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
GLENN W BAILEY CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)515 N FLAGLER DR 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST PALM BEACH, FL33401
A Employer identification number

88-6220262
B Telephone number (see instructions)

(561) 508-3858
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$218,933,008J 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) 61
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,928,272 1,928,272  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,099,517
b Gross sales price for all assets on line 6a 9,944,789
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
538,740 31,706  
12 Total. Add lines 1 through 11........ 1,367,556 1,959,978  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 854,811 213,703   641,108
14 Other employee salaries and wages...... 185,208 18,521   166,687
15 Pension plans, employee benefits....... 17,779 2,667   15,112
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
11,515 1,727   9,788
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
23,363 3,504   19,859
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
61,162 50,202   10,960
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
153,174 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 86,363 0   86,363
21 Travel, conferences, and meetings....... 42,641 0   42,641
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,308 0   30,308
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,466,324 290,324   1,022,826
25 Contributions, gifts, grants paid....... 10,059,000 10,059,000
26 Total expenses and disbursements. Add lines 24 and 25 11,525,324 290,324   11,081,826
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,157,768
b Net investment income (if negative, enter -0-) 1,669,654
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,095,639 988,018 988,018
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow60,000
Less: allowance for doubtful accounts right arrow0 0 60,000 60,000
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)....... 88,600,000 Click to see attachment
List of Attached Documents:
// Content
90,658,647 		94,782,600
c Investments—corporate bonds (attach schedule)....... 29,026,191 Click to see attachment
List of Attached Documents:
// Content
19,462,090 		18,547,243
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).......... 112,508,907 Click to see attachment
List of Attached Documents:
// Content
104,946,444 		99,597,319
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
4,957,828 		Click to see attachment
List of Attached Documents:
// Content
4,957,828
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 231,230,737 221,073,027 218,933,008
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
2,275 		Click to see attachment
List of Attached Documents:
// Content
2,333
23 Total liabilities (add lines 17 through 22)......... 2,275 2,333
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 231,228,462 221,070,694
29 Total net assets or fund balances (see instructions)..... 231,228,462 221,070,694
30 Total liabilities and net assets/fund balances (see instructions). 231,230,737 221,073,027
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
231,228,462
2
Enter amount from Part I, line 27a .....................
2
-10,157,768
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
221,070,694
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
221,070,694
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b ST GAIN FROM K-1: MAKENA CAPITAL SPLITTER X, LP P    
c LT GAIN FROM K-1: MAKENA CAPITAL SPLITTER X, LP P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,944,789   10,115,688 -170,899
b       -399,852
c       -528,766
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       -170,899
b       -399,852
c       -528,766
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -1,099,517
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 23,208
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 23,208
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 23,208
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 35,392
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,392
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 21
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 27,163
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow27,163 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowFL
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 arrowWWW.GWBAILEYFOUNDATION.ORG
14
The books are in care ofright arrowHAYLEY LITTLE Telephone no.right arrow (561) 508-3858

Located atright arrow515 NORTH FLAGLER DRIVE SUITE 500WEST PALM BEACHFL ZIP+4right arrow33401
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
NA N/A
0.00 		0 0 0
N/A
NA,FL00000
NA N/A
0.00 		0 0 0
N/A
NA,FL00000
NA N/A
0.00 		0 0 0
N/A
NA,FL00000
STEPHEN G VOGELSANG ESQ CO-TRUSTEE
30.00 		534,257 0 0
515 NORTH FLAGLER DRIVE SUITE 500
WEST PALM BEACH,FL33401
EILEEN J DALY CO-TRUSTEE
20.00 		320,554 0 0
515 NORTH FLAGLER DRIVE SUITE 500
WEST PALM BEACH,FL33401
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
HAYLEY J LITTLE EXECUTIVE DIRECTOR
20.00 		161,250 0 0
515 NORTH FLAGLER DRIVE SUITE 500
WEST PALM BEACH,FL33401
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 arrow0
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
109,874,330
b
Average of monthly cash balances.......................
1b
3,816,373
c
Fair market value of all other assets (see instructions)................
1c
99,597,319
d
Total (add lines 1a, b, and c).........................
1d
213,288,022
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
213,288,022
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,199,320
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
210,088,702
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,504,435
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
10,504,435
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
23,208
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
13,270
c
Add lines 2a and 2b............................
2c
36,478
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,467,957
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
10,467,957
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
10,467,957
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
11,081,826
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
11,081,826
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 10,467,957
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 10,030,389
b Total for prior years:20 , 20, 20 0
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 ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 11,081,826
a Applied to 2022, but not more than line 2a 10,030,389
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..... 1,051,437
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		9,416,520
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		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....  
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 e-mail address of the person to whom applications should be addressed:
GRANT MANAGER
515 NORTH FLAGLER DRIVE NO 500
WEST PALM BEACH,FL33401
(561) 308-3858
bThe form in which applications should be submitted and information and materials they should include:
POTENTIAL GRANTEE'S SHOULD VISIT THE FOUNDATION'S WEBSITE AT WWW.GWBAILEYFOUNDATION.ORG AND FIRST PASS THE ELIGIBILITY QUIZ AND REVIEW THE FOUNDATION'S FAQ. AFTER SUCCESSFULLY COMPLETING BOTH THE ELIGIBILITY QUIZ AND FAQ POTENTIAL GRANTEES SHOULD SUBMIT A LETTER OF INQUIRY FOR GENERAL BUDGET GRANTS. THE LETTER OF INQUIRY FORM IS AVAILABLE ON OUR WEBSITE AND WELCOMES LOIS YEAR-ROUND FROM ELIGIBLE ORGANIZATIONS SEEKING FUNDS FOR WORK THAT FITS WITHIN OUR FOUNDATION'S MISSION AND GUIDELINES.
cAny submission deadlines:
SEE WEBSITE WWW.GWBAILEYFOUNDATION.ORG
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE ATTACHED.
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

