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
MARSHALL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)814 E UNIVERSITY BOULEVARD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TUCSON, AZ85719
A Employer identification number

86-0102198
B Telephone number (see instructions)

(520) 622-8613
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$51,251,631J 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 316,146 316,146  
4 Dividends and interest from securities...      
5a Gross rents............ 4,014,496 2,871,305  
b Net rental income or (loss) 4,014,496
6a Net gain or (loss) from sale of assets not on line 10 10,725,465
b Gross sales price for all assets on line 6a 11,000,000
7 Capital gain net income (from Part IV, line 2)... 10,725,465
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
346,686 258,665  
12 Total. Add lines 1 through 11........ 15,402,793 14,171,581  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 207,746 111,401   93,411
14 Other employee salaries and wages...... 513,228 317,668   51,157
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
44,993 35,413   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,259 33,084   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
84,099 65,340   0
17 Interest............... 393,571 70,326   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
383,062 119,704   0
19 Depreciation (attach schedule) and depletion... 394,195 262,718  
20 Occupancy.............. 267,291 267,291   0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,401,618 859,108   139,621
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,737,062 2,142,053   284,189
25 Contributions, gifts, grants paid....... 1,387,654 1,758,968
26 Total expenses and disbursements. Add lines 24 and 25 5,124,716 2,142,053   2,043,157
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,278,077
b Net investment income (if negative, enter -0-) 12,029,528
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............. 350,032 404,490 404,490
2 Savings and temporary cash investments......... 418,520 211,126 211,126
3 Accounts receivable right arrow158,945
Less: allowance for doubtful accounts right arrow7,111 229,041 151,834 151,834
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 arrow221,400
Less: allowance for doubtful accounts right arrow221,400      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 74,028 86,193 86,193
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow19,423,710
Less: accumulated depreciation (attach schedule) right arrow9,273,259 10,454,879 10,150,451 35,310,466
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 Click to see attachment
List of Attached Documents:
// Content
8,987,522 		8,987,522
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,861,501 		Click to see attachment
List of Attached Documents:
// Content
8,502,253 		Click to see attachment
List of Attached Documents:
// Content
6,100,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,388,001 28,493,869 51,251,631
Liabilities 17 Accounts payable and accrued expenses.......... 111,130 153,552
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 8,285,519 7,666,591
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,498,719 		Click to see attachment
List of Attached Documents:
// Content
3,372,418
23 Total liabilities (add lines 17 through 22)......... 10,895,368 11,192,561
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........... 6,492,633 17,301,308
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 6,492,633 17,301,308
30 Total liabilities and net assets/fund balances (see instructions). 17,388,001 28,493,869
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
6,492,633
2
Enter amount from Part I, line 27a .....................
2
10,278,077
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
540,771
4
Add lines 1, 2, and 3 ..........................
4
17,311,481
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
10,173
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,301,308
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 1001 N PARK, TUCSON, AZ 85719 P 2024-07-01 2023-04-14
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 11,000,000 31,196 305,731 10,725,465
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       10,725,465
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 10,725,465
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) 1 167,210
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........................... 3 167,210
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- ..... 5 167,210
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 167,399
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 180,399
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 41
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 13,148
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow13,148 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowAZ
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
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.MARSHALLFOUNDATION.COM
14
The books are in care ofright arrowMARSHALL FOUNDATION Telephone no.right arrow (520) 622-8613

