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
VERA AND JOSEPH DRESNER FOUNDATION
DBA DRESNER FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)7066 MCGRAW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI48210
A Employer identification number

20-5838578
B Telephone number (see instructions)

(313) 285-8618
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$148,343,603J Accounting method:
MODIFIED CASH
(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 99,246 99,246 99,246
4 Dividends and interest from securities... 2,527,627 2,527,627 2,527,627
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 736,316
b Gross sales price for all assets on line 6a 17,408,848
7 Capital gain net income (from Part IV, line 2)... 736,316
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
2,460,214 2,436,529 2,460,214
12 Total. Add lines 1 through 11........ 5,823,403 5,799,718 5,087,087
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,298,822 550,643   748,179
14 Other employee salaries and wages...... 447,650 230,780   216,870
15 Pension plans, employee benefits....... 490,775 193,076   297,699
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
8,276 7,316   960
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,800 1,200   3,600
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,308,321 309,570   173,104
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
133,936 120   17,042
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
6,757 3,379  
20 Occupancy.............. 57,544 11,637   45,907
21 Travel, conferences, and meetings....... 17,768 -8,444   26,212
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
204,978 50,730   154,248
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,979,627 1,350,007   1,683,821
25 Contributions, gifts, grants paid....... 3,516,014 3,516,014
26 Total expenses and disbursements. Add lines 24 and 25 8,495,641 1,350,007   5,199,835
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,672,238
b Net investment income (if negative, enter -0-) 4,449,711
c Adjusted net income (if negative, enter -0-)... 5,087,087
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............. 21,257 43,158 43,158
2 Savings and temporary cash investments......... 6,805,089 1,423,199 1,423,199
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   317 317
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 82,350,989 Click to see attachment
List of Attached Documents:
// Content
94,339,932 		94,339,932
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 811,178 804,397 804,397
13 Investments—other (attach schedule).......... 49,974,857 Click to see attachment
List of Attached Documents:
// Content
48,299,752 		48,299,932
14 Land, buildings, and equipment: basis right arrow180,208
Less: accumulated depreciation (attach schedule) right arrow144,733 42,233 Click to see attachment
List of Attached Documents:
// Content
35,475 		 
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,133,076 		Click to see attachment
List of Attached Documents:
// Content
3,432,668 		Click to see attachment
List of Attached Documents:
// Content
3,432,668
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 141,138,679 148,378,898 148,343,603
Liabilities 17 Accounts payable and accrued expenses.......... 1,377 469
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)......... 1,377 469
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 141,137,302 148,378,429
29 Total net assets or fund balances (see instructions)..... 141,137,302 148,378,429
30 Total liabilities and net assets/fund balances (see instructions). 141,138,679 148,378,898
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
141,137,302
2
Enter amount from Part I, line 27a .....................
2
-2,672,238
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
9,913,370
4
Add lines 1, 2, and 3 ..........................
4
148,378,434
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
5
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
148,378,429
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 DIMENSIONAL US CORE P 2023-02-13 2023-07-12
b DOUIBLELN FLEX INC P 2022-11-08 2023-06-14
c PIMCO INFL RESP MULT 12 P 2023-07-31 2023-07-31
d T ROWE VAL INVS P 2022-04-21 2023-02-13
e DFA US CORE EQ 2 P 2020-09-03 2023-10-11
DFA US LGCP VAL 1 P 2021-05-17 2023-12-31
DFA US LGCO 1 P 2015-10-19 2023-09-12
DOUBLELN SHILLER ENH P 2022-01-01 2023-01-25
EV FLT RT ADVTG P 2020-12-03 2023-03-14
ISHS MSCI INT' P 2018-12-27 2023-01-01
PIMCO INC P 2018-08-15 2023-10-11
PIMCO INFL RESP MULTI P 2022-05-10 2023-07-31
TROWE HLTH SCI INV P 2020-04-07 2023-11-15
VHGRD DIV GRW P 2020-01-01 2023-11-15
K-1 GLW SALE P 2020-01-01 2023-12-31
(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 305,359   291,486 13,873
b 987,731   970,060 17,671
c 125,089   129,586 -4,497
d 2,662,221   3,054,260 -392,039
e 300,000   238,666 61,334
2,800,000   2,356,641 443,359
120,000   63,166 56,834
2,400,000   2,705,490 -305,490
400,000   422,834 -22,834
400,403   298,635 101,768
350,000   395,512 -45,512
872,134   977,835 -105,701
1,000,000   841,808 158,192
3,460,000   2,463,077 996,923
100,000   1,463,476 -1,363,476
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       13,873
b       17,671
c       -4,497
d       -392,039
e       61,334
      443,359
      56,834
      -305,490
      -22,834
      101,768
      -45,512
      -105,701
      158,192
      996,923
      -1,363,476
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 2 736,316
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 -364,992
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 61,851
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 61,851
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 61,851
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 175,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 175,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 113,149
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow113,149 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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 arrowMI
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.DRESNERFOUNDATION.ORG
14
The books are in care ofright arrowKEVIN FURLONG Telephone no.right arrow (313) 285-8618

