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
THORNBURG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2300 N RIDGETOP RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA FE, NM87506
A Employer identification number

85-0457010
B Telephone number (see instructions)

(505) 467-7853
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$163,359,079J 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) 10,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,573 1,573  
4 Dividends and interest from securities... 2,936,216 2,936,216  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -12,722
b Gross sales price for all assets on line 6a 20,238,506
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)....... Click to see attachment
List of Attached Documents:
// Content
0 2,495,007  
12 Total. Add lines 1 through 11........ 12,925,067 5,432,796  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 245,268 0   220,741
14 Other employee salaries and wages...... 702,774 0   667,926
15 Pension plans, employee benefits....... 154,525 0   146,085
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,748 0   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,915 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
157,265 0   157,039
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
124,585 0   60,103
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
6,043 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 48,028 0   46,192
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
194,355 118,755   32,862
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,656,506 118,755   1,330,948
25 Contributions, gifts, grants paid....... 5,825,717 5,825,717
26 Total expenses and disbursements. Add lines 24 and 25 7,482,223 118,755   7,156,665
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,442,844
b Net investment income (if negative, enter -0-) 5,314,041
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......... 11,370,655 12,601,699 12,601,699
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.......... 11,603    
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 arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 130,238,389 Click to see attachment
List of Attached Documents:
// Content
134,477,022 		150,750,334
14 Land, buildings, and equipment: basis right arrow27,617
Less: accumulated depreciation (attach schedule) right arrow21,571 12,022 Click to see attachment
List of Attached Documents:
// Content
6,046 		6,046
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,000 		Click to see attachment
List of Attached Documents:
// Content
1,000 		Click to see attachment
List of Attached Documents:
// Content
1,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 141,633,669 147,085,767 163,359,079
Liabilities 17 Accounts payable and accrued expenses..........    
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) Click to see attachment
List of Attached Documents:
// Content
10,997 		Click to see attachment
List of Attached Documents:
// Content
20,184
23 Total liabilities (add lines 17 through 22)......... 10,997 20,184
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 141,622,672 147,065,583
29 Total net assets or fund balances (see instructions)..... 141,622,672 147,065,583
30 Total liabilities and net assets/fund balances (see instructions). 141,633,669 147,085,767
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
141,622,672
2
Enter amount from Part I, line 27a .....................
2
5,442,844
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
67
4
Add lines 1, 2, and 3 ..........................
4
147,065,583
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
147,065,583
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 THORNBURG BETTER WORLD INTL     2023-12-31
b BRIDGEWAY     2023-12-31
c BROADSTONE NET LEASE     2023-12-31
d VULCAN VALUE PARTNERS     2023-12-31
e THORNBURG LTD TERM US GOVT     2023-12-31
CAPITAL GAINS DIVIDENDS P    
(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 6,200,000   4,720,070 1,479,930
b 3,176,421   4,120,380 -943,959
c 1,702,701   2,092,698 -389,997
d 2,622,797   3,118,080 -495,283
e 6,200,000   6,200,000 0
336,587     336,587
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       1,479,930
b       -943,959
c       -389,997
d       -495,283
e       0
      336,587
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 -12,722
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 73,865
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 73,865
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 73,865
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 11,729
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 65,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 76,729
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
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 2,864
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow2,864 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
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 arrowNM
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.THORNBURGFOUNDATION.ORG
14
The books are in care ofright arrowALLAN OLIVER Telephone no.right arrow (505) 467-7919

Located atright arrow2300 N RIDGETOP RDSANTA FENM ZIP+4right arrow87506
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
 
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
GARRETT THORNBURG PRESIDENT
3.00 		0 0 0
2300 N RIDGETOP RD
SANTA FE,NM87506
LLOYD THORNBURG DIRECTOR
1.00 		0 0 0
2300 N RIDGETOP RD
SANTA FE,NM87506
ELLIOT THORNBURG DIRECTOR
1.00 		0 0 0
2300 N RIDGETOP RD
SANTA FE,NM87506
ALON KASHA DIRECTOR
1.00 		0 0 0
2300 N RIDGETOP RD
SANTA FE,NM87506
ALLAN OLIVER EXECUTIVE DIRECTOR
40.00 		245,268 20,895 0
2300 N RIDGETOP RD
SANTA FE,NM87506
FRED NATHAN DIRECTOR/SECRETARY
1.00 		0 0 0
2300 N RIDGETOP RD
SANTA FE,NM87506
BRIAN BOYD DIRECTOR
1.00 		0 0 0
2300 N RIDGETOP RD
SANTA FE,NM87506
BLAIR NAYLOR DIRECTOR/VICE PRESIDENT
1.00 		0 0 0
2300 N RIDGETOP RD
SANTA FE,NM87506
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
PATRICK MCCARTHY POLICY OFFICER
40.00 		133,671 40,499 0
2300 N RIDGETOP RD
SANTA FE,NM87506
STEVEN M WEINBERG II POLICY OFFICER
40.00 		146,715 17,134 0
2300 N RIDGETOP RD
SANTA FE,NM87506
JAREL L HILL EMPLOYEE
40.00 		137,165 5,094 0
2300 N RIDGETOP RD
SANTA FE,NM87506
LESLIE GARCIA ADMIN DIRECTOR
40.00 		93,114 25,270 0
2300 N RIDGETOP RD
SANTA FE,NM87506
DAVE NEZZIE POLICY OFFICER
40.00 		90,160 20,376 0
2300 N RIDGETOP RD
SANTA FE,NM87506
Total number of other employees paid over $50,000...................right arrow 1
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 LLC INVESTMENT ADVISORY 118,755
PO BOX 412015
BOSTON,MA02241
CK BLUESHIFT LLC CONSULTING - WATER MANAGEMENT 64,155
909 W FILLMORE ST
PHOENIX,AZ85007
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
111,970,429
b
Average of monthly cash balances.......................
1b
5,553,512
c
Fair market value of all other assets (see instructions)................
1c
35,238,229
d
Total (add lines 1a, b, and c).........................
1d
152,762,170
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
152,762,170
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,291,433
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
150,470,737
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,523,537
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
7,523,537
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
73,865
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
13,044
c
Add lines 2a and 2b............................
2c
86,909
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,436,628
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
7,436,628
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
7,436,628
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
7,156,665
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
7,156,665
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 7,436,628
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,391,912
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 7,156,665
a Applied to 2022, but not more than line 2a 2,391,912
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..... 4,764,753
e Remaining amount distributed out of corpus 0
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 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...... 		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 .......... 		2,671,875
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....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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).)
GARRETT THORNBURG
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

