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
Winston Family Foundation
 
% Mary M Winston
Number and street (or P.O. box number if mail is not delivered to street address)40 E Adams Street STE Suite 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Jacksonville, FL32202
A Employer identification number

59-2678732
B Telephone number (see instructions)

(904) 358-7269
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$132,793,773J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,919,368 2,375,353  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 358,746
b Gross sales price for all assets on line 6a 69,123,998
7 Capital gain net income (from Part IV, line 2)... 358,746
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
378,847 99,008  
12 Total. Add lines 1 through 11........ 3,656,961 2,833,107  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 63,150     63,150
14 Other employee salaries and wages...... 451,348     451,348
15 Pension plans, employee benefits....... 69,204     69,204
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
41,845     41,845
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,500     47,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
876,333 425,418   493,846
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
74,900 37,034   24,711
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
16,411 16,411  
20 Occupancy.............. 32,176     32,176
21 Travel, conferences, and meetings....... 106,829     106,829
22 Printing and publications.......... 36     36
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
82,997     82,997
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,862,729 478,863   1,413,642
25 Contributions, gifts, grants paid....... 5,362,516 5,362,516
26 Total expenses and disbursements. Add lines 24 and 25 7,225,245 478,863   6,776,158
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,568,284
b Net investment income (if negative, enter -0-) 2,354,244
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............. 49 1,553,672 1,553,672
2 Savings and temporary cash investments......... 3,122,918 23,685,144 23,685,144
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 63,272,362 Click to see attachment
List of Attached Documents:
// Content
65,506,541 		88,175,281
c Investments—corporate bonds (attach schedule)....... 29,367,590 Click to see attachment
List of Attached Documents:
// Content
479,970 		435,644
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow19,957
Less: accumulated depreciation (attach schedule) right arrow15,999 8,536 Click to see attachment
List of Attached Documents:
// Content
3,958 		19,957
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
18,986,007 		Click to see attachment
List of Attached Documents:
// Content
20,043,023 		Click to see attachment
List of Attached Documents:
// Content
18,924,075
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 114,757,462 111,272,308 132,793,773
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
6,874 		Click to see attachment
List of Attached Documents:
// Content
27,128
23 Total liabilities (add lines 17 through 22)......... 6,874 27,128
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........ 114,750,588 111,245,180
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)..... 114,750,588 111,245,180
30 Total liabilities and net assets/fund balances (see instructions). 114,757,462 111,272,308
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
114,750,588
2
Enter amount from Part I, line 27a .....................
2
-3,568,284
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
62,878
4
Add lines 1, 2, and 3 ..........................
4
111,245,182
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
111,245,180
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 UBS 161 STCG   2023-01-01 2023-12-31
b UBS 161 LTCG   2020-01-01 2023-12-31
c UBS 042 STCG   2023-01-01 2023-12-31
d UBS 042 LTCG   2020-01-01 2023-12-31
e UBS 067 STCG   2023-01-01 2023-12-31
UBS 067 LTCG   2020-01-01 2023-12-31
UBS 072 STCG   2023-01-01 2023-12-31
UBS 072 LTCG   2020-01-01 2023-12-31
UBS 073 STCG   2023-01-01 2023-12-31
UBS 072 LTCG   2020-01-01 2023-12-31
UBS 074 LTCG   2020-01-01 2023-12-31
UBS 075 STCG   2023-01-01 2023-12-31
UBS 075 LTCG   2020-01-01 2023-12-31
UBS 077 STCG   2023-01-01 2023-12-31
UBS 077 LTCG   2020-01-01 2023-12-31
UBS 078 STCG   2023-01-01 2023-12-31
UBS 078 LTCG   2020-01-01 2023-12-31
UBS 081 STCG   2023-01-01 2023-12-31
UBS 081 LTCG   2020-01-01 2023-12-31
UBS 082 STCG   2023-01-01 2023-12-31
UBS 082 LTCG   2020-01-01 2023-12-31
UBS 084 STCG   2023-01-01 2023-12-31
UBS 084 LTCG   2020-01-01 2023-12-31
UBS 086 STCG   2023-01-01 2023-12-31
UBS 086 LTCG   2020-01-01 2023-12-31
Morgan Creek Partners II, LP   2020-01-01 2023-12-31
Third Point Ultra Ltd.   2020-01-01 2023-12-31
Morgan Creek Bric Plus Private Fund   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 7,140,920   6,989,601 -2,344
b 16,684,343   17,362,696 -679,449
c 2,458,234   2,349,289 108,975
d 2,426,799   2,822,292 -395,411
e 162,886   181,288 -18,402
575,242   614,512 -39,270
353,761   370,095 -16,334
1,018,756   1,125,551 -106,775
1,254,865   1,299,190 -37,755
760,730   799,047 -7,234
580,469   580,777 -308
3,529,994   3,568,455 -35,349
2,762,956   2,968,763 -203,027
2,489,502   2,456,420 33,082
1,947,134   2,037,009 -89,875
3,939,308   3,835,432 105,382
3,662,094   4,121,332 -453,120
1,442,315   1,428,035 14,323
1,502,527   1,683,596 -181,069
164,745   149,648 15,097
5,949,039   3,386,463 2,568,224
881,124   897,365 -16,241
909,454   988,890 -79,436
3,793,740   3,892,466 -98,726
2,693,355   2,759,210 -65,855
3,448     3,448
1     1
    63 -63
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       -2,344
b       -679,449
c       108,975
d       -395,411
e       -18,402
      -39,270
      -16,334
      -106,775
      -37,755
      -7,234
      -308
      -35,349
      -203,027
      33,082
      -89,875
      105,382
      -453,120
      14,323
      -181,069
      15,097
      2,568,224
      -16,241
      -79,436
      -98,726
      -65,855
      3,448
      1
      -63
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 2 358,746
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 51,708
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: 1987-02-03(attach copy of letter if necessary–see instructions) 1 32,724
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 32,724
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 32,724
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 48,171
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.............. Part VI Line 7 - Tax Paid with the Original Return: 48171 7 48,171
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 15,447
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow15,447 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 arrowFL
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowWinston Family Foundation Telephone no.right arrow (904) 358-7269

