TY 2023 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	410,253
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	23,903	23,903	23,903
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		804,304
b	Gross sales price for all assets on line 6a 1,305,543
7	Capital gain net income (from Part IV, line 2)...		804,304
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........	1,238,460	828,207	23,903
	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).......	List of Attached Documents: // Content	2,345	2,345	0	0
c	Other professional fees (attach schedule)....					0
17	Interest...............				0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	242			0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......		0	0
22	Printing and publications..........		0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	5,318
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	7,905	2,345	0	0
25	Contributions, gifts, grants paid.......	88,000			88,000
26	Total expenses and disbursements. Add lines 24 and 25	95,905	2,345	0	88,000
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,142,555
b	Net investment income (if negative, enter -0-)		825,862
c	Adjusted net income (if negative, enter -0-)...			23,903

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	94,246	List of Attached Documents: // Content 1,208,941	1,208,941
	b	Investments—corporate stock (attach schedule).......	396,596	List of Attached Documents: // Content 426,165	566,345
	c	Investments—corporate bonds (attach schedule).......	215,960	List of Attached Documents: // Content 212,835	200,830
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	706,802	1,847,941	1,976,116
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	706,802	1,847,941
	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).....	706,802	1,847,941
	30	Total liabilities and net assets/fund balances (see instructions).	706,802	1,847,941

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

706,802

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

1,142,555

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

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

1,849,357

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

1,416

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

1,847,941

(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	179. BCE INC		2022-05-04	2023-05-23
b	24. LILLY, ELI & CO		2019-11-05	2023-05-23
c	13020.833 LORD ABBETT SHRT DUR INC-I		2022-03-02	2023-05-23
d	71. VERIZON COMMUNICATIONS		2019-11-21	2023-05-23
e	203. BANK AMER CORP		2019-11-05	2023-06-29
	55. BLACKSTONE INC		2022-03-11	2023-07-10
	35. UNION PACIFIC CORP		2022-05-04	2023-07-10
	.3333 VERALTO CORPORATION		2020-02-20	2023-10-13
	5000. 1ST SOURCE CORP		2022-04-06	2023-12-19
	5000. 1ST SOURCE CORP		2001-05-15	2023-12-19
	12000. 1ST SOURCE CORP		2010-02-17	2023-12-20
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,375	9,690	-1,315
b	10,316	2,713	7,603
c	50,000	53,125	-3,125
d	2,547	4,231	-1,684
e	5,817	6,617	-800
	5,035	6,430	-1,395
	7,081	8,162	-1,081
	24	19	5
	274,875	152,118	122,757
	275,036	77,254	197,782
	666,033	180,880	485,153
			404
			404
			404
			404
			404
			404
			404
			404
			404
			404
			404

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			-1,315
b			7,603
c			-3,125
d			-1,684
e			-800
			-1,395
			-1,081
			5
			122,757
			197,782
			485,153

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	804,304
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	11,479
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	11,479
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	11,479
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	284
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	284
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	11,195
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax0	Refunded	11	0

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
JOHN PHAIR	PRESIDENT 1	0
1612 EAST WASHINGTON SOUTH BEND,IN46617
BARBARA PHAIR	VICE PRESIDENT 1	0
1612 EAST WASHINGTON SOUTH BEND,IN46617
BARBARA PHAIR	SECRETARY 1	0
1612 EAST WASHINGTON SOUTH BEND,IN46617
JOHN PHAIR	TREASURER 1	0
1612 EAST WASHINGTON SOUTH BEND,IN46617

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

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

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					55,459
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	0
b From 2019......	0
c From 2020......	188,273
d From 2021......	18,748
e From 2022......	78,500
f Total of lines 3a through e ........		285,521
4Qualifying distributions for 2023 from Part
XI, line 4: $ 88,000
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					55,459
e Remaining amount distributed out of corpus		32,541
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		318,062
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		318,062
10 Analysis of line 9:
a Excess from 2019....	0
b Excess from 2020....	188,273
c Excess from 2021....	18,748
d Excess from 2022....	78,500
e Excess from 2023....	32,541

