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 04-01-2023 , and ending 03-31-2024
Name of foundation
ESTHER H LUDWIG SCHOLARSHIPS
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

25-6884372
B Telephone number (see instructions)

(888) 730-4933
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$35,449,346J 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      
4 Dividends and interest from securities... 749,454 749,454  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -621,643
b Gross sales price for all assets on line 6a 1,915,267
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
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
8,020 8,020  
12 Total. Add lines 1 through 11........ 135,831 757,474  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 181,232 135,924   45,308
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,021 0 0 1,021
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
114,080 8,457   105,623
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
17,305 9,005   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,236 236   4,000
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 317,874 153,622 0 155,952
25 Contributions, gifts, grants paid....... 1,508,900 1,508,900
26 Total expenses and disbursements. Add lines 24 and 25 1,826,774 153,622 0 1,664,852
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,690,943
b Net investment income (if negative, enter -0-) 603,852
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,368,890 1,143,386 1,143,386
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,005,646 Click to see attachment
List of Attached Documents:
// Content
1,139,617 		2,616,990
c Investments—corporate bonds (attach schedule)....... 3,669,900 Click to see attachment
List of Attached Documents:
// Content
3,642,510 		3,399,872
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).......... 20,494,246 Click to see attachment
List of Attached Documents:
// Content
19,080,954 		28,289,098
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,538,682 25,006,467 35,449,346
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
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........ 26,538,682 25,006,467
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)..... 26,538,682 25,006,467
30 Total liabilities and net assets/fund balances (see instructions). 26,538,682 25,006,467
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
26,538,682
2
Enter amount from Part I, line 27a .....................
2
-1,690,943
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
161,149
4
Add lines 1, 2, and 3 ..........................
4
25,008,888
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,421
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,006,467
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 25000. NATIONAL AUSTRALIA 2.875% 4/12/23   2019-01-17 2023-04-12
b 213.62 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2023-04-15
c 3.39 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-04-15
d 1.18 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-04-15
e 10.86 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-04-25
26.42 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-04-25
11.22 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-04-25
14.33 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-04-25
11.19 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-04-25
12.03 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-04-25
7.37 FHLMC POOL #ZS5644 4.500% 7/01/23   2008-12-22 2023-04-25
55.26 FNMA POOL 257550 5.000% 1/01/24   2009-01-06 2023-04-25
12.06 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-04-25
25.14 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-04-25
83.82 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-04-25
13.57 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-04-25
509.75 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-04-25
8.53 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-04-25
18.58 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-04-25
1.94 FNMA POOL 982892 4.500% 5/01/23   2009-05-20 2023-04-25
1.39 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-04-25
18.37 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-04-25
13.83 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-04-25
46.75 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-04-25
279.72 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2023-05-15
3.41 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-05-15
1.18 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-05-15
2846. ISHARES RUSSELL 2000 ETF   2020-09-25 2023-05-22
237. ALTRIA GROUP INC   2009-06-04 2023-05-23
146. MICROSOFT CORP   2016-01-27 2023-05-23
13.43 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-05-25
93.52 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-05-25
18.22 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-05-25
14.6 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-05-25
11.67 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-05-25
7.45 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-05-25
5.3 FHLMC POOL #ZS5644 4.500% 7/01/23   2008-12-22 2023-05-25
34.92 FNMA POOL 257550 5.000% 1/01/24   2009-01-06 2023-05-25
12.38 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-05-25
23.37 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-05-25
105.77 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-05-25
14.2 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-05-25
404.39 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-05-25
11.09 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-05-25
18.68 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-05-25
1.01 FNMA POOL 982892 4.500% 5/01/23   2009-05-20 2023-05-25
.84 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-05-25
75.61 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-05-25
58.29 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-05-25
39.97 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-05-25
15000. US TREASURY NOTE 0.125% 7/31/23   2021-08-24 2023-05-25
25000. US TREASURY NOTE 0.250% 5/15/24   2022-10-31 2023-06-07
25000. US TREASURY NOTE 0.250% 5/15/24   2021-05-20 2023-06-07
25000. US TREASURY NOTE 0.125% 7/31/23   2021-08-24 2023-06-07
40000. MCKESSON CORP 3.796% 3/15/24   2019-09-09 2023-06-13
280.85 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2023-06-15
3.43 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-06-15
1.19 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-06-15
12.46 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-06-25
25.74 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-06-25
29.55 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-06-25
14.46 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-06-25
11.35 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-06-25
7.9 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-06-25
.52 FHLMC POOL #ZS5644 4.500% 7/01/23   2008-12-22 2023-06-25
50.13 FNMA POOL 257550 5.000% 1/01/24   2009-01-06 2023-06-25
166.08 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-06-25
26.88 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-06-25
53.14 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-06-25
14.05 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-06-25
271.11 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-06-25
8.54 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-06-25
18.79 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-06-25
1.35 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-06-25
18.78 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-06-25
35.28 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-06-25
39.11 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-06-25
369.92 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2023-07-15
3.44 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-07-15
1.19 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-07-15
10.41 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-07-25
26.15 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-07-25
9.41 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-07-25
14.55 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-07-25
14.16 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-07-25
9.03 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-07-25
32.51 FNMA POOL 257550 5.000% 1/01/24   2009-01-06 2023-07-25
11.98 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-07-25
239.87 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-07-25
53.39 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-07-25
13.47 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-07-25
