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 Helis Foundation
 
% MICHAEL F SCHOTT
Number and street (or P.O. box number if mail is not delivered to street address)201 St Charles Avenue Suite 2600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
New Orleans, LA70170
A Employer identification number

72-6020536
B Telephone number (see instructions)

(504) 523-1831
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$85,678,583J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 506 506  
4 Dividends and interest from securities... 1,633,905 1,633,905  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -679,982
b Gross sales price for all assets on line 6a 13,694,068
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
424,537 337,466  
12 Total. Add lines 1 through 11........ 1,378,966 1,971,877  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 8,480 1,000 0 7,480
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,870 21,000 0 26,870
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
878,602 330,000   548,602
17 Interest............... 363 131    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
38,133 16,055    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 71,503     71,503
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
52,724 15,350   37,374
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,097,675 383,536 0 691,829
25 Contributions, gifts, grants paid....... 2,429,976 2,429,976
26 Total expenses and disbursements. Add lines 24 and 25 3,527,651 383,536 0 3,121,805
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,148,685
b Net investment income (if negative, enter -0-) 1,588,341
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 675,665 798,934 798,934
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.......... 42,137 79,830 79,830
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 492,381 Click to see attachment
List of Attached Documents:
// Content
492,381 		413,890
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).......... 78,668,215 Click to see attachment
List of Attached Documents:
// Content
76,273,882 		79,660,788
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,820,455 		Click to see attachment
List of Attached Documents:
// Content
4,725,141 		Click to see attachment
List of Attached Documents:
// Content
4,725,141
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 84,698,853 82,370,168 85,678,583
Liabilities 17 Accounts payable and accrued expenses.......... 35,000 420,000
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
1,785,000 		Click to see attachment
List of Attached Documents:
// Content
1,220,000
23 Total liabilities (add lines 17 through 22)......... 1,820,000 1,640,000
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........... 11,340,394 10,885,751
25 Net assets with donor restrictions............ 71,538,459 69,844,417
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    
29 Total net assets or fund balances (see instructions)..... 82,878,853 80,730,168
30 Total liabilities and net assets/fund balances (see instructions). 84,698,853 82,370,168
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
82,878,853
2
Enter amount from Part I, line 27a .....................
2
-2,148,685
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
80,730,168
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
80,730,168
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 1871.8 SHRS ALLSPRING - THF P   2023-02-10
b 624.07 SHRS DODGE & COX INC - THF P   2023-02-10
c 3878.45 SHRS PIMCO INT'L - THF P   2023-02-10
d 2839.3 SHRS TIAA CREF RE - THF P   2023-02-10
e 250000 SHRS SCHWAB GOV - THF P   2023-01-03
499800 SHRS SCHWAB VAR SHR - DHH P   2023-01-03
4864.25 ALLSPRING- DHH P   2023-02-10
