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 SEARLE FREEDOM TRUST
C/O KINSHIP LLC
Number and street (or P.O. box number if mail is not delivered to street address)111 NORTH FAIRCHILD STREET STE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISON, WI53703
A Employer identification number

36-7244615
B Telephone number (see instructions)

(608) 710-4200
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$39,518,300J 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 1,534,743 1,534,715  
4 Dividends and interest from securities... 527,195 527,195  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -2,331,173
b Gross sales price for all assets on line 6a 28,254,629
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
49,078 43,228  
12 Total. Add lines 1 through 11........ -220,157 2,105,138  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,258,657 108,355   1,127,302
14 Other employee salaries and wages...... 643,886 0   643,886
15 Pension plans, employee benefits....... 424,299 0   424,299
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,980 1,980   0
c Other professional fees (attach schedule)....        
17 Interest............... 117,062 117,062   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
314,572 10,118   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
745 0  
20 Occupancy.............. 352,299 0   352,299
21 Travel, conferences, and meetings....... 62,215 0   62,215
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
396,730 222,731   180,721
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,572,445 460,246   2,790,722
25 Contributions, gifts, grants paid....... 19,997,457 19,997,457
26 Total expenses and disbursements. Add lines 24 and 25 23,569,902 460,246   22,788,179
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -23,790,059
b Net investment income (if negative, enter -0-) 1,644,892
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   2 2
2 Savings and temporary cash investments......... 10,955,573 7,345,766 7,345,766
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) 17,474,902 Click to see attachment
List of Attached Documents:
// Content
19,706,884 		19,677,121
b Investments—corporate stock (attach schedule).......      
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).......... 48,174,021 Click to see attachment
List of Attached Documents:
// Content
27,240,674 		12,319,339
14 Land, buildings, and equipment: basis right arrow157,584
Less: accumulated depreciation (attach schedule) right arrow155,343 2,986 Click to see attachment
List of Attached Documents:
// Content
2,241 		2,241
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
264,499 		Click to see attachment
List of Attached Documents:
// Content
173,831 		Click to see attachment
List of Attached Documents:
// Content
173,831
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 76,871,981 54,469,398 39,518,300
Liabilities 17 Accounts payable and accrued expenses.......... 378 378
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
203,535 		Click to see attachment
List of Attached Documents:
// Content
392,056
23 Total liabilities (add lines 17 through 22)......... 203,913 392,434
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 76,668,068 54,076,964
29 Total net assets or fund balances (see instructions)..... 76,668,068 54,076,964
30 Total liabilities and net assets/fund balances (see instructions). 76,871,981 54,469,398
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
76,668,068
2
Enter amount from Part I, line 27a .....................
2
-23,790,059
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,198,955
4
Add lines 1, 2, and 3 ..........................
4
54,076,964
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
54,076,964
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 FLOW THROUGH FROM BENCHMARK CAP V P 2023-01-01 2023-12-31
b FLOW THROUGH FROM KTC HEDGE PRODUCTS P 2023-01-01 2023-12-31
c FLOW THROUGH FROM KTC STRATEGIC OPPS P 2023-01-01 2023-12-31
d FLOW THROUGH FROM ADVENT INT'L GPE V P 2023-01-01 2023-12-31
e FLOW THROUGH FROM ADVISORS IV P 2023-01-01 2023-12-31
FLOW THROUGH FROM BENCHMARK CAP V P 2023-01-01 2023-12-31
FLOW THROUGH FROM FOUNDATION CAP V P 2023-01-01 2023-12-31
FLOW THROUGH FROM KTC HEDGE PRODUCTS P 2023-01-01 2023-12-31
FLOW THROUGH FROM KTC STRATEGIC OPPS P 2023-01-01 2023-12-31
FLOW THROUGH FROM PROSPECT VENTURE III P 2023-01-01 2023-12-31
FLOW THROUGH FROM RHO VENTURES V P 2023-01-01 2023-12-31
FLOW THROUGH FROM SCF-VI P 2023-01-01 2023-12-31
FLOW THROUGH SEC 1231 FROM ADVISORS IV P 2023-01-01 2023-12-31
FLOW THROUGH SEC 1231 FROM KTC HEDGE PRODUCTS P 2023-01-01 2023-12-31
FLOW THROUGH 1256 FROM KTC HEDGE PRODUCTS P 2023-01-01 2023-12-31
OCM VII - ADVISORS IV - DISPOSITION GAIN P 2023-01-01 2023-12-31
SCF VI DISPOSTION LOSS P 2023-01-01 2023-12-31
APOLLO V - ADVISORS IV DISPOSITION LOSS P 2023-01-01 2023-12-31
ROUNDTABLE - ADVISORS IV - DISPOSITION LOSS P 2023-01-01 2023-12-31
MDV VII - ADVISORS IV - DISPOSITION LOSS P 2023-01-01 2023-12-31
KTC STRATEGIC OPPS - DISPOSITION LOSS P 2023-01-01 2023-12-31
NGM BIOPHARMA P 2009-11-30 2023-02-01
NGM BIOPHARMA P 2019-01-01 2023-02-01
DODGE & COX P 2013-08-29 2023-02-01
DODGE & COX P 2013-08-29 2023-03-02
ISHARES MSCI EAFE P 2020-02-07 2023-02-01
ISHARES MSCI EAFE P 2020-02-07 2023-03-02
ISHARES 1-3 YEAR TREASURY BOND ETF P 2014-01-17 2023-02-01
ISHARES 3-7 YEAR TREASURY BOND ETF P 2014-01-17 2023-02-01
VANGUARD FTSE EMERGING P 2020-12-16 2023-02-01
VANGUARD FTSE EMERGING P 2020-12-16 2023-03-02
T-ROWE PRICE INST. P 2008-11-03 2023-02-01
T-ROWE PRICE INST. P 2008-11-03 2023-03-02
SECTION 1202 ADJUSTMENT P 2023-01-01 2023-12-31
FLOW THROUGH UBTI P 2023-01-01 2023-12-31
US TREASURY .125% DUE 6/30/23 P 2022-10-31 2023-06-30
US TREASURY .375% DUE 10/31/23 P 2022-11-03 2023-10-31
(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     241 -241
b 38,982     38,982
c 94,648     94,648
d     47,710 -47,710
e 6,330     6,330
    2,092 -2,092
    151 -151
    228,791 -228,791
359,651     359,651
    14,995 -14,995
    65,066 -65,066
6,040     6,040
    29 -29
    937 -937
    12,090 -12,090
138     138
    27,474 -27,474
    437,574 -437,574
    46,879 -46,879
    45,424 -45,424
    432,390 -432,390
8,173   5,000 3,173
25,540   10,000 15,540
1,500,000   1,605,062 -105,062
1,480,719   1,628,048 -147,329
1,493,491   1,762,484 -268,993
1,719,621   2,035,357 -315,736
489,358   506,475 -17,117
269,140   277,455 -8,315
2,002,859   3,317,501 -1,314,642
2,554,819   4,443,910 -1,889,091
2,500,000   884,518 1,615,482
1,478,934   521,963 956,971
2,380   4,760 -2,380
223,806   111,903 111,903
6,000,000   6,000,000 0
6,000,000   6,000,000 0
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       -241
b       38,982
c       94,648
d       -47,710
e       6,330
      -2,092
      -151
      -228,791
      359,651
      -14,995
      -65,066
      6,040
      -29
      -937
      -12,090
      138
      -27,474
      -437,574
      -46,879
      -45,424
      -432,390
      3,173
      15,540
      -105,062
      -147,329
      -268,993
      -315,736
      -17,117
      -8,315
      -1,314,642
      -1,889,091
      1,615,482
      956,971
      -2,380
      111,903
      0
      0
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 -2,221,650
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 22,864
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 22,864
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 22,864
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 129,789
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 129,789
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 10 106,925
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow106,925 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowFL, IL, CA, VA, NY
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 arrowELAINE SIMADIS Telephone no.right arrow (608) 710-4200

