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
MARY BLACK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)349 EAST MAIN STREET 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SPARTANBURG, SC29302
A Employer identification number

57-0843135
B Telephone number (see instructions)

(864) 573-9500
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$86,119,097J 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) 334,179
2 Check right arrow.............
3 Interest on savings and temporary cash investments 15,778 15,778  
4 Dividends and interest from securities... 1,955,356 1,955,356  
5a Gross rents............ 207,630 207,630  
b Net rental income or (loss) 70,930
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-231,281
b Gross sales price for all assets on line 6a 5,660,754
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
198,148 233,828  
12 Total. Add lines 1 through 11........ 2,479,810 2,412,592  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 203,497 8,140   195,357
14 Other employee salaries and wages...... 666,868 26,675   640,193
15 Pension plans, employee benefits....... 173,938 6,958   163,388
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
7,250 290   6,182
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,900 20,935   9,492
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
424,225 383,237   41,348
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
98,602 2,890   58,968
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
185,991 71,063  
20 Occupancy.............. 168,681 97,846   70,835
21 Travel, conferences, and meetings....... 29,169 1,950   27,035
22 Printing and publications.......... 13,910 0   13,940
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
728,561 106,651   407,013
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,734,592 726,635   1,633,751
25 Contributions, gifts, grants paid....... 3,516,626 2,969,828
26 Total expenses and disbursements. Add lines 24 and 25 6,251,218 726,635   4,603,579
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,771,408
b Net investment income (if negative, enter -0-) 1,685,957
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............. 610,239 696,601 696,601
2 Savings and temporary cash investments......... 10,058,664 8,089,128 8,089,128
3 Accounts receivable right arrow154,227
Less: allowance for doubtful accounts right arrow   118,705 154,227 154,227
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.......... 160,116 128,671 128,671
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow3,497,048
Less: accumulated depreciation (attach schedule) right arrow1,543,442 2,034,479 Click to see attachment
List of Attached Documents:
// Content
1,953,606 		2,773,002
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 66,262,484 Click to see attachment
List of Attached Documents:
// Content
71,320,011 		71,320,011
14 Land, buildings, and equipment: basis right arrow3,838,349
Less: accumulated depreciation (attach schedule) right arrow1,795,441 2,131,784 Click to see attachment
List of Attached Documents:
// Content
2,042,908 		1,612,304
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,901,590 		Click to see attachment
List of Attached Documents:
// Content
1,346,387 		Click to see attachment
List of Attached Documents:
// Content
1,345,153
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 83,278,061 85,731,539 86,119,097
Liabilities 17 Accounts payable and accrued expenses.......... 20,675 28,567
18 Grants payable................. 2,703,483 3,250,281
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) Click to see attachment
List of Attached Documents:
// Content
104,278 		Click to see attachment
List of Attached Documents:
// Content
51,105
23 Total liabilities (add lines 17 through 22)......... 2,828,436 3,329,953
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........... 80,449,625 82,401,586
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 80,449,625 82,401,586
30 Total liabilities and net assets/fund balances (see instructions). 83,278,061 85,731,539
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
80,449,625
2
Enter amount from Part I, line 27a .....................
2
-3,771,408
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,725,383
4
Add lines 1, 2, and 3 ..........................
4
82,403,600
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,014
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
82,401,586
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 P    
b FROM SCHEDULES K-1 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 5,297,911   5,892,035 -594,124
b 332,809   272,597 60,212
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       -594,124
b       60,212
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 -533,912
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 23,435
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 23,435
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 23,435
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 32,024
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 32,024
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,589
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow8,589 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowSC
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 arrowMARYBLACKFOUNDATION.ORG
14
The books are in care ofright arrowMARY KATHRYN SNEAD Telephone no.right arrow (864) 573-9500

