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
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
THE ASLAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)5107 HOMBERG DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
KNOXVILLE, TN37919
A Employer identification number

62-1520208
B Telephone number (see instructions)

(865) 524-6360
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$111,734,411J 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) 252,888
2 Check right arrow.............
3 Interest on savings and temporary cash investments 57,402 51,051  
4 Dividends and interest from securities... 1,609,363 1,609,363  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,200,433
b Gross sales price for all assets on line 6a 3,410,863
7 Capital gain net income (from Part IV, line 2)... 2,200,433
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
50,197 47,695  
12 Total. Add lines 1 through 11........ 4,170,283 3,908,542  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 777,118 11,418   765,700
15 Pension plans, employee benefits....... 84,329 1,218   83,114
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
30,317     30,653
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
34,137 11,054   24,419
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
288,052 180,232   100,048
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
153,920 50,499   54,618
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
917,687    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 25,639     26,652
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,109,891 23,167   1,132,207
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,421,090 277,588   2,217,411
25 Contributions, gifts, grants paid....... 698,223 1,322,243
26 Total expenses and disbursements. Add lines 24 and 25 4,119,313 277,588   3,539,654
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 50,970
b Net investment income (if negative, enter -0-) 3,630,954
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 327,436 801,467 801,467
2 Savings and temporary cash investments......... 1,378,066 1,797,737 1,797,737
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................. 46,123    
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.......... 108,835 61,666 61,666
10a Investments—U.S. and state government obligations (attach schedule) 1,243,876 Click to see attachment
List of Attached Documents:
// Content
925,326 		925,326
b Investments—corporate stock (attach schedule)....... 68,800,902 Click to see attachment
List of Attached Documents:
// Content
52,778,835 		52,778,835
c Investments—corporate bonds (attach schedule)....... 16,501,223 Click to see attachment
List of Attached Documents:
// Content
13,908,243 		13,908,243
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).......... 872,761 Click to see attachment
List of Attached Documents:
// Content
600,263 		600,263
14 Land, buildings, and equipment: basis right arrow40,844,063
Less: accumulated depreciation (attach schedule) right arrow3,607,843 35,002,848 Click to see attachment
List of Attached Documents:
// Content
37,236,220 		40,844,063
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
21,162 		Click to see attachment
List of Attached Documents:
// Content
16,811 		Click to see attachment
List of Attached Documents:
// Content
16,811
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 124,303,232 108,126,568 111,734,411
Liabilities 17 Accounts payable and accrued expenses.......... 61,843 711,853
18 Grants payable................. 1,568,369 944,349
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
20,842 		Click to see attachment
List of Attached Documents:
// Content
4,800
23 Total liabilities (add lines 17 through 22)......... 1,651,054 1,661,002
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........... 122,652,178 106,465,566
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 122,652,178 106,465,566
30 Total liabilities and net assets/fund balances (see instructions). 124,303,232 108,126,568
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
122,652,178
2
Enter amount from Part I, line 27a .....................
2
50,970
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
122,703,148
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
16,237,582
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
106,465,566
Form 990-PF (2022)
Form 990-PF (2022)
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 OVATION ALT INC FUND LP SECTION 1231 P    
b RCP FUND V LP SECTION 1231 P    
c SCHWAB 4350 CAPITAL GAIN DISTRIB P    
d SCHWAB 4350 GAINS P    
e SCHWAB 6712 LOSSES P    
LOSS ON ABANDONED ASSETS P    
FAIRWAY R.A.F I LP CAPITAL GAIN P    
RCP FUND V LP CAPITAL GAIN P    
OVATION ALT INC FUND LP CAPTAL GAIN P    
(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 842     842
b     183 -183
c 6,778     6,778
d 3,379,087     3,379,087
e     1,199,526 -1,199,526
    10,721 -10,721
2,688     2,688
1,895     1,895
19,573     19,573
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       842
b       -183
c       6,778
d       3,379,087
e       -1,199,526
      -10,721
      2,688
      1,895
      19,573
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,200,433
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 2,200,433
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
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 50,470
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 50,470
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 50,470
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 58,004
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 63,004
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 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 12,534
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow12,534 Refundedright arrow 11  
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 arrowTN
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 2022 or the taxable year beginning in 2022? 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
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
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.ASLANFOUNDATION.ORG
14
The books are in care ofright arrowLINDSAY Y MCDONOUGH Telephone no.right arrow (865) 524-6360