Located atright arrow111 NORTH FAIRCHILD STREET STE 300MADISONWI ZIP+4right arrow53703
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)
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
D GIDEON SEARLE TRUSTEE
1.00 		0 0 0
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
MICHAEL D SEARLE FAMILY ADVISOR
0.00 		0 0 0
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
STEVEN F HAYWARD GRANT ADVISOR
1.00 		13,000 0 16,912
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
KIMBERLY O DENNIS EXECUTIVE DIRECTOR
40.00 		569,657 88,322 19,682
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
STEPHEN MOORE GRANT ADVISOR
1.00 		13,000 0 13,000
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
JAMES PIERESON GRANT ADVISOR
1.00 		13,000 0 14,226
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
KINSHIP TRUST COMPANY LLC TRUSTEE
10.00 		650,000 0 0
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
ETHAN O MEERS FAMILY ADVISOR
1.00 		0 0 0
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
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
COURTNEY E MYERS PROGRAM OFFICER
40.00 		270,000 55,707 11,716
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
RICHARD J TREN PROGRAM OFFICER
40.00 		270,000 48,266 17,329
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
JENNIFER E MCDOUGAL OFFICE MANAGER
40.00 		103,886 14,991 1,275
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
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
GERARD ALEXANDER GRANTS IN HIGHER EDUCATION 91,282
1055 THOMAS JEFFERSON ST NW SUITE L
26
WASHINGTON,DC20007
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
27,794,341
b
Average of monthly cash balances.......................
1b
8,813,979
c
Fair market value of all other assets (see instructions)................
1c
14,983,239
d
Total (add lines 1a, b, and c).........................
1d
51,591,559
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
51,591,559
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
773,873
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
50,817,686
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,540,884
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
2,540,884
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
22,864
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,864
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,518,020
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,518,020
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
2,518,020
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
22,788,179
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
22,788,179
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 2,518,020
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 16,919,722
b From 2019...... 19,561,814
c From 2020...... 19,460,138
d From 2021...... 21,091,429
e From 2022...... 22,778,206
f Total of lines 3a through e ........ 99,811,309
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 22,788,179
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..... 2,518,020
e Remaining amount distributed out of corpus 20,270,159
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 5 120,081,468
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 .......... 		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) ... 		16,919,722
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		103,161,746
10 Analysis of line 9:
a Excess from 2019.... 19,561,814
b Excess from 2020.... 19,460,138
c Excess from 2021.... 21,091,429
d Excess from 2022.... 22,778,206
e Excess from 2023.... 20,270,159
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

INSTITUTE FOR CITIZEN FOCUSED SERVICE INC

320 S HENRY STREET
ALEXANDRIA,VA22314 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 25,000

CLAREMONT INSTITUTE

1317 W FOOTHILL BLVD SUITE 120
UPLAND,CA91786 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 50,000

INDIANA UNIVERSITY

100 SOUTH WOODLAWN AVENUE
BLOOMINGTON,IN47405 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 63,500

LUCY BURNS INSTITUTE

8383 GREENWAY BLVD SUITE 600
MIDDLETON,WI53562 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 75,000

PEOPLE UNITED FOR PRIVACY FOUNDATION

1655 NORTH FORT MYER DRIVE SUITE
360
ARLINGTON,VA22209 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 75,000

ENCOUNTER FOR CULTURE AND EDUCATION INC

900 BROADWAY SUITE 601
NEW YORK,NY10003 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 100,000

GLOBAL LIBERTY INSTITUTE USA

768 MAYFIELD AVENUE
STANFORD,CA94305 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 100,000

PACIFIC RESEARCH INSTITUTE

P O BOX 60485
PASEDENA,CA91116 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 100,000

