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
PEMA FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)770 HIGH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80218
A Employer identification number

30-0202608
B Telephone number (see instructions)

(303) 694-2190
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$37,898,972J 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) 3,977,829
2 Check right arrow.............
3 Interest on savings and temporary cash investments 47,685 47,685  
4 Dividends and interest from securities... 730,319 729,054  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -534,049
b Gross sales price for all assets on line 6a 8,457,009
7 Capital gain net income (from Part IV, line 2)... 0
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
92,135 92,135  
12 Total. Add lines 1 through 11........ 4,313,919 868,874  
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
8,300 7,470   830
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
162,456 162,456   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
22,728 12,728   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,606 8,203   8,203
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 210,090 190,857   9,033
25 Contributions, gifts, grants paid....... 2,740,243 2,740,243
26 Total expenses and disbursements. Add lines 24 and 25 2,950,333 190,857   2,749,276
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,363,586
b Net investment income (if negative, enter -0-) 678,017
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............. 1,803,046 3,778,078 3,778,078
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow133,667
Less: allowance for doubtful accounts right arrow   2,000 133,667 133,667
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,352,728 Click to see attachment
List of Attached Documents:
// Content
6,816,253 		7,632,547
c Investments—corporate bonds (attach schedule)....... 15,597,356 Click to see attachment
List of Attached Documents:
// Content
15,388,728 		26,038,680
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).......... 1,363,478 Click to see attachment
List of Attached Documents:
// Content
329,918 		316,000
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,118,608 26,446,644 37,898,972
Liabilities 17 Accounts payable and accrued expenses.......... 78,213 42,663
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 78,213 42,663
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........ 3,845,434 3,845,434
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 21,194,961 22,558,547
29 Total net assets or fund balances (see instructions)..... 25,040,395 26,403,981
30 Total liabilities and net assets/fund balances (see instructions). 25,118,608 26,446,644
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
25,040,395
2
Enter amount from Part I, line 27a .....................
2
1,363,586
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
26,403,981
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
26,403,981
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 AMG 0167 P    
b AMG 0167 P    
c AMG 3528 P    
d AMG 3528 P    
e TAIGA BIO TECH-DEEMED WORTHLESS P    
CAPITAL GAINS DIVIDENDS P    
(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 1,595,431   1,653,047 -57,616
b 1,187,486   1,060,016 127,470
c 2,693,813   2,763,023 -69,210
d 2,877,018   2,494,972 382,046
e     1,020,000 -1,020,000
103,261     103,261
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       -57,616
b       127,470
c       -69,210
d       382,046
e       -1,020,000
      103,261
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 -534,049
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 9,424
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 9,424
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 9,424
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 22,081
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 47,081
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 37,657
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow37,657 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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 arrowDE
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 arrowAMG NATIONAL TRUST BANK Telephone no.right arrow (303) 694-2190

Located atright arrow6295 GREENWOOD PLAZA BLVDGREENWOOD VILLAGECO ZIP+4right arrow801114908
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
PETER H COORS DIRECTOR
0.50 		0 0 0
770 HIGH STREET
DENVER,CO80218
MARILYN E COORS DIRECTOR
0.50 		0 0 0
770 HIGH STREET
DENVER,CO80218
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
NONE
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
31,575,857
b
Average of monthly cash balances.......................
1b
2,586,584
c
Fair market value of all other assets (see instructions)................
1c
663,200
d
Total (add lines 1a, b, and c).........................
1d
34,825,641
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
34,825,641
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
522,385
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
34,303,256
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,715,163
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
1,715,163
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,424
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,424
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,705,739
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,705,739
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,705,739
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,749,276
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,749,276
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,705,739
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 650,543
b From 2019...... 772,265
c From 2020...... 275,792
d From 2021...... 5,540
e From 2022...... 1,143,116
f Total of lines 3a through e ........ 2,847,256
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,749,276
a Applied to 2022, but not more than line 2a 0
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..... 1,705,739
e Remaining amount distributed out of corpus 1,043,537
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 3,890,793
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) ... 		650,543
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		3,240,250
10 Analysis of line 9:
a Excess from 2019.... 772,265
b Excess from 2020.... 275,792
c Excess from 2021.... 5,540
d Excess from 2022.... 1,143,116
e Excess from 2023.... 1,043,537
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).)
PETER H COORS
MARILYN E COORS
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

