TY 2023 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	23	23
4	Dividends and interest from securities...	4,220,852	4,220,852
5a	Gross rents............	7	7
b	Net rental income or (loss) -115,315
6a	Net gain or (loss) from sale of assets not on line 10		9,343,179
b	Gross sales price for all assets on line 6a 109,505,002
7	Capital gain net income (from Part IV, line 2)...		9,343,179
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).......	List of Attached Documents: // Content	168,677	73,241
12	Total. Add lines 1 through 11........	13,732,738	13,637,302
	13	Compensation of officers, directors, trustees, etc.	414,577	9,904		404,673
14	Other employee salaries and wages......	270,347	1,298		269,049
15	Pension plans, employee benefits.......	246,783	4,390		242,394
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	7,180	7,180
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	152,770	152,770
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	749,996	748,071		1,925
17	Interest...............	7,900	7,900
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	220,192	84,221
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	26,900	26,900
20	Occupancy..............	120,865	30,216		90,648
21	Travel, conferences, and meetings.......	42,315	1,384		40,931
22	Printing and publications..........	8,419			8,419
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	841,805	783,239		58,566
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	3,110,049	1,857,473		1,116,605
25	Contributions, gifts, grants paid.......	8,791,812			8,791,812
26	Total expenses and disbursements. Add lines 24 and 25	11,901,861	1,857,473		9,908,417
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,830,877
b	Net investment income (if negative, enter -0-)		11,779,829
c	Adjusted net income (if negative, enter -0-)...

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	7,850,021	6,822,870	6,822,869
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	33,627,920	List of Attached Documents: // Content 30,604,384	26,467,955
	b	Investments—corporate stock (attach schedule).......	100,580,515	List of Attached Documents: // Content 103,878,304	133,009,707
	c	Investments—corporate bonds (attach schedule).......	14,547,528	List of Attached Documents: // Content 16,176,326	14,891,056
	11	Investments—land, buildings, and equipment: basis 283,022
		Less: accumulated depreciation (attach schedule) 263,686	26,594	List of Attached Documents: // Content 19,336	675,000
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	12,225,468	List of Attached Documents: // Content 13,188,657	22,789,150
	14	Land, buildings, and equipment: basis 94,417
		Less: accumulated depreciation (attach schedule) 92,750		List of Attached Documents: // Content 1,667	1,667
	15	Other assets (describe )	List of Attached Documents: // Content 1
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	168,858,047	170,691,544	204,657,404
	17	Accounts payable and accrued expenses..........	10,178	12,798
	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 )
	23	Total liabilities (add lines 17 through 22).........	10,178	12,798
		Foundations that follow FASB ASC 958, check here
		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
		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	38,113,446	38,113,446
	28	Retained earnings, accumulated income, endowment, or other funds	130,734,423	132,565,300
	29	Total net assets or fund balances (see instructions).....	168,847,869	170,678,746
	30	Total liabilities and net assets/fund balances (see instructions).	168,858,047	170,691,544

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PUBLICLY TRADED SECURITIES	P
b	CARDINAL ETHANOL K-1	P	2020-01-01	2023-01-01
c	TIFF 2005 FUND K-1 ST	P	2023-01-31	2023-12-31
d	TIFF 2005 FUND K-1 LT	P	2015-01-01	2023-12-31
e	TIFF 2006 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2006 FUND K-1 LT	P	2016-01-01	2023-12-31
	TIFF 2006 FUND K-1 LT SEC 1231	P	2016-01-01	2023-12-31
	TIFF 2007 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2007 FUND K-1 LT	P	2017-01-01	2023-12-31
	TIFF 2007 FUND K-1 LT SEC 1231	P	2017-01-01	2023-12-31
	TIFF 2008 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2008 FUND K-1 LT	P	2018-01-01	2023-12-31
	TIFF 2008 FUND K-1 LT SEC 1231	P	2018-01-01	2023-12-31
	TIFF 2009 FUND K-1 LT SEC 1231	P	2019-01-01	2023-12-31
	TIFF 2010 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2010 FUND K-1 LT	P	2010-01-01	2023-12-31
	TIFF 2010 FUND K-1 LT SEC 1231	P	2010-01-01	2023-12-31
	TIFF 2015 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2015 FUND K-1 LT	P	2015-01-01	2023-12-31
	TIFF 2015 FUND K-1 LT SEC 1231	P	2015-01-01	2023-12-31
	TIFF 2016 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2016 FUND K-1 LT	P	2016-01-01	2023-12-31
	TIFF 2016 FUND K-1 LT SEC 1231	P	2016-01-01	2023-12-31
	TIFF 2017 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2017 FUND K-1 LT	P	2017-01-01	2023-12-31
	TIFF 2017 FUND K-1 LT SEC 1231	P	2017-01-01	2023-12-31
	TIFF 2018 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2018 FUND K-1 LT	P	2018-01-01	2023-12-31
	TIFF 2018 FUND K-1 LT SEC 1231	P	2018-01-01	2023-12-31
	TIFF 2019 FUND K-1 LT	P	2023-01-31	2023-12-31
	TIFF 2019 FUND K-1 LT	P	2019-01-01	2023-12-31
	TIFF 2019 FUND K-1 LT SEC 1231	P	2019-01-01	2023-12-31
	TIFF 2020 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2020 FUND K-1 LT	P	2020-01-01	2023-12-31
	TIFF 2021 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2021 FUND K-1 LT	P	2021-01-01	2023-12-31
	TIFF 2021 FUND K-1 LT Sec 1231	P	2021-01-01	2023-12-31
	TIFF 2022 FUND K-1 ST	P	2023-01-31	2023-12-31
	TIFF 2022 FUND K-1 LT	P	2022-01-01	2023-12-31
	COMMONFUND GPE 2014 K-1 ST	P	2023-01-31	2023-12-31
	COMMONFUND GPE 2014 K-1 LT	P	2020-01-01	2023-12-31
	COMMONFUND GPE 2014 K-1 LT SEC 1231	P	2020-01-01	2023-12-31
	COMMONFUND GPE II K-1 ST	P	2023-01-31	2023-12-31
	COMMONFUND GPE II K-1 LT	P	2020-01-01	2023-12-31
	COMMONFUND GPE II K-1 LT SEC 1231	P	2020-01-01	2023-12-31
	COMMONFUND GPE PARTNERS III ST	P	2023-01-31	2023-12-31
	COMMONFUND GPE PARTNERS III LT	P	2022-01-01	2023-12-31
	COMMONFUND GPE PARTNERS III LT SEC 1231	P	2022-01-01	2023-12-31
	COMMONFUND CAPITAL VENTURE XII ST	P	2023-01-31	2023-12-31
	COMMONFUND CAPITAL VENTURE XII T	P	2022-01-01	2023-12-31
	COMMONFUND GPE IV ST	P	2023-01-31	2023-12-31
	COMMONFUND GPE IV LT	P	2022-12-01	2023-12-31
	COMMONFUND GPE IV LT SEC 1231	P	2022-12-01	2023-12-31
	BRANZAN ALT INVEST FUND ST	P	2023-01-31	2023-12-31
	BRANZAN ALT INVEST FUND LT	P	2022-01-01	2023-12-31
	BRANZAN ALT INVEST FUND LT SEC 1231	P	2022-01-01	2023-12-31

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	9,343,179
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 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	163,740
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	163,740
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	163,740
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	188,556
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	188,556
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	24,816
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax24,816	Refunded	11

(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
NANCY B KEILTY	Director 1.00	0
PO BOX 1408 MUNCIE,IN47308
JAMES A FISHER	Chair/Director 4.00	0
PO BOX 1408 MUNCIE,IN47308
ELIZABETH M BRACKEN	Director 1.00	0
PO BOX 1408 MUNCIE,IN47308
JUDITH F OETINGER	Director 1.00	0
PO BOX 1408 MUNCIE,IN47308
JEFFREY C BIRD	Director 1.00	0
PO BOX 1408 MUNCIE,IN47308
WILLIAM M BRACKEN	Director 1.00	0
PO BOX 1408 MUNCIE,IN47308
STEPHANIE C DUCKMANN	Director 1.00	0
PO BOX 1408 MUNCIE,IN47308
TERRY L WALKER	Secretary/Dir 1.00	0
PO BOX 1408 MUNCIE,IN47308
SCOTT E SCHOCKLEY	Ast Sec&A Treas 1.00	0
PO BOX 1408 MUNCIE,IN47308
MICHAEL J FISHER	President/CEO 40.00	279,769	88,138	2,112
PO BOX 1408 MUNCIE,IN47308
TERRI E MATCHETT	Director 1.00	0
PO BOX 1408 MUNCIE,IN47308
STACY J MCHENRY	Director 1.00	0
PO BOX 1408 MUNCIE,IN47308
JENNA L WACHTMANN	Vice President 40.00	134,808	37,524
PO BOX 1408 MUNCIE,IN47308
FRANK B PETTY	Vice Chair/Dir 4.00	0
PO BOX 1408 MUNCIE,IN47308
CHARLES F BALL	Director 1.00	0
PO BOX 1408 MUNCIE,IN47308
EDMUND F PETTY JR	Treasurer 6.00	0
PO BOX 1408 MUNCIE,IN47308


