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
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP
Number and street (or P.O. box number if mail is not delivered to street address)220 N MAIN STREET 600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DAVENPORT, IA52801
A Employer identification number

42-6126467
B Telephone number (see instructions)

(563) 324-3246
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$42,181,810J 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) 59,818
2 Check right arrow.............
3 Interest on savings and temporary cash investments 177,417 177,417  
4 Dividends and interest from securities... 1,026,870 1,023,314  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,285,697
b Gross sales price for all assets on line 6a 38,649,017
7 Capital gain net income (from Part IV, line 2)... 10,285,697
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
263,150 270,909 0
12 Total. Add lines 1 through 11........ 11,812,952 11,757,337 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,450 0 0 2,450
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
16,559 16,559 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
174,172 156,275 0 17,877
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 193,181 172,834 0 20,327
25 Contributions, gifts, grants paid....... 2,029,211 2,029,211
26 Total expenses and disbursements. Add lines 24 and 25 2,222,392 172,834 0 2,049,538
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,590,560
b Net investment income (if negative, enter -0-) 11,584,503
c Adjusted net income (if negative, enter -0-)... 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......... 1,897,633 727,406 727,406
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) 735,688 Click to see attachment
List of Attached Documents:
// Content
2,625,040 		2,671,126
b Investments—corporate stock (attach schedule)....... 22,936,865 Click to see attachment
List of Attached Documents:
// Content
27,896,183 		30,357,686
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
3,742,881 		3,869,917
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).......... 3,375,532 Click to see attachment
List of Attached Documents:
// Content
3,543,732 		4,555,675
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,945,718 38,535,242 42,181,810
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 0  
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........ 28,945,718 38,535,242
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 28,945,718 38,535,242
30 Total liabilities and net assets/fund balances (see instructions). 28,945,718 38,535,242
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
28,945,718
2
Enter amount from Part I, line 27a .....................
2
9,590,560
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
38,536,278
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,036
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
38,535,242
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 ENERGY SELECT SECTOR SPDR FUND ETF P 2022-09-29 2023-04-13
b ENERGY SELECT SECTOR SPDR FUND ETF P 2022-07-07 2023-04-13
c ISHARES MSCI EAFE ETF P 2023-02-06 2023-04-13
d ISHARES S&P 500 GROWTH ETF P 2022-08-17 2023-05-17
e ISHARES CORE S&P 500 ETF CMN P 2022-08-17 2023-06-13
ISHARES S&P 500 GROWTH ETF P 2022-08-17 2023-06-13
ISHARES CORE MSCI EAFE ETF P 2022-08-17 2023-07-13
ISHARES CORE S&P 500 ETF CMN P 2022-08-17 2023-07-13
ISHARES CORE S&P 500 ETF CMN P 2022-08-01 2023-07-13
ISHARES CORE MSCI EAFE ETF P 2022-08-17 2023-08-14
ISHARES CORE S&P 500 ETF CMN P 2022-09-29 2023-08-14
SPDR S&P 500 ETF TRUST P 2023-02-06 2023-08-14
ALPHABET INC CMN CLASS C P 2013-09-24 2023-03-10
ALPHABET INC CMN CLASS C P 2012-07-17 2023-03-10
AMAZON.COM INC CMN P 2015-10-06 2023-03-10
AMAZON.COM INC CMN P 2015-11-25 2023-03-10
BERKSHIRE HATHAWAY INC CLASS B P 2016-06-24 2023-03-10
CELANESE CORPORATION COMMON STOCK P 2012-01-11 2023-03-10
CHEVRON CORPORATION CMN P 2015-11-25 2023-03-10
CISCO SYSTEMS INC CMN P 2011-07-28 2023-03-10
CUMMINS INC COMMON STOCK P 2015-11-25 2023-03-10
CUMMINS INC COMMON STOCK P 2015-08-07 2023-03-10
CUMMINS INC COMMON STOCK P 2015-10-20 2023-03-10
DIAGEO PLC SPON ADR (NEW) SPONSORED ADR CMN P 2016-06-24 2023-03-10
DIAGEO PLC SPON ADR (NEW) SPONSORED ADR CMN P 2014-12-29 2023-03-10
EATON CORP PLC CMN P 2014-12-29 2023-03-10
ISHARES EMERGING MARKETS EQUIT ETF P 2021-05-10 2023-03-10
GOLDMAN SACHS GROUP INC CMN P 2011-10-11 2023-03-10
ISHARES EMERGING MARKETS EQUIT ETF P 2019-03-26 2023-03-10
PALO ALTO NETWORKS INC CMN P 2016-12-20 2023-03-10
UNITED PARCEL SERVICE INC CLASS B COMMON STOCK P 2012-01-11 2023-03-10
ALPHABET INC CMN CLASS A P 2012-07-17 2023-04-13
ALPHABET INC CMN CLASS A P 2013-09-24 2023-04-13
AMAZON.COM INC CMN P 2015-10-06 2023-04-13
BLACKROCK, INC CMN P 2014-12-29 2023-04-13
ISHARES CORE MSCI EAFE ETF P 2018-01-26 2023-04-13
THE HOME DEPOT INC CMN P 2016-06-24 2023-04-13
