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
Hebson Family 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

45-3455627
B Telephone number (see instructions)

(800) 839-1754
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$6,517,965J 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) 281,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 15,922 15,922  
4 Dividends and interest from securities... 156,647 156,647  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -171,262
b Gross sales price for all assets on line 6a 758,489
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........ 282,307 172,569  
Operating and Administrative Expenses 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).... Click to see attachment
List of Attached Documents:
// Content
44,129 44,129    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,502 1,802    
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 attachment
List of Attached Documents:
// Content
29,471 407   29,064
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,102 46,338   29,064
25 Contributions, gifts, grants paid....... 281,000 281,000
26 Total expenses and disbursements. Add lines 24 and 25 358,102 46,338   310,064
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -75,795
b Net investment income (if negative, enter -0-) 126,231
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 437,180 245,447 245,447
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) 1,175,333 Click to see attachment
List of Attached Documents:
// Content
1,702,679 		1,594,036
b Investments—corporate stock (attach schedule)....... 2,677,411 Click to see attachment
List of Attached Documents:
// Content
2,334,893 		3,126,806
c Investments—corporate bonds (attach schedule)....... 1,732,723 Click to see attachment
List of Attached Documents:
// Content
1,663,833 		1,551,676
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,022,647 5,946,852 6,517,965
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 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 6,022,647 5,946,852
29 Total net assets or fund balances (see instructions)..... 6,022,647 5,946,852
30 Total liabilities and net assets/fund balances (see instructions). 6,022,647 5,946,852
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
6,022,647
2
Enter amount from Part I, line 27a .....................
2
-75,795
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,946,852
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
5,946,852
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 Publicly-traded Securities      
b
c
d
e
(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 758,489   929,751 -171,262
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       -171,262
b
c
d
e
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 -171,262
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,755
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 1,755
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 1,755
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,700
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,800
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
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 44
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow44 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIL
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow55 WALLS DRIVE FL 3FairfieldCT ZIP+4right arrow06824
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
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
Bonita Borne-Singer Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Richard Hebson Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Heather King Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
David Milbrandt Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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...................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
 
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
5,753,143
b
Average of monthly cash balances.......................
1b
424,289
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
6,177,432
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
6,177,432
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
92,661
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,084,771
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
304,239
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
304,239
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,755
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,755
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
302,484
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
302,484
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
302,484
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
310,064
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
310,064
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 7 302,484
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 262,489
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: right arrow$ 310,064
a Applied to 2022, but not more than line 2a 262,489
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..... 47,575
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 .......... 		254,909
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)
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).)
Richard Hebson
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

AIDS ASSISTANCE PROGRAM

1276 N PALM CANYON DR STE 108
PALM SPRINGS,CA92262 		N/A PC Youth Outreach Program 40,000

ALEXS LEMONADE STAND FOUNDATION

333 E LANCASTER AVE 414
WYNNEWOOD,PA19096 		N/A PC Travel for Care 50,000

COMPASSION INTERNATIONAL INCORPORATED

12290 VOYAGER PKWY
COLORADO SPRINGS,CO80921 		N/A PC Ghana AIDS/HIV Intervention 41,000

ELTON JOHN AIDS FOUNDATION INC

584 BROADWAY RM 1006
NEW YORK,NY10012 		N/A PC Rocket Fund 40,000

MAGIC YARN PROJECT

PO BOX 83
PALMER,AK99645 		N/A PC General & Unrestricted 30,000

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

501 ST JUDES PL
MEMPHIS,TN38105 		N/A PC General & Unrestricted 40,000

THE NEXT STEP FUND INC

99 BISHOP ALLEN DR
CAMBRIDGE,MA02139 		N/A PC General & Unrestricted 40,000
Total .................................right arrow 3a 281,000
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 ........... 		    14 15,922  
4 Dividends and interest from securities ....     14 156,647  
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 -171,262  
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) ..   1,307  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,307
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
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
Hebson Family Foundation
 
Employer identification number

45-3455627
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
Hebson Family Foundation
  		Employer identification number
45-3455627
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
Hebson Richard
PO Box 980
 
Rancho Mirage, CA92270

$ 281,000


(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
Hebson Family Foundation
  		Employer identification number

45-3455627
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
Hebson Family Foundation
  		Employer identification number

45-3455627
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:  
Software Version:  

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TY 2023 DepreciationSchedule
Name:
Hebson Family Foundation
EIN:
45-3455627
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

