TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
G4 Charitable Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

87-3651162

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$5,340,244J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	73		73
4	Dividends and interest from securities...	100,661		100,661
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-191,410
b	Gross sales price for all assets on line 6a 1,772,537
7	Capital gain net income (from Part IV, line 2)...			0
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........	-90,676		100,734
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	39,022	39,022
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,430	830
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........	221			221
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	20,596	223	20,373
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	61,269		40,075	20,594
25	Contributions, gifts, grants paid.......	200,233			200,233
26	Total expenses and disbursements. Add lines 24 and 25	261,502		40,075	220,827
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-352,178
b	Net investment income (if negative, enter -0-)			60,659
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	81,402	66,404	66,404
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	4,303,605	List of Attached Documents: // Content 3,904,646	4,231,190
	c	Investments—corporate bonds (attach schedule).......	1,037,153	List of Attached Documents: // Content 1,098,932	1,042,650
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,422,160	5,069,982	5,340,244
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	5,422,160	5,069,982
	29	Total net assets or fund balances (see instructions).....	5,422,160	5,069,982
	30	Total liabilities and net assets/fund balances (see instructions).	5,422,160	5,069,982

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

5,422,160

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

-352,178

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

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

5,069,982

Decreases not included in line 2 (itemize) right arrow

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

5,069,982

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	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,772,537	1,860,853	-88,316
b
c
d
e

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			-88,316
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-88,316
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 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	843
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	843
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	843
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	600
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	300
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	900
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	3
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	54
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax54	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

Yes

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Barbara Goel	Dir, Sec, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec, Treas 1.0	0	0	0
Duncan Goel	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Hemant Goel	Dir, Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 1.0	0	0	0
Stephanie Goel	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0

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










Total number of other employees paid over $50,000...................

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

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,851,343

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

105,951

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

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

4,957,294

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

4,957,294

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

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

74,359

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

4,882,935

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

244,147

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

244,147

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

843

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

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

843

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

243,304

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

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

243,304

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

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

243,304

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

220,827

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

220,827

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				243,304
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			188,323
b Total for prior years:2021, 2020, 2019
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $ 220,827
a Applied to 2022, but not more than line 2a			188,323
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....				32,504
e Remaining amount distributed out of corpus		0
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		0
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 ..........				210,800
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....	0

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

Barbara Goel

Hemant Goel

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or 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)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BS TONEY THE UNIVERSITY OF ALABAMA PO BOX 87 TUSCALOOSA,AL35487	NONE	I	SCHOLARSHIP GRANT	233
GEORGIA SOUTHERN UNIVERSITY FOUNDATION INC PO BOX 8053 STATESBORO,GA30460	N/A	PC	Goel Scholarship Fund	200,000
Total ................................. 3a				200,233

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	73
4 Dividends and interest from securities ....			14	100,661
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	-191,410
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) ..				-90,676

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

-90,676

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

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

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2023 DepreciationSchedule

Name:

G4 Charitable Foundation

EIN:

87-3651162

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

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

G4 Charitable Foundation

EIN:

