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
PUTNAM FOUNDATION TRUST XXXXX7002
 
Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

13-6037083
B Telephone number (see instructions)

(800) 496-2583
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$14,911,382J 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      
4 Dividends and interest from securities... 367,872 312,723  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 880,925
b Gross sales price for all assets on line 6a 4,099,858
7 Capital gain net income (from Part IV, line 2)... 880,925
8 Net short-term capital gain......... 0
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
12 12  
12 Total. Add lines 1 through 11........ 1,248,809 1,193,660  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 112,249 72,170   40,079
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
8,301 8,301   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,197 7,439   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
44 44    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 135,791 87,954 0 40,079
25 Contributions, gifts, grants paid....... 766,199 766,199
26 Total expenses and disbursements. Add lines 24 and 25 901,990 87,954 0 806,278
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 346,819
b Net investment income (if negative, enter -0-) 1,105,706
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 190,417 92,315 92,315
2 Savings and temporary cash investments......... 123,160 115,149 115,149
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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)....... 6,161,352 Click to see attachment
List of Attached Documents:
// Content
6,286,285 		8,154,779
c Investments—corporate bonds (attach schedule)....... 4,937,384 Click to see attachment
List of Attached Documents:
// Content
5,264,913 		4,822,383
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).......... 1,215,285 Click to see attachment
List of Attached Documents:
// Content
1,215,285 		1,726,756
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,627,598 12,973,947 14,911,382
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...........    
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........ 12,627,598 12,973,947
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)..... 12,627,598 12,973,947
30 Total liabilities and net assets/fund balances (see instructions). 12,627,598 12,973,947
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
12,627,598
2
Enter amount from Part I, line 27a .....................
2
346,819
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
895
4
Add lines 1, 2, and 3 ..........................
4
12,975,312
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,365
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,973,947
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 . ALLERGAN INC     2023-01-03
b 11. UNITEDHEALTH GROUP INC   2009-11-03 2023-01-06
c 502.132 FIDELITY 500 INDEX FUND   2022-01-27 2023-01-26
d 2513.978 FIDELITY 500 INDEX FUND   2019-12-20 2023-01-26
e 2400. JPMORGAN BETABUILDERS JAPAN ETF     2023-01-26
600. JPMORGAN BETABUILDERS CANADA   2018-08-21 2023-01-26
57. AMAZON COM INC   2016-06-03 2023-01-27
26. CHEVRON CORP     2023-01-27
40. EDISON INTL   2022-03-31 2023-01-27
90. EXELON CORP   2020-12-10 2023-01-27
5. LAM RESEARCH CORPORATION COMMON   2021-01-05 2023-01-27
9. NORTHROP GRUMMAN CORP   2016-10-17 2023-01-27
30. PEPSICO INC   2020-04-06 2023-01-27
13. SHERWIN WILLIAMS CO     2023-01-27
10. UNITEDHEALTH GROUP INC   2009-11-03 2023-01-27
7. MOODYS CORP   2015-03-31 2023-02-07
1975.03 FIDELITY 500 INDEX FUND   2019-12-20 2023-02-17
2. HUMANA INC   2021-10-11 2023-02-17