Located atright arrow349 EAST MAIN STREET 100SPARTANBURGSC ZIP+4right arrow29302
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
DR NAYEF SAMHAT CHAIR
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
SCOTT NEELY VICE CHAIR
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
SLOAN EVANS SECRETARY/TREASURER
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
DR KOFI APPIAH TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
ANNA CONVERSE TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
DR LAURA BARBAS RHODEN TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
DR RUSSELL BOOKER TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
KAREN KNUCKLES TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
ETHAN BURROUGHS TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
ED MEMMOTT TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
KAREN CALHOUN TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
GREGORY H WADE TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
BERNARD WHEELER TRUSTEE
1.00 		0 0 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
MOLLY TALBOT-METZ PRESIDENT/CEO
37.50 		197,497 17,994 5,394
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
MARY KATHRYN SNEAD CFO
37.50 		125,500 7,500 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
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
ROCHELLE WILLIAMS VP STRATEGY & PGMS
37.50 		119,776 6,757 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
NATALIA SWANSON SENIOR PROGRAM DIREC
37.50 		90,500 8,100 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
LINDA SMITH OFFICE MANAGER
37.50 		80,221 6,489 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
HALEY WICKER PROGRAM DIRECTOR
37.50 		72,500 6,480 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
AMY PAGE GRANTS MANAGER
37.50 		71,300 6,372 0
349 EAST MAIN STREET SUITE 100
SPARTANBURG,SC29302
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
GRAYSTONE CONSULTINGMORGAN STANLEY INVESTMENT CONSULTING 355,602
227 WEST MONROE ST STE 3400
CHICAGO,IL60606
COLDWELL BANKER CAINE PROPERTY MANAGEMENT SERVICES 63,025
151 S DANIEL MORGAN AVE
SPARTANBURG,SC29306
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
77,510,692
b
Average of monthly cash balances.......................
1b
632,969
c
Fair market value of all other assets (see instructions)................
1c
2,789,493
d
Total (add lines 1a, b, and c).........................
1d
80,933,154
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
80,933,154
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,213,997
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
79,719,157
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,985,958
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
3,985,958
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
23,435
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
23,435
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,962,523
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,962,523
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
3,962,523
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
4,603,579
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
4,603,579
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 3,962,523
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...... 1,180,132
b From 2019...... 3,428,838
c From 2020...... 825,244
d From 2021...... 822,298
e From 2022...... 619,397
f Total of lines 3a through e ........ 6,875,909
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,603,579
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..... 3,962,523
e Remaining amount distributed out of corpus 641,056
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 7,516,965
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) ... 		1,180,132
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		6,336,833
10 Analysis of line 9:
a Excess from 2019.... 3,428,838
b Excess from 2020.... 825,244
c Excess from 2021.... 822,298
d Excess from 2022.... 619,397
e Excess from 2023.... 641,056
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MARY BLACK FOUNDATION INC
349 EAST MAIN STREET
SPARTANBURG,SC29302
(864) 573-9500
bThe form in which applications should be submitted and information and materials they should include:
SEE HTTP://WWW.MARYBLACKFOUNDATION.ORG
cAny submission deadlines:
SEE HTTP://WWW.MARYBLACKFOUNDATION.ORG
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE HTTP://WWW.MARYBLACKFOUNDATION.ORG
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

A LIGHT UNTO MY PATH

P O BOX 6945
SPARTANBURG,SC29306 		  PC A LIGHT - GENERAL OPERATING EXPENSE GRANT 10,000

ADULT LEARNING CENTER INC

145 NORTH CHURCH ST
SPARTANBURG,SC29306 		  PC OPPORTUNITIES THROUGH EDUCATION 2023 10,000

AMERICAN RED CROSS

940 GROVE ROAD
GREENVILLE,SC29605 		  PC RED CROSS SOUND THE ALARM (STA) INITIATIVE 2,500

ANGELS CHARGE MINISTRY

778 UNION ST
SPARTANBURG,SC29306 		  PC GENERAL OPERATING SUPPORT 52,500

BEGINNING SC

437 CENTER STREET
WEST COLUMBIA,SC29169 		  PC SPARTANBURG COUNTY PARENT EDUCATION 10,000

BIG BROTHERS BIG SISTERS OF THE UPSTATE

161 EAST KENNEDY STREET SPARTANBURG
OFFICE
SPARTANBURG,SC29306 		  PC A SPARTANBURG COLLABORATIVE TO MITIGATE ACES IMPACT ON DISADVANTAGED CHILDREN 12,000

