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
MOLLIE B FOLEY CHARITABLE TRUST 086048-000
 
Number and street (or P.O. box number if mail is not delivered to street address)1100 N MARKET ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198900001
A Employer identification number

22-6573797
B Telephone number (see instructions)

(302) 651-8988
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$5,688,376J 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 2,151 2,151  
4 Dividends and interest from securities... 120,892 120,892  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 57,332
b Gross sales price for all assets on line 6a 1,696,954
7 Capital gain net income (from Part IV, line 2)... 57,332
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)....... 1,372    
12 Total. Add lines 1 through 11........ 181,747 180,375  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 10,954 5,477   5,477
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
1,500 750 0 750
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
21,630 21,630   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,451 3,181   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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 37,535 31,038 0 6,227
25 Contributions, gifts, grants paid....... 320,575 320,575
26 Total expenses and disbursements. Add lines 24 and 25 358,110 31,038 0 326,802
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -176,363
b Net investment income (if negative, enter -0-) 149,337
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............. -8,161    
2 Savings and temporary cash investments......... 43,666 69,168 69,168
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)....... 3,140,069 Click to see attachment
List of Attached Documents:
// Content
2,779,196 		4,137,159
c Investments—corporate bonds (attach schedule)....... 1,374,563 Click to see attachment
List of Attached Documents:
// Content
1,525,131 		1,482,049
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) 4,550,137 4,373,495 5,688,376
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........ 4,550,137 4,373,495
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)..... 4,550,137 4,373,495
30 Total liabilities and net assets/fund balances (see instructions). 4,550,137 4,373,495
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
4,550,137
2
Enter amount from Part I, line 27a .....................
2
-176,363
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
443
4
Add lines 1, 2, and 3 ..........................
4
4,374,217
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
722
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,373,495
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 . CLASS ACTION SETTLEMENT     2023-12-11
b 1050. ABRDN PLATINUM ETF TRUST   2023-07-05 2023-12-06
c 200. ALPHABET INC CL A   2020-08-26 2023-05-16
d 200. ALPHABET INC CL A   2020-08-26 2023-08-22
e 175. APPLE COMPUTER INC COMMON   2020-12-02 2023-04-20
170. CANADIAN PACIFIC KANSAS CITY     2023-08-22
400. CANADIAN PACIFIC KANSAS CITY   2020-04-21 2023-09-14
500. CIENA CORP   2020-11-24 2023-12-06
200. CISCO SYS INC COM   2020-11-24 2023-08-22
1900. CITIGROUP INC     2023-03-23
350. WALT DISNEY CO COM     2023-09-11
585. ENPHASE ENERGY INC     2023-09-07
