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
VOLENTINE FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)19 WEST CARRILLO STREET STE B
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA BARBARA, CA93101
A Employer identification number

77-0203235
B Telephone number (see instructions)

(805) 962-5719
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$31,449,222J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 9,670 9,670  
4 Dividends and interest from securities... 597,753 597,753  
5a Gross rents............ 57,392 57,392  
b Net rental income or (loss) -17,228
6a Net gain or (loss) from sale of assets not on line 10 415,737
b Gross sales price for all assets on line 6a 4,596,577
7 Capital gain net income (from Part IV, line 2)... 415,737
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,119 42,717  
12 Total. Add lines 1 through 11........ 1,123,671 1,123,269  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 217,320 86,250   118,750
14 Other employee salaries and wages...... 17,315 17,315   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
78,827 59,120   19,707
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
301,459 296,584   4,875
17 Interest............... 8,317 8,317   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
64,785 14,147   10,181
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
62,686 48,572  
20 Occupancy.............. 21,271 10,636   10,635
21 Travel, conferences, and meetings....... 15,699 7,850   7,849
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
81,298 58,934   9,739
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 868,977 607,725   181,736
25 Contributions, gifts, grants paid....... 1,314,680 1,314,680
26 Total expenses and disbursements. Add lines 24 and 25 2,183,657 607,725   1,496,416
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,059,986
b Net investment income (if negative, enter -0-) 515,544
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............. 123,074 142,594 142,594
2 Savings and temporary cash investments......... 449,793 349,055 349,055
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow1,327,650
Less: accumulated depreciation (attach schedule) right arrow503,095 866,930 Click to see attachment
List of Attached Documents:
// Content
824,555 		1,485,159
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 22,349,805 Click to see attachment
List of Attached Documents:
// Content
21,438,807 		28,240,991
14 Land, buildings, and equipment: basis right arrow1,143,827
Less: accumulated depreciation (attach schedule) right arrow460,335 703,380 Click to see attachment
List of Attached Documents:
// Content
683,492 		1,231,423
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,158 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,494,140 23,438,503 31,449,222
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) Click to see attachment
List of Attached Documents:
// Content
4,468 		Click to see attachment
List of Attached Documents:
// Content
8,817
23 Total liabilities (add lines 17 through 22)......... 4,468 8,817
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 24,489,672 23,429,686
29 Total net assets or fund balances (see instructions)..... 24,489,672 23,429,686
30 Total liabilities and net assets/fund balances (see instructions). 24,494,140 23,438,503
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
24,489,672
2
Enter amount from Part I, line 27a .....................
2
-1,059,986
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
23,429,686
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,429,686
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 GOLDMAN SACHS # 7660 - HARDING (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
b GOLDMAN SACHS #8452 - EQUITIES & FIXED INCOME (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
c GOLDMAN SACHS #8718 - CORPORATE FIXED INCOME (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
d GOLDMAN SACHS #8726 (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
e GOLDMAN SACHS #9921 (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
GOLDMAN SACHS #9939 (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
MONTECITO BANK & TRUST #8459-00 (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
MONTECITO BANK & TRUST #8459-01 (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
NORTHERN TRUST #96747 (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
NORTHERN TRUST #6783 (DETAIL UPON REQUEST)   2023-01-01 2023-12-23
NT PRIVATE EQUITY PARTNERSHIP   2023-01-01 2023-12-23
COST BASIS ADJUSTMENT   2023-01-01 2023-12-23
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 126,371   101,905 24,466
b 606,149   589,934 16,215
c 506,488   519,581 -13,093
d 521,093   493,627 27,466
e 480,966   481,625 -659
496,418   484,301 12,117
513,424   396,766 116,658
327,075   325,588 1,487
550,383   580,879 -30,496
207,678   206,634 1,044
208,188     208,188
12,664     12,664
39,680     39,680
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       24,466
b       16,215
c       -13,093
d       27,466
e       -659
      12,117
      116,658
      1,487
      -30,496
      1,044
      208,188
      12,664
      39,680
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 2 415,737
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 7,166
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 7,166
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,166
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 11,123
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,123
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 0
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 9,957
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow9,957 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowVOLENTINE.ORG
14
The books are in care ofright arrowCLAUDETTE SABIRON Telephone no.right arrow (805) 962-5719

