TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
MARSHALL CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)2751 CENTERVILLE RD STE 400
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE19808

A Employer identification number

26-6034575

B Telephone number (see instructions)

(302) 657-8252

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$1,036,817J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	19,256		19,175
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		36,293
b	Gross sales price for all assets on line 6a 249,939
7	Capital gain net income (from Part IV, line 2)...			36,293
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).......	List of Attached Documents: // Content	6,400
12	Total. Add lines 1 through 11........	61,949		55,468
13	Compensation of officers, directors, trustees, etc.	5,048		3,786		1,262
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).......	List of Attached Documents: // Content	1,500	0	0	1,500
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	12,980	12,980		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,248	655		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).......	List of Attached Documents: // Content	151	113
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	20,927		17,534	0	2,762
25	Contributions, gifts, grants paid.......	46,316				46,316
26	Total expenses and disbursements. Add lines 24 and 25	67,243		17,534	0	49,078
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-5,294
b	Net investment income (if negative, enter -0-)			37,934
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	2,063	2,275	2,275
	2	Savings and temporary cash investments.........	34,157	25,854	25,854
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	881,103	List of Attached Documents: // Content 884,307	1,008,688
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	917,323	912,436	1,036,817
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	917,323	912,436
	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).....	917,323	912,436
	30	Total liabilities and net assets/fund balances (see instructions).	917,323	912,436

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

917,323

Enter amount from Part I, line 27a .....................

-5,294

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

407

Add lines 1, 2, and 3 ..........................

