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
THE MARSHALL FUND 7522-XXXXXX00227
 
Number and street (or P.O. box number if mail is not delivered to street address)45 SCHOOL ST 5TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021083204
A Employer identification number

02-0467589
B Telephone number (see instructions)

(617) 523-1635
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$4,118,363J 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) 103,917
2 Check right arrow.............
3 Interest on savings and temporary cash investments 11,050 11,050  
4 Dividends and interest from securities... 43,966 43,831  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 763,423
b Gross sales price for all assets on line 6a 2,928,735
7 Capital gain net income (from Part IV, line 2)... 763,423
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).......      
12 Total. Add lines 1 through 11........ 922,356 818,304  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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)....... Click to see attachment
List of Attached Documents:
// Content
3,500 0 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
26,398 26,398   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
9,740 760   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
75      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 39,713 27,158 0 0
25 Contributions, gifts, grants paid....... 179,500 179,500
26 Total expenses and disbursements. Add lines 24 and 25 219,213 27,158 0 179,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 703,143
b Net investment income (if negative, enter -0-) 791,146
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,120 76 76
2 Savings and temporary cash investments......... 95,254 363,444 363,444
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)....... 2,332,340 Click to see attachment
List of Attached Documents:
// Content
2,759,644 		3,754,843
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
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) 2,429,714 3,123,164 4,118,363
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........ 2,429,714 3,123,164
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)..... 2,429,714 3,123,164
30 Total liabilities and net assets/fund balances (see instructions). 2,429,714 3,123,164
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
2,429,714
2
Enter amount from Part I, line 27a .....................
2
703,143
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
243
4
Add lines 1, 2, and 3 ..........................
4
3,133,100
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
9,936
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,123,164
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 12. ACTIVISION BLIZZARD INC   2023-05-11 2023-08-16
b 500. ACTIVISION BLIZZARD INC   2023-05-11 2023-10-13
c 92. ALLEGHENY TECHNOLOGIES INC   2022-06-28 2023-08-16
d 229. ALLEGHENY TECHNOLOGIES INC   2022-12-16 2023-11-03
e 771. ALLEGHENY TECHNOLOGIES INC   2022-06-28 2023-11-03
117. ALPHABET INC CAP STK CL A   2022-03-23 2023-08-16
383. AMERICAN TOWER CORP   2021-10-20 2023-08-16
10. ANALOG DEVICES INC   2021-05-26 2023-03-27
15. ANALOG DEVICES INC   2021-05-26 2023-08-16
142. APPLE COMPUTER INC   2010-08-23 2023-03-27
22. APPLE COMPUTER INC   2010-08-23 2023-08-16
1100. BJS WHSL CLUB HLDGS INC COM   2021-01-20 2023-08-16
259. BLUEPRINT MEDICINES CORP COM   2023-01-18 2023-08-16
361. BLUEPRINT MEDICINES CORP COM   2020-05-20 2023-08-16
311. BOSTON SCIENTIFIC CORP     2023-04-11
89. BOSTON SCIENTIFIC CORP   2021-01-13 2023-08-16
1100. BOSTON SCIENTIFIC CORP   2021-01-13 2023-11-03
63. CNX RESOURCES CORP COM   2021-07-14 2023-08-16
2500. CNX RESOURCES CORP COM   2021-07-14 2023-12-12
158. CHART INDUSTRIES INC   2023-04-13 2023-08-16
