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
1ST SOURCE FOUNDATION INC XXX-XX-XXXX
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1602
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SOUTH BEND, IN46634
A Employer identification number

35-6034211
B Telephone number (see instructions)

(574) 235-2952
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$44,519,730J 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... 1,050,951 1,050,951 1,050,951
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,925,627
b Gross sales price for all assets on line 6a 9,590,880
7 Capital gain net income (from Part IV, line 2)... 1,925,627
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........ 2,976,578 2,976,578 1,050,951
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 159,230 35,870    
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
2,445 2,445 0 0
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
58,837     0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
28,098      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 248,610 38,315 0 0
25 Contributions, gifts, grants paid....... 2,043,188 2,043,188
26 Total expenses and disbursements. Add lines 24 and 25 2,291,798 38,315 0 2,043,188
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 684,780
b Net investment income (if negative, enter -0-) 2,938,263
c Adjusted net income (if negative, enter -0-)... 1,050,951
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........      
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) 843,922 Click to see attachment
List of Attached Documents:
// Content
1,293,850 		1,293,850
b Investments—corporate stock (attach schedule)....... 20,147,631 Click to see attachment
List of Attached Documents:
// Content
19,917,387 		31,432,415
c Investments—corporate bonds (attach schedule)....... 11,502,015 Click to see attachment
List of Attached Documents:
// Content
11,888,359 		11,295,990
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) Click to see attachment
List of Attached Documents:
// Content
407,979 		Click to see attachment
List of Attached Documents:
// Content
497,475 		Click to see attachment
List of Attached Documents:
// Content
497,475
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,901,547 33,597,071 44,519,730
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........ 32,901,547 33,597,071
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)..... 32,901,547 33,597,071
30 Total liabilities and net assets/fund balances (see instructions). 32,901,547 33,597,071
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
32,901,547
2
Enter amount from Part I, line 27a .....................
2
684,780
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
10,744
4
Add lines 1, 2, and 3 ..........................
4
33,597,071
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
33,597,071
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 4790. SPDR S&P DIVIDEND ETF   2022-01-10 2023-01-20
b 19860.973 VANGUARD S/T INVEST GR-ADM   2021-03-05 2023-01-20
c 1503.32 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-01-25
d 672.15 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-01-25
e 5879. SPDR S&P DIVIDEND ETF   2022-01-10 2023-01-26
2284.08 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-02-25
425.26 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-02-25
1200. PROCTER & GAMBLE CO   2012-09-17 2023-03-06
4052. ISHARES RUSSELL 1000 VALUE ETF   2016-08-30 2023-03-13
600. AIR PRODUCTS & CHEMICALS INC   2012-09-17 2023-03-23
1900. ISHARES TRUST-S&P 400 MIDCAP ETF [RIC]   2019-11-13 2023-03-23
1772.57 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-03-25
386.47 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-03-25
14855. VANGUARD MSCI EMERGING MARKETS ETF   2021-11-22 2023-04-13
3067.9 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-04-25
268.86 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-04-25
1121.06 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-05-25
237.58 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-05-25
2131.04 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-06-25
873.93 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-06-25
1584.97 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-07-25
862.76 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-07-25
50000. VANGUARD S/T INVEST GR-ADM   2020-07-14 2023-08-02
1450. ISHARES RUSSELL 1000 VALUE ETF   2016-08-26 2023-08-15
1283. ISHARES RUSSELL 1000 GROWTH INDEX FUND   2015-10-26 2023-08-15
200. MICROSOFT CORP   2012-07-31 2023-08-15
2086. VANGUARD MSCI EMERGING MARKETS ETF   2015-05-21 2023-08-15