5865.10 SHRS DODGE & COX GLOBAL - DHH P   2023-02-10
1623.83 SHRS DODGE & COX INC - DHH P   2023-02-10
10055.25 SHRS PIMCO INT'L - DHH P   2023-02-10
7098.24 SHRS TIAA CREF RE - DHH P   2023-02-10
2249550 SHRS SCHWAB VAR SHR - DHH P   2023-08-27
7917.53 SHRS SCHWAB GOV - DHH P   2023-12-19
HARBORWALK V20 K-1 - DHH P   2023-06-30
HARBORWALK V20 K-1 - AHM P   2023-06-30
499800 SHRS SCHWAB GOV - AHM P   2023-01-03
4038.31 SHRS ALLSPRING - AHM     2023-02-10
10947.84 SHRS PIMCO INT'L - AHM P   2023-02-10
2049590 SHRS SCHWAB VAR SHR - AHM P   2023-08-27
249875 SHRS SCHWAB VAR SHR - AHM P   2023-12-19
58972 SHRS ALLSPRING - THF P   2023-02-10
4904.78 SHRS DODGE & COX INC - THF P   2023-02-10
29841.26 SHRS PIMCO INT'L - THF P   2023-02-10
84.575 SHRS SKYBRIDGE - THF P   2023-03-31
74.963 SHRS SKYBRIDGE - THF P   2023-09-29
SCHWAB CAPITAL GAIN DISTR - THF P   2023-12-31
HRJ GLOBAL BUY-OUT US K-1 - THF P   2023-12-31
HRJ GLOBAL BUY-III EUROPE K-1 -THF P   2023-12-31
PAS REAL ESTATE FD V K-1 - THF P   2023-12-31
PAS REAL ESTATE FD VII K-1 - THF P   2023-12-31
HRJ GLOBAL BUY-OUT ASIA LIQ TAX BASIS - THF P   2023-12-08
HRJ GLOBAL BUY-OUT NM ASIA LIQ TAX BASIS - THF P   2023-12-08
153251.8 SHRS ALLSPRING - DHH P   2023-02-10
12959.5 SHRS DODGE & COX INC - DHH P   2023-02-10
82673.94 SHRS PIMCO INT'L - DHH P   2023-02-10
1721.76 SHRS POLARIS - DHH P   2023-02-10
107.45 SHRS SKYBRIDGE - DHH P   2023-03-31
95.238 SHRS SKYBRIDGE - DHH P   2023-09-29
241957.537 SHRS SCHWAB GOV - DHH P   2023-12-19
SCHWAB CAPITAL GAIN DISTR - DHH P   2023-12-31
HRJ GLOBAL BUY-OUT US K-1 - DHH P   2023-12-31
HRJ GLOBAL BUY-III EUROPE K-1 - DHH P   2023-12-31
HARBORWALK V20 K-1 - DHH P   2023-06-30
PAS REAL ESTATE FD V K-1 - DHH P   2023-12-31
PAS REAL ESTATE FD VII K-1 - DHH P   2023-12-31
HRJ GLOBAL BUY-OUT ASIA LIQ TAX BASIS - DHH P   2023-12-08
HRJ GLOBAL BUY-OUT NM ASIA LIQ TAX BASIS - DHH P   2023-12-08
HARBORWALK V20 LIQ TAX BASIS - DHH P   2023-06-30
127229.93 SHRS ALLSPRING - AHM P   2023-02-10
100631.11 SHRS PIMCO INT'L - AHM P   2023-02-10
SCHWAB CAPITAL GAIN DISTR - AHM     2023-12-31
CAPITAL DYNAMICS MID MKT K-1 - AHM P   2023-12-31
HARBORWALK V20 K-1 - AHM P   2023-06-30
PAS REAL ESTATE FD V K-1 - AHM P   2023-12-31
PAS REAL ESTATE FD IV K-1 - AHM P   2023-12-31
PAS REAL ESTATE FD VII K-1 - AHM P   2023-12-31
HARBORWALK V20 LIQ TAX BASIS - AHM P   2023-06-30
(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 21,263   21,563 -300
b 7,786   7,986 -200
c 36,804   37,565 -761
d 49,976   60,695 -10,719
e 250,000   250,000  
500,000   499,851 149
55,257   56,034 -777
79,975   88,212 -8,237
20,262   20,778 -516
95,422   97,391 -1,969
124,976   151,717 -26,741
2,250,000   2,250,000  
7,921   7,920 1
    66,755 -66,755
    62,758 -62,758
500,000   499,850 150
46,198   46,520 -322
104,002   105,843 -1,841
2,050,000   2,050,000  
250,000   249,900 100
669,902   756,132 -86,230
61,189   71,644 -10,455
283,173   326,777 -43,604
64,744   97,746 -33,002
55,166   56,244 -1,078
48,774     48,774
    2,737 -2,737
    9,316 -9,316
    1,334 -1,334
3,300     3,300
0   0 0
0   0 0
1,740,917   1,957,026 -216,109
161,713   189,268 -27,555
784,554   905,299 -120,745
49,976   55,301 -5,325
82,256   135,397 -53,141
70,086   120,009 -49,923
242,078   241,981 97
123,775     123,775
    4,105 -4,105
    13,974 -13,974
    19,549 -19,549
    3,335 -3,335
8,250     8,250
0   0 0
0   0 0
0   0 0
1,455,487   1,650,774 -195,287
955,974   1,101,939 -145,965
80,977     80,977
277,458     277,458
    18,378 -18,378
    4,447 -4,447
3,028     3,028
21,449     21,449
0   0 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       -300
b       -200
c       -761
d       -10,719
e        
      149
      -777
      -8,237
      -516
      -1,969
      -26,741
       