VANGUARD REIT INDEX FUND CMN P 2012-01-11 2023-04-13
ALPHABET INC CMN CLASS A P 2012-07-17 2023-05-17
AMAZON.COM INC CMN P 2015-10-06 2023-05-17
BLACKROCK, INC CMN P 2014-12-29 2023-05-17
BLACKROCK, INC CMN P 2015-11-25 2023-05-17
ISHARES CORE MSCI EAFE ETF P 2017-12-28 2023-05-17
ISHARES CORE MSCI EAFE ETF P 2018-01-26 2023-05-17
PALO ALTO NETWORKS INC CMN P 2016-12-20 2023-05-17
THE HOME DEPOT INC CMN P 2016-06-24 2023-05-17
ISHARES CORE MSCI EAFE ETF P 2019-07-29 2023-06-13
ISHARES CORE MSCI EAFE ETF P 2017-12-28 2023-06-13
ISHARES CORE S&P 500 ETF CMN P 2021-10-04 2023-06-13
ISHARES RUSSELL MID-CAP ETF P 2021-01-19 2023-06-13
ISHARES RUSSELL MID-CAP ETF P 2022-04-29 2023-06-13
ISHARES CORE MSCI EAFE ETF P 2019-07-29 2023-07-13
ISHARES CORE S&P 500 ETF CMN P 2021-04-08 2023-07-13
ISHARES CORE S&P 500 ETF CMN P 2021-02-12 2023-07-13
ISHARES CORE S&P 500 ETF CMN P 2020-05-19 2023-07-13
ISHARES CORE S&P 500 ETF CMN P 2020-07-06 2023-07-13
ISHARES CORE S&P 500 ETF CMN P 2020-09-30 2023-07-13
ISHARES CORE S&P 500 ETF CMN P 2021-05-11 2023-07-13
ISHARES CORE MSCI EAFE ETF P 2022-08-01 2023-08-14
ISHARES CORE MSCI EAFE ETF P 2020-05-19 2023-08-14
ISHARES CORE S&P 500 ETF CMN P 2020-05-19 2023-08-14
APPLE INC CMN P 2008-11-05 2023-03-10
BERKSHIRE HATHAWAY INC CLASS B P 2010-12-31 2023-03-10
BERKSHIRE HATHAWAY INC CLASS B P 2010-11-04 2023-03-10
CHEVRON CORPORATION CMN P 2003-06-16 2023-03-10
COMCAST CORPORATION CMN CLASS A VOTING P 2008-11-05 2023-03-10
CVS HEALTH CORP CMN P 2004-01-06 2023-03-10
DANAHER CORPORATION CMN P 2005-04-18 2023-03-10
DIAGEO PLC SPON ADR (NEW) SPONSORED ADR CMN P 2008-11-05 2023-03-10
JPMORGAN CHASE & CO CMN P 2010-10-06 2023-03-10
JPMORGAN CHASE & CO CMN P 2010-11-04 2023-03-10
MICROSOFT CORPORATION CMN P 1999-12-03 2023-03-10
THERMO FISHER SCIENTIFIC INC CMN P 2010-11-04 2023-03-10
US BANCORP CMN P 2006-01-13 2023-03-10
US BANCORP CMN P 2005-01-11 2023-03-10
UNION PACIFIC CORP CMN P 2010-10-11 2023-03-10
UNION PACIFIC CORP CMN P 2010-11-04 2023-03-10
UNITEDHEALTH GROUP INCORPORATE CMN P 2010-11-04 2023-03-10
VISA INC CMN CLASS A P 2008-11-05 2023-03-10
APPLE INC CMN P 2008-11-05 2023-04-13
BOEING COMPANY CMN P 2008-11-05 2023-04-13
MICROSOFT CORPORATION CMN P 2019-12-03 2023-04-13
MICROSOFT CORPORATION CMN P 2006-02-23 2023-04-13
THERMO FISHER SCIENTIFIC INC CMN P 2010-11-04 2023-04-13
UNITEDHEALTH GROUP INCORPORATE CMN P 2010-11-04 2023-04-13
APPLE INC CMN P 2008-11-05 2023-05-17
BOEING COMPANY CMN P 2008-11-05 2023-05-17
MICROSOFT CORPORATION CMN P 2006-02-23 2023-05-17
THERMO FISHER SCIENTIFIC INC CMN P 2010-11-04 2023-05-17
UNION PACIFIC CORP CMN P 2010-10-11 2023-05-17
VISA INC CMN CLASS A P 2008-11-05 2023-05-17
WALT DISNEY COMPANY CMN P 2008-11-05 2023-05-17
WISE PLC CMN P 2019-01-01 2023-05-17
US TREASURY BILL DUE 06/06/2023 OFF THE RUN P 2023-03-17 2023-04-26
US TREASURY BILL DUE 03/30/2023 OFF THE RUN P 2022-09-29 2023-03-17
FIDELITY LARGE CAP VALUE INDEX FUND P 2023-06-23 2023-12-14
FIDELITY LARGE CAP VALUE INDEX FUND P 2023-05-18 2023-12-14
FIDELITY LARGE CAP VALUE INDEX FUND P 2023-07-14 2023-12-14
FIDELITY LARGE CAP VALUE INDEX FUND P 2023-04-14 2023-12-14
FIDELITY LARGE CAP VALUE INDEX FUND P 2023-06-14 2023-12-14
FIDELITY LARGE CAP VALUE INDEX FUND P 2023-08-14 2023-12-14
FIDELITY LARGE CAP VALUE INDEX FUND P 2023-03-10 2023-12-14
AMPLITUDE INC P 2017-06-16 2023-05-26
AMPLITUDE INC P 2017-06-16 2023-06-07
AMPLITUDE INC P 2017-06-16 2023-11-06
ARTISAN INTERNATIONAL FD INS #662 P 2012-01-11 2023-02-07
AS ULTR SHORT-TRMINCOME-I#3104 P 2022-01-01 2023-02-07
COHO REL VALUE EQUITY-ADV #244 P 2021-07-08 2023-02-07
COHO REL VALUE EQUITY-ADV #244 P 2022-07-08 2023-02-07
COINBASE GLOBAL INC P 2017-07-28 2023-06-23
COMPASS INC P 2016-08-30 2023-06-07
COMPASS INC P 2015-09-11 2023-06-23
HARDING LOEVNER INTL EQTY PORT INSTL P 2019-01-01 2023-02-07
HIMS & HERS HEALTH INC P 2018-06-18 2023-03-22
MADISON MID CAP FUND-R6 #723 P 2019-01-01 2023-02-07
PRINCIPAL PREFERRED SEC-R6 #8200 P 2020-05-19 2023-02-07
T ROWE PRICE INST FLOAT RATE #170 P 2022-01-19 2023-02-07
VANGUARD TOTL BD MKT INDX - ADM #584 P 2019-07-29 2023-02-08
VIRTUS KAR SMALL-CAP CORE-R6 #2442 P 2021-08-19 2023-02-07
VIRTUS KAR SMALL-CAP CORE-R6 #2442 P 2022-08-19 2023-02-07
(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 282,426   232,814 49,612
b 669,132   548,157 120,975
c 633,588   611,516 22,072
d 304,680   332,929 -28,249
e 922,942   905,250 17,692
677,059   694,193 -17,134
65,404   58,656 6,748
198,283   188,772 9,511
405,579   370,859 34,720
137,211   127,552 9,659
134,126   109,537 24,589
3,596,865   3,311,924 284,941
100,930   24,178 76,752
222,267   34,454 187,813
69,091   20,461 48,630
184,244   67,375 116,869
15,179   7,027 8,152
274,782   113,966 160,816
161,239   91,231 70,008
379,187   126,438 252,749
117,807   47,517 70,290
126,487   64,927 61,560
127,727   56,459 71,268
68,268   41,584 26,684
128,002   86,963 41,039
