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
Better Way Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)60 South 6th St Ste 2950
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55402
A Employer identification number

36-3608625
B Telephone number (see instructions)

(612) 440-2500
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$68,241,414J 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... 450,176 450,176  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -115,211
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 184,180
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
4,760,619 1,203,368  
12 Total. Add lines 1 through 11........ 5,095,584 1,837,724  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,877 0   36,835
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
811,394 47,000   921,394
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
238,097 1,897   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 54,687 0   54,687
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
82,380 844,279   48,274
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,217,435 893,176   1,061,190
25 Contributions, gifts, grants paid....... 2,400,000 2,172,475
26 Total expenses and disbursements. Add lines 24 and 25 3,617,435 893,176   3,233,665
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,478,149
b Net investment income (if negative, enter -0-) 944,548
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.............      
2 Savings and temporary cash investments......... 794,258 2,376,167 2,376,167
3 Accounts receivable right arrow31,647
Less: allowance for doubtful accounts right arrow   343,222 31,647 31,647
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..........   3,723 3,723
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 15,769,961 Click to see attachment
List of Attached Documents:
// Content
15,133,914 		15,133,914
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 44,665,102 Click to see attachment
List of Attached Documents:
// Content
48,195,963 		48,195,963
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,800,000 		Click to see attachment
List of Attached Documents:
// Content
2,500,000 		Click to see attachment
List of Attached Documents:
// Content
2,500,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 63,372,543 68,241,414 68,241,414
Liabilities 17 Accounts payable and accrued expenses.......... 46,000 162,959
18 Grants payable................. 1,857,475 2,085,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,903,475 2,247,959
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 61,469,068 65,993,455
29 Total net assets or fund balances (see instructions)..... 61,469,068 65,993,455
30 Total liabilities and net assets/fund balances (see instructions). 63,372,543 68,241,414
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
61,469,068
2
Enter amount from Part I, line 27a .....................
2
1,478,149
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,046,238
4
Add lines 1, 2, and 3 ..........................
4
65,993,455
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
65,993,455
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 Capital Gain/Loss From Partnerships P    
b Capital Gain/Loss From Partnerships P    
c Publicly Traded Securities      
d Adler Energy Infr IV P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     424 -424
b 298,137     298,137
c     115,211 -115,211
d 1,678     1,678
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -424
b       298,137
c       -115,211
d       1,678
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 184,180
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 13,129
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 13,129
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,129
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 74,631
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 74,631
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 61,502
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow61,502 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTax Officer Telephone no.right arrow (612) 440-2500

Located atright arrowSuite 2950 60 South 6th StreetMinneapolisMN ZIP+4right arrow55402
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)
Yes
 
(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
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Karen Rauenhorst President/Chair
1.00 		0 0 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Nicholas Banovetz Vice President
40.00 		182,634 44,189 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Janine Geske Secretary/Vice Chair
1.00 		0 0 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Stephanie Russell Treasurer
1.00 		0 0 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Kristen Grubb Tax Officer
6.00 		12,497 2,114 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Cary Buzzelli Director
1.00 		0 0 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Cindy Hughes Director
1.00 		0 0 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Judy Rauenhorst Doerr Director
1.00 		0 0 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Shamsia Ramadhan Director
1.00 		0 0 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Tarajean Yazzie-Mintz Director
1.00 		0 0 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
Patrice Kunesh 1123-3823 Director
1.00 		0 0 0
Suite 2950 60 South 6th Street
Minneapolis,MN55402
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
GHR Foundation Management and Philanthropy Services 770,271
60 South Sixth Street Ste 2950
Minneapolis,MN55402
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 Citizen Potawaotomi Community - To promote, educate, and inspire the entrepreneurial growth, economic opportunity, and financial well-being of the Citizen Potawatomi Nation Tribal Community and other under-served Native populations through Financial Education, Access to Capital, Business Development Services, Innovative Capacity Building Practices, and Community Development Initiatives. 700,000
2 Sicangu Community Development - To improve the financial and social well-being of the Sicangu Lakota nation. 300,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow1,000,000
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
29,549,974
b
Average of monthly cash balances.......................
1b
1,762,109
c
Fair market value of all other assets (see instructions)................
1c
31,476,317
d
Total (add lines 1a, b, and c).........................
1d
62,788,400
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
62,788,400
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
941,826
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
61,846,574
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,092,329
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
3,092,329
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
13,129
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
98,183
c
Add lines 2a and 2b............................
2c
111,312
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,981,017
4
Recoveries of amounts treated as qualifying distributions................
4
300,000
5
Add lines 3 and 4............................
5
3,281,017
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,281,017
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,233,665
b
Program-related investments—total from Part VIII-B..................
1b
1,000,000
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
4,233,665
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 3,281,017
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 563,942
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,233,665
a Applied to 2022, but not more than line 2a 563,942
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 3,281,017
e Remaining amount distributed out of corpus 388,706
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 388,706
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		388,706
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.... 388,706
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

Aim Higher Foundation

2610 University Avenue W Suite 525
St Paul,MN55114 		  PC Student Scholarships 15,000

Amani Girls Home

POBox 5073
Mwanza    
TZ 		  PC Mapema Education Scheme - MES 150,000

Catholic Climate Covenant

415 Michigan Avenue NE Suite 260
Washington DC,DC20017 		  PC General Operations 5,000

Chief Seattle Club

410 Second Ave Extension S
Seattle,WA98104 		  PC General Operations 5,000

Comanche Language and Cultural Preservation Committee

PO Box 908
Lawton,OK73502 		  PC Building the Capacity of CLCPC 100,000

Creighton University

2500 California Plaza
Omaha,NE68178 		  PC ILAC Mission in Dominican Republic 5,000

De La Salle Blackfeet School

104 1st Street NW
Browning,MT59417 		  PC Little Flower Academy 30,000

Eagle Valley Land Trust

34215 Highway 6 Suite 205 PO Box
3016
Edwards,CO81632 		  PC General Operations 5,000

Farm to Family Fund

PO Box 1771
Bloomington,IN47402 		  PC General Operations 5,000

Hearts Gathered

PO BOX 767
Omak,WA98841 		  PC Building for the Future 150,000

House of Champions

2066 West 47th Street
Cleveland,OH44102 		  PC General Operations 5,000

Indian Child Welfare Act Law Center

1730 Clifton Place Suite 104
Minneapolis,MN55403 		  PC General Operations 5,000

Keres Children's Learning Center

PO Box 113 235 S Plaza St
Cochiti Pueblo,NM87072 		  PC Indigenous Motessori Institute Strategic Growth Phase 100,000

Little Earth Residents Association

2495 18th Ave S
Minneapolis,MN55404 		  PC Trauma-informed professional development & training 77,825

