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
HUTCHISON FOUNDATION
FAIRFIELD NATIONAL BANK TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 429
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FAIRFIELD, IL62837
A Employer identification number

36-4126011
B Telephone number (see instructions)

(618) 842-2107
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$1,163,308J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 30,924 30,924  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 33,845
b Gross sales price for all assets on line 6a 73,900
7 Capital gain net income (from Part IV, line 2)... 33,845
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33 33  
12 Total. Add lines 1 through 11........ 64,802 64,802  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 11,097 3,329   3,884
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,450 0   725
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
248 248   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
78 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 12,873 3,577   4,609
25 Contributions, gifts, grants paid....... 54,659 54,659
26 Total expenses and disbursements. Add lines 24 and 25 67,532 3,577   59,268
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,730
b Net investment income (if negative, enter -0-) 61,225
c Adjusted net income (if negative, enter -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.............   1 1
2 Savings and temporary cash investments......... 11,872 49,197 49,197
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 27,536 Click to see attachment
List of Attached Documents:
// Content
27,536 		163,963
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).......... 880,424 Click to see attachment
List of Attached Documents:
// Content
840,368 		950,009
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4 		Click to see attachment
List of Attached Documents:
// Content
4 		Click to see attachment
List of Attached Documents:
// Content
138
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 919,836 917,106 1,163,308
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 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........ 919,836 917,106
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 919,836 917,106
30 Total liabilities and net assets/fund balances (see instructions). 919,836 917,106
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
919,836
2
Enter amount from Part I, line 27a .....................
2
-2,730
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
917,106
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
917,106
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 63,000   40,055 22,945
b 10,900     10,900
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       22,945
b       10,900
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 33,845
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) 1 851
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........................... 3 851
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- ..... 5 851
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 627
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 627
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 224
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 arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowFAIRFIELD NATIONAL BANK TRUST DEPA Telephone no.right arrow (618) 842-2107

Located atright arrow220 E MAIN STFAIRFIELDIL ZIP+4right arrow62837
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
FAIRFIELD NATIONAL BANK TRUSTEE
10.00 		11,097 0 0
PO BOX 429
FAIRFIELD,IL62837
DIMITRI MONGE ADVISORY COMMITTEE
1.00 		0 0 0
PO BOX 429
FAIRFIELD,IL62837
DAVID LAND ADVISORY COMMITTEE
1.00 		0 0 0
PO BOX 429
FAIRFIELD,IL62837
KEN OTEY ADVISORY COMMITTEE
1.00 		0 0 0
PO BOX 429
FAIRFIELD,IL62837
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 arrow0
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
1,083,410
b
Average of monthly cash balances.......................
1b
34,487
c
Fair market value of all other assets (see instructions)................
1c
191
d
Total (add lines 1a, b, and c).........................
1d
1,118,088
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
1,118,088
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
16,771
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,101,317
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
55,066
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
55,066
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
851
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
851
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
54,215
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
54,215
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
54,215
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
59,268
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
59,268
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 54,215
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 54,061
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 59,268
a Applied to 2022, but not more than line 2a 54,061
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..... 5,207
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 .......... 		49,008
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....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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 e-mail address of the person to whom applications should be addressed:
ANGIE KOONTZ - TRUST DEPARTMENT
220 E MAIN ST
FAIRFIELD,IL62837
(618) 842-2109
TRUST@FNBCOMMUNITYBANK.COM
bThe form in which applications should be submitted and information and materials they should include:
COMPLETED APPLICATION WITH VERIFICATION OF CHARITABLE/GOVERNMENTAL STATUS AND DOCUMENTATION OF PROPOSED USE OF GRANT FUNDS
cAny submission deadlines:
NO SPECIFIC DEADLINE AS APPLICATIONS ARE REVIEWED ON QUARTERLY BASIS BY ADVISORY COMMITTEE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NO LIMITATIONS ON GRANTS. ADVISORY COMMITTEE DETERMINES GRANTEES AND AMOUNTS.
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ANGIE KOONTZ - TRUST DEPARTMENT
220 E MAIN ST
FAIRFIELD,IL62837
(618) 842-2109
TRUST@FNBCOMMUNITYBANK.COM
bThe form in which applications should be submitted and information and materials they should include:
APLICATION FORM AND HIGH SCHOOL TRANSCRIPT, COPY OF ACT/SAT SCORE, THREE LETTERS OF RECOMMENDATIONS, EMPLOYMENT HISTORY, COMMUNITY ACTIVITIES, LIST OF AWARDS, AND GOALS AND OBJECTIVES. APPLICATIONS SHOULD BE SUBMITTED THROUGH HIGH SCHOOL COUNSELING OFFICE OR FAIRFIELD NATIONAL BANK TRUST DEPARTMENT.
cAny submission deadlines:
NO SPECIFIC DEADLINE AS APPLICATIONS ARE REVIEWED ON QUARTERLY BASIS BY ADVISORY COMMITTEE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
APPLICANT MUST BE IN CURRENT GRADUATING CLASS OF A WAYNE COUNTY, IL HIGH SCHOOL. ADVISORY COMMITTEE WILL DETERMINE NUMBER AND AMOUNT OF SCHOLARSHIPS.
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