AMERICAN CIVIL LIBERTIES UNION OF NEW MEXICO

PO BOX 566
ALBUQUERQUE,NM871030566 		NONE PC GENERAL OPERATIONS 20,000

AMIGOS BRAVOS

PO BOX 238
TAOS,NM87571 		NONE PC NM WATER POLICY AND WATERSHED RESILIENCE PROJECT 50,000

BANDELIER ELEMENTARY

3309 PERSHING AVE SE
ALBUQUERQUE,NM87106 		NONE PC EDUCATION PROGRAM 2,000

BIG BROTHERS BIG SISTERS MTN REGION

1229 S ST FRANCIS DRIVE SUITE C
SANTA FE,NM87505 		NONE PC GENERAL OPERATIONS 10,000

BIRD CONSERVANCY OF THE ROCKIES

14500 LARK BUNTING LN
BRIGHTON,CO80603 		NONE PC COLLABORATIVE CONSERVATION TO ENHANCE WORKING RANGELANDS (GRASSLANDS) IN NORTHEASTERN NM 30,000

CAREER GUIDANCE INSTITUTE

400 TIJERAS AVE NW SUITE 100
ALBUQUERQUE,NM87102 		NONE PC IMPROVING SCHOOL LEADERSHIP IN NM PHASE I AND III 145,000

CASA (COURT APPOINTED SPECIAL ADVOCATES FOR CHILDREN)

466 W SAN FRANCISCO ST
SANTA FE,NM87501 		NONE GOV GENERAL OPERATIONS 5,000

CATALYST EDUCATION

839 WEBSTER ST
NEW ORLEANS,LA70118 		NONE PC SUPPORTING NM PED'S STRATEGIC PRIORITIES 42,400

CENTER OF SOUTHWEST CULTURE INC

505 MARQUETTE AVE NW STE 1610
ALBUQUERQUE,NM87102 		NONE PC CODECE - REGENERATIVE CONSERVATION TRAINING AND SUPPORT 25,000

CENTER OF SOUTHWEST CULTURE INC

505 MARQUETTE AVE NW STE 1610
ALBUQUERQUE,NM87102 		NONE PC PUEBLO RESURGENTS CULTIVAT(ED) PROGRAM 20,000

CHAMA PEAK LAND ALLIANCE

PO BOX 159
CHROMO,CO81128 		NONE PC GENERAL OPERATIONS 50,000

CLAREMONT MCKENNA COLLEGE

400 N CLAREMONT BLVD
CLAREMONT,CA917119845 		NONE PC GENERAL OPERATIONS 25,000

CLIMATE CHANGE LEADERSHIP INSTITUTE

911 STAGECOACH RD
SANTA FE,NM87501 		NONE PC ADVANCING HEALTHY SOIL AND REGENERATIVE AG IN NM 30,000

COMMON CAUSE EDUCATION FUND

805 FIFTHTEENTH STREET NW SUITE 800
WASHINGTON,DC20005 		NONE PC THE NEW MEXICO PLEDGE FOR GOOD GOVERNMENT 150,000

COMMON CAUSE EDUCATION FUND

805 FIFTHTEENTH STREET NW SUITE 800
WASHINGTON,DC20005 		NONE PC GENERAL OPERATIONS 100,000

COMMUNITIES IN SCHOOLS OF NM - SANTA FE

PO BOX 367
SANTA FE,NM875040367 		NONE PC GENERAL OPERATIONS 20,000

CONNECTED

2150 SHATTUCK AVE STE 750
BERKELEY,CA94704 		NONE PC FOUR CORNERS COLLEGE AND CAREER PATHWAYS PARTNERSHIP 80,000

COOPERATIVE EDUCATIONAL SERVICES

PO BOX 81045
ALBUQUERQUE,NM87198 		NONE PC SIX- YEAR STUDY OF TRANSFORMATIVE CHANGE IN NM SCHOOLS 50,000

COOPERATIVE EDUCATIONAL SERVICES

PO BOX 81045
ALBUQUERQUE,NM87198 		NONE PC PRINCIPAL PREP WORK GROUP 12,600

COVENANT PATHWAYS

PO BOX 455
VANDERWAGON,NM87326 		NONE PC INCREASING SOIL HEALTH CAPACITY IN LOCAL NATIVE COMMUNITIES 25,000

DUAL LANGUAGE EDUCATION OF NEW MEXICO

700 LOMAS BLVD NE BUILDING 2 SUITE
204
ALBUQUERQUE,NM87102 		NONE PC TO INCREASE THE QUANTITY AND EFFECTIVENESS OF BILINGUAL EDUCATORS IN NM 50,000

