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
Catalyst Foundation
c/o WH Caudill Norton Rose Fulbright
Number and street (or P.O. box number if mail is not delivered to street address)1301 McKinney Street 5100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77010
A Employer identification number

76-0383386
B Telephone number (see instructions)

(713) 651-5151
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$4,166,988J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,823 3,823  
4 Dividends and interest from securities... 127,126 126,525  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -77,275
b Gross sales price for all assets on line 6a 1,513,368
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 53,674 130,348  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 52,000 0   52,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,343 5,171   5,172
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
41,259 41,259   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,435 2,435   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 8,726 0   8,726
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,494 228   4,266
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 119,257 49,093   70,164
25 Contributions, gifts, grants paid....... 181,138 181,138
26 Total expenses and disbursements. Add lines 24 and 25 300,395 49,093   251,302
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -246,721
b Net investment income (if negative, enter -0-) 81,255
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 25,778 13,807 13,807
2 Savings and temporary cash investments......... 136,833 177,072 177,072
3 Accounts receivable right arrow500
Less: allowance for doubtful accounts right arrow     500 500
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) 344,925 0 0
b Investments—corporate stock (attach schedule)....... 3,324,891 Click to see attachment
List of Attached Documents:
// Content
3,396,023 		3,940,712
c Investments—corporate bonds (attach schedule)....... 40,916 Click to see attachment
List of Attached Documents:
// Content
39,220 		34,897
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,873,343 3,626,622 4,166,988
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........ 3,873,343 3,626,622
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 3,873,343 3,626,622
30 Total liabilities and net assets/fund balances (see instructions). 3,873,343 3,626,622
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
3,873,343
2
Enter amount from Part I, line 27a .....................
2
-246,721
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,626,622
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,626,622
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,513,368   1,590,643 -77,275
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -77,275
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 -77,275
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 1,129
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 1,129
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 1,129
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 4,878
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,878
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 3,749
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow3,749 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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 arrowNY, TX
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.catalyst-foundation.org
14
The books are in care ofright arrowBlazek Vetterling Telephone no.right arrow (713) 439-5739

Located atright arrow2900 Weslayan Suite 200HoustonTX ZIP+4right arrow77027
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Ken SuyamaClick to see attachment
List of Attached Documents:
// Content
President
3.00 		30,000 0 0
420 Columbus Avenue Suite 204
Valhalla,NY10595
Yoshihiko Horio Vice Pres.
3.00 		22,000 0 0
420 Columbus Avenue Suite 204
Valhalla,NY10595
William H Caudill Secretary
3.00 		500 0 0
420 Columbus Avenue Suite 204
Valhalla,NY10595
Hatsumi Suyama Treasurer
3.00 		500 0 0
420 Columbus Avenue Suite 204
Valhalla,NY10595
Shigeko Woolfalk Trustee
3.00 		7,243 0 0
420 Columbus Avenue Suite 204
Valhalla,NY10595
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
3,822,423
b
Average of monthly cash balances.......................
1b
205,258
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,027,681
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
4,027,681
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
60,415
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,967,266
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
198,363
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
198,363
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,129
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,129
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
197,234
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
197,234
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
197,234
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
251,302
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
251,302
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 7 197,234
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 60,309
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 60,309
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 251,302
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 197,234
e Remaining amount distributed out of corpus 54,068
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 114,377
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		60,309
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		54,068
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.... 54,068
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:
See website wwwcatalyst-foundationo
c/o Epoch Microelectronics
Valhalla,NY10595
(914) 332-8570
catalysis@catalyst-foundation.org
bThe form in which applications should be submitted and information and materials they should include:
Application on website
cAny submission deadlines:
See website
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
See website
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

Boston University

One Silber Way
Boston,MA02215 		N/A GOV Research grant 101,138

Columbia University

615 West 131st Street MC 8741
New York,NY10027 		N/A PC Research grant 60,000

The University of Texas at Dallas

800 W Campbell Rd
Richardson,TX75080 		N/A GOV Research grant 20,000
Total .................................right arrow 3a 181,138
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 3,823  
4 Dividends and interest from securities ....     14 127,126  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -77,275  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 53,674 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
53,674
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Catalyst Foundation
 
c/o WH Caudill Norton Rose Fulbright
EIN:
76-0383386
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax compliance 3,600 1,800   1,800
Bookkeeping services 6,743 3,371   3,372

