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
Y&S NAZARIAN FAMILY FOUNDATION
 
% SUNG JUNG
Number and street (or P.O. box number if mail is not delivered to street address)9595 WILSHIRE BLVD Suite 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BEVERLY HILLS, CA90212
A Employer identification number

95-4774321
B Telephone number (see instructions)

(310) 229-9101
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$22,766,976J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,489,600
2 Check right arrow.............
3 Interest on savings and temporary cash investments 4,641 5,286  
4 Dividends and interest from securities... 933,647 758,804  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -504,447
b Gross sales price for all assets on line 6a 3,452,449
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
228,682 225,829  
12 Total. Add lines 1 through 11........ 4,152,123 989,919  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,000     150,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 12,915     12,915
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
99,234 49,617 0 49,617
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
265,487 73,448 0 191,888
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
44,062 6,554 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,476 0 0 20,476
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 592,174 129,619 0 424,896
25 Contributions, gifts, grants paid....... 8,383,050 8,383,050
26 Total expenses and disbursements. Add lines 24 and 25 8,975,224 129,619 0 8,807,946
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,823,101
b Net investment income (if negative, enter -0-) 860,300
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............. 116,106 151,208 151,208
2 Savings and temporary cash investments......... 549,598 904,822 904,822
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,212,755 Click to see attachment
List of Attached Documents:
// Content
9,849,042 		9,849,042
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).......... 11,743,269 Click to see attachment
List of Attached Documents:
// Content
11,861,904 		11,861,904
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,621,728 22,766,976 22,766,976
Liabilities 17 Accounts payable and accrued expenses.......... 4,973 83,025
18 Grants payable................. 3,481,274 7,256,998
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 3,486,247 7,340,023
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 17,135,481 15,426,953
29 Total net assets or fund balances (see instructions)..... 17,135,481 15,426,953
30 Total liabilities and net assets/fund balances (see instructions). 20,621,728 22,766,976
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
17,135,481
2
Enter amount from Part I, line 27a .....................
2
-4,823,101
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,114,573
4
Add lines 1, 2, and 3 ..........................
4
15,426,953
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,426,953
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 STCG - COVERED      
b LTCG - COVERED      
c STCG - NON-COVERED      
d CAPITAL GAIN DIVIDENDS P    
e CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 484,768   473,530 11,238
b 2,938,139   3,401,902 -463,763
c 396   396  
d       29,146
e       29,146
      29,146
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       11,238
b       -463,763
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 -423,379
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 11,958
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 11,958
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 11,958
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 19,122
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 19,122
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 7,164
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow7,164 Refundedright arrow 11  
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
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.YANDSNAZARIANFAMILYFOUNDATION.COM
14
The books are in care ofright arrowSUNG JUNG Telephone no.right arrow (310) 229-9101

Located atright arrow9595 WILSHIRE BLVD STE 600Beverly HillsCA ZIP+4right arrow90212
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
Younes Nazarian Trustee
1.0 		0 0 0
9595 WILSHIRE BLVD
BEVERLY HILLS,CA90212
Soraya J Nazarian Trustee
2.0 		0 0 0
9595 WILSHIRE BLVD
BEVERLY HILLS,CA90212
David Nazarian CFO
5.0 		0 0 0
9595 WILSHIRE BLVD
BEVERLY HILLS,CA90212
Sharon Nazarian President
15.0 		150,000 0 0
9595 WILSHIRE BLVD
BEVERLY HILLS,CA90212
Shulamit Nazarian Trustee
1.0 		0 0 0
9595 WILSHIRE BLVD
BEVERLY HILLS,CA90212
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
 
