TY 2023 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	428,639
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	59,520	59,520
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		118,202
b	Gross sales price for all assets on line 6a 1,079,037
7	Capital gain net income (from Part IV, line 2)...		118,202
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).......
12	Total. Add lines 1 through 11........	606,361	177,722
	13	Compensation of officers, directors, trustees, etc.	9,629	3,852		5,777
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).......
c	Other professional fees (attach schedule)....					0
17	Interest...............				0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	18,932	1,621		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	518	318		200
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	29,079	5,791	0	5,977
25	Contributions, gifts, grants paid.......	58,326			58,326
26	Total expenses and disbursements. Add lines 24 and 25	87,405	5,791	0	64,303
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	518,956
b	Net investment income (if negative, enter -0-)		171,931
c	Adjusted net income (if negative, enter -0-)...			0

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.............	707	748	748
	2	Savings and temporary cash investments.........	170,403	84,586	84,586
	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)		List of Attached Documents: // Content 570,026	574,897
	b	Investments—corporate stock (attach schedule).......	725,507	List of Attached Documents: // Content 956,679	1,198,302
	c	Investments—corporate bonds (attach schedule).......	753,860	List of Attached Documents: // Content 335,301	329,999
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	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)	1,650,477	1,947,340	2,188,532
	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........	1,650,477	1,947,340
	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).....	1,650,477	1,947,340
	30	Total liabilities and net assets/fund balances (see instructions).	1,650,477	1,947,340

(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	637. WATSCO INC		2018-12-26	2023-03-09
b	686. WATSCO INC		2018-12-24	2023-03-09
c	909. ALTRIA GROUP INC		2020-11-11	2023-05-10
d	.627 KONINKLIJKE PHILIPS NV		2023-03-09	2023-05-22
e	1053. BRITISH AMERICAN TOBACCO PLC		2022-04-25	2023-08-28
	644. AT&T INC		2021-01-04	2023-10-16
	3903. AT&T INC		2022-04-25	2023-10-16
	1114. BAYER A G SPONSORED ADR		2022-04-05	2023-10-16
	3943. BAYER A G SPONSORED ADR		2022-04-25	2023-10-16
	2943. BAYER A G SPONSORED ADR		2023-03-09	2023-10-16
	80000. CHEVRON USA INC		2022-05-13	2023-10-16
	264. WALT DISNEY CO/THE		2022-08-05	2023-10-16
	701. WALT DISNEY CO/THE		2023-03-09	2023-10-16
	535. WALT DISNEY CO/THE		2022-06-16	2023-10-16
	1511. KENVUE INC		2023-08-29	2023-10-16
	842. KENVUE INC		2023-09-12	2023-10-16
	1174. BANK OF NEW YORK MELLON CORP/THE		2023-03-09	2023-11-01
	591. BANK OF NEW YORK MELLON CORP/THE		2021-03-24	2023-11-01
	235. BANK OF NEW YORK MELLON CORP/THE		2020-11-13	2023-11-01
	514. PFIZER INC		2021-04-13	2023-11-10
	896. PFIZER INC		2023-06-07	2023-11-10
	950. KONINKLIJKE PHILIPS NV		2023-03-09	2023-12-26
	40000. U.S. TREASURY NOTE		2020-01-08	2023-12-31
	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	193,544	85,715	107,829
b	208,432	91,300	117,132
c	41,637	35,851	5,786
d	13	10	3
e	34,608	43,952	-9,344
	9,296	14,314	-5,018
	56,339	75,518	-19,179
	12,755	19,841	-7,086
	45,147	68,657	-23,510
	33,697	45,106	-11,409
	80,000	80,000
	22,503	28,039	-5,536
	59,753	68,339	-8,586
	45,603	50,429	-4,826
	29,480	34,596	-5,116
	16,428	17,791	-1,363
	50,728	56,429	-5,701
	25,537	26,778	-1,241
	10,154	9,102	1,052
	15,097	19,044	-3,947
	26,318	34,801	-8,483
	21,959	15,223	6,736
	40,000	40,000
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9
			9

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			107,829
b			117,132
c			5,786
d			3
e			-9,344
			-5,018
			-19,179
			-7,086
			-23,510
			-11,409

			-5,536
			-8,586
			-4,826
			-5,116
			-1,363
			-5,701
			-1,241
			1,052
			-3,947
			-8,483
			6,736

