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 07-01-2023 , and ending 06-30-2024
Name of foundation
THE ISABEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)111 E COURT STREET 3D
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FLINT, MI485021649
A Employer identification number

38-2853004
B Telephone number (see instructions)

(810) 767-0136
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$83,250,442J 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... 1,781,690 1,778,927  
5a Gross rents............ 3,458 3,458  
b Net rental income or (loss) -2,147
6a Net gain or (loss) from sale of assets not on line 10 6,436,269
b Gross sales price for all assets on line 6a 18,162,543
7 Capital gain net income (from Part IV, line 2)... 6,435,785
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).......      
12 Total. Add lines 1 through 11........ 8,221,417 8,218,170  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 78,600 3,930   74,670
14 Other employee salaries and wages...... 80,000 0   80,000
15 Pension plans, employee benefits....... 32,503 1,556   30,947
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
372,122 369,879   834
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,000 0   14,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
184,056 126,000   58,056
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
133,319 23,502   11,817
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,053 1,511  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 37,715 596   37,119
22 Printing and publications.......... 1,494 0   1,494
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
166,323 159,474   7,319
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,102,185 686,448   316,256
25 Contributions, gifts, grants paid....... 2,942,200 2,942,200
26 Total expenses and disbursements. Add lines 24 and 25 4,044,385 686,448   3,258,456
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,177,032
b Net investment income (if negative, enter -0-) 7,531,722
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............. 494,542 70,649 70,649
2 Savings and temporary cash investments......... 1,821,070 2,355,865 2,355,865
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 42,861,189 Click to see attachment
List of Attached Documents:
// Content
45,824,223 		45,824,223
c Investments—corporate bonds (attach schedule)....... 5,206,326 Click to see attachment
List of Attached Documents:
// Content
9,429,161 		9,429,161
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow   30,171    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 20,533,452 Click to see attachment
List of Attached Documents:
// Content
21,437,016 		21,437,016
14 Land, buildings, and equipment: basis right arrow2,709
Less: accumulated depreciation (attach schedule) right arrow1,310 1,941 Click to see attachment
List of Attached Documents:
// Content
1,399 		1,399
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,103,857 		Click to see attachment
List of Attached Documents:
// Content
4,132,129 		Click to see attachment
List of Attached Documents:
// Content
4,132,129
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 75,052,548 83,250,442 83,250,442
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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 75,052,548 83,250,442
29 Total net assets or fund balances (see instructions)..... 75,052,548 83,250,442
30 Total liabilities and net assets/fund balances (see instructions). 75,052,548 83,250,442
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
75,052,548
2
Enter amount from Part I, line 27a .....................
2
4,177,032
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,020,862
4
Add lines 1, 2, and 3 ..........................
4
83,250,442
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
83,250,442
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 WEXFORD OFFSHORE SPECTRUM FUND P 2008-04-30 2024-04-30
b FOURTH SEARSVALE PROPERTY - TORRENCE, CA P   2024-02-01
c 47986.771 SHS BLACKROCK LOW DURATION BD P 2022-05-16 2023-08-09
d 2000 SHS BLACKROCK MULTI-SECTOR OPPORTUNITIES TRUST P 2018-02-22 2023-11-15
e 153217.569 SHS VANGUARD SHORT-TERM TREASURY FUND - ADMIRAL SHRS P 2024-02-29 2024-04-17
1103.419 SHS VANGUARD SHORT-TERM TREASURY FUND P 2022-10-03 2024-04-17
1230 SHS LAUDER ESTEE COS INC P 2022-05-10 2023-08-23
10200 SHS CLEARWAY ENERGY INC P 2021-09-29 2023-10-02
4000 SHS ENVESTNET INC P 2023-04-18 2023-11-07
5580 SHS AT&T INC P 2022-01-05 2023-12-07
6500 SHS AT&T INC P 2021-12-01 2023-12-07
1800 SHS LVMH INC ADR P 2023-10-09 2024-01-25
2015 SHS KKR & CO INC P 2018-08-23 2024-06-11
3817.377 SHS VANGUARD 500 INDEX FUND P 2012-12-19 2023-10-05
1993.74 SHS VANGUARD 500 INDEX FUND P 2012-12-19 2024-06-12
76734.193 SHS VANGUARD DEVELOPED MARKETS INDEX P 2018-10-17 2024-06-12
863 SHS CROWN CASTLE INC P 2017-07-14 2023-07-21
