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
ALDEN AND VADA DOW FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)315 POST STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIDLAND, MI48640
A Employer identification number

38-6058512
B Telephone number (see instructions)

(989) 839-7444
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$15,911,449J 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) 67,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments 8,019 8,019  
4 Dividends and interest from securities... 323,633 323,633  
5a Gross rents............ 30,600 30,600  
b Net rental income or (loss) 22,930
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
147,420
b Gross sales price for all assets on line 6a 8,905,733
7 Capital gain net income (from Part IV, line 2)... 159,516
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
23,024    
12 Total. Add lines 1 through 11........ 600,196 521,768  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 61,263     61,263
15 Pension plans, employee benefits....... 18,744     18,744
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
6,446 6,446    
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,935 6,935    
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
46,777 46,777    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
24,010      
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
7,670 7,670  
20 Occupancy.............. 18,636 18,636    
21 Travel, conferences, and meetings....... 1,620 1,620    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,332 9,067   11,265
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 212,433 97,151   91,272
25 Contributions, gifts, grants paid....... 805,334 805,334
26 Total expenses and disbursements. Add lines 24 and 25 1,017,767 97,151   896,606
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -417,571
b Net investment income (if negative, enter -0-) 424,617
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,046,013 686,134 686,134
3 Accounts receivable right arrow4,898
Less: allowance for doubtful accounts right arrow   10,251 4,898 4,898
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 9,730,903 Click to see attachment
List of Attached Documents:
// Content
8,223,058 		13,166,496
c Investments—corporate bonds (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
1,448,424 		1,470,985
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow548,913
Less: accumulated depreciation (attach schedule) right arrow225,847 322,992 Click to see attachment
List of Attached Documents:
// Content
323,066 		582,936
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,110,159 10,685,580 15,911,449
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,008 		 
23 Total liabilities (add lines 17 through 22)......... 7,008 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 11,103,151 10,685,580
29 Total net assets or fund balances (see instructions)..... 11,103,151 10,685,580
30 Total liabilities and net assets/fund balances (see instructions). 11,110,159 10,685,580
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
11,103,151
2
Enter amount from Part I, line 27a .....................
2
-417,571
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
10,685,580
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,685,580
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 DELAWARE EMERGING MARKETS R6 P 2023-06-07 2023-10-18
b VIRTUS ALPHASIMPLEX MANAGED FUTURES P 2023-10-18 2023-11-29
c GRANDEUR PEAK INTERNATIONAL OPP FUND P 2014-02-27 2023-06-07
d IQ MERGER ARBITRAGE ETF P 2023-06-07 2023-11-29
e BLACKROCK FDS P 2021-02-22 2023-06-07
GRANDEUR PEAK INTERNATIONAL OPP FUND P 2021-11-08 2023-06-07
IQ MERGER ARBITRAGE ETF P 2023-06-28 2023-11-29
CORTEVA INC P 1960-11-01 2023-10-18
LSV SMALL CAP FUND-INST P 2018-08-02 2023-06-07
IQ MERGER ARBITRAGE ETF P 2023-10-18 2023-11-29
DFA EMERGING MARKETS CORE EQUITY - I P 2019-06-20 2023-10-18
PAX GLOBAL ENVIROMENTAL MRKTS INSTL P 2021-02-22 2023-06-07
ISHARES CORE MSCI EMERGING MARKET P 2023-10-18 2023-11-29
DFA EMERGING MARKETS CORE EQUITY - I P 2019-06-21 2023-10-18
PRIMECAP ODYSSEY AGGRESSIVE GROWTH P 2018-04-23 2023-06-07
ISHARES CORE S&P MIDCAP 400 INDEX P 2023-06-07 2023-10-18
DODGE COX GLOBAL STOCK P 2015-11-03 2023-06-07
PRIMECAP ODYSSEY AGGRESSIVE GROWTH P 2018-04-24 2023-06-07
ISHARES CORE S&P SMALLCAP 600 INDEX P 2023-06-07 2023-10-18
DODGE COX GLOBAL STOCK P 2015-11-03 2023-06-28
SANDS CAP GLOBAL GROWTH-INST P 2015-11-03 2023-06-07
ISHARES S&P MIDCAP 400 GROWTH ETF P 2023-10-18 2023-11-29
DODGE COX GLOBAL STOCK P 2015-12-10 2023-06-28
SANDS CAP GLOBAL GROWTH-INST P 2015-12-10 2023-06-07
ISHARES S&P SMALLCAP 600 GROWTH ETF P 2023-10-18 2023-11-29
DODGE COX GLOBAL STOCK P 2015-12-15 2023-06-28
SANDS CAP GLOBAL GROWTH-INST P 2015-12-15 2023-06-07
ISHARES TR S & P MIDCAP VALUE INDEX P 2023-10-18 2023-11-29
DODGE COX GLOBAL STOCK P 2021-11-08 2023-06-07
VANGUARD DEVELOPED MARKETS INDEX FUN P 2017-09-01 2023-11-29
ISHARES TR S & P SMALLCAP VALUE INDE P 2023-10-18 2023-11-29
DODGE & COX INCOME FUND P 2015-05-27 2023-06-07
VANGUARD S&P 500 ETF P 2015-05-28 2023-10-18
MATTHEWS PACIFIC TIGER FUND CL I P 2023-06-07 2023-10-18
DODGE & COX INCOME FUND P 2016-10-31 2023-06-07
VANGUARD S&P 500 ETF P 2015-05-28 2023-11-29
VIRTUS ALPHASIMPLEX MANAGED FUTURES P 2023-06-07 2023-11-29
DODGE & COX INCOME FUND P 2019-08-28 2023-06-07
VIRTUS ALPHASIMPLEX MANAGED FUTURES P 2023-06-07 2023-12-27
GRANDEUR PEAK INTERNATIONAL OPP FUND P 2013-09-26 2023-06-07
VIRTUS ALPHASIMPLEX MANAGED FUTURES P 2023-06-28 2023-12-27
GRANDEUR PEAK INTERNATIONAL OPP FUND P 2014-02-25 2023-06-07
(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 435,334   450,000 -14,666
b 110,677   120,000 -9,323
c 109,345   110,000 -655
d 150,718   150,139 579
e 282,438   450,000 -167,562
81,891   140,000 -58,109
195,596   195,575 21
274,458   9,147 265,311
366,470   359,388 7,082
49,313   49,931 -618
352,784   355,667 -2,883
435,000   450,000 -15,000
74,628   70,540 4,088
22,069   22,196 -127
310,161   360,597 -50,436
740,055   769,252 -29,197
156,023   132,947 23,076
13,169   15,060 -1,891
463,306   500,441 -37,135
326,675   274,321 52,354
284,410   201,937 82,473
16,978   16,509 469
62,911   50,000 12,911
71,852   50,000 21,852
8,955   8,646 309
95,587   75,000 20,587
107,839   75,000 32,839
23,069   21,917 1,152
82,514   100,000 -17,486
35,190   32,569 2,621
11,044   10,542 502
895,879   1,000,000 -104,121
49,541   24,322 25,219
419,940   450,000 -30,060
179,046   200,000 -20,954
401,428   186,402 215,026
121,323   127,743 -6,420
174,384   200,000 -25,616
116,364   122,257 -5,893
107,051   100,000 7,051
310,288   325,000 -14,712
378,637   383,172 -4,535
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       -14,666
b       -9,323
c       -655
d       579
e       -167,562
      -58,109
      21
      265,311
      7,082
      -618
      -2,883
      -15,000
      4,088
      -127
      -50,436
      -29,197
      23,076
      -1,891
      -37,135
      52,354
      82,473
      469
      12,911
      21,852
      309
      20,587
      32,839
      1,152
      -17,486
      2,621
      502
      -104,121
      25,219
      -30,060
      -20,954
      215,026
      -6,420
      -25,616
      -5,893
      7,051
      -14,712
      -4,535
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 2 159,516
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 -140,904
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 5,902
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  
3 Add lines 1 and 2........................... 3 5,902
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,902
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 7,500
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,598
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,598 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.AVDOWFAMILYFOUNDATION.ORG
14
The books are in care ofright arrowMR RUDY RADOSA Telephone no.right arrow (989) 839-7444

