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
T S Martin Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

47-5447144
B Telephone number (see instructions)

(800) 839-1754
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$1,192,208J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 587 587  
4 Dividends and interest from securities... 29,039 28,130  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,390
b Gross sales price for all assets on line 6a 144,032
7 Capital gain net income (from Part IV, line 2)... 12,390
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 42,016 41,107  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
11,325 11,325    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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
6,364     6,364
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 17,689 11,325   6,364
25 Contributions, gifts, grants paid....... 51,587 51,587
26 Total expenses and disbursements. Add lines 24 and 25 69,276 11,325   57,951
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -27,260
b Net investment income (if negative, enter -0-) 29,782
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 19,390 28,042 28,042
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)....... 941,559 Click to see attachment
List of Attached Documents:
// Content
904,490 		1,158,080
c Investments—corporate bonds (attach schedule)....... 4,946 Click to see attachment
List of Attached Documents:
// Content
6,104 		6,086
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)..........      
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) 965,895 938,636 1,192,208
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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 965,896 938,636
29 Total net assets or fund balances (see instructions)..... 965,896 938,636
30 Total liabilities and net assets/fund balances (see instructions). 965,896 938,636
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
965,896
2
Enter amount from Part I, line 27a .....................
2
-27,260
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
938,636
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
938,636
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 Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 144,032   131,642 12,390
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       12,390
b
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 12,390
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) 1 414
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........................... 3 414
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- ..... 5 414
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 988
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.............. 7 988
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 574
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow574 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 arrowDE
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Janet A Martin Pres, Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Laura Martin Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
T Scott Martin Dir, Sec, Treas, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
1,109,858
b
Average of monthly cash balances.......................
1b
32,431
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,142,289
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
1,142,289
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
17,134
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,125,155
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
56,258
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
56,258
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
414
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
414
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
55,844
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
55,844
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
55,844
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
57,951
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
57,951
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 55,844
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 57,151
b Total for prior years:2021, 2020, 2019  
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 ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 57,951
a Applied to 2022, but not more than line 2a 57,151
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..... 800
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		55,044
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) ... 		 
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.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
Janet A Martin
T Scott Martin
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

BOULDER COMMUNITY HEALTH FOUNDATION

PO BOX 19320
BOULDER,CO80308 		N/A PC General & Unrestricted 50,787

BOULDER HISTORICAL SOCIETY INC

2205 BROADWAY
BOULDER,CO80302 		N/A PC Museum of Boulder 800
Total .................................right arrow 3a 51,587
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 ........... 		    14 587  
4 Dividends and interest from securities ....     14 29,039  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 12,390  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   42,016  
13Total. Add line 12, columns (b), (d), and (e)..................
13
42,016
(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


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Form 990PF - Special Condition Description:
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TY 2023 DepreciationSchedule
Name:
T S Martin Family Foundation
EIN:
47-5447144
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 InvestmentsCorpBondsSchedule
Name:
T S Martin Family Foundation
EIN:
47-5447144
Name of Bond End of Year Book Value End of Year Fair Market Value
ELECTRONIC ARTS INC NOTE - 4.8 2,230 2,003
F&G ANNUITIES & LIFE INC - 7.9 1,158 1,187
JP MORGAN CHASE - 4.600% - 12/ 2,716 2,896