1337 SHS CROWN CASTLE INC P 2017-07-20 2023-07-21
368 SHS COINBASE GLOBAL INC REG SHS P 2014-12-02 2023-08-01
620 SHS COINBASE GLOBAL INC REG SHS P 2014-12-02 2023-08-01
384 SHS COINBASE GLOBAL INC REG SHS P 2014-12-02 2023-08-01
626 SHS COINBASE GLOBAL INC REG SHS P 2014-12-02 2023-08-08
48 SHS COINBASE GLOBAL INC REG SHS P 2017-07-28 2024-01-02
309 SHS COINBASE GLOBAL INC REG SHS P 2017-07-28 2024-01-02
274 SHS COINBASE GLOBAL INC REG SHS P 2014-12-02 2024-01-02
507 SHS UNITY SOFTWARE INC P 2020-03-31 2024-06-20
82 SHS UNITY SOFTWARE INC P 2018-10-31 2024-06-20
182 SHS UNITY SOFTWARE INC P 2018-06-13 2024-06-20
464 SHS UNITY SOFTWARE INC P 2018-06-13 2024-06-20
984 SHS UNITY SOFTWARE INC P 2016-04-12 2024-06-20
631 SHS UNITY SOFTWARE INC P 2016-04-12 2024-06-20
2950 SHS NEXTERA ENERGY PARTNRS LCOM UNIT LTD P 2017-10-19 2023-12-07
2118 SHS NEXTERA ENERGY PARTNRS LCOM UNIT LTD P 2018-01-19 2023-12-07
463 SHS NEXTERA ENERGY PARTNRS LCOM UNIT LTD P 2018-01-19 2023-12-07
2619 SHS NEXTERA ENERGY PARTNRS LCOM UNIT LTD P 2018-01-18 2023-12-07
FOURTH SEARSVALE PROPERTY - TORRENCE, CA P 2023-12-07 2024-01-11
1712.683 SHS YORK CREDIT OPPTN - A/8 SERIES P 2011-08-01 2024-05-22
18381 SHS NEXTDECADE CORP P 2024-05-21 2024-05-23
MFO D&D SMID CAP VALUE FUND P   2023-12-31
MFO D&D SMID CAP VALUE FUND P   2023-12-31
MFO TOWLE FUND P   2023-12-31
MFO TOWLE FUND P   2023-12-31
MFO WESTFIELD FUND B P   2023-12-31
MFO WESTFIELD FUND B P   2023-12-31
ANRP (EPE AIV) LP P   2023-12-31
APOLLO NATURAL RESOURCES PARTNERS P   2023-12-31
ARBORETUM VENTURES III P   2023-12-31
ARBORETUM VENTURES IV P   2023-12-31
ARBORETUM VENTURES IV P   2023-12-31
CROSSLINK VENTURES VI, L.P. P   2023-12-31
DFJ GROWTH 2013, LP P   2023-12-31
IMPACT VENTURES III, LP P   2023-12-31
IMPACT VENTURES IV LP P   2023-12-31
TACONIC CRE DISLOCATION FUND II LP P   2023-12-31
TRP CAPITAL PARTNERS, LP P   2023-12-31
HUNTER POINT CAPITAL INVESTORS LP P   2023-12-31
ANRP DE HOLDINGS LP P   2023-12-31
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 2,078     2,078
b 4,095,399 72,350 101,010 4,066,739
c 425,643   440,998 -15,355
d 131,020   185,379 -54,359
e 1,489,275   1,500,000 -10,725
10,725   11,012 -287
187,073   286,132 -99,059
191,238   285,270 -94,032
155,611   262,067 -106,456
95,055   113,153 -18,098
110,727   113,280 -2,553
266,431   270,394 -3,963
220,248   53,592 166,656
1,500,000   508,169 991,831
1,000,000   265,407 734,593
1,250,000   1,010,562 239,438
91,773   78,745 13,028
142,179   118,496 23,683
34,159   1,016 33,143
57,550   1,711 55,839
35,644   1,060 34,584
54,062   1,728 52,334
7,867   396 7,471
50,642   2,549 48,093
44,906   756 44,150
7,873   11,154 -3,281
1,273   1,025 248
2,826   2,199 627
7,205   5,605 1,600
15,281   6,977 8,304
9,799   4,474 5,325
79,036   80,368 -1,332
56,745   55,773 972
12,405   11,782 623
70,168   65,945 4,223
215,498   217,985 -2,487
145,761   220,375 -74,614
134,932   145,761 -10,829
597,674   669,625 -71,951
562,507   507,732 54,775
2,027,345   2,273,131 -245,786
1,348,789   1,030,980 317,809
346,929   416,338 -69,409
725,000   405,331 319,669
    1,627 -1,627
    301 -301
    16,532 -16,532
882     882
    21,056 -21,056
234     234
58,038     58,038
    11,364 -11,364
12     12
    1,978 -1,978
    324 -324
468     468
    484 -484
86,558     86,558
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,078
b       4,066,739
c       -15,355
d       -54,359
e       -10,725
      -287
      -99,059
      -94,032
      -106,456
      -18,098
      -2,553
      -3,963
      166,656
      991,831
      734,593
      239,438
      13,028
      23,683
      33,143
      55,839
      34,584
      52,334
      7,471
      48,093
      44,150
      -3,281
      248
      627
      1,600
      8,304
      5,325
      -1,332
      972
      623
      4,223
      -2,487
      -74,614
      -10,829
      -71,951
      54,775
      -245,786
      317,809
      -69,409
      319,669
      -1,627
      -301
      -16,532
      882
      -21,056
      234
      58,038
      -11,364
      12
      -1,978
      -324
      468
      -484
      86,558
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 6,435,785
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) 1 104,691
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........................... 3 104,691
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- ..... 5 104,691
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 114,964
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.............. 7 114,964
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 10,273
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow10,273 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 arrowMI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.ISABEL.ORG
14
The books are in care ofright arrowGREGORY M TAUNTON Telephone no.right arrow (810) 767-0136