87-3651162

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE - 4.450% - 05/14/2046	25,325	20,268
AMAZON COM INC NOTE - 3.100% -	11,407	8,214
AMERICAN EXPRESS CO NOTE - 4.4	11,974	11,575
AMGEN INC NOTE - 5.250% - 03/0	17,900	18,480
ANHEUSER BUSCH - 4.000% - 04/1	23,105	20,756
APA CORP - 4.250% - 01/15/2030	11,712	12,236
APPLE INC - 4.850% - 05/10/205	9,011	9,209
ASBURY AUTOMOTIVE GROUP INC SE	16,815	17,747
AT&T - 4.250% - 03/01/2027	20,864	18,799
AT&T INC NOTE - 4.750% - 05/15	9,431	7,256
BALL CORP BOND - 5.250% - 07/0	12,127	10,989
BANK AMERICA CORP - 5.288% - 0	9,022	9,048
BANK OF AMERICA - 5.875% - 03/	13,556	11,487
BAT CAPITAL CORP - 2.726% - 03	10,559	9,238
BK OF AMERICA CORP SER N MTN -	10,445	8,728
BRISTOL-MYERS - 6.250% - 11/15	8,996	10,342
BROADCOM CORP/BROADCOM CAYMAN	20,112	18,543
CENTENE CORP - 2.500% - 03/01/	13,576	12,494
CHARTER COM OPERATING - 4.908%	14,242	12,879
CITIGROUP INC BOND PERPETUAL -	15,424	13,949
CITIGROUP INC NOTE - 4.910% -	11,038	10,789
COMCAST CORP NEW NOTE - 3.200%	22,229	18,548
COMMERCIAL METALS CO NOTE - 3.	14,604	15,045
CONAGRA BRANDS INC - 4.600% -	17,370	15,844
CONOCOPHILLIPS NOTE CALL MAKE	12,023	12,789
CROWDSTRIKE HLDGS INC NOTE - 3	18,491	17,179
CROWN CORK &SEAL INCBOND CALL	15,940	15,750
DOLLAR GEN CORP NOTE - 4.125%	24,103	21,561
DUKE ENERGY CORP NOTE - 5.000%	16,265	17,811
ENERGY TRANSFER L P NOTE - 5.7	9,041	9,285
ENTERPRISE PRODS OPER LLC - 4.	8,596	8,944
FIFTH THIRD BANCORP NOTE - 4.3	12,727	12,115
FORD MTR CO DEL NT - 3.250% -	11,059	9,159
FREEPORT MCMORAN INC NOTE - 5.	20,006	18,762
GENERAL MTRS FINL COINC NOTE -	23,708	21,573
GILEAD SCIENCES - 5.250% - 10/	18,005	18,728
GLP CAP LP/GLP FING II INC NOT	10,862	9,938
GOLDMAN SACHS - 3.691% - 06/05	11,755	10,517
GOLDMAN SACHS GROUP INC NOTE -	11,000	10,557
HCA INC - 5.625% - 09/01/2028	14,863	13,315
HCA INC. NOTE - 5.250% - 04/15	6,686	5,994
INTERCONTINENTAL EXCHANGE INC	15,692	16,080
JP MORGAN CHASE - 3.540% - 05/	14,941	13,370
JPMORGAN CHASE NOTE - 4.625% -	12,091	11,955
LAMAR MEDIA CORP SER B NOTE -	12,883	12,218
LOWES - 5.750% - 07/01/2053	12,992	13,823
MACYS RETAIL HLDGS INC NOTE -	23,317	26,734
MICROSOFT CORP NOTE - 2.525% -	18,990	13,723
MORGAN STANLEY - 5.449% - 07/2	24,924	25,497
MPLX LP - 4.125% - 03/01/2027	23,825	21,544
MPT OPER PTSHP LP/MPT FIN CORP	18,278	12,222
NETFLIX INC - 4.875% - 04/15/2	24,758	22,302
OCCIDENTAL PETE CORP NOTE - 5.	12,042	11,005
ORACLE CORP NOTE - 6.900% - 11	12,047	14,089
PFIZER INVT - 4.750% - 05/19/2	12,971	13,032
PNC FINL SVCS GROUP - 5.939% -	12,000	12,499
ROYAL CARIBBEAN CRUISES - 7.50	12,139	12,622
RTX CORP NOTE - 6.100% - 03/15	12,099	13,050
SBA COMMUNICATIONS CORP SER B	20,265	21,133
SCHWAB CHARLES CORP BOND PERPE	9,844	8,879
SOUTHWESTERN ENERGY CO SER B N	8,370	8,784
T MOBILE USA INC NOTE CALL MAK	17,715	18,174
TENET HEALTHCARE CORP SER B NO	20,665	20,768
THE CIGNA GROUP NOTE - 5.400%	12,960	13,544
TRUIST FINL CORP - 7.161% - 10	9,057	9,730
TWILIO INC NOTE CALL MAKE WHOL	19,020	17,332
UNITED AIRLINES PTC SER 2020-1	8,517	7,861
UNITED HEALTH GROUP INC - 4.75	8,850	8,689
UNITED RENTALS - 5.250% - 01/1	13,770	12,824
VERIZON COMMUNICATIONS INC - 2	5,548	4,089
VIRGINIA ELEC & PWR CO NOTE -	7,420	7,241
WALMART - 4.500% - 04/15/1953	10,970	10,738
WELLS FARGO & CO SER O MTN - 4	10,911	7,981
WESTERN DIGITAL CORP - 4.750%	15,455	13,740
WILLIAMS COMPANIES INC NOTE -	12,971	13,607
YUM BRANDS INC NOTE CALL MAKE	14,661	15,331

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

G4 Charitable Foundation

EIN:

87-3651162

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	18,364	18,162
ACCENTURE PLC	24,257	30,880
ADVANCED MICRO DEVICES INC	17,759	26,681
ADVANTEST CORP - ADR	17,277	16,335
ALLEGION PLC	66,527	66,512
ALPHABET INC CL A	69,999	80,461
AMAZON COM	86,401	93,747
AMERICAN TOWER REIT INC	84,951	76,206
AMERIPRISE FINANCIAL INC	13,799	19,371
ANSYS INC	20,030	25,039
APPLE INC	67,566	83,365
APPLIED MATERIALS INC	64,078	82,980
ASHTEAD GROUP PLC	15,904	17,339
ASM INTERNATIONAL NV	27,047	32,190
ASML HOLDING NV NY REG SHS	43,221	46,929
ASPEN TECHNOLOGY INC COM	18,353	20,694
ASTRAZENECA	11,357	10,439
ATLAS COPCO AB A SHS ADR	18,378	21,581
BENTLEY SYSTEMS INC CL B	25,869	31,569
BERKLEY W R CP	16,923	21,287
BOSTON SCIENTIFIC	11,878	17,805
BRIGHT HORIZONS FAMILY SOLUTIO	16,060	14,230
BROADCOM INC	51,581	81,486
BRUNELLO CUCINELLI S P A UNSPO	14,463	17,480
CARRIER GLOBAL	48,123	54,750
CHARLES RIV LABORATORIES INTL	31,280	22,458
CHEMED CORP	14,539	16,958
CHIPOTLE MEX GRILL	15,368	18,296
CHOICE HOTELS INTERNATIONAL IN	14,608	13,369
CINTAS CRP	42,513	63,279
COMPASS GROUP PLC ADR	22,572	24,556
COOPER COMPANIES INC	28,001	28,005
CORTEVA INC	54,563	43,655
COSTCO WHOLESALE CORPORATION	19,811	26,403
CSX CORP	48,807	54,189
CYBERARK SOFTWARE LTD	20,215	25,191
DANAHER CORP	10,284	10,410
DASSAULT SYS SA SPN ADR	19,173	22,549
DOLBY LABORATORIES	16,633	19,218
ELI LILLY & CO	25,357	41,970
EQUIFAX INC	25,114	22,751
EXPONENT, INC	18,752	16,287
FAIR ISSAC & CO INC	6,104	16,296
FERGUSON PLC	5,901	5,985
FERRARI NV	37,938	46,365
GLOBANT SA	18,246	21,418
GUGGENHEIM TOTAL RETURN BOND F	598,183	518,650
HDFC BANK LTD ADR	12,152	12,684
HENRY JACK & ASSOC INC	20,179	19,609
HERMES INTL 10 ADR	33,934	38,481
HONEYWELL INTL	11,483	12,792
HONG KONG EX&CL UNSP/ADR	8,525	7,261
INDUSTRIA DE DISENO	23,156	27,056
INTERACTIVE BROKERS GROUP, INC	14,399	15,917
INTUIT	64,715	85,629
INTUITIVE SURGICAL	11,606	17,543
JAMES HARDIE IND ADR	4,360	4,447
L'OREAL ADR	34,926	39,466
LENNOX INTL INC	18,399	27,299
LOWES COMPANIES INC	52,293	51,409
LPL FINANCIAL HOLDINGS INC	16,870	22,079
LULULEMON ATHLETICA INC	16,736	23,008
LVMH MOET HENN UNSP	28,795	27,617
MASTERCARD INC	70,125	81,037
MBLY	10,775	11,307
MERCADOLIBRE, INC	30,380	42,432
META PLATFORMS INC	49,507	58,403
MICROCHIP TECHNOLOGY INC	50,667	54,288
MICROSOFT CORP	171,222	213,215
MONDAY.COM LTD	16,021	17,091
MOODYS CORP	53,418	56,631
MSCI INC	48,384	50,909
NIKE INC-CL B	23,628	20,845
NORDSON CP	23,460	25,888
NORTHEAST UTIL	17,072	21,108
NOVO NORDISK A S	32,117	47,794
O'REILLY AUTOMOTIVE INC	11,646	17,101
PALO ALTO NETWORKS INC	9,393	17,988
PARKER HANNIFIN CP	8,792	15,664
PERNOD RICARD S A SPONSORED AD	12,370	10,202
POOL CORP	35,742	29,106
ROCKWELL AUTOMATION INC	10,454	11,798
ROLLINS INC	15,655	19,957
ROPER INDUSTRIES	49,831	57,243
S&P GLOBAL INC COM	14,475	18,502
SAFRAN SA - UNSPON ADR	18,220	23,433
SAIA, INC	11,155	17,967
SALESFORCE.COM	22,340	32,629
SCHLUMBERGER LTD	9,875	14,311
SCHNEIDER ELEC UNSP/ADR	21,500	24,822
SCOTTS CO. CLASS A	29,797	11,985
SHERWIN-WILLIAMS CO	79,001	80,470
SITEONE LANDSCAPE SUPPLY INC	23,850	17,550
STARBUCKS CORP COM	42,803	43,397
TAIWAN SEMICONDUCTOR MFG CO LT	40,168	40,872
TECHTRONIC INDS SPD ADR	7,541	7,696
TELEDYNE TECH INC	18,340	18,298
TERADYNE INC	32,118	21,813
THE COCA-COLA CO	25,110	24,102
THERMO FISHER SCIENTIFIC INC	79,930	72,187
THOR INDS INC	22,102	24,833
TJX COMPANIES INC	18,282	27,111
UNION PACIFIC	20,124	22,106
UNITEDHEALTH GROUP INC	75,016	80,023
VISA INC	77,291	93,726
WATSCO INC	15,979	23,137
ZEBRA TECHNOLOGIES CORP	37,462	18,860
ZOETIS INC	56,803	54,869
ZURN WATER SOLUTIONS	18,050	18,411

- TIN:

TY 2023 OtherExpensesSchedule

Name:

G4 Charitable Foundation

EIN:

87-3651162

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	20,240		20,240
Bank Charges	223	223
Postage/Delivery Service	108		108
State or Local Filing Fees	25		25

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

G4 Charitable Foundation

EIN:

87-3651162

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	39,022	39,022

- TIN:

TY 2023 TaxesSchedule

Name:

G4 Charitable Foundation

EIN:

87-3651162

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023	600
Foreign Tax Paid	830	830