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
W A WOLFE JR AND PHYLLIS P WOLFE
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)525 FEDERAL STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLUEFIELD, WV24701
A Employer identification number

55-0684389
B Telephone number (see instructions)

(304) 324-3236
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$4,319,085J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 92,196 92,196  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -31,000
b Gross sales price for all assets on line 6a 1,280,494
7 Capital gain net income (from Part IV, line 2)...  
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
12,000   12,000
12 Total. Add lines 1 through 11........ 73,196 92,196 12,000
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 26,472 26,472    
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
975 975    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,011 25    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,458 27,472   0
25 Contributions, gifts, grants paid....... 205,250 205,250
26 Total expenses and disbursements. Add lines 24 and 25 233,708 27,472   205,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -160,512
b Net investment income (if negative, enter -0-) 64,724
c Adjusted net income (if negative, enter -0-)... 12,000
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......... 79,135 48,139 48,139
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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)....... 2,271,516 Click to see attachment
List of Attached Documents:
// Content
2,212,216 		3,230,506
c Investments—corporate bonds (attach schedule)....... 1,172,707 Click to see attachment
List of Attached Documents:
// Content
1,102,491 		1,040,440
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 arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,523,358 3,362,846 4,319,085
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)    
23 Total liabilities (add lines 17 through 22).........   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........ 3,523,358 3,362,846
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)..... 3,523,358 3,362,846
30 Total liabilities and net assets/fund balances (see instructions). 3,523,358 3,362,846
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
3,523,358
2
Enter amount from Part I, line 27a .....................
2
-160,512
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,362,846
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
3,362,846
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 465 SHS ISHARES US ETF P 2020-06-13 2023-06-09
b 312 SHS ISHARES MSCI USA P 2018-07-15 2023-06-09
c 150 SHS LAUDER ESTEE COS P 2021-09-14 2023-06-09
d FEDERATED HERMES GOVERMENT P 2020-06-13 2023-06-30
e 238 SHS CARRIER GLOBAL GOVT P 2018-03-21 2023-09-21
370 SHS EFTMG PRIME MOBILE PMTS P 2018-06-15 2023-09-21
3250 SHS ISHARES 1-3 YEAR TREAS BOND P 2020-09-12 2023-09-21
660 SHS ISHARES MBS ETF P 2018-02-19 2023-09-21
2400 SHS ISHARES US ETF TR P 2018-07-31 2023-09-21
119 SHS OTIS WORLDWIDE CORP P 2019-11-04 2023-09-21
1570 SHS SPDR BLACKSTONE SENIOR P 2016-06-16 2023-09-21
300 SHS VANECK AGRIBUSINESS P 2020-04-12 2023-09-21
FEDERATED HERMES GOVERNMENT P 2021-11-18 2023-09-30
(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 23,027   23,352 -325
b 42,669   37,847 4,822
c 27,116   30,521 -3,405
d 115,662   115,662  
e 12,726   5,137 7,589
15,059   22,014 -6,955
262,630   280,573 -17,943
59,697   71,643 -11,946
119,449   120,528 -1,079
9,754   7,836 1,918
65,893   71,810 -5,917
24,481   22,240 2,241
502,331   502,331  
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       -325
b       4,822
c       -3,405
d        
e       7,589
      -6,955
      -17,943
      -11,946
      -1,079
      1,918
      -5,917
      2,241
       
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 -31,000
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 900
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........................... 3 900
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- ..... 5 900
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
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  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 52
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 952
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   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 arrowWV
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 arrowN/A
14
The books are in care ofright arrowSUMMIT COMMUNITY BANK Telephone no.right arrow (304) 324-3236

Located atright arrow525 FEDERAL STREETBLUEFIELDWV ZIP+4right arrow24701
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
 
