Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE LARSON LEGACY
 
Number and street (or P.O. box number if mail is not delivered to street address)14404 SE KRAUSE LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HAPPY VALLEY, OR97086
A Employer identification number

91-1859861
B Telephone number (see instructions)

(503) 593-5674
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$4,132,283J 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 1,869 1,869 1,869
4 Dividends and interest from securities... 79,288 79,288 79,288
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -81,487
b Gross sales price for all assets on line 6a 1,997,713
7 Capital gain net income (from Part IV, line 2)...  
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........ -330 81,157 81,157
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,870 935   935
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22,500 11,250   11,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
159     159
17 Interest............... 3,979 3,979    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,111 854    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 50     50
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
1,749 883   707
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 32,418 17,901   13,101
25 Contributions, gifts, grants paid....... 145,100 145,100
26 Total expenses and disbursements. Add lines 24 and 25 177,518 17,901   158,201
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -177,848
b Net investment income (if negative, enter -0-) 63,256
c Adjusted net income (if negative, enter -0-)... 81,157
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......... 1,171,997 -180,654 -180,654
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.......... 727 703 703
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,595,841 Click to see attachment
List of Attached Documents:
// Content
3,762,637 		4,312,234
c Investments—corporate bonds (attach schedule).......      
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) 3,768,565 3,582,686 4,132,283
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   319
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
397 		Click to see attachment
List of Attached Documents:
// Content
1,240
23 Total liabilities (add lines 17 through 22)......... 397 1,559
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 3,768,168 3,581,127
29 Total net assets or fund balances (see instructions)..... 3,768,168 3,581,127
30 Total liabilities and net assets/fund balances (see instructions). 3,768,565 3,582,686
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
3,768,168
2
Enter amount from Part I, line 27a .....................
2
-177,848
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
9,305
4
Add lines 1, 2, and 3 ..........................
4
3,599,625
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
18,498
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,581,127
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 20,800 SHS PUBLICLY TRADED SECURITIES (ST) P 2023-01-01 2023-01-01
b 2250 SHS PUBLICLY TRADED SECURITIES (LT) P 2001-01-01 2023-01-01
c Wash Sale      
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 1,446,322   1,526,935 -80,613
b 551,391   552,265 -874
c       9,305
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       -80,613
b       -874
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 -72,182
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 -71,308
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) 1 879
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........................... 3 879
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- ..... 5 879
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 24
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 24
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 7
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 862
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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 arrowOR
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowLELAND EG LARSON Telephone no.right arrow (503) 593-5674

Located atright arrow14404 SE KRAUSE LANEHAPPY VALLEYOR ZIP+4right arrow970866534
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
LELAND EG LARSON President
10.00 		0    
14404 SE KRAUSE LANE
HAPPY VALLEY,OR970866534
KATHLEEN C LARSON VP
5.00 		0    
5620 SW RIVERSIDE LN 2
PORTLAND,OR97239
AMY LARSON SEC/TREAS
2.00 		0    
1025 SE 11TH AVE APT 521S
PORTLAND,OR97214
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
3,306,705
b
Average of monthly cash balances.......................
1b
534,951
c
Fair market value of all other assets (see instructions)................
1c
703
d
Total (add lines 1a, b, and c).........................
1d
3,842,359
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
3,842,359
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
57,635
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,784,724
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
189,236
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
189,236
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
879
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
879
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
188,357
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
188,357
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
188,357
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
158,201
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
158,201
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 7 188,357
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 18,742
b From 2019...... 67,127
c From 2020...... 70,186
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 156,055
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 158,201
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 158,201
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023. 30,156 30,156
(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 5 125,899
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		125,899
10 Analysis of line 9:
a Excess from 2019.... 55,713
b Excess from 2020.... 70,186
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).)
LELAND EG LARSON
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:
LELAND EG LARSON
14404 SE KRAUSE LANE
HAPPY VALLEY,OR970866534
(503) 593-5674
bThe form in which applications should be submitted and information and materials they should include:
SEE ATTACHMENTS
cAny submission deadlines:
SEE ATTACHMENTS
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE ATTACHMENTS
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
DRESS FOR SUCCESS OREGON INC