Located atright arrow814 E UNIVERSITY BOULEVARDTUCSONAZ ZIP+4right arrow85719
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
BRUCE BURKE PRESIDENT & TREASURER
9.23 		18,000 0 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
JANE MCCOLLUM PRESIDENT RE DIVISION (RETIRED 2023)
40.00 		159,246 1,411 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
GABRIELA CORRALES VICE PRESIDENT
0.92 		6,000 0 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
JIMENA VALDES TREASURER & SECRETARY
0.92 		6,000 0 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
FABIAN CORDOVA MEMBER
2.31 		6,000 0 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
ALFREDO CUESTAS MEMBER (RESIGNED AUGUST 2023)
0.92 		4,000 0 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
MICHAEL HAMMOND MEMBER
2.31 		6,000 0 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
SEAN STUCHEN MEMBER
0.92 		0 0 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
PAOLA MENDIVIL MEMBER
0.92 		2,000 0 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
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
TRICIA KINARD ACCOUNTING MANAGER
40.00 		84,000 16,406 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
ROBIN FECKNER OFFICE MANAGER
40.00 		66,548 26,094 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
SHAWN RISHER ADMINISTRATION
40.00 		51,035 15,202 0
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
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
MSW DEVELOPMENT SERVICES INC CONSULTING 453,250
70 W CUSHING STREET
TUCSON,AZ85701
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 N/A 0
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
7,144,892
b
Average of monthly cash balances.......................
1b
748,977
c
Fair market value of all other assets (see instructions)................
1c
41,320,166
d
Total (add lines 1a, b, and c).........................
1d
49,214,035
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
8,117,470
3
Subtract line 2 from line 1d.........................
3
41,096,565
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
616,448
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
40,480,117
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,024,006
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
2,024,006
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
167,210
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
7,887
c
Add lines 2a and 2b............................
2c
175,097
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,848,909
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,848,909
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
1,848,909
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
2,043,157
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,043,157
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,848,909
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,089,029
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,043,157
a Applied to 2022, but not more than line 2a 1,089,029
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..... 954,128
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 .......... 		894,781
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....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KAY HOENIG
814 E UNIVERSITY BOULEVARD
TUCSON,AZ85719
(520) 622-8613
bThe form in which applications should be submitted and information and materials they should include:
GRANT REQUESTS ARE CONSIDERED AT THE BEGINNING OF THE YEAR THROUGH A FORMAL, ONLINE PROCESS USING THE FOLLOWING CRITERIA: RELEVANCE OF THE PROJECT TO THE MARSHALL FOUNDATION'S MISSION AND GIVING FOCUS COMPLETENESS OF THE APPLICATION AVAILABILITY OF FUNDS THE THREE-STEP ONLINE PROCESS IS AS FOLLOWS: ORGANIZATION REGISTRATION (ONE-TIME ONLY PER EMAIL ADDRESS) APPLICATION FORM / LETTER OF INTENT (LOI) FULL PROPOSAL (UPON INVITATION ONLY)
cAny submission deadlines:
GRANT APPLICATIONS ARE ACCEPTED BETWEEN JANUARY AND MAY.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
IN ORDER TO BE CONSIDERED FOR FUNDING BY THE MARSHALL FOUNDATION, THE ORGANIZATION SEEKING SUPPORT MUST: BE AN ESTABLISHED 501(C)(3) NOT-FOR-PROFIT CORPORATION. HAVE A PROJECT THAT WILL TAKE PLACE IN PIMA COUNTY OR BENEFIT RESIDENTS OF PIMA COUNTY, AZ. HAVE SUBMITTED A FORMAL APPLICATION THROUGH AN ONLINE PROCESS MARSHALL FOUNDATION WILL NOT ACCEPT REQUESTS FOR SUPPORT FOR PROJECTS OUTSIDE OF PIMA COUNTY OR FOR SPECIFIC INDIVIDUALS.
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