BIRTHMATTERS

501 HOWARD ST A
SPARTANBURG,SC29303 		  PC 2021 ECD GENERAL OPERATING SUPPORT 151,086

BLOOM UPSTATE INC

PO BOX 2374
SPARTANBURG,SC29304 		  PC GENERAL OPERATING SUPPORT 50,000

BROTHERS RESTORING URBAN HOPE INC

337 LAURELWOOD DRIVE
BOILING SPRINGS,SC29316 		  PC BROTHERS RESTORING URBAN HOPE SPORTS AND MENTORING PROGRAM 13,000

CHILDREN'S ADVOCACY CENTER OF SPARTANBURG

100 WASHINGTON PLACE
SPARTANBURG,SC29302 		  PC GENERAL OPERATING SUPPORT 100,000

CITY OF SPARTANBURG

PO BOX 1749
SPARTANBURG,SC29304 		  GOV HELLO FAMILY FUND 200,000

COUNCIL FOR A STRONG AMERICA

1025 CONNECTICUT AVENUE NW
WASHINGTON,DC20036 		  PC UNEXPECTED MESSENGERS BUILDING SUPPORT FOR INVESTMENTS IN EARLY CARE AND EDUCATION FOR SOUTH CAROLINAS CHILDREN 15,000

EMERGE FAMILY THERAPY CENTER & TEACHING CLINIC

138 DILLON DRIVE
SPARTANBURG,SC29307 		  PC GENERAL OPERATING SUPPORT 100,000

FACES AND VOICES OF RECOVERY GREENVILLE

355 WOODRUFF ROAD STE 303
GREENVILLE,SC29607 		  PC GENERAL OPERATING SUPPORT 50,000

FOREST PARK NEIGHBORHOOD ASSOCIATION

128 LINCOLN DRIVE
SPARTANBURG,SC29306 		  PC EXPRESS LANE AAU TRACK AND FIELD TEAM 5,000

GIRLS ON THE RUN UPSTATE SC

PO BOX 170773
SPARTANBURG,SC29301 		  PC GIRLS ON THE RUN HEALTH EQUITY INITIATIVE 20,000

GOFORTH RECOVERY

PO BOX 6560
SPARTANBURG,SC29304 		  PC GENERAL OPERATING SUPPORT 50,000

HABITAT FOR HUMANITY OF SPARTANBURG

2270 SOUTH PINE ST
SPARTANBURG,SC29302 		  PC HABITAT SPARTANBURG HEALTH AND EQUITY OF LIFE PROGRAM (HHELP) 10,000

HARRY DALLARA MEMORIAL FOUNDATION INC

1114 AVENUE OF THE AMERICAS
NEW YORK,NY10036 		  PC DUNCAN PARK YOUTH BASEBALL FIELD RENOVATION TO PROMOTE DIVERSITY IN SPORTS 100,000

HATCHER GARDEN AND WOODLAND PRESERVE

PO BOX 2337
SPARTANBURG,SC29306 		  PC HATCHER GARDEN AND WOODLAND PRESERVE 13,000

HEALTHY SMILES OF SPARTANBURG INC

PO BOX 1441
SPARTANBURG,SC29304 		  PC HEALTHY SMILES OF SPARTANBURG PORTABLE PEDIATRIC ORAL HEALTH CLINICS 10,000

HOPE CENTER FOR CHILDREN

PO BOX 1731
SPARTANBURG,SC29304 		  PC HCFC OPERATING SUPPORT 150,000

HUB CITY ROOTS

324 E ST JOHN ST
SPARTANBURG,SC29302 		  PC HUB CITY ROOTS HEAL INTIATIVES 105,000

IMPACT AMERICA

601 BEACON PARKWAY W SUITE 102
BIRMINGHAM,AL35209 		  PC IMPACT AMERICA CHILD HEALTH SCREENING AND ADULT SUPPORT SERVICES 10,000