Located atright arrow7066 MCGRAWDETROITMI ZIP+4right arrow48210
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
 
 
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
LORI DRESNER DIRECTOR/PRE
40.00 		389,272 76,971 0
7066 MCGRAW
DETROIT,MI48210
KEVIN FURLONG DIRECTOR/CFO
40.00 		308,750 85,198 0
7066 MCGRAW
DETROIT,MI48210
GARY WEISMAN DIRECTOR/VP
15.00 		206,000 0 0
7066 MCGRAW
DETROIT,MI48210
MARK S COHN DIRECTOR/SEC
15.00 		124,800 31,200 0
7066 MCGRAW
DETROIT,MI48210
VIRGINIA ROMANO CEO
40.00 		270,000 72,385 0
7066 MCGRAW
DETROIT,MI48210
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
DAVID WILLIAMS PRINCIPAL RE
40.00 		216,250 73,975  
7066 MCGRAW
DETROIT,MI48210
SHAWN SCOTT FACILITIES M
40.00 		94,150 27,534  
7066 MCGRAW
DETROIT,MI48210
ERIN MARIE MCDONALD GRANT/PROGRA
40.00 		83,250 24,861  
7066 MCGRAW
DETROIT,MI48210
SONJA KROLIK EXECUTIVE AS
40.00 		54,000 13,500  
7066 MCGRAW
DETROIT,MI48210
Total number of other employees paid over $50,000...................right arrow 8
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
CRUDEN BAY INVESTMENT MGMT LLC INVESTMENT MGMT 305,085
2945 TOWNSGATE RD
SUITE 200
WESTLAKE VILLAGE,CA91361
TAKTIX SOLUTIONS LLC CONSULTING 111,900
211 W FORT STREET
SUITE 720
DETROIT,MI48226
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
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
75,499,994
b
Average of monthly cash balances.......................
1b
2,944,770
c
Fair market value of all other assets (see instructions)................
1c
62,900,873
d
Total (add lines 1a, b, and c).........................
1d
141,345,637
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
141,345,637
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,120,185
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
139,225,452
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,961,273
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
6,961,273
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
61,851
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
61,851
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,899,422
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
6,899,422
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
6,899,422
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
5,199,835
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
1,825,647
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
7,025,482
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 6,899,422
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 6,370,691
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 7,025,482
a Applied to 2022, but not more than line 2a 6,370,691
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 654,791
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		6,244,631
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALBERT EINSTEIN COLLEGE OF MEDICINE