Located atright arrow5107 HOMBERG DRIVEKNOXVILLETN ZIP+4right arrow37919
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 2022, 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
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 2022? .............
1d
 
 
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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)
Yes
 
(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
 
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
 
 
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
LINDSAY Y MCDONOUGH VICE-PRESIDE
5.00 		0 0 0
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
MARK K WILLIAMS SECRETARY
5.00 		0 0 0
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
ROBERT S YOUNG PRESIDENT
5.00 		0 0 0
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
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
ANDREA BAILEY EXECUTIVE DI
000.00 		206,280 12,532  
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
SARAH SWINFORD EMPLOYEE
000.00 		95,780 9,555  
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
RANDALL COFFEY EMPLOYEE
000.00 		91,000 7,789  
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
STEPHANIE MCANINCH FINANCE MGR
000.00 		81,600 8,633  
5107 HOMBERG
KNOXVILLE,TN37919
JOHN WORLEY PROPERTY MGR
000.00 		65,176 10,991  
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
Total number of other employees paid over $50,000...................right arrow 2
Form 990-PF (2022)
Form 990-PF (2022)
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
SANDERS PACE ARCHITECTURE ARCHITECTURE 1,299,706
514 W JACKSON AVENUE
KNOXVILLE,TN37902
HICKORY CONSTRUCTION INC CONSTRUCTION 1,138,717
124 KENT PLACE
ALCOA,TN37701
EVERGREEN TIMBER WORKS LANDSCAPING 153,860
5603 SOUTH BRISCOE CIRCLE
KNOXVILE,TN37912
JOHNSON & GALYON INC CONSTRUCTION 83,034
PO BOX 3070
KNOXVILLE,TN37927
SECURITAS SECURITY SERVICES USA INC SECURITY 63,804
12672 COLLECTIONS CENTER DR
CHICAGO,IL60693
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 EUGENIA WILLIAMS PROJECT: RESTORATION OF HISTORIC BUILDING AND GROUNDS TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT. 3,447,345
2 LOGHAVEN ARTIST RESIDENCY: SERVING ARTISTS BY PROVIDING TIME AND SPACE TO WORK, THEREBY FACILITATING THE CREATION OF NEW WORK FOR THE PUBLIC. 933,105
3 FORT DICKERSON PARK: IMPROVEMENT OF PUBLIC SPACE THROUGH THE CREATION OF TWO GATEWAYS TO A CIVIL WAR SITE AND PUBLIC RECREATIONAL PARK. 339,195
4 CANDORO MARBLE BUILDING: MAINTENANCE OF HISTORIC BUILDING TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT. 149,403
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
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
75,457,812
b
Average of monthly cash balances.......................
1b
334,595
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
75,792,407
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
 
3
Subtract line 2 from line 1d.........................
3
75,792,407
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,136,886
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
74,655,521
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,732,776
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
3,732,776
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
50,470
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
50,470
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,682,306
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
3,682,306
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
3,682,306
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
3,539,654
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
3,161,780
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
6,701,434
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 3,682,306
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......  
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018...... 1,096,648
c From 2019...... 8,196,244
d From 2020...... 5,324,612
e From 2021...... 1,133,147
f Total of lines 3a through e ........ 15,750,651
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 6,701,434
a Applied to 2021, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount..... 3,682,306
e Remaining amount distributed out of corpus 3,019,128
5 Excess distributions carryover applied to 2022.    
(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 18,769,779
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		18,769,779
10 Analysis of line 9:
a Excess from 2018.... 1,096,648
b Excess from 2019.... 8,196,244
c Excess from 2020.... 5,324,612
d Excess from 2021.... 1,133,147
e Excess from 2022.... 3,019,128
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, 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) 2022 (b) 2021 (c) 2020 (d) 2019
         