TY 2023 InvestmentsCorpBondsSchedule
Name:
Hebson Family Foundation
EIN:
45-3455627
Name of Bond End of Year Book Value End of Year Fair Market Value
AECOM - 5.125% - 03/15/2027 14,263 12,905
AMAZON COM INC - 1.500% - 06/0 15,018 12,721
AMERICAN EXPRESS CO - 3.550% - 15,786 13,717
AMERICAN EXPRESS CO NOTE - 3.0 23,973 24,568
AMERICAN TOWER CORP - 0.000% - 12,836 13,132
ARCONIC INC - 5.900% - 02/01/2 1,170 1,026
AT&T INC - 1.650% - 02/01/2028 30,796 31,194
AVALONBAY COMMUNITIES - 3.500% 24,756 24,618
BALL CORP - 2.875% - 08/15/203 13,280 13,731
BANK AMER CORP - 3.500% - 04/1 11,316 9,735
BB&T CORP - 2.850% - 10/26/202 34,291 34,237
BK OF AMERICA CORP - 4.330% - 16,541 12,368
BOEING CO - 5.150% - 05/01/203 16,305 14,271
BOSTON PPTYS LTD - 4.500% - 12 22,505 19,038
BP CAP MKTS AMER - 4.234% - 11 25,161 24,860
BURLINGTON NORTHN SANTA FE - 3 15,017 14,811
CANADIAN PAC RY CO NT - 2.450% 32,605 29,737
CATERPILLAR FINL SVCS MTNS BE 30,625 29,707
CELANESE US HLDGS LLC NOTE - 6 11,904 12,075
CENTENE CORP - 2.500% - 03/01/ 15,355 13,327
CHARTER COM OPERATING - 4.908% 12,724 11,888
CHENIERE ENERGY PARTNERS - 4.5 13,125 13,362
CHURCH &DWIGHT CO INC NOTE - 2 16,078 17,024
CIT GROUP INC - 6.125% - 03/09 15,689 14,255
CITIGROUP INC - 3.200% - 10/21 11,122 9,543
CITIGROUP INC - 3.400% - 05/01 23,390 24,132
COMCAST CORP NOTE - 3.950% - 1 35,863 34,529
COMMONSPIRIT - 3.347% - 10/01/ 13,273 11,884
COSTCO - 2.750% - 05/18/2024 24,274 24,740
CROWN CASTLE INTL CORP NEW NOT 14,371 12,523
CVS CAREMARK CORP NOTE - 4.300 20,610 19,684
DCP MIDSTREAM OPERATING PL - 5 13,975 13,007
DELL INTL LLC/EMC CORP NOTE - 15,890 14,430
DIAMONDBACK ENERGY - 3.250% - 12,153 11,637
DIAMONDBACK ENERGY INC - 3.500 2,091 1,860
DIGITAL RLTY TR INC - 3.700% - 17,181 14,469
DISCOVERY COMMUNICATIONS LLC - 14,305 12,372
DISNEY WALT CO - 2.000% - 09/0 38,525 35,506
ENERGY TRANSFER PARTNERS DTD - 14,140 12,790
EOG RES - 4.150% - 01/15/2026 20,504 19,819
ERP OPER LTD - 3.250% - 08/01/ 24,978 23,766
FISERV INC - 4.200% - 10/01/20 14,004 12,713
FORTUNE BRANDS HOME & SECURITY 38,498 32,387
FREEPORT MCMORAN INC NOTE - 4. 14,193 13,142
GOLDMAN SACHS GROUP - 3.500% - 11,194 9,633
GOLDMAN SACHS GROUP INC NOTE - 12,358 12,707
HCA INC - 5.375% - 02/01/2025 14,474 12,983
HOME DEPOT INC - 2.950% - 06/1 15,679 14,113
HOWMET AEROSPACE - 6.875% - 05 13,971 12,172
JP MORGAN CHASE - 3.125% - 01/ 15,170 14,687
JPMORGAN CHASE &CO - 3.157% - 16,002 12,399
JPMORGAN CHASE &CO NT - 1.470% 19,212 18,123
KIMCO REALTY CORP - 3.300% - 0 19,084 19,573
KINDER MORGAN - 4.300% - 06/01 12,956 12,837
KRAFT HEINZ FOODS COSER B NOTE 14,245 13,399
KROGER CO - 3.700% - 08/01/202 31,259 30,978
LOWES COS INC NOTE CALL MAKE W 34,886 29,868
MAGELLAN MIDSTREAM PRTNRS LP - 32,216 27,195
MATADOR RES CO SER B - 5.875% 12,805 12,903
MICROSOFT CORP NOTE - 2.525% - 7,484 11,665
MORGAN STANLEY - 3.625% - 01/2 19,529 19,402
MORGAN STANLEY FR - 3.700% - 1 15,519 14,805
MORGAN STANLEY MTN CALL MAKE W 12,922 12,675
NEWELL BRANDS NEWELL BRANDS IN 14,491 13,811
OLIN CORP NOTE - 5.625% - 08/0 12,675 12,793
ORACLE CORP - 2.800% - 04/01/2 12,812 13,211
PACKAGING CORP AMER - 3.000% - 33,393 27,188
PARKER HANNIFIN CORP - 2.700% 25,574 24,671
PROLOGIS LP - 1.625% - 03/15/2 27,944 26,735
PULTE GROUP INC NOTE CALL MAKE 14,942 14,080
REPUBLIC SVCS INC - 2.300% - 0 31,815 26,448
SHELL INT'L FINANCE - 2.875% - 19,075 19,258
SONOCO PRODS CO NT - 2.850% - 15,594 13,642
SOUTHWEST AIRLINES CO - 3.000% 14,090 14,281
SPRINT CORP SR GLBL NT - 7.125 13,785 12,052
SYSCO - 2.400% - 02/15/2030 25,309 22,085
TARGET - 2.350% - 02/15/2030 22,417 22,340
TEVA PHARMACEUTICAL NOTE - 3.1 12,653 12,963
TRUIST FINL CORP TIER I PERP B 14,271 12,882
TYSON FOODS INC SR NT - 3.950% 32,636 31,628
UNITED RENTALS - 5.500% - 05/1 7,267 7,015
UNITED RENTALS INC - 3.875% - 6,353 6,360
VERIZON COMMUNICATIONS - 3.550 15,574 11,576
VERIZON COMMUNICATIONS - 4.125 16,106 14,790
WASTE CONNECTIONS INC - 2.600% 32,459 26,960
WELLS FARGO & CO - 3.000% - 04 26,139 23,956
WELLS FARGO & CO - 3.000% - 10 11,033 9,498
WELLS FARGO &CO - 2.879% - 10/ 12,543 12,462
WELLTOWER INC NOTE CALL MAKE W 7,394 6,953
WP CAREY INC - 2.400% - 02/01/ 15,548 12,698
WYNDHAM DESTINATIONS - 5.400% 14,517 13,983

