TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
JAMES M EWELL CHARITABLE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1 RIGHTER PARKWAY STE 120
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198031533

A Employer identification number

30-6084978

B Telephone number (see instructions)

(302) 573-5973

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$1,102,400J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	30,570		30,570
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-11,408
b	Gross sales price for all assets on line 6a 446,803
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).......	List of Attached Documents: // Content	28	28
12	Total. Add lines 1 through 11........	19,190		30,598
13	Compensation of officers, directors, trustees, etc.	27,020		24,531	2,489
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	2,500	1,250	1,250
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	14,071	14,071	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	991	991	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	589	389	200
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	45,171		41,232	3,939
25	Contributions, gifts, grants paid.......	56,416			56,416
26	Total expenses and disbursements. Add lines 24 and 25	101,587		41,232	60,355
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-82,397
b	Net investment income (if negative, enter -0-)			0
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	17,271	26,546	26,546
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	378,678	List of Attached Documents: // Content 362,559	530,026
	c	Investments—corporate bonds (attach schedule).......	237,551	List of Attached Documents: // Content 236,081	220,140
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	308,518	List of Attached Documents: // Content 250,231	325,688
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	942,018	875,417	1,102,400
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	942,018	875,417
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	942,018	875,417
	30	Total liabilities and net assets/fund balances (see instructions).	942,018	875,417

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

942,018

Enter amount from Part I, line 27a .....................

-82,397

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

15,796

Add lines 1, 2, and 3 ..........................

875,417

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

875,417

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
1 a	PUBLICLY TRADED SECURITIES	P
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	446,802	458,211	-11,409
b	1		1
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			-11,409
b			1
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-11,408
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	0
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	0
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	0
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	365
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	365
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	365
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax365	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

FIRST STATE TRUST COMPANY Telephone no. right arrow

(302) 573-5818

Located at right arrow

1 RIGHTER PARKWAY DELAWARE CORPCENTER SUITE 120WILMINGTONDE ZIP+4 right arrow

19803

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
FIRST STATE TRUST COMPANY	CORP TRUSTEE 2.00	4,852
1 RIGHTER PKWY DELAWARE CORP CENTER I SUITE 120 WILMINGTON,DE19803	CORP TRUSTEE 2.00	4,852
BERNARD EWELL	DISBURSING TRUSTEE 1.00	5,542
99 AB SIBLEY ROAD SANTA FE,NM87508	DISBURSING TRUSTEE 1.00	5,542
JONATHAN EWELL	DISBURSING TRUSTEE 1.00	5,542
15850 SIESTA GROVE COLORADO SPRINGS,CO80908	DISBURSING TRUSTEE 1.00	5,542
SUSAN E JANTZER	DISBURSING TRUSTEE 1.00	5,542
1471 JELLISON STREET LAKEWOOD,CO80232	DISBURSING TRUSTEE 1.00	5,542
DEBORAH EWELL CURRIN	DISBURSING TRUSTEE 1.00	5,542
32 LENNOX ROAD STUDSON,OH44236	DISBURSING TRUSTEE 1.00	5,542

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...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

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 arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,063,823

Average of monthly cash balances.......................

32,321

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,096,144

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,096,144

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

16,442

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

1,079,702

Minimum investment return. Enter 5% (0.05) of line 5................

53,985

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.)

Minimum investment return from Part IX, line 6..................

53,985

Tax on investment income for 2022 from Part V, line 5.......

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

53,985

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

53,985

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

53,985

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

60,355

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

60,355

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					53,985
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......	19,870
b From 2019......	12,507
c From 2020......	14,951
d From 2021......	9,655
e From 2022......	3,803
f Total of lines 3a through e ........		60,786
4Qualifying distributions for 2023 from Part
XI, line 4: $ 60,355
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.....					53,985
e Remaining amount distributed out of corpus		6,370
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		67,156
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) ...		19,870
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		47,286
10 Analysis of line 9:
a Excess from 2019....	12,507
b Excess from 2020....	14,951
c Excess from 2021....	9,655
d Excess from 2022....	3,803
e Excess from 2023....	6,370