470.84 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-07-25
8.6 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-07-25
18.9 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-07-25
1.4 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-07-25
18.86 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-07-25
36.21 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-07-25
38.76 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-07-25
14000. VERIZON COMMUNICATIO 2.550% 3/21/31   2021-06-22 2023-08-07
210.78 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2023-08-15
3.46 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-08-15
1.2 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-08-15
82. BROADRIDGE FINANCIAL SOLUTIONS   2023-02-06 2023-08-16
263. EXXON MOBIL CORPORATION   2022-05-12 2023-08-16
56. PHILIP MORRIS INTERNATIONAL IN   2023-02-06 2023-08-16
95. PHILIP MORRIS INTERNATIONAL IN   2007-02-09 2023-08-16
11.01 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-08-25
126.95 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-08-25
9.2 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-08-25
14.59 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-08-25
12.74 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-08-25
9.97 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-08-25
32.66 FNMA POOL 257550 5.000% 1/01/24   2009-01-06 2023-08-25
12.02 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-08-25
22.54 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-08-25
34.68 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-08-25
14.17 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-08-25
295.94 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-08-25
8.64 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-08-25
19.01 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-08-25
1.41 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-08-25
18.94 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-08-25
13.73 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-08-25
37.72 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-08-25
184.59 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2023-09-15
3.48 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-09-15
1.2 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-09-15
11.07 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-09-25
89.79 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-09-25
40.19 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-09-25
14.72 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-09-25
35.04 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-09-25
5.95 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-09-25
32.82 FNMA POOL 257550 5.000% 1/01/24   2009-01-06 2023-09-25
12.07 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-09-25
22.59 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-09-25
41.67 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-09-25
13.93 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-09-25
408.12 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-09-25
8.68 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-09-25
19.12 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-09-25
1.93 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-09-25
19.02 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-09-25
39.52 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-09-25
61.43 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-09-25
20000. US TREASURY NOTE 2.375% 8/15/24   2014-09-03 2023-09-26
35000. US TREASURY NOTE 0.250% 5/15/24   2022-10-31 2023-09-26
45000. CUMMINS INC 3.650% 10/01/23   2018-06-08 2023-10-01
324.79 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2023-10-15
3.49 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-10-15
1.21 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-10-15
96. AIR PRODS & CHEMS INC COM   2020-03-06 2023-10-16
96. COCA COLA CO   2007-02-09 2023-10-16
111. EXXON MOBIL CORPORATION   2022-05-12 2023-10-16
160. JPMORGAN CHASE & CO   2009-01-13 2023-10-16
2. NESTLE S.A. REGISTERED SHARES - ADR   2007-02-09 2023-10-16
10.58 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-10-25
25.33 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-10-25
9.46 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-10-25
14.73 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-10-25
28.17 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-10-25
9.28 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-10-25
31.98 FNMA POOL 257550 5.000% 1/01/24   2009-01-06 2023-10-25
12.12 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-10-25
240.52 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-10-25
42.22 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-10-25
889.34 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-10-25
345.4 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-10-25
8.73 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-10-25
19.22 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-10-25
1.43 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-10-25
17.68 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-10-25
14.5 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-10-25
37.13 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-10-25
25000. US TREASURY NOTE 2.375% 8/15/24   2014-09-03 2023-11-02
171.28 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2023-11-15
3.51 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-11-15
1.22 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-11-15
40000. AMERICAN INTL GROUP 2.500% 6/30/25   2023-10-04 2023-11-20
40000. GOLDMAN SACHS GROUP 3.850% 7/08/24   2018-04-03 2023-11-20
50000. US TREASURY NOTE 0.625% 5/15/30   2020-07-14 2023-11-20
502.53 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-11-25
23.98 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-11-25
8.86 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-11-25
14.43 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-11-25
14.6 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-11-25
10.65 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-11-25
28.22 FNMA POOL 257550 5.000% 1/01/24   2009-01-06 2023-11-25
12.17 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-11-25
22.61 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-11-25
35.76 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-11-25
9.92 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-11-25
262.9 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-11-25
8.77 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-11-25
19.34 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-11-25
1.43 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-11-25
20.1 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-11-25
13.52 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-11-25
38.09 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-11-25
50000. BLACK HILLS CORP 4.250% 11/30/23   2014-02-27 2023-11-30
25000. US TREASURY NOTE 2.750% 8/15/32   2023-02-08 2023-12-04
10538. SPDR DJ WILSHIRE INTERNATIONAL R ETF   2014-08-14 2023-12-12
240.51 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2023-12-15
3.53 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-12-15
1.22 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-12-15
8.42 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-12-25
24.59 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-12-25
8.93 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-12-25
332.7 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-12-25
21. FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-12-25
5.37 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-12-25
20.52 FNMA POOL 257550 5.000% 1/01/24   2009-01-06 2023-12-25
12.22 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-12-25
21.92 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-12-25
37.63 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-12-25
9.98 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-12-25
300.16 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-12-25
8.81 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-12-25
19.45 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-12-25
1.13 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-12-25
19.01 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-12-25
59.56 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-12-25
36.08 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-12-25
8.47 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2023-12-31
25.86 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2023-12-31
9.3 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2023-12-31
