Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
CHOATE BRIDGES FOUNDATION
(FKA CBF FOUNDATION)
Number and street (or P.O. box number if mail is not delivered to street address)8200 ROBERTS DRIVE 215
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30350
A Employer identification number

82-2450365
B Telephone number (see instructions)

(770) 559-0920
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$32,325,681J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,799,278
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,125,605 2,125,605  
4 Dividends and interest from securities... 83,069 83,069  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -76,485
b Gross sales price for all assets on line 6a 1,112,465
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 5,931,467 2,208,674  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
6,623 0   6,623
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,645 0   7,645
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
25,108 25,108   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
29,773 1,604   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
5,636 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,793 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,357 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 81,935 26,712   14,268
25 Contributions, gifts, grants paid....... 2,324,000 2,324,000
26 Total expenses and disbursements. Add lines 24 and 25 2,405,935 26,712   2,338,268
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,525,532
b Net investment income (if negative, enter -0-) 2,181,962
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 213,360 1,806,804 1,806,804
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow270,000
Less: accumulated depreciation (attach schedule) right arrow   270,000 270,000 270,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 26,438,591 Click to see attachment
List of Attached Documents:
// Content
29,714,329 		29,826,418
14 Land, buildings, and equipment: basis right arrow454,631
Less: accumulated depreciation (attach schedule) right arrow32,172 428,095 Click to see attachment
List of Attached Documents:
// Content
422,459 		422,459
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,350,046 32,213,592 32,325,681
Liabilities 17 Accounts payable and accrued expenses.......... 815,000 671
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 815,000 671
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 26,535,046 32,212,921
29 Total net assets or fund balances (see instructions)..... 26,535,046 32,212,921
30 Total liabilities and net assets/fund balances (see instructions). 27,350,046 32,213,592
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
26,535,046
2
Enter amount from Part I, line 27a .....................
2
3,525,532
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,152,343
4
Add lines 1, 2, and 3 ..........................
4
32,212,921
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
32,212,921
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a GOLDMAN SACHS #9533 P    
b GOLDMAN SACHS #7939 P    
c GOLDMAN SACHS #7939 P    
d AEP WOODSTOCK PREF P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 837,644   879,266 -41,622
b 98,230   98,715 -485
c 176,591   179,371 -2,780
d     31,598 -31,598
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -41,622
b       -485
c       -2,780
d       -31,598
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -76,485
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 30,329
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 30,329
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 30,329
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 26,009
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 38,509
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,180
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow8,180 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowGA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowCHOATE BRIDGES FOUNDATION Telephone no.right arrow (678) 905-3008

Located atright arrow8200 ROBERTS DRIVE SUITE 215ATLANTAGA ZIP+4right arrow30350
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
W MILLARD CHOATE TRUSTEE, DISTRIBUTION COMM
1.00 		0 0 0
8200 ROBERTS DRIVE SUITE 215
ATLANTA,GA30350
SUSAN CHOATE DISTRIBUTION COMMITTEE
1.00 		0 0 0
8200 ROBERTS DRIVE SUITE 215
ATLANTA,GA30350
EMILY G CHOATE DISTRIBUTION COMMITTEE
1.00 		0 0 0
8200 ROBERTS DRIVE SUITE 215
ATLANTA,GA30350
KATHERINE CHOATE DISTRIBUTION COMMITTEE
1.00 		0 0 0
8200 ROBERTS DRIVE SUITE 215
ATLANTA,GA30350
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
5,767,298
b
Average of monthly cash balances.......................
1b
2,978,037
c
Fair market value of all other assets (see instructions)................
1c
11,435,152
d
Total (add lines 1a, b, and c).........................
1d
20,180,487
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
20,180,487
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
302,707
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
19,877,780
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
993,889
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
993,889
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
30,329
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
30,329
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
963,560
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
963,560
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
963,560
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,338,268
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,338,268
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 963,560
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 556,588
b From 2019...... 70,712
c From 2020...... 485,677
d From 2021...... 165,836
e From 2022...... 181,337
f Total of lines 3a through e ........ 1,460,150
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,338,268
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 963,560
e Remaining amount distributed out of corpus 1,374,708
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,834,858
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		556,588
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,278,270
10 Analysis of line 9:
a Excess from 2019.... 70,712
b Excess from 2020.... 485,677
c Excess from 2021.... 165,836
d Excess from 2022.... 181,337
e Excess from 2023.... 1,374,708
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
W MILLARD CHOATE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