Located atright arrow19 WEST CARRILLO STREETSANTA BARBARACA ZIP+4right arrow93101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
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
NANCY K POPENHAGEN PRESIDENT
11.00 		80,000 0 8,783
19 W CARRILLO STREET
SANTA BARBARA,CA93101
DIANE K HAYES VICE PRESIDENT
1.00 		32,000 895 1,135
19 W CARRILLO STREET
SANTA BARBARA,CA93101
CLAUDETTE SABIRON SECRETARY
30.00 		65,000 5,078 0
19 W CARRILLO STREET
SANTA BARBARA,CA93101
CATHERINE MACAULAY TREASURER
1.00 		20,000 0 0
19 W CARRILLO STREET
SANTA BARBARA,CA93101
RICHARD A NIGHTINGALE CHIEF FINANCIAL OFFICER
1.00 		20,000 0 0
19 W CARRILLO STREET
SANTA BARBARA,CA93101
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NORTHERN TRUST INVESTMENT ADVISORY 82,174
1485 EAST VALLEY RD STE 7
SANTA BARBARA,CA93108
GOLDMAN SACHS & CO LLC INVESTMENT ADVISORY 79,024
2121 AVENUE OF THE STARS STE 2600
LOS ANGELES,CA90067
HUTCHINSON & BLOODGOOD LLP ACCOUNTING AND TAX SERVICES 76,827
PO BOX 518
EL CENTRO,CA92244
MONTECITO BANK & TRUST INVESTMENT ADVISORY 54,375
1106 COAST VILLAGE RD STE E
SANTA BARBARA,CA93108
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
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
23,708,036
b
Average of monthly cash balances.......................
1b
683,508
c
Fair market value of all other assets (see instructions)................
1c
5,739,754
d
Total (add lines 1a, b, and c).........................
1d
30,131,298
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
30,131,298
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
451,969
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,679,329
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,483,966
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
1,483,966
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
7,166
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,166
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,476,800
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,476,800
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,476,800
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,496,416
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,496,416
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 1,476,800
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,483,328
b Total for prior years:20 , 20, 20 0
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 ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,496,416
a Applied to 2022, but not more than line 2a 1,483,328
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 13,088
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,463,712
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
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....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
VOLENTINE FAMILY FOUNDATION
19 W CARRILLO STREET STE B
SANTA BARBARA,CA93101
(805) 962-5719
bThe form in which applications should be submitted and information and materials they should include:
SEE WEBSITE FOR REQUIREMENTS AND SUBMISSION OF INITIAL INQUIRY AND DETERMINATION OF QUALIFICATION TO SUBMIT, IF APPROVED, A GRANT APPLICATION AND APPLICABLE SUPPORTING DOCUMENTATION WILL BE REQUESTED.
cAny submission deadlines:
APRIL 20
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
AWARDS IN OUR AREAS OF INTEREST ARE LIMITED TO ORGANIZATIONS OPERATING IN THE FOLLOWING GEOGRAPHICAL AREAS: SANTA BARBARA, CA, AND LOVELAND, CO
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