912,436

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

912,436

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	4. FMC CORP		2021-05-10	2023-01-10
b	32. PERFORMANCE FOOD GROUP		2022-01-11	2023-01-24
c	2. SHERWIN WILLIAMS CO COM		2022-08-23	2023-01-24
d	12000. UNITED STATES TREAS DTD 02/15/21 .125% 0		2021-03-17	2023-01-24
e	22. ARKEMA SA		2020-04-01	2023-01-30
	32. MICRON TECHNOLOGY INC COM		2020-08-28	2023-01-30
	7. QUALCOMM INC		2019-05-24	2023-01-30
	39. CHARLES SCHWAB CORP/THE		2021-09-09	2023-01-30
	23. TJX COS INC		2020-06-24	2023-01-30
	21. TEXAS INSTRUMENTS INC		2021-06-03	2023-01-30
	2. UNITEDHEALTH GROUP INC		2021-03-04	2023-01-30
	5. APTIV PLC SHS		2018-11-08	2023-01-30
	2. GOLDMAN SACHS GROUP INC		2020-10-16	2023-01-31
	4. HUMANA INC		2022-11-14	2023-01-31
	3. EATON CORP PLC		2019-07-05	2023-01-31
	7. BJS WHSL CLUB HLDGS INC COM		2022-03-15	2023-02-02
	12. ENVISTA HLDGS CORP COM		2020-03-30	2023-02-02
	2. WEX INC		2020-10-02	2023-02-02
	4. DOLBY LABORATORIES INC		2020-03-04	2023-02-06
	.5 PACCAR INC		2020-07-30	2023-02-08
	11000. UNITED STATES TREASURY NOTES		2021-03-17	2023-02-13
	11. NOVO NORDISK A S ADR		2012-02-16	2023-02-15
	87. CSX CORP COMMON STOCK		2020-10-16	2023-02-23
	17. EOG RESOURCES INC		2021-08-20	2023-02-23
	34. UBER TECHNOLOGIES INC COM		2020-03-30	2023-02-23
	2. AFFILIATED MANAGERS GROUP INC		2020-10-26	2023-02-27
	. COLUMBIA BANKING SYSTEM INC		2010-10-28	2023-03-12
	24. IAA INC COM		2021-03-02	2023-03-14
	75. CITIZENS FINANCIAL GROUP INC		2022-10-10	2023-03-23
	4. GOLDMAN SACHS GROUP INC		2022-04-26	2023-03-23
	1. GOLDMAN SACHS GROUP INC		2020-10-16	2023-03-23
	14. IAA INC COM		2022-02-18	2023-03-23
	6. NOVO NORDISK A S ADR		2012-05-04	2023-03-23
	7. PACKAGING CORP OF AMERICA		2021-08-05	2023-03-23
	21. NOVARTIS A G ADR		2020-03-30	2023-03-24
	71. SOFTBANK GROUP CORP		2021-12-17	2023-03-24
	8. WOODWARD INC		2020-12-21	2023-03-27
	11000. THE HOME DEPOT, INC. SR NT		2021-03-17	2023-04-01
	.35 RITCHIE BROS AUCTIONEERS INC		2019-12-04	2023-04-04
	5. EATON CORP PLC		2019-07-05	2023-04-05
	25. MAGNA INTERNATIONAL CL A		2020-03-30	2023-04-06
	7. RITCHIE BROS AUCTIONEERS INC		2022-02-18	2023-04-06
	55. CISCO SYS INC		2020-12-21	2023-04-17
	6. FMC CORP		2021-05-10	2023-04-17
	3. APTARGROUP INC		2009-09-15	2023-04-19
	7. AIA GROUP LTD		2017-10-19	2023-05-01
	12. ALLIANZ SE UNSPONSRD ADS		2011-03-01	2023-05-01
	3. AMETEK INC		2019-05-24	2023-05-01
	6. BRISTOL-MYERS SQUIBB CO		2021-11-22	2023-05-01
	3. CHEVRONTEXACO CORP		2019-07-19	2023-05-01
	2. EASTGROUP PROPERTIES INC (REIT)		2020-08-31	2023-05-01
	5. EDISON INTERNATIONAL		2020-08-04	2023-05-01
	4. GRACO INC		2009-09-15	2023-05-01
	1. HERSHEY CO/THE		2022-02-11	2023-05-01
	8. HEXCEL CORP		2020-04-14	2023-05-01
	5. NOVO NORDISK A S ADR		2012-05-04	2023-05-01
	4. ORIX CORP		2009-09-15	2023-05-01
	3. SEMPRA ENERGY		2019-04-30	2023-05-01
	9. VERIZON COMMUNICATIONS		2018-10-24	2023-05-01
	3. VMWARE INC		2021-01-27	2023-05-01
	4. WABTEC CORP		2022-01-21	2023-05-01
	1. LENNOX INTERNATIONAL INC		2017-07-05	2023-05-02
	9. EATON CORP PLC		2020-08-31	2023-05-03
	3. JONES LANG LASALLE INC		2020-03-30	2023-05-08
	5. PROSPERITY BANCSHARES INC		2018-10-26	2023-05-08
	4. RPM INTERNATIONAL INC		2018-10-31	2023-05-08
	8. ARAMARK		2019-09-25	2023-05-11
	1. WATERS CORP		2022-06-07	2023-05-18
	4. WATERS CORP		2021-12-22	2023-05-18
	11000. WELLS FARGO CO		2020-09-08	2023-05-25
	3. LITHIA MOTORS INC		2022-02-11	2023-05-26
	4. STIFEL FINANCIAL CORP		2022-07-18	2023-05-26
	16. STIFEL FINANCIAL CORP		2022-05-16	2023-05-26
	12. T-MOBILE US INC		2022-09-16	2023-05-26
	9. ARAMARK		2019-12-06	2023-06-05
	2. MANHATTAN ASSOCIATES INC		2019-10-07	2023-06-06
	2. WATERS CORP		2022-12-22	2023-06-09
	2. WATERS CORP		2022-06-07	2023-06-09