Total number of other employees paid over $50,000...................right arrow  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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 arrow  
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
10,114,114
b
Average of monthly cash balances.......................
1b
515,066
c
Fair market value of all other assets (see instructions)................
1c
9,383,544
d
Total (add lines 1a, b, and c).........................
1d
20,012,724
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
20,012,724
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
300,191
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
19,712,533
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
985,627
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
985,627
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
11,958
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
11,958
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
973,669
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
973,669
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
973,669
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
8,807,946
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
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
8,807,946
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 7 973,669
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 3,990,810
b From 2019...... 2,633,972
c From 2020...... 2,425,445
d From 2021...... 906,398
e From 2022...... 466,192
f Total of lines 3a through e ........ 10,422,817
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 8,807,946
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 973,669
e Remaining amount distributed out of corpus 7,834,277
5 Excess distributions carryover applied to 2023.    
(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 18,257,094
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		3,990,810
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		14,266,284
10 Analysis of line 9:
a Excess from 2019.... 2,633,972
b Excess from 2020.... 2,425,445
c Excess from 2021.... 906,398
d Excess from 2022.... 466,192
e Excess from 2023.... 7,834,277
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).)
YOUNES NAZARIAN
SORAYA J NAZARIAN
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.
YOUNES NAZARIAN
SORAYA J NAZARIAN
SHARON NAZARIAN
SHULAMIT NAZARIAN
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

