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
FRANK E PAYNE AND SEBA B PAYNE
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)225 W WACKER DRIVE 2150
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL606061224
A Employer identification number

87-1526433
B Telephone number (see instructions)

(312) 621-0590
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$195,189,252J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 304,413 304,413  
4 Dividends and interest from securities... 3,022,415 3,022,415  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,936,700
b Gross sales price for all assets on line 6a 66,736,403
7 Capital gain net income (from Part IV, line 2)... 13,924,445
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
-46,383 -58,537  
12 Total. Add lines 1 through 11........ 17,217,145 17,192,736  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 61,800 0   61,800
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
6,651 0   6,651
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,088 3,544   3,544
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
947,883 871,933   75,950
17 Interest............... 220 220   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
181,804 31,804   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
26,613 1,558   16,161
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,232,059 909,059   164,106
25 Contributions, gifts, grants paid....... 7,814,000 6,142,000
26 Total expenses and disbursements. Add lines 24 and 25 9,046,059 909,059   6,306,106
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,171,086
b Net investment income (if negative, enter -0-) 16,283,677
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............. 7,137,523 10,457,078 10,457,078
2 Savings and temporary cash investments.........      
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)....... 63,382,332 Click to see attachment
List of Attached Documents:
// Content
83,694,751 		151,481,735
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).......... 36,235,054 Click to see attachment
List of Attached Documents:
// Content
24,439,939 		29,250,439
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
6,000,000 		Click to see attachment
List of Attached Documents:
// Content
4,000,000 		Click to see attachment
List of Attached Documents:
// Content
4,000,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 112,754,909 122,591,768 195,189,252
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................   1,672,000
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)......... 0 1,672,000
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 112,754,909 120,919,768
29 Total net assets or fund balances (see instructions)..... 112,754,909 120,919,768
30 Total liabilities and net assets/fund balances (see instructions). 112,754,909 122,591,768
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
112,754,909
2
Enter amount from Part I, line 27a .....................
2
8,171,086
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
120,925,995
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
6,227
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
120,919,768
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 CAPITAL GAIN DISTRIBUTIONS      
b PUBLICLY TRADED SECURITIES      
c FROM K-1 - IMPACT ENGINE PRIVATE EQUITY FUND II LP P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 762,489     762,489
b 65,973,745   52,811,958 13,161,787
c 169     169
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       762,489
b       13,161,787
c       169
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 13,924,445
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) 1 226,343
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........................... 3 226,343
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- ..... 5 226,343
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 187,697
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 55,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 242,697
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 16,354
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow16,354 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 arrowIL
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowWILLIAM HARRIS INVESTORS INC Telephone no.right arrow (312) 621-0590

Located atright arrow225 W WACKER DRIVE SUITE 2150CHICAGOIL ZIP+4right arrow606061224
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
Yes
 
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
 
No
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
LAUREN MACDONALD PRESIDENT/EXECUTIVE DIRECTOR/SECRETARY
10.00 		0 0 0
225 W WACKER DRIVE SUITE 2150
CHICAGO,IL606061224
MICHAEL MCQUINN TREASURER
1.00 		0 0 0
225 W WACKER DRIVE SUITE 2150
CHICAGO,IL606061224
L SCOTT VICE PRESIDENT/DIRECTOR
2.00 		15,500 0 0
225 W WACKER DRIVE SUITE 2150
CHICAGO,IL606061224
A GREENE VICE PRESIDENT/DIRECTOR
2.00 		20,800 0 0
225 W WACKER DRIVE SUITE 2150
CHICAGO,IL606061224
T SCOTT VICE PRESIDENT/DIRECTOR
2.00 		15,800 0 0
225 W WACKER DRIVE SUITE 2150
CHICAGO,IL606061224
M CUMINGS VICE PRESIDENT/DIRECTOR
2.00 		9,700 0 0
225 W WACKER DRIVE SUITE 2150
CHICAGO,IL606061224
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
WILLIAM HARRIS INVESTORS INC ACCOUNTING & INVESTMENT SERVICES 683,842
225 W WACKER DRIVE SUITE 2150
CHICAGO,IL606061224
BANK OF AMERICA INVESTMENT MANAGEMENT SERVICES 241,322
225 FRANKLIN ST
BOSTON,MA02110
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
165,176,992
b
Average of monthly cash balances.......................
1b
8,965,825
c
Fair market value of all other assets (see instructions)................
1c
955,100
d
Total (add lines 1a, b, and c).........................
1d
175,097,917
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
175,097,917
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,626,469
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
172,471,448
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
8,623,572
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
8,623,572
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
226,343
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
226,343
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
8,397,229
4
Recoveries of amounts treated as qualifying distributions................
4
2,000,000
5
Add lines 3 and 4............................
5
10,397,229
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
10,397,229
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
6,306,106
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
6,306,106
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 10,397,229
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,958,745
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$ 6,306,106
a Applied to 2022, but not more than line 2a 3,958,745
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..... 2,347,361
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 .......... 		8,049,868
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).)
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 BIRD CONSERVANCY

PO BOX 249
MARSHALL,VA20198 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 100,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION

125 BROAD ST 18TH FLOOR
NEW YORK,NY10004 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 300,000

AMERICAN FORESTS

1220 L ST NW SUITE 750
WASHINGTON,DC20005 		  PC PROJECT SUPPORT 300,000

AMERICAN RED CROSS - PA RIVERS CHAPTER

431 18TH ST NW
WASHINGTON,DC20006 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 100,000

BLACK FARMER FUND

228 PARK AVE S 38732
NEW YORK,NY10003 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 150,000

CASA GUADALUPE CENTER

218 N 2ND ST
ALLENTOWN,PA18102 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 50,000

CHICAGO COALITION FOR THE HOMELESS

70 E LAKE STREET SUITE 720
CHICAGO,IL60601 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 50,000

CHICAGO HORTICULTURAL SOCIETY

1000 LAKE COOK RD
GLENCOE,IL60022 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 200,000

CHILDRENS PLACE ASSOCIATION

1436 W RANDOLPH ST
CHICAGO,IL60607 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 15,000

COLORADO NONPROFIT DEVELOPMENT CENTER

PO BOX 18770
DENVER,CO80218 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 60,000

COMMUNITIES IN SCHOOLS OF EASTERN PENNSYLVANIA

739 N 12TH STREET
ALLENTOWN,PA18102 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 30,000

CONSERVATION LAW FOUNDATION INC

62 SUMMER STREET
BOSTON,MA02110 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 200,000

DOCTORS WITHOUT BORDERS USA

40 RECTOR STREET 16TH FLOOR
NEW YORK,NY10006 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 200,000

ENVIRONMENTAL LAW & POLICY CENTER OF THE MIDWEST

35 EAST WACKER DRIVE SUITE 1600
CHICAGO,IL60601 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 300,000

FAMILIES FIRST INC

1620 TEELS RD
PEN ARGYL,PA18072 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 30,000

FIELD MUSEUM OF NATURAL HISTORY

1400 S LAKE SHORE DRIVE
CHICAGO,IL60605 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 600,000

GATHERING WATERS INC

211 S PATERSON ST STE 270
MADISON,WI53703 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 100,000

GLAD LEGAL ADVOCATES AND DEFENDERS

18 TREMONT ST STE 950
BOSTON,MA02108 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 50,000

GRACE MONTESSORI SCHOOL (GRACE EPISCOPAL CHURCH)