 
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
SUMMIT COMMUNITY BANK TRUSTEE
5.00 		26,472 0 0
525 FEDERAL STREET
BLUEFIELD,WV24701
FRANK W WILKINSON PRESIDENT
1.00 		0 0 0
102 CALLAWAY CIRCLE
BLUEFIELD,VA24605
JULIE JOHNSON VICE PRESIDE
1.00 		0 0 0
2613 BLAND ROAD
BLUEFIELD,WV24701
J RONALD HYPES DIRECTOR
1.00 		0 0 0
644 MERCER MALL ROAD
BLUEFIELD,WV24701
AMY S HAVENS DIRECTOR
1.00 		0 0 0
2098 DRY FORK ROAD
ROCKY GAP,VA24366
KATHERINE S SHOTT DIRECTOR
1.00 		0 0 0
422 OAKHURST AVENUE
BLUEFIELD,WV24701
CHRIS SHOEMAKER DIRECTOR
1.00 		0 0 0
615 SUMMIT STREET
BLUEFIELD,VA24605
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
4,123,965
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,123,965
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
4,123,965
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
61,859
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,062,106
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
203,105
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
203,105
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
900
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
900
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
202,205
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
202,205
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
202,205
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
205,250
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
205,250
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 7 202,205
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 170,136
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$ 205,250
a Applied to 2022, but not more than line 2a 170,136
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..... 35,114
e Remaining amount distributed out of corpus  
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  
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 .......... 		167,091
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 ...... 		 
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....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ELIZABETH C SUDDUTH
525 FEDERAL STREET
BLUEFIELD,WV24701
(304) 324-3236
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
AWARDS RESTRICTED TO RESIDENTS LIVING IN SPECIFIC COUNTIES IN WV AND VA
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
ABIGAIL QUESENBERRY


