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
The Joe MacPherson Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)191 E Main St Suite 2A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Tustin, CA92780
A Employer identification number

38-3779697
B Telephone number (see instructions)

(714) 380-6200
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$31,451,499J 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) 2,328,336
2 Check right arrow.............
3 Interest on savings and temporary cash investments 71,186 71,186 71,186
4 Dividends and interest from securities... 575,076 575,076 575,076
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,069,893
b Gross sales price for all assets on line 6a 21,528,640
7 Capital gain net income (from Part IV, line 2)... 1,086,394
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).......      
12 Total. Add lines 1 through 11........ 4,044,491 1,732,656 646,262
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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
18,110      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
14,782 4,829    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
201,136 200,327    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 234,028 205,156   0
25 Contributions, gifts, grants paid....... 1,740,000 1,740,000
26 Total expenses and disbursements. Add lines 24 and 25 1,974,028 205,156   1,740,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,070,463
b Net investment income (if negative, enter -0-) 1,527,500
c Adjusted net income (if negative, enter -0-)... 646,262
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............. 1,407,352 522,776 522,776
2 Savings and temporary cash investments.........      
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) 467,975 Click to see attachment
List of Attached Documents:
// Content
2,272,580 		2,400,709
b Investments—corporate stock (attach schedule)....... 13,283,749 Click to see attachment
List of Attached Documents:
// Content
14,382,992 		18,839,448
c Investments—corporate bonds (attach schedule)....... 2,948,904 Click to see attachment
List of Attached Documents:
// Content
4,302,154 		4,371,799
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).......... 5,450,610 Click to see attachment
List of Attached Documents:
// Content
4,170,964 		5,316,398
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,621 		Click to see attachment
List of Attached Documents:
// Content
369 		Click to see attachment
List of Attached Documents:
// Content
369
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,560,211 25,651,835 31,451,499
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........... 23,560,211 25,651,835
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)..... 23,560,211 25,651,835
30 Total liabilities and net assets/fund balances (see instructions). 23,560,211 25,651,835
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
23,560,211
2