ECDYSIS FOUNDATION

46958 188TH STREET
ESTELLINE,SD57234 		NONE PC 1,000 FARMS INITIATIVE 25,000

ELECTION REFORMERS NETWORK

7600 WISCONSIN AVENUE SUITE 1010
BETHESDA,MD20184 		NONE PC REDISTRICTING EFFORTS AND STAKEHOLDER ENGAGEMENT IN NM 110,000

ELECTION REFORMERS NETWORK

7600 WISCONSIN AVENUE SUITE 1010
BETHESDA,MD20184 		NONE PC MEASURING PARTISAN GERRYMANDERING: APPLYING THE KAGAN PRINCIPLES IN NM 50,000

ESPERANZA SHELTER

3130 RUFINA ST
SANTA FE,NM875072933 		NONE PC GENERAL OPERATIONS 20,000

ESPERANZA SHELTER

3130 RUFINA ST
SANTA FE,NM875072933 		NONE PC HOLIDAY SHELTER PARTY 10,000

FARM TO TABLE

518 OLD SANTA FE TRAIL STE 1 BOX
171
SANTA FE,NM875050398 		NONE PC ADVANCING NM FOOD AND AG INITIATIVES 30,000

FII-NATIONAL (UPTOGETHER)

PO BOX 71363
OAKLAND,CA94612 		NONE PC RACIAL JUSTICE/GENERAL OPERATIONS 25,000

FILM PRIZE JR NM

PO BOX 2301
RANCHOS DE TAOS,NM87557 		NONE PC GENERAL OPERATIONS 10,000

FOOD DEPOT

1225 A SILER ROAD
SANTA FE,NM87507 		NONE PC GENERAL OPERATIONS 20,000

FRIENDS OF FONDATION DE FRANCE

31 WEST 34TH STREET 7TH FLOOR 7010
NEW YORK,NY10001 		NONE PC GENERAL OPERATIONS 25,000

FUTURE FOCUSED EDUCATION

200 BROADWAY NE
ALBUQUERQUE,NM87102 		NONE PC INNOVATION ZONE STRATEGY 60,000

GERARD'S HOUSE

PO BOX 28693
SANTA FE,NM87592 		NONE PC GENERAL OPERATIONS 10,000

GIRLS INC OF SANTA FE

301 HILLSIDE AVE
SANTA FE,NM87501 		NONE PC GENERAL OPERATIONS 10,000

GOLDEN APPLE FOUNDATION

901 W JACKSON BLVD SUITE 205
CHICAGO,IL60607 		NONE PC TO SUPPORT TEACHER RESIDENCIES ACROSS NM AT BOTH THE UNDERGRADUATE AND GRADUATE LEVELS 100,000

GROUNDWORKS NEW MEXICO

PO BOX 70126
ALBUQUERQUE,NM87197 		NONE PC OPERATIONAL GRANT 30,000

HARVARD BUSINESS SCHOOL

PO BOX 412275
BOSTON,MA022412275 		NONE PC GENERAL OPERATIONS 25,000

HOLISTIC MANAGEMENT INTERNATIONAL

2425 SAN PEDRO DR NE SUITE A
ALBUQUERQUE,NM871104078 		NONE PC REGENERATING AGRICULTURE IN NM THROUGH HOLISTIC MANAGEMENT 2023 50,000

HOMEWISE

1301 SILER ROAD BLDG D
SANTA FE,NM87507 		NONE PC COMMON GROUND PROJECT - TO DEVELOP DIVERSE COALITIONS TO ADVOCATE FOR EDUCATION BEST PRACTICES 40,000

INSTITUTE OF AMERICAN ACUPUNCTURE AND LIFE MEDICINE

443 N NEW BALLAS RD SUITE 224
ST LOUIS,MO63141 		NONE PC GENERAL OPERATIONS 5,000

ISSUE ONE

1401 K STREET NW SUITE 350
WASHINGTON,DC20005 		NONE PC NM MODERNIZATION AND POLITICAL REFORM PROJECT 50,000

KBFUS AMERICAN FRIENDS OF INSTITUT CURIEPEDIATRICS

10 ROCKERFELLER PLAZA 16TH FLOOR
NEW YORK,NY10020 		NONE PC GENERAL OPERATIONS 25,000

KITCHEN ANGELS

1222 SILER ROAD
SANTA FE,NM875074106 		NONE PC GENERAL OPERATIONS 20,000

KUNM-FM

MSC06-3520 ONATE HALL 1 UNIVERSITY
OF NEW MEXICO
ALBUQUERQUE,NM871310001 		NONE PC GENERAL OPERATIONS 5,000

LA CUEVA HIGH SCHOOL

7801 WILSHIRE NE
ALBUQUERQUE,NM87122 		NONE PC EDUCATION PROGRAM 1,000

LA FAMILIA MEDICAL CENTER

1035 ALTO STREET
SANTA FE,NM87501 		NONE PC GENERAL OPERATIONS 20,000

LA SEMILLA FOOD CENTER

PO BOX 2579
ANTHONY,NM88021 		NONE PC PASEO DEL NORTE FOOD AND FARM FUND PILOT 50,000

LEAGUE OF WOMEN VOTERS OF NEW MEXICO EDUCATION FUND

6739 ACADEMY RD NE SUITE 124
ALBUQUERQUE,NM871093352 		NONE PC FAIR DISTRICTS AND FAIR ELECTIONS 60,000

LINCOLN INSTITUTE OF LAND POLICY

11010 N TATUM BLVD- D 101
PHOENIX,AZ85028 		NONE PC WATER AND TRIBES INITIATIVE 25,000

LOS ALAMOS NATIONAL LABORATORY FOUNDATION

1112 PLAZA DEL NORTE
ESPANOLA,NM87532 		NONE PC PRINCIPAL RESIDENCY COMMUNITY OF PRACTICE 40,000

LOS ALAMOS NATIONAL LABORATORY FOUNDATION

1112 PLAZA DEL NORTE
ESPANOLA,NM87532 		NONE PC PATHWAYS TO OPPORTUNITY: LEVERAGING INVESTMENTS FOR UNDERREPRESENTED YOUTH AND YOUNG ADULTS 50,000