TY 2023 CompensationExplanation
Name:
Catalyst Foundation
 
c/o WH Caudill Norton Rose Fulbright
EIN:
76-0383386
Person Name Explanation
Shigeko Woolfalk Trustee fees: $500Accounting services: $6,743

TY 2023 InvestmentsCorpBondsSchedule
Name:
Catalyst Foundation
 
c/o WH Caudill Norton Rose Fulbright
EIN:
76-0383386
Name of Bond End of Year Book Value End of Year Fair Market Value
84 Affiliated Managers Group Inc 4.200% 09/30/61 1,466 1,388
70 Affiliated Managers Group Inc 4.750% 09/30/60 1,678 1,315
83 Affiliated Managers Group Inc 5.875% 03/30/59 2,210 1,879
84 Algonquin Power & Utilities Corp A 6.20% 07/01/79 2,344 2,029
102 American Financial Group Inc 5.125% 12/15/59 2,278 2,224
42 American Financial Group Inc 5.875% 03/30/59 1,149 989
472 AT&T Inc 5.625% 08/01/67 1,159 1,040
43 CMS Energy Corp 5.625% 03/15/78 1,166 1,047
52 DTE Energy Co Cal Deb 81 4.375% 12/01/81 1,322 1,102
43 DTE Energy Co Ser E 5.25% 12/01/77 1,171 1,052
79 DTE Energy Co Ser G 4.375% 10/15/80 1,775 1,588
66 Duke Energy Corp 5.625% 09/15/78 1,695 1,561
134 Entergy Arkansas LLC 4.875% 09/01/66 3,522 2,846
74 Entergy Louisiana LLC 4.875% 09/01/66 1,938 1,572
86 Georgia Power Co 5.0% 10/01/77 2,256 1,931
54 Globe Life Inc 4.25% 06/15/61 1,070 1,007
70 NextEra Energy Capital Holdings Inc 5.65% 03/01/79 1,907 1,715
50 Prudential Financial Inc 4.125% 09/01/60 1,240 968
81 Prudential Financial Inc 5.625% 08/15/58 2,081 2,018
100 Prudential Financial Inc 5.950% 09/01/62 2,484 2,549
38 Reinsurance Group of America, Inc 7.125% 10/15/52 960 986
32 Stifel Financial Corp 5.2% 10/15/47 833 662
59 The Southern Co 5.25% 12/01/77 1,516 1,429