TY 2023 InvestmentsCorpStockSchedule
Name:
Hebson Family Foundation
EIN:
45-3455627
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 18,821 11,479
AAR CORP 4,736 8,112
ABBOTT LABS 28,518 34,892
ACCENTURE PLC 20,870 41,056
ADOBE SYSTEMS, INC 46,696 88,893
ADVANCED ENERGY IND INC 7,068 11,981
AFFILIATED MANAGERS GROUP 10,932 12,871
AGCO CP 2,134 3,764
AIA GROUP LTD ADR 11,751 11,060
ALBANY INTERNATIONAL CORP 5,479 7,759
ALCON INC 4,756 5,859
ALFA LAVAL AB 3,789 5,997
ALIGN TECHNOLOGY, INC 9,524 9,316
ALLIANZ SE 13,467 16,254
ALLISON TRANMISSION HOLDINGS 8,763 12,735
ALPHABET INC CL A 15,391 33,665
ALPHABET INC CL C 27,610 62,009
ALTRIA GROUP INC 15,428 13,111
AMAZON COM 128,613 131,733
AMER FIN GRP HLD 5,992 8,679
AMERCO NON VOTING ORD SHS SERI 7,698 12,679
AMERICOLD REALTY TRUST 12,703 12,441
AMICUS THERAPEUTICS INC 6,837 7,379
AMKOR TECHNOLOGY, INC 1,995 3,294
APPLIED IDNS TECH 2,014 3,972
ARCHROCK INC 2,821 5,667
ARROWHEAD PHARMACEUTICALS INC 2,102 2,540
ATLAS COPCO AB A SHS ADR 6,775 15,437
ATRICURE, INC. 2,799 2,213
AUTODESK, INC 38,694 42,609
AVANTOR HOLDINGS INC 6,920 7,831
BAKER HUGHES COMPANY 8,301 14,014
BANCO BILBAO ARG SA 5,495 7,971
BANK OF AMERICA CORP 19,422 20,640
BCE INC 21,483 19,099
BJ'S WHLSL CLUB INC 7,448 9,666
BOK FINANCIAL CORP 7,113 8,308
BOX INC 5,782 5,813
BROADCOM INC 16,588 45,766
C T S CP 4,070 4,199
CABOT CP 5,104 8,434
CANADIAN NATL RAILWAY CO 2,922 4,271
CARLISLE COS INC 2,719 4,999
CASELLA WASTE SYSTEMS INC 6,606 13,161
CHAMPIONX CORP 3,411 6,835
CHARLES SCHWAB INTRNTNL EQ 50,086 50,635
CHEVRON CORP 16,845 23,418
CHUBB LIMITED 21,908 34,126
CHUGAI PHARMACEUTICAL CO., LTD 3,929 6,070
CISCO SYSTEMS INC 16,740 17,631
COGNIZANT TECHNOLOGY SOLUTIONS 11,976 13,293
COMCAST CORP 16,063 17,847
CONMED CORPORATION 6,500 7,666
CONOCOPHILLIPS 14,592 26,348
DARLING INGREDIENTS INC 4,792 7,326
DASSAULT SYS SA SPN ADR 6,834 10,294
DBS GROUP HLDGS SPON ADR 10,101 13,366
DECKERS OUTDOOR CORPORATION 6,326 12,700
DIAGEO PLC ADS 13,838 12,818
DIODES 5,343 6,442
DOCUSIGN INC 27,043 12,068
DOLBY LABORATORIES 2,998 3,706
DOW INC 15,737 16,123
DUKE ENERGY CO 16,470 18,049
DYNAVAX TECHNOLOGIES CORP 1,682 2,237
EAGLE MATERIALS INC 8,786 14,807
EMCOR GROUP INC 2,916 8,833
ENCOMPASS HEALTH CORPORATION 9,242 12,276
ENERSYS 5,902 7,774
ENTEGRIS INC 3,499 5,632
EPIROC AB 2,994 5,819
EXELIXIS, INC. 4,914 5,806
EXLSERVICE HOLDINGS INC 1,517 3,856
EXXON MOBIL CORP 19,163 27,395