276,594   90,784 185,810
207,857   61,689 146,168
402,219   533,613 -131,394
804,438   851,426 -46,988
276,504   63,752 212,752
208,529   85,200 123,329
31,991   4,321 27,670
117,300   24,468 92,832
140,647   38,194 102,453
133,109   72,534 60,575
70,400   72,894 -2,494
143,934   63,511 80,423
410,947   242,271 168,676
251,179   30,244 220,935
154,992   36,829 118,163
64,019   36,267 27,752
96,029   54,143 41,886
53,855   52,193 1,662
625,125   648,965 -23,840
288,418   63,752 224,666
141,009   63,510 77,499
35,271   31,956 3,315
665,407   648,117 17,290
240,577   236,332 4,245
322,045   351,744 -29,699
640,512   649,282 -8,770
635,350   564,148 71,202
157,725   143,490 14,235
225,322   196,460 28,862
306,437   202,010 104,427
337,982   238,599 99,383
405,579   302,940 102,639
766,093   701,959 64,134
133,539   123,939 9,600
634,310   510,159 124,151
366,611   243,600 123,011
522,583   13,592 508,991
136,611   36,338 100,273
379,475   102,651 276,824
161,239   37,530 123,709
88,234   21,909 66,325
96,705   22,527 74,178
313,971   24,173 289,798
145,069   53,497 91,572
178,180   53,694 124,486
192,753   55,639 137,114
281,824   54,492 227,332
273,580   26,368 247,212
43,272   32,162 11,110
103,028   76,150 26,878
189,809   40,586 149,223
9,990   2,298 7,692
278,176   21,977 256,199
299,521   19,979 279,542
195,996   4,660 191,336
63,743   15,279 48,464
27,335   4,602 22,733
116,533   10,805 105,728
175,725   15,821 159,904
314,891   21,977 292,914
394,792   8,932 385,860
162,295   40,743 121,552
195,167   16,675 178,492
104,465   10,546 93,919
197,008   42,721 154,287
319,960   19,978 299,982
136,440   38,382 98,058
23,128   5,231 17,897
65,651   65,373 278
749,227   735,688 13,539
2,749   2,540 209
67,784   62,000 5,784
77,273   74,000 3,273
88,229   82,000 6,229
113,081   106,000 7,081
118,289   114,440 3,849
241,250   214,000 27,250
9,149   3,771 5,378
2,727   1,049 1,678
8,543   3,143 5,400
331,707   262,409 69,298
1,035,504   1,051,941 -16,437
693,796   473,945 219,851
1,612,742   1,611,549 1,193
14,457   2,071 12,386
8,401   10,733 -2,332
16,196   20,960 -4,764
647,533   600,000 47,533
13,098   6,225 6,873
1,561,808   1,018,188 543,620
319,092   335,793 -16,701
350,927   366,282 -15,355
1,668,769   1,882,759 -213,990
1,642,379   1,394,072 248,307
292,798   300,441 -7,643
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       49,612
b       120,975
c       22,072
d       -28,249
e       17,692
      -17,134
      6,748
      9,511
      34,720
      9,659
      24,589
      284,941
      76,752
      187,813
      48,630
      116,869
      8,152
      160,816
      70,008
      252,749
      70,290
      61,560
      71,268
      26,684
      41,039
      185,810
      146,168
      -131,394
      -46,988
      212,752
      123,329
      27,670
      92,832
      102,453
      60,575
      -2,494
      80,423
      168,676
      220,935
      118,163
      27,752
      41,886
      1,662
      -23,840
      224,666
      77,499
      3,315
      17,290
      4,245
      -29,699
      -8,770
      71,202
      14,235
      28,862
      104,427
      99,383
      102,639
      64,134
      9,600
      124,151
      123,011
      508,991
      100,273
      276,824
      123,709
      66,325
      74,178
      289,798
      91,572
      124,486
      137,114
      227,332
      247,212
      11,110
      26,878
      149,223
      7,692
      256,199
      279,542
      191,336
      48,464
      22,733
      105,728
      159,904
      292,914
      385,860
      121,552
      178,492
      93,919
      154,287
      299,982
      98,058
      17,897
      278
      13,539
      209
      5,784
      3,273
      6,229
      7,081
      3,849
      27,250
      5,378
      1,678
      5,400
      69,298
      -16,437
      219,851
      1,193
      12,386
      -2,332
      -4,764
      47,533
      6,873
      543,620
      -16,701
      -15,355
      -213,990
      248,307
      -7,643
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 10,285,697
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 3 596,178
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) 1 161,025
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........................... 3 161,025
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- ..... 5 161,025
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,913
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 175,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 176,913
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 835
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 15,053
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow15,053 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 arrowIA
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 arrowWWW.HUBBELLWATERMAN.ORG
14
The books are in care ofright arrowLANE WATERMAN LLP Telephone no.right arrow (563) 324-3246