ACE SCHOLARSHIPS

1201 E COLFAX AVE
DENVER,CO80218 		NONE EXEMPT EDUCATION 364,250

ACM LIFTING LIVES

5500 BALBOA BLVD
ENCINO,CA91316 		NONE EXEMPT COMMUNITY 10,000

ALPHA SIGMA NU

PO BOX 1881
MILWAUKEE,WI532011881 		NONE EXEMPT COMMUNITY SERVICE 200

ALZHEIMER'S ASSOCIATION

455 N SHERMAN ST STE 500
DENVER,CO80203 		NONE EXEMPT MEDICAL 1,000

AMERICAN ENTERPRISE INSTITUTE

1150 17TH ST NW
WASHINGTON,DC20036 		NONE EXEMPT COMMUNITY SERVICE 372,000

AMERICAN RED CROSS

444 N SHERMAN ST
DENVER,CO80203 		NONE EXEMPT COMMUNITY SERVICE 25,000

ARCHBISHOP'S CATHOLIC APPEAL

PO BOX 100316
DENVER,CO80250 		NONE EXEMPT RELIGIOUS 50,000

ARRUPE JESUIT HIGH SCHOOL

4343 UTICA STREET
DENVER,CO80212 		NONE EXEMPT EDUCATION 5,000

AUGUSTINE INSTITUTE

6160 S SYRACUSE WAY SUITE 310
GREENWOOD VILLAGE,CO80111 		NONE EXEMPT EDUCATION 50,000

BAYLOR SCOTT WHITE FOUNDATION

301 N WASHINGTON AVE
DALLAS,TX75246 		NONE EXEMPT MEDICAL 5,000

BETHESDA TEACHING MINISTRY

PO BOX 20028
EL CAJON,CA92021 		NONE EXEMPT EDUCATION 500

BOY SCOUTS OF AMERICA-DENVER AREA COUNCIL

10455 W 6TH AVE
LAKEWOOD,CO80215 		NONE EXEMPT COMMUNITY 10,000

CATHOLIC CHARITIES

4045 PECOS STREET
DENVER,CO80211 		NONE EXEMPT COMMUNITY 11,000

CATHOLIC RELIEF SERVICES

5304 KORTH DRIVE
AUSTIN,TX75742 		NONE EXEMPT COMMUNITY 25,000

CELL-CO REMEMBERS 911

1385 CURTIS STREET
DENVER,CO80204 		NONE EXEMPT COMMUNITY 5,000

CENTER FOR AMERICAN LIBERTY

PO BOX 200942
PITTSBURG,PA152510942 		NONE EXEMPT COMMUNITY 2,000

CF FOUNDATION

400 S COLORADO BLVD STE 840
DENVER,CO80246 		NONE EXEMPT COMMUNITY 500

CHOSEN AND DEARLY LOVED

16301 NE 8TH STREET STE 201
BELLEVUE,WA98008 		NONE EXEMPT COMMUNITY 20,000

CHICAGO BALCKHAWKS FOUNDATION

1901 W MADISON ST
CHICAGO,IL60612 		NONE EXEMPT COMMUNITY 10,000

CO2 FOUNDATION

725 9TH AVE 2605
SEATTLE,WA98104 		NONE EXEMPT CHARITABLE 200

COMMON SENSE POLICY ROUNDTABLE