1050. ISHARES CORE U.S. AGGREGATE     2023-10-12
700. ISHARES CORE U.S. AGGREGATE   2023-11-15 2023-12-06
300. ISHARES MSCI EAFE SMALL-CAP ETF   2020-12-04 2023-10-12
375. ISHARES JPM USD EMERGING MKTS BD ETF   2022-05-05 2023-02-08
325. ISHARES SHORT TREASURY BOND ETF   2023-04-19 2023-05-02
300. ISHARES SHORT TREASURY BOND ETF   2023-04-19 2023-08-08
750. ISHARES US BRK-DEALERS & SEC EX ETF   2023-04-06 2023-04-19
400. ISHARES CORE MSCI EAFE ETF   2021-04-13 2023-01-19
300. ISHARES CORE MSCI EAFE ETF   2021-04-13 2023-04-20
225. ISHARES CORE MSCI EMERGING   2021-04-26 2023-04-20
575. ISHARES MSCI MALAYSIA ETF   2022-11-07 2023-01-19
750. ISHARES 0-5 YR HY CORP BOND   2022-08-04 2023-02-08
200. LEIDOS HOLDINGS, INC   2020-06-18 2023-10-12
50000. MERRILL LYNCH & CO 6.750% 6/01/28     2023-09-27
200. MONSTER BEVERAGE CORP   2021-08-17 2023-04-20
650. MONSTER BEVERAGE CORP     2023-09-12
200. ORACLE CORPORATION   2020-10-27 2023-05-16
170. QUANTA SERVICES INC COM   2021-08-09 2023-06-02
180. QUANTA SERVICES INC COM   2021-08-09 2023-09-14
10. REGENERON PHARMACEUTICALS   2020-10-27 2023-08-22
15. REGENERON PHARMACEUTICALS   2020-10-27 2023-12-06
500. SPDR GOLD SHARES     2023-07-05
750. SPDR BLOOMBERG 1-3 MONTH T-BILL ETF     2023-04-06
500. SPDR BLOOMBERG 1-3 MONTH T-BILL ETF     2023-11-28
50000. STATE STREET CORP 3.100% 5/15/23   2016-03-04 2023-05-15
100. TARGET CORP COM   2020-12-02 2023-04-20
425. VANGUARD TOTAL BOND MKT ETF   2023-02-08 2023-11-15
1875. VANGUARD TOTAL BOND MKT ETF     2023-11-15
1650. VANGUARD SHORT-TERM TIPS     2023-02-09
100. VANGUARD SMALL-CAP ETF   2020-11-25 2023-01-19
650. VERIZON COMMUNICATIONS     2023-12-06
40. VISA INC   2020-12-02 2023-08-22
75. CHUBB LTD   2019-01-28 2023-01-19
225. FLEX LTD   2023-09-07 2023-12-06
(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 314     314
b 87,706   89,135 -1,429
c 23,938   16,442 7,496
d 25,792   16,442 9,350
e 29,251   21,338 7,913
13,274   7,971 5,303
31,980   17,526 14,454
23,378   21,984 1,394
11,080   8,518 2,562
83,164   73,081 10,083
28,876   35,257 -6,381
69,924   90,930 -21,006
98,290   104,236 -5,946
68,110   66,150 1,960
16,617   19,955 -3,338
32,561   33,926 -1,365
35,768   35,847 -79
33,030   33,089 -59
70,372   66,803 3,569
26,307   29,664 -3,357
20,541   22,248 -1,707
10,991   14,893 -3,902
13,541   11,919 1,622
31,333   31,703 -370
18,856   19,827 -971
52,755   60,166 -7,411
10,582   9,768 814
36,533   21,238 15,295
19,742   11,458 8,284
30,440   15,637 14,803
36,380   16,557 19,823
8,419   5,865 2,554
12,568   8,797 3,771
89,299   89,932 -633
68,654   68,724 -70
45,896   45,730 166
50,000   50,000  
16,086   17,674 -1,588
29,786   31,165 -1,379
131,407   136,800 -5,393
77,601   81,803 -4,202
19,076   18,390 686
25,035   36,919 -11,884
9,614   8,364 1,250
16,356   9,866 6,490
5,731   5,885 -154
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       314
b       -1,429
c       7,496
d       9,350
e       7,913
      5,303
      14,454
      1,394
      2,562
      10,083
      -6,381
      -21,006
      -5,946
      1,960
      -3,338
      -1,365
      -79
      -59
      3,569
      -3,357
      -1,707
      -3,902
      1,622
      -370
      -971
      -7,411
      814
      15,295
      8,284
      14,803
      19,823
      2,554
      3,771
      -633
      -70
      166
       