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ADOPT-A-NATIVE 328 W GREGSON AVE SALT LAKE CITY,UT84115	NONE	PC	SUPPORT FOR THE TRADITIONAL ELDERS WHO LIVE IN THE CULTURAL AND SPIRITUAL TRADITIONS OF THE DINE (NAVAJO) PEOPLE.	3,000
FOUR CORNERS HOME FOR CHILDREN 2103 W MAIN ST FARMINGTON,NM87401	NONE	PC	SUPPORT TO HELP MEET THE PHYSICAL, EMOTIONAL, EDUCATIONAL AND SPIRITUAL NEEFDS OF NAVAJO FAMILIES AND CHILDREN.	7,052
HEIFER INTERNATIONAL 1 WORLD AVENUE LITTLE ROCK,AR72202	NONE	PC	SUPPORT FOR MISSION OF ENDING HUNGER AND POVERTY IN A SUSTAINABLE WAY.	3,526
HUDSON COMMUNITY FOUNDATION 49 E MAIN STREET HUDSON,OH44236	NONE	PC	WILLIAM A AND DEBORAH E CURRIN PHILANTHROPIC FUND	14,104
JEFFCO ACTION CENTER 85755 W 14TH AVE LAKEWOOD,CO80215	NONE	PC	SUPPORT FOR MISSION OF PROVIDING IMMEDIATE RESPONSE TO THOSE IN THE COMMUNITY EXPERIENCING A HARDSHIP.	7,000
MAY CENTER FOR LEARNING 1200 OLD PECOS TRAIL SANTA FE,NM87505	NONE	PC	SUPPORT TO EMPOWER INTELLIGENT STUDENTS WITH LEARNING DIFFERENCES	604
NEW LIFE MINISTRIES 2701 AMERICAN ROAD SE RIO RANCH,NM87124	NONE	PC	SUPPORT FOR RELIGIOUS EDUCATION AND COMMUNITY SUPPORT.	3,526
OUTDOOR LAB FOUNDATION 3000 YOUNGFIED ST 167 WHEATRIDGE,CO80215	NONE	PC	SUPPORT TO INCREASE COMMUNITY AND BUSINESS INVOLVEMENT IN SUPPORT OF THE JEFFERSON COUNTY PUBLIC SCHOOLS.	2,104
SANTA FE OPERA 301 OPERA DR SANTA FE,NM87506	NONE	PC	SUPPORT FOR MISSION TO PRESENT PRODUCTIONS MEETING THE HIGHEST ARTISTIC STANDARDS IN A REPERTORY OF NEW, RARELY PERFORMED, AND STANDARD WORKS.	3,000
SANTA FE SYMPHONY ORCHESTRA & CHORUS 301 GRIFFIN STREET SANTA FE,NM87501	NONE	PC	SUPPORT FOR REGIONAL CULTURAL RESOURCE.	5,000
SENSE OF SECURITY 1355 S COLORADO BLVD ST C-302 DENVER,CO80222	NONE	PC	SUPPORT TO PROVIDE A SENSE OF SECURITY FROM FINANCIAL HARDSHIP AND ENHANCE THE QUALITY OF LIFE FOR COLORADO BREAST CANCER PATIENTS IN TREATMENT.	5,000
SOUTHWESTERN ASSOCIATION FOR INDIAN ARTS PO BOX 969 SANTA FE,NM87504	NONE	PC	SUPPORT TO BRING NATIVE ARTS TO THE WORLD BY INSPIRING ARTISTIC EXCELLENCE	2,500
Total ................................. 3a				56,416

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	30,570
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	-11,408
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aSTOCK AND CASH MERGERS			01	28
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		19,190	0

13Total. Add line 12, columns (b), (d), and (e)..................

19,190

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEES	2,500	1,250		1,250

- TIN:

TY 2023 ExplnOfNonFilingWithAGStmt

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Statement:

THE OHIO ATTORNEY GENERAL DOES NOT REQUIRE AND WILL NOT ACCEPT A COPY OF FORM 990-PF. AN ANNUAL REPORT IS FILED ONLINE WITH THE OHIO ATTORNEY GENERAL TO FULFILL THE STATE FILING REQUIREMENTS.

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Name of Bond	End of Year Book Value	End of Year Fair Market Value
TIME WARNER COS INC	15,745	15,254
ANADARKO FIN CO	13,298	10,844
CONNECTICUT ST	9,542	9,942
CHICAGO ILL	15,458	14,919
ALLENTOWN PA	15,012	14,708
OREGON ED DISTS FULL FAITH	15,013	14,778
MONTEBELLO CALIF PENSION OB	10,522	9,357
MISSOURI HIGHWAYS AND TRANS	15,688	15,237
HAMILTON OHIO CMNTY AUTH LE	15,013	13,731
ROSEMONT ILL	10,000	9,017
MIAMI-DADE CNTY FLA AVIATIO	10,239	8,868
EL CAJON CALIF	15,000	11,883
LOUISIANA LOC GOVT ENVIRONM	10,653	8,734
IL ST TAXABLE	15,001	14,824
RIDGECREST CALIF CTFS PARTN	10,517	10,056
MONTGOMERY CNTY MD LTD OBLIG	19,921	19,528
ONTARIO CALIF PENSION OBLIG	10,537	9,186
BOARD OF REGENTS OF THE UNI	8,922	9,274