4950 S YOSEMITE STREET F2 314
GREENWOOD VILLAGE,CO80111 		NONE EXEMPT EDUCATION 20,000

CONVENTION OF STATES ACTION

5850 SAN FELIPE STREET SUITE 580
HOUSTON,TX77057 		NONE EXEMPT COMMUNITY 40,000

DELTA WATERFOWL FOUNDATION

1412 BASIN AVE PO BOX 3128
BISMARCK,ND58502 		NONE EXEMPT COMMUNITY 1,000

DENVER ART MUSEUM

100 W 14TH AVE PKWY
DENVER,CO802042788 		NONE EXEMPT COMMUNITY 20,000

DENVER BOTANIC GARDENS

1007 YORK STREET
DENVER,CO80206 		NONE EXEMPT COMMUNITY 6,000

DENVER PARKS TRUST

201 W COLFAX AVE
DENVER,CO80202 		NONE EXEMPT COMMUNITY 5,000

DENVER POLICE FOUNDATION

1700 LINCOLN STREET STE 4100
DENVER,CO80203 		NONE EXEMPT COMMUNITY 10,000

DENVER RESCUE MISSION

6100 SMITH RD
DENVER,CO80216 		NONE EXEMPT COMMUNITY 4,500

DUCKS UNLIMITED

3648 HEATHERWOOD WAY
EVERGREEN,CO80439 		NONE EXEMPT COMMUNITY 24,250

EVANS SCHOLAR FOUNDATION

2501 PATRIOT BLVD
GLENVIEW,IL60026 		NONE EXEMPT COMMUNITY 2,500

FAMILY FOR FAMILIES

14143 DENVER WEST PKWY STE 400
GOLDEN,CO80401 		NONE EXEMPT COMMUNITY 100,000

FIRE FIGHTERS FOUNDATION

12 LAKESIDE LANE STE 200
DENVER,CO80212 		NONE EXEMPT COMMUNITY 20,000

FOCUS

603 PARK POINT DRIVE
GENESEE,CO80401 		NONE EXEMPT RELIGIOUS 25,000

FRIENDS OF THE ASHBROOK CENTER

401 COLLEGE AVE
ASHLAND,OH44805 		NONE EXEMPT EDUCATION 1,000

GATES CENTER FOR REGENERATIVE MEDICINE

NORTH REASEARCH COMPLEX 1 12800 E
19TH AVE
AURORA,CO80045 		NONE EXEMPT MEDICAL 10,000

GLOBAL DOWN SYNDROME FOUNDATION

3239 E 2ND AVE
DENVER,CO80206 		NONE EXEMPT COMMUNITY 10,000

GOLD CROWN FOUNDATION

150 S HARLAN ST
LAKEWOOD,CO80226 		NONE EXEMPT COMMUNITY 10,000

GRATEFUL MUSIC FOUNDATION

11605 WEST 73RD AVENUE
ARVADA,CO80005 		NONE EXEMPT COMMUNITY 1,000

HELP FOR AFGANISTAN

18501 EMPRESA PL
AUSTIN,TX78738 		NONE EXEMPT COMMUNITY 250

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		NONE EXEMPT EDUCATION 1,000

