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
PATRICIA ANN EMBERG CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

30-1251567

B Telephone number (see instructions)

(855) 834-0350

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

$12,579,239J 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	(c) Adjusted net 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...	317,209		304,798
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		25,763
b	Gross sales price for all assets on line 6a 588,061
7	Capital gain net income (from Part IV, line 2)...			25,763
8	Net short-term capital gain.........				0
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	24,195	344
12	Total. Add lines 1 through 11........	367,167		330,905
13	Compensation of officers, directors, trustees, etc.	110,676		83,007		27,669
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,092	0	0	1,092
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	12,803	7,763		5,040
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	7,876	4,992		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	30	5		25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	132,477		95,767	0	33,826
25	Contributions, gifts, grants paid.......	550,000				550,000
26	Total expenses and disbursements. Add lines 24 and 25	682,477		95,767	0	583,826
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-315,310
b	Net investment income (if negative, enter -0-)			235,138
c	Adjusted net income (if negative, enter -0-)...				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.........	630,716	339,655	339,655
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......	2,069,921	List of Attached Documents: // Content 2,095,756	3,051,667
	c	Investments—corporate bonds (attach schedule).......	1,722,357	List of Attached Documents: // Content 1,703,326	1,589,104
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	7,316,361	List of Attached Documents: // Content 7,312,340	7,598,813
	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)	11,739,355	11,451,077	12,579,239
	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
		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........	11,739,355	11,451,077
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	11,739,355	11,451,077
	30	Total liabilities and net assets/fund balances (see instructions).	11,739,355	11,451,077

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

11,739,355

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

-315,310

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

List of Attached Documents:

// Content

33,639

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

11,457,684

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

6,607

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

11,451,077

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	20000. GLOBAL PAYMENTS INC 2.150% 1/15/27		2022-02-22	2023-01-23
b	40. LHC GROUP INC		2022-02-17	2023-02-03
c	63. ARISTA NETWORKS INC			2023-02-21
d	42. NVIDIA CORP			2023-02-21
e	11. TRANSDIGM GROUP INC			2023-02-21
	266. HOST HOTELS & RESORTS, INC.			2023-02-22
	35. MERITAGE HOMES CORPORATION			2023-02-22
	27. REINSURANCE GROUP AMER CLASS A NEW		2021-03-10	2023-02-22
	45. SONOCO PRODS CO		2021-03-10	2023-02-22
	82. WABTEC CORP		2021-03-10	2023-02-22
	71. WEBSTER FINL CORP WATERBURY CONN			2023-02-22
	30000. HP ENTERPRISE CO 1.450% 4/01/24			2023-03-07
	60000. US TREASURY NOTE 2.250% 12/31/23			2023-03-07
	.926 COLUMBIA BANKING SYSTEM INC		2021-08-18	2023-03-13
	107. HANNON ARMSTRONG SUSTAINABLE I		2021-08-18	2023-03-14
	2. CHIPOTLE MEXICAN GRILL INC		2021-10-14	2023-05-01
	49. META PLATFORMS INC			2023-05-01
	146. BLACKBAUD INC			2023-05-02
	152. AVISTA CORP			2023-05-17
	77. BOSTON PROPERTIES INC COM		2023-02-22	2023-05-17
	13. DECKERS OUTDOOR CORP		2020-10-30	2023-05-17
	170. SANDY SPRING BANCORP INC		2021-11-16	2023-05-17
	236. SYNEOS HEALTH INC			2023-05-17
	21. TRACTOR SUPPLY CO COM		2021-03-10	2023-05-17
	130. NANOSTRING TECHNOLOGIES INC		2022-05-19	2023-05-19
	80. NANOSTRING TECHNOLOGIES INC			2023-05-19
	51. AMAZON COM INC COM		2021-09-02	2023-06-05
	74. BOSTON SCIENTIFIC CORP COM		2022-02-18	2023-06-05
	297. FIDELITY NATL INFORMATION SVCS INC			2023-06-05
	100. XYLEM INC/NY			2023-06-27
	14. ALIGN TECHNOLOGY INC			2023-07-21
	83. XPO INC			2023-07-21
	.8 INVESCO GLOBAL LISTED PRIVAT ETF		2019-03-28	2023-07-31
	35. HUNT J B TRANS SVCS INC		2021-03-10	2023-08-15
	42. OMNICELL INC			2023-08-15
	76. QUANTA SVCS INC COM			2023-08-15
	20000. KEYCORP 2.550% 10/01/29		2022-02-22	2023-09-05
	15000. PNC FINANCIAL SERVIC 2.550% 1/22/30		2021-03-18	2023-09-05
	30000. SUNTRUST BANKS INC 4.000% 5/01/25		2021-03-23	2023-09-05
	20000. US TREASURY NOTE 2.500% 5/15/24		2021-03-18	2023-09-05
	25. ARISTA NETWORKS INC			2023-09-13
	2. BOOKING HOLDINGS INC		2019-03-28	2023-09-13
	69. QUANTA SVCS INC COM		2020-10-30	2023-09-22
	.3333 VERALTO CORP		2022-11-03	2023-10-23
	93. CHURCH & DWIGHT INC			2023-11-17
	52. INTERCONTINENTAL HOTELS-ADR		2022-11-18	2023-11-17
	27. LINCOLN ELECTRIC HOLDINGS COM			2023-11-17
	47. MERITAGE HOMES CORPORATION			2023-11-17
	21. CYBER-ARK SOFTWARE LTD/ISRAE		2021-12-17	2023-11-17
	78. APPLE INC			2023-11-29
	8. BROADCOM INC		2022-11-03	2023-11-29
	27. TRACTOR SUPPLY CO COM			2023-11-29
	37. VERALTO CORP			2023-11-29
	721. NORWEGIAN CRUISE LINE HOLDING			2023-11-29
	55000. US TREASURY NOTE 2.500% 5/15/24			2023-12-11
	6. BROADCOM INC		2021-03-08	2023-12-21
	9. COSTCO WHOLESALE CORP		2022-11-03	2023-12-21
	14. LULULEMON ATHLETICA INC		2020-10-26	2023-12-21
	38. PALO ALTO NETWORKS INC			2023-12-21
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	17,956	19,269	-1,313
b	6,350	5,143	1,207
c	8,520	4,271	4,249
d	8,818	6,631	2,187
e	8,127	6,584	1,543
	4,535	3,411	1,124
	3,770	3,065	705
	3,983	3,487	496
	2,610	2,807	-197
	8,603	6,130	2,473
	3,803	3,844	-41
	28,717	30,373	-1,656
	58,613	62,996	-4,383
	19	31	-12
	2,993	6,023	-3,030
	4,133	3,682	451
	11,624	12,569	-945
	9,852	8,467	1,385
	6,480	5,639	841
	3,766	5,316	-1,550
	6,115	3,296	2,819
	3,745	8,657	-4,912
	9,798	15,081	-5,283
	4,731	3,486	1,245
	732	2,011	-1,279
	451	3,777	-3,326
	6,403	8,827	-2,424
	3,794	3,158	636
	16,123	37,642	-21,519
	11,126	9,205	1,921
	4,744	6,904	-2,160
	5,548	2,994	2,554
	45	48	-3
	7,016	5,526	1,490
	2,780	4,958	-2,178
	15,385	5,442	9,943
	15,713	19,493	-3,780
	12,465	15,178	-2,713
	29,048	33,261	-4,213
	19,603	21,341	-1,738
	4,736	1,452	3,284
	6,277	3,921	2,356
	12,956	4,270	8,686
	24	28	-4
	8,609	7,902	707
	4,003	2,982	1,021
	5,252	3,241	2,011
	6,725	4,008	2,717
	3,979	3,530	449
	14,826	12,849	1,977
	7,531	3,571	3,960
	5,488	4,639	849
	2,750	2,262	488
	10,641	24,344	-13,703
	54,362	57,353	-2,991
	6,740	2,592	4,148
	5,958	4,409	1,549
	7,115	4,620	2,495
	11,349	4,302	7,047
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103
			30,103

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			-1,313
b			1,207
c			4,249
d			2,187
e			1,543
			1,124
			705
			496
			-197
			2,473
			-41
			-1,656
			-4,383
			-12
			-3,030
			451
			-945
			1,385
			841
			-1,550
			2,819
			-4,912
			-5,283
			1,245
			-1,279
			-3,326
			-2,424
			636
			-21,519
			1,921
			-2,160
			2,554
			-3
			1,490
			-2,178
			9,943
			-3,780
			-2,713
			-4,213
			-1,738
			3,284
			2,356
			8,686
			-4
			707
			1,021
			2,011
			2,717
			449
			1,977
			3,960
			849
			488
			-13,703
			-2,991
			4,148
			1,549
			2,495
			7,047

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	25,763
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	3,268
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	3,268
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,268
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	4,532
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

7	Total credits and payments. Add lines 6a through 6d..............		7	4,532
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	1,264
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax1,264	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

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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 .

