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
HALE FAMILY FOUNDATION INC
C/O DAVID JACKSON
Number and street (or P.O. box number if mail is not delivered to street address)461 N CLINTON ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60654
A Employer identification number

82-0865495
B Telephone number (see instructions)

(224) 688-9900
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$7,882,104J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,017 1,017 1,017
4 Dividends and interest from securities... 130,883 130,883 130,883
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 108,797
b Gross sales price for all assets on line 6a 1,536,677
7 Capital gain net income (from Part IV, line 2)... 108,797
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).......      
12 Total. Add lines 1 through 11........ 240,697 240,697 131,900
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 18,000      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,950 495   4,455
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
45,969 45,969    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,297 7,282   15
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 13,265     13,265
21 Travel, conferences, and meetings....... 971     971
22 Printing and publications..........       4,982
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,297     5,280
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 95,749 53,746   28,968
25 Contributions, gifts, grants paid....... 359,050 359,050
26 Total expenses and disbursements. Add lines 24 and 25 454,799 53,746   388,018
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -214,102
b Net investment income (if negative, enter -0-) 186,951
c Adjusted net income (if negative, enter -0-)... 131,900
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......... 324,273 177,586 177,586
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)      
b Investments—corporate stock (attach schedule)....... 6,818,195 Click to see attachment
List of Attached Documents:
// Content
6,752,055 		7,703,668
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
850 		Click to see attachment
List of Attached Documents:
// Content
850 		Click to see attachment
List of Attached Documents:
// Content
850
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,143,318 6,930,491 7,882,104
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)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   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........... 7,143,318 6,930,991
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)..... 7,143,318 6,930,991
30 Total liabilities and net assets/fund balances (see instructions). 7,143,318 6,930,991
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
7,143,318
2
Enter amount from Part I, line 27a .....................
2
-214,102
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,775
4
Add lines 1, 2, and 3 ..........................
4
6,930,991
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,930,991
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 PUBLICLY TRADED SECURITIES P 2023-01-01 2023-12-31
b PUBLICLY TRADED SECURITIES P 2020-01-01 2023-12-31
c PUBLICLY TRADED SECURITIES P 2023-01-01 2023-12-31
d PUBLICLY TRADED SECURITIES P 2020-01-01 2023-12-31
e
(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 666,179   663,688 2,491
b 607,936   584,301 23,635
c 43,640   47,283 -3,643
d 146,471   132,608 13,863
e
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       2,491
b       23,635
c       -3,643
d       13,863
e
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 2 108,797
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 -1,152
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 2,599
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 2,599
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 2,599
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 9,045
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,045
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 6,446
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow6,446 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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 arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowDAVID JACKSON Telephone no.right arrow (224) 688-9900

Located atright arrow461 N CLINTON STCHICAGOIL ZIP+4right arrow60654
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)
 
No
(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
 
 
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
 
 
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
DAVID HALE PRESIDENT
000.00 		0 0 0
25W670 COVENTRY STREET
WHEATON,IL60187
JUDY HALE VP/TREASUR
000.00 		0 0 0
25W670 COVENTRY STREET
WHEATON,IL60187
DAVID JACKSON SECRETARY
6.00 		18,000 0 0
461 N CLINTON ST
CHICAGO,IL60654
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  
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
7,270,387
b
Average of monthly cash balances.......................
1b
258,136
c
Fair market value of all other assets (see instructions)................
1c
850
d
Total (add lines 1a, b, and c).........................
1d
7,529,373
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
7,529,373
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
112,941
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,416,432
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
370,822
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
370,822
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,599
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,599
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
368,223
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
368,223
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
368,223
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
388,018
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
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
388,018
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 7 368,223
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 117,516
b Total for prior years:20 , 20, 20  
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 ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 388,018
a Applied to 2022, but not more than line 2a 117,516
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 270,502
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		97,721
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
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....  
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).)
DAVID HALE
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