383. CHART INDUSTRIES INC   2021-10-21 2023-08-16
86. CHENIERE ENERGY INC NEW   2021-08-11 2023-03-02
14. CHENIERE ENERGY INC NEW   2021-08-11 2023-08-16
325. CIVITAS RESOURCES INC COM NEW   2021-12-20 2023-04-11
553. CIVITAS RESOURCES INC COM NEW   2021-12-20 2023-08-16
203. DESCARTES SYSTEMS GROUP INC     2023-04-11
750. DESCARTES SYSTEMS GROUP INC   2022-06-29 2023-08-16
355. ELECTRONIC ARTS INC   2021-04-21 2023-08-16
223. ENPHASE ENERGY INC COM   2021-04-09 2023-08-16
1134. ENVISTA HLDGS CORP COM   2021-07-19 2023-08-16
1583. FOCUS FINL PARTNERS INC COM CL A   2022-07-27 2023-08-16
26. FORTIVE CORP COM   2020-10-21 2023-08-16
950. FORTIVE CORP COM   2022-08-31 2023-12-12
673. FOX FACTORY HLDG CORP COM   2022-07-27 2023-08-16
755. HANNON ARMSTRONG SUST INFR CAP COM   2022-08-31 2023-08-16
1600. HANNON ARMSTRONG SUST INFR CAP COM   2021-04-14 2023-08-16
1000. HEALTHEQUITY INC COM   2021-11-08 2023-08-16
15. ILLINOIS TOOL WKS INC   2014-02-11 2023-08-16
6. INNOVATIVE INDL PPTYS INC COM   2023-01-18 2023-02-28
144. INNOVATIVE INDL PPTYS INC COM     2023-02-28
222. ISHARES MSCI MEXICO CAPPED ETF   2021-09-22 2023-03-27
680. ISHARES MSCI MEXICO CAPPED ETF   2021-09-24 2023-08-16
550. ISHARES RUSSELL 2000 VALUE (MKT)   2022-11-30 2023-08-16
2101. ISHARES MSCI INDONESIA (MKT)   2021-09-15 2023-08-16
996. ISHARES MSCI INDIA (ETF)   2021-07-28 2023-08-16
2. J P MORGAN CHASE & CO   2023-05-10 2023-08-16
86. MALIBU BOATS INC COM CL A   2023-04-19 2023-08-16
1000. MALIBU BOATS INC COM CL A   2020-01-15 2023-08-16
52. MASCO CORP   2020-02-19 2023-08-16
252. MASCO CORP   2023-05-24 2023-11-03
848. MASCO CORP   2020-02-19 2023-11-03
3. MASTERCARD INC CLASS A   2021-01-20 2023-08-16
50. MCDONALDS CORP     2023-04-14
11. MCDONALDS CORP   2020-01-08 2023-08-16
200. MCDONALDS CORP   2020-07-08 2023-11-03
73. MICROSOFT CORP   2014-01-22 2023-03-27
15. MICROSOFT CORP   2014-01-22 2023-08-16
547. NIKE CORP   2022-08-03 2023-08-16
10. NORTHROP GRUMMAN CORP   2022-11-16 2023-08-16
74. NORTHROP GRUMMAN CORP   2021-09-23 2023-08-16
2600. ONEWATER MARINE INC CL A COM   2022-06-30 2023-08-16
82. PALO ALTO NETWORKS INC COM     2023-03-27
5. PALO ALTO NETWORKS INC COM   2021-06-08 2023-08-16
593. PALOMAR HLDGS INC COM   2023-03-22 2023-08-16
500. PALOMAR HLDGS INC COM   2021-07-08 2023-08-16
1000. PATRICK INDS INC   2022-08-26 2023-11-03
791. PFIZER INC   2022-05-31 2023-08-16
364. PULTE CORP     2023-03-27
31. PULTE CORP   2021-01-20 2023-08-16
1000. PULTE CORP   2021-01-28 2023-11-03
360. RAYMOND JAMES FINANCIAL INC   2020-08-13 2023-08-16
415. RTX CORPORATION COM   2022-06-28 2023-08-16
104. REPLIGEN CORP   2023-04-13 2023-08-16
250. REPLIGEN CORP   2021-03-31 2023-08-16
279. SPDR GOLD SHARES (MKT)   2021-10-27 2023-08-16
2017. ENERGY SELECT SECTOR SPDR FUND   2021-09-28 2023-08-16
3056. SECURE ENERGY SVCS INC COM     2023-02-28
1700. SECURE ENERGY SVCS INC COM   2021-12-15 2023-03-01
1608. SECURE ENERGY SVCS INC COM   2023-03-09 2023-08-16
6244. SECURE ENERGY SVCS INC COM   2021-12-15 2023-08-16
723. SONOS INC COM   2022-11-09 2023-08-16
1174. SONOS INC COM   2022-04-06 2023-08-16
200. SPIRIT AEROSYSTEMS HOLDINGS INC CL A   2022-03-01 2023-08-16
436. SPLUNK INC   2023-01-05 2023-08-16
200. SPLUNK INC   2017-02-06 2023-08-16
3. UNITEDHEALTH GROUP INC   2022-04-27 2023-08-16
19. VERALTO CORP COM SHS   2023-08-16 2023-11-03
81. VERALTO CORP COM SHS   2012-01-05 2023-11-03
241. WASTE MANAGEMENT INC (NEW)   2020-06-17 2023-08-16
1191. WELLS FARGO & CO   2022-08-03 2023-08-16
289. STERIS PLC SHS USD   2019-12-18 2023-08-16
. CHARLES SCHWAB DIV     2023-12-31
. CHARLES SCHWAB DIV     2023-12-31
. CHARLES SCHWAB DIV     2023-12-31
. CHARLES SCHWAB DIV     2023-12-31
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 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,092   925 167
b 47,500   38,528 8,972