Enter amount from Part I, line 27a .....................
2
2,070,463
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
20,883
4
Add lines 1, 2, and 3 ..........................
4
25,651,557
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
25,651,557
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 10000 SP500 STEPUP ISS TD DUE 9/26/25 P 2022-09-29 2023-10-13
b 10000 SP500 STEPUP ISS HSBC DUE 12/1/25 P 2022-11-22 2023-12-01
c 10000 SP500 STEPUP ISSUER CIBC DUE 6/28/24 P 2021-06-24 2023-06-30
d 10000 SP500 STEPUP ISSUER CIBC 7/26/24 P 2021-07-29 2023-07-28
e 5430 WISDOMTREE FLOATING RATE TRSY FD P 2023-03-30 2023-04-14
132 ISHARES BIOTECHNOLOGY ETF P 2023-01-01 2023-04-14
109 PACER DATA & INFRA REAL ESTATE ETF P 2022-11-17 2023-04-14
23479 ISHARES 1-3 YEAR TREASURY BOND ETF P 2023-01-01 2023-01-26
11277 ISHARES 20+ YEAR TSY BOND ETF P 2023-01-01 2023-10-10
19195 ISHARES CORE US AGGREGATE BOND P 2022-11-17 2023-06-01
116 ISHARES TIPS BOND ETF P 2023-01-01 2023-06-01
168 VANGUARD SMALL CAP P 2023-04-14 2023-07-25
571 VANGUARD FINANCIALS ETF P 2023-04-14 2023-07-25
59 VANGUARD INFORMATION TECH ETF P 2022-11-17 2023-06-01
79 ISHARES EDGE MSCI MIN VOL EAFE P 2023-01-26 2023-04-14
375 VANGUARD REAL ESTATE ETF P 2023-10-10 2023-11-10
2014 ISHARES US AEROSPACE ETF P 2022-10-07 2023-06-01
164 ISHARES US REGIONAL BANKS ETF P 2022-11-17 2023-04-14
4144 ISHARES PREFERRED & INCOME SECURITIES ET P 2023-10-10 2023-11-10
38577 SPDR PORT LONG TERM TRSY P 2023-10-10 2023-11-10
1935 REAL ESTATE SELECT SECTOR SPDR P 2023-01-01 2023-06-01
111 INVESCO KBW BANK ETF P 2023-04-14 2023-07-25
14459 INVESCO EMERGING MKTS SOVEREIGN DEBT P 2023-01-01 2023-11-10
1904 INVESCO PREFERRED ETF P 2023-01-01 2023-10-10
357 COMM SERVICES SELECT SECTOR P 2023-04-14 2023-06-01
561 VANGUARD ST CORP BOND P 2023-07-25 2023-11-10
3684 VANGUARD INTRMDIATE TERM P 2023-01-01 2023-11-10
12598 SCHWAB ST US TRSY ETF P 2023-01-01 2023-06-01
40 SPDR S&P TRANSPORTATION ETF P 2022-11-17 2023-01-26
346 VANECK SEMICONDUCTOR ETF P 2023-01-01 2023-06-01
358 FIRST TRUST CLOUD COMPUTING ETF P 2022-11-17 2023-04-14
2355 XTRACKERS USD HIGH YIELD CORP P 2023-01-01 2023-06-01
29 ISHARES INC CORE MSCI EMERGING MKTS P 2023-04-14 2023-07-25
2916 VANGUARD TOTAL INTERNATL BOND ETF P 2023-01-01 2023-11-10
257 GLOBAL X FUNDS SHS US INFRASTRUCTURE P 2023-01-01 2023-07-25
954 FIDELITY MSCI UTILITIES INDEX P 2023-01-01 2023-06-01
20807 SPDR BLOOMBERG 1-3 MNTH T BILL P 2023-01-01 2023-01-26
83 MATERIALS SELECT SECTOR SPDR FD P 2023-01-01 2023-07-25
198 HEALTH CARE SELECT SPDR P 2023-01-26 2023-06-01
303 SECTOR SPDR CONSMRS STPL P 2023-01-01 2023-07-25
148 CONSUMER DISCRETIONARY SPDR P 2023-04-14 2023-07-25
577 SECTOR SPDR ENERGY P 2023-01-01 2023-04-14
186 SECTOR SPDR INDUSTRIAL P 2023-01-01 2023-07-25
713 SPDR S&P 500 ETF TRUST P 2022-10-07 2023-06-01
9 ISHARES BIOTECHNOLOGY ETF P 2019-01-24 2023-04-14
1791 PACER DATA & INFRA REAL ESTATE ETF P 2000-01-01 2023-06-01
2405 ISHARES TIPS BOND ETF P 2000-01-01 2023-06-01
