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
WINSHIP MEMORIAL SCHOLARSHIP FOUNDATION
C/O COMERICA BANK
Number and street (or P.O. box number if mail is not delivered to street address)49 WEST MICHIGAN AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BATTLE CREEK, MI49017
A Employer identification number

38-6092543
B Telephone number (see instructions)

(269) 966-6340
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$4,702,805J 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 16,515 16,515  
4 Dividends and interest from securities... 106,354 106,354  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 51,063
b Gross sales price for all assets on line 6a 3,038,916
7 Capital gain net income (from Part IV, line 2)... 51,063
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
20,225 2,075  
12 Total. Add lines 1 through 11........ 194,157 176,007  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,649 25,325   25,324
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
6,500 3,250   3,250
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
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
464 0   464
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 57,613 28,575   29,038
25 Contributions, gifts, grants paid....... 104,250 104,250
26 Total expenses and disbursements. Add lines 24 and 25 161,863 28,575   133,288
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 32,294
b Net investment income (if negative, enter -0-) 147,432
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 1
2 Savings and temporary cash investments......... 283,467 412,616 412,616
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).......      
c Investments—corporate bonds (attach schedule)....... 343,185 Click to see attachment
List of Attached Documents:
// Content
598,015 		586,231
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).......... 3,443,558 Click to see attachment
List of Attached Documents:
// Content
3,091,872 		3,703,957
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) 4,070,210 4,102,504 4,702,805
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........ 2,444,856 2,444,856
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,625,354 1,657,648
29 Total net assets or fund balances (see instructions)..... 4,070,210 4,102,504
30 Total liabilities and net assets/fund balances (see instructions). 4,070,210 4,102,504
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
4,070,210
2
Enter amount from Part I, line 27a .....................
2
32,294
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,102,504
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
4,102,504
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 1000 UNITS KINDER MORGAN INC P   2023-01-17
b 19000 UNITS OF APPLE INC P   2023-02-23
c 18000 UNITS OF GENERAL MOTORS P   2023-03-01
d 19000 UNITS DUKE ENERGY CAROLINAS LLC P   2023-03-15
e 1000 UNITS OF CITIGROUP INC 3.668% 07/24/2028-2027 P   2023-04-25
8000 UNITS OF HUDSON PAC PPTYS L P 4.65% 04/01/2029-2029 P   2023-04-25
14000 UNITS OF EPR PPTYS 3.75% 08/15/2029-2029 P   2023-04-25
18000 UNITS OF MASTERCARD INC 3.375% 04/01/2024 P   2023-04-25
2000 UNITS OF BRISTOL MYERS SQUIBB CO 3.25% 11/01/2023 P   2023-04-25
3000 UNITS OF CROWN CASTLE INC 4.3% 02/15/2029-2028 P   2023-04-25
10000 UNITS OF HOST HOTELS & RESORTS L P 3.375% 12/15/2029-2029 P   2023-04-25
2000 UNITS OF TOYOTA MTR CR CORP FR 2.9% 04/17/2024 P   2023-04-25
787.813 SHARES VIRTUS KAR SMALL-CAP GROWTH FUND-I P   2023-05-05
11872.557 SHARES TIAA-CREF MUT FDS L/C VAL INDXINST P   2023-05-05
41241.685 SHARES COLUMBIA FDS INSTL TR ULTRA SHORT TERM BOND FUND-INS3 P   2023-05-05
6963.171 SHARES WCM FOCUSED INTERNATIONAL GROWTH FUND-INS P   2023-05-05
10631.003 SHARES VICTORY TRIVALENT INTERNATIONAL SMALL CAP FUND P   2023-05-05
8619.803 SHARES COLUMBIA EMERGING MARKETS FUND INST P   2023-05-05
34979.767 SHARES PIMCO SHORT-TERM FUND INSTL P   2023-05-05
7763.676 SHARES BLACKROCK FDS V STRATEGIC INCOME OPPORTUNITIES PORTFOLIO-INS P   2023-05-05
8078.434 SHARES NORTHERN FDS SUSTIBLTY IND K SMALL CAP VALUE FD P   2023-05-05
17000 SHARES BRISTOL MYERS SQUIBB CO 3.25% 11/01/2023 P   2023-11-01
14000 SHARES WILLIAMS PARTNERS L P 4.5% 11/15/2023-2023 P   2023-11-15
1260310 SHARES FIDELITY INSTITUTIONAL 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 1,000   1,023 -23
b 19,000   19,248 -248
c 18,000   19,352 -1,352
d 19,000   18,922 78
e 941   1,124 -183
5,393   8,824 -3,431
11,202   14,256 -3,054
17,732   18,934 -1,202
1,979   2,064 -85
2,895   3,524 -629
8,549   9,945 -1,396
1,959   2,032 -73
24,824   27,487 -2,663
260,009   241,013 18,996
372,825   372,000 825
151,728   109,078 42,650
147,877   137,080 10,797
100,335   105,130 -4,795
331,608   341,752 -10,144
71,814   77,093 -5,279
141,049   165,217 -24,168
17,000   17,546 -546
14,000   14,899 -899
1,260,310   1,260,310 0
37,887     37,887
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       -23
b       -248
c       -1,352
d       78
e       -183
      -3,431
      -3,054
      -1,202
      -85
      -629
      -1,396
      -73
      -2,663
      18,996
      825
      42,650
      10,797
      -4,795
      -10,144
      -5,279
      -24,168
      -546
      -899
      0
      37,887
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 51,063
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 2,049
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 2,049
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 2,049
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 5,463
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 5,463
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 3,414
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow3,414 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 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 arrowN/A
14
The books are in care ofright arrowCOMERICA BANK Telephone no.right arrow (269) 966-6340