Yes

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

The books are in care of right arrow

WELLS FARGO BANK NA Telephone no. right arrow

(800) 352-3705

Located at right arrow

100 N MAIN ST FL 5D4001-052WINSTONSALEMNC ZIP+4 right arrow

27101

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
WELLS FARGO BANK N A	TRUSTEE 1	110,676
100 N MAIN ST FL 5D4001-052 WINSTONSALEM,NC27101	TRUSTEE 1	110,676

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

11,445,090

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

513,238

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

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

11,958,328

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

11,958,328

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

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

179,375

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

11,778,953

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

588,948

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

588,948

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

3,268

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

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

3,268

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

585,680

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

32,847

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

618,527

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

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

618,527

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 ..........

583,826

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. .......

583,826

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					618,527
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				544,561
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	0
b From 2019......	0
c From 2020......	0
d From 2021......	0
e From 2022......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 583,826
a Applied to 2022, but not more than line 2a				544,561
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.....					39,265
e Remaining amount distributed out of corpus		0
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		0
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 ..........					579,262
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....	0
b Excess from 2020....	0
c Excess from 2021....	0
d Excess from 2022....	0
e Excess from 2023....	0

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).)

NONE

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.

NONE

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 e-mail address of the person to whom applications should be addressed:

CENTER FOR SCHOLARSHIP ADMIN
4320 WADE HAMPTON BLVD STE G
TAYLORS,SC29687
(864) 268-3363
ALLISON@CSA SCHOLARS.ORG

bThe form in which applications should be submitted and information and materials they should include:

APPLICATIONS MUST BE SUBMITTED ONLINE THROUGH THE CENTER FOR SCHOLARSHIP ADMINISTRATION WEBSITE

cAny submission deadlines:

MAY 17

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

HIGH SCHOOL SENIORS OR GRADUATES FROM NOTHEASTERN MINNESOTA OR NOTHWESTERN WISCONSIN, ATTENDING A SCHOOL IN NORTHEASTERN MINNESOTA OR NORTHWESTERN WISCONSIN.