AMERICAS FOUNDATION OF THE SERPENTINE GALLERIES

909 THIRD AVENUE
15TH FLOOR
NEW YORK,NY10022 		None PC GENERAL SUPPORT 15,000

ANTI-DEFAMATION LEAGUE

10495 SANTA MONICA BLVD
SUITE 1600
LOS ANGELES,CA90025 		None PC GENERAL SUPPORT 26,000

CAYTON CHILDREN'S MUSUEM

395 SANTA MONICA PL
374
SANTA MONICA,CA90401 		None PC GENERAL SUPPORT 1,000

CEDAR-SINAI BOARD OF GOVERNORS

6500 WILSHIRE BLVD
SUITE 1600
LOS ANGELES,CA90048 		NOne PC GENERAL SUPPORT 2,000

CALIFORNIA STATE UNIVERSITY

18111 NORDHOFF ST NORTHRIDGE
CALIFORNIA,CA913308309 		None PC Younes and Soraya Nazarian Endowment 6,287,087

FARHANG FOUNDATION

PO BOX 491571
LOS ANGELES,CA90049 		None PC GENERAL SUPPORT 1,000

FREEDOM HOUSE

411 EAST 83RD STREET
STE 3F
NEW YORK,NY10028 		None PC GENERAL SUPPORT 25,000

HOPE FOUNDATION

PO BOX 18280
BEVERLY HILLS,CA90209 		None PC GENERAL SUPPORT 2,500

IRANIAN JEWISH WOMEN'S ORGANIZATION

1430 LOMA VISTA DRIVE
BEVERLY HILLS,CA90210 		None PC GENERAL SUPPORT 10,000

IMA FOUNDATION

9565 WILSHIRE BLVD
STE 600
BEVERLY HILLS,CA90212 		None PC Overhead costs 83,767

IMA FOUNDATION

9565 WILSHIRE BLVD
STE 601
BEVERLY HILLS,CA90212 		None PC Emergency Crisis Fund for Israel War 455,000

INSTITUTE FOR JEWISH AND COMMUNITY RESEARCH

3245 GEARY BLVD
591478
SAN FRANCISCO,CA94159 		None PC Nightingale of Iran podcast 10,000

ISRAEL DEMOCRACY INSTITUTE

1266 W PACES FERRY ROAD NW
615
ATLANTA,GA30327 		None PC GENERAL SUPPORT 25,000

ISRAELI WOUNDED VETERANS

9440 S SANTA MONICA BLVD
STE 301
BEVERLY HILLS,CA90210 		None PC Israel Wounded Veterans for Israel War 37,500

JERUSALEM ACADEMY OF MUSIC AND DANCE

1801 CENTURY PARK WEST
5TH FLOOR
LOS ANGELES,CA90067 		None PC GENERAL SUPPORT -31,000

JEWISH FEDERATION OF GREATER LA

6505 WILSHIRE BLVD
LOS ANGELES,CA90048 		None PC GENERAL SUPPORT 5,000

LOOKING BEYOND

PO BOX 12732
JACKSONVILLE,FL32209 		None PC GENERAL SUPPORT 1,000

LOS ANGELES POLICE FOUNDATION

633 W 5TH STREET
LOS ANGELES,CA90071 		None PC GENERAL SUPPORT 5,000

MARCH ON WASHINGTON FILM FESTIVAL

525 9TH STREET NW
7TH FL
WASHINGTON,DC20004 		None PC GENERAL SUPPORT 30,000

MUSEUM OF CONTEMPORARY ART

250 SOUTH GRAND AVENUE
LOS ANGELES,CA90012 		None PC GENERAL SUPPORT 22,667

NEW ISRAEL FUND

6 EAST 39TH STREET
STE 301
NEW YORK,NY10016 		None PC GENERAL SUPPORT 10,000

PACIFIC COUNCIL ON INTERNATIONAL POLICY

725 SOUTH FIGUEROA STREET 450
LOS ANGELES,CA90017 		None PC GENERAL SUPPORT 625

PAYAM WEEKLY MAGAZINE

PO BOX 222078
GREAT NECK,NY11022 		None PC GENERAL SUPPORT 1,000

SHAARE ZEDEK MEDICAL CENTER

8671 WILSHIRE BLVD
712
BEVERLY HILLS,CA90211 		None PC GENERAL SUPPORT 1,800

SINAI TEMPLE

10400 WILSHIRE BOULEVARD
LOS ANGELES,CA90024 		None PC GENERAL SUPPORT 344,204

TEL AVIV MUSEUM OF ART

27 SHAUL HAMELECH BLVD
TEL AVIV,IL64239 		None PC GENERAL SUPPORT -50,000

TERASAKI INSTITUTE FOR BIOMEDICAL INNOVATION

1018 WESTWOOD BLVD
LOS ANGELES,CA90024 		NOne PC GENERAL SUPPORT 5,000

THE UC REGENTS

757 WESTWOOD PLAZA
LOS ANGELES,CA90095 		None PC GENERAL SUPPORT 17,400

TOWER CANCER RESEARCH FOUNDATION

8767 WILSHIRE BLVD
STE 401
BEVERLY HILLS,CA90211 		None PC GENERAL SUPPORT 7,500

UCLA FOUNDATION

10367 BUNCHE HALL
LOS ANGELES,CA90095 		None PC Younes Nazarian Medical Humanitarian Prize 1,000,000

VISIONARY WOMEN

9663 SANTA MONICA BLVD
851
BEVERLY HILLS,CA90210 		None PC GENERAL SUPPORT 1,000

WIZO

2934 1/2 N BEVERLY GLEN CIRCLE
714
LOS ANGELES,CA90077 		None PC Los Angeles for Israel War 20,000

WIZO

2934 1/2 N BEVERLY GLEN CIRCLE
714
LOS ANGELES,CA90077 		None PC GENERAL SUPPORT 6,000

ZIONESS MOVEMENT

244 FIFTH AVENUE
STE A205
NEW YORK,NY10001 		None PC GENERAL SUPPORT 5,000
Total .................................right arrow 3a 8,383,050
bApproved for future payment
Total ................................. right arrow 3b  
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 4,641  
4 Dividends and interest from securities ....     14 933,647  
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 -504,447  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRREF III DOM INVESTORS LP K-1 INCOME 		  0 18 178,695 0
bRREF II DOM INVESTORS LP K-1 INCOME   0 18 47,117 0
cMISCELLANEOUS INCOME   0 18 2,870 0
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 662,523 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
662,523
(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
Y&S NAZARIAN FAMILY FOUNDATION
 
Employer identification number

95-4774321
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
Y&S NAZARIAN FAMILY FOUNDATION
  		Employer identification number
95-4774321
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
JP MORGAN DONOR ADVISED FUND
9595 WILSHIRE BLVD STE 600
 
BEVERLY HILLS, CA90212

$ 3,475,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ISRAEL CRISIS FUND DONATIONS
9595 WILSHIRE BLVD
 
BEVERLY HILLS, CA90212

$ 14,600


(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
Y&S NAZARIAN FAMILY FOUNDATION
  		Employer identification number