AGUA FRIA FOOD AND CLOTHING BANK

405 E HARRISON DR
AVONDALE,AZ85323 		NONE PC FAMILY SUPPORT SERVICES 10,000

ANGELS FOSTER CARE OF SANTA BARBARA

3905 STATE ST STE 7-115
SANTA BARBARA,CA93105 		NONE PC YOUTH SUPPORT SERVICES 10,000

ASSISTANCE LEAGUE

1249 VERONICA SPRINGS RD
SANTA BARBARA,CA93105 		NONE PC SCHOOL BELL PROGRAM 15,000

BOYS & GIRLS CLUB OF LARIMER COUNTY

103 SMOKEY ST
FORT COLLINS,CO80525 		NONE PC YOUTH SUPPORT SERVICES 10,000

CASA OF LARIMER COUNTY

3105 E HARMONY RD
FORT COLLINS,CO80528 		NONE PC CHILD ABUSE TREATMENT AND PREVENTION 10,000

CASA OF SANTA BARBARA COUNTY

118 E FIGUEROA ST
SANTA BARBARA,CA93101 		NONE PC CHILD ABUSE TREATMENT AND PREVENTION 10,000

CASA SERENA

1515 BATH ST
SANTA BARBARA,CA93101 		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 35,000

CHILD ABUSE LISTENING MEDIATION

1236 CHAPALA ST
SANTA BARBARA,CA93101 		NONE PC CHILD ABUSE TREATMENT AND PREVENTION 10,000

CITY OF GOODYEAR

190 N LITCHFIELD RD
GOODYEAR,AZ85338 		NONE PC SHOP WITH A COPPCPBC TOY DRIVE 10,000

COMMUNITY HOSPITAL HEALTH FOUNDATION

1301 EAST H STREET
MCCOOK,NE69001 		NONE PC NURSING PROGRAM 5,000

DOMESTIC VIOLENCE SOLUTIONS

411 E CANON PERDIDO ST STE 12
SANTA BARBARA,CA93101 		NONE PC FAMILY SUPPORT SERVICES 10,000

DREAM FOUNDATION

1528 CHAPALA ST 304
SANTA BARBARA,CA93101 		NONE PC DALMATION DREAMS"THE NO GALA GALA"SERENITY HOUSE DREAMS 16,000

EAGLE RIDGE ACADEMY

3551 SOUTHERN ST
BRIGHTON,CO80601 		NONE PC EDUCATION 4,550

FAMILY SERVICE AGENCY

123 W GUTIERREZ ST
SANTA BARBARA,CA93101 		NONE PC FAMILY SUPPORT SERVICES 10,000

FOLDS OF HONOR FOUNDATION

9500 N 129TH E AVE STE 235
OWASSO,OK74055 		NONE PC FAMILY SUPPORT SERVICES 20,000

FOOD FROM THE HEART

PO BOX 3908
SANTA BARBARA,CA93130 		NONE PC FAMILY SUPPORT SERVICES 20,000

FOUNDATION FOR SBCCCARE

721 CLIFF DR
SANTA BARBARA,CA93109 		NONE PC EDUCATION 20,000

GIRLS INC OF GREATER SANTA BARBARA

PO BOX 236
SANTA BARBARA,CA93102 		NONE PC YOUTH SUPPORT SERVICES 10,000

HABITAT FOR HUMANITY - SB COUNTY

PO BOX 176
GOLETA,CA93116 		NONE PC FAMILY SUPPORT SERVICES 15,000

HABITAT FOR HUMANITY- LOVELAND

5250 GARFIELD N HWY 287
LOVELAND,CO80538 		NONE PC FAMILY SUPPORT SERVICES 10,000

HARMONY FOUNDATION INC

1600 FISH HATCHERY RD
ESTES PARK,CO80517 		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 29,200

HEARTS & HORSES

163 N COUNTY RD 29
LOVELAND,CO80537 		NONE PC DISABILITY SUPPORT SERVICES 4,680

HOSPICE OF SANTA BARBARA INC

2050 ALAMEDA PADRE SERRA STE 100
SANTA BARBARA,CA931031704 		NONE PC 2023 MATCHING FUNDSHEROES OF HOSPICE 26,000

HOUSE OF NEIGHBORLY SERVICE

565 N CLEVELAND AVE
LOVELAND,CO80537 		NONE PC FAMILY SUPPORT SERVICES 9,000

KIDS PAK

PO BOX 2078
LOVELAND,CO80539 		NONE PC YOUTH SERVICES 160,000

LOVELAND FOOD BANK

5706 WRIGHT DR
LOVELAND,CO80538 		NONE PC FAMILY SUPPORT SERVICES 10,000

MOXI THE WOLF MUSEUM OF EXPLORATION INNOVATION

125 STATE ST
SANTA BARBARA,CA93101 		NONE PC EDUCATION 10,000

NEW HOUSE

2434 BATH ST
SANTA BARBARA,CA93105 		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 43,500

ORGANIC SOUP KITCHEN

315 MEIGS RD STE A 369
SANTA BARBARA,CA93109 		NONE PC COMMUNITY SUPPORT SERVICES 10,000

PACIFIC PRIDE FOUNDATION

608 ANACAPA ST STE A
SANTA BARBARA,CA93101 		NONE PC COMMUNITY SUPPORT SERVICES 10,000

PARK SCHOOL DISTRICT RE3

1600 MANFORD AVE
ESTES PARK,CO80517 		NONE PC EDUCATION 4,200

PARTNERS IN HOUSING SOLUTIONS INC

210 E CLARK AVE
SANTA MARIA,CA93455 		NONE PC FAMILY SUPPORT SERVICES 15,000

POLICE ACTION LEAGUE (PAL)