1300 MORRIS PARK AVENUE
BRONX,NY10461 		  501(C)(3) RESEARCH GRANT 125,000

ANDERSON RANCH ARTS CENTER

PO BOX 5598
SNOWMASS VILLAGE,CO81615 		  501(C)93) PROGRAMMATIC SUPPORT 54,000

ASPEN COMMUNITY FOUNDATION

110 EAST HALLAN ST
SUITE 126
ASPEN,CO81611 		  501(C)(3) PROGRAM SUPPORT 10,000

ATLANTIC IMPACT

111 E KIRBY
DETROIT,MI48202 		  501(C)(3) PROGRAM SUPPORT 77,500

BLOOMFIELD HILLS SCHOOLS FOUNDATION

7273 WING LAKE ROAD
BLOOMFIELD HILLS,MI48301 		  501(C)(3) PROGRAM SUPPORT 5,000

BRAIN INJURY ASSOCIATION OF MICHIGA

8137 WEST GRAND RIVER
SUITE A
BRIGHTON,MI48116 		  501(C)(3) GENERAL SUPPORT 10,000

CARBONDALE CLAY CENTER

135 MAIN STREET
CARBONDALE,CO81623 		  501(C)(3) PROGRAM SUPPORT 25,000

CASCADES HUMANE SOCIETY

1515 CARMEN DR
JACKSON,MI49202 		  501(C)(3) PROGRAM SUPPORT 5,000

CHARLEVOIX HISTORICAL SOCIETY

PO BOX 525
CHARLEVOIX,MI49720 		  501(C)(3) PROGRAM SUPPORT 2,500

CHILDRENS HOSPITAL MEDICAL CENTER

333 BURNET AVENUE
CINCINNATI,OH45229 		  501(C)(3) RESEARCH GRANT 125,000

CITY OF HOPE

1500 E DUARTE ROAD
DUARTE,CA91010 		  501(C)(3) RESEARCH GRANT 250,000

COMMUNITY FOUNDATION OF SE MICHIGAN

333 W FORT ST
DETROIT,MI48226 		  501(C)(3) PONTIAC FUNDERS GROUP 33,333

COUNCIL OF MICHIGAN FOUNDATIONS

1 S HARBOR DR
NO 3
GRAND HAVEN,MI48322 		  501(C)(3) PROGRAM SUPPORT 10,000

CROSSROADS OF MICHIGAN

2424 WEST GRAND BOULEVARD
DETROIT,MI48208 		  501(C)(3) PROGRAM SUPPORT 10,000

DEFEAT THE LABEL

31100 NORTHWESTERN HWY
FARMINGTON HILLS,MI48334 		  501(C)(3) PROGRAM SUPPORT 2,500

DETROIT CHILDRENS FUND

100 TALON CENTRE DRIVE
DETROIT,MI48207 		  501(C)(3) PROGRAM SUPPORT 10,363

DETROIT EMPLOYMENT SOLUTIONS CORP

440 E CONGRESS
DETROIT,MI48226 		  501(C)(3) YOUTH EMPLOYMENT PROGRAM 2,000

DETROIT HORSE POWER

PO BOX 38115
DETROIT,MI48238 		  501(C)(3) PROGRAM SUPPORT 50,000

DETROIT PUBLIC THEATER

6960 THIRD AVENUE
DETROIT,MI48201 		  501(C)(3) PROGRAM SUPPORT 24,000

DETROIT2NEPAL FOUNDATION

2035 BAYOU
WEST BLOOMFIELD,MI48323 		  501(C)(3) GENERAL SUPPORT 10,000

DUMB FRIENDS LEAGUE

2080 S QUEBEC STREET
DENVER,CO80231 		  501(C)(3) PROGRAM SUPPORT 150,000

EVANS SCHOLAR FOUNDATION

ONE BRIAR ROAD
GOLF,IL60614 		  501(C)(3) PROGRAM SUPPORT 51,000

FAMILY REACH FOUNDATION

142 BERKELEY ST
4TH FLOOR
BOSTON,MA02116 		  501(C)(3) PROGRAM SUPPORT 2,500

FIREBIRD COMMUNITY ARTS