Located atright arrow315 POST STREETMIDLANDMI ZIP+4right arrow48640
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MICHAEL LLOYD DOW PRES/TRUSTEE
000.00 		0 0 0
7232 BOYNE CITY ROAD
CHARLEVOIX,MI49720
BONNIE KENDALL MILLS TREASURER/TR
000.00 		0 0 0
4702 SHADOW LANE
AUSTIN,TX78731
MICHAEL LORENCE DOW TRUSTEE
000.00 		0 0 0
1977 W OUTER DRIVE
TRAVERSE CITY,MI49684
CHRISTOPHER B MILLS SECRETARY
000.00 		0 0 0
2304 JANIN WAY
SOLVANG,CA93463
BARBARA DOW CARRAS TRUSTEE
000.00 		0 0 0
2301 W SUGNET RD
MIDLAND,MI48640
JOHN CARRAS TRUSTEE
000.00 		0 0 0
3701 VALLEY DRIVE
MIDLAND,MI48640
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right 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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
14,008,232
b
Average of monthly cash balances.......................
1b
900,680
c
Fair market value of all other assets (see instructions)................
1c
582,936
d
Total (add lines 1a, b, and c).........................
1d
15,491,848
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
15,491,848
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
232,378
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
15,259,470
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
762,974
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
762,974
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,902
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,902
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
757,072
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
757,072
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
757,072
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
896,606
b
Program-related investments—total from Part VIII-B..................
1b
 