300 CLUB OF ATLANTA

3050 PEACHTREE RD NW SUITE 600
ATLANTA,GA30305 		NONE PC HUMANITARIAN ASSISTANCE 5,000

4 PAWS FOR ABILITY

207 DAYTON AVE
XENIA,OH45385 		NONE PC HUMANITARIAN ASSISTANCE 5,000

ADA OUTREACH MINISTRIES

5730 OLD PIEDMONT-GADSDEN HWY
PIEDMONT,AL36272 		NONE PC HUMANITARIAN ASSISTANCE 2,000

ADOPT A GOLDEN ATLANTA

PO BOX 420256
ATLANTA,GA30342 		NONE PC HUMANITARIAN ASSISTANCE 10,000

AHIMSA HOUSE INC

PO BOX 2173
TUCKER,GA30085 		NONE PC HUMANITARIAN ASSISTANCE 5,000

ALZHEIMER'S ASSOCIATION

225 N MICHIGAN AVE 17TH FLOOR
CHICAGO,IL60601 		NONE PC HUMANITARIAN ASSISTANCE 5,000

AMERICAN HEART ASSOCIATION

887 JOHNNIE DODDS BLVD SUITE 110
MOUNT PLEASANT,SC29464 		NONE PC HUMANITARIAN ASSISTANCE 10,000

ASSISTANCE LEAGUE OF ATLANTA GA

PO BOX 920250
NORCROSS,GA30010 		NONE PC HUMANITARIAN ASSISTANCE 20,000

ATLANTA CHILDRENS SHELTER

PO BOX 54322
ATLANTA,GA30308 		NONE PC HUMANITARIAN ASSISTANCE 12,500

ATLANTA HUMANE SOCIETY

1551 PERRY BLVD NW
ATLANTA,GA30318 		NONE PC HUMANITARIAN ASSISTANCE 5,000

ATLANTA MISSION

2353 BOLTON RD NW
ATLANTA,GA30318 		NONE PC HUMANITARIAN ASSISTANCE 20,000

ATLANTA RONALD MCDONALD HOUSE CHARITIES

PO BOX 117715
ATLANTA,GA30368 		NONE PC HUMANITARIAN ASSISTANCE 50,000

ATLANTA VIETNAM VETERANS BUSINESS ASSOCIATION FOUNDATION

3970 FLINT HILL RD
POWDER SPRINGS,GA30127 		NONE PC HUMANITARIAN ASSISTANCE 2,500

ATLANTA YOUTH SOCCER FOUNDATION

PO BOX 3733
LILBURN,GA30048 		NONE PC HUMANITARIAN ASSISTANCE 25,000

BALD RIDGE LODGE

505 LAKELAND PLAZA UNIT 302
CUMMING,GA30040 		NONE PC HUMANITARIAN ASSISTANCE 45,000

BEARINGS BIKE WORKS

982 MURPHY AVE SW 982 A
ATLANTA,GA30310 		NONE PC HUMANITARIAN ASSISTANCE 5,000

BLUE & GOLD FOUNDATION

5456 PEACHTREE BLVD BOX 154
CHAMBLEE,GA30341 		NONE PC HUMANITARIAN ASSISTANCE 5,000

BOYS AND GIRLS CLUB OF LANIER

PO BOX 691
GAINESVILLE,GA30503 		NONE PC HUMANITARIAN ASSISTANCE 50,000

BROOKHAVEN POLICE FOUNDATION

3198 SILVER LAKE DR
BROOKHAVEN,GA30319 		NONE PC HUMANITARIAN ASSISTANCE 10,000

CAMP HORIZON

5825 GLENRIDGE DR
ATLANTA,GA30328 		NONE PC HUMANITARIAN ASSISTANCE 10,000

CANINE ASSISTANTS

3160 FRANCIS RD
ALPHARETTA,GA30004 		NONE PC HUMANITARIAN ASSISTANCE 10,000

CATHOLIC COMFORT CARE HOMES - HEART OF MARY HOUSE

9632 S HARPETH ROAD
NASHVILLE,TN37221 		NONE PC HUMANITARIAN ASSISTANCE 3,000