INSTITUTE FOR CHILD SUCCESS

PO BOX 17811
GREENVILLE,SC29606 		  PC SPARTANBURG EARLY CHILDHOOD SYSTEMS CHANGE INITIATIVE 38,750

JUMPSTART SOUTH CAROLINA

438 N CHURCH ST
SPARTANBURG,SC29303 		  PC GENERAL OPERATING SUPPORT 100,000

MIDDLE TYGER COMMUNITY CENTER

84 GROCE ROAD
LYMAN,SC29365 		  PC PRESCHOOL INCLUSION SUPPORT 20,000

MOUNT MORIAH BAPTIST CHURCH OF SPARTANBURG FOUNDATION INC

445 SOUTH CHURCH STREET
SPARTANBURG,SC29304 		  PC GEORGE NEWBY, JR. HEALTH EQUITY LEADERSHIP AWARD 25,000

NEW MORNING

1501 MAIN STREET
COLUMBIA,SC29201 		  PC EQUITABLE ACCESS TO CONTRACEPTIVE SERVICES - SPARTANBURG COUNTY 15,000

NORTHSIDE DEVELOPMENT GROUP

PO BOX 3362
SPARTANBURG,SC29303 		  PC SCHOLARSHIP FUND: THE FRANKLIN SCHOOL 10,000

NORTHSIDE DEVELOPMENT GROUP

PO BOX 3362
SPARTANBURG,SC29303 		  PC THE FRANKLIN SCHOOL 20,000

NORTHSIDE DEVELOPMENT GROUP

PO BOX 3362
SPARTANBURG,SC29303 		  PC THE FRANKLIN SCHOOL STAFF RETENTION PROGRAM TWO 20,000

NORTHSIDE DEVELOPMENT GROUP

PO BOX 3362
SPARTANBURG,SC29303 		  PC NORTHSIDE DEVELOPMENT GROUP SAFE AND SUPPORTIVE SERVICES INITIATIVE 15,000

ONESPARTANBURG INC FOUNDATION

105 NORTH PINE STREET
SPARTANBURG,SC29302 		  PC NURSING/HEALTHCARE CAREER PATHWAYS 10,000

PALMETTO COUNCIL INC SCOUTING AMERICA

420 SOUTH CHURCH STREET
SPARTANBURG,SC29306 		  PC GENERAL OPERATING SUPPORT 5,000

PARTNERS FOR ACTIVE LIVING DBA PLAY ADVOCATE LIVE WELL

PO BOX 6728
SPARTANBURG,SC29304 		  PC URBAN TRAILS SYSTEM 50,000

PARTNERS FOR ACTIVE LIVING DBA PLAY ADVOCATE LIVE WELL

PO BOX 6728
SPARTANBURG,SC29304 		  PC GENERAL OPERATING SUPPORT 100,000

PARTNERS FOR ACTIVE LIVING DBA PLAY ADVOCATE LIVE WELL

PO BOX 6728
SPARTANBURG,SC29304 		  PC SPARTANBURG HEALTHY SCHOOLS INITIATIVE, PHASE 2 79,000

PARTNERS FOR ACTIVE LIVING DBA PLAY ADVOCATE LIVE WELL

PO BOX 6728
SPARTANBURG,SC29304 		  PC THE DAN AT BEAUMONT; CONNECTING TO BUTTERFLY BRANCH 10,000

PROJECT HOPE FOUNDATION INC

751 E GEORGIA STREET
WOODRUFF,SC29388 		  PC PROVIDING AUTISTIC CHILDREN ACCESS TO MEDICALLY NECESSARY THERAPY 15,000

PROJECT REST (FORMERLY KNOWN AS SAFE HOMES-RAPE CRISIS COALITION)

236 UNION STREET
SPARTANBURG,SC29302 		  PC PROJECT R.E.S.T. 20,000

REGENESIS HEALTH CARE

460 LANGDON STREET
SPARTANBURG,SC29302 		  PC 20TH ANNIVERSARY COMMUNITY HEALTH EVENTS 2,500

ROO CREW

PO BOX 235
SPARTANBURG,SC29304 		  PC THE ROO CREW 10,000

RUTH'S GLEANINGS

PO BOX 5088
SPARTANBURG,SC29304 		  PC FRESH FOOD FOR ALL 100,000

SERVANTS FOR SIGHT

PO BOX 2122
GREENVILLE,SC29602 		  PC SEEING THE FUTURE CLEARLY EYE CARE FOR SPARTANBURGS LOW-INCOME, UNINSURED RESIDENTS 10,000