MANDY'S FARM

7511 4TH ST NW
LOS RANCHOS,NM87105 		NONE PC AGRABILITY APPRENTICESHIP PROGRAM 25,000

MAY CENTER FOR LEARNING

1200 OLD PECOS TRAIL
SANTA FE,NM87505 		NONE PC GENERAL OPERATIONS 5,000

MEDECINS SANS FRONTIERAS

40 RECTOR STREET 16TH FLOOR
NEW YORK,NY100061705 		NONE PC GENERAL OPERATIONS 10,000

NANTUCKET HISTORICAL ASSOCIATION

15 BROAD STREET
NANTUCKET,MA02554 		NONE PC GENERAL OPERATIONS 5,000

NATIONAL AUDUBON SOCIETY

225 VARICK STREET 7TH FLOOR
NEW YORK,NY10014 		NONE PC AUDUBON SOUTHWEST - BUILDING A RESILIENT WATER FUTURE FOR NM 75,000

NATIONAL CENTER FOR FRONTIER COMMUNITIES

301 W COLLEGE AVE STE 8
SILVER CITY,NM88061 		NONE PC REIGNITING THE SWNM FOOD POLICY COUNCIL FOR NEW GENERATION 25,000

NATIONAL CENTER ON TEACHER QUALITY

1032 15TH STREET NW 242
WASHINGTON,DC20005 		NONE PC REVIEW OF CLINICAL PRACTICE STANDARDS 50,000

NATIONAL CONFERENCE OF STATE LEGISLATURES

7700 EAST FIRST PLACE
DENVER,CO80230 		NONE PC REDISTRICTING AND CENSUS RECAP: LESSONS FROM 2020 25,000

NATIONAL CONFERENCE OF STATE LEGISLATURES

7700 EAST FIRST PLACE
DENVER,CO80230 		NONE GOV REDISTRICTING AND CENSUS RECAP: LESSONS FROM 2020 25,000

NATIONAL COUNCIL ON TEACHER QUALITY

1032 15TH STREET NW 242
WASHINGTON,DC20005 		NONE PC IMPROVE ELEMENTARY STUDENT READING OUTCOMES IN NM THROUGH HIGH QUALITY TEACHER PREP 50,000

NATIONAL YOUNG FARMERS COALITION

418 BROADWAY
ALBANY,NY11207 		NONE PC BUILDING YOUNG FARMER LEADERS IN NEW MEXICO 60,000

NATIONAL YOUNG FARMERS COALITION

418 BROADWAY
ALBANY,NY11207 		NONE PC BUILDING YOUNG FARMER LEADERS IN NEW MEXICO 15,000

NDI-NM

1140 ALTO STREET
SANTA FE,NM87501 		NONE PC GENERAL OPERATIONS 150,000

NEW MEXICO ASSOCIATION OF CONSERVATION DISTRICTS

163 TRAIL CANYON RD
CARLSBAD,NM88220 		NONE PC FUNDING AND TECHNICAL ASSISTANCE FOR NM AGRICULTURE PRODUCERS 75,000

NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY

500 MARQUETTE AVE NW STE 300
ALBUQUERQUE,NM87102 		NONE PC COMMISSION TO IMPROVE EDUCATION FOR A VIBRANT NM BY NEW MEXICANS FOR NEW MEXICO'S FUTURE 40,000