      1
      -66,755
      -62,758
      150
      -322
      -1,841
       
      100
      -86,230
      -10,455
      -43,604
      -33,002
      -1,078
      48,774
      -2,737
      -9,316
      -1,334
      3,300
      0
      0
      -216,109
      -27,555
      -120,745
      -5,325
      -53,141
      -49,923
      97
      123,775
      -4,105
      -13,974
      -19,549
      -3,335
      8,250
      0
      0
      0
      -195,287
      -145,965
      80,977
      277,458
      -18,378
      -4,447
      3,028
      21,449
      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 -679,982
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 22,078
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 22,078
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 22,078
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 68,074
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 68,074
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.......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 45,996
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow45,996 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
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 arrowLA
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 arrowMICHAEL F SCHOTT Telephone no.right arrow (504) 523-1831

Located atright arrow201 ST CHARLES AVE SUITE 2600NEW ORLEANSLA ZIP+4right arrow70170
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowCJ
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
 
No
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
Yes
 
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
 
No
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
DAVID A KERSTEIN PRESIDENT
1.0 		0 0 0
201 St Charles Avenue Suite 2600
New Orleans,LA70170
MICHAEL F SCHOTT VICE PRESIDENT
1.0 		0 0 0
201 St Charles Avenue Suite 2600
New Orleans,LA70170
LINDA A REEG SECRETARY
1.0 		0 0 0
201 St Charles Avenue Suite 2600
New Orleans,LA70170
JANE C FIEGLER TREASURER
1.0 		0 0 0
201 St Charles Avenue Suite 2600
New Orleans,LA70170
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
KPMG LLP Accounting 47,870
909 Poydras Street Ste 2850
NEW ORLEANS,LA70001
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 NOT APPLICABLE  
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
75,067,357
b
Average of monthly cash balances.......................
1b
2,408,132
c
Fair market value of all other assets (see instructions)................
1c
1,484,731
d
Total (add lines 1a, b, and c).........................
1d
78,960,220
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
78,960,220
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,184,403
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
77,775,817
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,888,791
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
3,888,791
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
22,078
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,078
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,866,713
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
3,866,713
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
3,866,713
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
3,121,805
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
490,000
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,611,805
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 3,866,713
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,051,771
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,611,805
a Applied to 2022, but not more than line 2a 2,051,771
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 1,560,034
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 .......... 		2,306,679
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
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.
NONE
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:
David A Kerstein President
201 St Charles Ave Suite 2600
New Orleans,LA70170
(504) 523-1831
bThe form in which applications should be submitted and information and materials they should include:
Application should be in appropriate typed letter form. Include brochures or other pertinent information and establish the qualifications of the applicant to receive funds from a private foundation as provided for under the internal revenue code and applicable regulations.
cAny submission deadlines:
There are no submission deadlines.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
There are no restrictions or limitations on awards except that the organization must be qualified as provided for under the internal revenue code and applicable regulations.
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

Boy Scouts of America

4200 S I-10 Service Road W 117
Metairie,LA70001 		None PC In Memory Donation, Support Pillars of Scouting 7,500

Bridge House Corporation

4150 Earhart Blvd
New Orleans,LA70125 		None PC Scholarship Fund 25,000

American Heart Association

110 Veterans Memorial Blvd Suite 16
Metairie,LA70005 		None PC N/A 0

Bureau of Governmental Research

938 Lafayette Street Suite 200
New Orleans,LA70113 		None PC Support for Drainage and Street Infrastructure 25,000

Central Catholic High School

2100 Cedar Street Unit 1
Morgan City,LA70380 		None PC In memory of 2,000

Court Watch NOLA

PO Box 750633
New Orleans,LA70175 		None PC N/A 0

Crimestoppers Inc

PO Box 55249
Metairie,LA70055 		None PC Annual Awards 10,000

Hermann-Grima Gallier Historic Houses

PO Box 56836
New Orleans,LA70156 		None PC N/A 0

Junior Achievement of Greater New Orleans

5100 Orleans Avenue
New Orleans,LA70124 		None PC General Support 10,000

KID smART

1024 Elyisan Fields Avenue
New Orleans,LA70117 		NONE PC School Resources Budget for Art Supplies 26,500

Liberty's Kitchen Inc

422 1/2 South Broad
New Orleans,LA70119 		None PC Youth Development Program 10,000