c 3,976   2,178 1,798
d 9,361   6,603 2,758
e 31,517   18,252 13,265
15,085   16,236 -1,151
70,653   61,502 9,151
1,849   1,632 217
2,684   2,447 237
22,508   1,262 21,246
3,897   195 3,702
76,909   28,637 48,272
13,312   12,397 915
18,555   18,745 -190
15,757   11,616 4,141
4,602   3,181 1,421
57,817   29,005 28,812
1,380   845 535
48,451   33,550 14,901
25,751   20,065 5,686
62,422   57,534 4,888
13,696   7,487 6,209
2,274   1,219 1,055
23,652   15,534 8,118
43,513   26,432 17,081
16,265   8,757 7,508
54,572   23,316 31,256
43,046   40,664 2,382
30,000   33,224 -3,224
37,400   45,360 -7,960
82,880   50,247 32,633
2,056   1,718 338
67,557   51,208 16,349
73,632   26,538 47,094
17,687   29,711 -12,024
37,482   15,907 21,575
68,711   59,271 9,440
3,593   1,183 2,410
527   683 -156
12,643   12,032 611
12,756   11,004 1,752
42,454   33,687 8,767
79,771   76,499 3,272
47,989   39,788 8,201
43,278   42,523 755
301   274 27
4,742   4,845 -103
55,134   25,132 30,002
3,077   2,387 690
13,902   12,853 1,049
46,781   29,129 17,652
1,181   1,007 174
14,264   10,404 3,860
3,169   2,260 909
53,388   34,147 19,241
20,197   2,637 17,560
4,802   542 4,260
58,775   34,245 24,530
4,228   4,998 -770
31,288   26,080 5,208
70,760   50,976 19,784
15,810   9,691 6,119
1,073   591 482
32,275   32,911 -636
27,214   19,132 8,082
80,240   49,688 30,552
27,670   42,064 -14,394
20,565   16,405 4,160
2,607   1,385 1,222
83,311   44,557 38,754
37,909   20,298 17,611
35,492   40,069 -4,577
17,817   19,602 -1,785
42,828   19,296 23,532
49,296   48,364 932
178,212   106,689 71,523
19,191   11,542 7,649
10,732   6,420 4,312
8,169   8,165 4
31,720   23,582 8,138
10,271   11,326 -1,055
16,679   16,939 -260
4,313   9,045 -4,732
42,361   37,812 4,549
19,432   11,991 7,441
1,526   1,538 -12
1,336   1,685 -349
5,696   1,072 4,624
38,378   27,124 11,254
50,740   61,162 -10,422
66,388   21,954 44,434
24,278   14,342 9,936
88,122   83,238 4,884
38,423   57,174 -18,751
19,771   27,216 -7,445
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
      389
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       167
b       8,972
c       1,798
d       2,758
e       13,265
      -1,151
      9,151
      217
      237
      21,246
      3,702
      48,272
      915
      -190
      4,141
      1,421
      28,812
      535
      14,901
      5,686
      4,888
      6,209
      1,055
      8,118
      17,081
      7,508
      31,256
      2,382
      -3,224
      -7,960
      32,633
      338
      16,349
      47,094
      -12,024
      21,575
      9,440
      2,410
      -156
      611
      1,752
      8,767
      3,272
      8,201
      755
      27
      -103
      30,002
      690
      1,049
      17,652
      174
      3,860
      909
      19,241
      17,560
      4,260
      24,530
      -770
      5,208
      19,784
      6,119
      482
      -636
      8,082
      30,552
      -14,394
      4,160
      1,222
      38,754
      17,611
      -4,577
      -1,785
      23,532
      932
      71,523
      7,649
      4,312
      4
      8,138
      -1,055
      -260
      -4,732
      4,549
      7,441
      -12
      -349
      4,624
      11,254
      -10,422
      44,434
      9,936
      4,884
      -18,751
      -7,445
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 763,423
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 10,997
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 10,997
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 10,997
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,980
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 8,980
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,017
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 arrowNH
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowWELCH AND FORBES Telephone no.right arrow (617) 523-1635