2651 W LAKE STREET
CHICAGO,IL60612 		  501(C)(3) PROGRAM SUPPORT 2,000

FIRST STEP

44567 PINTREE DR
PLYMOUTH,MI48170 		  501(C)(3) PROGRAM SUPPORT 25,000

FOCUS POINT FAMILY RESOURCE CENTER

2501 E 48TH AVENUE
DENVER,CO80216 		  501(C)(3) PROGRAM SUPPORT 10,000

FOOD BANK OF THE ROCKIES

10700 E 45TH ST
DENVER,CO80239 		  501(C)(3) PROGRAM SUPPORT 77,000

FORGOTTEN HARVEST

21800 GREENFIELD RD
OAK PARK,MI48237 		  501(C)(3) PROGRAM SUPPORT 265,000

FRANKLIN-BINGHAM FARMS POLICE BEN

PO BOX 20052
FRANKLIN,MI48025 		  501(C)(3) PROGRAM SUPPORT 2,500

FRIENDS OF THE PENN

760 PENNIMAN AVE
PLYMOUTH,MI48170 		  501(C)(3) PROGRAM SUPPORT 3,500

FRIENDSHIP CIRCLE OF COLORADO

9950 LONE TREE PARKWAY
LONE TREE,CO80124 		  501(C)(3) PROGRAM SUPPORT 5,000

JEWISH CMTY CT OF METRO DETROIT

6600 WEST MAPLE ROAD
WEST BLOOMFIELD,MI48322 		  501(C)(3) PROGRAM SUPPORT 2,500

JEWISH COLORADO

300 S DAHLIA ST
SUITE 300
DENVER,CO80246 		  501(C)(3) PROGRAM SUPPORT 5,000

JEWISH FAMILY SERVICES OF CO

3201 S TAMARAC DRIVE
SUITE 200
DENVER,CO80231 		  501(C)(3) PROGRAMMATIC SUPPORT 25,500

JEWISH FAMILY SERVICES OF WASHTENAW

2245 S STATE ST
SUITE 200
ANN ARBOR,MI48104 		  501(C)(3) PROGRAM SUPPORT 65,045

JEWISH FEDERATION OF DETROIT

6735 TELEGRAPH RD
BLOOMFIELD,MI48303 		  501(C)(3) PROGRAM SUPPORT 57,300

JUNIOR ACHIEVEMENT OF SE MICHIGAN

577 LARNED ST
DETROIT,MI48226 		  501(C)(3) PROGRAM SUPPORT 25,000

LIFT-UP

PO BOX 1928
RIFLE,CO81650 		  501(C)(3) PROGRAM SUPPORT 15,000

LIGHTHOUSE MICHIGAN

46156 WOODWARD AVE
PONTIAC,MI48342 		  501(C)(3) PROGRAM SUPPORT 150,000

LUCKY DAY ANIMAL RESCUE

PO BOX 8856
ASPEN,CO81612 		  501(C)(3) PROGRAM SUPPORT 5,000

METAVIVOR RESEARCH AND SUPPORT

1783 FOREST DR
SUITE 184
ANNAPOLIS,MD21401 		  501(C)(3) PROGRAM SUPPORT 2,500

MICHIGAN CROSSROADS COUNCIL

1776 WEST WARREN AVE
DETROIT,MI48208 		  501(C)(3) PROGRAM SUPPORT 5,000

MICHIGAN HUMANE SOCIETY

30300 TELEGRAPH RD
SUITE 220
BINGHAM FARMS,MI48025 		  501(C)(3) PROGRAM SUPPORT 102,500

MIDNIGHT GOLF PROGRAM

30100 TELEGRAPH
SUITE 224
BINGHAM FARMS,MI48025 		  501(C)(3) PROGRAM SUPPORT 35,000

MILE HIGH UNITED WAY

711 PARK AVE W
DENVER,CO80205 		  501(C)(3) PROGRAM SUPPORT 95,000

MSU MUSIC PROGRAM

4930 S HAGADORN RD
EAST LANSING,MI48823 		  501(C)(3) PROGRAM SUPPORT 70,000

MUSEO DE LAS AMERICAS

861 SANTE FE DR