95-4774321
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
Y&S NAZARIAN FAMILY FOUNDATION
  		Employer identification number

95-4774321
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:
Y&S NAZARIAN FAMILY FOUNDATION
EIN:
95-4774321
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 99,234 49,617 0 49,617

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

TY 2023 DepreciationSchedule
Name:
Y&S NAZARIAN FAMILY FOUNDATION
EIN:
95-4774321
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

TY 2023 InvestmentsCorpStockSchedule
Name:
Y&S NAZARIAN FAMILY FOUNDATION
EIN:
95-4774321
Name of Stock End of Year Book Value End of Year Fair Market Value
UNDEFINED 3,013,366 3,013,366
ANSYS INC 62,052 62,052
ABB LTD 14,043 14,043
ABBOT LABS 22,784 22,784
ABBVIE INC 34,093 34,093
ACADEMY SPORTS AND 12,408 12,408
ACUITY BRANDS INC 24,580 24,580
ADIDAS AG SPONSORED ADR 9,657 9,657
ADOBE 68,012 68,012
ADTALEM GLOBAL ED INC 11,083 11,083
AIA GROUP LTD 19,242 19,242
AIR LIQUID ADR 18,112 18,112
AIR PRODUCTS&CHEM 27,380 27,380
AIRBUS SE 16,932 16,932
ALCON SA ACT NOM 38,435 38,435
ALPHA METALLURGICAL RES 22,369 22,369
ALPHABET INC SHS CLC 41,856 41,856
ALPHABET INC SHS CLA 6,985 6,985
AMADEUS IT GROUP SA 15,786 15,786
AMERICA MOVIL SAB DE CV 12,705 12,705
AMERICAN INTERNATIONAL 13,076 13,076
AMERIPRISE FINL INC 53,556 53,556
AMETEK INC NEW 19,457 19,457
AMGEN INC COM 54,148 54,148
AMN HEALTHCARE SVCS INC 5,316 5,316
AMPHASTAR PARMA INC DEL 10,082 10,082
ANHEUSER-BUSCH INBEV ADR 15,703 15,703
AON PLC REG SHS 12,223 12,223
APA CORP REG SHS 24,075 24,075
APPLE HOSPITALITY REIT 15,314 15,314
APPLE INC 31,190 31,190
APPLIED INDUSTRL TECH 11,398 11,398
ARMSTRONG WORLD INDS INC 8,849 8,849
ARROW ELECTRONICS 51,712 51,712
ASML HLDG NV NY REG SHS 40,117 40,117
ASTRAZENECA PLC SPND ADR 32,867 32,867
ATKORE INC 14,880 14,880
ATLANTIC UN BANKSHARES 2,631 2,631
ATMOS ENERGY CORP 43,926 43,926
AUTODESK INC DEL 44,313 44,313
AUTOMATIC DATA PROC 17,240 17,240
AUTONATION INC 7,359 7,359
AUTONATION INC 2,286 2,286
AVNET INC 5,242 5,242
B AND M EUROPEAN VALUE 10,685 10,685
BANCFIRST CORP COM 2,920 2,920
BANK NEW YORK MELLON 9,629 9,629
BANK OZK COM 31,243 31,243
BEIGENE LTD 7,575 7,575
BELDEN INC 4,635 4,635
BERKSHIRE HILLS BANCORP 3,228 3,228
BLACKSTONE INC 46,738 46,738
BLOCK H&R INC 16,156 16,156
BLUE OWL CAPITAL CORP 704,811 704,811
BRITISH AMN TOBACO SPADR 5,322 5,322
BRISTOL-MYERS SQUIBB CO 16,317 16,317
BRUKER CORP 8,230 8,230
BROADCOM INC 95,998 95,998
BRUKER CORP 18,003 18,003
BUILDERS FIRSTSOURCE INC 8,514 8,514
CARLSBERG AS SPONSOREDAD 21,719 21,719
CAPITAL ONE FINL 55,202 55,202
CARLSBERG AS SPONSOREDAD 13,764 13,764
CHEVRON CORP 15,054 15,054
CARRIER GLOBAL CORP REG 11,892 11,892
CARTER HOLDINGS INC 6,515 6,515
CHEMED CORP 10,526 10,526
CHEVRON CORP 47,433 47,433
CHORD ENERGY CORP 22,774 22,774
CIE GENERALE DES 35,758 35,758
CIRRUS LOGIC INC DEL 6,406 6,406
CISCO SYSTEMS INC 14,853 14,853
CITIGROUP INC COM NEW 13,220 13,220
CITIZENS FNL GROUP INC 7,987 7,987
CLEAN HARBORS INC 4,537 4,537
CME GROUP 13,478 13,478
COCA COLA COM 41,074 41,074
COMCAST CORP NEW CL A 40,342 40,342
COMFORT SYSTEMS USA INC 27,971 27,971
COMMERICAL METALS CO COM 18,533 18,533
COMMERICAL METALS CO COM 23,118 23,118
CONCENTRIX CORP REG SHS 15,713 15,713
CONCOPHILLIPS 12,536 12,536
CONSTELLATION BRANDS INC 35,054 35,054
CORNING INC 9,896 9,896
