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
SHEPHERDS - A FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)900 EAST WAYZATA BOULEVARD 130
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WAYZATA, MN55391
A Employer identification number

47-3839311
B Telephone number (see instructions)

(307) 733-7457
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$36,097,249J 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) 19,276
2 Check right arrow.............
3 Interest on savings and temporary cash investments 101,525 101,525  
4 Dividends and interest from securities... 450,428 450,428  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,568,109
b Gross sales price for all assets on line 6a 11,965,895
7 Capital gain net income (from Part IV, line 2)... 5,568,109
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........ 6,139,338 6,120,062  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,578 5,578   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
254,372 216,215   38,157
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
82,166 17,166   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25 25   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 342,141 238,984   38,157
25 Contributions, gifts, grants paid....... 966,000 966,000
26 Total expenses and disbursements. Add lines 24 and 25 1,308,141 238,984   1,004,157
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,831,197
b Net investment income (if negative, enter -0-) 5,881,078
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............. 65,543 9,940 9,940
2 Savings and temporary cash investments......... 1,474,187 5,906,267 5,906,267
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 22,057,765 Click to see attachment
List of Attached Documents:
// Content
22,834,902 		27,940,103
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,670,148 Click to see attachment
List of Attached Documents:
// Content
2,347,731 		2,240,939
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) 26,267,643 31,098,840 36,097,249
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 26,267,643 31,098,840
29 Total net assets or fund balances (see instructions)..... 26,267,643 31,098,840
30 Total liabilities and net assets/fund balances (see instructions). 26,267,643 31,098,840
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
26,267,643
2
Enter amount from Part I, line 27a .....................
2
4,831,197
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
31,098,840
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,098,840
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 P    
b CAPITAL GAINS DIVIDENDS P    
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 11,955,119   6,397,786 5,557,333
b 10,776     10,776
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       5,557,333
b       10,776
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 5,568,109
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 81,747
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 81,747
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 81,747
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 85,808
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 90,808
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
8 594
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 8,467
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow8,467 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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
 
No
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 arrowMN
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 arrowN/A
14
The books are in care ofright arrowWELLS FARGO Telephone no.right arrow (612) 316-0806

Located atright arrow900 EAST WAYZATA BLVDWAYZATAMN ZIP+4right arrow55391
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
JILL NEEDHAM MITHUN PRESIDENT
1.00 		0 0 0
PO BOX 765
TETON VILLAGE,WY83025
BECANAAN MCMILLON TREASURER
1.00 		0 0 0
PO BOX 765
TETON VILLAGE,WY83025
SHADE WILLIE MCMILLON OFFICER
1.00 		0 0 0
PO BOX 765
TETON VILLAGE,WY83025
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
27,545,929
b
Average of monthly cash balances.......................
1b
3,229,478
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
30,775,407
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
30,775,407
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
461,631
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
30,313,776
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,515,689
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
1,515,689
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
81,747
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
81,747
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,433,942
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,433,942
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,433,942
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
1,004,157
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,004,157
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 1,433,942
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021...... 517,038
e From 2022......  
f Total of lines 3a through e ........ 517,038
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,004,157
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 1,004,157
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 429,785 429,785
(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 87,253
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		87,253
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 87,253
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

