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
The Herschend Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1380 West Paces Ferry Road Ste 1210
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Atlanta, GA30327
A Employer identification number

43-1391940
B Telephone number (see instructions)

(417) 334-0140
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$3,890,737J 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 25,394 21,325  
4 Dividends and interest from securities... 44,539 44,228  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
57,530
b Gross sales price for all assets on line 6a 310,770
7 Capital gain net income (from Part IV, line 2)... 61,185
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 127,463 126,738 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,303 0 0 7,303
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
23,666 23,666 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
11,415 0 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
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
3,477 0 0 3,477
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 45,861 23,666 0 10,780
25 Contributions, gifts, grants paid....... 606,620 606,620
26 Total expenses and disbursements. Add lines 24 and 25 652,481 23,666 0 617,400
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -525,018
b Net investment income (if negative, enter -0-) 103,072
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............. 637 42,396 42,396
2 Savings and temporary cash investments......... 103,616 26,409 26,409
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 341,265 Click to see attachment
List of Attached Documents:
// Content
0 		0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 2,693,206 Click to see attachment
List of Attached Documents:
// Content
2,772,564 		2,772,564
c Investments—corporate bonds (attach schedule)....... 1,059,384 Click to see attachment
List of Attached Documents:
// Content
1,049,368 		1,049,368
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 3,655 Click to see attachment
List of Attached Documents:
// Content
0 		0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 0 0
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,201,763 3,890,737 3,890,737
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
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........ 4,201,763 3,890,737
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)..... 4,201,763 3,890,737
30 Total liabilities and net assets/fund balances (see instructions). 4,201,763 3,890,737
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
4,201,763
2
Enter amount from Part I, line 27a .....................
2
-525,018
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
218,927
4
Add lines 1, 2, and 3 ..........................
4
3,895,672
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
4,935
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,890,737
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 MOELLER INVESTMENT ACCT #7051 P 2022-01-01 2023-12-31
b MOELLER INVESTMENT ACCT #2730 P 2022-01-01 2023-12-31
c MOELLER INVESTMENT ACCT #2730 P 2023-04-03 2023-07-12
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 160,770   99,626 61,144
b 100,000   99,959 41
c 50,000   50,000 0
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     0 61,144
b     0 41
c     0 0
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 61,185
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 0
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 1,433
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 1,433
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 1,433
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 6,000
b Exempt foreign organizations—tax withheld at source...... 6b  
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 6,000
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 4,567
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow4,567 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 arrowMO
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 arrowJENNIFER YOUNG Telephone no.right arrow (678) 662-4130

Located atright arrow1380 WEST PACES FERRY ROAD STE 1210ATLANTAGA ZIP+4right arrow30327
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
TIFFANY KUEHN SECRETARY
1.000 		0 0 0
1380 West Paces Ferry Road Ste 1210
Atlanta,GA30327
JARED HERSCHEND TREASURER
1.000 		0 0 0
1380 West Paces Ferry Road Ste 1210
Atlanta,GA30327
BRADLEY HERSCHEND PRESIDENT
1.000 		0 0 0
1380 West Paces Ferry Road Ste 1210
Atlanta,GA30327
JIM HERSCHEND VICE PRESIDENT
1.000 		0 0 0
1380 West Paces Ferry Road Ste 1210
Atlanta,GA30327
PATRICK HERSCHEND DIRECTOR
1.000 		0 0 0
1380 West Paces Ferry Road Ste 1210
Atlanta,GA30327
JACK HERSCHEND DIRECTOR
1.000 		0 0 0
1380 West Paces Ferry Road Ste 1210
Atlanta,GA30327
BRUCE HERSCHEND DIRECTOR
1.000 		0 0 0
1380 West Paces Ferry Road Ste 1210
Atlanta,GA30327
AUSTIN HERSCHEND DIRECTOR
1.000 		0 0 0
1380 West Paces Ferry Road Ste 1210
Atlanta,GA30327
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 arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
3,815,326
b
Average of monthly cash balances.......................
1b
169,874
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,985,200
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
 
3
Subtract line 2 from line 1d.........................
3
3,985,200
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
59,778
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,925,422
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
196,271
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
196,271
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,433
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,433
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
194,838
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
194,838
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
194,838
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
617,400
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
617,400
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 7 194,838
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 222,625
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 6,759
b From 2019...... 395,687
c From 2020...... 612,589
d From 2021...... 507,622
e From 2022...... 175,442
f Total of lines 3a through e ........ 1,698,099
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 617,400
a Applied to 2022, but not more than line 2a 222,625
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..... 194,838
e Remaining amount distributed out of corpus 199,937
5 Excess distributions carryover applied to 2023.   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 1,898,036
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		6,759
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,891,277
10 Analysis of line 9:
a Excess from 2019.... 395,687
b Excess from 2020.... 612,589
c Excess from 2021.... 507,622
d Excess from 2022.... 175,442
e Excess from 2023.... 199,937
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).)
AUSTIN HERSCHEND DIRECTOR
JACK HERSCHEND DIRECTOR
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