NEW MEXICO COALITION TO END HOMELESSNESS

440 CERRILLOS RD 4
SANTA FE,NM87501 		NONE PC HOMELESSNESS - OPERATIONAL - PUBLIC EDUCAITON 30,000

NEW MEXICO COALITION TO END HOMELESSNESS

440 CERRILLOS RD 4
SANTA FE,NM87501 		NONE PC BUILT FOR ZERO LEARNING SESSIONS 2023 15,000

NEW MEXICO ENVIRONMENTAL LAW CENTER

1405 LUISA ST 5
SANTA FE,NM87505 		NONE PC GENERAL OPERATIONS 10,000

NEW MEXICO FARMERS' MARKETING ASSOCIATION

1219 LUISA ST 1
SANTA FE,NM87505 		NONE PC NMFMA GRANT 3/3 PAYMENTS 78,850

NEW MEXICO FOUNDATION

8 CALLE MEDICO
SANTA FE,NM87505 		NONE PC SPONSORSHIP FOR NMF'S 40TH ANNIVERSARY CELEBRATION 2,500

NEW MEXICO FOUNDATION

8 CALLE MEDICO
SANTA FE,NM87505 		NONE PC NEW MEXICO FOUNDATION (FISCAL SPONSOR FOR THE GREENROOTS INSTITUTE) 35,000

NEW MEXICO FOUNDATION

8 CALLE MEDICO
SANTA FE,NM87505 		NONE PC NATIVE AMERICAN RECOVERY FUND ZONE GRANT 50,000

NEW MEXICO IN DEPTH

7820 ENCHANTED HILLS BLVD STE A-137
RIO RANCHO,NM87144 		NONE PC GOOD GOVERNMENT REPORTING PROJECT 100,000

NEW MEXICO OPEN ELECTIONS

924 PARK AVENUE SW PH6
ALBUQUERQUE,NM87102 		NONE PC TOWN HALL SERIES HIGHLIGHTING GOOD GOVERNMENT REFORMS 25,000

NEW MEXICO SCHOOL FOR THE ARTS - A1

500 MONTEZUMA SUITE 200
SANTA FE,NM87501 		NONE PC GENERAL OPERATIONS -2ND INSTALLMENT 100,000

NEW MEXICO SCHOOL FOR THE ARTS - A1

500 MONTEZUMA SUITE 200
SANTA FE,NM87501 		NONE PC GENERAL OPERATIONS - 1ST INSTALLMENT 100,000

NEW MEXICO SCHOOL FOR THE ARTS - A1

500 MONTEZUMA SUITE 200
SANTA FE,NM87501 		NONE PC LEADERSHIP SUPPORT GRANT 93,750

NEW MEXICO STATE UNIVERSITY FOUNDATION

PO BOX 3590
LAS CRUCES,NM88003 		NONE PC SOUTHWEST GRAIN COLLABORATIVE 25,000

NEW MEXICO STATE UNIVERSITY FOUNDATION

PO BOX 3590
LAS CRUCES,NM88003 		NONE PC NM LAND LINK PROGRAM 50,000

NEW MEXICO STATE UNIVERSITY FOUNDATION

PO BOX 3590
LAS CRUCES,NM88003 		NONE PC INTEGRATED SYSTEMS STRATEGIC FALLOWING FOR SUSTAINABLE WATER AND THRIVING AG (TWO YEAR GRANT -05/2021) 25,000

NEW MEXICO SUICIDE INTERVENTION PROGRAM

PO BOX 6004
SANTA FE,NM87502 		NONE PC GENERAL OPERATIONS 10,000

NEW MEXICO TECH FOUNDATION

801 LEROY PLACE
SOCORRO,NM87801 		NONE PC LEADERSHIP AND TECHNICAL SUPPORT TO ADDRESS NM GROUNDWATER CHALLENGES 70,000

NEW MEXICO TECH FOUNDATION

801 LEROY PLACE
SOCORRO,NM87801 		NONE PC WATER PROGRAMS STIMULUS: LEADING THE WAY ON WATER EDUCATION AND APPLIED SCIENCE FOR NM 125,000

NEW MEXICO WATER DIALOGUE

1010 CALLE FELIZ
SANTA FE,NM87507 		NONE PC DOLLARS FOR DOERS 1,000

NM FOUNDATION FOR OPEN GOVERNMENT

2333 WISCONSIN ST NE
ALBUQUERQUE,NM87110 		NONE PC TRANSPARENCY, ACCOUNTABILITY AND AN EMPOWERED ELECTORATE 45,000

OCEANA INC

1025 CONNECTICUT AVE SUITE 200
WASHINGTON,DC20036 		NONE PC GENERAL OPERATIONS 5,000

OGALLALA COMMONS

919 MAIN STREET
SPRINGFIELD,CO81073 		NONE PC VALUES BASED SUPPLY CHAIN IN THE CANADIAN RIVER FOODSHED 15,000

OPENSECRETS

1100 13TH STREET NW SUITE 800
WASHINGTON,DC20005 		NONE PC SHEDDING LIGHT ON DARK MONEY AND EXPLORING THE ROLE OF SMALL DONORS 25,000

PALLIATIVE & SUPPORTIVE CARE OF NANTUCKET

PO BOX 3541
NANTUCKET,MA02584 		NONE PC GENERAL OPERATIONS 2,500

PARTNERS IN EDUCATION (ADELANTE PROGRAM)

1300 CAMINO SIERRA VISTA
SANTA FE,NM875051007 		NONE PC GENERAL OPERATIONS 20,000

PIPER AND PROTEUS FUNDS

15 RESEARCH DRIVE SUITE B
AMHERST,MA01002 		NONE PC BUILDING A HEALTHY DEMOCRACY 50,000

POLK MIDDLE SCHOOL

2220 RAYMAC RD SW
ALBUQUERQUE,NM87105 		NONE PC EDUCATION PROGRAM 1,000

PREPARED TO TEACH ROCKEFELLER PHILANTHROPY ADVISORS

6 WEST 48TH STREET
NEW YORK,NY10036 		NONE PC TO PROVIDE TECHNICAL ASSISTANCE FOR TEACHER RESIDENCY PROGRAMS AT NM COLLEGES OF EDUCATION 175,000

