Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
The Mary Alice and Bennett Brown Foundation
Inc
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

58-6332776
B Telephone number (see instructions)

(800) 839-1754
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$8,667,988J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 4,570 4,570  
4 Dividends and interest from securities... 283,078 283,078  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 132,300
b Gross sales price for all assets on line 6a 940,990
7 Capital gain net income (from Part IV, line 2)... 132,300
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,326 350  
12 Total. Add lines 1 through 11........ 423,274 420,298  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
53,904 53,904    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
27,353 2,253    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,874     4,874
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
54,645 211   54,434
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 140,776 56,368   59,308
25 Contributions, gifts, grants paid....... 350,000 350,000
26 Total expenses and disbursements. Add lines 24 and 25 490,776 56,368   409,308
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -67,502
b Net investment income (if negative, enter -0-) 363,930
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 584,004 138,474 138,474
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 344,277 Click to see attachment
List of Attached Documents:
// Content
362,194 		343,714
b Investments—corporate stock (attach schedule)....... 6,814,424 Click to see attachment
List of Attached Documents:
// Content
6,901,191 		7,732,839
c Investments—corporate bonds (attach schedule)....... 197,499 Click to see attachment
List of Attached Documents:
// Content
218,663 		199,196
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)..........   Click to see attachment
List of Attached Documents:
// Content
252,180 		253,765
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) 7,940,204 7,872,702 8,667,988
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 7,940,204 7,872,702
29 Total net assets or fund balances (see instructions)..... 7,940,204 7,872,702
30 Total liabilities and net assets/fund balances (see instructions). 7,940,204 7,872,702
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
7,940,204
2
Enter amount from Part I, line 27a .....................
2
-67,502
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,872,702
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,872,702
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 940,990   808,690 132,300
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       132,300
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 132,300
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 5,059
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  
3 Add lines 1 and 2........................... 3 5,059
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,059
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 6,236
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,236
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,177
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,177 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (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 arrowGA
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 arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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
Alex Armknecht Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Charlotte Armknecht Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Rustin Armknecht Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Alden Brown Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jessica Brown Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Leila B Brown Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Bennett A Brown III Co-Chairman, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Bennett A Brown IV Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Brice D Dixon Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Charlotte Brown Dixon Chairman
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Layne A Dixon Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Katherine B Ohlhausen Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Marshall Ohlhausen Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Wallis Ohlhausen Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................right arrow  
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
Foundation Source Administrative 54,434
55 Walls Drive 3rd Fl
Fairfield,CT06824
Morgan Stanley Investment MGMT 53,904
3280 PEACHTREE ROAD NE STE 2000
ATLANTA,GA30305
Total number of others receiving over $50,000 for professional services.............right arrow  
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
7,983,557
b
Average of monthly cash balances.......................
1b
355,911
c
Fair market value of all other assets (see instructions)................
1c
4,142
d
Total (add lines 1a, b, and c).........................
1d
8,343,610
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
8,343,610
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
125,154
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,218,456
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
410,923
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
410,923
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,059
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,059
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
405,864
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
405,864
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
405,864
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
409,308
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
409,308
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 7 405,864
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 336,942
b Total for prior years:2021, 2020, 2019  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 409,308
a Applied to 2022, but not more than line 2a 336,942
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 72,366
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		333,498
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
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

ATLANTA BELTLINE PARTNERSHIP INC

970 JEFFERSON ST NW STE 4
ATLANTA,GA30318 		N/A PC Exercise Classes/Public Engagement fund 10,000

ATLANTA CHARITY CLAYS INC

1000 NORTHFIELD CT STE 120
ROSWELL,GA30076 		N/A PC Annual Charity Event 10,000

BEST SEAT IN THE HOUSE

1570 EAST 8600 S
SANDY,UT84093 		N/A PC Bringing Joy to Children Program support 5,000

BOY SCOUTS OF AMERICA

1800 CIR 75 PKWY SE
ATLANTA,GA30339 		N/A PC STEM Upgrades at Bert Adams Center Scout Camp 10,000

CAMP SOUTHERN GROUND INC

100 SOUTHERN GROUND PKWY
FAYETTEVILLE,GA30215 		N/A PC Inclusive Summer Camp Program 10,000

CARROLL COUNTY CHILD ADVOCACY CENTER INC

PO BOX 314
CARROLLTON,GA30112 		N/A PC Forensic Interviewing System Upgrade 10,000

