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
W Clement & Jessie V Stone Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)70 E Lake Street 1020
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60601
A Employer identification number

36-2498125
B Telephone number (see instructions)

(312) 366-2263
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$120,422,018J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 874,227 2,344,406  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-1,064,194
b Gross sales price for all assets on line 6a 29,135,043
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 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,419 538,313 0
12 Total. Add lines 1 through 11........ -183,548 2,882,719 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 248,985     248,985
14 Other employee salaries and wages...... 369,079     365,369
15 Pension plans, employee benefits....... 237,803     238,364
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
114,386 29,465 0 34,227
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
223,517 223,517 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
101,015 111,263 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 37,435     37,435
21 Travel, conferences, and meetings....... 136,241     276,921
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
37,277 1,142,007 0 19,614
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,505,738 1,506,252 0 1,220,915
25 Contributions, gifts, grants paid....... 5,323,157 5,172,800
26 Total expenses and disbursements. Add lines 24 and 25 6,828,895 1,506,252 0 6,393,715
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,012,443
b Net investment income (if negative, enter -0-) 1,376,467
c Adjusted net income (if negative, enter -0-)... 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............. 632,820 652,273 652,273
2 Savings and temporary cash investments......... 605,899 1,274,618 1,274,618
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow0 110,650 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 610,754 2,731,016 2,731,016
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 23,734,873 Click to see attachment
List of Attached Documents:
// Content
24,685,006 		24,685,006
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 89,952,179 Click to see attachment
List of Attached Documents:
// Content
91,055,172 		91,055,172
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
58,786 		Click to see attachment
List of Attached Documents:
// Content
23,933 		Click to see attachment
List of Attached Documents:
// Content
23,933
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 115,705,961 120,422,018 120,422,018
Liabilities 17 Accounts payable and accrued expenses.......... 60,037 93,536
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
236,332 		Click to see attachment
List of Attached Documents:
// Content
373,958
23 Total liabilities (add lines 17 through 22)......... 296,369 467,494
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........... 115,409,592 119,954,524
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 115,409,592 119,954,524
30 Total liabilities and net assets/fund balances (see instructions). 115,705,961 120,422,018
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
115,409,592
2
Enter amount from Part I, line 27a .....................
2
-7,012,443
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
11,627,279
4
Add lines 1, 2, and 3 ..........................
4
120,024,428
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
69,904
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
119,954,524
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 SALES OF SECURITIES P    
b CAPITAL GAIN FROM SCHEDULES K-1 P    
c
d
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 28,825,227   30,368,200 -1,542,973
b 411,021   0 411,021
c
d
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     0 -1,542,973
b     0 411,021
c
d
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 -1,131,952
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 0
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 19,133
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  
3 Add lines 1 and 2........................... 3 19,133
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 19,133
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 157,659
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 157,659
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10 138,526
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow138,526 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowCA, IL
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 arrowWWW.WCSTONEFND.ORG
14
The books are in care ofright arrowSteven M Stone Telephone no.right arrow (312) 366-2263

Located atright arrow70 E LAKE STREET SUITE 1020CHICAGOIL ZIP+4right arrow60601
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)
Yes
 
(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
 
No
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
 
 
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
Amy Stone President & Chair
2.000 		0 0 0
70 E Lake Street
Suite 1020
Chicago,IL60601
CHAD TINGLEY Vice President
2.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
MICHAEL A STONE VP, Asst Treasurer & Secretary
2.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
SARA STONE Vice President
2.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
STEVEN M STONE JD 1st VP & Treasurer
6.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
BARBARA WEST STONE Board Member
1.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
DAVID STONE Board Member
1.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
DEBORAH STONE Board Member
1.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
JEFFREY STONE Board Member
1.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
JENNIFER STONE Board Member
1.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
Lindsay Stone Board Member
1.000 		0 0 0
70 E Lake Street
Chicago,IL60601
Peter Parcell Board Member
1.000 		0 0 0
70 E Lake Street
Chicago,IL60601
SANDRA STONE Board Member, President Emerita
1.000 		0 0 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
Van Tingley Board Member
1.000 		0 0 0
70 E Lake Street
Chicago,IL60601
SARA R SLAUGHTER EXECUTIVE DIRECTOR
40.000 		248,985 84,778 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
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
BRANDON THORNE SR. PROGRAM OFFICER
40.000 		131,490 53,855 0
70 E Lake Street
Chicago,IL60601
BRIAN K DIXON Grant Man/Prgrm Off.
40.000 		103,638 30,622 0
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
Chris Huaracha FIN/Ops DIR
40.000 		125,880 32,078 0
70 E Lake Street
Chicago,IL60601
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
CAMBRIDGE ASSOCIATES INVESTMENT SERVICES 218,785
2730 SAND HILL ROAD STE 300
MENLO PARK,CA94025
Crowe LLP Audit and Tax Services 76,356
225 West Wacker Drive
Suite 2600
Chicago,IL606061224
Total number of others receiving over $50,000 for professional services.............right arrow2
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
19,059,972
b
Average of monthly cash balances.......................
1b
6,886,929
c
Fair market value of all other assets (see instructions)................
1c
93,564,161
d
Total (add lines 1a, b, and c).........................
1d
119,511,062
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
 