1532 NE 37TH AVE STE B
PORTLAND,OR97232 		  PC ANNUAL FUNDRAISING GRANT 12,000
WHOLISTIC PEACE INSTITUTE


PMB 597
WEST LINN,OR97068 		  PC EDUCATING FOR PEACE 12,000
WORLD AFFAIRS COUNCIL OF OREGON INC


1207 SW BROADWAY SUITE 300
PORTLAND,OR97205 		  PC SPECIAL PATRON GRANT FOR 2020-21 LECTURE SERIES, GLOBAL CLASSROOM & INTERNATIONAL VISITOR PROGRAM 10,000
OREGON FOOD BANK


7900 NE 33RD DRIVE
PORTLAND,OR97211 		  PC GENERAL FUNDING 1,000
MEALS ON WHEELS PEOPLE INC


7710 SW 31ST AVE
PORTLAND,OR97219 		  PC GENERAL FUNDING 1,000
UNION GOSPEL MISSION


15 NW 3RD AVE
PORTLAND,OR97209 		  PC HOLIDAY DONATION 1,000
OUTSIDE IN


1132 SW 13TH AVE
PORTLAND,OR97205 		  PC GENERAL FUNDING 500
RAPHAEL HOUSE OF PORTLAND


4110 SE HAWTHORNE BLVD SUITE 503
PORTLAND,OR97214 		  PC GENERAL FUNDING 500
BLACK UNITED FUND OF OREGON INC


2828 NE ALBERTA ST
PORTLAND,OR97211 		  PC GENERAL FUNDING 300
BLANCHETT HOUSE OF HOSPITALITY


310 NW GLISAN ST
PORTLAND,OR97209 		  PC GENERAL FUNDING 1,500
CAT ADOPTION TEAM


14175 SW GALBREATH DR
SHERWOOD,OR97140 		  PC GENERAL FUNDING 300
CLACKAMAS WOMENS SERVICES


256 WARNER MILNE RD
OREGON CITY,OR97045 		  PC GENERAL FUNDING 500
COMMUNITY TRANSITIONAL SCHOOL


6601 NE KILLINGSWORTH ST
PORTLAND,OR97218 		  PC GENERAL FUNDING 500
OPERATION NIGHTWATCH - PORTLAND


PO BOX 4005
PORTLAND,OR97208 		  PC GENERAL FUNDING 1,000
PORTLAND ANIMAL WELFARE TEAM


1718 NE 82ND AVE
PORTLAND,OR97220 		  PC GENERAL FUNDING 500
PORTLAND STREET MEDICINE


825 NE MULNOMAH ST SUITE 240
PORTLAND,OR97232 		  PC GENERAL FUNDING 1,000
COMMUNITY CYCLING CENTER


1700 NE ALBERTA ST
PORTLAND,OR97211 		  PC GENERAL FUNDING 300
ETHOS INC


2 N KILLINGSWORTH ST
PORTLAND,OR97217 		  PC GENERAL FUNDING 300
SMART READING


101 SW MARKET ST
PORTLAND,OR97201 		  PC GENERAL FUNDING 500
MARY'S PLACE


2321 HOYT AVE
EVERETT,WA98201 		  PC GENERAL FUNDING 7,000
SHARING WHEELS COMMUNITY BIKE SHOP


2531 BROADWAY AVE
EVERETT,WA98202 		  PC GENERAL FUNDING 1,500
WHOLISTIC PEACE INSTITUTE


PMB 597
WEST LINN,OR97068 		  PC CHRISTMAS DONATION 500
YOUTH RIGHTS JUSTICE


1785 NE SANDY BLVD 300
PORTLAND,OR97232 		  PC GENERAL FUNDING 500
BBH EYE FOUNDATION


2170 MARKHAM WAY
SACRAMENTO,CA95818 		  PC GENERAL FUNDING 13,000
350PDX


3625 N MISSISSIPPI AVE
PORTLAND,OR97227 		  PC CLIMATE JUSTICE 1,000
SISTERS OF THE ROAD


133 NW 6TH AVE
PORTLAND,OR97209 		  PC GENERAL FUNDING 1,000
IRCO


10301 NE GLISAN ST
PORTLAND,OR97220 		  PC GENERAL FUNDING 1,000
ALL AGES MUSIC PORTLAND


1 SW COLUMBIA ST STE 1850