Located atright arrow111 E COURT STREET SUITE 3DFLINTMI ZIP+4right arrow485021649
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)
 
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
TIFFANY W LOVETT PRESIDENT & TRUSTEE
20.00 		78,600 31,117 0
111 EAST COURT STREET SUITE 3D
FLINT,MI485021649
RIDGWAY H WHITE V/P, TREASURER, SECRETARY & TRUSTEE
0.00 		0 0 0
111 EAST COURT STREET SUITE 3D
FLINT,MI485021649
JENNIFER HEBERT TRUSTEE
0.00 		0 0 0
111 EAST COURT STREET SUITE 3D
FLINT,MI485021649
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
CAROLEEN SCHOLET PROGRAM OFFICER
40.00 		80,000 1,386 0
111 E COURT ST SUITE 3D
FLINT,MI48502
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
FRANDZEL ROBINS BLOOM & CSATO LEGAL ADVICE AND ASSISTANCE 304,678
1000 WILSHIRE BLVD 19TH FLR
LOS ANGELES,CA90017
MFO MANAGEMENT COMPANY ACCOUNTING/INVESTMENT ADVICE 140,000
111 E COURT ST SUITE 3D
FLINT,MI48502
BODMAN PLC LEGAL ADVICE AND ASSISTANCE 67,444
6TH FLOOR AT FORD FIELD 1901 ST
ANTOINE STREET
DETROIT,MI48226
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 THE FOUNDATION DOES NOT MAKE ANY PROGRAM RELATED INVESTMENTS. 0
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
58,089,501
b
Average of monthly cash balances.......................
1b
2,946,007
c
Fair market value of all other assets (see instructions)................
1c
13,867,128
d
Total (add lines 1a, b, and c).........................
1d
74,902,636
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
74,902,636
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,123,540
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
73,779,096
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,688,955
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
3,688,955
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
104,691
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
905
c
Add lines 2a and 2b............................
2c
105,596
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,583,359
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,583,359
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
3,583,359
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
3,258,456
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
3,258,456
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 3,583,359
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,191,132
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$ 3,258,456
a Applied to 2022, but not more than line 2a 3,191,132
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..... 67,324
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		3,516,035
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 ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
TIMOTHY C SANFORD FAX 810 767-1207
C/O MFO MANAGEMENT COMPANY 111 E
COURT STREET SUITE 3D
FLINT,MI485021649
(810) 767-0136
bThe form in which applications should be submitted and information and materials they should include:
INITIAL SUBMISSION SHOULD BE IN THE FORM OF A LETTER EXPLAINING THE ORGANIZATION AND THE PURPOSE OF THE REQUEST.
cAny submission deadlines:
A FORMAL SUBMISSION DEADLINE HAS NOT BEEN ESTABLISHED BUT GRANTS ARE MADE PRIMARILY IN JUNE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE ORGANIZATION WAS FORMED TO MAINTAIN A FUND OR FUNDS SO THAT THE INCOME THEREFROM AND THE PRINCIPAL THEREOF CAN BE USED TO PROVIDE FINANCIAL SUPPORT TO RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL ACTIVITIES EITHER DIRECTLY, OR THROUGH DIRECT CONTRIBUTIONS, GIFTS AND GRANTS TO OTHER ORGANIZATIONS, WHICH CARRY ON SUCH ACTIVITIES AND ARE TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MAJORITY OF, AND AT LEAST SEVENTY-FIVE PERCENT OF, CONTRIBUTIONS, GIFTS AND GRANTS MADE ANNUALLY ARE TO BE MADE TO OTHER TAX-EXEMPT CHARITABLE AND RELIGIOUS ORGANIZATIONS DEDICATED TO SUPPORTING OR CONTRIBUTING TO THE CAUSE OF CHRISTIAN SCIENCE.
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

ADVENTURE UNLIMITED

5201 SOUTH QUEBEC STREET
GREENWOOD VILLAGE,CO80111 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 2,000

ADVENTURE UNLIMITED

5201 SOUTH QUEBEC STREET
GREENWOOD VILLAGE,CO80111 		NONE PC 2022-2024 PLEDGE - GENERAL OPERATING EXPENSES 250,000

ALASKA ASSOCIATION FOR CHRISTIAN SCIENCE NURSING

3300 ARCTIC BLVD SUITE 201 PMB 1353
ANCHORAGE,AK99503 		NONE PC GENERAL OPERATING EXPENSES 10,000

ALBERT BAKER FUND THE

111 WOODMERE ROAD SUITE 210
FOLSAM,CA95630 		NONE PC 2023-2025 PLEDGE - BUILDING STUDENT LEARNING COMMUNITIES TO SUPPORT STUDENT EDUCATION AND CAREERS 30,000