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADOBE SYSTEMS INC	4,808	7,159
AIR PRODS & CHEMS INC	5,811	6,297
ALPHABET INC CL A	4,016	11,455
ALTRIA GROUP INC	4,234	4,115
AMAZON COM INC	3,225	3,950
AMERISOURCEBERGEN CORP	322	411
AMPHENOL CORP NEW	685	6,344
APOLLO GLOBAL MGMT INC	257	280
APPLE COMPUTER INC	7,049	24,066
APPLIED MATLS INC	422	486
ARES CAPITAL CORP	399	401
ARES MANAGEMENT CORPORATION	386	714
AUTODESK INC	4,655	5,357
BECTON DICKINSON & CO	556	488
BERKSHIRE HATHAWAY INC	4,589	8,203
BLACKROCK INC	4,831	8,118
BLACKSTONE GROUP INC	355	393
BOOKING HLDGS INC	564	3,547
BOOZ ALLEN HAMILTON HOLDING	497	767
BROADRIDGE FINL SOLUTIONS INC	1,418	3,704
CHARLES SCHWAB CORP	6,014	7,499
CHEVRON CORPORATION	3,551	5,966
CINCINNATI FINL CORP	4,105	4,035
CISCO SYS INC	3,471	6,568
COCA COLA CO	825	766
COMCAST CORP	4,480	4,297
CROWN CASTLE INTL CORP	4,746	5,184
CULLEN FROST BANKERS INC	211	217
DISNEY WALT CO	4,196	4,605
DOLLAR GENERAL CORP	6,663	6,390
DOMINION RES INC	4,318	4,230
FASTENAL CO	2,369	5,376
FIDELITY NATL INFORMATION SVCS	5,709	5,887
FISERV INC	4,877	6,509
FNF GROUP	219	255
GOLDMAN SACHS GROUP INC	733	772
HOME DEPOT INC	5,673	9,357
HONEYWELL INTL INC	184	210
INTUIT	3,329	5,000
JP MORGAN CHASE & CO	422	510
JOHNSON & JOHNSON	5,770	6,740
LILLY ELI & CO	548	583
LOWES COS INC	3,101	7,122
MDC HOLDINGS INC	355	387
MARKEL CORP	4,345	5,680
MASTERCARD INC	926	5,971
MC DONALD'S CORPORATION	788	890
MCCORMICK & CO INC	418	342
MERCK & CO INC	3,770	6,759
MICROSOFT CORP	14,301	21,434
NIKE INC CLASS B	645	543
NORFOLK SOUTHERN CORP	6,857	8,510
NORTHROP GRUMMAN CORP	5,119	5,618
PAYCHEX INC	3,915	5,479
PAYPAL HLDGS INC	3,797	3,685
PEPSICO INC	641	679
PHILIP MORRIS INTERNATIONAL	6,753	7,526
PROGRESSIVE CORP OHIO	3,874	6,530
PROLOGIS INC	357	400
PUBLIC STORAGE INC	288	305
QIAGEN NV	1,204	1,042
RAYTHEON TECHNOLOGIES CORP	2,194	3,955
REPUBLIC SERVICES INC	626	825
S&P GLOBAL INC	2,488	5,286
SHERWIN WILLIAMS CO	1,117	4,055
STARBUCKS CORP	6,711	7,009
TAKE-TWO INTERACTIVE SOFTWARE INC	3,737	4,185
TARGET CORP	407	427
TEXAS INSTRUMENTS INC	5,660	7,671
THERMO FISHER SCIENTIFIC INC	1,641	6,369
TJX COS INC	2,109	6,473
TRACTOR SUPPLY CO	914	860
UNITED PARCEL SERVICE CL B	3,694	5,346
UNITEDHEALTH GROUP INC	5,812	6,318
VERIZON COMMUNICATIONS	3,277	3,695
VISA INC-CLASS A	1,658	6,509
WAL MART STORES INC	286	315
WELLS FARGO & CO NEW	520	541
ZEBRA TECHNOLOGIES CORP	5,754	5,740
ZIMMER BIOMET HOLDINGS	358	365
ZOETIS INC	2,811	5,526
ACCENTURE PLC CL A	7,265	8,773
ADIDAS AG ADR	2,634	2,643
AIA GROUP	1,142	1,499
AKZO NOBEL	2,348	3,003
AMADEUS IT HOLDINGS	2,684	3,604
ASTRAZENECA PLC ADR	1,006	1,078
BAYER A GADRMODEL	4,137	2,247
BNP PARIBAS ADR	3,006	4,010
BRITISH AMEM TOB	2,082	1,787
CIE FINANCIERE RICH UNSPONS ADR	1,689	1,472
CLP HOLDINGS LTD	1,191	1,282
CSL LTD	1,775	1,943
DAIKIN INDUSTRIES	1,029	2,523
DIAGEO	9,299	8,594
ENI S P A SPON	2,463	3,299
FUJITSU LTD UNSPONS ADR	3,482	3,243
GLENCORE XSTRATA PLC ADR (JERSEY)	2,095	2,803
HDFC BK LTD	1,923	3,959
HEINEKEN NV-SPN ADR	2,035	2,141
HITACHI LTD	2,313	4,771
IBERDROLA SPONS ADR	1,037	1,154
ICON PLC (IRELAND)	4,252	5,944
INTERCONTINENTAL HOTELS GROUP	1,614	2,006
KDDI CORP	1,322	2,221
KUBOTA LTD	2,248	2,246
KYOCERA CORP-SPON ADR	789	820
L AIR LIQUIDE	1,954	3,035
LINDE PLC	2,759	4,107
LLOYDS BANKING GROUP PLC	687	681
LONDON STOCK EXCHANGE GROUP ADR	2,988	3,567
LVMH MOET HENNESSY	2,187	3,899
MICHELIN (CGDE) UNSPONS ADR	898	1,130
MITSUBISHI UFJ	2,204	3,728
NATWEST GROUP PLC	2,010	1,914
NESTLE SA	5,765	8,342
NINTENDO LTD	5,928	5,884
NOVO-NORDISK	1,345	4,966
RESTAURANT BRANDS INTL INC	4,614	6,094
RIO TINTO PLC SPNSD ADR	774	819
ROCHE HLDG	3,114	4,022
RYANAIR HLDG	927	1,334
SANOFI-ADVENTIS ADR	3,046	3,083
SCHEIDER ELECT SA	1,556	5,261
SEVEN & I HOLDINGS	1,026	1,369
SMC CORP ADR (JAPAN)	633	561
SOFTBANK CORP	761	1,277
SYMRISE AG	1,352	3,275
TAIWAN SEMICONDUCTOR	807	4,368
TECHTRONIC INDUSTRIES	958	1,790
TENARIS SA-ADR	1,038	1,078
THOMPSON REUTERS CORP	23	731
TOTAL S.A. SPON ADR	3,387	3,975
TOYOTA MTR CORP SPONSD ADR	488	550
UBS GROUP	2,327	5,213
WOODSIDE PETROLEUM SPONS ADR	1,503	1,476
ZURICH INSURANCE	2,356	4,444
ALLSTATE CORP	234	243
DIGITALBRIDGE GROUP INC	278	255
KEYCORP	252	215
WESBANCO INC	336	287
WINTRUST	464	405