Located atright arrow40 E Adams Street Suite 100JacksonvilleFL ZIP+4right arrow32202
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
 
 
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
James H Winston Jr Trustee
010.00 		30,000    
40 E Adams Street Suite 100
Jacksonville,FL32202
Mary M Winston Trustee
010.00 		30,150    
40 E Adams Street Suite 100
Jacksonville,FL32202
Charles Winston Trustee
010.00 		0    
40 E Adams Street Suite 100
Jacksonville,FL32202
Franklin Beard Trustee
010.00 		0    
40 E Adams Street Suite 100
Jacksonville,FL32202
Robert WWinston Trustee
010.00 		3,000    
40 E Adams Street Suite 100
Jacksonville,FL32202
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
Sylia Obagi Executive Director
040.00 		320,837 33,328  
40 E Adams Street Suite 100
Jacksonville,FL32202
Mary Ross Office Manager
040.00 		130,515 13,550  
40 E Adams Street Suite 100
Jacksonville,FL32202
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
UBS Financial Services Investment Advisory 263,253
1000 Harbor Blvd
Weehawken,NJ07086
New Leaf Climate Partners LLC Consulting Services 150,000
105 5th Avenue Apt B
New York,NY10003
The Beard Williams Group Investment Advisory 81,497
One Independent Drive 30th Floor
Jacksonville,FL32202
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 Winston Family Initiative in Technology and Adolescent Brain Development (WiFi), which, in partnership with the University of North Carolina at Chapel Hill, established The Winston National Center on Technology Use, Brain and Psychological Development (Center), whose mission is to examine the long-term effects of technology 75,207
2 and social media use on the social and emotional development of teenagers and create tool to better inform teenages, parents, and caregivers in interactive with technology and social media. DCA expenses totaled $75,207 and are itemized as follows: 0
3 Consulting Fees - Kelly Brill ($18,375) and Paul Vandeventer ($1,000) Legal Fees - Fisher Tousey Leas & Ball ($2,250) 0
4 Public Relations & Marketing - Finn Partners ($45,500) and Scott Curtis ($5,175) Travel, Meals, Ledging and Website Hosting - various vendors (2,907) 0
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
115,807,239
b
Average of monthly cash balances.......................
1b
3,950,011
c
Fair market value of all other assets (see instructions)................
1c
14,384,672
d
Total (add lines 1a, b, and c).........................
1d
134,141,922
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
134,141,922
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,012,129
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
132,129,793
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,606,490
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
6,606,490
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
32,724
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
32,724
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,573,766
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
6,573,766
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
6,573,766
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 Click to see attachment
List of Attached Documents:
// Content
..........
1a
6,776,158
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,776,158
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 6,573,766
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 6,648,681
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$ 6,776,158
a Applied to 2022, but not more than line 2a 6,648,681
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..... 127,477
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 .......... 		6,446,289
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