Located atright arrow45 SCHOOL STREET 5TH FLBOSTONMA ZIP+4right arrow02108
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
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
PAMELA B FRENCH TRUSTEE
2 		0    
1405 BUCK MOUNTAIN ROAD
EARLYSVILLE,VA22936
BRENTON L FRENCH TRUSTEE
2 		0    
1405 BUCK MOUNTAIN ROAD
EARLYSVILLE,VA22936
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
3,678,196
b
Average of monthly cash balances.......................
1b
241,651
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,919,847
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
3,919,847
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
58,798
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,861,049
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
193,052
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
193,052
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
10,997
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,997
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
182,055
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
182,055
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
182,055
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
179,500
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
179,500
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 7 182,055
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 126,876
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: right arrow$ 179,500
a Applied to 2022, but not more than line 2a 126,876
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..... 52,624
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 .......... 		129,431
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)
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

AMERICAN FARMLAND TRUST

1150 CONNECTICUT AVENUE SUITE 600
WASHINGTON,DC20036 		N/A PUBLIC CHARITY GENERAL SUPPORT 4,000

BOCA GRANDE HISTORICAL SOCIETY

PO BOX 553
BOCA GRANDE,FL33921 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

BOYS AND GIRLS CLUB CHARLOTTESVILLE

PO BOX 707
CHARLOTTESVILLE,VA22902 		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000

BUILDING GOODNESS FOUNDATION

PO BOX 4325
CHARLOTTESVILLE,VA22902 		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000

CACF ALEXANDRA SUMMERS FUND

PO BOX 1767
CHARLOTTESVILLE,VA22902 		N/A PUBLIC CHARITY GENERAL SUPPORT 4,000

CAMP HOLIDAY TRAILS

400 HOLIDAY TRAILS LN
CHARLOTTESVILLE,VA22903 		N/A PUBLIC CHARITY GENERAL SUPPORT 4,000

CANINE ASSISTANTS

3160 FRANCIS ROAD
MILTON,GA30004 		N/A PUBLIC CHARITY GENERAL SUPPORT 3,000

CART

5924 FRIED FARM LANE
CROZET,VA22932 		N/A PUBLIC CHARITY GENERAL SUPPORT 3,000

CHATTESVILLE ALBEMARIE RESCUE SQUAD

PO BOX 160
CHARLOTTESVILLE,VA22902 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

CHARLOTTESVILLE ALBEMARIE SPCA

PO BOX 7047
CHARLOTTESVILLE,VA22906 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

NORTH BAY ADVENTURE

11 HORSESHOE POINT LANE
NORTH EAST,MD21901 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

DANA HALL SCHOOL

PO BOX 9010
WELLESLEY,MA02482 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