PHILANTHROPY ROUNDTABLE

1120 20TH STREET NW SUITE 550 SOUTH
WASHINGTON,DC20036 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 100,000

STATE FINANCIAL OFFICERS FOUNDATION INC

13851 W 63RD STREET SUITE 405
SHAWNEE,KS66216 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 100,000

CENTER FOR INDEPENDENT THOUGHT

50 MONUMENT ROAD SUITE 102
BALA CYNWYD,PA19004 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000

INSTITUTE FOR CITIZEN FOCUSED SERVICE INC

320 S HENRY STREET
ALEXANDRIA,VA22314 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000

INSTITUTE FOR THE AMERICAN WORKER

38274 ALFALFA COURT
HAMILTON,VA20158 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000

PARENTS DEFENDING EDUCATION

4532 LEE HWY 119
ARLINGTON,VA22207 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000

TRUTH IN ACCOUNTING

118 N CLINTON STREET SUITE 206
CHICAGO,IL60661 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 125,000

CATO INSTITUTE

1000 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20001 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 200,000

EMPLOYMENT POLICIES INSTITUTE

1655 FORT MYER DRIVE SUITE 600
ARLINGTON,VA22209 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 200,000

PHILANTHROPY ROUNDTABLE

1120 20TH STREET NW SUITE 550 SOUTH
WASHINGTON,DC20036 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 200,000

SAGAMORE INSTITUTE

PO BOX 301076
INDIANAPOLIS,IN46230 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 200,000

FREEDOMWORKS FOUNDATION INC

111 K STREET NE
WASHINGTON,DC20002 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 250,000

DEFENSE OF FREEDOM INSTITUTE

1765 DUKE STREET
ALEXANDRIA,VA22314 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 350,000

GEORGE MASON UNIVERSITY FOUNDATION

4400 UNIVERSITY DRIVE MS 1A3
FAIRFAX,VA22030 		  OTHER PUBLIC CHARITY EDUCATION AND OUTREACH 700,000

GEORGE MASON UNIVERSITY FOUNDATION

4400 UNIVERSITY DRIVE MS 1A3
FAIRFAX,VA22030 		  OTHER PUBLIC CHARITY FELLOWSHIPS 10,000

UNIVERSITY OF CHICAGO

5757 UNIVERSITY AVENUE
CHICAGO,IL60637 		  OTHER PUBLIC CHARITY FELLOWSHIPS 52,500

HUDSON INSTITUTE

1201 PENNSYLVANIA AVENUE SUITE 400
WASHINGTON,DC20004 		  OTHER PUBLIC CHARITY FELLOWSHIPS 75,000

NEW YORK UNIVERSITY

110 WEST THIRD STREET 2ND FLOOR
NEW YORK,NY10012 		  OTHER PUBLIC CHARITY FELLOWSHIPS 88,500

KINSHIP FOUNDATION

111 N FAIRCHILD ST SUITE 300
MADISON,WI53703 		  OTHER PUBLIC CHARITY FELLOWSHIPS 120,000

PLAYERS PHILANTHROPY FUND

1122 KENILWORTH DRIVE 201
TOWSON,MD21204 		  OTHER PUBLIC CHARITY FELLOWSHIPS 125,000

FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES

1776 I STREET NW SUITE 300
WASHINGTON,DC20006 		  OTHER PUBLIC CHARITY FELLOWSHIPS 190,000

FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES

1776 I STREET NW SUITE 300
WASHINGTON,DC20006 		  OTHER PUBLIC CHARITY FELLOWSHIPS 248,500

MOVING PICTURE INSTITUTE

375 GREENWICH STREET
NEW YORK,NY10013 		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 36,000

STEELE FAMILY FOUNDATION

24811 N 90TH WAY
SCOTTSDALE,AZ85255 		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 100,000

REASON FOUNDATION

5737 MESMER AVENUE
LOS ANGELES,CA90230 		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 105,000

EMERGENT ORDER FOUNDATION

4450 FRONTIER TRAIL
AUSTIN,TX78745 		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 200,000

MOVING PICTURE INSTITUTE

375 GREENWICH STREET
NEW YORK,NY10013 		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 200,000

REASON FOUNDATION

5737 MESMER AVENUE
LOS ANGELES,CA90230 		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 300,000

VMTS EDUCATION INC

137 N MONTAGUE STREET 132
BROOKLYN,NY11201 		  OTHER PUBLIC CHARITY FILM AND NEW MEDIA 300,000

THE DAILY CALLER NEWS FOUNDATION

1737 H STREET NW SUITE 100
WASHINGTON,DC20006 		  OTHER PUBLIC CHARITY JOURNALISM 75,000

THE DAILY CALLER NEWS FOUNDATION

1737 H STREET NW SUITE 100
WASHINGTON,DC20006 		  OTHER PUBLIC CHARITY JOURNALISM 75,000

AMERICAN PRIVATE RADIO

1739 UNIVERSITY AVE NO 341
OXFORD,MS38655 		  OTHER PUBLIC CHARITY JOURNALISM 100,000

NATIONAL AFFAIRS

1789 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20036 		  OTHER PUBLIC CHARITY JOURNALISM 100,000