Located atright arrow49 W MICHIGAN AVEBATTLE CREEKMI ZIP+4right arrow49017
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
Yes
 
If "Yes," list the years right arrow2022, 2021, 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
 
No
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
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
DAVID P LUCAS CHAIRMAN
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
SEAN WASHINGTON DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
KELLY BOWERS DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
KIM BRUBAKER DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
LYNN WARD GRAY DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
MIKE COPE DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
PAT HOWARD DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
SANDRA MELGES DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
TERANCE LUNGER DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
LORI A HILL EXECUTIVE DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
MARILYN BURTRUM RECORDING SECRETARY
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
TRINA A RUOFF SECRETARY
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
COMERICA BANK TRUSTEE
1.00 		50,649 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
KATHY SHAW VICE CHAIRMAN
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
TRACY MILLER DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
MATTHEW SCHULTZ DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
VINCE PAVONE DIRECTOR
0.00 		0 0 0
49 W MICHIGAN AVE
BATTLE CREEK,MI49017
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 GRANTING EDUCATIONAL SCHOLARSHIPS 105,020
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
4,076,938
b
Average of monthly cash balances.......................
1b
349,864
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,426,802
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
4,426,802
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
66,402
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,360,400
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
218,020
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
218,020
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,049
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,049
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
215,971
4
Recoveries of amounts treated as qualifying distributions................
4
18,150
5
Add lines 3 and 4............................
5
234,121
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
234,121
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
133,288
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
133,288
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 7 234,121
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 222,204
b Total for prior years:2021, 20, 20 115,108
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$ 133,288
a Applied to 2022, but not more than line 2a 133,288
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..... 0
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 .......... 		115,108
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 ........... 		115,108
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		88,916
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		234,121
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:
COMERICA BANK TRUST DIVISION
49 WEST MICHIGAN AVENUE
BATTLE CREEK,MI49017
(269) 966-6340
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION FORMS & INFORMATION AVAILABLE AT THE ABOVE LOCATION
cAny submission deadlines:
NOVEMBER 15
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRADUATES OF BATTLE CREEK AREA HIGH SCHOOLS
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
HANNAH BAUSERMAN