7589 HERNDON ROAD
HERNDON,WV24726 		NONE NONE EDUCATIONAL 1,500
ADALINE NOLLEY


6621 LAUREL FORK ROAD
ROCKY GAP,VA24366 		NONE NONE EDUCATIONAL 2,250
AIDAN ASH


218 COLLEGE AVENUE
PRINCETON,WV24740 		NONE NONE EDUCATIONAL 1,000
ALEXA SAYLES


540 KIRBY ADDITION ROAD
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 1,000
ALEXANDER WHITE


610 CARDINAL STREET
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 1,000
ALEXIS SCARBERRY


PO BOX 92
VANSANT,VA24656 		NONE NONE EDUCATIONAL 3,750
ALISON CASSELL


169 YELLOW TOWN LANE
ENGLISH,WV24892 		NONE NONE EDUCATIONAL 3,000
AMBER CRABTREE


795 YUKON AVENUE
WAR,WV24892 		NONE NONE EDUCATIONAL 2,500
AMELYA BOSTIC


PO BOX 834
VANSANT,VA24656 		NONE NONE EDUCATIONAL 3,000
AMY VEST


236 MAPLE AVE BOX 865
PINEVILLE,WV24874 		NONE NONE EDUCATIONAL 2,500
ANDREA GRAHAM


805 GARLAND STREET
PRINCETON,WV24740 		NONE NONE EDUCATIONAL 2,500
ANNA PAULEY


2224 WALKERS CREEK ROAD
BLAND,VA24315 		NONE NONE EDUCATIONAL 2,000
AVREE COOK


PO BOX 187
ROCKY GAP,VA24366 		NONE NONE EDUCATIONAL 2,000
BENJAMIN WHITE


610 CARDINAL STREET
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 1,000
BRENDAN BLANKENSHIP


281 AGEE HOLLOW ROAD
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 1,500
CHLOE DUDGEON


337 MAPLE AVENUE
WELCH,WV24801 		NONE NONE EDUCATIONAL 2,000
CHRISTIAN YATES


300 PARKVIEW DRIVE
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 3,000
CHRISTOPHER HARVEY


73 PIERPONT ROAD
MABEN,WV25870 		NONE NONE EDUCATIONAL 1,500
CODY WILEY


76 PIER PONT ROAD
MABEN,WV25870 		NONE NONE EDUCATIONAL 3,000
DANIEL ADKINS


241 RAYSAL HOLLOW ROAD
RAYSAL,WV24879 		NONE NONE EDUCATIONAL 2,250
DAPHNE RATLIFF


PO BOX 113
PILGRIMS KNOB,VA24634 		NONE NONE EDUCATIONAL 1,500
DAVID CYPHERS


8082 MARSHALL HIGHWAY
RAYSAL,WV24879 		NONE NONE EDUCATIONAL 1,000
ELIJAH SARVER


604 ASHLEY WAY
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 500
EMILEA JUSTICE


236 ESTEP AVENUE
RAYSAL,WV24899 		NONE NONE EDUCATIONAL 3,000
EMILEE WALKER


PO BOX 580
DAVY,WV24828 		NONE NONE EDUCATIONAL 1,000
EMILY LESTER


14861 SLATE CREEK ROAD
GRUNDY,VA24614 		NONE NONE EDUCATIONAL 2,500
EMMA LARGEN


700 OAKHURST AVENUE
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 2,000
EMMA WORKMAN


169 FINCH AVENUE
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 1,500
ERICA HANCOCK


815 AUGUSTA STREET
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 1,500
ETHAN HARVEY


1081 EVANGELISM ROAD
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 2,500
HAILEY DAVIDSON


111 JAVED LANE
POUNDING MILL,VA24637 		NONE NONE EDUCATIONAL 1,500
HAILEY MORGAN


PO BOX 315
CLEAR FORK,WV24822 		NONE NONE EDUCATIONAL 1,500
HALEIGH PARSONS


809 MCGRAWS ROAD
SAULSVILLE,WV25876 		NONE NONE EDUCATIONAL 1,000
HALEY CONAWAY


1855 OLD GREENBRIER RD
HAYSI,VA24256 		NONE NONE EDUCATIONAL 500
HANNAH CATRON


468 HILLCREST DRIVE
PRINCETON,WV24740 		NONE NONE EDUCATIONAL 1,000
HANNAH G BAILEY


976 LITTLE CREEK ROAD
CLEAR FORK,WV24822 		NONE NONE EDUCATIONAL 2,500
HANNAH HASS


2656 TIP TOP ROAD
NORTH TAZEWELL,VA24630 		NONE NONE EDUCATIONAL 4,000
HANNAH MASSIE


42 BROWNING STREET
BRENTON,WV24818 		NONE NONE EDUCATIONAL 5,000
HANNAH MCMILLION


131 MISTLETOE LANE
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 1,500
HANNAH SHOCKLEY


118 POST ROAD
FALLS MILLS,VA24613 		NONE NONE EDUCATIONAL 2,000
ISAIAH RIFE


PO BOX 34
BISHOP,VA24604 		NONE NONE EDUCATIONAL 2,500
JAALA MAURER


350 VALLEY VIEW LANE
BLAND,VA24315 		NONE NONE EDUCATIONAL 3,000
JARED BISHOP


PO BOX 746
PRINCETON,WV24740 		NONE NONE EDUCATIONAL 500
JARED SANDY


PO BOX 278
BUD,WV24716 		NONE NONE EDUCATIONAL 1,000
JOE TYSON


603 QUAIL DRIVE
