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

82-2658347
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$38,637,879J 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) 251
2 Check right arrow.............
3 Interest on savings and temporary cash investments 910 910  
4 Dividends and interest from securities... 1,110,433 1,110,433  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -61,676
b Gross sales price for all assets on line 6a 5,769,819
7 Capital gain net income (from Part IV, line 2)... 14,799
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,049,918 1,126,142  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 11,000     11,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
244,761 244,761    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,580 2,080    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,907     4,907
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
42,288 563   41,725
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 322,536 247,404   57,632
25 Contributions, gifts, grants paid....... 1,599,000 1,599,000
26 Total expenses and disbursements. Add lines 24 and 25 1,921,536 247,404   1,656,632
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -871,618
b Net investment income (if negative, enter -0-) 878,738
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,006,353 463,601 463,601
3 Accounts receivable right arrow1,609
Less: allowance for doubtful accounts right arrow   2,771 1,609 1,609
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,975,806 Click to see attachment
List of Attached Documents:
// Content
3,397,544 		3,425,759
b Investments—corporate stock (attach schedule)....... 27,429,818 Click to see attachment
List of Attached Documents:
// Content
26,757,127 		31,315,225
c Investments—corporate bonds (attach schedule)....... 3,521,615 Click to see attachment
List of Attached Documents:
// Content
3,444,864 		3,431,685
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 34,936,363 34,064,745 38,637,879
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 34,936,363 34,064,745
29 Total net assets or fund balances (see instructions)..... 34,936,363 34,064,745
30 Total liabilities and net assets/fund balances (see instructions). 34,936,363 34,064,745
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
34,936,363
2
Enter amount from Part I, line 27a .....................
2
-871,618
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
34,064,745
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
34,064,745
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,769,819   5,755,020 14,799
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       14,799
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 14,799
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 12,214
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 12,214
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 12,214
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 12,085
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 400
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,485
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 271
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow271 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
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
Edward Ham Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Gail Kashulon Dir, Sec, Treas
1.0 		11,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Christian LeBris Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Martin McLaughlin Sr Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
TR Rowe Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
UBS Financial Services Investment MGMT 244,761
8 Wright Street 3rd Fl
WESTPORT,CT068803100
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
36,920,852
b
Average of monthly cash balances.......................
1b
355,526
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
37,276,378
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
37,276,378
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
559,146
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
36,717,232
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,835,862
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
1,835,862
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
12,214
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,214
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,823,648
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,823,648
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
1,823,648
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
1,656,632
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
1,656,632
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 1,823,648
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,594,679
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,656,632
a Applied to 2022, but not more than line 2a 1,594,679
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 61,953
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,761,695
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
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

ANCHOR ACADEMY INC

PO BOX 774
NORWALK,CT06852 		N/A PC financial support for academic priorities in classical catholic education 50,000

BRIDGEPORT HOSPITAL FOUNDATION INC

267 GRANT ST
BRIDGEPORT,CT06610 		N/A PC Bringing Technology to Life Project, which will modernize the hospital's heart and vascular center, with new cardiac and stroke technology 50,000

BRIDGEPORT RESCUE MISSION INC

725 PARK AVE
BRIDGEPORT,CT06604 		N/A PC Holiday Meals for the needy 10,000

CARDINAL SHEHAN CENTER

1494 MAIN ST
BRIDGEPORT,CT06604 		N/A PC After School and Saturday Program for Bridgeport youth 15,000

CARDINAL SHEHAN CENTER

1494 MAIN ST
BRIDGEPORT,CT06604 		N/A PC Summer Camp program 25,000

CAREER RESOURCES INC

1000 LAFAYETTE BLVD STE 303
BRIDGEPORT,CT06604 		N/A PC The Lucy Baney Family Reunification Center, which hosts two residential work release programs for women in Bridgeport 50,000

CAROLINE HOUSE INC

574 STILLMAN ST
BRIDGEPORT,CT06608 		N/A PC Mother and Child Literacy program 15,000

CATHOLIC ACADEMY OF BRIDGEPORT

63 PEQUONNOCK ST
BRIDGEPORT,CT06604 		N/A PC Merit Pay Teacher Compensation and Retention Program 35,000

CATHOLIC ACADEMY OF BRIDGEPORT

63 PEQUONNOCK ST
BRIDGEPORT,CT06604 		N/A PC financial assistance for children to attend catholic elementary schools at the academy's four campuses located in the city of Bridgeport 25,000