377 VANGUARD INFORMATION TECH ETF P 2000-01-01 2023-01-26
1119 ISHARES US REGIONAL BANKS ETF P 2021-07-14 2023-06-01
908 REAL ESTATE SELECT SECTOR SPDR FD P 2000-01-01 2023-06-01
10776 INVESCO PREFERRED ETF P 2000-01-01 2023-10-10
1560 COMM SERVICES SELECT SECTOR P 2000-01-01 2023-01-26
573 SPDR S&P TRANSPORTATION ETF P 2021-11-03 2023-01-26
109 VANECK SEMICONDUCTOR ETF P 2022-04-20 2023-11-10
1310 FIRST TRUST CLOUD COMPUTING ETF P 2020-05-15 2023-06-01
9712 XTRACKERS USD HIGH YIELD P 2000-01-01 2023-06-01
631 GLOBAL X FUNDS SHS US INFRASTRUCTURE P 2000-01-01 2023-06-01
3081 FIDELITY MSCI UTILITIES INDEX P 2000-01-01 2023-06-01
18 MATERIALS SELECT SECTOR SPDR FD P 2019-01-24 2023-07-25
642 CONSUMER DISCRETIONARY P 2019-01-24 2023-01-26
309 SECTOR SPDR ENERGY P 2021-11-03 2023-06-01
329 SECTOR SPDR INDUSTRIAL P 2000-01-01 2023-06-01
27 ABBOTT LABS P 2023-02-09 2023-02-21
1066 ALBEMARLE CORP P 2023-01-01 2023-06-01
260 BROADCOM INC P 2023-01-26 2023-06-01
212 BOEING COMPANY P 2023-01-26 2023-12-04
1986 BRISTOL MYERS SQUIBB P 2023-05-31 2023-06-01
1002 CIGNA CORP REG P 2023-01-01 2023-06-01
228 CAPITAL ONE FINL P 2022-11-11 2023-01-26
85 DANAHER CORP P 2023-01-01 2023-07-13
832 EQUITY RESIDENTIAL P 2022-01-24 2023-01-19
1291 FORD MOTOR CO P 2022-02-24 2023-01-19
637 META PLATFORMS INC CL A P 2023-07-13 2023-08-01
5981 GENERAL MOTORS CO P 2023-01-01 2023-10-13
762 L3HARRIS TECH INC P 2022-01-24 2023-01-19
161 ELI LILLY & CO P 2023-05-12 2023-06-01
1635 MARVELL TECH INC P 2023-01-01 2023-03-13
2670 MCCORMICK NON VTG P 2023-01-01 2023-11-02
395 MCDONALDS CORP P 2022-11-10 2023-02-10
281 NVIDIA P 2023-01-31 2023-06-01
2052 NEXTERA ENERGY INC P 2023-01-01 2023-10-02
1493 NUTRIEN LTD REG SHS P 2023-01-01 2023-05-12
2048 NKE INC P 2023-01-01 2023-06-01
400 NORTHROP GRUMANN CORP P 2023-01-01 2023-06-01
82 O'REILLY AUTO INC P 2023-01-26 2023-06-01
300 PALO ALTO NETWORKS INC P 2023-01-01 2023-06-01
1177 PROCTER & GAMBLE CO P 2022-04-29 2023-02-10
571 PROGRESSIVE CRP OHIO P 2022-05-17 2023-01-01
121 ROSS SOTRES INC P 2023-08-23 2023-12-04
890 SCHLUMBERGER LTD P 2022-10-05 2023-06-01
201 SERVICENOW INC P 2023-01-31 2023-06-01
36 ELEVANCE HEALTH INC P 2023-01-01 2023-06-20
2577 STARBUCKS CORP P 2023-01-01 2023-06-01
1422 3M COMPANY P 2023-01-01 2023-10-02
621 TESLA INC P 2022-08-09 2023-01-12
31 THERMO FISHER SCIENTIFIC P 2022-11-11 2023-10-25
2137 TORONTO DOMINION BANK P 2022-04-29 2023-01-15
120 UNITED HEALTH GROUP P 2023-04-12 2023-12-04
1312 VALERO ENERGY CORP P 2023-01-01 2023-04-21
1165 XCEL ENERGY INC P 2023-01-01 2023-08-23
1108 ABBOTT LABS P 2000-01-01 2023-06-01
2305 AMAZON COM INC P 2000-01-01 2023-06-01
221 PROLOGIS INC P 2018-01-01 2023-06-01
3656 ALPHABET INC P 2000-01-01 2023-06-01
1034 APPLE INC P 2000-01-01 2023-06-01
2231 BRISTOL MYERS SQUIBB P 2022-04-29 2023-06-01
1691 CAPITAL ONE FINL P 2000-01-01 2023-01-26
106 COSTCO WHOLESALE P 2018-01-01 2023-06-01
2074 CHEVRON CORP P 2000-01-01 2023-06-01
1111 CONOCOPHILLIPS P 2021-08-11 2023-06-01
