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
LIBRA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)THREE CANAL PLAZA PO BOX 17516
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, ME041128516
A Employer identification number

04-6626994
B Telephone number (see instructions)

(207) 879-6280
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$137,736,434J 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 21,505 21,505  
4 Dividends and interest from securities... 597,473 597,473  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 247,316
b Gross sales price for all assets on line 6a 44,363,305
7 Capital gain net income (from Part IV, line 2)... 247,316
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
-1,205,792 -1,209,780  
12 Total. Add lines 1 through 11........ -339,498 -343,486  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,510,811 662,365   847,951
14 Other employee salaries and wages...... 350,178 65,031   285,039
15 Pension plans, employee benefits....... 414,160 151,002   249,945
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
365 255   110
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25,075 17,553   7,522
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
164,853 164,853   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
156,615 34,469   61,030
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
71,161 21,348  
20 Occupancy.............. 141,215 42,364   97,522
21 Travel, conferences, and meetings....... 38,475 15,390   23,715
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
168,937 56,535   112,381
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,041,845 1,231,165   1,685,215
25 Contributions, gifts, grants paid....... 6,012,723 6,062,723
26 Total expenses and disbursements. Add lines 24 and 25 9,054,568 1,231,165   7,747,938
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -9,394,066
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets 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............. 638,437 393,356 393,356
2 Savings and temporary cash investments......... 1,545,446 1,251,065 1,251,065
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.......... 9,155 9,134 9,134
10a Investments—U.S. and state government obligations (attach schedule) 7,847,121 Click to see attachment
List of Attached Documents:
// Content
6,443,181 		6,443,181
b Investments—corporate stock (attach schedule)....... 23,471,176 Click to see attachment
List of Attached Documents:
// Content
21,026,219 		21,026,219
c Investments—corporate bonds (attach schedule)....... 3,617,182 Click to see attachment
List of Attached Documents:
// Content
3,372,294 		3,372,294
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).......... 91,422,714 Click to see attachment
List of Attached Documents:
// Content
85,575,585 		53,288,476
14 Land, buildings, and equipment: basis right arrow679,076
Less: accumulated depreciation (attach schedule) right arrow339,417 339,307 Click to see attachment
List of Attached Documents:
// Content
339,659 		339,659
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
46,103,213 		Click to see attachment
List of Attached Documents:
// Content
51,613,050 		Click to see attachment
List of Attached Documents:
// Content
51,613,050
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 174,993,751 170,023,543 137,736,434
Liabilities 17 Accounts payable and accrued expenses.......... 183,841 199,987
18 Grants payable................. 200,000 150,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
8,600 		Click to see attachment
List of Attached Documents:
// Content
69,700
23 Total liabilities (add lines 17 through 22)......... 392,441 419,687
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........... 174,601,310 169,603,856
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 174,601,310 169,603,856
30 Total liabilities and net assets/fund balances (see instructions). 174,993,751 170,023,543
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
174,601,310
2
Enter amount from Part I, line 27a .....................
2
-9,394,066
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,396,612
4
Add lines 1, 2, and 3 ..........................
4
169,603,856
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
169,603,856
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 VARIOUS SECURITIES - CAPITAL GUARDIAN P   2023-12-31
b VARIOUS SECURITIES - HARPSWELL CAPITAL ADVISORS P   2023-12-31
c VARIOUS SECURITIES - CAPITAL GUARDIAN II P   2023-12-31
d VARIOUS SECURITIES - LONG PATH & OLD FARM P   2023-12-31
e VEHICLE - OWEN P    
VEHICLE - ERIK P    
(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 18,531,394   18,253,343 278,051
b 20,290,435   21,314,764 -1,024,329
c 3,653,187   3,520,513 132,674
d 1,819,289   944,238 875,051
e 30,000 46,741 90,534 -13,793
39,000 23,834 63,172 -338
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       278,051
b       -1,024,329
c       132,674
d       875,051
e       -13,793
      -338
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 2 247,316
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 0
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
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.......right arrow 9 0
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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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 arrowME
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.LIBRAFOUNDATION.ORG
14
The books are in care ofright arrowJERE G MICHELSON Telephone no.right arrow (207) 879-6280

Located atright arrowTHREE CANAL PLAZA PO BOX 17516PORTLANDME ZIP+4right arrow04112
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)
Yes
 
(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)
 
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
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
 