Little Earth Residents Association

2495 18th Ave S
Minneapolis,MN55404 		  PC Trauma-informed professional development & training 56,650

Lower Phalen Creek Project

60 Plato Blvd E Suite 400
Saint Paul,MN55107 		  PC Wakan Tipi Center 5,000

Lower Sioux Indian Community

PO Box 308 39527 Reservation
Highway 1
Morton,MN56270 		  GOV Transition Grant - Lower Sioux 95,000

Mama's Hope Organization for Legal Assistance

PO Box 1240 Hanyama Chember in
Hamugembe ward
Kagera   255
TZ 		  PC Transition Grant - MHOLA 100,000

Mashpee Wampanoag Tribe

483 Great Neck Road South
Mashpee,MA02649 		  GOV Connecting the Weetumuw Community 100,000

Minneapolis American Indian Center

1530 E Franklin Ave
Minneapolis,MN55404 		  PC All Roads Campaign 5,000

Montessori American Indian Childcare Center

1909 Ivy Avenue E
St Paul,MN55119 		  PC Continuity, Growth & Vision 100,000

Mount Mary University

2900 North Menomonee River Parkway
Milwaukee,WI532224597 		  PC Student Impact Fund 15,000

NACA-Inspired Schools Network

924 Park Avenue SW
Albuquerque,NM871023023 		  PC Expanding professional development & IECD programming 100,000

National Native American Boarding School Healing Coalition

2525 E Franklin Ave Ste 150
Minneapolis,MN55406 		  PC Tribal Consultations for Community-Led Healing 5,000

Northern Star Council

6202 Bloomington Road
Fort Snelling,MN55111 		  PC General Operations 5,000

Oceti Sakowin Community Academy

408 Knollwood Dr
Rapid City,SD57701 		  PC Strengthening Staff Capacity to Cultivate Immersive Education Opportunities for Urban Indigenous Youth 100,000

Red Cloud Indian School

100 Mission Drive
Pine Ridge,SD57770 		  PC Truth & Healing Project - Part II 100,000

San Carlos Apache Catholic Community St Charles School

PO Box 339
San Carlos,AZ85550 		  PC Teach Them Apache Language Program 2023-2024 30,000

Sojourner Family Peace Center

619 W Walnut St
Milwaukee,WI53212 		  PC Children's Education 5,000

St Anthony Mission School

11 St Anthony Dr PO Box 486
Zuni,NM87327 		  PC Zuni Language & Culture Program 30,000

St Augustine Indian Mission

PO Box 766 705 South Mission Drive
Winnebago,NE68071 		  PC St. Augustine Blended Learning Expansion 2023-2024 30,000

St Joseph Mission School

PO Box 370 26 School Road
San Fidel,NM87049 		  PC Kindergarten & Pre-K Support 2023-2024 30,000

St Mary's Mission School

15341 St Marys Mission Rd
Red Lake,MN56671 		  PC Expanding Donor Base and Increasing Donations Launch 30,000

St Michael Indian School

PO Box 650
Saint Michaels,AZ86515 		  PC Early Education Development Cultural Learning Center 30,000

Tanzania Early Childhood Development Network

Box 14658
Dar es Salaam   255
TZ 		  NC Transition Grant - TECDEN 100,000

Tanzania Home Economics Association

Nyegezi - Masunu Street PO Box
11242
Mwanza   255
TZ 		  PC Transition Grant - TAHEA 100,000

TeamLift Inc

2020 NE Multnomah St Apt 302
Portland,OR97232 		  PC Education of Girls 5,000

TeamLift Inc

2020 NE Multnomah St Apt 302
Portland,OR97232 		  PC General Operations 15,000

The Cathedral Center

845 N Van Buren
Milwaukee,WI53202 		  PC General Operations 5,000

The Children's Haven

1083 Marietta Hwy
Canton,GA30114 		  PC General Operations 15,000

Tumaini Letu

PO Box 278 Muleba 2Box 278 Muleba
Bukoba   255
TZ 		  NC Wekeza kwa Mtoto Mdogo - Invest in Young Children Phase II 90,000

United Indians Of All Tribes Foundation

PO Box 99100
Seattle,WA98139 		  PC Daybreak Star Preschool - To support Daybreak Star IELC Convening 15,000

University of Notre Dame

400 Main Building
Notre Dame,IN46556 		  PC American Indian Catholic Schools Network (AICSN) Support 2020-2024 183,000

Zaman International (Hope for Humanity)

26091 Trowbridge St
Inkster,MI48141 		  PC B.O.O.S.T. Vocational and Literacy Training Program 15,000
Total .................................right arrow 3a 2,172,475
bApproved for future payment

Amani Girls Home
POBox 5073
Mwanza    
TZ 		  PC Transition Grant - AGH 200,000

Hearts Gathered
PO BOX 767
Omak,WA98841 		  PC Building for the Future 300,000

NACA-Inspired Schools Network
924 Park Avenue SW
Albuquerque,NM871023023 		  PC Expanding professional development & IECD programming 200,000

Red Cloud Indian School
100 Mission Drive
Pine Ridge,SD57770 		  PC Truth & Healing Project - Part II 200,000

Tumaini Letu
PO Box 278 Muleba 2Box 278 Muleba
Bukoba   255
TZ 		  PC Transition Grant - Tumaini Letu 200,000

Tanzania Home Economics Association
Nyegezi - Masunu Street PO Box
11242
Mwanza   255
TZ 		  PC Transistion Grant - TAHEA 100,000

Mama's Hope Organization for Legal Assistance
PO Box 1240 Hanyama In Hamugembe
Ward
Kagera   255
TZ 		  PC Transition Grant - MHOLA 100,000

Tanzania Early Childhood Development Network
Box 14658
Dar es Salaam   255
TZ 		  NC Transition Grant - TECDEN 100,000
Total ................................. right arrow 3b 1,400,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 450,176  
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 ..... 525990 694,646 18 4,065,973  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -115,211  
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) .. 694,646 4,400,938 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,095,584
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Better Way Foundation
EIN:
36-3608625
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 30,877 0   36,835

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

TY 2023 ExpenditureResponsibilityStmt
Name:
Better Way Foundation
EIN:
36-3608625
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
Tumaini Letu
  		PO Box 278 Muleba
Bukoba    
TZ 		2022-01-19 105,000 Wekeza kwa Mtoto Mdogo - Invest in Young Children Phase II 105,000 None 12/02/2022   Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).
Tanzania Early Childhood Development Network
  		Box 14658
Dar es Salaam    
TZ 		2023-01-25 100,000 Transition Grant - TECDEN 57,024 None 11/28/2023   Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).
Tumaini Letu
  		PO Box 278 Muleba
Bukoba    
TZ 		2023-01-25 90,000 Wekeza kwa Mtoto Mdogo - Invest in Young Children Phase II 90,000 None 9/11/2024   Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).