Located atright arrow220 N MAIN STREET STE 600DAVENPORTIA ZIP+4right arrow52801
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
Yes
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
C DANA WATERMAN III TRUSTEE/SECRETARY
5.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
ROBERT VP WATERMAN JR TRUSTEE/BOARD CHAIR
2.50 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
DAVID W LUNDY JR TRUSTEE/BOARD VICE CHAIR
2.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
CHRISTOPHER M BERGLUND TRUSTEE/TREASURER
2.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
SARI W BLAUM TRUSTEE/GRANTS COMMITTEE CHAIR
2.50 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
MEGHAN W BAKER TRUSTEE
1.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
LYNN W BLUM TRUSTEE
1.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
LESLIE W BRYAN TRUSTEE
1.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
MELISSA B JACK TRUSTEE
1.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
PETER LL LUNDY TRUSTEE
1.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
COURTNEY B STIEFEL TRUSTEE
1.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
JENNIFER W WATERMAN TRUSTEE
1.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
LARNED A WATERMAN JR TRUSTEE
1.00 		0 0 0
C/O LANE WATERMAN LLP 220 N MAIN
STREET STE 600
DAVENPORT,IA52801
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
QUAD CITIES COMMUNITY FOUNDATION ADMINISTRATION 61,233
852 MIDDLE RD STE 100
BETTENDORF,IA52722
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
32,483,778
b
Average of monthly cash balances.......................
1b
2,240,263
c
Fair market value of all other assets (see instructions)................
1c
4,555,675
d
Total (add lines 1a, b, and c).........................
1d
39,279,716
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
39,279,716
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
589,196
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
38,690,520
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,934,526
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,934,526
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
161,025
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
161,025
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,773,501
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,773,501
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,773,501
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
2,049,538
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
2,049,538
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,773,501
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 115,849
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,049,538
a Applied to 2022, but not more than line 2a 115,849
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..... 1,773,501
e Remaining amount distributed out of corpus 160,188
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 5 160,188
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		160,188
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.... 160,188
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