	46. TOTAL S A SPONSORED ADR		2022-03-25	2023-06-13
	36. BRITISH AMERICAN TOBACCO PLC		2020-03-30	2023-06-16
	6. ALPHABET INCORPORATION		2017-01-13	2023-06-30
	21. ALPHABET INCORPORATION		2022-07-27	2023-06-30
	12. WALT DISNEY CO		2020-03-03	2023-06-30
	3. EASTGROUP PROPERTIES INC (REIT)		2021-01-22	2023-06-30
	11. STIFEL FINANCIAL CORP		2022-07-18	2023-06-30
	10. VMWARE INC		2021-11-18	2023-06-30
	11000. SOUTHERN CO SR GLBL NT DTD 05/24/2016 2.		2021-03-17	2023-07-01
	19. COPART INC		2022-08-30	2023-07-03
	21. WALT DISNEY CO		2021-01-15	2023-07-03
	18. EOG RESOURCES INC		2021-08-20	2023-07-03
	32. MICRON TECHNOLOGY INC COM		2021-07-08	2023-07-03
	2. PAYCOM SOFTWARE INC COM		2022-02-18	2023-07-03
	51. SYSCO CORP		2021-08-06	2023-07-03
	33. VISA INC		2020-03-30	2023-07-03
	2. CARLISLE COS INC		2017-06-21	2023-07-12
	11. HEXCEL CORP		2020-04-14	2023-07-13
	2. HUNTINGTON INGALLS INDUSTRIES INC		2020-08-31	2023-07-13
	7. PACCAR INC		2020-07-30	2023-07-13
	6. TELEFLEX INC		2022-04-07	2023-07-13
	11. COPART INC		2023-01-24	2023-07-17
	11. ARCH CAPITAL GROUP LTD		2021-01-22	2023-07-17
	1. ADOBE SYS INC		2014-04-11	2023-07-21
	21. AMAZON.COM INC		2016-02-04	2023-07-21
	1. INTUIT INC		2018-12-12	2023-07-21
	20. TJX COS INC		2020-06-24	2023-07-21
	8. ZIMMER HOLDINGS INC		2022-03-15	2023-07-21
	2. ACUITY BRANDS INC		2017-05-05	2023-08-01
	16. BOSTON PROPERTIES INC (REIT)		2023-04-05	2023-08-09
	27. HALLIBURTON CO		2022-08-23	2023-08-09
	7. VMWARE INC		2021-11-18	2023-08-09
	2. BROADRIDGE FINANCIAL SOLUTIONS INC		2020-03-30	2023-08-11
	1. LENNOX INTERNATIONAL INC		2017-07-05	2023-08-11
	4. RPM INTERNATIONAL INC		2020-03-30	2023-08-11
	9000. US TREASURY NOTE 2.500% 08/15/23		2021-03-17	2023-08-15
	2. INTUITIVE SURGICAL INC		2019-01-28	2023-08-17
	10. APTIV PLC SHS		2020-03-30	2023-08-17
	22. ROYALTY PHARMA PLC CL A		2023-03-23	2023-08-17
	64. FANUC CORP		2020-03-30	2023-08-28
	23. BOSTON SCIENTIFIC CORP		2022-11-03	2023-08-30
	3. SHERWIN WILLIAMS CO COM		2022-12-22	2023-09-01
	2. SHERWIN WILLIAMS CO COM		2022-08-23	2023-09-01
	4. HALLIBURTON CO		2022-10-03	2023-09-07
	19. HALLIBURTON CO		2022-08-23	2023-09-07
	7. M&T BANK CORP		2021-09-09	2023-09-07
	12. BLACK KNIGHT INC COM		2022-03-02	2023-09-11
	68. KBC GROUP NV		2020-03-30	2023-09-12
	7. ILLUMINA INC		2023-02-23	2023-09-15
	10. QUALCOMM INC		2020-03-30	2023-09-15
	19. CANADIAN PACIFIC KANSAS CITY		2018-02-07	2023-09-18
	18. HASBRO INC		2022-11-14	2023-09-18
	47. ISHARES CHINA LARGE-CAP ETF		2022-06-10	2023-09-18
	85. VERIZON COMMUNICATIONS		2022-03-15	2023-09-18
	5. EOG RESOURCES INC		2021-09-09	2023-09-27
	3. EASTGROUP PROPERTIES INC (REIT)		2023-02-03	2023-09-27
	5. EASTGROUP PROPERTIES INC (REIT)		2021-01-22	2023-09-27
	12. HALLIBURTON CO		2022-10-03	2023-09-27
	4. KIRBY CORP		2020-10-02	2023-09-27
	1. ADOBE SYS INC		2014-04-11	2023-09-28
	10. AIR LIQUIDE SA		2021-12-17	2023-09-28
	14. ALPHABET INCORPORATION		2017-01-13	2023-09-28
	6. AMADEUS IT GROUP SA		2015-03-26	2023-09-28
	8. AMAZON.COM INC		2016-02-04	2023-09-28
	2. AMETEK INC		2019-05-24	2023-09-28
	6. APPLE COMPUTER INC		2022-04-29	2023-09-28
	2. ASHTEAD GROUP PLC		2018-09-18	2023-09-28
	29. ATLAS COPCO AB		2009-09-15	2023-09-28
	12. AXA SA		2013-08-13	2023-09-28
	5. BJS WHSL CLUB HLDGS INC COM		2022-03-15	2023-09-28
	4. WR BERKLEY CORP		2018-10-26	2023-09-28
	3. BOOZ ALLEN HAMILTON HOLDING CORP		2020-03-30	2023-09-28
	5. BRISTOL-MYERS SQUIBB CO		2021-11-22	2023-09-28
	13. CAPGEMINI SE		2015-09-15	2023-09-28
	1. CARLISLE COS INC		2020-05-07	2023-09-28
	12. COMPASS GROUP PLC		2021-04-14	2023-09-28
	3. CONOCOPHILLIPS COM		2021-09-09	2023-09-28
	5. DBS GROUP HOLDINGS LTD		2009-04-16	2023-09-28
	22. DEUTSCHE BOERSE AG		2020-11-09	2023-09-28
