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
WALTER E TERHUNE MEMORIAL FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)4900 TIEDEMAN ROAD OH-01-49-0381
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BROOKLYN, OH44144
A Employer identification number

35-2446722
B Telephone number (see instructions)

(419) 259-6197
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$13,955,641J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 280,598 280,598  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,288,748
b Gross sales price for all assets on line 6a 3,747,065
7 Capital gain net income (from Part IV, line 2)... 2,288,748
8 Net short-term capital gain......... 0
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........ 2,569,346 2,569,346  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 70,281 52,711   17,570
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,050 0 0 1,050
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
16,269 3,729   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
206 6   200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 87,806 56,446 0 18,820
25 Contributions, gifts, grants paid....... 625,000 625,000
26 Total expenses and disbursements. Add lines 24 and 25 712,806 56,446 0 643,820
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,856,540
b Net investment income (if negative, enter -0-) 2,512,900
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 730,838 1,078,714 1,078,714
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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).......      
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).......... 5,700,273 Click to see attachment
List of Attached Documents:
// Content
7,209,024 		12,876,927
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) 6,431,111 8,287,738 13,955,641
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
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........ 6,431,111 8,287,738
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 6,431,111 8,287,738
30 Total liabilities and net assets/fund balances (see instructions). 6,431,111 8,287,738
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
6,431,111
2
Enter amount from Part I, line 27a .....................
2
1,856,540
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
107
4
Add lines 1, 2, and 3 ..........................
4
8,287,758
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
20
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,287,738
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 2200. ABBVIE INC     2023-02-03
b 1000. APPLE INC   2009-04-01 2023-02-03
c 400. APPLE INC   2009-04-01 2023-05-05
d 3000. APPLIED MATERIALS INC   2015-11-03 2023-01-03
e 2200. APPLIED MATERIALS INC   2015-11-03 2023-02-03
225. BLACKROCK INC     2023-02-03
400. BLACKROCK INC     2023-09-08
30. CHIPOTLE MEXICAN GRILL INC   2021-02-24 2023-05-05
200. CUMMINS INC   2023-02-03 2023-09-08
200. D R HORTON INC COM   2021-09-07 2023-02-03
300. DOLLAR GENERAL CORP   2019-05-28 2023-05-05
100000. EMERSON ELECTRIC CODTD 2/20/2013 2.62500   2022-05-26 2023-02-15
126.41 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-02-27
124.29 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-03-27
122.16 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-04-25
119.98 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-05-25
117.78 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-06-26
114.49 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-07-25
112.3 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-08-25
110.09 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-09-25
107.87 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-10-25
106.05 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-11-27
104.22 FANNIE MAEDTD 11/1/1998 6.50000% 11/1/20   2001-11-09 2023-12-26
2065.35 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-02-27
2049.52 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-03-27
2033.6 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-04-25
2017.59 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-05-25
2001.49 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-06-26
1985.3 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-07-25
1018.81 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-08-25
1011.96 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-09-25
1005.09 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-10-25
998.16 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-11-27
991.21 FANNIE MAEDTD 9/1/2002 6.00000% 9/1/2032   2002-08-30 2023-12-26
.76 KENVUE INC   2021-02-03 2023-09-11
500. MASTERCARD INC   2012-06-28 2023-01-03
200. MASTERCARD INC   2012-06-28 2023-05-05
400. MASTERCARD INC   2012-06-28 2023-09-08
300. MICROSOFT CORP   1992-09-16 2023-05-05
3000. MORGAN STANLEY DEAN WITTER     2023-02-03
100. NVIDIA CORP   2021-09-07 2023-09-08
2900. ORACLE CORPORATION COM   1994-11-22 2023-01-03
1800. PROCTER & GAMBLE CO COM   2015-09-01 2023-02-03
500. RAYTHEON TECHNOLOGIES CORP   2023-02-03 2023-09-08
325. ROCKWELL INTL CORP NEW COM   2018-03-23 2023-02-03
300. SHERWIN WILLIAMS CO COM   2021-02-03 2023-02-03
350000. SOCIETE GENERALE   2022-09-28 2023-10-03
.67 VERALTO CORP   2016-02-09 2023-10-02
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(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 319,799   134,131 185,668
b 155,003   3,863 151,140
c 69,367   1,545 67,822
d 291,275   51,134 240,141
e 263,880   37,498 226,382
169,656   78,642 91,014
275,943   120,141 155,802
60,722   42,720 18,002
47,054   51,224 -4,170
19,919   18,862 1,057
65,568   36,148 29,420
100,000   100,000  
3   13 -10
2   9 -7
2   9 -7
2   9 -7
2   9 -7
3   14 -11
2   9 -7
2   9 -7
2   9 -7
2   8 -6
2   8 -6
16   29 -13
16   29 -13
16   29 -13
16   29 -13
16   29 -13
16   30 -14
966   1,770 -804
7   13 -6
7   13 -6
7   13 -6
7   13 -6
18   15 3
172,919   20,924 151,995
76,835   8,369 68,466
165,555   16,739 148,816
93,277   759 92,518
297,152   53,815 243,337
45,716   22,733 22,983
241,016   6,069 234,947
256,353   125,381 130,972
41,515   48,389 -6,874
94,091   56,295 37,796
72,375   70,803 1,572
350,000   350,000  
50   15 35
      893
      893
      893
      893
      893
      893
      893
      893
      893
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      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
      893
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      893
      893
      893
      893
      893
      893
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       185,668
b       151,140
c       67,822
d       240,141
e       226,382
      91,014
      155,802
      18,002
      -4,170
      1,057
      29,420
       