No
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
OWEN W WELLS TRUSTEE
30.00 		100,018 40,783 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
CRAIG N DENEKAS CHAIRMAN/CEO
50.00 		420,229 74,197 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
JERE G MICHELSON PRESIDENT/COO/CFO
50.00 		410,228 61,795 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
ERIK HAYWARD EXECUTIVE VICE PRESIDENT
50.00 		290,168 58,005 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
PENDRED E NOYCE TRUSTEE
10.00 		0 0 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
WILLIAM J RYAN TRUSTEE
10.00 		0 0 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
PAUL PIETROPAOLI EXECUTIVE VICE PRESIDENT
50.00 		290,168 72,395 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
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
KATHI GIEDRIS ADMINISTRATIVE ASSIS
40.00 		130,062 42,463 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
JENNIFER COOK ACCOUNTING ASSISTANT
40.00 		130,062 41,558 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
MELISSA LEE ADMINISTRATIVE ASSIS
40.00 		90,055 22,963 0
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
Total number of other employees paid over $50,000...................right arrow 0
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
CAPITAL GUARDIAN INVESTMENT ADVISORY SERVICES 82,902
333 S HOPE STREET 52ND FLOOR
LOS ANGELES,CA90071
HARPSWELL CAPITAL ADVISORS INVESTMENT ADVISORY SERVICES 65,554
41 CAMPUS DRIVE SUITE 203
NEW GLOUCESTER,ME04260
Total number of others receiving over $50,000 for professional services.............right arrow0
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 CAPITAL CONTRIBUTIONS MADE TO PINELAND FARMS DAIRY COMPANY, INC. FOR BUSINESS EXPANSION PURPOSES TO PROVIDE THE OPPORTUNITY TO OFFER MORE JOBS IN THE COMMUNITY. 2,000,000
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow2,000,000
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
37,886,817
b
Average of monthly cash balances.......................
1b
515,897
c
Fair market value of all other assets (see instructions)................
1c
101,600,730
d
Total (add lines 1a, b, and c).........................
1d
140,003,444
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
140,003,444
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,100,052
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
137,903,392
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,895,170
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
6,895,170
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,895,170
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
6,895,170
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
6,895,170
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
7,747,938
b
Program-related investments—total from Part VIII-B..................
1b
2,000,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
154,644
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
9,902,582
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 6,895,170
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 12,669,576
b From 2019...... 4,569,232
c From 2020...... 3,252,806
d From 2021...... 2,315,736
e From 2022...... 3,186,776
f Total of lines 3a through e ........ 25,994,126
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 9,902,582
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 6,895,170
e Remaining amount distributed out of corpus 3,007,412
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 29,001,538
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		12,669,576
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		16,331,962
10 Analysis of line 9:
a Excess from 2019.... 4,569,232
b Excess from 2020.... 3,252,806
c Excess from 2021.... 2,315,736
d Excess from 2022.... 3,186,776
e Excess from 2023.... 3,007,412
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:
CRAIG N DENEKAS
THREE CANAL PLAZA PO BOX 17516
PORTLAND,ME04112
(207) 879-6280
bThe form in which applications should be submitted and information and materials they should include:
THE FOUNDATION REQUIRES THAT A FORMAL APPLICATION BE SUBMITTED INCLUDING ORGANIZATION NAME, ADDRESS, CHARITABLE PROJECT, AMOUNT REQUESTED, PURPOSE OF PROJECT, GEOGRAPHIC AREA AND NUMBER OF PEOPLE TO BE SERVED BY PROJECT.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
APPLICANT MUST BE A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) AND NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). THE FOUNDATION LIMITS ITS GRANTS TO CHARITABLE ORGANIZATIONS, ACTIVITIES, OPERATIONS OR PURPOSES WHICH ONLY TAKE PLACE WITHIN THE STATE OF MAINE.
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

ABBE MUSEUM

PO BOX 286
BAR HARBOR,ME04609 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

AMERICAN RED CROSS OF MAINE

2401 CONGRESS STREET
PORTLAND,ME04102 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

AUTISM SOCIETY OF MAINE

72B MAIN STREET
WINTHROP,ME04364 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

BANGOR SYMPHONY ORCHESTRA

PO BOX 1441
BANGOR,ME044021441 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

BAY CHAMBER CONCERTS

PO BOX 599
ROCKPORT,ME04856 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

BIGELOW LABORATORY FOR OCEAN SCIENCES

60 BIGELOW DRIVE
EAST BOOTHBAY,ME04544 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

BOYS & GIRLS CLUBS OF SOUTHERN MAINE

PO BOX 7830
PORTLAND,ME04112 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

