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
JOE & FRANCES NAUMES FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 996
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEDFORD, OR97501
A Employer identification number

93-1138741
B Telephone number (see instructions)

(541) 608-1732
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$2,679,965J 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... 72,142 72,142  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 204,953
b Gross sales price for all assets on line 6a 1,169,593
7 Capital gain net income (from Part IV, line 2)... 204,953
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........ 277,095 277,095  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,586 2,634   3,952
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
4,552 4,552   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,640 140   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
402 0   402
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 14,180 7,326   4,354
25 Contributions, gifts, grants paid....... 438,500 231,833
26 Total expenses and disbursements. Add lines 24 and 25 452,680 7,326   236,187
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -175,585
b Net investment income (if negative, enter -0-) 269,769
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 66,143 58,357 58,357
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 arrow1,675,000
Less: allowance for doubtful accounts right arrow0 1,675,000 1,675,000 1,675,000
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)....... 538,212 Click to see attachment
List of Attached Documents:
// Content
887,053 		946,608
c Investments—corporate bonds (attach schedule)....... 240,700 0 0
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)..........      
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) 2,520,055 2,620,410 2,679,965
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................   206,667
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)......... 0 206,667
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 2,520,055 2,413,743
29 Total net assets or fund balances (see instructions)..... 2,520,055 2,413,743
30 Total liabilities and net assets/fund balances (see instructions). 2,520,055 2,620,410
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
2,520,055
2
Enter amount from Part I, line 27a .....................
2
-175,585
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
69,273
4
Add lines 1, 2, and 3 ..........................
4
2,413,743
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
2,413,743
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 PUBLICLY TRADED SECURITIES      
b CAPITAL GAIN DISTRIBUTIONS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,169,588   964,640 204,948
b 5     5
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       204,948
b       5
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 204,953
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 3,750
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 3,750
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 3,750
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,765
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,600
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,365
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 1,615
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,615 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 arrowOR
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 arrowANNIE EADIE Telephone no.right arrow (541) 772-6268

Located atright arrow2 BARNETT RDMEDFORDOR ZIP+4right arrow97501
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SUSAN F NAUMES PRESIDENT
1.00 		0 0 0
PO BOX 996
MEDFORD,OR97501
MICHAEL D NAUMES DIRECTOR
1.00 		0 0 0
PO BOX 996
MEDFORD,OR97501
MARY P NAUMES DIRECTOR
1.00 		0 0 0
PO BOX 996
MEDFORD,OR97501
LAURA NAUMES DIRECTOR
1.00 		0 0 0
PO BOX 996
MEDFORD,OR97501
DIANE MATTHEWS DIRECTOR
1.00 		0 0 0
PO BOX 996
MEDFORD,OR97501
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
995,439
b
Average of monthly cash balances.......................
1b
102,899
c
Fair market value of all other assets (see instructions)................
1c
1,675,000
d
Total (add lines 1a, b, and c).........................
1d
2,773,338
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
2,773,338
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
41,600
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,731,738
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
136,587
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
136,587
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,750
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,750
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
132,837
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
132,837
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
132,837
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
236,187
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
236,187
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 7 132,837
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 54,894
b From 2019...... 73,554
c From 2020...... 162,373
d From 2021...... 64,938
e From 2022...... 68,999
f Total of lines 3a through e ........ 424,758
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 236,187
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 132,837
e Remaining amount distributed out of corpus 103,350
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 5 528,108
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		54,894
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		473,214
10 Analysis of line 9:
a Excess from 2019.... 73,554
b Excess from 2020.... 162,373
c Excess from 2021.... 64,938
d Excess from 2022.... 68,999
e Excess from 2023.... 103,350
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