PROSTATE CANCER SUPPORT ASSOCIATION OF NEW MEXICO

2533 VIRGINIA ST NE STE C
ALBUQUERQUE,NM87110 		NONE PC DOLLARS FOR DOERS PROGRAM 1,000

PUEBLO OF SANTA ANA

02 DOVE ROAD
SANTA ANA PUEBLO,NM87004 		NONE GOV RIO GRANDE BASIN STUDY TRIBAL SECTORAL COMMITTEE SUPPORT 33,000

READING QUEST

991 CAMINO CONSUELO
SANTA FE,NM87507 		NONE PC BRIDGE GRANT 25,000

READING QUEST

991 CAMINO CONSUELO
SANTA FE,NM87507 		NONE PC GENERAL OPERATIONS 25,000

RHIZOME

1403 NE 82ND ST
SEATTLE,WA98115 		NONE PC ESTABLISH CHAPTER OF THE CIVIC SERVICE FELLOWSHIP IN NM 10,000

RHODE ISLAND SCHOOL OF DESIGN

2 COLLEGE STREET
PROVIDENCE,RI02903 		NONE PC GENERAL OPERATIONS 25,000

RIO GRANDE HIGH SCHOOL

2300 ARENAL RD SW
ALBUQUERQUE,NM87105 		NONE PC EDUCATION PROGRAM 1,000

RIO GRANDE RETURN

1704B LLANO ST 347
SANTA FE,NM87505 		NONE PC WATERSHED AND RIPARIAN RESTORATION 85,000

ROADRUNNER FOOD BANK

5840 OFFICE BLVD NE
ALBUQUERQUE,NM871095819 		NONE PC GENERAL OPERATIONS 20,000

ROCKY MOUNTAIN PLANNED PARENTHOOD INC

7155 E 38TH AVENUE
DENVER,CO80207 		NONE PC GENERAL OPERATIONS 25,000

RURAL COMMUNITY ASSISTANCE CORPORATION

3120 FREEBOARD DRIVE SUITE 201
SACRAMENTO,CA95691 		NONE PC STRENGTHENING REGIONAL COLLABORATION AMONG PUBLIC WATER SYSTEMS IN NORTHERN NM 75,000

SANTA FE BOYS AND GIRLS CLUB

PO BOX 29805
SANTA FE,NM87592 		NONE PC DOLLARS FOR DOERS PROGRAM 1,000

SANTA FE COMMUNITY FOUNDATION

501 HALONA STREET
SANTA FE,NM87505 		NONE PC PURSUING FEDERAL FUNDING PROGRAM 80,000

SANTA FE COMMUNITY FOUNDATION

501 HALONA STREET
SANTA FE,NM87505 		NONE PC SANTA FE DATA PLATFORM 50,000

SANTA FE COMMUNITY FOUNDATION

501 HALONA STREET
SANTA FE,NM87505 		NONE PC NM LOCAL NEWS FUND 75,000

SANTA FE COMMUNITY FOUNDATION

501 HALONA STREET
SANTA FE,NM87505 		NONE PC HOMELESSNESS - BUILT FOR ZERO DATA PROJECT 45,234

SANTA FE COMMUNITY FOUNDATION

501 HALONA STREET
SANTA FE,NM87505 		NONE PC S3 SANTA FE HOUSING INITIATIVE 125,000

SANTA FE PREPARATORY SCHOOL

1101 CAMINO DE LA CRUZ BLANCA
SANTA FE,NM87505 		NONE PC GENERAL OPERATIONS 50,000

SANTA FE SCHOOL FOR THE ARTS & SCIENCES

5912 JAGUAR DRIVE
SANTA FE,NM87507 		NONE PC $1000 DOLLARS FOR DOERS $1000 EDUCATION PROGRAM 2,000

SCHOOL YEAR ABROAD

120 WATER STREET SUITE 310
NORTH ANDOVER,MA01845 		NONE PC GENERAL OPERATIONS 5,000

SHATTUCK-ST MARY'S SCHOOL

PO BOX 218
FAIRBULT,MN55021 		NONE PC GENERAL OPERATIONS 25,000

SOLACE SEXUAL ASSAULT SERVICES

6601 VALENTINE WAY
SANTA FE,NM87507 		NONE PC GENERAL OPERATIONS 10,000

SOUTHWEST LEARNING CENTER INC (GREEN FIRE TIMES)

PO BOX 8627
SANTA FE,NM875048627 		NONE PC TO SUPPORT THE LOCAL GREEN FIRE TIMES PUBLICATION 5,000

ST ELIZABETH'S SHELTER

804 ALARID
SANTA FE,NM875053040 		NONE PC GENERAL OPERATIONS 20,000

ST ELIZABETH'S SHELTER

804 ALARID
SANTA FE,NM875053040 		NONE PC HOLIDAY SHELTER PARTY 10,000

ST JOHN'S COLLEGE

1160 CAMINO CRUZ BLANCA
SANTA FE,NM87505 		NONE PC GENERAL OPERATIONS 20,000

TEACH PLUS

ONE BEACON STREET 15TH FLOOR
BOSTON,MA02210 		NONE PC TO TRAIN AND SUPPORT EXCEPTIONAL TEACHERS TO LEAD STATEWIDE ADVOCACY 75,000

THE INTERFAITH COMMUNITY SHELTER

PO BOX 22653
SANTA FE,NM875022653 		NONE PC GENERAL OPERATIONS 20,000

THE LIFE LINK INC

2325 CERRILLOS ROAD
SANTA FE,NM87501 		NONE PC GENERAL OPERATIONS 10,000

THE QUIVIRA COALITION

1413 SECOND ST SUITE 1
SANTA FE,NM87505 		NONE PC THE QUIVIRA COALITION CORE PROGRAM SUPPORT 60,000

THEODORE ROOSEVELT CONSERVATION PARTNERSHIP

529 14TH ST NW SUITE 500
WASHINGTON,DC20045 		NONE PC STRENGTHENING WATERSHED AND CLIMATE RESILIENCY POLICY SOLUTIONS IN NM 100,000