ALBERT BAKER FUND THE

111 WOODMERE ROAD SUITE 210
FOLSAM,CA95630 		NONE PC GATHERING AT THE ANNUAL MEETING IN BOSTON 10,000

ARDEN WOOD INC

445 WAWONA STREET
SAN FRANCISCO,CA94116 		NONE PC 2024-2026 PLEDGE - MATCHING 2025 & 2026 - GENERAL OPERATING 70,000

ASSOCIATION OF ORGANIZATIONS FOR CHRISTIAN SCIENCE NURSING

691 SPARTA DRIVE
ENCINITAS,CA92024 		NONE PC GENERAL OPERATING EXPENSES 20,000

BEACON HAVEN

1200 LONG LAKE ROAD
NEW BRIGHTON,MN55112 		NONE PC 2022-2024 PLEDGE - ANNUAL FUND CHALLENGE GRANT 20,000

BERKELEY HALL SCHOOL

16000 MULHOLLAND DRIVE
LOS ANGELES,CA90049 		NONE PC TUITION SUPPORT FOR CHRISTIAN SCIENCE STUDENTS 60,000

BOYS & GIRLS CLUBS OF GREATER FLINT

3701 N AVERILL AVENUE
FLINT,MI48506 		NONE PC 2023-2025 PLEDGE - GENERAL OPERATING 45,000
BRANCH SCHOOL THE


1424 SHERWOOD FOREST STREET
HOUSTON,TX77043 		NONE PC CHRISTIAN SCIENCE STUDENT SCHOLARSHIPS 15,000

BROADVIEW INC

4570 GRIFFIN AVENUE
LOS ANGELES,CA90031 		NONE PC 2024-2026 PLEDGE - MATCHING 70,000

CAMPERSHIP FUND FOR CHRISTIAN SCIENTISTS IN THE SE AND MW

PO BOX 410553
ST LOUIS,MO63141 		NONE PC 2024-2026 PLEDGE - MATCHING 40,000

CAMPERSHIP FUND FOR CHRISTIAN SCIENTISTS IN THE SE AND MW

PO BOX 410553
ST LOUIS,MO63141 		NONE PC CAMP PHILANTHROPY GROUP CONVENING 25,000

CAMPS LEELANAU & KOHAHNA FOUNDATION INC

1653 PORT ONEIDA ROAD
MAPLE CITY,MI49664 		NONE PC 2024-2026 PLEDGE - VEHICLE, EQUIPMENT, AND GENERAL OPERATING EXPENSES 75,000

CAMPS NEWFOUNDOWATONNA CORPORATION

4 CAMP NEWFOUND ROAD
HARRISON,ME040409987 		NONE PC 2024-2026 PLEDGE - GENERAL OPERATING 75,000

CAMPS NEWFOUNDOWATONNA CORPORATION

4 CAMP NEWFOUND ROAD
HARRISON,ME040409987 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 5,000

CANTERBURY CREST INC

P O BOX 19147
PORTLAND,OR972800147 		NONE PC 2023-2025 PLEDGE 4,000

CEDARS CAMPS THE

19772 SUGAR DRIVE
LEBANON,MO65536 		NONE PC 2024-2026 PLEDGE - MATCHING 75,000

CHERISHABILITY

555 SE MLK BOULEVARD SUITE 105 6508
PORTLAND,OR97214 		NONE PC 2023-2025 PLEDGE - SERVICES, GENERAL OPERATING, DEVELOPMENT 20,000

CHESTNUT HILL BENEVOLENT ASSOCIATION

910 BOYLSTON STREET
CHESTNUT HILL,MA024672400 		NONE PC 2023-2025 PLEDGE - NEW WEBSITE AND CHRISTIAN SCIENCE NURSES TRAINING 60,000

CHRISTIAN SCIENCE PROVIDER NETWORK

18 MAIN STREET EXTENSION STE 402
PLYMOUTH,MA02360 		NONE PC 2022-2024 PLEDGE - GENERAL OPERATING EXPENSES 10,000
CLAIRBOURN SCHOOL


8400 HUNTINGTON DRIVE
SAN GABRIEL,CA917751154 		NONE PC 2023-2025 PLEDGE - SCHOLARSHIPS FOR CHRISTIAN SCIENCE STUDENTS AND FACULTY 5,000

CLEARVIEW HOME CORPORATION

P O BOX 180198 935 MAIN STREET
DELAFIELD,WI53018 		NONE PC 2022-2024 PLEDGE - GENERAL OPERATING EXPENSES/VALUING CHRISTIAN SCIENCE NURSING 15,000