1011.71 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-08-25
235.35 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-08-25
1790. ISHARES RUSSELL 1000 GROWTH INDEX FUND   2015-10-26 2023-09-07
416.44 FHLMC SER 3745 CMO 4.000% 9/15/29   2020-11-03 2023-09-15
2360.55 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-09-25
598.64 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-09-25
846.08 FHLMC SER 3745 CMO 4.000% 9/15/29   2020-11-03 2023-10-15
1303.48 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-10-25
700.2 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-10-25
848.9 FHLMC SER 3745 CMO 4.000% 9/15/29   2020-11-03 2023-11-15
52631.579 LORD ABBETT SHRT DUR INC-I   2019-10-03 2023-11-17
19980.02 VANGUARD S/T INVEST GR-ADM   2020-05-14 2023-11-17
455.52 GNMA SER 136 CMO 7.000% 6/20/53   2023-10-05 2023-11-20
2338.2 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-11-25
260.42 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-11-25
15328. FT CBOE VEST US DEEP BUFF OCT   2021-10-22 2023-11-28
3000. HORIZON BANCORP INDIANA   1992-09-24 2023-12-04
1713. ISHARES RUSSELL 1000 GROWTH INDEX FUND   2022-09-12 2023-12-04
700. LAKELAND FINANCIAL CORP   1994-12-26 2023-12-04
12255. VANGUARD MSCI EMERGING MARKETS ETF   2019-03-15 2023-12-04
3000. HORIZON BANCORP INDIANA   1992-09-24 2023-12-12
9903. VANGUARD MSCI EMERGING MARKETS ETF   2020-01-31 2023-12-12
3370. ISHARES RUSSELL 1000 GROWTH INDEX FUND   2015-03-09 2023-12-13
1000. LAKELAND FINANCIAL CORP   1994-12-26 2023-12-13
1000. HORIZON BANCORP INDIANA   1992-09-24 2023-12-14
851.73 FHLMC SER 3745 CMO 4.000% 9/15/29   2020-11-03 2023-12-15
454.94 GNMA SER 136 CMO 7.000% 6/20/53   2023-10-05 2023-12-20
19842. VANGUARD MSCI EMERGING MARKETS ETF   2017-06-20 2023-12-21
2794.39 FHLMC PL #SB8156 3.000% 4/01/37   2022-03-22 2023-12-25
477.87 FNMA PL #MA4073 3.000% 6/01/40   2020-06-10 2023-12-25
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 604,840   621,512 -16,672
b 200,000   217,676 -17,676
c 1,503   1,514 -11
d 672   693 -21
e 749,193   705,815 43,378
2,284   2,300 -16
425   438 -13
168,331   79,404 88,927
594,426   432,487 161,939
162,187   45,303 116,884
449,229   354,651 94,578
1,773   1,785 -12
386   398 -12
605,481   717,008 -111,527
3,068   3,089 -21
269   277 -8
1,121   1,129 -8
238   245 -7
2,131   2,146 -15
874   900 -26
1,585   1,596 -11
863   889 -26
500,000   545,147 -45,147
229,796   154,558 75,238
350,574   128,643 221,931
64,593   5,934 58,659
83,756   91,166 -7,410
1,012   1,019 -7
235   242 -7
497,902   178,993 318,909
416   432 -16
2,361   2,376 -15
599   616 -17
846   873 -27
1,303   1,312 -9
700   720 -20
849   875 -26
200,000   222,105 -22,105
200,000   214,785 -14,785
456   461 -5
2,338   2,353 -15
260   268 -8
544,442   500,770 43,672
35,553   1,745 33,808
495,137   349,534 145,603
41,800   1,954 39,846
494,903   520,874 -25,971
36,039   1,745 34,294
399,727   413,856 -14,129
1,008,150   334,281 673,869
61,090   2,792 58,298
14,614   582 14,032
852   877 -25
455   461 -6
799,721   788,346 11,375
2,794   2,812 -18
478   491 -13
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
      -33,750
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       -16,672
b       -17,676
c       -11
d       -21
e       43,378
      -16
      -13
      88,927
      161,939
      116,884
      94,578
      -12
      -12
      -111,527
      -21
      -8
      -8
      -7
      -15
      -26
      -11
      -26
      -45,147
      75,238
      221,931
      58,659
      -7,410
      -7
      -7
      318,909
      -16
      -15
      -17
      -27
      -9
      -20
      -26
      -22,105
      -14,785
      -5
      -15
      -8
      43,672
      33,808
      145,603
      39,846
      -25,971
      34,294
      -14,129
      673,869
      58,298
      14,032
      -25
      -6
      11,375
      -18
      -13
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,925,627
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 40,842
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 40,842
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 40,842
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 48,537
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 45,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 93,537
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 520
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 52,175
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow52,175 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 arrowIN
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
Yes
 