108 N 5TH ST
ALLENTOWN,PA18102 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 25,000

GREATER BOSTON LEGAL SERVICES INC

197 FRIEND STREET
BOSTON,MA02114 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 100,000

HOUSING OPPORTUNITIES & MAINTENANCE FOR THE ELDERLY (HOME)

945 W GEORGE STREET SUITE 218
CHICAGO,IL606575876 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 75,000

JUBILEE SCHOOL

4211 CHESTER AVE
PHILADELPHIA,PA19104 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 40,000

LA RAZA SERVICES (SERVICIOS DE LA RAZA)

3131 WEST 14TH AVENUE
DENVER,CO80204 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 50,000

LAND IS LIFE INC

228 PARK AVE SOUTH PMB 45112
NEW YORK,NY100031502 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 200,000

LAND TRUST ALLIANCE INCORPORATED

1250 H STREET NW SUITE 600
WASHINGTON,DC20005 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 500,000

NATURAL RESOURCES DEFENSE COUNCIL

40 WEST 20TH STREET
NEW YORK,NY10011 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 400,000

NEW BETHANY INC

333 W 4TH ST
BETHLEHEM,PA18015 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 60,000

NORTHEAST COMMUNITY CENTER

PO BOX 1463
BETHLEHEM,PA18016 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 150,000

PENNSYLVANIA SHAKESPEARE FESTIVAL

2755 STATION AVE
CENTER VALLEY,PA18034 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 50,000

PINEBROOK FAMILY ANSWERS

402 NORTH FULTON STREET
ALLENTOWN,PA18102 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 75,000

PLANNED PARENTHOOD KEYSTONE

610 LOUIS DRIVE SUITE 300
ALLENTOWN,PA18974 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 75,000

POINT PLEASANT - PLUMSTEADVILLE EMS

PO BOX 391 5205 STUMP ROAD
PLUMSTEADVLLE,PA18949 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 25,000

PROJECT ANGEL HEART

4950 WASHINGTON STREET
DENVER,CO80216 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 70,000

PROJECT OF EASTON INC

320 FERRY ST
EASTON,PA18042 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 50,000

RIEGELSVILLE PUBLIC LIBRARY

615 EASTON RD
RIEGELSVILLE,PA18077 		  PC PROJECT SUPPORT 22,000

ROSE ANDOM CENTER

PO BOX 40095
DENVER,CO802042602 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 45,000

SHARECARE FAITH IN ACTION

321 WYANDOTTE ST
BETHLEHEM,PA18015 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 25,000

SIGHT FOR HOPE (FKA CENTER FOR VISION LOSS INC)

845 WEST WYOMING ST
ALLENTOWN,PA18103 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 50,000

SOUTHERN ENVIRONMENTAL LAW CENTER

120 GARRETT STREET SUITE 400
CHARLOTTESVILLE,VA22902 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 200,000

THE CONSERVATION FUND

1655 N FORT MYER DRIVE STE 1300
ARLINGTON,VA22209 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 200,000

THE DELORES PROJECT

PO BOX 1406
DENVER,CO80201 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 100,000

THE GATHERING PLACE

1535 N HIGH STREET
DENVER,CO80218 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 50,000

THE LEHIGH CONFERENCE OF CHURCHES

457 W ALLEN STREET
ALLENTOWN,PA18102 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 70,000

THIRD STREET ALLIANCE FOR WOMEN AND CHILDREN

41 NORTH THIRD STREET
EASTON,PA18042 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 50,000

TRUST FOR PUBLIC LAND

PO BOX 889336
SAN FRANCISCO,CA900889336 		  PC PROJECT SUPPORT 50,000

URBAN PEAK DENVER

2100 STOUT STREET
DENVER,CO80205 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 150,000

WESTERN RESOURCE ADVOCATES

2260 BASELINE RD STE 200
BOULDER,CO80302 		  PC GENERAL OPERATING SUPPORT/ANNUAL GIFT 350,000
Total .................................right arrow 3a 6,142,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 304,413  
4 Dividends and interest from securities ....     14 3,022,415  
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 .....     14    
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 13,936,700  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aUBI FROM PASSTHROUGH 		901101 -8,241      
bOTHER INCOME     14 -38,142  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -8,241 17,225,386 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
17,217,145
(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

TY 2023 AccountingFeesSchedule
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX ACCOUNTING FEES 7,088 3,544   3,544