12.59 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2023-12-31
22.29 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2023-12-31
10.1 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2023-12-31
14.03 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2023-12-31
22.03 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2023-12-31
29.22 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2023-12-31
10.05 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2023-12-31
420.27 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2023-12-31
8.84 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2023-12-31
19.56 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2023-12-31
1.42 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2023-12-31
75.07 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2023-12-31
44.47 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2023-12-31
34.07 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2023-12-31
3.55 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2023-12-31
1.23 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2023-12-31
30000. US TREASURY NOTE 3.125% 11/15/28   2019-03-09 2024-01-09
98. ABBOTT LABS   2020-03-10 2024-01-10
28. AIR PRODS & CHEMS INC COM   2020-03-06 2024-01-10
55. CHEVRON CORP   2022-02-22 2024-01-10
246. COCA COLA CO   2007-02-09 2024-01-10
196. COMCAST CORP CLASS A   2023-10-16 2024-01-10
40. NESTLE S.A. REGISTERED SHARES - ADR   2007-02-09 2024-01-10
47. PEPSICO INC   2020-03-10 2024-01-10
176.86 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2024-01-15
40000. FIFTH THIRD BANCORP 3.650% 1/25/24   2020-10-29 2024-01-25
50000. BANK OF MONTREAL 3.300% 2/05/24   2019-02-13 2024-02-05
137. ESTEE LAUDER COMPANIES INC   2008-02-20 2024-02-14
367. PHILIP MORRIS INTERNATIONAL IN   2007-02-09 2024-02-14
30000. ENTERPRISE PRODUCTS 3.900% 2/15/24   2014-02-27 2024-02-15
168.27 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2024-02-15
3.57 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2024-02-15
1.24 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2024-02-15
25000. US TREASURY NOTE 3.375% 5/15/33   2023-06-07 2024-02-15
47. CHEVRON CORP   2022-02-22 2024-02-22
32. COMCAST CORP CLASS A   2023-10-16 2024-02-22
39. COMCAST CORP CLASS A   2018-02-01 2024-02-22
37. RTX CORP   2022-10-19 2024-02-22
8.51 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2024-02-25
25.32 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2024-02-25
9.01 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2024-02-25
12.84 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2024-02-25
25.43 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2024-02-25
6.98 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2024-02-25
16.9 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2024-02-25
21.48 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2024-02-25
24.36 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2024-02-25
10.08 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2024-02-25
236.95 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2024-02-25
8.9 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2024-02-25
19.67 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2024-02-25
1.02 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2024-02-25
21.45 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2024-02-25
19.9 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2024-02-25
33.88 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2024-02-25
178.15 FED HOME LN MTG CORP 2.500% 11/15/32   2013-07-23 2024-03-15
3.58 GNMA POOL 690850 5.500% 5/15/38   2008-12-23 2024-03-15
1.24 GNMA POOL 707098 5.500% 1/15/39   2009-03-03 2024-03-15
8.69 FHLMC POOL #ZI5305 5.500% 10/01/36   2008-12-18 2024-03-25
71.8 FHLMC POOL #ZL2636 3.500% 2/01/42   2012-04-26 2024-03-25
9.04 FHLMC POOL #ZA2077 5.000% 7/01/28   2008-12-30 2024-03-25
12.71 FHLMC POOL #ZS4236 5.000% 4/01/36   2008-12-30 2024-03-25
53.76 FHLMC POOL #ZS4213 5.500% 11/01/35   2009-01-07 2024-03-25
6.92 FHLMC POOL #ZS4368 4.500% 2/01/39   2009-03-04 2024-03-25
11.2 FNMA POOL AH8423 4.500% 4/01/41   2011-05-25 2024-03-25
204.66 FNMA POOL 796185 5.500% 11/01/34   2008-12-23 2024-03-25
31.4 FNMA POOL 835760 4.500% 9/01/35   2012-01-31 2024-03-25
9.8 FNMA POOL 839064 6.000% 1/01/36   2008-12-22 2024-03-25
269.17 FNMA POOL #BM1228 3.000% 5/01/32   2020-04-16 2024-03-25
10.51 FNMA POOL 929825 5.500% 8/01/38   2010-05-04 2024-03-25
19.78 FNMA POOL 975814 6.500% 4/01/38   2009-01-05 2024-03-25
.97 FNMA POOL AA0834 5.000% 1/01/39   2008-12-18 2024-03-25
18.33 FNMA POOL AA8449 4.500% 6/01/39   2009-11-06 2024-03-25
13.31 FNMA POOL AB1501 4.000% 9/01/40   2010-09-20 2024-03-25
32.22 FNMA POOL AC8868 4.500% 12/01/24   2010-10-25 2024-03-25
6366.241 CORBIN MULTI STRATEGY FUND LLC   1950-01-01 2024-03-31
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 25,000   24,412 588
b 214   212 2
c 3   3  
d 1   1  
e 11   11  
26   27 -1
11   11  
14   15 -1
11   12 -1
12   12  
7   8 -1
55   57 -2
12   13 -1
25   26 -1
84   90 -6
14   14  
510   540 -30
9   9  
19   19  
2   2  
1   1  
18   19 -1
14   14  
47   50 -3
280   278 2
3   4 -1
1   1  
507,542   501,885 5,657
10,683   4,062 6,621
46,154   8,740 37,414
13   14 -1
94   97 -3
18   19 -1
15   15  
12   12  
7   7  
5   5  
35   36 -1
12   13 -1
23   24 -1
106   113 -7
14   15 -1
404   429 -25
11   12 -1
19   19  
1   1  
1   1  
76   77 -1
58   60 -2
40   42 -2
14,859   14,970 -111
23,872   23,872  
23,872   24,941 -1,069
24,817   24,950 -133
39,498   42,024 -2,526
281   279 2
3   4 -1
1   1  
12   13 -1
26   27 -1
30   30  
14   15 -1
11   12 -1
8   8  
1   1  
50   52 -2
166   172 -6
27   28 -1
53   57 -4
14   14  
271   287 -16
9   9  
19   20 -1
1   1  
19   19  
35   36 -1
39   41 -2
370   367 3
3   4 -1
1   1  
10   11 -1
26   27 -1
9   10 -1
15   15  
14   15 -1
9   9  
33   34 -1
12   12  
240   245 -5
53   57 -4
13   14 -1
471   499 -28
9   9  
19   20 -1
1   1  
19   19  
36   37 -1
39   41 -2
11,594   14,297 -2,703
211   209 2
3   4 -1
1   1  
14,784   12,367 2,417
28,514   22,565 5,949
5,290   5,710 -420
8,973   4,285 4,688
11   11  
127   131 -4
9   9  
15   15  
13   13  
10   10  
33   34 -1
12   12  
23   23  
35   37 -2
14   15 -1
296   314 -18
9   9  
19   20 -1
1   1  
19   19  
14   14  
38   40 -2
185   183 2
3   4 -1
1   1  
11   11  
90   93 -3
40   41 -1
15   15  
35   36 -1
6   6  
33   34 -1
12   13 -1
23   23  
42   45 -3
14   14  
408   433 -25
9   9  
19   20 -1
2   2  
19   19  
40   41 -1
61   65 -4
19,466   19,933 -467
33,872   32,735 1,137
45,000   45,583 -583
325   322 3
3   4 -1
1   1  
27,727   24,290 3,437
5,118   2,302 2,816
12,181   9,523 2,658
23,736   4,176 19,560
227   75 152
11   11  
25   26 -1
9   10 -1
15   15  
28   29 -1
9   9  
32   33 -1
12   13 -1
241   246 -5
42   45 -3
889   915 -26
345   366 -21
9   9  
19   20 -1
1   1  
18   18  
15   15  
37   39 -2
24,417   24,916 -499
171   170 1
4   4  
1   1  
38,253   37,712 541
39,469   40,237 -768
39,305   50,154 -10,849
503   515 -12
24   25 -1
9   9  
14   15 -1
15   15  
11   11  
28   29 -1
12   13 -1
23   23  
36   38 -2
10   10  
263   279 -16
9   9  
19   20 -1
1   1  
20   20  
14   14  
38   40 -2
50,000   51,988 -1,988
22,170   23,220 -1,050
269,514   470,062 -200,548
241   239 2
4   4  
1   1  
8   9 -1
25   25  
9   9  
333   338 -5
21   22 -1
5   5  
21   21  
12   13 -1
22   22  
38   40 -2
10   10  
300   318 -18
9   9  
19   20 -1
1   1  
19   19  
60   61 -1
36   38 -2
8   9 -1
26   27 -1
9   9  
13   13  
22   23 -1
10   10  
14   15 -1
22   23 -1
29   31 -2
10   10  
420   445 -25
9   9  
20   20  
1   1  
75   76 -1
44   46 -2
34   36 -2
4   4  
1   1  
28,842   31,746 -2,904
11,146   9,239 1,907
7,451   6,460 991
7,942   7,207 735
14,799   5,898 8,901
8,479   8,609 -130
4,607   1,503 3,104
7,815   6,257 1,558
177   176 1
40,000   43,629 -3,629
50,000   49,712 288
19,547   2,885 16,662
32,659   14,671 17,988
30,000   30,215 -215
168   167 1
4   4  
1   1  
23,395   24,142 -747
7,316   6,159 1,157
1,339   1,406 -67
1,632   1,653 -21
3,301   3,249 52
9   9  
25   26 -1
9   9  
13   13  
25   26 -1
7   7  
17   18 -1
21   22 -1
24   26 -2
10   10  
237   251 -14
9   9  
20   21 -1
1   1  
21   22 -1
20   20  
34   36 -2
178   177 1
4   4  
1   1  
9   9  
72   74 -2
9   9  
13   13  
54   56 -2
7   7  
11   12 -1
205   209 -4
31   34 -3
10   10  
269   285 -16
11   11  
20   21 -1
1   1  
18   19 -1
13   14 -1
32   34 -2
103,090   700,000 -596,910
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
      62,063
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       588
b       2
c        
d        
e        
      -1
       