832 DANAHER CORP P 2000-01-01 2023-06-01
2382 EQUITY RESIDENTIAL P 2021-03-16 2023-01-19
6555 FORD MOTOR CO P 2021-09-16 2023-01-19
764 HONEYWELL INTL P 2000-01-01 2023-02-10
916 HILTON WORLDWIDE HOLDINGS INC P 2000-01-01 2023-06-01
298 HOME DEPOT P 2000-01-01 2023-06-01
1223 JP MORGAN CHASE P 2020-06-08 2023-06-01
4268 MARVELL TECH INC P 2000-01-01 2023-06-01
1114 MICROSOFT CORP P 2000-01-01 2023-06-01
3177 NEXTERA ENERGY INC P 2000-01-01 2023-06-01
64 PARKER HANNIFIN CORP P 2020-11-30 2023-06-01
609 PALO ALTO NETWORKS INC P 2000-01-01 2023-06-01
390 PROGRESSIVE CRP OHIO P 2022-05-17 2023-06-01
353 ELEVANCE HEALTH INC P 2000-01-01 2023-06-01
204 STARBUCKS CORP P 2000-01-01 2023-12-04
424 THERMO FISHER SCIENTIFIC P 2000-01-01 2023-06-01
1805 TORONTO DOMINION BANK P 2022-05-17 2023-12-04
358 UNION PACIFIC CORP P 2000-01-01 2023-06-01
595 VISA INC CL A P 2000-01-01 2023-06-01
846 ZOETIS INC P 2000-01-01 2023-06-01
1691 XCEL ENERGY INC P 2022-04-29 2023-08-23
159 WALMART INC P 2018-02-23 2023-09-28
Capital Gain Dividends      
Wash Sale      
(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 115,500   100,000 15,500
b 113,600   100,000 13,600
c 113,440   100,000 13,440
d 115,100   100,000 15,100
e 273,507   272,912 595
17,466   17,818 -352
3,211   3,234 -23
1,918,660   1,904,710 13,950
979,174   1,186,027 -206,853
1,920,618   1,863,067 57,551
12,416   12,447 -31
34,654   31,466 3,188
49,123   45,012 4,111
26,352   19,910 6,442
5,473   5,262 211
28,224   28,313 -89
230,488   191,489 38,999
5,701   8,169 -2,468
122,281   121,046 1,235
1,001,451   989,500 11,951
73,931   89,816 -15,885
4,988   4,713 275
266,766   285,998 -19,232
20,201   22,001 -1,800
23,770   21,109 2,661
42,159   42,471 -312
279,813   294,970 -15,157
604,435   612,013 -7,578
2,985   2,881 104
60,234   52,201 8,033
23,352   21,969 1,383
81,807   83,639 -1,832
1,491   1,429 62
140,871   142,049 -1,178
8,265   6,993 1,272
42,166   40,232 1,934
1,907,958   1,904,904 3,054
7,096   6,723 373
26,822   26,356 466
18,437   18,046 391
25,484   21,725 3,759
50,239   49,966 273
20,376   18,473 1,903
287,310   258,982 28,328
1,191   969 222
53,200   70,704 -17,504
259,220   277,844 -18,624
130,416   68,204 62,212
43,357   63,427 -20,070
31,323   41,841 -10,518
114,990   161,374 -46,384
84,695   70,816 13,879
42,762   55,678 -12,916
17,062   13,503 3,559
97,879   86,014 11,865
335,298   370,012 -34,714
17,922   16,268 1,654
124,109   137,411 -13,302
1,539   935 604
92,041   67,728 24,313
26,794   17,783 9,011
33,491   22,731 10,760
2,798   2,912 -114
181,105   234,191 -53,086
192,292   154,459 37,833
49,614   45,080 4,534
140,544   149,214 -8,670
280,258   268,885 11,373
26,296   26,706 -410
20,206   21,583 -1,377
50,641   72,219 -21,578
15,786   21,540 -5,754
198,691   200,041 -1,350
177,348   236,734 -59,386
147,280   167,312 -20,032
90,387   70,014 20,373
62,798   78,535 -15,737
173,160   228,014 -54,854
103,025   108,174 -5,149
121,616   54,512 67,104
103,961   132,607 -28,646
87,939   122,293 -34,354