CARROLLTON PRESBYTERIAN CHURCH

14 MAPLE ST
CARROLLTON,GA30117 		N/A PC Loving Care for Children - Nursery Staff 10,000

CIRCLES OF WEST GEORGIA INC

606 NEWMAN ST
CARROLLTON,GA30117 		N/A PC Program Operations 7,500

CITY OF REFUGE INC

1300 JOSEPH E BOONE BLVD NW
ATLANTA,GA30314 		N/A PC Eden Village Housing with comprehensive support services for mothers and children experiencing homelessness 10,000

CURENFWITHJACK

730 AUTUMN CLOSE
MILTON,GA30004 		N/A PC NF Research - Nonsense Mutation Gene Therapy Project 10,000

DRAWCHANGE INC

PO BOX 55627
ATLANTA,GA30308 		N/A PC to cover Operating expenses 10,000

EAGLE RANCH INC

5500 UNION CHURCH RD
FLOWERY BRANCH,GA30542 		N/A PC Mental Health Counseling 10,000

FAMILIES AND COMMUNITIES TOGETHER RELIEF - FACT RE

2246 ROSWELL RD
MARIETTA,GA30062 		N/A PC Project HOPE 10,000

FOR THE KIDS ORG

825 N 300 WEST STE C-139
SALT LAKE CTY,UT84103 		N/A PC for Jackson Elementary and Long Holiday Breaks 20,500

GEORGE WEST MENTAL HEALTH FOUNDATION INC

1961 N DRUID HILLS RD NE
BROOKHAVEN,GA30329 		N/A PC Skyland Trail for Teen and Adolescents - Substance Abuse program 10,000

GEORGIA STATE UNIVERSITY FOUNDATION INC

PO BOX 2668
ATLANTA,GA30301 		N/A PC Bennett A. Brown Scholarship fund 10,000

GIRLS ON THE RUN UTAH INC

PO BOX 58337
SALT LAKE CTY,UT84158 		N/A PC Girls on the Run Utah Scholarship fund Initiative 10,000

GREENHOUSE SCHOLARS

1820 FOLSOM ST
BOULDER,CO80302 		N/A PC Whole Person program 10,000

KENYA KEYS

PO BOX 2348
LAKE OSWEGO,OR97035 		N/A PC Kenya Keys Foundation Fund 13,000

KIPP METRO ATLANTA COLLABORATIVE INC

1445 MAYNARD RD NW
ATLANTA,GA30331 		N/A PC for the Forward Program and the Hype Program STEM 20,000

NATIONAL OUTDOOR LEADERSHIP SCHOOL

284 LINCOLN ST
LANDER,WY82520 		N/A PC NOLS Access Partner Program - Two Full Tuitions for Underserved Youth 12,000

PATH FOUNDATION INC

1601 W PEACHTREE ST
ATLANTA,GA30309 		N/A PC Build Trails fund 10,000

PIEDMONT PARK CONSERVANCY INC

PO BOX 570355
ATLANTA,GA30357 		N/A PC Youth Environmental Program 7,500

POSSE FOUNDATION - ATLANTA

101 MARIETTA ST NW SUITE 1040
ATLANTA,GA30303 		N/A PC Posse Atlanta: College Success and Leadership Development Program 20,000

RVC SEATTLE

3715 S HUDSON ST STE 103
SEATTLE,WA98118 		N/A PC AGE UP Project: Summer Internship Program 5,000

SALT AND LIGHT COALITION NFP

208 N GREEN ST
CHICAGO,IL60607 		N/A PC Workforce Development Program 5,000

SISTERCARE INC

PO BOX 1029
COLUMBIA,SC29202 		N/A PC Children's Counseling Program 2,000

THE CONSERVATION FUND A NONPROFIT CORPORATION

1655 N FORT MYER DR STE 1300
ARLINGTON,VA22209 		N/A PC Finding the Flint river program/Protected Green Space 10,000

THORNWELL

302 S BROAD ST
CLINTON,SC29325 		N/A PC Building Families - Georgia 10,000

UNIVERSITY OF UTAH

201 PRESIDENTS CIR RM 203
SALT LAKE CTY,UT84112 		N/A PC U Collaborate: Scholarship fund Supporting LGBTQ Resource Center 5,000