72. PFIZER INC     2023-02-17
11. HUMANA INC   2021-10-11 2023-02-21
9. SEAGEN INC   2021-12-16 2023-03-07
4. STATE STR CORP   2020-08-19 2023-03-07
40. STATE STR CORP   2020-08-19 2023-03-10
10. FIRST REPUBLIC BANK/CA     2023-03-13
19. FIRST REPUBLIC BANK/CA   2020-04-20 2023-03-13
4. CME GROUP INC   2012-10-19 2023-03-15
21. INTERCONTINENTALEXCHANGE GROUP, INC   2017-03-31 2023-03-15
69. NASDAQ STOCK MARKET, INC.   2018-04-13 2023-03-15
50. CENTENE CORP DEL   2020-07-09 2023-03-23
65. EOG RESOURCES INC   2021-04-15 2023-03-23
820.745 SIX CIRCLES CREDIT OPPORT   2022-06-08 2023-03-27
15884.324 SIX CIRCLES CREDIT OPPORT   2020-11-12 2023-03-27
19. HONEYWELL INTL INC     2023-03-30
2. HONEYWELL INTL INC   2022-01-11 2023-04-06
128. TRINITY INDS INC     2023-04-14
31. INTERCONTINENTALEXCHANGE GROUP, INC   2017-03-31 2023-04-17
39. KEYCORP NEW   2023-01-27 2023-04-19
9029.928 VANGUARD TTL INTL BND-ADM     2023-04-24
1. CHIPOTLE MEXICAN GRILL INC CL A   2023-02-28 2023-05-01
94. OAK STREET HEALTH INC   2021-08-27 2023-05-02
12. SEAGEN INC   2023-01-27 2023-05-02
47. SEAGEN INC     2023-05-02
3. NORFOLK SOUTHN CORP   2023-01-27 2023-05-03
5. SEAGEN INC   2017-09-18 2023-05-04
29. EDISON INTL   2022-03-31 2023-05-15
5. ADOBE SYS INC   2019-01-16 2023-05-16
71. ANHEUSER BUSCH INBEV SA/NV   2020-08-20 2023-05-17
33. LEAR CORP   2022-10-24 2023-05-30
10. HUMANA INC     2023-06-02
11. HORIZON THERAPEUTICS PLC   2022-11-03 2023-06-09
34. HORIZON THERAPEUTICS PLC   2022-02-23 2023-06-09
13. HUMANA INC   2017-02-14 2023-06-16
2500. JPMORGAN BETABUILDERS EUROPE ETF     2023-06-22
1000. JPMORGAN BETABUILDERS DEVELO   2021-02-03 2023-06-22
451.584 FIDELITY 500 INDEX FUND   2019-12-20 2023-06-30
1150. JPMORGAN BETABUILDERS CANADA   2018-08-21 2023-06-30
5. UNITEDHEALTH GROUP INC   2009-11-03 2023-07-06
25. CROWN CASTLE INC   2016-10-17 2023-07-14
26. CHUBB LTD     2023-07-18
17. SEAGEN INC   2017-09-18 2023-07-20
20. EOG RESOURCES INC     2023-07-21
9. AON PLC-CLASS A   2020-03-09 2023-07-25
34. ADVANCED DRAINAGE SYSTEMS IN   2022-07-08 2023-07-26
33. CROWN CASTLE INC     2023-07-26
19. CHUBB LTD   2011-06-20 2023-07-27
673. JPMORGAN BETABUILDERS EUROPE ETF   2023-01-26 2023-07-28
1957. JPMORGAN BETABUILDERS EUROPE ETF   2023-01-26 2023-07-28
2. ADOBE SYS INC   2019-01-16 2023-08-04
500. JPMORGAN BETABUILDERS EUROPE ETF   2023-01-26 2023-08-07
1200. JPMORGAN BETABUILDERS JAPAN ETF     2023-08-07
350. JPMORGAN BETABUILDERS DEVELO   2021-02-03 2023-08-07
39. TEXAS INSTRS INC   2021-03-11 2023-08-07
40. AMAZON COM INC   2016-06-03 2023-08-11
37. CHEVRON CORP   2020-03-10 2023-08-11
38. CROWN CASTLE INC     2023-08-11
66. PFIZER INC   2022-10-10 2023-08-11
36. CHUBB LTD   2011-06-20 2023-08-14
22. SEAGEN INC   2017-09-18 2023-08-21
3. LILLY ELI & CO   2022-11-03 2023-08-23
49. MONDELEZ INTERNATIONAL-W/I   2023-01-27 2023-08-23
21. MONDELEZ INTERNATIONAL-W/I   2015-02-05 2023-08-23
3. NORTHROP GRUMMAN CORP   2016-10-17 2023-08-23
35. SEAGEN INC   2017-09-18 2023-08-29
17. SEAGEN INC   2017-09-18 2023-08-31
12. BIOHAVEN LTD   2022-10-06 2023-08-31
42. GENERAL MLS INC   2020-09-25 2023-09-06
36. PROCTER & GAMBLE CO   2015-09-28 2023-09-06
6. DOLLAR GENERAL CORP   2022-11-02 2023-09-14
35. AES CORP   2023-01-27 2023-09-19
200. AES CORP     2023-09-19
48. ABBOTT LABS     2023-09-19
142. ABBOTT LABS     2023-09-19
4. ABBVIE INC   2023-01-27 2023-09-19
9. ADOBE SYS INC   2019-01-16 2023-09-19
183. AIRBUS SE - UNSP ADR   2017-01-04 2023-09-19
3. ALNYLAM PHARMACEUTICALS INC   2023-05-03 2023-09-19
43. ALPHABET INC-CL C     2023-09-19
240. ALPHABET INC-CL C   2008-11-24 2023-09-19
78. AMAZON COM INC   2016-06-03 2023-09-19
10. AMETEK INC NEW   2023-01-27 2023-09-19