COMMISSION THE

PO BOX 230736
BOSTON,MA021230736 		NONE PC 2022-2024 PLEDGE - COMMISSION REVIEW COORDINATOR STAFF POSITION 15,000

COUNCIL OF MICHIGAN FOUNDATIONS

ONE SOUTH HARBOR DR SUITE 8
GRAND HAVEN,MI49417 		NONE PC 2023 MEMBERSHIP DUES 9,700

CRYSTAL LAKE CAMPS INC

1676 CRYSTAL LAKE ROAD
HUGHESVILLE,PA17737 		NONE PC GENERAL OPERATING EXPENSES 75,000

DAYSTAR INC

3800 SOUTH FLAMINGO ROAD
DAVIE,FL333301699 		NONE PC 2023-2025 PLEDGE - CHRISTIAN SCIENCE NURSES TRAINING AND RENEWED ENGAGEMENT 30,000

DOMINION FOUNDATION THE

P O BOX 1138
HERNDON,VA20172 		NONE PC 2023-2025 PLEDGE - CHRISTIAN SCIENCE NURSE EDUCATION 20,000

E3 ELEVATING EDUCATION EVERYWHERE INC

11124 KINGSTON PIKE SUITE 119-169
KNOXVILLE,TN37934 		NONE PC 2024-2026 PLEDGE - GENERAL OPERATING 50,000

FERN LODGE INC

18457 MADISON AVENUE
CASTRO VALLEY,CA945461699 		NONE PC 2024-2026 PLEDGE - BENEVOLENCE, EDUCATION, OUTREACH 60,000

FIRST CHURCH OF CHRIST SCIENTIST BOSTON THE

210 MASSACHUSETTS AVENUE P2-02
BOSTON,MA021153195 		NONE PC 2024-2026 PLEDGE - YOUTH AND YOUNG ADULT ACTIVITIES AT THE MOTHER CHURCH 200,000

FIRST CHURCH OF CHRIST SCIENTIST PETOSKEY THE

420 WAUKOZOO AVENUE
PETOSKEY,MI497702620 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 3,000

FLINT INSTITUTE OF ARTS

1120 E KEARSLEY ST
FLINT,MI48503 		NONE PC 2022-2024 PLEDGE - FULL-TIME INSTRUCTOR OF 2-D FOUNDATIONS IN ART SCHOOL 72,000

FLINT INSTITUTE OF SCIENCE AND HISTORY

1121 EAST KEARSLEY STREET
FLINT,MI48503 		NONE PC 2023-2024 PLEDGE - SLOAN MUSEUM AND LONGWAY PLANETARIUM - DEVELOPMENT OF EXHIBIT QR CODES 75,000

FRIENDS OF CAMP BOW-ISLE INC

14923 SE 183RD STREET
RENTON,WA98058 		NONE PC 2024-2026 PLEDGE - MATCHING 45,000

FRIENDS OF GYA

21781 VENTURA BLVD SUITE 542
WOODLAND HILLS,CA91364 		NONE PC 2022-2024 PLEDGE - LONG TERM SUSTAINABILITY FOR SWIMMING IN GRENADA 40,000

GLENMONT

4599 AVERY ROAD
HILLIARD,OH43026 		NONE PC 2023-2025 PLEDGE - GENERAL OPERATING EXPENSES 30,000

GLENMONT

4599 AVERY ROAD
HILLIARD,OH43026 		NONE PC AOCSN CHRISTIAN SCIENCE NURSING EDUCATORS CONFERENCE 60,000

GLENMONT

4599 AVERY ROAD
HILLIARD,OH43026 		NONE PC MENTORING IN THE FIELD 10,000

HIGH RIDGE HOUSE INC

5959 INDEPENDENCE AVENUE
RIVERDALE,NY104711299 		NONE PC 2023-2025 PLEDGE - NEW APPLIANCES IN MAIN KITCHEN AND ON-SITE CHILDCARE / GENERAL OPERATING 30,000

HYMNSTREAM

P O BOX 2641
PETALUMA,CA94953 		NONE PC CAPITAL CAMPAIGN 10,000

INSTITUTE FOR FIELD RESEARCH

1855 INDUSTRIAL STREET UNIT 106
LOS ANGELES,CA90021 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 15,000

LEAVES INC THE

1230 WEST SPRING VALLEY ROAD
RICHARDSON,TX750807709 		NONE PC 2022-2024 PLEDGE - STAFF TRAINING AND COMMUNITY ENGAGEMENT 40,000

LINK SCHOOL THE

18885 COUNTY ROAD 367
BUENA VISTA,CO81211 		NONE PC 2024-2026 PLEDGE - TUITION ASSISTANCE/ GENERAL OPERATING 35,000

LONGYEAR FOUNDATION

1125 BOYLSTON STREET
CHESTNUT HILL,MA02467 		NONE PC 2024-2026 PLEDGE - INTERNSHIP SALARIES AND EDUCATIONAL PROGRAMS 20,000