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 arrow1st Source Bank Telephone no.right arrow (574) 235-2952

Located atright arrow100 N MICHIGAN STSOUTH BENDIN ZIP+4right arrow46601
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
Yes
 
If "Yes," list the years right arrow2011, 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
Yes
 
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
CHRISTOPHER J MURPHY III PRESIDENT
0 		0    
100 N MICHIGAN ST
SOUTH BEND,IN46601
ANDREA SHORT VICE PRESIDENT
0 		0    
100 N MICHIGAN ST
SOUTH BEND,IN46601
KEVIN MURPHY TREASURER
0 		0    
100 N MICHIGAN ST
SOUTH BEND,IN46601
ANN RATHBURN-LACOPO SECRETARY
0 		0    
100 N MICHIGAN ST
SOUTH BEND,IN46601
John Affleck-Graves Board Member
0 		5,000    
906 Pine Valley ln
Cincinnati,OH45245
Isaac Torres Board Member
0 		5,000    
17675 Saint Patricks Ct
Granger,IN46530
Todd Schurz Board Member
0 		5,000    
2707 McCullough StAusti
Austin,TX78703
Ron Zeltwanger Board Member
0 		0    
100 N Michigan St
South Bend,IN46601
1st Source Bank AGENT/TRUSTEE
0 		144,230    
100 N MICHIGAN ST
SOUTH BEND,IN46601
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
41,630,234
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
41,630,234
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
41,630,234
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
624,454
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
41,005,780
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,050,289
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
2,050,289
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
40,842
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
40,842
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,009,447
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,009,447
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
2,009,447
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
2,043,188
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
2,043,188
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 2,009,447
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...... 0
d From 2021...... 0
e From 2022...... 177,272
f Total of lines 3a through e ........ 177,272
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,043,188
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..... 2,009,447
e Remaining amount distributed out of corpus 33,741
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 5 211,013
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 ...... 		211,013
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 177,272
e Excess from 2023.... 33,741
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