Metropolitan Crime Commission Inc

1615 Poydras Street Suite 1060
New Orleans,LA70112 		None PC Annual Meeting and Awards 5,000

National Jewish Health

1400 Jackson Street M-120
Denver,CO80206 		None PC Morgridge Academy for Chronically Ill Children 10,000

New Orleans Police and Justice Foundation

400 Poydras Street 30th Floor
New Orleans,LA70130 		None PC Stake out for Justice 5,000

Preservation Resource Center

923 Tchoupitoulas Street
New Orleans,LA70130 		None PC General Operating Expense 52,500

Second Harvester of Greater NO & Acadiana

700 Edwards Avenue
New Orleans,LA70123 		None PC General Support 50,000

Share Our Strength

PO Box 715475
Philadelphia,PA19171 		None PC No Kid Hungry Campaign 10,000

The National World War II Museum

945 Magazine Street
New Orleans,LA70130 		None PC Building Fund 50,000

The Pelican Institute

643 Magazine Street
New Orleans,LA70130 		None PC N/A 0

Mary Bird Perkins Cancer Center

1203 South Tyler Stree
Covington,LA70433 		None PC Support Patient Transport Program 10,000

Tulane Cancer Center

1430 Tulane Avenue SL-68
New Orleans,LA70112 		None PC Gunning For A Cure 5,000

United Negro College Fund

Energy Center Bldg
1100 Poydras Street Suite 1400
New Orleans,LA70163 		None PC Sponsorship 10,000

United Way for the Greater New Orleans

2515 Canal Street
New Orleans,LA70119 		None PC Poverty Eradication Work 125,000

Urban League of Louisiana

4640 S Carrollton Avenue Suite 210
New Orleans,LA70119 		None PC Annual Event 10,000

Arts Council of New Orleans

935 Gravier Street Suite 850
New Orleans,LA70112 		None PC N/A 0

ARC Athens Inc

220 E 134th Street Suite 4B
Bronx,NY10451 		None PC Bill Faglay Fund for the Future 15,000

Contemporary Arts Center

900 Camp Street
New Orleans,LA70130 		None PC General Operating Expense, Art for All, Art of A/C 1,000

Dancing Grounds

3705 St Claude Avenue
New Orleans,LA70117 		None PC Educational programing 15,000

French Quarter Festivals Inc

400 North Peters Street Suite 205
New Orleans,LA70130 		None PC Musician Sponsorship Program 27,110

New Orleans Jazz & Heritage Festival Foundation

1205 North Rampart Street
New Orleans,LA70116 		None PC Digital Systems Lead Position, Hospitality Lounge, Curitorial Work 71,000

Louisiana Children's Museum

15 Henry Thomas Dr
New Orleans,LA70124 		None PC Operating Expenses, Free Saturdays in October, and Art of All 55,000

Louisiana Endowment for the Humantities

938 Lafayette Street Suite 300
New Orleans,LA70113 		None PC Passing it On: The Art of John T Scott 39,049

New Orleans Ballet Association

935 Gravier Street Suite 800
New Orleans,LA70112 		None PC General Operating Expenses and Ovation Program 35,000

New Orleans Botanical Gardens Foundation

1 Palm Drive City Park
New Orleans,LA70124 		None PC Enrique Alferez Wednesday Free Days 8,300

New Orleans Film Society

900 Camp Street
New Orleans,LA70130 		None PC Community Programming 21,000

New Orleans Museum of Art

City Park 1 Collins Diboll Circle
New Orleans,LA70179 		None PC General, Operating Expenses, Free Admission for Art & A/C, Free Admission for LA Residents 255,000

Storm King Center

1 Museum Road
New Windsor,NY12553 		None PC Support of 2022 Season 10,000

Tennessee WilliamsNew Orleans Literary

938 Lafayette Street Suite 514
New Orleans,LA70113 		None PC Literary Discussion and Performances Including Free Workshops 18,000

Rivers Institute for Contemporary & Thought

1100 Poydras Street Suite 1700
New Orleans,LA70163 		None PC Research and Development 65,000

The New Orleans Center for Creative Arts Institute

2800 Chartres Street
New Orleans,LA70117 		None PC Artists in Residence Program 35,000

The Ogden Museum of Southern Art

925 Camp Street
New Orleans,LA70130 		None PC Support of General Operating Expenses, Support of the Poydras Corridor Sculpture Exhibitions and Other Exhibitions, and LA Residents Free Admission Days 699,767

US Biennial Inc

Prospect New Orleans
2578 Broadway Suite 178
New York,NY10025 		None PC Support of General Operations 100,000

Friends of WWOZ Inc

PO Box 51840
New Orleans,LA70151 		None PC Jazz Festing in Place - WWOZ-FM 60,000