TY 2023 InvestmentsCorpStockSchedule
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBEY CAPITAL FUTURES 184,761 176,136
ABBEY CAPITAL MULTI 105,370 103,070
ABBOTT LABS 191,676 475,172
ABBVIE INC COM 428,292 1,077,042
ABERCROMBIE &FITCH CO CL A COM USD0.01 11,019 14,821
ACCENTURE PLC 219,283 469,869
ACI WORLDWIDE INC 8,967 11,383
ACUITY BRANDS INC 8,929 10,856
ACV AUCTIONS INC COM CL A 5,885 6,166
ADEIA INC COM 9,241 11,647
ADOBE SYSTEMS 795,636 2,347,025
ADVANCE AUTO PARTS, INC 8,504 7,385
ADVANCED DRAINAGE SYSTEM 17,975 25,878
ADVANTAGE SOLUTIONS INC COM CL A 6,989 10,697
AECOM 43,797 52,593
AERCAP IRELAND CAP/GLOBA 28,313 30,497
AFLAC INC 48,004 120,203
AGCO CORP COM USD0.01 17,656 18,697
AGILENT TECHNOLOGIES 43,925 50,885
AGILYSYS INC 9,305 10,772
AGNC INVESTMENT CORP. 18,259 20,052
AIR LEASE CORP 33,575 36,614
AIRBNB, INC. 267,756 227,218
AKAMAI TECHNOLOGIES 317,722 748,091
ALEXANDRIA REAL ESTATE EQUITIES INC. 21,496 24,467
ALIGHT INC COM CL A 19,622 20,455
ALLSTATE CORP 29,922 34,715
ALPHABET, INC CL C 720,399 3,087,494
ALPHABET, INC CL A 475,080 1,031,191
ALTAIR ENGR INC COM CL A 7,415 9,425
AMAZON.COM, INC 322,504 1,999,379
AMDOCS LTD ORD GBP0.01 13,738 12,744
AMEREN CORP 61,044 71,110
AMERESCO INC 11,357 9,374
AMERICAN AXLE & MANUFACTURING HOLDINGS INC 7,446 8,775
AMERICAN ELECTRIC POWER 49,044 81,545
AMERICAN EQUITY INVESTMENT LIFE HOLDING CO 6,107 8,482
AMERICAN EXPRESS 118,564 141,816
AMERICAN INTL GROUP, INC 114,008 142,140
AMERICAN TOWER CORP NEW COM 102,206 121,109
AMERIPRISE FINL, INC 71,112 87,361
AMGEN INC 39,701 41,068
AMGEN, INC 117,189 155,819
AMN HEALTHCARE SERVICES INC. 8,458 6,664
ANALOG DEVICES, INC 148,693 223,777
ANNALY CAPITAL MANAGEMENT INC COM NEW 10,381 10,983
ANSYS INC 51,840 59,149
ANYWHERE REAL ESTATE INC COM 7,138 9,764
AON PLC SHS CL A COM USD0.01 113,276 105,640
API GROUP CORP COM STK 13,806 20,933
APPFOLIO INC COM CL A 15,896 19,056
APPLE COMPUTER, INC 209,844 3,047,942
APPLE INC 22,966 23,524
APPLE, INC 50,478 666,924
APPLIED DIGITAL CORP COM USD0.001 (POST REV SPLIT) 5,876 7,522
APPLIED INDUSTRIAL TECHNOLOGIES INC 6,868 9,153
APPLIED MATERIALS 128,368 153,318
APPLOVIN CORP COM CL A 13,240 21,957
APTIV PLC 82,651 46,116
AQR DIVERSIFIED 314,116 316,377
ARCH CAPITAL GROUP COM STK USD0.01 50,650 52,583
ARCHER AVIATION INC COM CL A 12,111 21,263
ARISTA NETWORKS INC. 353,977 679,211
ARKO CORP COM 13,392 14,702
ARRAY TECHNOLOGIES INC COM SHS 8,092 7,644
ARTHUR J GALLAGHER & CO 94,582 104,119
ARTISAN INTL VALUE FUND INSTL 266,500 282,785
ASBURY AUTOMOTIVE GROUP INC 20,212 21,372
ASGN INC COM 5,100 7,309
AT&T, INC 266,338 296,134
ATI INC COM USD0.10 71,049 81,891
ATKORE INC COM USD0.01 26,976 28,960
ATLASSIAN CORPORATION CL A 40,501 57,562
AUTODESK INC 83,970 102,992
AUTOMATIC DATA PROCESSING 38,568 288,417
AUTONATION INC COM USD0.01 24,924 26,882
AVALONBAY COMMUNITIES INC 79,377 65,153
AVERY DENNISON CORP 52,288 78,842
AXALTA COATING SYSTEMS LTD COM USD1.00 47,614 57,545
BABCOCK &WILCOX ENTERPRISES I COM 5,675 3,526
BANK OF NEW YORK MELLON CORPORATION 157,176 185,558
BARCLAYS PLC 39,727 41,366
BARNES GROUP INC. 59,150 69,045
BC LATINOAMERICANO COM EX SA BLADEX CLASS E COM NPV 89,057 96,882
BEACON ROOFING SUPPLY, INC 17,210 21,668
BECTON DICKINSON 263,050 407,684
BENTLEY SYS INC COM CL B 27,618 30,212
BERKSHIRE HATHAWAY CL B 76,801 237,892
BERRY GLOBAL GROUP INC 41,348 47,308
BEST BUY CO, INC 25,686 27,085
BILL COM HLDGS INC COM 15,810 20,642
BLACKBAUD INC. 6,927 8,237
BLACKROCK EVENT DRIVEN EQUITY FUND INSTITUTIONAL SHARES 314,584 326,223
BLACKROCK GLOBAL EQUITY 99,058 103,142
BLACKROCK GLOBAL LONG/SHORT CREDIT FUND 102,640 105,612
BLACKROCK INC 676,530 1,919,908
BLACKSTONE INC 226,371 309,233
BLOCK, INC 17,485 22,586
BLUELINX HLDGS INC COM NEW 10,822 14,504
BOEING CO 28,944 182,462
BOISE CASCADE CO. 20,184 34,668
BOK FINANCIAL CORP 9,973 12,248
BOOKING HOLDINGS INC. 151,478 180,908
BOOZ ALLEN HAMILTON HOLDING CORPORATION 45,089 61,908
BOR GWARNER AUTOMOTIVE INC 30,950 33,341
BOSTON PPTYS, INC 9,931 10,666
BOSTON SCIENTIFC 104,876 118,626
BP CAP MARKETS AMERICA 38,175 39,070
BRAZE INC COM CL A 7,535 8,926
BRIGHT HORIZONS FAMILY SOLUTIONS INC 13,496 15,267
BRISTOL MYERS SQUIBB CO 248,376 240,234
BROADCOM INC. 589,168 1,442,196
BROADRIDGE FINANCIAL SOLUTION INC COM 47,535 65,429
BROOKFIELD BUSINESS CORPORATION CL A EXCHANGEABLE SUBORDINATE VOTING 41,498 50,424
BROWN & BROWN INC 28,060 28,231
BROWN-FORMAN CORP 67,363 60,722
BRUNSWICK CORP 15,820 18,673
CADENCE DESIGN SYSTEMS INC 912,500 2,196,119
CALVERT US LRG CAP CORE RESPNSBL INDX I 1,500,030 1,507,952
CAMPBELL SOUP CO 17,945 15,649
CANNAE HLDGS INC COM 7,898 8,740
CAPITAL ONE FINANCIAL CO 39,719 41,091
CARGURUS INC COM CL A 7,064 9,181
CARMAX, INC 26,723 28,164
CARRIER GLOBAL CORPORATION 39,533 55,267
CARS COM INC COM 13,336 13,791
CATERPILLAR, INC 184,052 591,340
CAVA GROUP INC COM 13,306 16,977
CBL &ASSOC PPTYS INC COMMON STOCK 10,850 12,332
CBOE GLOBAL MARKETS INC 24,809 33,034
CBRE GROUP INC. 56,644 70,004
CENTENE CORP 19,432 22,115
CERIDIAN HCM HLDG INC COM 23,143 21,680
CH ROBINSON WORLDWIDE, INC 29,726 26,954
CHARLES SCHWAB CORP 82,586 105,608
CHART INDS INC COM 19,144 23,449
CHARTER COMMUNICATIONS, INC. 43,301 51,306
CHEVRON CORP 238,589 347,394
CHICO S FAS INC 8,111 8,186
CHIPOTLE MEXICAN GRILL, INC 90,594 100,626
CHOICE HOTELS INTERNATIONAL INC 9,247 8,611
CHUBB LTD. 94,831 210,180
CHURCH & DWIGHT, INC 35,456 35,744
CIGNA CORP 116,473 134,453
CIMPRESS PLC COM EUR0.01 6,524 10,487
CINTAS CORP 98,809 127,161
CISCOSYSTEMS 246,805 487,366
CLARIVATE PLC COM NPV 12,140 14,844
CLOUDFLARE INC CL A COM 26,497 36,218
CME GROUP, INC 112,239 271,464
CMS ENERGY CORPORATION 23,794 52,089
COCA COLA CO 155,444 166,654
COGNIZANT TECHNOLOGY SOLUTIONS CORP 75,990 91,467
COLGATE PALMOLIVE 104,387 108,724
COLUMBIA MID CAP INDEX FUND INSTITUTIONAL 3 CLASS 1,151,526 1,839,395
COLUMBIA MID CAP INDEX FUND INSTITUTIONAL CLASS 2,827,565 4,249,400