F M C CP 9,869 6,053
FIDELITY NATIONAL FINANCIAL IN 9,698 13,775
FIRSTCASH HOLDINGS INC 4,899 6,829
FLOWSERVE CP 5,068 8,038
FOMENTO ECONOMICO MEXICANO 9,664 16,033
FORMFACTOR INC. 5,162 10,636
FRANKLIN ELECTRIC CO., INC 6,099 10,825
GARTNER INC 11,206 32,029
GATX CORP INC 5,137 7,694
GEN DYNAMICS CP 13,317 20,254
GENUINE PARTS COMPANY 14,512 19,806
HAIER SMART HOME ADR 8,098 6,878
HDFC BANK LTD ADR 2,956 4,027
HEXCEL CP DELAWARE 9,162 10,325
HOULIHAN LOKEY INC 11,671 19,186
HYATT HOTELS CORP 4,992 10,172
ICICI BK LTD ADS 3,151 8,320
INFINEON TECH ADS 7,912 15,066
INSPERITY INC 3,532 4,454
INTEL CORP 18,771 18,743
INTERPUBLIC GROUP OF COS 8,712 11,848
IRHYTHM TECHNOLOGIES INC 3,957 5,031
ISHARES MSCI EMERGING MARKETS 86,996 93,809
ITT INC 2,013 4,176
JFROG 3,181 4,049
JOHNSON & JOHNSON 21,309 24,608
JOHNSON CONTROLS INTERNATIONAL 17,111 22,249
JP MORGAN CHASE 22,555 32,489
KARUNA THERAPEUTICS ORD SHS 2,491 5,064
KERING UNSPON ADR EA REPR 0.1 3,602 3,097
KIMBERLY CLARK CORP 13,299 14,095
KOMATSU LTD 4,088 5,114
KUBOTA CORPORATION 4,919 4,493
L'AIR LIQUIDE ADR OTC 2,721 4,869
L'OREAL ADR 8,981 16,204
LATTICE SEMICONDUCTOR 4,792 6,416
LINDE PLC COM 2,380 5,750
LITHIA MOTORS INC CL A 6,394 7,244
LITTELFUSE, INC 6,573 8,027
LIVE NATION INC COM 8,197 10,764
LKQ CORPORATION 6,812 9,606
LOEWS CORP 4,584 6,472
LONZA GROUP AG UNSP/ADR 3,744 5,009
LOWES COMPANIES INC 9,718 17,359
MANULIFE FIN CORP 5,788 7,625
MASTERCARD INC 34,783 50,328
MATADOR RESOURCES COMPANY 2,901 3,412
MATERION CORP 2,893 4,945
MEDPACE HOLDINGS, INC 3,409 4,598
MEDTRONIC PLC 25,216 20,183
MERCK & CO INC 19,624 30,090
MERITAGE CORPORATION 4,399 11,323
MICROSOFT CORP 37,826 95,514
MOHAWK INDS INC 2,697 3,209
MOLINA HEALTHCARE 4,168 9,755
MOOG INC CL A 5,050 9,411
MORGAN STANLEY 15,872 27,695
NESTLE S.A 3,713 4,972
NETFLIX INC 59,980 81,309
NEW YORK TIMES CO CL A 4,137 5,781
NEXTERA ENERGY, INC 19,614 21,806
NIKE INC-CL B 13,998 17,805
NOVARTIS AG ADR 15,769 21,910
OIL CO LUKOIL PJSC SPON ADR RE 7,401 626
PARSONS ORD SHS 6,787 10,661
PAYPAL HOLDINGS, INC 32,460 18,055
PFIZER INC 20,615 15,028
PHILIP MORRIS INTL 20,800 23,708
PLEXUS CORPORATION INC 4,725 7,353
POWER INTEGRATIONS, INC 1,583 3,613
PROGRESSIVE CORP OHIO 4,361 7,645
PT TELEKOM. IND. TBK ADR 4,031 4,663
REGAL REXNORD CORP 5,656 6,365
REINSURANCE GROUP AMER INC 7,774 9,869
RENAISSANCERE HOLDINGS LTD 4,232 5,292
RIO TINTO PLC SPONSORED ADR 5,568 7,967