NATIONAL REVIEW INSTITUTE

19 WEST 44TH STREET SUITE 1701
NEW YORK,NY10036 		  OTHER PUBLIC CHARITY JOURNALISM 100,000

STUDENT FREE PRESS ASSOCIATION

PO BOX 76
HILLSDALE,MI49242 		  OTHER PUBLIC CHARITY JOURNALISM 100,000

REAL CLEAR FOUNDATION

666 DUNDEE ROAD BLDG 600
NORTHBROOK,IL60062 		  OTHER PUBLIC CHARITY JOURNALISM 200,000

RICOCHET PRODUCTIONS

1542 LOMA DRIVE
OJAI,CA93023 		  OTHER PUBLIC CHARITY JOURNALISM 250,000

FRANKLIN NEWS FOUNDATION

20 N CLARK STREET SUITE 3300
CHICAGO,IL60602 		  OTHER PUBLIC CHARITY JOURNALISM 300,000

INSTITUTE FOR JUSTICE

901 N GLEBE ROAD SUITE 900
ARLINGTON,VA22203 		  OTHER PUBLIC CHARITY LITIGATION 50,000

LIBERTY JUSTICE CENTER

208 S LASALLE STREET SUITE 1690
CHICAGO,IL60604 		  OTHER PUBLIC CHARITY LITIGATION 100,000

PROPERTY AND ENVIRONMENT RESEARCH CENTER

2048 ANALYSIS DRIVE SUITE A
BOZEMAN,MT59718 		  OTHER PUBLIC CHARITY LITIGATION 100,000

TEXAS PUBLIC POLICY FOUNDATION

901 CONGRESS AVENUE
AUSTIN,TX78701 		  OTHER PUBLIC CHARITY LITIGATION 100,000

WISCONSIN INSTITUTE FOR LAW AND LIBERTY

330 E KILBOURN SUITE 725
MILWAUKEE,WI53202 		  OTHER PUBLIC CHARITY LITIGATION 100,000

GOLDWATER INSTITUTE

500 E CORONADO ROAD
PHOENIX,AZ85004 		  OTHER PUBLIC CHARITY LITIGATION 125,000

SPEECH FIRST

1300 I STREET NW SUITE 400E
WASHINGTON,DC20005 		  OTHER PUBLIC CHARITY LITIGATION 175,000

PACIFIC LEGAL FOUNDATION

555 CAPITOL MALL SUITE 1290
SACRAMENTO,CA95814 		  OTHER PUBLIC CHARITY LITIGATION 200,000

HAMILTON LINCOLN LAW INSTITUTE

1629 K ST NW SUITE 300
WASHINGTON,DC20006 		  OTHER PUBLIC CHARITY LITIGATION 225,000

CENTER FOR INDIVIDUAL RIGHTS

1100 CONNNECTICUT AVENUE NW SUITE
625
WASHINGTON,DC20036 		  OTHER PUBLIC CHARITY LITIGATION 250,000

GEORGE MASON UNIVERSITY FOUNDATION

4400 UNIVERSITY DRIVE MS 1A3
FAIRFAX,VA22030 		  OTHER PUBLIC CHARITY LITIGATION 250,000

GEORGE MASON UNIVERSITY FOUNDATION

4400 UNIVERSITY DRIVE MS 1A3
FAIRFAX,VA22030 		  OTHER PUBLIC CHARITY LITIGATION 300,000

NATIONAL TAXPAYERS UNION FOUNDATION

122 C STREET NW SUITE 650
WASHINGTON,DC20001 		  OTHER PUBLIC CHARITY LITIGATION 300,000

TEXAS PUBLIC POLICY FOUNDATION

901 CONGRESS AVENUE
AUSTIN,TX78701 		  OTHER PUBLIC CHARITY LITIGATION 300,000

NEW CIVIL LIBERTIES ALLIANCE

1225 19TH STREET NW SUITE 450
WASHINGTON,DC20036 		  OTHER PUBLIC CHARITY LITIGATION 400,000

PACIFIC LEGAL FOUNDATION

555 CAPITOL MALL SUITE 1290
SACRAMENTO,CA95814 		  OTHER PUBLIC CHARITY LITIGATION 500,000

FEDERALIST SOCIETY FOR LAW AND PUBLIC POLICY STUDIES

1776 I STREET NW SUITE 300
WASHINGTON,DC20006 		  OTHER PUBLIC CHARITY ONLINE EDUCATION 150,000

AMERICAN INSTITUTE FOR ECONOMIC RESEARCH

250 DIVISION STREET PO BOX1000
GREAT BARRINGTON,MA01230 		  OTHER PUBLIC CHARITY RESEARCH 46,000

GEORGE WASHINGTON UNIVERSITY

805 21ST ST NW SUITE 600
WASHINGTON,DC20052 		  OTHER PUBLIC CHARITY RESEARCH 50,000

GEORGE WASHINGTON UNIVERSITY

805 21ST ST NW SUITE 600
WASHINGTON,DC20052 		  OTHER PUBLIC CHARITY RESEARCH 50,000

CAPITAL RESEARCH CENTER

1513 16TH STREET NW
WASHINGTON,DC20036 		  OTHER PUBLIC CHARITY RESEARCH 75,000

FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY

201 WEST FIFTH STREET SUITE 1100
WEST FIFTH STREET,TX78701 		  OTHER PUBLIC CHARITY RESEARCH 75,000

INSTITUTE FOR ENERGY RESEARCH

1155 15TH STREET NW SUITE 900
WASHINGTON,DC20005 		  OTHER PUBLIC CHARITY RESEARCH 75,000

PACIFIC RESEARCH INSTITUTE

PO BOX 60485
PASEDENA,CA91116 		  OTHER PUBLIC CHARITY RESEARCH 75,000

AMERICAN TRANSPARENCY

3 GRANT SQUARE 355
HINSDALE,IL60521 		  OTHER PUBLIC CHARITY RESEARCH 100,000

BUCKEYE INSTITUTE

88 EAST BROAD ST SUITE 1300
COLUMBUS,OH43215 		  OTHER PUBLIC CHARITY RESEARCH 100,000

CATO INSTITUTE

1000 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20001 		  OTHER PUBLIC CHARITY RESEARCH 100,000