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
MINNESOTA NORTH COLLEGE - ITASCA FBO CA 1851 E US HWY 169 GRAND RAPIDS,MN55744	NONE	I	SCHOLARSHIP	3,500
FOND DU LAC TRIBAL AND COMMUNITY COLLEGE 2101 14TH ST CLOQUET,MN55720	NONE	I	SCHOLARSHIP	3,500
MINNESOTA NORTH COLLEGE - HIBBING FBO R 1515 E 25TH STREET HIBBING,MN55746	NONE	I	SCHOLARSHIP	3,500
LAKE SUPERIOR COLLEGE FBO CONNOR BELL 2101 TRINITY RD DULUTH,MN55811	NONE	I	SCHOLARSHIP	3,500
LAKE SUPERIOR COLLEGE FBO GAIGE BRINGE 2101 TRINITY RD DULUTH,MN55811	NONE	I	SCHOLARSHIP	3,500
LAKE SUPERIOR COLLEGE FBO JOSEPH EKLUND 2101 TRINITY RD DULUTH,MN55811	NONE	I	SCHOLARSHIP	3,500
MINNESOTA NORTH COLLEGE- VERMILION CAMPU 1515 EAST 25TH STREET HIBBING,MN55746	NONE	I	SCHOLARSHIP	3,500
LAKE SUPERIOR COLLEGE FBO WYATT HALEY 2101 TRINITY RD DULUTH,MN55811	NONE	I	SCHOLARSHIP	3,500
LAKE SUPERIOR COLLEGE FBO EARL HENDRICK 2101 TRINITY RD DULUTH,MN55811	NONE	I	SCHOLARSHIP	3,500
LAKE SUPERIOR COLLEGE FBO BREKKEN MAAS 2101 TRINITY RD DULUTH,MN55811	NONE	I	SCHOLARSHIP	3,500
LAKE SUPERIOR COLLEGE FBO JOE MCGEE 2101 TRINITY RD DULUTH,MN55811	NONE	I	SCHOLARSHIP	3,500
LAKE SUPERIOR COLLEGE FBO JONAH SCHMIDT 2101 TRINITY RD DULUTH,MN55811	NONE	I	SCHOLARSHIP	3,500
MINNESOTA NORTH COLLEGE- VERMILION CAMPU 1515 EAST 25TH STREET HIBBING,MN55746	NONE	I	SCHOLARSHIP	3,500
NORTHWOOD TECH COLLEGE FBO SAMUEL TOWNS 1900 COLLEGE DRIVE RICE LAKE,WI54868	NONE	I	SCHOLARSHIP	3,500
FOND DU LAC TRIBAL AND COMMUNITY COLLEGE 2101 14TH ST CLOQUET,MN55720	NONE	I	SCHOLARSHIP	3,500
FOND DU LAC TRIBAL AND COMMUNITY COLLEGE 2101 14TH ST CLOQUET,MN55720	NONE	I	SCHOLARSHIP	3,500
MINNESOTA NORTH COLLEGE 1515 E 25TH ST HIBBING,MN55746	NONE	PC	GENERAL OPERATING	313,150
ITASCA AREA SCHOOLS COLLABORATIVE 101 1ST AVE NE DEER RIVER,MN56636	NONE	PC	GENERAL OPERATING	50,000
NORTHCENTRAL TECHNICAL COLLEGE FOUNDATIO 1000 W CAMPUS DR WAUSAU,WI544011880	NONE	PC	GENERAL OPERATING	28,050
NORTHWOOD TECHNICAL COLLEGE FOUNDATION I 1900 COLLEGE DR RICE LAKE,WI548682435	NONE	PC	GENERAL OPERATING	52,800
LAC COURTE OREILLES OJIBWE COLLEGE 13466 W TREPANIA ROAD HAYWARD,WI548432181	NONE	PC	VOCATIONAL TRADES	50,000
Total ................................. 3a				550,000

bApproved for future payment

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

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	317,209
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	25,763
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aSTATE TAX REFUND				22,851
bTAX REFUNDS & INTE				1,344
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				367,167

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

367,167

(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:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,092			1,092

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Name of Bond	End of Year Book Value	End of Year Fair Market Value
00287YAQ2 ABBVIE INC	32,677	29,457
036752AB9 ANTHEM INC	43,931	38,799
06051GGA1 BANK OF AMERICA CORP	32,253	28,544
06367WMQ3 BANK OF MONTREAL	41,720	39,410
110122DP0 BRISTOL-MYERS SQUIBB	30,137	26,648
126650DM9 CVS HEALTH CORP	28,949	26,645
14040HBN4 CAPITAL ONE FINANCIA	33,007	28,644
166764BW9 CHEVRON CORP	30,671	28,766
20030NDM0 COMCAST CORP	33,682	29,541
25389JAR7 DIGITAL REALTY TRUST	32,964	28,931
254687FL5 WALT DISNEY COMPANY/	29,347	26,618
29444UBL9 EQUINIX INC	28,894	26,316
38148LAE6 GOLDMAN SACHS GROUP	32,788	29,382
42824CBJ7 HP ENTERPRISE CO
46625HRV4 JPMORGAN CHASE & CO	32,133	28,577
548661DY0 LOWE'S COS INC	27,945	24,916
61746BEF9 MORGAN STANLEY	33,047	29,085
693475AZ8 PNC FINANCIAL SERVIC	15,178	13,122
78016EZM2 ROYAL BANK OF CANADA	30,074	27,809
78016EZQ3 ROYAL BANK OF CANADA	14,737	13,858
867914BS1 SUNTRUST BANKS INC
961214DW0 WESTPAC BANKING CORP	16,383	14,310
907818FU7 UNION PACIFIC CORP	14,806	13,039
9128282R0 US TREASURY NOTE	73,328	75,450
9128283W8 US TREASURY NOTE	70,893	62,134
9128284F4 US TREASURY NOTE	82,761	78,106
9128285M8 US TREASURY NOTE	39,401	33,811
9128286A3 US TREASURY NOTE	74,879	67,799
9128286T2 US TREASURY NOTE 2.3	79,918	74,150
9128286X3 US TREASURY NOTE	63,167	57,284
912828M56 US TREASURY NOTE	63,379	57,788
912828U24 US TREASURY NOTE 2.0	77,880	70,904
912828V23 US TREASURY NOTE
912828WJ5 US TREASURY NOTE 2.5
91282CBL4 US TREASURY NOTE	84,373	79,299
91282CDY4 US TREASURY NOTE 1.8	84,509	85,973
37940XAG7 GLOBAL PAYMENTS INC
49326EEJ8 KEYCORP
120568BB5 BUNGE LTD FINANCE CO	19,385	18,907
3135G04Z3 FED NATL MTG ASSN	44,534	42,464
31428XCD6 FEDEX CORP	18,919	17,214
023135CH7 AMAZON.COM INC	27,978	28,577
037833EV8 APPLE INC	24,291	25,388
256677AP0 DOLLAR GENERAL CORP	9,816	10,178
458140CA6 INTEL CORP	14,233	14,658
67103HAL1 O'REILLY AUTOMOTIVE	23,638	24,730
91282CGQ8 US TREASURY NOTE	80,189	80,378
91282CJJ1 US TREASURY NOTE	30,532	31,495