WWNO 899

University of New Orleans
2000 Lakeshore Drive
New Orleans,LA70148 		None PC Enhance Current Cultural Content and Reporting 50,000

Young AspirationsYoung Artist

PO Box 52617
New Orleans,LA70152 		None PC Artist in Residence Program 10,000

Young Audiences of Louisiana

3900 General Taylor Street Suite 2
New Orleans,LA70125 		None PC Baby Artsplay Program 18,500

Louisiana Appleseed

1615 Poydras Street Suite 1000
New Orleans,LA70112 		None PC General Support 10,000

Vail Jazz Foundation

PO Box 3035
Vail,CO81658 		None PC N/A 0

WLAE New Orleans

3900 Howard Avenue
New Orleans,LA70125 		None PC Support of George Rodrique Documentary 5,000

Newcomb Art Museum

6823 St Charles Avenue
New Orleans,LA70118 		None PC General Support field trips and youth programming 20,000

Committee for a Better New Orleans

4902 Canal Street Suite 300
New Orleans,LA70119 		None PC Support of General Operating Expenses 10,000

New Orleans Business Alliance

1250 Poydras Street Suite 2150
New Orleans,LA70112 		none PC N/A 0

New Orleans Hispanic Hertiage Foundation

PO Box 27237
New Orleans,LA70157 		none PC Sponsor Azucar Event 2,500

St Augustine High School

2600 AP Tureaud Avenue
New Orleans,LA70119 		none PC Scholarship Fund 20,250

Multiple Sclerosis Society

3500 N Causeway Blvd 402
Metairie,LA70002 		none PC In Memory of 5,000

The Children's Tumor Foundation

Mail Code 6895 PO Box 7247
Phildelphia,PA19170 		none   N/A 0

Tulane University

6823 St Charles Avenue
New Orleans,LA70112 		none PC N/A 0

Young Leadership Council

1840 Euterpe Street
New Orleans,LA70113 		none PC N/A 0

Arts New Orleans

PO Box 58379
New Orleans,LA70158 		none PC Support of Luna Fete Event 91,500

Friends of City Park

1 Palm Drive city Park
New Orleans,LA70124 		none PC Heart of the Park 10,000

Friends of Lafitte Greenway

2200 Lafitte Street
New Orleans,LA70119 		None PC N/A 0

Louisiana Museum Foundation

1000 Bourbon Street B429
New Orleans,LA70116 		none PC Support the Founders Event 5,000

Museum of Southern Jewish Experience

818 Howard Avenue
New Orleans,LA70113 		none PC N/A 0

New Orleans African American Museum

1417 - 1418 Governor Nicholls St
New Orleans,LA70116 		none PC Support Callas & Conversation Series 10,000

Ochsner Clinic Foundation

1514 Jefferson Highway BH 607
New Orleans,LA70121 		none PC Support the named Healing Arts Garden in memory of William G. Helis Jr. 50,000

The Ella Project

400 Esplande Avenue
New Orleans,LA70116 		none PC Pro Bono Legal Counsel for Artists 10,000

The Posse Foundation Inc

1515 Poydras Street Suite 610
New Orleans,LA70112 		none PC N/A 0

Louisiana First Foundation

1001 Capital Access Road
Baton Rouge,LA70802 		none PC Support of Annual Fundraiser 2,500

Greater New Orleans Foundation

919 St Charles Ave
New Orleans,LA70130 		none   Rehousing Flex Fund - Homelessness Initiative 10,000

Amistad Research Center

Tulane University - Tilton Hall
New Orleans,LA70118 		none   Support the restoration of Jacob Lawerence Toussaint L'Overtures Series 11,000

City Park Convervancy

1 Palm Drive City Park
New Orleans,LA70124 		none   Art for All - Free Wednesdays 50,000

Madison Square Park Conservacy

11 Madison Avenue - 15th Floor
New York,NY10010 		none PC Support 20th Anniversary Arts Program 10,000

New Orleans Ballet Theatre

1213 Marengo Street
New Orleans,LA70115 		none PC Support for students attendance of the Nutcracker 20,000

New Orleans Tourism and Cultural Fund

1100 Poydras Street Suite 2805
New Orleans,LA70163 		none PC Support Honors Gala 10,000
Total .................................right arrow 3a 2,429,976
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 ........... 		    14 506  
4 Dividends and interest from securities ....     14 1,633,905  
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 ..... 900099   18 424,537  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -679,982  
9 Net income or (loss) from special events:     18    
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,378,966  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,378,966
(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
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Form 990-PF (2023)
Additional Data


