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
IGER BAY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)200 BELLEVUE PARKWAY SUITE 250
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198093747
A Employer identification number

80-0875813
B Telephone number (see instructions)

(302) 793-3278
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$17,815,602J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 462,101 460,864  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -23,661
b Gross sales price for all assets on line 6a 2,836,547
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 438,440 460,864  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 47,512 23,756   23,756
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
26,001 26,001   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,325 4,325   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 77,838 54,082 0 23,756
25 Contributions, gifts, grants paid....... 3,664,000 3,664,000
26 Total expenses and disbursements. Add lines 24 and 25 3,741,838 54,082 0 3,687,756
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,303,398
b Net investment income (if negative, enter -0-) 406,782
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 13,814 7,914 7,914
2 Savings and temporary cash investments......... 1,963,922 271,137 271,137
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,726,545 Click to see attachment
List of Attached Documents:
// Content
6,683,004 		10,037,902
c Investments—corporate bonds (attach schedule)....... 6,994,841 Click to see attachment
List of Attached Documents:
// Content
7,044,730 		6,947,085
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).......... 582,000 Click to see attachment
List of Attached Documents:
// Content
548,315 		551,564
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) 17,281,122 14,555,100 17,815,602
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) Click to see attachment
List of Attached Documents:
// Content
2,300,000 		Click to see attachment
List of Attached Documents:
// Content
2,500,000
23 Total liabilities (add lines 17 through 22)......... 2,300,000 2,500,000
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........ 14,981,122 12,055,100
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 14,981,122 12,055,100
30 Total liabilities and net assets/fund balances (see instructions). 17,281,122 14,555,100
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
14,981,122
2
Enter amount from Part I, line 27a .....................
2
-3,303,398
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
500,000
4
Add lines 1, 2, and 3 ..........................
4
12,177,724
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
122,624
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,055,100
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 30000. CAPITAL ONE FINANCIAL CORPORAT JAN 30 2023 3.2   2022-04-26 2023-01-03
b 35000. BANK OF MONTREAL OCT 5 2028 4.338   2022-05-26 2023-01-04
c 42000. BIOGEN INC. MAY 1 2030 2.25   2022-04-01 2023-01-04
d 41000. EBAY INC. JAN 30 2023 2.75   2022-04-26 2023-01-04
e 37000. ORACLE CORPORATION APR 1 2030 2.95   2022-05-26 2023-01-04
30000. TRANSCANADA PIPELINES APR 15 2030 4.1   2022-04-01 2023-01-04
39000. U.S. TREASURY NOTE MAR 31 2024 2.125   2022-04-01 2023-01-04
66000. U.S. TREASURY NOTE MAR 31 2027 0.625   2022-04-26 2023-01-04
51000. U.S. TREASURY NOTE MAR 15 2024 0.25   2022-04-01 2023-01-04
278000. U.S. TREASURY NOTE APR 30 2024 2.5   2022-05-26 2023-01-04
36000. AIR LEASE CORP JAN 15 2023 2.75   2022-04-26 2023-01-15