1212 KEATHLEY DRIVE
BATTLE CREEK,MI49014 		NONE N/A EDUCATIONAL 3,000
JESSICA BROSKY


266 WAGON WHEEL LANE
BATTLE CREEK,MI49017 		NONE N/A EDUCATIONAL 2,500
MEGAN BROWN


13200 EAST ARMOUR LANE
BATTLE CREEK,MI49014 		NONE N/A EDUCATIONAL 3,000
REECE CHAPMAN


15665 DUNN ROAD
BELLEVUE,MI49021 		NONE N/A EDUCATIONAL 3,000
THANG CHIN


247 S BREWER DR
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 1,500
KELCI COY


316 WEST BURNHAM STREET
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
ANDREW CRAIL


100 ELISINOR LANE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
KELLY L DIMOCK


338 SOUTH AVENUE
BATTLE CREEK,MI49014 		NONE N/A EDUCATIONAL 1,500
AUTUMN DORSEY


761 AVENUE A
BATTLE CREEK,MI49037 		NONE N/A EDUCATIONAL 3,000
AVERY ELLENWOOD


10773 4 MILE ROAD
EAST LEROY,MI49051 		NONE N/A EDUCATIONAL 1,500
NICOLE D FELICE


369 RAEFORD ROAD
ANGIER,NC27501 		NONE N/A EDUCATIONAL 1,500
BROOKLYN GARRISON-OSBORN


9435 BASELINE RAOD
BATTLE CREEK,MI49017 		NONE N/A EDUCATIONAL 1,500
ALEXANDRIA M GAW


2325 RING ROAD S
KALAMAZOO,MI49048 		NONE N/A EDUCATIONAL 1,500
ABBY HICKS


11318 F DRIVE SOUTH
CERESCO,MI49033 		NONE N/A EDUCATIONAL 3,000
MEGAN M HICKS


11318 F DRIVE SOUTH
CERESCO,MI49033 		NONE N/A EDUCATIONAL 2,500
AVA B HOMMINGA


444 MORNINGSIDE DRIVE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 2,500
TRESHAI HUBBARD


152 ANN AVE
BATTLE CREEK,MI49037 		NONE N/A EDUCATIONAL 3,000
JANELY LEMUS


274 RIVERSIDE DRIVE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
MEGAN MANU


155 BARRINGTON CIRCLE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 4,250
LAL-DIN MAWIA


745 KNOLLWOOD DRIVE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 1,500
KADEN A NICOLICH


185 ROSEWOOD TRAIL
BATTLE CREEK,MI49014 		NONE N/A EDUCATIONAL 2,500
EMILY NICOLE O'NEIL


5059 HALBERT RD E
BATTLE CREEK,MI49017 		NONE N/A EDUCATIONAL 2,500
GABRELLE K OURSLER


117 PHEASANT RUN
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
LEILA E OVERBEEK


550 COUNTRY CLUB DRIVE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 2,500
SUI LEN PAR


114 LINCOLNWOOD DRIVE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
SAVANNA PETERSEN


223 BRIARHILL DRIVE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
LUCY VAN HLU PUI


131 CHAPEL HILL DRIVE
BATTLE CREEK,MI49037 		NONE N/A EDUCATIONAL 3,000
ALEXIS RIVERA


2805 REDWOOD AVE APT C02
KALAMAZOO,MI49006 		NONE N/A EDUCATIONAL 3,000
EDUARDO ROMERO


65 GOGUAC STREET W
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
TYLER E SEBRIGHT


42 BOYER DRIVE
BATTLE CREEK,MI49014 		NONE N/A EDUCATIONAL 1,500
MAH SUI


609 EASTFIELD DRIVE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
BROOKLYN M TAYLOR


111 BERRY HILL DRIVE
BATTLE CREEK,MI49014 		NONE N/A EDUCATIONAL 1,500
JACOB H VANDIS


155 ONEY LANE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 5,500
EDWIN VILLEDA-CALLEJAS


143 3RD STREET
BATTLE CREEK,MI49014 		NONE N/A EDUCATIONAL 3,000
COLBY T WAY


2154 HICKORY RIDGE
GALESBURG,MI49053 		NONE N/A EDUCATIONAL 1,500
JAYLA WEST


127 SHELLENBERGER AVE
BATTLE CREEK,MI49037 		NONE N/A EDUCATIONAL 3,000
MEGAN WRIGHT


1611 WATKINS ROAD
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
JIMSON YANG


130 MESA VERDE DRIVE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000
NGUN CER ZI


609 EASTFIELD DRIVE
BATTLE CREEK,MI49015 		NONE N/A EDUCATIONAL 3,000

MICHIGAN STATE UNIVERSITY

220 TROWBRIDGE RD
EAST LANSING,MI48824 		NONE N/A EDUCATIONAL 1,500
Total .................................right arrow 3a 104,250
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 16,515  
4 Dividends and interest from securities ....     14 106,354  
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 .....         2,075
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 51,063  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRETURN OF SCHOLARSHIPS 		        18,150
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 173,932 20,225
13Total. Add line 12, columns (b), (d), and (e)..................
13
194,157
(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.)
11A RETURN OF UNUSED SCHOLARSHIPS
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:
WINSHIP MEMORIAL SCHOLARSHIP FOUNDATION
 