222 E ANAPAMU STE 24
SANTA BARBARA,CA93190 		NONE PC YOUTH SUPPORT SERVICES23RD ANNUAL PUTTING KIDS FIRST 18,500

PROJECT SELF-SUFFICIENCY

375 W 37TH ST 150
LOVELAND,CO80538 		NONE PC FAMILY SUPPORT SERVICES 10,000

PROSPECT RIDGE ACADEMY

2555 PREBLE CREEK PKWY
BROOMFIELD,CO80023 		NONE PC EDUCATION 700

SALVATION ARMY SOUTHERN CALIFORNIA DIVISION

155 SOUTH OAK STREET
VENTURA,CA93001 		NONE PC HOMELESS SUPPORT SERVICES 35,000

SANTA BARBARA COTTAGE HOSPITAL FOUNDATION

PO BOX 689
SANTA BARBARA,CA93102 		NONE PC EDUCATIONNURSING BACHELORS DEGREE PROGRAM 1,500

SANTA BARBARA INTERNATIONAL FILM FESTIVAL

1528 CHAPALA ST 203
SANTA BARBARA,CA93101 		NONE PC MUSIC AND THE ARTSMIKE'S FIELD TRIP TO THE MOVIES 5,000

SANTA BARBARA NEIGHBORHOOD CLINICS

414 EAST COTA ST 1ST FLOOR
SANTA BARBARA,CA93101 		NONE PC HUMAN HEALTH SERVICES 100,000

SANTA BARBARA POLICE FOUNDATION

PO BOX 91929
SANTA BARBARA,CA93190 		NONE PC COMMUNITY SUPPORT SERVICES 10,000

SANTA BARBARA PUBLIC LIBRARY FOUNDATION

PO BOX 92137
SANTA BARBARA,CA93190 		NONE PC EDUCATION 25,000

SANTA BARBARA RESCUE MISSION

535 E YANONALI ST
SANTA BARBARA,CA93103 		NONE PC ALCOHOL AND DRUG RECOVERY SERVICES 10,000

SANTA BARBARA YMCA

36 HITCHCOCK WAY
SANTA BARBARA,CA93105 		NONE PC RECREATION AND SPORTSSUMMER CAMP 5,000

SCHOLARSHIP FOUNDATION OF SANTA BARBARA

PO BOX 3620
SANTA BARBARA,CA93130 		NONE PC EDUCATION 5,000

ST MARY'S FOOD BANK

2831 N 31ST AVE
PHOENIX,AZ85009 		NONE PC FAMILY SUPPORT SERVICES 10,000

STARGATE SCHOOL

14530 WASHINGTON ST
THORNTON,CO80023 		NONE PC EDUCATION 1,750

STORYTELLER

2115 STATE ST
SANTA BARBARA,CA93105 		NONE PC EDUCATION 10,000

THOMPSON EDUCATION FOUNDATION

800 S TAFT AVE
LOVELAND,CO80537 		NONE PC EDUCATIONTEA STUDENT ACHIEVEMENT FUNDTEF SCHOLARSHIPS 55,000

THOMPSON R-2J SCHOOL DISTRICT

800 S TAFT AVE
LOVELAND,CO80537 		NONE PC TEA STUDENT ACHIEVEMENT GRANT 15,000

TRANSITION HOUSE

425 E COTA ST
SANTA BARBARA,CA93101 		NONE PC FAMILY SUPPORT SERVICES 10,000

UCSB FOUNDATION

1210 CHEADLE HALL
SANTA BARBARA,CA93106 		NONE PC GUARDIAN SCHOLARS PROGRAM 10,000

UNITED BOYS & GIRLS CLUB OF SANTA BARBARA

PO BOX 1485
SANTA BARBARA,CA93102 		NONE PC YOUTH SUPPORT SERVICES 20,000

UNITED WAY OF SANTA BARBARA

320 E GUTIERREZ ST