CHRIST CHURCH

120 E EDENTON ST
RALEIGH,NC27601 		N/A PC Wake Relief - purchase food for needy residents of Wake County, NC 20,000

CIRCLE OF CARE FOR FAMILIES WITH CANCER

144 DANBURY RD
WILTON,CT06897 		N/A PC Lifeline Emergency Fund for the 2023/2024 fiscal year 30,000

CONNECT US INC

1000 LAFAYETTE BLVD 2ND FL
BRIDGEPORT,CT06604 		N/A PC post-secondary education support to all youth participants in Connect-Us programs, with a specific focus on high school juniors 10,000

DARIEN DOMESTIC ABUSE COUNCIL INC

32 SEDGWICK VILLAGE LN
DARIEN,CT06820 		N/A PC part time director position fund for Rape Aggression Defense program 10,000

DIAPER TRAIN INC

616 TUCKER ST
RALEIGH,NC27603 		N/A PC ensuring families in Wake County, NC have access to diapers, a basic need for family mental and physical health and well-being 12,000

DISCOVERY MUSEUM INC

4450 PARK AVE
BRIDGEPORT,CT06604 		N/A PC summer programs fund 10,000

EXCHANGE CLUB OF NEW CANAAN FOUNDATION INC

PO BOX 1163
NEW CANAAN,CT06840 		N/A PC Stamford Parenting Skills Center 20,000

FAIRFIELD UNIVERSITY

1073 N BENSON ROAD
FAIRFIELD,CT06824 		N/A PC scholarship fund for students pursing Computer Science two-year associate degrees at the university's Fairfield Bellarmine campus in Bridgeport, CT 25,000

FOUNDATIONS IN EDUCATION INC

238 JEWETT AVE
BRIDGEPORT,CT06606 		N/A PC Bishop's Scholarship Fund and Tuition assistance for low-income students who attend elementary schools in the diocese of Bridgeport 30,000

FOUNDATIONS IN EDUCATION INC

238 JEWETT AVE
BRIDGEPORT,CT06606 		N/A PC 2023 Giving Tuesday Promotion fund 20,000

FUTURE 5 INC

135 ATLANTIC ST
STAMFORD,CT06901 		N/A PC Next Track program, which identifies and offers career counseling to students who are not on a college track 50,000

GREATER CONNECTICUT YOUTH ORCHESTRAS INC

PO BOX 645
FAIRFIELD,CT06824 		N/A PC scholarship fund 10,000

HORIZONS BRIDGEPORT

1057 BROAD ST
BRIDGEPORT,CT06604 		N/A PC expansion of Horizons Program at Notre Dame high school 10,000

INSTITUTE OF CHRIST THE KING SOVEREIGN PRIEST INC

6415 S WOODLAWN AVE
CHICAGO,IL60637 		N/A PC education, room and board for seminarians serving at Sts. Cyril's and Methodius parish 25,000

KIDS IN CRISIS INC

1 SALEM ST
COS COB,CT06807 		N/A PC Safe Haven program 25,000

KOLBE CATHEDRAL HIGH SCHOOL

33 CALHOUN PL
BRIDGEPORT,CT06604 		N/A PC John and Ethel Kashulon Scholarship fund 40,000

MCGIVNEY COMMUNITY CENTER INC

338 STILLMAN ST
BRIDGEPORT,CT06608 		N/A PC McGivney After School Program 15,000

MCGIVNEY COMMUNITY CENTER INC

338 STILLMAN ST
BRIDGEPORT,CT06608 		N/A PC McGivney Summer Camp 2023 25,000

MERCY LEARNING CENTER OF BRIDGEPORT INCORPORATED

637 PARK AVE
BRIDGEPORT,CT06604 		N/A PC Literacy and Life Skills tutoring program 50,000

NEW CANAAN COMMUNITY FOUNDATION INC

111 CHERRY ST
NEW CANAAN,CT06840 		N/A PC Charitable Giving Fund 51,000

NEW CANAAN LIBRARY INC

151 MAIN ST
NEW CANAAN,CT06840 		N/A PC Capital Campaign for the New Canaan library 45,000

NEW CANAAN NATURE CENTER ASSOCIATION INC

144 OENOKE RDG
NEW CANAAN,CT06840 		N/A PC Haley Project, which brings low-income youth into an environment where they can connect to the natural world 20,000