BOYS & GIRLS CLUBS OF SOUTHERN MAINE

PO BOX 7830
PORTLAND,ME04112 		NONE PUBLIC A PLACE FOR GROWTH CAPITAL CAMPAIGN 50,000

CENTER FOR A GREEN FUTURE

30 EAST COXON ROAD
BRUNSWICK,ME04011 		NONE PUBLIC GROWING TO GIVE PROGRAM 5,000

CENTER FOR GRIEVING CHILDREN

555 FOREST AVENUE
PORTLAND,ME04101 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

CENTER FOR MAINE CONTEMPORARY ART

PO BOX 1767
ROCKLAND,ME04841 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

CHILDRENS MUSEUM & THEATRE OF MAINE

PO BOX 4041
PORTLAND,ME04101 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

CITY OF PRESQUE ISLE FBO NORDIC HERITAGE OUTDOOR CENTER

24 CHAPMAN ROAD
PRESQUE ISLE,ME04769 		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000

COASTAL MAINE BOTANICAL GARDENS

PO BOX 234
BOOTHBAY,ME04537 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

COMMUNITY DENTAL

190 PARK AVENUE
PORTLAND,ME04102 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

CROMWELL CENTER FOR DISABILITIES AWARENESS

97A EXCHANGE STREET SUITE 205
PORTLAND,ME04101 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

DOWNEAST COMMUNITY PARTNERS

248 BUCKSPORT ROAD
ELLSWORTH,ME04605 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

FARNSWORTH ART MUSEUM

16 MUSEUM STREET
ROCKLAND,ME04841 		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000

FOREST SOCIETY OF MAINE

115 FRANKLIN STREET 3RD FLOOR
BANGOR,ME04401 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

FORT KENT OUTDOOR CENTER

PO BOX 541
FORT KENT,ME04743 		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000

FOXCROFT ACADEMY

975 WEST MAIN STREET
DOVERFOXCROFT,ME04426 		NONE PUBLIC PISCATAQUIS COUNTY ICE ARENA OPERATING EXPENSES 172,792

FRIENDS OF KATAHDIN WOODS & WATERS

PO BOX 18177
PORTLAND,ME04112 		NONE PUBLIC TEKAKAPIMEK CONTACT STATION 25,000

GOOD SHEPHERD FOOD BANK

PO BOX 1807
AUBURN,ME04211 		NONE PUBLIC CAMPAIGN TO END HUNGER 10,000

GULF OF MAINE RESEARCH INSTITUTE

350 COMMERCIAL STREET
PORTLAND,ME04101 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

HOME INC

PO BOX 10
ORLAND,ME04472 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

IRIS NETWORK

189 PARK AVENUE
PORTLAND,ME04102 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

ISLAND INSTITUTE

PO BOX 648
ROCKLAND,ME048410648 		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000

LAKES ENVIRONMENTAL ASSOCIATION

230 MAIN STREET
BRIDGTON,ME04009 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

LEGAL SERVICES FOR THE ELDERLY

5 WABON STREET
AUGUSTA,ME04330 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE ADAPTIVE SPORTS & RECREATION

8 SUNDANCE LANE
NEWRY,ME04261 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE ASSOCIATION OF NONPROFITS

565 CONGRESS STREET SUITE 301
PORTLAND,ME04101 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE ASSOCIATION OF NONPROFITS

565 CONGRESS STREET SUITE 301
PORTLAND,ME04101 		NONE PUBLIC CULTURAL ALLIANCE OF MAINE (CAM) 5,000

MAINE AUDUBON

20 GILSLAND FARM ROAD
FALMOUTH,ME04105 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE CHILDREN'S HOME FOR LITTLE WANDERERS

93 SILVER STREET
WATERVILLE,ME049015923 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE DISCOVERY MUSEUM

74 MAIN STREET
BANGOR,ME04401 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE FARMLAND TRUST

97 MAIN STREET
BELFAST,ME04915 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE HISTORICAL SOCIETY

489 CONGRESS STREET
PORTLAND,ME041013498 		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000

MAINE MARITIME MUSEUM

243 WASHINGTON STREET
BATH,ME04530 		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000

MAINE MEDIA WORKSHOPS COLLEGE

PO BOX 200
ROCKPORT,ME04856 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE ORGANIC FARMERS AND GARDENERS ASSOCIATION

PO BOX 170
UNITY,ME04988 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE PUBLIC BROADCASTING NETWORK

1450 LISBON STREET
LEWISTON,ME042403595 		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000

MAINE STATE BALLET

348 US ROUTE 1
FALMOUTH,ME04105 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE STATE MUSIC THEATRE

22 ELM STREET
BRUNSWICK,ME04011 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINE STATE SOCIETY FOR THE PROTECTION OF ANIMALS