UNIVERSITY OF UTAH

201 PRESIDENTS CIR RM 203
SALT LAKE CTY,UT84112 		N/A PC U Collaborate: Scholarship fund for Students Supporting LGBTQ Communities 10,000

UTAH DOMESTIC VIOLENCE COUNCIL

124 S 400 E STE 430
SALT LAKE CTY,UT84111 		N/A PC UDVC LINKLine - the statewide Domestic Violence Hotline in Utah 2,000

WASATCH COMMUNITY GARDENS

629 E 800 S
SALT LAKE CITY,UT84102 		N/A PC Green Team Job Training Program 5,000

WASTELESS SOLUTIONS INC

999 E MURRAY HOLLADAY RD STE 202
MILLCREEK,UT84117 		N/A PC to cover Ramping up Food Rescue Program Salaries 10,000

X BOYS PREPARATORY SCHOOL INC

PO BOX 24
ALBANY,GA31702 		N/A PC The Life Preparatory School for Boys Renovation Project 15,500

YOUNG WOMENS CHRISTIAN ASSOCIATION OF UTAH

322 E 300 S
SALT LAKE CITY,UT84111 		N/A PC Domestic Violence Program - to cover Salary 5,000
Total .................................right arrow 3a 350,000
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 4,570  
4 Dividends and interest from securities ....     14 283,078  
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 ............ 		    18 132,300  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aCLASS ACTION LAWSUIT PROCEEDS 		    01 350  
bSTATE TAX REFUND     01 1,669  
cFEDERAL TAX REFUND     01 1,307  
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   423,274  
13Total. Add line 12, columns (b), (d), and (e)..................
13
423,274
(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


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Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

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TY 2023 DepreciationSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 InvestmentsCorpBondsSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Name of Bond End of Year Book Value End of Year Fair Market Value
AMAZON INC - 2.100% - 05/12/20 18,703 16,388
AT&T, INC - 2.550% - 12/01/203 16,850 16,316
BANK AMER CORP MTN - 2.884% - 19,701 16,874
CITIGROUP INC NOTE - 3.668% - 17,254 16,213
COMCAST CORP NOTE - 4.150% - 1 17,257 15,791
CVS CAREMARK CORP NOTE - 4.300 18,054 15,747
ENTERPRISE PRODUCTS OPERTATING 17,238 17,062
GOLDMAN SACHS - 3.800% - 03/15 18,339 15,050
JP MORGAN CHASE BANK - 4.203% 22,481 21,398
SHELL INT'L FINANCE - 2.875% - 17,043 16,370
VERIZON COMMUNICATIONS - 4.125 18,450 15,776
WELLS FARGO - 3.584% - 05/22/2 17,293 16,211