CORTEVA INC REG SHS 55,300 55,300
COTERRA ENERGY INC 45,094 45,094
CRANE HOLDINGS CO REG 10,378 10,378
CROCS INC 6,165 6,165
CROWN CASTLE REIT INC 27,185 27,185
CROWN CASTLE REIT INC 8,514 8,514
CSX CORP 10,228 10,228
CULLEN FRST BKRS PV 28,641 28,641
CVS HEALTH CORP 17,687 17,687
DAIKIN INDUSTRIES LTD 10,268 10,268
DANAHER CORP DEL 62,462 62,462
DANONE-SPONS 18,635 18,635
DIODES INC COM 17,379 17,379
DELL TECHNOLOGIES INC 4,590 4,590
DISCOVER FINL SVCS 9,891 9,891
DIODES INC COM 564 564
DNB BANK 11,321 11,321
DONALDSON CO INC 10,783 10,783
DONNELLEY FINL SOLUTIONS 3,368 3,368
EATON CORP PLC 26,009 26,009
ECOLAB INC. 40,265 40,265
EDWARDS LIFESCIENCES CRP 12,276 12,276
ELEVANCE HEALTH INC 55,173 55,173
ELI LILLY & CO 36,141 36,141
EMCOR GROUP INC 29,298 29,298
ENGIE SHS 20,961 20,961
EURONET WORLDWODE INC 32,801 32,801
EQUINIX INC 8,859 8,859
ERICSSON AMERICAN 102,980 102,980
ESSILORLUXOTTICA SA 19,596 19,596
EVERCORE INC 15,566 15,566
EVERSOURCE ENERGY COM 5,802 5,802
EVERTEC INC 17,973 17,973
EXELIXIS INC COM 6,885 6,885
EXLSERVICE HLDNGS INC 12,926 12,926
EXXON MOBIL CORP COM 7,598 7,598
FNB CORP 7,849 7,849
FASTENAL COMPANY 5,765 5,765
FEDERATED INVESTRS B 9,074 9,074
FEDEX CORP DELAWARE COM 13,660 13,660
FIDELITY NATL INFO SVCS 30,155 30,155
FIRST COMMONWEALTH 4,802 4,802
FIRST FINANCIAL BANCORP 5,629 5,629
FIRST FINCL CORP INDIANA 818 818
FLUOR CORP NEW DEL COM 16,804 16,804
FTI CONSULTING INC COM 5,775 5,775
FUJITSU LTD NEW 9,790 9,790
FULTON FINL CORP PA 6,090 6,090
F5 INC 85,910 85,910
GENERAL ELEC CO REG SHS 41,863 41,863
GENERAL MOTORS CO 31,035 31,035
GENL DYNAMICS CORP COM 36,613 36,613
GENMAB A/S SHS 9,998 9,998
GLOBUS MED INC 3,837 3,837
GODADDY INC SHS 19,321 19,321
GOLDMAN SACHS GROUP INC 47,064 47,064
GRAPHIC PACKAGING HDLG C 8,282 8,282
HANCOCK WHITNEY CORP 10,981 10,981
HANOVER INS GROUP INC 12,628 12,628
HDFC BANK LTD 9,597 9,597
HELEN OF TROY LTD 3,141 3,141
HF SINCLAIR 9,058 9,058
HILTON WORLDWIDE 23,672 23,672
HOME DEPOT 22,526 22,526
HONEYWELL INTL INC DEL 56,831 56,831
HUB GROUP INC 3,953 3,953
HUNTSMAN CORP 2,488 2,488
ILLINOIS TOOLWORKS INC 14,145 14,145
INDUSTRIA DE DISENO 20,642 20,642
INSIGHT ENTERPRISES INC 9,037 9,037
INSTALLED BUILDING 15,540 15,540
INTEGER HLDGS CORP COM 11,890 11,890
INTEGRA L HLDGS CORP NEW 4,486 4,486
INTERDIGITAL, INC. 6,729 6,729
JABIL CIRCUIT INC 16,180 16,180
JOHNSON CONTROLS INTER 3,920 3,920
JPMORGAN CHASE & CO 23,814 23,814
KERING SA 14,334 14,334
KEURIG DR PEPPER INC 16,493 16,493
KEYENCE CORP 6861 14,541 14,541
KFORCE INC 2,162 2,162
KINDER MORGAN INC. DEL 7,127 7,127
KLA CORP 12,788 12,788
KONTOOR BRANDS INC 7,740 7,740
KOSMOS ENERGY LTD 8,642 8,642
LOREAL CO 18,887 18,887
LAKELAND FINCL CORP IND 3,193 3,193
LANDSTAR SYS INC 10,263 10,263
LENNAR CORP 60,957 60,957
LOCKHEED MARTIN CORP 19,036 19,036
LONDON STK EXCHANGE 22,062 22,062
LOWE'S COMPANIES INC 38,501 38,501
MARSH & MCLENNAN COS INC 39,410 39,410
MARTIN MARIETTA MATLS 59,869 59,869
MASONITE INTERNATIONAL 3,132 3,132
MASTERBRAND INC REG SHS 4,707 4,707
MASTERCARD INC 18,340 18,340
MCDONALDS CORP 28,168 28,168
MEDPACE HLDGS INC 17,779 17,779
MEDTRONIC PLC SHS 66,316 66,316
MERK AND CO INCS SHS 79,803 79,803
MERCADOLIBRE INC 28,287 28,287
MERIT MEDICAL SYS INC 10,710 10,710
MERITAGE HOMES CORP 15,678 15,678
MICROCHIP TECHNOLOGY INC 52,574 52,574
MICRON TECHNOLOGY INC 7,083 7,083
MICROSOFT CORP 180,875 180,875
