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
HOVEIDA FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4551 FLYING GOAT AVE NE A120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BAINBRIDGE ISLAND, WA98110
A Employer identification number

85-4041310
B Telephone number (see instructions)

(206) 717-0669
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$63,920,242J 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 206,424 206,424  
4 Dividends and interest from securities... 1,454,535 1,454,535  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -850,326
b Gross sales price for all assets on line 6a 13,861,456
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
59,136 59,136  
12 Total. Add lines 1 through 11........ 869,769 1,720,095  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 91,375 0   91,375
14 Other employee salaries and wages...... 21,850 0   21,850
15 Pension plans, employee benefits....... 2,450 0   2,450
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
909 0   909
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
84,141 58,899   25,242
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
210,078 208,496   1,582
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
40,492 30,329   10,163
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
1,968 0   1,968
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 453,263 297,724   155,539
25 Contributions, gifts, grants paid....... 3,346,000 3,346,000
26 Total expenses and disbursements. Add lines 24 and 25 3,799,263 297,724   3,501,539
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,929,494
b Net investment income (if negative, enter -0-) 1,422,371
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............. 190,197 1,553,304 1,553,304
2 Savings and temporary cash investments......... 9,656,358 4,808,175 4,808,309
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) 8,500,364 Click to see attachment
List of Attached Documents:
// Content
10,559,880 		9,929,249
b Investments—corporate stock (attach schedule)....... 32,619,533 Click to see attachment
List of Attached Documents:
// Content
30,514,397 		32,604,243
c Investments—corporate bonds (attach schedule)....... 15,431,375 Click to see attachment
List of Attached Documents:
// Content
15,184,146 		14,022,388
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).......... 129,169 Click to see attachment
List of Attached Documents:
// Content
995,273 		1,007,279
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
13,143 		Click to see attachment
List of Attached Documents:
// Content
-4,530 		Click to see attachment
List of Attached Documents:
// Content
-4,530
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 66,540,139 63,610,645 63,920,242
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 66,540,139 63,610,645
29 Total net assets or fund balances (see instructions)..... 66,540,139 63,610,645
30 Total liabilities and net assets/fund balances (see instructions). 66,540,139 63,610,645
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
66,540,139
2
Enter amount from Part I, line 27a .....................
2
-2,929,494
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
63,610,645
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
63,610,645
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 GAINS DIVIDENDS 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 13,861,291   14,711,782 -850,491
b 165     165
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       -850,491
b       165
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 -850,326
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 19,771
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 19,771
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 19,771
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 18,423
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 33,423
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 13,652
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow13,652 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 arrowWA, MN
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 arrowHOVEIDAFOUNDATION.ORG
14
The books are in care ofright arrowAMETHYST LUCILLE NELSON Telephone no.right arrow (206) 717-0669

Located atright arrow4551 FLYING GOAT AVE NE STE A120BAINBRIDGE ISLANDWA ZIP+4right arrow98110
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
BAHMAN HOVEIDA PRESIDENT
1.00 		0 0 0
4551 FLYING GOAT AVE NE STE A120
BAINBRIDGE ISLAND,WA98110
REBECCA HOVEIDA VICE PRESIDENT
1.00 		0 0 0
4551 FLYING GOAT AVE NE STE A120
BAINBRIDGE ISLAND,WA98110
AMETHYST LUCILLE NELSON SECRETARY TREASURER
20.00 		91,375 2,000 0
4551 FLYING GOAT AVE NE STE A120
BAINBRIDGE ISLAND,WA98110
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
WELLS FARGO INVESTMENT MANAGEMENT SERVICES 95,264
900 WAYZATA BLVD E MEZZANINE LEVEL
WAYZATA,MN55391
VWC PS ACCOUNTING SERVICES 84,141
10510 NORTHUP WAY STE 300
KIRKLAND,WA98033
CITI BANK INVESTMENT MANAGEMENT SERVICES 79,097
SORT 2230
NEW YORK,NY10043
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 DEDICATE TO THE PROMOTION OF SCIENTIFIC AND ENGINEERING EDUCATION AND RESEARCH TO MAKE THE WORLD A BETTER PLACE FOR ALL HUMANITY AND ALL LIVING THINGS. 155,539
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
53,210,501
b
Average of monthly cash balances.......................
1b
9,239,108
c
Fair market value of all other assets (see instructions)................
1c
1,007,279
d
Total (add lines 1a, b, and c).........................
1d
63,456,888
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
63,456,888
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
951,853
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
62,505,035
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,125,252
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,125,252
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
19,771
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,771
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,105,481
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,105,481
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,105,481
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,501,539
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,501,539
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 3,105,481
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......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 292,196
f Total of lines 3a through e ........ 292,196
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,501,539
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..... 3,105,481
e Remaining amount distributed out of corpus 396,058
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 5 688,254
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		688,254
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 292,196
e Excess from 2023.... 396,058
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).)
BAHMAN HOVEIDA
REBECCA HOVEIDA
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

FIREFLY SISTERHOOD

5775 WAYZATA BLVD SUITE 700
ST LOUIS PARK,MN55416 		NONE PUBLIC CHARITY FUNDING PROVIDES SUPPORT FOR BREAST CANCER SURVIVORS WITH ONE-TO-ONE SOCIAL AND EMOTIONAL SUPPORT TO WOMEN WHO HAVE BEEN IMPACTED BY A BREAST CANCER DIAGNOSIS 50,000

IEEE FOUNDATION

445 HOES LANE
PISCATAWAY,NJ08854 		NONE PUBLIC CHARITY HELP BUILD THE NEXT GENERATION OF POWER AND ENERGY ENGINEERS BY PROVIDING FINANCIAL SUPPORT AND CAREER OPPORTUNITIES TO IEEE STUDENTS 250,000

MAYO CLINIC

200 FIRST STREET SW
ROCHESTER,MN55905 		NONE PUBLIC CHARITY FUNDING RESEARCH FOR ARTIFICIAL INTELLIGENCE FOR MEDICINE, IMPROVEMENTS IN TREATMENTS OR CURES FOR AUTO-IMMUNE DISEASE, CROHN'S, CANCER, DIABETES 2,000,000

BETTERGRIDS FOUNDATION

PO BOX 830
ALAMO,CA94507 		NONE PUBLIC CHARITY SUPPORT FOR GRID RESEARCHERS TO HAVE THE ESSENTIAL TEST DATA THEY NEED TO DEVELOP BETTER GRID SOLUTIONS. THE MISSION IS TO OPERATE THE GRID DATA REPOSITORY IN A SELF-FUNDING MANNER TO SUPPORT EDUCATION AND RESEARCH IN DEVELOPING BETTER SOLUTIONS FOR GRID RESILIENCY, CONTROL, AND OPTIMIZATION 10,000

JUVENILE DIABETES RESEARCH FUND

3001 METRO DRIVE STE 100
BLOOMINGTON,MN55425 		NONE PUBLIC CHARITY PROVIDE SUPPORT FOR JUVENILLE DIABETES RESEARCH 25,000

THE BOWERY MISSION

90 LAFAYETTE STREET
NEW YORK,NY10013 		NONE PUBLIC CHARITY PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS 25,000

SHARING AND CARING HANDS

525 N 7TH STREET
MINNEAPOLIS,MN55405 		NONE PUBLIC CHARITY PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS 25,000

SINGLE MOM STRONG

7525 AUBURN BLVD STE 5
CITRUS HEIGHTS,CA95610 		NONE PUBLIC CHARITY HOLIDAY ADOPT-A-FAMILY PROGRAM PROVIDE HOLIDAY MEAL AND HOLIDAY GIFTS FOR SINGLE MOMS AND CHILDREN DURING THE HOLIDAY SEASON 1,000

THE SALVATION ARMY

5040 NORTH PULASKI ROAD
CHICAGO,IL60630 		NONE PUBLIC CHARITY PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS 25,000

WASHINGTON STATE ACADEMY OF SCIENCES

PO BOX 9293
SEATTLE,WA98109 		NONE PUBLIC CHARITY PROVIDE PROGRAMS AND RESEARCH THAT SUPPORT THE DEVELOPMENT OF THE FUTURE STEM WORKFORCE, ADVANCING INDIAN AND NATIVE HEALTH, AND ASSESSING THE IMPACT OF COVID-19 ON K-12 STUDENTS 25,000

PBS FOUNDATION

1225 SOUTH CLARK STREET
ARLINGTON,VA22202 		NONE PUBLIC CHARITY PROVIDE SUPPORT FOR NOVA AND A BRIEF HISTORY OF THE FUTURE EDUCATIONAL PROGRAMMING 500,000

COMPASS HOUSING ALLIANCE

220 DEXTER AVE N
SEATTLE,WA98109 		NONE PUBLIC CHARITY PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS 25,000

NATIONAL ACADEMY OF ENGINEERING FUND

500 FIFTH STREET NW 035
WASHINGTON,DC20001 		NONE PUBLIC CHARITY SUPPORT FOR THE NATIONAL ACADEMY OF ENGINEERING'S INCLUSIVE, DIVERSE, AND EQUITABLE ENGINEERING FOR ALL (IDEEA) PROGRAMS THAT INFORM, INSPIRE, AND PROVIDE OPPORTUNITIES FOR K-12 MARGINALIZED YOUTH AND THEIR CAREGIVERS TO LEARN ABOUT AND ENGAGE WITH ENGINEERING. 25,000

HOPE SHELTERS

249 BALDWIN AVE
PONTIAC,MI48342 		NONE PUBLIC CHARITY PROVIDE EMERGENCY HOMESLESS SHELTER, FOOD, AND/OR CLOTHING TO UNHOUSED POPULATIONS IN COLD WEATHER AREAS 25,000

DANIEL R SAYRE MEMORIAL FOUNDATION

PO BOX 1285
KAILUAKONA,HI96745 		NONE PUBLIC CHARITY SUPPORT THE PURCHASE OF A NEW HEAVY-DUTY 4-WHEEL DRIVE TRUCK THAT WILL ACCESS MORE AREAS OF THE RANCH TO SUPPORT WITH FIGHTING FIRES 25,000

FEEDING PETS OF THE HOMELESS

710 W WASHINGTON ST
CARSON CITY,NV89703 		NONE PUBLIC CHARITY SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS 20,000