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 1,000
JONATHAN DAVIS


606 KISER ROAD
TAZEWELL,VA24651 		NONE NONE EDUCATIONAL 1,000
JONATHAN DU


114 WINDSON CIRCLE
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 1,000
JULIANNA BROWN


PO BOX 235
JESSEE,WV24849 		NONE NONE EDUCATIONAL 500
JUSTIN LESTER


PO BOX 492
GHENT,WV25843 		NONE NONE EDUCATIONAL 2,000
KADEN VANOVER


1327 ELKINS BRANCH ROAD
GRUNDY,VA24614 		NONE NONE EDUCATIONAL 1,500
KAITLYN BAILEY


260 CHARWOOD AVE
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 500
KASSI DIFFENBACH


1601 AUGUSTA STREET EXT
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 2,000
KATLIN PRESNELL YOST


8694 NEW HOPE ROAD
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 1,500
KIERA PUGALEE


205 KING STREET
NORTH TAZEWELL,VA24630 		NONE NONE EDUCATIONAL 2,500
KRISTINA MARTIN


PO BOX 1809
OCEANA,WV24870 		NONE NONE EDUCATIONAL 6,000
LAKEN CHRONISTER


304 PARK DALE STREET
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 1,000
LATHEA HATFIELD


11 NARROW WAY
CLEAR FORK,WV24822 		NONE NONE EDUCATIONAL 3,000
LEVI CRIDER


PO BOX 158
CYCLONE,WV24827 		NONE NONE EDUCATIONAL 2,000
MADISON ADDAIR


142 MADI LANE
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 1,500
MADYSON REDDEN


PO BOX 252
OCEANA,WV24870 		NONE NONE EDUCATIONAL 3,000
MALIA SLOAN


507 MOUNTAIN VIEW AVENUE
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 2,000
MATTHEW KINZER


567 ROLLING HILLS DRIVE
PRINCETON,WV24740 		NONE NONE EDUCATIONAL 1,000
MICHAEL CLINE


PO BOX 91
BRENTON,WV24818 		NONE NONE EDUCATIONAL 2,500
MICHAEL HARTFORD


1483 LICK BRANCH ROAD
GRUNDY,VA24614 		NONE NONE EDUCATIONAL 1,000
MICHAELA GRIFFITH


PO BOX 123
JESSE,WV24849 		NONE NONE EDUCATIONAL 2,500
MIRANDA OSBORNE


PO BOX 36
BIG SANDY,WV24816 		NONE NONE EDUCATIONAL 2,000
MONEY WILLIAMS


2014 WASHINGTON STREET
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 2,000
NATHANAEL SHUMATE


219 TIMBER HILL DRIVE
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 1,000
OLIVIA SPARKS


PO BOX 122
SQUIRE,WV24884 		NONE NONE EDUCATIONAL 2,000
RACHEL RUTHERFORD


POBOX 55
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 500
RANDI DILLOW


1879 MAIN STREET
BLAND,VA24315 		NONE NONE EDUCATIONAL 500
RILEY COSTELLO


PO BOX 1175
OCEANA,WV24870 		NONE NONE EDUCATIONAL 2,000
SARA SAUNDERS


550 SWEETWATER DRIVE
TAZEWELL,VA24651 		NONE NONE EDUCATIONAL 1,500
SAVANAH ADKINS


PO BOX 2101
OCEANA,WV24870 		NONE NONE EDUCATIONAL 1,000
SAVANAH JOHNSON


6904 HURRICANE CREEK ROAD
VANSANT,VA24656 		NONE NONE EDUCATIONAL 2,000
SHYAN JENKINS


PO BOX 22
BRENTON,WV24818 		NONE NONE EDUCATIONAL 2,000
SKYLER BAILEY


4577 OLD LESTERS FORK RD
GRUNDY,VA24614 		NONE NONE EDUCATIONAL 2,000
SOPHIA LIPSCOMB


131 MISTLETOE LANE
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 1,000
TAYLOR CHAPMAN


PO BOX 387
RODERFIELD,WV24881 		NONE NONE EDUCATIONAL 1,000
TAYLOR DELONG


HC 72 BOX 888
OCEANA,WV24870 		NONE NONE EDUCATIONAL 2,000
THOMAS TOLER


1471 REEDY CREEK ROAD
SIMON,WV24882 		NONE NONE EDUCATIONAL 3,000
TIFFANY JONES


596 HORNETS BRANCH ROAD
BRADSHAW,WV24817 		NONE NONE EDUCATIONAL 1,000
TORI DUNCAN


PO BOX 192
CLEAR FORK,WV24822 		NONE NONE EDUCATIONAL 2,000
ZACHARY COLEMAN


1196 SKYVIEW DRIVE
VANSANT,VA24656 		NONE NONE EDUCATIONAL 3,000
KADEN ADAMS


596 OLD PRINCETON ROAD
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 2,000
MADISON ATWELL


130 JOSH FORK
SIMON,WV24882 		NONE NONE EDUCATIONAL 500
MALLORY BROWN


368 BRANDON DRIVE
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 500
ELLIANAH BURGESS


181 STONECREEK STREET
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 1,500
NATALIA CARL


406 OLIVER AVENUE