CENTER FOR GLOBAL HEALTH INNOVATION

999 PEACHTREE ST NE
ATLANTA,GA30309 		NONE PC HUMANITARIAN ASSISTANCE 20,000

CHRIS 180

1030 FAYETTEVILLE RD SE
ATLANTA,GA30316 		NONE PC HUMANITARIAN ASSISTANCE 20,000

CHRISTIAN CITY

7345 RED OAK ROAD
UNION CITY,GA30291 		NONE PC HUMANITARIAN ASSISTANCE 20,000

CHRISTMAS SPIRIT FOUNDATION

2650 S HANLEY RD STE 100
ST LOUIS,MO63144 		NONE PC HUMANITARIAN ASSISTANCE 1,000

CITY OF REFUGE

1300 JOSEPH E BOONE BLVD
ATLANTA,GA30314 		NONE PC HUMANITARIAN ASSISTANCE 30,000

CLEMSON UNIVERSITY FOUNDATION

PO BOX 1889
CLEMSON,SC29633 		NONE PC HUMANITARIAN ASSISTANCE 50,000

COMMON GOOD ATLANTA

PO BOX 17007
ATLANTA,GA30317 		NONE PC HUMANITARIAN ASSISTANCE 10,000

COMMUNITY ASSISTANCE CENTER

PO BOX 501298
ATLANTA,GA31150 		NONE PC HUMANITARIAN ASSISTANCE 25,000

COMMUNITY FOUNDATION OF THE CHATTAHOOCHEE VALLEY

1340 13TH ST
COLUMBUS,GA31901 		NONE PC HUMANITARIAN ASSISTANCE 5,000

CORNERS OUTREACH

1854 SHACKELFORD CT SUITE 100
NORCROSS,GA30093 		NONE PC HUMANITARIAN ASSISTANCE 50,000

COVENANT HOUSE GA

PO BOX 94465
ATLANTA,GA30377 		NONE PC HUMANITARIAN ASSISTANCE 25,000

CROSSROADS COMMUNITY MINISTRIES

PO BOX 55397
ATLANTA,GA30308 		NONE PC HUMANITARIAN ASSISTANCE 25,000

CYSTIC FIBROSIS FOUNDATION

57 EXECUTIVE PARK S SUITE 380
ATLANTA,GA30329 		NONE PC HUMANITARIAN ASSISTANCE 75,000

DUNWOODY POLICE FOUNDATION

4780 ASHFORD DUNWOODY RD SUITE
540-235
DUNWOODY,GA30338 		NONE PC HUMANITARIAN ASSISTANCE 5,000

EAGLE RANCH

PO BOX 7200
CHESTNUT MOUNTAIN,GA30502 		NONE PC HUMANITARIAN ASSISTANCE 20,000

EAST ATLANTA KIDS CLUB

602 BROWNWOOD AVE SE
ATLANTA,GA30316 		NONE PC HUMANITARIAN ASSISTANCE 10,000

ELEVATE COUNSELING CENTER

1836 CARROLLTON VILLA RICA HWY
SUITE 107
VILLA RICA,GA30180 		NONE PC HUMANITARIAN ASSISTANCE 1,000

FAMILIES FIRST

80 JOSEPH LOWERY BLVD
ATLANTA,GA30314 		NONE PC HUMANITARIAN ASSISTANCE 25,000

FATHER RYAN HIGH SCHOOL

700 NORWOOD DR
NASHVILLE,TN37204 		NONE PC HUMANITARIAN ASSISTANCE 25,000

FELLOWSHIP OF CHRISTIAN ATHLETES

8701 LEEDS RD
KANSAS CITY,MO64129 		NONE PC HUMANITARIAN ASSISTANCE 25,000

FISHERS HOUSE FOUNDATION

12300 TWINBROOK PKWY SUITE 410
ROCKVILLE,MD20852 		NONE PC HUMANITARIAN ASSISTANCE 15,000

FURKIDS

5235 UNION HILL ROAD
CUMMING,GA30040 		NONE PC HUMANITARIAN ASSISTANCE 25,000

GEORGIA CENTER FOR CHILD ADVOCACY

PO BOX 11270 SW