DENVER,CO80204 		  501(C)(3) PROGRAM SUPPORT 23,000

MUSEUM OF CONTEMPORARY ART DETROIT

4454 WOODWARD AVE
DETROIT,MI48201 		  501(C)(3) PROGRAM SUPPORT 1,000

OCC FOUNDATION

2480 OPDYKE ROAD
BLOOMFIELD HILLS,MI48304 		  501(C)(3) PROGRAM SUPPORT 5,000

PLATTEFORUM

2700 ARAPHAOE ST
SUITE 102
DENVER,CO80205 		  501(C)(3) PROGRAM SUPPORT 49,500

PRODIGY APPRENTICE PROGRAM

3801 E 40TH AVE
DENVER,CO80205 		  501(C)(3) PROGRAM SUPPORT 48,000

RACQUET UP DETROIT

PO BOX 11404
DETROIT,MI48211 		  501(C)(3) PROGRAM SUPPORT 120,000

SAINTS PETER AND PAUL ORTHODOX CATH

3810 GILBERT
DETROIT,MI48210 		  501(C)(3) PROGRAM SUPPORT 1,000

SAMARITAS

8131 E JEFFERSON AVE
DETROIT,MI48214 		  501(C)(3) PROGRAM SUPPORT 50,000

SPARK VENTURES

PO BOX 641004
CHICAGO,IL60664 		  501(C)(3) PROGRAM SUPPORT 2,500

THE BRIGHAM AND WOMEN'S HOSPITAL

75 FRANCIS STREET
BOSTON,MA02115 		  501(C)(3) RESEARCH GRANT 125,000

THE CHAD TOUGH FOUNDATION

PO BOX 907
SALINE,MI48176 		  501(C)(3) PROGRAM SUPPORT 12,500

THE EMPOWERMENT PLAN

7640 KERCHEVAL AVE
DETROIT,MI48214 		  501(C)(3) PROGRAM SUPPORT 210,000

THE FRIENDSHIP CIRCLE

6892 W MAPLE ROAD
WEST BLOOMFIELD,MI48322 		  501(C)(3) GENERAL SUPPORT 25,000

THE GENERAL HOSPITAL CORP

55 FRUIT STREET
BOSTON,MA02114 		  501(C)(3) RESEARCH GRANT 125,000

THE MAKE-A-WISH FOUNDATION OF MI

7600 GRAND RIVER AVE
BRIGHTON,MI48114 		  501(C)(3) GENERAL SUPPORT 20,000

THE ROCKET GIVING FUND

303 EAST WACKER DRIVE
SUITE 2200
CHICAGO,IL60601 		  501(C)(3) PROGRAM SUPPORT 20,000

THE SOCIETY OF ST VINCET DEPAUL

3000 GRATIOT
DETROIT,MI48207 		  501(C)(3) PROGRAM SUPPORT 50,000

UNIVERSITY OF MICHIGAN

3003 SOUTH STATE ST
SUITE 9000
ANN ARBOR,MI48109 		  501(C)(3) PROGRAM SUPPORT 5,000

UNIVERSITY OF ROCHESTER

601 ELMWOOD AVE
BOX 704
ROCHESTER,NY14642 		  501(C)(3) RESEARCH GRANT 124,973

UNIVERSITY OF WASHINGTON FOUNDATION

GIFT SERVICES BOX 359505
SEATTLE,WA98195 		  501(C)(3) RESEARCH GRANT 250,000

VISION TO LEARN

12100 WILSHIRE BLVD
SUITE 1275
LOS ANGELES,CA90025 		  501(C)(3) PROGRAM SUPPORT 75,000

YPSILANTI MEALS ON WHEELS

1110 W CROSS ST
YPSILANTI,MI48197 		  501(C)(3) PROGRAM SUPPORT 50,000

ZAMAN INTERNATIONAL

26091 TROWBRIDGE ST
INKSTER,MI48141 		  501(C)(3) PROGRAM SUPPORT 28,500
Total .................................right arrow 3a 3,516,014
bApproved for future payment