Men Of Scars

55501 MOSS ROAD
South Bend,IN46628 		NONE PC GENERAL FUND 6,000

UNITED WAY OF MARSHALL COUNTY

2701 NORTH MICHIGAN STREET
PLYMOUTH,IN46563 		NONE PC SUPPORT 2,295

SOUTH BEND HERITAGE FOUNDATION

803 LINCOLNWAY WEST
SOUTH BEND,IN46616 		NONE PC GENERAL FUND 100,000

MARSHALL COUNTY EDC

2864 MILLER DRIVE
PLYMOUTH,IN46563 		NONE PC SUPPORT 10,000

100 BLACK MEN OF GREATER SOUTH BEND

2043 SOUTH BEND AVENUE PMB 345
SOUTH BEND,IN46637 		NONE PC SUPPORT 5,000

STARKE COUNTY FAIR BOARD

108 N PEARL ST
KNOX,IN46534 		NONE PC GENERAL FUND 3,400

HOSPICE FOUNDATION

501 COMFORT PLACE
MISHAWAKA,IN465455234 		NONE PC HELPING HANDS AWARD DINNER 10,000

UNITED WAY OF WELLS COUNTY

122 LAMAR STREET SUITE 118
BLUFFTON,IN46714 		NONE PC SUPPORT 180

MARSHALL COUNTY BLUEBERRY FESTIVAL

P O BOX 639
PLYMOUTH,IN46563 		NONE PC FESTIVAL 5,000

CRIME STOPPERS INC
OFFICER KAYLA MILLER
123 S CENTER ST
Breman,IN46506 		NONE PC SUPPORT 1,000

HABITAT FOR HUMANITY
OF ST JOSEPH COUNTY
402 EAST SOUTH STREET
SOUTH BEND,IN46601 		NONE PC SUPPORT 25,000

RUTHMERE FOUNDATION

302 EAST BEARDSLEY AVENUE
ELKHART,IN46514 		NONE PC GENERAL FUND 20,000

UNITED WAY OF LAPORTE COUNTY

422 FRANKLIN ST STE D
MICHIGAN CITY,IN463603386 		NONE PC SUPPORT 7,385

ST VINCENT DEPAUL SOCIETY
OF ST JOSEPH COUNTY
520 CRESCENT AVENUE
SOUTH BEND,IN466171920 		NONE PC VINTAGE SPONSOR 2,500

UNITED WAY OF ALLEN COUNTY

347 W BERRY STREET
FORT WAYNE,IN46802 		NONE PC SUPPORT 3,660

BOY SCOUTS OF AMERICA

1340 S BEND AVE
SOUTH BEND,IN46617 		NONE PC SUPPORT 5,000

ST MARY'S COLLEGE

105 LE MANS HALL
NOTRE DAME,IN46556 		NONE PC SUPPORT 37,500

MARIAN UNIVERSITY

3200 COLD SPRING ROAD
INDIANAPOLIS,IN46222 		NONE PC SUPPORT 62,500

INNOVATION PARK AT NOTRE DAME

1400 E ANGELA BLVD
SOUTH BEND,IN46617 		NONE PC SUPPORT 30,000

LA PORTE COUNTY FAMILY YMCA

901 N MICHIGAN AVENUE
LA PORTE,IN46350 		NONE PC SUPPORT 32,000

CHILD AND PARENT SERVICES INC

PO BOX 773
ELKHART,IN46515 		NONE PC SUPPORT 10,395

UNITED WAY OF GREATER LAFAYETTE

1114 EAST STATE STREET
LAFAYETTE,IN47905 		NONE PC SUPPORT 540