ANGEL CHARITY FOR CHILDREN

3132 N SWAN RD
TUCSON,AZ85712 		  PC 2023 ANGEL BALL 2,243

ARIZONA FRIENDS OF FOSTER CHILDREN FOUNDATION

360 E CORONADO ROAD 190
PHOENIX,AZ85004 		  PC FOSTERING POST-SECONDARY SUCCESS 35,000

BEACON GROUP

308 W GLENN ST
TUCSON,AZ85705 		  PC PRE EMPLOYMENT TRANSITION SERVICES EXPANSION 42,700

BOOKS FOR CLASSROOMS

1432 S SAN LUIS
GREEN VALLEY,AZ85614 		  PC PURCHASE BOOKS TO DONATE TO SCHOOLS 25,000

BOYS TO MEN TUCSON

5925 E BROADWAY BLVD STE 125
TUCSON,AZ85711 		  PC SPONSORSHIP 30,000

CASA DE LOS NINOS

1120 N 5TH AVENUE
TUCSON,AZ85705 		  PC PROVIDE QUALITY CARE AND EDUCATION FOR CHILDREN FROM BIRTH TO AGE 5 25,000

CHILDREN'S ACTION ALLIANCE

5049 E BROADWAY BLVD 158
TUCSON,AZ85711 		  PC EQUITABLE ACCESS TO QUALITY EARLY CHILDHOOD EDUCATION 30,000

CHILDREN'S CLINICS

1111 N CHERRY AVE
TUCSON,AZ85721 		  PC SPEECH & LANGUAGE THERAPY FOR ACADEMIC ACHIEVEMENT 30,000

CIVIC ORCHESTRA OF TUCSON

PO BOX 42764
TUCSON,AZ85733 		  PC SPONSORSHIP 1,200

EL RIO HEALTH CENTER FOUNDATION

5979 E GRANT ROAD SUITE 107
TUCSON,AZ85712 		  PC FUND "MISSION OF HOPE" YOUTH MENTAL HEALTH PROGRAM 25,000

INTERFAITH COMMUNITY SERVICES

2820 W INA RD
TUCSON,AZ85741 		  PC SINGLE MOM SCHOLARS 25,000

JOB PATH INC

616 N COUNTRY CLUB RD STE 110
TUCSON,AZ85716 		  PC ECONOMIC OPPRTUNITY WITH JOBPATH 50,000

JUNIOR ACHIEVEMENT OF ARIZONA

6339 E SPEEDWAY BLVD STE 109
TUCSON,AZ85710 		  PC TEACH STUDENTS HOW TO MANAGE THEIR MONEY AND BE READY FOR THE WORKPLACE 25,000

LAPTOPS 4 LEARNING

350 W SAHUARITA RD
SAHUARITA,AZ85629 		  PC LAPTOPS FOR SAHUARITA UNIFIED SCHOOL DISTRICT 50,000

LITERACY CONNECTS

200 E YAVAPAI RD
TUCSON,AZ85705 		  PC READING SEED CHILDREN'S LITERACY PROGRAM 50,000

LUTHERAN SOCIAL SERVICES OF THE SOUTHWEST

2502 E UNIVERSITY DRIVE
PHOENIX,AZ85034 		  PC REFUGEE EDUCATION SERVICES 25,000

OLD PUEBLO COMMUNITY SERVICES

4501 E 5TH ST
TUCSON,AZ85711 		  PC REUNION HOUSE TEEN SHELTER 60,000

SAHUARITA FOOD BANK

17750 S LACANADA DR
SAHUARITA,AZ85629 		  PC WEEKEND NUTRITION BACKPACKS 30,000

SCHOLARSHIPS A-Z

225 E 26TH ST
TUCSON,AZ85713 		  PC STUDENT SUPPORT PROGRAMS FOR UNDOCUMENTED YOUTH 40,000

SO AZ ASSOC FOR THE VISUALLY IMPAIRED (SAAVI)

3767 E GRANT RD
TUCSON,AZ85716 		  PC PROGRAM FOR VISUALLY IMPAIRED 25,000

STEP STUDENT EXPEDITION PROGRAM

6336 NORTH ORACLE ROAD 326-326
TUCSON,AZ85704 		  PC EDUCATE AND EMPOWER LOW-INCOME ARIZONA HIGH SCHOOLERS TO ENROLL IN AND GRADUATE FROM COLLEGE 25,000