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
896,606
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 7 757,072
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 13,840
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 896,606
a Applied to 2022, but not more than line 2a 13,840
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 757,072
e Remaining amount distributed out of corpus 125,694
5 Excess distributions carryover applied to 2023.    
(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 5 125,694
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		125,694
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 125,694
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICAN NATIONAL RED CROSS

220 W MAIN ST 104
MIDLAND,MI48640 		NONE PC OPERATING 10,000

BIG BROTHERS BIG SISTERS

2200 N SAGINAW ROAD
MIDLAND,MI48640 		NONE PC OPERATING 30,000

CAN COUNCIL GREAT LAKES BAY REGION

1311 N MICHIGAN AVE
SAGINAW,MI48602 		NONE PC OPERATING 20,000

CAN COUNCIL SAGINAW COUNTY

1311 N MICHIGAN AVE
SAGINAW,MI48602 		NONE PC OPERATING 810

CHEMICAL CITY BAND

333 W ELLSWORTH STREET
MIDLAND,MI48640 		NONE PC OPERATING 3,000

CHILD & FAMILY SERVICES OF SAGINAW

2838 AUTOMOTIVE CENTRE RD
SAGINAW,MI48603 		NONE PC OPERATING 35,000

CHIPPEWA NATURE CENTER

400 S BADOUR RD
MIDLAND,MI48640 		NONE PC OPERATING 190,000

EAST SIDE SOUP KITCHEN

940 E GENESEE AVE
SAGINAW,MI48607 		NONE PC OPERATING 5,000

FAMILY & CHILDREN'S SERVICES

2838 AUTOMOTIVE CENTRE RD
SAGINAW,MI48603 		NONE PC OPERATING 40,024

GLADWIN COMMUNITY SERVICES CORP

215 SOUTH ANTLER
GLADWIN,MI48624 		NONE PC OPERATING 20,000

GREAT LAKES DISCOVERY CTR & PIER

13271 S W BAY SHORE DR
TRAVERSE CITY,MI49684 		NONE PC OPERATING 2,500

GREATER MIDLAND COLEMAN FAMILY CENT

4839 N COLEMAN SCHOOLS D
COLEMAN,MI48618 		NONE PC OPERATING 30,000

GREATER MIDLAND NORTH FAMILY CENTER

2601 E SHEARER RD
MIDLAND,MI48642 		NONE PC OPERATING 30,000

HOLY FAMILY EPISCOPAL CHURCH

4611 SWEDE AVE
MIDLAND,MI48642 		NONE PC OPERATING 10,000

INLAND SEAS EDUCATION ASSOCIATION

100 DAME STREET
SUTTONS BAY,MI49682 		NONE PC OPERATING 50,000

INTERLOCHEN ARTS ACADEMY

4000 HIGHWAY M-137
INTERLOCHEN,MI48643 		NONE PC OPERATING 50,000

JUNIOR ACHIEVEMENT OF NORTH CENTRAL

309 E INDIAN ST
MIDLAND,MI48640 		NONE PC OPERATING 5,000

KALAMAZOO NATURE CENTER

7000 N WESTNEDGE AVE
KALAMAZOO,MI49009 		NONE PC OPERATING 15,000

KING'S DAUGHTERS CHRISTMAS CLOSET

2410 RODD ST
MIDLAND,MI48640 		NONE PC OPERATING 10,000

LISTENING EAR CRISIS CENTER

107 ILLINOIS ST
MOUNT PLEASANT,MI48858 		NONE PC OPERATING 15,000

MARY FREE BED REHABILITATION HOSPIT

700 COOPER AVE STE 1100
SAGINAW,MI48602 		NONE PC OPERATING 25,000

MYMICHIGAN HEALTH FOUNDATION

4000 WELLNESS DR
MIDLAND,MI48670 		NONE PC OPERATING 30,000

PLANNED PARENTHOOD OF MI

PO BOX 3673
ANN ARBOR,MI48106 		NONE PC OPERATING 20,000

RAYOLA INC

3048 CURTIS CT
WEST BRANCH,MI48661 		NONE PC OPERATING 10,000

READ ASSOCIATION OF SAGINAW

100 S JEFFERSON AVE 401
SAGINAW,MI48607 		NONE PC OPERATING 10,000

SHELTERHOUSE

2500 WALDO AVE
MIDLAND,MI48642 		NONE PC OPERATING 30,000

THE LEGACY CENTER

2417 ABBOTT RD
MIDLAND,MI48642 		NONE PC OPERATING 15,000

UNDERGROUND RAILROAD

5647 STATE STREET
SAGINAW,MI48603 		NONE PC OPERATING 25,000

YWCA GREAT LAKES BAY REGION