MITSUBISHI UFJ FINL GRP 28,404 28,404
MONDELEZ INTERNATIONAL 34,549 34,549
MORGAN STANLEY 2,611 2,611
MUELLER INDUSTRIES INC 14,522 14,522
MURPHY OIL CORP 8,703 8,703
MURPHY USA INC SHS 18,541 18,541
NBT BANCORP INC 4,316 4,316
NESTLE S A REP RG SH 16,766 16,766
NEXSTAR MEDIA GROUP INC 12,227 12,227
NEXTERA ENERGY INC SHS 21,441 21,441
NOMURA RESH INST LTD ADR 6,364 6,364
NORTHROP GRUMMAN CORP 24,811 24,811
NOV INC 13,709 13,709
NOVO NORDISK A S ARD 48,828 48,828
NXP SEMICONDUCTORS N.V. 9,187 9,187
OLIN CORP $1 NEW 12,193 12,193
OPTION CARE HEALTH INC 9,433 9,433
ORACLE CORP 8,751 8,751
OSHKOSH CORPORATION 28,945 28,945
OTTER TAIL CORP 7,902 7,902
OXFORD INDUSTRIES 1,100 1,100
PARKER HANNIFIN CORP 63,577 63,577
PAYCHEX INC 11,792 11,792
PEPSICO INC 30,741 30,741
PERDOCEO EDUCATION CORP 1,967 1,967
PHILIP MORRIS INTL INC 57,295 57,295
PHILIPPS 66 SHS 16,509 16,509
PEIDMONT OFFICE REALTY 2,673 2,673
PNC FINCL SERVICES GROUP 58,224 58,224
POPULAR INC COM NEW 25,524 25,524
PRIMERICA INC COM 3,087 3,087
PRIMORIS SERVICES CORP 2,424 2,424
PROCTOR & GAMBLE CO 68,727 68,727
PROGRESS SOFTWARE CORP 8,254 8,254
PROLOGIS INC 19,462 19,462
QUALCOMM INC 54,236 54,236
RALPH LAUREN CORP 3,172 3,172
RANGE RESOURCES CORP DEL 10,015 10,015
REALTY INCM CORP MD 19,294 19,294
RECKITT BENCKISER GROUP 11,459 11,459
REGENERON PHARMACTCLS 14,931 14,931
REGIONS FINL CORP 4,089 4,089
RENT-A-CENTER INC 2,480 2,480
ROYAL CARIBBEAN GROUP 14,503 14,503
ROYAL KPN NV SP ADR 11,676 11,676
RPM INTERNATIONAL INC 40,968 40,968
RTX CORP 7,573 7,573
RYANAIR HOLDINGS PLC SHS 11,736 11,736
RYDER SYSTEM INC 9,320 9,320
SAFRAN SA-UNSPON 36,142 36,142
SANMINA CORP 6,781 6,781
SAP SE SHS 28,445 28,445
SCIENCE APPLICATIONS 13,054 13,054
SEMPRA ENERGY 21,821 21,821
SHELL PLC 65,339 65,339
SHIN-ETSU CHEM-UNSPON 26,501 26,501
SIEMENS AG ADR 8,232 8,232
SIGNET JEWELERS LTD SHS 12,549 12,549
SIKA AG-BR-ADR 14,618 14,618
SIMPLY GOOD FOODS CO/THE 10,732 10,732
SLM CORP 8,183 8,183
SMC CORP 6273 10,210 10,210
SONOCO PRODUCTS CO 13,185 13,185
SONY GROUP CORP 45,072 45,072
STARBUCKS CORP 22,850 22,850
STATE STREET CORP 7,204 7,204
STERLING INFRA INC 8,265 8,265
STEWART INFO SVC CRP 3,055 3,055
STIFEL FINANCIAL CORP 14,591 14,591
STRIDE INC REG SHS 8,669 8,669
SYSCO CORPORATION 33,713 33,713
TAIWAN S MANUFCTRING ADR 14,144 14,144
TAKE TWO INTER SOFTWARE 10,462 10,462
TAYLOR MORRISON HOME 22,140 22,140
TOWNEBANK PORTSMOUTH VA 7,779 7,779
TEEKAY TANKERS LTD REG 4,347 4,347
TELEDYNE TECH INC 38,381 38,381
TERADATA CORP DEL 3,437 3,437
TEXAS INSTRUMENTS 21,308 21,308
TFI INTERNATIONAL 11,966 11,966
TOPBUILD CORP SHS 10,479 10,479
TOTALENERGIES SE 26,009 26,009
TRAVELERS COS INC 18,478 18,478
TRINET GROUP INC CALIF 10,466 10,466
UNITED PARCEL SVC CL B 14,308 14,308
UNITED THERAPEUTICS CORP 12,094 12,094
UNITEDHEALTH GROUP INC 28,429 28,429
UNTD OVERSEAS BK SPN ADR 12,032 12,032
US BANCORP 66,694 66,694
VISA INC CL A 19,787 19,787
VONTIER CORP 12,576 12,576
WARNER BROS DISCOVERY 16,786 16,786
WEC ENERGY GROUP IN SHS 9,680 9,680
WELLS FARGO & CO 38,096 38,096
WILLIAMS COMPANIES DEL 18,843 18,843
WINTRUST FINL CP ILL COM 15,397 15,397
WPP PLC NEW/ADR 2,093 2,093
ZIFF DAVIS INC 37,951 37,951
XYLEM INC SHS 41,513 41,513
YUM BRANDS INC 12,021 12,021
ZIFF DAVIS INC 7,592 7,592
ZIONS BANCORP NA 20,136 20,136
ZOETIS INC 14,605 14,605
1ST FINANCIAL BCSHS INC 6,181 6,181