66000. BANK OF NEW YORK MELLON CORPOR JAN 29 2023 2.95   2022-04-26 2023-01-29
22000. EBAY INC. JAN 30 2023 2.75   2022-04-26 2023-01-30
24000. ENERGY TRANSFER PARTNERS, L.P. FEB 1 2023 3.6   2022-04-01 2023-02-01
49000. UNITEDHEALTH GROUP INC FEB 15 2023 2.75   2022-04-26 2023-02-15
68000. NEXTERA ENERGY CAPITAL MAR 1 2023 0.65   2022-04-26 2023-03-01
36000. STARBUCKS CORP MAR 1 2023 3.1   2022-04-26 2023-03-01
63000. MITSUBISHI UFJ FINANCIAL GROUP MAR 2 2023 3.455   2022-04-26 2023-03-02
71000. PHILIP MORRIS INTERNATIONAL IN MAR 6 2023 2.625   2022-04-26 2023-03-06
56000. CARDINAL HEALTH, INC. MAR 15 2023 3.2   2022-04-26 2023-03-15
40000. JPMORGAN CHASE & CO. MAR 16 2024 0.697   2022-04-26 2023-03-16
64000. RELX CAPITAL INC MAR 16 2023 3.5   2022-04-26 2023-03-16
2000. SKYWORKS SOLUTIONS, INC. JUN 1 2031 3   2022-04-01 2023-05-23
4000. VF CORP APR 23 2030 2.95   2022-04-01 2023-05-24
2000. SKYWORKS SOLUTIONS, INC. JUN 1 2031 3   2022-04-01 2023-05-30
4000. VF CORP APR 23 2030 2.95   2022-04-01 2023-06-02
7000. VF CORP APR 23 2030 2.95   2022-04-01 2023-06-12
4000. VF CORP APR 23 2030 2.95   2022-04-01 2023-06-22
7000. VF CORP APR 23 2030 2.95   2022-04-01 2023-06-29
3295.979 ISHARES MSCI EAFE   2022-03-25 2023-07-14
1563.896 ISHARES RUSSELL 2000   2022-03-25 2023-07-14
13153.087 FIDELITY   2022-03-25 2023-07-14
941.029 STATE STREET EMERGING   2022-03-25 2023-07-14
560.276 STATE STREET HEDGED   2022-03-25 2023-07-14
40000. BHP BILLITON FINANCE (USA) LTD SEP 30 2023 3.85   2023-03-17 2023-09-30
41000. BANK OF MONTREAL OCT 5 2028 4.338   2022-05-26 2023-10-05
42000. MORGAN STANLEY NOV 10 2023 0.001   2022-04-01 2023-10-10
71.463 ISHARES RUSSELL 2000   2022-03-25 2023-11-27
7042.254 EATON VANCE   2022-03-25 2023-11-27
4107.981 FEDERATED HERMES   2022-03-25 2023-11-27
8452.536 FIDELITY   2022-03-25 2023-11-27
9034.871 FIDELITY   2022-03-25 2023-11-27
4241.282 GS TACTICAL TILT   2022-03-25 2023-11-27
180.387 STATE STREET EMERGING   2022-03-25 2023-11-27
865.052 STATE STREET HEDGED   2022-03-25 2023-11-27
223000. U.S. TREASURY NOTE APR 30 2024 2.5   2022-05-26 2023-11-28
2553.763 ISHARES MSCI EAFE   2022-03-25 2023-11-29
40000. MORGAN STANLEY JAN 25 2024   2022-04-26 2023-12-25
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 30,000   30,025 -25
b 34,299   35,349 -1,050
c 34,590   37,734 -3,144
d 40,905   41,015 -110
e 31,863   32,455 -592
27,759   30,875 -3,116
37,824   38,750 -926
57,598   59,441 -1,843
48,420   48,888 -468
270,365   278,159 -7,794
36,000   36,000  
66,000   66,000  
22,000   22,000  
24,000   24,000  
49,000   49,000  
68,000   67,215 785
36,000   36,000  
63,000   63,000  
71,000   71,000  
56,000   56,000  
40,000   39,179 821
64,000   64,000  
1,566   1,791 -225
3,286   3,817 -531
1,568   1,791 -223
3,297   3,817 -520
5,729   6,680 -951
3,284   3,817 -533
5,769   6,680 -911
50,000   48,748 1,252
35,000   37,502 -2,502
360,000   352,766 7,234
60,000   65,486 -5,486
60,000   65,317 -5,317
40,000   39,730 270
41,000   41,409 -409
42,000   41,521 479
1,500   1,714 -214
35,000   37,292 -2,292
35,000   38,245 -3,245
130,000   138,283 -8,283
256,500   242,315 14,185
45,000   43,685 1,315
11,000   12,553 -1,553
95,000   100,848 -5,848
220,377   223,041 -2,664
38,000   37,770 230
40,000   39,219 781
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
      9,548
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       -25
b       -1,050
c       -3,144
d       -110
e       -592
      -3,116
      -926
      -1,843
      -468
      -7,794
       