SNAKE RIVER FUND

125 SOUTH KING STREET
JACKSON,WY83001 		NONE 501(C)(3) GENERAL FUND 100,000

FRIENDS OF THE TETON RIVER INC

18 NORTH MAIN STREET 310
DRIGGS,ID83422 		NONE 501(C)(3) GENERAL FUND 50,000

SEATAC BMX

1855 SOUTH 136TH ST
SEATAX,WA98168 		NONE 501(C)(3) GENERAL FUND 30,000

ASTORIA PARK CONSERVANCY

25 WEST JOHNNY COUNTS ROAD
JACKSON,WY83001 		NONE 501(C)(3) GENERAL FUND 29,000

WELCOME HOME ALLIANCE FOR VETERANS

4 HILLCREST PLAZA WAY
MONTROSE,CO81401 		NONE 501(C)(3) GENERAL FUND 100,000

CARVING THE FUTURE

PO BOX 12768
JACKSON,WY83002 		NONE 501(C)(3) GENERAL FUND 75,000

SPREAD THE LOVE COMMISSION

PO BOX 13743
JACKSON,WY83002 		NONE 501(C)(3) GENERAL FUND 180,000

REVERT FOUNDATION

PO BOX 332
GRASS VALLEY,CA95945 		NONE 501(C)(3) GENERAL FUND 40,000

CHILDREN'S LEARNING CENTER OF JACKSON WY

PO BOX 4100
JACKSON,WY83001 		NONE 501(C)(3) GENERAL FUND 150,000

BIG SKY YOUTH EMPOWER PROJECT

PO BOX 6757
BOZEMAN,MT59771 		NONE 501(C)(3) GENERAL FUND 29,000

KAHAKUKAHI FOUNDATION

657 KAI HELE KU STREET
LAHAINA,HI96761 		NONE 501(C)(3) GENERAL FUND 33,000

WONDERFOLK

5131 NORTHEAST 35TH PLACE
PORTLAND,OR97211 		NONE 501(C)(3) GENERAL FUND 150,000
Total .................................right arrow 3a 966,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 101,525  
4 Dividends and interest from securities ....     14 450,428  
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 5,568,109  
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 6,120,062 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
6,120,062
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
SHEPHERDS - A FAMILY FOUNDATION
 
Employer identification number

47-3839311
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
SHEPHERDS - A FAMILY FOUNDATION
  		Employer identification number
47-3839311
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
LEWIS MITHUN
 
PO BOX 765
 
TETON VILLAGE, WY83025

$ 19,276


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
SHEPHERDS - A FAMILY FOUNDATION
  		Employer identification number

47-3839311
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 120475 SHARES OF WELLS FARGO & CO. $ 4,991,279 2023-08-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
SHEPHERDS - A FAMILY FOUNDATION
  		Employer identification number

47-3839311
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
SHEPHERDS - A FAMILY FOUNDATION
EIN:
47-3839311
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEE 5,578 5,578   0