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
DOUBLELINE TOTAL RETURN BOND	AT COST	46,360	47,907
RIVERPARK FDS TR	AT COST	33,894	34,121
BARON SELECT FUNDS	AT COST	50,573	56,742
ALPS ETF TR ALERIAN MLP	AT COST	616	638
ENERGY SELECT SECTOR SPDR	AT COST	1,381	1,341
J.P. MORGAN EXCHANGE-TRADED FUND TRUST	AT COST	3,014	3,395
SCHWAB STRATEGIC TR INTM TRM TRES	AT COST	7,743	7,458
SELECT SECTOR SPDR TR COMMUNICATION	AT COST	2,835	3,197
VANGUARD INDEX FDS ETF	AT COST	70,780	137,620
ISHARES BARCLAYS 3-7 YEAR	AT COST	6,770	6,794
ISHARES SP US PFRD STK IDX FD	AT COST	2,515	2,526
JANUS DETROIT STR TR	AT COST	3,377	3,420
SPDR BLACKSTONE GSO SENIOR LOAN ETF	AT COST	2,058	2,055
VANGUARD SCOTTSDALE FDS INT-TERM CORP	AT COST	3,587	3,658
VANGUARD ST CORPORATE BOND ETF	AT COST	8,067	8,201
VANGUARD ST GOV'T BOND ETF	AT COST	6,306	6,241
AVALONBAY COMMUNITIES INC	AT COST	355	374

- TIN:

TY 2023 OtherExpensesSchedule

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
FILING FEES	200	0	200
ADR FEES	191	191	0
POSTAGE	198	198	0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
STOCK AND CASH MERGERS	28	28	28

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Description	Amount
BOOK/TAX DIFFERENCE	1,741
COST BASIS ADJUSTMENT ON SALES	14,055

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	14,071	14,071		0

- TIN:

TY 2023 TaxesSchedule

Name:

JAMES M EWELL CHARITABLE FOUNDATION

EIN:

30-6084978

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	991	991		0