CareerRise Inc

261 Joseph E Lowery Blvd NW
Atlanta,GA30314 		  PC To provide a restricted program or project grant on behalf of Frank Fernandez to CareerRise 1,000

Cathedral Arts Project

207 N Laura St Suite 300
Jacksonville,FL32202 		  PC To provide a restricted program or project grant for Cathedral Arts Project January 5,000

Children's Home Society of Florida

3027 SAN DIEGO ROAD PO BOX 5616
Jacksonville,FL32247 		  PC To provide unrestricted general operating support to fulfill their mission 5,000

Cummer Museum Foundation Inc

829 Riverside Ave
Jacksonville,FL32204 		  PC To provide unrestricted general operating support to fulfill their mission 10,000

Douglas Anderson School of the Arts Foundation

1478 Riverplace Blvd No 1606
Jacksonville,FL32207 		  PC To provide unrestricted general operating support to fulfill their mission 5,000

Duke University

Box 90581
Durham,NC27708 		  PC To provide a restricted program or project grant for Duke Childrens Fund 7,500

Episcopal School of Jacksonville Inc

4455 Atlantic Blvd
Jacksonville,FL32207 		  PC To provide a restricted program or project grant for Science and Student Life Center 250,000

Episcopal School of Jacksonville Inc

4455 Atlantic Blvd
Jacksonville,FL32207 		  PC To provide a restricted program or project grant for Capital Campaign - Science Student Life Center 50,000

Florida State College at Jacksonville Foundation Inc

501 W State Street
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 25,000

Groundwork Jacksonville

PO Box 13295
Jacksonville,FL32206 		  PC To provide a restricted program or project grant for Honorarium 1,500

Groundwork Jacksonville

PO Box 13295
Jacksonville,FL32206 		  PC To provide a restricted program or project grant for Development Capacity Building for Groundwork Jacksonville 250,000

Jacksonville Symphony Assoc

300 W Water St Ste 200
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 85,000

Jacksonville Zoological Society Inc

370 Zoo Parkway
Jacksonville,FL32218 		  PC To provide unrestricted general operating support to fulfill their mission 5,000

Junior Achievement Inc

4049 Woodcock Dr Suite 200
Jacksonville,FL32207 		  PC To provide unrestricted general operating support to fulfill their mission 5,000

Lead The Way Fund

300 Garden City Plaza Suite 149
New York,NY11530 		  PC To provide a restricted program or project grant for Ranger Support Programs 7,500

Leadership Jacksonville Inc

40 East Adams St Ste 230
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 5,000

Museum of Contemporary Art

333 N Laura St
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 5,000

Quest Community Development Organization Inc

299 Joseph E Lowery Blvd NW
Atlanta,GA30314 		  PC To provide a restricted program or project grant on behalf of Frank Fernandez to Quest Community Dev 500

Ravenscroft School

Richards Hall 7409 Falls of Neuse R
Raleigh,NC27615 		  PC To provide a restricted program or project grant for Grant for Dare To Dream 130,000