STRATFORD ARTWORKS

308 E 2ND STREET
TUCSON,AZ85705 		  PC 2023 FILM FEST TUCSON 2,500

SUNNYSIDE UNIFIED SCHOOL DISTRICT FOUNDATION INC

2238 E GINTER RD
TUCSON,AZ85706 		  PC SUNNYSIDE COMMUNITY SHARE 48,647

TUCSON FESTIVAL OF BOOKS

PO BOX 42466
TUCSON,AZ85733 		  PC SUPPORT THE 2023 TUCSON FESTIVAL OF BOOKS 25,000

TUCSON JAZZ FESTIVAL

17 W CONGRESS ST
TUCSON,AZ85701 		  PC TJF 2024 ARTISTIC RESIDENCY IN TUCSON SCHOOLS 25,000

U OF A FOUNDATION

1111 N CHERRY AVE
TUCSON,AZ85721 		  PC EDIE AUSLANDER AZ ASSURANCE SCHOLARSHIP (5 OF 5) 50,000

U OF A FOUNDATION

1111 N CHERRY AVE
TUCSON,AZ85721 		  PC SCHOLARSHIPS (2023 4 OF 5) 100,000

UA FOUNDATION - SCHOOL OF JOURNALISM

PO BOX 210109
TUCSON,AZ85721 		  PC DIVERSITY HIGH SCHOOL WORKSHOP JUMPSTART PROGRAM 50,000

UA FOUNDATION - WOMEN IN SCIENCE & ENGINEERING

PO BOX 210109
TUCSON,AZ85721 		  PC WISE MENTORSHIP PROG & PSYCHOEDUCATION SERIES 31,000

UA FOUNDATION - 20232024 SCHOLARSHIPS

PO BOX 210109
TUCSON,AZ85721 		  PC FALL 2023 197,539

UA FOUNDATION - AFRICAN AMERICAN MUSEUM OF SO AZ

PO BOX 210109
TUCSON,AZ85721 		  PC DIGITAL MOVES FOR EDUCATION 34,600

UA FOUNDATION - AZ ASSURANCE

PO BOX 210109
TUCSON,AZ85721 		  PC ARIZONA ASSURANCE SCHOLARSHIP (2022 5 OF 5 OF 5) 50,000

UA FOUNDATION - COLLEGE OF EDUCATION

PO BOX 210109
TUCSON,AZ85721 		  PC COOPER CENTER - COOPER FACILITY RENOVATIONS 106,000

UA FOUNDATION - COLLEGE OF LAW

1111 N CHERRY AVE
TUCSON,AZ85721 		  PC EXPANSION OF AAZ LICENSED LEGAL ADVOCATE (LLA) 20,000

UA FOUNDATION - HONORS COLLEGE

PO BOX 210006
TUCSON,AZ85721 		  PC HONORS VILLAGE AMPHITHEATRE NAMING (4 OF 5 PYMNTS) 50,000

UA FOUNDATION - MARIA TERESA VELEZ DIVERSITY LEADERSHIP SCHOLARSHIP

1111 N CHERRY AVE
TUCSON,AZ85721 		  PC FUND SCHOLARSHIP 10,000

UA FOUNDATION - PARENTS & FAMILY PROGRAMS

PO BOX 210109
TUCSON,AZ85721 		  PC 2023 RESOURCE GUIDE 20,000

UA FOUNDATION

PO BOX 210109
TUCSON,AZ85721 		  PC 2022/2023 EDUCATIONAL SCHOLARSHIPS 197,539

UNITED WAY OF TUCSON AND SOUTHERN ARIZONA

330 N COMMERCE PARK LOOP 200
TUCSON,AZ85745 		  PC ACCELERATE QUALITY 25,000

YOUTH ON THEIR OWN

1660 N ALVERNON WAY
TUCSON,AZ85712 		  PC RENOVATION OF NEW HEADQUARTERS 65,000
Total .................................right arrow 3a 1,758,968
bApproved for future payment

UA FOUNDATION - PRIDE OF ARIZONA MARCHING BAND
PO BOX 210109
TUCSON,AZ85721 		  PC NEW BAND UNIFORMS (MATCHING GRANT) 100,000

UA FOUNDATION - HONORS COLLEGE
PO BOX 210006
TUCSON,AZ85721 		  PC HONORS VILLAGE AMPHITHEATRE NAMING (2024 PAYMENTS) 50,000

UA FOUNDATION
1111 N CHERRY AVE
TUCSON,AZ85721 		  PC SCHOLARSHIP FOR DACA STUDENTS ( 2024 PAYMENTS) 100,000

UNITED WAY
330 N COMMERCE PARK LOOP 200
TUCSON,AZ85745 		  PC BUSINESS BREAKFAST COPPER LEVEL SPONSORSHIP 2024 1,000
Total ................................. right arrow 3b 251,000
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 ........... 		    14 316,146  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531120 1,143,191 16    
bNot debt-financed property..... 531120   16 2,871,305  
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 531120 88,021 16 258,665  
8 Gain or (loss) from sales of assets other than
inventory ............ 		        10,725,465
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) .. 1,231,212 3,446,116 10,725,465
13Total. Add line 12, columns (b), (d), and (e)..................
13
15,402,793
(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.)
8E DURING 2023, MARSHALL FOUNDATION SOLD REAL ESTATE WHICH WAS HELD AS INVESTMENT PROPERTY TO FURTHER THEIR CHARITABLE ACTIVITIES AND EXEMPT PURPOSE.
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:
MARSHALL FOUNDATION
EIN:
86-0102198
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 47,259 33,084   0