LYNN HOUSE OF POTOMAC VALLEY INC

4400 WEST BRADDOCK ROAD
ALEXANDRIA,VA223041010 		NONE PC 2023-2025 PLEDGE - GENERAL OPERATING EXPENSES 30,000

MORNING LIGHT FOUNDATION INC

P O BOX 570624
ATLANTA,GA30357 		NONE PC GENERAL OPERATING EXPENSES 8,500

NOONTIDE VISITING CHRISTIAN SCIENCE NURSE SERVICE OF MICHIGAN

PO BOX 1657
OWOSSO,MI48867 		NONE PC GENERAL OPERATING EXPENSES 15,000

NORTHWEST MICHIGAN HABITAT FOR HUMANITY

8460 M-119
HARBOR SPRINGS,MI49740 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 5,000

OLIVE GLEN FOUNDATION INC THE

P O BOX 1482
CARMICHAEL,CA956091482 		NONE PC 2024-2026 PLEDGE - GENERAL OPERATING, WEBSITE & COMMUNICATIONS 30,000

OVERLOOK HOUSE INCORPORATED

3460 RIDGEWOOD ROAD
FAIRLAWN,OH44333 		NONE PC CAPITAL CAMPAIGN 8,000

OVERLOOK HOUSE INCORPORATED

3460 RIDGEWOOD ROAD
FAIRLAWN,OH44333 		NONE PC 2024 U.S. LE VERGER INSTRUCTOR SUMMIT 10,000

PEACE HAVEN ASSOCIATION

12630 ROTT ROAD
ST LOUIS,MO631271214 		NONE PC 2022-2024 PLEDGE - CHRISTIAN SCIENCE NURSES TRAINING AND MENTORING GRANT 45,000

PRINCIPIA THE

13201 CLAYTON ROAD
ST LOUIS,MO631311099 		NONE PC 2024-2026 PLEDGE - ARON HOUSE GIRLS DORM RENOVATION AND RETROFIT 150,000

PRINCIPLE FOUNDATION EXTENDED SERVICES

9300 W 110TH ST SUITE 250
OVERLAND PARK,KS66210 		NONE PC 2023-2025 PLEDGE - EMBRACED:FULLY PROGRAM 25,000

PRINCIPLE FOUNDATION EXTENDED SERVICES

9300 W 110TH ST SUITE 250
OVERLAND PARK,KS66210 		NONE PC CHRISTIAN SCIENCE NURSING YOUTH SERVICE 50,000

PRINCIPLE FOUNDATION THE

9300 W 110TH ST SUITE 250
OVERLAND PARK,KS66210 		NONE PC THE PRINCIPLE FOUNDATION WEBSITE REDESIGN 30,000

SMITH COLLEGE

23 ELM STREET
NORTHAMPTON,MA010636304 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 50,000

SMITH COLLEGE

23 ELM STREET
NORTHAMPTON,MA010636304 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES - ALUMNI FUND 10,000

SUNRISE HAVEN

P O BOX 6057
KENT,WA98064 		NONE PC 2024-2026 PLEDGE - STAFF ENRICHMENT, RETENTION 25,000

SUNRISE OF AFRICA SCHOOL CHARITABLE FOUNDATION INC

PO BOX 695
VENICE,FL34284 		NONE PC 2022-2024 PLEDGE - GENERAL OPERATING EXPENSES 35,000

TENTH CHURCH OF CHRIST SCIENTIST - LOS ANGELES

1133 SOUTH BUNDY DRIVE
LOS ANGELES,CA90049 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 25,000

TRAVERSE AREA RECREATION AND TRANSPORTATION (TART) TRAILS INC

148 E FRONT ST 201
TRAVERSE CITY,MI49684 		NONE PC 2022-2024 PLEDGE - NAKWEMA TRAILWAY / WHERE PATHS CONNECT 35,000

TRAVERSE AREA RECREATION AND TRANSPORTATION (TART) TRAILS INC

148 E FRONT ST 201
TRAVERSE CITY,MI49684 		NONE PC NAKWEMA TRAILWAY / FUTURE EASTPORT TRAILHEAD 100,000

TRAVERSE AREA RECREATION AND TRANSPORTATION (TART) TRAILS INC

148 E FRONT ST 201
TRAVERSE CITY,MI49684 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 120,000

TWELVEACRES INC

286 E HAMILTON AVE SUITE F
CAMPBELL,CA95008 		NONE PC 2024-2026 PLEDGE - SPECIAL NEEDS TRAINING FOR CHRISTIAN SCIENCE NURSES 60,000

UCLA GRADUATE SCHOOL OF EDUCATION & INFORMATION STUDIES

2043 MOORE HALL BOX 951521
LOS ANGELES,CA900951521 		NONE GOV 2023-2025 PLEDGE - SUMMER ENRICHMENT AND SUMMER CAMP FOR STUDENTS AT MANN COMMUNITY SCHOOL 30,000