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).)
ROBERT S YOUNG JR
LINDSAY Y MCDONOUGH
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:
APPLICATIONS TO BE SUBMITTED ONLINE
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
(865) 524-6360
ASLAN.SMARTSIMPLE.COM
bThe form in which applications should be submitted and information and materials they should include:
FOUNDATIONS'S ONLINE GRANT APPLICATION
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2022)
Form 990-PF (2022)
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
AARON LANDSMAN


219 E 7TH ST APT 14
NEW YORK,NY10009 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
AMARYLLIS CHANDRA FELDMAN


23 HAWTHORNE DR
OBERLIN,OH44074 		N/A INDIVIDUAL ARTIST GRANT - 2022 8,000
ANN MARIE CARLSON


1626 MONTANA AVE STE 399
SANTA MONICA,CA90403 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
CARLIE TROSCLAIR


517 AMELIZ ST
NEW ORLEANS,LA70053 		N/A INDIVIDUAL ARTIST GRANT - 2022 7,850
DAVID R COTE


623 W 207TH ST APT 16
NEW YORK,NY10034 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
DORIAN WOOD


6159 ANNAN WAY
LOS ANGELES,CA90042 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
HRAG VARTANIAN


22 N 6TH STREET 20K
BROOKLYN,NY11249 		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
LEVI GONZALEZ


25 SAGE STREET
NORTH BENNINGTON,VT05257 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
MICHELLE LIPPMAN


301 N KENWOOD STREET
GLENDALE,CA91206 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
NICOLE KORNEGAY


2737 US ROUTE FLR 1
HUDSON,NY12534 		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
PETRA BACHMAIER


860 N CALIFORNIA AVE 1N
CHICAGO,IL60622 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
ROBIN FROHARDT


346 WEST SAUGERTIES RD
SAUGERTIES,NY12477 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,500
SANDRA BREWSTER


182 SYMINGTON AVE
TORONTO ONTARIO,ONTARIOM6P3W6
CA 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
SEAN FADER


6823 ST CHARLES AVE
NEW ORLEANS,LA70118 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
SEAN GALLERO


860 N CALIFORNIA AVE 2N
CHICAGO,IL60622 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
SHAYNA DUNKELMAN


2728 THOMSON AVEUNIT 431
LONG ISLAND,NY11101 		N/A INDIVIDUAL ARTIST GRANT - 2022 700
STEPHANIE ZALETEL


PO BOX 50743
LOS ANGELES,CA90050 		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
ZACHARY J BALTICH