C/O COMERICA BANK
EIN:
38-6092543
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PLANTE & MORAN, PLLC 6,500 3,250   3,250

TY 2023 InvestmentsCorpBondsSchedule
Name:
WINSHIP MEMORIAL SCHOLARSHIP FOUNDATION
 
C/O COMERICA BANK
EIN:
38-6092543
Name of Bond End of Year Book Value End of Year Fair Market Value
AMERICAN TOWER REIT 3.95% 03/15/2029-2028 9,258 7,633
AMGEN INC 3.625% 05/22/2024-2024 7,702 6,944
APPLE INC 2.05% 09/11/2026-2026 1,860 1,884
APTIV PLC / APTIV CORP 3.25% 03/01/2032-2031 12,725 13,251
ARES CAPITAL CORP 2.875% 06/15/2027-2027 17,432 18,273
AT&T INC SR 5.4% 02/15/2034 CALLABLE 3,768 4,125
B A T CAP CORP 2.726% 03/25/2031-2030 3,963 4,193
B A T CAP CORP 7.75% 10/19/2032-2032 19,353 20,320
BIO RAD LABORATORIES INC 3.3% DTD 2/23/2022 3.30% 3/15/2027 5,626 5,701
BIO RAD LABORATORIES INC 3.7% 03/15/2032-2031 17,516 18,059
BK OF AMERICA CORP FR 4.571% 04/27/2033-2032 17,729 18,110
BLACK HILLS CORP 2.5% 06/15/2030-2030 7,433 7,563
BOEING CO 5.04% 05/01/2027-2027 DTD 5/4/2020 5.04% 5/1/2027 11,941 12,105
BRIXMOR OPER PARTNERSHIP LP 4.05% 07/01/2030-2030 17,991 18,689
CITIGROUP INC 3.668% 07/24/2028-2027 3,373 2,859
CITIGROUP INC 3.98% 03/20/2030-2029 17,637 15,183
CROWN CASTLE INTL CORP NEW 3.1% 11/15/2029-2029 6,507 5,368
CROWN CASTLE INTL CORP NEW 4.3% 14,097 11,549
EBAY INC 2.7% 03/11/2030-2029 16,429 16,008
ELEVANCE HEALTH INC 2.25% 05/15/2030-2030 828 866
EVERSOURCE ENERGY 2.9% 03/01/2027-2027 24,260 24,614
EXPEDIA INC DEL 3.25% 02/15/2030-2029 9,478 10,084
FACTSET RESEARCH SYSTEMS INC 3.45% 03/01/2032-2031 14,582 15,224
FIFTH THIRD BANCORP 4.772% 07/28/2030-2029 18,395 19,533
FNF GROUP 3.4% 06/15/2030-2030 17,261 17,824
FORTUNE BRANDS HOME & SEC INC 3.25% 09/15/2029-2029 3,241 2,772
GATX CORP 4% 06/30/2030-2030 918 932
GLOBAL PAYMENTS INC 5.4% 08/15/2032-2022 17,508 18,176
GOLDMAN SACHS 3.691% 06/05/28-27 7,425 6,688
HOME DEPOT INC 2.875% 04/15/2027 19,000 19,124
JPMORGAN CHASE & CO 3.702% 05/06/2030-2029 18,531 15,057
JPMORGAN CHASE & CO 5.717% 09/14/2033-2032 9,094 9,312
KIMCO 3.2% 04/01/2032-2032 11,645 12,182
LAZARD GROUP LLC 4.375% 03/11/2029-2028 21,289 19,347
MARRIOTT INTL INC NEW CL A 3.5% 10/15/2032-2032 2,571 2,675
MCDONALDS CORP 2.625% 09/01/2029-2029 2,186 1,830
MICRON TECHNOLOGY INC 4.185% 02/15/2027-2026 17,268 17,655
MICRON TECHNOLOGY INC 5.327% 02/06/2029-2028 5,925 6,120
NISOURCE INC 3.6% 05/01/2030-2030 8,856 9,304
NVR INC 3% 05/15/2030-2029 874 891
ONEOK INC 4.35% 03/15/2029-2028 13,907 12,634
SANTANDER HOLDINGS USA INC SR NT 2.49% 01/06/2028-2027 18,154 19,225
SOUTHERN CAL EDISON 1ST & REFUNDING MTG BD SER 2004B 6% 01/15/2034 992 1,096
SOUTHWEST GAS CORP 4.05% 03/15/2032-2031 24,284 25,299
TOYOTA MTR CR CORP FR 2.9% 04/17/2024 17,271 16,873
VERIZON COMMNS INC 4.125% 03/16/2027 23,544 23,647
WALT DISNEY CO 2% 09/01/2029-2029 16,556 14,196
WELLS FARGO & CO SR NT 3.35% 03/02/2033-2032 852 873
WELLS FARGO & CO MEDIUM TERM SR 3.75% 1,096 999
WELLS FARGO & CO MEDIUM TERM SR 4.15% 9,478 7,776
WELLS FARGO COMPANY 3.55% 09/29/2025 1,064 977
WELLS FARGO & CO SR NT 4.897% 07/25/2033-2032 4,782 4,871
WORKDAY INC 3.8% 04/01/2032-2031 4,465 4,656
WRKCO INC 4.9% 03/15/2029-2028 18,095 15,082