TY 2023 InvestmentsCorpStockSchedule
Name:
Catalyst Foundation
 
c/o WH Caudill Norton Rose Fulbright
EIN:
76-0383386
Name of Stock End of Year Book Value End of Year Fair Market Value
47 AbbVie Inc 6,954 7,209
25 Acuity Brands Inc 4,504 5,162
26 Adobe Inc 7,583 15,512
110 AES Corp 1,597 2,117
28 Agco Corp 3,121 3,399
23 Air Products and Chemicals Inc 3,591 6,237
379 Alight Inc 3,598 3,233
82 Allison Transmission Holdings Inc 3,509 4,790
117 Dep Shs Allstate Corp 5.1% Pfd Ser H 2,969 2,363
233 Dep Shs Allstate Corp 5.1% Pfd Ser H 5,879 4,949
163 Alphabet Inc Class A 2,748 22,769
158 Amazon.com Inc 17,994 24,007
942 Amcor PLC 12,344 9,081
26 Amedisys Inc 2,662 2,472
95 American International Group Inc 5,031 6,444
126 Dep Shs American International Group Inc Pfd 5.85% Ser A 3,289 3,166
109 American Tower Corp 17,934 23,531
58 Ameris Bancorp 2,462 3,077
94 Amkor Technology, Inc. 2,441 3,135
42 AMN Healthcare Services, Inc. 3,953 3,114
279 Apollo Global Management 12,306 26,000
200 Apple Inc 14,314 38,506
92 Applovin Corp 1,391 3,666
133 ArcelorMittal SA 3,801 3,776
217 Dep Shs Arch Capital Group Ltd 4.55% Pfd Ser G 4,330 4,347
131 Dep Shs Arch Capital Group Ltd 5.45% Pfd Ser F 3,362 3,117
17 Arista Networks Inc 3,138 3,995
150 Array Technologies Inc 2,418 2,520
27 Arrow Electronics, Inc. 2,548 3,270
37 Ashland Inc 3,815 3,119
16 ASML Holding NV 11,020 12,074
16 Assurant Inc 2,403 2,696
77 Assured Guaranty Ltd. 3,130 5,762
117 AstraZeneca plc 7,721 7,880
137 Dep Shs AT&T Inc 4.75% Pfd Ser C 3,200 2,708
101 Dep Shs AT&T Inc 5.00% Pfd Ser A 2,318 2,125
30 Atkore Inc 4,093 4,837
64 Automatic Data Processing Inc 2,816 14,910
68 AvalonBay Communities Inc 11,528 12,762
142 Avantor Inc 4,040 3,242
67 Avnet Inc 2,853 3,377
66 AXIS Capital Holdings Ltd 3,521 3,654
245 Bank of America Corp 8,069 8,249
173 Dep Shs Bank of America Corp 4.250% Pfd Ser QQ 3,458 3,227
171 Dep Shs Bank of America Corp 4.375% Pfd Ser NN 3,741 3,321
153 Dep Shs Bank of America Corp 5.000% Pfd Ser LL 3,610 3,293
164 Dep Shs Bank of America Corp 5.375% Pfd Ser KK 4,266 3,787
84 Bank of Montreal 8,868 8,311
330 BCE Inc 17,619 12,995
81 Beacon Roofing Supply Inc 6,496 7,065
116 Becton Dickinson and Co 25,099 28,284
25 Belden Inc 1,161 1,948
74 Bellring Brands Inc 3,172 4,104
70 Berkshire Hathaway Inc Class B 5,722 24,966
56 Berkshire Hills Bancorp Inc 1,579 1,390
597 Bgc Group Inc 3,121 4,310
96 Bloomin' Brands Inc 2,028 2,692
184 Blue Owl Capital Inc 1,930 2,742
392 Bowlero Corp 5,297 5,551
79 Boyd Gaming Corporation 5,155 4,952
57 Brady Corp 3,080 3,319
48 Brinker International, Inc. 2,060 2,092
123 Brinks Co 7,422 10,818
227 British American Tobacco PLC 9,898 6,649
13 Broadcom Inc 2,645 14,198
63 Buckle Inc 2,518 2,994
18 Builders FirstSource, Inc. 2,412 2,947
42 Cactus Inc 2,012 1,907
83 Caleres Inc 1,873 2,551
187 Canadian Imperial Bank of Commerce 10,003 9,002
71 Canadian Pacific Kansas City Ltd 4,867 5,613
197 Dep Shs Capital One Financial Corp 4.8% Pfd Ser J 4,292 3,480
185 Dep Shs Capital One Financial Corp 5.0% Pfd Ser I 4,568 3,409
79 Capital One Financial Corp. 7,401 10,358
9 Carlisle Companies, Inc. 2,116 2,723
119 Cars.com Inc 2,244 2,257
