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
BEN AND CATHERINE IVY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6710 N SCOTTSDALE ROAD 235
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SCOTTSDALE, AZ85253
A Employer identification number

27-3322123
B Telephone number (see instructions)

(480) 659-9621
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$333,226,223J 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) 540
2 Check right arrow.............
3 Interest on savings and temporary cash investments 563,603 561,103  
4 Dividends and interest from securities... 6,301,184 6,301,184 6,301,184
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,399,904
b Gross sales price for all assets on line 6a 22,822,752
7 Capital gain net income (from Part IV, line 2)... 6,399,904
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
250,148 250,148  
12 Total. Add lines 1 through 11........ 13,515,379 13,512,339 6,301,184
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 396,507     396,507
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 15,492     15,492
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
41,525 606   40,919
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,320     16,320
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
752,946 428,496   324,450
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
355,797 205,797    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,707    
20 Occupancy.............. 65,240     65,240
21 Travel, conferences, and meetings....... 13,966     13,966
22 Printing and publications.......... 4,760     4,760
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
143,284 7,776   135,508
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,808,544 642,675   1,013,162
25 Contributions, gifts, grants paid....... 14,802,211 14,802,210
26 Total expenses and disbursements. Add lines 24 and 25 16,610,755 642,675   15,815,372
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,095,376
b Net investment income (if negative, enter -0-) 12,869,664
c Adjusted net income (if negative, enter -0-)... 6,301,184
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 17,205,217 6,034,436 6,034,436
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) 55,455 55,455 51,119
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow2,296,477
Less: accumulated depreciation (attach schedule) right arrow   2,296,477 Click to see attachment
List of Attached Documents:
// Content
2,296,477 		2,296,477
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 276,821,673 Click to see attachment
List of Attached Documents:
// Content
284,879,042 		324,832,699
14 Land, buildings, and equipment: basis right arrow107,279
Less: accumulated depreciation (attach schedule) right arrow98,990 10,996 Click to see attachment
List of Attached Documents:
// Content
8,289 		8,289
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,203 		Click to see attachment
List of Attached Documents:
// Content
3,203 		Click to see attachment
List of Attached Documents:
// Content
3,203
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 296,393,021 293,276,902 333,226,223
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) Click to see attachment
List of Attached Documents:
// Content
8,620 		Click to see attachment
List of Attached Documents:
// Content
11,652
23 Total liabilities (add lines 17 through 22)......... 8,620 11,652
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........... 296,384,401 293,265,250
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    
29 Total net assets or fund balances (see instructions)..... 296,384,401 293,265,250
30 Total liabilities and net assets/fund balances (see instructions). 296,393,021 293,276,902
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
296,384,401
2
Enter amount from Part I, line 27a .....................
2
-3,095,376
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
293,289,025
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
23,775
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
293,265,250
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 85935.262 AMCAP FUND A P 2006-12-31 2023-10-10
b 55949.273 NEW PERSPECTIVE FUND A P 2006-12-31 2023-10-10
c 40338.846 AMERICAN MUTAL FUND A P 2006-12-31 2023-07-11
d 29967.036 FUNDAMENTAL INVESTORS A P 2006-12-31 2023-10-10
e 387614.93 INTERMEDIATE BOND FUND P 2006-12-31 2023-12-08
262709.394 SHORT-TERM BOND FUND P 2006-12-31 2023-07-11
100 DOMINION ENERGY INC P 2022-07-05 2023-12-06
100 DOMINION ENERGY INC P 2022-08-30 2023-12-06
100 JOHNSON & JOHNSON P 2022-07-05 2023-12-06
100 JOHNSON & JOHNSON P 2022-08-30 2023-12-06
Capital Gain Dividends      
(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 3,000,000   2,759,992 240,008
b 3,000,000   2,405,239 594,761
c 2,000,000   1,607,218 392,782
d 2,000,000   1,675,379 324,621
e 4,800,000   5,340,335 -540,335
2,466,757   2,583,857 -117,100
4,637   8,014 -3,377
4,637   8,383 -3,746
15,875   17,819 -1,944
15,875   16,612 -737
      5,514,971
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       240,008
b       594,761
c       392,782
d       324,621
e       -540,335
      -117,100
      -3,377
      -3,746
      -1,944
      -737
       
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 6,399,904
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) 1 178,888
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 178,888
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 178,888
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 95,184
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 150,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 245,184
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  
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 66,296
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow66,296 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 arrowAZ
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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.IVYFOUNDATION.ORG
14
The books are in care ofright arrowCATHERINE E IVY Telephone no.right arrow (480) 659-9621