OLD NATIONAL WEALTH MANAGEMENT	INVESTMENTS MANAGEMENT	657,077
320 S HIGH ST MUNCIE,IN47305
PRIDEMARK CONSTRUCTION	GENERAL CONTRACTOR	56,607
PO BOX 951 MUNCIE,IN47308
BALL ASSOCIATES	PROFESSIONAL SERVICES	152,770
PO BOX 1408 MUNCIE,IN47308

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
COLLEGE MENTORS FOR KIDS 212 W 10TH ST SUITE B260 INDIANAPOLIS,IN46202	N/A	PC	MUNCIE MENTOR PROGRAM AT BALL STATE UNIVERSITY	5,000
DELAWARE ADVANCEMENT CORP 401 S HIGH STREET MUNCIE,IN47305	N/A	PC	ECI READI 2.0	5,000
DELAWARE COUNTY SOIL & WATER 3641 N BRIARWOOD LANE MUNCIE,IN47304	N/A	GOV	UPPER WHITE RIVER WATERSHED MANAGEMENT PLAN; WHITE RIVER BRANDING PHASE 2	30,000
CARDINAL GREENWAY INC 700 E WYSOR STREET MUNCIE,IN47305	N/A	PC	OPERATING SUPPORT; CLOSING THE CARDINAL GREENWAY GAP PHASE I	325,000
ECI REGIONAL PARTNERSHIP INC PO BOX 1912 MUNCIE,IN47308	N/A	PC	2024 SUPPORT; FELLOWS PROGRAM & ECI READI GRANT COMMUNICATIONS SUPPORT	120,000
INDIANA YOUTH INSTITUTE 603 E WASHINGTON ST STE 800 INDIANAPOLIS,IN46204	N/A	SO I	ENHANCING ORGANIZATIONAL CAPACITY	50,000
MINNETRISTA CULTURAL FND 1200 N MINNETRISTA PKWY MUNCIE,IN47303	N/A	SO I	GENERAL OPERATIONS & CAPITAL SUPPORT	2,775,000
YMCA OF MUNCIE 500 S MULBERRY ST MUNCIE,IN47305	N/A	PC	CAPITAL CAMPAIGN FOR NEW FACILITY; MITCHELL ORGANIZATIONAL SUPPORT; ONPRINCIPLE ADAPTIVE LEADERSHIP EXPERIENCE	810,000
HUFFER MEMORIAL CHILDRENS CENTER 2000 N ELGIN STREET MUNCIE,IN47302	N/A	PC	ORGANIZATIONAL SUPPORT; HEALTH & SAFETY	10,000
SECOND HARVEST FOODBANK EAST CENTRAL IN 6621 N OLD SR 3 MUNCIE,IN47303	N/A	PC	NEIGHBORHOOD & HOME DELIVERY FOOD ASSISTANCE	20,000
COMMUNITY FOUNDATION OF MUNCIE & DE PO BOX 807 MUNCIE,IN47308	N/A	PC	FUNDERS FORUM COLLABORATIVE	5,000
UNITED DAY CARE CENTER OF DE COUNTY 312 S VINE ST MUNCIE,IN47302	N/A	PC	ORGANIZATIONAL SUPPORT; REPLACE HEATING/COOLING UNIT	10,000
YOUTH OPPORTUNITY CENTER INC 3700 W KILGORE AVE MUNCIE,IN47304	N/A	PC	DAY SCHOOL	75,000
CORNERSTONE CENTER FOR THE ARTS 520 E MAIN STREET MUNCIE,IN47305	N/A	PC	CORNERSTONE CENTER FOR THE ARTS INSIDE & OUT; FORGING A FUTURE; ENSURING CAMPUS IS SAFE	135,000
MUNCIE CIVIC THEATRE 216 E MAIN STREET MUNCIE,IN47305	N/A	PC	OPERATING EXPENSES & RIGGING SYSTEM UPGRADE PROJECT	130,000
RED TAIL CONSERVANCY PO BOX 8 MUNCIE,IN47308	N/A	PC	PROTECTING HABITATS, INSPIRING WONDER & CONNECTING OUR WATERWAYS	80,000
MUNCIE INNOVATION CONNECTOR 1208 W WHITE RIVER BLVD MUNCIE,IN47303	N/A	PC	OPERATIONAL SUPPORT & XTERN MUNCIE	55,000
WHITELEY COMMUNITY COUNCIL PO BOX 665 MUNCIE,IN47308	N/A	PC	SUMMER COLLEGE TOURS	5,000
HILLCROFT SERVICES INC 114 EAST STREETER AVE MUNCIE,IN47303	N/A	PC	AWARENESS & RECOGNIZE CAMPAIGN CONTINUED	5,000
INDEPENDENT COLLEGES OF INDIANA INC 3135 N MERIDIAN ST INDIANAPOLIS,IN46208	N/A	SO I	BALL VENTURE FUND	100,000
INSIDE OUT CDC 300 NORTH MADISON MUNCIE,IN47305	N/A	PC	ENHANCING ORGANIZATIONAL CAPACITY	50,000
MOTIVATE OUR MINDS 2023 E HIGHLAND MUNCIE,IN47303	N/A	PC	OUT OF SCHOOL ENRICHMENT PROGRAM & SUMMER CAMP SUPPORT	51,500
MUNCIE DOWNTOWN DEVELOPMENT PARTNERSHIP 111 E ADAMS ST MUNCIE,IN47305	N/A	PC	DWNTWN MOMENTUM & MUNCIE THREE TRAILS MUSIC SERIES	45,000
MUSIC FOR ALL INC 39 W JACKSON PL SUITE 150 INDIANAPOLIS,IN46225	N/A	PC	SUMMER SYMPOSIUM	30,000
BALL STATE UNIVERSITY FOUNDATION 2800 BETHEL AVE MUNCIE,IN47304	N/A	PC	FLIGHT PATH FUND	250,000
AMERICAN RED CROSS-GREATER INDIANAP 1510 N MEREDIAN ST INDIANAPOLIS,IN46202	N/A	PC	INDIANA & CALIFORNIA STORMS & DISASTER RESPONSES	15,000
BALL STATE UNIVERSITY 2000 W UNIVERSITY AVE MUNCIE,IN47306	N/A	PC	LONGFELLOW SCHOOL FAMILY/SCHOOL/ COMMUNITY	60,000
BALL STATE UNIVERSITY 2000 W UNIVERSITY AVE MUNCIE,IN47306	N/A	PC	EXCELLENCE IN TEACHING AWARDS; BLUESFEST EVENT SUPPORT & TRANSATLANTIC STORYTELLNG 2024	13,000
DELAWARE COUNTY SHERIFF'S OFFICE 100 W WASHINGTON MUNCIE,IN47305	N/A	GOV	PROJECT SYBERTOOTH & PROJECT DRONE	30,000
HEALTHY COMMUNITIES OF HENRY COUNTY 100 S MAIN STREET NEW CASTLE,IN47362	N/A	PC	WILBUR WRIGHT TRAIL PHASE 3	35,000
IVY TECH FOUNDATION 50 W FALL CREEK PKWY N DR INDIANAPOLIS,IN46208	N/A	PC	OPTIMUS PRIMARY - HENRY CO NURSING APPRENTICESHIP; EARLY CHILDHOOD LEARNING CENTER	80,000
MUNCIE ACTION PLAN 720 E 2ND STREET MUNCIE,IN47305	N/A	PC	MUNCIE ACTION PLAN 2023-24	15,000
MUNCIE COMMUNITY SCHOOLS 2500 N ELGIN ST MUNCIE,IN47303	N/A	PC	PREK-12 INNOVATION & ENHANCEMENT FUNDING & EXCELLENCE IN TEACHING AWARD	477,500
MUNCIE POLICE DEPARTMENT 300 N HIGH STREET MUNCIE,IN47305	N/A	GOV	MPD CYBERLAB - PROJECT SYBERTOOTH; FIRE SAFETY & PROTECTION MPD SERVICE CALLS	30,000
PROJECT LEADERSHIP 118 W 25TH MARION,IN46953	N/A	PC	COLLEGE & CAREER CONNECTIONS; DELAWARE CO COMPREHENSIVE COUNSELING COALITION & BLACKFORD COUNTY COLLEGE & CAREER SERVICES	380,000
JAMES WHITCOMB RILEY MEMORIAL ASSOC 30 S MERIDIAN INDIANAPOLIS,IN46204	N/A	PC	ACCELERATING TYPE I DIABETES DISCOVERIES USING STELARIS 5 MICROSCOPE	100,000
ROSS COMMUNITY CENTER INC 1110 W 10TH MUNCIE,IN47307	N/A	PC	OPERATING SUPPORT	95,000
