TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
LT Murray Family Foundation

% 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

51-0163345

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$9,249,082J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	2,252		2,252
4	Dividends and interest from securities...	231,450		231,450
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		252,299
b	Gross sales price for all assets on line 6a 2,472,563
7	Capital gain net income (from Part IV, line 2)...			252,299
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).......
12	Total. Add lines 1 through 11........	486,001		486,001
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	7,499	0	0	7,499
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	62,750	62,750
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	9,364	1,960
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	6,000				6,000
21	Travel, conferences, and meetings.......	1,025				1,025
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	28,312	950		27,362
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	114,950		65,660	0	41,886
25	Contributions, gifts, grants paid.......	370,038				370,038
26	Total expenses and disbursements. Add lines 24 and 25	484,988		65,660	0	411,924
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,013
b	Net investment income (if negative, enter -0-)			420,341
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	75,842	133,428	133,428
	3	Accounts receivable
		Less: allowance for doubtful accounts	5,406
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,382,717	List of Attached Documents: // Content 1,287,731	1,191,655
	b	Investments—corporate stock (attach schedule).......	4,888,374	List of Attached Documents: // Content 4,944,138	6,462,122
	c	Investments—corporate bonds (attach schedule).......	1,400,894	List of Attached Documents: // Content 1,383,377	1,282,649
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	189,794	List of Attached Documents: // Content 195,366	179,228
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,943,027	7,944,040	9,249,082
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	7,943,027	7,944,040
	29	Total net assets or fund balances (see instructions).....	7,943,027	7,944,040
	30	Total liabilities and net assets/fund balances (see instructions).	7,943,027	7,944,040

Part III

Analysis of Changes in Net Assets or Fund Balances

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

7,943,027

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

1,013

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

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

7,944,040

Decreases not included in line 2 (itemize) right arrow

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

7,944,040

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	CAIS MILLENNIUM INTL LTD CL D	P	2017-12-31	2023-02-23
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,283,858	2,218,702	65,156
b	188,705	1,562	187,143
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			65,156
b			187,143
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	252,299
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	5,843
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	5,843
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	5,843
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	6,300
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	6,300
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	457
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax457	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Allison Barbey	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Anita Barbey	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Amy Butson	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Gary Coover Jr	Dir, Pres 2.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 2.0	0	0	0
Kelsey Hayford	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Helena B Lankton	Dir, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Treas 1.0	0	0	0
Elizabeth Mirante	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Kyra Mirante	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
Bailey Murray	Dir 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir 1.0	0	0	0
LT Toby Murray III	Dir, Executive Dir 20.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Executive Dir 20.0	0	0	0
Laura Weselmann	Sec 2.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Sec 2.0	0	0	0

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...................

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
Ferguson Wellman Capital Management	Investment MGMT	62,750
888 Southwest Fifth Avenue STE 120 PORTLAND,OR97204	Investment MGMT	62,750

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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

8,635,517

Average of monthly cash balances.......................

203,200

Fair market value of all other assets (see instructions)................

206,165

Total (add lines 1a, b, and c).........................

9,044,882

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

9,044,882

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

135,673

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

8,909,209

Minimum investment return. Enter 5% (0.05) of line 5................

445,460

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.)

Minimum investment return from Part IX, line 6..................

445,460

Tax on investment income for 2022 from Part V, line 5.......

5,843

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

5,843

Distributable amount before adjustments. Subtract line 2c from line 1............

439,617

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

439,617

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

439,617

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

411,924

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

411,924

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				439,617
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			22,913
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: $ 411,924
a Applied to 2022, but not more than line 2a			22,913
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.....				389,011
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 ..........				50,606
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)

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 4942(j)(3) or4942(j)(5)