221,751   259,212 -37,461
174,348   181,597 -7,249
76,538   65,811 10,727
66,291   47,028 19,263
161,587   189,955 -28,368
77,313   63,298 14,015
16,021   14,828 1,193
51,176   37,064 14,112
111,434   90,624 20,810
15,782   16,964 -1,182
248,062   253,689 -5,627
128,733   150,363 -21,630
76,071   174,668 -98,597
13,336   16,710 -3,374
133,398   154,455 -21,057
65,755   62,763 2,992
156,408   174,559 -18,151
66,775   78,776 -12,001
115,404   90,497 24,907
257,440   193,610 63,830
28,122   14,233 13,889
413,049   198,602 214,447
166,988   44,619 122,369
151,400   168,103 -16,703
195,030   181,540 13,490
59,856   23,484 36,372
354,330   184,610 169,720
133,702   63,588 70,114
202,660   91,300 111,360
144,983   176,438 -31,455
80,151   88,032 -7,881
152,043   96,555 55,488
139,312   93,337 45,975
90,562   55,394 35,168
178,109   137,499 40,610
181,468   202,623 -21,155
313,225   106,089 207,136
175,580   169,622 5,958
26,697   17,142 9,555
148,193   106,661 41,532
59,049   43,233 15,816
162,532   104,646 57,886
97,798   90,929 6,869
213,275   159,540 53,735
108,974   130,586 -21,612
72,216   52,596 19,620
138,137   45,731 92,406
143,356   88,317 55,039
96,924   124,198 -27,274
25,774   14,721 11,053
      1,093
      16,501
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       15,500
b       13,600
c       13,440
d       15,100
e       595
      -352
      -23
      13,950
      -206,853
      57,551
      -31
      3,188
      4,111
      6,442
      211
      -89
      38,999
      -2,468
      1,235
      11,951
      -15,885
      275
      -19,232
      -1,800
      2,661
      -312
      -15,157
      -7,578
      104
      8,033
      1,383
      -1,832
      62
      -1,178
      1,272
      1,934
      3,054
      373
      466
      391
      3,759
      273
      1,903
      28,328
      222
      -17,504
      -18,624
      62,212
      -20,070
      -10,518
      -46,384
      13,879
      -12,916
      3,559
      11,865
      -34,714
      1,654
      -13,302
      604
      24,313
      9,011
      10,760
      -114
      -53,086
      37,833
      4,534
      -8,670
      11,373
      -410
      -1,377
      -21,578
      -5,754
      -1,350
      -59,386
      -20,032
      20,373
      -15,737
      -54,854
      -5,149
      67,104
      -28,646
      -34,354
      -37,461
      -7,249
      10,727
      19,263
      -28,368
      14,015
      1,193
      14,112
      20,810
      -1,182
      -5,627
      -21,630
      -98,597
      -3,374
      -21,057
      2,992
      -18,151
      -12,001
      24,907
      63,830
      13,889
      214,447
      122,369
      -16,703
      13,490
      36,372
      169,720
      70,114
      111,360
      -31,455
      -7,881
      55,488
      45,975
      35,168
      40,610
      -21,155
      207,136
      5,958
      9,555
      41,532
      15,816
      57,886
      6,869
      53,735
      -21,612
      19,620
      92,406
      55,039
      -27,274
      11,053
       