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 1,500
DALTON COOK


PO BOX 383
LYNCO,WV24857 		NONE NONE EDUCATIONAL 1,500
KYLIE CROYE


202 SHERWOOD LANE
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 1,000
KATE DIETZ


529 SUMMIT STREET
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 500
JASON EDWARDS JR


912 FREDERICK STREET
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 1,000
ELIJAH ELLIS


PO BOX 1127
PINEVILLE,WV24874 		NONE NONE EDUCATIONAL 1,250
HALEY FULLER


1049 HUSKY ROAD
VANSANT,VA24656 		NONE NONE EDUCATIONAL 1,500
BROCK HALSEY


230 LYNWOOD CIRCLE
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 1,000
JARED HEFFINGER


3436 BAILEY SWITCH ROAD
NORTH TAZEWELL,VA24630 		NONE NONE EDUCATIONAL 500
ALEXIS HICKS


PO BOX 273
IAEGER,WV24844 		NONE NONE EDUCATIONAL 1,000
JON JONES


111 FAIRFAX DRIVE
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 1,500
OWEN KEENEY


PO BOX 1084
OCEANA,WV24870 		NONE NONE EDUCATIONAL 1,500
MAGGIE LAYNE


994 CARTER HILL ROAD
NORTH TAZEWELL,VA24630 		NONE NONE EDUCATIONAL 750
ANDREA LAXTON


PO BOX 673
PINEVILLE,WV24874 		NONE NONE EDUCATIONAL 750
BRADY LESTER


PO BOX 313
CLEAR FORK,WV24822 		NONE NONE EDUCATIONAL 1,500
KYLAH LOCKRIDGE


590 MCGRAWS ROAD
MCGRAWS,WV25876 		NONE NONE EDUCATIONAL 1,500
COLLEEN LOOKABILL


332 CORINNE BOTTOM ROAD
CORINNE,WV25826 		NONE NONE EDUCATIONAL 1,500
ADISON LUSK


PO BOX 746
PINEVILLE,WV24874 		NONE NONE EDUCATIONAL 2,000
ADELTIA MADDY


17 MORNINGSIDE DRIVE
PETERSTOWN,WV24963 		NONE NONE EDUCATIONAL 1,000
AMY MEADOWS


621 SOUTHVIEW LANE
BLAND,VA24315 		NONE NONE EDUCATIONAL 1,500
ISABELLA MULLENS


460 QUAILWOOD DRIVE
PRINCETON,WV24740 		NONE NONE EDUCATIONAL 1,000
AYDAN NASH


14 GLEN FORK HOLLOW ROAD
GLEN FORK,WV25845 		NONE NONE EDUCATIONAL 1,000
NATHANIEL NOLLEY


6621 LAUREL FORK ROAD
ROCKY GAP,VA24366 		NONE NONE EDUCATIONAL 1,500
EMILY OSBORNE


PO BOX 6
OCEANA,WV24870 		NONE NONE EDUCATIONAL 500
EMMA OXLEY


3654 OLD ATHENS ROAD
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 2,000
LAUREN PEARCE


331 CIRCLE DRIVE
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 1,000
JUANITA PICKETT


7184 DRY FORK ROAD
NORTH TAZEWELL,VA24630 		NONE NONE EDUCATIONAL 500
AUTUMN REYNOLDS


PO BOX 253
ANAWALT,WV24808 		NONE NONE EDUCATIONAL 500
IAN RHUDY


PO BOX 531
TAZEWELL,VA24651 		NONE NONE EDUCATIONAL 2,500
ASHLYN RICHARDSON


PO BOX 154
GARY,WV24836 		NONE NONE EDUCATIONAL 750
LEXI SANDLIN


423 THOMPSON CHAPEL ROAD
BLUEFIELD,WV24701 		NONE NONE EDUCATIONAL 1,500
JONATHAN SHOCKLEY


118 POST ROAD
FALLS MILLS,VA24613 		NONE NONE EDUCATIONAL 1,500
HANNAH SMITH


859 EADS MILL ROAD
PRINCETON,WV24739 		NONE NONE EDUCATIONAL 500
HALEIGH VENCILL


PO BOX 241
VANSANT,VA24656 		NONE NONE EDUCATIONAL 1,000
ELIJAH WATERS


85 LAUREL DRIVE
ROCKY GAP,VA24366 		NONE NONE EDUCATIONAL 1,500
HANNAH WHITE


610 CARDINAL STREET
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 1,000
JACOB WHITE


610 CARDINAL STREET
BLUEFIELD,VA24605 		NONE NONE EDUCATIONAL 1,000
Total .................................right arrow 3a 205,250
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 ........... 		         
4 Dividends and interest from securities ....     14 92,196  
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 -31,000  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRETURN OF PRIOR YEAR GRANTS 		        12,000
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   61,196 12,000
13Total. Add line 12, columns (b), (d), and (e)..................
13
73,196
(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:
W A WOLFE JR AND PHYLLIS P WOLFE
 
FOUNDATION INC
EIN:
55-0684389
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF TAX PREPARATION FEE 975 975    