TY 2023 InvestmentsCorpStockSchedule
Name:
SHEPHERDS - A FAMILY FOUNDATION
EIN:
47-3839311
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC 77,644 81,049
ACCENTURE PLC IRELAND 93,839 122,468
AMERICAN EXPRESS COMPANY 115,183 130,201
ANALOG DEVICES INC 112,664 134,028
AON PLC 87,589 132,414
CHEVRON CORPORATION 80,820 84,126
CHUBB LTD 78,633 119,328
CIGNA CORP 124,631 187,755
CITIGROUP INC 72,446 74,279
COMCAST CORP 167,063 179,566
CONOCOPHILLIPS COP 102,637 173,525
DIAGEO PLC 85,757 77,491
DOMINION ENERGY INC 126,057 89,159
DUKE ENERGY CORP 121,828 130,519
DUPONT DE NEMOURS 87,268 89,085
EATON CORP PLC 37,867 85,009
GENL DYNAMICS CORP 111,263 127,238
HONEYWELL INTERNATIONAL INC 94,544 124,777
ILLINOIS TOOL WORKS INC 62,947 101,371
JOHNSON & JOHNSON 87,146 88,245
JPMORGAN CHASE & CO 141,381 204,120
KENVUE INC 99,705 92,622
KKR & CO INC 77,659 98,177
KLA CORP 47,530 81,963
LOWES COMPANIES INC 99,260 127,299
MARRIOTT INTL INC 49,801 71,261
MARSH AND MCLENNAN COMPANIES INC 61,262 108,187
MCKESSON CORPORATION MCK 56,187 145,839
MORGAN STANLEY & CO 104,583 116,190
NASDAQ INC 62,631 91,571
NESTLE 94,083 115,167
NORTHROP GRUMMAN CORP 71,789 101,118
NXP SEMICONDUCTORS NV 53,585 65,229
PACCAR INC 47,880 55,563
PEPSICO INCORPORATED 64,079 76,598
PFIZER INCORPORATED 189,809 122,905
PIONEER NAT RES CO 34,320 31,708
PNC FINANCIAL SERVICES GROUP 52,940 65,037
PROGRESSIVE CORP OHIO 87,765 146,697
PROLOGIS INC 152,321 171,824
RTX CORP 90,310 92,302
SOUTHERN COMPANY 101,175 121,237
TARGET CORP 116,507 110,660
UNION PACIFIC CORP 102,893 138,775
ADOBE SYSTEMS INC 69,933 94,263
ADVANCED MICRO DEVICES INC 121,832 196,940
AIRBNB INC 37,321 33,627
ALPHABET INC NONVOTING 184,914 228,729
AMAZON COM INC 273,621 381,673
AMERICAN TOWER CORP 63,135 56,776
APPLE INC 123,405 226,030
ARM HOLDINGS PLC 28,009 33,064
ASML HOLDING NV 36,800 43,144
ASTRAZENECA PLC 64,950 62,231
BOEING CO 44,163 50,307
BROADCOM INC 75,037 147,345
CADENCE DESIGN SYSTEMS INC 46,375 62,645
COSTCO WHSL CORP 54,820 105,613
CROWDSTRIKE HLDGS INC 37,911 65,617
ELI LILLY & CO 68,526 178,956
GOLDMAN SACHS GROUP INC 39,112 42,435
HOME DEPOT INC 64,296 66,538
HUBSPOT INC 27,351 30,769
INTUITIVE SURGICAL INC 54,692 64,098
KEYSIGHT TECHS INC 25,284 25,454
LOREAL CO 45,300 54,278
LULULEMON ATHLETICA INC 53,889 92,543
LVMH MOET HENNESSY LOUIS VUITTON 66,019 78,626
MARRIOTT INTL INC 40,541 53,220
MERCADOLIBRE INC 62,553 94,292
MASTERCARD INC 111,461 144,160
META PLATFORMS INC 150,392 193,970
MICROSOFT CORP 228,764 409,884
MOBILEYE GLOBAL INC 12,861 13,516
MONGODB INC 50,816 57,648
MOODY'S CORP 44,383 53,116
NETFLIX.COM INC 72,253 107,114
NIKE INC 49,232 35,285
NOVO NORDISK 62,256 110,795
NU HOLDINGS LTD 13,929 13,595
NVIDIA CORP 102,503 300,599
O'REILLY AUTOMOTIVE INC 38,069 52,254
PALO ALTO NETWORKS 17,154 17,103
SALESFORCE.COM 102,357 111,045
SERVICENOW INC 62,463 86,898
SNOWFLAKE INC 87,804 63,680
TESLA INC 54,806 165,239
TJX COS INC 33,549 49,344
TRADE DESK INC 22,317 32,094
UBER TECHNOLOGIES INC 68,514 98,327
UNITEDHEALTH GROUP INC 83,754 88,447
VERTEX PHARMACEUTICALS INC 48,206 62,254