WELLSPRINGS OF FLORIDA

PO BOX 40687
ST PETERSBURG,FL33743 		NONE PC 2024 CONVENING OF THE CHRISTIAN SCIENCE NURSING COLLABORATIVE 45,000

WIDE HORIZON INC

8900 WEST 38TH AVENUE
WHEAT RIDGE,CO80033 		NONE PC 2022-2024 PLEDGE - STAFF TRAINING, HOUSING AND GENERAL OPERATING EXPENSES 45,000
Total .................................right arrow 3a 2,942,200
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 ........... 		         
4 Dividends and interest from securities .... 211100 2,763 14 1,778,927  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -2,147  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 6,436,269  
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) .. 2,763 8,213,049 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
8,215,812
(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:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING MANAGEMENT FEE 14,000 0   14,000

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

TY 2023 DepreciationSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING 1995-10-23 101,010 70,839 SL 39.000000000000 1,511 1,511    
27" IMAC WITH RETINA 5K DISPLAY 2022-01-21 2,709 768 SL 5.000000000000 542 0    

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Name of Bond End of Year Book Value End of Year Fair Market Value
BLACKROCK FLOATING RATE INCOME FUND CL INST, 154639.175 SHS 1,496,907 1,496,907
RIVER CANYON TOTAL RETURN BOND FUND, 381703.017 SHS 3,832,298 3,832,298
VANGUARD HIGH YIELD CORP, 416164.261 SHS 2,234,802 2,234,802
VANGUARD SHORT-TERM TREASURY FUND, 191101.810 SHS 1,865,154 1,865,154

TY 2023 InvestmentsCorpStockSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET INC, 1700 SHS 311,814 311,814
AMAZON COM INC, 1150 SHS 222,238 222,238
APPLE INC, 1400 SHS 294,868 294,868
BLACKROCK INC, 475 SHS 373,977 373,977
BLACKSTONE INC, 3800 SHS 470,440 470,440
BLACKSTONE SECURED LENDING FUND, 10350 SHS 316,917 316,917
CARLYLE (THE) GROUP INC, 6600 SHS 264,990 264,990
CBOE GLOBAL MARKETS INC, 750 SHS 127,545 127,545
CISCO SYSTEMS INC, 7300 SHS 346,823 346,823
CME GROUP INC, 1300 SHS 255,580 255,580
COCA-COLA CO, 5200 SHS 330,980 330,980
COSTCO WHOLESALE CRP DEL, 450 SHS 382,496 382,496
DISNEY (WALT) CO, 2700 SHS 268,083 268,083
ENVESTNET INC, 4000 SHS 250,360 250,360
IMPACTIVE CAPITAL FUND LTD 2,747,071 2,747,071
JP MORGAN CHASE & CO, 1700 SHS 343,842 343,842
KKR & CO INC, 6035 SHS 635,123 635,123
LOCKHEED MARTIN CORP, 650 SHS 303,615 303,615
LOWE'S COMPANIES INC, 1900 SHS 418,874 418,874
META PLATFORMS INC, 1625 SHS 819,358 819,358
MFO D&D SMID CAP VALUE FUND, 2089273.8193141 SHS 4,796,025 4,796,025
MFO TOWLE FUND, 413255.7589624 SHS 4,411,787 4,411,787
MFO WESTFIELD FUND B, 51569.847733 SHS 4,488,163 4,488,163
MICROSOFT CORP, 350 SHS 156,433 156,433
NIKE INC, 2250 SHS 169,583 169,583
PAYPAL HOLDINGS INC, 3275 SHS 190,048 190,048
PEPSICO INC, 1950 SHS 321,614 321,614
PERSHING SQUARE HOLDINGS LTD, 62910 SHS 3,327,939 3,327,939
QUALCOMM INCORPORATED, 1425 SHS 283,832 283,832
RESTAURANT BRANDS INTL INC, 3700 SHS 260,369 260,369
RTX CORP, 3040 SHS 305,186 305,186
SECTOR SPDR ENERGY, 2000 SHS 182,300 182,300
TIGER GLOBAL CROSSOVER LP 3,340,921 3,340,921
TJX COS INC NEW, 3100 SHS 341,310 341,310
UNION PACIFIC CORP, 1375 SHS 311,108 311,108
VANECK VECTORS GOLD MINERS ETF, 14700 SHS 498,771 498,771
VANGUARD 500 INDEX FUND, 6055.850 SHS 3,050,695 3,050,695
VANGUARD DEVELOPED MARKETS INDEX, 380992.662 SHS 6,042,544 6,042,544
VANGUARD PRECIOUS METLS AND MINING FUND INV, 129662.194 SHS 1,690,795 1,690,795
VANGUARD SMALL CAP INDEX, 9520.336 SHS 995,827 995,827
VERIZON COMMUNICATIONS INC, 3600 SHS 148,464 148,464
VISA INC, 1550 SHS 406,829 406,829
WASTE MANAGEMENT INC, 2900 SHS 618,686 618,686