ALASKA WHALE FOUNDATION

PO BOX 1927
PETERSBURG,AK99833 		NONE PUBLIC GENERAL 2,000

AMERICAN CANCER SOCIETY

1 E WACKER DR
SUITE 1500
CHICAGO,IL60601 		NONE PUBLIC GENERAL 500

ANGEL FLIGHT CENTRAL

10 RICHARDS ROAD
KANSAS CITY,MO64116 		NONE PUBLIC GENERAL 1,000

CHICAGO CLASSIC COMPUTING

1360 JARVIS AVE
ELK GROVE VILLAGE,IL60007 		NONE PUBLIC GENERAL 10,000

COSLEY ZOO

1356 N GARY AVE
WHEATON,IL60187 		NONE PUBLIC GENERAL 50,000

DEPAUL UNIVERSITY

1 E JACKSON BLVD
CHICAGO,IL60604 		NONE PUBLIC GENERAL 25,000

DOCTORS WITHOUT BORDERS

40 RECTOR ST
16TH FLOOR
NEW YORK,NY10006 		NONE PUBLIC GENERAL 250

DUPAGE COUNTY HISTORICAL MUSEUM FOU

102 E WESLEY ST
WHEATON,IL60187 		NONE PUBLIC GENERAL 1,000

EISENHOWER FOUNDATION

200 S E 4TH ST
ABILENE,KS67410 		NONE PUBLIC GENERAL 500

FRIENDS OF SOUTH GEORGIA ISLAND

25 DAKOTA MEADOWS DR
CARBONDALE,CO80623 		NONE PUBLIC GENERAL 500

FRIENDS OF THE SMITHSONIAN

600 MARYLAND AVENUE SW
WASHINGTON,DC20024 		NONE PUBLIC GENERAL 10,350

GATEWAY FOUNDATION

55 E JACKSON BLVD
STE 1500
CHICAGO,IL60604 		NONE PUBLIC GENERAL 1,000

GREATER CHICAGO FOOD DEPOSITORY

4100 W ANN LURIE PL
CHICAGO,IL60632 		NONE PUBLIC GENERAL 500

HABITAT FOR HUMANITY

1100 W CERMAK RD
SUITE 404
CHICAGO,IL60608 		NONE PUBLIC GENERAL 200

HOWE ALUMNI ASSOCIATION

18319 CLAIRMONT DR
SOUTH BEND,IN46637 		NONE PUBLIC GENERAL 500

ILLINOIS ENVIRONMENTAL COUNCIL EDUC

520 E CAPITOL
SPRINGFIELD,IL62701 		NONE PUBLIC GENERAL 10,000

INTERNATIONAL MUSEUM OF SURGICAL SC

1524 N LAKESHORE DR
CHICAGO,IL60610 		NONE PUBLIC GENERAL 1,000

LOOKOUT MOUNTAIN CONSERVANCY

PO BOX 76
LOOKOUT MOUNTAIN,TN37350 		NONE PUBLIC GENERAL 3,000

MACULAR DEGENERATION RESEARCH

PO BOX515
NORTHAMPTON,MA01061 		NONE PUBLIC GENERAL 200

MARCH OF DIMES

1550 CRYSTAL DR
STE 1300
ARLINGTON,VA22202 		NONE PUBLIC GENERAL 400

MD ANDERSON CANCER CENTER

PO BOX 4486
HOUSTON,TX77210 		NONE PUBLIC GENERAL 500

MEET THE OCEAN

PO BOX 15008
PORTLAND,OR97293 		NONE PUBLIC GENERAL 1,000

MIKE ROWE WORKS FOUNDATION

1207 4TH ST
PH 3
SANTA MONICA,CA90401 		NONE PUBLIC GENERAL 300

MUSEUM OF SCIENCE AND INDUSTRY

5700 S DUSABLE LAKE SHORE
CHICAGO,IL60637 		NONE PUBLIC GENERAL 400

NATIONAL GEOGRAPHIC SOCIETY

1145 17TH STREET NW
WASHINGTON,DC20036 		NONE PUBLIC GENERAL 55,000

NATIONAL MULTIPLE SCLEROSIS

525 W MONROE
ST 1510
CHICAGO,IL60661 		NONE PUBLIC GENERAL 500

NATIONAL PARKS CONSERVATION ASSOCIA

777 6TH STREET NW
SUITE 700
WASHINGTON,DC20001 		NONE PUBLIC GENERAL 200

NATIONAL WILDLIFE FEDERATION

11100 WILDLIFE CENTER DR
RESTON,VA20190 		NONE PUBLIC GENERAL 500

NORTHWESTERN MEMORIAL FOUNDATION

541 N FAIRBANKS CT
RM 1630
CHICAGO,IL60611 		NONE PUBLIC GENERAL 15,000

OCEAN CONSERVANCY

1300 19TH ST NW
8TH FLR
WASHINGTON,DC20036 		NONE PUBLIC GENERAL 500

OCEANITES INC

3292 ARCADIA PL NW
WASHINGTON,DC20015 		NONE PUBLIC GENERAL 400

OUTREACH COMMUNITY MINISTRIES