TY 2023 GeneralExplanationAttachment
Name:
Better Way Foundation
EIN:
36-3608625
Identifier Return Reference Explanation
  Form 990-PF, Part VII, Line 1: Compensation reported on Form 990-PF, Part VII, for Nicholas Banovetz and Kristen Grubb represents compensation paid by GHR Foundation, an unrelated organization, for services provided to Better Way Foundation. Better Way Foundation has an agreement with GHR Foundation for management and philanthropy services. The total amount paid to GHR Foundation during 2023 was $770,271.

TY 2023 InvestmentsCorpStockSchedule
Name:
Better Way Foundation
EIN:
36-3608625
Name of Stock End of Year Book Value End of Year Fair Market Value
ADR BRAMBLES LTD SPONSORED ADR 16,394 16,394
ADR COCHLEAR LTD ADR UNSPON 17,642 17,642
ADR COMMONWEALTH BANK OF AUSTRALIA SPONSORED ADR 74,971 74,971
ADR CSL LTD SPONSORED ADR 37,508 37,508
ADR FORTESCUE METALS GROUP LTD SPONSORED ADR 20,562 20,562
ADR NATIONAL AUSTRALIA BK LTD SPONSORED ADR 12,671 12,671
ADR QBE INS GROUP LTD SPONSORED 10,525 10,525
ADR SOUTH32 LTD SPONSORED ADR 23,990 23,990
ADR WOODSIDE ENERGY GROUP LTD SPONSORED ADR 39,839 39,839
ANZ GROUP HLDGS LTD SPONSORED ADR 48,853 48,853
TREASURY WINE ESTATES LTD SPONSORED ADR 14,352 14,352
ADR KBC GROUP NV 16,045 16,045
ADR BANCO BRADESCO S A SPONSORED ADR REPSTG PFD SHS NEW 2004 30,457 30,457
ADR BANCO SANTANDER BRASIL S A ADS REPSTG 1 UNIT 3,629 3,629
ADR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR 38,216 38,216
ADR TELEFONICA BRASIL SA ADR 11,936 11,936
ADR TIM S A SPON ADS EACH REP 5 ORD SHS WI 12,467 12,467
ADR YARA INTL ASA SPONSORED ADR 6,128 6,128
BANK MONTREAL QUE COM 7,618 7,618
BANK N S HALIFAX COM STK 39,536 39,536
CAE INC COM NPV 19,431 19,431
CANADIAN NATL RY CO COM 69,473 69,473
CANADIAN PAC KANS CITY LTD 37,158 37,158
CENOVUS ENERGY INC COM 3,596 3,596
ENBRIDGE INC COM 120,667 120,667
GILDAN ACTIVEWEAR INC COM 8,133 8,133
IMPERIAL OIL LTD COM NEW COM NEW 34,257 34,257
NUTRIEN LTD COM NPV 8,393 8,393
SHOPIFY INC CL A SHOPIFY INC 23,058 23,058
STANTEC INC COM STK 31,515 31,515
SUNCOR ENERGY INC NEW COM STK 21,787 21,787
THOMSON REUTERS CORP FORMERLY COM NO PAR 51,031 51,031
TORONTO DOMINION BK ONT COM NEW COM NEW 8,207 8,207
ADR ENN ENERGY HLDGS LTD ADR 7,855 7,855
ADR ALIBABA GRP HLDG LTD SPON ADS E ACH REP 8 ORD SHS ADS 38,522 38,522
ADR ANHUI CONCH CEM CO LTD ADR 5,908 5,908
ADR BAIDU INC SPON ADS EACH REP 8 ORD SHS 22,389 22,389
ADR BILIBILI INC ADS REPSTG SHS CL Z 6,852 6,852
ADR BOC HONG KONG HLDGS LTD SPONSORED ADR 12,534 12,534
ADR GDS HLDGS LTD SPONSORED ADR 6,548 6,548
ADR JD COM INC SPONSORED ADR REPSTG COM CL A 25,625 25,625
ADR KE HLDGS INC SPONSORED ADS 8,073 8,073
ADR LI AUTO INC SPONSORED ADS 8,010 8,010
ADR MEITUAN UNSPON ADS EACH REP 2 ORD SHS CL B 15,610 15,610
ADR NETEASE INC SPONSORED ADR ADR EACH REPR 25 COM STK USD0.0001 17,141 17,141
ADR PDD HOLDINGS INC SPON ADS EACH REP 4 ORD SHS 22,093 22,093
ADR PROSUS N.V. ADR NASPERS NEWCO-ADR 7,467 7,467
ADR TENCENT HLDGS LTD ADR 57,592 57,592
ADR TENCENT MUSIC ENTMT GROUP ADS 12,929 12,929
ADR TRIP COM GRP LTD 11,559 11,559
ADR VIPSHOP HLDGS LTD SPONSORED ADR 11,899 11,899
ADR XPENG INC ADS 14,473 14,473
H WORLD GROUP LTD SPONSORED ADR 2,642 2,642
ADR BANCOLOMBIA S A SPONSORED ADR REPSTG4 PREF SHS 10,308 10,308
#REORG/ CHR HANSEN HLDG A/S EXCHANGE 02-27-2024 23,849 23,849
ADR A P MOLLER-MAERSK A/S ADR 12,488 12,488
ADR DSV A/S ADR UNSP EACH REPR 0.5 ORD 10,538 10,538
ADR ORSTED A/S ADR 8,736 8,736
ADR VESTAS WIND SYS A/S UNSPONSORED ADR REPSTG 3 ORD SHS 8,465 8,465
GENMAB A/S SPONSORED ADR 11,462 11,462
NOVONESIS (NOVOZYMES) B 21,468 21,468
ADR STORA ENSO CORP SPONSORED ADR REPSTGSER R SHS 8,197 8,197
ADR UPM KYMMENE CORP ADR 26,184 26,184
NORDEA BANK ABP SPON ADS EACH REP 1 ORD SHS 18,870 18,870
ADR AIR LIQUIDE ADR 64,268 64,268
ADR ARCELORMITTAL N Y REGISTRY SHS NEW 2017 N Y REGISTRY SHS NEW 2017 1,874 1,874
ADR AXA SA SPONSORED ADR 27,946 27,946
ADR BNP PARIBAS SPONSORED ADR REPSTG 625 625
ADR CAPGEMINI S E ADR 12,137 12,137
ADR DANONE SPONSORED ADR 29,332 29,332
ADR DASSAULT SYS S A SPONSORED ADR 10,735 10,735
ADR ENGIE S A SPONSORED ADR 16,477 16,477
ADR HERMES INTL SCA ADR 42,520 42,520
ADR L OREAL S A ADR 67,599 67,599
ADR LEGRAND S A ADR 2,599 2,599
ADR LVMH MOET HENNESSY LOUIS VUITTON ADR 67,417 67,417
ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR 9,662 9,662
ADR PERNOD RICARD S A SPONSORED ADR 9,355 9,355
ADR PUBLICIS GROUPE S.A. AMERICAN DEPOSITARY RECEIPTS - SPONSORED 33,756 33,756
ADR SCHNEIDER ELECTRIC SE 73,420 73,420
ADR SOCIETE GENERALE FRANCE SPONSORED ADR 9,344 9,344
ADR STMICROELECTRONICS N V SHS-N Y REGISTRY SHS-N Y REGISTRY 16,342 16,342
ADR TOTALENERGIES SE SPONSORED ADR 41,641 41,641
SODEXO 12,175 12,175
#REORG/QIAGEN EXCHANGE QIAGEN 0002T1WAR4 01-30-2024 13,637 13,637
ADR ALLIANZ SE UNSPON ADS EACH REP 1/10 ORD SHARES 30,694 30,694
ADR BAYERISCHE MOTOREN WERKE AG SPONSORED ADR 57,617 57,617
ADR COMMERZBANK A G SPONSORED ADR NEW 8,229 8,229
ADR DEUTSCHE LUFTHANSA A G SPONSORED 9,310 9,310
ADR DEUTSCHE TELEKOM AG SPONSORED ADR 9,435 9,435
ADR HEIDELBERG MATERIALS AG 12,303 12,303
ADR HENKEL AG & CO KGAA 16,678 16,678
ADR MERCEDES-BENZ GROUP AG ADR 16,344 16,344
ADR MTU AERO ENGINES HLDGS AG ADR 6,692 6,692
ADR MUNICH RE GROUP ADR 20,609 20,609
ADR SIEMENS AG COM DM50 (NEW) 62,485 62,485
ADR SYMRISE AG ADR 11,004 11,004
DEUTSCHE POST AG SPONSORED ADR 1,734 1,734
SAP SE-SPONSORED ADR 71,730 71,730
ADR AIA GROUP LTD SPONSORED ADR 33,803 33,803
ADR GEELY AUTOMOBILE HLDGS LTD 7,809 7,809
ADR HANG SENG BK LTD SPONSORED NEW 34,258 34,258
ADR LENOVO GROUP LTD SPONSORED ADR 32,977 32,977