BALL STATE UNIVERSITY 2000 W UNIVERSITY AVE MUNCIE,IN47306	N/A	PC	PROJECT SYBERTOOTH	25,000
BALL STATE UNIVERSITY 2000 W UNIVERSITY AVE MUNCIE,IN47306	N/A	PC	THE HEALTHY LIFESTYLE CENTER & MANAGING HOUSING FOR IUSM-M STUDENTS; SUPPORTING OUR COMMUNITY NURSE PRACTITIONER STUDENTS' CLINICAL PLACEMENT	80,000
MUNCIE PUBLIC LIBRARY 2005 S HIGH ST MUNCIE,IN47305	N/A	PC	STAGE FOR MUSIC/EVENT SERIES AT MPL	4,365
COWAN COMMUNITY SCHOOLS 9401 S NOTTINGHAM MUNCIE,IN47302	N/A	PC	BOOK VENDING MACHINE	5,000
MUNCIE ARTS AND CULTURAL COUNCIL 520 E MAIN ST MUNCIE,IN47305	N/A	PC	OPERATIONS & CAPACITY BUILDING; STRATEGIC PLANNING CONSULTANT	30,000
YWCA CENTRAL INDIANA 310 E CHARLES ST MUNCIE,IN47305	N/A	PC	EMERGENCY SHELTER & COTS STAY PROGRAM	40,000
LIBERTY-PERRY COMMUNITY SCHOOL CORP 105 S CR 650 E PO BOX 337 SELMA,IN47383	N/A	PC	BRAVE BOTS TAKE ON WORLDS	4,500
DALEVILLE COMMUNITY SCHOOLS 14300 W 2ND ST DALEVILLE,IN47334	N/A	PC	RED APPLE BARN NATURE CENTER & RESTROOMS	51,500
MASTERWORKS CHORALE INC 520 E MAIN ST MUNCIE,IN47305	N/A	PC	STRATEGIC PLANNING	4,000
TEENWORKS PO BOX 40177 INDIANAPOLIS,IN46240	N/A	SO I	SUMMER EMPLOYMENT PROGRAM	50,000
INDIANA PHILANTHROPY ALLIANCE 32 E WASHINGTON ST SUITE 1100 INDIANAPOLIS,IN46204	N/A	PC	LEGISLATIVE ROUNDTABLES; STATEWIDE SUPPORT	20,000
BALL STATE UNIVERSITY FOUNDATION 2800 W BETHEL AVE MUNCIE,IN47304	N/A	PC	BALL STATE LILLY ENDOWMENT COLLEGE & COMMUNITY COLLABORATION	5,000
BALL STATE UNIVERSITY 2000 W UNIVERSITY AVE MUNCIE,IN47306	N/A	PC	O.W.L.ONWARD WITH LEARNING BURRIS LABORATORY SCHOOL - PHASE IX K-12 INNOVATION & ENHANCEMENT SUPPORT	200,000
ecoREHAB OF MUNCIE INC PO BOX 137 MUNCIE,IN47308	N/A	PF	SUPPORTING STAFF & STUDIO SPACE	85,000
THE NATURE CONSERVANCY 620 E OHIO ST INDIANAPOLIS,IN46202	N/A	PC	WATER QUALITY IMPROVEMENTS - UPPER WHITE RIVER WATERSHED	50,000
YOUTH SYMPHONY ORCHESTRAS OF ECI PO BOX 1463 MUNCIE,IN47308	N/A	PC	SUMMER STRINGS CAMP AT ROSS CENTER	5,000
BOYS & GIRLS CLUB OF MUNCIE 1710 S MADISON ST MUNCIE,IN47302	N/A	PC	OPERATING SUPPORT & EXPANSION; FISHER GOVERNANCE AWARD & MIDWEST CONFERENCE	190,000
MUNCIE SPORTS COMMISSION INC 3700 S MADISON ST MUNCIE,IN47302	N/A	PC	ICE LEAGUE & MSC OPERATIONS; FIELDHOUSE CLASSIC - HIGH SCHOOL BASKETBALL INVITATIONAL	80,000
WES-DEL COMMUNITY SCHOOLS 10290 N CR 600 W GASTON,IN47342	N/A	PC	STEM LAB & ELEMENTARY ROBOTICS IMPROVEMENT INITIATIVE	30,000
INDIANA HUMANITIES 1500 N DELAWARE ST INDIANAPOLIS,IN46202	N/A	PC	NATIONAL HUMANITIES CONFERENCE; UNEARTHED MUNCIE PROGRAMMING	10,000
MERIDIAN HEALTH SERVICES 240 N TILLOTSON MUNCIE,IN47304	N/A	PC	FLU-LAPALOOZA, OPTIMUS PRIMARY: PSYCHIATRY INTERNSHIP PROGRAM	40,000
GREATER MUNCIE IN HABITAT FOR HUMANITY PO BOX 1119 MUNCIE,IN47308	N/A	PC	HOUSING IMPACT	200,000
CHRISTIAN MINISTRIES OF DELAWARE CO 401 E MAIN ST MUNCIE,IN47305	N/A	PC	AC UNIT REPAIR	3,645
DESTINY CHRISTIAN ACADEMY-YORKTOWN INC 1699 S PILGRIM BLVD YORKTOWN,IN47396	N/A	PC	ORGANIZATIONAL SUPPORT	5,000
MUNCIE LAND BANK INC 2000 W UNIVERSITY AB 327 MUNCIE,IN47306	N/A	PC	BLOCK BY BLOCK DEVELOPMENT - LAND ASSEMBLAGE OLD WEST END; COMMUNITY ORGANIZER -SUPPORT FOR BALL STATE GRADUATE ASSISTANT; FELLOWS PROGRAM	90,000
URBAN LIGHT CDC PO BOX 3185 MUNCIE,IN47307	N/A	PC	GENERAL OPERATING SUPPORT & COMMUNITY DEVELOPMENT TRAINING	15,000
THE ARC OF INDIANA 143 W MARKET ST STE 200 INDIANAPOLIS,IN46204	N/A	PC	ERSKINE GREEN TRAINING INSTITUTE	50,000
ECI REGIONAL PLANNING DISTRICT 1208 W WHITE RIVER BLVD STE 112 MUNCIE,IN47303	N/A	PC	GRANT WRITING EXPANSION	30,000
INSPIRE ACADEMY 2801 E 16TH ST MUNCIE,IN47302	N/A	PC	AIR HANDLER MOTOR REPLACEMENT	4,800
INDIANA UNIVERSITY FOUNDATION 301 UNIVERSITY BLVD RM 1031 INDIANAPOLIS,IN46202	N/A	PC	OPTIMUS PRIMARY: ENHANCING PHYSICIAN TRAINING & IMPROVING COMMUNITY HEALTH	50,000
MIDDLETOWN PARKS BOARD 653 LOCUST ST MIDDLETOWN,IN47356	N/A	GOV	NATIONAL PARK CONFERENCE & EDUCATION SEMINARS	5,000
ACADEMY OF MODEL AERONAUTICS 5161 E MEMORIAL DR MUNCIE,IN47302	N/A	PC	AVIATE STEM & LIFT YOUR COMMUNITY	38,620
ALBANY-DELAWARE TOWNSHIP FIRE 214 E STATE ST ALBANY,IN47320	N/A	GOV	WATER RESCUE PROJECT	4,500
DELAWARE CO OFFICE OF INFORMATION 210 S JEFFERSON ST MUNCIE,IN47305	N/A	GOV	SOLAR ECLIPSE 2024	5,000
EATON POLICE DEPARTMENT 211 W HARRIS ST EATON,IN47338	N/A	GOV	EQUIPMENT UPGRADES & NEW BODY CAMS FOR OFFICERS	10,000
IU HEALTH FOUNDATION 1633 N CAPITAL AVE STE 1200 INDIANAPOLIS,IN46202	N/A	SO I	EXPAND CONGREGATIONAL CARE TO DELAWARE CO & RETAIN HEALTHCARE TALENT ECI	25,000
LITTLE RED DOOR CANCER AGENCY 2311 W JACKSON ST MUNCIE,IN47303	N/A	PC	MUNCIE OFFICE TRANSITION	5,000
MUNCIE DELAWARE CO SENIOR CITIZENS 2517 W 8TH ST MUNCIE,IN47302	N/A	PC	URGENT REPAIRS	20,000
MUNCIE FIRE DEPARTMENT 300 N HIGH ST MUNCIE,IN47305	N/A	GOV	INSPECTION & INVESTIGATION COMMUNICATION UPGRADE; SEARCH & RESCUE DRONE	10,000
OPEN DOOR HEALTH SERVICES 333 S MADISON ST MUNCIE,IN47305	N/A	PC	8TWELVE COALITION - BACKBONE ORGANIZATIONAL SUPPORT; SKILLS LAB - OPTIMUS PRIAMRY; NO COST FLU SHOT EVENTS	80,000