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Name of Stock	End of Year Book Value	End of Year Fair Market Value
G1151C101 ACCENTURE PLC	15,765	24,564
02079K107 ALPHABET INC CL C	89,742	154,036
05379B107 AVISTA CORP
05550J101 BJ'S WHOLESALE CLUB	10,387	17,265
09227Q100 BLACKBAUD INC
09857L108 BOOKING HOLDINGS INC	13,622	24,831
101137107 BOSTON SCIENTIFIC CO	26,734	38,386
109194100 BRIGHT HORIZONS FAMI	16,789	12,345
11135F101 BROADCOM INC	17,536	70,324
122017106 BURLINGTON STORES IN	14,599	15,364
13645T100 CANADIAN PAC RY LTD
15135B101 CENTENE CORP DEL	24,882	30,946
169656105 CHIPOTLE MEXICAN GRI	25,668	41,165
171340102 CHURCH & DWIGHT INC
21036P108 CONSTELLATION BRANDS	27,512	30,461
235851102 DANAHER CORP	26,736	35,626
243537107 DECKERS OUTDOOR CORP	8,580	24,063
252131107 DEXCOM INC	36,552	58,198
27579R104 EAST WEST BANCORP IN	9,665	16,189
278865100 ECOLAB INC	21,920	24,992
532457108 ELI LILLY & CO COM	11,411	40,804
29670G102 ESSENTIAL UTILITIES	5,436	4,856
518439104 ESTEE LAUDER COMPANI	30,434	19,744
30303M102 META PLATFORMS INC	50,294	94,861
31620M106 FIDELITY NATL INFORM
336433107 FIRST SOLAR INC	3,514	7,753
339041105 FLEETCOR TECHNOLOGIE	32,998	37,587
34964C106 FORTUNE BRANDS INNOV	21,550	29,847
410867105 HANOVER INS GROUP IN	10,710	12,021
428291108 HEXCEL CORP NEW COM	7,757	13,423
440327104 HORACE MANN EDUCATOR	8,251	6,965
445658107 HUNT J B TRANS SVCS	7,976	12,983
45688C107 INGEVITY CORP	8,273	6,233
45866F104 INTERCONTINENTAL EXC	25,528	33,135
44980X109 IPG PHOTONICS CORP	20,352	13,676
48020Q107 JONES LANG LASALLE I	11,616	15,865
513272104 LAMB WESTON HOLDINGS	12,270	19,564
50187A107 LHC GROUP INC
533900106 LINCOLN ELECTRIC HOL	7,295	15,222
501889208 LKQ CORP	4,215	6,308
50212V100 LPL FINANCIAL HOLDIN	8,477	18,892
550021109 LULULEMON ATHLETICA	23,115	37,324
56418H100 MANPOWERGROUP INC	8,228	6,914
59001A102 MERITAGE HOMES CORPO
594918104 MICROSOFT CORP	107,390	219,607
596278101 MIDDLEBY CORP	13,401	15,306
617446448 MORGAN STANLEY	17,758	30,586
553498106 MSA SAFETY INC	14,264	16,714
63009R109 NANOSTRING TECHNOLOG
64110L106 NETFLIX INC	24,858	38,464
650111107 NEW YORK TIMES CO CL	13,735	15,383
G66721104 NORWEGIAN CRUISE LIN
67066G104 NVIDIA CORP	43,751	113,901
686688102 ORMAT TECHNOLOGIES I	10,674	10,611
697435105 PALO ALTO NETWORKS I	9,888	42,758
70975L107 PENUMBRA INC	10,819	10,816
73278L105 POOL CORPORATION	14,683	21,530
759351604 REINSURANCE GROUP AM	7,024	10,354
775133101 ROGERS CORP COM	9,748	8,981
78409V104 S&P GLOBAL INC	22,532	35,242
79466L302 SALESFORCE INC	37,318	57,365
81762P102 SERVICENOW INC	36,367	52,280
831865209 SMITH A O CORP CL B	6,551	9,563
835495102 SONOCO PRODS CO	6,837	6,984
860630102 STIFEL FINANCIAL COR	6,867	9,681
87166B102 SYNEOS HEALTH INC
88162G103 TETRA TECH INC NEW	8,898	13,855
892356106 TRACTOR SUPPLY CO CO	19,926	39,135
893641100 TRANSDIGM GROUP INC	14,952	28,325
89531P105 TREX COMPANY INC	7,981	8,859
896239100 TRIMBLE INC	33,160	32,665
90384S303 ULTA BEAUTY INC	23,754	38,219
904214103 UMPQUA HOLDINGS CORP
92532F100 VERTEX PHARMACEUTICA	16,491	34,586
92826C839 VISA INC-CLASS A SHR	47,952	65,348
929740108 WABTEC CORP	9,343	18,654
947890109 WEBSTER FINL CORP WA	11,496	15,025
983793100 XPO INC	10,888	30,043
98419M100 XYLEM INC/NY
001084102 AGCO CORP COM	31,405	26,953
016255101 ALIGN TECHNOLOGY INC	17,053	18,906
01749D105 ALLEGRO MICROSYSTEMS	12,901	15,377
023135106 AMAZON COM INC COM	100,862	145,255
037833100 APPLE INC	82,715	204,659
040413106 ARISTA NETWORKS INC	8,725	39,801
114340102 AZENTA INC	8,447	5,928
16679L109 CHEWY INC	30,195	13,304
358039105 FRESHPET INC	8,797	7,808
36262G101 GXO LOGISTICS INC	13,665	21,284
41068X100 HANNON ARMSTRONG SUS
679295105 OKTA INC	40,250	24,805
70438V106 PAYLOCITY HOLDING CO	14,322	9,891
74762E102 QUANTA SVCS INC COM
800363103 SANDY SPRING BANCORP
81725T100 SENSIENT TECHNOLOGIE	12,359	9,372
90138F102 TWILIO INC	39,385	18,285
977852102 WOLFSPEED INC	15,937	9,659
M2682V108 CYBER-ARK SOFTWARE L	12,476	17,086
83417M104 SOLAREDGE TECHNOLOGI	12,662	4,680
038336103 APTARGROUP INC COM	8,746	10,013
45857P806 INTERCONTINENTAL HOT	5,620	8,936
46120E602 INTUITIVE SURGICAL I	28,471	38,122
52736R102 LEVI STRAUSS & CO	7,670	5,574
53803X105 LIVE OAK BANCSHARES	11,513	10,010
589889104 MERIT MEDICAL SYS IN	13,442	16,179
058498106 BALL CORP	11,227	11,562
22160K105 COSTCO WHOLESALE COR	20,127	28,383
237266101 DARLING INGREDIENTS	10,218	6,978
29786A106 ETSY INC	15,732	11,995
001744101 AMN HEALTHCARE SERVI	10,187	6,290
05351W103 AVANGRID INC	6,249	5,250
127387108 CADENCE DESIGN SYSTE	17,132	24,241
13646K108 CANADIAN PACIFIC KAN	26,280	31,071
197236102 COLUMBIA BANKING SYS	8,787	9,338
25754A201 DOMINOS PIZZA INC	8,880	9,481
426281101 HENRY JACK & ASSOC I	10,901	11,112
55405W104 MYR GROUP INC/DELAWA	12,915	13,595
579780206 MCCORMICK & CO INC N	6,663	6,910
74834L100 QUEST DIAGNOSTICS IN	13,089	13,512
88339J105 TRADE DESK INC/THE	30,449	32,310
920253101 VALMONT INDS INC	14,140	11,442
G4705A100 ICON PLC	9,467	12,738