3
Subtract line 2 from line 1d.........................
3
119,511,062
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,792,666
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
117,718,396
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,885,920
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
5,885,920
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
19,133
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,133
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,866,787
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
5,866,787
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
5,866,787
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
6,393,715
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
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,393,715
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 5,866,787
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 902,023
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,393,715
a Applied to 2022, but not more than line 2a 902,023
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..... 5,491,692
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023.   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 0
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...... 		 
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 .......... 		375,095
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
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).)
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 e-mail address of the person to whom applications should be addressed:
BRIAN DIXON
70 E LAKE STREET SUITE 1020
CHICAGO,IL60601
(312) 366-2263
bThe form in which applications should be submitted and information and materials they should include:
A BUDGET FOR THE ORGANIZATION OR PROJECT; A LIST OF THE BOARD OF DIRECTORS, THEIR TITLE AND EMPLOYER; IRS NOTICE OF TAX-EXEMPT STATUS; IRS NOTICE THAT ORGANIZATION IS A PUBLIC CHARITY UNDER IRS 509 (A) (1); A COPY OF THE ORGANIZATION'S ANNUAL AUDITED FINANCIAL STATEMENTS.
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE RECIPIENT ORGANIZATION MUST BE RECOGNIZED AS A PUBLIC CHARITY UNDER IRC 509(A)(1).
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

Accelerate Institute

833 W Jackson Blvd Suite 800
Chicago,IL60607 		N/A PC Alain Locke Charter School 10,000

Acton-Boxborough United Way

PO Box 2258 537 Massachusetts Aven
Acton,MA01720 		N/A PC General Operating Support 1,000

Advance Illinois

303 E Wacker Drive Suite 1925
Chicago,IL60601 		N/A PC General Operating Support 70,000

Advocate Charitable Foundation

3075 Highland Parkway Suite 600
Downers Grove,IL60515 		N/A PC GENERAL OPERATING SUPPORT 3,000

Advocate Health and Hospitals Corporation

3075 Highland Pkwy Fl 6
Downers Grove,IL605155563 		N/A PC ADVOCATE HEALTHY STEPS 60,000

All Chicago

651 W Washington Blvd Suite 504
Chicago,IL60661 		N/A PC Youth Action Board 50,000

Alliance for Early Success

PO Box 3882
Washington,DC20007 		N/A PC General Operating Support 50,000

Aspire Public Schools

1001 22nd Avenue
Oakland,CA94606 		N/A PC General Operating Support 5,000

Aurora University

347 South Gladstone Avenue
Aurora,IL60506 		N/A PC George Williams College 1,000

Bank Street College of Education

610 W 112th Street
New York,NY10025 		N/A PC TESOL Residency Program 60,000

Bend the Arc A Jewish Partnership for Justice

330 7th Ave 19th Floor
New York,NY10001 		N/A PC General Operating Support 60,000

BPE

27-43 Wormwood Street Suite 110
Boston,MA02210 		N/A PC General Operating Support 80,000

California Youth Connection

1311 63rd Street Suite A
Emeryville,CA94608 		N/A PC General Operating Support 80,000

Californians for Justice Education Fund

1961 Las Plumas Avenue
San Jose,CA95133 		N/A PC General Operating Support 80,000

CASEL (Collaborative for Academic Social & Emotional Learning)

815 W Van Buren Street Suite 210
Chicago,IL60607 		N/A PC General Operating Support 60,000

Center for Collaborative Education

33 Harrison Avenue 6th Floor
Boston,MA02111 		N/A PC Advocacy Campaign to Support Student-Centered Learning and Assessment in Massachusetts 70,000