ADR SWIRE PAC LTD SPONSORED ADR REPSTG 1CL A SH 11,766 11,766
ADR TECHTRONIC INDS LTD SPONSORED ADR 15,154 15,154
ADR ICICI BK LTD 64,010 64,010
ADR WIPRO LTD SPONSORED ADR REPSTG 1 SH SPONSORED ADR REPSTG 1 SH COM 84,670 84,670
INFOSYS LIMITED ADR 49,571 49,571
ADR PT BK CENT ASIA TBK ADR 13,898 13,898
PT BANK MANDIRI TBK UNSPON ADR 27,433 27,433
ADR ASSICURAZIONI GENERALI S P A 7,674 7,674
ADR UNICREDIT SPA ADR NEW 2017 12,176 12,176
CNH INDUSTRIAL NV COM STK 20,487 20,487
FERRARI N V FERRARI N V COMMON S TOCK 338 338
STELLANTIS N.V 23,203 23,203
TERNA RETE ELETTRICA NAZIONALE SPA ADR 8,783 8,783
#REORG PANASONIC EXCHANGE PANASONIC '2W1EAC4 04-01-2024 9,683 9,683
ADR ADVANTEST CORP SPONSORED ADR NEW 17,685 17,685
ADR AEON CO LTD 9,332 9,332
ADR ASAHI KASEI CORP ADR 5,615 5,615
ADR DAI NIPPON PRTG LTD JAPAN SPONSORED ADR ADR 25,158 25,158
ADR DAIICHI SANKYO CO LTD SPONSORED ADR LEVEL 1 SPONSORED ADR LEVEL 1 32,492 32,492
ADR DAIWA HOUSE IND LTD ADR 41,788 41,788
ADR FAST RETAILING CO LTD ADR 30,295 30,295
ADR FUJIFILM HLDGS CORP ADR 2 ORD ADR 48,330 48,330
ADR FUJITSU LTD ADR 5 COM 27,027 27,027
ADR INPEX HLDGS INC ADR ADR 19,313 19,313
ADR JAPAN AIRLS LTD ADR 7,706 7,706
ADR KAO CORP UNSP ADS EA REP 0.20 ORD SH 8,695 8,695
ADR KIRIN HOLDINGS CO LTD SPONSORED ADR 30,389 30,389
ADR KOMATSU LTD SPONSORED ISIN US5004584018 17,912 17,912
ADR KUBOTA CORP 8,836 8,836
ADR LY CORPORATION LTD UNSP ADS EA REPR 2 ORD SHS 11,262 11,262
ADR MARUBENI CORP ADR 7,524 7,524
ADR MITSUBISHI ESTATE LTD ADR MITSUBISHIEST ADR + 16,854 16,854
ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR 17,805 17,805
ADR MIZUHO FINL GROUP INC SPONSORED ADR 757 757
ADR NIPPON TELEG & TEL CORP SPONSORED ADR 75,827 75,827
ADR NIPPON YUSEN KABUSHIKI KAISHA SPONSORED ADR 2006 18,904 18,904
ADR NISSAN MTR LTD SPONSORED ADR 17,211 17,211
ADR NOMURA HLDGS INC SPONSORED ADR 9,796 9,796
ADR OMRON CORP SPONSORED ADR 7,809 7,809
ADR RENESAS ELECTRONICS CORP ADR REPSTG 1/2 COM SHS 16,003 16,003
ADR SEKISUI HOUSE LTD SPONSORED ADR 28,381 28,381
ADR SEVEN & I HLDGS CO LTD ADR 16,943 16,943
ADR SHIN ETSU CHEM CO LTD ADR 32,395 32,395
ADR SONY GROUP CORPORATION SPON ADS EACH REPR 1 ORD SHS 40,906 40,906
ADR SUMITOMO MITSUI FINL GROUP INC SPONSORED ADR 16,698 16,698
ADR SUMITOMO MITSUI TR HLDGS INC SPONSORED ADR 6,113 6,113
ADR SUNTORY BEVERAGE & FOOD LTD ADS 4,163 4,163
ADR TOKIO MARINE HLDGS INC ADR COM STK 9,021 9,021
ADR TOKYO ELECTRON LTD ADR 42,110 42,110
AJINOMOTO CO INC ADR-EACH CNV INTO 10 ORD Y50 44,737 44,737
DAIKIN INDS LTD ADR 6,306 6,306
ITOCHU CORP ADR-EACH CNV INTO 10 Y50 SHS 34,612 34,612
OLYMPUS CORP ADR 14,854 14,854
ONO PHARMACEUTICAL CO LTD ADR 34,246 34,246
OTSUKA HLDGS CO LTD ADR 32,098 32,098
SYSMEX CORP ADR 9,549 9,549
ADR KB FINL GROUP INC SPONSORED ADR REPSTG 1 COM SH ADR 35,123 35,123
ADR POSCO HOLDINGS INC ADR EACH REP 1/4 ORD KRW5000 (BNY) 33,859 33,859
ADR SHINHAN FINL GROUP CO LTD SPONSORED ADR 32,381 32,381
ADR WOORI FINL GROUP INC 20,308 20,308
ADR WAL-MART DE MEX SAB DE CV 42,642 42,642
GRUPO AEROPORTUARIO DEL SURESTE S.A.B DEC.V. 8,240 8,240
ADR ASML HLDG NV NY REG 2012 (POST REV SPLIT) 82,504 82,504
ADR ING GROEP N V SPONSORED ADR 5,693 5,693
ADR KONINKLIJKE AHOLD DELHAIZE N V SPONSORED ADR NEW 2016 24,510 24,510
COCA-COLA EUROPACIFIC PARTNERS 43,848 43,848
KONINKLIJKE PHILIPS NV 25,056 25,056
ADR DNB BK ASA SPONSORED ADR 23,302 23,302
ADR EQUINOR ASA SPONSORED ADR 36,038 36,038
ADR NORSK HYDRO A S SPONSORED ADR 20,741 20,741
ADR ORKLA A S SPONSORED ADR 8,823 8,823
ADR PLDT INC SPONSORED ADR 8,693 8,693
EDP-ENERGIAS DE PORTUGAL S A 34,272 34,272
ADR SINGAPORE AIRLS LTD ADR 16,920 16,920
ADR SINGAPORE TELECOMMUNICATIONS LTD SPONSORED ADR NEW 2006 35,399 35,399
ADR ANGLO AMERN PLATINUM LTD SPONSORED ADR 14,880 14,880
ADR ANGLO AMERN PLC SPONSORED ADR 15,176 15,176
ADR GOLD FIELDS LTD NEW SPONSORED ADR 492 492
ADR IMPALA PLATINUM HLDGS LTD SPONSORED ADR REPSTG 1/4 SH 10,014 10,014
ADR MTN GROUP LTD SPONSORED ADR 8,475 8,475
ADR SANLAM LTD SPONSORED ADR 10,917 10,917
ADR VODACOM GROUP LIMITED SPONSORED ADR 7,334 7,334
ANGLOGOLD ASHANTI PLC ORD USD1 262 262
NASPERS SPON ADR EACH REP 0.2 ORD SHS (P/S)CL N 6,080 6,080
ADR AENA SME S A ADR 10,591 10,591
ADR AMADEUS IT GROUP S A ADS 27,462 27,462
ADR CELLNEX TELECOM S A ADR 16,301 16,301
ADR GRIFOLS S A SPONSORED ADR REPSTG 1/2CL B NON VTG NEW 10,970 10,970
ADR INDUSTRIA DE DISENO TEXTIL INDITEX SA ADR ADR 10,463 10,463
ADR TELEFONICA S A SPONSORED 16,571 16,571
BANCO SANTANDER S.A. 18,419 18,419
ADR ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM CLASS A 31,305 31,305
ADR BOLIDEN AB ADR 8,573 8,573
ADR EPIROC AB UNSPON ADS EACH REP 1 ORD SHS 8,889 8,889
ADR HUSQVARNA AB SPONSORED ADR REPSTG 2 CL B SHS 15,176 15,176
ADR SWEDBANK A B SPONSORED ADR 19,280 19,280
ADR VOLVO AB ADR 11,027 11,027
ADR ABB LTD SPONSORED ADR 30,700 30,700
ADR GIVAUDAN SA ADR 41,540 41,540
ADR NESTLE S A SPONSORED ADR REPSTG REG SH 57,352 57,352
ADR ZURICH INS GROUP LTD SPONSORED 55,945 55,945
GDR SWISSCOM SPONSORED ADR 32,497 32,497
LOGITECH INTERNATIONAL SA CHF0.25(REGD) (POST-SUBD) 9,696 9,696
UBS GROUP AG COMMON STOCK 61,429 61,429
ADR TAIWAN SEMICONDUCTOR MANUFACTURING ADS REP 5 TWD10 185,952 185,952
ADR UNITED MICROELECTRONICS CORP SPONSORED ADR NEW 61,428 61,428
ADR TURKCELL ILETISIM HIZMET ADS EACH REPR 2.5 TRADABLE SHS TRY1 8,788 8,788
ADR 3I GROUP ADR 9,952 9,952
ADR ASSOCIATED BRIT FOODS LTD ADR NEW 12,572 12,572
ADR COMPASS GROUP PLC SPON ADR EACH REP 1 ORD SHS (POST SPLT) 44,190 44,190
ADR HSBC HLDGS PLC SPONSORED ADR NEW 75,972 75,972
ADR LONDON STK EXCHANGE GROUP ADR 31,294 31,294