PROJECT STREET VET

PO BOX 232579
ENCINITAS,CA92023 		NONE PUBLIC CHARITY PROVIDE FREE VETERINARY CARE, TREATMENT, AND SUPPORT TO THE PETS OF INDIVIDUALS EXPERIENCING HOMELESS AND/OR HOUSING VULNERABILITY 20,000

HELPING PAWS

630 12TH AVE SOUTH
HOPKINS,MN55343 		NONE PUBLIC CHARITY SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING SERVICE DOGS TO PEOPLE WITH DISABILITIES THAT MAY BE LOW INCOME OR OTHERWISE UNABLE TO AFFORD A SERVICE DOG 20,000

AMERICAN VETERINARY MEDICAL FOUNDATION

1931 N MEACHAM RD STE 100
SCHAUMBURG,IL60173 		NONE PUBLIC CHARITY PROVIDE SCHOLARSHIPS TO VETERINARY STUDENTS THAT ARE ADDRESSING HEALTHCARE AND RESEARCH NEEDS RELATED TO ANIMAL CARE 25,000

SEATTLE HUMANE

13212 SE EASTGATE WAY
BELLEVUE,WA98005 		NONE PRIVATE NONPROFIT SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS 20,000

JOEY'S PAW

301 BELMONT RD
BUTLER,PA16001 		NONE PUBLIC CHARITY SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING WHEELCHAIRS AND PROSTHETICS TO ANIMALS THAT COME FROM LOW INCOME OR HOMELESS FAMILIES 20,000

MAUI HUMANE SOCIETY

PO BOX 1047
PUUNENE,HI96784 		NONE PUBLIC CHARITY SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS 20,000

CAN DO CANINES

9440 SCIENCE CENTER DRIVE
NEW HOPE,MN55428 		NONE PUBLIC CHARITY SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING SERVICE DOGS TO PEOPLE WITH DISABILITIES THAT MAY BE LOW INCOME OR OTHERWISE UNABLE TO AFFORD A SERVICE DOG 20,000

HAWAII ISLAND HUMANE SOCIETY

78-6767 MAMALAHOA HWY
HOLUALOA,HI96725 		NONE PUBLIC CHARITY PREVENT CRUELTY TO ANIMALS, ELIMINATE PET OVERPOPULATION AND ENHANCE THE BOND BETWEEN HUMANS AND ANIMALS 20,000

MN SNAP

2822 WASHINGTON AVE N
MINNEAPOLIS,MN55411 		NONE PUBLIC CHARITY SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS 20,000

HAWAII WILDLIFE CENTER

PO BOX 551752
KAPAAU,HI96755 		NONE PUBLIC CHARITY PROVIDE EMERGENCY RESPONSE, MEDICAL AND REHABILITATIVE CARE FOR NATIVE BIRDS AND BATS STATEWIDE, ALONGSIDE CONSERVATION PROGRAMS THAT AIM TO CREATE A COMMUNITY WHERE NATIVE WILDLIFE THRIVE. 20,000

RENEWABLE ENERGY SCHOLARSHIP FOUNDATION

PO BOX 18016
PORTLAND,OR97218 		NONE PUBLIC CHARITY PROVIDE SCHOLARSHIPS TO STUDENTS WHO DEMONSTRATED SUCCESS IN THEIR ACADEMIC PURSUITS IN ANY ASPECTS OF RENEWABLE ENERGY 25,000

SEATTLE VETERINARY OUTREACH

PO BOX 33156
SEATTLE,WA98133 		NONE PUBLIC CHARITY SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS 20,000

ANIMAL HUMANE SOCIETY

845 MEADOW LN N
GOLDEN VALLEY,MN55422 		NONE PUBLIC CHARITY SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING CARE FOR ANIMALS FROM LOW-INCOME OR HOMELESS FAMILIES AND/OR PROVIDING CARE OR SUPPLIES FOR ANIMALS IN SHELTERS 20,000

K9S FOR WARRIORS

114 CAMP K9 ROAD
PONTE VEDRA,FL32081 		NONE PUBLIC CHARITY SUPPORT PROGRAMS AND FUNDING NEEDS THAT FOCUS ON PROVIDING SERVICE DOGS TO VETERANS SUFFERING FROM PTSD, TBI, OR MST THAT MAY BE LOW INCOME OR OTHERWISE UNABLE TO AFFORD A SERVICE DOG 20,000
Total .................................right arrow 3a 3,346,000
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 ........... 		    14 206,424  
4 Dividends and interest from securities ....     14 1,454,535  
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 .....     14 59,136  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -850,326  
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) .. 0 869,769 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
869,769
(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:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 84,141 58,899   25,242