COLUMBIA SMALL CAP INDEX FUND INSTITUTIONAL 3 CLASS 703,911 985,818
COLUMBIA STRATEGIC INCOME FUND INSTITUTIONAL 3 CLASS 537,215 476,134
COMCAST CORP 24,214 25,358
COMCAST CORP-CL A 311,621 474,633
COMM 2015-CCRE2 CMO 2015 71,689 72,220
CONAGRA BRANDS 32,118 26,854
CONCENTRIX CORP COM 20,180 25,927
CONDUENT INC COM 10,726 11,917
CONOCOPHILLIPS 73,566 106,900
CONSOLIDATED WATER CO LTD 11,519 16,412
CONSTELLATION BRANDS INC. 116,513 120,633
CONSTELLIUM SE (FRANCE) EUR0.02 CLASS A 37,589 43,553
COPA HOLDINGS SA 281,708 292,459
COPART, INC 104,989 111,230
CORE &MAIN INC CL A 14,179 20,852
CORE MOLDING TECHNOLOGIES INC 13,745 9,969
CORNING INC 31,066 29,902
COSTAR GROUP, INC 280,812 415,889
COSTCO 94,631 115,514
COTY INC 34,279 36,117
COURSERA INC COM 13,038 14,353
COVENANT LOGISTICS GROUP INC CL A 12,416 14,503
CROWDSTRIKE HOLDINGS INC. CLASS A 57,901 79,149
CROWN CASTLE INTERNATIONAL CORP 49,995 73,491
CROWN HLDGS INC COM 12,561 13,169
CUMMINS INC. 60,808 85,047
CUSHMAN AND WAKEFIELD PLC COM USD0.01 9,405 12,971
CYMABAY THERAPEUTICS INC COM 5,421 7,865
DARDEN RESTAURANTS 31,241 109,588
DATADOG INC CL A COM 36,762 55,956
DECKERS OUTDOOR CORP. 17,242 23,395
DEERE & CO 53,926 126,359
DELAWARE EMERGING MARKETS FD 233,719 230,990
DELL TECHNOLOGIES INC CL C 25,203 40,010
DEXCOM INC. 501,991 541,156
DIAGEO PLC 101,482 121,917
DIGITALOCEAN HLDGS INC COM 5,656 8,732
DISNEY (WALT) HOLDING CO 162,461 165,502
DOCUSIGN INC. 13,027 14,446
DOMINO S PIZZA INC 19,093 21,436
DONNELLEY FINL SOLUTIONS INC COM 5,839 8,170
DOORDASH INC. - A 54,614 67,839
DOVER CORP 29,375 33,069
DRAFTKINGS INC NEW COM CL A 25,846 38,810
DREAM FINDERS HOMES INC COM CL A 7,018 8,563
DROPBOX INC CL A 20,004 23,230
DTE ENERGY CO 29,849 44,104
DXC TECHNOLOGY CO. 30,496 33,848
E2OPEN PARENT HOLDINGS INC COM CL A 13,605 14,386
EAST WEST BANCORP INC 23,753 34,176
EATON CORP 75,658 179,652
EATON VANCE GLB MACRO 209,545 209,692
EBAY, INC 86,594 95,353
EDWARDS LIFESCIENCES CORP 22,605 21,121
ELASTIC N V COM EUR0.01 11,536 18,370
ELECTRONIC ARTS INC. 60,798 65,942
ELEVANCE HEALTH INC 275,789 277,748
ELI LILLY 55,254 353,832
EMCOR GROUP INC COM STK USD0.01 14,504 18,312
EMPIRE STATE REALTY TRUST A 5,937 6,531
ENERGY TRANSFER OPERATNG 22,519 23,256
ENERPAC TOOL GROUP CORP CL A COM 6,613 7,337
ENERSYS 9,141 9,591
ENOVIX CORPORATION COM 6,058 7,600
ENPHASE ENERGY INC COM USD0.00001 38,532 35,678
ENTERGY CORP 97,244 91,071
ENTERPRISE PRODUCTS OPER 34,138 34,540
ENVESTNET INC COM USD0.01 10,984 10,894
EOG RESOURCES 96,817 173,926
EPAM SYS INC COM USD0.001 24,132 27,950
EQUITABLE HOLDINGS INC. 39,119 50,416
EQUITY RESIDENTIAL PPTYS TR 26,428 27,155
ESAB CORPORATION COM 12,891 18,710
ESCO TECHNOLOGIES INC 37,578 46,812
ETSY INC. 21,834 21,802
EVERSOURCE ENERGY 41,972 47,956
EXACT SCIENCES CORP 11,994 10,875
EXLSERVICE HOLDINGS 17,082 18,047
EXP WORLD HOLDINGS INC COM ISIN #US30212W1009 SEDOL #BDH2902 11,134 10,942
EXPEDIA, INC 42,588 58,136
EXPEDITORS INTL WASH INC 60,985 66,907
EXTRA SPACE STORAGE INC 36,393 56,596
EXXON MOBIL CORP 241,234 389,622
FACTSET RESEARCH SYSTEMS INC 12,165 14,312
FAIR ISAAC CORP 32,220 47,724
FASTENAL COM STK USD0.01 49,444 58,034
FASTLY INC CL A 7,452 6,906
FERGUSON PLC ORD GBP0.10 62,607 75,104
FHLMC RA 5279 04%2051 140,428 143,151
FHLMC SD 8089 02 50%2050 139,232 139,408
FIDELITY NATIONAL FINANCIAL INC 16,117 22,449
FIDELITY NATIONAL INFORMATION 43,518 48,356
FIFTH THIRD BANC 25,886 34,352
FIRST ADVANTAGE CORP NEW COM 5,847 7,357
FIRST AMERICAN CORP 7,105 7,153
FIRST SOLAR INC 46,328 41,347
FISERV, INC 113,013 132,043
FNMA PCA0386 04%2047 148,273 158,191
FNMA PCB2293 03%2051 143,045 142,688
FNMA PCB3515 03 50%2052 116,975 118,639
FNMA PCB3586 03%2052 143,053 143,578
FNMA PCB3752 03 50%2052 96,418 96,892
FNMA PCB3897 03 50%2052 72,869 72,081
FNMA PCB4125 04%2052 144,786 146,548
FNMA PFS3024 04%2052 141,710 142,460
FNMA PMA4578 02 50%2052 145,955 143,815
FORD CREDIT AUT ABS 2023 74,484 74,588
FRANKLIN RESOURCES INC COM 14,655 17,606
FRESHWORKS INC CLASS A COM 12,864 16,631
FRONTDOOR INC COM 12,637 13,489
FRONTIER COMMUNICATIONS PARENT COM 13,699 22,274
FTAI AVIATION LTD SHS ISIN #KYG3730V1059 22,328 29,278
FTAI INFRASTRUCTURE INC COMMON STOCK 22,784 27,378
FTI CONSULTING INC 10,884 11,352
FUELCELL ENERGY INC COM 5,543 7,795
GARTNER INC 51,726 68,118
GATX CORP COM STK USD0.625 6,504 6,492
GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK 43,712 43,145
GENERAC HOLDINGS, INC 12,619 15,897
GENERAL MILLS, INC 168,946 145,979
GENPACT LTD. 18,701 17,737
GENUINE PARTS CO COM USD1.00 161,473 142,656
GENWORTH FINANCIAL INC COM USD0.001 CLASS A 10,086 11,884
GILEAD SCIENCES, INC 34,091 122,649
GLOBAL PAYMENTS 36,599 46,609
GLOBALFOUNDRIES INC COM USD0.02 22,636 23,755
GLOBANT SA USD1.20 14,243 18,800
GM FINANCIAL CO ABS 2021 71,651 73,110
GMS, INC 12,182 15,085
GODADDY INC CL A 14,611 21,338
GOLDMAN SACHS GROUP INC 33,461 34,046
GOLDMAN SACHS GROUP, INC 148,718 173,211
GOTHAM ABSOLUTE RETURN 98,038 106,221
GOTHAM INDEX PLUS FUND 52,685 54,320
GRACO ORD SHS 10,655 11,973
GRAINGER WW, INC 51,575 64,638
GRANITE CONSTRUCTION INC 8,520 9,511
GREENBRIER COMPANIES INC 9,328 9,101
GROUP ONE AUTOMOTIVE INC. 22,761 29,865
GS MORTGAGE SEC CMO 2015 99,069 99,872
GUIDEWIRE SOFTWARE INC COM USD0.0001 23,078 30,313
H&E EQUIPMENT SERVICES INC 6,354 8,790
HARLEY DAVIDSON COM USD0.01 23,502 27,298
HARTFORD FINANCIAL SVCS 8,402 9,806
HB FULLER CO 45,648 56,906
HCA HEALTHCARE INC COM 80,105 82,557
HCA INC 39,836 39,947
HEALTHEQUITY INC COM 5,458 5,437
HERC HLDGS INC COM 16,972 23,525
HEWLETT PACKARD ENTERPRISE CO. 40,204 44,505
HOME DEPOT 122,850 378,086
HONEYWELL INTL 112,255 374,333
HOST HOTELS & RESORTS, INC 49,286 57,456
HOWARD HUGHES HOLDINGS INC COM 6,931 7,956
HP INC 28,585 27,502
HUB GROUP INC. CL A 17,105 18,664
HUBSPOT INC 45,746 53,410
HUMANA INC 46,151 42,576
HUNTINGTON BANC 79,455 99,877
IBM CORP 335,509 433,571
IDEXX LABS, INC 21,509 25,532
ILLINOIS TOOL WORKS, INC 96,601 102,419