ADR NATIONAL GRID PLC SPONSORED ADR NEW 2017 45,553 45,553
ADR PEARSON PLC SPONSORED ADR 15,166 15,166
ADR RELX PLC SPONSORED ADR 70,476 70,476
ADR RIO TINTO PLC SPONSORED ADR 19,583 19,583
ADR SEVERN TRENT PLC SPONSORED ADR 10,587 10,587
ADR SPONSORED ADR 12,803 12,803
ADR UNILEVER PLC SPONSORED ADR NEW 22,107 22,107
ADR VODAFONE GROUP PLC NEW SPONSORED ADRNO PAR 6,751 6,751
AVIVA PLC ADR NEW 30,459 30,459
DIAGEO PLC SPONSORED ADR NEW 42,533 42,533
NATWEST GROUP PLC SPON ADS EACH REPR 2 ORD SHS WI 6,441 6,441
#REORG KARUNA CASH MERGER 03-8-2024 12,027 12,027
#REORG/MIRATI MERGER CONTRA MIRATI 2T1RAH401-23-2024 3,525 3,525
3M CO COM 17,819 17,819
ACCENTURE PLC CLS A 106,326 106,326
ADOBE INC COM 94,859 94,859
ADR SWISS RE LTD SPONSORED ADR 58,194 58,194
ADVANCED MICRO DEVICES INC COM 75,916 75,916
AES CORP COM 7,546 7,546
AFFIRM HLDGS INC CL A CL A 6,585 6,585
AGCO CORP COM 243 243
AGILENT TECHNOLOGIES INC COM 32,950 32,950
AIR PROD & CHEM INC COM 10,404 10,404
AIRBNB INC CL A COM USD0.0001 CL A 545 545
AKAMAI TECHNOLOGIES INC COM STK 11,125 11,125
ALBEMARLE CORP COM 7,224 7,224
ALNYLAM PHARMACEUTICALS INC COM 16,461 16,461
ALPHABET INC CAPITAL STOCK USD0.001 CL A 365,988 365,988
AMAZON COM INC COM 322,569 322,569
AMER ELEC PWR CO INC COM 12,264 12,264
AMERICAN EXPRESS CO 48,708 48,708
AMERICAN TOWER CORP 25,690 25,690
AMERICAN WTR WKS CO INC NEW COM 12,935 12,935
AMGEN INC COM 67,973 67,973
ANALOG DEVICES INC COM 18,665 18,665
APELLIS PHARMACEUTICALS INC COM 9,398 9,398
APOLLO GLOBAL MANAGEMENT INC COM USD0.00001 7,735 7,735
APPLE INC COM STK 705,622 705,622
APPLIED MATERIALS INC COM 35,817 35,817
APTARGROUP INC COM 13,475 13,475
APTIV PLC COM USD 4,217 4,217
ARCHER-DANIELS-MIDLAND CO COM 15,238 15,238
ARISTA NETWORKS INC COM 20,725 20,725
ARROWHEAD PHARMACEUTICALS INC COM 826 826
ASPEN TECHNOLOGY INC COM USD0.10 8,366 8,366
AT&T INC COM 21,076 21,076
ATLASSIAN CORP CL A 12,131 12,131
AUTODESK INC COM 3,409 3,409
AUTOMATIC DATA PROCESSING INC COM 14,211 14,211
AVALONBAY CMNTYS REIT 42,125 42,125
AVANTOR INC COM 9,452 9,452
AVERY DENNISON CORP COM 10,917 10,917
AVNET INC COM 252 252
AXON ENTERPRISE INC COM 8,525 8,525
BAKER HUGHES CO 16,338 16,338
BALL CORP COM 11,964 11,964
BANK NEW YORK MELLON CORP COM STK 52,779 52,779
BANK OF AMERICA CORP 80,135 80,135
BAXTER INTL INC COM 8,737 8,737
BECTON DICKINSON & CO COM 22,676 22,676
BEST BUY INC COM STK 14,795 14,795
BIO RAD LABORATORIES INC CL A CL A 4,520 4,520
BIOGEN INC COMMON STOCK 34,675 34,675
BIOMARIN PHARMACEUTICAL INC COM ISIN CH0008107010 6,846 6,846
BLOCK INC 7,503 7,503
BOOZ ALLEN HAMILTON HLDG CORP CL A COM STK 7,419 7,419
BOSTON SCIENTIFIC CORP COM 51,624 51,624
BROADCOM INC COM 109,393 109,393
BROADRIDGE FINL SOLUTIONS INC COM STK 617 617
BROWN-FORMAN INC CL B NON-VTG COM 11,363 11,363
BRUKER CORP 8,524 8,524
BUNGE GLOBAL SA F COMMON STOCK 26,146 26,146
BURLINGTON STORES INC COM 7,585 7,585
CADENCE DESIGN SYS INC COM 14,980 14,980
CAMPBELL SOUP CO COM 7,868 7,868
CARDINAL HLTH INC 28,325 28,325
CARRIER GLOBAL CORPORATION COM USD0.01 WI 42,168 42,168
CATALENT INC COM 11,817 11,817
CATERPILLAR INC COM 31,341 31,341
CBOE GLOBAL MARKETS INC 8,749 8,749
CBRE GROUP INC CL A CL A 19,177 19,177
CENCORA INC 45,389 45,389
CF INDS HLDGS INC COM 8,745 8,745
CHART INDS INC COM PAR $0.01 COM PAR $0.01 954 954
CHENIERE ENERGY INC COM NEW 14,340 14,340
CHEVRON CORP COM 56,830 56,830
CISCO SYSTEMS INC 70,576 70,576
CITIGROUP INC COM NEW COM NEW 25,977 25,977
CLOROX CO COMMON STOCK USD 1 PAR 30,514 30,514
CLOUDFLARE INC COM 416 416
CME GROUP INC COM STK 17,059 17,059
COCA COLA CO COM 98,943 98,943
COGNIZANT TECH SOLUTIONS CORP CL A 21,224 21,224
COLGATE-PALMOLIVE CO COM 76,043 76,043
COM ALCOA CORPORATION COM USD0.01 12,036 12,036
COMCAST CORP NEW-CL A 27,143 27,143
COMMERCIAL METALS CO COM 1,251 1,251
CONOCOPHILLIPS COM 73,704 73,704
CRH ORD EUR 0.32 79,327 79,327
CROWDSTRIKE HLDGS INC CL A CL A 9,957 9,957
CROWN HLDGS INC COM 9,577 9,577
CSX CORP COM STK 8,841 8,841
CUMMINS INC 8,864 8,864
CVS HEALTH CORP COM 31,505 31,505
DANAHER CORP COM 114,513 114,513
DAVITA INC COM 1,886 1,886
DECKERS OUTDOOR CORP COM 20,721 20,721
DEERE & CO COM 15,595 15,595
DELL TECHNOLOGIES INC COM USD0.01 CL C WI COMMON STOCK 23,639 23,639
DEXCOM INC COM 7,569 7,569
DICKS SPORTING GOODS INC OC-COM OC-COM 9,699 9,699
DIGITAL RLTY TR INC COM 19,380 19,380
DOW INC COM USD0.01 WI 658 658
DTE ENERGY CO COM 3,308 3,308
DUPONT DE NEMOURS INC COMMON STOCK 8,924 8,924
EATON CORP PLC COM USD0.50 27,694 27,694
ECOLAB INC COM STK USD1 69,423 69,423
EDISON INTL COM 429 429
ELEVANCE HEALTH INC 69,319 69,319
ENPHASE ENERGY INC COM 7,268 7,268
EOG RESOURCES INC COM 30,358 30,358
EQUINIX INC COM PAR $0.001 14,497 14,497
ESTEE LAUDER COMPANIES INC CL A USD0.01 10,091 10,091
EVERSOURCE ENERGY COM 32,650 32,650
EXACT SCIENCES CORP COM 3,625 3,625
EXELON CORP COM 898 898
EXXON MOBIL CORP COM 45,091 45,091
FACTSET RESH SYS INC COM STK 9,541 9,541
FIRSTENERGY CORP COM 18,513 18,513
FMC CORP COM (NEW) 7,944 7,944
FOOT LOCKER INC COM 280 280
FORD MTR CO DEL COM PAR $0.01 COM PAR $0.01 9,813 9,813
FTI CONSULTING INC COM 12,945 12,945
GAP INC COM 12,462 12,462
GEN DIGITAL INC COM USD0.01 16,202 16,202
GEN MTRS CO COM 22,055 22,055
GENERAL MILLS INC COM 7,491 7,491
GENUINE PARTS CO COM 5,817 5,817
GILEAD SCIENCES INC 56,383 56,383
GOLDMAN SACHS GROUP INC COM 11,959 11,959
GRAINGER W W INC COM 29,004 29,004
HALOZYME THERAPEUTICS INC COM 9,018 9,018
HARTFORD FINL SVCS GROUP INC COM 83,836 83,836
HASBRO INC COM 3,830 3,830
HEALTHEQUITY INC COM 8,420 8,420
HERSHEY COMPANY COM STK USD1 11,000 11,000
HESS CORP COM STK 8,938 8,938