65. AMETEK INC NEW   2020-05-13 2023-09-19
33. ANALOG DEVICES INC   2021-10-08 2023-09-19
89. ANHEUSER BUSCH INBEV SA/NV     2023-09-19
26. ELEVANCE HEALTH INC     2023-09-19
27. APPLE COMPUTER INC   2022-12-29 2023-09-19
208. APPLE COMPUTER INC   2008-10-24 2023-09-19
6. APPLIED MATLS INC   2023-01-27 2023-09-19
118. ARAMARK   2022-03-15 2023-09-19
25. ASTRAZENECA PLC SPONS ADR   2023-02-02 2023-09-19
196. ASTRAZENECA PLC SPONS ADR     2023-09-19
18. ATLASSIAN CORP-CL A   2023-02-03 2023-09-19
27. BRISTOL MYERS SQUIBB CO     2023-09-19
187. BRISTOL MYERS SQUIBB CO     2023-09-19
165. BRITISH AMERN TOB PLC SPONSORED ADR   2019-02-20 2023-09-19
49. CME GROUP INC   2012-10-19 2023-09-19
347. CSX CORP     2023-09-19
126. CARRIER GLOBAL CORP     2023-09-19
195. CARRIER GLOBAL CORP     2023-09-19
211. CENTERPOINT ENERGY INC     2023-09-19
7. CHARTER COMMUNICATIONS INC-A   2023-09-01 2023-09-19
26. CHARTER COMMUNICATIONS INC-A   2013-06-19 2023-09-19
99. CHEVRON CORP     2023-09-19
1. CHIPOTLE MEXICAN GRILL INC CL A   2023-02-28 2023-09-19
13. CHIPOTLE MEXICAN GRILL INC CL A     2023-09-19
171. CITIZENS FINANCIAL GROUP   2023-09-06 2023-09-19
485. COMCAST CORP NEW CL A     2023-09-19
75. CONOCOPHILLIPS     2023-09-19
187. CONOCOPHILLIPS     2023-09-19
3. CONSTELLATION BRANDS INC CL A   2023-01-27 2023-09-19
139. CONSTELLATION ENERGY     2023-09-19
30. DANAHER CORP     2023-09-19
57. DANAHER CORP   2009-10-14 2023-09-19
35. DARDEN RESTAURANTS INC   2020-04-24 2023-09-19
14. DEERE & CO   2017-04-13 2023-09-19
28. DOLLAR GENERAL CORP     2023-09-19
29. DOLLAR GENERAL CORP     2023-09-19
56. EOG RESOURCES INC     2023-09-19
7. EDISON INTL   2022-03-31 2023-09-19
165. EDWARDS LIFESCIENCES CORP   2019-07-02 2023-09-19
55. ELECTRONIC ARTS     2023-09-19
39. ENTERGY CORP NEW   2021-08-25 2023-09-19
4. EQUIFAX INC     2023-09-19
1. EQUINIX INC   2023-01-27 2023-09-19
27. EQUINIX INC     2023-09-19
8. EXXON MOBIL CORP   2023-01-27 2023-09-19
26. FACEBOOK INC-A   2023-08-15 2023-09-19
77. FIDELITY NATL INFORMATION SVCS INC   2023-02-17 2023-09-19
12. ARTHUR J GALLAGHER & CO     2023-09-19
45. ARTHUR J GALLAGHER & CO   2020-06-11 2023-09-19
61. GENERAL ELECTRIC CO     2023-09-19
43. GENERAL MLS INC   2020-09-25 2023-09-19
90. GODADDY INC - CLASS A     2023-09-19
10. HEICO CORP NEW COM   2020-04-01 2023-09-19
15. HEICO CORP-CLASS A   2020-02-14 2023-09-19
50. HENRY JACK & ASSOC INC   2011-04-19 2023-09-19
48. HILTON WORLDWIDE HOLDINGS IN     2023-09-19
57. HILTON WORLDWIDE HOLDINGS IN     2023-09-19
33. HONEYWELL INTL INC     2023-09-19
68. HORMEL FOODS CORP   2017-10-31 2023-09-19
104. ITT INC     2023-09-19
165. J P MORGAN CHASE & CO     2023-09-19
76. JOHNSON & JOHNSON     2023-09-19
17. KLA-TENCOR CORP   2023-08-23 2023-09-19
31. KLA-TENCOR CORP     2023-09-19
14. KARUNA THERAPEUTICS INC   2023-05-16 2023-09-19
112. KRAFT HEINZ CO/THE   2022-09-21 2023-09-19
15. LAUDER ESTEE COS INC CL A   2023-07-18 2023-09-19
30. LAUDER ESTEE COS INC CL A   2019-01-22 2023-09-19
2. LILLY ELI & CO   2022-11-03 2023-09-19
31. LILLY ELI & CO   2017-10-03 2023-09-19
20. LINCOLN ELEC HLDGS INC   2023-05-25 2023-09-19
225. LONDON STOCK EXCHG-UNSP ADR     2023-09-19
20. MSCI INC     2023-09-19
267. MARSH & MCLENNAN COS INC     2023-09-19
26. MARRIOTT INTL INC NEW CL A   2023-08-23 2023-09-19
12. MASTERCARD INC - CLASS A   2022-02-08 2023-09-19
12. MICROSOFT CORP   2023-01-27 2023-09-19
267. MICROSOFT CORP     2023-09-19
72. MOLSON COORS BREWING CO   2023-08-11 2023-09-19
82. MONDELEZ INTERNATIONAL-W/I   2015-02-05 2023-09-19
16. MOODYS CORP   2015-03-31 2023-09-19
9. MORGAN STANLEY DEAN WITTER & CO NEW   2023-01-27 2023-09-19