324 N 27TH AVE W
DULUTH,MN55806 		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000

AUSTIN EAST FOUNATION

PO BOX 52250
KNOXVILLE,TN37950 		  501(C)(3) GRANT 10,000

BIG EARS FESTIVAL

900 S GAY ST SUITE 1001
KNOXVILLE,TN37902 		  501(C)(3) GRANT 270,833

BOYS AND GIRLS CLUB OF TN VALLEY

967 IRWIN STREET
KNOXVILLE,TN37917 		  501(C)(3) GRANT 30,000

CONSERVATION FISHERIES INC

3424 DIVISION STREET
KNOXVILLE,TN37919 		  501(C)(3) GRANT 10,000

IJAMS NATURE CENTER

2915 ISLAND HOME AVE
KNOXVILLE,TN37920 		  501(C)(3) GRANT 25,000

INTERFAITH HEALTH CLINIC

315 GILL AVE
KNOXVILLE,TN37917 		  501(C)(3) GRANT 52,582

KNOXVILLE MUSEUM OF ART

1050 WORLDS FAIR PARK
KNOXVILLE,TN37902 		  501(C)(3) GRANT 75,000

KNOXVILLE-KNOX COUNTY CAC

2247 WESTERN AVE
KNOXVILLE,TN37921 		  501(C)(3) GRANT 81,404

TRI-STAR ARTS

4450 CANDORA AVE
KNOXVILLE,TN37920 		  501(C)(3) GRANT 73,334

YOUNG-WILLIAMS ANIMAL CENTER

3201 DIVISION STREET
KNOXVILLE,TN37919 		  501(C)(3) GRANT 325,000

EAST TN COMM DESIGN CTR

1300 N BROADWAY
KNOXVILLE,TN37917 		  501(C)(3) CONTRIBUTION 200

FAMILY PROMISE OF KNOXVILLE

PO BOX 10184
KNOXVILLE,TN379390184 		  501(C)(3) MICRO GRANT - 2022 25,000

FREE MEDICAL CLINIC OF AMERICA

6209 CHAPMAN HWY
KNOXVILLE,TN37920 		  501(C)(3) PANDEMIC RELIEF GRANT 75,000

GOV JOHN SEVIER MEM ASSOCIATION

PO BOX 20195
KNOXVILLE,TN379401195 		  501(C)(3) 2022 MICRO GRANT 3,000

GREAT SMOKEY MTN INST AT TREMONT

9275 TREMONT ROAD
TOWNSEND,TN37882 		  501(C)(3) CONTRIBUTION 800

HAZEN HISTORICAL MUSEUM FOUNDATION

1649 DANDRIDGE AVE
KNOXVILLE,TN37915 		  501(C)(3) 2022 MICRO GRANT 2,000

HORSE HAVEN OF TENNESSEE

2477 FORD ROAD
LENOIR CITY,TN37772 		  501(C)(3) 2022 MICRO GRANT 3,000

IJAMS NATURE CENTER

2915 ISLAND HOME AVE
KNOXVILLE,TN37920 		  501(C)(3) CONTRIBUTION 350

INTERFAITH HEALTH CLINIC

315 GILL AVE
KNOXVILLE,TN37917 		  501(C)(3) GRANT 50,000

JOY OF MUSIC SCHOOL

1209 EUDLID AVE NW 101
KNOXVILLE,TN37921 		  501(C)(3) 2022 MICRO GRANT 3,000

KEEP KNOXVILLE BEAUTIFUL

PO BOX 385
KNOXVILLE,TN37901 		  501(C)(3) CONTRIBUTION 1,250

KNOX HERITAGE

3425 KINGSTON PIKE
KNOXVILLE,TN37919 		  501(C)(3) CONTRIBUTION 640

KNOXVILLE ACADEMY OF MEDICINE

115 SUBURBAN ROAD
KNOXVILLE,TN379235551 		  501(C)(3) 2022 GRANT 20,000