SANTA BARBARA,CA93101 		NONE PC COMMUNITY SUPPORT SERVICESFUN IN THE SUN PROGRAM 30,000

UNITY SHOPPE

1401 CHAPALA ST
SANTA BARBARA,CA93101 		NONE PC FAMILY SUPPORT SERVICES 45,000

VITAMIN ANGELS

6500 HOLLISTER AVE SUITE 130
GOLETA,CA93117 		NONE PC HUMAN HEALTH SERVICES 10,000

WELD COUNTY SCHOOL DISTRICT

14827 WELD COUNTY RD 42
GILCREST,CO80623 		NONE PC EDUCATION 19,600

WOMEN'S ECONOMIC VENTURES

21 EAST CANON PERDIDO ST STE 301
SANTA BARBARA,CA93101 		NONE PC COMMUNITY SUPPORT SERVICESMARSHA BAILEY FUND 25,000

YOUNG LIFE

123 W PADRE ST 3
SANTA BARBARA,CA93105 		NONE PC YOUTH SUPPORT SERVICES 5,000

YOUTH AND FAMILY SERVICES YMCA

105 E CARRILLO ST
SANTA BARBARA,CA93101 		NONE PC FAMILY SUPPORT SERVICES 10,000

COMMUNITY KITCHEN

816 CACIQUE ST
SANTA BARBARA,CA93103 		NONE PC COMMUNITY SUPPORT SERVICES 10,000

ELEVATIONS FOUNDATION

PO BOX 9004
BOULDER,CO80301 		NONE PC COMMUNITY SUPPORT SERVICES 10,000

GIVE TO PETS FOUNDATION

PO BOX 30016
SANTA BARBARA,CA93130 		NONE PC FAMILY SUPPORT SERVICES 1,000

HAWAII COMMUNITY FOUNDATION

444 HANA HWY STE 201
KAHULUI,HI96732 		NONE PC MAUI STRONG FUND 20,000

MEALS ON WHEELS SANTA BARBARA

PO BOX 6099
SANTA BARBARA,CA931606099 		NONE PC FAMILY SUPPORT SERVICES 20,000

SANTA BARBARA ATHLETIC ROUND TABLE

PO BOX 3813
SANTA BARBARA,CA93130 		NONE PC SPONSOR 2023 LUNCHEON 5,000

SANTA BARBARA FOUNDATION

1111 CHAPALA ST 200
SANTA BARBARA,CA93101 		NONE PC SAFETY AND SHELTER PROGRAM 153,000

SPECIAL OLYMPICS ARIZONA

2455 N CITRUS RD BUILDING 64
GOODYEAR,AZ85395 		NONE PC YOUTH SUPPORT SERVICES 1,000

VNA HEALTH

512 E GUTIERREZ ST
SANTA BARBARA,CA93103 		NONE PC SERENITY HOUSE 500
Total .................................right arrow 3a 1,314,680
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 9,670  
4 Dividends and interest from securities ....     14 597,753  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     15 -17,228  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     01 43,119  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 415,737  
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) .. 0 1,049,051 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,049,051
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 78,827 59,120   19,707

