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 03-01-2023 , and ending 02-29-2024
Name of foundation
CLARENCE H & ANNA E LUTZ FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 147
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHESTER, SC29706
A Employer identification number

57-0940342
B Telephone number (see instructions)

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$8,390,256J 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) 10,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,877 2,877  
4 Dividends and interest from securities... 325,267 325,267  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 121,020
b Gross sales price for all assets on line 6a 334,373
7 Capital gain net income (from Part IV, line 2)... 121,020
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)....... Click to see attachment
List of Attached Documents:
// Content
1,245 1,245  
12 Total. Add lines 1 through 11........ 460,409 450,409  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,000     10,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
17,500     17,500
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,033     2,033
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,167 3,167   3,167
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
11,556    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 102     102
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,802     11,802
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 56,160 3,167   44,604
25 Contributions, gifts, grants paid....... 359,000 359,000
26 Total expenses and disbursements. Add lines 24 and 25 415,160 3,167   403,604
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 45,249
b Net investment income (if negative, enter -0-) 447,242
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 355,111 397,239 397,239
2 Savings and temporary cash investments.........      
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)....... 2,350,183 Click to see attachment
List of Attached Documents:
// Content
2,308,779 		4,451,169
c Investments—corporate bonds (attach schedule)....... 361,315 Click to see attachment
List of Attached Documents:
// Content
249,315 		219,060
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).......... 2,041,622 Click to see attachment
List of Attached Documents:
// Content
2,137,522 		2,852,480
14 Land, buildings, and equipment: basis right arrow478,479
Less: accumulated depreciation (attach schedule) right arrow13,415 404,439 Click to see attachment
List of Attached Documents:
// Content
465,064 		465,064
15 Other assets (describe right arrow) 5,244 5,244 Click to see attachment
List of Attached Documents:
// Content
5,244
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,517,914 5,563,163 8,390,256
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 5,517,914 5,563,163
29 Total net assets or fund balances (see instructions)..... 5,517,914 5,563,163
30 Total liabilities and net assets/fund balances (see instructions). 5,517,914 5,563,163
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
5,517,914
2
Enter amount from Part I, line 27a .....................
2
45,249
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,563,163
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
5,563,163
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 65000 CBS INC SR NT 7125 P 1997-07-23 2023-11-01
b 47000 PARAMOUNT GLOBAL 7875 P 1999-12-29 2023-09-01
c 115 BROADCOM INC P 2019-01-09 2023-11-06
d 75 GALLAGHER ARTHUR J & CO P 2006-04-28 2023-11-06
e 1005 J P MORGAN EXCHANGE-TRADED FD P 2022-03-08 2023-11-06
300 WASTE MGMT INC P 2012-07-10 2023-11-06
(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 65,000   65,000  
b 47,000   47,000  
c 100,487   28,506 71,981
d 18,207   2,082 16,125
e 53,369   59,947 -6,578
50,310   10,818 39,492
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        
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 2 121,020
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 6,217
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 6,217
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 6,217
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 14,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,783
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow7,783 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 arrowSC
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 arrowWWW.LUTZFOUNDATION.ORG
14
The books are in care ofright arrowDEWEY GUYTON Telephone no.right arrow (803) 385-5357

Located atright arrowP O BOX 147CHESTERSC ZIP+4right arrow29706
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
 
 
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
Yes
 
If "Yes," list the years right arrow2022, 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
DEWEY GUYTON PRESIDENT AND BOARD CHAIR
12.00 		1,500 0 0
P O BOX 147
CHESTER,SC29706
JOAN L GUYTON VPTREASURERBOARD MEMBER
24.00 		1,500 0 0
P O BOX 147
CHESTER,SC29706
SHEILA B BISHOP SECRETARYBOARD MEMBER
20.00 		7,000 0 0
P O BOX 147
CHESTER,SC29706
R A OLIPHANT IV 2ND VPBOARD MEMBER
0.00 		0 0 0
P O BOX 147
CHESTER,SC29706
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 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
6,807,556
b
Average of monthly cash balances.......................
1b
341,295
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
7,148,851
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
7,148,851
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
107,233
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,041,618
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
352,081
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
352,081
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
6,217
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,217
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
345,864
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
345,864
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
345,864
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
403,604
b
Program-related investments—total from Part VIII-B..................
1b
 
