TY 2023 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	4,500,000
2	Check .............
3	Interest on savings and temporary cash investments	34,128	34,128
4	Dividends and interest from securities...	787,704	787,704
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		2,809,651
b	Gross sales price for all assets on line 6a 6,703,517
7	Capital gain net income (from Part IV, line 2)...		2,809,651
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances	0
b	Less: Cost of goods sold....	0
c	Gross profit or (loss) (attach schedule).....		0
11	Other income (attach schedule).......	List of Attached Documents: // Content	153,222	153,222	0
12	Total. Add lines 1 through 11........	8,284,705	3,784,705	0
	13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		0	0	0	0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	9,097	4,548	0	4,549
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	133,383	133,383	0	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	57,052	57,052	0	0
19	Depreciation (attach schedule) and depletion...		0	0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	94,132	94,132	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	293,664	289,115	0	4,549
25	Contributions, gifts, grants paid.......	3,267,500			3,267,500
26	Total expenses and disbursements. Add lines 24 and 25	3,561,164	289,115	0	3,272,049
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	4,723,541
b	Net investment income (if negative, enter -0-)		3,495,590
c	Adjusted net income (if negative, enter -0-)...			0

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1	103	103
	2	Savings and temporary cash investments.........	6,396,952	4,403,025	4,403,025
	3	Accounts receivable
		Less: allowance for doubtful accounts	0	0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts	0	0	0
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	0	0	0
	7	Other notes and loans receivable (attach schedule) 0
		Less: allowance for doubtful accounts 0	0	0	0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	0	0
	b	Investments—corporate stock (attach schedule).......	24,449,440	List of Attached Documents: // Content 29,422,579	37,916,799
	c	Investments—corporate bonds (attach schedule).......	0		0
	11	Investments—land, buildings, and equipment: basis 0
		Less: accumulated depreciation (attach schedule) 0	0		0
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	16,562,449	List of Attached Documents: // Content 18,342,565	25,556,875
	14	Land, buildings, and equipment: basis 0
		Less: accumulated depreciation (attach schedule) 0	0		0
	15	Other assets (describe )	0	0	0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	47,408,842	52,168,272	67,876,802
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons	0	0
	21	Mortgages and other notes payable (attach schedule)......	0	0
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	47,408,842	52,168,272
	29	Total net assets or fund balances (see instructions).....	47,408,842	52,168,272
	30	Total liabilities and net assets/fund balances (see instructions).	47,408,842	52,168,272

Part III

Analysis of Changes in Net Assets or Fund Balances

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

47,408,842

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

4,723,541

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

List of Attached Documents:

// Content

35,889

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

52,168,272

Decreases not included in line 2 (itemize) right arrow

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

52,168,272

(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	Newport Asia Institutional Fund, LP
b	Cayman Islands
c	Davidson Kempner
d	Nitorum Offshore Ltd
e	Maverick Stable Fund Ltd
	Capital gains distributions
	Securities Sold
	Securities Sold
	VANGUARD
	Vanguard Dividend Growth Fund
	Semper Vic Partners (QP), LP
	Sheridan square offshore
	KABOUTER INTERNATIONAL OPPORTUNITIES

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	735,297		735,297
b	13,297		13,297
c		17,900	-17,900
d	201,822		201,822
e	3,432,599	2,000,000	1,432,599
	98,262		98,262
	45,327	43,964	1,363
	1,954,673	1,744,249	210,424
	25,920		25,920
	47,765		47,765
	37,410		37,410
		87,753	-87,753
	111,145		111,145

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		0	735,297
b		0	13,297
c		0	-17,900
d		0	201,822
e		0	1,432,599
		0	98,262
		0	1,363
		0	210,424
		0	25,920
		0	47,765
		0	37,410
		0	-87,753
		0	111,145

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	2,809,651
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	0

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	48,589
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	48,589
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	48,589
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	35,353
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	92,000
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	127,353
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	78,764
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax78,764	Refunded	11	0

(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
JILL B MCCORMACK	TRUSTEE 1.000	0	0	0
2021 PARKSIDE DRIVE SCHAUMBURG,IL60173
JUDITH B MCCORMACK	TRUSTEE 1.000	0	0	0
2021 PARKSIDE DRIVE SCHAUMBURG,IL60173
MARY JO BOLER	TRUSTEE 1.000	0	0	0
2021 PARKSIDE DRIVE SCHAUMBURG,IL60173

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

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	NONE
2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					3,728,260
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 2020, 2019			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	1,132,133
b From 2019......	3,880,755
c From 2020......	1,548,125
d From 2021......	2,890,677
e From 2022......	2,099,020
f Total of lines 3a through e ........		11,550,710
4Qualifying distributions for 2023 from Part
XI, line 4: $ 3,272,049
a Applied to 2022, but not more than line 2a				0
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.....					3,272,049
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		456,211			456,211
(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		11,094,499
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......
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 ..........					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) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		675,922
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		10,418,577
10 Analysis of line 9:
a Excess from 2019....	3,880,755
b Excess from 2020....	1,548,125
c Excess from 2021....	2,890,677
d Excess from 2022....	2,099,020
e Excess from 2023....	0