      -1
      -1
       
      -1
      -2
      -1
      -1
      -6
       
      -30
       
       
       
       
      -1
       
      -3
      2
      -1
       
      5,657
      6,621
      37,414
      -1
      -3
      -1
       
       
       
       
      -1
      -1
      -1
      -7
      -1
      -25
      -1
       
       
       
      -1
      -2
      -2
      -111
       
      -1,069
      -133
      -2,526
      2
      -1
       
      -1
      -1
       
      -1
      -1
       
       
      -2
      -6
      -1
      -4
       
      -16
       
      -1
       
       
      -1
      -2
      3
      -1
       
      -1
      -1
      -1
       
      -1
       
      -1
       
      -5
      -4
      -1
      -28
       
      -1
       
       
      -1
      -2
      -2,703
      2
      -1
       
      2,417
      5,949
      -420
      4,688
       
      -4
       
       
       
       
      -1
       
       
      -2
      -1
      -18
       
      -1
       
       
       
      -2
      2
      -1
       
       
      -3
      -1
       
      -1
       
      -1
      -1
       
      -3
       
      -25
       
      -1
       
       
      -1
      -4
      -467
      1,137
      -583
      3
      -1
       
      3,437
      2,816
      2,658
      19,560
      152
       
      -1
      -1
       
      -1
       
      -1
      -1
      -5
      -3
      -26
      -21
       
      -1
       
       
       
      -2
      -499
      1
       
       
      541
      -768
      -10,849
      -12
      -1
       
      -1
       
       
      -1
      -1
       
      -2
       
      -16
       
      -1
       
       
       
      -2
      -1,988
      -1,050
      -200,548
      2
       
       
      -1
       
       
      -5
      -1
       
       
      -1
       
      -2
       
      -18
       
      -1
       
       
      -1
      -2
      -1
      -1
       
       
      -1
       
      -1
      -1
      -2
       
      -25
       
       
       
      -1
      -2
      -2
       
       
      -2,904
      1,907
      991
      735
      8,901
      -130
      3,104
      1,558
      1
      -3,629
      288
      16,662
      17,988
      -215
      1
       
       
      -747
      1,157
      -67
      -21
      52
       
      -1
       
       
      -1
       
      -1
      -1
      -2
       
      -14
       
      -1
       
      -1
       
      -2
      1
       
       
       
      -2
       
       
      -2
       
      -1
      -4
      -3
       
      -16
       
      -1
       
      -1
      -1
      -2
      -596,910
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 -621,643
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 8,394
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 8,394
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 8,394
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,740
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,740
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 346
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow346 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$   (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 arrowPA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowWELLS FARGO BANK NA Telephone no.right arrow (800) 352-3705

Located atright arrow100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+4right arrow27101
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)
Yes
 
(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
 
No
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
WELLS FARGO BANK N A TRUSTEE
1 		181,232    
100 N MAIN ST FL 5 D4001-052
WINSTONSALEM,NC27101
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 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
31,305,975
b
Average of monthly cash balances.......................
1b
908,577
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
32,214,552
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
32,214,552
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
483,218
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
31,731,334
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,586,567
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,586,567
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
8,394
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,394
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,578,173
4
Recoveries of amounts treated as qualifying distributions................
4
160,721
5
Add lines 3 and 4............................
5
1,738,894
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,738,894
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,664,852
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,664,852
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,738,894
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 635,141
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,664,852
a Applied to 2022, but not more than line 2a 635,141
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 1,029,711
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		709,183
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
WELLS FARGO PHILANTHROPIC SERVICES
1 W 4TH ST 4T FLOOR
WINSTON SALEM,NC27101
(888) 730-4933
N/A
bThe form in which applications should be submitted and information and materials they should include:
NO SPECIFIC FORMS NECESSARY. SEE OTHER RESTRICTIONS.
cAny submission deadlines:
DEADLINE IS JANUARY 8 ANNUALLY RECIPIENTS MAY ATTEND ANY ACCREDITED COLLEGE, UNIV, SEMINARY. ONLINE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
APPLICANTS MUST RESIDE WITHIN THE TAX BOUNDARIES OF HAMBURG, PA AREA S PREFERENCE IS GIVEN TO THOSE RESIDING IN PERRY TOWNSHIP OR SHOEMAKERSV MINIMUM GPA OF 2.5
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

SEE ATTACHED - CENTER FOR SCHOLARSHIP
ADMINISTRATION
4320 WADE HAMPTON BLVD
TAYLORS,SC29687 		NONE I SCHOLARSHIP 1,508,900
Total .................................right arrow 3a 1,508,900
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 ........... 		         
4 Dividends and interest from securities ....     14 749,454  
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 -621,643  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    1 8,020  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   135,831  
13Total. Add line 12, columns (b), (d), and (e)..................
13
135,831
(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:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,021     1,021