1ST PRESBYTERIAN CHURCH

420 W MAIN
BRANSON,MO65616 		  PC SUPPORT 19,500

THE ASKINOSIE FOUNDATION

514 E COMMERCIAL STREET
SPRINGFIELD,MO65801 		  PC SUPPORT 2,500

BLOOM CHURCH

2353 STE HWY 248
BRANSON,MO65616 		  PC SUPPORT 8,000

BOYS AND GIRLS CLUB

1460 BEE CREEK RD
BRANSON,MO65616 		  PC SUPPORT 5,000

BRANSON HIGH SCHOOL ATHLETIC CLUB

PO BOX 853
BRANSON,MO65616 		  PC SUPPORT 2,500

BRANSON REGIONAL ARTS COUNCIL

205 S COMMERCIAL ST
BRANSON,MO65616 		  PC SUPPORT 5,000

CAMP BARNABUS

PO BOX 609
BRANSON,MO65616 		  PC SUPPORT 1,400

CANOPY NWA

1142 FUTRALL DR
FAYETTEVILLE,AR72703 		  PC SUPPORT 1,000

CASA OF SOUTHWEST MISSOURI

627 N GLENSTONE
SPRINGFIELD,MO65802 		  PC SUPPORT 1,000

CATALYST SPORTS

2020 HOWELL MILL RD NW
ATLANTA,GA30318 		  PC SUPPORT 5,000

CHRISTIAN ACTION MINISTRIES

17026 MO-76
FORSYTH,MO65653 		  PC SUPPORT 5,000

CIRCLES NWA

PO BOX 663
FAYETTEVILLE,AR72707 		  PC SUPPORT 5,000

COMMISIONS TO EVERY NATION

PO BOX 291307
KERRVILLE,TX78029 		  PC SUPPORT 500

COMO MOBILE AID COLLECTIVE

1605 BLUE RIDGE RD
COLUMBIA,MO65202 		  PC SUPPORT 8,000

CONVOY OF HOPE

1 CONVOY DR
SPRINGFIELD,MO65802 		  PC SUPPORT 5,000

CORNERSTONE INTERNATIONAL

PO BOX 192
WILMORE,KY40390 		  PC SUPPORT 10,000

DOGWOOD RANCH

PO BOX 1995
OZARK,MO65721 		  PC SUPPORT 5,000

ELEVATE BRANSON

310 GRETNA RD
BRANSON,MO65616 		  PC SUPPORT 209,500

FELLOWSHIP OF CHRISTIAN ATHLETES

206 N MAPLE
BLUE EYE,MO65611 		  PC SUPPORT 2,500

FEED MY STARVING CHILDREN

401 93RD AVENUE NW
COON RAPIDS,MN55433 		  PC SUPPORT 3,000

GET VOLUNTEERING

500 KANSAS STREET
SAN FRANSISCO,CA94107 		  PC SUPPORT 25,000

HOLLISTER HIGH SCHOOL

1914 STE HWY BB
HOLLISTER,MO65672 		  GOV SUPPORT 2,000

HOPE INTERNATIONAL

227 GRANITE RUN DR
LANCASTER,PA17601 		  PC SUPPORT 1,200

HOUSE OF HOPE

215 VETERANS BLVD
BRANSON,MO65616 		  PC SUPPORT 5,000

JOHN BROWN UNIVERSITY

2000 W UNIVERSITY ST
SILOAM SPRINGS,AR72761 		  PC SUPPORT 5,000

JOSIAH VENTURE

PO BOX 4317
WHEATON,IL60189 		  PC SUPPORT 2,000

KANAKUK KAMPS

1353 LAKESHORE DR
BRANSON,MO65616 		  PC SUPPORT 39,010

TRI-LAKES K-LIFE

510 BRANSON LANDING BLVD
BRANSON,MO65616 		  PC SUPPORT 25,000

LEAST OF THESE FOOD PANTRY

1720 JAMES RIVER RD
OZARK,MO65721 		  PC SUPPORT 1,000

LITTLE ONE'S MINISTRIES

PO BOX 892040
OKLAHOMA CITY,OK73189 		  PC SUPPORT 4,000

THE LODGE MINISTRIES

107 BIBLE HILL RD
CLAREMONT,NH03743 		  PC SUPPORT 25,000

LOST AND FOUND GRIEF CENTER

1555 S GLENSTONE AVE
SPRINGFIELD,MO65804 		  PC SUPPORT 14,155

LOVE AND HOPE FOUNDATION

7040 MILLER ST
LITHIA SPRINGS,GA30122 		  PC SUPPORT 9,000

MISSOURI STATE FOUNDATION

300 SOUTH JEFFERSON
SPRINGFIELD,MO65806 		  PC SUPPORT 10,000

VETERANS MEMORIAL GARDEN

3000 GREEN MOUNTAIN DR
BRANSON,MO65616 		  PC SUPPORT 2,000

MNIF

500 W BROADWAY ST 3RD FL
MISSOULA,MT59802 		  PC SUPPORT 10,000

MUSIC THERAPY OF THE OZARKS

PO BOX 9543
SPRINGFIELD,MO65801 		  PC SUPPORT 345

MY NEIGHBOR'S PHARMACY

1232 BRANSON HILLS PKWY
BRANSON,MO65616 		  PC SUPPORT 11,000

NEWBORNS IN NEED

1740 S GLENSTONE AVE
SPRINGFIELD,MO65804 		  PC SUPPORT 2,000

OPTIONS PREGNANCY CENTER

309B ATLANTIC STREET
BRANSON,MO65616 		  PC SUPPORT 2,000

OZARKS FOOD HARVEST

2810 N CEDARBROOK AVE
SPRINGFIELD,MO65803 		  PC SUPPORT 1,000

OZARK MOUNTAIN LEGACY