Robert and Tracy Winston Foundation

2745 Lakeview Drive
Raleigh,NC27609 		  PF To provide unrestricted general operating support to fulfill their mission 126,089

St Mark's Episcopal Church

4129 Oxford Avenue
Jacksonville,FL32210 		  PC To provide unrestricted general operating support to fulfill their mission 25,000

The Allison Brundick Haramis Foundation

2905 Corinthian Avenue Unit 2
Jacksonville,FL32210 		  PC To provide a restricted program or project grant for Angels for Allison 10,000

The Community Foundation of NE Florida

245 Riverside Ave Suite 310
Jacksonville,FL32202 		  PC To provide a restricted program or project grant for Kimmie Winston Donor Advised Fund 100,000

The Community Foundation of NE Florida

245 Riverside Ave Suite 310
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 85,000

The Lifeflight Foundation

PO Box 859
Augusta,ME04332 		  PC To provide a restricted program or project grant for Lifeflight Foundations 2023 Cross for Lifeflight event 10,000

The Nantucket Project Academy

PO Box 568
Nantucket,MA02554 		  PC To provide a restricted program or project grant for The Nantucket Project Academy - Democracy 100,000

Town Of Isleboro

PO Box 76
Isleboro,ME04848 		  GOV To provide a restricted program or project grant for Municipal Building Project 30,000

UNFOneJax

112 W Adams St 4th Floor
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 10,000

United Way of Northeast Florida

40 E Adams Street Suite 200
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 20,000

University of North Carolina at Chapel HillThe Arts & Sciences Foundation

523 E Franklin Street
Chapel Hill,NC27514 		  PC To provide a restricted program or project grant for Winston National Center on Technology Use, Brain, Psychological Development Fund 1,500,000

Virginia Episcopal School

400 VES Rd
Lynchburg,VA24503 		  PC To provide unrestricted general operating support to fulfill their mission 50,000

Westside Future Fund

PO Box 92273
Atlanta,GA30314 		  PC To provide a restricted program or project grant on behalf of Danny Shoy to Westside Fund Fund Inc 1,500

Winston Family Initiative in Tech & Adolescent Brain Development Inc

1455 Ocean Drive Apt 802
Miami Beach,FL33139 		  PF To provide unrestricted general operating support to fulfill their mission 231,042

WJCT Inc

100 Festival Park Ave
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 5,000

YMCA of Floridas First Coast

40 East Adams Street Suite 210
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 50,000

YMCA of Floridas First Coast

40 East Adams Street Suite 210
Jacksonville,FL32202 		  PC To provide a restricted program or project grant for Grant for Winston Family YMCA Building expansion 100,000

The Community Foundation of NE Florida

245 Riverside Ave Suite 310
Jacksonville,FL32202 		  PC To provide a restricted program or project grant for WInston Family Foundation Donor Advised Fund 2,050,000

Communities In Schools

532 Riverside Avenue Suite 3-OH
Jacksonville,FL32202 		  PC To provide unrestricted general operating support to fulfill their mission 5,885
Total .................................right arrow 3a 5,362,516
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 2,919,368  
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 .....     18 378,847  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 358,746  
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) ..   3,656,961  
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,656,961
(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: 23017659
Software Version: 23.1.0.0
Part VI Line 7 - Tax Paid with the Original Return: 48,171


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 47,500     47,500

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

TY 2023 DepreciationSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
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 furniture 2019-12-31 20,040 12,998 MACRS 0000000007.000000000000 160 160    
EDP equipment 2019-12-31 4,252 2,758 MACRS 0000000007.000000000000 252 252    
Leasehold/Tenant Improvements 2023-11-30 19,957   MACRS 0000000015.000000000000 15,999 15,999    