PO BOX 10
SOUTH WINDHAM,ME040820010 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

MAINEHEALTH

110 FREE STREET
PORTLAND,ME041013908 		NONE PUBLIC RAISING READERS PROGRAM 1,101,003

MAINEHEALTH DBA PEN BAY WALDO HEALTHCARE FOUNDATION

22 WHITE STREET
ROCKLAND,ME04841 		NONE PUBLIC CONSTRUCT NEW HEALTH CENTER 50,000

MONHEGAN HISTORICAL & CULTURAL MUSEUM ASSOCIATION

1 LIGHTHOUSE HILL
MONHEGAN,ME04852 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

NORTHERN FOREST CENTER - MAINE

18 NO MAIN STREET SUITE 204
CONCORD,NH033014926 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

OGUNQUIT MUSEUM OF AMERICAN ART

PO BOX 815
OGUNQUIT,ME03907 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

OGUNQUIT PLAYHOUSE

PO BOX 915
OGUNQUIT,ME03907 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

PENOBSCOT MARINE MUSEUM

PO BOX 498
SEARSPORT,ME049740498 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

PENOBSCOT THEATRE COMPANY

131 MAIN STREET
BANGOR,ME04401 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

PENQUIS COMMUNITY ACTION PROGRAM INC

PO BOX 1162
BANGOR,ME044021162 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

PEREGRINE CORPORATION DBA STRIVE

39 DARLING AVENUE
SOUTH PORTLAND,ME04106 		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000

PINELAND FARMS INC

32 FARM VIEW DRIVE
NEW GLOUCESTER,ME04260 		NONE PUBLIC DEVELOP, OPERATE AND STAFF PINELAND FARMS, INC. FOR AGRICULTURAL PROMOTION, EDUCATION AND RESEARCH IN MAINE 4,165,000

PORTLAND BALLET

517 FOREST AVENUE SUITE 2
PORTLAND,ME04101 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

PORTLAND CONSERVATORY OF MUSIC

28 NEAL STREET
PORTLAND,ME04102 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

PORTLAND MUSEUM OF ART

SEVEN CONGRESS SQUARE
PORTLAND,ME04101 		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000

PORTLAND OVATIONS

POBOX 17573
PORTLAND,ME041128573 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000

PORTLAND STAGE COMPANY

PO BOX 1458
PORTLAND,ME04104 		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000

PORTLAND SYMPHONY ORCHESTRA

50 MONUMENT SQUARE 2ND FLOOR
PORTLAND,ME04101 		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000

SALVATION ARMY - NORTHERN NEW ENGLAND DIVISION

PO BOX 3647
PORTLAND,ME04104 		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000

STATE YMCA OF MAINE DBA YMCA CAMP OF MAINE

PO BOX 446
WINTHROP,ME04364 		NONE PUBLIC ENDOWMENT FUND 25,000

UNIVERSITY OF MAINE PRESS

5729 FOGLER LIBRARY
ORONO,ME044695729 		NONE PUBLIC BOOK OF BERT CALL PHOTOGRAPHS 3,928

YMCA CAMP OF MAINE

PO BOX 446
WINTHROP,ME04364 		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000
Total .................................right arrow 3a 6,062,723
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 21,505  
4 Dividends and interest from securities ....     14 597,473  
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 .....     14 2,877,402  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 247,316  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNET EARNINGS OF TITLE-HOLDING CORPORATION - OCTOBER CORPORATION 		    16 -2,397,404  
bNET EARNINGS OF TITLE-HOLDING CORPORATION - AUGUST CORPORATION     16 -1,685,790  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 -339,498 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-339,498
(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)
Yes
 
(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)
Yes
 
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
Yes
 
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
1b(6) 0 AUGUST CORPORATION SHARED STAFFING FOR PERFORMANCE OF SERVICES
1a(1) 675,000 AUGUST CORPORATION TRANSFERRED FUNDS TO PAY FOR THE PURCHASE OF REAL ESTATE AND FOR OPERATIONS.
1b(6) 0 OCTOBER CORPORATION SHARED STAFFING FOR PERFORMANCE OF SERVICES
1a(1) 1,306,329 OCTOBER CORPORATION TRANSFERRED FUNDS TO PAY FOR THE PURCHASE OF REAL ESTATE AND FOR OPERATIONS.
1b(4) 200,000 OCTOBER CORPORATION EXPENSES REIMBURSED FROM OCTOBER CORPORATION TO LIBRA FOUNDATION
1b(4) 575,000 AUGUST CORPORATION EXPENSES REIMBURSED FROM AUGUST CORPORATION TO LIBRA FOUNDATION
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
OCTOBER CORPORATION 501(C)(2) SOLE MEMBER
AUGUST CORPORATION 501(C)(2) SOLE MEMBER
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:
LIBRA FOUNDATION
EIN:
04-6626994
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 25,075 17,553   7,522