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
403,604
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 7 345,864
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 329,765
b Total for prior years:20 , 20, 20  
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$ 403,604
a Applied to 2022, but not more than line 2a 329,765
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..... 73,839
e Remaining amount distributed out of corpus  
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  
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 .......... 		272,025
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 ...... 		 
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....  
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.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
JOAN GUYTON
P O BOX 147
CHESTER,SC29706
(803) 581-3743
bThe form in which applications should be submitted and information and materials they should include:
SEE ATTACHED GRANT GUIDELINES AND APPLICATIONS
cAny submission deadlines:
SEP 30TH 5 PM
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NO
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
LEWIS FIRE DEPT


1652 WOODS RD
CHESTER,SC29706 		  PC EMERGENCY LIGHTING & SIREN 8,000
TRINITY BAPTIST CHURCH


112 CHESTER AVE
GREAT FALLS,SC29055 		  PC KIDS FOR CHRIST PLAYGROUND 10,000
CURES FOR CHESTER


114 COLUMBIA ST
CHESTER,SC29706 		  PC ASHFORD ST SKATE PARK 20,000
I58


1841 J A COCHRANE BYPASS SUITE K
CHESTER,SC29706 		  PC FURNISH MENS HOME 10,000
GRASP


PO BOX 424
GREAT FALLS,SC29055 		  PC HUNGER RELIEF PROGRAM 10,000
SENIOR SERVICES OF CHESTER COUNTY


PO BOX 1109
CHESTER,SC29706 		  PC TRAINING FOR SR COMPANION PROGRAM 10,000
ARTS COUNCIL OF CHESTER CO


PO BOX 804
CHESTER,SC29706 		  PC NEW AWNING AND FLOORING 6,000
RIDEABILITY THERAPEUTIC RIDING CTR


2551 PATS RD
CLOVER,SC29710 		  PC SPECIAL NEEDS PROGRAM FOR HORSE FEED SUPPLIES VET 10,000
RIDEABILITY THERAPEUTIC RIDING CTR


2551 PATS RD
CLOVER,SC29710 		  PC TUITION ASSISTANCE PROGRAM 10,000
CHILDRENS ATTENTION HOME


ROCK HILL
ROCK HILL,SC29732 		  PC RENOVATE COTTAGE BATHROOMS 40,000
BEAUTIFUL PLACES ALLIANCE


1205 PENDLETON ST STE 246
COLUMBIA,SC29201 		  PC CHESTER ST PARK CAMPING AREA AND UPGRADES 40,000
SHOWTIME THEATRE COMPANY