ILLUMINA INC 30,315 23,114
INFORMATICA INC COM CL A 17,815 22,655
INGERSOLL RAND INC COM 52,780 69,529
INMODE LTD COM ILS0.01 11,489 6,249
INSTRUCTURE HLDGS INC COM 10,815 12,100
INTEL CORP 111,373 196,025
INTERCONTINENTAL EXCHANGE INC COM USD0.01 108,062 131,641
INTERNATIONAL FLAVOR & FRAGRANCES INC. 49,736 51,821
INTERPUBLIC GRP 12,754 11,163
INTUIT, INC 153,429 225,011
INTUITIVE SURGICAL, INC 338,057 414,615
INVESCO QQQ TRUST 563,129 1,364,930
INVITATION HOMES INC COM 34,589 35,543
IQVIA HOLDINGS INC. 68,030 79,132
IRON MTN INC DEL COM 36,196 46,887
ISHARES MSCI EAFE INDEX FD 288,775 376,750
ISHARES MSCI EMERGING MKTS 485,521 482,520
ISHARES RUSSELL 2000 872,730 2,859,315
ISHARES RUSSELL MIDCAP 772,654 3,109,200
JABIL INC COM 11,569 15,670
JACKSON FINANCIAL INC COM CL A 11,247 19,098
JOHNSON & JOHNSON 646,621 1,607,682
JOHNSON CONTROLS INTERNATIONAL PLC COM USD1.00 85,414 81,042
JONES LANG LASALLE INC COM USD0.01 14,645 19,265
JP MORGAN CHASE & CO 318,629 830,258
JPMORGAN CHASE & CO 52,158 53,269
JPMORGAN HEDGED 105,370 109,876
KENVUE INC COM 60,765 67,798
KEURIG DR PEPPER INC COM 93,755 99,427
KEYCORP. 9,264 12,067
KIMBERLY CLARK 56,854 122,118
KINSALE CAP GROUP INC COM 13,966 13,061
KLA CORP 62,991 301,113
KOPPERS HOLDINGS INC 16,849 23,305
KRISPY KREME INC COM 8,045 9,054
KROGER CO 89,867 86,209
KYNDRYL HLDGS INC COMMON STOCK 9,837 16,707
LAM RESEARCH 94,598 316,437
LATTICE SEMICONDUCTOR CORP 8,402 6,968
LCI INDS COM 14,752 15,714
LEAR CORP 24,451 24,147
LEGALZOOM COM INC COM 7,859 8,113
LENNAR CORP COM USD0.10 CLASS B 56,335 79,760
LIBERTY MEDIA CORP DEL COM LBTY ONE S C 34,291 31,312
LIBERTY MEDIA CORP DEL COM LBTY SRM S C 12,625 14,189
LI-CYCLE HOLDINGS CORP COM NPV 23,732 3,329
LIFE TIME GROUP HOLDINGS INC COMMON STOCK 29,015 23,932
LIGHT AND WONDER INC COM 24,458 33,829
LINDE PLC NEW 120,421 173,730
LITHIA MTRS INC COM 23,994 31,611
LIVE NATION ENTERTAINMENT INC COM USD0.01 26,880 29,110
LIVERAMP HLDGS INC COM 5,991 9,053
LOCKHEED MARTIN 65,898 136,425
LPL FINANCIAL HOLDINGS INC. 20,547 23,672
LULULEMON ATHLETICA INC. 372,134 1,524,666
LUMINAR TECHNOLOGIES INC COM CL A 15,572 9,554
M &T BANK CORP COM USD0.50 48,663 54,558
MACY S INC COM USD0.01 14,415 20,965
MANHATTAN ASSOCIATES INC COM 19,120 23,039
MARKETAXESS HOLDINGS INC 8,230 10,835
MARSH & MCLENNAN COS 80,835 445,633
MARVELL TECHNOLOGY INC COM 73,451 69,417
MASTERCARD, INC CL A 97,381 525,034
MATCH GROUP INC. 12,974 13,469
MATERION CORP 62,285 76,126
MATTEL INC COM USD1.00 9,525 9,988
MAXEON SOLAR TECHNOLOGIES LIMITED 5,929 2,947
MCCORMICK-N/V 29,960 23,605
MCDONALDS CORP 113,441 215,859
MEDPACE HOLDINGS INC. 8,929 10,115
MEDTRONIC PLC SHS 210,727 223,909
MERCK & CO 542,081 1,713,794
META PLATFORMS INC 385,977 812,692
METLIFE, INC 75,459 93,838
METTLER-TOLEDO 30,365 27,898
MFS EMERGING MKTS DEBT FD R6 366,657 289,782
MFS INTERNATIONAL GROWTH 266,500 271,458
MICROCHIP TECHNOLOGY, INC 131,806 172,063
MICRON TECH 92,451 107,016
MICROSOFT 881,883 8,931,702
MIDDLESEX WATER ORD SHS 44,425 38,453
MILLERKNOLL INC COMMON STOCK 7,559 8,217
MODINE MANUFACTURING CO 17,560 22,746
MOLSON COORS BEVERAGE CO. 40,984 41,623
MONDEE HOLDINGS INC CLASS A COM 3,440 2,542
MONDELEZ INTL INC CL A 220,016 258,430
MONGODB INC CL A 30,989 44,565
MOODY'S CORP 91,884 114,825
MORGAN STANLEY 388,533 375,672
MORNINGSTAR INC 6,048 6,584
MOTOROLA SOLUTIONS, INC. 369,719 444,588
MRC GLOBAL INC COM USD0.01 6,844 8,235
MSCI INC-A 178,259 452,520
NASDAQ INC COM STK 35,155 38,779
NATIONAL RURAL UTIL COOP 39,734 40,489
NCR CORP 19,970 22,389
NESTLE SA 76,116 111,583
NEUBERGER BERMAN LONG 297,672 326,402
NEWMARK GROUP INC CL A 6,509 12,122
NEWS CORP NEW COM USD0.01 CL B 11,658 15,020
NEXTERA ENERGY 12,802 59,464
NEXTRACKER INC CLASS A COM 5,723 7,262
NIKE, INC CL B 156,303 163,398
NORDSTROM INC COM NPV 10,873 10,535
NORTHERN TRUST CORP 25,013 29,533
NORTHROP GRUMMAN 128,085 165,722
NORTONLIFELOCK INC. 36,988 49,246
NU HOLDINGS LTD USD0.000006666666 CLASS A 47,919 50,305
NUTANIX INC CL A 14,411 22,510
NVENT ELECTRIC PLC COM USD0.01 30,277 39,472
NVIDIA CORPORATION 394,058 5,075,015
NVR INC COM USD0.01 28,520 35,002
OKTA, INC CL A 19,565 21,546
OLYMPIC STEEL INC 39,603 59,563
OMNICOM GROUP, INC 8,300 7,959
ON HLDG AG NAMEN-AKT 388,085 357,191
ONE GAS INC COM USD0.01 127,652 103,672
ORACLE CORP 180,993 182,499
OREILLY AUTOMOTIVE INC COM 351,903 510,193
OTIS WORLDWIDE CORP COM 9,206 83,654
PACCAR INC COM USD1.00 67,574 91,986
PACKAGING CORP OF AMERICA COM USD0.01 33,087 50,176
PAGSEGURO DIGITAL LTD COM CL A 10,913 15,176
PALO ALTO NETWORKS, INC. 881,075 2,658,048
PARK AEROSPACE CORP COM 21,295 23,329
PARKER HANNIFIN 63,576 232,193
PARKER-HANNIFIN CORP 19,218 19,840
PARNASSUS CORE EQUITY FUND I 3,000,030 3,026,840
PARNASSUS ENDEAVOR I 1,000,030 1,009,167
PATRIA INVESTMENTS LTD COM USD0.0001 CL A 28,007 29,640
PAYCHEX, INC 107,465 103,626
PAYCOM SOFTWARE INC COM USD0.01 57,820 54,574
PAYLOCITY HOLDING CORP 16,228 15,826
PAYPAL HOLDINGS, INC 55,107 56,743
PENTAIR PLC SHS 26,785 33,665
PEPSICO 201,852 678,851
PERFICIENT INC. 7,092 6,977
PETCO HEALTH &WELLNESS CO INC COM 5,578 4,740
PFIZER, INC 197,341 152,961
PHILIP MORRIS INTL INC 40,818 41,990
PHILIP MORRIS INTL INC. 72,723 132,465
PIMCO COMMODITIESPLUS STRATEGY FUND CL INST 333,340 191,507
PINTEREST INC. 28,449 41,300
PIONEER HIGH YIELD CLASS Y 4,395 3,364
PLANET FITNESS, INC CL A 10,254 13,651
PNC FINANCIAL SERVICES 206,590 441,632
POWELL INDUSTRIES INC 8,260 9,105
PPG INDS INC 259,836 259,768
PRINCIPAL FINANCIAL GROUP, INC 42,341 48,618
PRINCIPAL SPECTRUM PRFRD 259,118 222,623
PROCORE TECHNOLOGIES INC COM 22,571 31,011
PROCTER & GAMBLE 353,787 1,152,977
PROGRESSIVE CORP OF OHIO 89,305 109,744
PROLOGIS INC. COM 61,673 68,516
PRUDENTIAL FIN'L 80,541 101,325
PTC INC 40,477 52,838
PUBLIC STORAGE 61,333 64,660
PULTE HOMES, INC 18,220 28,489
QUALCOMM 120,451 158,804
QUALYS INC. 6,730 7,851
QUANTA SERVICES, INC 517,024 623,446
R1 RCM INC COM 10,422 6,902
RAYMOND JAMES 18,819 21,074