VISA INC 123,425 149,181
ABBVIE INC 8,527 14,102
AMCOR PLC 10,494 8,474
AMERICAN ELECTRIC POWER INC 14,136 12,995
AMGEN INC 11,438 13,537
AT&T INC 15,297 13,122
BCE INC 19,233 16,421
BRITISH AMERN TOB PLC 12,031 9,666
CDN INPERIAL BK COMMRC 8,924 10,109
CHEVRON CORPORATION 8,645 8,204
COCA-COLA COMPANY 7,994 7,956
CONAGRA BRANDS INC 8,225 6,792
CROWN CASTLE INTERNATIONAL CORP 13,754 10,482
DOMINION ENERGY INC 21,339 14,241
DUKE ENERGY CORP COM 18,151 20,961
ENBRIDGE INC 19,530 18,514
ENTERGY CORP NEW 11,626 11,030
GILEAD SCIENCES INC 7,072 9,235
HUNTINGTON BANCSHRES INC 13,763 12,987
KENVUE INC 7,438 7,902
KIMBERLY-CLARK CORP 16,015 14,095
LYONDELLBASEL INDUSTRIES 16,953 17,970
MEDTRONIC PLC 9,251 9,391
NATIONAL GRID PLC 21,570 19,989
PAYCHEX INC 5,277 5,241
PFIZER INCORPORATED 16,215 10,940
PHILIP MORRIS INTERNATIONAL INC 21,577 22,579
PNC FINANCIAL SERVICES GROUP 16,638 15,175
PPL CORPORATION 9,099 7,317
REALTY INCOME CORP 7,247 6,259
SANOFI ADR 8,691 8,603
SOUTHERN COMPANY 12,275 15,216
TC ENERGY CORP 15,771 13,760
TOTALENERGIES 20,740 26,211
TRUIST FINL CORP 16,828 12,294
UNILEVER PLC SPONS 6,265 6,448
UNITED PARCEL SERVICE 11,424 9,748
US BANCORP 16,803 15,364
VERIZON COMMUNICATIONS COM 27,875 21,225
WILLIAMS COMPANIES INC 13,844 18,216
XCEL ENERGY INC 7,859 8,234
AGREE REALTY CORP 41,254 40,729
ALEXANDRIA REAL ESTATE 121,370 99,388
AMERICAN HOMES 4 RENT 88,055 103,960
AMERICAN TOWER CORP 122,853 112,258
AMERICOLD REALTY TRUST 37,610 38,352
APARTMENT INCOME REIT CORP 49,683 41,607
APPLE HOSPITALITY REIT INC 21,903 24,666
AVALONBAY COMMUNITIES REIT 155,670 142,100
BROADSTONE NET LEASE INC 49,290 43,756
COUSINS PPTYS INC 60,106 43,392
DIAMONDROCK HOSPITALITY COMPANY 16,906 18,132
DIGITAL REALTY TRUST INC 101,727 124,217
EQUINIX INC 166,048 178,797
EQUITY RESIDENTIAL 28,792 23,180
ESSEX PROPERTY TRUST INC 124,713 108,102
EXTRA SPACE STORAGE INC 147,700 172,515
FIRST INDL RLTY TR INC 52,103 53,249
GAMING AND LEISURE PROPERTIES INC 67,875 64,945
HEALTHCARE REALTY TR INC 48,157 28,188
INVENTRUST PPTYS CORP 14,248 14,469
INVITATION HOMES INC 102,810 107,071
KILROY RLTY CORP 63,575 36,932
MARRIOTT VACATIONS WORLDWIDE CORP 37,429 19,270
NATIONAL HEALTH INVS INC 22,980 24,742
NETSTREIT CORP 21,141 18,921
PROLOGIS INC 170,017 227,943
PUBLIC STORAGE INC 55,685 57,950
REGENCY CENTERS CORP 84,714 84,889
REALTY INCOME CORP 21,662 23,600
REXFORD IND REALTY INC 99,257 105,692
SABRA HEALTH CARE REIT INC 46,772 46,606
SAUL CENTERS INC 7,987 6,362
SIMON PROPERTY GROUP REIT INC 46,582 46,358
SUN COMMUNITIES INC 112,617 104,381
TERRENO REALTY CORP 42,803 46,438
VENTAS INC 173,969 160,385
VICI PPTYS INC 107,216 130,325
WELLTOWER INC 136,868 176,733
ASE TECHNOLOGY 3,427 7,556
BAE SYSTEMS PLACE 12,329 28,157
BCE INC 14,760 13,232
BHP BILLITON LTD 12,845 15,506
BNP PARIBAS 18,547 22,025
BRITISH AMERN TOB PLC 17,002 12,565
COCA-COLA EUROPACIFIC 17,767 18,420
COCA-COLA FEMSA 14,635 23,660
COMPAGNIE 11,616 16,815
DEUTSCHE POST 16,081 18,977
DEUTSCHE TELEKOM 13,022 18,218
DNB BANK ASA 16,080 16,300
ENEL SOCIETA PER AZIONI 13,864 15,123
GLENCORE PLC 9,169 8,218