TY 2023 InvestmentsCorpStockSchedule
Name:
T S Martin Family Foundation
EIN:
47-5447144
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 8,140 11,007
ACCENTURE PLC 4,545 12,984
ADOBE SYSTEMS, INC 9,491 20,284
AFFIL MANAGERS GR PFD STOCK - 1,264 1,321
AFFILIATED MANAGERS GROUP INC 761 625
AGNC INVESTMENT CORP CUML 6.87 577 541
AGNC INVESTMENT PFD SER C 1,091 1,068
AGNC INVT CORP 6.500% PFD 601 556
AGNCP 1,203 1,110
AIR LEASE CORP - PFD CLASS A 1,528 1,718
AIRBNB 8,768 12,525
ALGONQUIN PWR &UTILITY PFD - 0 2,920 2,823
ALIGN TECHNOLOGY, INC 2,316 3,014
ALLSTATE CORP SUB DE FIXED TO 1,627 1,634
ALLSTATE CORPORATION PFD 7.37 1,263 1,350
ALLSTATE PFD SER H 1,323 1,167
ALPHABET INC CL C 6,609 22,972
ALPHAONE VIMCO SMALL CAP VALUE 8,055 12,029
AMAZON COM 34,903 48,924
AMERICAN EQUITY INVT LIFE HLDG 2,582 2,207
AMERICAN EQUITY INVT LIFE PFE 2,927 2,902
AMERICAN FINANCIAL GROUP 5.625 646 602
AMERICAN FUNDS STRATEGIC BOND 9,269 7,354
AMERICAN HOMES 4 R 597 608
ANNALY CAPITAL MANAGEMENT PFD 2,283 2,235
APOLLO GLOBAL MGMT INC 7.625% 2,144 2,335
APPLE INC 4,716 6,739
ARCH CAPITAL GROUP 4.55% SER-G 711 617
ASPEN INSURANCE HOLDINGS LIMIT 7,130 7,252
ASPEN INSURANCE HOLDINGS PREF 1,473 1,211
ASPEN INSURANCE PERP 608 624
ASSURANT 5.25% SUBORDINATED NO 2,784 2,293
AT & T INC 5.000% PFD SER A 1,735 1,742
AT&T DEPO SHA REP 1000 PREFERR 4,354 4,242
AT&T INC GLOBAL 66 5.35000% 11 2,303 2,439
ATHENE HLDG DS LTD PFD SER A 1,817 1,686
ATHENE HLDG LTD 5.625% PFD SER 2,108 1,838
ATHENE HOLDING 1000 DEPOSITARY 2,138 2,034
ATHENE HOLDING LTD 7.75%DP RT 1,693 1,698
ATLANTIC UN BANKSHARES 6.875% 906 778
AUTODESK, INC 8,242 10,226
AVALONBAY CMNTYS INC 4,957 5,804
AXIS CAPITAL HLDGS LTD NON-CUM 2,513 2,342
BAC CAPITAL TR X - 6.250% - 03 1,153 1,142
BANK AMER DS PFD SER KK 1,992 2,163
BANK OF AMER CORP 4.750% SERIE 563 603
BANK OF AMERICA CORP - 7.250% 6,681 6,026
BANK OF AMERICA CORP 4.375% PF 2,875 2,430
BANK OF AMERICA CORP PFD 1,784 1,731
BANK OF AMERICA CORPORATION DE 2,528 2,411
BERKLEY W R CORP - 5.100% - 12 677 659
BERKSHIRE HATHAWAY INC. CLASS 3,578 7,133
BIP BERMUDA HLDGS I LTD PFD - 782 590
BROOKFIELD - 4.635% - 10/16/20 1,553 1,198
BROOKFIELD BRP HOLDINGS 4625% 1,630 1,189
BROOKFIELD FINANCE I 450% PERP 1,674 1,245
BROOKFIELD INFRA FINULC - 5.00 1,553 1,175
CAPITAL ONE FINCL CORP 5.000% 2,840 2,232
CAPITAL ONE FINL DS REPRESENTI 1,416 1,129
CARLYLE FIN LLC NT CAL 61 - 4. 1,508 1,441
CHS INC - PFD CLASS B 3,474 3,312
CHS INC PFD - 6.750% - 12/31/2 2,832 2,759
CHS INC PFD 7.10% CL B 5,778 5,568
CHS INC PFD CL B 601 557
CHURCH & DWIGHT 3,434 3,877
CITIGROUP INC PFD SER J - 7.12 1,182 1,102
CITIZENS FINANCIAL GROUP INC P 2,429 2,280
CITIZENS FINANCIAL GROUP INC P 490 596
CMS ENERGY CORP 5.875 NTS 79 5 2,332 2,397
CMS ENERGY CORPORATION PFD - 5 594 594