       
       
       
       
      785
       
       
       
       
      821
       
      -225
      -531
      -223
      -520
      -951
      -533
      -911
      1,252
      -2,502
      7,234
      -5,486
      -5,317
      270
      -409
      479
      -214
      -2,292
      -3,245
      -8,283
      14,185
      1,315
      -1,553
      -5,848
      -2,664
      230
      781
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 -23,661
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 5,654
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 5,654
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,654
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 331,510
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 331,510
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 10 325,856
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow70,000 Refundedright arrow 11 255,856
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
 
No
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 arrowDE
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 arrowLONN SELBST Telephone no.right arrow (302) 793-3278

Located atright arrow200 BELLEVUE PARKWAY SUITE 250WILMINGTONDE ZIP+4right arrow198093747
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
GOLDMAN SACHS TRUST COMPANY ADMINISTRATIVE TRUSTEE
3 		47,512    
200 BELLEVUE PARKWAY SUITE 250
WILMINGTON,DE198093747
ROBERT A IGER INDIVIDUAL TRUSTEE
1 		0    
200 BELLEVUE PARKWAY SUITE 250
WILMINGTON,DE198093747
KRISTINE BAY INDIVIDUAL TRUSTEE
1 		0    
200 BELLEVUE PARKWAY SUITE 250
WILMINGTON,DE198093747
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
17,396,501
b
Average of monthly cash balances.......................
1b
1,472,259
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
18,868,760
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
18,868,760
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
283,031
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
18,585,729
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
929,286
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
929,286
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,654
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,654
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
923,632
4
Recoveries of amounts treated as qualifying distributions................
4
500,000
5
Add lines 3 and 4............................
5
1,423,632
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,423,632
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
3,687,756
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
3,687,756
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 1,423,632
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 2,157,971
b From 2019...... 2,475,003
c From 2020...... 3,945,352
d From 2021...... 7,255,397
e From 2022...... 6,250,637
f Total of lines 3a through e ........ 22,084,360
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,687,756
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 1,423,632
e Remaining amount distributed out of corpus 2,264,124
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 24,348,484
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		2,157,971
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		22,190,513
10 Analysis of line 9:
a Excess from 2019.... 2,475,003
b Excess from 2020.... 3,945,352
c Excess from 2021.... 7,255,397
d Excess from 2022.... 6,250,637
e Excess from 2023.... 2,264,124
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