Located atright arrow6710 N SCOTTSDALE ROAD 235SCOTTSDALEAZ ZIP+4right arrow85253
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CATHERINE E IVY President
60.00 		383,403 13,104  
6710 N SCOTTSDALE ROAD 235
SCOTTSDALE,AZ85253
MEGAN EDWARDS Treasurer
1.00 		0    
235 W MAIN ST
LOS GATOS,CA95030
STEPHANIE MCRAE ESQ Secretary
1.00 		0    
445 N 5TH ST STE 600
PHOENIX,AZ85004
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  
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
GREENWICH MANAGEMENT INVESTMENT CONSULTING 428,496
6710 N SCOTTSDALE RD 235
SCOTTSDALE,AZ85253
INNER SUNSET LLC SCIENTIFIC MED ADVICE 324,450
10645 N TATUM BLVD STE C200-501
PHOENIX,AZ85028
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
300,792,294
b
Average of monthly cash balances.......................
1b
14,803,897
c
Fair market value of all other assets (see instructions)................
1c
2,396,477
d
Total (add lines 1a, b, and c).........................
1d
317,992,668
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
317,992,668
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
4,769,890
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
313,222,778
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
15,661,139
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
15,661,139
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
178,888
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
178,888
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
15,482,251
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
15,482,251
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
15,482,251
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
15,815,372
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
15,815,372
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 15,482,251
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 15,573,043
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$ 15,815,372
a Applied to 2022, but not more than line 2a 15,573,043
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 242,329
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 .......... 		15,239,922
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).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
httpwwwivyfoundationorg
6710 NORTH SCOTTSDALE ROAD 235
SCOTTSDALE,AZ85253
(480) 659-9621
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
UNIVERSITY OF MICHIGAN


500 STATE ST
ANN ARBOR,MI48109 		NONE   REFUND OF UNUSED FUNDS. -3,200
UT SOUTHWESTERN MEDICAL CENTER


5323 HARRY HINES BLVD
DALLAS,TX75390 		NONE   REFUND OF UNUSED FUNDS. -35,269
UC SAN DIEGO


9500 GILMAN DR
LA JOLLA,CA92093 		NONE   SMALL MOLECULE REGULATION OF REST PROTEIN LEVELS PROVIDES AN IDEAL PLATFORM FOR DEVELOPING A NEW THERAPEUTIC FOR THE TREATMENT OF GLIOBLASTOMA MULTIFORME. PAYMENT 2 OF 2. 300,000
UNIVERSITY OF TX MD ANDERSON CANCER


1515 HOLCOMBE BLVD
HOUSTON,TX77030 		NONE   DEVELOP SAFE AND POTENT DRUGS THAT CAN TURN THE TUMOR IMMUNE MICROENVIRONMENT FROM SUPPRESSIVE TO PERMISSIVE, THEREBY HELPING THE IMMUNE SYSTEM TO RECOGNIZE AND KILL GLIOBLASTOMA. PAYMENT 2 OF 2. 250,000
SWEDISH MEDICAL CENTER


747 BROADWAY
SEATTLE,WA98122 		NONE   ASSESS COMBINATIONS OF SMALL MOLECULES AND IMMUNOTHERAPIES FOR KILLING GLIOBLASTOMA TUMOR CELLS IN A PERSONALIZED EX VIVO ECOSYSTEM WITH INTACT TUMOR MICROENVIRONMENT USING MULTIPLEX IMMUNOCHEMISTRY AND SPATIAL MAPPING OF CELL TYPES. 300,500
EMORY UNIVERSITY


201 DOWMAN DR
ATLANTA,GA30322 		NONE   REFUND OF UNUSED FUNDS. -51,233
SOCIETY OF ST VINCENT DE PAUL


420 W WATKINS RD
PHOENIX,AZ85003 		NONE   CENTER FOR FAMILY WELLNESS ESTABLISHED TO FOCUS ON THE PREVENTION AND MANAGEMENT OF CHRONIC DISEASES THROUGH NUTRITION, PHYSICAL ACTIVITY AND OVERALL WELLNESS. ITS CULTURALLY GROUNDED BILINGUAL EDUCATION PROGRAMS ENCOURAGE THE WHOLE FAMILY TO PARTICIPATE. 380,000
ARCS FOUNDATION