TY 2023 InvestmentsCorpBondsSchedule
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Name of Bond End of Year Book Value End of Year Fair Market Value
GS MORTGAGE SECURITIES TRUST SER 2018-GS9 CL A3 *9 DAY DELAY* 139,990 117,719
HONDA AUTO RECEIVABLES OWNER T 20,767 20,536
UBS COMMERCIAL MORTGAGE TRUST 137,543 119,464
ABBVIE INC DTD 05/14/15 3.600 05/14/2025 110,561 98,189
ADVANCE AUTO PARTS DTD 03/09/23 5.950 03/09/2028 3,781 3,979
AECOM DTD 02/21/17 5.125 03/15/2027 4,465 3,971
ALCOA INC DTD 01/25/07 5.900 02/01/2027 4,075 4,103
ALUMINUM CO AMER DTD 01/27/98 6.750 01/15/2028 3,502 3,159
AMAZON.COM INC DTD 04/13/22 3.600 04/13/2032 69,790 71,443
ANTHEM INC DTD 09/09/19 2.375 01/15/2025 106,115 97,114
ASBURY AUTOMOTIVE GROUP DTD 09/01/20 4.750 03/01/2030 4,100 3,734
AUTOZONE INC DTD 08/01/22 4.750 08/01/2032 121,957 123,747
BALL CORP DTD 03/09/18 4.875 03/15/2026 3,962 3,985
BALL CORP DTD 05/11/23 6.000 06/15/2029 4,030 4,085
BALL CORP DTD 11/25/22 6.875 03/15/2028 2,015 2,078
BANK OF AMERICA CORP DTD 04/22/21 07/22/2027 44,346 45,807
BANK OF AMERICA CORP DTD 04/27/22 04/27/2033 119,087 119,147
BOYD GAMING CORP DTD 06/01/20 4.750 12/01/2027 4,140 3,848
BRISTOL-MYERS SQUIBB CO DTD 11/13/20 1.125 11/13/2027 65,419 66,621
CALLON PETROLEUM CO DTD 06/07/18 6.375 07/01/2026 3,900 3,981
CAPITAL ONE FINANCIAL CO DTD 01/30/18 3.800 01/31/2028 113,164 94,955
CARPENTER TECHNOLOGY DTD 03/16/22 7.625 03/15/2030 3,980 4,125
CARPENTER TECHNOLOGY DTD 07/24/20 6.375 07/15/2028 4,360 3,985
CCO HLDGS LLC/CAP CORP DTD 05/10/21 4.500 05/01/2032 4,700 4,282
CDW LLC/CDW FINANCE DTD 12/01/14 5.500 12/01/2024 4,365 3,988
CEDAR FAIR/CAN/MAGNUM/ML DTD 04/15/18 5.375 04/15/2027 4,098 3,914
CENTENE CORP DTD 12/06/19 4.250 12/15/2027 3,829 3,854
CENTURY COMMUNITIES DTD 12/01/19 6.750 06/01/2027 4,244 4,043
CHARTER COMM OPT LLC/CAP DTD 04/17/18 5.750 04/01/2048 4,669 4,437
CHARTER COMM OPT LLC/CAP DTD 11/01/17 5.375 05/01/2047 3,913 4,249
CHEMOURS CO DTD 05/23/17 5.375 05/15/2027 4,162 3,909
CHEVRON CORP DTD 05/11/20 1.554 05/11/2025 70,543 71,914
CLEVELAND-CLIFFS INC DTD 12/01/19 5.875 06/01/2027 4,140 3,986
COMCAST CORP DTD 10/19/17 3.999 11/01/2049 188,991 146,039
COMMERCIAL METALS CO DTD 02/02/21 3.875 02/15/2031 3,807 3,539
CON-WAY INC DTD 04/30/04 6.700 05/01/2034 3,947 4,091
CREDIT ACCEPTANCE CORPORATION DTD 03/15/20 6.625 03/15/2026 4,207 3,990
CRESTWOOD MID PARTNER LP DTD 03/14/17 5.750 04/01/2025 3,942 4,002
CROWDSTRIKE HOLDINGS INC DTD 01/20/21 3.000 02/15/2029 3,670 3,615
CROWN AMER/CAP CORP V DTD 03/31/17 4.250 09/30/2026 3,705 3,880
CROWN AMERICAS LLC DTD 10/01/22 5.250 04/01/2030 3,810 3,939
CROWN CORK & SEAL CO INC DTD 12/17/96 7.375 12/15/2026 3,682 3,150
CVS HEALTH CORP DTD 03/31/20 3.750 04/01/2030 128,366 117,587
DCP MIDSTREAM OPERATING DTD 07/17/18 5.375 07/15/2025 4,350 4,002
DELTA AIR LINES INC DTD 06/12/20 7.375 01/15/2026 3,498 3,101
DELTA AIR LINES INC DTD 10/28/19 2.900 10/28/2024 3,865 3,893
DUKE ENERGY CORP DTD 06/10/21 2.550 06/15/2031 100,543 85,324
ENCOMPASS HEALTH CORP DTD 09/18/19 4.750 02/01/2030 4,092 3,767
ENCOMPASS HEALTH CORP DTD 09/18/19 4.500 02/01/2028 4,151 3,827
ENLINK MIDSTREAM PARTNER DTD 07/14/16 4.850 07/15/2026 2,917 2,939
EQT MIDSTREAM PARTNERS LP DTD 06/25/18 6.500 07/15/2048 3,581 4,099
EQT MIDSTREAM PARTNERS LP DTD 06/25/18 5.500 07/15/2028 4,103 3,963
EXXON MOBIL CORPORATION DTD 04/15/20 3.452 04/15/2051 51,141 50,990
FIRSTENERGY CORP DTD 06/21/17 3.900 07/15/2027 4,000 3,847
FLUOR CORP DTD 08/29/18 4.250 09/15/2028 4,010 3,779
FORD MOTOR COMPANY DTD 04/22/20 9.625 04/22/2030 4,129 3,534
FORD MOTOR COMPANY DTD 12/08/16 4.346 12/08/2026 3,839 3,898
GENERAL DYNAMICS CORP DTD 05/11/18 3.750 05/15/2028 71,178 73,629
GENERAL MOTORS FINL CO DTD 04/06/23 5.400 04/06/2026 5,009 5,032
GOLDMAN SACHS GROUP INC DTD 05/22/15 3.750 05/22/2025 111,509 97,939
GRIFFON CORPORATION DTD 02/19/20 5.750 03/01/2028 4,240 3,930
H.B. FULLER CO DTD 10/20/20 4.250 10/15/2028 4,080 3,740
HCA INC DTD 01/16/15 5.375 02/01/2025 4,470 3,994
HILLENBRAND INC DTD 03/03/21 3.750 03/01/2031 3,920 3,463
HILTON DOMESTIC OPERATION DTD 06/20/19 4.875 01/15/2030 4,245 3,877
HILTON WORLDWIDE FIN LLC DTD 03/16/17 4.875 04/01/2027 7,847 7,880
HOME DEPOT INC DTD 01/13/20 3.125 12/15/2049 76,495 55,780
HONEYWELL INTERNATIONAL DTD 11/02/22 5.000 02/15/2033 79,277 78,457
JPMORGAN CHASE & CO DTD 10/23/23 10/23/2034 75,789 81,299
KINDER MORGAN INC DTD 03/01/18 4.300 03/01/2028 86,851 73,948
L BRANDS INC DTD 01/23/18 5.250 02/01/2028 3,845 3,956
L BRANDS INC DTD 06/16/16 6.750 07/01/2036 4,770 4,025
LAMAR MEDIA CORP DTD 07/15/20 3.750 02/15/2028 3,549 3,752
LAMAR MEDIA CORP DTD 09/15/20 4.875 01/15/2029 4,180 3,861
MACYS RETAIL HLDGS INC DTD 11/18/14 4.500 12/15/2034 1,450 1,621
MCDONALD'S CORP MED TERM NOTE DTD 12/09/15 4.875 12/09/2045 70,279 73,651
MERITAGE HOMES CORP DTD 06/02/15 6.000 06/01/2025 3,011 2,992
META PLATFORMS INC DTD 05/03/23 4.600 05/15/2028 74,562 76,094
MGIC INVESTMENT CORP DTD 08/12/20 5.250 08/15/2028 4,140 3,894
MGM RESORTS INTL DTD 04/10/19 5.500 04/15/2027 4,281 3,969
MGM RESORTS INTL DTD 06/18/18 5.750 06/15/2025 4,357 3,985
MORGAN STANLEY DTD 01/20/17 4.375 01/22/2047 61,559 44,997
MURPHY OIL CORP DTD 11/27/19 5.875 12/01/2027 3,910 3,980
NRG ENERGY INC DTD 07/15/18 5.750 01/15/2028 3,780 3,985
OLIN CORP DTD 07/16/19 5.625 08/01/2029 4,424 3,936
ONEMAIN FINANCE CORP DTD 06/22/23 9.000 01/15/2029 3,998 4,229
PACIFIC GAS & ELECTRIC DTD 06/08/22 5.450 06/15/2027 3,988 4,032
PACIFIC GAS AND ELECTRIC COMPANY DTD 03/24/04 4.950 07/01/2050 4,070 4,271
PATTERSON-UTI ENERGY INC DTD 08/01/18 3.950 02/01/2028 3,970 3,726
PBF HOLDING CO LLC DTD 08/15/20 6.000 02/15/2028 3,765 3,894
PDC ENERGY INC DTD 05/15/18 5.750 05/15/2026 4,165 3,992
PENSKE AUTOMOTIVE GROUP DTD 08/20/20 3.500 09/01/2025 4,077 3,881
PILGRIM'S PRIDE CORP DTD 04/19/23 6.250 07/01/2033 3,902 4,116
QVC INC DTD 08/21/14 5.450 08/15/2034 4,100 2,424
RADIAN GROUP INC DTD 05/15/20 6.625 03/15/2025 4,511 4,015
RANGE RESOURCES CORP DTD 11/15/15 4.875 05/15/2025 4,215 3,951
ROYAL CARIBBEAN CRUISES DTD 11/28/17 3.700 03/15/2028 3,647 3,688
RYMAN HOSPITALITY PROP DTD 04/15/20 4.750 10/15/2027 4,157 3,864
SBA COMMUNICATIONS CORP DTD 08/01/21 3.125 02/01/2029 3,640 3,594
SBA COMMUNICATIONS CORP DTD 08/15/20 3.875 02/15/2027 4,095 3,841
SEAGATE HDD CAYMAN DTD 05/14/15 4.875 06/01/2027 3,861 3,923
SEAGATE HDD CAYMAN DTD 12/02/14 5.750 12/01/2034 4,540 3,839