TRUSTEES OF PHILLIPS ACADEMY

180 MAIN ST
ANDOVER,MA01810 		NONE PC GENERAL 10,000

SESAME WORKSHOP

1900 BROADWAY
NEW YORK,NY100237004 		NONE PC GENERAL 5,000

PEN AMERICAN CENTER

588 BROADWAY SUITE 303
NEW YORK,NY10012 		NONE PC GENERAL 25,000

NEW YORK PRESBYTERIAN HOSPITAL

466 LEXINGTON AVE
NEW YORK,NY100173140 		NONE PC GENERAL 100,000

BANK STREET COLLEGE OF EDUCATION

610 W 112TH STREET
NEW YORK,NY10025 		NONE PC GENERAL 10,000

CATHOLIC CHARITIES ARCHDIOCESE
OF NEW YORK
1011 FIRST AVENUE 11TH FLOOR
NEW YORK,NY10022 		NONE PC GENERAL 5,000

EVERYTOWN FOR GUN SAFETY SUPPORT FUND

PO BOX 3886
NEW YORK,NY101630000 		NONE PC GENERAL 25,000

THE BARACK OBAMA FOUNDATION

5235 S HARPER CT STE 1140
CHICAGO,IL60615 		NONE PC GENERAL 500,000

INTERNATIONAL WOMENS MEDIA FOUNDATION

1625 K STREET NW SUITE 1275
WASHINGTON,DC20006 		NONE PC GENERAL 25,000

HOWARD UNIVERSITY

2244 10TH STREET
WASHINGTON,DC20059 		NONE PC GENERAL 1,000,000

CATHOLIC CHARITIES ARCHDIOCESE OF
NEW ORLEANS
1000 HOWARD AVENUE STE 200
NEW ORLEANS,LA70113 		NONE PC GENERAL 1,000

TEXAS EXES - EX STUDENTS ASSOCIATION
OF THE UNIVERSITY OF TEXAS
PO BOX 7278
AUSTIN,TX78713 		NONE PC GENERAL 500,000

UNIVERSITY OF SOUTH CALIFORNIA

UNIVERSITY GARDENS UGB203
LOS ANGELES,CA900898003 		NONE PC GENERAL 10,000

CHILDREN'S HOSPITAL LOS ANGELES
FOUNDATION
4650 W SUNSET BLVD
LOS ANGELES,CA900276062 		NONE PC GENERAL 25,000

MUSIC CENTER

135 NORTH GRAND AVENUE
LOS ANGELES,CA90012 		NONE PC GENERAL 2,500

ACADEMY FOUNDATION

8949 WILSHIRE BLVD
BEVERLY HILLS,CA90211 		NONE PC GENERAL 1,000,000

CALIFORNIA COMMUNITY FOUNDATION

221 SOUTH FIGUEROA STREET
LOS ANGELES,CA90012 		NONE PC GENERAL 10,000

SIMON WIESENTHAL CENTER

1399SOUTH ROXBURY DRIVE
LOS ANGELES,CA90035 		NONE PC GENERAL 20,000

PACIFIC COUNCIL ON INTERNATIONAL POLICY

725 S FIGUEROA ST STE 450
LOS ANGELES,CA900175412 		NONE PC GENERAL 10,000

WOMEN'S GUILD CEDARS-
SINAI MEDICAL CENTER
8700 BEVERLY BLVD 2416
LOS ANGELES,CA900481804 		NONE PC GENERAL 10,000

THE 19TH NEWS

3571 FAR WEST BLVD 3497
AUSTIN,TX78731 		NONE PC GENERAL 15,000

LOS ANGELES COUNTY MUSEUM OF ART

5005 WILSHIRE BLVD
LOS ANGELES,CA50036 		NONE PC GENERAL 120,000

ELIZABETH GLASER PEDIATRIC
AIDS FOUNDATION
1140 CONNECTICUT AVENUE NW SUITE 2
WASHINGTON,DC20036 		NONE PC GENERAL 100,000

ALLIANCE COLLEGE-READY PUBLIC SCHOOLS

601 SOUTH FIGUEROA STREET 4TH FL
LOS ANGELES,CA90017 		NONE PC GENERAL 10,000

ITHACA COLLEGE

953 DANBY ROAD
ITHACA,NY14850 		NONE PC GENERAL 25,000

EQUAL JUSTICE INITIATIVE

122 COMMERCE STREET
MONTGOMERY,AL36104 		NONE PC GENERAL 25,000

THE MUSEUM OF MODERN ART

11 W 53RD ST
NEW YORK,NY10019 		NONE PC GENERAL 500

LOS ANGELES REGIONAL FOOD BANK

1734 E 41ST ST
LOS ANGELES,CA90058 		NONE PC GENERAL 25,000

TARGET MARGIN THEATER

232 52ND ST
BROOKLYN,NY11220 		NONE PC GENERAL 25,000

CENTER FOR EARLY EDUCATION

563 N ALFRED ST
WEST HOLLYWOOD,CA90048 		NONE PC GENERAL 5,000

CAMPBELL HALL

4533 LAUREL CANYON BLVD
NORTH HOLLYWOOD,CA90048 		NONE PC GENERAL 10,000

TRUSTEES OF THE UNIVERSITY OF
PENNSYLVANIA
3451 WALNUT STREET
PHILADELPHIA,PA19104 		NONE PC GENERAL 10,000
Total .................................right arrow 3a 3,664,000
bApproved for future payment