RAYTHEON TECHNOLOGIES CORP. 13,507 109,382
REALTY INCOME CORP 16,313 16,020
REGENERON PHARMACEUTICALS INC. 68,632 83,438
REGIONS FINANCIAL CORP. 67,479 73,470
RELIANCE STEEL & ALUMINUM CO 136,842 160,536
ROBINHOOD MARKETS INC 14,497 20,269
ROCKET COS INC COM CL A 7,388 13,785
ROCKET LAB USA INC COM 27,049 34,308
ROCKWELL AUTOMATION INC. 648,319 1,690,253
ROKU INC. 9,729 15,949
ROLLINS INC 22,669 24,193
ROYAL BANK OF CANADA 31,196 32,348
RUSH ENTERPRISES INC 11,369 15,152
RXO INC COMMON STOCK 12,921 14,561
RYMAN HOSPITALITY PROPERTIES INC 16,852 20,581
S&P GLOBAL INC 174,870 213,212
SABRE CORP COM 9,868 13,209
SALESFORCE.COM 410,314 1,975,392
SAVERS VALUE VLG INC COM 8,958 10,133
SBA COMMUNICATIONS CORP NEW CL A 37,427 42,366
SEAWORLD ENTERTAINMENT INC 21,552 22,928
SENSIENT TECHNOLOGIES CORP 8,517 9,702
SENTINELONE INC CL A 7,203 12,814
SERVICENOW INC. 340,456 2,218,378
SHIRE ACQ INV IRELAND DA 18,708 19,244
SHUTTERSTOCK INC COM USD0.01 7,510 8,739
SIMON PPTY GROUP, INC 61,654 86,155
SIRIUS XM HLDGS INC COM 20,667 27,574
SITEONE LANDSCAPE SUPPLY INC COM 14,685 16,900
SIX FLAGS ENTERTAINMENT CORP 9,434 10,333
SJW GROUP ORD SHS 69,687 63,063
SMUCKER J M CO 24,087 20,726
SNAP-ON INC 11,846 13,287
SNOWFLAKE INC. 61,847 82,187
SONIC AUTOMOTIVE INC 8,092 10,399
SOTERA HEALTH CO COM 8,648 10,194
SOUTHERN CO 111,926 114,155
SOUTHWEST GAS HOLDINGS INC. 209,766 227,933
SP PLUS CORP 23,688 23,626
SPLUNK INC. 25,860 38,545
SPOTIFY TECHNOLOGY SA 29,149 36,830
SPROUT SOCIAL INC COM CL A 7,154 10,076
SPS COMM INC COM 19,163 22,873
STAGWELL INC COM CL A ISIN #US85256A1097 SEDOL #BMZ0FM5 5,898 8,473
STANLEY BLACK & DECKER 14,715 18,345
STATE STREET CORP 29,355 32,998
STEPAN CO 17,410 19,194
STONECO LTD COM USD0.000079365 CLASS A 14,330 21,275
STRYKER CORP 107,239 117,987
SUNNOVA ENERGY INTL INC. COM 25,584 26,916
SUNPOWER CORP 10,084 11,500
SUNRUN INC COM 12,106 14,821
SUNSTONE HOTEL INVESTORS INC 12,410 13,681
SYNCHRONY CARD ABS 2022 - SYNIT 2022 3.37% 04/17/28 77,072 78,241
SYNOPSYS, INC 114,348 132,332
SYSCO CORP 107,458 111,084
T MOBILE US INC 124,955 148,466
T ROWE PRICE GROUP, INC 82,344 143,551
TAKE-TWO INTERACTIVE SOFTWARE INC 40,700 47,158
TANGER FACTORY OUTLET CTRS INC COM 8,189 10,811
TARGA RESOURCES PARTNERS 25,082 26,175
TARGET CORP 77,423 124,760
TARO PHARMACEUTICALS INDS LTD ORD 9,344 10,236
TAYLOR MORRISON HOME CORP COM 8,369 10,403
TERADATA CORP 10,672 10,268
TEREX CORP 6,106 7,297
TESLA MOTORS, INC 333,277 386,138
TETRA TECH INC. 7,095 8,680
TEXAS INSTRUMENTS 169,366 1,162,878
TEXTAINER GROUP HOLDINGS LTD 29,670 33,899
THE ODP CORP COM 11,535 15,708
THE TRADE DESK INC COM CL A 191,686 382,252
THERMO FISHER SCIENTIFIC, INC. 190,231 219,747
TIAA-CREF SOCIAL CHOICE I 2,000,030 2,014,079
TITAN INTERNATIONAL INC 5,918 8,303
TJX COS INC 226,177 1,500,209
TOPBUILD CORP. 23,440 33,309
TOYOTA MOTOR CORP ADR 36,363 61,799
TRACTOR SUPPLY CO 42,177 44,296
TRADEWEB MKTS INC CL A 13,200 17,358
TRANE TECHNOLOGIES PLC 45,280 142,438
TRANSUNION COM 40,112 40,539
TRAVELERS COMPANIES, INC 49,525 54,861
TRILLIUM ESG GLOBAL EQUITY FUND INSTL 9,623,510 10,153,847
TRINET GROUP INC. 10,452 13,915
TRINITY INDUSTRIES INC COM USD0.01 15,908 17,736
TRUIST FINANCIAL CORP 49,046 48,972
TRUIST FINL CORP COM 62,844 75,834
TRUPANION INC COM USD0.00001 5,729 8,543
TWILIO INC. CLASS A 13,620 17,147
TWO HBRS INVT CORP COM 6,025 6,422
TYLER TECHNOLOGIES, INC 35,582 37,631
U.S. TREASURY NOTE 1,194,244 1,212,121
UBER TECHNOLOGIES INC. 402,062 747,337
UBS INTL SUSTAINABLE EQUITY FUND 5,927,311 6,291,582
UDEMY INC COM 5,267 7,763
UIPATH INC CL A 14,444 21,710
UNION PACIFIC CORP 151,644 283,937
UNITED PARCEL SVC, INC CL B 161,634 177,355
UNITEDHEALTH GROUP 739,071 3,114,597
UNITEDHEALTH GROUP INC 19,948 19,907
UNITI GROUP INC. 6,838 10,988
UNITY SOFTWARE INC COM 11,862 18,932
UNUM GROUP 20,039 20,259
US BANCORP, INC 53,182 78,294
USD BANK NOVA SCOTIA 49,482 49,902
V2X INC COM 30,744 34,366
VALERO ENERGY 97,009 138,060
VALMONT INDUSTRIES INC 21,102 24,986
VANGUARD DEVELOPED MARKETS INDEX FUND 226,325 239,500
VANGUARD MSCI EMERG MKTS 337,438 369,900
VEEVA SYSTEMS INC. CLASS A 252,939 421,619
VENTAS REIT 16,585 19,338
VERISIGN, INC 27,998 28,422
VERISK ANALYTICS INC. 54,742 60,432
VERIZON COMMUNICATIONS 211,331 178,396
VERRA MOBILITY CORP CL A COM STK 6,275 7,531
VERTEX PHARMACEUTICALS, INC 89,056 109,860
VERTIV HOLDINGS CO COM CL A 15,940 38,280
VICI PPTYS INC COM 39,337 41,030
VICOR CORP 8,720 10,067
VICTORY MARKET NEUTRAL 52,685 53,232
VIRGIN GALACTIC HOLDINGS INC COM 23,764 22,587
VISA, INC 985,913 4,533,736
VITESSE ENERGY INC COMMON STOCK 96,929 96,010
VOYA FINANCIAL INC. 5,725 6,056
VZMT 2021-1 A ABS 2021 70,796 73,515
WAL-MART 225,497 340,682
WARNER BROS DISCOVERY INC COM SER A 21,609 18,128
WARNERMEDIA HOLDINGS INC 36,037 36,015
WASTE MGMT, INC 38,840 231,935
WATSCO INC 24,172 31,707
WAYFAIR INC 15,668 13,204
WEAVE COMMUNICATIONS INC COM 8,034 8,557
WEC ENERGY GROUP, INC. 41,982 73,901
WELLS FARGO & CO 234,638 245,755
WELLTOWER INC. 70,113 71,956
WESCO INTERNATIONAL INC 19,973 23,822
WEST PHARMACEUTICAL SERVICES 26,262 26,761
WESTERN ALLIANCE BANCO 11,050 20,461
WESTERN DIGITAL CORP 8,341 10,998
WESTINGHOUSE AIR BRAKE TECH CORP. 36,592 48,857
WEX INC 11,039 12,646
WHITE MOUNTAINS INSURANCE GROUP LTD. 15,534 16,555
WILLIAMS-SONOMA INC 17,907 23,810
WILLIS TOWERS WATSON PLC 38,403 41,486
WILLSCOT MOBIL MINI HLDNG CORP COM CL A 13,397 14,196
WINMARK CORP 6,361 6,263
WISDOMTREE EMERGING MKTS S/C DIV FD 106,574 124,800
WORKDAY INC. CLASS A 68,526 87,787
WORKIVA INC COM CL A 6,155 6,599
WR BERKLEY CORP 10,233 10,608
WW INTL INC COM 8,824 8,278
WYNDHAM HOTELS & RESORTS INC. 21,346 23,641
XYLEM ORD SHS 60,202 70,903
YELP INC 7,953 8,663
ZEBRA TECH CORP CL A 11,862 12,300
ZIFF DAVIS INC COM 9,870 10,683
ZIMMER HOLDINGS INC 8,543 8,154
ZOETIS INC. 387,252 1,289,419
ZOOM VIDEO COMMUNICATIONS INC. 32,563 34,876
ZOOMINFO TECHNOLOGIES INC COMMON STOCK 21,582 18,656