KNOXVILLE CHILDREN'S THEATRE INC

109 E CHURCHWELL AVENUE
KNOXVILLE,TN37917 		  501(C)(3) 2022 MICRO GRANT 3,000

KNOXVILLE HISTORY PROJECT

516 W VINE AVE STE 8
KNOXVILLE,TN37902 		  501(C)(3) CONTRIBUTION 500

LEADERSHIP KNOXVILLE

17 MARKET SQUARE STE 201
KNOXVILLE,TN37902 		  501(C)(3) CONTRIBUTION 1,000

LEGACY PARKS FOUNDATION

900 VOLUNTEER LANDING LN
KNOXVILLE,TN37915 		  501(C)(3) CONTRIBUTION 1,200

SECOND HARVEST FOOD BANK

136 HARVEST LANE
MARYVILLE,TN37801 		  501(C)(3) 2022 GRANT 50,000

THE CHILDREN'S CENTER OF KNOXVILLE

301 FRANK STREET
KNOXVILLE,TN37919 		  501(C)(3) 2022 GRANT 10,000

TIGER HAVEN INC

237 HARVEY ROAD
KINGSTON,TN377635448 		  501(C)(3) 2022 MICRO GRAN 3,000

YWCA KNOXVILLE & THE TENNESSEE VALL

420 CLINCH AVE
KNOXVILLE,TN37902 		  501 (C)(3) 2022 GRANT 30,000
ALENA MEHIC


402 COBBLESTONE WAY
MOUNT JULIET,TN37122 		N/A INDIVIDUAL ARTIST GRANT - 2022 1,000
ALEXANDER GEDEON


165 SOUTH HAYWORTH AVE 2
LOS ANGELES,CA90046 		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
ANTHONY R GREEN


168 DOYLE AVE
PROVIDENCE,RI02906 		N/A INDIVIDUAL ARTIST GRANT - 2022 1,000
DAUEN JUNG


3161 S SEPULVEDA BLVD303
LOS ANGELES,CA90034 		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
DANIEL CORRAL


427 GARFIELD AVE
SOUTH PASADENA,CA91030 		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
JANE WONG


2604 ROSLYN PLACE
BELLINGHAM,WA98226 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
JENNIFER WEN MA


371 MADISON ST 509
NEW YORK,NY10002 		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
KLEAVER CRUZ


618 N SHERIDAN AVE
PITTSBURGH,PA15206 		N/A INDIVIDUAL ARTIST GRANT - 2022 4,000
MAJEL A CONNERY


342 OLD BEACH 88 ST
ROCKAWAY BEACH,NY11693 		N/A INDIVIDUAL ARTIST GRANT - 2022 1,000
RAHELEH FILSOOFI


816 HILLWOOD BLVD
NASHVILLE,TN37209 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,000
ROBIN FROHARDT


346 WEST SAUGERTIES RD
SAUGERTIES,NY12477 		N/A INDIVIDUAL ARTIST GRANT - 2022 2,100
SHRUTI SWARNY


563 SHOTWELL APT E
SAN FRANCISCO,CA94110 		N/A INDIVIDUAL ARTIST GRANT - 2022 1,000
YI XIE


260 MOORE ST 303
BROOKLYN,NY11206 		N/A INDIVIDUAL ARTIST GRANT - 2022 1,000
Total .................................right arrow 3a 1,322,243
bApproved for future payment