INDEPENDENCE INSTITUTE

4 WEEMS LANE 312
WINCHESTER,VA22601 		NONE EXEMPT COMMUNITY 30,000

JEFFCO KIDS FIRST

1829 DENVER WEST DRIVE 27
GOLDEN,CO80401 		NONE EXEMPT COMMUNITY 5,000

JUNIOR ACHIEVEMENT

1445 MARKET ST SUITE 200
DENVER,CO80202 		NONE EXEMPT COMMUNITY 110,900

LEADERSHIP INSTITUTE

1201 LARIMER ST
DENVER,CO80204 		NONE EXEMPT COMMUNITY 1,000

LEGATUS

PO BOX 444
ANN ARBOR,MI48106 		NONE EXEMPT COMMUNITY 1,443

MERCY CHEFS

711 WASHINGTON ST
PORTSMOUTH,VA23704 		NONE EXEMPT COMMUNITY 5,000

MIZEL INSTITUTE

400 S CARNEY STREET
DENVER,CO80224 		NONE EXEMPT EDUCATION 10,000

NATIONAL CATHOLIC BIOETHICS CENTER

6399 DREXEL ROAD
PHILADELPHIA,PA19151 		NONE EXEMPT HEALTH 50,000

NATIONAL WESTERN STOCK SHOW

4655 HUMBOLDT STREET
DALLAS,CO802162818 		NONE EXEMPT COMMUNITY 523,400

NAVY SEAL FOUNDATION

1619 D STREET BLDG 5326
VIRGINIA BEACH,VA23459 		NONE EXEMPT COMMUNITY 25,000

OPERA COLORADO

4121 S NAVAJO ST STE 100
ENGLEWOOD,CO80110 		NONE EXEMPT COMMUNITY 10,000

PHILLIPS EXETER ACADEMY

20 MAIN STREET
EXETER,NH03833 		NONE EXEMPT CHARITABLE 15,000

RELIGIOUS SISTERS OF MERCY

1965 MICHIGAN AVE
ALMA,MI48801 		NONE EXEMPT RELIGIOUS 30,000

ROCKY MOUNTAIN HYPERBARIC ASSOCIATION FOR BRAIN INJURIES

225 W SOUTH BOULDER ROAD
LOUISVILLE,CO80027 		NONE EXEMPT HEALTH 20,000

ROCKY MOUNTAIN VOICE

8200 S QUEBEC ST STE A3601
CENTENNIAL,CO80112 		NONE EXEMPT COMMUNITY 50,000

SEEDS OF HOPE

1300 S STEELE ST
DENVER,CO80210 		NONE EXEMPT COMMUNITY 25,000

SHADOW WARRIORS PROJECT

15054 JACKSON CREEK PARKWAY STE B
564
MONUMENT,CO80132 		NONE EXEMPT COMMUNITY 10,000

SPHINX HEAD SOCIETY

PO BOX 876
ITHACA,NY14851 		NONE EXEMPT EDUCATION 500

ST CLAIRE OF ASSISI CATHOLIC SCHOOL

31622 HWY 6
EDWARDS,CO81632 		NONE EXEMPT EDUCATION 20,000

ST JOHN PAUL THE GREAT CATHOLIC HS

2330 S SHERMAN ST
DENVER,CO80210 		NONE EXEMPT EDUCATION 250,000

ST JOHN VIANNEY THEOLOGICAL SEMINARY

1300 S STEELE ST
DENVER,CO80210 		NONE EXEMPT EDUCATION 50,000

ST JOSEPH HOSPITAL FOUNDATION

1895 FRANKLIN ST
DENVER,CO80218 		NONE EXEMPT MEDICAL 25,150

STEAMBOAT INSTITUTE

PO BOX 883037
STEAMBOAT SPRINGS,CO80488 		NONE EXEMPT COMMUNITY 35,000

STEP DENVER

2029 LARIMER ST
DENVER,CO80205 		NONE EXEMPT COMMUNITY 5,000

SWC MUSEUM CORP

10250 CONSTELLATION BLVD
LOS ANGELES,CA90067 		NONE EXEMPT COMMUNITY 10,000

TAPS

3033 WILSON BLVD SUITE 630
ARLINGTON,VA22201 		NONE EXEMPT COMMUNITY 10,000

THE CATHOLIC FOUNDATION

3801 E FLORIDA AVENUE STE 909
DENVER,CO80210 		NONE EXEMPT RELIGIOUS 30,000

THE DAWN REDWOODS CHARITABLE TRUST

ONE BLACKFIELD DRIVE SUITE 331
TIBURON,CA949202053 		NONE EXEMPT COMMUNITY 500

TUNNEL TO TOWERS

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		NONE EXEMPT COMMUNITY 2,200