TEXAS EXES - EX STUDENTS ASSOCIATION
OF THE UNIVERSITY OF TEXAS
PO BOX 7278
AUSTIN,TX787137278 		NONE PC GENERAL 1,500,000
Total ................................. right arrow 3b 1,500,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 462,101  
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 -23,661  
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) ..   438,440  
13Total. Add line 12, columns (b), (d), and (e)..................
13
438,440
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 InvestmentsCorpBondsSchedule
Name:
IGER BAY FOUNDATION
EIN:
80-0875813
Name of Bond End of Year Book Value End of Year Fair Market Value
46647PCB0 JPMORGAN CHASE & CO. 39,573 38,898
91282CBR1 U.S. TREASURY NOTE 0    
91282CCL3 U.S. TREASURY NOTE 0 43,502 42,986
912828ZN3 U.S. TREASURY NOTE 0 85,301 82,251
912828ZV5 U.S. TREASURY NOTE 0 286,252 276,325
912828ZE3 U.S. TREASURY NOTE 0 222,980 215,308
91282CAE1 U.S. TREASURY NOTE 0 82,180 79,029
91282CBW0 U.S. TREASURY NOTE 0 542,373 529,157
91282CBS9 U.S. TREASURY NOTE 1 117,294 112,585
91282CBZ3 U.S. TREASURY NOTE 1 127,344 122,142
91282CCE9 U.S. TREASURY NOTE 1 127,026 122,648
91282CCS8 U.S. TREASURY NOTE 1 151,730 144,224
91282CEC1 U.S. TREASURY NOTE 1 80,845 80,259
91282CEB3 U.S. TREASURY NOTE 1 134,813 127,017
00912XAX2 AIR LEASE CORP 2.75%    
015271AY5 ALEXANDRIA REAL ESTA 50,378 48,131
032095AJ0 AMPHENOL CORP 2.8% 0 43,432 43,358
00206RMM1 AT&T INC. 2.55% 12/0 30,525 29,446
05329WAQ5 AUTONATION INC 4.75% 50,178 49,480
05526DBP9 B.A.T. CAPITAL CORPO 34,044 34,072
06051GJQ3 BANK OF AMERICA CORP 38,750 38,148
06051GJK6 BANK OF AMERICA CORP 42,792 41,887
06368BQ68 BANK OF MONTREAL HYB    
06368EDC3 BANK OF MONTREAL HYB 43,486 42,615
06406RAE7 BANK OF NEW YORK MEL    
05526DBJ3 BAT CAPITAL CORP 3.2 24,537 24,181
09062XAH6 BIOGEN INC. 2.25% 05    
097023DG7 BOEING COMPANY (THE) 25,180 24,809
10373QAZ3 BP CAP MARKETS AMERI 15,145 14,668
11135FBD2 BROADCOM INC. 5.0% 0 31,375 31,817
120568BC3 BUNGE LIMITED FINANC 44,523 43,785
120568AZ3 BUNGE LTD FINANCE CO 33,202 32,157
14040HBU8 CAPITAL ONE FINANCIA    
14040HCG8 CAPITAL ONE FINANCIA 36,068 31,510
14149YAY4 CARDINAL HEALTH, INC    
172967NA5 CITIGROUP INC. HYBRI 53,140 52,235
172967LP4 CITIGROUP INC. HYBRI 37,937 36,849
189054AW9 CLOROX COMPANY (THE) 36,611 35,061
20030NBM2 COMCAST CORPORATION 52,326 51,622
209111FX6 CON EDISON CO OF NY 52,377 50,856
209111FS7 CONSOLIDATED EDISON 36,923 35,298
22822VAV3 CROWN CASTLE INTL CO 63,367 63,517
24703TAE6 DELL INT LLC / EMC C 27,834 27,382
23338VAM8 DTE ELECTRIC COMPANY 18,258 16,813
278642AS2 EBAY INC. 2.75% 01/3    
29250NBH7 ENBRIDGE INC 1.6% 10 66,663 67,182
29273RAS8 ENERGY TRANSFER PART    
29379VBV4 ENTERPRISE PRODUCTS 49,100 51,267
298785JL1 EUROPEAN INVESTMENT 56,165 51,256
337738AU2 FISERV, INC. 3.5% 07 33,500 32,612
35137LAL9 FOX CORP 3.5% 04/08/ 62,407 62,441
361448BF9 GATX CORP 4.0% 06/30 33,353 31,462