SPARTANBURG ACADEMIC MOVEMENT

349 E MAIN ST STE 101
SPARTANBURG,SC29302 		  PC HELLO FAMILY 15,938

SPARTANBURG ALLIANCE FOR THE MENTALLY ILL

358A SERPENTINE DRIVE
SPARTANBURG,SC29303 		  PC EXPANDING OUR CAPACITY 10,000

SPARTANBURG AREA CONSERVANCY

100 E MAIN ST
SPARTANBURG,SC29306 		  PC SPARTANBURG AREA CONSERVANCY GLENDALE MILL NATURE TRAILS 20,000

SPARTANBURG AREA MENTAL HEALTH

250 DEWEY AVE
SPARTANBURG,SC29303 		  PC BIPOC AND LATINX OUTREACH PROGRAM 14,550

SPARTANBURG AREA MENTAL HEALTH

250 DEWEY AVE
SPARTANBURG,SC29303 		  PC HUB CITY HOPES 162,000

SPARTANBURG COUNTY FIRST STEPS

900 SOUTH PINE STREET
SPARTANBURG,SC29302 		  PC HELLO FAMILY 79,500

SPARTANBURG COUNTY FIRST STEPS

900 SOUTH PINE STREET
SPARTANBURG,SC29302 		  PC QUALITY COUNTS 130,000

SPARTANBURG COUNTY FOUNDATION

431 E KENNEDY STREET
SPARTANBURG,SC29302 		  PC COMMUNITY HEALTH AWARENESS DAY 5,000

SPARTANBURG COUNTY SCHOOL DISTRICT THREE

PO BOX 267
SPARTANBURG,SC29302 		  GOV PACOLET 3K CLASS 110,500

SPARTANBURG REGIONAL HEALTHCARE SYSTEM FOUNDATION

1692 SKYLYN DRIVE
SPARTANBURG,SC29307 		  PC SRHS NURSE FAMILY PARTNERSHIP 142,225

ST LUKE'S FREE MEDICAL CLINIC

PO BOX 3466
SPARTANBURG,SC29304 		  PC ACCESS TO HEALTHCARE FOR ALL 15,000

THE ALLIANCE FOR A HEALTHIER GENERATION

1028 SE WATER AVE SUITE 215
PORTLAND,OR97214 		  PC HEALTHY SCHOOLS RISE AT D7 7,500

THE CHARLES LEA CENTER

195 BURDETTE ST
SPARTANBURG,SC29307 		  PC WELLNESS INITIATIVES AT WECARE HEALTH AND WELLNESS CENTER 2,500

UNITED WAY OF THE PIEDMONT

PO BOX 5624
SPARTANBURG,SC29304 		  PC COMMUNITY HEALTH AND RESOURCE COORDINATORS 125,529

UPLIFT AND OUTREACH CENTER

200 FERNWOOD DRIVE
SPARTANBURG,SC29307 		  PC GENERAL OPERATING SUPPORT 50,000

UPSTATE FAMILY RESOURCE CENTER

3740 BOILING SPRINGS ROAD PMB 141
BOILING SPRINGS,SC29316 		  PC HELPING FAMILIES THRIVE 155,250
Total .................................right arrow 3a 2,969,828
bApproved for future payment

CITY OF SPARTANBURG
PO BOX 1749
SPARTANBURG,SC29304 		  GOV 2024 MLK UNITY WEEK SPONSORSHIP 1,000

CITY OF SPARTANBURG
PO BOX 1749
SPARTANBURG,SC29304 		  GOV HELLO FAMILY FUND 200,000

HUB CITY ROOTS
324 E ST JOHN ST
SPARTANBURG,SC29302 		  PC HEAL TRANSITION FUNDING 150,000

PARTNERS FOR ACTIVE LIVING DBA PLAY ADVOCATE LIVE WELL
PO BOX 6728
SPARTANBURG,SC29304 		  PC HEAL TRANSITION FUNDING 300,000

PARTNERS FOR ACTIVE LIVING DBA PLAY ADVOCATE LIVE WELL
PO BOX 6728
SPARTANBURG,SC29304 		  PC SPARTANBURG HEALTHY SCHOOLS INITIATIVE, PHASE 2 39,500

RUTH'S GLEANINGS
PO BOX 5088
SPARTANBURG,SC29304 		  PC HEAL TRANSITION FUNDING 150,000

SPARTANBURG ACADEMIC MOVEMENT
349 E MAIN ST STE 101
SPARTANBURG,SC29302 		  PC PHASE 2 HELLO FAMILY (MOVEMENT 2030) 2,000,000