72. NESTLE S A SPONSORED ADR REPSTG REG   2007-01-03 2023-09-19
66. NEXTERA ENERGY INC     2023-09-19
42. NIKE INC     2023-09-19
116. NIKE INC   2010-08-02 2023-09-19
4. NORFOLK SOUTHN CORP   2023-01-27 2023-09-19
37. NORFOLK SOUTHN CORP     2023-09-19
40. NORTHROP GRUMMAN CORP     2023-09-19
693. PG & E CORP     2023-09-19
58. PNC FINL SVCS GROUP INC     2023-09-19
9. PHILIP MORRIS INTERNATIONAL   2023-01-27 2023-09-19
192. PHILIP MORRIS INTERNATIONAL     2023-09-19
87. PROGRESSIVE CORP OHIO     2023-09-19
14. PUBLIC STORAGE INC   2023-04-26 2023-09-19
74. RTX CORP     2023-09-19
94. RTX CORP     2023-09-19
17. REGENERON PHARMACEUTICALS INC     2023-09-19
5. REGENERON PHARMACEUTICALS INC   2022-02-24 2023-09-19
2. S&P GLOBAL INC   2023-01-27 2023-09-19
14. SAIA INC   2023-09-06 2023-09-19
28. SALESFORCE.COM INC     2023-09-19
96. SEMPRA ENERGY   2023-02-17 2023-09-19
98. SEMPRA ENERGY   2016-01-07 2023-09-19
18. SERVICENOW INC     2023-09-19
20. SHERWIN WILLIAMS CO   2016-10-19 2023-09-19
99. STATE STR CORP     2023-09-19
13. TJX COS INC NEW     2023-09-19
71. TAKE-TWO INTERACTIVE SOFTWRE     2023-09-19
65. TC ENERGY CORP COM   2020-04-15 2023-09-19
13. TRACTOR SUPPLY CO   2023-02-17 2023-09-19
17. TRANSDIGM GROUP INC     2023-09-19
11. TRIMBLE NAV LTD     2023-09-19
22. UNION PAC CORP   2023-08-11 2023-09-19
196. STADA ARZNEIMITTEL AG     2023-09-19
60. UNITEDHEALTH GROUP INC   2009-11-03 2023-09-19
12. VISA INC CLASS A SHARES   2023-06-16 2023-09-19
250. VISA INC CLASS A SHARES     2023-09-19
193. WASTE CONNECTIONS INC   2016-06-01 2023-09-19
287. WELLS FARGO & CO NEW     2023-09-19
116. WELLS FARGO & CO NEW     2023-09-19
76. YUM BRANDS INC     2023-09-19
23. ZOETIS INC   2023-01-24 2023-09-19
67. AON PLC-CLASS A     2023-09-19
6. LINDE PLC   2023-01-27 2023-09-19
78. LINDE PLC     2023-09-19
56. CHUBB LTD   2011-06-20 2023-09-19
33. ASML HOLDING NV-NY REG SHS   2016-10-18 2023-09-19
45. BROADCOM INC     2023-09-20
13. DOLLAR GENERAL CORP   2023-07-24 2023-09-20
52. DOLLAR GENERAL CORP     2023-09-20
121. NOVO-NORDISK A S A/D/R   2019-02-26 2023-09-20
121. NOVO-NORDISK A S A/D/R     2023-09-26
1000. JPMORGAN BETABUILDERS CANADA     2023-11-20
4891.684 SIX CIRCLES US UNCONSTR EQ   2021-02-17 2023-11-20
7163.324 SIX CIRCLES INTL UNCON EQ   2020-12-16 2023-11-20
. WILLIS TOWERS WATSON PLC     2023-11-28
539. ISHARES TR S & P MIDCAP 400 INDEX FD     2023-12-13
1900. ISHARES TR 7-10 YR TREAS INDEX FD   2023-02-17 2023-12-14
1441. ISHARES TR 7-10 YR TREAS INDEX FD   2022-06-16 2023-12-14
550. ISHARES 3-7 YEAR TREASURY BO   2023-08-07 2023-12-14
(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 112     112
b 5,390   296 5,094
c 70,755   75,410 -4,655
d 354,245   280,686 73,559
e 115,722   131,920 -16,198
37,162   29,688 7,474
5,705   2,068 3,637
4,762   2,184 2,578
2,748   2,808 -60
3,739   2,612 1,127
2,476   2,460 16
3,959   1,977 1,982
5,083   3,867 1,216
2,965   2,388 577
4,897   269 4,628
2,210   728 1,482
280,000   220,512 59,488
1,014   831 183
3,093   3,446 -353
5,569   4,569 1,000
1,606   1,339 267
362   281 81
3,190   2,808 382
317   1,298 -981
603   1,910 -1,307
732   226 506
2,044   1,257 787
3,577   1,978 1,599
3,113   3,172 -59
6,870   4,794 2,076
7,124   7,575 -451
137,876   160,591 -22,715
3,581   4,046 -465
381   426 -45
3,052   3,219 -167
3,334   1,856 1,478
476   744 -268
175,000   205,880 -30,880
2,042   1,496 546
3,666   4,410 -744
2,400   1,678 722
9,401   3,884 5,517
614   725 -111
991   265 726
2,101   2,035 66
1,722   1,206 516
4,195   4,027 168
4,207   4,369 -162
5,190   2,270 2,920
1,095   792 303
3,385   3,139 246
5,815   2,678 3,137
133,418   132,592 826
48,187   56,095 -7,908
70,000   50,419 19,581
70,030   56,901 13,129