Chicago Adventure Therapy

PO Box 13062
Chicago,IL60613 		N/A PC General Operating Support 5,000

Chicago Freedom School

719 South State Street 4th Floor
Chicago,IL60605 		N/A PC NorthStar Liberatory Education Collective 60,000

Chicago Public Education Fund

200 West Adams Suite 2150
Chicago,IL60606 		N/A PC General Operating Support 50,000

Child Care Services Association

PO Box 901
Chapel Hill,NC27514 		N/A PC General Operating Support 50,000

Children Now

1404 Franklin Street Suite 700
Oakland,CA94612 		N/A PC Early Education Advocacy 100,000

Chinese Progressive Association

1042 Grant Ave 5th Floor
San Francisco,CA94133 		N/A PC General Operating Support 5,000

Coaches Across Continents

35 Myrtle Street
Watertown,MA02472 		N/A PC General Operating Support 2,000

Coleman Advocates for Children & Youth

459 Vienna Street
San Francisco,CA94112 		N/A PC Stone Leaders for Change 100,000

Communities United

4749 N Kedzie Ave
Chicago,IL60625 		N/A PC Advancing Safe, inclusive, and Supportive Learning Environments in in Chicago Public Schools 170,000

CORO NEW YORK LEADERSHIP CENTER

42 Broadway Suite 2001
NEW YORK,NY100041617 		N/A PC Youth Leadership Development Programs 50,000

Council for a Strong America

1212 New York Ave NW Suite 300
Washington,DC20005 		N/A PC Fight Crime: Invest in Kids and ReadyNation 50,000

Dewitt Livingston Logan and McLean Regional Office of Education #17

201 E Grove Street Suite 300
Bloomington,IL61701 		N/A PC General Operating Support 60,000

DRUM Desis Rising Up and Moving Inc

72-18 Roosevelt Avenue
Jackson Heights,NY11372 		N/A PC General Operating Support 60,000

Dublin School

18 Lehmann Way
Dublin,NH03444 		N/A PC General Operating Support 1,000

Education Law Center

1800 JFK Boulevard Suite 1900A
Philadelphia,PA19103 		N/A PC General Operating Support 50,000

EMBARC Inc

PO Box 221450
Chicago,IL60622 		N/A PC General Operating Support 5,000

Environmental Law and Policy Center of the Midwest

35 East Wacker Drive
Chicago,IL60601 		N/A PC General Operating Support 5,000

Erikson Institute

451 N LaSalle Street
Chicago,IL60654 		N/A PC Erikson Institute's Early Teaching and Learning Academy and Policy and Leadership Department 100,000

Evanston Scholars

1234 Sherman Ave Suite 214
Evanston,IL60202 		N/A PC General Operating Support 1,000

First Up

1608 Walnut Street Suite 300
Philadelphia,PA19103 		N/A PC General Operating Support 60,000

Forefront

C/O FBRK IMPACT HOUSE 200 W MADISON
ST 2ND FLOOR
CHICAGO,IL60606 		N/A PC GENERAL OPERATING SUPPORT 7,150

Girls Play Sports

PO Box 8072 3536 Hillside Road
Evanston,IL60204 		N/A PC General Operating Support 1,500

Grantmakers for Education

861 SW 6th Avenue Suite 350
Portland,OR97204 		N/A PC General Operating Support 2,700

HealthConnect One

227 W Monroe Street Suite 2100
Chicago,IL60606 		N/A PC Advocacy for Birth Equity 40,000

Hurricane Island Outward Bound School

PO BOX 800
Camden,ME04843 		N/A PC General Operating Support 10,000

Illinois Action for Children

4753 N Broadway Street Suite 120
Chicago,IL60640 		N/A PC General Operating Support 70,000

Intentional Sports

126 E Wing Street Suite 176
Arlington Heights,IL60048 		N/A PC General Operating Support 1,000

Internationals Network for Public Schools

50 Broadway Suite 1601
New York,NY10004 		N/A PC General Operating Support 100,000

Jumpstart for Young Children

308 Congress Street 6th Floor
Boston,MA02210 		N/A PC Building a High-Quality Early Educator Pipeline 40,000

Justice Innovation Inc

520 Eighth Avenue 18th Floor
New York,NY10018 		N/A PC General Operating Support 50,000

Juvenile Law Center

1800 JFK Boulevard Suite 1900B
Philadelphia,PA19103 		N/A PC Youth Engagement Digital Toolkit 50,000

Juvenile Protection Association

1707 N Halsted Street
Chicago,IL60614 		N/A PC General Operating Support 6,250

Latino Policy Forum

180 N Michigan Avenue Ste 1250
Chicago,IL60601 		N/A PC General Operating Support 110,000

Learning Policy Institute

1530 Page Mill Road Suite 200
Palo Alto,CA94304 		N/A PC For continued development and implementation of the Education Preparatory Laboratory (EdPrepLab) Edu 90,000