TY 2023 GeneralExplanationAttachment
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Identifier Return Reference Explanation
  EXPENDITURE RESPONSIBILITY EXPLANATION TO PART VI-B LINE 5a4 STATEMENT PURSUANT TO SECTION 53.4945-c EXPENDITURE RESPONSIBILITY EXPLANATION TO PART VI-B LINE 5a4 STATEMENT PURSUANT TO SECTION 53.4945-c -- i GRANTEE NAME/ADDRESS/EIN Robert and Tracy Winston Foundation EIN 26-0341648, 2745 Lakeview Drive, Raleigh, NC 27609 ii GRANT AMOUNT/DATE 126,089.49 11/1/2024 iii GRANT PURPOSE to provide funds for grantmaking exclusively for charitable and educational purposes within the meaning of IRC section 170c2b iv AMOUNT EXPENDED BY GRANTEE 0.00 v DATE OF GRANTEE REPORT RESULTS 9/30/2024 - No grant funds have been expended by the Grantee vi HAS GRANTEE DIVERTED FUNDS No. EXPENDITURE RESPONSIBILITY EXPLANATION TO PART VI-B LINE 5a4 STATEMENT PURSUANT TO SECTION 53.4945-c -- i GRANTEE NAME/ADDRESS/EIN Winston Family Initiative in Tech Adolescent Brain Development Inc. EIN 93-2086971, 1455 Ocean Drive, Apt. 802, Miami Beach, FL 33139 ii GRANT AMOUNT/DATE 231,042.18 8/9/2023 iii GRANT PURPOSE to provide funds for grantmaking exclusively for charitable and educational purposes within the meaning of IRC section 170c2b iv AMOUNT EXPENDED BY GRANTEE 0.00 v DATE OF GRANTEE REPORT RESULTS 9/30/2024 - No grant funds have been expended by the Grantee vi HAS GRANTEE DIVERTED FUNDS No. With respect to treating the grants set forth in items 1 and 2 above as qualified distributions, the Winston Family Foundation WFF hereby relies on and elects to apply the flow-through exemption pursuant to IRC section 4942g3. FURTHER EXPLANATION TO PART VIII, LINES 1 AND 3 -- The Winston Family Foundation WFF has engaged the investment advisory services of UBS Financial Services UBS with respect to WFFs investment assets and pays investment advisory fees to UBS in connection with the rendition of such investment advisory services. During 2023,WFF paid investment advisory fees to UBS totaling 344,751.14, of which 81,497.44 was paid to the Beard Williams Group at UBS and 263,253.70 was paid to UBS. Franklin Beard Beard, a trustee of WFF, is a principal of the Beard Williams Group and renders investment advisory services to WFF on behalf of the Beard Williams Group and UBS. Beard is compensated by the Beard Williams Group and UBS under an employment arrangement and WFF is not a party to that arrangement. The aggregate amount of investment advisory fees paid to UBS and the Beard Williams Group are disclosed herein on Line 3 of Part VII of the return. Beard is not compensated by WFF for personal services rendered to WFF as a trustee, which is disclosed herein on Line 1 of Part VII of the return.

TY 2023 InvestmentsCorpBondsSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Name of Bond End of Year Book Value End of Year Fair Market Value
Corporate Bonds 307,799 281,875
Government Securities 172,171 153,769

TY 2023 InvestmentsCorpStockSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Name of Stock End of Year Book Value End of Year Fair Market Value
Corporate Stocks 65,482,984 88,153,561
Preferred Stocks 23,557 21,720

TY 2023 LandEtcSchedule2
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Leasehold Improvements 19,957 15,999 3,958 19,957


TY 2023 LegalFeesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees re Direct Charitable Activities 2,250     2,250
Legal Fees 39,595     39,595


TY 2023 OtherAssetsSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Private Investments 1,637,060 1,808,297 3,011,871
Hedge Funds 12,858,269 13,572,367 11,372,801
Real Estate Investments 4,330,598 4,558,629 4,435,673
Artwork, sculptures, and rugs 160,080 103,730 103,730


TY 2023 OtherDecreasesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Description Amount
Rounding Adj. 2