CHRIST UNITED METHODIST CHURCH

3801 7TH ST
EAST MOLINE,IL61244 		NONE PC GENERAL OPERATING 2,500

COMMUNITY HOME PARTNERS

227 21ST ST
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 5,000

LEAD(H)ER

PO BOX 4182
DAVENPORT,IA52808 		NONE PC GENERAL OPERATING 5,000

THE LITERACY CONNECTION

270 NORTH GROVE AVE
ELGIN,IL60120 		NONE PC GENERAL OPERATING 5,000

SAFE FAMILIES FOR CHILDREN

1826 16TH ST
MOLINE,IL61265 		NONE PC GENERAL OPERATING 5,000

CAFE ON VINE

PO BOX 3375
DAVENPORT,IA52808 		NONE PC GENERAL OPERATING 6,000

UNITY HOUSE OF DAVENPORT INC

2341 E PLEASANT ST
DAVENPORT,IA52803 		NONE PC GENERAL OPERATING 6,376

GROW QUAD CITIES FUND IOWA

331 W 3RD STREET
DAVENPORT,IA528011231 		NONE PC GENERAL OPERATING 10,000

OPERA QUAD CITIES

2427 32ND AVE CT
MOLINE,IL61265 		NONE PC GENERAL OPERATING 10,000

CHILDREN'S THERAPY CENTER OF THE QUAD CITIES

4450 48TH AVE CT
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 10,000

PLAYCRAFTERS BARN THEATRE

4950 35TH AVE
MOLINE,IL61265 		NONE PC GENERAL OPERATING 12,000

FRIENDS OF IOWA CASA AND ICFCRB

LUCAS BUILDING 321 E 12TH ST 4TH
FLOOR
DES MOINES,IA50319 		NONE PC GENERAL OPERATING 12,000

ARGROW'S HOUSE

3811 HARRISON ST SUITE 100
DAVENPORT,IA52806 		NONE PC GENERAL OPERATING 12,500

NARRATIVES QC INC NFP

1762 44TH STREET
ROCK ISLAND,IL612013916 		NONE PC GENERAL OPERATING 12,500

TAPESTRY FARMS

3009 GRAND AVE
DAVENPORT,IA528031319 		NONE PC GENERAL OPERATING 15,000

FRIENDLY HOUSE

1221 N MYRTLE ST
DAVENPORT,IA52804 		NONE PC GENERAL OPERATING 17,810

TRANSITIONS MENTAL HEALTH SERVICES

PO BOX 4238
ROCK ISLAND,IL61204 		NONE PC GENERAL OPERATING 18,525

BOYS AND GIRLS CLUBS OF THE MISSISSIPPI VALLEY

338 6TH ST
MOLINE,IL612651160 		NONE PC GENERAL OPERATING 20,000

FRIENDS OF EAST MOLINE PUBLIC LIBRARY

740 16TH AVE
EAST MOLINE,IL612442122 		NONE PC GENERAL OPERATING 20,000

NAHANT MARSH EDUCATION CENTER

4220 WAPELLO AVE
DAVENPORT,IA52802 		NONE PC GENERAL OPERATING 20,000

BALLET QUAD CITIES

617 17TH ST
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 20,000

EVERYCHILD

524 15TH ST
MOLINE,IL61265 		NONE PC GENERAL OPERATING 20,000

QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION

327 BRADY ST
DAVENPORT,IA528011508 		NONE PC GENERAL OPERATING 25,000

FAMILY MUSEUM OF ARTS AND SCIENCES

2900 LEARNING CAMPUS DR
BETTENDORFI,IA52722 		NONE PC GENERAL OPERATING 25,000

QUAD CITY BOTANICAL CENTER

2525 4TH AVE
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 25,000

STEAM ON WHEELS

2106 4TH AVE
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 25,000

ONE EIGHTY ZONE INC

601 MARQUETTE ST
DAVENPORT,IA52802 		NONE PC GENERAL OPERATING 25,000

SPRING FORWARD LEARNING CENTER

2101 6TH AVE
ROCK ISLAND,IL61201 		NONE PC GENERAL OPERATING 30,000

Q2030

2550 MIDDLE ROAD SUITE 300
BETTENDORF,IA52722 		NONE PC GENERAL OPERATING 40,000

NIABI ZOO & FOREST PRESERVES FOUNDATION

13010 NIABI ZOO RD
COAL VALLEY,IL61240 		NONE PC GENERAL OPERATING 42,000

WORLD RELIEF QUAD CITIES

852 16TH ST
MOLINE,IL61265 		NONE PC GENERAL OPERATING 50,000

EMPOWERING ABILITIES

3402 HICKORY GROVE RD
DAVENPORT,IA52806 		NONE PC GENERAL OPERATING 50,000

RIVER BEND FOOD RESERVOIR

4010 KIMMEL DR
DAVENPORT,IA528022404 		NONE PC GENERAL OPERATING 52,500

QUAD CITIES OPEN NETWORK

1 MONTGOMERY DR STE 22
MOLINE,IL612651286 		NONE PC GENERAL OPERATING 55,000

YWCA OF THE QUAD CITIES

229 16TH ST
ROCK ISLAND,IL612018607 		NONE PC GENERAL OPERATING 65,000

VERA FRENCH COMMUNITY MENTAL HEALTH CENTER

1441 W CENTRAL PARK AVE
DAVENPORT,IA52804 		NONE PC GENERAL OPERATING 75,000

TWO RIVERS YMCA INC

2040 53RD ST
MOLINE,IL612653650 		NONE PC GENERAL OPERATING 75,000

YMCA OF THE IOWA MISSISSIPPI VALLEY

630 E 4TH ST
DAVENPORT,IA52801 		NONE PC GENERAL OPERATING 120,000

PUTNAM MUSEUM AND SCIENCES CENTER

1717 W 12TH ST
DAVENPORT,IA52804 		NONE PC GENERAL OPERATING 140,000

QUAD CITIES GOLF CLASSIC CHARITABLE

15623 COALTOWN RD
EAST MOLINE,IL612442122 		NONE PC GENERAL OPERATING 844,500
Total .................................right arrow 3a 2,029,211
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 ........... 		    14 177,417  
4 Dividends and interest from securities ....     14 1,026,870  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 10,285,697  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME 		900099 -7,759 01 270,909  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -7,759 11,760,893 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
11,753,134
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP
Employer identification number