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	118,202
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

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	2,390
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	2,390
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	2,390
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	8,691
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	8,691
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	6,301
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax2,392	Refunded	11	3,909

(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
BANK OF AMERICA N A	CO-TRUSTEE 1	9,629
PO BOX 1532 PENNINGTON,NJ08534

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

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

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					99,213
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				58,326
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: $ 64,303
a Applied to 2022, but not more than line 2a				58,326
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.....					5,977
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 ..........					93,236
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

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

NONE

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:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
P4L 1800 WEST LOOP S STE 1875 HOUSTON,TX770273209	NONE	PC	GENERAL OPERATING	58,326
Total ................................. 3a	58,326

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.)

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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

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	59,520
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	118,202
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				177,722

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.

Name of organization LESLIE MCFARLAND FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	LESLIE MCFARLAND FAMILY TRUST PO BOX 1532 PENNINGTON, NJ08534	$ 428,639	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

Name of organization LESLIE MCFARLAND FOUNDATION		Employer identification number 30-6665665

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	MARKETABLE SECURITIES	$ 399,678	2023-03-09
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)


(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

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
P4L 1800 WEST LOOP S STE 1875 HOUSTON,TX770273209	NONE	PC	GENERAL OPERATING	58,326
Total ................................. 3a				58,326

bApproved for future payment

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


Name of organization LESLIE MCFARLAND FOUNDATION			Employer identification number 30-6665665
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Name of Bond	End of Year Book Value	End of Year Fair Market Value
9127963U1 U.S. TREASURY BILL
912828YY0 U.S. TREASURY NOTE
912828YZ7 U.S. TREASURY NOTE
912828YW4 U.S. TREASURY NOTE
9128285U0 U.S. TREASURY NOTE
912796C31 U.S. TREASURY BILL
166756AM8 CHEVRON USA INC
912796S34 U.S. TREASURY BILL
09247XAL5 BLACKROCK INC	85,124	84,630
037833DN7 APPLE INC	80,987	80,114
037833CR9 APPLE INC	84,319	82,303
91282CAZ4 U.S. TREASURY NOTE
92826CAD4 VISA INC	84,871	82,952

Name of Stock	End of Year Book Value	End of Year Fair Market Value
084670108 BERKSHIRE HATHAWAY I
02209S103 ALTRIA GROUP INC
225401108 CREDIT SUISSE GROUP
780087102 ROYAL BANK OF CANADA
064058100 BANK OF NEW YORK MEL	97,290	104,100
500754106 KRAFT HEINZ CO/THE
084670702 BERKSHIRE HATHAWAYIN	31,665	62,772
14040H105 CAPITAL ONE FINANCIA	51,804	72,378
039483102 ARCHER-DANIELS-MIDLA
110122108 BRISTOL-MYERS SQUIBB	37,476	30,632
30231G102 EXXON MOBIL CORP
072730302 BAYER A G SPONSORED
294628102 EQUITY COMMONWEALTH
911312106 UNITED PARCEL SERVIC	21,007	31,918
00206R102 AT&T INC	73,621	76,299
717081103 PFIZER INC	40,354	40,594
780259107 ROYAL DUTCH SHELL PL
947890109 WEBSTER FINANCIAL CO	19,385	19,086
780259305 ROYAL DUTCH SHELL PL	23,194	44,349
828806109 SIMON PROPERTY GROUP	41,805	55,915
254687106 WALT DISNEY CO/THE	142,962	135,435
110448107 BRITISH AMERICAN TOB
191241108 COCA-COLA FEMSA S A	42,063	71,264
02079K305 ALPHABET INC SHS	160,297	217,916
49177J102 KENVUE INC	46,700	50,660
500472303 KONINKLIJKE PHILIPS	127,056	184,984

Description	Amount
FMV IN EXCESS OF COST OF CONTRIBUTION	222,663
CY PURCHASE OF ACCRUED INTEREST	235

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STATE TAXES/FILING FEES	200	0		200
OTHER INVESTMENT EXPENSES	318	318		0

Description	Amount
AMORT AND COST BASIS ADJ	573
PY PURCHASE OF ACCRUED INTEREST	232

Category	Amount	Net Investment Income
FOREIGN TAXES	1,621	1,621
FEDERAL TAX PAYMENT - PRIOR YE	8,700	0
FEDERAL ESTIMATES - PRINCIPAL	8,611	0

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