      -10
      -7
      -7
      -7
      -7
      -11
      -7
      -7
      -7
      -6
      -6
      -13
      -13
      -13
      -13
      -13
      -14
      -804
      -6
      -6
      -6
      -6
      3
      151,995
      68,466
      148,816
      92,518
      243,337
      22,983
      234,947
      130,972
      -6,874
      37,796
      1,572
       
      35
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2,288,748
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 34,929
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 34,929
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 34,929
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 10,444
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,444
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 24,485
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowOH
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 arrowKeybank N A Telephone no.right arrow (216) 813-4556

Located atright arrow4900 TIEDEMAN RD OH-01-49-0150BROOKLYNOH ZIP+4right arrow44144
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KEYBANK N A Trustee
4 		70,281    
300 Madison Ave
Toledo,OH43604
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
NONE
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 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
12,890,147
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
12,890,147
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
12,890,147
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
193,352
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
12,696,795
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
634,840
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
634,840
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
34,929
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
34,929
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
599,911
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
599,911
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
599,911
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
643,820
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
643,820
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 7 599,911
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 23,540
d From 2021...... 0
e From 2022...... 150,981
f Total of lines 3a through e ........ 174,521
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 643,820
a Applied to 2022, but not more than line 2a 0
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..... 599,911
e Remaining amount distributed out of corpus 43,909
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 5 218,430
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		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 ...... 		218,430
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 23,540
c Excess from 2021.... 0
d Excess from 2022.... 150,981
e Excess from 2023.... 43,909
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Keybank N A Foundations and Endowm
P O Box 10099
Toledo,OH436990099
(419) 259-6197
bThe form in which applications should be submitted and information and materials they should include:
Submit in writing:statement of purpose & history of organization, description of project and duration, amount requested, budget, current tax exempt status, list of board members, financial statements
cAny submission deadlines:
March 31 and September 30
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Awards are given based on educational, literary, scientific, and other charitable causes.
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 RED CROSS