42-6126467
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP 		Employer identification number
42-6126467
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
WATERMAN MARY H - CLUT 2
 
6325 S RAINBOW BLVD STE 300
 
LAS VEGAS, NV89118

$ 59,818


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP 		Employer identification number

42-6126467
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
HUBBELL-WATERMAN FNDN
C/O LANE & WATERMAN LLP 		Employer identification number

42-6126467
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 InvestmentsCorpBondsSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Name of Bond End of Year Book Value End of Year Fair Market Value
PNC FINANCIAL SERVICES GROUP, 3.5% 01/23/2024 38,424 39,543
BOSTON SCIENTIFIC CORP 3.45% 03/01/2024 25,671 26,190
HUNTINGTON BANCSHARES INCORPOR 4.0% 05/15/2025 29,408 30,571
PHILIP MORRIS INTERNATIONAL IN 3.375% 08/11/2025 24,128 24,722
SIMON PROPERTY GROUP LP 3.5% 09/01/2025 20,296 20,762
WALT DISNEY COMPANY/THE 3.7% 10/15/2025 58,813 59,403
DOWDUPONT INC 4.493% 11/15/2025 48,032 47,932
US BANCORP MTN 3.95% 11/17/2025 33,841 34,591
TRANS-CANADA PIPELINES 4.875% 01/15/2026 21,890 22,441
PHILIP MORRIS INTERNATIONAL IN 4.875% 02/13/2026 54,287 56,239
CIGNA CORPORATION 4.5% 02/25/2026 8,863 9,081
PHILIP MORRIS INTERNATIONAL IN 2.75% 02/25/2026 19,992 20,331
MAGELLAN MIDSTREAM PARTN 5.0% 03/01/2026 39,734 40,582
B.A.T. INTERNATIONAL FINANCE P 1.668% 03/25/2026 18,957 19,608
TOTAL SYSTEM SERVICES IN 4.8% 04/01/2026 24,429 25,089
BANK OF AMERICA CORPORATION HYBRID MTN 04/02/2026 USD SR LIEN CPN 03/22/22 3 42,471 43,169
OMNICOM GROUP INC 3.6% 04/15/2026 39,622 40,268
TOYOTA MOTOR CREDIT CORP 4.45% 05/18/2026 40,441 41,168
JOHN DEERE CAPITAL CORPORATION MTN 4.75% 06/08/2026 86,818 87,877
CROWN CASTLE INTERNATIONAL COR 3.7% 06/15/2026 51,828 52,222
EMERA US FINANCE LP 3.55% 06/15/2026 30,507 30,895
FISERV INC 3.2% 07/01/2026 41,784 43,074
AMERICAN HONDA FINANCE MTN 5.25% 07/07/2026 33,271 34,434
AIR LEASE CORP 1.875% 08/15/2026 52,839 55,637
MCKESSON CORPORATION 1.3% 08/15/2026 38,388 39,653
TORONTO-DOMINION BANK (THE) MTN 1.24% 09/10/2026 57,600 59,662
AMERIPRISE FINANCIAL INC 2.875% 09/15/2026 43,718 45,389
BANK OF NOVA SCOTIA (THE) 1.3% 09/15/2026 57,673 59,470
TEXAS INSTRUMENTS INC 1.125% 09/15/2026 82,045 83,908
3M COMPANY MTN 2.25% 09/19/2026 46,628 48,038
SHIRE ACQUISITIONS INVESTMENTS 3.2% 09/23/2026 53,086 55,343
DELL INT LLC/EMC CORP 4..9% 10/01/2026 28,733 29,411
BANK OF AMERICA CORPORATION HYBRID MTN 10/24/2026 USD SR LIEN CPN 10/21/20 1 15,313 15,825
MASTERCARD INCORPORATED 2.95% 11/21/2026 35,229 35,824
ARCH CAPITAL FINANCE LLC 4.011% 12/15/2026 14,565 14,579
BANK OF MONTREAL HYBRID MTN 01/22/2027 42,913 44,469
CITIGROUP INC HYBRID 01/28/2027 USD SR LIEN CPN 01/28/21 1.122% 19,683 20,326
JPMORGAN CHASE & CO HYBRID 01/29/2027 USD SR LIEN CPN 01/29/19 3.96% 42,505 43,732
DISCOVER FINANCIAL SVS 4.1% 02/09/2027 16,467 17,571
TRUIST FINANCIAL CORPORATION HYBRID MTN 03/02/2027 33,839 34,961
JOHN DEERE CAPITAL CORPORATION MTN 2.35% 03/08/2027 37,293 38,857
SABINE PASS LIQUEFACTION LLC 5.0% 03/15/2027 30,927 31,603
JPMORGAN CHASE & CO HYBRID 04/22/2027 USD SR LIEN CPN 04/22/21 1.578% 26,102 26,859
MORGAN STANLEY MTN 3.95% 04/23/2027 30,796 31,320
BANK OF NEW YORK MELLON CORPOR HYBRID 04/26/2027 USD SR LIEN CPN 04/26/23 4. 115,661 119,120
MORGAN STANLEY HYBRID 05/04/2027 USD SR LIEN CPN 04/22/21 1.593% 11,576 12,017
TORONTO-DOMINION BANK (THE) MTN 4.108% 06/08/2027 39,381 40,355
CITIGROUP INC HYBRID 06/09/2027 USD SR LIEN CPN 06/09/21 1.462% 38,890 40,321