1104 WASHINGTON AVE
BAY CITY,MI48708 		NONE PC OPERATING 25,000

STUDIO 23THE ARTS CENTER

901 N WATER ST
BAY CITY,MI48708 		NONE PC OPERATING 5,000

TEENAGE MUSICALS

PO BOX 1563
MIDLAND,MI48641 		NONE PC OPERATING 1,000

THE LITTLE FORKS CONSERVANCY

105 POST ST
MIDLAND,MI48640 		NONE PC OPERATING 30,000

TRAVERSE AREA SAILING

650 HANNAH AVE
TRAVERSE CITY,MI49686 		NONE PC OPERATING 8,000
Total .................................right arrow 3a 805,334
bApproved for future payment
Total ................................. right arrow 3b  
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 8,019  
4 Dividends and interest from securities ....     14 323,633  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 22,930  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 159,516 -12,096
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRETURN OF GRANT MONEY 		    25 23,024  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   537,122 -12,096
13Total. Add line 12, columns (b), (d), and (e)..................
13
525,026
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION AND ACCOUNTING F 6,935 6,935    

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TY 2023 DepreciationSchedule
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
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
105 POST STREET LAND 1992-12-26 21,000              
1136 W. MAIN BLDG 1992-12-26 67,360 67,360 S/L 27.5000        
1136 W. MAIN LAND 1992-12-26 16,840              
115 POST STREET LAND 1992-12-26 19,600              
105 POST STREET BLDG 1992-12-26 84,000 84,000 S/L 27.5000        
1136 W MAIN HARDWIRE SMOKE DETECTORS 2010-09-09 789 354 S/L 27.5000 28 28    
COMPUTER EQUIPMENT 2010-12-22 1,777 1,777 S/L 5.0000        
105 POST - BOILER 2010-05-26 4,263 1,950 S/L 27.5000 155 155    
1136 W. MAIN ST. - CARPETING 2010-04-07 1,844 855 S/L 27.5000 67 67    
105 POST - CONCRETE RAMP/HANDRAIL ADA REVISIO 2010-09-09 21,550 9,665 S/L 27.5000 784 784    
105 POST CARPETING 2011-06-09 3,050 1,280 S/L 27.5000 111 111    
FRIDGERATOR 2011-08-12 303 303 200DB 5.0000        
105 POST ST. ROOF 2013-07-16 22,328 7,680 S/L 27.5000 811 811    
ROOF REPLACEMENT - 1136 2014-10-20 11,209 3,329 S/L 27.5000 407 407    
NEW FLOORING 2017-10-12 8,350 8,350 S/L 15.0000        
202 POST ST. LAND 2017-12-29 56,000              
202 POST ST BUILDING 2017-12-29 154,183 19,932 S/L 39.0000 3,953 3,953    
NEW SLANT STEAM BOILER INSTALLED 1136 MAIN ST 2018-11-19 5,700 846 S/L 27.5000 208 208    
RESURFACE DRIVEWAY AT 202 POST ST 2018-09-20 1,898 207 S/L 39.0000 48 48    
RESURFACE DRIVEWAY 202 POST STREET 2018-10-09 2,450 267 S/L 39.0000 63 63    
GAS RANGE FOR 202 POST STREET 2019-11-18 483 483 200DB 7.0000        
NEW ROOF 105 POST ST. 2020-04-30 9,300 9,300 S/L 15.0000        
TOILET INSTALLATION 1136 W MAIN ST 2020-07-10 475 42 S/L 27.5000 18 18    
GARAGE MAJOR REPAIR 202 POST STREET 2021-06-22 6,384 358 S/L 27.5000 232 232    
NEW REAR DOOR - 202 POST STREET 2022-06-10 1,927 38 S/L 27.5000 70 70    
WATER HEATER - 1136 W. MAIN ST. 2022-08-29 1,510 21 S/L 27.5000 54 54    
LENNOX FURNACE - 202 POST STREET 2022-12-28 4,500 7 S/L 27.5000 163 163    
NEW ROOF - 202 POST STREET 2023-08-25 19,840   S/L 27.5000 271 271    
202 POST ST BUILDING - ROOF 2017-12-29 14,152 1,829 S/L 39.0000 227 227    