142 Catalyst Pharmaceuticals Inc 1,956 2,387
25 Cboe Global Markets Inc 3,251 4,493
88 ChampionX Corp 890 2,570
104 Dep Shs Charles Schwab Corporation 4.45% Pfd Ser J 2,612 2,062
46 Check Point Software Technologies Ltd. 5,589 7,028
4 Chemed Corp 1,885 2,339
32 Chesapeake Energy Corp 2,130 2,459
28 Chevron Corp 4,264 4,179
77 Ciena Corp 3,942 3,466
176 Cisco Systems Inc 9,300 8,892
47 Dep Shs Citigroup Inc 9.696% Pfd Ser J 2,132 1,192
180 Dep Shs Citizens Financial Group Inc 5.00% Pfd Ser E 4,478 3,602
52 Dep Shs Citizens Financial Group Inc 6.35% Pfd Ser D 1,412 1,265
90 Clearfield Inc 3,784 2,632
30 CME Group Inc 3,859 6,251
55 Dep Shs CMS Energy Corporation 4.2% Pfd Ser C 1,409 1,095
296 Coca-Cola Co 16,715 17,443
134 Coca-Cola Europacific Partners PLC 7,402 8,807
75 Coca-Cola Femsa SAB de CV 4,322 7,098
56 Coherent Corp 1,946 2,448
732 Comcast Corp 25,632 32,098
48 Concentrix Corp 4,412 4,666
298 Corecivic Inc 3,468 4,330
83 Cousins Properties Inc 2,675 2,021
56 Crown Holdings, Inc. 4,633 5,113
26 Curtiss-Wright Corp. 3,443 5,842
55 Dave & Buster's Entertainment Inc 1,912 2,962
72 Diageo plc 12,261 10,494
65 Dep Shs Digital Realty Trust Inc 5.20% Pfd Ser L 1,580 1,434
97 Dep Shs Digital Realty Trust Inc 5.85% Pfd Ser K 2,581 2,393
65 Dime Community Bancshares Inc 1,982 1,750
163 Dnow Inc 1,605 1,845
133 Dropbox Inc 2,772 3,921
97 Dep Shs Duke Energy Corp 5.75% Pfd Ser A 2,660 2,388
211 Dun & Bradstreet Holdings Inc 2,474 2,469
90 East West Bancorp Inc 5,843 6,490
36 Eaton Corporation PLC 5,285 8,781
50 Ecolab Inc 8,848 9,917
276 Ecovyst Inc 2,585 2,697
166 Edison International 11,105 11,867
245 Eldorado Gold Corp 2,333 3,178
23 Emcor Group Inc 1,457 4,905
47 Emerson Electric Co 4,273 4,562
69 Enact Holdings Inc 1,933 2,001
898 Enbridge Inc 35,595 32,346
44 EnerSys 4,230 4,473
79 EQT Corp 2,000 3,060
96 Dep Shs Equitable Holdings Inc 4.30% Pfd Ser C 2,359 1,592
100 Essent Group Ltd 4,092 5,274
9 Essex Property Trust Inc 2,055 2,211
144 Eurofins Scientific SE 683 2,209
29 Evercore Inc 2,550 4,960
13 Everest Group Ltd 3,292 4,597
20 Expedia Group Inc 2,068 3,036
175 Expro Group Holdings NV 3,298 2,786
162 Extreme Networks Inc 2,982 2,858
169 Exxon Mobil Corp 15,728 16,897
37 Federal Agricultural Mortgage Corp Class C 3,744 7,075
14,432 Federated Hermes International Dividend Strategy Portfolio 118,494 134,216
222 Dep Shs Fifth Third Bancorp 4.95% Pfd Ser K 5,658 5,109
200 First Advantage Corp 2,809 3,314
1 First Citizens BancShares Inc (Del) Class A 621 1,951
51 Dep Shs First Horizon Corp 4.70% Pfd Ser F 1,254 888
84 First Merchants Corp 3,254 3,115
56 Firstcash Holdings Inc 5,351 6,050
210 Flex Ltd 3,102 6,397
34 FMC Corp 3,198 2,171
181 Fortis Inc 8,810 7,445
99 Fortrea Holdings Inc 3,304 3,451
167 Freeport-McMoRan Inc 5,677 7,109
114 Frontdoor Inc 3,498 4,015
32 FTI Consulting Inc 5,099 6,374
379 Gannett Co Inc 7,319 5,799
226 Gen Digital Inc 4,981 5,157
176 General Motors Co 7,011 6,322
99 Gilead Sciences, Inc. 7,738 8,007
189 Dep Shs Goldman Sachs Group Inc 6.375% Pfd Ser K 5,331 4,792
87 Granite Construction Inc. 3,398 4,425
166 Graphic Packaging Holding Co 2,499 4,092
326 GSK plc 11,630 12,082
72 Haemonetics Corporation 5,246 6,116