NORTH RALEIGH MINISTRIES INC

9650 STRICKLAND RD STE 175
RALEIGH,NC27615 		N/A PC Journey Program, which is designed to help families in crises achieve long term stability and financial well-being 15,000

NORWALK HOUSING FOUNDATION INC

PO BOX 508
NORWALK,CT06856 		N/A PC College Scholarship program 20,000

OPERATION SMILE INC

3641 FACULTY BLVD
VIRGINIA BEACH,VA23453 		N/A PC fund surgeries for cleft lip, cleft palate or other dental conditions 30,000

PATRONS OF THE TRUMBULL NATURE & ARTS CENTER

PO BOX 110438
TRUMBULL,CT06611 		N/A PC Environmental and STEM education field trips and at-school programs to benefit underserved Connecticut youth 20,000

PIVOT MINISTRIES INC

485 JANE ST
BRIDGEPORT,CT06608 		N/A PC Clinical Drug Counseling program, with a purpose of treating drug and alcohol addiction and return men to their families 50,000

RECOVERY COMMUNITY DEVELOPMENT INC

925 NOBLE AVE
BRIDGEPORT,CT06608 		N/A PC 933 Noble Ave Renovation project, which will provide a sober living house for eight people in a drug and alcohol-free living space 50,000

SAINT JOSEPH PARENTING CENTER

90 FAIRFIELD AVE
STAMFORD,CT06902 		N/A PC General Parenting Program 10,000

SHEPHERDS INC

PO BOX 1756
DARIEN,CT06820 		N/A PC educational services for disadvantaged inner-city teenagers in Bridgeport, CT 20,000

SHRINERS HOSPITALS FOR CHILDREN

51 BLOSSOM ST
BOSTON,MA02114 		N/A PC treatment at the Shriners Hospitals for children - Boston 55,000

SILVER HILL HOSPITAL INC

208 VALLEY RD
NEW CANAAN,CT06840 		N/A PC Community Resilience Campaign 50,000

SPECIAL OLYMPICS CONNECTICUT INC

2666 STATE ST STE 1
HAMDEN,CT06517 		N/A PC Special Olympics Connecticut's 2023/2024 health & wellness programs and initiatives 15,000

SS CYRIL & METHODIUS CHURCH

79 CHURCH ST
BRIDGEPORT,CT06608 		N/A PC General & Unrestricted 1,000

ST JOHNS ROMAN CATHOLIC CHURCH

1986 POST RD
DARIEN,CT06820 		N/A PC physical plant improvements to the aging preschool building, including new flooring and other refurbishments 20,000

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

501 ST JUDES PL
MEMPHIS,TN38105 		N/A PC treatment of childhood cancer and other life-threatening diseases 50,000

ST ALOYSIUS CHURCH CORPORATION

40 MAPLE ST
NEW CANAAN,CT06840 		N/A PC Faith-Based Education Initiatives, including the creation of an innovative curriculum in grades pre-K through 6 100,000

STRATFORD EDUCATION FOUNDATION INC

210 PUMPKIN GROUND RD
STRATFORD,CT06614 		N/A PC The Dolly Parton's Imagination Library, which helps to promote reading literacy of local children aged 0-5 5,000

SVMC HOLDINGS INC

1 STATE ST FL 19
HARTFORD,CT06103 		N/A PC early project planning activities for Heart Hospital within the Hospital project 50,000

THE CARVER INC

7 ACADEMY ST
NORWALK,CT06850 		N/A PC after school activities fund 100,000

THE CENTER FOR FAMILY JUSTICE INC

753 FAIRFIELD AVE
BRIDGEPORT,CT06604 		N/A PC additional prevention educator position fund 50,000

THE SALVATION ARMY

30 ELM ST
BRIDGEPORT,CT06604 		N/A PC help families living in Bridgeport overcome poverty and achieve stability 5,000

THE SALVATION ARMY

855 ASYLUM AVE
HARTFORD,CT06105 		N/A PC help Connecticut families overcome poverty and achieve stability 30,000

THOMAS AQUINAS COLLEGE

10000 OJAI RD
SANTA PAULA,CA93060 		N/A PC financial aid for students with financial need in the fiscal year 2023-2024, focusing on students from the Bridgeport diocese studying at the New England campus 25,000
Total .................................right arrow 3a 1,599,000
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 ........... 		    14 910  
4 Dividends and interest from securities ....     14 1,110,433  
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 -61,676  
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) ..   1,049,667  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,049,667
(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