SERVICE CORP INTL DTD 05/21/19 5.125 06/01/2029 4,346 3,920
SHEA HOMES LP/FNDG CP DTD 02/20/20 4.750 02/15/2028 3,646 3,760
SM ENERGY CO DTD 08/20/18 6.625 01/15/2027 4,140 3,977
SOUTHWESTERN ENERGY CO DTD 08/01/21 5.375 02/01/2029 4,200 3,904
SPIRIT AEROSYSTEMS INC DTD 06/01/16 3.850 06/15/2026 4,170 3,844
SPRINT CAP CORP DTD 11/16/98 6.875 11/15/2028 3,127 3,251
SPRINT CORP DTD 02/22/18 7.625 03/01/2026 4,652 4,179
SPRINT CORP DTD 06/15/14 7.125 06/15/2024 4,612 4,017
STARBUCKS CORP DTD 05/13/19 4.450 08/15/2049 69,260 72,620
TALOS PRODUCTION INC DTD 01/04/21 12.000 01/15/2026 3,168 3,086
TEGNA INC DTD 09/13/19 5.000 09/15/2029 3,530 3,665
TELEFLEX INC DTD 11/20/17 4.625 11/15/2027 4,221 3,888
TENET HEALTHCARE CORP DTD 06/15/22 6.125 06/15/2030 3,750 4,044
TENET HEALTHCARE CORP DTD 08/26/19 4.875 01/01/2026 3,910 3,955
TENET HEALTHCARE CORP DTD 09/16/20 6.125 10/01/2028 3,715 3,989
TRANSDIGM INC DTD 05/15/20 5.500 11/15/2027 4,135 3,919
TRANSDIGM INC DTD 09/15/19 7.500 03/15/2027 4,307 4,020
TRI POINTE HOLDINGS INC DTD 06/15/15 5.875 06/15/2024 4,456 4,000
UNITED RENTALS NORTH AM DTD 02/25/20 4.000 07/15/2030 4,104 3,684
UNITED RENTALS NORTH AM DTD 05/10/19 5.250 01/15/2030 3,680 3,938
UNITEDHEALTH GROUP INC DTD 07/23/15 4.750 07/15/2045 133,565 97,087
US BANCORP MED TERM NOTE DTD 04/26/18 3.900 04/26/2028 117,267 96,562
USA COM PART/USA COM FIN DTD 09/01/19 6.875 09/01/2027 3,915 3,953
VERIZON COMMUNICATIONS DTD 06/03/19 4.016 12/03/2029 116,329 96,689
VITAL ENERGY INC DTD 01/24/20 10.125 01/15/2028 4,060 4,110
WALGREENS BOOTS ALLIANCE DTD 11/18/14 3.800 11/18/2024 1,965 1,964
WELLTOWER INC DTD 08/19/19 3.100 01/15/2030 90,487 90,183
WESTERN DIGITAL CORP DTD02/13/18 4.750 02/15/2026 2,887 2,943
WESTPAC BANKING CORP DTD 01/25/18 3.400 01/25/2028 70,837 71,552
WYNDHAM WORLDWIDE CORP DTD 09/15/15 6.600 10/01/2025 4,502 4,004
YUM BRANDS INC DTD 04/01/22 5.375 04/01/2032 3,750 3,930
YUM BRANDS INC DTD 04/01/21 4.625 01/31/2032 4,040 3,740
ALGONQUIN PWR & UTILITY PFD SER 19-A 1,053 917
ARCH CAPITAL GROUP LTD 4.550% PFD SER G 1,630 1,732
ARCH CAPITAL GROUP LTD 5.450% PFD SER F 2,913 2,668
RENAISSANCERE HOLDINGS L 4.200% PFD SER G 1,141 775
RENAISSANCERE HOLDINGS L 5.750% PFD SER F 1,956 1,744
AFFILIATED MANAGERS GROU PFD 1,050 856
AFFILIATED MANAGERS GROU 4.750% PFD 1,676 1,649
ALLSTATE CORP 4.750% PFD SER I 2,163 1,688
ALLSTATE CORP 5.100% PFD SER H 3,349 2,779
ALLSTATE CORP 7.375% PFD SER J 3,803 4,077
AMERICAN FINANCIAL GROUP PFD 1,037 911
AMERICAN FINANCIAL GROUP PFD 2,151 1,799
AMERICAN FINANCIAL GROUP 4.500% PFD 1,590 1,638
AMERICAN INTL GROUP 5.850 PFD 2,143 2,198
AT&T INC PFD 1,005 918
AT&T INC 4.750% PFD SER C 8,334 6,550
AT&T INC 5.000% PFD SER A 2,838 2,519
AT&T INC 5.350% PFD 956 844
BANK OF AMERICA CORP 4.125% PFD SER PP 3,266 2,429
BANK OF AMERICA CORP 4.250% PFD SER QQ 2,732 3,019
BANK OF AMERICA CORP 4.375% PFD SER NN 2,125 1,652
BANK OF AMERICA CORP 4.750% PFD SER SS 2,271 2,101
BANK OF AMERICA CORP 5.000% PFD SER LL 4,232 3,445
BANK OF AMERICA CORP 5.375% PFD SER KK 1,721 1,588
BERKLEY (WR) CORPORATION PFD 1,053 942
BERKLEY (WR) CORPORATION 4.125% PFD 2,891 3,410
BERKLEY (WR) CORPORATION 4.250% PFD 1,028 897
CAPITAL ONE FINANCIAL CO 4.250% PFD SER N 1,974 1,975
CAPITAL ONE FINANCIAL CO 4.800% PFD SER J 3,138 2,205
CAPITAL ONE FINANCIAL CO 5.000% PFD SER I 4,074 2,934
CHARLES SCHWAB CORP 4.450% PFD SER J 3,532 3,067
CHARLES SCHWAB CORP 5.950% PFD SER D 1,754 1,732
CITIGROUP INC 7.125% PFD SER J 2,466 2,230
CITIZENS FINANCIAL GROUP 5.000% PFD SER E 3,807 2,901
CMS ENERGY CORP PFD CUSIP: 125896860 1,979 1,841
CMS ENERGY CORP PFD CUSIP: 125896845 2,066 2,073
DTE ENERGY CO 4.375% PFD CUSIP: 233331818 2,385 2,241
DTE ENERGY CO 5.250% PFD SER E 967 905
DUKE ENERGY CORP PFD CUSIP: 26441C402 993 869
ENTERGY ARKANSAS LLC PFD 1,795 1,578
ENTERGY LOUISIANA LLC 4.875% PFD 775 744
EQUITABLE HOLDINGS INC 4.300% PFD SER C 2,197 2,020
FIFTH THIRD BANCORP 4.950% PFD SER K 2,187 1,840
FIRST HORIZON CORP 4.700% PFD SER F 1,148 792
GEORGIA POWER CO 5.000% PFD SER 2017 1,987 1,636
GLOBE LIFE INC 4.250% PFD 1,117 837
GOLDMAN SACHS GROUP INC 6.375% PFD SER K 3,793 3,386
HARTFORD FINL SVCS GRP 6.000% PFD SER G 1,006 900
HUNTINGTON BANCSHARES 4.500% PFD SER H 2,635 2,240
HUNTINGTON BANCSHARES 6.875% PFD SER J 6,227 6,044
JPMORGAN CHASE & CO 4.200% PFD SER MM 1,103 836
JPMORGAN CHASE & CO 4.550% PFD SER JJ 4,367 3,547
JPMORGAN CHASE & CO 4.750% PFD SER GG 2,783 2,482
JPMORGAN CHASE & CO 5.750% PFD SER DD 1,556 1,650
JPMORGAN CHASE & CO 6.000% PFD SER EE 1,984 1,822
KEYCORP 5.625 PFD SER G 1,103 801
KEYCORP 6.125% PFD SER E 5,434 3,945
KEYCORP 6.200% PFD 3,105 2,961
M&T BANK CORPORATION 5.625% PFD SER H 928 923
METLIFE INC 4.750% PFD SER F 4,284 3,346
MORGAN STANLEY CUSIP: 61747S504 1,544 1,355
MORGAN STANLEY SER E 5,952 5,169
MORGAN STANLEY 4.250% PFD SER O 1,879 1,754
MORGAN STANLEY 4.875% PFD SER L 1,056 902
MORGAN STANLEY 5.850% PFD SER K 3,529 2,979
MORGAN STANLEY 6.500% PFD SER P 1,012 1,021
MORGAN STANLEY 6.875% PFD 2,053 1,826
NEXTERA ENERGY CAPITAL PFD SER N 6,428 5,534
NORTHERN TRUST CORP 4.700% PFD SER E 2,978 2,817
NY COMMUNITY BANCORP INC 6.375% PFD SER A 4,535 3,608
PRUDENTIAL FINANCIAL INC PFD 1,012 924
PRUDENTIAL FINANCIAL INC 4.125% PFD 2,071 1,586
PRUDENTIAL FINANCIAL INC 5.950% PFD 2,086 2,084
PUBLIC STORAGE 5.150% PFD SER F 1,981 1,802
REGIONS FINANCIAL CORP 4.450% PFD SER E 2,175 1,522
REGIONS FINANCIAL CORP 5.700% PFD SER C 983 767
REGIONS FINANCIAL CORP 6.375% PFD SER B 3,070 2,511
REINSURANCE GRP OF AMER 7.125% PFD 2,006 2,034
SOUTHERN CO PFD 1,164 1,054
SOUTHERN CO PFD SER 2020 2,133 2,158
STATE STREET CORP 5.350% PFD SER G 1,799 1,636
STATE STREET CORP 5.900 PFD SER D 2,578 2,278
STIFEL FINANCIAL CORP 4.500% PFD SER D 1,390 1,477
STIFEL FINANCIAL CORP 5.200% PFD 928 740
STIFEL FINANCIAL CORP 6.125% PFD SER C 2,138 1,985
TRUIST FINANCIAL CORP 4.750% PFD SER R 5,145 5,090
TRUIST FINANCIAL CORP 5.250% PFD 3,279 2,957
US BANCORP SER B 564 487
US BANCORP 3.750% PFD SER L 2,124 1,459
US BANCORP 4.000% PFD SER M 4,429 3,119
US BANCORP 4.500% PFD SER O 5,543 4,531
US BANCORP 5.500% PFD SER K 1,637 1,601
VOYA FINANCIAL INC 5.350% PFD SER B 990 860
WEBSTER FINANCIAL CORP 5.250% PFD SER F 956 689
PRINCIPAL FUNDS INC - CAPITAL SECURITIES FUND CLASS #4325 208,894 178,381
DIGITAL REALTY TRUST INC 5.200% PFD SER L 2,788 2,562
KIMCO REALTY CORP 5.125% PFD SER L 973 866
KIMCO REALTY CORP 5.250% PFD SER M 900 796
PUBLIC STORAGE 4.000% PFD SER P 1,672 1,626