53 Halozyme Therapeutics, Inc. 1,934 1,951
79 Hancock Whitney Corp 4,075 3,839
36 Henry Schein, Inc. 2,836 2,761
205 Heritage Commerce Corp. 2,086 2,034
50 HF Sinclair Corp 2,739 2,778
40 Home Depot Inc 7,743 13,861
71 Honeywell International Inc 4,986 14,889
29 Hub Group Inc 1,975 2,647
311 Huntington Bancshares Inc 3,033 3,956
167 Dep Shs Huntington Bancshares Inc 4.50% Pfd Ser H 3,704 2,959
163 Dep Shs Huntington Bancshares Inc 6.87% Pfd Ser J 3,982 3,861
34 ICON PLC 6,774 9,600
31 Ingredion Inc 2,903 3,329
14 Insight Enterprises, Inc. 551 2,414
218 Intel Corp 7,782 10,954
40 Intercontinental Exchange Inc 4,501 5,114
50 InterDigital Inc 3,075 5,427
126 Interpublic Group of Companies Inc 3,672 4,113
28 Jabil Inc 1,601 3,567
29 Jacobs Solutions Inc 3,633 3,730
67 Jefferies Financial Group Inc 2,113 2,716
175 Johnson & Johnson 18,845 27,429
225 JPMorgan Chase & Co 18,054 38,272
94 Dep Shs JPMorgan Chase & Co 4.200% Pfd Ser MM 1,797 1,785
157 Dep Shs JPMorgan Chase & Co 4.625% Pfd Ser LL 3,404 3,273
82 Dep Shs JPMorgan Chase & Co 4.750% Pfd Ser GG 2,050 1,750
71 Dep Shs JPMorgan Chase & Co 5.750% Pfd Ser DD 1,812 1,773
82 Dep Shs JPMorgan Chase & Co 6.000% Pfd Ser EE 2,122 2,072
95 Juniper Networks, Inc. 3,036 2,801
17,984 K2 Alternative Strategies Fund Advisor Class 201,244 197,641
117 Dep Shs KeyCorp 5.625% Pfd Ser G 2,950 2,397
100 Dep Shs KeyCorp 5.650% Pfd Ser F 2,286 1,998
183 Dep Shs KeyCorp 6.125% Pfd Ser E 5,539 3,989
108 Dep Shs KeyCorp 6.200% Pfd Ser H 2,631 2,355
288 Kinder Morgan Inc 3,624 5,080
359 Kosmos Energy Ltd 1,578 2,409
29 Lamar Advertising Co 2,278 3,039
30 Lamb Weston Holdings Inc 3,027 3,291
7 Landstar System, Inc. 1,074 1,356
58 Lantheus Holdings Inc 3,806 3,599
493 Laureate Education Inc 5,538 6,759
28 LCI Industries 2,810 3,553
368 LegalZoom.com Inc 4,007 4,158
221 Leonardo DRS Inc 2,890 4,429
47 Linde PLC 9,994 19,205
25 Lithia Motors Inc 6,311 8,106
24 Live Nation Entertainment Inc 1,684 2,246
32 LKQ Corp 1,705 1,529
26,946 Lord Abbett Bond Debenture Fund Class I 189,699 189,699
32,097 Lord Abbett High Yield Fund Class I 240,463 203,818
14 LPL Financial Holdings Inc 1,465 3,191
66 Dep Shs M&T Bank Corp Floating Rate Pfd Ser H 1,776 1,628
37 Masonite International 3,501 3,162
16 Mastercard Inc 5,024 6,934
59 Match Group Inc 2,277 2,167
260 Merck & Co Inc 16,347 28,345
28 Meta Platforms Inc 6,457 9,992
45 Methanex Corp 1,979 2,136
149 Metlife Inc 7,858 9,853
199 Dep Shs Metlife Inc 4.75% Pfd Ser F 5,020 4,087
63 MGM Resorts International 2,774 2,815
231 Microsoft Corp 27,081 86,865
15 Middleby Corp 2,017 2,169
9 Molina Healthcare Inc 1,109 3,379
32 Molson Coors Beverage Co Class B 1,895 1,960
340 Mondelez International Inc 16,150 24,626
91 Dep Shs Morgan Stanley 4.250% Pfd Ser O 1,920 1,726
98 Dep Shs Morgan Stanley 4.875% Pfd Ser L 2,460 2,191
178 Dep Shs Morgan Stanley 5.850% Pfd Ser K 5,062 4,276
40 Dep Shs Morgan Stanley 6.500% Pfd Ser P 1,048 1,043
122 Dep Shs Morgan Stanley 6.875% Pfd Ser F 3,506 3,053
262 Dep Shs Morgan Stanley 7.125% Pfd Ser E 7,636 6,567
205 National Grid plc 14,702 13,938
61 NCR Atleos Corp 1,117 1,482
122 NCR Voyix Corp 1,745 2,063
120 Nestle SA - ADR 13,025 13,903
39 NetApp Inc 2,686 3,438