TY 2023 InvestmentsOtherSchedule2
Name:
WINSHIP MEMORIAL SCHOLARSHIP FOUNDATION
 
C/O COMERICA BANK
EIN:
38-6092543
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACKROCK FDS V STRATEGIC INCOME OPPORTUNITIES PORTFOLIO-INST AT COST 131,119 125,690
BAIRD ULTRA SHORT BOND - INS AT COST 123,370 123,861
ISHARES BARCLAYS 3-7 YR TSY BD FD AT COST 122,797 121,347
ISHARES LEHMAN SHORT TREAS BD FD AT COST 145,949 145,922
ISHARES TR BARCLAYS 1-3YR TRS BD FD AT COST 82,085 81,876
HARDING LOEVNER FDS INC INTERNATIONAL EQUITY PORTFOLIO AT COST 183,627 207,209
TIAA-CREF MUT FDS L/C GROW INDX-INST AT COST 735,497 1,117,417
TIAA-CREF MUT FDS L/C VAL INDX-INST AT COST 810,969 972,156
VIRTUS KAR SMALL-CAP GROWTH FUND-I AT COST 97,646 95,377
DIMENSIONAL US MARKETWIDE VAU.S. SMALL CAP ETF AT COST 118,977 139,690
DIMENSIONAL US MARKETWIDE VA AT COST 206,275 215,140
JOHN HANCOCK FDS III DISCIPLINED VALUE FD CL I AT COST 291,977 315,148
AIRCASTLE LTD 4.25% DTD 6/13/2019 4.25% 6/15/2026 AT COST 17,926 18,356
NXP B V/NXP FUNDING LLC/NXP USA 2.65% SNR NTS 15/02/2032 USD (SEC REGD) 2.65 AT COST 6,425 6,740
NXP B V/NXP FUNDING LLC/NXP USA 5% 01/15/2033-2032 AT COST 17,233 18,028

TY 2023 OtherExpensesSchedule
Name:
WINSHIP MEMORIAL SCHOLARSHIP FOUNDATION
 
C/O COMERICA BANK
EIN:
38-6092543
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MICHIGAN ANNUAL REPORT FEE 20 0   20
ADMINISTRATIVE FEES 444 0   444


TY 2023 OtherIncomeSchedule2
Name:
WINSHIP MEMORIAL SCHOLARSHIP FOUNDATION
 
C/O COMERICA BANK
EIN:
38-6092543
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 2,075 2,075 2,075
RETURN OF SCHOLARSHIPS 18,150   18,150