TY 2023 InvestmentsCorpBondsSchedule
Name:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Name of Bond End of Year Book Value End of Year Fair Market Value
00287YAQ2 ABBVIE INC 34,708 34,351
63254AAY4 NATIONAL AUSTRALIA    
74251VAM4 PRINCIPAL FINANCIAL 44,490 42,853
9128283W8 US TREASURY NOTE 23,874 23,600
606822AT1 MITSUBISHI UFJ FIN    
581557BE4 MCKESSON CORP 3.796%    
713448CG1 PEPSICO INC 2.750% 3    
3137EADB2 FED HOME LN MTG CORP    
316773CX6 FIFTH THIRD BANCORP    
912828D56 US TREASURY NOTE 2.3 87,079 89,011
89114QBG2 TORONTO-DOMINION BAN    
14040HBG9 CAPITAL ONE FINANCIA 46,016 44,056
10373QAL4 BP CAP MARKETS AMERI    
092113AH2 BLACK HILLS CORP 4.2    
3135G03U5 FED NATL MTG ASSN 60,106 57,289
49326EEH2 KEYCORP 49,266 43,768
29379VBB8 ENTERPRISE PRODUCTS    
3137EAEP0 FED HOME LN MTG CORP 104,477 96,911
172967KY6 CITIGROUP INC 18,736 19,047
91324PCP5 UNITEDHEALTH GROUP 68,557 58,999
06367WHH9 BANK OF MONTREAL    
00206RKG6 AT&T INC 45,771 39,852
912828UN8 US TREASURY NOTE 2.0    
035240AV2 ANHEUSER-BUSCH INBEV 45,734 37,259
026874DD6 AMERICAN INTL GROUP    
58013MEM2 MCDONALD'S CORP 2.62    
369550AU2 GENERAL DYNAMICS COR    
912828ZQ6 US TREASURY NOTE 148,366 121,143
7591EPAP5 REGIONS FINANCIAL CO    
037833BG4 APPLE INC 50,715 48,982
458140AS9 INTEL CORP 50,430 49,001
06406RAA5 BANK OF NY MELLON CO    
961214EL3 WESTPAC BANKING CORP 86,032 71,512
882508BH6 TEXAS INSTRUMENTS IN    
38141EC23 GOLDMAN SACHS GROUP    
912828V98 US TREASURY NOTE 68,996 65,899
912828Z78 US TREASURY NOTE 109,621 101,441
863667BA8 STRYKER CORP 40,547 38,031
437076BK7 HOME DEPOT INC 82,512 78,206
036752AJ2 ANTHEM INC 42,533 39,018
46625HMN7 JPMORGAN CHASE & CO 66,513 63,928
912828TY6 US TREASURY NOTE 1.6    
20030NBS9 COMCAST CORP 42,257 38,728
912828YB0 US TREASURY NOTE 168,164 149,209
9128285M8 US TREASURY NOTE 158,592 147,631
666807BM3 NORTHROP GRUMMAN COR 43,394 39,254
912828X88 US TREASURY NOTE 2.3 81,069 75,282
54473ERT3 LOS ANGELES CNTY CA    
459200JZ5 IBM CORP    
68389XBM6 ORACLE CORP 50,572 47,312
256677AC9 DOLLAR GENERAL CORP    
92343VCR3 VERIZON COMMUNICATIO    
3130AJHU6 FED HOME LN BK 59,801 57,197
31428XAV8 FEDEX CORP    
166764BY5 CHEVRON CORP 92,903 78,718
231021AR7 CUMMINS INC 3.650% 1    
931142EE9 WALMART INC    
832696AB4 SMUCKER (J.M.) CO 3.    
91282CBW0 US TREASURY NOTE 91,557 92,383
931142ES8 WALMART INC 79,274 70,667
713448FE3 PEPSICO INC 19,904 16,623
91282CDJ7 US TREASURY NOTE 1.3 140,792 130,688
91282CCS8 US TREASURY NOTE 78,291 65,166
91282CCC3 US TREASURY NOTE    
693475AZ8 PNC FINANCIAL SERVIC 82,940 69,813
92343VGJ7 VERIZON COMMUNICATIO 31,658 26,484
91282CBX8 US TREASURY NOTE    
09247XAR2 BLACKROCK INC 44,110 37,449
91282CCN9 US TREASURY NOTE    
89114QCP1 TORONTO-DOMINION BAN 49,013 46,398
91282CCB5 US TREASURY NOTE 39,532 33,709
969457BX7 WILLIAMS COMPANIES 36,504 36,353
25389JAR7 DIGITAL REALTY TRUST 37,930 38,198
91282CEP2 US TREASURY NOTE 67,315 63,555
91282CFV8 US TREASURY NOTE 4.1 52,188 49,658
91282CGM7 US TREASURY NOTE 38,484 37,883
91282CFF3 US TREASURY NOTE 95,535 94,176
046353AL2 ASTRAZENECA PLC 72,782 73,088
053332AZ5 AUTOZONE INC 33,366 33,207
126650DY3 CVS HEALTH CORP 37,740 40,094
26441CAS4 DUKE ENERGY CORP 23,452 23,606
38141GYJ7 VR GOLDMAN SACHS GRO 54,708 57,425
548661DY0 LOWE'S COS INC 23,827 24,513
67103HAL1 O'REILLY AUTOMOTIVE 33,623 34,205
78016FZX5 ROYAL BANK OF CANADA 39,458 39,857
912828WJ5 US TREASURY NOTE 2.5 64,502 64,774
91282CGG0 US TREASURY NOTE 49,637 49,593
91282CHC8 US TREASURY NOTE 76,879 74,944
91282CHT1 US TREASURY NOTE 75,678 77,875