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

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

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHARLES WRIGHT ACADEMY 7723 CHAMBERS CREEK RD W TACOMA,WA98467	N/A	PC	General & Unrestricted	2,500
COLUMBIA RIVER MARITIME MUSEUM INC 1792 MARINE DR ASTORIA,OR97103	N/A	PC	General & Unrestricted	25,000
COLUMBIA RIVER MARITIME MUSEUM INC 1792 MARINE DR ASTORIA,OR97103	N/A	PC	Mariner's Hall fund	50,000
COMPREHENSIVE MENTAL HEALTH CENTER OF TACOMA PIERC 737 FAWCETT AVE TACOMA,WA98402	N/A	PC	General & Unrestricted	10,000
DEGREES OF CHANGE PO BOX 1573 TACOMA,WA98401	N/A	PC	General & Unrestricted	17,000
EAT LEARN PLAY FOUNDATION 647 4TH ST OAKLAND,CA94607	N/A	PC	General & Unrestricted	2,500
FAMILY TO FAMILY 505 W SAINT THOMAS MORE WAY SPOKANE,WA99208	N/A	SO I	General & Unrestricted	650
GOODWILL OF THE OLYMPICS AND RAINIER REGION 714 S 27TH ST TACOMA,WA98409	N/A	PC	Power Up Campaign	10,000
GRAND TACOMA CINE CLUB 606 FAWCETT AVE TACOMA,WA98402	N/A	PC	General & Unrestricted	10,000
GREATER METRO PARKS FOUNDATION 4702 S 19TH ST TACOMA,WA98405	N/A	PC	Whole Child Safe Zones fund	10,000
GREENTRIKE 1501 PACIFIC AVE STE 202 TACOMA,WA98402	N/A	PC	General & Unrestricted	10,000
HAMLIN ROBINSON SCHOOL 1701 20TH AVE S SEATTLE,WA98144	N/A	PC	General & Unrestricted	15,000
HELEN B MURRAY ONCOLOGY FOUNDATION 4230 BRIDGEPORT WAY W STE B UNIVERSITY PLACE,WA98466	N/A	PC	General & Unrestricted	18,000
HOOP BUS INC 705 5TH AVE APT B VENICE,CA90291	N/A	PC	General & Unrestricted	3,750
HOPESPARKS 6424 N 9TH ST TACOMA,WA98406	N/A	PC	General & Unrestricted	10,000
ISSAQUAH FOOD & CLOTHING BANK 179 1ST AVE SE ISSAQUAH,WA98027	N/A	PC	General & Unrestricted	2,500
JUSTICE DANCE PERFORMANCE PROJECT INC 75 CHARTER OAK AVE - STE 206 HARTFORD,CT06106	N/A	PC	General & Unrestricted	1,850
NOURISH PIERCE COUNTY 1702 S 72ND ST STE E TACOMA,WA98408	N/A	PC	General & Unrestricted	7,500
PEDIATRIC INTERIM CARE CENTER INC 328 4TH AVE S KENT,WA98032	N/A	PC	General & Unrestricted	10,000
PORTLAND ART MUSEUM 1219 SW PARK AVE PORTLAND,OR97205	N/A	PC	General & Unrestricted	30,000
RAINIER SCHOLARS 2100 24TH AVE S STE 360 SEATTLE,WA98144	N/A	PC	General & Unrestricted	15,000
SYMPHONY TACOMA 901 BROADWAY STE 600 TACOMA,WA98402	N/A	PC	General & Unrestricted	5,000
TACOMA ART MUSEUM TACOMA WA 1701 PACIFIC AVE TACOMA,WA98402	N/A	PC	General & Unrestricted	75,000
TACOMA ARTS LIVE 1001 YAKIMA AVE STE 1 TACOMA,WA98405	N/A	PC	General & Unrestricted	5,000
TAHOMA AUDUBON SOCIETY PO BOX 64068 UNIVERSITY PL,WA98464	N/A	PC	Ten Thousand Trees for Tacoma Fund	10,000
TRIANGLE LAND CONSERVANCY INC PO BOX 1848 DURHAM,NC27702	N/A	PC	General & Unrestricted	2,500
TRINITY PRESBYTERIAN CHURCH 1615 6TH AVE TACOMA,WA98405	N/A	PC	Reading Program	5,000
TURNING TABLES 1810 HASTINGS PL APT 4 NEW ORLEANS,LA70130	N/A	PC	General & Unrestricted	1,288
UNITED WAY OF PIERCE COUNTY 1501 PACIFIC AVE TACOMA,WA98402	N/A	PC	General & Unrestricted	2,500
UNIVERSITY PLACE AQUATIC CLUB 2000 6824 19TH ST W BOX 327 TACOMA,WA98466	N/A	PC	General & Unrestricted	2,500
Total ................................. 3a				370,038

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	2,252
4 Dividends and interest from securities ....			14	231,450
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	252,299
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) ..				486,001

13Total. Add line 12, columns (b), (d), and (e)..................