Lymphoma Research Foundation

Wall Street Plaza 88 Pine Street
New York,NY10005 		N/A PC General Operating Support 6,000

Make the Road New York

301 Grove Street
Brooklyn,NY11237 		N/A PC General Operating Support 130,000

Mikva Challenge Grant Foundation Inc

200 S Michigan Ave Suite 1000
Chicago,IL60604 		N/A PC Mikva Challenge Citywide Youth Council Program 80,000

Naitonal Public Eduction Support Fund

1900 L Street NW Suite 520
Washington,DC20036 		N/A PC General Operating Support 10,000

National Association for the Education of Young Children

1313 L Street NW Suite 500
Washington,DC20005 		N/A PC Advancing Early Childhood Higher Education Quality 100,000

National Center for Family Philanthropy

1667 K Street NW 550
Washington,DC20006 		N/A PC General Operating Support 5,000

National Center for Teacher Residencies

1332 North Halsted St Suite 304
Chicago,IL60642 		N/A PC NCTR BEI Research 90,000

National Economic and Social Rights Initiative

90 John Street Suite 501
New York,NY10038 		N/A PC Dignity in Schools Campaign 40,000

National Equity Project

1720 Broadway 4th Floor
Oakland,CA94612 		N/A PC General Operating Support 150,000

New America Foundation

740 15th Street NW Suite 900
Washington,DC20005 		N/A PC General Operating Support 80,000

New Teacher Center

110 Cooper Street Suite 500
Santa Cruz,CA95060 		N/A PC General Operating Support 120,000

New Venture Fund

1828 L Street NW Suite 300A
Washington,DC20036 		N/A PC Child Care for Every Family Network 60,000

Oakland Kids First

3700 E 12th Street Suite 3
Oakland,CA94601 		N/A PC General Operating Support 110,000

Pan-Mass Challenge

77 4th Ave
Needham,MA02494 		N/A PC General Operating Support 4,000

ParentChild

163B Mineola Boulevard
Mineola,NY11501 		N/A PC General Operating Support 60,000

Partners in School Innovation

1060 Tennessee Street 2nd Floor
San Francisco,CA94107 		N/A PC General Operating Support 100,000

Pennsylvania Partnerships for Children

200 North Third Street 13th Floor
Harrisburg,PA171011589 		N/A PC General Operating Support 80,000

Philadelphia Student Union

501 S 52nd St Commercial Unit 1
Philadelphia,PA19143 		N/A PC Fair Funding Campaign Awareness 60,000

Philanthropy New York

20 EAST 43RD STREET
NEW YORK,NY10017 		N/A PC GENERAL OPERATING SUPPORT 450

Public Policy and Education Fund

94 Central Avenue
Albany,NY12206 		N/A PC School Funding Accountability 70,000

Rainforest Foundation US

1000 Dean Street Suite 430
Brooklyn,NY11238 		N/A PC General Operating Support 10,000

Rebuild Foundation

6918 S Dorchester
Chicago,IL60637 		N/A PC General Operating Support 10,000

Rennie Center for Education Research & Policy

114 State Street 3rd Floor
Boston,MA02109 		N/A PC Open Opportunity MA 70,000

Rescuing Leftover Cuisine Inc

25 Broadway 12th Floor
NEW YORK,NY10004 		N/A PC General Operating Support 2,500

Research Foundation of the City University of New York

16 Court Street 31st Floor
Brooklyn,NY11241 		N/A PC General Operating Support 70,000

Ryan Licht Sang Bipolar Foundation

875 N Michigan Avenue Suite 3100
Chicago,IL60611 		N/A PC General Operating Support 10,000

RYSE Center

205 41st Street
Richmond,CA94805 		N/A PC Stone Leaders for Change 60,000

Social and Environmental Entrepreneurs Inc

23564 Calabasas Road
Calabasas,CA913021338 		N/A PC General Operating Support 50,000

Spiritual Alliance Inc

PO Box 918
Bryn Athyn,PA19009 		N/A PC General Operating Support 10,000

Start Early

33 West Monroe Suite 1200
Chicago,IL60603 		N/A PC General Operating Support 100,000

StormStrong Foundation

55 Sunrise Drive
Williston,VT05495 		N/A PC General Operating Support 4,000

Strategies for Children

400 Atlantic Avenue
Boston,MA02110 		N/A PC General Operating Support 120,000

Teach Plus Incorporated

One Beacon Street 15th Floor Suit
Boston,MA02108 		N/A PC General Operating Support 70,000