TY 2023 InvestmentsOtherSchedule2
Name:
Y&S NAZARIAN FAMILY FOUNDATION
EIN:
95-4774321
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARTISAN HIGH INCOME FMV 1,244,473 1,244,473
INVESCO FLOATING RATE FMV 696,542 696,542
PIMCO DYNAMIC INCOME FMV 182,538 182,538
PIMCO MORTGAGE FMV 542,684 542,684
RIVERNORTH DOUBLE LINE FMV 1,041,138 1,041,138
ALPS SMITH SHORT FMV 1,032,405 1,032,405
DOUBLELINE LOW DURATION FMV 822,932 822,932
SHENKMAN CPTL SHORT FMV 445,622 445,622
BLUE OWL FMV 156,512 156,512
BLACKROCK SCIENCE AND FMV 67,436 67,436
BLACKROCK HEALTH FMV 288,692 288,692
HW OPPORTUNITIES MP FMV 735,376 735,376
KOPERNIK GLOBAL FMV 977,470 977,470
MATTHEWS ASIA GROWTH FMV 349,025 349,025
PACER US FMV 439,783 439,783
RIALTO REAL ESTATE FUND FMV 2,839,276 2,839,276

TY 2023 OtherExpensesSchedule
Name:
Y&S NAZARIAN FAMILY FOUNDATION
EIN:
95-4774321
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL EXPENSES 1,253 0 0 1,253
OFFICE SUPPLIES & EXPENSES 2,977 0 0 2,977
MEALS & ENTERTAINMENT 2,674 0 0 2,674
WEBSITE 846 0 0 846
ADVERTISING 60 0 0 60
FINANCE CHARGES & PENALTIES 35 0 0 35
DISCOUNT EXPENSE 12,631 0 0 12,631