PUBLIC STORAGE 4.000% PFD SER R 2,039 1,670
PUBLIC STORAGE 4.625% PFD 2,426 2,053
PUBLIC STORAGE 4.750% PFD SER K 1,082 862
PUBLIC STORAGE 4.875% PFD SER I 2,081 1,746
PUBLIC STORAGE 5.050% PFD SER G 2,134 2,018
PUBLIC STORAGE 5.600% PFD SER H 993 908
GOLDMAN SACHS GROUP INC/THE MAT 08JUL24 RATE 3.85% 167,539 166,524
MORGAN STANLEY MAT 23OCT24 RATE 3.7% 163,529 159,008
EXELON CORP SR GLBL NT MAT 15JUN25 RATE 3.95% 113,874 108,295
GENERAL MOTORS FINANCIAL CO IN MAT 08JAN26 RATE 1.25% 99,172 93,147
SIMON PROPERTY GROUP LP MAT 01DEC27 RATE 3.375% 57,937 52,610
CVS HEALTH CORP MAT 25MAR28 RATE 4.3% 59,880 54,749
DUKE ENERGY CORP MAT 01JUN30 RATE 2.45% 67,225 61,247
REGENERON PHARMACEUTICALS INC MAT 15SEP30 RATE 1.75% 62,586 53,857
SCHWAB CHARLES CORP SR GLBL NT MAT 01DEC31 RATE 1.95% 116,310 120,646
DOMINION ENERGY INC SR GLBL A NT 32 MAT 15AUG32 RATE 4.35% 96,210 103,220
INTEL CORP MAT 10FEB33 RATE 5.2% 124,253 133,234
SIMON PROPERTY GROUP LP MAT 08MAR33 RATE 5.5% 97,185 105,208
DEUTSCHE BANK AG/NEW YORK MAT 28MAY24 RATE .898% 175,000 172,007
HSBC HOLDINGS PLC MAT 12SEP26 RATE 4.292% 201,750 198,361
AERCAP IRELAND CAPITAL LIMITED MAT 15OCT27 RATE 4.625% 151,911 148,426
TENCENT HLDGS LTD FR MAT 11APR29 RATE 3.975% 191,771 192,136
ADVANCE AUTO PTS INC NT SER B 5.950% 03/09/28 B/E DTD 03/09/23 3,783 3,982
AECOM GTD FXD RT SR NT 5.125% 03/15/27 B/E DTD 02/21/17 3,206 2,978
ALUMINUM CO AMER NTS 6.750% 01/15/28 B/E DTD 01/27/98 3,376 3,160
ASBURY AUTOMOTIVE GROUP INC SR NT 4.750% 03/01/30 B/E DTD 09/01/20 4,139 3,736
BALL CORP FXD RT SR NT 4.875% 03/15/26 B/E DTD 03/09/18 2,973 2,989
BALL CORP SR NT 6.875% 03/15/28 B/E DTD 11/25/22 2,014 2,079
BALL CORP SR NT 6.000% 06/15/29 B/E DTD 05/11/23 4,027 4,085
BOYD GAMING CORP SR NT 4.750% 12/01/27 B/E DTD 06/01/20 4,070 3,848
CALLON PETE CO DEL GTD FXD RT SR NT 6.375% 07/01/26 B/E DTD 06/07/18 3,900 3,981
CARPENTER TECHNOLOGY CORP SR NT 6.375% 07/15/28 B/E DTD 07/24/20 4,247 4,017
CARPENTER TECHNOLOGY CORP SR NT 7.625% 03/15/30 B/E DTD 03/16/22 2,985 3,090
CCO HLDGS LLC / CCO HLDGS CAP CORP SR NT 4.500% 05/01/32 B/E DTD 05/01/21 3,760 3,424
CDW CORP GTD FXD RT SR NT 5.500% 12/01/24 B/E DTD 12/01/14 3,087 2,991
CEDAR FAIR LP / CANADAS WONDERLAND CO / MAGNUM MGMT CORP / MILLENNIUM 5.375 4,076 3,914
CENTENE CORP DEL SR NT 4.250% 12/15/27 B/E DTD 12/06/19 3,957 3,856
CENTURY CMNTYS INC SR NT 6.750% 06/01/27 B/E DTD 12/01/19 3,131 3,036
CHARTER COMMUNICATIONS OPER LLC 5.375% 05/01/47 B/E DTD 11/01/17 1,571 1,705
CHARTER COMMUNICATIONS OPER LLC 5.750% 04/01/48 B/E DTD 04/17/18 2,801 2,672
CHEMOURS CO GTD FXD RT SR NT 5.375% 05/15/27 B/E DTD 05/23/17 4,133 3,908
CLEVELAND-CLIFFS INC NEW SR GTD NT 5.875% 06/01/27 B/E DTD 12/01/19 3,084 2,990
CNF INC SR DEB - 6.700% 05/01/34 B/E DTD 04/30/04 3,948 4,091
COMMERCIAL METALS CO SR NT 3.875% 02/15/31 B/E DTD 02/02/21 3,805 3,540
CREDIT ACCEP CORP MICH SR NT 6.625% 03/15/26 B/E DTD 03/15/20 3,086 2,994
CRESTWOOD MIDSTREAM PARTNERS LP / CRESTWOOD MIDSTREAM FIN C CORP GTD FXD 5.7 3,940 4,002
CROWDSTRIKE HOLDINGS INC 3.000% 02/15/29 B/E DTD 01/20/21 4,693 4,521
CROWN AMERS LLC / CROWN AMERS CAP CORP V GTD FXD RT SR NT 4.250% 09/30/26 B/ 3,714 3,880
CROWN AMERS LLC SR NT 5.250% 04/01/30 B/E DTD 10/01/22 3,810 3,939
CROWN CORK & SEAL INC DEB 7.375% 12/15/26 B/E DTD 12/17/96 3,403 3,150
DCP MIDSTREAM OPER LP GTD FXD RT SR NT 5.375% 07/15/25 B/E DTD 07/17/18 3,108 3,002
DELTA AIR LINES INC DEL NT 7.375% 01/15/26 B/E DTD 06/12/20 3,254 3,101
DELTA AIR LINES INC DEL NT 2.2.900% 10/28/24 B/E DTD 10/28/19 1,933 1,947
ENCOMPASS HEALTH CORP SR NT 4.500% 02/01/28 B/E DTD 09/18/19 4,081 3,828
ENCOMPASS HEALTH CORP SR NT 4.750% 02/01/30 B/E DTD 09/18/19 4,130 3,769
ENLINK MIDSTREAM PARTNERS LP FXD RT SR NT 4.850% 07/15/26 B/E DTD 07/14/16 3,895 3,919
EQM MIDSTREAM PARTNERS LP FXD RT SR NT 5.500% 07/15/28 B/E DTD 06/25/18 4,155 3,963
EQM MIDSTREAM PARTNERS LP FXD RT SR NT 6.500% 07/15/48 B/E DTD 06/25/18 3,610 4,089
FIRSTENERGY CORP FXD RT NTS SER B 4.150% 07/15/27 B/E DTD 06/21/17 4,000 3,848
FLUOR CORP NEW FXD RT SR NT 4.250% 09/15/28 B/E DTD 08/29/18 4,053 3,815
FORD MTR CO DEL NT 9.625% 04/22/30 B/E DTD 04/22/20 5,147 4,719
FORD MTR CO DEL FXD RT SR NT 4.346% 12/08/26 B/E DTD 12/08/16 3,860 3,900
GENERAL MTRS FINL CO INC SR NT 5.400% 04/06/26 B/E DTD 04/06/23 4,005 4,027
GRIFFON CORP SR NT 5.750% 03/01/28 B/E DTD 02/19/20 4,118 3,930
H B FULLER CO NT 4.250% 10/15/28 B/E DTD 10/20/20 4,055 3,740
HCA INC GTD FXD RT SR NT 5.375% 02/01/25 B/E DTD 01/16/15 3,104 2,996
HILLENBRAND INC SR NT 3.750% 03/01/31 B/E DTD 03/03/21 3,950 3,453
HILTON DOMESTIC OPER CO INC SR NT 4.875% 01/15/30 B/E DTD 06/20/19 4,187 3,878
HILTON WORLDWIDE FIN LLC / HILTON WORLDWIDE FIN CORP GTD FXD RT SR NT 4.875% 6,881 6,895
HOWMET AEROSPACE INC NT 5.900% 02/01/27 B/E DTD 01/25/07 4,064 4,104
L BRANDS INC GTD FXD RT SR NT 6.750% 07/01/36 B/E DTD 06/16/16 4,704 4,031
L BRANDS INC FXD RT SR NT 5.250% 02/01/28 B/E DTD 01/23/18 3,850 3,957
LAMAR MEDIA CORP SR NT 4.875% 01/15/29 B/E DTD 09/15/20 4,137 3,869
LAMAR MEDIA CORP SR NT 3.750% 02/15/28 B/E DTD 07/15/20 3,581 3,759
LAREDO PETE INC NEW SR NT 10.125% 01/15/28 B/E DTD 01/24/20 3,043 3,083
MACY'S RETAIL HLDGS INC GTD FXD RT SR NT 4.500% 12/15/34 B/E DTD 11/18/14 2,198 2,430
MERITAGE HOMES CORP GTD SR NT 6.000% 06/01/25 B/E DTD 06/02/15 2,012 1,995
MGIC INVT CORP WIS SR NT 5.250% 08/15/28 B/E DTD 08/12/20 4,128 3,894
MGM RESORTS INTL FXD RT SR NT 5.750% 06/15/25 B/E DTD 06/18/18 3,113 2,989
MGM RESORTS INTL SR NT 5.500% 04/15/27 B/E DTD 04/10/19 3,159 2,976
MURPHY OIL CORP NT 5.875% 12/01/27 B/E DTD 11/27/19 3,950 3,981
NRG ENERGY INC FXD RT SR NT 5.750% 01/15/28 B/E DTD 07/15/18 3,845 3,985
OLIN CORP SR NT 5.625% 08/01/29 B/E DTD 07/16/19 3,238 2,952
ONEMAIN FIN CORP 9.000% 01/15/29 B/E DTD 06/22/23 2,999 3,173
PACIFIC GAS & ELEC CO SR 1ST MTG BD 5.450% 06/15/27 B/E DTD 06/08/22 3,995 4,033
PACIFIC GAS & ELEC CO 1ST MTG BD 4.950% 07/01/50 B/E DTD 07/01/20 3,256 3,428
PATTERSON-UTI ENERGY INC GTD FXD RT SR NT 3.950% 02/01/28 B/E DTD 08/01/18 3,973 3,729
PBF HLDG CO LLC / PBF FIN CORP SR NT 6.000% 02/15/28 B/E DTD 08/15/20 3,765 3,884
PDC ENERGY INC FXD RT SR NT 5.750% 05/15/26 B/E DTD 05/15/18 3,060 2,995
PENSKE AUTOMOTIVE GROUP INC SR SUB NT 3.500% 09/01/25 B/E DTD 08/20/20 4,042 3,881
PG&E CORP SR SECD NT 5.250% 07/01/30 B/E DTD 06/23/20 4,202 3,861
PILGRIMS PRIDE CORP NEW 6.250% 07/01/33 B/E DTD 04/19/23 3,861 4,116