SPARTANBURG ACADEMIC MOVEMENT
349 E MAIN ST STE 101
SPARTANBURG,SC29302 		  PC PANEL ON UNACCOMPANIED MINORS 1,000

SPARTANBURG AREA MENTAL HEALTH
250 DEWEY AVE
SPARTANBURG,SC29303 		  PC HUB CITY HOPES 162,000

SPARTANBURG COUNTY FIRST STEPS
900 SOUTH PINE STREET
SPARTANBURG,SC29302 		  PC HELLO FAMILY 83,438

SPARTANBURG COUNTY SCHOOL DISTRICT THREE
PO BOX 267
SPARTANBURG,SC29302 		  GOV PACOLET 3K CLASS 118,375

SPARTANBURG REGIONAL HEALTHCARE SYSTEM FOUNDATION
1692 SKYLYN DRIVE
SPARTANBURG,SC29307 		  PC NURSE FAMILY PARTNERSHIP 110,950

THE ALLIANCE FOR A HEALTHIER GENERATION
1028 SE WATER AVE SUITE 215
PORTLAND,OR97214 		  PC HEALTHY SCHOOLS RISE D7 37,500

UNITED WAY OF THE PIEDMONT
PO BOX 5624
SPARTANBURG,SC29304 		  PC COMMUNITY HEALTH & RESOURCE COORDINATORS 64,029
Total ................................. right arrow 3b 3,417,792
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 15,778  
4 Dividends and interest from securities ....     14 1,955,356  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 70,930  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 30,034 18 -261,315  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPROGRAM LOAN INTEREST 		        53,904
bREBATES AND REFUNDS         1,239
cPASSTHROUGH K-1 INCOME 901101 -67,058   233,828  
dK-1 INCOME NOT ON BOOKS 901101 67,058   -90,823  
e
12 Subtotal. Add columns (b), (d), and (e) .. 30,034 1,923,754 55,143
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,008,931
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11A INTEREST INCOME EARNED ON PROGRAM RELATED INVESTMENT (LOAN)
11B REFUNDS AND REBATES EARNED IN THE COURSE OF OPERATIONS
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.
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May the IRS discuss this return
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Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

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

57-0843135
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
MARY BLACK FOUNDATION INC
  		Employer identification number
57-0843135
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
SPARTANBURG ACADEMIC MOVEMENT
 
101 NORTH PINE ST STE 150
 
SPARTANBURG, SC29302

$ 333,750


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

$  


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

$  


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

$  


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

$  


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

$  


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

57-0843135
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
MARY BLACK FOUNDATION INC
  		Employer identification number

57-0843135
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT AND TAX COMPLIANCE SERVICES 33,900 20,935   9,492

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TY 2023 DepreciationSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING - 349 E. MAIN STREET   950,206 423,634   0 % 0 0    
BUILDING RENOVATION   4,723,714 1,850,364   0 % 0 0    
BUILDING RENOVATION - TENANT SPACE   273,617 97,938   0 % 0 0    
TENANT IMPROVEMENTS   286,599 286,599   0 % 0 0    
EQUIPMENT, FURNITURE AND FIXTURES   419,808 309,582   0 % 0 0    
LAND   544,635   L   0 0    

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Statement:
THE SC ATTORNEY GENERAL'S OFFICE NO LONGER REQUESTS A COPY OF FORM 990-PF ON AN ANNUAL BASIS. THE ATTORNEY GENERAL'S OFFICE RESERVES THE RIGHT TO REQUEST THE FORM AS NEEDED. THE FOUNDATION WILL COMPLY WITH ANY REQUESTS MADE AS NEEDED.

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TY 2023 GainLossSaleOtherAssetsSch
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
PASSTHROUGH K-1 UBI CAPITAL GAINS   PURCHASED     30,034   COST 0 30,034  

TY 2023 InvestmentsLandSchedule2
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 272,318 0 272,318 100,000
BUILDING AND IMPROVEMENTS 3,136,818 1,478,532 1,658,286 2,650,000
EQUIPMENT, FURNITURE, AND FIXTURES 87,912 64,910 23,002 23,002