37045VAN0 GENERAL MOTORS CO 4. 10,026 9,874
37045XBG0 GENERAL MOTORS FINAN 14,376 14,258
37045XDV5 GENERAL MOTORS FINL 29,935 30,206
45866FAN4 INTERCONTINENTAL EXC 53,997 52,337
46647PAM8 JPMORGAN CHASE & CO. 9,966 9,639
46647PBW5 JPMORGAN CHASE & CO. 33,030 32,328
46647PBZ8 JPMORGAN CHASE & CO.    
500769JD7 KFW 1.75% 09/14/2029 33,550 31,288
571748BG6 MARSH & MCLENNAN COM 10,456 10,092
606822AT1 MITSUBISHI UFJ FINAN    
617474AA9 MORGAN STANLEY HYBRI    
617474AA9A MORGAN STANLEY HYBR    
64110DAK0 NETAPP, INC. 2.7% 06 77,586 76,105
65339KBU3 NEXTERA ENERGY CAPIT    
68389XBU8 ORACLE CORPORATION 2 10,679 10,457
68389XBV6 ORACLE CORPORATION 2    
68389XBD6 ORACLE CORPORATION 3 15,292 14,786
718172AV1 PHILIP MORRIS INTERN    
693475AZ8 PNC FINANCIAL SERVIC 119,754 115,326
74949LAB8 RELX CAPITAL INC 3.5    
776743AJ5 ROPER TECHNOLOGIES, 75,712 74,844
828807CV7 SIMON PROPERTY GROUP 38,346 37,567
83088MAL6 SKYWORKS SOLUTIONS, 16,424 15,485
00914AAB8 SRS CCD 26745899 MTN 20,869 20,334
855244AN9 STARBUCKS CORP 3.1%    
855244AP4 STARBUCKS CORP 3.5% 28,174 27,281
86562MAY6 SUMITOMO MITSUI FINA 30,856 30,053
891160MJ9 TORONTO-DOMINION BAN 42,126 40,759
89352HBA6 TRANSCANADA PIPELINE    
89788NAA8 TRUIST FINANCIAL COR 81,503 82,005
91282CDY4 U.S. TREASURY NOTE 1 228,965 224,047
912828W71 U.S. TREASURY NOTE 2    
91282CEK3 U.S. TREASURY NOTE 2 349,050 347,264
91324PBZ4 UNITEDHEALTH GROUP I    
918204BC1 VF CORP 2.95% 04/23/    
95000U2K8 WELLS FARGO & COMPAN 43,160 42,725
277907200 EATON VANCE INCOME F 514,258 512,381
31420B300 FEDERATED HERMES INS 510,991 513,560
91282CDJ7 U.S. TREASURY NOTE 1 170,288 168,365
458140CG3 INTEL CORPORATION 5. 110,607 116,211
125523BZ2 CIGNA CORPORATION 4. 81,559 83,734
101137AV9 BOSTON SCIENTIFIC CO 77,824 78,566
26442CBA1 DUKE ENERGY CAROLINA 64,730 66,510
539830BC2 LOCKHEED MARTIN CORP 59,864 61,411
00287YAQ2 ABBVIE INC. 3.6% 05/ 59,504 60,153
14040HCU7 CAPITAL ONE FINANCIA 53,646 54,559
91324PEJ7 UNITEDHEALTH GROUP I 48,190 49,285
278642AW3 EBAY INC 2.7% 03/11/ 41,915 43,149
126650DG2 CVS HEALTH CORPORATI 40,240 41,560
87165BAG8 SYNCHRONY FINANCIAL 38,008 38,870
06051GHY8 BANK OF AMERICA CORP 38,242 38,745
45866FAD6 INTERCONTINENTAL EXC 35,038 35,510
6174468V4 MORGAN STANLEY HYBRI 34,750 34,993
718172CZ0 PHILIP MORRIS INTERN 32,804 33,991
254709AL2 DISCOVER FINANCIAL S 33,132 33,636
00914AAM4 AIR LEASE CORP 1.875 33,009 33,382
89114QCH9 TORONTO-DOMINION BAN 33,254 33,156
91324PER9 UNITEDHEALTH GROUP I 30,253 31,303
63111XAD3 NASDAQ, INC. 1.65% 0 29,597 30,357
46647PCM6 JPMORGAN CHASE & CO. 29,648 30,156
822582BE1 SHELL INTERNATIONAL 29,227 29,741
91282CAV3 U.S. TREASURY NOTE 0 29,915 29,664
91282CDP3 U.S. TREASURY NOTE 1 29,351 29,535
91282CDF5 U.S. TREASURY NOTE 1 29,409 29,478
91282CBL4 U.S. TREASURY NOTE 1 29,564 29,412
91282CCR0 U.S. TREASURY NOTE 1 29,042 29,191
95000U2F9 WELLS FARGO & COMPAN 28,250 28,715