QVC INC GTD SR SECD NT 5.450% 08/15/34 B/E DTD 08/21/14 5,109 3,030
RADIAN GROUP INC 6.625% 03/15/25 B/E DTD 05/15/20 3,128 3,012
RANGE RES CORP GTD FXD RT SR NT 4.875% 05/15/25 B/E DTD 11/15/15 3,064 2,963
RHP HOTEL PPTYS LP & RHP FIN CORP SR NT 4.750% 10/15/27 B/E DTD 04/15/20 4,083 3,864
ROYAL CARIBBEAN CRUISES LTD 3.700% 03/15/28 B/E DTD11/28/17 3,648 3,687
SBA COMMUNICATIONS CORP NEW SR NT 3.875% 02/15/27 B/E DTD 08/15/20 4,059 3,842
SBA COMMUNICATIONS CORP NEW SR NT 3.125% 02/01/29 B/E DTD 08/01/21 3,640 3,595
SEAGATE HDD CAYMAN 5.750% 12/01/34 REG DTD 12/01/15 3,344 2,880
SEAGATE HDD CAYMAN D06/01/16 4.875% 06/01/27 B/E DTD 06/01/16 3,855 3,924
SERVICE CORP INTL SR NT 5.125% 06/01/29 B/E DTD 05/21/19 3,194 2,940
SM ENERGYCO FXD RT SR NTS 6.625% 01/15/27 B/E DTD 08/20/18 3,040 2,979
SOUTHWESTERN ENERGY CO GTD SR NT 5.375% 02/01/29 B/E DTD 08/01/21 4,106 3,904
SPIRIT AEROSYSTEMS INC GTD FXD RT SR NT 3.850% 06/15/26 B/E DTD 06/01/16 4,076 3,844
SPRINT CAP CORP NT 6.875% 11/15/28 B/E DTD 11/16/98 3,171 3,249
SPRINT CORP GTD FIXED RATE NT 7.125% 06/15/24 B/E DTD 06/15/14 3,070 3,013
SPRINT CORP GTD FXD RT SR NOTE 7.625% 03/01/26 B/E DTD 02/22/18 4,423 4,177
TALOS PRODTN INC 2ND PRIORITY SR SECD NT 12.000% 01/15/26 B/E DTD 01/04/21 3,136 3,086
TEGNA INC SR NT 5.000% 09/15/29 B/E DTD 09/15/20 3,530 3,665
TELEFLEX INC FXD RT SR NT 4.625% 11/15/27 B/E DTD 11/20/17 3,121 2,930
TENET HEALTHCARE CORP SR SECD 1ST LIEN NT 4.875% 01/01/26 B/E DTD 01/01/23 3,910 3,956
TENET HEALTHCARE CORP SR SECD 1ST LIEN NT 6.125% 06/15/30 B/E DTD 06/15/23 3,750 4,043
TENET HEALTHCARE CORP SR NT 6.125% 10/01/28 B/E DTD 10/01/22 3,718 3,989
TRANSDIGM INC SR SUB NT 5.500% 11/15/27 B/E DTD 05/15/20 4,090 3,918
TRANSDIGM INC SR SUB NT 7.500% 03/15/27 B/E DTD 09/15/19 3,131 3,013
UNITED RENTALS NORTH AMER INC SR NT 5.250% 01/15/30 REG DTD 05/10/19 3,700 3,946
UNITED RENTALS NORTH AMER INC SR NT 4.000% 07/15/30 B/E DTD 02/25/20 4,066 3,685
USA COMPRESSION PARTNERS LP / USA COMPRESSION FIN CORP SR NT 6.875% 09/01/27 3,940 3,953
WALGREENS BOOTS ALLIANCE INC GTD FXD RT NT 3.800% 11/18/24 1,965 1,964
WESTERN DIGITAL CORP FXD RT SR NT 4.750% 02/15/26 B/E DTD 02/13/18 3,818 3,926
WEYERHAEUSER REAL ESTATE CO GTD FIXED RATE SR NT 5.875% 06/15/24 B/E DTD 06/ 3,048 3,000
WYNDHAM DESTINATIONS INC SR NT 6.600% 10/01/25 B/E DTD 09/15/15 3,164 3,003
YUM BRANDS INC SR NT 4.625% 01/31/32 B/E DTD 04/01/21 4,128 3,742
YUM BRANDS INC SR NT 5.375% 04/01/32 B/E DTD 04/01/22 3,750 3,931
WYETH LLC 6.45% 02/01/2024 DTD 12/16/2003 17,089 17,006
GEN MOTORS FINL CO SR NTS 1.05% 03/08/2024 DTD 04/09/2021 15,296 15,856
VALERO ENERGY CORP SR NTS 1.2% 03/15/2024 DTD 09/10/2020 19,006 18,812
STRYKER CORP SR NTS 3.375% 05/15/2024 DTD 05/01/2014 16,149 15,866
ENTERGY AR LLC 3.7% 06/01/2024 DTD 03/14/2014 17,202 16,860
CIGNA GROUP 3.5% 06/15/2024 DTD 07/13/2020 17,207 16,832
HCA INC 5.25% 04/15/2025 DTD 10/17/2014 13,652 12,985
PHILIP MORRIS INTL INC SR NTS 1.5% 05/01/2025 DTD 05/01/2020 8,062 7,643
ALTRIA GROUP INC 2.35% 05/06/2025 DTD 05/06/2020 10,292 10,608
MORGAN STANLEY SR NTS MTN 4.0% 07/23/2025 DTD 07/23/2015 16,684 15,769
OCCIDENTAL PETRLM COR SR NTS 5.5% 12/01/2025 DTD 12/22/2020 7,913 7,998
AON PGLOBAL LTD 3.875% 12/15/2025 DTD 03/01/2016 16,768 15,673
TYSON FOODS INC SR NTS 4.0% 03/01/2026 DTD 02/19/2019 16,851 15,689
ORACLE CORP SR NTS 1.65% 03/25/2026 DTD 03/24/2021 19,090 17,725
PROLOGIS LP SR NTS 3.25% 06/30/2026 DTD 10/06/2022 15,080 15,464
SABINE PASS LIQUEFACTION SR NTS 5.875% 06/30/2026 DTD 05/10/2017 16,336 15,270
S WESTN ELEC PWR SR NTS 2.75% 10/01/2026 DTD 09/29/2016 14,441 13,166
ECOLAB INC SR NTS 2.7% 11/01/2026 DTD 10/18/2016 17,633 16,269
BROADCOM CRP / CAYMN FI 3.875% 01/15/2027 DTD 02/14/2018 16,812 15,614
COMCAST CORP 3.3% 04/01/2027 DTD 03/27/2020 16,874 15,427
BK OF AMER CORP SR NTS VAR RT 07/22/2027 DTD 04/22/2021 8,946 9,162
VMWARE LLC SR NTS 3.9% 08/21/2027 DTD 08/21/2017 17,030 15,521
EATON CORP 3.103% 09/15/2027 DTD 09/15/2017 16,797 15,320
PACKAGING CORP OF AMERIC SR NTS 3.4% 12/15/2027 DTD 12/13/2017 16,948 15,232
CVS HEALTH CORP 4.300% 03/25/2028 DTD 03/09/2018 17,423 16,712
GEN DYNAMICS CORP 3.75% 05/15/2028 DTD 05/11/2018 17,266 15,707
GOLDMAN SACHS GROUP INC SR NTS VAR RT 06/05/2028 DTD 06/05/2017 18,076 16,242
L3HARRIS TECH INC SR NTS 4.4% 06/15/2028 DTD 05/01/2020 17,463 15,815
NORFOLK SOUTHN CORP SR NTS 3.8% 08/01/2028 DTD 08/02/2018 18,735 17,525
CONSTELLATION BRANDS INC 4.65% 11/15/2028 DTD 10/29/2018 17,742 16,023
SPRINT CAP CORP 6.875% 11/15/2028 DTD 11/16/1998 9,369 9,752
WELLS FARGO & CO SR NTS MTN 4.15% 01/24/2029 DTD 01/24/2019 17,452 15,552
CAMDEN PPTY TR SR NTS 3.15% 07/01/2029 DTD 06/17/2019 17,781 15,661
BK OF AMER CORP SR NTS MTN VAR RT 07/23/2029 DTD 07/23/2018 17,547 15,448
PAYPAL HOLDINGS INC SR NTS 2.85% 10/01/2029 DTD 09/26/2019 11,457 10,062
THERMO FISHER SCIENTIFIC SR NTS 2.6% 10/01/2029 DTD 10/08/2019 7,293 7,286
CROWN CASTLE INC SR NTS 3.1% 11/15/2029 DTD 08/15/2019 17,595 15,210
PNC FINL SERVICES SR NTS 2.55% 01/22/2030 DTD 01/22/2020 18,307 15,746
VULCAN MATERIALS CO SR NTS 3.5% 06/01/2030 DTD 05/18/2020 16,993 14,882
LINDE INC/CT 1.1% 08/10/2030 DTD 08/10/2020 12,081 10,760
ALLSTATE CORP SR NTS 1.45% 12/15/2030 DTD 11/24/2020 17,913 15,348
REP SERVICES INC SR NTS 1.45% 02/15/2031 DTD 08/20/2020 19,309 17,035
FDLTY NATL INFO SERV SR NTS 2.25% 03/01/2031 DTD 03/02/2021 17,929 15,206
LOWE'S COS INC SR NTS 2.625% 04/01/2031 DTD 03/31/2021 18,206 15,751
VERISIGN INC SR NTS 2.7% 06/15/2031 DTD 06/08/2021 7,589 7,714
BLACKROCK INC SR NTS 2.1% 02/25/2032 DTD 12/10/2021 8,840 8,350
MONDELEZ INTL SR NTS 3.0% 03/17/2032 DTD 03/17/2022 11,349 11,538
TAKE-TWO INTERACTIVE SOF SR NTS 4.0% 04/14/2032 DTD 04/14/2022 15,475 16,143
CLOROX CO SR NTS 4.6% 05/01/2032 DTD 05/11/2022 15,107 15,949
META PLATFORMS INC SR NTS 3.85% 08/15/2032 DTD 12/28/2022 13,759 14,267
CHURCH & DWIGHT CO INCSR NTS 5.6% 11/15/2032 DTD 11/02/2022 14,485 15,002
MORGAN STANLEY SR NTS MTN VAR RT 01/21/2033 DTD 01/24/2022 5,859 5,955
UNITEDHEALTH GROUP INC SR NTS 4.5% 04/15/2033 DTD 03/28/2023 12,691 12,917
ST STR CORP SR NTS VAR RT 08/04/2033 DTD 08/04/2022 7,501 7,542
TORONTO-DOMINION BK SR NTS MTN 4.456% 06/08/2032 DTD 06/08/2022 9,863 9,716
BLCKRCK HI YLD BND PORT-K 263,327 272,131
PIMCO INCOME FUND-INS 147,234 132,189
VANGUARD TOTAL BOND MARKET 5,650,738 5,060,608
VANGUARD MORTGAGE-BACKED SEC 1,535,633 1,376,058
VANGUARD INT-TERM CORPORATE 692,690 711,688