373 S SCHMALE RD
CAROL STREAM,IL60188 		NONE PUBLIC GENERAL 10,000

PURDUE RESEARCH FOUNDATION

1281 WIN HENTSCHEL BLVD
WEST LAFAYETTE,IN47906 		NONE PUBLIC GENERAL 120,000

RIVERKEEPER

20 SECOR RD
OSSINING,NY10562 		NONE PUBLIC GENERAL 5,000

ROBERT MCCORMICK FOUNDATION

205 N MICHIGAN AVENUE
SUITE 4300
CHICAGO,IL60601 		NONE PUBLIC GENERAL 200

RONALD MCDONALD HOUSE CHARITIES

1301 W 22ND ST
SUITE 905
OAKBROOK,IL60523 		NONE PUBLIC GENERAL 1,000

SHRINERS HOSPITALS FOR CHILDREN

2900 N ROCKY POINT DR
TAMPA,FL33607 		NONE PUBLIC GENERAL 500

SIGMA KAPPA FOUNDATION

696 PRO-MED LANE
SUITE 300
CARMEL,IN46032 		NONE PUBLIC GENERAL 500

ST JUDE CHILDREN'S RESEARCH HOSPITA

501STJUDEPLACE
MEMPHIS,TN38105 		NONE PUBLIC GENERAL 400

TAU BETA PI ASSOCIATION

PO BOX 2697
KNOXVILLE,TN37901 		NONE PUBLIC GENERAL 1,000

THE AGAPE RINGERS

380 S MAIN PL
CAROL STREAM,IL60188 		NONE PUBLIC GENERAL 600

THE CONSERVATION FOUNDATION

10S404 KNOCK KNOLLS RD
B
NAPERVILLE,IL60565 		NONE PUBLIC GENERAL 1,000

THE FIELD MUSEUM

1400 S LAKESHORE DRIVE
CHICAGO,IL60605 		NONE PUBLIC GENERAL 500

THE LEUKEMIA & LYMPHOMA SOCIETY

3 INTERNATIONAL DRIVE
SUITE 200
RYE BROOK,NY10573 		NONE PUBLIC GENERAL 150

THE MORTON ABORETUM

4100 IL-53
LISLE,IL60532 		NONE PUBLIC GENERAL 200

THE NATIONAL WORLD WAR II MUSEUM

945 MAGAZINE ST
NEW ORLEANS,LA70130 		NONE PUBLIC GENERAL 500

THE NATURE CONSERVANCY

400 N MICHIGAN AVE
STE 100
CHICAGO,IL60611 		NONE PUBLIC GENERAL 1,000

THE SALVATION ARMY

5040 N PULASKI ROAD
CHICAGO,IL60630 		NONE PUBLIC GENERAL 500

THE SUMMIT FOUNDATION

103 S HARRIS STREET
BRECKENRIDGE,CO80424 		NONE PUBLIC GENERAL 500

THE WILDERNESS SOCIETY

1615 M STREET NW
WASHINGTON,DC20036 		NONE PUBLIC GENERAL 400

UNITED WAY OF METRO CHICAGO

333 S WABASH AVE
30TH FLR
CHICAGO,IL60604 		NONE PUBLIC GENERAL 200

WOUNDED WARRIOR PROJECT

230 W MONROE ST
SUITE 200
CHICAGO,IL60606 		NONE PUBLIC GENERAL 500

WTTW

5400 N SAINT LOUIS AVE
CHICAGO,IL60625 		NONE PUBLIC GENERAL 1,000

YELLOWSTONE FOREVER

PO BOX 117
YELLOWSTONE NATIONAL P,WY82190 		NONE PUBLIC GENERAL 1,000

YOSEMITE CONSERVANCY

PO BOX230
EL PORTAL,CA95318 		NONE PUBLIC GENERAL 200

NORTHWESTERN MEMORIAL FOUNDATION

541 N FAIRBANKS CT
RM 1630
CHICAGO,IL60611 		NONE PUBLIC GENERAL 20,000
Total .................................right arrow 3a 359,050
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,017  
4 Dividends and interest from securities ....     14 130,883  
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 ............ 		    14 108,797  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   240,697  
13Total. Add line 12, columns (b), (d), and (e)..................
13
240,697
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
HALE FAMILY FOUNDATION INC
 
C/O DAVID JACKSON
EIN:
82-0865495
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNT FEES 4,950 495   4,455