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TY 2023 GainLossSaleOtherAssetsSch
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
202 POST ST BUILDING - ROOF 2017-12 PURCHASE 2023-08     14,152     -12,096 2,056

TY 2023 InvestmentsCorpBondsSchedule
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Name of Bond End of Year Book Value End of Year Fair Market Value
VANGUARD INTERM TERM CORPORATE BOND 145,924 150,531
VANGUARD INERM TERM TREASURY ADMIRAL 597,000 601,013
VANGUARD S/T INFLATION PROTECTED SEC 52,500 52,499
VANGUARD ST CORP BOND INDEX ADMIRAL 653,000 666,942

TY 2023 InvestmentsCorpStockSchedule
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Name of Stock End of Year Book Value End of Year Fair Market Value
BLACKROCK GLOBAL IMPACT FUND    
CORTEVA INC.    
DFA EMERGING MARKETS CORE EQUITY    
DODGE & COX GLOBAL STOCK FUNDS    
DODGE & COX INCOME FUND    
DOW INC. 16,814 337,540
GRANDEUR PEAKS    
LSV SMALL CAP FUND    
PAX GLOBAL ENVIRONMENTAL FUND    
PRIMECAP ODYSSEY AGGR GROWTH    
SANDS CAPITAL GLOBAL GROWTH FD    
VANGUARD MSCI EAFE ETF 1,113,487 1,356,241
VANGUARD S&P 500 ETF 3,242,877 7,302,422
ISHARES CORE MSCI EAFE ETF 268,392 285,129
ISHARES CORE MSCI EMERGING MARKET 1,332,146 1,435,663
ISHARES S&P MIDCAP 400 GROWTH ETF 361,616 399,110
ISHARES S&P SMALLCAP 600 GROWTH ETF 239,818 277,686
ISHARES TR S&P MIDCAP VALUE INDEX 355,607 410,772
ISHARES TR S&P SMALLCAP VALUE INDEX 238,991 282,721
PEAR TREE POLARIS FOREIGN VALUE FUND 205,000 217,288
WCM FOCUSED INTERNATION GROWTH FUND 206,392 214,514
ISHARES CONVERTIBLE BOND ETF 120,875 127,552
ISHARES PREFERRED & INCOME SECURITY 121,043 123,700
CREDIT SUISSE MANAGED FUTURES STRATE 400,000 396,158

TY 2023 LandEtcSchedule2
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
  435,473 225,847 209,626 511,216
  113,440   113,440 71,720


TY 2023 LegalFeesSchedule
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 6,446 6,446    


TY 2023 OtherExpensesSchedule
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INSURANCE 8,467 8,467    
SOFTWARE 6,965     6,965
FACILITIES 600 600    
DUES 4,300     4,300


TY 2023 OtherIncomeSchedule2
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RETURN OF GRANT MONEY 23,024    


TY 2023 OtherLiabilitiesSchedule
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Description Beginning of Year - Book Value End of Year - Book Value
PAYABLE 7,008  


TY 2023 OtherProfessionalFeesSchedule
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HUNTINGTON - CUSTODIAL 2,777 2,777    
INVESTMENT CONSULTING SERVICES 37,281 37,281    
CONSULTING 6,719 6,719    


TY 2023 TaxesSchedule
Name:
ALDEN AND VADA DOW FUND
EIN:
38-6058512
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 12,275      
TAXES 11,715      
STATE OF MICHIGAN LARA FEE 20