TY 2023 InvestmentsOtherSchedule2
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
APOLLO NATURAL RESOURCES FMV 7,935 7,935
ARBORETUM VENTURES III FMV 52,931 52,931
ARBORETUM VENTURES IV FMV 138,176 138,176
BARON REAL ESTATE INCOME FUND, 148038.49 SHS FMV 2,130,274 2,130,274
CROSSLINK VI VENTURE FUND FMV 111,344 111,344
DFJ GROWTH III, LP FMV 905,313 905,313
DFJ GROWTH IV LP FMV 457,221 457,221
DFJ GROWTH V LP FMV 62,953 62,953
DRAPER FISHER JURVETSON GROWTH 2013 FUND LP FMV 726,961 726,961
ELLIOTT INTERNATIONAL LIMITED FMV 2,927,486 2,927,486
HAGGERTY - HCP/HBAS, 500,000 SHS FMV 60,363 60,363
HG VORA SPECIAL OPPORTUNITIES FUND FMV 2,074,979 2,074,979
HUNTER POINT CAPITAL INVESTORS LP FMV 313,982 313,982
IMPACT VENTURES III, LP FMV 155,668 155,668
IMPACT VENTURES IV, LP FMV 273,439 273,439
INVENOMIC FUND INST CLASS, 32411.409 SHS FMV 563,310 563,310
NEUBERGER BERMAN LONG SHORT FUND INSTL CL, 6240.814 SHS FMV 112,147 112,147
NEXTERA ENERGY PARTNERS, 7625 SHS FMV 210,755 210,755
NUT TREE FUND LTD FMV 1,714,239 1,714,239
OTTER CREEK LONG/SHORT OPPORTUNITY FUND FMV 1,122,490 1,122,490
STARWOOD PROPERTY TRUST INC, 16400 SHS FMV 310,616 310,616
TACONIC CRE DISLOCATION FUND II, LP FMV 370,168 370,168
TACONIC CRE DISLOCATION FUND, LP FMV 132,605 132,605
TRP CAPITAL PARTNERS, LP FMV 2,702 2,702
TRP CAPITAL PARTNERS V, LP FMV 608,013 608,013
VANGUARD REIT INDEX FUND, 23981.584 SHS FMV 2,849,492 2,849,492
VANGUARD UTILITIES INDEX FUND, 11049 SHS FMV 819,029 819,029
WELLINGTON GLOBAL EQUITY FMV 2,192,522 2,192,522
YORK CREDIT OPPORTUNITY FMV 29,903 29,903

TY 2023 LandEtcSchedule2
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
27" IMAC WITH RETINA 5K DISPLAY 2,709 1,310 1,399  


TY 2023 LegalFeesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 372,122 369,879   834


TY 2023 OtherAssetsSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INLANDER ART COLLECTION 1,241,129 1,241,129 1,241,129
GLASS ART COLLECTION 2,301,143 2,301,143 2,301,143
GLASS BOAT 550,000 550,000 550,000
DIVIDEND AND OTHER RECEIVABLES 11,585 39,857 39,857


TY 2023 OtherExpensesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ANRP (EPE AIV) LP 9 480   0
APOLLO NATURAL RESOURCES PARTNERS 867 867   0
ARBORETUM VENTURES III 788 788   0
ARBORETUM VENTURES IV 4,080 4,080   0
BANK FEES 80 0   80
CROSSLINK VENTURES VI, L.P. 524 524   0
DFJ GROWTH 2013, LP 9,752 9,752   0
DFJ GROWTH III, LP 14,686 14,686   0
DFJ GROWTH IV, LP 12,530 12,530   0
FINE ART EXPENSES 4,008 4,008   0
HUNTER POINT CAPITAL INVESTORS LP 4,270 4,270   0
IMPACT VENTURES III, LP 3,378 3,378   0
IMPACT VENTURES IV LP 10,960 10,960   0
INVESTMENT FEE 90 90   0
LICENSES & PERMITS 43 0   43
MEALS 1,889 46   1,842
MFO D&D SMID CAP VALUE FUND 24,574 24,574   0
MFO TOWLE FUND 19,138 19,138   0
MFO WESTFIELD FUND B 20,331 20,331   0
OFFICE SUPPLIES 726 0   726
PAYROLL PROCESSING 3,884 96   3,788
TACONIC CRE DISLOCATION FUND II LP 14,745 14,745   0
TACONIC CRE DISLOCATION FUND LP 737 737   0
TELEPHONE & INTERNET 840 0   840
TRP CAPITAL PARTNERS V, LP 11,573 11,573   0
TRP CAPITAL PARTNERS, LP 1,821 1,821   0


TY 2023 OtherIncreasesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Description Amount
CHANGE IN UNREALIZED GAIN/LOSSES 4,020,862


TY 2023 OtherProfessionalFeesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 16,056 0   16,056
INVESTMENT MANAGEMENT FEE 126,000 126,000   0
AUDIT FEE 42,000 0   42,000


TY 2023 TaxesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD 16,888 16,888   0
MFO TOWLE FUND 2,148 2,148   0
MFO WESTFIELD FUND B 56 56   0
PAYROLL TAXES 12,133 316   11,817
FEDERAL EXCISE TAXES 98,000 0   0
4TH SEARSVALE TRANSFER TAXES 4,094 4,094   0