TY 2023 InvestmentsCorpStockSchedule
Name:
HALE FAMILY FOUNDATION INC
 
C/O DAVID JACKSON
EIN:
82-0865495
Name of Stock End of Year Book Value End of Year Fair Market Value
3M 51,260 31,484
ABBOTT LABORATORIES 33,430 30,379
ABBVIE INC COM 7,365 11,003
AFLAC INC. 32,242 48,840
AIR PRODUCTS AND CHEMICALS, INC. 35,207 37,784
AKRE FOCUS FUND 1,006,947 1,112,555
ALBEMARLE CORP 27,754 16,760
AMCOR PLC ORD 11,160 9,563
APPLE INC 41,741 57,374
ARCHER DANIELS 17,132 18,344
ASML HOLDING N V N Y 89,334 75,692
ATMOS ENERGY CORP 27,059 32,452
AUTOMATIC DATA 35,285 44,963
BEAM THERAPEUTICS INC 42,243 13,610
BROWN & BROWN INC 35,485 40,035
BROWN FORMAN CORP CL 25,997 19,700
CARDINAL HEALTH INC 24,817 41,933
CATERPILLAR INC 24,136 29,567
CATERPILLAR INC 31,293 46,716
CHEVRON CORP 41,584 53,698
CHUBB LTD 15,279 21,244
CHURCH & DWIGHT CO INC I 21,778 23,640
CINCINNATI FINL CORP 9,454 10,760
CINTAS CORP 28,754 44,597
CLOROX COMPANY 14,856 11,550
COLGATE-PALMOLIVE CO 34,693 35,949
CONSOLIDATED EDISON 19,224 20,559
CROWDSTRIKE HLDGS 50,881 51,064
DOVER CORPORATION 28,422 34,761
ECOLAB INC 12,941 11,901
EMERSON ELECTRIC CO 30,449 35,039
ESSEX PPTY TR INC 48,628 48,596
EXPEDITORS INTL WASH 23,812 27,093
EXXON MOBIL CORP 25,184 45,991
FEDERAL REALTY INVESTMENT TRUST 29,981 30,194
FRANKLIN RESOURCES 18,172 21,151
FREEPORT MCMORAN 58,551 212,850
GENERAL DYNAMICS 27,652 36,873
GENUINE PARTS CO 15,017 17,174
GQG PARTNERS EMERGING MARKETS EQUITY 495,837 587,307
HARBOR SMALL CAP VALUE FUND 427,582 480,164
HARDING LOEVNER INTERNATIONAL EQUITY 489,731 498,895
HORMEL FOODS 23,232 15,445
IBM    
ILLINOIS TOOL WORKS 39,957 51,340
INVESCO DYNAMIC BIOTECHNOLOGY & GENO 33,889 131,680
INVESCO QQQ TRUST 14,899 57,333
ISHARES CORE MSCI    
ISHARES CORE MSCI EAFE 489,805 502,440
ISHARES CORE S&P 500 109,991 130,871
ISHARES GOLD ETF    
ISHARES NASDAQ BIOTECHNOLOGY ETF 52,480 67,925
ISHARES RUSSELL 2000 467,339 495,612
JOHNSON & JOHNSON 31,729 30,251
KIMBERLY CLARK CORP 21,789 20,292
LINDE PLC COM 9,829 16,018
LOWE'S COMPANIES, INC. 28,339 33,605