THINK NEW MEXICO

1227 PASEO DEL PERALTA
SANTA FE,NM87501 		NONE PC GENERAL OPERATIONS 10,000

THINK NEW MEXICO

1227 PASEO DEL PERALTA
SANTA FE,NM87501 		NONE PC GENERAL OPERATIONS 15,000

THREE SISTERS KITCHEN

109 GOLD AVE SW
ALBUQUERQUE,NM87102 		NONE PC DOWNTOWN LOCAL FOOD CAMPUS PLANNING 10,000

TULANE UNIVERSITY

PO BOX 61075
NEW ORLEANS,LA701619986 		NONE PC GOLDMAN CENTER FOR STUDENT ACCESSIBILITY 25,000

UNIVERSITY OF COLORADO FOUNDATION

4845 PEARL EAST CIRCLE SUITE 300
BOULDER,CO80301 		NONE PC WATER DESK 50,000

UNM FOUNDATION

700 LOMAS BLVD STE 108
ALBUQUERQUE,NM87102 		NONE PC STATE AND LOCAL GOVERNMENT JOURNALISM PARTNERSHIP 100,000

UNM FOUNDATION

700 LOMAS BLVD STE 108
ALBUQUERQUE,NM87102 		NONE PC NM STATE LEGISLATIVE GRADUATE FELLOWSHIP 69,883

UNM FOUNDATION

700 LOMAS BLVD STE 108
ALBUQUERQUE,NM87102 		NONE PC HARNER AWARD 2023 60,000

WATER FINANCE EXCHANGE

1455 PENNSYLVANIA AVE SUITE 400
WASHINGTON,DC20004 		NONE PC NM WATER AND WASTEWATER INFRASTRUCTURE OPPORTUNITIES WORKSHOP SERIES 50,000

WATER FOUNDATION

555 CAPITOL MALL SUITE 1155
SACRAMENTO,CA95814 		NONE PC WATER TABLE FUNDER COLLABORATIVE 50,000

WESTERN LANDOWNERS ALLIANCE

PO BOX 27798
DENVER,CO80227 		NONE PC NEW MEXICO LAND STEWARDSHIP INITIATIVE, PHASE 9 175,000

WESTERN RESOURCE ADVOCATES

2260 BASELINE ROAD SUITE 200
BOULDER,CO80302 		NONE PC IMPROVING WATER GOVERNANCE AND RIVER PROTECTION IN NM 75,000

WESTERN STATES WATER COUNCIL

682 EAST VINE STREET SUITE 7
MURRAY,UT841075501 		NONE PC OPTIMIZING FEDERAL FUNDING FOR PRIORITY WATER INITIATIVES AND PROJECTS IN NM 100,000

WILLIAM'S COLLEGE

75 PARK STREET
WILLIAMSTOWN,MA012672141 		NONE PC GENERAL OPERATIONS 25,000

YOUTH SHELTERS & FAMILY SERVICES INC

PO BOX 28279
SANTA FE,NM87592 		NONE PC GENERAL OPERATIONS 20,000

YOUTHWORKS

1000 CORDOVA PLACE 415
SANTA FE,NM87505 		NONE PC GENERAL OPERATIONS 15,000
Total .................................right arrow 3a 5,825,717
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 1,573  
4 Dividends and interest from securities ....     14 2,936,216  
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 ............ 		    18 -12,722  
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 2,925,067 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,925,067
(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
THORNBURG FOUNDATION
 
Employer identification number

85-0457010
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
THORNBURG FOUNDATION
  		Employer identification number
85-0457010
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
GARRETT THORNBURG
2300 N RIDGETOP RD
 
SANTA FE, NM87506

$ 10,000,000


(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
THORNBURG FOUNDATION
  		Employer identification number

85-0457010
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
THORNBURG FOUNDATION
  		Employer identification number

85-0457010
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:
THORNBURG FOUNDATION
EIN:
85-0457010
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 21,915 0   0

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

TY 2023 DepreciationSchedule
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
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
COMPUTER EQUIPMENT 2019-06-25 12,983 9,089 SL 5.000000000000 2,597 0    
COMPUTER EQUIPMENT 2021-03-10 2,422 888 SL 5.000000000000 484 0    
COMPUTER EQUIPMENT 2021-06-09 2,525 800 SL 5.000000000000 505 0    
COMPUTER EQUIPMENT 2022-01-01 7,975 1,528 SL 5.000000000000 1,595 0    
COMPUTER EQUIPMENT 2022-01-01 4,308 862 SL 5.000000000000 862 0    