TY 2023 InvestmentsCorpStockSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Name of Stock End of Year Book Value End of Year Fair Market Value
ABB LTD 3,780 8,816
ABBOTT LABS 2,973 5,978
ABBVIE INC 17,092 25,725
ACUSHNET HOLDINGS CORP 1,184 1,895
ADIENT PLC 1,150 1,555
ADOBE SYSTEMS, INC 2,026 7,159
ADVANTEST CORP - ADR 4,506 5,096
ADYEN N.V. 7,372 6,221
AGREE REALTY CORP 1,395 1,375
AIA GROUP LTD ADR 20,915 19,866
AIR PRODS & CHEM INC 15,051 20,859
AIRBUS GROUP 7,184 10,144
AKZO NOBEL NV-ADR 9,114 7,046
ALCON INC 11,776 13,671
ALFA LAVAL AB 4,063 8,356
ALIBABA GROUP HOLDING LTD 2,791 2,799
ALLETE INC 786 762
ALLIANZ SE 16,954 23,114
AMAZON COM 9,925 24,310
AMBEV SA 7,302 5,412
AMERICA MOVIL SA 9,396 11,686
AMGEN INC 4,137 4,200
AMPHENOL CORPORATION 5,140 11,003
ANGLO AM PLC ADR 6,523 5,279
ANHUI CONCH CEM ADR 12,533 5,239
AON PLC CL A 4,135 9,731
APPLE HOSPITALITY REIT INC 1,287 1,445
APPLE INC 4,469 14,247
APTIV PLC 2,951 3,140
ARCH CAPITAL GROUP LTD 12,539 22,578
ARISTA NETWORKS 4,579 12,927
ARMSTRONG WORLD INDU 3,508 4,916
ASE TECHNOLOGY HOLDINGS CO LTD 12,782 15,272
ASHLAND GLOBAL HOLDINGS 746 775
ASICS CORPORATION 3,185 5,589
ASM INTERNATIONAL NV 6,979 9,982
ASM PACIFIC TECH 6,188 5,310
ASML HOLDING NV NY REG SHS 7,437 11,055
ASSA ABLOY UNSP/ADR 4,787 6,270
ASSURANT INC 1,640 2,122
ATKORE INTERNATIONAL GROUP INC 519 3,520
ATLAS COPCO AB A SHS ADR 3,490 10,446
ATLASSIAN CORP CL A 5,114 5,947
AUTOMATIC DATA PROCESSING INC 10,076 13,286
AVIENT 1,583 1,509
AXIS CAPITAL HOLDINGS LTD 2,085 2,070
BANCO BILBAO ARG SA 8,870 11,196
BANCO DO BRASIL S A SPONSORED 8,373 12,499
BANDAI NAMCO HOLDINGS INC 5,322 4,281
BANK OF NT BUTTERFIELD AND SON 1,226 1,297
BARNES GROUP INC 908 696
BB SEGURIDADE 9,967 12,034
BELDEN INC 1,898 1,777
BERKLEY W R CP 4,206 7,284
BERRY PLASTICS GROUP INC 1,388 2,359
BHP BILLITON LIMITED 17,029 15,370
BIDVEST GROUP LTD (ADR) 4,181 5,756
BIONTECH SE ADR 6,041 6,378
BLACK HILLS CORP 1,758 1,394
BLACKROCK HIGH YIELD BOND PORT 349,121 316,999
BP PLC SPONSORED ADR 10,225 12,036
BREAD FINANCIAL HOLDINGS 669 725
BROADCOM INC 12,030 36,097
BROOKFIELD ASSET MANAGEMENT LT 5,622 6,427
BROOKFIELD CORP ORD SHS CL A 3,705 5,858
BROWN & BROWN INC 6,426 13,511
BROWN FORMAN CORP CL B 5,054 5,349
BUREAU VERITAS SA 9,492 7,952
CACI INTL INC 1,707 1,996
CADENCE BANCORPORATION 1,409 2,071
CALAMOS MARKET NEUTRAL FD CL I 152,348 151,069
CALRSBERG AS SP ADR REP B 5,231 5,330
CANADIAN NATL RAILWAY CO 3,467 5,905
CAP GEMINI SA UNSP/ADR 6,019 6,863
CARLISLE COS INC 9,516 16,559
CARMAX INC 9,985 12,125
CDW CORP 4,857 11,593
CHEMICAL AND MINING CO OF CHIL 7,786 6,203
CHEVRON CORP 17,606 20,435
CHINA CONSTRUCT UNSPON ADR 20,306 15,158
CHINA MERCHANTS BANK 9,706 6,948