ST MARY PARISH 2300 W JACKSON ST MUNCIE,IN47303	N/A	PC	AFTER SCHOOL ACTIVITIES EXPANSION	4,000
TAYLOR UNIVERSITY 236 W READE AVENUE UPLAND,IN46989	N/A	PC	PSYCHOMOTOR SKILL DEVELOPMENT NURSING STUDENTS; CANOE LAUNCH REQUIRED MITIGATION; ECI READI 2.0 & LILLY C3	40,000
BLACKFORD COUNTY SWCD PO BOX 766 HARTFORD CITY,IN47348	N/A	PC	FIRST STEPS & INVASIVE PROGRAMS	5,000
BROTHERS 2 BROTHERS UNITED INC 306 E 5TH ST MUNCIE,IN47302	N/A	PC	AT-RISK YOUTH COMMUNITY MENTORING CENTER & BUILDING REFURBISHMENT	10,000
CAREY SERVICES INC 2724 S CAREY ST MARION,IN46953	NA	PC	GREENHOUSE FOR INCLUSIVE GARDENING TRAINING	5,000
EATON VOLUNTEER FIRE DEPARTMENT 602 E HARRIS ST EATON,IN47338	N/A	GOV	GAS DETECTION EQUIPMENT	2,600
PRECIOUS HEARTS DEVELOPMENT CENTER 801 N GAVIN ST MUNCIE,IN47303	N/A	PC	ORGANIZATIONAL SUPPORT	5,000
THE WHITE RIVER ALLIANCE 1052 WOODLAWN AVE INDIANAPOLIS,IN46203	N/A	PC	THE WHITE RIVER WATERSHED REPORT CARD OUTREACH & IMPLEMENTATION; 2ND ANNUAL RIVER CANOE RACES	25,000
ARTS PLACE INC 131 E WALNUT ST PORTLAND,IN47371	N/A	PC	STRUCTURAL ASSESSMENT	4,500
DELAWARE CO EMERGENCY COMMUNICATION 210 S JEFFERSON ST MUNCIE,IN47305	N/A	GOV	DISPATCH EDUCATION; AUTOMATED EXTERNAL DEFIBRILLATOR; HAZMAT TRAINING CONFERENCE; SOLAR ECLIPSE 2024	18,500
DELAWARE COUNTY PROSECUTOR'S OFFICE 3100 S TILLOTSON AVE MUNCIE,IN47302	N/A	GOV	DELAWARE COUNTY HIGH-TECH CRIME UNIT EXPANSION	55,000
HEART OF INDIANA UNITED WAY PO BOX 968 MUNCIE,IN47308	N/A	PC	CAMPAIGN MATCHING GRANT	75,000
ORCHESTRA INDIANA PO BOX 1236 MUNCIE,IN47308	N/A	PC	GENERAL OPERATING SUPPORT; DIGITAL MARKETING CAMPAIGN	45,000
RECOVERY CAFE' MUNCIE 201 E CHARLES ST MUNCIE,IN47305	N/A	PC	FUNDRAISER EVENT MARKETING & TRAINING; OPERATION SUPPORT	7,500
ALBANY POLICE DEPARTMENT 212 E STATE STREET ALBANY,IN47320	N/A	GOV	K9 PROGRAM INITIATION	5,000
BLACKFORD CO ECONOMIC DEVELOPMENT 121 N HIGH ST HARTFORD CITY,IN47348	N/A	NC	ECI READI 2.0 GRANT PARTNERSHIP ASSISTANCE	5,000
MUNCIE BY5 108 S WALNUT ST MUNCIE,IN47305	N/A	PC	OPERATING EXPENSES & MINI GRANTS	55,000
CITY OF UNION CITY 115 N COLUMBIA ST UNION CITY,IN47390	N/A	GOV	VISON CORNER SUPPORT	10,000
CITY OF MUNCIE 300 N HIGH ST MUNCIE,IN47305	N/A	GOV	PARKS & RECREATION DEPARTMENT SUPPLIES FOR RECREATION PROGRAMS	45,000
EATON POLICE RESERVES 600 E HARRIS ST EATON,IN47388	N/A	PC	BLEEDING CONTROL KITS	2,700
ECONOMIC DEVELOPMENT CORP OF WAYNE PO BOX 1919 RICHMOND,IN47375	N/A	PC	ECI READI 2.0 PARTNERSHIP ASSISTANCE	5,000
FAYETTE COUNTY INDUSTRIAL DEVELOPME 721 W 21ST ST CONNERSVILLE,IN47331	N/A	PC	READI 2.0 PLANNING SUPPORT	5,000
GRANT CO ECONOMIC GROWTH COUNCIL 301 S ADAMS ST MARION,IN46952	N/A	PC	READI 2.0	5,000
HISTORIC LANDMARKS FOUNDATION OF IN 1201 CENTRAL AVE INDIANAPOLIS,IN46202	N/A	PC	PERSERVING HISTORIC PLACES CONFERENCE	5,000
HOOSIER SHAKES INC 811 BRIARWOOD MARION,IN46952	N/A	PC	HOOSIER SHAKESPEARE FESTIVAL SUMMER SEASON	2,500
HOPEWELL CENTER INC PO BOX 3150 ANDERSON,IN46018	N/A	PC	CPR MANIKIN NEEDS	3,960
INDIANA WESLEYAN UNIVERSITY 4201 S WASHINGTON ST MARION,IN46953	N/A	PC	GETTING READY FOR READI 2.0	5,000
JAY COUNTY DEVELOPMENT CORPORATION 118 S MERIDIAN ST PORTLAND,IN47371	N/A	NC	ECI READI 2.0 GRANT PARTNERSHIP ASSISTANCE	5,000
LIGHTRIDER INC 168 S SECOND ST UPLAND,IN46989	N/A	PC	THE RED BARN POTTERY ROOM	1,900
MONROE CENTRAL SCHOOL CORPORATION 1918 N 1000 W PARKER CITY,IN47368	N/A	PC	MONROE CENTRAL CUB ACADEMY - PRESCHOOL	5,000
MUNCIE LIGHT HORSE CLUB PO BOX 744 MUNCIE,IN47308	N/A	PC	IMPROVING HORSE TRAILS AT PRAIRIE CREEK RESERVOIR	4,500
MUNCIE VISITOR'S BUREAU 421 S WALNUT ST MUNCIE,IN47305	N/A	PC	PRAIRIE CREEK RESERVOIR BEACH EXPANSION	5,000
MUNCIE-DELAWARE CO CHAMBER OF COMME 401 S HIGH ST MUNCIE,IN47308	N/A	NC	REBRANDING	4,722
NATIONAL INVENTORS HALL OF FAME INC 3701 HIGHLAND PARK NW NORTH CANTON,OH44720	N/A	PC	CAMP INVENTION SUMMER STEM, INNOVATION, CREATIVITY & ENTREPRENEURSHIP PROGRAM-DELWARE CO	4,000
NEW CASTLE HENRY CO ECONOMIC DEVELO 100 S MAIN ST NEW CASTLE,IN47362	N/A	NC	READI 2.0 PLANNING	5,000
NONPROFIT SUPPORT NETWORK 108 S WALNUT ST MUNCIE,IN47305		PC	PROGRAM & SERVICES SUPPORT	55,000
RANDOLPH CO COMMUNITY ECONOMIC DEVE 423 N EAST ST WINCHESTER,IN47394	N/A	PC	ECI READI 2.0 GRANT PARTNERSHIP ASSISTANCE	5,000
REFUGEE ALLIANCE OF DELAWARE CO INC PO BOX 788 MUNCIE,IN47308	N/A	PC	ORGANIZATIONAL STRATEGIC PLANNING	5,000
SOUP KITCHEN OF MUNCIE PO BOX 68 MUNCIE,IN47308	N/A	PC	COMMERCIAL REFRIGERATOR REPLACEMENT	5,000
SUSTAINABLE COMMUNITIES INSTITUTE I 401 N FOREST AVE MUNCIE,IN47304	N/A	PC	COMMUNITY ASSISTANCE INITIATIVE	2,500
THE GATHERING INC 9512 N WALNUT ST MUNCIE,IN47304	N/A	PC	SECURITY IMPROVEMENTS FOR COMMUNITY IMPACT AT THE GATHERING	5,000
PORTLAND FOUNDATION 107 S MERIDIAN ST PORTLAND,IN47371	N/A	PC	JAY COUNTY EARLY LEARNING CENTER	50,000
VISUALLY IMPAIRED PRESCHOOL SERVICE 1212 SOUTHEASTERN AVE INDIANAPOLIS,IN46202	N/A	PC	EMPOWERING CHILDREN WITH BLINDNESS IN DELAWARE CO	5,000
Total ................................. 3a				8,791,812