HILTON WORLDWIDE HLDGS INC COM NEW COM NEW 63,367 63,367
HOME DEPOT INC COM 56,834 56,834
HOST HOTELS & RESORTS INC REIT 3,174 3,174
HOWMET AEROSPACE INC COM USD1.00 WI 4,492 4,492
HP INC COM 24,463 24,463
HUMANA INC COM 4,578 4,578
ILL TOOL WKS INC COM 55,007 55,007
ILLUMINA INC COM 16,291 16,291
INSULET CORP COM STK 4,123 4,123
INTEL CORP COM 67,084 67,084
INTERNATIONAL BUSINESS MACHS CORP COM 29,275 29,275
INTL FLAVORS & FRAGRANCES INC COM 23,481 23,481
INTUIT COM 64,378 64,378
INTUITIVE SURGICAL INC COM NEW STK 10,458 10,458
IRON MTN INC NEW COM 11,127 11,127
JOHNSON CTLS INTL PLC COM USD0.01 8,127 8,127
JPMORGAN CHASE & CO COM 133,018 133,018
JUNIPER NETWORKS INC COM 8,372 8,372
KEURIG DR PEPPER INC COM 16,960 16,960
KEYSIGHT TECHNOLOGIES INC COM 31,023 31,023
KIMBERLY-CLARK CORP COM 30,378 30,378
KINDER MORGAN INC DEL COM 31,011 31,011
KLA CORPORATION COM USD0.001 8,720 8,720
KROGER CO COM 39,722 39,722
LAM RESH CORP COM 14,882 14,882
LINCOLN NATL CORP COM 243 243
LINDE PLC 78,035 78,035
LOWES COS INC COM 26,483 26,483
LPL FINL HLDGS INC COM 7,967 7,967
LULULEMON ATHLETICA INC COM 9,203 9,203
LYONDELLBASELL IND N V COM USD0.01 CL 'A' 8,557 8,557
MARATHON PETE CORP COM 39,464 39,464
MARAVAI LIFESCIENCES HLDGS INC CL A CL A 7,493 7,493
MARRIOTT INTL INC NEW COM STK CL A 25,483 25,483
MARSH & MCLENNAN CO'S INC COM 568 568
MASTERCARD INC CL A 127,100 127,100
MC CORMICK & CO INC COM NON-VTG 7,731 7,731
MC DONALDS CORP COM 11,564 11,564
MCKESSON CORP 58,335 58,335
MEDPACE HLDGS INC COM 11,955 11,955
MEDTRONIC PLC COMMON STOCK STOCK 69,858 69,858
MERCURY SYSTEMS INC 7,716 7,716
META PLATFORMS INC COM USD0.000006 CL 'A' 192,908 192,908
METLIFE INC COM STK USD0.01 7,605 7,605
METTLER-TOLEDO INTL INC COM 10,917 10,917
MICRON TECH INC COM 22,871 22,871
MICROSOFT CORP COM 657,694 657,694
MODERNA INC COM 17,404 17,404
MOLSON COORS BEVERAGE COMPANY COM USD0.01 CLASS B 9,426 9,426
MONDELEZ INTL INC COM 36,070 36,070
MOODYS CORP COM 71,472 71,472
MORGAN STANLEY COM STK USD0.01 11,470 11,470
MORNINGSTAR INC COM STK 9,160 9,160
MOSAIC CO/THE 16,186 16,186
MOTOROLA SOLUTIONS INC 28,178 28,178
NASDAQ INC 29,942 29,942
NATERA INC COM 1,065 1,065
NETAPP INC COM STK 11,284 11,284
NETFLIX INC COM STK 40,411 40,411
NEWMONT CORPORATION 40,231 40,231
NEXTERA ENERGY INC COM 15,914 15,914
NIKE INC CL B 6,406 6,406
NORFOLK SOUTHN CORP COM 27,420 27,420
NRG ENERGY INC COM NEW 9,048 9,048
NVENT ELECTRIC PLC COM USD0.01 WI 1,064 1,064
NVIDIA CORP COM 292,180 292,180
NXP SEMICONDUCTORS N V COM STK 919 919
OCCIDENTAL PETROLEUM CORP 3,523 3,523
OKTA INC CL A CL A 4,436 4,436
OMNICOM GROUP INC COM 40,141 40,141
ON SEMICONDUCTOR CORP COM 1,336 1,336
ORACLE CORP COM 27,201 27,201
ORMAT TECHNOLOGIES INC COM 8,110 8,110
OWENS CORNING NEW COM STK 41,208 41,208
PALO ALTO NETWORKS INC COM USD0.0001 12,680 12,680
PAYPAL HLDGS INC COM 8,352 8,352
PEPSICO INC COM 105,640 105,640
PHILLIPS 66 COM 17,042 17,042
PIONEER NAT RES CO COM 34,632 34,632
PNC FINANCIAL SERVICES GROUP COM STK 10,220 10,220
PROCTER & GAMBLE COM NPV 61,840 61,840
PROGRESSIVE CORP OH COM 18,954 18,954
PROLOGIS INC COM 41,590 41,590
PUB SERVICE ENTERPRISE GROUP INC COM 25,866 25,866
QUALCOMM INC COM 36,591 36,591
REGENCY CTRS CORP COM 13,869 13,869
REINSURANCE GROUP AMER INC COM NEW STK 11,163 11,163
REPLIGEN CORP COM STK USD0.01 18,160 18,160
REPUBLIC SVCS INC COM 59,038 59,038
RESMED INC COM 14,106 14,106
REVVITY INC 17,490 17,490
ROSS STORES INC COM 10,656 10,656
S&P GLOBAL INC COM 96,033 96,033
S.W. AIRL CO COM 2,484 2,484
SALESFORCE INC COM USD0.001 98,414 98,414
SCHLUMBERGER LTD COM COM 23,210 23,210
SCHWAB CHARLES CORP COM NEW 16,168 16,168
SEAGATE TECHNOLOGY HOLDINGS PLC 17,757 17,757
SERVICENOW INC COM USD0.001 36,737 36,737
SHERWIN-WILLIAMS CO COM 20,274 20,274
SMUCKER J M CO COM NEW 7,709 7,709
SNAP INC SNAP INC 880 880
STARBUCKS CORP COM 38,404 38,404
STATE STR CORP COM 24,400 24,400
STRYKER CORP 17,968 17,968
SUN COMMUNITIES INC COM 7,618 7,618
SUNRUN INC COM 7,381 7,381
SYNOPSYS INC COM 12,873 12,873
TARGET CORP COM STK 23,072 23,072
TE CONNECTIVITY LTD 26,695 26,695
TESLA INC COM USD0.001 158,779 158,779
TEXAS INSTRUMENTS INC COM 32,046 32,046
THE CIGNA GROUP 79,953 79,953
TJX COS INC COM NEW 48,406 48,406
TRANE TECHNOLOGIES PLC COM USD1 11,463 11,463
TWILIO INC CL A CL A 1,290 1,290
TYSON FOODS INC CL A COM (DELAWARE) 13,706 13,706
UBER TECHNOLOGIES INC COM USD0.00001 25,428 25,428
UGI CORP NEW COM 7,503 7,503
ULTRAGENYX PHARMACEUTICAL INC COM 8,416 8,416
UNION PAC CORP COM 42,738 42,738
UNITED RENTALS INC COM 13,189 13,189
UNITED THERAPEUTICS CORP DEL COM STK 7,916 7,916
UNUM GROUP 7,823 7,823
US BANCORP 10,301 10,301
V F CORP COM 7,294 7,294
VALERO ENERGY CORP COM STK NEW 8,710 8,710
VENTAS INC REIT 28,359 28,359
VERALTO CORP COM 82 82
VERISK ANALYTICS INC COM USD0.001 61,626 61,626
VERIZON COMMUNICATIONS COM 39,736 39,736
VISA INC COM CL A STK 137,986 137,986
VISTRA CORP COM USD0.01 8,628 8,628
WALGREENS BOOTS ALLIANCE INC COM 8,616 8,616
WALMART INC COM 18,130 18,130
WALT DISNEY CO 23,385 23,385
WARNER BROS DISCOVERY INC 7,181 7,181
WASTE MGMT INC DEL COM STK 71,282 71,282
WATERS CORP COM 18,108 18,108
WELLS FARGO & CO NEW COM STK 15,012 15,012
WELLTOWER INC COM REIT 16,140 16,140
WEST PHARMACEUTICAL SVCS INC COM 31,339 31,339
WESTN DIGITAL CORP COM 13,197 13,197
WEYERHAEUSER CO COM 58,900 58,900
WILLIAMS SONOMA INC COM 13,721 13,721
WORKDAY INC CL A COM USD0.001 11,595 11,595
XCEL ENERGY INC COM 7,615 7,615
XYLEM INC COM 4,917 4,917
YUM BRANDS INC COM 26,132 26,132
ZOETIS INC COM USD0.01 CL 'A' 52,106 52,106
ADR COMPANHIA ENERGETICA DE MINAS GERAISSPONSORED 13,890 13,890