CHINA SHENHUA ADR 2,804 4,569
CHOICE HOTELS INTERNATIONAL IN 946 1,172
CHUBB LIMITED 6,914 7,084
CHUGAI PHARMACEUTICAL CO., LTD 11,141 16,871
CIRRUS LOGIC INC 1,196 1,581
CISCO SYSTEMS INC 7,740 11,367
CME GROUP, INC 3,357 3,323
CNX RESOURCES CORP 506 647
COCA COLA EUROPEAN PARTNERS PL 5,819 6,941
COLUMBIA BANKING SYSTEM, INC 1,587 2,508
COLUMBIA SPORTSWEAR CO 1,386 1,511
COMERICA INC 681 845
COMML INTL BK S/ADR 7,359 4,846
COMPAGNIE FINANCIERE RICHEMONT 7,322 7,521
COMPASS GROUP PLC ADR 9,513 12,570
CONCENTRIX CORP 786 1,300
CONTL AG SPONS ADR 9,791 8,611
COPART INC 4,257 13,622
CORNING INC 9,803 7,826
COVESTRO AG 4,632 5,609
CREDICORP LTD 4,710 4,798
DAIFUKU CO LTD UNSPONSRED ADS 4,378 4,615
DAIKIN INDS LTD ADR 8,931 7,471
DAIWA HOUSE IND LTD 5,796 6,090
DASSAULT SYS SA SPN ADR 9,406 15,686
DBS GROUP HLDGS SPON ADR 14,173 24,404
DELL TECHNOLOGIES INC CLASS C 3,397 3,723
DIODES 1,810 2,059
DISCO CORPORATION 2,873 7,342
DOLLAR TREE INC 10,872 14,773
DRS TECHNOLOGIES INC 1,237 1,804
EAST WEST BANCORP, INC 1,504 2,878
EATON CORP PLC 15,028 26,009
ELI LILLY & CO 8,840 29,667
ENGIE 13,483 17,479
ENGIE BRASIL ENERGIA S A 4,997 5,303
ENLINK MIDSTREAM LLC 1,344 1,398
ENN ENERGY HOLDINGS LIMITED 7,757 3,295
EPIROC AB 3,923 8,026
EQUINIX, INC 2,417 4,832
ESSENT GROUP LTD 1,679 1,972
ESTEE LAUDER COMPANIES INC 5,509 4,656
EVERSOURCE ENERGYINC 5,697 4,442
EXPEDITORS INTL WASH INC 2,917 5,724
EXPERIAN GROUP LTD S/ADR 4,117 4,074
EXXON MOBIL CORP 6,314 5,673
F.N.B CORPORATION 1,926 2,616
FANUC LIMITED UNSPONSORED 6,115 6,232
FASTENAL COMPANY 3,593 4,232
FIRST FINANCIAL BANCORP 1,467 1,615
FIRST INTERSTATE BANCSYSTEM IN 1,563 1,678
FLEXTRONICS INTERNATIONAL 724 2,589
FLOOR AND DECOR HOLDINGS 7,244 10,821
FLOWERS FOODS INC 1,494 1,238
FOMENTO ECONOMICO MEXICANO 9,829 18,249
FULLER H B CO 1,356 2,264
GALP ENERGIA 8,883 12,540
GARTNER INC 9,015 21,202
GAZPROM PJSC SPON ADR EA REP 2 5,461 956
GENMAB A/S SPON 7,625 5,890
GILDAN ACTIVEWEAR INC 4,621 4,232
GLACIER BANCORP INC 6,218 6,653
GLOBUS MEDICAL INC 747 662
GRAINGER W W INC 2,110 6,618
GREEK ORG FOOTBALL 3,899 4,534
GRIFFON CORP 702 696
GROUP 1 AUTOMOTIVE INC 1,121 1,965
GRUPO FIN ADR 4,757 8,887
H AND E EQUIPMENT SERVICES INC 974 1,831
HAIER SMART HOME ADR 18,171 15,110
HALEON PLC 10,633 10,493
HALMA PLC ADR 3,446 4,118
HANCOCK WHITNEY CORPORATION 1,562 2,986
HANOVER INS GROUP 1,299 1,457
HDFC BANK LTD ADR 6,650 9,261
HENGAN INTL GRP ADR 16,378 7,958
HENKEL KGAA PFD SHS ADR 5,357 5,767
HIMAX TECHNOLOGIES - ADR 10,524 5,056
HOME DEPOT INC 8,502 17,232
HOPE BANCORP INC 1,832 1,546
HOYA CORP SPONS ADR 7,031 8,343
HSBC HOLDINGS PLC 8,165 10,216
HUNTSMAN CORP 959 1,282
ICICI BK LTD ADS 1,811 5,436
ICON PLC - AMERICAN DEPOSITARY 7,249 9,207