bApproved for future payment
MINNETRISTA CULTURAL FOUNDATION 1200 N MINNETRISTA PARKWAY MUNCIE,IN47303	N/A	SO I	GENERAL OPERATIONS & CAPITAL SUPPORT	2,775,000
CORNERSTONE CENTER FOR THE ARTS 520 E MAIN ST MUNCIE,IN47305	N/A	PC	SUPPORT FOR ORGANIZATION INSIDE & OUT	100,000
CARDINAL GREENWAY INC 700 E WYSOR ST MUNCIE,IN47305	N/A	PC	GENERAL OPERATING SUPPORT	200,000
GREATER MUNCIE IN HABITAT FOR HUMAN PO BOX 1119 MUNCIE,IN47308	N/A	PC	HOUSING IMPACT	200,000
BOYS GIRLS CLUB OF MUNCIE PO BOX 820 MUNCIE,IN47308	N/A	PC	OPERATIONS & EXPANSION	175,000
Total ................................. 3b	3,450,000

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BALL ASSOCIATES	152,770	152,770	0	0

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Date of Verification	Results of Verification
ecoREHAB OF MUNCIE INC	PO BOX 137 MUNCIE,IN47308	2022-10-26	85,000	MCKINLEY NEIGHBORHOOD PROJECT		No	10/2/23, 5/30/24, 9/30/24	2024-09-30	INTERIM REPORTS RECIVED AND REVIEWED. EXTENDED DUE DATE OF FINAL REPORT TO 7/30/25.
ecoREHAB OF MUNCIE INC	PO BOX 137 MUNCIE,IN47308	2022-10-19	7,500	PROMOTING & GROWING SUPPORT FOR ecoREHAB	7,500	No	6/27/23, 11/30/23, 1/30/24	2024-01-30	FINAL REPORT RECEIVED. FUNDS EXPENDED. ADDITIONAL VERIFICATION CONSIDERED UNNECESSARY.
ecoREHAB OF MUNCIE INC	PO BOX 137 MUNCIE,IN47308	2023-11-01	85,000	SUPPORT STAFF & STUDIO SPACE		No			FIRST GRANT REPORT NOT DUE UNTIL 10/31/24; HOWEVER, EXTENDED TO 11/30/24
NEW CASTLE HENRY CO ECON DEVELOP	100 S MAIN ST NEW CASTLE,IN47362	2023-07-05	5,000	READI 2.0 PLANNING	5,000	No	1/8/24	2024-01-08	FINAL REPORT RECEIVED. FUNDS EXPENDED. ADDITIONAL VERIFICATION CONSIDERED UNNECESSARY.
JAY CO DEVELOPMENT CORPORATION	118 S MERIDIAN ST PORTLAND,IN47371	2023-09-06	5,000	READI 2.0 PLANNING		No			REPORT DUE DATE EXTENDED TO 11/30/24
BLACKFORD CO ECONOMIC DEVELOP CORP	121 N HIGH ST HARTFORD CITY,IN47348	2023-08-16	5,000	READI 2.0 PLANNING	5,000	No	7/22/24	2024-07-22	FINAL REPORT RECEIVED. FUNDS EXPENDED. ADDITIONAL VERIFICATION CONSIDERED UNNECESSARY.
MUNCIE-DE CO CHAMBER OF COMMERCE	PO BOX 842 MUNCIE,IN47308	2023-10-04	4,722	REBRANDING	4,722	No	6/11/24	2024-06-11	FINAL REPORT RECEIVED. FUNDS EXPENDED. ADDITIONAL VERIFICATION CONSIDERED UNNECESSARY.

Name of Bond	End of Year Book Value	End of Year Fair Market Value
APPLE INC 4.375% 5-13-45	273,996	260,771
VISA INC 4.15% 12-14-35 CALLABLE	554,251	544,005
BOSTON PROPS LP 3.8% 2-1-24	310,289	309,414
GOLDMAN SACHS GROUP INC 3.75% 5-22-25	414,143	401,550
AMAZON.COM INC 2.8% 8/22/24	354,080	349,512
APPLE INC 3.2% 5/1/27	270,000	261,244
BP CAP MKTS PLC 3.279% 9/19/27	365,345	350,940
JPMORGAN CHASE & CO 4.032% 7/24/48	490,000	416,932
ANHEUSER-BUSCH INBEV FIN 4.9% 2-1-46	207,901	200,949
BAYER US FIN II LLC 144A 4.375% 12-15-28	322,631	308,828
COMCAST CORP 4.25% 10-15-30	283,521	280,890
CVS HEALTH CORP 4.3% 3-25-28	433,814	432,542
GEORGIA PWR CO 4.3% 3-15-42	324,409	287,333
GOLDMAN SACHS GROUP IN 3.85% 1-26-27	396,538	398,733
JPMORGAN CHASE & CO 3.125% 1-23-25	397,723	391,588
MARSH & MCLENNAN COS INC 3.75% 3-14-26	420,626	412,091
ANTHEM INC 4.65% 1-15-43	345,597	291,800
AT&T INC 4.35% 3-1-29	381,609	355,288
BERKSHIRE HATHAWAY FIN 4.25% 1-15-49	301,883	284,208
AMAZON COM INC 3.875% 8-22-37	360,667	278,382
COCA COLA CO 1.375% 3-15-31	444,915	366,827
MICROSOFT CORP 3.5% 2-12-35	321,520	255,793
MORGAN STANLY 3.622% 4-1-31	712,787	589,587
INVESCO PFD ETF	636,429	492,384
MCDONALD'S CORP 3.7% 1-30-26	680,188	639,015
NVIDIA CORP 3.5% 4-1-50	390,452	292,047
SALESFORCE.COM INC 2.7% 7-15-41	403,808	305,524
BK OF AMER CORP 2.651% 3-11-32	691,053	565,701
US BANCORP 3.15% 4-27-27	686,759	623,010
L3HARRIS TECH INC 3.832% 4-27-25	758,778	726,621
BK OF AMER CORP 3.875% 8-1-25	1,029,581	984,880
META PLATFORMS INC 4.8% 5-15-30	863,045	885,639
HUNTINGTON BANCSHARES 4% 5/15/25	440,158	446,155
MORGAN STANLEY 5.05% 1-28-27	907,830	900,873

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

BALL BROTHERS FOUNDATION

EIN:

35-0882856

Software ID:

23017517

Software Version:

2023v5.1

Name of Stock	End of Year Book Value	End of Year Fair Market Value
BALL CORP	171,718	17,256,000
COSTCO WHSL CORP NEW	257,257	298,356
JPMORGAN CHASE & CO	470,891	570,685
DRIEHAUS EMERGING MKTS GROWTH FD	4,190,058	4,313,363
BANK HAWAII CORP	53,346	72,677
CARPENTER TECHNOLOGY CORP	123,913	171,053
CITIGROUP INC	189,337	189,916
EVERCORE INC	27,733	39,170
HORCE MANN EDUCATORS CORP	47,533	51,143
CVS HEALTH CORP	140,511	107,386
ING GROEP NV SP ADR	87,902	81,589
DEXCOM INC	245,858	278,210
LABORATORY CORP AMER HLDGS	132,996	171,604
MARATHON PETE CORP	91,285	131,595
MARKEL CORP	146,821	191,686
MICROSOFT CORP	1,622,072	2,426,586
NCR CORP	64,347	44,270
NXP SEMICONDUCTORS NV	81,497	84,063
AMAZON COM INC	1,259,455	1,731,812
AMDOCS LTD	71,849	75,322
AXA S.A. SP ADR	65,340	72,221
BNP PARIBAS SP ADR	30,379	30,733
EBAY INC	58,544	54,743
IBERDROLA SA SP ADR	45,209	53,813
ICON PLC	213,215	250,800
MAGNA INTL INC CL A	64,655	63,806
TAIWAN SEMICONDUCTOR MFG CO LTD SP ADR	193,642	233,584
ACI WORLDWIDE INC	88,689	98,899
BRIT AMERN TOBACCO SP ADR	284,228	197,942
CONOCOPHILLIPS	157,874	180,837
CRH PLC SP ADR	105,960	142,815
FIRST INTERSTATE BANCSYSTEM INC CL A	139,616	115,066
FRESHPET INC	109,766	160,680
INSULET CORP	171,689	190,074
SILICON LABORATORIES INC	159,531	181,078
SIMPSON MFG CO INC	48,689	106,513
SYNCHRONY FINL	197,298	255,529
TREX CO INC	128,493	207,968
UNITEDHEALTH GROUP INC	488,907	505,411
EDWARDS LIFESCIENCES CORP	273,466	276,864
EVEREST RE GROUP LTD	233,538	230,181
GLAUKOS CORP	71,032	90,619
MONRO INC	203,026	126,103
RIO TINTO PLC SP ADR	26,115	25,316
TENCENT HLDGS LTD UNSP ADR	38,962	38,051
THERMO FISHER SCIENTIFIC INC	207,665	278,134
AMBARELLA INC	110,768	82,741
AT&T INC 5.625% PFD 8/1/67	224,280	223,200
CROWN HLDGS INC	131,735	159,776
POWER INTEGRATIONS INC	57,583	56,327
UBS GROUP AG	15,139	23,299
UNION PACIFIC CORP	225,478	260,848
ALIGN TECHNOLOGY INC	290,655	181,388
ALPHABET INC CL A	1,366,193	1,437,270
AMERISAFE INC	108,955	80,321
BROADRIDGE FINL SOLUTIONS INC	226,959	298,749
CDW CORP	203,515	238,459
DORMAN PRODS INC	167,442	175,078
ENEL SPA UNSP ADR	116,282	110,469
EPAM SYSTEMS INC	114,347	156,401
FASTENAL CO	119,081	183,558
FIVE BELOW INC	99,202	137,915
GRACO INC	116,704	175,429
IDEX CORP	183,781	179,333
IDEXX LABS INC	192,692	293,066
L3HARRIS TECHNOLOGIES INC	95,868	96,464
LAMB WESTON HLDGS INC	121,049	149,597
LITTLEFUSE INC	113,444	131,907
MICROCHIP TECHNOLOGY INC	216,082	213,095
MOHAWK INDUSTRIES INC	146,460	88,803
MONOLITHIC PWR SYS	76,803	187,972
NEOGEN CORP	258,264	239,369
PARSONS CORP	115,570	171,010
PINNACLE FINL PARTNERS INC	65,895	68,119
POOL CORP	117,633	223,278
TRUIST FINL CORP	104,427	79,120
TYLER TECHNOLOGIES INC	140,190	192,753
D.R. HORTON INC	147,969	217,787
FLOOR & DECOR HLDGS IN CL A	163,743	188,760
BK OF AMER CORP	262,515	239,158
FIFTH THIRD BANCORP	74,704	81,672
FIRST CITIZENS BANCSHARES INC CL A	266,615	290,889
M & T BANK CORP	161,616	160,109
MSCI INC	177,436	196,281
SOUTH STATE CORP	60,734	66,209
ABBVIE INC	224,701	238,034
CENTENE CORP	68,761	57,587
JOHNSON & JOHNSON	476,379	439,185
REPLIGEN CORP	187,315	205,511
RESMED INC	210,053	175,976
CATERPILLAR INC	299,120	368,405
COPART INC	191,901	255,878
GENERAL DYNAMICS CORP	127,147	148,531
HEICO CORP	150,523	225,018
HUNT JB TRANSPORT SVCS INC	120,806	158,194
MONTROSE ENVIRONMENTAL GROUP INC	140,076	131,669
RBC BEARINGS INC	128,336	181,475
ANSYS INC	179,545	193,778
CISCO SYS INC	306,156	290,490
COSTAR GROUP INC	185,158	187,102
MASTERCARD INC CL A	270,952	304,102
PAYCOM SOFTWARE INC	171,860	116,590
PTC INC	164,804	254,742
ASHLAND INC	83,440	81,949
CENTERPOINT ENERGY INC	119,433	131,879
AIR LIQUIDE SA UNSP ADR	42,266	54,046
CDN NAT RES	76,213	113,939
COCA-COLA EUROPACIFIC PARTNERS PLC	55,980	60,266
KONINKLIJKE PHILIPS NV NY REG SH	92,460	104,798
NOVARTIS AG SP ADR	335,197	387,624
ROCHE HLDG LTD SP ADR	163,004	130,182
SCHLUMBERGER LTD	101,806	96,170
SCHNEIDER ELECTRIC SE UNSP ADR	69,907	69,886
STANTEC INC	26,097	39,293
VANGUARD MEGA CAP GROWTH ETF	13,661,526	16,214,431
STEVEN MADDEN LTD	41,932	46,284
VITAL FARMS INC	158,575	137,586
EOG RESOURCES INC	86,475	110,911
AMERN FINL GROUP	27,404	26,988
WELLS FARGO & CO	361,965	409,855
BRISTOL-MYERS SQUIBB CORP	255,607	175,121
LANTHEUS HLDGS INC	105,137	122,450
VERACYTE INC	154,774	151,883
INGERSOLL RAND INC	110,736	153,365
COGNIZANT TECH SOLUTIONS CORP	69,513	68,204
FIDELITY NATL INFORMATION SVCS INC	370,226	416,946
GLOBAL PAYMENTS INC	415,759	315,722
KBR INC	68,559	75,358
LATTICE SEMICONDUCTOR CORP	154,197	143,775
NETAPP INC	52,227	67,266
PROS HLDGS INC	99,976	115,982
QUALCOMM INC	448,141	360,563
VERRA MOBILITY CORP	116,283	161,717
SCHOLASTIC CORP	26,225	27,559
ASTRAZENECA PLC SP ADR	99,702	100,621
BARCLAYS PLC SP ADR	140,890	119,185
CENOVUS ENERGY INC	64,889	52,847
EQUINOR ASA SP ADR	112,612	116,119
GLOBANT SA	233,159	267,014
HONDA MOTOR CO LTD ADR	126,945	129,637
JFROG LTD	126,451	129,338
SANOFI SP ADR	280,253	260,088
TOTAL SE SP ADR	184,094	207,193
VALE SA SP ADR	108,489	94,478
APPLE INC	1,860,796	2,083,752
ABBOTT LABS	208,232	213,096
ANALOG DEVICES INC	165,727	196,773
ARCHER DANIELS MIDLAND CO	108,606	100,602
AUTOLIV INC	36,348	47,822
AVIENT CORP	45,668	40,946
BAXTER INTL INC	63,768	43,686
BWX TECHNOLOGIES INC	19,812	25,167
CULLEN/FROST BANKERS INC	69,700	67,589
CHAMPIONX CORP	50,710	57,544
COLGATE PALMOLIVE CO	137,913	139,652
COMCAST CORP	275,299	287,700
CUMMINS INC	97,757	103,015
SALESFORCE INC	412,243	492,335
CHEVRON CORP	285,299	274,753
CURTISS-WRIGHT CORP	41,362	54,584
DEFINITIVE HEALTHCARE CORP	178,211	184,337
DOW INC	76,564	80,615
DEVON ENERGY CORP	272,850	248,017
EMERSON ELEC CO	116,607	134,607
ESCO TECHNOLOGIES INC	158,794	211,941
DIAMONBACK ENERGY INC	175,297	194,936
FNB CORP	57,766	67,707
GILEAD SCIENCES INC	144,682	184,055
GEN MILLS INC	102,039	88,265
GLOBE LIFE INC	64,309	75,101
GENUINE PARTS CO	63,333	59,555
HALLIBURTON CO	58,462	54,731
HOME DEPOT INC	631,980	725,676
HELIOS TECHNOLOGIES INC	266,499	217,725
HONEYWELL INTL INC	209,110	236,763
INTL FLAVORS & FRAGRANCES INC	87,835	61,537
HENRY JACK & ASSOC INC	164,483	143,474
KINSALE CAPITAL GROUP INC	163,713	169,130
ELI LILLY & CO	294,265	421,451
LOCKHEED MARTIN CORP	257,706	281,915
3M CO	153,692	132,277
MERCK & CO	301,066	350,390
NOV INC	52,466	57,778
NORFOLK SOUTHN CORP	104,089	104,953
NVIDIA CORP	813,972	974,098
OLIN CORP	184,972	202,906
PEPSICO INC	153,479	147,591
PFIZER INC	298,156	174,295
PPG INDS INC	67,215	77,467
PROGRESS SOFTWARE CORP	57,497	61,033
REGIONS FINL CORP	65,864	62,500
REPUBLIC SVCS INC	65,080	76,023
SCIENCE APPLICATIONS INTL CORP	24,079	33,318
BOSTON BEER CO INC	126,946	130,979
SEACOAST BANKING CORP FL	62,868	64,889
SMARTSHEET INC	89,972	118,211
TRAVELERS COS INC	93,123	110,294
TYSON FOODS INC	82,575	57,620
TEXAS INSTRS INC	193,033	195,518
UNITED PARCEL SERVICE	203,069	170,123
US BANCORP	161,725	141,569
VISA INC	560,863	676,650