CATO INSTITUTE

1000 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20001 		  OTHER PUBLIC CHARITY RESEARCH 100,000

CO2 COALITION

1621 N KENT STREET SUITE 603
ARLINGTON,VA22209 		  OTHER PUBLIC CHARITY RESEARCH 100,000

DO NO HARM

11357 NUCKOLS ROAD PMB 115
GLEN ALLEN,VA23059 		  OTHER PUBLIC CHARITY RESEARCH 100,000

GOVERNMENT ACCOUNTABILITY INSTITUTE

1414 PIEDMONT DRIVE EAST
TALLAHASSEE,FL32308 		  OTHER PUBLIC CHARITY RESEARCH 100,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC

52 VANDERBILT AVENUE
NEW YORK,NY10017 		  OTHER PUBLIC CHARITY RESEARCH 100,000

WIREPOINTS CORP

820 LAKE AVENUE
WILMETTE,IL60091 		  OTHER PUBLIC CHARITY RESEARCH 100,000

COMMITTEE TO UNLEASH PROSPERITY

9008 BELMART ROAD
POTOMAC,MD20854 		  OTHER PUBLIC CHARITY RESEARCH 125,000

COMMITTEE TO UNLEASH PROSPERITY

9008 BELMART ROAD
POTOMAC,MD20854 		  OTHER PUBLIC CHARITY RESEARCH 150,000

TEXAS PUBLIC POLICY FOUNDATION

901 CONGRESS AVENUE
AUSTIN,TX78701 		  OTHER PUBLIC CHARITY RESEARCH 150,000

THE HERITAGE FOUNDATION

214 MASSACHUSETTS AVENUE NE DEPT 18
WASHINGTON,DC20002 		  OTHER PUBLIC CHARITY RESEARCH 150,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC

52 VANDERBILT AVENUE
NEW YORK,NY10017 		  OTHER PUBLIC CHARITY RESEARCH 200,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC

52 VANDERBILT AVENUE
NEW YORK,NY10017 		  OTHER PUBLIC CHARITY RESEARCH 200,000

GEORGIA CENTER FOR OPPORTUNITY

333 RESEARCH COURT SUITE 210
PEACHTREE CORNERS,GA30092 		  OTHER PUBLIC CHARITY RESEARCH 225,000

PROPERTY AND ENVIRONMENT RESEARCH CENTER

2048 ANALYSIS DRIVE SUITE A
BOZEMAN,MT59718 		  OTHER PUBLIC CHARITY RESEARCH 225,000

AMERICAN LEGISLATIVE EXCHANGE COUNCIL

2900 CRYSTAL DRIVE 6TH FLOOR
ARLINGTON,VA22202 		  OTHER PUBLIC CHARITY RESEARCH 250,000

ECONOMIC POLICY INNOVATION CENTER

430 FIRST STREET SE SUITE 2
WASHINGTON,DC20003 		  OTHER PUBLIC CHARITY RESEARCH 250,000

MERCATUS CENTER

3434 WASHINGTON BOULEVARD 4TH FLOOR
ARLINGTON,VA22201 		  OTHER PUBLIC CHARITY RESEARCH 250,000

REASON FOUNDATION

5737 MESMER AVENUE
LOS ANGELES,CA90230 		  OTHER PUBLIC CHARITY RESEARCH 250,000

THE HERITAGE FOUNDATION

214 MASSACHUSETTS AVENUE NE DEPT 18
WASHINGTON,DC20002 		  OTHER PUBLIC CHARITY RESEARCH 250,000

GEORGE MASON UNIVERSITY FOUNDATION

4401 UNIVERSITY DRIVE MS 1A3
FAIRFAX,VA22031 		  OTHER PUBLIC CHARITY RESEARCH 275,000

AMERICA FIRST POLICY INSTITUTE

1001 PENNSYLVANIA AVE NW SUITE 530
WASHINGTON,DC20004 		  OTHER PUBLIC CHARITY RESEARCH 300,000

INSTITUTE FOR JUSTICE

901 N GLEBE ROAD SUITE 900
ARLINGTON,VA22203 		  OTHER PUBLIC CHARITY RESEARCH 300,000

COMPETITIVE ENTERPRISE INSTITUTE

1310 L STREET 7TH FLOOR
WASHINGTON,DC20005 		  OTHER PUBLIC CHARITY RESEARCH 400,000

CENTER FOR ENVIRONMENTAL ACCOUNTABILITY

801 17TH STREET SUITE 350
WASHINGTON,DC20006 		  OTHER PUBLIC CHARITY RESEARCH 500,000

TAX FOUNDATION

1325 G STREET NW SUITE 950
WASHINGTON,DC20005 		  OTHER PUBLIC CHARITY RESEARCH 500,000

FOUNDATION FOR GOVERNMENT ACCOUNTABILITY

15275 COLLIER BLVD SUITE 201-279
NAPLES,FL34119 		  OTHER PUBLIC CHARITY RESEARCH 800,000

AMERICAN ENTERPRISE INSTITUTE

1789 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20036 		  OTHER PUBLIC CHARITY RESEARCH 1,000,000