486,001

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

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

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 4.500% - 05/14/20	83,329	73,521
AMERICAN TOWER CORP - 5.000% -	77,028	74,904
AMGEN INC - 6.400% - 02/01/203	50,952	55,653
COMCAST CORP NOTE CALL - 3.900	76,934	67,654
DISNEY WALT CO - 2.650% - 01/1	65,206	66,832
GEORGIA PWR CO - 4.300% - 03/1	54,229	44,361
GOLDMAN SACHS - 2.600% - 02/07	61,178	52,775
HOME DEPOT INC - 3.300% - 04/1	87,831	70,443
JPMORGAN CHASE & CO - 3.300% -	72,015	67,783
LOCKHEED MARTIN CORP - 4.850%	76,190	70,628
LOWES COS INC NOTE - 5.000% -	72,230	76,582
MCDONALDS CORP - 3.600% - 07/0	79,075	80,749
MORGAN STANLEY - 4.000% - 07/2	105,284	98,573
ORACLE CORP - 3.800% - 11/15/2	53,637	42,599
STARBUCKS CORP - 2.550% - 11/1	67,825	57,578
UNITEDHEALTH GROUP INC NOTE -	70,303	72,460
VERIZON - 3.875% - 02/08/2029	83,447	72,786
VISA INC - 4.150% - 12/14/2035	66,560	63,788
WELLS FARGO CO - 4.150% - 01/2	80,124	72,980