EARLYSVILLE FIRE DEPARTMENT

283 REAS FORD RD
EARLYSVILLE,VA22936 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

EQUINE LAND CONSERVATION RESOURCE

4037 IRON WORKS PARKWAY 120
LEXINGTON,KY40511 		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000

FFA

PO BOX 68960
INDIANAPOLIS,IN46268 		N/A PUBLIC CHARITY GENERAL SUPPORT 4,000

FORTHRIGHT LEGAL

2340 COMMONWEALTH DRIVE STE 206
CHARLOTTESVILLE,VA22901 		N/A PUBLIC CHARITY GENERAL SUPPORT 3,000

FOXFIELD RACES LLC FOUNDERS CIRCLE

PO BOX 4606
CHARLOTTESVILLE,VA22905 		N/A PUBLIC CHARITY GENERAL SUPPORT 12,500

GARY SINISE FOUNDATION

PO BOX 368
WOODLAND HILLS,CA91365 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

GENTLE GIANTS DRAFT HORSE RESCUE

PO BOX 906
FREDERICK,MD21705 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

GMHA

PO BOX 8
SOUTH WOODSTOCK,VT05071 		N/A PUBLIC CHARITY GENERAL SUPPORT 4,000

HABITAT FOR HUMANITY

919 WEST MAIN STREET
CHARLOTTESVILLE,VA22903 		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000

HIVES FOR HEROS

PO BOX 10467
HOUSTON,TX77206 		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000

HOPE'S LEGACY

5145 TAYLOR CREEK ROAD
AFTON,GA22920 		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000

HOOF N WOOF 4H CLUB

PO BOX 114
FREE UNION,VA22940 		N/A PUBLIC CHARITY GENERAL SUPPORT 3,000

HOSPICE OF PIEDMONT

675 PETER FEFFERSON PARKWAY
CHARLOTTESVILLE,VA22911 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

ISLAND DOG RESCUE

2424 LONDON BRIDGE ROAD
VIRGINIA BEACH,VA23456 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

IVY CREEK FOUNDATION

PO BOX 956
CHARLOTTESVILLE,VA22902 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

IXTATAN FOUNDATION

2771 OLD LYNCHBURG ROAD
NORTH GARDEN,VA22959 		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000

LOCAL FOOD HUB

PO BOX 4647
CHARLOTTESVILLE,VA22905 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

LONESOME DOVE EQUESTRIAN CENTER

6137 OLD BUCKINGHAM ROAD
POWHATAN,VA23139 		N/A PUBLIC CHARITY GENERAL SUPPORT 7,000

LUNDALE FARM

PO BOX 673
KIMBERTON,PA19442 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

MISTY MEADOWS THERAPEUTIC RIDING

55 MISTY MEADOWS LANE
WEST TISBURY,MA02575 		N/A PUBLIC CHARITY GENERAL SUPPORT 3,000

MONTPELIER FOUNDATION

PO BOX 911
ORANGE,VA22960 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

MORVEN PARK

PO BOX 6228
LEESBURG,VA20178 		N/A PUBLIC CHARITY GENERAL SUPPORT 3,000

NATIONAL YOUNG FARMERS COALITION

PO BOX 1074
HUDSON,NY12534 		N/A PUBLIC CHARITY GENERAL SUPPORT 3,000

ONE LOVE FOUNDATION

46 PONDFIELD ROAD
BRONXVILLE,NY10708 		N/A PUBLIC CHARITY GENERAL SUPPORT 4,000

ONE SKY FOUNDATION

1832 SECOND STREET SUITE K
BERKLEY,CA94710 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,500

PHILLIPS ACADEMY ANDOVER

180 MAIN STREET
ANDOVER,MA01810 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

PIEDMONT CASA

818 E HIGH STREET
CHARLOTTESVILLE,VA22902 		N/A PUBLIC CHARITY GENERAL SUPPORT 4,000

PIEDMONT ENVIRONMETAL COUNCIL

PO BOX 460
WARRENTON,VA20188 		N/A PUBLIC CHARITY GENERAL SUPPORT 4,000

ROLLINS COLLEGE

PO BOX 864168
ORLANDO,FL32886 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