ACCOUNTING AID SOCIETY
3031 W GRAND BLVD
DETROIT,MI48202 		  501(C)(3) PROGRAM SUPPORT 59,317

DENVER ART MUSEUM INC
100 W 14TH AVENUE PARKWA
DENVER,CO80204 		  501(C)(3) PROGRAM SUPPORT 60,000

FIGURE SKATING DETROIT
19120 GRAND RIVER
DETROIT,MI48223 		  501(C)(3) PROGRAM SUPPORT 25,000

FORGOTTEN HARVEST
21800 GREENFIELD RD
OAK PARK,MI48237 		  501(C)(3) PROGRAM SUPPORT 240,000

MICHIGAN HUMANE
30300 TELEGRAPH RD
SUITE 220
BINGHAM FARMS,MI48025 		  501(C)(3) PROGRAM SUPPORT 300,000

SER METRO DETROIT
9301 MICHIGAN AVE
DETROIT,MI48210 		  501(C)(3) PROGRAM SUPPORT 43,000

THE FRIENDSHIP CIRCLE
6892 W MAPLE RD
WEST BLOOMFIELD,MI48322 		  501(C)(3) ENDOWMENT 250,000
Total ................................. right arrow 3b 977,317
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 99,246  
4 Dividends and interest from securities ....     14 2,527,627  
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 .....     14 749,398  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 736,316  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aC/R GLOBAL ENERGY & POWER I 		    14 -403  
bC/R GLOBAL ENERGY & POWER I 532000 35      
cCANYON VALUE REALIZATION FU     14    
dCANYON VALUE REALIZATION FU 532000        
eCERBERUS PARTNERS     14 84,351  
fCERBERUS PARTNERS II     14 34,172  
gCERBERUS PARTNERS II 532000 -5,303      
hD&F INVESTMENTS II, LLC     16 682,278  
iD&F INVESTMENTS, LLC     16 857,548  
jERIAL JARVIS, LLC     16 -14,877  
kGLW 130     16 -2,378  
lR/C GLOBAL E&P IV CAYMAN S3     14    
mR/C GLOBAL E&P IV CAYMAN     14    
nR/C GLOBAL E&P IV     14 -627  
oR/C GLOBAL E&P IV (RW) 532000 -5      
pR/C GLOBAL E&P IV (RW)     14 -4  
qR/C GLOBAL E&P IV FT 532000 -310      
rR/C GLOBAL E&P IV FT     14    
sTRAID /SIOUX FALLS     16 47,071  
tTRAID /SIOUX FALLS 532000 29,268      
12 Subtotal. Add columns (b), (d), and (e) .. 23,685 5,799,718  
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,823,403
(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:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 4,800 1,200   3,600

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

TY 2023 DepreciationSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
OFFICE BUILDOUT   101,359 59,125   15.0000 6,757 3,379    
OFFICE FURNITURE   69,706 69,419   7.0000        
OFFICE EQUIPMENT   22,803 22,804   5.0000        

TY 2023 InvestmentsCorpStockSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Name of Stock End of Year Book Value End of Year Fair Market Value
DFIEX-DFA INTL CORE EQUITY 946,805 946,805
DFLEX-DOUBLELINE FLEXIBLE INC    
DFLVX-DFA US LARGE CAP VALUE 3,302,981 3,302,981
DFQTX-DFA US CORE EQUITY 4,681,384 4,681,384
DFSTX-DFA US SMALL CAP CL I 1,416,636 1,416,636
DFSVX-DFA US SMALL CAP 1,771,884 1,771,884
DFUSX-DFA US LARGE CO 5,550,521 5,550,521
DSEEX-DOUBLELINE SHIL ENHANCED CAPE    
DURPX-DFA US HIGH RELATIVE 2,793,335 2,793,335
DUSLX-DFA US LARGE CAP GROWHT 4,665,312 4,665,312
DFAC-DIMENSIONAL US CORE 2,157,512 2,157,512
DSEEX-DOUBLELINE SHILLER 2,369,073 2,369,073
EIFAX-EATON VANCE FLOATING 2,369,133 2,369,133
HYSZX-PGIM SHORT DURATIONS HY 1,214,489 1,214,489
IQLT-ISHARES EDGE MSCI INTL QUALITY 677,183 677,183
JEPIX-JPMORGAN EQUITY PREM 860,877 860,877
COWZ-PACER US CASH COWS 861,191 861,191
MOAT-VANECK MORNINGSTAR 3,626,781 3,626,781
PIMIX-PIMCO INCOME INSTL 2,777,538 2,777,538
PPRMX-PIMCO INFLATION RESPONSE    
PRFRX-T ROWE FLOATING RATE 2,824,475 2,824,475
PRHSX-T ROWE HEALTH SCIENCES 1,340,489 1,340,489
PRWCX-T ROWE CP APPREC INVEST 9,989,893 9,989,893
QUAL-ISHARES EDGE MSCI US QUALITY 2,263,948 2,263,948
SGIIX-FIRST EAGLE GLOBAL CL1 4,350,064 4,350,064
SRDAX-STONE RIDGE DIVERSE 1,233,809 1,233,809
TRVLX-T ROWE PRICE VALUE INVEST    
VDIGX-VANGUARD DIVIDEND GR 3,220,307 3,220,307
GLYCADIA, INC 652,440 652,440
SCHAWB-CAIS APOLLO ALIGNED 3,169,637 3,169,637
SCHAWB-CAIS APOLLO INVEST 140,280 140,280
SCHAWB-VANGUARD ST TREAS 1,489,748 1,489,748
SCHAWB-ARES PRIVATE 515,804 515,804
SCHAWB-BLACKSTONE T FUND CLASS 1 3,940,587 3,940,587
SCHWAB-PIMCO FLEX CREDIT 2,516,979 2,516,979
SCHWAB-STONE RIDGE ALT LEND 4,093,965 4,093,965
FIDELITY-CLARKSTON FOUNDERS FUND 4,262,240 4,262,240
FIDELITY-CLARKSTON PARTNERS FUND 4,171,679 4,171,679
WELLS FARGO - T BILLS 2,120,953 2,120,953