MCCORMICK &CO INC 23,386 19,568
MCDONALDS CORP 25,131 33,802
MEDTRONIC PLC 30,080 21,584
MICROSOFT CORP 43,102 65,431
NEXTERA ENERGY INC 34,787 25,997
NUCOR CORPORATION 9,715 21,929
PENTAIR PLC SHS 20,331 30,684
PEPSICO INC 27,678 32,439
PPG INDUSTRIES INC 35,069 37,836
PROCTER & GAMBLE CO 28,625 32,532
REALTY INCOME CORPORATION REIT 18,723 17,169
ROPER TECHNOLOGIES 29,479 40,343
S&P GLOBAL INC 20,572 25,991
SHERWIN WILLIAMS 22,406 29,631
SIRIUS XM HLDGS INC 36,485 32,820
SITIME CORP 57,166 61,040
SMITH A O 46,312 59,604
STANLEY BLACK & DECKER 27,372 24,721
SYSCO CORPORATION 21,240 20,184
T. ROWE PRICE GROUP INC 15,748 10,338
TARGET CORP COM 24,654 18,087
THE COCA COLA CO 39,398 44,787
V.F. CORPORATION    
VIRGIN GALACTIC 30,274 2,450
WAL-MART STORES INC 10,401 11,981
WALGREENS BOOTS    
WEST PHARMACEUTICAL 45,452 55,987
WHEATON PRECIOUS 52,680 98,680
WW GRAINGER INC 22,019 47,235
RBC EMERGIN MARKETS EQU 457,289 489,894
PROSHARES S&P 500 DIV 604,854 658,308

TY 2023 OtherAssetsSchedule
Name:
HALE FAMILY FOUNDATION INC
 
C/O DAVID JACKSON
EIN:
82-0865495
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSITS 850 850 850


TY 2023 OtherExpensesSchedule
Name:
HALE FAMILY FOUNDATION INC
 
C/O DAVID JACKSON
EIN:
82-0865495
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
OUTSIDE SERVICES 4,412     4,412
INSURANCE 868     868
IL REGISTERED AGENT FEE 17      


TY 2023 OtherIncreasesSchedule
Name:
HALE FAMILY FOUNDATION INC
 
C/O DAVID JACKSON
EIN:
82-0865495
Description Amount
TIMING DIFF ON INV INCOME 1,775


TY 2023 OtherProfessionalFeesSchedule
Name:
HALE FAMILY FOUNDATION INC
 
C/O DAVID JACKSON
EIN:
82-0865495
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INV MANAGEMENT FEES 45,969 45,969    


TY 2023 TaxesSchedule
Name:
HALE FAMILY FOUNDATION INC
 
C/O DAVID JACKSON
EIN:
82-0865495
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME TAX        
IL CHARITY BUREAU FUND 15     15
FOREIGN TAX 397 397    
FOREIGN TAX 8635 6,885 6,885    
FEDERAL INCOME TAX