PORTLAND,OR97258 		  PC GENERAL FUNDING 300
HYGIENE4ALL


1327 SE TACOMA ST 118
PORTLAND,OR97202 		  PC GENERAL FUNDING 500
GIRLS BUILD


PO BOX 11893
PORTLAND,OR97211 		  PC GENERAL FUNDING 300
STREET BOOKS


PO BOX 13642
PORTLAND,OR97213 		  PC GENERAL FUNDING 500
ANIMAL AID INC


5335 SW 42ND AVE
PORTLAND,OR97221 		  PC GENERAL FUNDING 500
ZEBS WISH EQUINE SANCTUARY


34950 SE COLORADO RD
SANDY,OR97055 		  PC GENERAL FUNDING 300
WILLIAM TEMPLE HOUSE


2023 NE HOYT ST
PORTLAND,OR97209 		  PC GENERAL FUNDING 300
PROVIDENCE PORTLAND MEDICAL FOUNDAT


4805 NE GLISAN ST
PORTLAND,OR97213 		  PC TRIAL FUNDING 25,000
STREET ROOTS INC


211 NW DAVIS
PORTLAND,OR97209 		  PC MAGAZINE / NEW BUILDING FUND 10,000
CITY REPAIR PROJECT


1421 SE DIVISION ST
PORTLAND,OR97202 		  PC GENERAL FUNDING 15,000
LILIES OF THE FIELD FOUNDATION


112 N HARBOR DR
GRAND HAVEN,MI49417 		  PF SCHOOL FUNDING 3,000
MAUI UNITED WAY


95 MAHALANI ST SUITE 24
WAILUKU,HI96793 		  PC FIRE HELP 500
MAUI FOOD BANK INC


760 KOLU STREET
WAILUKU,HI96793 		  PC GENERAL FUNDING 500
THIMBLEBERRY COLLABORATIVE FARM


356 NE 157TH AVE
PORTLAND,OR97230 		  PC GENERAL FUNDING 1,000
NORTHWEST MOTHERS MILK BANK


3439 NE SANDY BLVD STE 130
PORTLAND,OR97232 		  PC GENERAL FUNDING 300
KINDNESS FARM


16072 SE TENJINO ST
PORTLAND,OR97236 		  PC GENERAL FUNDING 300
NAMI MULTNOMAH


524 NE 52ND AVE
PORTLAND,OR97213 		  PC GENERAL FUNDING 500
MOTHER AND CHILD EDUCATION CENTER


1515 NE 41ST AVE
PORTLAND,OR97232 		  PC GENERAL FUNDING 400
NAMI CLACKAMAS


PO BOX 3179
OREGON CITY,OR97045 		  PC GENERAL FUNDING 500
OREGON HUMANE SOCIETY


1067 NE COLUMBIA BOULEVARD
PORTLAND,OR97211 		  PC GENERAL FUNDING 500
OREGON JEWISH MUSEUMHOLOCAUST EDUCA


724 NW DAVIS ST
PORTLAND,OR97209 		  PC GENERAL FUNDING 300
PORTLAND ANIMAL WELFARE TEAM


1718 NE 82ND AVE
PORTLAND,OR97220 		  PC GENERAL FUNDING 300
OREGON ALLIANCE FOR GUN SAFETY


4931 SW 76TH AVE BOX 154
PORTLAND,OR97225 		  PC GENERAL FUNDING 300
STUMPTOWN STRAYS


2702 P STREET
VANCOUVER,WA98663 		  PC GENERAL FUNDING 500
THE COMMONS LAW CENTER


4380 SW MACADAM AVE SUITE 190
PORTLAND,OR97239 		  PC GENERAL FUNDING 300
HEALING ART MISSION


PO BOX 645
GRANVILLE,OH43023 		  PC SCHOOL AND CLINIC FUNDING 6,000
PETEN HEALTH


PO BOX 45
WINDSOR,CA95492 		  PC GUATEMALA COMMUNITY HEALTH 5,000
COMMON CAUSE EDUCATION FUND


805 15TH ST NW 800
WASHINGTON,DC20005 		  PC GENERAL FUNDING 2,000
Total .................................right arrow 3a 145,100
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 1,869  