TY 2023 OtherIncomeSchedule2
Name:
Y&S NAZARIAN FAMILY FOUNDATION
EIN:
95-4774321
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RREF III DOM INVESTORS LP K-1 INCOME 178,695 178,695  
RREF II DOM INVESTORS LP K-1 INCOME 47,117 47,117  
OTHER INCOME 2,870 17  


TY 2023 OtherIncreasesSchedule
Name:
Y&S NAZARIAN FAMILY FOUNDATION
EIN:
95-4774321
Description Amount
UNREALIZED GAIN 2,729,307
PRIOR PERIOD ADJUSTMENT 385,266


TY 2023 OtherProfessionalFeesSchedule
Name:
Y&S NAZARIAN FAMILY FOUNDATION
EIN:
95-4774321
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES ML 03289 11,648 11,648 0 0
MANAGEMENT FEES ML 03296 50,435 48,702 0 1,732
MANAGEMENT FEES ML 03297 8,183 8,183 0 0
MANAGEMENT FEES ML 03487 5,005 4,915 0 90
MANAGEMENT FEES ML 03952 150 0 0 0
OTHER PROFESSIONAL FEES 190,066 0 0 190,066


TY 2023 TaxesSchedule
Name:
Y&S NAZARIAN FAMILY FOUNDATION
EIN:
95-4774321
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE REGISTRATION 200 0 0 0
FOREIGN TAXES 3,862 6,554 0 0
FEDERAL TAXES OR EXCISE TAXES 40,000 0 0 0