STATE POLICY NETWORK

1655 NORTH FORT MYER DRIVE SUITE 36
ARLINGTON,VA22209 		  OTHER PUBLIC CHARITY RESEARCH 1,312,000

FLOW THROUGH CONTRIBUTIONS FROM KTC HEDGE PRODUCTS LLC

111 N FAIRCHILD ST SUITE 300
MADISON,WI53701 		  OTHER PUBLIC CHARITY THE UNRESTRICTED USE OF THE CHARITY 457
Total .................................right arrow 3a 19,997,457
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 1,534,743  
4 Dividends and interest from securities ....     14 527,195  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     14    
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 49,078  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -2,331,173  
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 -220,157 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-220,157
(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:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 1,980 1,980   0

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

TY 2023 DepreciationSchedule
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
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
3 ENTRYWAY CHAIRS 2006-10-13 712 712 SL 7.000000000000 0 0    
COUCH 2006-08-15 1,397 1,397 SL 7.000000000000 0 0    
LOBBY DISPLAY 2006-10-17 3,627 3,627 SL 7.000000000000 0 0    
8 ZODY TASK CHAIRS 2006-11-10 3,736 3,736 SL 7.000000000000 0 0    
2 SMALL FILE CABINETS 1814M 2006-10-26 308 308 SL 7.000000000000 0 0    
2 SMALL FILE CABINETS 1813M 2006-10-26 321 321 SL 7.000000000000 0 0    
FULL BOOKCASE 2006-11-06 1,208 1,208 SL 7.000000000000 0 0    
TABLE 36" 2006-11-06 1,227 1,227 SL 7.000000000000 0 0    
TABLE 42" 2006-11-06 1,440 1,440 SL 7.000000000000 0 0    
CREDENZA 2006-11-06 2,074 2,074 SL 7.000000000000 0 0    
OFS DESK 2006-11-06 3,254 3,254 SL 7.000000000000 0 0    
4 LAT FILE/BOOKCASE 2006-11-06 7,522 7,522 SL 7.000000000000 0 0    
6 OFS DESKS 2006-11-06 18,541 18,541 SL 7.000000000000 0 0    
3 LARGE FILE CABINETS 2006-11-06 1,662 1,662 SL 7.000000000000 0 0    
11 SIDE CHAIRS (BINGO) 2006-12-14 2,756 2,756 SL 7.000000000000 0 0    
2 LEATHER CHAIRS 2006-09-02 628 628 SL 7.000000000000 0 0    
HP NETWORK SWITCH 2006-10-30 500 500 SL 5.000000000000 0 0    
HP COLOR PRINTER 2006-10-30 699 699 SL 5.000000000000 0 0    
COPY MACHINE 2006-09-18 1,528 1,528 SL 5.000000000000 0 0    
1 DESK, 3 LATERAL FILES/BOOKSHELF 2007-03-14 8,095 8,095 SL 7.000000000000 0 0    
6 ZODY TASK CHAIRS 2007-04-13 2,765 2,765 SL 7.000000000000 0 0    
1 DESKS, 2 LATERAL FILES 2007-05-14 4,682 4,682 SL 7.000000000000 0 0    
CHICAGO SHELVING BOOKCASE 2007-03-29 1,797 1,797 SL 7.000000000000 0 0    
1 BOOKCASE, 2 ORGANIZERS 2008-04-02 2,408 2,408 SL 7.000000000000 0 0    
5 DELL COMPUTERS 2010-06-07 3,895 3,895 SL 5.000000000000 0 0    
WINDOWS 7 PROFESSIONAL SOFTWARE 2010-06-07 636 636 SL 3.000000000000 0 0    
IPAD - MDS 2010-08-01 629 629 SL 5.000000000000 0 0    
IPAD - SM/JP 2010-08-01 1,258 1,258 SL 5.000000000000 0 0    
IPAD - SH 2010-04-30 629 629 SL 5.000000000000 0 0    
4 DRAWER LATERAL FILE 2011-06-15 936 936 SL 7.000000000000 0 0    
MICROEDGE GIFTS 2011-02-17 10,750 10,750 SL 3.000000000000 0 0    
IPAD - RT 2012-08-27 778 778 SL 5.000000000000 0 0    
3 CHAIRS 2012-04-02 5,670 5,670 SL 7.000000000000 0 0    
21 CHAIRS 2012-04-27 13,968 13,965 SL 7.000000000000 0 0    
SOFABED 2012-04-27 796 796 SL 7.000000000000 0 0    
WARDROBE & LOUNGE CHAIR 2012-05-29 1,117 1,117 SL 7.000000000000 0 0    
ARMOIRE 2012-05-29 2,700 2,700 SL 7.000000000000 0 0    
COCKTAIL TABLE AND BARSTOOLS 2012-05-29 3,147 3,147 SL 7.000000000000 0 0    
TASK CHAIRS 2012-06-21 3,543 3,543 SL 7.000000000000 0 0    
FOOTSTOOL 2012-07-03 494 494 SL 7.000000000000 0 0    
2 OFFICE CHAIRS 2012-09-18 2,635 2,632 SL 7.000000000000 0 0    
BAR CART 2012-12-21 1,681 1,681 SL 7.000000000000 0 0    
CONFERENCE TABLE 2012-12-21 2,738 2,738 SL 7.000000000000 0 0    
MAC BOOK AIR 2013-10-28 1,428 1,428 SL 5.000000000000 0 0    
PCM SAMSUNG TABLET 2013-10-28 1,689 1,689 SL 5.000000000000 0 0    
IPAD - GA 2013-11-18 854 854 SL 5.000000000000 0 0    
IPAD - CM AND KD 2013-11-18 1,624 1,624 SL 5.000000000000 0 0    
EPSON PROJECTOR 2013-11-18 997 997 SL 5.000000000000 0 0    
IPAD - EOM 2013-12-31 871 871 SL 5.000000000000 0 0    
IPAD - COMPANY 2014-07-28 613 613 SL 5.000000000000 0 0    
LENOVA LAPTOP 2014-10-31 846 846 SL 5.000000000000 0 0    
FIREWALL 2014-12-01 817 817 SL 3.000000000000 0 0    
8 ZODY TASK CHAIRS 2015-12-24 6,979 6,979 SL 7.000000000000 0 0    
DELL LAPTOP 2015-04-07 523 523 SL 5.000000000000 0 0    
ERESOURCES PC 2016-03-16 5,731 5,731 SL 5.000000000000 0 0    
APPLE LAPTOP 2021-12-20 3,725 745 SL 5.000000000000 745 0    