RONALD MACDONALD HOUSE

300 9TH ST SW
CHARLOTTESVILLE,VA22903 		N/A PUBLIC CHARITY GENERAL SUPPORT 4,000

ROOM TO READ

465 CALIFORNIA ST SUITE 1000
SAN FRANCISCO,CA94104 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

SALVAGE USA

4965 ATHENS BOULEVARD
VIRGINIA BEACH,VA23455 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

SERVICE DOGS OF VA

PO BOX 408
CHARLOTTESVILLE,VA22902 		N/A PUBLIC CHARITY GENERAL SUPPORT 3,000

SHELTER FOR HELP IN EMERGENCY

1415 SACHEM PLACE
CHARLOTTESVILLE,VA22901 		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000

THE PIKE SCHOOL

34 SUNSET ROCK ROAD
ANDOVER,MA01810 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

USO

PO BOX 96860
WASHINGTON,DC20077 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

UVA TEEN HEALTH CENTER

PO BOX 800402
CHARLOTTESVILLE,VA22908 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

UVA WOMAN'S CENTER

PO BOX 800588
CHARLOTTESVILLE,VA22908 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

VIRGINIA HORSE CENTER

487 MAURY RIVER ROAD
LEXINGTON,VA24450 		N/A PUBLIC CHARITY GENERAL SUPPORT 5,000

WINDRUSH FARM THERAPEUTIC RIDING

479 LACY STREET
NORTH ANDOVER,MA01845 		N/A PUBLIC CHARITY GENERAL SUPPORT 8,000

WORLD CENTRAL KITCHEN

200 MASS AVE NW 7TH FL
WASHINGTON,DC20001 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

SOUTHERN FOODWAYS ALLIANCE

PO BOX 1848
UINIVERSITY,MO38677 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,500

HAMPTON WILDLIFE FUND

PO BOX 2641
COLUMBIA,SC29202 		N/A PUBLIC CHARITY GENERAL SUPPORT 2,000

SHELDRICK WILDLIFE TRUST USA

25283 CABOT RD SUITE 101
LAGUNA HILLS,CA92653 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

ST JOHNS RIVERKEEPERS

2800 UNIVERSITY BLVD
N JACKSONVILLE,FL32211 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

STORYBROOK FARM

300 CUSSETA ROAD
OPELIKA,AL36801 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

HITCHCOCK WOODS FOUNDATION

PO BOX 1702
AIKEN,SC29802 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000

GEORGIA ALABAMA LAND TRUST

226 OLD LADIGA ROAD
PIEDMONT,AL36272 		N/A PUBLIC CHARITY GENERAL SUPPORT 1,000
Total .................................right arrow 3a 179,500
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 11,050  
4 Dividends and interest from securities ....     14 43,966  
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 ............ 		    18 763,423  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   818,439  
13Total. Add line 12, columns (b), (d), and (e)..................
13
818,439
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE MARSHALL FUND 7522-XXXXXX00227
 
Employer identification number

02-0467589
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE MARSHALL FUND 7522-XXXXXX00227
  		Employer identification number
02-0467589
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
FRENCH 2014 CHARITABLE LEAD TRUST
 
NWB CAPITAL LLC
211 CONGRESS ST STE 901
BOSTON, MA02110

$ 103,917


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE MARSHALL FUND 7522-XXXXXX00227
  		Employer identification number

02-0467589
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE MARSHALL FUND 7522-XXXXXX00227
  		Employer identification number

02-0467589
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE MARSHALL FUND 7522-XXXXXX00227
EIN:
02-0467589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 3,500      