TY 2023 OtherExpensesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
-- Website Licenses Fees 126     126
-- Honorariums 2,500     2,500
-- Books, Resources Subscriptions 154     154
-- Dues Memberships 8,365     8,365
-- Supplies 151     151
-- Fees re Registration Tickets 2,975     2,975
-- Workers Compensation Insurance Premium 1,334     1,334
-- Fee re Payroll 8,846     8,846
-- Fees re Other 9,549     9,549
-- Advances for Expenses 250     250
-- Fees re Registration Tickets 100     100
-- Honorariums 8,500     8,500
-- Dues Memberships 50     50
-- Supplies 413     413
-- Fees re Other 2,500     2,500
-- Leases Rents 1,421     1,421
-- Phone, Internet Fax 39     39
--Cell Phone Equipment 2,465     2,465
-- Contract Labor 1,165     1,165
-- Appreciation Recognition 1,427     1,427
-- Misc. Small Equipment 1,781     1,781
-- Advertising Marketing 120     120
-- Software Licenses Fees 5,792     5,792
-- Website Licenses Fees 44     44
-- Publications Subscriptions 1,170     1,170
-- Dues Memberships 2,380     2,380
-- Postage Shipping 944     944
-- Supplies 1,276     1,276
-- Insurance for Directors, Officers Trustees 1,546     1,546
-- Fees re Other 1,966     1,966
-- Phone, Internet Fax 2,069     2,069
-- Miscellaneous 4,682     4,682
-- Property/Casualty Umbrella Insurance 2,235     2,235
-- Misc. Small Equipment 467     467
-- Software Licenses Fees 3,321     3,321
-- Website Licensing Fees 45     45
-- Phone, Internet Fax 599     599
-- Misc. Small Equipment 59     59
-- Supplies 6     6
-- Utilities Waste Management 165     165


TY 2023 OtherIncomeSchedule2
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Ridgewood Energy T Fund, LLC 1,337 960  
Morgan Creek Partners II, LP 6,000 245  
Morgan Creek Bric Plus Private Fund, Ltd. 3,612    
Merchants Plaza at Ponte Vedra, LLLP 83,736 97,178  
Trumbull Property Growth Income Fund LP 24,537    
Miscellaneous Other Income 30,099 625  
Third Point 589    
Nondividend DIstributions 228,937    


TY 2023 OtherIncreasesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Description Amount
Adj. re In-Kind donation of artwork and other tangible property 62,878


TY 2023 OtherLiabilitiesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Description Beginning of Year - Book Value End of Year - Book Value
Credit card and similar balances 6,874 27,128


TY 2023 OtherProfessionalFeesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Consulting, Management Training re DCA 19,375     19,375
Consulting, Management Training re Programs General 88,392     88,392
Consulting, Management Training re Programs Strategy Initiatives 205,490     205,490
Consulting, Management Training re Programs Staff Development Admin 10,000     10,000
Consulting, Management Training re Programs Governance 17,900     17,900
Consulting, Management Training re Programs Administration 45,780     45,780
Consulting, Management Training re Programs Information Technology 2,400     2,400
Creative Services Graphic Arts re DCA Programs 5,175     5,175
Communication Marketing re DCA and Programs 45,500     45,500
Event Planning Management Governance 5,600     5,600
Information Technology General 33,652     33,652
Information Technology Facilities 590     590
UBS Investment Advisory Fees 263,254 249,262   13,992
UBS Investment Advisory Fees Beard 81,497 81,497    
Non-UBS Investment Advisory Fees 42,304 42,304    
UBS ADR Fees 9,424 9,424    
Portfolio Expenses from Sch. K-1   42,931    


TY 2023 TaxesSchedule
Name:
Winston Family Foundation
EIN:
59-2678732
Software ID:
23017659
Software Version:
23.1.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Employers Social Security Taxes Payroll 17,642     17,642
Employers Medicare Taxes Payroll 6,476     6,476
Employers State Reemployment Taxes Payroll 593     593
Net Investment Income Excise Tax Paid in 2023 12,500      
Unrelated Business Taxable Income Paid in 2023 500      
2021 Estimated Tax Penalty 155      
Foreign Tax Paid UBS Investments 37,034 37,034