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

TY 2023 DepreciationSchedule
Name:
The John and Ethel Kashulon Foundation
EIN:
82-2658347
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 InvestmentsCorpBondsSchedule
Name:
The John and Ethel Kashulon Foundation
EIN:
82-2658347
Name of Bond End of Year Book Value End of Year Fair Market Value
AMAZON COM - 5.200% - 12/03/20 101,713 101,152
AMERICAN ELEC PWR INC SER J NO 100,403 97,707
AMERICAN EXPRESS CO - 4.200% - 145,799 148,251
BANK AMER CORP - 4.450% - 03/0 401,688 395,745
CAPITAL ONE FINL - 3.750% - 07 98,138 95,828
CBS CORP - 4.000% - 01/15/2026 195,406 195,087
CITIGROUP INC NOTE - 4.400% - 100,877 98,714
DOMINION ENERGY INC SER B NOTE 96,162 98,052
DOWDUPONT INC - 4.725% - 11/15 103,328 101,534
EDISON INTL - 4.125% - 03/15/2 47,011 48,315
GENERAL MTRS FINL CO - 4.000% 49,675 48,662
GLOBAL PMTS INC - 5.300% - 08/ 50,081 50,372
GOLDMAN SACHS GROUP - 4.250% - 96,399 98,167
HUMANA INC NOTE - 4.875% - 04/ 177,487 182,117
KROGER CO NOTE CALL MAKE WHOLE 239,275 243,560
MICRON TECHNOLOGY INC - 5.327% 49,878 51,043
MORGAN STANLEY - 4.350% - 09/0 151,314 147,308
MORGAN STANLEY - 5.000% - 11/2 260,282 249,682
MYLAN NV - 3.950% - 06/15/2026 36,076 38,667
ORACLE CORP NOTE - 3.250% - 11 95,338 95,031
PHILIP MORRIS INTL INC NOTE - 143,786 142,667
ROPER TECHNOLOGIES INC - 3.850 196,161 196,126
TIME WARNER INC - 3.875% - 01/ 194,298 193,624
VERIZON COMMS - 4.329% - 09/21 96,991 99,032
WELLS FARGO CO - 4.100% - 06/0 217,298 215,242