SACRED HEART CATHOLIC CHURCH

517 W 10TH ST
MEDFORD,OR97501 		  PC SUPPORT FOR CATHOLIC CHARITY PROGRAM 33,333

ASANTE FOUNDATION

2600 SISKIYOU BLVD SUITE 100
MEDFORD,OR97504 		  PC SUPPORT FOR COMMUNITY HEALTH 22,500

ST MARY'S ENDOWMENT FUND

816 BLACK OAK DRIVE
MEDFORD,OR97504 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 20,000

HOLLY THEATRE RESTORATION PROJECT

221 W 10TH STREET STE 200
MEDFORD,OR97501 		  PC SUPPORT FOR CULTURAL ENRICHMENT 12,500

SOUTHERN OREGON UNIVERSITY FOUNDATION

1250 SISKIYOU BLVD
ASHLAND,OR97520 		  PC GENERAL SUPPORT 10,000

ROGUE VALLEY FAMILY YMCA

522 W 6TH STREET
MEDFORD,OR97501 		  PC SUPPORT FOR COMMUNITY RECREATION PROGRAMS 7,500

HOPE EQUESTRIAN CENTER

PO BOX 396
EAGLE POINT,OR97524 		  PC SUPPORT FOR COMMUNITY RECREATION PROGRAMS 7,000

UNITED WAY OF JACKSON COUNTY

1457 EAST MCANDREWS
MEDFORD,OR97501 		  PC SUPPORT FOR COMMUNITY HEALTH 7,000

LA CLINICA DEL VALLE

730 BIDDLE RD
MEDFORD,OR97504 		  PC SUPPORT FOR COMMUNITY HEALTH 6,000

BRITT FESTIVAL

PO BOX 1124 OR
MEDFORD,OR97501 		  PC SUPPORT FOR CULTURAL ENRICHMENT 5,000

CRATERIAN GINGER ROGERS THEATER

23 S CENTRAL AVENUE
MEDFORD,OR97501 		  PC SUPPORT FOR CULTURAL ENRICHMENT 5,000

ROGUE VALLEY SYMPHONY

1875 HIGHWAY 99 N STE 7
ASHLAND,OR97520 		  PC SUPPORT FOR CULTURAL ENRICHMENT 5,000

ST MARY'S OF MEDFORD INC

816 BLACK OAK DRIVE
MEDFORD,OR97504 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 5,000

ST MARY'S SCHOOL

816 BLACK OAK DRIVE
MEDFORD,OR97504 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 5,000

ST VINCENT DE PAUL

PO BOX 1663
MEDFORD,OR97501 		  PC SUPPORT FOR CATHOLIC CHARITY PROGRAM 5,000

TALENT MAKER CITY

PO BOX 164
TALENT,OR97540 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 5,000