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

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Horizons For Youth 703 WEST MONROE STREET CHICAGO,IL60661	NONE	PC	TO SUPPORT FIRST GENERATION COLLEGE STUDENTS	300,000
Sanibel-Captiva Conservation Foundation PO BOX 839 SANIBEL,FL33957	NONE	PC	TO SUPPORT THE CONSERVATION OF COASTAL HABITATS AND AQUATIC RESOURCES ON SANIBEL AND CAPTIVA AND THE SURROUNDING WATERSHED	100,000
Rush University Medical Center 1700 W VAN BUREN STREET STE 250 CHICAGO,IL60612	NONE	PC	TO SUPPORT RUSH UNIVERSITY MEDICAL CENTER	700,000
FISH OF SANIBEL CAPITVA 2430 PERIWINKLE WAY STE B SANIBEL,FL33957	NONE	PC	TO ENRICH THE LIVES OF EVERYONE ON SANIBEL AND CAPTIVA ISLANDS THROUGH FOOD PROGRAMS, ISLAND BASED WORKSHOPS, SOCIAL SERVICES AND HELPING HANDS	5,000
CROW Taste of the Islands PO BOX 150 SANIBEL,FL33957	NONE	PC	GENERAL SUPPORT	5,000
Kiwanis Club of Sanibel 949 SAND CASTLE RD SANIBEL,FL33957	NONE	PC	TO SUPPORT COMMUNITY SERVICE AND EDUCATION SCHOLARSHIPS AND CRUSH IT FORE THE KIDS GOLF TOURNAMENT	7,500
University of Notre Dame 400 MAIN BUILDING NOTRE DAME,IN46556	NONE	PC	TO SUPPORT UNIVERSITY OF NOTRE DAME	1,000,000
Bailey Shell Museum PO Box 1580 SANIBEL,FL33957	NONE	PC	GENERAL SUPPORT	100,000
Museum of Science and Industries 4801 E Fowler Ave TAMPA,FL33617	NONE	PC	GENERAL SUPPORT	1,000,000
Center for Independent Living Gulf Coast 7011 Cypress Terrace Suite 103 Fort Myers,FL33907	NONE	PC	GENERAL SUPPORT	50,000
Total ................................. 3a				3,267,500

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

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	34,128
4 Dividends and interest from securities ....			14	787,704
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	2,809,651
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aSMPR VIC PRTNRS QP OTHR PRTFLIO INC			1	3,652
bNEWPORT ASIA INSTITUTIONAL FUND, LP			1	-201
cDAVIDSON KEMPNER INST			1	149,771
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		3,784,705	0

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

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

Software ID:	23017437
Software Version:	2023v5.1


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










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

bApproved for future payment

Total ................................. 3b				0

Name of organization The Boler Family Foundation

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	JEANETTE DRIVE INVESTMENTS LLC 2021 Parkside Drive Schaumburg, IL60173	$ 4,500,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

Name of organization The Boler Family Foundation		Employer identification number 36-6854134

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)


Name of organization The Boler Family Foundation			Employer identification number 36-6854134
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
DODGE & COX INTL STOCK FUND	3,054,316	3,486,621
EDGEWOOD GROWTH FUND	4,938,109	10,386,293
FPA CRESCENT FUND	1,721,191	2,282,339
VANGUARD ST INV GROWTH FUND	6,080,711	5,802,698
VANGUARD DIVIDEND GROWTH FUND	5,570,649	8,039,204
SPYGLASS GROWTH FUND	1,839,441	1,412,385
GQG PART EMERG MKTS EQ-INV	2,570,565	2,853,072
VANGUARD ENERGY FUND-ADMIRAL	1,065,919	1,048,586
PIMCO SHORT-TERM FUND-INST	2,581,678	2,605,601

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
KING STREET CAPITAL	FMV	2,000,000	2,777,589
MAVERICK STABLE FUND LTD	FMV	0	0
NEWPORT ASIA INST FUND	FMV	0	0
NITORUM OFFSHORE FUND LTD	FMV	1,000,000	1,205,528
SELECT EQUITY OFFSHORE LTD	FMV	1,703,658	3,874,198
SEMPER VIC PARTNERS QP, LP	FMV	2,924,135	6,631,321
SHERIDAN SQUARE OFFSHORE	FMV	982,430	1,011,850
DAVIDSON KEMPNER INST	FMV	2,777,318	2,777,318
Alatus Inflection Long Only Fd	FMV	1,995,742	2,156,771
Aleutian Fund LTD	FMV	2,500,000	2,663,018
Junto Offshore Fund LTD	FMV	2,459,282	2,459,282

Description	Revenue and Expenses per Books	Net Investment Income
DAVIDSON KEMPNER - PORT. DED	44,713	44,713
NEWPORT ASIA - PORTFOLIO DED	43,817	43,817
SEMPER VIC - PORTFOLIO DED	5,437	5,437
BANK FEES	165	165

Description	Revenue And Expenses Per Books	Net Investment Income
DAVIDSON KEMPNER OTHER INCOME	149,771	149,771
NEWPORT ASIA INST. OTHER INCOME	-201	-201
SEMPER VIC PTNRS OTHER INCOME	3,652	3,652

Category	Amount	Net Investment Income
MONTICELLO ASSOC INV MGMT FEES	37,500	37,500
SELECT EQUITY INVST FEES	43,699	43,699
SHERIDAN SQUARE INVST FEES	7,208	7,208
Alatus Inflection Long Only Fd	4,258	4,258
Junto Offshore Fund LTD	40,718	40,718

Category	Amount	Net Investment Income
SEMPER VIC - FOREIGN TAXES	14,473	14,473
GQG Part Emerg - FOREIGN TAXES	7,597	7,597
DAVIDSON KEMPNER INST
DODGE & COX INTERNATIONAL	9,982	9,982
FEDERAL TAX	25,000	25,000