ATLANTA,GA31310 		NONE PC HUMANITARIAN ASSISTANCE 30,000

GEORGIA CHAPTER OF CONCERNS OF POLICE SURVIVORS

117 N STEEL BRIDGE RD
EATONTON,GA31024 		NONE PC HUMANITARIAN ASSISTANCE 10,000

GEORGIA INNOCENCE PROJECT

50 HURT PLAZA SE 350
ATLANTA,GA30303 		NONE PC HUMANITARIAN ASSISTANCE 10,000

GEORGIA STATE UNIVERSITY FOUNDATION

PO BOX 3984
ATLANTA,GA30302 		NONE PC HUMANITARIAN ASSISTANCE 10,000

GOSHEN VALLEY BOYS RANCH

225 REFORMATION PKWY SUITE 118
CANTON,GA30114 		NONE PC HUMANITARIAN ASSISTANCE 10,000

GROVE PARK RENEWAL

1566 DONALD LEE HOLLOWELL PKWY NW
SUITE 101
ATLANTA,GA30318 		NONE PC HUMANITARIAN ASSISTANCE 25,000

HAVE FOUNDATION

3343 PEACHTREE ROAD NE SUITE 120
ATLANTA,GA30326 		NONE PC HUMANITARIAN ASSISTANCE 10,000

HIGHLANDS MOTORING FOUNDATION

PO BOX 442
HIGHLANDS,NC28741 		NONE PC HUMANITARIAN ASSISTANCE 10,000

HOMESTRETCH INC

89 GROVE WAY
ROSWELL,GA30075 		NONE PC HUMANITARIAN ASSISTANCE 10,000

IGNATIUS HOUSE JESUIT RETREAT CENTER

6700 RIVERSIDE DR
SANDY SPRINGS,GA30328 		NONE PC HUMANITARIAN ASSISTANCE 15,000

INTERFAITH OUTREACH HOME

PO BOX 48075
DORAVILLE,GA30362 		NONE PC HUMANITARIAN ASSISTANCE 30,000

JEWISH FAMILY AND CAREER SERVICES

4549 CHAMBLEE DUNWOODY ROAD
ATLANTA,GA30338 		NONE PC HUMANITARIAN ASSISTANCE 10,000

KENNESAW STATE UNIVERSITY FOUNDATION

3391 TOWN POINT 4TH FLOOR MD 9101
KENNESAW,GA30144 		NONE PC HUMANITARIAN ASSISTANCE 50,000

LAKE LANIER ASSOCIATION

821 DAWSONVILLE HWY SUITE 110
GAINESVILLE,GA30501 		NONE PC HUMANITARIAN ASSISTANCE 10,000

LATIN AMERICAN ASSOCIATION

2750 BUFORD HIGHWAY
ATLANTA,GA30324 		NONE PC HUMANITARIAN ASSISTANCE 12,500

LAURENS WILDLIFE RESCUE

742 MORTON DRIVE
GLENWOOD,GA30428 		NONE PC HUMANITARIAN ASSISTANCE 5,000

LEUKEMIA & LYMPHOMA SOCIETY

3 INTERNATIONAL DRIVE SUITE 200
RYE BROOK,NY10573 		NONE PC HUMANITARIAN ASSISTANCE 12,500

LIFE HOUSE ATLANTA

4290 BELLS FERRY ROAD SUITE 134 PMB
1202
KENNESAW,GA30144 		NONE PC HUMANITARIAN ASSISTANCE 10,000

LIFECYCLE BUILDING CENTER

1116 MURPHY AVE SW
ATLANTA,GA30310 		NONE PC HUMANITARIAN ASSISTANCE 50,000

LIFELINE ANIMAL PROJECT

3180 PRESIDENTIAL DRIVE
ATLANTA,GA30340 		NONE PC HUMANITARIAN ASSISTANCE 10,000

MATTHEW 25

625 BENTON AVE 120
NASHVILLE,TN37211 		NONE PC HUMANITARIAN ASSISTANCE 16,000

MEALS ON WHEELS ATLANTA

1705 COMMERCE DR
ATLANTA,GA30318 		NONE PC HUMANITARIAN ASSISTANCE 25,000