TY 2023 InvestmentsOtherSchedule2
Name:
Better Way Foundation
EIN:
36-3608625
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Carlyle Europe Parts II, L.P. FMV 15,432 15,432
CIS Catholic Impact Fund II, LP FMV 762,135 762,135
Adler Asian Private Eqty, LLC FMV 18,870 18,870
Adler Bond Fund, LLC FMV 14,244,803 14,244,803
Adler CPV, LLC FMV 46,606 46,606
Adler Energy Infrastr III, LLC FMV 5,911 5,911
Adler Energy Infrastr IV, LLC FMV 1,474 1,474
Adler Health Care, LLC FMV 2,796 2,796
Adler New Euro Priv Eqty, LLC FMV 38,619 38,619
Adler Opportunistic Debt, LLC FMV 980 980
Adler Energy Finance, LLC FMV 4,542 4,542
Adler Opportunistic Debt II, L FMV 1,083,162 1,083,162
Adler CPVI, LLC FMV 266,629 266,629
Adler Energy Infrastr V, LLC FMV 184,290 184,290
Adler Health Partners III, LLC FMV 1,971,365 1,971,365
Adler Small Buyout Fund, LLC FMV 547,292 547,292
Adler Trans Recovery Fd, LLC FMV 524,354 524,354
Adler Co-invest Opp Fd, LLC FMV 630,436 630,436
Adler NGP XI, LLC FMV 875,567 875,567
Adler Energy Finance II, LLC FMV 64,322 64,322
Adler Opportunistic Debt III FMV 771,535 771,535
Adler SG Small Buyout Fund III FMV 998,264 998,264
Adler Cinven VI, LLC FMV 601,220 601,220
Adler MPE Fund II, LLC FMV 777,101 777,101
Adler Southfield II, LLC FMV 3,215,008 3,215,008
Adler Health Partners IV, LLC FMV 1,873,835 1,873,835
Adler Frontenac XI, LLC FMV 3,784,273 3,784,273
Adler 2018 Alternative Investments, LLC FMV 3,759,695 3,759,695
Adler 2019 Alternative Investments, LLC FMV 5,799,536 5,799,536
Adler Panco Fund IV, LLC FMV 1,499,138 1,499,138
Adler 2020 Alternative Investments, LLC FMV 2,879,415 2,879,415
Adler 2022 Alternative Investments, LLC FMV 947,358 947,358