       
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 1,086,394
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 -405,181
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 21,232
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 21,232
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 21,232
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,897
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 2,897
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 1,000
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 19,335
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 arrow0 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
 
No
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 arrowCA
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 arrowRichard Lang Telephone no.right arrow (714) 380-6200

Located atright arrow191 E Main St 2ATustinCA ZIP+4right arrow92780
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
 
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
 
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
Anne L MacPherson Pres/CEO/Dir
20.00 		0    
11572 Padia Lane
Tustin,CA92705
James MacPherson CFO/Sec/Dir
5.00 		0    
13631 Jenet Circle
Santa Ana,CA92705
Jeffrey MacPherson V.Pres./Dir
5.00 		0    
24 Shawnee Way Ste D
Bozeman,MT59715
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  
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
0
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
0
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
 
3
Subtract line 2 from line 1d.........................
3
0
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
0
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
0
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
0
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
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
21,232
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
21,232
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
21,232
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
21,232
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
0
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
1,740,000
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
1,740,000
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 0
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 1,165,000
b From 2019...... 1,371,150
c From 2020...... 1,605,000
d From 2021...... 1,780,150
e From 2022...... 1,470,000
f Total of lines 3a through e ........ 7,391,300
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,740,000
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus 1,740,000
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 9,131,300
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		1,165,000
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		7,966,300
10 Analysis of line 9:
a Excess from 2019.... 1,371,150
b Excess from 2020.... 1,605,000
c Excess from 2021.... 1,780,150
d Excess from 2022.... 1,470,000
e Excess from 2023.... 1,740,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Laura's House


999 Corporate Dr Ste 225
Ladera Ranch,CA92694 		None PC Charitable 175,000
Amigos De Los Ninos


PO Box 2602
La Habra,CA90632 		None PC Charitable 15,000
Pacific Symphony


17620 Fitch Suite 100
Irvine,CA92614 		None PC Charitable 175,000
Orange County Comm Fdn


30 Corporate Park Suite 410
Irvine,CA92606 		None PC Charitable 20,000
University of Puget Sound


1500 N Warner St
Tacoms,WA98416 		None PC Charitable 200,000
Brackens Kitchen


13941 Nautilus Drive
Garden Grove,CA92843 		None PC Charitable 30,000
CASA


765 The City Drive Ste 300
Orange,CA92868 		None PC Charitable 50,000
Hoag Hospital Foundation


500 Superior Ave Ste 350
Newport Beach,CA92663 		None PC Charitable 50,000
Second Harvest of OC


8014 Marine Way
Irvine,CA92618 		None PC Charitable 50,000
ST Joseph Hospital FDN


1100 W Stewart Drive
Orange,CA92868 		None PC Charitable 30,000
The Priority Center


1940 E Deere Ave Ste 240
Santa Ana,CA92705 		None PC Charitable 50,000
Big Brothers Big Sisters of OC


14131 Yorba ST Ste 200
Tustin,CA92780 		None PC Charitable 100,000
Homeboy Industries


130 W Bruno Street
Los Angeles,CA90012 		None PC Charitable 25,000
Meals on Wheels


1200 N Knollwood Circle
Anaheim,CA92801 		None PC Charitable 50,000
Share Our Selves


1550 Superior Ave
Costa Mesa,CA92627 		None PC Charitable 25,000
Orangewood Childrens Fdn


1575 E 17th St
Santa Ana,CA92705 		None PC Charitable 25,000
CHOC Childrens Fdn


1201 West La Veta Ave
Orange,CA92868 		None PC Charitable 20,000
Gallatin Valley Food Bank


602 Bond St
Boseman,MT59715 		None PC Charitable 10,000
Orange Unified Public School Fdn


960 N Tustin ST 411
Orange,CA92867 		None PC Charitable 10,000
Boys and Girls Club of Central OC


17701 Cowan Ste 110
Irvine,CA92614 		None PC Charitable 375,000
Boys and Girls Club Fdn


3160Camino Del Rio South Ste 302
San Diego,CA92108 		None PC Charitable 25,000
Hawaii Community Fdn


827 Fort Street Mall
Honolulu,HI96813 		None PC Charitable 200,000
Maui County Food Bank


700 Kolu Street
Wailuku,HI96793 		None PC Charitable 30,000
Total .................................right arrow 3a 1,740,000
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 ........... 		    1 71,186  
4 Dividends and interest from securities ....     1 575,076  
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     1 278  
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    1 1,069,893  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,716,433  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,716,433
(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: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
The Joe MacPherson Foundation Inc
 
Employer identification number

38-3779697
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
The Joe MacPherson Foundation Inc
  		Employer identification number
38-3779697
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Joe MacPherson Lead Trust
191 E Main St 2A
 
Tustin, CA92780

$ 2,328,336


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
The Joe MacPherson Foundation Inc
  		Employer identification number