4 Dividends and interest from securities ....     14 79,288  
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 -81,487  
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) ..   -330  
13Total. Add line 12, columns (b), (d), and (e)..................
13
-330
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE LARSON LEGACY
EIN:
91-1859861
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING & TAX PREPARATION FEES 22,500 11,250 0 11,250

TY 2023 InvestmentsCorpStockSchedule
Name:
THE LARSON LEGACY
EIN:
91-1859861
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
1000 SHS VANGUARD 500 GRTH IDX 221,540 270,790
2100 SHS VANGUARD HEALTH CARE ETF    
10000 SHS AT&T INC 183,900 167,800
3000 SHS VANGUARD SHORT TRM BOND ETF    
3000 SHS VANGUARD LG-TERM COR BD ETF    
4850 SHS VANGUARD GROWTH ETF 1,291,527 1,507,768
7000 SHS VERIZON COMMUNICATIONS COM 272,330 263,900
1000 SHS ALPHABET INC COM 135,660 140,930
1000 SHS AMAZON COM INC 93,460 151,940
3000 SHS BANK OF AMERICA CORPORATION 96,720 101,010
800 SHS ELI LILLY AND COMPANY 413,290 466,336
500 SHS ISHARES TRUST SHARES 254,800 288,050
2000 SHS NOVO NORDISK A/S 141,470 206,900
500 SHS NVIDIA CORP 230,230 247,610
600 SHS TAIWAN SEMICONDUCTOR 52,800 62,400
1000 SHS VANGUARD S&P 500 ETF 374,910 436,800

TY 2023 LegalFeesSchedule
Name:
THE LARSON LEGACY
EIN:
91-1859861
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  1,870 935 0 935


TY 2023 OtherDecreasesSchedule
Name:
THE LARSON LEGACY
EIN:
91-1859861
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
BOOK/TAX BASIS ADJUSTMENT THROUGH CURRENT YEAR 18,498


TY 2023 OtherExpensesSchedule
Name:
THE LARSON LEGACY
EIN:
91-1859861
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 16 16    
OFFICE EXPENSE 1,733 867   707


TY 2023 OtherIncreasesSchedule
Name:
THE LARSON LEGACY
EIN:
91-1859861
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
TD AMERITRADE ST WASH SALE 9,305


TY 2023 OtherLiabilitiesSchedule
Name:
THE LARSON LEGACY
EIN:
91-1859861
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
OREGON REVENUE/FUND BALANCE FEE PAYABLE 397 378
FEDERAL UBIT PAYABLE   862


TY 2023 OtherProfessionalFeesSchedule
Name:
THE LARSON LEGACY
EIN:
91-1859861
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  159 0 0 159


TY 2023 TaxesSchedule
Name:
THE LARSON LEGACY
EIN:
91-1859861
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX ON INVESTMENTS 879      
FOREIGN TAXES PAID 854 854    
OREGON REVENUE/FUND BALANCE FEE 378