PO BOX 240
ARTESIA,CA90720 		NONE   ADVANCE SCIENCE AND TECHNOLOGY IN THE UNITED STATES BY PROVIDING AWARDS TO ACADEMICALLY OUTSTANDING US CITIZENS STUDYING TO COMPLETE DEGREES IN SCIENCE, ENGINEERING AND MEDICAL RESEARCH. 8,800
UNIVERSITY OF MICHIGAN


500 S STATE ST
ANN ARBOR,MI48109 		NONE   DEVELOP QUANTITATIVE METHODS TO ASSESS METHIONNINE METABOLISM AND TEST THE EFFICACY OF METHIONNE-DIRECTED THERAPEUTICS IN MOUSE MODELS AND PATIENTS WITH GLIOBLASTOMA. PMT 1 OF 2. 250,000
UNIVERSITY OF TX MD ANDERSON CANCER


1515 HOLCOMBE BLVD
HOUSTON,TX77030 		NONE   REFUND OF UNUSED FUNDS. -843
UNIV OF MIAMI MILLER SCHOOL OF MEDI


1600 NW 10TH AVE 1140
MIAMI,FL33136 		NONE   REFUND OF UNUSED FUNDS. -1,480
CITY OF HOPE MEDICAL CENTER


1500 E DUARTE ROAD
DUARTE,CA91010 		NONE   PHASE I CLINICAL TRIAL TO EVALUATE THE FEASIBILITY, SAFETY, AND CLINICAL EFFICACY OF TGF-RESISTANT ILIRa2-CAR T CELLS FOR TREATMENT OF RECURRENT GLIOBLASTOMA. PMT #1 OF 2. 300,000
MAYO CLINIC


4500 SAN PABLO RD S
JACKSONVILLE,FL32224 		NONE   IDENTIFY THE ONCOGENIC SIGNALING DEPENDENCIES THAT CHARACTERIZE EACH OF THE CELLULAR SUBPOPULATIONS THAT COMPRISE A GLIOBLASTOMA TUMOR, AND FROM THIS INFORMATION CONSTRUCT A NON-TOXIC COMBINATION OF KINASE INHIBITORS TO EFFECTIVELY TREAT THIS DISEASE. PAYMENT 2 OF 2. 300,000
MARICOPA COMMUNITY COLLEGES FOUNDAT


2419 W 14TH STREET
TEMPE,AZ85281 		NONE   The foundation actively seeks contributions from a variety of private sources including individuals, corporations, and foundations and believes that everyone has the opportunity to improve their lives through education. MCCCDF works to fulfill this vision with its mission to boldly impact the community through innovative and strategic partnerships for the growth and benefit of the Maricopa Community Colleges, its students, faculty, and staff. 130,500
TRANSLATIONAL GENOMICS RESEARCH TGE


445 N FIFTH ST 600
PHOENIX,AZ85004 		    REFUND OF UNUSED FUNDS. -18,367
TRANSLATIONAL GENOMICS RESEARCH TGE


445 N FIFTH ST 600
PHOENIX,AZ85004 		    NEUROLOGICAL SCIENCES INTERNSHIP PROGRAM AT TGEN DESIGNED TO GIVE HIGH SCHOOL AND UNDERGRADUATE STUDENTS INTENSIVE, HANDS-ON RESEARCH EXPERIENCE WORKING ALONGSIDE A MENTOR-SCIENTIST TO LEARN ABOUT TRANSLATIONAL RESEARCH WHILE INVESTIGATING QUESTIONS WITHIN THE NEUROLOGICAL SCIENCES. 100,218
YALE CANCER CENTER


333 CEDAR ST
NEW HAVEN,CT06510 		NONE   REFUND OF UNUSED FUNDS. -124,320
UNIVERSITY OF TX MD ANDERSON CANCER


1515 HOLCOMBE BLVD
HOUSTON,TX77030 		    PROJECT SEEKS TO PRECLINICALLY OPTIMIZE NOVEL THERAPEUTIC APPROACHES FOR ATRX-DEFICIENT MALIGNANT GLIOMAS TARGETING G-QUADRUPLEX DNA SECONDARY STRUCTURE. PAYMENT 2 OF 2. 300,000
ST JOSEPH'S FOUNDATION


350 W THOMAS RD
PHOENIX,AZ85013 		NONE   supports patient care, medical education, research and community outreach at St. Joseph Hospital. 135,000
H LEE MOFFITT CANCER CENTER