WELLS FARGO & COMPANY HYBRID MTN 06/17/2027 USD SR LIEN CPN 06/17/19 3.196% 42,394 43,073
ENBRIDGE INC 3.7% 07/15/2027 14,342 14,742
MORGAN STANLEY HYBRID MTN 07/20/2027 USD SR LIEN CPN 07/20/21 1.512% 61,417 63,516
BANK OF AMERICA CORPORATION HYBRID 07/22/2027 USD SR LIEN CPN 04/22/21 1.734 21,344 22,181
B.A.T CAPITAL CORPORATION 3.557% 08/15/2027 30,590 31,955
MCCORMICK & CO 3.4% 08/15/2027 33,844 34,858
JPMORGAN CHASE & CO HYBRID 09/22/2027 USD SER FXD SR LIEN CPN 09/22/21 1.47% 34,512 35,499
3M COMPANY 2.875% 10/15/2027 18,671 18,958
SIMON PROPERTY GROUP LP 3.375% 12/01/27 38,299 39,226
CITIGROUP INC HYBRID 01/10/2028 USD SR LIEN CPN 01/10/17 3.887% 34,673 36,495
BANK OF AMERICA CORP HYBRID MTN 01/20/2028 USD SR LIEN CPN 01/20/17 44,894 46,968
US BANCORP HYBRID MTN 01/27/2028 USD SR LIEN CPN 01/27/22 2.215% 21,304 22,297
SIMON PROPERTY GROUP INC 1.75% 02/01/2028 31,500 33,558
INTEL CORPORATION 4.875% 02/10/2028 30,133 31,091
AMGEN INC 5.15% 03/02/2028 20,159 20,801
MITSUBISHI UFJ FINANCIAL GROUP 3.961% 11,632 11,854
FLORIDA POWER & LIGHT CO 4.4% 05/15/2028 35,667 36,290
INTERCONTINENTALEXCHANGE 3.75% 09/21/2028 64,805 66,665
BAXTER INTERNATIONAL INC 2.272% 12/01/2028 43,007 45,735
NXP BV.NXP FUNDING LLC 5.55% 12/01/2028 34,272 35,188
HONEYWELL INTERNATIONAL INC 4.25% 01/15/2029 54,046 56,601
FOX CORPORATION 4.709% 01/25/2029 34,308 35,540
US BANCORP HYBRID 02/01/2029 USD SR LIEN CPN 02/01/23 4.653% 16,596 17,077
PNC FINANCIAL SERVICES HYBRID 06/12/2029 USD SR LIEN CPN 06/12/23 5.582% 21,953 22,526
VIRGINIA ELEC & POWER CO 2.875% 07/15/2029 27,758 28,921
US BANCORP MTN 3.0% 07/30/2029 6,239 6,420
GENERAL MOTORS COMPANY 5.4%10/15/2029 44,111 46,352
DUKE ENERGY FLORIDA LLC 2.5% 12/01/2029 22,624 23,264
BANK OF NOVA SCOTIA 4.85% 02/01/2023 25,357 26,506
DUKE ENERGY CAROLINAS 2.45% 02/01/2030 27,696 28,762
INTEL CORPORATION 5.125% 02/10/2030 8,123 8,467
AMGEN INC 5.25% 03/02/2030 38,732 39,773
REALTY INCOME CORPORATION 4.85% 03/15/2030 32,586 33,655
INTEL CORPORATION 3.9% 03/25/2030 26,507 27,484
GENERAL MOTOTS FINL CO 5.85% 04/06/2030 34,735 37,677
TRANSCANADA PIPELINES 4.1% 04/15/2030 50,371 51,892
CLOROX COMPANY (THE) 1.8% 05/15/2030 38,495 39,370
AUTONATION INC 4.75% 06/01/2030 38,451 39,778
MAGELLAN MIDSTREAM PARTNERS L 3.25% 06/01/2030 19,605 20,003
XCEL ENERGY INC 3.4% 06/01/2030 37,492 39,978
SERVICENOW INC 1.4% 09/01/2030 34,509 36,449
BROADCOM INC 4.15% 11/15/2030 31,465 32,703
MARSH & MCLENNAN COS INC 2.25% 11/15/2030 13,382 13,840
ALEXANDRIA REAL ESTATE E 4.9% 12/15/2030 14,705 15,076
BAXTER INTERNATIONAL INC 1.73% 04/01/2031 33,027 35,218
TELEDYNE TECHNOLOGIES IN 2.75% 04/01/2031 11,826 12,297
AMERICAN ELECTRIC POWER COMAN 5.95% 11/01/2032 38,076 38,860
BANK OF MONTEAL HYBRID 12/15/2032 USD SUB LIEN CPN 12/12/17 3.803% 14,431 14,756
INTEL CORPORATION 5.2% 02/10/2033 34,442 36,249
AMGEN INC 5.25% 03/02/2033 30,108 32,365
ENBRIDGE INC 5.7% 03/08/2033 33,340 36,020
AMERIPRISE FINANCIAL INC 5.15% 05/15/2033 27,173 28,060
REALTY INCOME CORPORATION 4.9% 07/15/2033 22,007 23,810
STATE STREET CORPORATION HYBRID 05/18/2034 USD SR LEIN CPN 05/18/23 5.159% 25,759 26,403
ORACLE CORPORATION 4.3% 07/08/2034 19,901 21,054
WESTPAC BANKING CORP HYBRID 07/24/2034 USD SUB LIEN CPN 07/24/19 4.11% 52,557 54,116
DOW CHEMICAL CO/THE 4.25% 10/01/2034 76,852 83,392
KINDER MORGAN ENERGY PRTNRS LP 5.8% 03/15/2035 28,228 29,077
COMCAST CORPORATION 5.65% 06/15/2035 27,187 27,994
COMCAST CORPORATION 4.4% 08/15/2035 30,689 31,455
BERRY GLOBAL INC 1.57% 01/15/2026 24,616 25,285