JUNIOR ACHIEVEMENT OF NO INDIANA

550 E WALLEN ROAD
FORT WAYNE,IN46825 		NONE NONE CHARITABLE CONTRIBUTION 90,000

CROSSROADS UNITED WAY INC

P O BOX 3048
ELKHART,IN46515 		NONE PC SUPPORT 6,420

LOGAN RESOURCE CENTER

2505 EAST JEFFERSON BOULEVARD
SOUTH BEND,IN46615 		NONE PC SUPPORT 35,833

ARTS UNITED OF GREATER FORT WAYNE

300 EAST MAIN STREET
FORT WAYNE,IN46802 		NONE PC SUPPORT 5,000

THE STANLEY CLARK SCHOOL

3123 MIAMI STREET
SOUTH BEND,IN46614 		NONE PC KALEIDOSCOPE DINNER & 10,000

CATHOLIC CHARITIES OF FW-SB

PO BOX 10630
FORT WAYNE,IN46853 		NONE PC SUPPORT 10,000

UNITED WAY OF WHITLEY & KOSCIUSKO CO

119 E CENTER ST SUITE A5
WARSAW,IN46580 		NONE PC SUPPORT 900

FORT WAYNE RESCUE MISSION MINISTRIES

404 E WASHINGTON BLVD
FORT WAYNE,IN46802 		NONE PC GENERAL SUPPORT 33,000

ADEC

19670 STATE ROAD 120
Bristol,IN46507 		NONE PC SCHOOL PROGRAM 15,000

UNITED WAY OF ST JOSEPH COUNTY

P O BOX 6396
SOUTH BEND,IN46660 		NONE PC SUPPORT 99,000

UNITED WAY OF DEKALB COUNTY

208 S JACKSON
AUBURN,IN46706 		NONE PC SUPPORT 180

GOODWILL IND OF MICHIANA INC
C/O MS DEBIE M COBLE
P O BOX 3846
SOUTH BEND,IN46619 		NONE PC SUPPORT 5,000

PATHFINDER SERVICES
ATTN MICHELLE BANKS
2824 THEATER AVENUE
HUNTINGTON,IN46750 		NONE PC SUPPORT 10,000

NORTHERN INDIANA HISTORICAL SOCIETY

808 WEST WASHINGTON STREET
SOUTH BEND,IN466011439 		NONE PC SUPPORT 12,500

UNITED WAY OF HUNTINGTON COUNTY

PO BOX 347
HUNTINGTON,IN46750 		NONE PC SUPPORT 225

Michiana Public Broadcasting Corp

300 W JEFFERSON BLVD
South Bend,IN466347034 		NONE PC SUPPORT 40,000

REAL SERVICES INC

1151 S MICHIGAN STREET
SOUTH BEND,IN46634 		NONE PC CATERING FOOD TRUCK 8,800

Boys & Girls Club Greater NW Indiana

3691 WILLOWCREEK ROAD SUITE 200
Portage,IN46368 		NONE PC GENERAL FUND 50,000

Medical Education Foundation
North Central IN MED ED FDN
PO BOX 1602
South Bend,IN46634 		NONE PC SUPPORT 5,000

AUBURN-CORD-DUESENBERG MUSEUM

1600 SOUTH WAYNE ST
AUBURN,IN46706 		NONE PC SUPPORT 66,000

BOYS & GIRLS CLUB OF ST JOE COUNTY
ATTN JACQUELINE M KRONK CEO
502 E SAMPLE STREET
SOUTH BEND,IN46601 		NONE PC SUPPORT 3,500