MEN OF VALOR

504 VALOR WAY
ANTIOCH,TN37013 		NONE PC HUMANITARIAN ASSISTANCE 20,000

MORGAN'S MESSAGE

5816 WELLINGTON RD
GAINESVILLE,VA20155 		NONE PC HUMANITARIAN ASSISTANCE 10,000

MR HOLLAND'S OPUS FOUNDATION

4370 TUJUNGA AVE SUITE 110
STUDIO CITY,CA91604 		NONE PC HUMANITARIAN ASSISTANCE 10,000

MY FRIENDS AND ME

PO BOX 1683
SMYRNA,GA30081 		NONE PC HUMANITARIAN ASSISTANCE 500

MY JOURNEY MATTERS

150 E PONCE DE LEON AVE SUITE 450
DECATUR,GA30030 		NONE PC HUMANITARIAN ASSISTANCE 50,000

NATIONAL INCARCERATION ASSOCIATION

900 OLD ROSWELL LAKES PARKWAY SUITE
100B
ROSWELL,GA30076 		NONE PC HUMANITARIAN ASSISTANCE 10,000

NAVY SEAL FOUNDATION

1619 D STREET
VIRGINIA BEACH,VA23459 		NONE PC HUMANITARIAN ASSISTANCE 5,000

NEW DESIRE CHRISTIAN MINISTRIES

PO BOX 918
ARAGON,GA30104 		NONE PC HUMANITARIAN ASSISTANCE 2,000

NEW DOCTA

25 W 64TH ST APT 7D
NEW YORK,NY10023 		NONE PC HUMANITARIAN ASSISTANCE 15,000

NORTH FULTON COMMUNITY CHARITIES

11270 ELKINS RD
ROSWELL,GA30076 		NONE PC HUMANITARIAN ASSISTANCE 50,000

NORTHSIDE HOSPITAL FOUNDATION

3400 OLD MILTON PKWY BLDG C SUITE
170
ALPHARETTA,GA30005 		NONE PC HUMANITARIAN ASSISTANCE 15,000

OPEN HAND ATLANTA

181 ARMOUR DRIVE NE
ATLANTA,GA30324 		NONE PC HUMANITARIAN ASSISTANCE 10,000

PARTNERSHIP AGAINST DOMESTIC VIOLENCE

PO BOX 170225
ATLANTA,GA30317 		NONE PC HUMANITARIAN ASSISTANCE 10,000

PHACE SYNDROME COMMUNITY INC

611 EASTON RD UNIT 300
WILLOW GROVE,PA19090 		NONE PC HUMANITARIAN ASSISTANCE 5,000

PLANNED PETHOOD OF GEORGIA

2860 BUFORD HWY
DULUTH,GA30096 		NONE PC HUMANITARIAN ASSISTANCE 5,000

RESTORE LIFE

PO BOX 94863
ATLANTA,GA30377 		NONE PC HUMANITARIAN ASSISTANCE 50,000

ROMAN CATHOLIC DIOCESE OF NASHVILLE

2800 MCGAVOCK PIKE
NASHVILLE,TN37214 		NONE PC HUMANITARIAN ASSISTANCE 25,000

ROOM IN THE INN

705 DREXEL ST 2
NASHVILLE,TN37203 		NONE PC HUMANITARIAN ASSISTANCE 16,000

SAINT ANN SCHOOL

5105 CHARLOTTE AVE
NASHVILLE,TN37209 		NONE PC HUMANITARIAN ASSISTANCE 25,000

SAINT BERNARD ABBEY FOUNDATION

1600 ST BERNARD DRIVE SE
CULLMAN,AL35066 		NONE PC HUMANITARIAN ASSISTANCE 100,000

SAVANNAH WILDLIFE RESCUE CENTER

PO BOX 30232
SAVANNAH,GA31410 		NONE PC HUMANITARIAN ASSISTANCE 10,000

SAVOY AUTOMOBILE MUSEUM

PO BOX 3068
CARTERSVILLE,GA30120 		NONE PC HUMANITARIAN ASSISTANCE 5,000

SHEPHERD CENTER FOUNDATION