3074 DENALI WAY
ROCK HILL,SC29732 		  PC LIGHTING EQUIP COSTUMES AND INSTRUMENTS 15,000
BATTERED BUT NOT BROKEN


P O BOX 213
CHESTER,SC29706 		  PC PARKING LOT 15,000
TOWN OF LOWRYS


2453 OLD YORK RD
CHESTER,SC29706 		  PC UPDATE SHELTER FOR SPECIAL NEEDS 20,000
CAROLINA COMMUNITY CARE HOSPICE


2275 INDIA HOOK RD
ROCK HILL,SC29732 		  PC REPLACE HOSPITAL BEDS IN PATIENT ROOMS 25,000
THE BEACON FOUNDATION


128 LANCASTER ST
CHESTER,SC29706 		  PC MENTORSHIP PROGRAM 5,000
CHESTER CO ANIMAL CONTROL


2714 DAWSON DR
CHESTER,SC29706 		  PC SPAY AND NEUTER PROGRAM 11,000
UNIV OF SC - UNION


309 ACADEMY ST
UNION,SC29379 		  PC DIAGNOSTIC SOUND EQUIPMENT 15,000
CHESTER COUNTY SHERIFFS OFFICE


2740 DAWSON DR
CHESTER,SC29706 		  PC DRONE PROGRAM 20,000
CLEMSON UNIVERSITY 4-H


109 ELLA ST
CHESTER,SC29706 		  PC 4-H PROGRAMS AND ACTIVITIES 11,000
PILGRIMS INN


236 WEST MAIN ST
ROCK HILL,SC29730 		  PC COMMERCIAL REFRIGERATOR AND FREEER UNIT 20,000
LANCASTER CHILDRENS HOME


P O BOX 416
LANCASTER,SC29721 		  PC REPLACE ROOF ON GIRLS COTTAGE 20,000
OLD ZION ST PAULS HALSELLVILLE CEME


P O BOX 310
CHESTER,SC29706 		  PC CEMETERY AWNINGS EXPANSION AND ENCLOSURE 8,000
Total .................................right arrow 3a 359,000
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 ........... 		        2,877
4 Dividends and interest from securities ....         325,267
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 ............ 		         
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) ..     328,144
13Total. Add line 12, columns (b), (d), and (e)..................
13
328,144
(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.)
03 INTEREST USED TO FUND GRANTS TO PUBLIC CHARITIES
04 DIVIDENDS USED TO FUND GRANTS TO PUBLIC CHARITIES
08 GAINS USED TO FUND GRANTS TO PUBLIC CHARITIES
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

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TY 2023 DepreciationSchedule
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
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
COMPUTER 2006-08-15 3,930 3,930 M 5 0 0 0  
2 LAPTOPS 2018-10-09 1,314 1,237 M 5 76 0 0  
OFFICE BUILDING INITIAL COSTS 2021-07-08 12,200 509 ARP 39 313 0 0  
OFFICE BUILDING CONSTRUCTION COSTS 2022-12-31 371,580 1,984 ARP 39 9,527 0 0  
OFFICE BUILDING CONSTRUCTION COSTS 2023-12-31 55,676 0 ARP 39 297 0 0  
PAVING PARKING LOT 2023-09-18 11,500 0 M 15 575 0 0  
CLOSET AND SHELVING 2023-06-13 3,000 0 M 7 429 0 0  
LANDSCAPING 2023-11-05 3,200 0 M 15 160 0 0  
BUILDING SIGN 2024-01-16 971 0 M 15 49 0 0  
OFFICE CONSOLE 2023-05-08 478 0 M 7 68 0 0  
STORAGE CABINET 2023-05-30 431 0 M 7 62 0 0  

TY 2023 InvestmentsCorpBondsSchedule
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Name of Bond End of Year Book Value End of Year Fair Market Value
$65000 CBS INC 7.125% 0 0
$30000 GOLDMAN SACHS 5.15% 30,000 29,387
$30000 GOLDMAN SACHS 4.25% 30,000 27,558
$25000 GOLDMAN SACHS 4.0% 25,000 22,645
$30000 GENERAL ELECT CAP CORP 29,690 31,665
$20000 FORD MTR 7.45% 19,805 21,551
$20000 FORD MTR CREDIT 4.05% 20,000 18,259
$30000 LEHMAN BROS HLDGS INC 30,000 15
$25000 BELLSOUTH CORP GLOBAL 24,155 26,399
$47000 PARAMOUNT GLOBAL 0 0
$40000 SBC COMMUNICATIONS INC 40,665 41,581