WAYNE COUNTY HUMANE SOCIETY

518 SE 4TH STREET
FAIRFIELD,IL62837 		N/A PC OPERATIONS 1,000
ALEX MARSHEL


907 CR 1675 E
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 700
ADDISON SEIDEL


454 CO RD 105 E
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 700
AVERY SEIDEL


454 CO RD 105 E
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 200
AVERY SMITH


698 CO RD 1900 N
JOHNSONVILLE,IL62850 		NONE I EDUCATION SCHOLARSHIP 700
BREAH JONAY MORLAN


309 NW 2ND ST
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 200
AVERY STENCE


1 ESTHER RD
FAIRFIELD,IL62895 		NONE I EDUCATION SCHOLARSHIP 700
CALE SIMPSON


2221 CO RD 150 N
BARNHILL,IL62809 		NONE I EDUCATION SCHOLARSHIP 700
ERIC RODGERS


507 SE 4TH ST
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 700

FAIRFIELD PUBLIC LIBARARY

300 SE 2ND ST
FAIRFIELD,IL62837 		N/A GOV SUMMER READING PROGRAM 1,000

FAIRFIELD COMMUNITY HIGH SCHOOL

300 W KING STREET
FAIRFIELD,IL62837 		N/A GOV VARSITY SCHOLASTIC TEAM 200

FAIRFIELD CUMBERLAND PRESBYTERIAN CHURCH

1700 OUTER W DELAWARE ST
FAIRFIELD,IL62837 		N/A NC-RELIGIOUS SECRET SANTA/SHOP WITH A COP 1,500

FAIRFIELD MEMORIAL HOSPITAL FOUNDATION

303 NW 11TH ST
FAIRFIELD,IL62837 		N/A PC SENIOR LIFE SOLUTIONS 500

FAIRFIELD PARK DISTRICT

PO BOX 467
FAIRFIELD,IL62837 		N/A GOV SWIM LESSONS 1,500

FAIRFIELD PARK DISTRICT

PO BOX 467
FAIRFIELD,IL62837 		N/A GOV CHRISTMAS LIGHTS DISPLAY 2,000

FRONTIER COMMUNITY COLLEGE FOUNDATION

2 FRONTIER DRIVE
FAIRFIELD,IL62837 		N/A GOV BOBCAT ATHLETIC CENTER 5,000

HAPPY DAY EXPRESS INC

PO BOX 1211
EFFINGHAM,IL62401 		N/A PC OPERATION OF CHRISTIAN DAY CARE CENTER 15,500

HENDERSON SETTLEMENT

PO BOX 205
FRAKES,KY40940 		N/A PC OPERATIONS 1,500

HOPE MINISTRIES OF GEFF

1431 CO RD 1200 N
GEFF,IL62842 		N/A PC FOOD PANTRY 2,000
GRANT LEWIS


1368 W SECTION LINE RD
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 700
JADEN BOYD


914 CO RD 100 N
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 200
JAXSON YOUNGBLOOD


23 CR 715 E
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 200
JOSHUA BASNETT


1033 CO RD 2250 E
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 700
JOSILYN WHEAT


705 E ROBINSON ST
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 200
KALYN MERITT


PO BOX 371
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 200
KELBY WOOD


146 CO RD 500 N