UNIVERSITY OF COLORADO FOUNDATION

1800 N GRANT ST STE 725
DENVER,CO80203 		NONE EXEMPT EDUCATION 10,000

USA LACROSSE

2 LOVETON CIRCLE
SPARKS,MO21152 		NONE EXEMPT COMMUNITY 1,000

USGA FOUNDATION

77 LIBERTY CORNER ROAD
LIBERTY CORNER,NJ07938 		NONE EXEMPT COMMUNITY 1,000

VAIL INTERFAITH CHAPEL

19 VAIL ROAD
VAIL,CO81657 		NONE EXEMPT RELIGIOUS 25,000

VOLUNTEERS OF AMERICA

2660 LARIMER STREET
DENVER,CO80205 		NONE EXEMPT COMMUNITY 29,000

WE DON'T WASTE

5971 BROADWAY
DENVER,CO80216 		NONE EXEMPT COMMUNITY 10,000

WELD ELVES

1950 O STREET
GREELEY,CO80631 		NONE EXEMPT COMMUNITY 1,000

WESTERN GOLF ASSOCIATION

2501 PATRIOT BLVD
GLENVIEW,IL60026 		NONE EXEMPT COMMUNITY 25,000
Total .................................right arrow 3a 2,740,243
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 47,685  
4 Dividends and interest from securities ....     14 730,319  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     18 92,135  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -534,049  
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) .. 0 336,090 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
336,090
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
PEMA FOUNDATION INC
 
Employer identification number

30-0202608
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
PEMA FOUNDATION INC
  		Employer identification number
30-0202608
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
PETER H AND MARILYN E COORS
 
770 HIGH STREET
 
DENVER, CO80218

$ 3,977,829


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
PEMA FOUNDATION INC
  		Employer identification number

30-0202608
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
PEMA FOUNDATION INC
  		Employer identification number

30-0202608
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
PEMA FOUNDATION INC
EIN:
30-0202608
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
2021 TAX PREPARATION & ACCOUNTING FEES 8,300 7,470   830

TY 2023 InvestmentsCorpBondsSchedule
Name:
PEMA FOUNDATION INC
EIN:
30-0202608
Name of Bond End of Year Book Value End of Year Fair Market Value
AMG IMA - CHAMPLAIN SMALL CO FD -ADV 100,379 116,429
AMG IMA - GRAPHIC PACKAGING HOLDING CO 1 727,175
AMG IMA - HARBOR MID CAP VALUE FUND #023 911,467 1,424,469
AMG IMA - ARISTOTLE SMALL CAP EQUITY FUND CL I 633,007 823,784
AMG IMA - BLACKROCK STRATEGIC INCOME OPPORTUNITIES 322,318 329,718
AMG IMA - ISHARES DOW JONES SELECT DIVIDEND 375,134 358,693
AMG IMA - ISHARES RUSSELL MIDCAP INDEX 2,817,585 5,060,301
AMG IMA - ISHARES RUSSELL 1000 GROWTH 304,399 388,361
AMG IMA - ISHARES TRUST RUSSELL 2000 1,661,869 2,508,875
AMG IMA - MOLSON COORS BREWING CO -B 632,213 1,404,402
AMG IMA - SPDR S&P 500 ETF TRUST 2,199,926 5,023,076
AMG IMA - T ROWE PRICE MID-CAP GROWTH #64 136,373 244,145
AMG IMA - US BANKCORP DEL COM NEW 1 952,160
AMG IMA - VANGUARD DIVIDEND APPREC ETF 3,991,347 5,352,094
AMG IMA - VANGUARD TOTAL BOND MARKET ETF 975,791 991,307
AMG IMA - WESTERN ASSET CORE PLUS BOND FUND CL A 326,918 333,691