LACASA INC

202 N COTTAGE AVENUE
GOSHEN,IN46528 		NONE PC SUPPORT 50,000

STUDEBAKER NATIONAL MUSEUM

201 SOUTH CHAPIN STREET
SOUTH BEND,IN46601 		NONE PC HALL OF CHAMPIONS DINNER 5,000

FISCHOFF NAT'L CHAMBER MUSIC ASSN
ATTN KARA KANE
HAGGAR HALL 119
NOTRE DAME,IN46556 		NONE PC SUPPORT 13,500

SOUTH BEND ALUMNI ASSOCIATION

215 S DR MARTIN LUTHER KING JR BLV
SOUTH BEND,IN46601 		NONE PC SUPPORT 5,000

HABITAT FOR HUMANITY OF ELKHART CTY

P O BOX 950
GOSHEN,IN46527 		NONE PC SUPPORT 10,000

HABITAT FOR HUMANITY GRTR FT WAYNE

2020 E WASHINGTON BLVD
FORT WAYNE,IN46603 		NONE PC SUPPORT 15,000

CENTER FOR THE HOMELESS

813 SOUTH MICHIGAN STREET
SOUTH BEND,IN466013102 		NONE PC SUPPORT 55,150

BOYS & GIRLS CLUB OF FORT WAYNE

2609 FAIRFIELD AVENUE
FORT WAYNE,IN46807 		NONE PC SUPPORT 5,000

CITIZENS CNRD FOR THE HOMELESS INC

1005 W 8TH STREET
MICHIGAN CITY,IN46360 		NONE PC SUPPORT 40,000

IBA FOUNDATION INC

8425 WOODFIELD CROSSING BLVD
INDIANAPOLIS,IN46240 		NONE PC GENERAL SUPPORT 2,000

SOUTH BEND-ELKHART REGIONAL FDN INC

635 S LAFAYETTE BLVD SUITE 123
SOUTH BEND,IN46601 		NONE PC SUPPORT 100,000

REBUILDING TOGETHER

803 LINCOLNWAY WEST
SOUTH BEND,IN46616 		NONE PC CHRISTMAS IN APRIL 3,500

INDIANA DUNES ENVIR LEARNING CENTER
DBA DUNES LEARNING CENTER
700 HOWE ROAD
CHESTERTON,IN46304 		NONE PC SUPPORT 10,000

CITY OF MISHAWAKA

600 E THIRD STREET
MISHAWAKA,IN46544 		NONE PC SUPPORT 100,000

CARDINAL SERVICES

504 NORTH BAY DRIVE
WARSAW,IN46580 		NONE PC SUPPORT 10,000

UNITED WAY OF NORTHWEST INDIANA
C/O ACCOUNTS RECEIVABLE
951 EASTPORT CENTRE DRIVE
VALPARAISO,IN46383 		NONE PC SUPPORT 4,215

CHRIST CHILD SOCIETY OF SOUTH BEND

2366 MIRACLE LANE CLOTHING CENTER
MISHAWAKA,IN46545 		NONE PC SUPPORT 2,500

FAITH MISSION OF ELKHART

PO BOX 162
ELKHART,IN46516 		NONE PC SUPPORT 48,000

SOUTH BEND SYMPHONY ORCHESTRA

127 N MICHIGAN STREET
SOUTH BEND,IN46601 		NONE PC SUPPORT 5,000

UNITED WAY OF FULTON COUNTY

P O BOX 583
ROCHESTER,IN46975 		NONE PC SUPPORT 1,260

YMCA OF GREATER MICHIANA

905 N FRONT ST
NILES,MI49120 		NONE PC SUPPORT 27,500

UNITED WAY OF SOUTHWEST MICHIGAN

2015 LAKEVIEW AVE
ST JOSEPH,MI49085 		NONE PC SUPPORT 10,400

UNITED WAY OF SOUTH CENTRAL MICHIGAN

709 S WESTNEDGE AVENUE
KALAMAZOO,MI49007 		NONE PC SUPPORT 450

SALVATION ARMY- MICHIGAN CITY

1201 S FRANKLIN STREET
MICHIGAN CITY,IN46360 		NONE PC SUPPORT 10,000

SOUTHWESTERN MICHIGAN COLLEGE
ATTN SUSAN B COULSTON
58900 CHERRY GROVE RD
DOWAGIAC,MI49047 		NONE SOUNK CHARITABLE CONTRIBUTION 160,000