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TY 2023 ExpenditureResponsibilityStmt
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
KINSHIP FOUNDATION
  		111 NORTH FAIRCHILD STREET SUITE
300
MADISON,WI53703 		2023-07-20 120,000 THE PURPOSE OF THIS DISTRIBUTION WAS TO PROVIDE OPERATING FUNDING TO ENABLE KINSHIP TO BETTER CARRY ON ITS OWN CHARITABLE ACTIVITIES AND PROVIDE ADMINISTRATIVE SUPPORT TO OTHER SECTION 501(C)(3) ORGANIZATIONS. 120,000 NO PART OF THE GRANT WAS USED OTHER THAN FOR ITS INTENDED PURPOSE REPORT DATED OCTOBER 30, 2024 WAS RECEIVED FROM THE GRANTEE OCTOBER 31, 2024   THE GRANTOR NEED NOT CONDUCT ANY INDEPENDENT VERIFICATION OF SUCH REPORTS UNLESS IT HAS REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. 53.4945-5(C)(1).

TY 2023 InvestmentsGovtObligationsSch
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
US Government Securities - End of Year Book Value:

19,706,884
US Government Securities - End of Year Fair Market Value:

19,677,121
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ADVENT INTL GPE V LP AT COST 605,911 44,398
ADVISORS AT COST 1,562,794 467,413
ADVISORS IV AT COST 11,576,891 708,001
APACHE OFFSHORE AT COST 12,147 10,301
BENCHMARK CAPITAL PARTNERS V AT COST 559,539 172,273
CHARLES SCHWAB - 457 PLAN AT COST 234,294 234,294
FOUNDATION CAPITAL V LP AT COST 188,475 396,528
HOLDEN VENTURES III D AT COST 633,725 633,725
KTC FLIP LLC AT COST 291,635 47,936
KTC HEDGE PRODUCTS, LLC AT COST 11,259,577 9,556,409
PROSPECT VENTURE PARTNERS III AT COST 193,731 23,779
RHO VENTURES V AT COST 121,955 24,282

TY 2023 LandEtcSchedule2
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
3 ENTRYWAY CHAIRS 712 712 0  
COUCH 1,397 1,397 0  
LOBBY DISPLAY 3,627 3,627 0  
8 ZODY TASK CHAIRS 3,736 3,736 0  
2 SMALL FILE CABINETS 1814M 308 308 0  
2 SMALL FILE CABINETS 1813M 321 321 0  
FULL BOOKCASE 1,208 1,208 0  
TABLE 36" 1,227 1,227 0  
TABLE 42" 1,440 1,440 0  
CREDENZA 2,074 2,074 0  
OFS DESK 3,254 3,254 0  
4 LAT FILE/BOOKCASE 7,522 7,522 0  
6 OFS DESKS 18,541 18,541 0  
3 LARGE FILE CABINETS 1,662 1,662 0  
11 SIDE CHAIRS (BINGO) 2,756 2,756 0  
2 LEATHER CHAIRS 628 628 0  
HP NETWORK SWITCH 500 500 0  
HP COLOR PRINTER 699 699 0  
COPY MACHINE 1,528 1,528 0  
1 DESK, 3 LATERAL FILES/BOOKSHELF 8,095 8,095 0  
6 ZODY TASK CHAIRS 2,765 2,765 0  
1 DESKS, 2 LATERAL FILES 4,682 4,682 0  
CHICAGO SHELVING BOOKCASE 1,797 1,797 0  
1 BOOKCASE, 2 ORGANIZERS 2,408 2,408 0  
5 DELL COMPUTERS 3,895 3,895 0  
WINDOWS 7 PROFESSIONAL SOFTWARE 636 636 0  
IPAD - MDS 629 629 0  
IPAD - SM/JP 1,258 1,258 0  
IPAD - SH 629 629 0  
4 DRAWER LATERAL FILE 936 936 0  
MICROEDGE GIFTS 10,750 10,750 0  
IPAD - RT 778 778 0  
3 CHAIRS 5,670 5,670 0  
21 CHAIRS 13,968 13,965 3  
SOFABED 796 796 0  
WARDROBE & LOUNGE CHAIR 1,117 1,117 0  
ARMOIRE 2,700 2,700 0  
COCKTAIL TABLE AND BARSTOOLS 3,147 3,147 0  
TASK CHAIRS 3,543 3,543 0  
FOOTSTOOL 494 494 0  
2 OFFICE CHAIRS 2,635 2,632 3  
BAR CART 1,681 1,681 0  
CONFERENCE TABLE 2,738 2,738 0  
MAC BOOK AIR 1,428 1,428 0  
PCM SAMSUNG TABLET 1,689 1,689 0  
IPAD - GA 854 854 0  
IPAD - CM AND KD 1,624 1,624 0  
EPSON PROJECTOR 997 997 0  
IPAD - EOM 871 871 0  
IPAD - COMPANY 613 613 0  
LENOVA LAPTOP 846 846 0  
FIREWALL 817 817 0  
8 ZODY TASK CHAIRS 6,979 6,979 0  
DELL LAPTOP 523 523 0  
ERESOURCES PC 5,731 5,731 0  
APPLE LAPTOP 3,725 1,490 2,235  