PROVIDENCE COMMUNITY HEALTH FOUNDATION

940 ROYAL AVE SUITE 410
MEDFORD,OR97504 		  PC SUPPORT FOR COMMUNITY HEALTH 4,000

JACKSON COUNTY SART

43 MORNINGLIGHT DRIVE
ASHLAND,OR97520 		  PC SUPPORT FOR COMMUNITY RECREATION PROGRAMS 3,500

CASA OF JACKSON COUNTY

613 MARKET STREET
MEDFORD,OR97504 		  PC GENERAL SUPPORT 3,000

OLDIES BUT GOODIES

725 W 11TH ST
MEDFORD,OR97501 		  PC GENERAL SUPPORT 3,000

AMAHORO CHILDREN & COMMUNITY TEAM

7163 GRIFFIN LN
JACKSONVILLE,OR97530 		  PC AUCTION PADDLE BID 2,500

EL AMOR DE PATRICIA

3445 GIRARD AVE SO
MINNEAPOLIS,MN55408 		  PC GENERAL SUPPORT 2,500

FAMILY NURTURING CENTER

212 NORTH OAKDALE
MEDFORD,OR97501 		  PC SUPPORT FOR COMMUNITY HEALTH 2,500

ROGUE VALLEY CHORALE

724 S CENTRAL AVE 102
MEDFORD,OR97501 		  PC SUPPORT FOR CULTURAL ENRICHMENT 2,500

SISKIYOU MUSIC PROJECT

PO BOX 576
ASHLAND,OR97520 		  PC SUPPORT FOR CULTURAL ENRICHMENT 2,500

SISKIYOU VIOLINS

PO BOX 4546
MEDFORD,OR97501 		  PC SUPPORT FOR CULTURAL ENRICHMENT 2,500

YOUTH SYMPHONY OF SOUTHERN OREGON

925 W 8TH ST
MEDFORD,OR97501 		  PC SUPPORT FOR CULTURAL ENRICHMENT 2,500

BOY SCOUTS OF AMERICACRATER LAKE COUNCIL

3039 HANLEY RD
CENTRAL POINT,OR97502 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 2,000

BOYS & GIRLS CLUB OF THE ROGUE VALLEY

203 SE 9TH STREET
GRANTS PASS,OR97526 		  PC SUPPORT FOR COMMUNITY RECREATION PROGRAMS 2,000

CAMELOT THEATRE CO

101 TALENT AVE
TALENT,OR97540 		  PC SUPPORT FOR CULTURAL ENRICHMENT 2,000

COMPASS HOUSE

332 W 6TH STREET
MEDFORD,OR97501 		  PC SUPPORT FOR CLOTHING & SHELTER 2,000

CONSUMER CREDIT COUNSELING SERVICE OF SO

820 CRATER LAKE AVE 202
MEDFORD,OR97504 		  PC SUPPORT FOR LOW-INCOME 2,000

CORE 10 ATHLETIC PROGRAM

1090 OREGON AVE
BANDON,OR97411 		  PC SCHOLARSHIPS 2,000

MAGDALENE HOME

PO BOX 255
MEDFORD,OR97501 		  PC SUPPORT FOR CLOTHING & SHELTER 2,000

RECLAIMING LIVES

228 E MAIN ST H
MEDFORD,OR97501 		  PC GENERAL SUPPORT 2,000

USTA PACIFIC NORTHWEST FOUNDATION

9746 SW NIMBUS AVE
BEAVERTON,OR97008 		  PC SUPPORT FOR COMMUNITY RECREATION PROGRAMS 2,000

OREGON CENTER FOR CREATIVE LEARNING

413 W MAIN ST
MEDFORD,OR97501 		  PC SUPPORT FOR COMMUNITY HEALTH 1,500

OREGON FFA FOUNDATION

PO BOX 1165
CANBY,OR97013 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 1,500

ROGUE RETREAT

1410 W 8TH
MEDFORD,OR97501 		  PC SUPPORT FOR CLOTHING & SHELTER 1,500

SOUTHERN OREGON FRIENDS OF HOSPICE

PO BOX 1182
ASHLAND,OR97520 		  PC SUPPORT FOR CLOTHING & SHELTER 1,500

SOUTHERN OREGON HUMANE SOCIETY

2910 TABLE ROCK ROAD
MEDFORD,OR97501 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 1,500

SPARTAN BOXING CLUB

729 WELCH STREET MEDFORD
MEDFORD,OR97501 		  PC SUPPORT FOR COMMUNITY RECREATION PROGRAMS 1,500

1ST PHOENIX COMMUNITY CENTER

121 W 2ND ST
PHOENIX,OR97535 		  PC GENERAL SUPPORT 1,000

ADDICTIONS RECOVERY CENTER

1003 WEST MAIN ST
MEDFORD,OR97501 		  PC SUPPORT FOR COMMUNITY HEALTH 1,000

BANDON COMMUNITY YOUTH CENTER

101 11TH ST SW
BANDON,OR97411 		  PC SUPPORT FOR COMMUNITY RECREATION PROGRAMS 1,000

BANDON HISTORICAL SOCIETY MUSEUM

270 FILLMORE AVE SE
BANDON,OR97411 		  PC SUPPORT FOR CULTURAL ENRICHMENT 1,000

COMMUNITY WORKS

2594 BARNETT ROAD STE C
MEDFORD,OR97504 		  PC SUPPORT FOR COMMUNITY HEALTH 1,000

DAVID'S CHAIR

535 SUNRISE AVENUE
MEDFORD,OR97504 		  PC GENERAL SUPPORT 1,000

HABITAT FOR HUMANITYROGUE VALLEY

2233 S PACIFIC HWY
MEDFORD,OR97501 		  PC SUPPORT FOR CLOTHING & SHELTER 1,000

LIVING OPPORTUNITIES

717 MURPHY ROAD
MEDFORD,OR97504 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 1,000

MASLOW PROJECT'S

PO BOX 999
MEDFORD,OR97501 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 1,000

ROGUE FOOD UNITES

40 S BARTLETT ST
MEDFORD,OR97501 		  PC GENERAL SUPPORT 1,000

ROGUE ART GALLERY

4 S BARTLETT STREET
MEDFORD,OR97501 		  PC GENERAL SUPPORT 1,000

ROGUE VALLEY HARMONIZERS

201 WAGON WHEEL DRIVE
GRANTS PASS,OR97501 		  PC SUPPORT FOR CULTURAL ENRICHMENT 1,000

ROGUE VALLEY SMART

670 SUPERIOR CT STE 108
MEDFORD,OR97501 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 1,000
Total .................................right arrow 3a 231,833
bApproved for future payment