COLGATE-PALMOLIVE COMPANY 3,823 4,145
COMMERCE BOND INSTITUTIONAL FU 14,583 13,024
DANAHER CORP 2,080 4,164
DIGITAL REALTY PFD SER L 1,337 1,248
DIGITAL RLTY RED PREF SHS SERI 1,265 1,267
DOLLAR GENERAL CORP 1,614 1,495
DOLLAR THRIFTY AUTO 683 607
DTE ENERGY PFD SHARES - 5.25% 621 587
DUKE ENERGY CO 4,347 5,046
ELECTRONIC ARTS 5,010 5,336
ELI LILLY & CO 2,982 2,915
ENSTAR GROUP LTD 7.00% SER D 1,732 1,731
EQUITABLE HOLDINGS INC PFD SER 1,408 1,258
FIFTH THIRD BANCORP PFD SER A 611 579
FIRST HORIZON NATIONAL CORPORA 647 580
FIRST HORIZON NATL PFE SER E 627 610
FIRST TRUST NASDAQ CYBERSECURI 5,509 8,830
FITB - 6.625% - PFD SER 1 2,848 2,776
FNB CORP 7.25% PFD 1,256 1,189
FORD MTR CO DEL CALLNT 62 08/1 1,218 1,139
FORTREA HOLDINGS INC 295 349
GARTNER INC 2,056 7,669
GLOBAL NET LEASE CUM RED PRF S 425 396
GOLDMAN SACHS GP PFD - 6.375% 3,435 3,361
HONEYWELL INTL 3,852 4,614
HUNTINGTON BANCSHARES SER C 5. 682 603
HUNTINGTON BNCSH.A 8.5% CV PFD 739 564
IMGP DOLAN MCENIRY CORPORATE B 16,778 15,612
INVESCO DYNAMIC PHARMACEUTICAL 3,466 4,414
INVESCO DYNAMIC SEMICONDUCTORS 3,094 8,465
INVESCO PREFERRED ETF 1,726 1,755
INVESCO S&P GLOBAL WATER INDEX 3,010 4,241
ISHARES MSCI USA MIN VOLATILIT 39,386 57,039
ISHARES MSCI USA MOMENTUM FACT 29,572 38,595
ISHARES MSCI USA QUALITY FACTO 37,515 59,444
JOHNSON & JOHNSON 4,239 4,702
JP MORGAN CHASE & CO PFD SER D 300 300
JPMORGAN CHASE & CO 4.550% PFD 2,901 2,952
JPMORGAN CHASE & CO 6.00% PFD 551 557
JPMORGAN CHASE 4.625% PFD SER 6,240 6,139
JPMORGAN MORTGAGE BACKED SECUR 6,190 5,461
JXN-PA 1,089 1,111
KAYNE ANDERSON MLP INV CO 7,342 7,498
KEMPER CORP 5.875% DUE 03/15/2 693 603
KEYCORP 6.125% DEP PFD SERIES 1,414 1,201
KEYCORP DEPOSITORY SHARES 474 599
KEYCORP SER H 6.2% 2,026 1,824
KKRS 1,436 1,248
LABORATORY CORP AMER HLDGS 1,672 2,273
LINCOLN NATL CORP SER D 9.0% 2,991 3,111
LOCKHEED MARTIN CORP 3,297 4,079
M&T BANK - 5.625% - PFD SER H 4,633 4,568
MAINSTAY TAX FREE BOND FUND CL 15,748 14,228
MARSH AND MCLENNAN COMPANIES I 3,295 6,063
MASTERCARD INC 9,074 15,781
MCDONALD'S CORP 3,032 5,930
MICROSOFT CORP 17,036 39,107
MORGAN STANLEY - 6.375% PFD CL 4,698 4,457
MORGAN STANLEY 6.5% DP SH PFD 1,372 1,387
MORGAN STANLEY PFD K 625 557
MORGAN STANLEY PFD SER E - 7.1 1,187 1,104
MORGAN STANLEY PFD SER F - 6.8 4,948 4,629
MUZINICH CREDIT OPPORTUNITIES 11,335 10,039
N S GROUP INC 528 543
NETFLIX INC 7,467 16,554
NEW YORK CMNTY BANCORP CUML SE 4,497 3,989
NIKE INC-CL B 2,872 5,537
NISOURCE INC. PFD. SERIES B 1,777 1,697
NORFOLK SOUTHERN CORP 1,193 3,309
NOVO NORDISK A S 6,030 6,724
ORACLE CORP 3,142 5,904
PAYCHEX 1,868 2,978
PAYPAL HOLDINGS, INC 13,872 11,422
PEPSICO INC 3,942 4,246
PINNACLE FINL PRTNRS PFD B 6.7 1,743 1,582
POLEN GROWTH FUND INSTITUTIONA 29,252 41,647
PRUDENTIAL FINL INC CAL NT 62 582 585
PRUDENTIAL FINL INC PFD DUE 09 1,390 1,141