200 1ST ST SW
ROCHESTER,MN55905 		NONE   REFUND OF UNUSED FUNDS. -5,872
ST JOSEPH'S FOUNDATION


350 W THOMAS RD
PHOENIX,AZ85013 		NONE   IVY BRAIN TUMOR CENTER AT BARROW NEUROLOGICAL INSTITUTE CAPITAL EXPENDITURES. 5,970,000
NEURO TRIALS LLC


2910 NORTH THIRD AVENUE
PHOENIX,AZ85013 		NONE   MULTIPLE AWARDS:1) DEVELOPMENT OF TRIPLE-DRUG COCKTAILS TO INDUCE GLIOBLASTOMA.2) UCSF PRECLINICAL CORE FOR DRUG DEVELOPMENT AT THE IVY BRAIN TUMOR CENTER.3)10 YEAR IBTC GRANT4) MATCHING FUNDS NATIONAL GBM DAY 3,800,935
DAMON RUNYON CANCER RESEARCH FDN


55 BROADWAY STE 302
NEW YORK,NY10006 		NONE   INVESTIGATION OF A BIOMARKER PHASE 2 STUDY TO EVALUATE TARGETED THERAPY HARBORING SPECIFIC GENETIC ALTERATIONS. 4TH AND FINAL PMT. 130,000
MEMORIAL SLOAN KETTERING CANCER CEN


160 EAST 53RD STREET
NEW YORK,NY10022 		NONE   DISCOVER AND DESCRIBE DORMANT TUMOR CELLS CALLED CANCER STEM CELLS THAT RESIDE WITHIN ADULT GLIOMA AND ARE RESISTANT TO CURRENT THERAPIES. PAYMENT 2 OF 2. 300,000
COLUMBIA UNIVERSITY IRVING MEDICAL


630 WEST 168TH STREET
NEW YORK,NY10032 		    TARGETING THE GLIOBLASTOMA MASTER REGULATOR CEBP A PHARMACOKINETICS AND PHARMACODYNAMICS SURGICAL STUDY OF ST101. PAYMENT 2 OF 2. 250,000
MAYO CLINIC COLLEGE OF MEDICINE


200 1ST ST SW
ROCHESTER,MN55905 		NONE   EVALUATE CANDIDATE GLIOMA CSF PROTEOMIC SIGNATURES TO HELP UNDERSTAND AND MONITOR GLIOMA EVOLUTION IN LIVING PATIENTS DURING STANDARD OF CARE AND EXPERIMENTAL IMMUNOTHERAPY. PAYMENT 2 OF 2. 300,000
INDIANA UNIVERSITY FOUNDATION


1500 IN-46
BLOOMINGTON,IN47408 		NONE   DETERMINE THE STRUCTURAL BASIS AND MOLECULAR MECHANISM OF ACTION OF SUM01 DEGRADERS IN TREATMENT OF GLIOBLASTOMA, ALONE AND IN COMBINATION WITH CURRENT STANDARD CHEMO AND RADIOTHERAPY. 298,592
CHILDREN'S HOSPITAL OF PHILADELPHIA


3401 CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		NONE   ENGINEERING A MULTI-ANTIGEN TARGETING CAR T THERAPY WITH CONFINED ACTIVITES WITHIN THE TUMOR MICROENVIRONMENT TO TREAT ANTIGENICALLY HETEROGENOUS ADULT GLIOBLASTOMA. 300,000
UNIVERSITY OF VIRGINIA


1300 JEFFERSON PARK AVE
CHARLOTTESVILLE,VA22903 		NONE   DEVELOP SMALL MOLECULE INHIBITORS OF A NEWLY IDENTIFIED ONCOGENE IN GLIOBLASTOMA. PMT 1 OF 2. 300,000
UNIVERSITY OF VIRGINIA


1300 JEFFERSON PARK AVE
CHARLOTTESVILLE,VA22903 		NONE   DEVELOP AND TEST NEW THERAPIES FOR GLIOBLASTOMA USING MICORNAS. PMT 1 OF 2. 300,000
UNIVERSITY OF VIRGINIA


1300 JEFFERSON PARK AVE
CHARLOTTESVILLE,VA22903 		NONE   DEVELOP AND DEPLOY STRATEGIES FOR LEVERAGING MRI-GUIDED FOCUSED ULTRASOUND THERAPY TO POTENTIATE CAR-T CELL THERAPY AGAINST ADULT HIGH-GRADE GLIOMAS. PMT 1 OF 2. 300,000
VANGUARD CHARITABLE