18 Netflix Inc 6,839 8,800
56 New Jersey Resources Corp 2,489 2,493
57 Dep Shs New York Community Bancorp Inc 6.375% Pfd Ser A 1,677 1,291
38 Nexstar Media Group Inc 5,481 5,904
156 NextEra Energy Inc 9,490 9,475
94 NiSource Inc 2,464 2,486
93 Noble Corporation PLC 3,928 4,458
143 Nomad Foods Ltd 2,322 2,424
80 Dep Shs Northern Trust Corp 4.70% Pfd Ser E 2,010 1,698
19 Northrop Grumman Corp 6,151 8,895
146 Novartis AG 12,508 14,742
237 Old National Bancorp 3,494 4,003
201 Oracle Corp 10,723 21,191
121 Par Pacific Holdings Inc 2,083 4,401
147 Patterson-UTI Energy, Inc. 1,324 1,588
64 Peapack-Gladstone Financial Corp 2,210 1,908
220 Pediatrix Medical Group Inc 2,070 2,046
38 Pegasystems Inc. 1,984 1,846
183 Pembina Pipeline Corp 5,964 6,299
37 PennyMac Financial Services Inc 2,981 3,286
80 PepsiCo Inc 5,175 13,509
39 Performance Food Group Co 2,410 2,723
66 Perrigo Company PLC 2,049 2,134
315 Pfizer Inc 8,099 9,069
158 Philip Morris International Inc. 17,082 14,865
31 Pinnacle West Capital Corporation 2,435 2,227
94 Pioneer Natural Resources Company 14,830 21,029
54 PNC Financial Services Group Inc 8,276 8,362
38 Portland General Electric Company 1,912 1,647
202 PPG Industries, Inc. 15,752 30,209
37 Preferred Bank 2,514 2,696
20,598 Principal Capital Securities Fund Class S 190,540 183,323
164 Procter & Gamble Co 14,974 24,033
58 Progressive Corp 7,086 9,181
225 Propetro Holding Corp 2,335 1,886
32 Public Storage 8,770 9,820
172 Dep Shs Public Storage 3.900% Pfd Ser O 3,068 2,983
123 Dep Shs Public Storage 4.875% Pfd Ser I 3,108 2,760
72 Dep Shs Public Storage 5.150% Pfd Ser F 1,928 1,714
41 Dep Shs Public Storage 5.600% Pfd Ser H 1,149 1,025
31 Qorvo Inc 3,025 3,459
26 Quidelortho Corp 2,489 1,916
20 Ralph Lauren Corp 2,326 2,895
73 Range Resources Corp 2,424 2,214
56 Dep Shs Regions Financial Corp 4.45% Pfd Ser E 1,387 975
104 Dep Shs Regions Financial Corp 5.700% Pfd Ser C 2,813 2,235
111 Dep Shs Regions Financial Corp 6.375% Pfd Ser B 3,206 2,557
19 Renaissancere Holdings Ltd 2,835 3,733
56 Dep Shs Renaissancere Holdings Ltd 4.20% Pfd Ser G 1,369 968
44 Dep Shs Renaissancere Holdings Ltd 5.75% Pfd Ser F 1,204 1,054
294 Roche Holdings AG Basel ADR 10,872 10,652
74 Royal Bank of Canada 7,365 7,484
245 RTX Corp 7,991 20,614
330 Sanofi SA 17,928 16,411
77 SAP SE 7,373 11,843
47 Science Applications International Corp 3,701 5,832
247 Select Water Solutions Inc 1,965 1,875
286 Sempra 19,844 21,373
66 Sensata Technologies Holding PLC 2,474 2,494
44 Sharkninja Inc 1,910 2,242
135 Shell PLC 8,662 8,883
18 Sherwin-Williams Co 4,875 5,716
61 Simply Good Foods Co 2,337 2,426
261 SK Telecom Co Ltd 6,230 5,585
16 Skyworks Solutions Inc 1,776 1,799
625 SLM Corp 9,300 11,950
61 SouthState Corp 4,806 5,151
43 Dep Shs Spire Inc 5.9% Pfd Ser A 1,175 1,064
42 SS&C Technologies Holdings Inc 2,565 2,567
144 Dep Shs State Street Corp 5.35% Pfd Ser G 4,035 3,452
86 Dep Shs State Street Corp 5.90% Pfd Ser D 2,298 2,155
156 Steven Madden Ltd 5,088 6,552
42 Dep Shs Stifel Financial Corp 6.125% Pfd Ser C 1,079 1,046
34 Stride Inc 914 2,037
27 Stryker Corp 5,757 7,981
642 Takeda Pharmaceutical Co Ltd 9,889 9,161
317 TC Energy Corp 17,539 12,392