TY 2023 InvestmentsCorpStockSchedule
Name:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Name of Stock End of Year Book Value End of Year Fair Market Value
166764100 CHEVRON CORP 17,121 46,060
580135101 MCDONALDS CORP 12,021 46,804
46120E602 INTUITIVE SURGICAL I 13,600 60,263
00724F101 ADOBE INC 25,723 32,294
670100205 NOVO NORDISK A/S - A 6,486 117,358
20030N101 COMCAST CORP CLASS A 17,295 33,726
718172109 PHILIP MORRIS INTERN    
882508104 TEXAS INSTRUMENTS IN 40,138 83,447
91324P102 UNITEDHEALTH GROUP I 33,048 89,046
30303M102 META PLATFORMS INC    
743315103 PROGRESSIVE CORP OHI 25,354 57,289
98978V103 ZOETIS INC 19,431 20,644
H1467J104 CHUBB LTD    
46625H100 JPMORGAN CHASE & CO    
771195104 ROCHE HOLDINGS LTD -    
053015103 AUTOMATIC DATA PROCE 1,879 13,486
00287Y109 ABBVIE INC    
594918104 MICROSOFT CORP 29,822 249,487
N07059210 ASML HOLDING NV-NY R 6,308 62,110
92345Y106 VERISK ANALYTICS INC 11,044 26,873
G47567105 IHS MARKIT LTD    
09247X101 BLACKROCK INC 10,264 55,024
002824100 ABBOTT LABS 11,062 36,712
654106103 NIKE INC CL B 21,865 30,637
75513E101 RTX CORP 12,848 28,381
037833100 APPLE INC 2,217 113,348
92826C839 VISA INC-CLASS A SHR 31,171 100,469
02209S103 ALTRIA GROUP INC    
009158106 AIR PRODS & CHEMS IN 8,823 22,289
68902V107 OTIS WORLDWIDE CORP 5,895 16,479
02079K107 ALPHABET INC CL C 55,617 110,389
13645T100 CANADIAN PAC RY LTD    
574795100 MASIMO CORP    
641069406 NESTLE S.A. REGISTER 8,003 22,621
78409V104 S&P GLOBAL INC 20,322 39,992
518439104 ESTEE LAUDER COMPANI    
824348106 SHERWIN WILLIAMS CO 1,839 4,168
11133T103 BROADRIDGE FINANCIAL 16,049 26,222
571903202 MARRIOTT INTERNATION 28,443 46,173
45866F104 INTERCONTINENTAL EXC 16,062 36,007
713448108 PEPSICO INC 17,547 38,677
191216100 COCA COLA CO 9,782 24,961
57636Q104 MASTERCARD INC 26,563 58,270
023135106 AMAZON COM INC COM 82,858 151,519
907818108 UNION PACIFIC CORP 50,276 76,730
461202103 INTUIT COM 48,748 78,650
3132A4Z92 FHLMC POOL #ZS4368    
464287481 ISHARES RUSSELL MID-    
G21810109 CLARIVATE PLC    
31405QRE0 FNMA POOL 796185 5.5    
31416SL74 FNMA POOL AA8449 4.5    
3132A4V54 FHLMC POOL #ZS4236    
90274D382 ETRACS ALERIAN INFRA    
922031760 VANGUARD HIGH YIELD    
36381Y108 MONDRIAN INTL VAL EQ    
70299PGP6 PARTNERS GROUP PRIVA    
22544R305 CREDIT SUISSE COMM R    
3140J5LJ6 FNMA POOL #BM1228    
3132A4VE5 FHLMC POOL #ZS4213    
3137AYTR2 FED HOME LN MTG CORP    
27831R108 EV GLBL MACR ABS RTR    
693391559 PIMCO EMERG MKTS BD-    
413838780 OAKMARK FUND-INST #2    
31414TSB8 FNMA POOL 975814 6.5    
31417V2A0 FNMA POOL AC8868 4.5    
09260C703 BLACKROCK GL L/S CRE    
GTC996442 CORBIN MULTI STRATEG    
922031737 VANGUARD INFLAT-PROT    
04314H758 ARTISAN SMALL CAP FU    
921943858 VANGUARD FTSE DEVELO    
36296GQB0 GNMA POOL 690850 5.5    
31412NA22 FNMA POOL 929825 5.5    
464287655 ISHARES RUSSELL 2000    
464287234 ISHARES MSCI EMERGIN    
922042858 VANGUARD FTSE EMERGI    
74925K581 BOSTON P LNG/SHRT RE    
64110L106 NETFLIX INC    
02582JHL7 AMERICAN EXPRESS CRE    
31416H4U6 FNMA POOL AA0834 5.0    
3131WH3N5 FHLMC POOL #ZI5305    
3132A6HV8 FHLMC POOL #ZS5644    
31416WU34 FNMA POOL AB1501 4.0    
00888Y847 INVESCO BAL RSK COMM    
000843201 ACAP STRATEGIC FUND-    
464287804 ISHARES CORE S&P SMA    
464287473 ISHARES RUSSELL MID-    
464287499 ISHARES RUSSELL MID-    
922908553 VANGUARD REAL ESTATE    
81762P102 SERVICENOW INC 24,273 25,922
3138AALD1 FNMA POOL AH8423 4.5    
31407NQM8 FNMA POOL 835760 4.5    
31415CNH6 FNMA POOL 982892 4.5    
04314H600 ARTISAN MID CAP FUND    
00143W859 INV OPP DEVELOP MRKT    
366651107 GARTNER INC 20,555 38,610
90276RBD9 UBS COMMERCIAL MORTG    
36297BRT0 GNMA POOL 707098 5.5    
31371PBT6 FNMA POOL 257550 5.0    
3131XH4V5 FHLMC POOL #ZL2636    
31329KJW5 FHLMC POOL #ZA2077    
31407SFD9 FNMA POOL 839064 6.0    
78462F103 SPDR S & P 500 ETF T    
464287309 ISHARES S&P 500 GROW    
78463X863 SPDR DJ WILSHIRE INT    
30303M102 FACEBOOK INC    
42809H107 HESS CORP 50,785 81,815
478160104 JOHNSON & JOHNSON    
413838624 OAKMARK FUND-R6 #410    
742718109 PROCTER & GAMBLE CO 32,635 33,748
30231G102 EXXON MOBIL CORPORAT 18,017 24,410
26875P101 EOG RESOURCES, INC 43,833 49,346
12572Q105 CME GROUP INC 25,787 30,571
532457108 ELI LILLY & CO COM 30,959 73,128
046353108 ASTRAZENECA PLC ADR 31,652 33,875
05523R107 BAE SYSTEMS PLC - AD 31,915 42,858
13646K108 CANADIAN PACIFIC KAN 9,257 32,182
437076102 HOME DEPOT INC 24,389 26,468
502441306 LVMH MOET HENNESSY U 25,601 26,792
67066G104 NVIDIA CORP 24,435 40,660