TY 2023 OtherAssetsSchedule
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DISTRIBUTIONS RECEIVABLE 182,828 94,936 94,936
SECURITY DEPOSITS 78,895 78,895 78,895
ACCRUED INTEREST RECEIVABLE 2,776 0 0


TY 2023 OtherExpensesSchedule
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PORTFOLIO DEDUCTIONS VIA KTC HEDGE PRODUCTS 94 94   0
OTHER DEDUCTIONS VIA ADVENT INT'L GPE V 755 755   0
OTHER DEDUCTIONS VIA ADVISORS IV 1,906 1,906   0
OTHER DEDUCTIONS VIA BENCHMARK CAP V 427 427   0
OTHER DEDUCTIONS VIA FOUNDATION CAP V 185 185   0
OTHER DEDUCTIONS VIA HOLDEN VENTURES III D 1,619 1,619   0
OTHER DEDUCTIONS VIA KTC FLIP 209 209   0
OTHER DEDUCTIONS VIA KTC HEDGE PRODUCTS 193,406 193,406   0
OTHER DEDUCTIONS VIA KTC STRATEGIC OPPS 4,483 4,483   0
OTHER DEDUCTIONS VIA PROSPECT VENTURE III 530 530   0
OTHER DEDUCTIONS VIA RHO VENTURES V 572 572   0
OTHER DEDUCTIONS VIA SCF-VI 329 329   0
SEC 59 E (2) EXPENDITURES VIA APACHE OFFSHORE 8 8   0
SEC 59 E (2) EXPENDITURES VIA KTC HEDGE PRODUCTS 6,218 6,218   0
SECTION 179 DEDUCTION VIA ADVISORS 4,777 4,777   0
NON-DEDUCTIBLE EXPENSE VIA ADVISORS 2,470 0   0
NON-DEDUCTIBLE EXPENSE VIA KTC HEDGE PRODUCTS 393 0   0
BANK FEES 7,213 7,213   0
FILING FEES 15 0   15
PROPERTY & LIABILITY INSURANCE 1,018 0   1,018
PAYROLL FEES 10,045 0   10,045
POSTAGE/SUPPLIES/SHIPPING 6,662 0   6,662
CONSULTING 108,344 0   108,344
TAX PENALTIES 650 0   0
COMPUTERS & TECHNOLOGY 12,290 0   12,290
TELEPHONE 8,685 0   8,685
MEALS & ENTERTAINMENT 32,669 0   32,669
MISCELLANEOUS DEDUCTIONS 993 0   993
UNREALIZED GAIN -10,235 0   0


TY 2023 OtherIncomeSchedule2
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FLOW THROUGH ORDINARY INCOME FROM ADVISORS 33,127 33,127 33,127
FLOW THROUGH ORDINARY INCOME FROM APACHE OFFSHORE 179 179 179
FLOW THROUGH ORDINARY INCOME FROM KTC FLIP 229 229 229
FLOW THROUGH ORDINARY INCOME FROM KTC HEDGE PRODUCTS 7,823 7,823 7,823
FLOW THROUGH OTHER PORTFOLIO INCOME FROM KTC HEDGE PRODUCTS 26,816 26,816 26,816
FLOW THROUGH OTHER PORTFOLIO INCOME FROM KTC STRATEGIC OPPS 3,396 3,396 3,396
FLOW THROUGH OTHER INCOME FROM ADVENT INT'L GPE V 521 521 521
FLOW THROUGH OTHER INCOME FROM KTC HEDGE PRODUCTS -13,374 -13,374 -13,374
FLOW THROUGH OTHER INCOME FROM KTC STRATEGIC OPPS 43 43 43
FLOW THROUGH OTHER INCOME FROM PROSPECT VENTURE III 5 5 5
FLOW THROUGH TAX EXEMPT OTHER INCOME FROM KTC HEDGE PRODUCTS 347 0 347
STATE TAX REFUND 384 0 384
UBTI ADJUSTMENT   -4,219  
OTHER MISCELLANEOUS INCOME 8,600 8,600 8,600
UNEMPLOYMENT COMPENSATION REFUND 900 0 900
FLOW THROUGH FROM ADVISORS -3,229 -3,229 -3,229
FLOW THROUGH FROM ADVISORS IV -33 -33 -33
FLOW THROUGH FROM KTC HEDGE FUND PRODUCTS -16,656 -16,656 -16,656


TY 2023 OtherIncreasesSchedule
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Description Amount
CLEAN UP OF PRIOR YEAR BALANCE SHEET ACCOUNTS 1,198,955


TY 2023 OtherLiabilitiesSchedule
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED COMPENSATION LIABILITY 203,535 234,295
DEFERRED BONUS LIABILITY 0 157,761


TY 2023 TaxesSchedule
Name:
THE SEARLE FREEDOM TRUST
 
C/O KINSHIP LLC
EIN:
36-7244615
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE TAXES 54,454 0   0
FEDERAL TAXES 250,000 0   0
FOREIGN TAXES VIA KTC HEDGE PRODUCTS 5,824 5,824   0
FOREIGN TAXES VIA KTC STRATEGIC OPPS 4,294 4,294   0