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Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
The Helis Foundation
EIN:
72-6020536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX & AUDIT FEES 47,870 21,000   26,870

TY 2023 ContractorCompensationExpln
Name:
The Helis Foundation
EIN:
72-6020536
Contractor Explanation
KPMG LLP AUDIT AND TAX FEES

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TY 2023 DepreciationSchedule
Name:
The Helis Foundation
EIN:
72-6020536
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

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TY 2023 ExpenditureResponsibilityStmt
Name:
The Helis Foundation
EIN:
72-6020536
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
Kemper and Leila Williams Foundation
  		533 Royal Street
New Orleans,LA70130 		2017-06-01   Organization's Capital Museum Expansion with Gallary Naming and "Art of the City" Exhibition 2018 75,000 NO 6/9/17, 5/23/18, 5/22/19, 5/26/21, 5/31/22, 6/8/2023 2023-06-08 Foundation is also known as The Historic New Orleans Collection. This grant is paid in 10 equal installments and used for the organization's capital museum expansion to the Brulatour Bldg at 520 Royal Street, New Orleans La. and to include the naming of the Helis Foundation Gallery to support "Art of the City" with recognized permanent signage in the foyer area. Total installment expended for the year was $75,000 with $50,000 of the payment allocated to the gallery naming and $25,000 to the "Art of the City" exhibition. The grantor has no reason to doubt the accuracy or reliability of the report from the grantee.

TY 2023 InvestmentsCorpStockSchedule
Name:
The Helis Foundation
EIN:
72-6020536
Name of Stock End of Year Book Value End of Year Fair Market Value
HANCOCK WHITNEY SECURITIES 492,381 413,890

TY 2023 InvestmentsOtherSchedule2
Name:
The Helis Foundation
EIN:
72-6020536
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JEWELRY   973,851 1,084,420
PARTNERSHIP INVESTMENTS   22,539,279 26,846,690
MUTUAL FUNDS   52,530,802 51,499,728
FINE ART   229,950 229,950

TY 2023 OtherAssetsSchedule
Name:
The Helis Foundation
EIN:
72-6020536
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST RECEIVABLE 135,292 40,819 40,819
SYNDICATION COSTS 4,023 3,182 3,182
ARTWORK/SCULPTURES ON EXHIBIT 4,681,140 4,681,140 4,681,140


TY 2023 OtherExpensesSchedule
Name:
The Helis Foundation
EIN:
72-6020536
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 7,955     7,955
ASSET INSURANCE 21,089 15,350   5,739
STORAGE FEE 8,525     8,525
EXHIBITION EXPENSE 0     0
POYDRAS CORRIDOR 14,343     14,343
MEMBERSHIP FEES 812     812
PERMITS 0     0


TY 2023 OtherIncomeSchedule2
Name:
The Helis Foundation
EIN:
72-6020536
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
HRJ PARTNERSHIP INVESTMENTS -313 -3,284  
PORTFOLIO ADVISORS INVESTMENTS 896,720 737,087  
ALPHAQUEST INVESTMENTS -695,412 -695,412  
HARBORWALK INVESTMENTS 109,449 184,982  
CRYSTAL CAPITAL INTERNATIONAL 148,605 148,605  
LOMBARD INTERNATIONAL -34,512 -34,512  


TY 2023 OtherLiabilitiesSchedule
Name:
The Helis Foundation
EIN:
72-6020536
Description Beginning of Year - Book Value End of Year - Book Value
INSTALLMENT PROMISE - HNOC 375,000 300,000
INSTALLMENT PURCHASE - POWER T 450,000 200,000
INSTALLMENT PURCHSE - UNTITLED 960,000 720,000


TY 2023 OtherProfessionalFeesSchedule
Name:
The Helis Foundation
EIN:
72-6020536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 120,000 120,000   0
PUBLIC RELATIONS 333,587 0   333,587
APPRAISAL FEES 5,015 0   5,015
ADMINTRATIVE SUPPORT 420,000 210,000   210,000


TY 2023 TaxesSchedule
Name:
The Helis Foundation
EIN:
72-6020536
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 22,078      
FOREIGN TAXES 16,055 16,055    
FEDERAL INCOME TAX - 990T 0      
STATE INCOME TAX 0