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

TY 2023 DepreciationSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
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
BUILDING 2001-12-20 752,332 381,146 SL 39.000000000000 19,291 0    
LAND 2001-12-20 112,418   L   0 0    
FMV IN EXCESS OF BASIS 2001-12-20 60,000   L   0 0    
FOUNDATION OFFICE CHAIRS 2004-02-17 3,507 3,507 200DB 7.000000000000 0 0    
CONFERENCE TABLE 2004-02-24 4,254 4,254 200DB 7.000000000000 0 0    
OFFICE FURNITURE 2005-10-27 2,353 2,287 200DB 7.000000000000 0 0    
OFFICE FURNITURE 2006-04-30 1,540 1,540 200DB 7.000000000000 0 0    
HP LASER JET P3015 2011-01-03 795 795 SL 5.000000000000 0 0    
HP LASER JET P3015 2011-06-30 630 630 SL 5.000000000000 0 0    
BUILDING REMODEL 2012-07-01 892,939 240,408 SL 39.000000000000 22,896 0    
DESK 2012-01-25 10,364 10,364 SL 5.000000000000 0 0    
BUILDING REMODEL 2013-07-01 30,678 7,476 SL 39.000000000000 787 0    
REMOVABLE WALL 2013-07-01 19,855 12,578 SL 15.000000000000 1,324 0    
BUILDING REMODEL 2015-07-01 51,305 9,870 SL 39.000000000000 1,316 0    
BUILDING 2001-12-20 335,168 186,988 SL 39.000000000000 8,594 0    
LAND 2001-12-20 50,082   L   0 0    
ELECTRICAL RECONFIGURATION 2014-09-30 5,512 1,163 SL 39.000000000000 141 0    
DELL OFFICE COMPUTER 2014-12-15 2,594 2,594 SL 5.000000000000 0 0    
COPIER 2014-06-06 1,101 1,101 SL 5.000000000000 0 0    
KEYLESS LOCKING SYSTEM 2016-07-12 8,334 3,614 SL 15.000000000000 556 0    
BUILDING REMODEL 2016-11-09 19,546 3,090 SL 39.000000000000 501 0    
HID ACCESS CONTROL SYSTEM 2018-04-05 10,390 3,292 SL 15.000000000000 693 0    
CARPET 2018-03-19 2,560 2,432 SL 5.000000000000 128 0    
MAILBOX 2018-11-29 10,938 8,934 SL 5.000000000000 2,004 0    
ROOF 2019-09-17 35,443 2,954 SL 39.000000000000 909 0    
AIR CONDITIONING UNITS 2019-09-18 46,845 10,150 SL 15.000000000000 3,123 0    

TY 2023 GeneralExplanationAttachment
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Identifier Return Reference Explanation
PART VII-B, LINE 1A(3): FORM 990-PF THE FOUNDATION UTILIZES THE SERVICES OF THE CPA FIRM H&B FOR TAX RETURN AND ACCOUNTING SERVICES; MS. MACAULAY IS A PARTNER OF THE ACCOUNTING FIRM AND A TREASURER OF THE FOUNDATION. FOR THESE SERVICES THE FOUNDATION PAYS THE USUAL AND CUSTOMARY FEES AS BILLED TO IT BY THIS ENTITY.