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
78463X863 SPDR DJ WILSHIRE INT	AT COST	268,665	185,872
78464A607 SPDR DOW JONES REIT	AT COST	366,781	334,001
922908553 VANGUARD REAL ESTATE	AT COST	195,635	201,019
03875R205 ARBITRAGE FUND CLASS	AT COST	250,000	242,920
742537236 PRINCIPAL GL MULT ST	AT COST	300,000	276,651
46090F100 INVESCO OPTIMUM YIEL	AT COST	258,006	230,675
46137V589 INVESCO GLOBAL LISTE
464287234 ISHARES MSCI EMERGIN	AT COST	490,733	475,885
464287465 ISHARES MSCI EAFE ET	AT COST	857,228	955,815
464287473 ISHARES RUSSELL MID-	AT COST	478,275	565,518
464287481 ISHARES RUSSELL MID-	AT COST	358,015	471,741
464288885 ISHARES MSCI EAFE GR	AT COST	129,090	155,444
502175102 LTC PROPERTIES INC C	AT COST	7,444	6,520
64128R608 NEUBERGER BERMAN LON	AT COST	250,000	265,880
68213N109 OMNICELL INC	AT COST	17,548	8,617
704329242 PAYDEN EMER MRKT BON	AT COST	590,000	543,283
72201F516 PIMCO E/M LCL CUR &	AT COST	195,000	214,215
133131102 CAMDEN PPTY TR SH BE	AT COST	10,892	9,929
256219106 DODGE & COX STOCK FU	AT COST	1,035,941	1,294,006
277276101 EASTGROUP PPTYS INC	AT COST	9,449	12,664
313745101 FEDERAL REALTY INVES	AT COST	4,224	4,019
31420B847 FED HER OPP HIGH YIE	AT COST	425,000	433,333
44107P104 HOST HOTELS & RESORT
00143W859 INV OPP DEVELOP MRKT	AT COST	545,291	439,865
00191K609 AQR MANAGED FUTURES	AT COST	250,000	249,971
229663109 CUBESMART	AT COST	7,067	8,343
46137V118 INVESCO GLOBAL LISTE	AT COST	12,056	12,627