IBERDROLA 11,219 12,653
JULIUS BAER GROUP LTD 12,932 12,404
KOMATSU LTD 23,595 22,352
MERCEDES-BENZ GROUP 17,147 15,395
MICHELIN 10,548 13,003
MUENCHENER 9,857 16,782
NESTLE 21,402 23,126
NIPPON TELEGRAPH & TELEPHONE CORP 25,964 29,064
NN GRP 10,701 9,831
NOVARTIS 24,751 31,200
POWER CORP 17,125 15,689
RIO TINTO PLC 15,446 16,083
ROCHE HOLDINGS LTD 14,822 15,035
SANOFI 15,988 16,610
SIEMENS 20,363 30,775
SHELL PLC 14,277 16,845
SMURFIT KAPPA GROUP 9,176 10,682
SOFTBANK CORP 24,156 24,112
SONIC HEALTHCARE LTD 11,745 12,746
SVENSKA 901 858
TESCO PLC SPON 4,332 4,431
TOKIO MARINE HOLDING 17,515 23,824
TOKYO ELECTRON LTD 10,213 19,456
TOTALENERGIES SE 11,948 15,700
TOYOTA MTR CORP 16,903 21,822
UNITED OVERSEAS BK LTD 21,788 25,059
UPM-KYMMENE CORP 9,687 13,488
VEOLIA ENVIRONMENT 11,089 14,425
VOLVO 8,800 10,170
WOODSIDE ENERGY 14,865 12,591
XINYI GLASS HOLDINGS LTD 10,477 5,130
ZURICH INSURANCE GROUP 16,465 26,927
3I GROUP PLC 12,438 23,030
ACUSHNET HOLDINGS CORP 111,248 196,332
ARTISAN PARTNERS ASSET MANAGEMENT INC 90,674 112,085
ASPEN TECHNOLOGY INC 57,307 78,153
ATRION CORP 45,447 25,000
BANCFIRST CORP 76,222 79,616
CLEARWATER ANALYTICS HOLDINGS INC 79,057 74,752
CORVEL CORP 93,306 130,527
DONALDSON COMPANY INC 32,419 45,745
EMCOR GROUP INC 108,030 296,647
FACTSET RESEARCH SYSTEMS INC 82,937 122,602
FIRST HAWAIIAN INC 119,013 113,203
FTI CONSULTING INC 145,611 259,094
GRACO INCORPORATED COM 103,113 177,424
JACK HENRY & ASSOC INC 42,736 53,435
K.FORCE INC 52,273 57,291
KADANT INC 78,278 84,093
LANDSTAR SYSTEMS INC 140,158 160,149
LCI INDUSTRIES 107,013 96,294
MANHATTAN ASSOCIATES INC 64,401 186,467
MOELIS & CO 82,574 125,451
PRIMERICA INC 111,599 213,990
R L I CORP 60,438 79,473
RBC BEARINGS INC 68,033 134,183
RIGHTMOVE PLC 123,804 125,488
SIMPSON MANUFACTURING INC 154,473 330,033
TORO COMPANY 132,173 167,311
UFP INDUSTRIES INC 120,460 150,409
WATTS WATER TECHNOLOGIES 96,344 158,963
ADYEN N V 13,331 10,034
AIA GROUP LTD 13,584 12,967
ALCON INC 12,433 11,874
AIR LIQUIDE 8,733 9,621
ALFA LAVAL AB-UNSPON 10,943 12,114
ALLIANZ SE 29,365 33,309
AMBEV SA 8,479 8,201
ASSA ABLOY AB 7,172 9,405
ATLAS COCOP 12,097 15,179
BANCO BILBAO VIZCAYA ARGENTARIA 13,744 16,453
BHP BILLITON LTD 18,926 21,723
BIONTECH SE 9,761 10,554
CANADIAN NATL RY CO 6,489 8,668
CHUGAI PHARMACEUTICAL CO 20,856 26,673
CREDICORP 8,042 7,646
DAIFUKU CO 6,967 7,762
DASSAULT SYSTEMS 20,333 24,314
DBS GROUP HOLDINGS 29,635 29,669
ENN ENERGY HLDGS LTD 7,762 5,090
EPIROC AKTIEBOLAG 11,429 12,079
FOMENTO ECONOMICO MEXICANO 21,121 27,113
GENMAB 9,433 8,629
HAIER SMART HOME CO 25,398 23,443
HALEON PLC 16,916 16,402
HDFC BANK LTD 11,653 13,154
ICICI BANK LTD 8,894 8,964
INFINEON TECHNOLOGIES 30,412 33,940
KOMATSU LTD 10,944 10,150
LINDE PLC 10,670 11,500
LOREAL CO 23,656 26,344
MANULIFE FINL 17,822 20,487
NESTLE 8,804 10,060
NITORI HLDGS CO 7,319 8,711
NOVOZYMES 5,353 6,094
PERUSAHAAN PERSEROAN PERSERO PT 8,750 9,145
PING AN INSURANCE 6,300 4,248
ROCHE HOLDINGS LTD 17,194 16,883
RIO TINTO PLC 13,516 15,786
SCHNEIDER ELECTRIC 7,426 17,902
SAP SE 20,217 23,034
SHELL PLC 15,340 16,187