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

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

BARBARA L PHAIR JOHN T PHAIR

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:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOSTON COLLEGE 140 COMMONWEALTH AVENUE CHESTNUT HILL,MA02467	NONE	PC	SUPPORT	5,000
US Soccer Development Fund 1801 S PRAIRIE AVE Chicago,IL60601	NONE	PC	DEVELOP SOCCER PROGRAM	5,500
SOUTH BEND PARKS FOUNDATION INC SOUTH BEND VENUES PARKS & ARTS 301 S ST LOUIS BLVD SOUTH BEND,IN46617	NONE	PC	SUPPORT	20,000
ST VINCENT DEPAUL SOCIETY ATTN ANNE HOSINSKI WATSON EXECUTIVE DIRECTOR SOUTH BEND,IN466171920	NONE	PC	SUPPORT	12,000
The History Museum 808 WEST WASHINGTON South Bend,IN46601	NONE	PC	GALA	2,000
MICHIANA PUBLIC BROADCASTING CORP MARY PRUESS EXECUTIVE DIRECTOR 300 W JEFFERSON BLVD SOUTH BEND,IN466347034	NONE	PC	SUPPORT	2,500
NATIONAL KIDNEY FOUNDATION OF INDIANA 911 E 86TH SUITE 100 INDIANAPOLIS,IN46240	NONE	PC	SUPPORT	1,000
BOYS & GIRLS CLUB OF ST JOE COUNTY 502 E SAMPLE ST SOUTH BEND,IN46601	NONE	PC	CHARITABLE DISTRIBUTION	38,000
BARBARA & JOHN PHAIR FOUNDATION INC 1612 E WASHINGTON STREET SOUTH BEND,IN46617	NONE	PC	SUPPORT	2,000
Total ................................. 3a				88,000

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

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	23,903
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	804,304
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) ..				828,207

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

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

Name of organization PHAIR BARBARA & JOHN FOUNDATION INC XXX-XX-XXXX

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	Barbara Phair 100 N Michigan St 5th Floor South Bend, IN46601	$ 410,253	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

bApproved for future payment

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

Name of organization PHAIR BARBARA & JOHN FOUNDATION INC XXX-XX-XXXX		Employer identification number 83-2693627

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
1	22,000 Shares of 1st Source Stock	$ 1,192,840	2023-12-19
(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)


Name of organization PHAIR BARBARA & JOHN FOUNDATION INC XXX-XX-XXXX			Employer identification number 83-2693627
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.) $ Use duplicate copies of Part III if additional space is needed.

Name of Bond	End of Year Book Value	End of Year Fair Market Value
DODGE & COX INCOME FUND	126,421	119,983
FEDERATED INSTITUTIONAL HIGH Y	16,512	15,349
NUVEEN PREFERRED SECURITIES FU	8,217	7,290
LORD ABBETT SHRT DUR INC-I	61,685	58,208

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	4,169	5,393
ABBVIE INC	7,566	15,807
BANK OF AMERICA CORP
CHEVRON CORPORATION	5,847	7,309
COSTCO WHOLESALE CORP	6,421	15,842
DEERE & CO	10,723	11,996
DUKE ENERGY CORP	7,152	7,860
HOME DEPOT INC	6,056	9,703
HONEYWELL INTERNATIONAL INC	5,756	6,711
JP MORGAN CHASE & CO	6,305	9,696
LILLY ELI & CO	2,826	14,573
MASTERCARD INC CL A	6,229	10,236
MCDONALDS CORP	5,948	8,302
METLIFE INC	5,616	8,068
MICROCHIP TECHNOLOGY INC	4,857	10,281
MICROSOFT CORP	6,721	16,922
NUCOR CORP	5,280	17,752
PALO ALTO NETWORKS	6,030	24,770
PFIZER INC	9,947	7,428
PROCTOR & GAMBLE CO	4,905	6,008
TJX COS INC	5,782	9,100
VERIZON COMMUNICATION
DANAHER CORP	7,012	11,336
AMERICAN ELEC PWR INC	8,377	6,579
APPLE INC	5,401	15,595
AUTOMATIC DATA PROCESSING INC	6,121	9,552
LOCKHEED MARTIN CORP	4,273	4,532
ALPHABET INC CL C	5,055	6,906
ISHARES CORE S&P MID-CAP ETF	8,879	12,195
ISHARES MSCI EAFE ETF	37,795	41,895
SPDR S&P 500 ETF TRUST	123,565	134,037
VERALTO CORPORATION	907	1,316
VANGUARD STRAT CM CAP EQ	28,648	28,503
DIGITAL REALTY TRUST INC REIT	8,631	7,940
BCE INC
BLACKSTONE INC
CONOCOPHILLIPS	6,620	7,777
UNION PAC CORP
UNITED PARCEL SERVICE CL B	14,973	13,207
ISHARES MSCI EAFE VALUE ETF	13,134	14,067
ISHARES MSCI EMR MRK EX CHNA	22,638	27,151

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	63	0		0
FOREIGN TAXES ON QUALIFIED FOR	137	0		0
FOREIGN TAXES ON NONQUALIFIED	42	0		0

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