HISPANIC AMERICAN COUNCIL

930 LAKE ST A
KALAMAZOO,MI49001 		NONE PC SUPPORT 25,000

THE AVENUE FAMILY NETWORK
THE AVENUE FAMILY NETWORK
P O BOX 8789
BENTON HARBOR,MI49023 		NONE PC SUPPORT 25,000

NEIGHBOR'S EDUCATIONAL OPPORTUNITIE

5391 CENTRAL AVENUE
PORTAGE,IN46368 		NONE PC SUPPORT 50,000

BRIDGE OF GRACE MINISTRIES

5100 GAYWOOD DRIVE
FORT WAYNE,IN46806 		NONE PC SUPPORT 50,000

SLEEP IN HEAVENLY PEACE INC

PO BOX 3373
NAMPA,ID83653 		NONE PC SUPPORT 25,000

PLYMOUTH DEPARTMENT OF FIRE AND EMS

111 N CENTER STREET
PLYMOUTH,IN46563 		NONE PC SUPPORT 9,000

DOWNTOWN SOUTH BEND FOUNDATION

217 S MICHIGAN STREET
SOUTH BEND,IN46601 		NONE PC SUPPORT 10,000

CAN-DO KALAMAZOO

3501 LAKE ST
Kalamazoo,MI49048 		NONE PC SUPPORT 10,000

Council on Aging of Elkhart County

131 WEST TYLER ST STE 1A
Elkhart,IN46516 		NONE PC ACTIVITY CENTER 20,000

HABITAT FOR HUMANITY SARASOTA INC

1757 N EAST AVENUE
SARASOTA,FL34234 		NONE PC BUILDING 10,000

Northeast Indiana Foundation Inc

200 EAST MAIN STREET STE 910
Fort Wayne,IN46802 		NONE PC SUPPORT 10,000

MARSHALL CO LLN INC

PO BOX 44
PLYMOUTH,IN46563 		NONE PC SUPPORT 125,000

CULTIVATE CULINARY SCHOOL & CATERING

1403 PRAIRIE AVENUE
SOUTH BEND,IN46613 		NONE PC SUPPORT 25,000

100 Black Women Inc South Bend

PO BOX 1478
South Bend,IN46624 		NONE PC SUPPORT 5,000

SAPPY MOFFITT FIELD FOUNDATION

711 E COLFAX ST
SOUTH BEND,IN46617 		NONE PC SUPPORT 25,000

MAKING A KID SMILE - MAKS

505 GRANT AVENUE
CHESTERTON,IN46304 		NONE PC SUPPORT 15,000

KINDNESS TO PREVENT BLINDNESS

2526 BYPASS ROAD
ELKHART,IN46514 		NONE PC SUPPORT 10,000

HUMANE SOCIETY FOR GREATER LAFAYETTE

PO BOX 891
LAFAYETTE,IN47902 		NONE PC SUPPORT 15,000
Total .................................right arrow 3a 2,043,188
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 ........... 		         
4 Dividends and interest from securities ....     14 1,050,951  
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 1,925,627  
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) ..   2,976,578  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,976,578
(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:
1ST SOURCE FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 2,445 2,445    

TY 2023 InvestmentsCorpBondsSchedule
Name:
1ST SOURCE FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Name of Bond End of Year Book Value End of Year Fair Market Value
SOUTH DAKOTA ST BLD 2.491% 6/1 257,295 234,058
AMAZON COM INC 4.650% 12/1/29 201,472 205,362
AVALONBAY COMMUN MTN 4.2% 12/1    
BALTIMORE GAS & ELEC 2.4% 8/15 205,993 188,720
BANK OF AMERICA MTN 4.450% 3/3 197,571 197,798
BIOGEN INC 2.25% 5/1/30 102,616 85,303
CITIGROUP GLOBAL MTN 5.5% 11/2 500,000 495,525
CME GROUP INC 3.0% 3/15/25 97,646 97,889
FHLMC PL #SB8156 3.0% 4/1/37 164,508 154,152
FHLMC SER 3745 CMO 4.0% 9/15/2 67,395 63,866
FNMA PL #MA4073 3.0% 6/1/40 56,317 50,628
INTERCONTINENTAL EXC 3.750% 9/ 270,566 237,283
JPMORGAN CHASE 3.9% 7/15/25 100,788 98,447
JPMORGAN CHASE & CO 158,443 143,939
MASTERCARD INC 3.5% 2/26/28 189,070 194,756
NEW YORK LIFE CLOBAL 3.00% 1/1 153,342 140,855
NIAGARA MOHAWK POWER 3.508% 10 150,542 147,315
PNC BANK NA 4.2% 11/1/25 152,954 146,870
STATE STREET CORP 2.2% 3/3/31 152,797 124,845
TOYOTA MOTOR CRT MTN 3.45% 9/2    
US TREASURY NOTES 2.0% 11/15/2 264,050 259,982
US TREASURY NOTES 2.25% 11/15/ 263,079 258,563
US TREASURY NOTES 2.250% 12/31 246,819 243,833
UNILEVER CAPITAL 1.375% 9/14/3 117,633 124,166
BLACKROCK STRAT INC OPP-INST 739,831 693,340
DODGE & COX INCOME FUND 1,686,097 1,626,277
FED HER OPP HIGH YIELD BD-IN 714,055 631,291
LORD ABBETT SHRT DUR INC-I 1,886,693 1,730,650
PIMCO REAL RETURN FUND-INST 401,377 330,923
VANGUARD S/T INVEST GR-ADM 1,071,528 1,031,769
CAPITAL ONE FINL 3.050% 3/9/20    
DUKE ENERGY FLORIDA 2.4% 12/15 166,408 168,734
GNMA SER 136 CMO 7.0 % 175,812 182,423
JOHN DEERE CAP MTN 5.150% 9/8/ 200,754 210,452
ORACLE CORP 4.65% 5/6/30 193,075 199,214
OWENS CORNING 3.95% 8/15/29 186,606 190,478
THERMO FISHER SCIENT 4.95% 197,863 206,390
MISSISSIPPI ST HOME 5.508% 197,364 199,894