TY 2023 InvestmentsCorpStockSchedule
Name:
The John and Ethel Kashulon Foundation
EIN:
82-2658347
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 90,150 54,660
ABBVIE INC 197,289 309,940
ADVANCED MICRO DEVICES INC 166,613 235,856
AIR PRODS & CHEM INC 293,445 301,180
ALEXANDRIA REAL ESTATE EQUITIE 133,096 126,770
ALPHABET INC CL C 336,405 746,929
ALTRIA GROUP INC 358,887 227,921
AMAZON COM 554,600 729,312
AMERICAN BEACON SOUND POINT FL 355,306 294,050
AMERICAN ELECTRIC POWER INC 116,311 105,586
AMERICAN FDS, AMERICAN HIGH IN 238,190 222,376
AMERICAN FUNDS BALANCED PORT C 997,055 1,101,622
AMERICAN FUNDS GLOBAL GROWTH P 341,324 402,597
AMERICAN FUNDS GROWTH PORTFOLI 359,822 436,643
AMERICAN FUNDS SMALLCAP WORLD 151,327 126,799
APPLE INC 417,074 1,078,167
ASML HOLDING NV NY REG SHS 69,181 75,692
AT&T, INC 195,708 131,387
AUTODESK, INC 197,043 170,436
BANK OF AMERICA CORP 595,453 563,973
BARRICK GOLD CORPORATION 52,775 45,225
BOEING CO 388,978 390,990
BP PLC SPONSORED ADR 182,471 159,300
BRISTOL-MYERS SQUIBB CO 318,306 282,205
CHEVRON CORP 267,894 287,133
CISCO SYSTEMS INC 448,552 505,200
CITIGROUP INC 304,770 257,200
CITIZENS FINANCIAL GROUP, INC 117,059 89,478
COMERICA INC 109,950 83,715
CONAGRA FOODS INC 166,131 143,300
CROWN CASTLE INTL 148,639 115,190
CVS CAREMARK CORP 188,904 197,400
DOMINION ENERGY INC 189,724 152,750
DOW INC 385,526 383,880
DU PONT DE NEMOURS 211,468 237,252
DUKE ENERGY CO 121,152 135,856
EXXON MOBIL CORP 343,406 469,906
FIDELITY ADVISOR REAL ESTATE I 294,634 273,419
FORTIVE CORPORATION 149,560 147,260
FRANKLIN CUSTODIAN FDS INC ADV 13,956 13,121
FRANKLIN FTSE INDIA ETF 100,584 113,359
GLOBAL PAYMENTS INC 174,818 139,700
GOLDMAN SACHS GROUP 133,723 192,885
GSK PLC 140,317 117,110
HONEYWELL INTL 94,464 142,603
ILLINOIS TOOL WORKS 50,257 83,821
INT'L FLAVORS & FRAGRANCES INC 130,861 80,970
INTEL CORP 815,505 804,000
JOHNSON & JOHNSON 986,320 987,462
JP MORGAN CHASE 526,373 663,390
KBW REGIONAL BANKING ETF 60,367 52,430
KEYCORP 124,155 108,000
KINDER MORGAN INC 262,441 264,600
KRAFT HEINZ CO 69,430 73,960
MCDONALD'S CORP 3,110,621 5,532,876
MEDTRONIC PLC 534,459 469,566
MERCK & CO INC 334,914 490,590
METLIFE INC 154,602 198,390
MICROSOFT CORP 420,148 864,892
MORGAN STANLEY 269,458 373,000
NET LEASE OFFICE PROPERTIES 2,094 3,382
NETFLIX INC 43,273 48,688
NEUBERGER BERMAN MID CAP GROWT 26,219 18,337
NEW WORLD FUND, INC (F2) 123,094 141,020
PALO ALTO NETWORKS INC 140,207 265,392
PAYPAL HOLDINGS, INC 137,849 30,705
PEPSICO INC 258,405 339,680
PFIZER INC 681,744 475,035
PHILIP MORRIS INTL 148,548 141,120
PPL CORPORATION 135,630 121,950
PROCTER GAMBLE CO 385,080 679,213
PRUDENTIAL FINCL INC 148,294 155,565
QUALCOMM INC 259,750 289,260
RAYTHEON TECHNOLOGIES CORP 487,699 504,840
REGIONS FINANCIAL CORP 159,664 193,800
SCOTTS CO. CLASS A 96,665 44,625
SELECT SECTOR SPDR ENERGY FUND 76,023 95,578
SHELL ADR EACH REPRESENTING 2 121,650 132,258
STARBUCKS CORP COM 109,181 120,013
THE COCA-COLA CO 347,380 383,045
TOTALENERGIES SE 102,484 143,183
UNION PACIFIC 207,516 245,620
UNITED PARCEL SERVICE 244,396 196,538
US BANCORP 112,670 86,560
VANGUARD FTSE EUROPEAN ETF 151,293 167,648
VERIZON COMMUNICATIONS 490,674 339,300
VISA INC 409,617 585,788
VODAFONE GROUP PLC 158,183 49,851
W. P. CAREY INC 206,179 178,228
WAL-MART STORES INC 797,154 867,075
WALGREENS BOOTS ALLIANCE 181,968 130,550
WALT DISNEY HOLDINGS CO 546,496 379,218
WELLS FARGO & CO 198,097 196,880

TY 2023 InvestmentsGovtObligationsSch
Name:
The John and Ethel Kashulon Foundation
EIN:
82-2658347
US Government Securities - End of Year Book Value:

3,397,544
US Government Securities - End of Year Fair Market Value:

3,425,759
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2023 OtherExpensesSchedule
Name:
The John and Ethel Kashulon Foundation
EIN:
82-2658347
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 39,245     39,245
Bank Charges 563 563    
Computers/Electronic Devices 1,193     1,193
Indemnification Insurance 1,262     1,262
State or Local Filing Fees 25     25


TY 2023 OtherProfessionalFeesSchedule
Name:
The John and Ethel Kashulon Foundation
EIN:
82-2658347
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 244,761 244,761    


TY 2023 TaxesSchedule
Name:
The John and Ethel Kashulon Foundation
EIN:
82-2658347
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 11,800      
990-PF Extension for 2022 5,700      
Foreign Tax Paid 2,080 2,080