2,351   134 2,217
2,886   2,085 801
5,009   2,591 2,418
3,315   899 2,416
2,484   990 1,494
3,080   1,617 1,463
4,140   3,336 804
3,717   2,601 1,116
3,934   1,226 2,708
37,367   35,674 1,693
108,712   103,735 4,977
1,064   483 581
27,124   26,504 620
62,190   55,168 7,022
16,802   19,633 -2,831
6,557   6,822 -265
5,539   1,451 4,088
5,984   3,046 2,938
3,972   2,883 1,089
2,357   2,788 -431
7,252   2,323 4,929
4,258   1,164 3,094
1,653   1,086 567
3,471   3,149 322
1,488   749 739
1,306   659 647
7,244   1,852 5,392
3,519   899 2,620
224   81 143
2,791   2,513 278
5,473   2,588 2,885
706   1,523 -817
590   967 -377
3,371   2,672 699
4,835   4,927 -92
14,305   11,370 2,935
614   588 26
4,849   2,171 2,678
6,307   3,018 3,289
528   600 -72
5,953   4,083 1,870
33,226   1,529 31,697
10,679   2,830 7,849
1,526   1,431 95
9,921   5,141 4,780
5,889   5,555 334
5,117   4,884 233
11,368   6,717 4,651
4,830   3,507 1,323
37,207   721 36,486
824   673 151
4,409   4,218 191
1,666   1,569 97
13,060   7,966 5,094
3,670   2,962 708
1,588   1,933 -345
10,996   13,561 -2,565
5,571   6,170 -599
10,126   2,767 7,359
10,714   5,732 4,982
6,724   5,989 735
10,406   7,644 2,762
6,135   4,673 1,462
3,139   2,985 154
11,660   3,391 8,269
16,509   7,059 9,450
1,917   1,496 421
24,924   6,150 18,774
4,631   4,784 -153
22,156   4,442 17,714
9,179   8,977 202
22,886   7,189 15,697
784   682 102
15,387   6,306 9,081
7,662   7,880 -218
14,557   1,512 13,045
5,214   2,393 2,821
5,596   1,523 4,073
3,212   6,894 -3,682
3,327   5,876 -2,549
7,183   1,846 5,337
493   491 2
12,038   10,109 1,929
6,657   6,241 416
3,853   4,240 -387
783   850 -67
760   731 29
20,516   10,883 9,633
937   935 2
7,890   7,907 -17
4,496   5,303 -807
2,818   2,334 484
10,568   4,280 6,288
7,063   5,427 1,636
2,832   2,573 259
6,726   4,318 2,408
1,660   702 958
1,981   1,539 442
7,635   1,647 5,988
7,276   6,951 325
8,640   6,419 2,221
6,432   5,722 710
2,615   2,109 506
10,189   9,633 556
24,480   11,361 13,119
12,317   12,899 -582
7,745   8,424 -679
14,123   6,718 7,405
2,435   3,144 -709
3,798   3,897 -99
2,278   2,833 -555
4,556   3,772 784
1,149   724 425
17,806   2,674 15,132
3,593   3,381 212
5,944   5,674 270
10,703   3,429 7,274
52,826   7,093 45,733
5,122   5,313 -191
4,949   4,539 410
3,932   2,983 949
87,479   8,293 79,186
4,620   4,610 10
5,864   2,926 2,938
5,447   1,663 3,784
795   867 -72
8,467   2,552 5,915
4,466   3,687 779
3,983   4,051 -68
10,999   2,156 8,843
806   967 -161
7,455   5,555 1,900
17,487   8,067 9,420
12,078   11,139 939
7,186   7,248 -62
877   935 -58
18,717   12,001 6,716
12,362   10,810 1,552
3,788   4,057 -269
5,542   7,307 -1,765
7,039   6,965 74
14,190   12,656 1,534
4,173   3,007 1,166
778   734 44
5,481   6,032 -551
6,019   6,170 -151
7,076   7,614 -538
7,224   4,260 2,964
10,283   7,645 2,638
5,195   1,798 3,397
6,949   6,812 137
1,180   1,070 110
10,247   8,294 1,953
2,417   2,992 -575
2,731   3,105 -374
14,757   3,006 11,751
575   622 -47
4,652   5,062 -410
8,821   9,085 -264
28,811   1,614 27,197
2,918   2,748 170
60,784   12,014 48,770
27,278   4,067 23,211
12,361   12,038 323
4,996   5,038 -42
9,604   6,730 2,874
4,176   3,814 362
22,861   4,985 17,876
2,328   1,953 375
30,266   19,688 10,578
11,975   3,613 8,362
19,549   3,383 16,166
38,137   3,182 34,955
1,483   2,179 -696
5,930   9,987 -4,057
11,576   3,000 8,576
11,202   2,949 8,253
59,851   49,090 10,761
70,000   69,804 196
75,000   71,633 3,367
32     32
145,814   146,174 -360
181,878   182,359 -481
137,940   144,318 -6,378
64,090   63,246 844
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       112
b       5,094
c       -4,655
d       73,559
e       -16,198