TY 2023 InvestmentsCorpStockSchedule
Name:
PEMA FOUNDATION INC
EIN:
30-0202608
Name of Stock End of Year Book Value End of Year Fair Market Value
AMG GLOBAL DIV - AMGEN 257,727 317,686
AMG GLOBAL DIV - BARCLAYS PLC 202,334 205,660
AMG GLOBAL DIV - BAXTER INTERNATIONAL 115,467 127,114
AMG GLOBAL DIV - BAYER A G SPONSORED ADR 154,818 128,523
AMG GLOBAL DIV - BECTON DICKINSON & CO 187,783 192,382
AMG GLOBAL DIV - BRITISH AMERN TOB PLC 263,050 205,206
AMG GLOBAL DIV - CAPITAL ONE FINANCIAL 159,989 214,512
AMG GLOBAL DIV - CARLYLE GROUP INC COM 178,959 232,136
AMG GLOBAL DIV - CISCO SYSTEMS INC 184,893 208,850
AMG GLOBAL DIV - CITIGROUP INC 219,791 227,159
AMG GLOBAL DIV - DANONE SPONSORED ADR 192,133 194,188
AMG GLOBAL DIV - DOW INC 227,473 239,760
AMG GLOBAL DIV - FEDEX CORP 139,438 158,106
AMG GLOBAL DIV - GAP INC 141,390 299,264
AMG GLOBAL DIV - GILEAD SCIENCES INC 143,768 171,498
AMG GLOBAL DIV - GSK PLC SPAN ADS 161,373 165,658
AMG GLOBAL DIV - IMPERIAL BRANDS PLC 231,848 242,657
AMG GLOBAL DIV - JOHNSON & JOHNSON 180,001 175,392
AMG GLOBAL DIV - KONINKLDKE PHILPS ELECTRIC NV 62,419 89,937
AMG GLOBAL DIV - L3HARRIS TECHNOLOGIES INC 158,165 189,979
AMG GLOBAL DIV - LEAR CORP 105,980 110,567
AMG GLOBAL DIV - MITSUBISHI ELECTRIC UNSP ADR 93,135 132,408
AMG GLOBAL DIV - MURATA MANUFACTURING CO LTD 189,387 220,134
AMG GLOBAL DIV - NEWMONT MINING CORP 133,290 133,193
AMG GLOBAL DIV - NOKIA CORP 98,735 68,793
AMG GLOBAL DIV - NORFOLK SOUTHERN CORP COMMON 172,354 203,050
AMG GLOBAL DIV - OCCIDENTAL PETROLEUM CORP COMMON STOCK 233,919 225,584
AMG GLOBAL DIV - OCCIDENTAL PETROLEUM WT EXP 1 26,667
AMG GLOBAL DIV - PFIZER COMMON STOCK 97,524 91,725
AMG GLOBAL DIV - PROSUS N.V. 62,186 76,510
AMG GLOBAL DIV - PRUDENTIAL PLC ADR 162,924 166,871
AMG GLOBAL DIV - RECKITT BENCKISER GROUP PLC 190,751 192,678
AMG GLOBAL DIV - ROCHE HOLDING LTD SPN ADRF 1 202,310 190,023
AMG GLOBAL DIV - SANOFI-ADR 101,877 106,870
AMG GLOBAL DIV - CHARLES SCHWAB CORP 146,709 196,149
AMG GLOBAL DIV - SIMON PROPERTY 119,817 139,645
AMG GLOBAL DIV - SUNCOR ENERGY INC NEW 153,106 172,055
AMG GLOBAL DIV - TRUIST FINANCIAL CORP 178,918 229,162
AMG GLOBAL DIV - VALEO SPONSORED ADR 136,125 95,529
AMG GLOBAL DIV - VERIZON COMMUNICATIONS 271,274 256,850
AMG GLOBAL DIV - BUNGE LTD 79,590 174,341
AMG GLOBAL DIV - GLENCORE PLC 30,505 105,869
AMG GLOBAL DIV - MEDTRONICS PLC 154,959 170,362
AMG GLOBAL DIV - WILLIS TOWERS WATSON PLC 138,058 161,845

TY 2023 InvestmentsOtherSchedule2
Name:
PEMA FOUNDATION INC
EIN:
30-0202608
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ANCHORAGE VENTURE FUND V LLLP AT COST 17,096 3,178
IBEX ISRAEL VC LP AT COST 312,822 312,822

TY 2023 OtherExpensesSchedule
Name:
PEMA FOUNDATION INC
EIN:
30-0202608
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOUNDATION EXPENSES 16,406 8,203   8,203
NON DEDUCTIBLE EXPENSE 200 0   0


TY 2023 OtherIncomeSchedule2
Name:
PEMA FOUNDATION INC
EIN:
30-0202608
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 92,135 92,135 92,135


TY 2023 OtherProfessionalFeesSchedule
Name:
PEMA FOUNDATION INC
EIN:
30-0202608
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 162,456 162,456   0


TY 2023 TaxesSchedule
Name:
PEMA FOUNDATION INC
EIN:
30-0202608
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 12,728 12,728   0
2022 990-PF EXTENSION PAYMENT 10,000 0   0