TY 2023 InvestmentsCorpBondsSchedule
Name:
W A WOLFE JR AND PHYLLIS P WOLFE
 
FOUNDATION INC
EIN:
55-0684389
Name of Bond End of Year Book Value End of Year Fair Market Value
ISHARES US TREASURY BOND 217,639 188,582
ISHARES 3-7 YEAR TREASURY BOND 100,282 96,632
INVESCO EXCHANGE-TRADED FD TR II 108,057 96,590
ISHARES MBS    
ISHARES TRUST ISHARES PFD AND INC 106,690 87,332
ISHARES US ETF TR SHORT MATURITY    
ISHARES 1-3 YEAR TREASURY BOND    
BLACKSTONE SENIOR LOAN    
BLOOMBERG SHORT TERM YIELD BOND 72,134 66,621
US TREASURY NOTE 4.75% 148,957 150,703
US TREASURY NOTE 5.00% 199,593 201,872
US TREASURY NOTE 4.625% 149,139 152,108

TY 2023 InvestmentsCorpStockSchedule
Name:
W A WOLFE JR AND PHYLLIS P WOLFE
 
FOUNDATION INC
EIN:
55-0684389
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 30,283 39,185
ACCENTURE PLC CLASS A 30,963 54,391
AKAMAI TECHNOLOGIES INC 31,558 41,541
CARRIER GLOBAL CORPORATION    
COSTCO WHSL CORP 32,509 80,530
DARDEN RESTAURANTS INC 31,035 41,897
ECOLAB INC 30,402 29,157
ETFMG PRIME MOBILE PAYMENTS    
EXCHANGE TRADED CONCEPTS 21,782 22,920
FIRST TRUST EXCHANGE TRADED FUND 22,037 31,496
GLOBAL X FDS US INFRASTRUCTURE 21,989 37,906
HOME DEPOT INC 32,527 53,715
INTUIT 31,883 74,379
INVESCO EXCH-TRADED FD TR S&P 500 92,935 105,726
INVESCO EXCHANGE TRADED FD 22,131 7,727
INVESCO QQQ TR UNIT SER 1 26,909 204,760
ISHARES CORE HIGH DIVIDEND 93,480 101,990
ISHARES CORE S&P SMALL-CAP 87,752 238,150
ISHARES EDGE MSCI USA MOMENTUM 36,392 47,067
ISHARES MSCI EAFE 99,949 90,420
ISHARES MSCI EMERGING MARKETS 103,840 80,420
ISHARES RUSSELL 1000 133,411 215,315
ISHARES RUSSELL 1000 VALUE ETF 93,194 103,281
ISHARES RUSSELL MID-CAP GROWTH 165,183 240,258
ISHARES SELECT DIVIDEND 95,693 99,637
ISHARES US FINANCIAL SERVICES 165,318 223,833
LAUDER ESTEE COS    
MASTERCARD INC 30,649 46,490
MICROSOFT CORP 30,544 83,105
O REILLY AUTOMOTIVE INC 30,214 74,106
OTIS WORLDWIDE CORP    
RENAISSANCE CAP GREENWICH 22,037 14,330
RTX CORPORATION 17,884 20,025
STARBUCKS CORP 32,773 37,348
SYSCO CORP 30,694 30,203
THERMO FISHER CORP 30,958 57,856
TJX COS INC 31,792 55,066
TRACTOR SUPPLY CO 31,106 64,294
UNITED HEALTH GROUP INC 28,982 65,809
VANECK AGRIBUSINESS ETF    
VANECK SEMICONDUCTOR ETF 20,225 34,974
VANGUARD FTSE DEVELOPED MARKETS 121,906 146,095
VANGUARD FTSE EMERGING MARKETS 122,536 117,957
WASTE MANAGEMENT INC 30,467 45,850
SPDR S&P 500 66,294 71,297

TY 2023 OtherIncomeSchedule2
Name:
W A WOLFE JR AND PHYLLIS P WOLFE
 
FOUNDATION INC
EIN:
55-0684389
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RETURN OF PRIOR YEAR GRANTS 12,000   12,000


TY 2023 TaxesSchedule
Name:
W A WOLFE JR AND PHYLLIS P WOLFE
 
FOUNDATION INC
EIN:
55-0684389
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990PF EXCISE TAX 986      
WV SECRETARY OF STATE LICENSSE 25 25