TY 2023 InvestmentsOtherSchedule2
Name:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
053015AD5 AUTOMATIC DATA PROCE      
912828R36 US TREASURY NOTE 1.6      
743263AR6 PROGRESS ENERGY INC      
832696AB4 SMUCKER (J.M.) CO 3.      
06051GEU9 BANK OF AMERICA CORP      
464287804 ISHARES CORE S&P SMA AT COST 1,591,935 2,430,777
GTC997004 GAI CORBIN MULTI STR      
4812C0803 JPMORGAN HIGH YIELD      
413838780 OAKMARK FUND-INST #2      
314172560 FEDERATED STRAT VAL      
22544R305 CREDIT SUISSE COMM R AT COST 340,000 289,559
023135106 AMAZON COM INC COM      
580135101 MCDONALDS CORP      
89151E109 TOTAL FINA ELF S.A.      
91324P102 UNITEDHEALTH GROUP I      
231021AR7 CUMMINS INC 3.650% 1      
3128MBX69 FHLMC POOL G13201 4.      
04314H600 ARTISAN MID CAP FUND AT COST 934,962 983,419
693391559 PIMCO EMERG MKTS BD- AT COST 1,071,101 1,023,805
902641646 E-TRACS ALERIAN MLP      
00287Y109 ABBVIE INC      
45866F104 INTERCONTINENTAL EXC      
29379VBB8 ENTERPRISE PRODUCTS      
912828D23 US TREASURY NOTE 1.6      
912828D56 US TREASURY NOTE 2.3      
49327M2F0 KEY BANK NA 2.500% 1      
3128KFP79 FHLMC POOL A53146 5.      
00206RCN0 AT&T INC      
31416SL74 FNMA POOL AA8449 4.5 AT COST 2,471 2,382
458140AS9 INTEL CORP      
912828P46 US TREASURY NOTE 1.6      
922031737 VANGUARD INFLAT-PROT AT COST 82,603 81,563
053015103 AUTOMATIC DATA PROCE      
641069406 NESTLE S.A. REGISTER      
670100205 NOVO NORDISK A/S - A      
G5494J103 LINDE PLC      
92345Y106 VERISK ANALYTICS INC      
46120E602 INTUITIVE SURGICAL I      
037833BG4 APPLE INC      
345397XW8 FORD MOTOR CREDIT CO      
172967KY6 CITIGROUP INC      
74251VAM4 PRINCIPAL FINANCIAL      
14040HBP9 CAPITAL ONE FINANCIA      
912828UN8 US TREASURY NOTE 2.0      
256677AC9 DOLLAR GENERAL CORP      
277923728 EATON VANCE GLOBAL M      
00888Y508 INV BALANCE RISK COM      
009158106 AIR PRODS & CHEMS IN      
654106103 NIKE INC CL B      
30231G102 EXXON MOBIL CORPORAT      
45662N103 INFINEON TECHNOLOGIE      
21036P108 CONSTELLATION BRANDS      
02079K107 ALPHABET INC CL C      
38141EC23 GOLDMAN SACHS GROUP      
10373QAL4 BP CAP MARKETS AMERI      
92343VCR3 VERIZON COMMUNICATIO      
36296GQB0 GNMA POOL 690850 5.5 AT COST 950 939
70299PGP6 PARTNERS GROUP PRIVA AT COST 668,011 1,421,810
683974604 OPPENHEIMER DEVELOPI      
74925K581 BOSTON P LNG/SHRT RE AT COST 277,746 295,837
037833100 APPLE INC      
518439104 ESTEE LAUDER COMPANI      
857477103 STATE STREET CORP      
882508104 TEXAS INSTRUMENTS IN      
907818108 UNION PACIFIC CORP      
191216100 COCA COLA CO      
46625H100 JPMORGAN CHASE & CO      
35137L105 FOX CORP      
57636Q104 MASTERCARD INC      
92826C839 VISA INC-CLASS A SHR      
9128285M8 US TREASURY NOTE      
3128MJD31 FHLMC POOL G08121 5.      
31405QRE0 FNMA POOL 796185 5.5 AT COST 2,848 2,842
025816109 AMERICAN EXPRESS CO      
594918104 MICROSOFT CORP      
713448108 PEPSICO INC      
824348106 SHERWIN WILLIAMS CO      
913017109 UNITED TECHNOLOGIES      
09247X101 BLACKROCK INC      
20825C104 CONOCOPHILLIPS      
20030N101 COMCAST CORP CLASS A      
36297BRT0 GNMA POOL 707098 5.5 AT COST 363 361
9128283W8 US TREASURY NOTE      
31416WU34 FNMA POOL AB1501 4.0 AT COST 2,642 2,444
3138AALD1 FNMA POOL AH8423 4.5 AT COST 2,357 2,229
17252MAM2 CINTAS CORPORATION      
912828VZ0 US TREASURY NOTE 2.0      
464287481 ISHARES RUSSELL MID- AT COST 400,349 704,472
921943858 VANGUARD FTSE DEVELO AT COST 950,965 1,299,252
002824100 ABBOTT LABS      
771195104 ROCHE HOLDINGS LTD -      
02209S103 ALTRIA GROUP INC      
78409V104 S&P GLOBAL INC      
3128P7KF9 FHLMC POOL C91194 5.      
54473ERT3 LOS ANGELES CNTY CA      
912828J27 US TREASURY NOTE 2.0      
63254AAY4 NATIONAL AUSTRALIA      
46625HMN7 JPMORGAN CHASE & CO      
912828MP2 US TREASURY NOTE 3.6      
20030NBS9 COMCAST CORP      
68389XBM6 ORACLE CORP      
912828V98 US TREASURY NOTE      
912828X88 US TREASURY NOTE 2.3      
3132GMHA3 FHLMC POOL Q05925 3.      
31415CNH6 FNMA POOL 982892 4.5      
693390882 PIMCO INTL BND USD H      
06367WHH9 BANK OF MONTREAL      
31412NA22 FNMA POOL 929825 5.5 AT COST 2,093 2,022
31417V2A0 FNMA POOL AC8868 4.5 AT COST 252 236
31407NQM8 FNMA POOL 835760 4.5 AT COST 3,385 3,094
3137EADB2 FED HOME LN MTG CORP      
369550AU2 GENERAL DYNAMICS COR      
912828TY6 US TREASURY NOTE 1.6      