431 18TH ST NW
WASHINGTON,DC20006 		NONE PC GENERAL OPERATING 10,000

WGTE

1270 S DETROIT AVE
TOLEDO,OH43614 		NONE PC GENERAL OPERATING 25,000

CATHOLIC CHARITIES

125 E 105TH ST
NEW YORK,NY10029 		NONE PC GENERAL OPERATING 10,000

BON SECOURS MERCY HEALTH FOUNDATION

1701 MERCY HEALTH PL
CINCINNATI,OH452376147 		NONE PC GENERAL OPERATING 15,000

METROPARKS TOLEDO FOUNDATION

5100 W CENTRAL AVE
TOLEDO,OH436152106 		NONE PC GENERAL OPERATING 30,000

OHIO FOUNDATION OF INDEPENDENT COLLEGES

250 E BROAD ST UNIT 1700
COLUMBUS,OH43215 		NONE PC GENERAL OPERATING 5,000

ERIE SHORES COUNCIL

5600 W SYLVANIA AVE
TOLEDO,OH43623 		NONE PC GENERAL OPERATING 30,000

MAUMEE VALLEY HABITAT FOR HUMANITY

1310 CONANT ST
MAUMEE,OH43537 		NONE PC GENERAL OPERATING 15,000

LEARNING CLUB OF TOLEDO

5800 MONROE ST
SYLVANIA,OH435602263 		NONE PC GENERAL OPERATING 2,500

BLACK SWAMP CONSERVANCY

4825 SUGAR RIDGE RD
PEMBERVILLE,OH434509859 		NONE PC GENERAL OPERATING 10,000

TOLEDO ZOOLOGICAL SOCIETY FOUNDATION

2700 BROADWAY ST
TOLEDO,OH436093121 		NONE PC GENERAL OPERATING 50,000

DIABETES YOUTH SERVICES

2100 W CENTRAL AVE STE 110
TOLEDO,OH436063817 		NONE PC GENERAL OPERATING 5,000

UNITED WAY OF GREATER TOLEDO

1001 MADISON AVE 100
TOLEDO,OH436045535 		NONE PC GENERAL OPERATING 15,000

YWCA

1018 JEFFERSON AVE
TOLEDO,OH43604 		NONE PC GENERAL OPERATING 30,000

TOLEDO AREA HUMANE SOCIETY

827 ILLINOIS AVE
MAUMEE,OH435371713 		NONE PC GENERAL OPERATING 25,000

GREAT LAKES HISTORICAL SOCIETY

1701 FRONT ST
TOLEDO,OH436051481 		NONE PC GENERAL OPERATING 35,000

THE UNIVERSITY OF TOLEDO FOUNDATION

4510 DORR ST
TOLEDO,OH436154040 		NONE PC GENERAL OPERATING 25,000

TOLEDO OPERA ASSOCIATION

425 JEFFERSON AVE STE 601
TOLEDO,OH436041080 		NONE PC GENERAL OPERATING 30,000

THE ARTS COMMISSION

1838 PARKWOOD AVE 120
TOLEDO,OH43604 		NONE PC GENERAL OPERATING 20,000

GOOD GRIEF OF NORTHWEST OHIO INC

440 S REYNOLDS RD STE D
TOLEDO,OH436155900 		NONE PC GENERAL OPERATING 2,500

LOCAL INITIATIVES SUPPORT CORP

28 LIBERTY ST
NEW YORK,NY10005 		NONE PC GENERAL OPERATING 35,000

MONARCH

350 PEE DEE AVE STE A
ALBEMARLE,NC280014932 		NONE PC GENERAL OPERATING 5,000

VALENTINE THEATRE

410 ADAMS ST
TOLEDO,OH43604 		NONE PC GENERAL OPERATING 15,000

FOSTORIA VISION 2020 INC

342 PERRY ST
FOSTORIA,OH448302148 		NONE PC GENERAL OPERATING 25,000

IMAGINATION STATION

PO BOX 1126
STRATFORD,TX790841126 		NONE PC GENERAL OPERATING 10,000

TOLEDO TOMORROW

425 JEFFERSON AVE STE 700
TOLEDO,OH436041099 		NONE PC GENERAL OPERATING 10,000

BITTERSWEET FARMS

6070 SCOTT RD
NEW MARSHFIELD,OH45766 		NONE PC GENERAL OPERATING 10,000

TUTERSMART

1609 N SUMMIT ST
TOLEDO,OH43606 		NONE PC GENERAL OPERATING 10,000

BOYS AND GIRLS CLUB OF TOLEDO

2250 N DETROIT AVE
TOLEDO,OH43606 		NONE PC GENERAL OPERATING 40,000

BOWLING GREEN STATE UNIVERSITY

838 E WOOSTER ST
BOWLING GREEN,OH43403 		NONE PC GENERAL OPERATING 25,000

CARDINAL STRITCH CATHOLIC HIGH SCHOOL

3225 PICKLE RD
OREGON,OH43616 		NONE PC GENERAL OPERATING 20,000

GENACROSS LUTHERAN SERVICES FOUNDATION

2021 N MCCORD RD
TOLEDO,OH43615 		NONE PC GENERAL OPERATING 10,000

TOLEDO JEEP FEST

401 JEFFERSON AVE
TOLEDO,OH43606 		NONE PC GENERAL OPERATING 20,000
Total .................................right arrow 3a 625,000
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 ........... 		         
4 Dividends and interest from securities ....     14 280,598  
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 2,288,748  
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) ..   2,569,346  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,569,346
(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:
WALTER E TERHUNE MEMORIAL FUND
EIN:
35-2446722
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,050     1,050