TY 2023 InvestmentsOtherSchedule2
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CLEAN GROWTH FEEDER FUND VI, LP AT COST 534,925 880,033
IMPACT ENGINE PRIVATE EQUITY FUND II LP AT COST 413,446 409,535
WELLINGTON CLIMATE INNOVATION FEEDER FUND (CAYMAN) L. P. AT COST 280,846 231,222
PIMCO FUNDS - PIMCO DYNAMIC BOND FUND AT COST 106,786 108,478
DOUBLELINE TOTAL RETURN BOND FUND CL I AT COST 2,870,120 2,751,965
CCM COMMUNITY IMPACT BOND FUND INSTITUTIONAL SHARES AT COST 692,170 635,565
ISHARES CORE US AGGREGATE BOND FUND AT COST 3,703,666 3,703,911
RBC IMPACT BOND FUND CLASS I AT COST 10,519,186 10,672,956
TIAA-CREF CORE IMPACT BOND FUND INSTITUTIONAL CLASS AT COST 698,087 626,107
INVESCO EXCHANGE TRADED FD TR WATER RES ETF AT COST 188,946 669,338
INVESCO FTSE RAFI US 1000 ETF AT COST 50,473 146,608
INVESCO FTSE RAFI US 1500 SMALL-MID ETF AT COST 319,649 937,250
INVESCO S&P 500 EQUAL WEIGHT ETF AT COST 242,243 736,453
INVESCO SOLAR ETF AT COST 280,748 124,466
INVESCO WILDERHILL CLEAN ENERGY ETF AT COST 154,151 99,057
ISHARES COHEN & STEERS REIT ETF AT COST 259,866 352,380
SPDR S&P EMERGING MARKETS SMALL CAP ETF AT COST 146,888 207,039
INVESCO WILDERHILL CLEAN ENERGY ETF AT COST 308,349 198,143
INVESCO EXCHANGE TRADED FD TR WATER RES ETF AT COST 458,139 1,622,954
SPDR MSCI ACWI EX US ETF AT COST 525,933 540,800
INVESCO SOLAR ETF AT COST 561,616 248,984
INVESCO FTSE RAFI US 1500 SMALL-MID ETF AT COST 639,289 1,874,500
INVESCO S&P 500 EQUAL WEIGHT ETF AT COST 484,417 1,472,695