2462 CEDAR HOLLOW RD
BRADLEYVILLE,MO65614 		  PC SUPPORT 15,000

PARTNERS RELIEF AND DEVELOPMENT

PO BOX 19920
GRAND RAPIDS,MI49501 		  PC SUPPORT 2,000

PHILANTHROPY MISSOURI

5501 DELMAR BLVD
ST LOUIS,MO63112 		  PC SUPPORT 2,800

PRISON FELLOWSHIP

44180 RIVERSIDE PKWY
MERRIFIELD,VA22116 		  PC SUPPORT 3,000

RISE CHRISTIAN CHURCH

1578 DAYTON RD NW
NEWARK,OH43055 		  PC SUPPORT 2,000

RONALD MCDONALD HOUSE

110 N CARPENTER ST
CHICAGO,IL60607 		  PC SUPPORT 1,000

SALVATION ARMY

1114 STANLEY BLVD
BRANSON,MO65616 		  PC SUPPORT 5,000

SKAGGS FOUNDATION

101 SKAGGS RD 404
BRANSON,MO65616 		  PC SUPPORT 10,000

SPECIAL OPERATIONS CARE FUND

4279 ROSWELL ROAD STE 208
ATLANTA,GA30342 		  PC SUPPORT 18,000

ST BALRICKS FOUNDATION

1333 S MAYFLOWER AVE 400
MONROVIA,CA91016 		  PC SUPPORT 500

SOUTHWEST INITIATIVE FOUNDATION

15 3RD AVENUE NW
HUTCHINSON,MN55350 		  PC SUPPORT 2,500

THE CRISIS CENTER OF TANEY COUNTY INC

PO BOX 282
BRANSON,MO65615 		  PC SUPPORT 6,210

THE BROOK WELLNESS CENTER

11016 STATE HWY 76
BRANSON WEST,MO65737 		  PC SUPPORT 1,000

THE SPRINGS CHURCH

5500 SOUTH SOUTHWOOD RD
SPRINGFIELD,MO65804 		  PC SUPPORT 1,000

THE VENUES

425 W WALNUT ST
SPRINGFIELD,MO65806 		  PC SUPPORT 10,000

VIA NATIONS

PO BOX 3556
FAYETTEVILLE,AR72702 		  PC SUPPORT 1,000

WORLD VISION

PO BOX 9716
FEDERAL WAY,WA98063 		  PC SUPPORT 2,000

YOUNGLIFE

420 N CASCADE AVE
COLORADO SPRINGS,CO80903 		  PC SUPPORT 23,500
Total .................................right arrow 3a 606,620
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 25,394  
4 Dividends and interest from securities ....     14 44,539  
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 57,530  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 127,463 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
127,463
(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: 23017437
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 7,303     7,303

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
          57,530       57,530  

TY 2023 InvestmentsCorpBondsSchedule
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
MOELLER INVESTMENT GROUP 1,049,368 1,049,368

TY 2023 InvestmentsCorpStockSchedule
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
MOELLER INVESTMENT GROUP 2,772,564 2,772,564

TY 2023 InvestmentsLandSchedule2
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER     0  

TY 2023 OtherDecreasesSchedule
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Description Amount
PRIOR PERIOD ADJUSTMENT - NO TAX EFFECT 4,935


TY 2023 OtherExpensesSchedule
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SHIPPING 451     451
ANNUAL RENEWAL FEES 26     26
ASSOCIATION DUES 3,000     3,000


TY 2023 OtherIncreasesSchedule
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Description Amount
UNREALIZED GAINS 218,927


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

TY 2023 OtherNotesLoansRcvblLongSch
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
DOGWOOD RANCH   451,000 0 2015-10 2036-01   3.5 %        

TY 2023 OtherProfessionalFeesSchedule
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 23,666 23,666    


TY 2023 TaxesSchedule
Name:
The Herschend Family Foundation
EIN:
43-1391940
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 11,415