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	95,430	88,606
ABBVIE INC	49,172	91,432
AIRBUS GROUP	12,996	15,814
ALPHABET INC CL A	60,129	182,994
AMAZON COM	42,788	37,985
AMER INTERNATIONAL GROUP INC	71,935	82,655
AMERICAN ELECTRIC POWER INC	30,611	27,209
AMERIPRISE FINANCIAL INC	11,344	20,891
ANALOG DEVICES INC	22,597	28,791
APA CORPORATION	86,960	78,218
APPLE INC	97,268	220,061
AT&T, INC	74,981	57,220
AUTONATION INC	21,292	42,801
AVALONBAY CMNTYS INC	81,090	73,016
AXA ADS	9,762	12,420
BARCLAYS PLC ADR	7,836	6,068
BHP BILLITON LIMITED	12,894	12,296
BLACKROCK INC	21,458	49,520
BROADCOM INC	47,535	145,113
BROWN & BROWN INC	25,388	27,733
CANADIAN NATURAL RESOURCES LTD	6,767	14,414
CENCORA INC	19,113	25,673
CHEVRON CORP	84,911	134,244
CISCO SYSTEMS INC	50,947	49,004
COMCAST CORP	103,250	113,133
CRH PLC	10,936	13,140
CROWDSTRIKE HOLDINGS, INC	22,598	45,958
CROWN CASTLE INTL	43,903	35,133
DASSAULT SYS SA SPN ADR	17,763	19,608
DBS GROUP HLDGS SPON ADR	11,503	21,265
DOW INC	35,792	37,840
EAST WEST BANCORP, INC	18,811	23,384
EATON CORP PLC	31,776	54,185
EMERSON ELECTRIC CO	48,026	58,885
ENTERGY CORP	84,108	93,601
FERGUSON PLC	13,011	25,099
FORTIVE CORPORATION	70,313	75,103
GALLAGHER ARTHUR J & CO	25,778	48,349
GILEAD SCIENCES INC	19,703	18,632
HARDING LOEVNER INSTITUTIONAL	115,013	125,399
HOME DEPOT INC	50,290	79,707
HONEYWELL INTL	98,118	141,554
HOYA CORP SPONS ADR	11,385	24,281
ING GROUP N V SPONSORED ADR	8,022	12,316
INTERNATIONAL BUSINESS MACHINE	44,620	53,154
ISHARES BARCLAYS US AGGREGATE	323,361	325,043
ISHARES MSCI EAFE SMALL CAP IN	38,349	40,854
ISHARES MSCI EMERGING MARKETS	58,164	65,661
JOHNSON & JOHNSON	121,229	119,122
JP MORGAN CHASE	87,452	168,399
JPMORGAN U.S. SMALL COMPANY FU	321,895	336,687
KINDER MORGAN INC	22,034	18,698
L'OREAL ADR	10,112	13,420
LKQ CORPORATION	21,755	24,373
LOCKHEED MARTIN CORP	60,383	65,720
MAGNA INTERNATIONAL INC	14,289	10,044
MASCO CORP	29,164	36,169
MCDONALD'S CORP	61,333	77,093
MERCK & CO INC	45,079	73,043
METLIFE INC	15,020	21,823
MICROSOFT CORP	54,209	276,388
MONSTER BEVERAGE CORP	19,654	25,925
MORGAN STANLEY	31,793	57,349
MOTOROLA SOLUTIONS INC	23,870	36,005
NOVO NORDISK A S	16,916	45,518
NVIDIA CORP	74,372	103,006
NXP SEMICONDUCTORS	8,253	20,671
ORIX CORP ADS	20,586	23,348
PALO ALTO NETWORKS INC	36,166	56,617
PARKER HANNIFIN CP	87,446	135,907
PHILIP MORRIS INTL	77,907	85,613
PPG INDUSTRIES INC	47,705	50,847
PROCTER GAMBLE CO	135,904	158,996
RECKITT BENCKISER GROUP	18,060	17,725
ROCHE HOLDING LTD ADR	15,800	18,477
RWE AKTIENGESELLSCHAF	12,439	19,139
SAP AKTIENGESELL ADS	8,381	10,821
SCHLUMBERGER LTD	9,102	20,296
SERVICE NOW	31,780	40,270
SHIN-ETSU CHEMICAL C	13,105	24,453
SONY GROUP CORP	9,470	22,726
SSE PLC SPON ADR	12,416	14,652
STATE STREET CORPORATION	50,368	55,771
STRYKER CORPORATION	29,708	38,930
SUMITOMO MITSUI FINCL GRP	16,032	16,069
TECHNIPFMC PLC	2,523	6,848
THALES S.A.	19,677	24,220
THERMO FISHER SCIENTIFIC INC	45,811	57,325
TJX COMPANIES INC	51,114	70,827
TORONTO DOMINION	9,355	10,016
TOTALENERGIES SE	13,981	18,866
UNITEDHEALTH GROUP INC	59,187	75,285
UNIVERSAL MUSIC GROUP	19,718	22,150
VARIANT ALTERNATIVE INCOME FUN	214,367	211,556
VERIZON COMMUNICATIONS	43,947	29,406
VERSUS CAPITAL REAL ASSETS FUN	273,301	294,607
VISA INC	55,066	80,709
VOYA FINANCIAL INC	14,388	18,240
WAL-MART DE MEX V SP/ADR	23,830	25,754
WAL-MART STORES INC	65,523	74,096
ZOETIS INC	11,366	26,645

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

LT Murray Family Foundation

EIN:

51-0163345

US Government Securities - End of Year Book Value:

1,287,731

US Government Securities - End of Year Fair Market Value:

1,191,655

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

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

LT Murray Family Foundation

EIN:

51-0163345

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BLACKSTONE REAL ESTATE INCOME		170,229	160,182
MORRISON STREET DEBT OPP FD II		25,137	19,046

- TIN:

TY 2023 LegalFeesSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Document Review/Drafting	7,499			7,499

- TIN:

TY 2023 OtherExpensesSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	27,090		27,090
Bank Charges	753	753
K-1 Exp MORRISON STREET DEBT O	197	197
Office Supplies	272		272

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	62,750	62,750

- TIN:

TY 2023 TaxesSchedule

Name:

LT Murray Family Foundation

EIN:

51-0163345

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2023	6,300
990-PF Excise Tax for 2022	404
990-PF Extension for 2022	700
Foreign Tax Paid	1,960	1,960