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
FURNITURE 1998-04-13 15,100 15,100 SL 7.000000000000 0 0    
DESK LAMP 1998-04-24 240 240 SL 7.000000000000 0 0    
PAINTINGS 1998-05-05 3,016 3,016 SL 7.000000000000 0 0    
PAINTINGS 1998-05-06 530 530 SL 7.000000000000 0 0    
PHOTOS AND FRAMING 1998-06-01 2,019 2,019 SL 7.000000000000 0 0    
RECEPTION AREA LAMPS 1998-06-09 389 389 SL 7.000000000000 0 0    
NOYCE PORTRAIT 1998-06-09 645 645 SL 7.000000000000 0 0    
RECEPTION AREA FURNITURE 1998-06-09 12,495 12,495 SL 7.000000000000 0 0    
TRUSTEE PHOTOGRAPHS 1998-06-15 1,200 1,200 SL 7.000000000000 0 0    
CONFERENCE TABLE GLASS 1998-07-10 359 359 SL 7.000000000000 0 0    
PHOTOGRAPHS 1998-07-17 3,780 3,780 SL 7.000000000000 0 0    
CARPET 1998-09-11 3,000 3,000 SL 7.000000000000 0 0    
PHOTOGRAPHS 1998-09-24 2,460 2,460 SL 7.000000000000 0 0    
PAINTING - HEADLAND MIST 1998-10-29 4,584 4,584 SL 7.000000000000 0 0    
PHOTOGRAPH - PPM 1998-12-18 257 257 SL 7.000000000000 0 0    
OFFICE CHAIR 1998-05-12 318 318 SL 7.000000000000 0 0    
PORTRAIT AND PICTURES 1999-01-14 483 483 SL 7.000000000000 0 0    
PERSIAN RUG 1999-03-19 5,175 5,175 SL 7.000000000000 0 0    
CABOT HOUSE FURNITURE 1999-07-01 6,694 6,694 SL 7.000000000000 0 0    
SAILING DAY PAINTING 1999-04-23 1,036 1,036 SL 7.000000000000 0 0    
SIGN 1999-04-28 839 839 SL 7.000000000000 0 0    
DISHWASHER 1999-05-14 1,175 1,175 SL 7.000000000000 0 0    
LAMP 1999-05-20 239 239 SL 7.000000000000 0 0    
RECEPTIONIST CHAIR 1999-06-01 274 274 SL 7.000000000000 0 0    
PORTRAIT FOR RECEPTION AREA 1999-06-02 881 881 SL 7.000000000000 0 0    
2 OIL PAINTINGS 3 MOUNTAIN TRAIL 1999-09-21 600 600 SL 7.000000000000 0 0    
DICTIONARY AND STAND 1999-09-30 121 121 SL 7.000000000000 0 0    
TV AND STAND 2000-01-06 500 500 SL 7.000000000000 0 0    
OWW OFFICE CHAIR 2000-02-15 558 558 SL 7.000000000000 0 0    
POLYCOM SPEAKER PHONE 2000-04-05 819 819 SL 7.000000000000 0 0    
HARVARD CHAIR 2000-09-21 500 500 SL 7.000000000000 0 0    
OFFICE CHAIR 2001-03-19 1,213 1,213 SL 7.000000000000 0 0    
OFFICE CHAIR 2001-04-09 1,049 1,049 SL 7.000000000000 0 0    
OFFICE CHAIRS 2001-04-09 400 400 SL 7.000000000000 0 0    
CABINET FOR ADDITIONAL LINES 2001-04-27 990 990 SL 7.000000000000 0 0    
FURNITURE 2001-08-14 1,400 1,400 SL 7.000000000000 0 0    
FURNITURE - CONFERENCE TABLE 2001-12-10 40,936 40,936 SL 7.000000000000 0 0    
FURNITURE 2001-09-07 10,448 10,448 SL 7.000000000000 0 0    
GLASS TOP FOR CONFERENCE 2002-02-03 2,222 2,222 SL 7.000000000000 0 0    
FILING CABINET 2002-10-07 597 597 SL 7.000000000000 0 0    
CHAIRS 2002-12-20 3,169 3,169 SL 7.000000000000 0 0    
FILING CABINET 2003-05-06 639 639 SL 7.000000000000 0 0    
CHAIR 2003-07-17 121 121 SL 7.000000000000 0 0    