73 TD Synnex Corp 6,272 7,856
674 Telefonica Brasil SA 5,680 7,374
309 Telus Corp 6,613 5,497
109 Tempur Sealy International Inc 2,676 5,556
32 Texas Instruments Inc 3,153 5,455
59 Textron Inc 3,541 4,776
69 Dep Shs The Hartford Financial Services Group Inc 6.0% Pfd Ser G 1,835 1,737
19 Thermo Fisher Scientific Inc 10,553 10,345
19 Thor Industries Inc 2,021 2,194
34 Tidewater Inc 2,345 2,462
231 TJX Companies Inc 6,680 21,670
97 T-Mobile Us Inc 13,020 15,615
165 Topgolf Callaway Brands Corp 3,458 2,366
237 TotalEnergies SE 13,976 15,969
202 Travelers Companies Inc 15,693 38,479
21 TriNet Group Inc 2,328 2,498
282 Dep Shs Truist Financial Corp 4.75% Pfd Ser R 5,869 5,723
139 Dep Shs Truist Financial Corp 5.25% Pfd Ser O 3,453 3,119
148 Unilever plc 6,888 7,175
70 Union Pacific Corp 13,125 17,134
116 United Parcel Service, Inc. 12,433 18,239
54 UnitedHealth Group Inc 15,525 28,429
17 Universal Health Services, Inc. 1,983 2,591
229 US Bancorp 10,798 9,911
155 Dep Shs US Bancorp 3.75% Pfd Ser L 3,725 2,597
287 Dep Shs US Bancorp 4.00% Pfd Ser M 5,493 5,073
114 Dep Shs US Bancorp 5.50% Pfd Ser K 2,744 2,674
35 Dep Shs US Bancorp 6.17% Pfd Ser B 784 721
120 US Foods Holding Corp 4,166 5,449
170 US Silica Holdings Inc 1,948 1,923
13 Valmont Industries, Inc. 3,214 2,962
210 Vector Group Ltd 2,434 2,369
171 Viper Energy Inc 4,372 5,366
132 Visa Inc 12,748 34,366
271 Vivid Seats Inc 1,959 1,713
72 Voya Financial Inc 4,534 5,253
104 Dep Shs Voya Financial Inc 5.35% Pfd Ser B 2,868 2,434
108 Vulcan Materials Company 16,154 24,517
32 W.R. Berkley Corp 2,186 2,263
28 Walker & Dunlop, Inc. 1,810 3,153
141 Walmart Inc 8,065 22,229
117 Walt Disney Co 11,398 10,564
165 Waste Management, Inc. 12,850 29,552
57 Weatherford International plc 3,247 5,603
42 Webster Financial Corporation 2,110 2,132
32 Dep Shs Webster Financial Corporation 5.25% Pfd Ser B 861 599
66 Dep Shs Wells Fargo & Co 4.375% Pfd Ser CC 1,240 1,209
230 Dep Shs Wells Fargo & Co 4.750% Pfd Ser Z 4,534 4,557
73 Dep Shs Wells Fargo & Co 5.625% Pfd Ser Y 1,933 1,739
206 Dep Shs Wells Fargo & Co 6.625% Pfd Ser R 5,950 5,175
57 WESCO International, Inc. 4,142 9,996
111 Western Alliance Bancorporation 4,791 7,303
52,708 Western Asset Corporate Bond Fund Class I 568,716 568,189
13 WEX Inc 2,229 2,529
2 White Mountains Insurance Group Ltd 2,293 2,510
583 Williams Companies Inc 13,465 20,306
57 Wintrust Financial Corp 4,789 5,256
94 World Kinect Corporation 2,243 2,141
238 Zurich Insurance Group AG 10,988 12,431

TY 2023 OtherExpensesSchedule
Name:
Catalyst Foundation
 
c/o WH Caudill Norton Rose Fulbright
EIN:
76-0383386
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bank charges 228 228   0
Honorarium 1,500 0   1,500
Information technology 348 0   348
Insurance 2,168 0   2,168
State filing fee 250 0   250


TY 2023 OtherProfessionalFeesSchedule
Name:
Catalyst Foundation
 
c/o WH Caudill Norton Rose Fulbright
EIN:
76-0383386
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment management fees 41,259 41,259   0


TY 2023 TaxesSchedule
Name:
Catalyst Foundation
 
c/o WH Caudill Norton Rose Fulbright
EIN:
76-0383386
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign tax 2,435 2,435   0