	13. DEUTSCHE TELEKOM AG		2022-04-18	2023-09-28
	3. DIAGEO PLC SPONSORED ADR NEW		2017-09-15	2023-09-28
	11. ENVISTA HLDGS CORP COM		2020-03-30	2023-09-28
	1. GARTNER GROUP INC NEW CL A		2020-07-29	2023-09-28
	5. GODADDY INC CL A		2021-12-16	2023-09-28
	2. HERSHEY CO/THE		2022-02-11	2023-09-28
	6. HEXCEL CORP		2020-04-16	2023-09-28
	3. HOYA CORP		2020-08-07	2023-09-28
	1. HUNTINGTON INGALLS INDUSTRIES INC		2020-08-31	2023-09-28
	7. IBERDROLA SA		2022-04-29	2023-09-28
	2. INTUIT INC		2018-12-12	2023-09-28
	2. INTUITIVE SURGICAL INC		2019-06-03	2023-09-28
	3. LVMH MOET HENNESSY LOUIS VUITTON SE		2020-02-28	2023-09-28
	1. LENNOX INTERNATIONAL INC		2017-07-05	2023-09-28
	1. LILLY ELI & CO		2023-04-04	2023-09-28
	4. MICROSOFT CORP		2017-08-17	2023-09-28
	5. NESTLE SA		2009-09-15	2023-09-28
	2. NICE SYSTEMS LTD ADR		2017-06-06	2023-09-28
	12. NIPPON T & T CORP ADR		2016-02-01	2023-09-28
	10. NOVO NORDISK A S ADR		2012-05-04	2023-09-28
	2. NVIDIA CORP COM		2022-04-29	2023-09-28
	1. PAYCOM SOFTWARE INC COM		2022-02-18	2023-09-28
	44. RECRUIT HOLDINGS CO LTD		2020-08-07	2023-09-28
	3. REINSURANCE GROUP OF AMERICA INC		2021-03-01	2023-09-28
	12. ROCHE HLDG LTD SPON ADR		2012-02-16	2023-09-28
	8. ROYAL DUTCH SHELL PLC SPON ADS		2011-10-31	2023-09-28
	2. SAP SE		2019-06-07	2023-09-28
	5. SONY CORP		2018-03-08	2023-09-28
	6. TJX COS INC		2020-08-28	2023-09-28
	8. TECHTRONIC INDUSTRIES CO LTD		2013-01-17	2023-09-28
	10. UBER TECHNOLOGIES INC COM		2020-03-30	2023-09-28
	1. UNITEDHEALTH GROUP INC		2021-03-04	2023-09-28
	1. VISA INC		2020-03-30	2023-09-28
	4. WABTEC CORP		2022-01-21	2023-09-28
	2. WAL MART STORES INC		2023-07-03	2023-09-28
	2. WASTE CONNECTIONS INC		2022-08-30	2023-09-28
	2. WEX INC		2020-10-02	2023-09-28
	2. ZOETIS INC		2023-01-24	2023-09-28
	3. APTIV PLC SHS		2020-03-30	2023-09-28
	.33 VERALTO CORP		2022-08-05	2023-10-02
	4. HERSHEY CO/THE		2022-02-15	2023-10-04
	9. NOVO NORDISK A S ADR		2012-05-04	2023-10-04
	7. INTUITIVE SURGICAL INC		2021-04-12	2023-10-13
	9. QUALCOMM INC		2021-10-04	2023-10-13
	1. VERALTO CORP		2023-01-17	2023-10-13
	1. VERALTO CORP		2022-08-05	2023-10-13
	17. LOGITECH INTL S A		2023-04-17	2023-10-25
	1. INTERCONTINENTAL EXCHANGE INC		2023-01-30	2023-10-27
	3. INTERCONTINENTAL EXCHANGE INC		2022-03-02	2023-10-27
	3. ACUITY BRANDS INC		2018-03-13	2023-11-06
	53. HEALTHPEAK PPTYS INC COM		2022-01-11	2023-11-06
	6. PAYCOM SOFTWARE INC COM		2022-02-18	2023-11-06
	1. GARTNER GROUP INC NEW CL A		2020-07-29	2023-11-07
	5. CONOCOPHILLIPS COM		2021-10-01	2023-11-09
	2. FTI CONSULTING INC		2022-10-20	2023-11-13
	1. MORNINGSTAR INC		2009-09-15	2023-11-13
	24. HALLIBURTON CO		2023-05-26	2023-12-06
	10. HALLIBURTON CO		2022-10-03	2023-12-06
	6. PACCAR INC		2020-07-30	2023-12-06
	4. TEXAS INSTRUMENTS INC		2021-06-03	2023-12-06
	15. UNILEVER PLC		2023-06-16	2023-12-12
	32. UNILEVER PLC		2022-06-14	2023-12-12
	13. ARCH CAPITAL GROUP LTD		2021-01-22	2023-12-13
	4.5 VESTIS CORP		2023-03-02	2023-12-15
	25.5 VESTIS CORP		2021-06-02	2023-12-15
	6. HUMANA INC		2023-09-22	2023-12-15
	20. ALCOA CORP COM		2023-04-05	2023-12-21
	30. COPART INC		2023-01-24	2023-12-21
	74. SHIMANO INC		2020-03-30	2023-12-22
	3. RPM INTERNATIONAL INC		2020-03-30	2023-12-28
	2. TELEFLEX INC		2022-04-07	2023-12-28
	1. ULTA SALON COSMETCS & FRAGRANCE INC		2020-04-08	2023-12-28
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	515	471	44
b	1,919	1,524	395
c	498	475	23
d	11,441	11,954	-513
e	2,199	1,948	251
	1,985	1,508	477
	914	465	449
	2,962	2,802	160
	1,873	1,125	748
	3,641	3,732	-91
	974	687	287
	551	403	148
	726	416	310
	2,032	2,134	-102
	486	245	241
	517	441	76
	511	180	331
	379	307	72
	337	277	60
	36	28	8
	10,961	10,960	1
	1,551	304	1,247
	2,661	2,301	360
	2,033	1,091	942
	1,164	922	242
	317	155	162