TY 2023 InvestmentsCorpStockSchedule
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Name of Stock End of Year Book Value End of Year Fair Market Value
ACUSHNET HOLDINGS CORP 23,247 34,364
BRIGHT HORIZONS FAMILY SOLUTIO 35,485 27,047
CHOICE HOTELS INTL INC COM 28,224 24,926
DOLLAR GENERAL CORP 72,546 57,915
LCI INDUSTRIES 18,126 17,222
LOWES COS INC 58,688 74,332
NIKE INC CL B 50,271 54,394
POOL CORPORATION COM 57,923 55,421
ROSS STORES INC 73,462 84,833
SERVICE CORP INTL 38,239 38,127
THOR INDS INC 46,487 46,945
WALT DISNEY CO 54,511 45,506
COCA COLA CO 39,434 46,319
CONAGRA BRANDS INC 42,034 33,504
CVS HEALTH CORPORATION 52,701 56,693
MONDELEZ INTERNATIONAL INC 49,444 59,175
PHILIP MORRIS INTERNATIONAL IN 37,023 40,266
SYSCO CORP 68,936 63,842
CHEVRON CORP 30,678 46,240
ARTISAN PARTNERS ASSET MANAGEM 17,633 19,881
BANCFIRST CORP 12,235 14,405
BERKLEY W R CORP 30,940 39,815
CLEARWATER ANALYTICS HLDGS INC 14,801 13,981
EQUIFAX INC 39,395 42,039
FIRST HAWAIIAN INC 26,210 20,757
INTERACTIVE BROKERS GROUP INC 23,964 28,932
LPL FINANCIAL HOLDINGS INC 29,351 41,199
MARSH & MCLENNAN COS INC 29,996 49,831
MOELIS & CO 20,388 25,090
PRIMERICA INC 27,665 37,860
RLI CORP COM 12,615 15,043
STATE STREET CORP 49,928 48,645
US BANCORP 57,094 49,166
ABBOTT LABS 28,183 31,920
AMGEN INC 40,879 50,404
ATRION CORP COM 7,348 4,167
CENCORA INC 37,618 70,445
CHARLES RIVER LABORATORIES 54,088 40,897
CHEMED CORP NEW COM 25,952 31,577
COOPER COS INC COM NEW 51,455 51,089
CORVEL CORP 24,030 32,137
JOHNSON & JOHNSON 55,349 53,919
THERMO FISHER SCIENTIFIC INC 51,010 57,856
UNITEDHEALTH GROUP INC 41,707 65,809
ASPEN TECHNOLOGY INC 11,509 13,869
ASPEN TECHNOLOGY INC 34,188 38,526
DONALDSON CO INC 7,604 8,299
EMCOR GROUP INC COM 26,971 51,272
EXPONENT INC 34,985 31,782
FTI CONSULTING INC COM 30,878 46,004
GRACO INC 22,265 27,503
GRAINGER W W INC 30,470 66,295
K.FORCE, INC. 9,435 10,337
KADANT INC 20,684 25,228
LANDSTAR SYS INC COM 25,258 28,660
LENNOX INTERNATIONAL INC 34,870 50,570
NORDSON CORP 39,860 48,341
RBC BEARINGS INC 17,782 25,640
ROLLINS INC 30,617 37,294
SAIA INC 20,992 33,743
SIMPSON MFG INC COM 30,512 59,790
SITEONE LANDSCAPE SUPPLY INC 35,498 32,663
TELEDYNE TECHNOLOGIES INC 35,359 33,918
TORO CO 30,611 30,237
UFP INDUSTRIES INC 21,591 27,495
UNITED PARCEL SERVICE-CL B 61,436 48,584
WATSCO INC CL A 29,092 44,132
WATTS WATER TECHNOLOGIES INC 16,971 29,168
ANSYS INC 36,698 46,812
BENTLEY SYSTEMS INC 51,159 56,511
DOLBY LABORATORIES INC 31,791 35,937
FACTSET RESH SYS INC COM 14,472 21,944
FAIR ISSAC, INC 13,246 31,428
GLOBAL PMTS INC W/I 74,916 48,387
HENRY JACK & ASSOC INC COM 8,922 9,805
HENRY JACK & ASSOC INC COM 38,243 36,767
MANHATTAN ASSOCIATES, INC COM 21,495 38,112
MICROCHIP TECHNOLOGY INC COM 61,285 74,940
TERADYNE INC 44,980 39,935
ZEBRA TECHNOLOGIES CORP CL A 59,721 34,986
THE SCOTTS MIRACLE-GRO COMPANY CL A 66,905 22,185
ZURN ELKAY WATER SOLUTIONS COR 31,965 34,410
ADIDAS-AG 16,423 17,890
AIA GROUP LTD-SP 11,682 8,321
AIR LIQUIDE - ADR SPONSORED ADR 13,681 17,060
ALLEGION PUBLIC LIMITED COMPANY 33,911 33,826
AMADEUS IT GROUP, S.A. 24,809 24,003
BAYER AG - ADR SPONSORED ADR 20,755 14,343
BNP PARIBAS - ADR 24,195 27,375
BRITISH AMERICAN TOBACCO PLC - ADR 11,885 10,867
CLP HOLDINGS LIMITED - ADR SPONSORED ADR 6,605 7,365
COMPAGNIE FINANCIERE RICHEMONT SA 9,709 8,513
CSL LIMITED 10,970 12,049
DAIKIN INDUSTRIES LTD. 22,718 17,722
DIAGEO PLC - ADR 21,685 19,518
ENI SPA - ADR 16,784 20,066
FUJITSU LIMITED - ADR SPONSORED ADR 17,343 18,619
GLENCORE PLC 15,285 15,838
HDFC BANK LTD. - ADR 25,469 26,307
HEINEKEN N V 12,608 13,306
HITACHI LIMITED - ADR SPONSORED ADR 25,941 29,492
IBERDROLA S.A. 6,145 6,510
INTERCONTINENTAL HOTELS GROUP PLC 9,443 11,853
KDDI CORPORATION 16,744 16,207
KUBOTA LIMITED - ADR SPONSORED ADR 12,951 12,954
KYOCERA CORPORATION - ADR SPONSORED ADR 4,256 4,391
LLOYDS BANKING GROUP PLC 3,811 3,855
LONDON STOCK EXCHCHANGE GROUP PLC 19,031 20,593
LVMH MOET HENNIESSY UNSP ADR - ADR SPONSORED ADR 24,951 22,256
MEDTRONIC, PLC 62,926 48,769
MICHELIN (CGDE) ADR 5,341 6,358
MITSUBISHI UFJ FINL GROUP INC 20,962 25,813
NATWEST GROUP PLC 12,718 10,691
NESTLE S.A. REGISTERED SHARES - ADR SPONSORED ADR 26,668 26,132
NEW LINDE PLC 22,634 25,053
NINTENDO CO., LTD - ADR SPONSORED ADR 5,696 6,755
NOVO NORDISK A/S - ADR SPONSORED ADR 12,033 25,449
PERRIGO CO PLC 39,039 29,380
QIAGEN N.V. 6,319 5,950
RIGHTMOVE PLC 22,750 21,412
RIO TINTO PLC - ADR SPONSORED ADR 4,068 4,617
ROCHE HOLDINGS LTD - ADR 27,964 24,600
RYANAIR HOLDINGS PLC 6,640 8,268
SANOFI-AVENTIS 21,648 21,235
SCHNEIDER ELECTRIC SE. 23,889 30,897
SEVEN & I HOLDINGS CO., LTD 9,170 8,333
SMC CORPORATION 3,653 3,284
SOFTBANK GROUP CORP 7,512 7,245
SYMRISE AG 16,414 18,459
TAIWAN SEMICONDUCTOR MANUFACTU - ADR SPONSORED ADR 24,952 23,504
TECHTRONIC INDUSTRIES COMPANY - ADR SPONSORED ADR 9,235 11,037
TENARIS S.A. - ADR SPONSORED ADR 5,038 6,222
TOTALENERGIES SE 21,631 24,055
TOYOTA MOTOR CORPORATION - ADR SPONSORED ADR 4,061 4,585
UBS GROUP AG 20,885 31,827
WOODSIDE ENERGY GROUP LTD 9,203 8,963
ZURICH INSURANCE GROUP 25,208 28,077
EDGEWOOD GROWTH INSTL #2131 1,890,000 1,634,601
ISHARES CORE S & P 500 ETF 2,799,005 3,273,676
ISHARES RUSSELL MID-CAP ETF 274,117 280,139
INVESCO OPPENHEIMER DEVELOPING MARKETS FUND CLASS R6 #7038 260,000 256,870
ISHARES CORE MSCI EAFE ETF 780,087 807,759
ISHARES CORE MSCI EMERGING MARKETS ETF 332,556 266,557
PRINCIPAL SPECTRUM PREFERRED AND CAPITAL SECUTITIES INCOME FUND INST CLASS 323,602 308,902
TCW EMERGING MARKETS INCOME FUND CLASS I 412,787 345,672
FIRST TR EXCHANGE-TRADED FD II 260,341 287,236
INVESCO EXCHANGE-TRADED FD TR S&P 500 EQUAL WEIGHT ETF 481,577 513,639
SPDR SER TR S&P 600 SMALL CAP GROWTH ETF 199,962 230,819
SPDR SER TR S&P 400 MID CAP GROWTH ETF 299,902 333,705
VANGUARD BD INDEX FDS VANGUARD SHORT TERM BD ETF 147,330 148,264
VANGUARD INDEX FDS S&P 500 ETF SHS NEW 7,265,673 8,037,557
VANGUARD INDEX FDS VANGUARD EXTENDED MKT ETF 1,907,932 1,835,420
ACCENTURE PLC IRELAND SHS CL A ISIN#IE00B4BNMY34 38,569 41,758
ADVANTEST CORP SPONSORED ADR NEW 30,668 26,190
ADYEN N V ADR 64,015 47,566
AON PLC REGISTERED SHS CL A ISIN#IE00BLP1HW54 39,764 39,579
ARCH CAPITAL GROUP LTD SHS ISIN#BMG0450A1053 29,411 33,273
ASM INTERNATIONAL NV NY REGISTERED SHS 25,414 39,459
ASML HLDG NV NY REGISTRY SHS NEW 2012 49,895 52,227
ASTRAZENECA PLC SPONSORED ADR ISIN#US0463531089 34,101 34,618
ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM SER A 29,548 29,481
ATLASSIAN CORP CL A 53,580 56,135
BAE SYS PLC SPONSORED ADR ISIN#US05523R1077 37,918 42,149
CANADIAN NATURAL RES LTD ISIN#CA1363851017 24,329 25,487
CANADIAN PACIFIC KANSAS CITY LTD ISIN#CA13646K1084 64,915 69,183
COMPASS GROUP PLC SPONSORED ADR NEW JUNE 2017 26,710 26,086
EPAM SYS INC COM 36,722 21,706
EVOLUTION AB ADR ISIN#US30051E1047 41,206 37,972
EXPERIAN PLC SPON ADR 37,680 37,155
FERGUSON PLC NEW REGISTERED SHS ISIN#JE00BJVNSS43 30,354 41,703
FERRARI NV SHS ISIN#NL0011585146 40,312 60,677
ICICI BANK LTD ADR ISIN#US45104G1040 30,841 32,780
ICON PLC LTD SHS ISIN#IE0005711209 50,086 58,595
LINDE PLC NEW SHS ISIN#IE000S9YS762 26,782 33,678
LOREAL CO ADR ISIN#US5021172037 31,843 34,197
LVMH MOET HENNESSY LOUIS VUITTON ADR ISIN#US5024413065 34,318 34,439
MERCADOLIBRE INC COM 49,671 55,004
NESTLE SA SPONSORED ADR REPSTG REG SHS ISIN#US6410694060 37,444 34,689
NOVO NORDISK A.S. ADR FORMERLY NOVO INDUSTRIE A.S. ADR 37,898 72,208
SAFRAN SA ADR ISIN#US7865841024 37,082 36,187
SCHINEIDER UNSP ADR SHS UNSPONSORED AMERICAN DEPOSIT RCP 22,240 27,718
STERIS PLC REGISTERED SHS ISIN#IE00BFY8C754 35,954 35,396
THOMSON REUTERS CORP REGISTERED SHS ISIN#CA8849038085 23,485 30,270
UBS GROUP AG SHS ISIN#CH0244767585 27,017 27,254
WASTE CONNECTIONS INC COM ISIN#CA94106B1013 28,374 30,302
AIA GROUP LTD SPONSORED ADR ISIN#US0013172053 35,756 32,902
ALIBABA GROUP HLDG LTD SPONSORED ADR ISIN#US01609W1027 102,269 46,351
AMERICAN MOVIL S A B DE C V SPONSORED ADR REPSTG CL B SHS ISIN#US02390A1016 10,232 9,908
ANGLO AMERN PLC SPONSORED ADR ISIN#US03485P3001 25,503 13,478
ASE INDL HLDG CO LTD SPONSORED ADR ISIN#US00215W1009 54,121 63,301
BANCO DO BRASIL SA SPONS ADR ISIN#US0595781040 28,169 33,110
BDO UNIBANK INC SPONS ADR ISIN#US05537Y3045 29,243 26,864
BIDVEST GROUP LTD SPON ADR 2008 17,767 16,364
CAPITEC BK HLDGS LTD ADR ISIN#US14056U1079 24,406 29,504
CEMEX SA DE CV SPONSOR ADR NEW REP ORD PARTN CTF NEW 20,641 19,701
CREDI CORP LTD COM ISIN#BMG2519Y1084 16,126 15,893
CSPC PHARMACEUTICAL GROUP LTD ADR ISIN#US12591J2078 14,928 15,694
ELECTROBRAS CENTRAIS ELECTRICIAS ADR ISIN#US15234Q2075 19,016 21,783
FREEPORT-MCMORAN INC CL B 56,014 62,237
GALAXY ENTMT GROUP LTD ADR ISIN#US36318L2034 20,155 17,840
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA ADR 16,134 15,793
GROUP AEROPORTUARIO DEL PACIFIC SAB DE CV SPONSORED ADR 19,936 19,099
GRUPO FINANCIERO BANORTE SAB DE CV ADR ISIN#US40052P1075 27,492 35,599
HDFC BK LTD ADR REPSTG 3 SHS 81,919 77,445
HIMAX TECHNOLOGIES INC SPONS ADR 18,109 18,028
ICICI BK LTD ADR ISIN#US45104G1040 40,277 49,325
INDL & COMM BK CHINA ADR ISIN#US4558071076 52,497 58,184
INFO SYS LTD SPONSORED ADR REPSTG EQUITY SHS ISIN#US4567881085 53,827 57,254
ITAU UNIBANCO HLDG SA NS SPONSORED ADR REPSTG 500 PFD 19,516 25,262
JD COM INC SPONS ADR REPSTG COM CL A 17,667 15,514
KASIKORNBANK PUB CO LTD ADR ISIN#US4857851095 20,964 21,710
KB FINL GROUP INC SPONSORED ADR REPSTG 1 COM SH 45,958 47,906
KOSMOS ENERGY LTD COM 19,162 18,426
KT CORP SPON ADR 25,329 27,095
MERCADOLIBRE INC COM 34,900 44,003
NETEASE INC SPONSORED ADR ISIN#US64110W1027 17,959 16,955
PERNOD RICARD SA SPONSORED ADR ISIN#US7142643060 26,922 23,580
PERUSAHAAN PERSEROAN PERSERO PT ELEKOMUNIKASI INDONESIA ADR RPSTG 40 SER B S 15,076 14,451
PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR 27,289 31,365
PING AN INS GROUP CO CHINA LTD SPON ADR REPSTG 20 H SHS 30,981 19,411
PT ASTRA INTL TBK ADR ISIN#US69367X1090 15,856 13,586
PT BK CENT ASIA TBK ADR ISIN#US69368G1058 19,061 24,114
PT BK MANDIRI PERSERO TBK ADR ISIN#US69367U1051 26,678 26,993
SHENZHOU INTL GROUP HLDGS LTD ADR ISIN#US82322R1095 13,632 14,508
SHOPRITE HLDGS LTD SPONSORED ADR ISIN#US82510E2090 19,346 21,261
TAIWAN SEMICONDUCTOR MFG CO SPONSORED ADR ISIN#US8740391003 175,703 151,632
TECHTRONIC IND LTD SPON ADR 20,837 25,594
TENCENT HLDGS LTD ADR ISIN#US88032Q1094 128,522 97,952
TRIP COM GROUP LTD ADS ISIN#US89677Q1076 22,832 28,844
UNILEVER PLC SPON ADR NEW ISIN#US9047677045 33,762 32,191
WAL-MART DEMEXICO SA DE CV SPONSORED ADR REPSTG SER V SHS 18,005 21,194
WNS HLDGS LTD SPONS ADR ISIN#US92932M1018 28,189 27,555
WUXI BIOLOGICS CAYMAN INC ADR ISIN#US98260N1081 14,417 9,216
YUM CHINA HLDGS INC COM 49,686 36,575
ACCENTURE PLC IRELAND SHS CL A ISIN#IE00B4BNMY34 80,577 89,482
AIA GROUP LTD SPONSORED ADR ISIN#US0013172053 42,621 32,937
AKZO NOBEL NV SPONSORED ADR NEW ISIN#US0101995035 50,295 37,033
ALCON SA ACT NOM ISIN#CH0432492467 46,764 48,362
ASHTEAD GROUP PLC ADR ISIN#US0450551009 66,098 65,093
ASSA ABLOY AB ADR ISIN#US0453871073 49,284 47,583
BROOKFIELD CORP VTG SHS CL A ISIN#CA11271J1075 73,474 71,799
CAMECO CORP COM ISIN#CA13321L1085 28,890 64,176
COCA-COLA EUROPACIFIC PARTNERS PLC ISIN#GB00BDCPN049 47,193 51,457
CREDICORP LTD COM ISIN#BMG2519Y1084 36,662 46,478
DAIKIN INDS LTD ADR ISIN#US23381B1061 43,132 45,438
DBS GROUP HLDGS LTD SPONS ADR 43,565 46,681
ERSTE BK GROUP AG SPONS ADR REPSTG 1/2 SH ISIN#US2960363040 36,233 35,995
EXPERIAN PLC SPON ADR 43,763 43,673
FANUC CORPORATION ADR ISIN#US3073051027 45,558 31,557
GSK PLC SPONSORED ADR NEW 45,840 42,397
HALEON PLC ADR ISIN#US4055521003 41,659 45,709
HEINEKEN NV SPONS ADR LEVEL 1 ISIN#US4230123014 48,360 43,843
ING GROEP NV ADR 65,308 71,540
KDDI CORP ADR ISIN#US48667L1061 42,841 43,486
KUBOTA CORP ADR FORMERLY KUBOTA LTD ADR 47,214 37,215
LVMH MOET HENNESSY LOUIS VUITTON ADR ISIN#US5024413065 55,039 53,771
MAGNA INTERNATIONAL INC COM ISIN#CA5592224011 54,548 41,474
MICHELIN COMPAGNIE GENERALE DES ESTABLISHMENTS ADR ISIN#US59410T1060 52,173 47,343
MUNICH RE GROUP ADR ISIN#US6261881063 42,434 69,778
NIDEC CORP SPONS ADR 53,692 21,443
NOVARTIS AG SPONSORED ADR 33,827 39,075
OTSUKA HLDGS CO LTD ADR ISIN#US6891641010 40,764 41,138
PAN PAC INTL HLDGS CORP ADR ISIN# US69807K1051 47,991 61,059
RENTOKIL INITIAL PLC SPONS ADR ISIN#US7601251041 50,209 37,365
SAFRAN SA ADR ISIN#US7865841024 43,501 57,546
SONY GROUP CORP AMERN SH NEW ISIN#US8356993076 74,777 69,218
SYMRISE AG ADR ISIN#US87155N1090 52,135 44,044
TOTALENERGIES SE SPONS ADR ISIN#US89151E1091 35,860 49,322
UNILEVER PLC SPON ADR NEW ISIN#US9047677045 38,451 33,500
CONSUMER STAPLES SPDR 118,957 124,396
CONSUMER DISCRETIONARY SELT 271,595 295,752
ENERGY SELECT SECTOR SPDR 113,542 139,426
FIDELITY 500 INDEX FUND 2,149,142 2,529,583
FINANCIAL SELECT SECTOR SPDR 401,018 462,969
HEALTH CARE SELECT SECTOR 363,330 410,367
INDUSTRIAL SELECT SECT SPDR 120,514 154,000
VANGUARD INFO TECH ETF 633,425 849,420
VANGUARD COMMUNICATION SERVICES ETF 305,763 308,320