TY 2023 LegalFeesSchedule
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 6,651 0   6,651


TY 2023 OtherAssetsSchedule
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI LOAN TO MASSACHUSETTS HOUSING INVESTMENT CORPORATION 3,000,000 3,000,000 3,000,000
PRI LOAN TO THE CONSERVATION FUND FOR AMICALOLA AND NIMBELWILL TRACTS 1,000,000    
PRI- RECOVERABLE GRANT TO THE CONSERVATION FUND FOR FONES CLIFF VA 1,000,000 1,000,000 1,000,000
PRI- RECOVERABLE GRANT TO THE CONSERVATION FUND FOR SKILES/BOONE-NUTE SLOUGH 1,000,000    


TY 2023 OtherDecreasesSchedule
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Description Amount
OTHER DECREASES 6,227


TY 2023 OtherExpensesSchedule
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 10,128 0   10,128
FILING FEES 200 0   200
BANK FEES 1,558 1,558   0
TRAVEL 3,172 0   3,172
BUSINESS EXPENSE 2,525 0   2,525
NON DEDUCTIBLE EXPENSES 8,894 0   0
MISC EXP 136 0   136


TY 2023 OtherIncomeSchedule2
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME FROM PASSTHROUGH -58,537 -58,537 -58,537
NONTAXABLE INCOME 20,395 0 20,395
UBI FROM PASSTHROUGH -8,241   -8,241
OTHER INCOME 0   -38,142


TY 2023 OtherProfessionalFeesSchedule
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FINANCIAL SERVICES FEES 189,476 189,476   0
INVESTMENT ADVISORY FEES 682,457 682,457   0
CONSULTING FEES 950 0   950
ANCILLARY FEES 75,000 0   75,000


TY 2023 TaxesSchedule
Name:
FRANK E PAYNE AND SEBA B PAYNE
 
FOUNDATION
EIN:
87-1526433
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENTS 150,000 0   0
FOREIGN TAXES 31,804 31,804   0