SHIESEIDO CO LTD 7,054 4,746
SHIMANO INC 5,779 5,937
SHIONOGI & CO LTD 7,729 8,620
SONOVA HOLDING 6,941 8,492
SYSMEX CORP 7,311 7,440
SYMRISE 9,367 10,234
SONY GROUP CORP 18,405 20,074
TAIWAN SEMICONDUCTOR 13,572 30,680
TENCENT HOLDINGS LTD 10,397 8,314
UNICHARM CORP 10,997 9,725
XP INC 7,294 7,352
AMETEK INC 41,582 51,775
AMPHENOL CORP 42,286 69,490
APOLLO GLOBAL MGMT INC 29,100 47,434
APELLIS PHARMACEUTICALS 22,617 24,423
APTIV PLC 75,408 56,075
ARGENX 34,270 45,271
ARISTA NETWORKS INC 30,850 66,178
AVANTOR INC 66,442 55,842
BURLINGTON STORES INC 115,885 101,324
BWX TECHNOLOGIES 36,074 40,130
CADENCE DESIGN SYSTEMS INC 66,024 86,886
CBRE GROUP INC 81,496 83,874
CHENIERE ENERGY INC 70,510 79,551
CHURCHILL DOWNS INC 66,062 77,180
COGNEX CORP 51,690 39,987
COOPER COS INC 85,073 86,284
COSTAR GROUP INC 77,171 80,661
CROWDSTRIKE HLDGS INC 77,503 112,596
DATADOG INC 57,869 82,417
DEXCOM INC 79,918 90,710
DOMINO'S PIZZA INC 56,126 64,720
EXACT SCIENCES CORP 80,908 88,702
FRESHPET INC 69,879 54,485
GARTNER INC 51,540 71,726
GFL ENVIRONMENTAL INC 83,479 90,209
GLOBANT 79,630 92,098
HALLIBURTON COMPANY 43,033 45,079
HEICO CORP NEW 85,697 111,257
HESS CORPORATION 40,326 49,014
HILTON WORLDWIDE HOLDINGS INC 70,158 96,690
HUBSPOT INC 59,003 83,017
INSULET CORP 73,826 59,453
IQVIA HLDGS INC 70,357 69,183
J B HUNT TRANSPORT SERVICE INC 45,234 72,506
JAZZ PHARMACEUTICALS PLC 50,331 41,697
KBR INC 68,726 73,418
LAMB WESTON HOLDINGS INC 37,663 41,398
LENNAR CORPORATION 40,081 62,001
LITTLEFUSE INC 32,771 28,629
MARTIN MARIETTA MATERIALS INC 56,917 72,342
MARVELL TECHNOLOGY INC 65,437 95,712
MICROCHIP TECHNOLOGY INC 25,241 25,070
MONGODB INC 52,001 59,692
MOLINA HEALTHCARE INC 78,737 92,857
O'REILLY AUTOMOTIVE INC 74,939 111,159
ON HOLDING AG 52,511 62,894
ON SEMI CONDUCTOR CORP 26,450 34,916
PALO ALTO NETWORKS 33,848 79,323
PAYCOR HCM INC 72,751 52,010
PENUMBRA INC 30,264 30,185
PERFORMANCE FOOD GROUP CO 98,536 133,805
PINTEREST INC 77,766 118,491
PROCOE TECHNOLOGIES INC 42,471 45,201
PROGYNY INC 70,670 51,755
PTC INC 47,708 57,037
QUANTA SVCS INC 32,810 63,661
RENAISSANCE RE HOLDING LTD 61,400 72,716
RYAN SPECIALTY GROUP HOLDINGS INC 28,020 29,598
SAIA INC 69,844 76,689
SHIFT4 PAYMENTS INC 109,249 120,803
SHOCKWAVE MEDICAL INC 23,804 20,390
SITEONE LANDSCAPE SUPPLY INC 37,687 37,213
STERIS PLC 78,895 78,047
TAKE-TWO INTERACTIVE SOFTWARE INC 46,670 57,781
TEXAS ROADHOUSE INC 55,279 69,671
TELEDYNE TECHNOLOGIES 74,922 78,993
TRADE DESK INC 80,059 83,258
TRACTOR SUPPLY COMPANY 36,114 38,705
UNIVERSAL DISPLAY CORP 124,309 138,281
WATSCO INC 52,744 65,556
WEX INC 97,687 99,026
WILLSCOT MOBILE MINI HLDGS CORP 23,628 29,726
ZURN WTR SOLUTIONS CORP 25,589 22,058
FIRST TR GLOBAL 96,682 85,564
GOLDMAN SACHS 250,536 390,531
INVESCO OPTIMUM 119,671 95,880
ISHARES 350,184 385,162
ISHARES CORE MSCI 586,771 622,316
ISHARES CORE S&P MID 140,168 199,548
ISHARES CORE S&P 500 640,488 904,154
ISHARES INC 380,425 334,688
SECTOR SPDR TR 44,023 108,944
SELECT SECTOR SPDR 55,949 54,961
VANGUARD FTSE 322,945 346,078
VANGUARD INTL EQUITY 257,126 218,775
VANGUARD MID CAP 513,075 562,058