A STEP AHEAD
120 SUBURBAN ROAD ST 206
KNOXVILLE,TN37923 		  501(C)(3) 2023 GRANT 15,000

APPALACHIAN BEAR RESCUE
121 PAINTED TRILLIUM WY
TOWNSEND,TN37882 		  501(C)(3) 2023 GRANT 10,000

APPALACHIAN MOUNTAIN BIKE CLUB
PO BOX 883
KNOXVILLE,TN37901 		  501(C)(3) 2023 GRANT 22,500

AUSTIN EAST FOUNDATION
PO BOX 52250
KNOXVILLE,TN37950 		  510(C)(3) 2023 GRANT 10,000

BOYS AND GIRLS CLUB OF TN VALLEY
967 IRWIN STREET
KNOXVILLE,TN37917 		  501(C)(3) 2023 GRANT 30,000

CONSERVATION FISHERIES INC
3424 DIVISION STREET
KNOXVILLE,TN37919 		  501(C)(3) 2023 GRANT 17,500

FREE MEDICAL CLINIC OF AMERICA
6209 CHAPMAN HIGHWAY
KNOXVILLE,TN37920 		  501(C)(3) 2023 GRANT 50,000

IJAMS NATURE CENTER
2915 ISLAND HOME AVENUE
KNOXVILLE,TN37920 		  501(C)(3) 2023 GRANT 25,000

INTERFAITH HEALTH CLINIC
315 GILL AVE
KNOXVILLE,TN37917 		  501(C)(3) 2023 GRANT 20,000

KNOX HERITAGE INC
3425 KINGTON PIKE
KNOXVILLE,TN37919 		  501(C)(3) 2023 GRANT 20,000

KNOXVILLE HISTORY PROJECT
516 WEST VINE AVE STE 8
KNOXVILLE,TN37902 		  501(C)(3) 2023 GRANT 15,000

KNOXVILLE OPERA COMPANY
612 E DEPOT AVE
KNOXVILLE,TN37917 		  501(C)(3) 2023 GRANT 10,000

KNOXVILLE SYMPHONY ORCHESTRA
PO BOX 360
KNOXVILLE,TN379010360 		  501(C)(3) 2023 GRANT 30,000

MOUNTAIN TAILS WILDLIFE REHAB
8358 BUD HAWKINS ROAD
CORRYTON,TN377214008 		  501(C)(3) 2023 GRANT 4,500

TRI-STAR ARTS
4450 CANDORA AVE
KNOXVILLE,TN37920 		  501(C)(3) GRANT 6,667
ALENA MEHIC

402 COBBLESTONE WAY
MOUNT JULIET,TN37122 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,000
ALETHEA PACE

800 GRAND CONCOURSE 1FN
BRONX,NY10451 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
ALLISON L WADE

5556 NORTH LAKEWOOD 1F
CHICAGO,IL60640 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
AMIR RABIYAH EL-CHIDIAC

43 N WATER STREET
LEWISBURG,PA17837 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
ANNE GOSFIELD

301 EAST 12TH STREET 3D
NEW YORK,NY10003 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,850
ANTHONY GREEN

168 DOYLE AVENUE
PROVIDENCE,RI02906 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,000
ASHLEY MEREDITH BIGHAM

377 JACKSON ST
COLUMBUS,OH43206 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
BETH ANN FENNELLY

400 SISK AVE
OXFORD,MS38655 		N/A INDIVIDUAL ARTIST GRANT - 2023 5,100
CAMILLA SIMS

140 WYNTER COURT B11
ATHENS,GA30601 		N/A INDIVIDUAL ARTIST GRANT - 2023 4,979
ELGIN CLECKLEY

1310 CHESAPEAKE ST
CHARLOTTESVILLE,VA22902 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
ERIK HERMAN

377 JACKSON ST
COLUMBUS,OH43206 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
ERIKA SHARON MEITNER

6313 STONEFIELD RD
MIDDLETON,WI53562 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
FRANCESCA REMIGI

29 SPENCER PLACE APT 2R
BROOKLYN,NY11216 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
FRANCHELLE LUCAS

1302 WAUGH DR 458
HOUSTON,TX77019 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
HUMBI SONG

1137 MASSACHUSETTS AV 45
CAMBRIDGE,MA02138 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
ISABELLA DAWIS

212 11TH AVE S 4
MINNEAPOLIS,MN55415 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
JENNIFER LAY SHYU

51-56 48TH ST 2ND FL
WOODSIDE,NY11377 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
JESSICA PAVONE

1442 31ST DRIVE 2B
ASTORIA,NY11106 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
JOHN JESURUN

277 WEST 11TH ST APT 3B
NEW YORK,NY10014 		N/A INDIVIDUAL ARTIST GRANT - 2023 5,100
MAJEL A CONNERY

342 OLD BEACH 88 ST
ROCKAWAY,NY11693 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,000
MANDY ANNETTE CANO VILLALOBOS

352 EUREKA AVE SE
GRAND RAPIDS,MI49506 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
MICHELLE PENALOZA

PO BOX 632
COVELO,CA95425 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
NATALIA VILLANEUVA

1816 S RACINE AVE 3F
CHICAGO,IL60608 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
NAVA DUNKELMAN

343 HUMBOLDT ST APT 2
BROOKLYN,NY11211 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
NICHOLAS BOGGS

139 NORTH 9TH ST APT 2R
BROOKLYN,NY11249 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
QUYNH HOANG VANTU

9737 COUNTRY WAY RD
GLEN ALLEN,VA23060 		N/A INDIVIDUAL ARTIST GRANT - 2023 5,100
REBECCA HILL

3904 UTAH AVE
BRENTWOOD,MD20722 		N/A INDIVIDUAL ARTIST GRANT - 2023 4,737
ROBERT HUTCHISON

4010 WHITMAN AVE N
SEATTLE,WA98103 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
ROBERT KLEIER

301 EAST 12TH ST 3D
NEW YORK,NY10003 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,850
ROLAND ANTOINE WILLIAMS

4330 SW 20TH LN
GAINESVILLE,FL32607 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
RONALD E SHAVERS JR

411 G STREET - 2023
SALT LAKE CITY,UT84103 		N/A INDIVIDUAL ARTIST GRANT 1,700
SHRUTI SWAMY

563 SHOTWELL APT E
SAN FRANCISCO,CA94110 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,000
STACEY STEERS

517 PINE STREET
BOULDER,CO80302 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
TIDTAYA SINUTOKE

6289 AUTSIN ST FL 2
REGO PARK,NY11374 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
TSERING LAMA

16287 86B AVE
SURREYBRITISHCOLUMBIA,BRITISH COLUMBIAV4N1C7
CA 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
YI XIE