ILLINOIS TOOL WORKS 6,110 10,931
IMCD GROUP 4,452 5,480
INDEPENDENCE REALTY TR 1,702 1,414
INFINEON TECH ADS 17,430 22,222
INFOSYS TECH LTD SPD ADR 6,085 8,473
ING GROUP N V SPONSORED ADR 7,240 8,441
INTEGER HOLDINGS CORP 1,458 2,059
INTEGRA LIFESCIENCES HOLDINGS 844 729
INTEL CORP 3,760 4,422
INTERCONTINENTAL EXCHANGE, INC 1,308 1,548
INTERNATIONAL SEAWAYS INC 1,390 1,315
INTUIT 2,975 4,375
INTUITIVE SURGICAL 4,894 6,072
ISHARES BARCLAYS US AGGREGATE 588,456 557,983
ISHARES S&P SMALLCAP 600 GROWT 121,760 173,694
ISHARES TR S & P MIDCAP 400 IN 78,845 126,380
ITT INC 958 2,842
J & J SNACK FOODS CORP 1,767 2,173
JD.COM, INC 4,820 5,056
JOHNSON CONTROLS INTERNATIONAL 3,539 2,936
JONES LANG LASALLE INC PROP TR 302,971 306,563
KASIKORNBANK PUB CO LTD ADR CM 5,875 5,080
KB HOME 966 2,072
KBC GROUP SA UNSP ADR 6,466 6,334
KBR INC 945 2,272
KEURIG DR PEPPER INC 13,659 12,495
KIMBERLY CLARK 7,611 9,323
KINDER MORGAN INC 5,571 5,574
KIRBY CORPORATION 897 1,570
KITE RLTY GROUP TRUST 1,185 1,456
KNIFE RIVER HOLDING COMPANY 677 798
KOMATSU LTD 5,601 7,113
KOOKMIN BANK 10,759 11,253
KT CORP ADS 8,910 8,198
L'AIR LIQUIDE ADR OTC 11,257 15,931
L'OREAL ADR 10,292 17,794
LABCORP HLDGS INC (LABORATORY 6,830 10,669
LEGRAND INC 7,769 7,796
LENOVO GROUP LTD ADR 15,004 20,530
LEXINGTON REALTY TRUST 1,374 1,488
LIBERTY BROADBAND CORPORATION 10,290 9,671
LIBERTY MEDIA CORPORATION - SE 7,204 7,386
LIBERTY OILFIELD SVCS INC COM 1,180 1,387
LIFE HEALTHCARE GR UNSPON ADR 6,620 4,831
LINDE PLC COM 5,515 7,178
LOCKHEED MARTIN CORP 10,087 14,069
LONDON STK EXCHANGE GROUP 6,166 7,074
LORD ABBETT INVESTMENT TRUST S 1,058,283 987,320
LOUISIANA PACIFIC CP 677 2,100
M/I HOMES, INC 1,401 1,394
MADDEN STEVEN LTD 1,022 1,722
MAGNOLIA OIL + GAS CORPORATION 1,160 1,374
MANULIFE FIN CORP 10,585 13,127
MARSH AND MCLENNAN COMPANIES I 11,950 22,547
MASTEC INC 1,321 2,423
MATADOR RESOURCES COMPANY 1,706 1,928
MCDONALD'S CORP 14,828 20,870
MERCK & CO INC 18,776 25,947
MERCK KGAA SPON ADR EACH REPR 6,881 6,769
MERITAGE CORPORATION 939 2,080
META PLATFORMS INC 6,249 14,512
MICROCHIP TECHNOLOGY INC 2,553 3,968
MICROSOFT CORP 10,363 39,484
MKS INSTRUMENTS, INC 9,687 9,053
MOBILE TELSYS OJSC 7,434 4,362
MOELIS AND COMPANY 8,393 11,170
MOL MAGYAR RT S/ADR 5,118 5,813
MONDELEZ INTERNATIONAL INC 21,302 25,206
MONSTER BEVERAGE CORP 3,522 5,305
MTU AERO ENGINES 3,720 3,953
MURPHY OIL CP HLDG 1,286 1,368
NATL HEALTH INVESTOR 1,552 1,396
NCR VOYIX CORPORATION 535 647
NEDBANK GROUP LTD S/ADR 5,703 7,873
NESTLE S.A 4,296 6,360
NETFLIX INC 6,629 10,319
NETSCOUT SYSTEMS, INC 1,722 1,311
NEXTERA ENERGY, INC 16,827 19,315
NIKE INC-CL B 5,243 4,647
NOBLE CORPORATION 1,391 1,377
NOMURA RESEARCH INST LTD 8,411 8,921