TY 2023 InvestmentsOtherSchedule2
Name:
WALTER E TERHUNE MEMORIAL FUND
EIN:
35-2446722
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
00724F101 ADOBE INC AT COST 124,045 268,470
09247X101 BLACKROCK INC      
09857L108 BOOKING HOLDINGS INC      
17275R102 CISCO SYS INC AT COST 117,868 262,704
20030N101 COMCAST CORP AT COST 116,513 201,710
22160K105 COSTCO WHOLESALE COR AT COST 16,271 33,004
235851102 DANAHER CORP DEL AT COST 79,374 323,876
254687106 WALT DISNEY CO AT COST 76,992 180,580
256677105 DOLLAR GENERAL CORP      
437076102 HOME DEPOT INC AT COST 89,488 173,275
438516106 HONEYWELL INTERNATIO AT COST 112,687 251,652
46120E602 INTUITIVE SURGICAL I      
464287226 ISHARES CORE US AGGR AT COST 167,901 148,875
464287655 ISHARES RUSSELL 2000 AT COST 403,904 853,419
464288687 ISHARES S&P US PREFE AT COST 117,267 93,570
478160104 JOHNSON & JOHNSON AT COST 141,562 138,558
580135101 MCDONALDS CORP AT COST 19,482 29,651
67066G104 NVIDIA CORP AT COST 108,667 346,654
68389X105 ORACLE CORP      
713448108 PEPSICO INC AT COST 26,950 33,968
742718109 PROCTER & GAMBLE CO      
760759100 REPUBLIC SERVICES IN AT COST 16,869 32,982
747525AE3 QUALCOMM INCDTD 5/20      
922031711 VANGUARD ULTRA-SHORT      
773903109 ROCKWELL AUTOMATION      
98978V103 ZOETIS INC AT COST 91,905 118,422
00287Y109 ABBVIE INC      
31389TU59 FANNIE MAEDTD 9/1/20 AT COST 1,816 1,020
931142103 WALMART INC AT COST 138,001 346,830
46625H100 JP MORGAN CHASE & CO AT COST 92,977 425,250
037833100 APPLE INC AT COST 17,768 885,638
65339F101 NEXTERA ENERGY INC AT COST 30,019 24,296
464287234 ISHARES MSCI EMERGIN AT COST 252,143 313,638
79466L302 SALESFORCE.COM INC      
464287465 ISHARES MSCI EAFE IN AT COST 693,618 866,525
594918104 MICROSOFT CORP AT COST 5,316 789,684
038222105 APPLIED MATERIALS IN      
02079K305 ALPHABET INC AT COST 134,741 488,915
478373AC7 JOHNSON CONTROLS INC AT COST 95,893 98,272
31380WD76 FANNIE MAEDTD 11/1/1 AT COST 439 109
57636Q104 MASTERCARD INC AT COST 16,739 170,604
169656105 CHIPOTLE MEXICAN GRI      
617446448 MORGAN STANLEY      
883556102 THERMO FISHER SCIENT AT COST 178,437 212,316
464287242 ISHARES IBOXX $INVES AT COST 277,248 265,584
464287507 ISHARES CORE S&P MID AT COST 351,833 997,740