PO BOX 9509
WARWICK,RI02889 		NONE   INCREASE PHILANTHROPY AND MAXIMIZE ITS IMPACT OVER TIME. 25,000
AZ BIO


2800 N CENTRAL AVE 1450
PHOENIX,AZ85004 		NONE   Provides ethics resources with particular attention to those affecting Arizonans. 2023 GRANT. 5,000
LEUKEMIA LYMPHOMA SOCIETY


3677 N 7TH ST
PHOENIX,AZ85014 		NONE   supports the development of new treatments for cancer and breaking down the barriers to care that patients often encounter. 250
TPWORG


1 FERRY BUILDING 2ND FLOOR 201
SAN FRANCISCO,CA94111 		NONE   providing philanthropy tools and information to individuals and families whose needs were not being sufficiently met by financial advisors and other existing resources. 3,000
COMMON SPIRIT HEALTH FOUNDATION


185 BERRY ST STE 200
SAN FRANCISCO,CA94107 		NONE   focused on making health equity a reality across the country through pioneering programs that ensure greater access to care, create community partnerships and participation and advocate for those who are vulnerable. 5,000
Total .................................right arrow 3a 14,802,211
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 561,103 2,500
4 Dividends and interest from securities ....     14 6,301,184  
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 ............ 		      5,514,971 884,933
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME (LOSS) 		    14 250,148  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   12,627,406 887,433
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,514,839
(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.)
3 INTEREST ON STATE AND LOCAL BONDS EXCLUDED FROM TAX BY SECTION 103
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: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOOKKEEPING & ACCOUNTING SERVICES 16,320 0 0 16,320

TY 2023 ContractorCompensationExpln
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Contractor Explanation
GREENWICH MANAGEMENT INVESTMENT CONSULTING
INNER SUNSET LLC SCIENTIFIC MEDICAL ADVISOR FOR GRANTS

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

TY 2023 DepreciationSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
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
LEASEHOLD IMPROVEMENTS 2011-10-01 26,625 20,535 150DB 5.91 % 1,574      
AWE FURNITURE 2016-06-08 5,734 5,477 200DB 4.46 % 257      
LEASEHOLD IMPROVEMENTS 2016-01-05 6,177 3,077 150DB 5.90 % 364      
FURNITURE & FIXTURES 2019-04-24 3,295 2,266 200DB 8.93 % 294      
COMPUTER 2019-10-08 1,050 869 200DB 11.52 % 121      
OFFICE FURNITURE 2020-02-18 777 437 200DB 12.49 % 97      

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Statement:
NOT REQUIRED

TY 2023 InvestmentsLandSchedule2
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land 2,296,477   2,296,477 2,296,477

TY 2023 InvestmentsOtherSchedule2
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
REAL ESTATE RELATED PARTNERSHIPS FMV 100,000 100,000
AMERICAN FUNDS - MUTUAL FUNDS AT COST 253,356,494 294,924,218
SCHWAB - MUTUAL FUNDS AT COST 1,204,131 1,247,661
VANGUARD - MUTUAL FUNDS AT COST 30,218,417 28,560,820

TY 2023 LandEtcSchedule2
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 54,015 53,037 978 978
Machinery and Equipment 20,462 20,403 59 59
Improvements 32,802 25,550 7,252 7,252


TY 2023 LegalFeesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL ADVICE & COUNSEL 41,525 606 0 40,919


TY 2023 OtherAssetsSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSITS 3,203 3,203 3,203


TY 2023 OtherDecreasesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
UNREALIZED LOSS 23,775


TY 2023 OtherExpensesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVERTISING 1,720     1,720
AUTO EXPENSE 86     86
BUS. ENT, MEETINGS & CONV 5,895     5,895
BUSINESS PROMOTION 7,014     7,014
COMPUTER EXPENSE 4,916     4,916
DUES & SUBSCRIPTIONS 44,331     44,331
INSURANCE 9,265     9,265
LICENSE & FEES 6,385 6,276   109
OUTSIDE SERVICES 63,463 1,500   61,963
POSTAGE & DELIVERY 209     209


TY 2023 OtherIncomeSchedule2
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME (LOSS) 250,148    


TY 2023 OtherLiabilitiesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL TAXES PAYABLE 8,620 11,652


TY 2023 OtherProfessionalFeesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISCELLANEOUS PROFESSIONAL FEES 752,946 428,496 0 324,450


TY 2023 TaxesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 159,364 159,364    
PROPERTY TAX 46,433 46,433    
TAX ON INVESTMENT INCOME 150,000