NOTORI HOLDINGS 6,932 5,518
NOVO NORDISK A S 13,628 16,779
NOVOZYMES A/S UNSP/ADR 3,914 4,063
NVIDIA CORP 3,350 17,118
NXP SEMICONDUCTORS 6,661 7,091
OGE ENERGY CORP 2,262 2,109
OIL CO LUKOIL PJSC SPON ADR RE 17,281 1,622
OXFORD INDUSTRIES 767 741
PACCAR INC 8,933 14,355
PALO ALTO NETWORKS INC 955 7,471
PATTERSON COMPANIES INC COM 1,350 1,298
PATTERSON-UTI ENERGY INC 1,522 1,382
PAYCHEX 5,221 8,712
PAYPAL HOLDINGS, INC 8,483 3,869
PBF ENERGY INC 1,339 1,627
PEPSICO INC 18,020 23,268
PERFORMANCE FOOD GROUP COMPANY 682 1,591
PERNOD RICARD S A SPONSORED AD 7,292 7,166
PETROBRAS DISTRIBUIDORA UNSPON 6,800 8,068
PETROLEO BRASILEIRO 7,398 10,716
PHILLIPS 66 9,909 12,143
PIMCO SHORT TERM FUND P 387,805 380,598
PING AN INSURANCE GROUP ADR 20,125 10,175
PNC FINANCIAL GROUP INC 18,306 18,892
POWER INTEGRATIONS, INC 1,378 1,432
PRESTIGE BRAND HLGS 1,345 1,347
PROCTER GAMBLE CO 20,189 21,395
PROLOGIS 11,938 14,663
PRUDENTIAL JENNISON MLP Z 232,632 241,208
PT ASTRA INTL ADR 9,879 6,907
PT BK MANDIR PRS UNSP/ADR 6,314 11,860
PT TELEKOM. IND. TBK ADR 12,691 14,194
QUALCOMM INC 7,161 8,220
RAYTHEON TECHNOLOGIES CORP 10,622 9,087
REALTY INCOME CORP 16,550 14,700
RECRUIT HOLDINGS CO 3,607 4,576
REGAL REXNORD CORP 944 1,818
REGIONS FINANCIAL CORP 3,379 3,275
RELX PLC 10,004 16,618
RENESAS ELECTRONICS CORP 4,707 6,213
RIO TINTO PLC SPONSORED ADR 8,183 11,243
ROCHE HOLDING LTD ADR 28,595 22,716
ROSS STORES, INC 12,282 19,375
RYANAIR HOLDINGS PLC-ADR COM 7,041 11,602
RYERSON INC 855 829
S&P GLOBAL INC COM 2,540 6,372
SAIA, INC 128 717
SALESFORCE.COM 5,641 6,998
SAMPO PLC UNSPONSORED ADR 9,300 8,561
SANDVIK AB SPONS ADR 5,847 5,854
SANDY SPRING BANCORP INC 707 790
SANLAM LTD SPONSORED ADR (SOUT 7,367 8,140
SAP AKTIENGESELL ADS 17,733 23,034
SBERBANK ROSSII PAO 6,001 6,514
SCHNEIDER ELEC UNSP/ADR 5,400 11,868
SELECTIVE INS GROUP INC 977 1,313
SEMPRA ENERGY COM 14,244 16,515
SHELL ADR EACH REPRESENTING 2 8,631 11,318
SHERWIN-WILLIAMS CO 4,275 5,302
SHIMANO INC UNSP ADR EACH REPR 3,800 3,608
SHIN-ETSU CHEMICAL C 7,003 7,231
SHINHAN FINL GROUP CO LTD 9,109 7,910
SHIONOGI & CO LTD 6,725 5,687
SHISEIDO CO LTD 5,351 3,304
SIEMENS HEALTHINEERS AG 4,922 6,321
SINOPHARM GROUP CO 6,902 7,321
SONOVA HOLDING AG AD 3,500 5,618
SONY GROUP CORP 11,682 12,499
SOUTHWEST GAS CP 1,450 1,457
SPIRIT REALTY CAPITAL, INC 1,063 1,442
SPLUNK INC 1,828 2,093
STANDARD BANK GROUP SPON ADR 6,249 7,970
STARBUCKS CORP COM 13,182 17,474
STEWART INFORMATION SVCS CORP 1,875 1,765
STIFEL FINANCIAL CP 1,197 3,112
STRYKER CORPORATION 3,367 4,672
SUMMIT MATERIALS INC 1,015 1,692
SUNCOR ENERGY INC 5,537 6,440
SUZUKI MOTOR CORP UNSP ADR 7,263 6,303
SYMRISE AG UNSPONSORED 3,802 6,327
SYNNEX CORP 1,190 1,507
SYNOVUS FINL CP 1,873 2,790