VALMONT INDUSTRIES INC	62,514	52,540
VERISK ANALYTICS INC	87,767	95,305
WATSCO INC	156,345	226,661
DENTSPLY SIRONA INC	175,770	182,434
ZURN WTR SOLUTIONS CORP	124,968	149,609
ACCELLERON INDUSTRIES AG SP ADR	5	6
AKZO NOBEL NV SP ADR	104,760	117,473
ASML HLDG NV NY	214,722	282,331
BP PLC SP ADR	311,449	283,766
COLLIERS INTL GROUP INC	49,415	56,934
DIAGEO PLC SP ADR	106,316	93,368
ENI S P A SP ADR	74,890	103,356
JOHNSON CONTROLS INTERNATIONAL PLC	62,388	69,341
MEDTRONIC PLC	167,914	158,334
NUTRIEN LTD	89,187	64,047
NATWEST GROUP PLC SP ADR	30,963	29,355
PERRIGO CO PLC	42,776	34,175
SAP AKTIENGESELLSCHAFT SP ADR	86,186	97,701
SHELL PLC SP ADR	330,208	352,293
SIGNET JEWELERS LTD	30,184	47,302
SUNCOR ENERGY INC	81,581	82,471
SEVEN & I HLDGS CO LTD UNSP ADR	48,699	50,242
TAKEDA PHARMACEUTICAL CO LTD SP ADR	170,866	157,427
TE CONNECTIVITY LTD	82,766	93,292
TELEKOMUNIKASI INDONESIA SP ADR	75,167	69,217
UNILEVER PLC SP ADR	258,714	256,265
ADVANCE AUTO PARTS INC	170,254	195,235
ADOBE INC	398,921	493,388
AGREE REALTY CORP	75,947	74,910
ALBEMARLE CORP	142,614	148,670
AMETEK INC	74,442	83,105
AMGEN INC	82,024	90,150
AMERICAN TOWER CORP	141,598	192,565
ARAMARK	190,477	210,609
ATMOS ENERGY CORP	118,347	134,908
ATLANTIC UN BKSHS CORP	60,304	68,768
BROADCOM INC	481,285	714,400
AZENTA INC	77,827	110,868
AZZ INC	91,960	117,284
BRINK'S CO	154,280	189,005
BELDEN INC	65,840	60,641
BERRY GLOBAL	231,396	260,395
BJS WHSL CLUB HLDGS	103,873	99,723
BLACKLINE INC	113,392	131,561
BLACKROCK INC	187,053	241,105
BRIXMOR PROPERTY GROUP INC	185,271	214,526
BENTLEY SYSTEMS INC	125,672	125,649
COGENT COMMUNICATIONS HLDGS INC	39,596	45,332
CELANESE CORP	155,190	200,117
CITIZENS FINL GROUP INC	186,640	243,248
CHURCHHILL DOWNS INC	136,832	138,438
CHORD ENERGY CORP	48,555	56,352
CMS ENERGY CORP	37,783	43,088
COLUMBIA BANKING SYSTEM INC	54,056	65,820
CAMDEN PROPERTY TR	44,008	47,758
CINTAS CORP	136,698	162,116
DONALDSON CO INC	129,324	141,875
DOLLAR GEN CORP	297,223	289,573
DOLLAR TREE INC	257,343	284,242
DUNN & BRADSTREET HLDGS INC	149,738	180,964
DYNATRACE INC	183,238	193,712
EQUIFAX INC	510,156	675,844
EDISON INTL	46,688	55,476
ELEMENT SOLUTIONS INC	47,325	58,382
EAST WEST BANCORP INC	113,382	163,326
FIRST AMERN FINL CORP	34,607	37,891
FEDEX CORP	77,174	83,733
FIRST HORIZON CORP	52,557	71,352
FLOWERS FOODS INC	47,075	50,175
FORWARD AIR CORP	48,386	30,555
CORNING INC	54,904	48,507
GRAPHIC PACKAGING HLDG CO	189,200	214,282
GXO LOGISTICS INC	137,039	146,478
HUNTINGTON BANCSHARES INC	148,334	191,271
HUNTINGTON INGALLS INDS INC	36,466	37,907
HERC HLDGS INC	34,562	48,538
HENRY SCHEIN INC	66,069	67,609
HEXCEL CORP	59,403	64,974
INTL BUSINESS MACHS CORP	134,076	168,129
IDACORP INC	68,087	70,889
ISHARES CORE MSCI EAFE ETF	4,300,293	4,416,432
INGREDION INC	126,867	143,043
INTUIT INC	125,143	153,132
IRIDIUM COMMUNICATIONS	53,244	50,009
ISHARES RUSSELL 1000 GROWTH INDEX FD ETF	17,179,724	19,732,729
ISHARES RUSSELL MIDCAP GROWTH ETF	537,202	626,238
JOHN BEAN TECHNOLOGIES CORP	183,119	171,253
KEYCORP	223,862	317,650
KRAFT HEINZ CO	74,757	71,482
KLA CORP	479,182	609,784
KULICKE & SOFFA INDS INC	35,802	37,921
KEMPER CORP	57,312	54,559
COCA COLA CO	96,164	102,951
CHENIERE ENERGY INC	174,474	183,513
ALLIANT ENERGY CORP	49,556	55,507
LOUISIANA PACIFIC CORP	56,052	66,014
META PLATFORMS INC	589,037	692,700
MFS INSTL INTL EQTY FD #403	6,036,085	6,153,844
MKS INSTRUMENTS INC	19,791	20,265
MARKETAXESS HLDGS INC	144,561	134,711
MATADOR RESOURCES CO	55,875	58,054
VAIL RESORTS INC	39,991	37,357
NETFLIX INC	148,985	188,423
NET LEASE OFFICE PROPERTY	5	7
NATL RETAIL PROPERTIES INC	49,974	60,599
SERVICENOW INC	99,376	129,288
NEWELL BRANDS INC	40,271	41,673
OGE ENERGY CORP	66,644	69,546
OLD NATL BANCORP	114,410	138,363
PROSPERITY BANCSHARES INC	59,143	68,881
POTLATCHDEL TIC CORP	100,825	101,293
PINNACLE WEST CAPITAL CORP	53,193	54,239
PUBLIC STORAGE INC	71,569	85,095
PHILLIPS 66	69,851	88,272
PERELLA WEINBERG PARTNERS	32,583	39,674
PIONEER NAT RES CO	101,801	91,751
PAYCOR HCM INC	136,726	131,418
REYNOLDS CONSUMER PRODS INC	37,000	36,798
RINGCENTRAL INC CL A	29,668	34,731
ROGERS CORP	110,461	114,637
ROPER TECHNOLOGIES INC	59,690	67,601
RANGE RES CORP	46,309	49,282
RAYTHEON TECHNOLOGIES CORP	149,277	126,883
SUNRUN INC	88,194	164,735
REDWOOD TR INC	19,863	20,452
STARBUCKS CORP	80,092	85,353
SHERWIN WILLIAMS CO	82,161	101,991
SELECTIVE INSURANCE GROUP INC	32,938	33,624
SEMTECH CORP	105,766	87,180
SYNNEX CORP	52,675	57,787
SURMODICS INC	68,575	73,209
CONSTELLATION BRANDS INC	283,587	276,320
SYSCO CORP	66,703	63,477
BIO TECHNE CORP	103,783	105,709
HANOVER INS GROUP INC	36,803	38,612
TIMKEN CO	45,211	47,449
TRANSUNION	226,765	228,461
TESLA INC	564,270	572,249
UNITED AIRLINES HLDGS INC	166,946	181,173
AMERCO	246,869	346,494
VEEVA SYSTEMS INC	449,774	427,202
VALERO ENERGY CORP	69,419	66,690
VESTIS CORP	44,668	62,934
NCR ATLEOS	41,782	31,796
CACTUS INC - A	57,311	59,247
JOHN WILEY & SONS INC CL A	29,328	30,216
W P CAREY INC	51,976	64,551
WESTROCK CO	129,389	151,756
WINTRUST FINL CORP	47,657	61,308
SELECT SECTOR SPDR ENERGY	85,482	81,996
REAL ESTATE SELECT SECTOR SPDR FD ETF	156,585	189,724
SELECT SECTOR SPDR CONSUMER DISCRETIONAR	50,436	55,968
EXXON MOBIL CORP	311,023	268,546
ZIONS BANCORPORATION NA	111,576	150,913
ACCENTURE PLC CL A	170,739	193,001
ALLIANZ SE UNSP ADR	69,678	81,063
ALSTOM SA UNSP ADR	155,962	91,882
AMADEUS IT HLDGS SA UNSP ADR	50,635	47,517
AENA SME SA UNSP ADR	61,482	67,287
APTV PLC	123,120	102,999
ASSA ABLOY AB UNSP ADR	20,173	27,567
BAYER AG SP ADR	45,965	30,062
BANCO BRADESCO S.A. SP ADR	36,675	37,278
ANHEUSER BUSCH INBEV NV SP ADR	70,208	79,159
COMPAGNIE FINANCIERE RICHEMONT SA UNSP	37,288	43,597
COMPASS GROUP PLC SP ADR	54,978	52,607
CRODA INTERNATIONAL UNSP ADR	18,497	20,794
CANADIAN PACIFIC KANSAS CITY LIMITED	57,742	57,793
CARREFOUR SA SP ADR	51,188	51,141
DANONE SP ADR	88,441	93,069
DESCARTES SYSTEMS GRP	90,703	99,611
DEUTSCHE TELEKOM AG SP ADR	103,588	116,310
FANUC CORP UNSP ADR	112,771	92,249
FERGUSON PLC	114,240	148,857
FOMENTO ECONOMICO MEX SAB DE CV SP ADR	50,785	70,780
HUDBAY MINERALS INC	39,332	45,667
INFINEON TECHNOLOGIES AG SP ADR	23,629	26,599
IMPERIAL OIL LTD	54,488	57,247
INFOSYS LTD SP ADR	96,245	101,862
KINGFISHER PLC SP ADR	17,883	19,267
LEGAL & GENERAL GROUP PLC SP ADR	45,492	49,712
MURATA MANUFACTURING CO LTD UNSP ADR	107,025	112,609
KERING UNSP ADR	88,223	78,279
RB GLOBAL INC	207,833	239,533
RECKITT BENCKISER GROUP PLC SP ADR	136,346	123,431
RELX PLC SP ADR	64,079	76,227
RWE AG SP ADR	68,979	72,056
RYANAIR HLDGS PLC SP ADR	47,135	59,078
ROLLS-ROYCE HLDGS PLC SP ADR	103,435	205,856
SANDVIK AB SP ADR	5,451	7,055
SUMITOMO MITSUI FINL GROUP INC SP ADR	22,629	26,078
STELLANTIS NV	79,204	103,821
UNICREDIT SPA UNSP ADR	86,468	113,456
UNITED OVERSEAS BANK LTD SP ADR	46,989	46,889
VINCI SA UNSP ADR	50,861	53,694
VALEO SA SP ADR	39,707	27,969
WOODSIDE ENERGY GROUP LTD	66,163	61,246