ACADEMY FOR TEACHERS

10 W 90TH ST
NEW YORK,NY10024 		  PC STEM MASTER CLASSES 30,000

ADMIRAL FARRAGUT ACADEMY

501 PARK ST N
ST PETERSBURG,FL33710 		  PC OCEAN WASTE TO PARK BENCHES AND 3D PRINTS: A STEM PROGRAM TO TACKLE PLASTIC POLLUTION 15,000

ALACHUA CONSERVATION TRUST INCORPORATED

7204 SE COUNTY ROAD 234
GAINESVILLE,FL32641 		  PC CREEKSIDE ENVIRONMENTAL ED FOR KIDS CREEK PROGRAM 17,500

BARNARD COLLEGE

3009 BROADWAY
NEW YORK,NY10027 		  PC SUMMER RESEARCH INSTITUTE 40,000

BIOBUS

1361 AMSTERDAM AVE
NEW YORK,NY10027 		  PC BIOBUS HARLEM STEAM PATHWAY 150,000

BOOLEAN GIRL

815 N BARTON ST
ARLINGTON,VA22201 		  PC BOOLEAN GIRL CLUBHOUSE DC 25,000

BUFFALO STATE COLLEGE FOUNDATION

1300 ELMWOOD AVE
BUFFALO,NY14222 		  PC INTEGRATED HIGHER EDUCATION APPROACH FOR CLEAN ENERGY RESEARCH AND WORKFORCE DEVELOPMENT 50,000

BUSCH WILDLIFE SANCTUARY FOUNDATION

17855 ROCKY PINES RD
JUPITER,FL33478 		  PC ENDOWMENT GIFT 1,000,000

BUSINESSES UNITED IN INVESTING LENDING AND DEVELOPMENT BUILD

2202 18TH ST NW
WASHINGTON,DC20009 		  PC BUILD HIGH SCHOOL YOUTH ENTREPRENEURSHIP PROGRAM 2022-2023 35,000

CALUSA WATERKEEPER

PO BOX 1165
FORT MYERS,FL33902 		  PC VOLUNTEER RANGERS PROGRAM: GROWING ENGAGEMENT AND EXPANDING COMMUNITY OUTREACH 25,000