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Description	Amount
MUTUAL FUND TIMING ADJ	531
CY PURCHASE OF ACCRUED INTEREST	629
ROC ON CY SALES	2
PY RETURN OF CAPITAL ADJUSTMENT	2,670
TAX LOT BASIS ADJUSTMENT	2,422
COST BASIS ADJ	353

- TIN:

TY 2023 OtherExpensesSchedule

Name:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FILING FEE/STATE TAX	25	0		25
INVESTMENT EXPENSES - ADR FEES	5	5		0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Description	Revenue And Expenses Per Books	Net Investment Income
STATE TAX REFUND	22,851	0
LOSS OF USE OF FUNDS	1,000	0
INTEREST ON LOSS OF USE OF FUNDS	344	344

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Description	Amount
RECOVERY OF GRANTS PAID	32,847
PY PURCHASE OF ACCRUED INTEREST	792

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED	7,763	7,763
SCHOLARSHIP ADMIN FEES	5,040			5,040

- TIN:

TY 2023 TaxesSchedule

Name:

PATRICIA ANN EMBERG CHARITABLE TRUST

EIN:

30-1251567

Category	Amount	Net Investment Income
FOREIGN TAXES	4,052	4,052
FEDERAL ESTIMATES - PRINCIPAL	2,884	0
FOREIGN TAXES ON NONQUALIFIED	940	940