TY 2023 InvestmentsOtherSchedule2
Name:
SHEPHERDS - A FAMILY FOUNDATION
EIN:
47-3839311
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BANK OF AMERICA CORP AT COST 50,022 49,959
GOOGLE INC AT COST 250,549 249,145
COLGATE-PALMOLIVE CO AT COST 200,328 199,192
AUTOMATIC DATA PROCESSNG AT COST 101,675 97,977
NORTHERN TRUST CORP AT COST 50,706 49,129
CHEVRON CORP AT COST 152,963 146,835
CHARLES SCHWAB CORP AT COST 201,586 193,776
EXXON MOBIL CORPORATION AT COST 253,669 242,768
GE CAPITAL AT COST 51,330 48,991
APPLE INC AT COST 204,716 194,802
KAISER FOUNDATION HOSPIT AT COST 154,973 143,451
CATERPILLAR FINL SERVICE AT COST 49,629 46,656
NOVARTIS CAPITAL CORP AT COST 102,471 96,249
TOYOTA MOTOR CREDIT CORP AT COST 261,022 238,385
PFIZER INC AT COST 262,092 243,624

TY 2023 OtherExpensesSchedule
Name:
SHEPHERDS - A FAMILY FOUNDATION
EIN:
47-3839311
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MN FILING FEE 25 25   0


TY 2023 OtherProfessionalFeesSchedule
Name:
SHEPHERDS - A FAMILY FOUNDATION
EIN:
47-3839311
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATION FEES 254,372 216,215   38,157


TY 2023 TaxesSchedule
Name:
SHEPHERDS - A FAMILY FOUNDATION
EIN:
47-3839311
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 17,166 17,166   0
FEDERAL TAXES 65,000 0   0