The City School Inc

614 Columbia Road
Dorchester,MA02125 		N/A PC General Operating Support 50,000

The Education Trust

1501 K Street NW Suite 200
Washington,DC20005 		N/A PC Addressing Inequities in Massachusetts' School System 180,000

Night Ministry

4711 N Ravenswood
Chicago,IL60640 		N/A PC General Operating Support 1,250

The Regents of the University of CA Center for the Study of Child

1608 Fourth Street Suite 220
Berkeley,CA947205940 		N/A PC General Operating Support 100,000

The Regents of the University of California Los Angeles

11000 Kinross Avenue Suite 102
Los Angeles,CA900951406 		N/A PC General Operating Support 40,000

Third Sector New England Inc

89 South Street 7th Floor
Boston,MA02111 		N/A PC General Operating Support 110,000

Tides Center

PO BOX 29907
San Francisco,CA941290907 		N/A PC General Operating Support 80,000

US Soccer

1801 S Prairie Ave
Chicago,IL60616 		N/A PC U.S. Soccer Development Fund 7,000

University Community Collaborative

Temple University Gladfelter Hall
Philadelphia,PA191226089 		N/A PC Youth Leadership Development 40,000

University of Colorado Denver

13001 East 17th Place Room W1124
Aurora,CO80045 		N/A PC Peer-to-Peer: P-3 in Principal Preparation Programs 50,000

University of Illinois at Chicago

1040 West Harrison Street
Chicago,IL60607 		N/A PC Coaching & Data Systems Support 160,000

Youth Leadership Institute

209 Ninth St Suite 200
San Francisco,CA94103 		N/A PC Calafia Fellowship 50,000

Youth United for Change

520 N Columbus Blvd Suite 205
Philadelphia,PA19123 		N/A PC General Operating Support 60,000
Total .................................right arrow 3a 5,172,800
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 ........... 		         
4 Dividends and interest from securities ....     14 874,227  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 81,533 18 -1,145,727  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aROYALTIES 		    14 6,419  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 81,533 -265,081 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-183,548
(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: 23017437
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND AUDIT FEES 69,320 6,932   34,227
TAX PREPARATION 45,066 22,533    

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
SALES OF SECURITIES   P     28,825,227 30,368,200     -1,542,973  
CAPITAL GAIN FROM SCHEDULES K-1   P     478,779       478,779  

TY 2023 InvestmentsCorpStockSchedule
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
Fixed Income Funds 14,435,703 14,435,703
Mutual Funds 6,210,624 6,210,624
Global Equity Funds 4,038,679 4,038,679

TY 2023 InvestmentsOtherSchedule2
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Alternative Investments FMV 91,055,172 91,055,172

TY 2023 OtherAssetsSchedule
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Right-of-use Asset 58,786 23,933 23,933


TY 2023 OtherDecreasesSchedule
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Description Amount
Accrual for deferred tax liability 69,904


TY 2023 OtherExpensesSchedule
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Information Technology 24,612     15,545
OFFICE SUPPLIES AND POSTAGE 2,059      
PAYROLL SERVICES 3,824      
FILING FEES 329      
INSURANCE 4,173     2,069
BANK SERVICE CHARGES 280      
MEMBERSHIP/ASSOCIATIONS 2,000     2,000
OTHER EXPENSES FROM K-1   1,142,007    


TY 2023 OtherIncomeSchedule2
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTIES 6,419 6,419  
PARTNERSHIP INCOME FROM K-1   531,894  


TY 2023 OtherIncreasesSchedule
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Description Amount
Unrealized gain 11,627,279


TY 2023 OtherLiabilitiesSchedule
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
Deferred Excise Taxes 177,546 350,025
Operating Lease Obligation 58,786 23,933


TY 2023 OtherProfessionalFeesSchedule
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 223,517 223,517    


TY 2023 TaxesSchedule
Name:
W Clement & Jessie V Stone Foundation
EIN:
36-2498125
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 101,015 111,263