TY 2023 InvestmentsOtherSchedule2
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
C/R GLOBAL E&P FUND III FMV 3,288 3,288
CANYON VALUE REALIZATION FUND, LP FMV    
CERBERUS PARTNERS II, LP FMV 642,508 642,508
CERBERUS PARTNERS, LP FMV 310,159 310,159
D&F INVESTMENTS II, LLC FMV 20,990,323 20,990,323
D&F INVESTMENTS, LLC FMV 23,829,461 23,829,641
ERIAL-JARVIS, LLC FMV 1,006,554 1,006,554
GLW 130, LLC FMV    
R/C GLOBAL E&P FUND IV FMV 689 689
TRIAD-SIOUX FALLS PROP, LLC FMV 1,516,770 1,516,770

TY 2023 LandEtcSchedule2
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE BUILDOUT 101,359 65,884 35,475  
OFFICE FURNITURE 67,688 67,688    
OFFICE EQUIPMENT 11,161 11,161    


TY 2023 LegalFeesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 8,276 7,316   960


TY 2023 OtherAssetsSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CHARITABLE USE ASSETS (GILBERT/MCGRA 1,131,591 3,432,668 3,432,668
RIVERSTONE E&P IV      
CREDIT CARD - AMERICAN EXPRESS 1,485    


TY 2023 OtherDecreasesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description Amount
ROUNDING 5


TY 2023 OtherExpensesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
ASSOCIATION DUES 28,676 500   28,176
BANK CHARGES 2,000 2,000    
COMPUTER EXPENSES 40,714 26,300   14,414
COPIER 1,530 383   1,147
DUES AND SUBSCRIPTIONS 9,119 9,119    
DOCUMENT SHREDDING 349 87   262
INSURANCE D&O 84,440 3,927   80,513
INSURANCE WORKERS COMP 2,457 918   1,539
MEETINGS 956 478   478
OFFICE SUPPLY 5,347 3,181   2,166
PAYROLL PROCESSING 3,460 1,292   2,168
POSTAGE 590 124   466
TELEPHONE 8,858 2,377   6,481
WEBSITE 5,311 44   5,267
ELEVATOR 941     941
LAWN & SNOW 10,230     10,230


TY 2023 OtherIncomeSchedule2
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MANAGEMENT FEE INCOME 341,640 341,640 341,640
COMMISSION INCOME 405,657 405,657 405,657
BUILDING REPAIR 2,101 2,101 2,101
C/R GLOBAL ENERGY & POWER III -403 -403 -403
C/R GLOBAL ENERGY & POWER III 35   35
CERBERUS PARTNERS 84,351 84,351 84,351
CERBERUS PARTNERS II 34,172 34,172 34,172
CERBERUS PARTNERS II -5,303   -5,303
D&F INVESTMENTS II, LLC 682,278 682,278 682,278
D&F INVESTMENTS, LLC 857,548 857,548 857,548
ERIAL JARVIS, LLC -14,877 -14,877 -14,877
GLW 130 -2,378 -2,378 -2,378
R/C GLOBAL E&P IV -627 -627 -627
R/C GLOBAL E&P IV (RW) -5   -5
R/C GLOBAL E&P IV (RW) -4 -4 -4
R/C GLOBAL E&P IV FT -310   -310
TRAID /SIOUX FALLS 47,071 47,071 47,071
TRAID /SIOUX FALLS 29,268   29,268


TY 2023 OtherIncreasesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description Amount
UNREALIZED INVESTMENT GAIN 9,913,370


TY 2023 OtherProfessionalFeesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 173,104     173,104
INVEST. MANAGEMENT CRUDEN BAY 268,618 268,618    
INVEST. MANAGEMENT WELLS T-BILLS 4,485 4,485    
INVEST. MANAGEMENT CRUDEN SCHWAB 36,467 36,467    
CONTRACT SERVICES 1,825,647      


TY 2023 TaxesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MICHIGAN FILING FEE 170 120   50
PROPERTY TAX 16,992     16,992
FEDERAL TAX - 990PF 116,774