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 700
LUCY BRITT


412 SE 4TH ST
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 700
MATTHEW BARBEE


250 CO RD 715 E
WAYNE CITY,IL62837 		NONE I EDUCATION SCHOLARSHIP 200
KYLEE KEELE


401 E ROBINSON
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 339
KYLIE STEWART


662 CR 2050 E
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 200
MYLES LEVI


1714 CO RD 1125 E
CISNE,IL62823 		NONE I EDUCATION SCHOLARSHIP 700
MARIA WARD


2039 CO RD 940 N
FAIRFIELD,IL62895 		NONE I EDUCATION SCHOLARSHIP 700
MOLLY OLIVER


406 SE 2ND ST
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 660
MADDUX MAYS


624 CO HWY 12
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 660
MEGHAN GRIEVE


2141 CR 1420 N
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 200

MT ZION MISSIONARY BAPTIST CHURCH

1019 CO RD 1950E
FAIRFIELD,IL62837 		N/A NC-RELIGIOUS CHRISTMAS FOR KIDS PROGRAM 2,000

NORTH WAYNE MINISTERIAL ALLIANCE

1176 CO RD 1975 N
CISNE,IL62823 		N/A PC OPERATIONS 2,000

QUILTS OF VALOR FOUNDATION

PO BOX 191
WINTERSET,IA50273 		N/A PC OPERATIONS 2,000
TYLER KOKER


788 CO HWY 10
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 700

WAYNE COUNTY HISTORICAL SOCIETY

300 SE 2ND ST
FAIRFIELD,IL62837 		N/A PC HANNA HOUSE MUSEUM 2,000

WAYNE-WHITE ROUND UP KARE & SHARE DENNIS SCRANTON MEMORIAL CANCER FUND

PO BOX 700
FAIRFIELD,IL62837 		N/A PC CANCER PATIENT TRANSPORTATION 2,000
WYATT GILBERT


989 CO RD 2050 E
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 400
Total .................................right arrow 3a 54,659
bApproved for future payment
ABBIGAIL MARSHEL

907 CR 1675 E
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 676
ALEXIS THOMASON

1720 CR 800 N
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 800
ALLISON P BASS

335 CO RD 400 N
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 200
BETH BELANGEE

1476 CO RD 1250N
GEFF,IL62842 		NONE I EDUCATION SCHOLARSHIP 200
BLAKE PRUITT

303 W DOUGLAS ST
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 400
CHESNEY HATCHER

2006 US HWY 45
CISNE,IL62823 		NONE I EDUCATION SCHOLARSHIP 400
DELANEY BAILEY

PO BOX 40
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 200
DANE HORTON

PO BOX 105
KEENES,IL62851 		NONE I EDUCATION SCHOLARSHIP 200
TREVOR BAILEY

PO BOX 40
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 700
JARRETT LEWIS