RITCHIE BROS AUCTIONEERS 8,971 12,308
ROCHE HOLDING LTD ADR 7,652 8,659
RYDER SYSTEM 2,638 6,098
SALESFORCE.COM 49,316 69,995
SANDOZ GROUP AG 862 1,376
SANMINA-SCI CORPORATION 4,844 8,425
SAP AKTIENGESELL ADS 7,258 9,739
SCHNEIDER ELEC UNSP/ADR 6,074 12,592
SERVICE NOW 36,324 72,768
SHELL ADR EACH REPRESENTING 2 6,390 8,225
SHOCKWAVE MEDICAL ORD SHS 2,814 5,526
SIEMENS AG 17,406 26,191
SMITH A O CORP DEL COM 3,843 5,688
SNAP ON INC 7,008 12,131
SONOVA HOLDING AG AD 2,350 4,050
SOUTH STATE CORPORATION 6,171 7,178
SPDR S&P AEROSPACE AND DEFENSE 58,005 67,710
SPX CORPORATION 6,561 12,020
SS&C TECHNOLOGIES INC 12,141 13,261
STAG INDUSTRIAL INC 5,483 6,713
STIFEL FINANCIAL CP 3,967 6,154
SYMRISE AG UNSPONSORED 3,995 5,089
TAIWAN SEMICONDUCTOR MFG CO LT 5,007 11,232
TARGET CORPORATION 13,963 15,239
TELEDYNE TECH INC 3,987 5,802
TENCENT HOLDINGS LIMITED 10,860 7,482
THERMO FISHER SCIENTIFIC INC 27,653 27,601
TIMKEN CO COM 5,221 8,336
TOPBUILD CORP 4,543 8,982
TRAVELERS COMPANIES INC 11,305 16,192
UNICHARM CORP - SPN ADR 4,610 4,826
UNILEVER PLC AMER 16,690 14,496
UNITED PARCEL SERVICE 19,968 18,081
UNITEDHEALTH GROUP INC 21,489 35,800
VANGUARD VALUE ETF 51,934 54,269
VENTAS INC 8,822 10,616
VERACYTE INC 1,674 2,366
VICI PROPERTIES INC 16,928 17,566
VISA INC 34,031 49,467
VISTRA ENERGY CORP 9,330 18,181
WEYERHAEUSER CO 7,953 8,380
WHITE MTN INS LTD 8,479 13,545
YANDEX N V 1,725 1,061
ZIMMER BIOMET HOLDINGS 9,843 10,466
ZOETIS INC 17,050 27,040
ZURN WATER SOLUTIONS 3,024 3,559

TY 2023 InvestmentsGovtObligationsSch
Name:
Hebson Family Foundation
EIN:
45-3455627
US Government Securities - End of Year Book Value:

1,618,804
US Government Securities - End of Year Fair Market Value:

1,523,894
State & Local Government Securities - End of Year Book Value:


83,875
State & Local Government Securities - End of Year Fair Market Value:


70,142


TY 2023 OtherExpensesSchedule
Name:
Hebson Family Foundation
EIN:
45-3455627
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 29,038     29,038
Bank Charges 407 407    
State or Local Filing Fees 26     26


TY 2023 OtherProfessionalFeesSchedule
Name:
Hebson Family Foundation
EIN:
45-3455627
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 44,129 44,129    


TY 2023 TaxesSchedule
Name:
Hebson Family Foundation
EIN:
45-3455627
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 1,700      
Foreign Tax Paid 1,802 1,802