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	108,963,084	100,037,656	8,925,428
b		26	-26
c	75		75
d		40,214	-40,214
e		1,132	-1,132
		52,796	-52,796
	204		204
		61	-61
	3,764		3,764
		1,481	-1,481
		792	-792
		8,376	-8,376
	519		519
	4,238		4,238
	326		326
	9,907		9,907
	396		396
		28	-28
	102,981		102,981
	17,010		17,010
		3,955	-3,955
		5,881	-5,881
		2,095	-2,095
		910	-910
	78,586		78,586
	4,532		4,532
		1,013	-1,013
	35,219		35,219
	25		25
	425		425
	11,814		11,814
		195	-195
	188		188
		1,711	-1,711
	214		214
		3,501	-3,501
	23		23
	377		377
	1,043		1,043
	7,482		7,482
	136,823		136,823
	686		686
	106		106
	70,790		70,790
	2,778		2,778
	1,790		1,790
	23,315		23,315
	1,516		1,516
	326		326
	8,095		8,095
	15		15
	92		92
	7		7
	7		7
	15,796		15,796
	428		428

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			8,925,428
b			-26
c			75
d			-40,214
e			-1,132
			-52,796
			204
			-61
			3,764
			-1,481
			-792
			-8,376
			519
			4,238
			326
			9,907
			396
			-28
			102,981
			17,010
			-3,955
			-5,881
			-2,095
			-910
			78,586
			4,532
			-1,013
			35,219
			25
			425
			11,814
			-195
			188
			-1,711
			214
			-3,501
			23
			377
			1,043
			7,482
			136,823
			686
			106
			70,790
			2,778
			1,790
			23,315
			1,516
			326
			8,095
			15
			92
			7
			7
			15,796
			428


(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
RICHARD J SPISAK	SR PROGRAM OFFICER 40.00	134,462	21,488
PO BOX 1408 MUNCIE,IN47308	SR PROGRAM OFFICER 40.00	134,462	21,488
DONNA K MUNCHEL	GRANT PROCESS MGR 40.00	94,923	31,542
PO BOX 1408 MUNCIE,IN47308	GRANT PROCESS MGR 40.00	94,923	31,542






Total number of other employees paid over $50,000...................

	(a) Corpus	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			9,438,629
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......		7,755,805
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: $ 9,908,417
a Applied to 2022, but not more than line 2a		7,755,805
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2023 distributable amount.....			2,152,612
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 ..........			7,286,017
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....

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	(e) Total

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

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
OLD NATIONAL WEALTH MANAGEMENT	INVESTMENTS MANAGEMENT	657,077
320 S HIGH ST MUNCIE,IN47305	INVESTMENTS MANAGEMENT	657,077
PRIDEMARK CONSTRUCTION	GENERAL CONTRACTOR	56,607
PO BOX 951 MUNCIE,IN47308	GENERAL CONTRACTOR	56,607
BALL ASSOCIATES	PROFESSIONAL SERVICES	152,770
PO BOX 1408 MUNCIE,IN47308	PROFESSIONAL SERVICES	152,770

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	(e) Related or exempt function income (See instructions.)
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	23
4 Dividends and interest from securities ....			14	4,220,852
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	-115,315
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	9,343,179
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aBRANZAN ALT INVESTK1 UBTI	523000	-1,727	14	-358
bMISCELLANEOUS			14	46,120
cNET RENTAL ALT INVESTMENTS			16	3,354
dPTSHP K1 CARDINAL ETHANOL	110000	130,395	14	-345
eROYALTIES ALT INVEST			15	23,767
fTIFF & COMMONFD K-1s UBTI	525990	-3,168
gTIFF & COMMONFUND K-1s	525990		14	-29,361
12 Subtotal. Add columns (b), (d), and (e) ..		125,500		13,491,916

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
TIFF EQUITY PARTNERS 2007	AT COST	92,381	164,251
CARDINAL ETHANOL, LLC	AT COST	745,841	1,945,000
TIFF EQUITY PARTNERS 2008	AT COST	168,617	224,765
TIFF EQUITY PARTNERS 2009	AT COST	69,360	20,496
BRANZAN FUND	AT COST	694,689	948,087
TIFF EQUITY PARTNERS 2010	AT COST	150,639	139,842
TIFF EQUITY PARTNERS 2015	AT COST	543,881	1,390,226
COMMONFUND GLOBAL PRIVATE EQUITY 2014	AT COST	1,501,409	3,365,584
TIFF EQUITY PARTNERS 2016	AT COST	657,506	1,322,674
TIFF EQUITY PARTNERS 2017	AT COST	666,933	1,277,356
TIFF EQUITY PARTNERS 2018	AT COST	779,577	1,348,925
COMMONFUND GPE II	AT COST	2,107,265	3,356,991
COMMONFUND VENTURE XII	AT COST	838,213	1,556,786
TIFF EQUITY PARTNERS 2019	AT COST	717,323	956,718
TIFF EQUITY PARTNERS 2020	AT COST	682,983	848,865
TIFF EQUITY PARTNERS 2021	AT COST	313,458	409,399
COMMONFUND GPE PARTNERS III	AT COST	1,748,953	2,597,884
TIFF EQUITY PARTNERS 2022	AT COST	377,976	417,579
TIFF EQUITY PARTNERS 2023	AT COST	77,010	88,054
COMMONFUND GPE IV	AT COST	254,643	409,668

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ACTIVITIES & FEES	25,486		25,486
ALTERNATIVE INVEST PARTNERS EXPENSES	623,858	623,858
AWARDS & RECOGNITIONS	1,214		1,214
GRANTS MANAGEMENT SOFTWARE	17,280		17,280
INFORMATION TECHNOLOGY SUPPORT	9,493	9,493
INSURANCE	23,463	23,463
REGISTRATIONS & MEMBERSHIPS	14,586		14,586
Rental Expenses	108,064	108,064
SUPPLIES & SUNDRY	18,361	18,361

Description	Revenue And Expenses Per Books	Net Investment Income
BRANZAN ALT INVESTK1 UBTI	-2,085
MISCELLANEOUS	46,120	46,120
NET RENTAL ALT INVESTMENTS	3,354	3,354
PTSHP K1 CARDINAL ETHANOL	130,050
ROYALTIES ALT INVEST	23,767	23,767
TIFF & COMMONFD K-1s UBTI	-3,168
TIFF & COMMONFUND K-1s	-29,361

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
COMMUNICATIONS & BRANDING	38,053	38,053	0
CONSULTING FEES	39,680	37,755	1,925
INVESTMENT FEES	672,263	672,263	0

Category	Amount	Net Investment Income
FEDERAL TAX	133,000
FEDERAL UBIT	3,000
FOREIGN TAX W/H ON DIVIDENDS	84,221	84,221
STATE UBIT	29

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
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Line No.	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.)