TY 2023 InvestmentsLandSchedule2
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 608,290 318,840 289,450 523,992
LAND 115,700 0 115,700 209,452
REMODEL 571,369 161,263 410,106 742,416
FURNITURE AND FIXTURES 32,291 22,992 9,299 9,299

TY 2023 InvestmentsOtherSchedule2
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
NORTHERN TRUST #797 AT COST 3,033,825 3,515,409
NORTHERN TRUST- HEDGE FUNDS AT COST 1,000,000 1,234,461
NORTHERN TRUST- PRIVATE EQUITY FUND III AT COST 115,867 207,185
NORTHERN TRUST- PRIVATE EQUITY CORE FUND VI AT COST 1,275,545 2,717,925
MINERAL INTEREST - WATERFLOOD AT COST 8,883 10,025
MINERAL INTEREST - ACKMAN AT COST 342 360
GOLDMAN SACHS #7660 AT COST 634,844 875,796
GOLDMAN SACHS #8452 AT COST 3,143,554 5,481,135
GOLDMAN SACHS #8718 AT COST 2,505,896 2,383,984
GOLDMAN SACHS #8726 AT COST 353,655 485,551
MONTECITO BANK & TRUST #8459-00 AT COST 2,384,184 3,417,600
MONTECITO BANK & TRUST #8459-01 AT COST 1,487,334 1,423,395
GOLDMAN SACHS #9921 AT COST 725,999 940,930
GOLDMAN SACHS #9939 AT COST 457,496 590,796
NORTHERN TRUST- COMMODITIES AT COST 755,868 925,511
NORTHERN TRUST- REAL ESTATE FUNDS AT COST 1,216,882 1,231,837
NORTHERN TRUST #783 AT COST 350,488 442,321
NORTHERN TRUST- PRIVATE EQUITY STRATEGIC OPPORTUNITIES FUND IV (OFFSHORE), L AT COST 552,210 794,561
GOLDMAN SACHS #8452 - PARNASSUS CORE EQUITY AT COST 500,000 473,372
MFB NORTHERN FDS U.S. QUALITY ESG FUND AT COST 540,286 572,030
NORTHERN TRUST- WM ALTERNATIVES TPG RISE CLIMATE ONSHORE FEEDER FUND AT COST 395,649 516,807

TY 2023 LandEtcSchedule2
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURE AND FIXTURES 46,918 39,635 7,283 7,283
REMODEL 428,611 126,385 302,226 547,119
BUILDING 561,498 294,315 267,183 483,681
LAND 106,800 0 106,800 193,340


TY 2023 OtherAssetsSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
LEASE COMMISSIONS 1,158 0 0


TY 2023 OtherExpensesSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 12,522 4,545   7,084
AUTO EXPENSE 1,003 502   501
MISCELLANEOUS INVESTMENT EXPENSES 11,577 11,577   0
OFFICE EXPENSE 4,308 2,154   2,154
RENTAL EXPENSES 40,156 40,156   0
PARTNERSHIP PASSTHROUGH- NON-DEDUCTIBLE EXPENSES 522 0   0
PARTNERSHIP UNRELATED BUSINESS INCOME/LOSS 11,210 0   0


TY 2023 OtherIncomeSchedule2
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP PASSTHROUGH- ORDINARY INCOME 42,280 42,280 42,280
MISCELLANEOUS INCOME 437 437 437
PARTNERSHIP PASSTHROUGH- TAX EXEMPT INCOME 402 0 402


TY 2023 OtherLiabilitiesSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 3,000 3,000
CREDIT CARD PAYABLE 1,468 0
PAYROLL TAXES PAYABLE 0 5,817


TY 2023 OtherProfessionalFeesSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISOR FEES 296,584 296,584   0
CONSULTING 4,875 0   4,875


TY 2023 TaxesSchedule
Name:
VOLENTINE FAMILY FOUNDATION
EIN:
77-0203235
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 50 0   50
PAYROLL TAXES 9,523 4,562   4,961
REAL ESTATE TAXES 10,340 5,170   5,170
FOREIGN TAXES ON INVESTMENT INCOME 4,071 4,071   0
MINERAL TAX 344 344   0
FEDERAL UBIT 0 0   0
CALIFORNIA UBIT 19,057 0   0
FEDERAL TAX 21,400 0   0