	966	1,169	-203
	2,249	2,731	-482
	1,256	1,261	-5
	314	208	106
	179	649	-470
	899	167	732
	912	970	-58
	1,754	1,140	614
	1,338	1,493	-155
	748	943	-195
	11,000	10,900	100
	20	23	-3
	785	409	376
	1,276	976	300
	395	398	-3
	2,759	2,512	247
	742	714	28
	356	110	246
	305	221	84
	298	175	123
	418	255	163
	412	344	68
	501	376	125
	325	268	57
	371	273	98
	322	38	284
	276	205	71
	575	255	320
	836	147	689
	340	141	199
	471	384	87
	348	436	-88
	381	438	-57
	393	361	32
	281	186	95
	1,565	817	748
	397	317	80
	303	341	-38
	323	246	77
	298	344	-46
	267	341	-74
	1,066	1,348	-282
	10,699	11,091	-392
	724	938	-214
	233	221	12
	930	991	-61
	1,619	1,686	-67
	360	387	-27
	369	170	199
	498	683	-185
	498	682	-184
	2,671	2,165	506
	1,184	1,631	-447
	728	242	486
	2,526	2,376	150
	1,073	1,593	-520
	515	419	96
	660	608	52
	1,456	1,307	149
	11,000	11,000
	1,706	1,142	564
	1,901	2,799	-898
	2,073	1,155	918
	2,035	1,894	141
	636	640	-4
	3,822	3,631	191
	7,824	3,266	4,558
	533	128	405
	849	350	499
	456	355	101
	602	394	208
	1,486	2,019	-533
	1,036	690	346
	886	368	518
	522	61	461
	2,740	229	2,511
	495	210	285
	1,713	1,030	683
	1,140	972	168
	332	369	-37
	1,087	839	248
	1,095	841	254
	1,099	844	255
	363	193	170
	372	186	186
	418	241	177
	9,000	9,047	-47
	580	333	247
	957	671	286
	644	763	-119
	900	1,156	-256
	1,254	956	298
	823	719	104
	549	475	74
	165	106	59
	782	592	190
	828	965	-137
	910	858	52
	2,119	2,077	42
	1,018	1,408	-390
	1,130	677	453
	1,501	505	996
	1,185	1,208	-23
	1,270	1,540	-270
	2,856	4,700	-1,844
	655	336	319
	501	510	-9
	834	699	135
	507	317	190
	334	146	188
	504	61	443
	336	313	23
	1,863	565	1,298
	364	254	110
	1,005	215	790
	298	170	128
	1,023	958	65
	495	248	247
	333	87	246
	358	283	75
	362	315	47
	261	131	130
	327	212	115
	291	287	4
	450	261	189
	260	115	145
	294	268	26
	368	167	201
	491	125	366
	379	351	28
	272	243	29
	450	406	44
	309	165	144
	346	127	219
	368	356	12
	402	410	-8
	396	188	208
	306	294	12
	205	151	54
	313	325	-12
	1,025	420	605
	591	320	271
	447	247	200
	381	186	195
	545	354	191
	1,253	291	962
	560	210	350
	338	161	177
	360	266	94
	916	147	769
	862	375	487
	258	320	-62
	268	299	-31
	440	381	59
	407	262	145
	525	548	-23
	256	259	-3
	414	257	157
	534	316	218
	383	79	304
	463	271	192
	510	336	174
	231	165	66
	430	361	69
	325	317	8
	272	279	-7
	387	284	103
	348	331	17
	296	151	145
	29	33	-4
	793	813	-20
	800	133	667
	1,899	1,327	572
	979	779	200
	72	94	-22
	72	98	-26
	1,306	1,004	302
	105	107	-2
	315	297	18
	509	452	57
	894	1,906	-1,012
	956	1,919	-963
	396	127	269
	571	292	279
	444	362	82
	266	44	222
	843	726	117
	351	264	87
	567	338	229
	625	748	-123
	712	779	-67
	1,519	1,387	132
	1,024	435	589
	88	91	-3
	499	366	133
	2,763	2,825	-62
	635	786	-151
	1,447	975	472
	1,142	1,141	1
	337	181	156
	499	688	-189
	486	200	286
			73
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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			44
b			395
c			23
d			-513
e			251
			477
			449
			160
			748
			-91
			287
			148
			310
			-102
			241
			76
			331
			72
			60
			8
			1
			1,247
			360
			942
			242
			162