PRUDENTIAL HIGH YIELD FUND, IN 11,366 10,157
PUBLIC STORAGE DEP 668 599
PUBLIC STORAGE PFD SER A 6.125 743 599
PUBLIC STORAGE SERIES P CUM PF 1,488 1,162
REGENERON PHARMACEUTICALS INC 2,946 4,391
REGIONS FINANCIAL CORP NEW MON 1,490 1,359
REGIONS FINANCIAL SER C 625 597
REINSURANCE GROUP OF AMERICA I 5,533 5,612
REINSURANCE GRP OF AMERICA INC 1,094 1,121
REPUBLIC SVCS INC 2,771 5,277
SALESFORCE.COM 11,430 16,578
SCE TRUST IV NEW MONEY PFD SER 603 594
SCE TRUST IV PFD K 2,828 3,116
SCE TRUST VI PFD 5.00% 708 655
SCE TRUST VII SER M 7.5% 1,721 1,773
SCHWAB CHARLES NEW 40 DS REPST 702 590
SELECT SECTOR SPDR ENERGY FUND 4,844 4,863
SELECT SECTOR SPDR UTILITIES 6,118 6,206
SEMPRA ENERGY PRFD CL A 574 2,352
SERVICE NOW 10,610 22,608
SOUTHERN CO CAL - 0.000% - 10/ 2,028 1,707
SPDR S&P 500 ETF TRUST 12,855 25,191
SPDR S&P AEROSPACE AND DEFENSE 14,956 20,042
SPDR WELLS FARGO PREFERRED STO 13,087 10,358
STATE STREET 5.35% - CLASS B 4,240 4,031
STATE STREET CORP NEW MONEY PF 1,147 1,126
STRYKER CORPORATION 4,374 6,289
T-MOBILE US INC 2,638 4,008
TCW GALILEO TOTAL RETURN BOND 12,043 9,486
THE COCA-COLA CO 4,573 5,716
THE HERSHEY COMPANY 4,938 4,475
THE SOUTHERN COMPANY 1,241 1,146
THERMO FISHER SCIENTIFIC INC 8,837 8,493
TRUIST FIN PFD SER R 2,138 1,791
TRUIST FINANCIAL CORP PFD SER 1,303 1,178
UNITED STATES CELLULAR CORPORA 1,297 1,232
UNITEDHEALTH GROUP INC 6,925 11,056
US BANCORP PFD SER M 539 648
US CELLULAR CORP 5.500% PFD DU 750 615
US CELLULAR CORP 6.250% PFD DU 1,231 1,206
VALLEY NATIONAL BANCORP SER A 1,384 1,119
VANGUARD FIN ETF 8,866 11,256
VERALTO CORPORATION 275 494
VERIZON COMMUNICATIONS 3,862 2,978
VERTEX PHARMCTLS INC 3,015 4,476
VIRTUS KAR SMALL CAP VALUE FUN 9,045 11,660
VISA INC 9,061 19,526
WAL-MART STORES INC 4,527 5,991
WALT DISNEY HOLDINGS CO 3,355 3,070
WASATCH EMERGING INDIA FUND 5,417 7,655
WASTE MANAGEMENT INC 4,748 5,910
WCM FOCUSED INTL GROWTH FUNDS 6,147 7,686
WELLS FARGO & CO 4.700% PFD SE 2,885 2,767
WELLS FARGO & CO. PRFD 'L' 5,234 4,782
WELLS FARGO & COM 4.25 SER-DD 2,186 1,742
WELLS FARGO ADVT STRATEGIC MUN 13,752 13,241
WELLS FARGO COMPANY PREFERRED 3,078 2,990
WELLS FARGO PFD SER R - 6.625% 1,423 1,330
WESBANCO DS REPRESENTING 1/40T 388 359
WESCO INTL INC PFD SER A 1,857 1,664
WINTRUST FIN CORP - 6.500% - P 2,577 2,273
WINTRUST FINL 1 DS REPSTG 1000 1,799 1,752
WORKDAY INC 6,234 7,730
YUM BRANDS INC 1,756 2,875
ZIONS BANCORPORATION 6.3% SRS 2,295 2,252
ZOETIS INC 3,543 8,487

TY 2023 OtherExpensesSchedule
Name:
T S Martin Family Foundation
EIN:
47-5447144
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 6,339     6,339
State or Local Filing Fees 25     25


TY 2023 OtherProfessionalFeesSchedule
Name:
T S Martin Family Foundation
EIN:
47-5447144
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 11,325 11,325