      7,474
      3,637
      2,578
      -60
      1,127
      16
      1,982
      1,216
      577
      4,628
      1,482
      59,488
      183
      -353
      1,000
      267
      81
      382
      -981
      -1,307
      506
      787
      1,599
      -59
      2,076
      -451
      -22,715
      -465
      -45
      -167
      1,478
      -268
      -30,880
      546
      -744
      722
      5,517
      -111
      726
      66
      516
      168
      -162
      2,920
      303
      246
      3,137
      826
      -7,908
      19,581
      13,129
      2,217
      801
      2,418
      2,416
      1,494
      1,463
      804
      1,116
      2,708
      1,693
      4,977
      581
      620
      7,022
      -2,831
      -265
      4,088
      2,938
      1,089
      -431
      4,929
      3,094
      567
      322
      739
      647
      5,392
      2,620
      143
      278
      2,885
      -817
      -377
      699
      -92
      2,935
      26
      2,678
      3,289
      -72
      1,870
      31,697
      7,849
      95
      4,780
      334
      233
      4,651
      1,323
      36,486
      151
      191
      97
      5,094
      708
      -345
      -2,565
      -599
      7,359
      4,982
      735
      2,762
      1,462
      154
      8,269
      9,450
      421
      18,774
      -153
      17,714
      202
      15,697
      102
      9,081
      -218
      13,045
      2,821
      4,073
      -3,682
      -2,549
      5,337
      2
      1,929
      416
      -387
      -67
      29
      9,633
      2
      -17
      -807
      484
      6,288
      1,636
      259
      2,408
      958
      442
      5,988
      325
      2,221
      710
      506
      556
      13,119
      -582
      -679
      7,405
      -709
      -99
      -555
      784
      425
      15,132
      212
      270
      7,274
      45,733
      -191
      410
      949
      79,186
      10
      2,938
      3,784
      -72
      5,915
      779
      -68
      8,843
      -161
      1,900
      9,420
      939
      -62
      -58
      6,716
      1,552
      -269
      -1,765
      74
      1,534
      1,166
      44
      -551
      -151
      -538
      2,964
      2,638
      3,397
      137
      110
      1,953
      -575
      -374
      11,751
      -47
      -410
      -264
      27,197
      170
      48,770
      23,211
      323
      -42
      2,874
      362
      17,876
      375
      10,578
      8,362
      16,166
      34,955
      -696
      -4,057
      8,576
      8,253
      10,761
      196
      3,367
      32
      -360
      -481
      -6,378
      844
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 2 880,925
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 15,369
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 15,369
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,369
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 4,376
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,376
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 10,993
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (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 arrowCA
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 arrow  
14
The books are in care ofright arrowJP MORGAN CHASE BANK NA Telephone no.right arrow (800) 496-2583

Located atright arrow10 S DEARBORN ST MC IL 1-0111CHICAGOIL ZIP+4right arrow60603
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
JP MORGAN CHASE BANK N A TRUSTEE
2 		112,249    
10 S DEARBORN ST MC IL 1-0111
CHICAGO,IL60603
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
13,839,276
b
Average of monthly cash balances.......................