      -1,588
      -1,379
      -5,393
      -4,202
      686
      -11,884
      1,250
      6,490
      -154
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 57,332
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 2,076
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 2,076
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 2,076
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,164
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 1,164
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 9 912
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 arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowWILMINGTON TRUST Telephone no.right arrow (302) 651-8988

Located atright arrow1100 NORTH MARKET STREET DE3-C070WILMINGTONDE ZIP+4right arrow198900001
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Barbara F Wand Esq Co-Trustee
2 		10,954    
DAY PITNEY LLP ONE FEDERAL STREET
Boston,MA02110
Mary B Foley CO Barbara F Wand Co-Trustee
1 		0    
DAY PITNEY LLP ONE FEDERAL STREET
Boston,MA02110
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
5,545,473
b
Average of monthly cash balances.......................
1b
35,138
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,580,611
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
5,580,611
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
83,709
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,496,902
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
274,845
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
274,845
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,076
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,076
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
272,769
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
272,769
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
272,769
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
326,802
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
326,802
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 7 272,769
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...... 54,800
b From 2019...... 68,459
c From 2020...... 90,848
d From 2021...... 0
e From 2022...... 1,399
f Total of lines 3a through e ........ 215,506
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 326,802
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..... 272,769
e Remaining amount distributed out of corpus 54,033
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 5 269,539
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) ... 		54,800
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		214,739
10 Analysis of line 9:
a Excess from 2019.... 68,459
b Excess from 2020.... 90,848
c Excess from 2021.... 0
d Excess from 2022.... 1,399
e Excess from 2023.... 54,033
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).)
MARY B FOLEY CO BARBARA F WAND
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
BARBARA F WAND CO-TRUSTEE
DAY PITNEY LLP ONE FEDERAL ST 29T
BOSTON,MA02110
(617) 345-4628
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN REQUESTS ONLY. ORGANIZATION MUST BE TAX EXEMPT UNDER IRC SECT 501(C)(3).
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

SEE ATTACHED LIST OF GRANTS PAID
THE YEAR
1100 NORTH MARKET STREET
WILMINGTON,DE19890 		NONE PC SEE ATTACHED PURPOSE 320,575
Total .................................right arrow 3a 320,575
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 2,151  
4 Dividends and interest from securities ....     14 120,892  
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 57,332  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER REVENUE 		    14 1,372  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   181,747  
13Total. Add line 12, columns (b), (d), and (e)..................
13
181,747
(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:
MOLLIE B FOLEY CHARITABLE TRUST 086048-000
EIN:
22-6573797
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 1,500 750   750

TY 2023 InvestmentsCorpBondsSchedule
Name:
MOLLIE B FOLEY CHARITABLE TRUST 086048-000
EIN:
22-6573797
Name of Bond End of Year Book Value End of Year Fair Market Value
00440EAC1 ACE INA HOLDINGS 32,405 29,790
244199AZ8 DEERE & CO 75,633 66,816
254687DT0 WALT DISNEY CO 31,988 27,992
375558AW3 GILEAD SCIENCES 75,000 74,640
38141ED48 GOLDMAN SACHS GP MTN 115,944 102,952
38141EQ36 GOLDMAN SACHS GP MTN 83,982 75,003
464288281 ISHARES JPM USD EMER    
46434V407 ISHARES 0-5 YR HY CO 95,108 94,995
46625HNJ5 JPMORGAN CHASE & CO 108,479 98,909
565849AP1 MARATHON OIL CORP 97,545 97,530
58013MFJ8 MCDONALD'S CORP MTN 52,528 45,755
590188JB5 MERRILL LYNCH & CO    
78468R663 SPDR BLOOMBERG 1-3 M    
857477AL7 STATE STREET CORP    
921937827 VANGUARD SHORT-TERM 127,358 123,232
921937835 VANGUARD TOTAL BOND    
922020805 VANGUARD SHORT-TERM    
98956PAF9 ZIMMER HLDGS 100,952 97,860
00209TAB1 AT&T BROADBAND CORP    
92206C771 VANGUARD MORTGAGE-BA    
95000U2B8 WELLS FARGO CO MTN    
097023BH7 BOEING CO 48,650 48,888
097023DG7 BOEING CO 46,312 47,245
464287226 ISHARES CORE U.S. AG 94,500 99,250
464287242 ISHARES IBOXX $ INVS 30,079 30,432
46436E718 ISHARES 0-3 MONTH TR 34,621 34,593
68389XCJ2 ORACLE CORP 50,644 54,395
857477BP7 STATE STREET CORP 81,218 83,230
921937819 VANGUARD INT-TRM BON 97,187 103,113
98956PAT9 ZIMMER BIOMET HLDGS 44,998 45,429