260 MOORE ST 303
BROOKLYN,NY11206 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,000
YULIYA TSUKERMAN

141 HUNTINGTON ST 2
BROOKLYN,NY11231 		N/A INDIVIDUAL ARTIST GRANT - 2023 3,400
KEITH WILSON

1221 E 53RD ST APT 3
CHICAGO,IL60615 		N/A INDIVIDUAL ARTIST GRANT-DID NOT CASH 2022 CHECK -2,000
ROBIN FROHARDT

346 WEST SAUGERTIES RD
SAUGERTIES,NY12477 		N/A INDIVIDUAL 2021 GRANT - CHANGE IN GRANT -2,500
SHAYNA DUNKELMAN

27-28 THOMSON AVUNIT 431
LONG ISLAND,NY11101 		N/A INDIVIDUAL 2021 ARTIST GRANT REDUCE IN 2022 -700
TIA SIMONE GARDNER

1479 PORTLAND AVE APT 3
SAINT PAUL,MN55104 		N/A INDIVIDUAL 2021 ARTIST GRANT - UNABLE TO ATTEND -800
Total ................................. right arrow 3b 384,183
Form 990-PF (2022)
Form 990-PF (2022)
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 57,402  
4 Dividends and interest from securities ....     14 1,609,363  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,200,433  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOVATION ALT INC FD ORD INC( 		    14 -141  
bUBI OVATION ALT ORD INCOME 525990 4,543      
cUBI OVATION CAPITAL LOSS 525990        
dUBI OVATION SECT 1231 GAIN 525990 23      
eOVATION ALT INC FD LP OTH I     14 61  
fFAIRWAY R.A.F. I ORD INC(L     14 268  
gUBI FAIRWAY R.A.F ORD INC(L 525990 -602      
hUBI FAIRWAY R.A.F CAP GAIN 525990        
iFAIRWAY R.A.F. I LP OTHER I     14 18  
jFAIRWAY R.A.F. I LP ROYALTI     14 47,070  
kMISC INCOME     1 385  
lRCP FUND V LP ORD INC(LOSS)     14 463  
mUBI RCP FUND V LP ORD INC(L 525990 -1,381      
nRCP FUND V LP OTHER INCOME     14    
oRCP FUND V LP ROYALTIES     14    
pFAIRWAY R.A.F. I LP RENTAL     14 -380  
qOVATION ALT INC FD LP RENTA     14 -49  
rUBI OVATION ALT INC FD LP R 525990 -81      
sRCP FUND V LP RENTAL     14    
12 Subtotal. Add columns (b), (d), and (e) .. 2,502 3,914,893  
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,917,395
(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 (2022)
Form 990-PF (2022)
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 (2022)
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
2022
Name of the organization
THE ASLAN FOUNDATION
 
Employer identification number

62-1520208
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) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
THE ASLAN FOUNDATION
  		Employer identification number
62-1520208
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
ROBERT S YOUNG JR
2419 PARK OAK DRIVE
 
LOS ANGELES, CA90068

$ 201,435


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
LINDSAY Y MCDONOUGH
2135 LYONS BEND ROAD
 
KNOXVILLE, TN37919

$ 51,453


(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) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
THE ASLAN FOUNDATION
  		Employer identification number

62-1520208
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
1
 948 SH INTERCONTINENTAL EX STOCK $ 99,588 2022-11-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 1000 SH STARBUCKS INC STOCK $ 97,830 2022-11-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 27 SH APPLE INC STOCK $ 4,017 2022-11-16
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 360 SH APPLE INC STOCK $ 51,453 2022-12-09
(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) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
THE ASLAN FOUNDATION
  		Employer identification number

62-1520208
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) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 34,137 11,054   24,419

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

TY 2022 DepreciationSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
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
LAND   7,565,268              
LAND IMPROVMENTS   2,986,079 1,119,307     146,766      
BUILDINGS   20,043,603 970,513     500,635      
EQUIPMENT AND FURNITURE   1,528,016 496,341     200,865      
TECHNOLOGY EQUIP   355,354 108,110     69,421      
CWIP   8,365,744              

TY 2022 InvestmentsCorpBondsSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Name of Bond End of Year Book Value End of Year Fair Market Value
SCHWAB 4350 CORPORATE BONDS 492,690 492,690
SCHWAB 4350 BOND MUTUAL FUNDS 13,415,553 13,415,553