TY 2023 InvestmentsOtherSchedule2
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
1315 CAPITAL AT COST 109,275 104,038
ACREW CAPITAL FUND II AT COST 605,885 500,380
ACREW CAPITAL FUND II BLOCKER AV AT COST 11,665 15,813
ECLIPSE EARLY GROWTH FUND AT COST 637,500 697,707
FTV VI LP AT COST 1,447,500 2,238,895
FTV VII LP AT COST 690,000 690,006
GLENMEDE PRIVATE INVESTMENT FD IX AT COST 4,414,573 7,267,568
GLENMEDE PRIVATE INVESTMENT FD VIII AT COST 3,579,779 5,882,271
GLENMEDE PRIVATE INVESTMENT FD X AT COST 3,714,736 7,423,173
K5 PRIVATE INVESTORS LP AT COST 1,051,482 1,197,384
KAINOS CAPITAL PARNTERS III LP AT COST 580,979 717,331
KPS SPECIAL SITUTATIONS FUND V AT COST 1,137,444 1,400,289
LEAD EDGE CAPITAL VI LP AT COST 274,202 385,299
LINDEN CAPITAL PARTNERS V-A-LP AT COST 281,566 587,318
LINDEN CO-INVESTMENT V-A-LP AT COST 111,317 281,190
RIVERSIDE CAPITAL APPRECIATION FUND VI AT COST 1,108,188 339,419
RIVERSIDE MICRO-CAP V AT COST 1,556,566 2,127,631
SCHWAB FIXED INCOME FUND AT COST 276,086 523,429
SL CAPITAL SOF I LP AT COST 0 136,028
THIRD POINT OFFSHORE FUND AT COST 2,000,000 1,959,395
THIRD POINT STRUCTURED CREDIT OPPS OFFSHOR FUND LP AT COST 2,000,000 2,483,753
THOMA BRAVO GROWTH FUND A AT COST 740,858 561,266
THORNBURG BETTER WORLD INT'L AT COST 6,907,700 7,147,171
THORNBURG DEVELOPING WORLD FUND AT COST 4,140,301 4,891,166
THORNBURG GLOBAL OPPORTUNITIES FUND AT COST 6,509,691 8,942,573
THORNBURG INCOME BUILDER FUND AT COST 10,343,585 12,140,025
THORNBURG INTERNATIONAL EQUITY FUND AT COST 7,149,677 6,729,071
THORNBURG INTERNATIONAL GROWTH FUND AT COST 4,476,264 5,694,365
THORNBURG LTD TERM INCOME FUND AT COST 6,300,000 5,756,138
THORNBURG LTD TERM US GOVT FUND AT COST 25,371,348 28,416,427
THORNBURG SMALL / MID CAP GROWTH FUND AT COST 6,135,126 5,002,980
THORNBURG SMALL CAP CORE FUND AT COST 6,710,917 6,932,849
THORNBURG STRATEGIC INCOME FUND AT COST 7,021,102 6,627,262
THORNBURG SUMMIT FUND AT COST 6,409,532 7,293,123
TRANSFORMATION CAPITAL II LP AT COST 942,667 1,186,245
TRANSFORMATION CAPITAL III LP AT COST 236,409 273,094
TRUEBRIDGE CAPITAL PARTNERS FUND VIII AT COST 30,000 10,058
VANGUARD 500 INDEX AT COST 5,662,562 6,188,204
OTHER ASSETS AT COST 3,800,540 0

TY 2023 LandEtcSchedule2
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER EQUIPMENT 12,983 11,686 1,297  
COMPUTER EQUIPMENT 2,422 1,372 1,050  
COMPUTER EQUIPMENT 2,525 1,305 1,220  
COMPUTER EQUIPMENT 7,975 3,123 4,852  
COMPUTER EQUIPMENT 4,308 1,724 2,584  


TY 2023 LegalFeesSchedule
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 1,748 0   0


TY 2023 OtherAssetsSchedule
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSITS/PREPAID EXPENSES 1,000 1,000 1,000


TY 2023 OtherExpensesSchedule
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 2,059 0   0
COMPUTER/SOFTWARE EXPENSES 22,674 0   0
DUES & SUBSCRIPTIONS 32,264 0   30,269
INSURANCE 7,986 0   0
INVESTMENT CUSTODY&MGMT FEE 118,755 118,755   0
OFFICE EXPENSES 10,034 0   2,397
OTHER EXPENSES 583 0   196


TY 2023 OtherIncomeSchedule2
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
1315 CAPITAL   -24,795  
ACREW CAPITAL FUND II LP   -27,063  
CA RESOURCES FUND (U.S. TAX-EXEMPT), L.P. - SERIES KPS SPECIAL SITUATIONS   32,950  
CORE INDUSTRIAL PARTNERS FUND III, L.P.   -6,038  
ECLIPSE EARLY GROWTH FUND I LP   -21,431  
FTV VI LP   100,500  
FTV VII LP   -34,308  
GLENMEDE PRIVATE INVEST FD IX   293,175  
GLENMEDE PRIVATE INVEST FD VIII-B   536,847  
GLENMEDE PRIVATE INVEST FD X   1,926,435  
K5 PRIVATE INVESTORS   -52,237  
KAINOS CAPITAL PARTNERS III LP   -32,500  
LEAD EDGE CAPITAL VI   -29,747  
LINDEN CAPITAL PARTNERS V-A AIV, LP   -4,142  
LINDEN CAPITAL PARTNERS V-A LP   -26,576  
LINDEN CO-INVESTMENT V-A LP   -1,096  
RCAF VI AIV II, LP   116  
RIVERSIDE CAP APPREC FUND VI   -5,471  
RIVERSIDE MICRO-CAP FUND V   71,634  
RMCF V AIV I   -72,108  
SL CAPITAL SOF I LP   -30,894  
TCII LONG FEEDER LP   -117  
TCII THRIVEWORKS FEEDER LP   -112  
THOMA BRAVO GROWTH FUND A LP   -23,711  
TRANSFORMATION CAPITAL FUND II LP   -51,080  
TRANSFORMATION CAPITAL FUND III LP   -23,224  


TY 2023 OtherIncreasesSchedule
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Description Amount
BOOK DEPRECIATION 67


TY 2023 OtherLiabilitiesSchedule
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Description Beginning of Year - Book Value End of Year - Book Value
EMPLOYEE FSA WITHHOLDING 841 4,046
PAYROLL TAXES PAYABLE 9,234 12,231
401K PLAN PAYABLE 10 437
CREDIT CARD PAYABLE 912 936
HEALTH INSURANCE PAYABLE 0 2,534


TY 2023 OtherProfessionalFeesSchedule
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 157,265 0   157,039


TY 2023 TaxesSchedule
Name:
THORNBURG FOUNDATION
EIN:
85-0457010
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX ON INVESTMENT INCOME 60,000 0   0
PAYROLL TAXES 64,585 0   60,103