TY 2023 InvestmentsOtherSchedule2
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AON OPPORTUNISTIC CREDIT PORTFOLIO FMV 1,363,108 1,363,108
AON PRIVATE CREDIT OPPORTUNITIES FUND, LLC FMV 1,583,865 1,583,865
ARTWORK AT COST 15,700 15,700
LANDMARK REAL ESTATE PARTNERS FMV 1,035,029 1,035,029
TRUMBULL PROPERTY FUND LP FMV 2,786,373 2,786,373
MS MARTIN CURRIE EMERGING MARKETS EQUITIES FMV 3,697,298 3,697,298
MS WESTERN ASSET COREPLUS FMV 4,499,172 4,499,172
MS BRECKINRIDGE INT. FIXED INCOME FMV 3,971,988 3,971,988
MS COMMUNITY CAPITAL MANAGEMENT FMV 3,981,755 3,981,755
MS BLACKROCK STRATEGIC OPP FMV 2,784,726 2,784,726
MS SEIX ADVISORS FMV 2,898,862 2,898,862
MS CROSSMARK GLOBAL FMV 6,015,898 6,015,898
MS CLEARBRIDGE LCS FMV 4,310,573 4,310,573
MS CONFLUENCE FMV 4,052,922 4,052,922
MS BOSTON TRUST WALDEN FMV 4,140,174 4,140,174
MS KAYNE ANDERSON FMV 4,250,940 4,250,940
MS HARDING LOEVNER FMV 7,147,497 7,147,497
MS ARISTOTLE CAPITAL MANAGEMENT FMV 7,018,114 7,018,114
MS AMERICAN CORE FMV 1,323,121 1,323,121
MS INTERCONTINENTAL REAL ESTATE FMV 2,421,405 2,421,405
MS PREMIER TPG RISE OFFSHORE FMV 146,245 146,245
MS PARTNERS GROUP PE - I FMV 1,514,661 1,514,661
MS VISTRIA FUND V LP FMV 360,585 360,585

TY 2023 LandEtcSchedule2
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 272,317 0 272,317 100,000
BUILDING AND IMPROVEMENTS 3,136,819 1,478,532 1,658,287 1,400,000
EQUIPMENT, FURNITURE, AND FIXTURES 429,213 316,909 112,304 112,304


TY 2023 LegalFeesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL GOVERNANCE AND COUNSEL 7,250 290   6,182


TY 2023 OtherAssetsSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED INVESTMENTS - LOAN RECEIVABLES 1,810,316 1,257,396 1,257,396
PROGRAM RELATED INVESTMENT - TIY 2013 LLC 6,601 6,601 6,601
PROGRAM RELATED INVESTMENT - TIY 2014 LLC 5,952 5,952 5,952
PROGRAM RELATED INVESTMENT - TIY VENTURES S 2015 LLC 3,060 3,060 1,826
ACCRUED INTEREST 269 0 0
DEFERRED TAX ASSET 75,392 73,378 73,378


TY 2023 OtherDecreasesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Amount
DEFERRED FEDERAL EXCISE TAX EXPENSE 2,014


TY 2023 OtherExpensesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMMUNICATIONS 16,898 5,069   11,832
LOAN FORGIVENESS 300,000 0   0
GRANT RELATED EXPENSES 252,969 0   252,969
INSURANCE 33,085 9,287   24,862
OTHER ADMINISTRATIVE EXPENSES 27,252 6,121   20,628
SCHEDULE K-1 EXPENSES 0 77,292   0
SUPPLIES 9,870 905   10,052
TECHNOLOGY 81,537 7,282   80,158
TELEPHONE 6,950 695   6,512


TY 2023 OtherIncomeSchedule2
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PROGRAM LOAN INTEREST 53,904   53,904
REBATES AND REFUNDS 1,239   1,239
PASSTHROUGH K-1 INCOME 166,770 233,828 166,770
K-1 INCOME NOT ON BOOKS -23,765   -23,765


TY 2023 OtherIncreasesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Amount
UNREALIZED GAIN ON INVESTMENTS 5,725,383


TY 2023 OtherLiabilitiesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Description Beginning of Year - Book Value End of Year - Book Value
TENANT DEPOSITS 6,378 6,378
EXCISE TAX PAYABLE 97,900 44,727


TY 2023 OtherProfessionalFeesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 38,675 1,547   37,488
PROPERTY MANAGEMENT 25,523 21,663   3,860
INVESTMENT EXPENSES 360,027 360,027   0


TY 2023 TaxesSchedule
Name:
MARY BLACK FOUNDATION INC
EIN:
57-0843135
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 37,177 0   0
FOREIGN TAX FROM K-1S 0 433   0
PAYROLL TAX 61,425 2,457   58,968