1b
359,621
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
14,198,897
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
14,198,897
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
212,983
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,985,914
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
699,296
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
699,296
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
15,369
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,369
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
683,927
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
683,927
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
683,927
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
806,278
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
806,278
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 7 683,927
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 65,441
b From 2019...... 68,475
c From 2020...... 47,137
d From 2021...... 0
e From 2022...... 104,654
f Total of lines 3a through e ........ 285,707
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 806,278
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 683,927
e Remaining amount distributed out of corpus 122,351
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 408,058
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		65,441
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		342,617
10 Analysis of line 9:
a Excess from 2019.... 68,475
b Excess from 2020.... 47,137
c Excess from 2021.... 0
d Excess from 2022.... 104,654
e Excess from 2023.... 122,351
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

TIMKEN MUSEUM OF ART

2550 5TH AVE STE 500
SAN DIEGO,CA921036624 		NONE PC GENERAL 766,199
Total .................................right arrow 3a 766,199
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 ........... 		         
4 Dividends and interest from securities ....     14 367,872  
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 ............ 		    18 880,925  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSTATE TAX REFUND 		    1 12  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,248,809  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,248,809
(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 InvestmentsCorpBondsSchedule
Name:
PUTNAM FOUNDATION TRUST XXXXX7002
EIN:
13-6037083
Name of Bond End of Year Book Value End of Year Fair Market Value
92203J308 VANGUARD TTL INTL BN 1,040,068 940,593
921937603 VANGUARD TTL BD MKT 332,912 308,786
83002G108 SIX CIRCLES ULTR SHR 161,388 160,009
83002G702 SIX CIRCLES GLOBAL B 2,144,773 1,881,985
83002G884 SIX CIRCLES CREDIT O 284,925 281,361
92206C771 VANGUARD MORTGAGE-BA 161,066 137,736
464287440 ISHARES 7-10 YEAR TR    
921937835 VANGUARD TOTAL BOND 347,173 337,006
92203J407 VANGUARD TOTAL INTL 343,823 323,143
92206C847 VANGUARD LONG-TERM T 150,717 152,410
92206C870 VANGUARD INT-TERM CO 298,068 299,354

TY 2023 InvestmentsCorpStockSchedule
Name:
PUTNAM FOUNDATION TRUST XXXXX7002
EIN:
13-6037083
Name of Stock End of Year Book Value End of Year Fair Market Value
166764100 CHEVRON CORP    
235851102 DANAHER CORP    
426281101 JACK HENRY & ASSOCIA    
571748102 MARSH & MCLENNAN COS    
594918104 MICROSOFT CORP    
609207105 MONDELEZ INTERNATION    
615369105 MOODY'S CORP    
641069406 NESTLE SA-SPONS ADR    
654106103 NIKE INC -CL B    
655844108 NORFOLK SOUTHERN COR    
666807102 NORTHROP GRUMMAN COR    
718172109 PHILIP MORRIS INTERN    
742718109 PROCTER & GAMBLE CO/    
816851109 SEMPRA ENERGY    
824348106 SHERWIN-WILLIAMS CO/    
882508104 TEXAS INSTRUMENTS IN    
893641100 TRANSDIGM GROUP INC    
988498101 YUM] BRANDS INC    
02079K107 ALPHABET INC-CL C    
12572Q105 CME GROUP INC    
16119P108 CHARTER COMMUNICATIO    
20030N101 COMCAST CORP-CLASS A    
20825C104 CONOCOPHILLIPS    
22822V101 CROWN CASTLE INC    
26875P101 EOG RESOURCES INC    
46625H100 JPMORGAN CHASE & CO    
91324P102 UNITEDHEALTH GROUP I    
92826C839 VISA INC-CLASS A SHA    
94106B101 WASTE CONNECTIONS IN    
H1467J104 CHUBB LTD    