TY 2022 InvestmentsCorpStockSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Name of Stock End of Year Book Value End of Year Fair Market Value
SCHWAB 4350 SECURITIES 46,775 46,775
SCHWAB 4350 ETFS 44,471,448 44,471,448
SCHWAB 6712 SECURITIES 8,260,612 8,260,612

TY 2022 InvestmentsGovtObligationsSch
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
US Government Securities - End of Year Book Value:

 
US Government Securities - End of Year Fair Market Value:

 
State & Local Government Securities - End of Year Book Value:


925,326
State & Local Government Securities - End of Year Fair Market Value:


925,326


TY 2022 InvestmentsOtherSchedule2
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SCHWAB 4350 ALTERNATIVES   453,627 453,627
SCHWAB 6712 REIT'S   146,636 146,636

TY 2022 LandEtcSchedule2
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND IMPROVEMENTS 2,986,079 1,265,664 1,720,415 2,986,079
BUILDINGS 20,043,602 1,471,149 18,572,453 20,043,602
EQUIP AND FURNITURE 1,528,016 693,500 834,516 1,528,016
TECHNOLOGY EQUIPMENT 355,354 177,530 177,824 355,354
CWIP 8,365,744   8,365,744 8,365,744
LAND 7,565,268   7,565,268 7,565,268


TY 2022 LegalFeesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT LEGAL FEES 30,317     30,653


TY 2022 OtherAssetsSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST 21,162 16,811 16,811


TY 2022 OtherDecreasesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description Amount
UNREALIZED LOSSES ON INVESTMENTS 16,085,975
ADJUST DONOR BASIS 151,607


TY 2022 OtherExpensesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
COMPUTER, INTERNET, TELEPHONE 66,089     68,547
DUES - PROFESSIONAL 7,584     10,411
CULTURAL PROGRAMMING EVENTS 2,222     2,612
INSURANCE 141,786     141,786
INVESTMENT INTEREST - OVATION 39 39    
OFFICE EXPENSE 43,047     55,115
ORDINARY INCOME DEDUCTION - R 2,185 2,185    
PORTFOLIO EXPENSE - FAIRWAY 5,379 5,375    
PORTFOLIO EXPENSE - OVATION 8,194 7,776    
PORTFOLIO EXPENSE - RCP 284      
PROMOTIONS 5,621     5,621
PROPERTY UPKEEP 819,669     848,115
ROYALTIES DEDUCTION - FAIRWAY 7,792 7,792    


TY 2022 OtherIncomeSchedule2
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OVATION ALT INC FD ORD INC(LS -141 -141  
UBI OVATION ALT ORD INCOME 4,543    
UBI OVATION SECT 1231 GAIN 23    
OVATION ALT INC FD LP OTH INC 61 61  
FAIRWAY R.A.F. I ORD INC(LS) 268 268  
UBI FAIRWAY R.A.F ORD INC(LS) -602    
FAIRWAY R.A.F. I LP OTHER INC 18 18  
FAIRWAY R.A.F. I LP ROYALTIES 47,070 47,070  
MISC INCOME 385 385  
RCP FUND V LP ORD INC(LOSS) 463 463  
UBI RCP FUND V LP ORD INC(LS) -1,381    
FAIRWAY R.A.F. I LP RENTAL -380 -380  
OVATION ALT INC FD LP RENTAL -49 -49  
UBI OVATION ALT INC FD LP RT -81    


TY 2022 OtherLiabilitiesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description Beginning of Year - Book Value End of Year - Book Value
CONSTRUCTION RETAINAGE 17,092  
SECURITY DEPOSITS 3,750 4,800


TY 2022 OtherProfessionalFeesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 1,329     1,329
CONSULTING 8,974     3,399
FOOD SERVICE 34,952     34,952
GRAPHIC DESIGN, WEBSITE 1,550     1,550
INVESTMENT EXPENSE 180,232 180,232    
PAYROLL SERVICES 3,388     3,645
RESEARCH SERVICES 18,304     18,304
PHOTO, VIDEO & SOCIAL MEDIA SERV 19,637     15,948
STAFFING SERVICES 19,686     20,921


TY 2022 TaxesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL 48,626      
FOREIGN TAXES 49,696 49,696    
PAYROLL TAXES 55,423 803   54,618
STATE 175