TY 2023 InvestmentsCorpStockSchedule
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Name of Stock End of Year Book Value End of Year Fair Market Value
179 AMGEN INC 39,839 49,016
2342 BASF SE SPONS 39,970 29,931
1500 ABBOTT LABS 43,398 177,960
600 BANK OF AMERICA 29,310 20,712
1358 ABBVIE INC 43,356 239,076
2022 TRUIST FINANCIAL CORP 71,953 70,730
134 LINDE PLC 39,945 60,142
2020 VALE S A ADR 39,996 27,088
3000 CSX CORP 21,444 113,820
1000 BRISTOL MYERS SQUIBB CO 26,450 50,750
500 PHILLIPS 66 12,852 71,255
3835 DUKE ENERGY 59,880 352,168
943 CVS HEALTH CORP 69,977 70,131
1500 FEDERAL RLTY INVEST TRUST 33,052 151,275
1800 FEDERAL NATIONAL MORTGAGE 71,431 9,450
ARTHUR GALLAGHER 16,126 141,723
BROADCOM INC 39,356 204,177
2105 AIRBUS SE 55,032 87,000
1000 CONOCO PHILLIPS 17,266 112,540
998 RIO TINTO PLC 52,996 64,401
2880 GENERAL MOTORS 91,893 118,022
400 PNC FINL SVCS GROUP INC 20,583 58,880
3000 PFIZER 109,050 79,680
3130 THE SOUTHERN CO 48,056 210,493
2341 DOMINION ENERGY 95,947 111,970
1330 EXXON MOBIL CORP 57,926 139,012
4594 REGIONS FINL CORP NEW COM 85,538 85,586
4477 ENBRIDGE INC 143,909 153,998
8073 ELME COMMUNITIES 148,686 103,980
3500 VERIZON COMMUNICATIONS 110,704 140,070
1610 TC ENERGY CORP 70,017 63,726
1415 AMERICAN ELECT POWER 59,899 120,544
867 MERCK & CO 69,986 110,239
2000 INTEL 53,509 86,100
2000 SYSCO CORP 59,111 161,940
1250 COCA COLA 28,548 75,025
2178 CONAGRA FOODS 70,235 61,158
1170 MONDELEZ 25,236 85,492
1500 KRAFT HEINZ 63,700 52,920
962 GENERAL MILLS 28,789 61,741
500 PACKAGING CORP 12,852 90,595
WASTE MANAGEMENT 30,976 176,653

TY 2023 InvestmentsOtherSchedule2
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS   2,066,795 2,781,753
EXCHANGE TRADED PRODUCT JPMORGAN   0 0
MONEY FUNDS BROKERAGE ACCOUNT   70,727 70,727

TY 2023 LandEtcSchedule2
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 23,152 0 23,152 23,152
OFFICE BUILDING INITIAL COSTS 12,200 822 11,378 11,378
OFFICE BUILDING CONSTRUCTION COSTS 371,580 11,511 360,069 360,069
OFFICE BUILDING CONSTRUCTION COSTS 55,876 298 55,578 55,578
PAVED PARKING LOT 11,500 575 10,925 10,925
LANDSCAPING 3,200 160 3,040 3,040
BULDING SIGN 971 49 922 922


TY 2023 LegalFeesSchedule
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ROBERT H BREAKFIELD 17,500 0 0 17,500


TY 2023 OtherAssetsSchedule
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
COMPUTER 3,930 3,930 3,930
LAPTOP COMPUTERS 1,314 1,314 1,314


TY 2023 OtherExpensesSchedule
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
UTILITIES 1,862 0 0 1,862
ADVERTISING - WEBSITE 450 0 0 450
PHONE AND INTERNET 2,786 0 0 2,786
OFFICE SUPPLIES 695 0 0 695
SC LICENSE FEE 25 0 0 25
BUILDING INSURANCE 2,239 0 0 2,239
MEMBERSHIP DUES 915 0 0 915
DIRECTORS INSURANCE 750 0 0 750
POSTAGE AND PO BOX RENTAL 260 0 0 260
PLUMBING REPAIRS 1,045 0 0 1,045
LAWNCARE 775 0 0 775


TY 2023 OtherIncomeSchedule2
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
REFUND FOR REAL PROPERTY TAXES 1,245 1,245 0


TY 2023 OtherProfessionalFeesSchedule
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SECURITIES FEES 148 0 0 148
INCOME TAX PREPARATION 1,885 0 0 1,885


TY 2023 TaxesSchedule
Name:
CLARENCE H & ANNA E LUTZ FOUNDATION
EIN:
57-0940342
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX ON SECURITIES 3,167 3,167 0 3,167