38-3779697
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The Joe MacPherson Foundation Inc
  		Employer identification number

38-3779697
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID: 23017517
Software Version: 2023v5.1

TY 2023 AccountingFeesSchedule
Name:
The Joe MacPherson Foundation Inc
EIN:
38-3779697
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Auditing Fees 18,110 0 0 0

TY 2023 InvestmentsCorpBondsSchedule
Name:
The Joe MacPherson Foundation Inc
EIN:
38-3779697
Software ID:
23017517
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
Ishares TIPS Bond ETF    
Vanguard ST Bond Fd 1,178,640 1,195,831
Vanguard Intermediate-Term Corp Bd 556,060 567,633
Ishares Core US Aggregate Bond    
Ishares Iboxx$ Invest Grade Corp Bd 212,325 213,463
Ishares Core US Aggregate Bond 982,040 1,008,479
Vanguard Scottsdale FDS Vanguard Interm 1,373,089 1,386,393

TY 2023 InvestmentsCorpStockSchedule
Name:
The Joe MacPherson Foundation Inc
EIN:
38-3779697
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
Microsoft Corp 632,639 1,157,827
Blackrock Inc 345,080 380,734
Costco Wholesale 399,754 625,096
Danaher Corp Del    
Home Depot Inc 128,926 151,442
Honeywell Intl 234,599 299,885
Thermo Fisher Scientific 155,439 151,806
Visa Inc 274,887 432,962
Vanguard Financials ETF 344,628 559,926
Apple Inc 449,744 1,010,590
Nextera Energy Inc    
Elevance Health (Anthem Inc)    
Prologis Inc. 240,622 314,855
Union Pacific Corp 325,404 372,360
Alphabet Inc Cl A 242,273 460,279
Amazon Com Inc 324,524 447,615
Comm Services Select 421,362 620,666
Abbott Labs    
Capital One Finl    
JP Morgan Chase 353,824 457,909
Zoetis 222,663 306,910
Chevron Corp    
Hilton Worldwide 117,550 150,588
Parker Hannifin 294,599 446,879
Select Sector SPDR Tr    
Pacer Benchmark DAta    
Vanguard Small Cap 447,386 577,058
Xtrackers USD High Yield    
Conocophillips    
Equity Residential    
Ford Motor Co    
Marvel Technology    
Sherwin Williams    
SPDR S&P 500 ETF    
Global X Funds Shs US Infrastructure 64,289 81,257
Ishares US Regional    
Sector SPDR Energy 177,026 289,919
SPDR S&P Transportation    
Bristol-Myers Squibb Co    
Cigna Corp eg Shs    
L3Harris Technologies    
McDonalds Corp 272,411 293,545
Palo Alto Networks Inc 122,188 219,391
Procter & Gamble Co 218,777 204,863
Progressive Crp 251,917 345,478
Schlumberger Ltd 183,061 212,635
Starbucks Corp    
Tesla Inc 212,264 223,384
Toronto Dominion Bank 157,062 150,564
Walmart Stores Inc 274,839 361,334
Xcel Energy Inc    
First Trust Cloud Computing 48,063 64,174
Ishares US Aerospace ETF    
SPDR Bloombery 1-3 Month    
Vaneck Semiconductor 132,920 187,635
Amerphenol Corp CL A 212,431 229,486
Boeing Company 303,814 394,118
Boston Scientific Corp 317,350 374,320
Broadcom Inc 137,020 256,738
Eli Lilly Co 289,601 352,667
Exxon mobil Corp 467,156 413,917
Ferrari Nv 189,538 203,396
Kenvue Inc 310,238 296,188
Netflix Com Inc. 262,481 305,274
Meta Platforms Inc 203,113 236,091
Nvidia 241,264 542,761
O'Reilly Automotive Inc 116,946 137,762
Ross Stores Inc Com 130,123 147,939
S&P Global 342,897 367,394
Service Now Inc 201,628 291,074
United Rentals Inc Com 212,424 248,864
Unitedhealth Group Inc 399,505 408,014
Welltower Inc 192,664 213,883
SP500 Stars ISS HSBC 6/26/26 100,000 102,300
SP500 Stars ISS HSBC 11/20/26 100,000 100,000
SP500 Stars ISS TD 7/31/26 100,000 101,500
SP500 Stars ISS TD 8/28/26 100,000 100,600
SP500 Stepup ISS BofA 2/27/26 100,000 109,000
SP500 Stepup ISS HSBC 3/27/26 100,000 107,900
SP500 Stepup ISS TD 1/30/26 50,000 54,750
Invesco KBW Bank ETF 57,431 66,948
Invesco S&P 500 Equal Weight ETF 99,762 100,203
Ishares Edge MSCI Min Vol Emeging Mkt ET 143,039 142,699
Ishares MSCI Min Vol EAFE ETF 140,070 145,683
Ishares US Aerospace ETF 74,318 97,482
Ishares Inc Core MSCI Emerging Mkts ETF 147,063 143,951
Ishares Tr Core MSCI EAFE ETF 431,996 448,200
Ishares Tr Us Infrastructure ETF 38,400 38,780