TY 2023 InvestmentsCorpStockSchedule
Name:
THE MARSHALL FUND 7522-XXXXXX00227
EIN:
02-0467589
Name of Stock End of Year Book Value End of Year Fair Market Value
130 SHS ADOBE SYSTEMS INC 67,459 77,558
1,575 SHS ALPHABET INC CL A 82,594 220,012
500 SHS AMAZON COM INC 68,403 75,970
450 SHS ANALOG DEVICES INC 41,740 89,352
275 SHS ANSYS INC 80,980 99,792
875 SHS APPLES INC 25,939 168,464
1,500 SHS BALL CORP 81,933 86,280
25 SHS BOOKINGS HLDGS INC 77,848 88,681
1,000 SHS CARMAX INC 81,565 76,740
300 SHS CHENIERE ENERGY INC 26,117 51,213
750 SHS CHURCH & DWIGHT INC 63,834 70,920
140 SHS CINTAS CORP 68,991 84,372
125 SHS COSTCO WHOLESALE CORP 69,867 82,510
300 SHS DANAHER CORP 20,890 69,402
425 SHS ECOLAB INC 77,062 84,299
575 SHS FISERV INC 70,630 76,383
310 SHS GALLAGHER BARTHUR J & 70,050 69,713
250 SHS HOME DEPOT INC 82,487 86,638
175 SHS IDEXX LABORATORIES INC 86,108 97,134
ILLINOIS TOOL WORKS INC 32,807 85,131
575 SHS JP MORGAN CHASE & CO 78,805 97,805
400 SHS LANCASTER COLONY CORP 67,860 66,556
125 SHS ELI LILLY & CO 72,713 72,865
400 SHS LINCOLN ELECTRIC HLDS 76,010 86,984
125 SHS MASTERCARD CL A 38,993 53,314
75 SHS METTLER TOLEDO INTL INC 87,287 90,972
400 SHS MICROSOFT CORP 32,939 150,416
225 SHS MOODY'S CORP 74,939 87,876
155 SHS NVIDIA CORP 68,501 76,759
75 SHS O'REILLY AUTOMOTIVE INC 71,906 71,256
300 SHS PALO ALTO NETWORKS INC 35,435 88,464
150 SHS ROPER TECHNOLOGIES INC 11,631 81,776
1,225 SHS SHOPIFY INC CL A 67,696 95,428
275 SHS STRYKER CORP 78,093 82,352
80 SHS TJX COS INC 70,890 75,048
175 SHS THERMO FISHER SCIENTIF 89,137 92,888
375 SHS TRACTOR SUPPLY CO 82,002 80,636
125 SHS UNITEDHEALTH GROUP INC 39,091 65,809
200 SHS VERTEX PHARMACEUTICALS 63,645 81,378
300 SHS VISA INC CL A 63,516 78,105
200 SHS WATSCO INC 72,971 85,694
180 SHS LINDE PLC 68,694 73,928
345 SHS CHUBB LIMITED 69,586 77,970

TY 2023 OtherDecreasesSchedule
Name:
THE MARSHALL FUND 7522-XXXXXX00227
EIN:
02-0467589
Description Amount
2023 SALE 2024 TRADE DATE 9,936


TY 2023 OtherExpensesSchedule
Name:
THE MARSHALL FUND 7522-XXXXXX00227
EIN:
02-0467589
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NH FILING FEE 75 0   0


TY 2023 OtherIncreasesSchedule
Name:
THE MARSHALL FUND 7522-XXXXXX00227
EIN:
02-0467589
Description Amount
ADJUSTING ENTRY 243


TY 2023 OtherProfessionalFeesSchedule
Name:
THE MARSHALL FUND 7522-XXXXXX00227
EIN:
02-0467589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 9,967 9,967    
INVESTMENT MANAGEMENT FEES SCH 15,648 15,648    
MONTHLY ADP FEE 783 783    


TY 2023 SubstantialContributorsSch
Name:
THE MARSHALL FUND 7522-XXXXXX00227
EIN:
02-0467589
Name Address
FRENCH 2014 CHARITABLE LEAD TRUST
  		NWB CAPITAL LLC
211 CONGRESS ST STE 901
BOSTON,MA02110


TY 2023 TaxesSchedule
Name:
THE MARSHALL FUND 7522-XXXXXX00227
EIN:
02-0467589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 123 123   0
FEDERAL ESTIMATED TAX 8,980 0   0
FOREIGN TAX ON QUALIFIED DIVID 277 277   0
FOREIGN TAX SCHWAB 360 360   0