PAPER CUTTER 2003-10-15 199 199 SL 7.000000000000 0 0    
OFFICE CHAIR - RECEPTION 2003-10-15 178 178 SL 7.000000000000 0 0    
DESK MICHELSON 2003-11-06 2,515 2,515 SL 7.000000000000 0 0    
PAINTING RESTORATION 2004-03-16 1,800 1,800 SL 7.000000000000 0 0    
PICTURE FRAME - OWW 2005-02-14 375 375 SL 7.000000000000 0 0    
CHAIRS (2) LIBRA OFFICE 2005-02-05 219 219 SL 7.000000000000 0 0    
SIDE CHAIRS (4) 2005-03-09 1,548 1,548 SL 7.000000000000 0 0    
FILING CABINETS (2) 2005-05-26 1,512 1,512 SL 7.000000000000 0 0    
JOHN ANGEL PAINTING 2006-01-09 1,147 1,147 SL 7.000000000000 0 0    
NICHOLAS FEDEROVSKI PAINTING 2006-01-09 1,147 1,147 SL 7.000000000000 0 0    
DIGITAL CAMERA 2006-05-11 816 816 SL 5.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 1998-06-09 19,090 12,005 SL 39.000000000000 489 0    
ALLWORX PHONE SYSTEM 2014-08-25 12,813 12,813 SL 7.000000000000 0 0    
OWEN - LEATHER CHAIR 2014-11-08 580 580 SL 7.000000000000 0 0    
VEHICLE - UTILITY 2016-08-25 53,875 18,810 SL 5.000000000000 1,875 0    
WIFI EQUIPMENT 2016-06-08 1,488 1,488 SL 5.000000000000 0 0    
FIREWALL HARDWARE FORTIGATE 60E 2016-11-23 991 990 SL 5.000000000000 0 0    
SERVER UPGRADE 2018-03-16 17,604 17,019 SL 5.000000000000 585 0    
PHONE SERVER UPGRADE 2019-07-09 3,180 2,226 SL 5.000000000000 636 0    
WISHROCK FURNITURE 2019-07-12 2,500 1,250 SL 7.000000000000 357 0    
PAUL COMPUTER/SCREENS DELL OPTIPLEX 7060 2019-07-26 2,089 1,428 SL 5.000000000000 418 0    
18 CHAIRS - CONFERENCE ROOM 2019-08-02 2,595 1,267 SL 7.000000000000 371 0    
LARGE CONFERENCE ROOM TV SETUP 2019-10-30 5,282 2,454 SL 7.000000000000 755 0    
6 DELL OPTIPLEX 5000 PC'S 2019-10-31 6,715 4,029 SL 5.000000000000 1,343 0    
LEASEHOLD IMPROVEMENTS - DOTENS 2019-09-11 38,610 3,300 SL 39.000000000000 990 0    
CABLING AND CONFERENCE ROOM CONNECTIONS 2019-11-12 8,346 1,761 SL 15.000000000000 556 0    
VEHICLE - PAUL 2019-09-11 59,577 31,347 SL 5.000000000000 5,760 0    
VEHICLE - OWEN 2019-02-25 90,534 41,460 SL 5.000000000000 5,281 0    
6 DELL OPTIPLEX 5000 PC'S 2020-03-24 6,086 3,347 SL 5.000000000000 1,217 0    
4 LENOVO LAPTOPS 2020-12-20 5,289 2,116 SL 5.000000000000 1,058 0    
LEASEHOLD IMPROVEMENTS - DOTENS 2020-03-24 1,994 145 SL 39.000000000000 51 0    
4 LENOVO LAPTOPS CONFIGURED 2021-01-08 1,167 470 SL 5.000000000000 236 0    
VEHICLE - CRAIG 2022-02-10 62,922 11,200 SL 5.000000000000 12,584 0    
VEHICLE - JERE 2022-02-01 66,713 11,200 SL 5.000000000000 13,343 0    
VEHICLE - ERIK 2022-02-03 63,172 11,200 SL 5.000000000000 12,634 0    
VEHICLE - ERIK 2023-12-28 86,944   SL 5.000000000000 0 0    
VEHICLE - OWEN 2023-03-15 65,383   SL 5.000000000000 10,352 0    
COPIER - KYOCERA TASKALFA 3252CI 2023-05-24 2,317   SL 5.000000000000 270 0    

TY 2023 InvestmentsCorpBondsSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Name of Bond End of Year Book Value End of Year Fair Market Value
VARIOUS CORPORATE BONDS 3,372,294 3,372,294

TY 2023 InvestmentsCorpStockSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Name of Stock End of Year Book Value End of Year Fair Market Value
VARIOUS CORPORATE STOCKS 21,026,219 21,026,219

TY 2023 InvestmentsGovtObligationsSch
Name:
LIBRA FOUNDATION
EIN:
04-6626994
US Government Securities - End of Year Book Value:

6,443,181
US Government Securities - End of Year Fair Market Value:

6,443,181
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OCTOBER CORPORATION--TITLE HOLDING COMPANY FMV 57,685,738 38,459,188
AUGUST CORPORATION--TITLE HOLDING COMPANY FMV 24,659,945 11,599,386
CAPITAL GUARDIAN FMV 1,478,129 1,478,129
OLD FARM PARTNERS FMV 1,737,978 1,737,978
HARPSWELL MANAGEMENT FMV 13,795 13,795

TY 2023 LandEtcSchedule2
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURE 15,100 15,100 0  
DESK LAMP 240 240 0  
PAINTINGS 3,016 3,016 0  
PAINTINGS 530 530 0  
PHOTOS AND FRAMING 2,019 2,019 0  
RECEPTION AREA LAMPS 389 389 0  
NOYCE PORTRAIT 645 645 0  
RECEPTION AREA FURNITURE 12,495 12,495 0  
TRUSTEE PHOTOGRAPHS 1,200 1,200 0  
CONFERENCE TABLE GLASS 359 359 0  
PHOTOGRAPHS 3,780 3,780 0  
CARPET 3,000 3,000 0  
PHOTOGRAPHS 2,460 2,460 0  
PAINTING - HEADLAND MIST 4,584 4,584 0  
PHOTOGRAPH - PPM 257 257 0  
OFFICE CHAIR 318 318 0  
PORTRAIT AND PICTURES 483 483 0  
PERSIAN RUG 5,175 5,175 0  
CABOT HOUSE FURNITURE 6,694 6,694 0  
SAILING DAY PAINTING 1,036 1,036 0  
SIGN 839 839 0  
DISHWASHER 1,175 1,175 0  
LAMP 239 239 0  
RECEPTIONIST CHAIR 274 274 0  
PORTRAIT FOR RECEPTION AREA 881 881 0  
2 OIL PAINTINGS 3 MOUNTAIN TRAIL 600 600 0  
DICTIONARY AND STAND 121 121 0  
TV AND STAND 500 500 0  
OWW OFFICE CHAIR 558 558 0  
POLYCOM SPEAKER PHONE 819 819 0  
HARVARD CHAIR 500 500 0  
OFFICE CHAIR 1,213 1,213 0  
OFFICE CHAIR 1,049 1,049 0  
OFFICE CHAIRS 400 400 0  
CABINET FOR ADDITIONAL LINES 990 990 0  
FURNITURE 1,400 1,400 0  
FURNITURE - CONFERENCE TABLE 40,936 40,936 0  
FURNITURE 10,448 10,448 0  
GLASS TOP FOR CONFERENCE 2,222 2,222 0  
FILING CABINET 597 597 0  
CHAIRS 3,169 3,169 0  
FILING CABINET 639 639 0  
CHAIR 121 121 0  
PAPER CUTTER 199 199 0  
OFFICE CHAIR - RECEPTION 178 178 0  
DESK MICHELSON 2,515 2,515 0  
PAINTING RESTORATION 1,800 1,800 0  
PICTURE FRAME - OWW 375 375 0  
CHAIRS (2) LIBRA OFFICE 219 219 0  
SIDE CHAIRS (4) 1,548 1,548 0  
FILING CABINETS (2) 1,512 1,512 0  
JOHN ANGEL PAINTING 1,147 1,147 0  
NICHOLAS FEDEROVSKI PAINTING 1,147 1,147 0  
DIGITAL CAMERA 816 816 0  
LEASEHOLD IMPROVEMENTS 19,090 12,494 6,596  
ALLWORX PHONE SYSTEM 12,813 12,813 0  
OWEN - LEATHER CHAIR 580 580 0  
VEHICLE - UTILITY 53,875 20,685 33,190  
WIFI EQUIPMENT 1,488 1,488 0  
FIREWALL HARDWARE FORTIGATE 60E 991 990 1  
SERVER UPGRADE 17,604 17,604 0  
PHONE SERVER UPGRADE 3,180 2,862 318  
WISHROCK FURNITURE 2,500 1,607 893  
PAUL COMPUTER/SCREENS DELL OPTIPLEX 7060 2,089 1,846 243  
18 CHAIRS - CONFERENCE ROOM 2,595 1,638 957  
LARGE CONFERENCE ROOM TV SETUP 5,282 3,209 2,073  
6 DELL OPTIPLEX 5000 PC'S 6,715 5,372 1,343  
LEASEHOLD IMPROVEMENTS - DOTENS 38,610 4,290 34,320  
CABLING AND CONFERENCE ROOM CONNECTIONS 8,346 2,317 6,029  
VEHICLE - PAUL 59,577 37,107 22,470  
6 DELL OPTIPLEX 5000 PC'S 6,086 4,564 1,522  
4 LENOVO LAPTOPS 5,289 3,174 2,115  
LEASEHOLD IMPROVEMENTS - DOTENS 1,994 196 1,798  
4 LENOVO LAPTOPS CONFIGURED 1,167 706 461  
VEHICLE - CRAIG 62,922 23,784 39,138  
VEHICLE - JERE 66,713 24,543 42,170  
VEHICLE - ERIK 86,944 0 86,944  
VEHICLE - OWEN 65,383 10,352 55,031  
COPIER - KYOCERA TASKALFA 3252CI 2,317 270 2,047  