2020 PEACHTREE RD NW
ATLANTA,GA30309 		NONE PC HUMANITARIAN ASSISTANCE 250,000

STREET GRACE

5995 FINANCIAL DR STE 180
NORCORSS,GA30071 		NONE PC HUMANITARIAN ASSISTANCE 100,000

THE CHARITABLE FOUNDATION OF THE ROTARY CLUB OF ATLANTA

40 COURTLAND STREET NE
ATLANTA,GA30303 		NONE PC HUMANITARIAN ASSISTANCE 25,000

THE EXTENSION

316 ALEXANDER STREET SUITE 5
MARIETTA,GA30060 		NONE PC HUMANITARIAN ASSISTANCE 10,000

THE FURNITURE BANK

908 MURPHY AVE SW
ATLANTA,GA30310 		NONE PC HUMANITARIAN ASSISTANCE 30,000

THE RON CLARK ACADEMY

228 MARGARET STREET
ATLANTA,GA30315 		NONE PC HUMANITARIAN ASSISTANCE 50,000

TUNNEL TO TOWERS

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		NONE PC HUMANITARIAN ASSISTANCE 12,500

UNITED CEREBRAL PALSY OF MIDDLE TENNESSEE

1200 9TH AVENUE NORTH SUITE 110
NASHVILLE,TN37208 		NONE PC HUMANITARIAN ASSISTANCE 25,000

UNITED MILITARY CARE

1220 OLD CANTON RD
MARIETTA,GA30062 		NONE PC HUMANITARIAN ASSISTANCE 5,000

UNITED WAY OF GREATER ATLANTA

40 COURTLAND ST NE
ATLANTA,GA30303 		NONE PC HUMANITARIAN ASSISTANCE 50,000

USO COUNCIL OF GA

PO BOX 20963
ATLANTA,GA30338 		NONE PC HUMANITARIAN ASSISTANCE 5,000

VILLA ESPERANZA SERVICES

2116 E VILLA ST
PASADENA,CA91107 		NONE PC HUMANITARIAN ASSISTANCE 12,500

WEALTHY HABITS

1200 ASHWOOD PARKWAY SUITE 155
ATLANTA,GA30338 		NONE PC HUMANITARIAN ASSISTANCE 12,500

WORLD CENTRAL KITCHEN

200 MASSACHUSETTS AVE NW 7TH FLOOR
WASHINGTON,DC20001 		NONE PC HUMANITARIAN ASSISTANCE 5,000

WORLD VISION

34834 WEYERHAEUSER WAY SOUTH
FEDERAL WAY,WA98063 		NONE PC HUMANITARIAN ASSISTANCE 50,000

YMCA OF METRO ATLANTA

PO BOX 117703
ATLANTA,GA30368 		NONE PC HUMANITARIAN ASSISTANCE 20,000

YOUTH OUTREACH UNITED

PO BOX 1432
CUMMING,GA30028 		NONE PC HUMANITARIAN ASSISTANCE 10,000
Total .................................right arrow 3a 2,324,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 2,125,605  
4 Dividends and interest from securities ....     14 83,069  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16    
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -76,485  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,132,189 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,132,189
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
CHOATE BRIDGES FOUNDATION
(FKA CBF FOUNDATION)
Employer identification number