N07059210 ASML HOLDING NV-NY R    
009279100 AIRBUS SE - UNSP ADR    
023135106 AMAZON.COM INC    
032654105 ANALOG DEVICES INC    
037833100 APPLE INC    
046353108 ASTRAZENECA PLC-SPON    
110448107 BRITISH AMERICAN TOB    
126408103 CSX CORP    
244199105 DEERE & CO    
37940X102 GLOBAL PAYMENTS INC    
380237107 GODADDY INC - CLASS    
43300A203 HILTON WORLDWIDE HOL    
440452100 HORMEL FOODS CORP    
444859102 HUMANA INC    
45866F104 INTERCONTINENTAL EXC    
532457108 ELI LILLY & CO    
857477103 STATE STREET CORP    
002824100 ABBOTT LABORATORIES    
169656105 CHIPOTLE MEXICAN GRI    
285512109 ELECTRONIC ARTS INC    
315911750 FIDELITY 500 INDEX F 2,983,404 4,054,036
631103108 NASDAQ INC    
11135F101 BROADCOM INC    
29444U700 EQUINIX INC    
55354G100 MSCI INC    
65339F101 NEXTERA ENERGY INC    
83002G306 SIX CIRCLES US UNCON 1,238,091 1,756,979
83002G405 SIX CIRCLES INTL UNC 811,853 947,800
G5494J103 LINDE PLC    
00724F101 ADOBE INC    
036752103 ELEVANCE HEALTH INC    
28176E108 EDWARDS LIFESCIENCES    
30161N101 EXELON CORP    
315911727 FIDELITY INTL INDX-I 407,994 438,760
518439104 ESTEE LAUDER COMPANI    
670100205 NOVO-NORDISK A/S-SPO    
81762P102 SERVICENOW INC    
00130H105 AES CORP    
031100100 AMETEK INC    
03524A108 ANHEUSER-BUSCH INBEV    
15135B101 CENTENE CORP    
237194105 DARDEN RESTAURANTS I    
33616C100 FIRST REPUBLIC BANK/    
363576109 ARTHUR J GALLAGHER &    
370334104 GENERAL MILLS INC    
422806109 HEICO CORP    
422806208 HEICO CORP-CLASS A    
438516106 HONEYWELL INTERNATIO    
482480100 KLA CORPORATION COM    
713448108 PEPSICO INC    
75513E101 RAYTHEON TECHNOLOGIE    
81181C104 SEAGEN INC    
87807B107 TC ENERGY CORP    
896522109 TRINITY INDUSTRIES I    
G0403H108 AON PLC-CLASS A    
14448C104 CARRIER GLOBAL CORP    
15189T107 CENTERPOINT ENERGY I    
256677105 DOLLAR GENERAL CORP    
29364G103 ENTERGY CORP    
45073V108 ITT INC    
46641Q191 JPMORGAN BETABUILDER 191,823 204,856
46641Q217 JPMORGAN BETABUILDER 343,203 396,894
46641Q225 JPMORGAN BETABUILDER 118,748 156,325
46641Q233 JPMORGAN BETABUILDER 191,169 199,129
512807108 LAM RESEARCH CORP    
67181A107 OAK STREET HEALTH IN    
00790R104 ADVANCED DRAINAGE SY    
03852U106 ARAMARK    
110122108 BRISTOL-MYERS SQUIBB    
21037T109 CONSTELLATION ENERGY    
281020107 EDISON INTERNATIONAL    
500754106 KRAFT HEINZ CO/THE    
521865204 LEAR CORP    
57636Q104 MASTERCARD INC - A    
69331C108 P G & E CORP    
717081103 PFIZER INC    
75886F107 REGENERON PHARMACEUT    
910047109 UNITED AIRLINES HOLD    
949746101 WELLS FARGO & CO    
G1110E107 BIOHAVEN LTD    
G46188101 HORIZON THERAPEUTICS    

TY 2023 InvestmentsOtherSchedule2
Name:
PUTNAM FOUNDATION TRUST XXXXX7002
EIN:
13-6037083
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HFGAPBWG9 JPM ACCESS MULTI-STR AT COST 668,440 638,485
HEBLAAAK6 BLACKSTONE PARTNERS AT COST 546,845 1,088,271

TY 2023 OtherDecreasesSchedule
Name:
PUTNAM FOUNDATION TRUST XXXXX7002
EIN:
13-6037083
Description Amount
2023 TRANSACTIONS POSTED IN 2024 1,010
RETURN OF CAPITAL ADJUSTMENT 349
MUTUAL FUND ADJUSTMENT 6


TY 2023 OtherExpensesSchedule
Name:
PUTNAM FOUNDATION TRUST XXXXX7002
EIN:
13-6037083
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 44 44   0


TY 2023 OtherIncomeSchedule2
Name:
PUTNAM FOUNDATION TRUST XXXXX7002
EIN:
13-6037083
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
STATE TAX REFUND 12 12  


TY 2023 OtherIncreasesSchedule
Name:
PUTNAM FOUNDATION TRUST XXXXX7002
EIN:
13-6037083
Description Amount
2022 TRANSACTIONS POSTED IN 2023 892
ROUNDING 3


TY 2023 OtherProfessionalFeesSchedule
Name:
PUTNAM FOUNDATION TRUST XXXXX7002
EIN:
13-6037083
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 8,301 8,301    


TY 2023 TaxesSchedule
Name:
PUTNAM FOUNDATION TRUST XXXXX7002
EIN:
13-6037083
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 331 331   0
STATE INCOME TAXES 35 35   0
FEDERAL TAX PAYMENT - PRIOR YE 3,382 0   0
FEDERAL ESTIMATES - INCOME 4,376 0   0
FOREIGN TAXES ON QUALIFIED FOR 5,994 5,994   0
FOREIGN TAXES ON NONQUALIFIED 1,079 1,079   0