TY 2023 InvestmentsCorpStockSchedule
Name:
IGER BAY FOUNDATION
EIN:
80-0875813
Name of Stock End of Year Book Value End of Year Fair Market Value
WALT DISNEY COMPANY (THE) CMN    
APPLE INC.    
09253F879 ISHARES MSCI EAFE IN 792,482 847,840
85749T202 STATE STREET EMERGIN 230,461 214,367
85749T889 STATE STREET HEDGED 836,644 821,803
037833100 APPLE INC. CMN 208,265 2,989,606
31635V729 FIDELITY LARGE CAP G 1,685,919 2,145,724
31635V729A FIDELITY LARGE CAP 2,248,717 2,314,666
464287655 ISHARES RUSSELL 2000 680,516 703,896

TY 2023 InvestmentsOtherSchedule2
Name:
IGER BAY FOUNDATION
EIN:
80-0875813
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
38147X838 GS TACTICAL TILT OVE AT COST 548,315 551,564

TY 2023 OtherDecreasesSchedule
Name:
IGER BAY FOUNDATION
EIN:
80-0875813
Description Amount
COST BASIS ADJUSTMENT 122,624


TY 2023 OtherIncreasesSchedule
Name:
IGER BAY FOUNDATION
EIN:
80-0875813
Description Amount
RECOVERY OF CHARITABLE DISTRIBUTIONS 500,000


TY 2023 OtherLiabilitiesSchedule
Name:
IGER BAY FOUNDATION
EIN:
80-0875813
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED CONTRIBUTIONS 2,300,000 2,500,000


TY 2023 OtherProfessionalFeesSchedule
Name:
IGER BAY FOUNDATION
EIN:
80-0875813
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 26,001 26,001    


TY 2023 TaxesSchedule
Name:
IGER BAY FOUNDATION
EIN:
80-0875813
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES ON QUALIFIED FOR 4,325 4,325   0