TY 2023 GeneralExplanationAttachment
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Identifier Return Reference Explanation
INVESTMENT IN LLC STATEMENT AND DE MINIMIS SAFE HARBOR ELECTION FORM 990-PF AND FORM 990-T STATEMENT MARSHALL FOUNDATION OWNS 50% OF WEST MAIN GATE CENTER, LLC. WEST MAIN GATE IS TAXED AS A PARTNERSHIP. ITS PRINCIPAL BUSINESS ACTIVITY IS COMMERCIAL REAL ESTATE RENTALS. TIN 86-0776159814 E UNIVERSITY BOULEVARDTUCSON, AZ 85719TOTAL TAXABLE INCOME FOR 2023 $693,402TOTAL ASSETS AS OF 12/31/2023 $2,209,286SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONMARSHALL FOUNDATION814 E UNIVERSITYTUCSON, AZ 85719EMPLOYER IDENTIFICATION NUMBER: 86-0102198FOR THE YEAR ENDING DECEMBER 31, 2023MARSHALL FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).

TY 2023 InvestmentsOtherSchedule2
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
EMA ACCOUNT (MERRIL) AT COST 8,987,522 8,987,522

TY 2023 LegalFeesSchedule
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 44,993 35,413   0


TY 2023 OtherAssetsSchedule
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEFERRED CHARGES 1,169,360 1,174,754  
DEFERRED RENT 3,788,134 2,754,595  
INVESTMENT IN LLC 904,007 857,180 6,100,000
OPERATING ROU ASSET - 5 STORY BUILDING 0 3,715,724 0


TY 2023 OtherDecreasesSchedule
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Description Amount
INCREASE IN PREPAID RENT BALANCE 9,883
NONDEDUCTIBLE PENALTIES 290


TY 2023 OtherExpensesSchedule
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVERTISING 82,646 58,205   0
INSURANCE 67,126 53,204   0
MAINTENANCE & OPERATIONS 1,106,136 642,599   139,621
TELEPHONE 6,066 6,066   0
LOSS ON DISPOSITION OF ASSET 16,605 2,825   0
BAD DEBT 35,050 35,050   0
AMORTIZATION 87,989 61,159   0


TY 2023 OtherIncomeSchedule2
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
WEST MAIN GATE LLC 346,686 258,665 346,686


TY 2023 OtherIncreasesSchedule
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Description Amount
EXCESS OF TAX DEPRECIATION OVER BOOK 29,723
EXCESS OF BOOK OVER TAX PARTNERSHIP INCOME 26,471
EXCESS OF BOOK BAD DEBT EXPENSE OVER TAX 56,920
INCREASE IN DEFERRED REVENUE BALANCE 373,847
EXCESS OF BOOK DISPOSAL OVER TAX 53,663
ADOPTION OF ASC 842 147


TY 2023 OtherLiabilitiesSchedule
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Description Beginning of Year - Book Value End of Year - Book Value
PREPAID RENT AND DEPOSITS 235,500 249,239
CONTRIBUTIONS PAYABLE 622,539 251,000
ACCRUED INTEREST EXPENSE 35,438 35,438
OTHER ACCRUED EXPENSES 655,242 632,454
EARNEST MONEY DEPOSIT 950,000 0
OPERATING LEASE LIABILITY - CURRENT - 5 STORY BLDG 0 239,472
OPERATING LEASE LIABILITY - LT - 5 STORY BLDG 0 1,964,815


TY 2023 OtherProfessionalFeesSchedule
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 84,099 65,340   0


TY 2023 TaxesSchedule
Name:
MARSHALL FOUNDATION
EIN:
86-0102198
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REAL ESTATE TAXES 206,125 119,704   0
EXCISE AND INCOME TAX 176,937 0   0