TY 2023 InvestmentsCorpStockSchedule
Name:
1ST SOURCE FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Name of Stock End of Year Book Value End of Year Fair Market Value
AIR PRODUCTS & CHEMICALS    
AUTOMATIC DATA PROCESSING INC 57,023 232,970
HONEYWELL INTERNATIONAL INC 67,894 251,652
HORIZON BANCORP INC/IN 22,102 543,780
JOHNSON & JOHNSON 128,243 352,665
LAKELAND FINL CORP 25,962 605,988
MCDONALDS CORP 85,918 281,685
METLIFE INC 62,857 291,699
MICROSHIP TECHNOLOGY INC 61,534 180,360
MICROSOFT CORP 29,670 376,040
PROCTER & GAMBLE CO    
ZOETIS INC 47,712 259,344
FIRST TRUST ALT OPP FUND-1 226,148 224,984
FT CBOE VEST US DEEP BUFF OCT 545,329 553,490
ISHARES BIOTECHNOLOGY ETF 238,853 285,285
ISHARES CORE S&P MID-CAP ETF    
ISHARES CORE S&P SMALL-CAP ETF 1,141,788 1,315,887
ISHARES MSCI EAFE ETF 796,364 1,105,987
ISHARES MSCI EAFE VALUE ETF 828,970 856,420
ISHARES RUSSELL 1000 GROWTH E 3,459,650 8,830,433
ISHARES RUSSELL 1000 VALUE ETF 4,505,756 6,467,885
MFS INTERNATIONAL GROWTH-R6 1,355,910 1,713,936
REAL ESTATE SELECT SECT SPDR 300,783 277,656
SPDR S&P DIVIDEND ETF 2,438,445 2,812,825
VANGUARD MSCI EMERGING MARKETS    
VERSUS CAP RL EST 325,000 334,959
CISCO SYSTEMS INC    
LOWES COS INC    
NIKE INC-CLASS B    
NORFOLK SOUTHERN CORP    
GOLDMAN SACHS US EQ DIV/PR-I    
ISHARES RUSSELL 2000 ETF    
AB LARGE CAP GROWTH-ADV 1,000,000 1,008,368
BAIRD MIDCAP FUND-INST 460,963 504,971
ISHARES MSCI EMR MRK EX CHNA 1,704,513 1,763,146

TY 2023 InvestmentsGovtObligationsSch
Name:
1ST SOURCE FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
US Government Securities - End of Year Book Value:

1,293,850
US Government Securities - End of Year Fair Market Value:

1,293,850
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2023 OtherAssetsSchedule
Name:
1ST SOURCE FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
LAPORTE COMM DEVPMT PTRSHP LLC 38 4 4
NOTRE DAME PIT 387,941 451,026 451,026
COMMUNITY BUSINESS CREDIT 20,000 20,000 20,000
1842 FUND I LP   26,445 26,445


TY 2023 OtherExpensesSchedule
Name:
1ST SOURCE FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES 28,098 0   0


TY 2023 OtherIncreasesSchedule
Name:
1ST SOURCE FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Description Amount
TIMING DUE TO AROUNDING 10,744


TY 2023 TaxesSchedule
Name:
1ST SOURCE FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL ESTIMATES - PRINCIPAL 45,000 0   0
FOREIGN TAXES ON QUALIFIED FOR 9,571 0   0
FOREIGN TAXES ON NONQUALIFIED 4,266 0   0