TY 2023 InvestmentsCorpStockSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Name of Stock End of Year Book Value End of Year Fair Market Value
85749T202 STATE STREET EMERGING MARKETS EQUITY INDEX FUND K CLASS (SSKEX) 925,874 944,463
277907200 EATON VANCE INCOME FUND OF BOSTON I (EIBIX) 1,985,104 2,057,664
31420B300 FEDERATED HERMES HIGH YIELD BOND FUND (FIHBX) 1,977,814 2,067,162
066923194 ISHARES S&P 500 INDEX FUND CLASS G (BSPGX) 13,585,866 15,409,939
MULTI-MANAGER US SMALL CAP EQUITY FUND (MMSMX) 2,444,812 2,657,613
09253F861 ISHARES MSCI EAFE INT'L INDEX FUND CLASS G (BTMGX) 2,553,948 2,667,485
MULTI-MANAGER INT'L EQUITY FUND P (MMITX) 2,493,753 2,642,761
GS TACTICAL TILT OVERLAY FUND CLASS P (GSLPX) 1,929,012 1,910,599

TY 2023 InvestmentsGovtObligationsSch
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
US Government Securities - End of Year Book Value:

2,625,040
US Government Securities - End of Year Fair Market Value:

2,671,126
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:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HAYFIN DIRECT LENDING FUND LP FMV 771 1
RRG SUSTAINABLE WATE FMV 216,336 259,014
STRATEGIC VALUE SERIES E OFFSHORE FMV 221,581 321,945
FRANCISCO PARNTERS VI-B LP FMV 217,275 253,567
CRG PARTNERS III-PARALLEL FUND-A-LP FMV 168,750 143,628
ORBIMED ISRAEL PARTNERS II FMV 172,413 258,836
PORTFOLIO ADV SECONDARY FUND III (OFFSHORE) LP FMV 279,615 240,627
PARTNERS GROUP RE SE FMV 143,746 207,182
FRANCISCO PARTNERS V-B LP FMV 176,925 310,154
ARROWMARK GLOBAL OPPORTUNITY FUND II FMV 505,634 324,249
RESOURCE CAPITAL FUND VII LP FMV 158,384 196,710
CERBERUS GLOBAL NPL FEEDER FUND LP FMV 371,601 238,568
FRAZIER HEALTHCARE GROWTH BUYOUT FUND IX PV LP FMV 191,857 374,101
INSTITUTIONAL VENTURE PARTNERS XV LP FMV 501,202 1,184,184
PORTFOLIO ADVISORS SECONDARY FUND IV (OFFSHORE) LP FMV 217,642 242,909

TY 2023 LegalFeesSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES-PRINCIPAL 1,225 0 0 1,225
LEGAL FEES-INCOME 1,225 0 0 1,225


TY 2023 OtherDecreasesSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Description Amount
TAX BASIS TIMING ADJUSTMENT 1,036


TY 2023 OtherExpensesSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES-ADR FEES 364 364 0 0
OTHER ADMINISTRATIVE EXP 120,661 102,784 0 17,877
PARTNERSHIP EXPENSES 53,147 53,127 0 0


TY 2023 OtherIncomeSchedule2
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 263,150 270,909 263,150


TY 2023 TaxesSchedule
Name:
HUBBELL-WATERMAN FNDN
 
C/O LANE & WATERMAN LLP
EIN:
42-6126467
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES W/H ON QUAL DIV 11,475 11,475 0 0
FOREIGN TAXES W/H ON NON-QUAL DIV 5,084 5,084 0 0