TY 2023 OtherAssetsSchedule
Name:
Better Way Foundation
EIN:
36-3608625
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI 1,800,000 2,500,000 2,500,000


TY 2023 OtherExpensesSchedule
Name:
Better Way Foundation
EIN:
36-3608625
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Dues and Subscriptions 13,577 0   13,577
Bank Fees 37,829 37,829   0
Miscellaneous 1,401 0   1,401
Pass-Through Portfolio Deductions 0 806,450   0
Professional Development 7,354 0   7,354
Insurance 3,971 0   3,971
Communications 18,248 0   21,971


TY 2023 OtherIncomeSchedule2
Name:
Better Way Foundation
EIN:
36-3608625
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Allocated Partnership Income 4,760,619 0 4,760,619
Allocated Partnership Income   1,203,368  


TY 2023 OtherIncreasesSchedule
Name:
Better Way Foundation
EIN:
36-3608625
Description Amount
Unrealized Gain/(Loss) 3,046,238


TY 2023 OtherProfessionalFeesSchedule
Name:
Better Way Foundation
EIN:
36-3608625
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Program Fees 683,619 0   821,537
Consulting Fees 23,500 0   23,500
Investment Management Fees 47,000 47,000   0
Grants Management Fee 57,275 0   76,357


TY 2023 TaxesSchedule
Name:
Better Way Foundation
EIN:
36-3608625
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise Tax 238,097 0   0
Foreign Tax 0 1,897   0