23331A109 D R HORTON INC      
824348106 SHERWIN WILLIAMS CO      
023135106 AMAZON COM INC AT COST 130,220 151,940
922042858 VANGUARD FTSE EMERGI AT COST 54,178 41,100
13321L108 CAMECO CORP AT COST 78,530 129,300
83369NUV0 SOCIETE GENERALE      
291011BE3 EMERSON ELECTRIC COD      
91282CFA4 UNITED STATES TREAS AT COST 74,646 74,115
91282CFE6 UNITED STATES TREAS AT COST 74,859 73,506
032095101 AMPHENOL CORP AT COST 152,596 198,260
060505104 BANK OF AMERICA CORP AT COST 181,799 168,350
09061G101 BIOMARIN PHARMACEUTI AT COST 146,011 125,346
11135F101 BROADCOM INC AT COST 221,623 446,500
166764100 CHEVRON CORP AT COST 145,648 124,698
28622HAA9 ELEVANCE HEALTH INC AT COST 99,262 99,790
337738108 FISERV INC AT COST 122,255 132,840
35671D857 FREEPORT-MCMORAN INC AT COST 73,497 72,369
42809H107 HESS CORP AT COST 189,887 203,266
44107P104 HOST HOTELS & RESORT AT COST 74,694 75,933
46187W107 INVITATION HOMES INC AT COST 73,595 75,042
46653M849 JOHCM INTERNATIONAL AT COST 250,000 267,051
49177J102 KENVUE INC AT COST 41,144 43,060
701094104 PARKER HANNIFIN CORP AT COST 145,759 184,280
78409V104 S&P GLOBAL INC AT COST 111,958 132,156
892356106 TRACTOR SUPPLY CO AT COST 68,744 64,509
89236TKD6 TOYOTA MOTOR CREDIT AT COST 98,624 100,475
92338C103 VERALTO CORP AT COST 10,463 38,333
929160109 VULCAN MATERIALS CO AT COST 53,309 65,833
949746101 WELLS FARGO CO AT COST 204,621 211,646
98419M100 XYLEM INC AT COST 75,891 91,488
H8817H100 TRANSOCEAN LTD AT COST 140,478 107,950

TY 2023 OtherDecreasesSchedule
Name:
WALTER E TERHUNE MEMORIAL FUND
EIN:
35-2446722
Description Amount
PY PENDING SALES ADJ 20


TY 2023 OtherExpensesSchedule
Name:
WALTER E TERHUNE MEMORIAL FUND
EIN:
35-2446722
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING/TAXES PAID 200 0   200
INVESTMENT EXPENSES-DIVIDEND I 6 6   0


TY 2023 OtherIncreasesSchedule
Name:
WALTER E TERHUNE MEMORIAL FUND
EIN:
35-2446722
Description Amount
PY PURCHASE OF ACCRUED INTEREST 92
ROUNDING 15


TY 2023 TaxesSchedule
Name:
WALTER E TERHUNE MEMORIAL FUND
EIN:
35-2446722
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,000 3,000   0
FEDERAL TAX PAYMENT - PRIOR YE 2,096 0   0
FEDERAL ESTIMATES - PRINCIPAL 10,444 0   0
FOREIGN TAXES ON NONQUALIFIED 729 729   0