981464DM9 WORLD FINANCIAL NETW      
3137AYTR2 FED HOME LN MTG CORP AT COST 15,016 14,020
81369Y605 AMEX FINANCIAL SELEC      
464287309 ISHARES S&P 500 GROW AT COST 1,159,910 2,702,671
09260C703 BLACKROCK GL L/S CRE AT COST 310,975 272,028
464287473 ISHARES RUSSELL MID- AT COST 626,220 2,021,949
779919307 T ROWE PR REAL ESTAT      
922042858 VANGUARD FTSE EMERGI AT COST 239,441 233,578
78463X863 SPDR DJ WILSHIRE INT      
254687106 WALT DISNEY CO      
H1467J104 CHUBB LTD      
30303M102 FACEBOOK INC      
31416H4U6 FNMA POOL AA0834 5.0 AT COST 173 170
3128MJC99 FHLMC POOL G08095 5.      
3128MJLM0 FHLMC POOL G08331 4.      
00287YAQ2 ABBVIE INC      
026874DD6 AMERICAN INTL GROUP      
373334JP7 GEORGIA POWER COMPAN      
437076BK7 HOME DEPOT INC      
91324PBM3 UNITEDHEALTH GROUP 3      
31407SFD9 FNMA POOL 839064 6.0 AT COST 1,792 1,781
78462F103 SPDR S & P 500 ETF T AT COST 1,908,311 4,268,774
36381Y108 MONDRIAN INTL VAL EQ AT COST 501,330 792,399
464287234 ISHARES MSCI EMERGIN AT COST 594,194 599,111
03524A108 ANHEUSER-BUSCH INBEV      
13645T100 CANADIAN PAC RY LTD      
166764100 CHEVRON CORP      
N07059210 ASML HOLDING NV-NY R      
718172109 PHILIP MORRIS INTERN      
31414TSB8 FNMA POOL 975814 6.5 AT COST 2,414 2,420
606822AT1 MITSUBISHI UFJ FIN      
3135G0ZG1 FED NATL MTG ASSN 1.      
61747YCG8 MORGAN STANLEY 7.300      
31371PBT6 FNMA POOL 257550 5.0      
44932HAC7 IBM CREDIT CORP      
89114QBG2 TORONTO-DOMINION BAN      
961214CX9 WESTPAC BANKING CORP      
912828NT3 US TREASURY NOTE 2.6      
3130A8DB6 FED HOME LN BK      
06406RAA5 BANK OF NY MELLON CO      
084664BT7 BERKSHIRE HATHAWAY 3      
912828TJ9 US TREASURY NOTE 1.6      
713448CG1 PEPSICO INC 2.750% 3      
31428XAV8 FEDEX CORP      
092113AH2 BLACK HILLS CORP 4.2      
922908553 VANGUARD REAL ESTATE AT COST 896,746 987,948
3132A6HV8 FHLMC POOL #ZS5644      
912828Z78 US TREASURY NOTE      
7591EPAP5 REGIONS FINANCIAL CO      
912828YB0 US TREASURY NOTE      
912828Z52 US TREASURY NOTE      
11133T103 BROADRIDGE FINANCIAL      
3132A4Z92 FHLMC POOL #ZS4368 AT COST 784 765
4812C0126 JPMORGAN HIGH YIELD-      
464287499 ISHARES RUSSELL MID- AT COST 448,718 687,856
743315103 PROGRESSIVE CORP OHI      
31329KJW5 FHLMC POOL #ZA2077 AT COST 432 421
3132A4V54 FHLMC POOL #ZS4236 AT COST 2,305 2,278
3132A4VE5 FHLMC POOL #ZS4213 AT COST 1,730 1,709
49326EEH2 KEYCORP      
86787EBE6 SUNTRUST BANK      
02582JHL7 AMERICAN EXPRESS CRE      
3131XH4V5 FHLMC POOL #ZL2636 AT COST 5,996 5,335
581557BE4 MCKESSON CORP 3.796%      
00888Y847 INVESCO BAL RSK COMM AT COST 240,000 265,772
58013MEM2 MCDONALD'S CORP 2.62      
00143W859 INV OPP DEVELOP MRKT AT COST 735,412 804,137
GTC996442 CORBIN MULTI STRATEG      
3131WH3N5 FHLMC POOL #ZI5305 AT COST 1,574 1,557
000843201 ACAP STRATEGIC FUND- AT COST 600,000 541,104
27831R108 EV GLBL MACR ABS RTR AT COST 271,834 248,040
31421N881 FED HERM STRAT VAL D      
3140J5LJ6 FNMA POOL #BM1228 AT COST 17,657 15,815
04314H758 ARTISAN SMALL CAP FU AT COST 215,000 146,716
922031760 VANGUARD HIGH YIELD AT COST 2,028,579 1,909,709
90274D382 ETRACS ALERIAN INFRA AT COST 306,392 183,898
464287655 ISHARES RUSSELL 2000      
413838624 OAKMARK FUND-R6 #410 AT COST 1,500,000 2,932,007
90276RBD9 UBS COMMERCIAL MORTG AT COST 112,986 98,087

TY 2023 OtherDecreasesSchedule
Name:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Description Amount
MUTUAL FUND TIMING ADJ 1,247
CY PURCHASE OF ACCRUED INTEREST 1,019
TAX LOT BASIS ADJUSTMENT 21
COST BASIS ADJ 134


TY 2023 OtherExpensesSchedule
Name:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 236 236   0
SCHOLARSHIP COMMITTEE COMPENSA 4,000 0   4,000


TY 2023 OtherIncomeSchedule2
Name:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 8,020 8,020  


TY 2023 OtherIncreasesSchedule
Name:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Description Amount
RECOVERY OF GRANTS PAID 160,721
PY PURCHASE OF ACCRUED INTEREST 428


TY 2023 OtherProfessionalFeesSchedule
Name:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 8,457 8,457    
SCHOLARSHIP ADMIN FEES 105,623     105,623


TY 2023 TaxesSchedule
Name:
ESTHER H LUDWIG SCHOLARSHIPS
EIN:
25-6884372
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 6,483 6,483   0
FEDERAL ESTIMATES - PRINCIPAL 8,300 0   0
FOREIGN TAXES ON NONQUALIFIED 2,522 2,522   0