TY 2023 InvestmentsGovtObligationsSch
Name:
The Joe MacPherson Foundation Inc
EIN:
38-3779697
Software ID:
23017517
Software Version:
2023v5.1
US Government Securities - End of Year Book Value:

2,272,580
US Government Securities - End of Year Fair Market Value:

2,400,709
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
The Joe MacPherson Foundation Inc
EIN:
38-3779697
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Consumer Discretionary SPDR AT COST 279,194 414,839
Health Care Select SPDR AT COST 452,456 605,664
Vanguard Information AT COST 516,160 1,039,148
Sector SPDR Consumers Stpl AT COST 245,133 294,603
Sector SPDR Industrial AT COST 144,165 219,089
Real Estate Select AT COST    
Ishares Biotechnology AT COST 93,901 116,695
Materials Select Sector SPDR AT COST 42,922 69,458
Fidelity MSCI Utilities AT COST    
Invesco Peferred ETF AT COST 543,343 576,517
Ishares 1-3 Year AT COST    
Ishares MBS ETF AT COST 1,019,162 1,014,465
SP500 Step-up Issuer HSBC 12/1/25 AT COST    
SP500 Stepup Issuer TD 9/26/25 AT COST    
SP500 Stepup Issuer BofA 2/28/25 AT COST 100,000 120,000
SP500 Stepup ISS BNS 4/25/25 AT COST 100,000 119,900
SP500 Stepup ISS BNS 3/28/25 AT COST 100,000 115,000
SP500 Stepup Issuer BARC 8/30/24 AT COST    
SP500 Stepup Issuer BNS 4/26/24 AT COST 100,000 120,700
SP500 Stepup Issuer BofA 9/27/24 AT COST 100,000 108,700
SP500 Stepup Issuer BofA 10/25/24 AT COST 100,000 105,900
SP500 Stepup Issuer CIBC 6/28/24 AT COST    
SP 500 Stepup Issuer CIBC 7/26/24 AT COST    
SP500 Stepup Issuer BNS 12/30/24 AT COST 100,000 116,700
SP500 Stepup Issuer CIBC 1/31/25 AT COST 100,000 118,600
REal Estate Select Sector SPDR Fd AT COST 34,528 40,420

TY 2023 OtherAssetsSchedule
Name:
The Joe MacPherson Foundation Inc
EIN:
38-3779697
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Accrued Dividends 1,621 369 369


TY 2023 OtherExpensesSchedule
Name:
The Joe MacPherson Foundation Inc
EIN:
38-3779697
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Fees 200,327 200,327    
Penalties 809      


TY 2023 OtherIncreasesSchedule
Name:
The Joe MacPherson Foundation Inc
EIN:
38-3779697
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
Wash sales 20,883


TY 2023 TaxesSchedule
Name:
The Joe MacPherson Foundation Inc
EIN:
38-3779697
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Charitable Registry/Franchise tax 200      
Federal Income Tax 9,753      
Foreign taxes paid 4,829 4,829