TY 2023 InvestmentsCorpStockSchedule
Name:
MOLLIE B FOLEY CHARITABLE TRUST 086048-000
EIN:
22-6573797
Name of Stock End of Year Book Value End of Year Fair Market Value
02079K305 ALPHABET INC CL A 128,264 223,504
126650100 CVS HEALTH CORPORATI 43,747 63,168
13645T100 CANADIAN PACIFIC RAI    
16411R208 CHENIERE ENERGY INC 40,267 102,426
171779309 CIENA CORP 39,686 45,010
17275R102 CISCO SYSTEMS INC 84,213 126,300
172967424 CITIGROUP INC 27,000 32,150
205768302 COMSTOCK RESOURCES I 47,183 70,800
23135106 AMAZON.COM INC 121,516 167,134
254687106 WALT DISNEY CO    
37833100 APPLE INC 47,154 211,783
46266C105 IQVIA HOLDINGS INC 115,270 190,889
464288273 ISHARES MSCI EAFE SM 83,785 99,040
46432F842 ISHARES CORE MSCI EA 580,846 682,395
46434G103 ISHARES CORE MSCI EM 224,735 202,320
46434G814 ISHARES MSCI MALAYSI 39,385 40,375
46625H100 JPMORGAN CHASE & CO 95,181 144,585
525327102 LEIDOS HOLDINGS, INC 71,433 86,592
61174X109 MONSTER BEVERAGE COR 72,177 152,667
654106103 NIKE INC CL B 12,597 54,285
68389X105 ORACLE CORPORATION C 37,984 115,973
7.48E+106 QUANTA SERVICES INC    
7.55E+105 RAYTHEON TECHNOLOGIE    
75886F107 REGENERON PHARMACEUT 67,681 131,744
78463V107 SPDR GOLD SHARES    
8.76E+110 TARGET CORP COM    
922908751 VANGUARD SMALL-CAP E 149,993 266,663
92343V104 VERIZON COMMUNICATIO 71,002 75,400
92826C839 VISA INC 69,271 104,140
G50871105 JAZZ PHARMACEUTICALS 58,133 52,275
H1467J104 CHUBB LTD 37,963 96,050
30303M102 META PLATFORMS, INC-    
68902V107 OTIS WORLDWIDE CORP    
863667101 STRYKER CORP COM    
07831C103 BELLRING BRANDS INC 36,726 49,887
13646K108 CANADIAN PACIFIC KAN 41,824 94,872
244199105 DEERE & CO COMMON 61,730 59,981
38141G104 GOLDMAN SACHS GROUP 47,577 57,866
550021109 LULULEMON ATHLETICA 43,028 51,129
7.4762000000 QUANTA SERVICES I 40,600 107,900
7.5513000000 RTX CORPORATION 41,126 58,898
8.7611999999 TARGET CORP COM 71,347 85,452
Y2573F102 FLEX LTD 28,772 33,506

TY 2023 OtherDecreasesSchedule
Name:
MOLLIE B FOLEY CHARITABLE TRUST 086048-000
EIN:
22-6573797
Description Amount
2023 TRANSACTION POSTED IN 2024 592
ACCRUED INTEREST PAID 119
ADJUSTMENT TO INCOME 11


TY 2023 OtherIncreasesSchedule
Name:
MOLLIE B FOLEY CHARITABLE TRUST 086048-000
EIN:
22-6573797
Description Amount
2022 TRANSACTION POSTED IN 2023 287
AI EFFECTIVE AFTER TAX YEAR 156


TY 2023 OtherProfessionalFeesSchedule
Name:
MOLLIE B FOLEY CHARITABLE TRUST 086048-000
EIN:
22-6573797
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 21,630 21,630    


TY 2023 TaxesSchedule
Name:
MOLLIE B FOLEY CHARITABLE TRUST 086048-000
EIN:
22-6573797
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 138 138   0
FEDERAL TAX PAYMENT - PRIOR YE 70 0   0
FEDERAL ESTIMATES - PRINCIPAL 200 0   0
FOREIGN TAXES ON QUALIFIED FOR 2,082 2,082   0
FOREIGN TAXES ON NONQUALIFIED 961 961   0