ASANTE FOUNDATION
2600 SISKIYOU BLVD SUITE 100
MEDFORD,OR97504 		  PC SUPPORT FOR COMMUNITY HEALTH 40,000

LA CLINICA DEL VALLE
730 BIDDLE RD
MEDFORD,OR97504 		  PC SUPPORT FOR COMMUNITY HEALTH 20,000

SACRED HEART CATHOLIC CHURCH
517 W 10TH ST
MEDFORD,OR97501 		  PC SUPPORT FOR GYM RENNOVATION 66,667

ST MARY'S ENDOWMENT FUND
816 BLACK OAK DRIVE
MEDFORD,OR97504 		  PC SUPPORT FOR EDUCATION & SCHOLARSHIP PROGRAMS 80,000
Total ................................. right arrow 3b 206,667
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 72,142  
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 .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 204,953  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 277,095 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
277,095
(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:
JOE & FRANCES NAUMES FAMILY FOUNDATION
EIN:
93-1138741
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 6,586 2,634   3,952

TY 2023 InvestmentsCorpStockSchedule
Name:
JOE & FRANCES NAUMES FAMILY FOUNDATION
EIN:
93-1138741
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 7,058 8,255
ABBVIE INC 7,133 7,749
ALPHABET INC. 38,313 40,510
AMAZON.COM INC 7,125 7,597
AMERICAN INTL GROUP 6,913 7,453
APA CORP 9,582 9,329
APPLE INC 46,617 49,095
AUTONATION INC 8,746 9,762
AVALONBAY CMNTYS INC 5,064 5,617
BROADCOM INC 9,999 12,279
BROWN & BROWN INC 5,739 5,689
CENCORA INC 5,899 6,161
CHEVRON CORP 7,840 8,204
COMCAST CORP 12,108 12,717
CROWDSTRIKE HLDGS INC 7,763 10,213
ENTERGY CORP 8,680 9,107
FORTIVE CORP DISC 15,119 16,935
GE HEALTHCARE TECHNOLOGI 4,878 5,412
HOME DEPOT INC 7,388 8,664
HONEYWELL INTL INC 13,822 15,728
JOHNSON & JOHNSON 11,298 11,756
JPMORGAN CHASE & CO 14,458 17,010
LKQ CORP 4,865 5,257
LOCKHEED MARTIN CORP 6,681 6,799
MCDONALDS CORP 8,025 8,895
MICROSOFT CORP 54,479 56,406
MONSTER BEVERAGE CORPORA 5,571 5,761
MOTOROLA SOLUTIONS 7,699 7,827
NVIDIA CORP 21,062 22,285
PALO ALTO NETWORKS 10,951 13,270
PARKER-HANNIFIN CORP 18,504 20,732
PHILIP MORRIS INTL 9,042 9,408
PPG INDUSTRIES INC 6,470 7,478
PROCTER & GAMBLE 15,724 15,387
SCHLUMBERGER LTD F 4,733 4,684
SERVICE NOW INC 7,491 8,478
STATE STREET CORP 5,993 6,971
STRYKER CORP 8,249 8,984
THERMO FISHER SCNTFC 11,363 13,270
TJX COMPANIES INC 10,866 11,257
UNITEDHEALTH GRP INC 10,161 10,003
VISA INC 17,035 18,225
VOYA FINL INC 4,783 5,107
WALMART INC 12,309 11,824
ZOETIS INC 4,261 4,934
ISHARES CORE US 130,158 134,980
ISHARES MSCI ACWI EX US 106,133 114,840
JPMORGAN US SMALL COMPAN 34,384 39,848
VARIANT ALTERNATIVE INCO 25,690 24,684
VERSUS CAPITAL MULTI-MGR 25,690 25,365
VERSUS CAPITAL REAL ASSE 34,241 34,951
CROWN CASTLE INC 2,898 3,456

TY 2023 OtherExpensesSchedule
Name:
JOE & FRANCES NAUMES FAMILY FOUNDATION
EIN:
93-1138741
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE TAX FEE 402 0   402


TY 2023 OtherIncreasesSchedule
Name:
JOE & FRANCES NAUMES FAMILY FOUNDATION
EIN:
93-1138741
Description Amount
TEMPORARY DIFFERENCE 69,273


TY 2023 OtherProfessionalFeesSchedule
Name:
JOE & FRANCES NAUMES FAMILY FOUNDATION
EIN:
93-1138741
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 4,552 4,552   0


TY 2023 TaxesSchedule
Name:
JOE & FRANCES NAUMES FAMILY FOUNDATION
EIN:
93-1138741
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 140 140   0
FEDERAL TAX EXPENSE 2,500 0   0