			-203
			-482
			-5
			106
			-470
			732
			-58
			614
			-155
			-195
			100
			-3
			376
			300
			-3
			247
			28
			246
			84
			123
			163
			68
			125
			57
			98
			284
			71
			320
			689
			199
			87
			-88
			-57
			32
			95
			748
			80
			-38
			77
			-46
			-74
			-282
			-392
			-214
			12
			-61
			-67
			-27
			199
			-185
			-184
			506
			-447
			486
			150
			-520
			96
			52
			149

			564
			-898
			918
			141
			-4
			191
			4,558
			405
			499
			101
			208
			-533
			346
			518
			461
			2,511
			285
			683
			168
			-37
			248
			254
			255
			170
			186
			177
			-47
			247
			286
			-119
			-256
			298
			104
			74
			59
			190
			-137
			52
			42
			-390
			453
			996
			-23
			-270
			-1,844
			319
			-9
			135
			190
			188
			443
			23
			1,298
			110
			790
			128
			65
			247
			246
			75
			47
			130
			115
			4
			189
			145
			26
			201
			366
			28
			29
			44
			144
			219
			12
			-8
			208
			12
			54
			-12
			605
			271
			200
			195
			191
			962
			350
			177
			94
			769
			487
			-62
			-31
			59
			145
			-23
			-3
			157
			218
			304
			192
			174
			66
			69
			8
			-7
			103
			17
			145
			-4
			-20
			667
			572
			200
			-22
			-26
			302
			-2
			18
			57
			-1,012
			-963
			269
			279
			82
			222
			117
			87
			229
			-123
			-67
			132
			589
			-3
			133
			-62
			-151
			472
			1
			156
			-189
			286