TY 2023 InvestmentsGovtObligationsSch
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
US Government Securities - End of Year Book Value:

10,475,218
US Government Securities - End of Year Fair Market Value:

9,845,654
State & Local Government Securities - End of Year Book Value:


84,662
State & Local Government Securities - End of Year Fair Market Value:


83,595


TY 2023 InvestmentsOtherSchedule2
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
EQT INFRASTRUCTURE V PRIVATE INVESTORS OFFSHORE SICAV-RAIF S.C.SP - CL A AT COST 185,015 203,210
VP DISLOCATION FUND II PRIVATE INVESTORS OFFSHORE LP - CL A AT COST 810,258 804,069

TY 2023 LegalFeesSchedule
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 909 0   909


TY 2023 OtherAssetsSchedule
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED DIVIDENDS 14,708 11,967 11,967
ACCRUED INTEREST & BOND PREMIUM AMORTIZATION CARRYOVER 3,091 4,216 4,216
PENDING ADJUSTMENTS TO COST BASIS -26,499 -22,913 -22,913
YE PENDING AMORTIZATION 2,473 2,200 2,200
YE PENDING SALES -721 0 0
MISCELLANEOUS DEPOSIT 20,000 0 0
MEDICARE WITHHOLDING 91 0 0


TY 2023 OtherExpensesSchedule
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MN REGISTRATION FEES 30 0   30
TRAVEL AND MEETING 1,438 0   1,438
OPERATION EXPENSES 400 0   400
BANK SERVICE CHARGES 100 0   100


TY 2023 OtherIncomeSchedule2
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PFIC INC FROM EQT INFRASTRUCTURE V PRIVATE INVESTORS OFFSHORE SICAVRAIF CL A 0 0 0
PFIC INCOME FROM VP DISLOCATION FUND II PRIVATE INVESTORS OFFSHORE LP - CL A 59,136 59,136 59,136


TY 2023 OtherProfessionalFeesSchedule
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT SERVICE CHARGES 208,496 208,496   0
PAYROLL PROCESSING EXPENSES 1,582 0   1,582


TY 2023 TaxesSchedule
Name:
HOVEIDA FAMILY FOUNDATION
EIN:
85-4041310
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES ON INVESTMENT INCOME 11,500 11,500   0
FOREIGN TAX WITHHELD ON INVESTMENT INCOME 18,829 18,829   0
PAYROLL TAXES 10,163 0   10,163