SYSMEX CORP UNSP ASDR 4,634 4,192
TAIWAN SEMICONDUCTOR MFG CO LT 24,140 41,496
TAKE-TWO INTERACTIVE SOFTWARE 4,018 5,150
TARGET CORPORATION 4,226 5,020
TELE NORTE CELULAR PARTICIPACO 1,556 1,511
TENCENT HOLDINGS LIMITED 10,517 7,747
TEREX CORP 1,924 2,054
TERNIUM S.A. ADS 5,515 5,139
TESLA MOTORS INC 1,635 2,642
TEXAS INSTRUMENTS INC 9,048 16,420
TEXAS ROADHOUSE, INC 1,002 1,659
THALES S.A. 8,627 10,131
THERMO FISHER SCIENTIFIC INC 3,756 7,906
THOR INDS INC 5,459 6,622
TIMKEN CO COM 1,459 1,460
TINGYI CAYMAN ISLANDS HLDGS CO 9,164 5,815
TRAVELERS COMPANIES INC 13,100 13,987
TTM TECHNOLOGIES INC 1,454 2,024
UBER 3,607 5,793
UNICHARM CORP - SPN ADR 6,083 6,488
UNIFIRST CP 1,428 1,627
UNILEVER PLC AMER 23,157 20,507
UNION PACIFIC 3,956 4,278
UNITED PARCEL SERVICE 16,390 13,954
UNITED TRACTORS UNSPON ADR 7,194 4,978
UNITEDHEALTH GROUP INC 3,647 10,529
UNIVERSAL MUSIC GROUP 4,546 5,902
US BANCORP 18,334 18,481
VALE SA 7,338 8,501
VALLEY NATL BANCORP 2,164 2,606
VANGUARD FTSE DEVELOPED MARKET 206,255 252,864
VANGUARD FTSE EMERGING MARKETS 153,568 158,728
VANGUARD GROWTH ETF 190,236 488,082
VANGUARD VALUE ETF 157,768 242,639
VIAVI SOLUTIONS INC 1,076 957
VISA INC 6,929 13,750
VISHAY INTERTECH 1,176 1,510
VODACOM GROUP LIMITE 9,149 6,471
VONOVIA SE 8,432 6,608
WASHINGTON FED INC 1,440 1,615
WATERS CORP 7,067 8,387
WEBSTER FINL CORP 2,358 3,418
WEC ENERGY GROUP, INC 5,357 6,816
WERNER ENTERPRISES INC 1,562 1,952
WESCO INTL INC 431 1,739
WESTERN ASSET SMASH SERIES C F 104,828 105,665
WESTERN ASSET SMASH SERIES EC 399,942 301,997
WESTERN ASSET SMASH SERIES M F 180,040 139,820
WILLIAMS COS 12,924 13,723
WORKDAY INC 4,647 5,366
XP INC CL A 5,911 4,901
YANDEX N V 1,850 1,307
ZOETIS INC 2,416 4,830
ZOZO INC. ADR 4,601 4,375
ZURN WATER SOLUTIONS 1,041 1,382

TY 2023 InvestmentsGovtObligationsSch
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
US Government Securities - End of Year Book Value:

362,194
US Government Securities - End of Year Fair Market Value:

343,714
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACKSTONE BCRED   252,180 253,765

TY 2023 OtherExpensesSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 54,434     54,434
Bank Charges 211 211    


TY 2023 OtherIncomeSchedule2
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Class Action Lawsuit Proceeds 350 350  
State Tax Refund 1,669    
Federal Tax Refund 1,307    


TY 2023 OtherProfessionalFeesSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 53,904 53,904    


TY 2023 TaxesSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 6,100      
990-PF Extension for 2022 2,800      
990-T Extension for 2022 13,000      
Foreign Tax Paid 2,253 2,253    
STATE UBI TAX 2022 3,200