TY 2023 LegalFeesSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 365 255   110


TY 2023 OtherAssetsSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT - PFNM, INC 5,565,000 5,565,000 5,565,000
CAPITALIZED LEGAL FEES - PFNM, INC 76,996 76,996 76,996
ACCRUED DIVIDENDS RECEIVABLE - PFNM, INC 1,548,603 1,548,603 1,548,603
OTHER ASSET 2,273 3,161 3,161
ACCRUED DIVIDENDS RECEIVABLE - PFDC, INC 1,489,250 1,748,250 1,748,250
NOTE RECEIVABLE - PFDC, INC. 33,671,091 37,997,097 37,997,097
INVESTMENT - PFDC, INC 3,710,000 3,710,000 3,710,000
PREPAID EXCISE TAXES 40,000 0 0
INVESTMENT TRANSFERS   963,943 963,943


TY 2023 OtherExpensesSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES AND SUBSCRIPTIONS 15,716 11,001   4,715
SUPPLIES 9,444 2,833   6,611
INSURANCE 31,024 9,307   21,695
POSTAGE 3,072 0   3,072
PAYROLL FEES 2,596 1,015   1,581
REPAIRS AND MAINTENANCE 44,128 13,238   30,890
TELEPHONE 10,361 3,109   7,252
INTERNET AND CABLE 3,349 1,006   2,344
ADMINISTRATION 36,677 11,003   25,674
AUTOMOBILE EXPENSE 10,443 3,551   6,892
EQUIPMENT LEASE 1,574 472   1,102
BANK SERVICE CHARGES 553 0   553


TY 2023 OtherIncomeSchedule2
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PINELAND FARMS NATURAL MEATS, INC. DIVIDENDS 254,000 254,000 254,000
PINELAND FARMS DAIRY COMPANY, INC. INTEREST 2,326,006 2,326,006 2,326,006
PINELAND FARMS DAIRY COMPANY, INC. DIVIDENDS 259,000 259,000 259,000
OTHER INCOME 16,752 16,752 16,752
GUARANTY FEE 17,656 17,656 17,656
NON-TAXABLE INVESTMENT INCOME 3,988 0 3,988
NET EARNINGS OF TITLE-HOLDING CORPORATION - OCTOBER CORPORATION -2,397,404 -2,397,404 -2,397,404
NET EARNINGS OF TITLE-HOLDING CORPORATION - AUGUST CORPORATION -1,685,790 -1,685,790 -1,685,790


TY 2023 OtherIncreasesSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Description Amount
CHANGE IN UNREALIZED GAINS ON INVESTMENTS 4,396,612


TY 2023 OtherLiabilitiesSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED EXCISE TAX LIABILITY 8,600 69,700


TY 2023 OtherProfessionalFeesSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 164,853 164,853   0


TY 2023 TaxesSchedule
Name:
LIBRA FOUNDATION
EIN:
04-6626994
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 95,515 34,469   61,030
EXCISE TAXES - DEFERRED 61,100 0   0