82-2450365
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
CHOATE BRIDGES FOUNDATION
(FKA CBF FOUNDATION) 		Employer identification number
82-2450365
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
WILLIAM MILLARD CHOATE
1083 BYRNWYCK TRAIL
 
ATLANTA, GA30319

$ 3,799,278


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
CHOATE BRIDGES FOUNDATION
(FKA CBF FOUNDATION) 		Employer identification number

82-2450365
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
CHOATE BRIDGES FOUNDATION
(FKA CBF FOUNDATION) 		Employer identification number

82-2450365
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
CHOATE BRIDGES FOUNDATION
 
(FKA CBF FOUNDATION)
EIN:
82-2450365
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 7,645 0   7,645

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
CHOATE BRIDGES FOUNDATION
 
(FKA CBF FOUNDATION)
EIN:
82-2450365
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
GARY ROAD BUILDING 2018-04-25 225,431 26,536 ADS 40.000000000000 5,636 0    
GARY ROAD LAND 2018-04-25 229,200   L   0 0    

TY 2023 InvestmentsOtherSchedule2
Name:
CHOATE BRIDGES FOUNDATION
 
(FKA CBF FOUNDATION)
EIN:
82-2450365
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITIES FMV 5,344,720 5,456,809
CONVERTIBLE NOTES FMV 11,435,152 11,435,152
INVESTMENT IN AEP WOODSTOCK PREF LLC FMV 2,718,375 2,718,375
INVESTMENT IN REAL ESTATE ACTIVITIES FMV 10,216,082 10,216,082

TY 2023 LandEtcSchedule2
Name:
CHOATE BRIDGES FOUNDATION
 
(FKA CBF FOUNDATION)
EIN:
82-2450365
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
GARY ROAD BUILDING 225,431 32,172 193,259 193,259
GARY ROAD LAND 229,200 0 229,200 229,200


TY 2023 LegalFeesSchedule
Name:
CHOATE BRIDGES FOUNDATION
 
(FKA CBF FOUNDATION)
EIN:
82-2450365
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 5,993 0   5,993
PROFESSIONAL FEES 630 0   630


TY 2023 OtherExpensesSchedule
Name:
CHOATE BRIDGES FOUNDATION
 
(FKA CBF FOUNDATION)
EIN:
82-2450365
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BUSINESS LICENSES AND PERMITS EXPENSE 1,908 0   0
SOFTWARE AND MAINTENANCE EXPENSE 1,250 0   0
MEALS EXPENSE 100 0   0
POSTAGE AND DELIVERY 99 0   0


TY 2023 OtherIncreasesSchedule
Name:
CHOATE BRIDGES FOUNDATION
 
(FKA CBF FOUNDATION)
EIN:
82-2450365
Description Amount
ADJUSTMENT FOR UNREALIZED GAIN/LOSS ON INVESTMENT ACCOUNT END OF YEAR 2,152,343


TY 2023 OtherProfessionalFeesSchedule
Name:
CHOATE BRIDGES FOUNDATION
 
(FKA CBF FOUNDATION)
EIN:
82-2450365
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES- GS #9533 10,000 10,000   0
INVESTMENT MANAGEMENT FEES- GS #9534 12,554 12,554   0
INVESTMENT MANAGEMENT FEES- GS #7939 2,554 2,554   0


TY 2023 TaxesSchedule
Name:
CHOATE BRIDGES FOUNDATION
 
(FKA CBF FOUNDATION)
EIN:
82-2450365
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER TAXES 28,169 0   0
FOREIGN TAX PAID- GS #9534 1,604 1,604   0