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	36,293
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	527
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	527
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	527
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	593
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	593
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	66
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax66	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

ARDEN TRUST COMPANY Telephone no. right arrow

(302) 657-8252

Located at right arrow

2751 CENTERVILLE RD STE 400WILMINGTONDE ZIP+4 right arrow

19808

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
ARDEN TRUST COMPANY	TRUSTEE 1	5,048
2751 CENTERVILLE RD STE 400 WILMINGTON,DE19808	TRUSTEE 1	5,048

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...................				0

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

965,464

Average of monthly cash balances.......................

47,006

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,012,470

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,012,470

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

15,187

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

997,283

Minimum investment return. Enter 5% (0.05) of line 5................

49,864

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.)

Minimum investment return from Part IX, line 6..................

49,864

Tax on investment income for 2022 from Part V, line 5.......

527

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

527

Distributable amount before adjustments. Subtract line 2c from line 1............

49,337

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

49,337

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

49,337

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

49,078

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

49,078

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					49,337
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				46,315
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	0
b From 2019......	0
c From 2020......	0
d From 2021......	0
e From 2022......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 49,078
a Applied to 2022, but not more than line 2a				46,315
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.....					2,763
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			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 ..........					46,574
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....	0
b Excess from 2020....	0
c Excess from 2021....	0
d Excess from 2022....	0
e Excess from 2023....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CARSON NEWMAN UNIVERSITY ATTN TREASURER'S OFFICE TREASURERS OFFICE JEFFERSON CITY,TN37760	NONE	PC	GENERAL OPERATING	41,684
OAK GROVE BAPTIST CHURCH OAK GROVE BAPTIST CHURCH 311 CYP MT CARMEL,TN37645	NONE	PC	GENERAL OPERATING	4,632
Total ................................. 3a				46,316

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	19,256
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	36,293
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	6,400
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				61,949

13Total. Add line 12, columns (b), (d), and (e)..................

61,949

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category	Amount	Net Investment Income
FOREIGN TAXES	655	655
FEDERAL ESTIMATES - PRINCIPAL	593	0
FOREIGN TAXES ON NONQUALIFIED		0

Description	Amount
PURCHASE OF ACCRUED INTEREST	323
PENDING SALES	71
COST BASIS ADJUSTMENT	13