1368 W SECTION LINE RD
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 650
MADELINE BOYD

914 CO RD 100 N
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 700
LAINA MCKINNEY

PO BOX 165
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 600
LUCY CURTIS

503 BACK ST
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 800
MICHAEL LANE HARVEY

432 CO RD 1800 E
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 200
MOLLY OLIVER

406 SE 2ND ST
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 140
REBECCA SMITH

1155 CR 1700 N
CISNE,IL62823 		NONE I EDUCATION SCHOLARSHIP 200
CHELSEA CUFF

405 E JOHNSON ST
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 700
PAIGE GREENWALT

676 CO RD 105 E
BLUFORD,IL62814 		NONE I EDUCATION SCHOLARSHIP 700
JOCELYN HALL

1626 CR 1900 N
CISNE,IL62823 		NONE I EDUCATION SCHOLARSHIP 200
ANDREW HARRISON

1497 CO HWY 9
CISNE,IL62823 		NONE I EDUCATION SCHOLARSHIP 200
JOVI HORTON

PO BOX 105
KEENES,IL62851 		NONE I EDUCATION SCHOLARSHIP 700
MADDUX MAYS

624 CO HWY 12
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 40
SARA MCGEHEE

1091 US HWY 45
FAIRFIELD,IL62837 		NONE I EDUCATION SCHOLARSHIP 700
ALLIE MCKINNEY

PO BOX 165
WAYNE CITY,IL62895 		NONE I EDUCATION SCHOLARSHIP 700
MCKENNA POOLE

2601 CO RD 000 N
BURNT PRAIRIE,IL62820 		NONE I EDUCATION SCHOLARSHIP 700
Total ................................. right arrow 3b 11,706
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 30,924  
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 .....     15 33  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 33,845  
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) .. 0 64,802 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
64,802
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
HUTCHISON FOUNDATION
 
FAIRFIELD NATIONAL BANK TRUSTEE
EIN:
36-4126011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FNB FINANCIAL - PREP OF 990-PF 1,450 0   725

TY 2023 InvestmentsCorpStockSchedule
Name:
HUTCHISON FOUNDATION
 
FAIRFIELD NATIONAL BANK TRUSTEE
EIN:
36-4126011
Name of Stock End of Year Book Value End of Year Fair Market Value
CSX CORPORATION 6,622 104,010
SOUTHERN COMPANY 20,914 59,953

TY 2023 InvestmentsOtherSchedule2
Name:
HUTCHISON FOUNDATION
 
FAIRFIELD NATIONAL BANK TRUSTEE
EIN:
36-4126011
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FUNDAMENTAL INVESTORS FUND CL F2 AT COST 85,560 155,746
AMERICAN BALANCED FUND CL F2 AT COST 105,113 170,117
AMERICAN CAP WRLD GR & INC CL F2 AT COST 61,875 89,652
FRANKLIN US GOVT ADVISOR CLASS AT COST 77,404 67,310
FRANKLIN TEMPLETON LIBERTY INV AT COST 30,002 28,260
LORD ABBETT SHORT DURATION INCOME AT COST 87,364 80,965
VANGUARD LONG-TERM INVST GRADE AT COST 71,419 59,128
FIDELITY ADVISOR GR OPPTY CL I AT COST 73,000 65,644
VANGUARD EQUITY INCOME ADMIRAL FD AT COST 43,000 46,131
VANGUARD SMALL CAP VIPERS AT COST 48,944 52,266
WISDOMTREE TR INTL EQUITY FUND AT COST 12,599 13,127
WISDOMTREE TR EM EX ST AT COST 34,088 23,826
DODGE & COX INCOME AT COST 60,000 54,790
FRANKLIN TOTAL REURN ADV AT COST 50,000 43,047

TY 2023 OtherAssetsSchedule
Name:
HUTCHISON FOUNDATION
 
FAIRFIELD NATIONAL BANK TRUSTEE
EIN:
36-4126011
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OIL ROYALTIES 4 4 138


TY 2023 OtherExpensesSchedule
Name:
HUTCHISON FOUNDATION
 
FAIRFIELD NATIONAL BANK TRUSTEE
EIN:
36-4126011
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ILLINOIS CHARITY BUREAU - ANNUAL STATE FILING FEE 15 0   0
SCHOLARSHIP CERTIFICATES 63 0   0


TY 2023 OtherIncomeSchedule2
Name:
HUTCHISON FOUNDATION
 
FAIRFIELD NATIONAL BANK TRUSTEE
EIN:
36-4126011
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OIL ROYALTIES 33 33 33


TY 2023 TaxesSchedule
Name:
HUTCHISON FOUNDATION
 
FAIRFIELD NATIONAL BANK TRUSTEE
EIN:
36-4126011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 248 248   0