CAMP FIRE SUNSHINE

2600 BUCKINGHAM AVE
LAKELAND,FL33803 		  PC SCIENCE ROCKS EXPANSION PROGRAM 6,000

CAPE CORAL MUNICIPAL CHARTER SCHOOL FOUNDATION

4706 CHIQUITA BLVD S
CAPE CORAL,FL33914 		  PC VEX ROBOTICS ENTREPRENEURIAL EDUCATION 35,000

CATHOLIC UNIVERSITY OF AMERICA

620 MICHIGAN AVE NW
WASHINGTON,DC20001 		  PC ENGINEERING NEW FRONTIERS SUMMER INSTITUTE 20,000

CHRISTIAN SKATERS SURF SKATE SCIENCE

2006 NW 48TH AVE
COCONUT CREEK,FL33063 		  PC SKATEPARKITECTURE 25,000

CITY PARKS FOUNDATION

830 5TH AVE
NEW YORK,NY10065 		  PC CITYPARKS LEARN 35,000

COLLEGE TRIBE

3845 S CAPITOL ST SW
WASHINGTON,DC20032 		  PC RENAISSANCE STREAM 10,000

COMP-U-DOPT MIAMI

1602 AIRLINE DR
HOUSTON,TX77009 		  PC MIAMI YOUTH TECH PROGRAMS 35,000

CONSERVANCY OF SOUTHWEST FLORIDA

1495 SMITH PRESERVE WAY
NAPLES,FL34102 		  PC STEM LEARNING ADVENTURES PROGRAM 25,000

COX SCIENCE CENTER AND AQUARIUM

4801 DREHER TRAIL N
WEST PALM BEACH,FL33405 		  PC STEM PASSPORT PROGRAM 25,000

CROCKETT FOUNDATION

5101 NW 21ST AVE
FORT LAUDERDALE,FL33309 		  PC YOUTH EXPLORERS 25,000

DOMINICAN UNIVERSITY NEW YORK

470 WESTERN HWY
ORANGEBURG,NY10962 		  PC SMALL BUSINESS INCUBATOR & ENTREPRENEURSHIP COLLABORATIVE PROGRAM 25,000

DR EDWARD L WHIGHAM ELEMENTARY

21545 SW 87TH AVE
MIAMI,FL33189 		  PC ROBOTICS/CODING 7,000

ECKERD COLLEGE

4200 54TH AVE S
ST PETERSBURG,FL33711 		  PC SUMMER SCIENCE SPLASH 29,000

EDISON FAIRS

20791 THREE OAKS PKWY
ESTERO,FL33928 		  PC SCIENCE AND INVENTOR'S FAIR 2023/2024 SCHOOL YEAR FUND 10,000

ENCOUNTERS IN EXCELLENCE

23050 SW 156TH AVE
MIAMI,FL33170 		  PC 23-24 ODYSSEY EARTH ASSEMBLY FILM SERIES FOR FISH-EATING CREEK: WILD RIVER OF THE EVERGLADES 10,000

ENFAMILIA

16090 SW 293RD DR
HOMESTEAD,FL33033 		  PC PATH TO SUCCESS 20,000

EVERGLADES FOUNDATION

18001 OLD CUTLER RD
PALMETTO BAY,FL33157 		  PC GENERAL OPERATING 250,000

FAMILY YMCA OF THE GLENS FALLS AREA

600 GLEN ST
GLENS FALLS,NY12801 		  PC ASSORTED YOUTH PROGRAMS AGES 5 - 14 19,000

FINCA INTERNATIONAL

1201 15TH ST NW
WASHINGTON,DC20005 		  PC FINCA VENTURES FV - YEAR 1 500,000

FLORIDA ENGINEERING FOUNDATION

125 S GADSDEN ST
TALLAHASSEE,FL32301 		  PC FLORIDA MATHCOUNTS STATE COMPETITION 10,000

FLORIDA KEYS CHILDREN SHELTER

73 HIGH POINT RD
TAVERNIER,FL33070 		  PC JELSEMA JOURNEY LEARNING REBOOT - STEM PROGRAM 15,000

FOOD BANK FOR NEW YORK CITY

39 BROADWAY
NEW YORK,NY11414 		  PC HOLIDAY MEALS FUND 25,000

FOSTER LOVE FKA TOGETHER WE RISE

560 W LAMBERT RD
BREA,CA92821 		  PC STEM BOXES FOR NEW YORK CITY FOSTER YOUTH 20,000

FOUNDATION FOR LEE COUNTY PUBLIC SCHOOLS

2266 2ND ST
FORT MYERS,FL33901 		  PC MIDDLE SCHOOL STEM PROGRAMMING AT THE SANIBEL SCHOOL 10,000

FRIENDS OF MANATEE LAGOON

6000 N FLAGLER DR
WEST PALM BEACH,FL33407 		  PC A DAY IN THE LIFE OF A MANATEE - ANIMATION FILM AND EXHIBIT 35,000

FROST MUSEUM OF SCIENCE PHILIP AND PATRICIA

1101 BISCAYNE BLVD
MIAMI,FL33132 		  PC GLENN W. BAILEY FOUNDATION STEM CHALLENGE: CONNECTING HIGH SCHOOLS IN MIAMI-DADE TO SCIENCE INVESTIGATIONS 425,000

FULL STEAM FORWARD

11 ROANOKE AVE
BOSTON,MA02130 		  PC STEAM ENRICHMENT PROGRAM FOR 3RD AND 4TH GRADERS 20,000

GIRL SCOUTS OF CONNECTICUT

340 WASHINGTON ST
HARTFORD,CT06106 		  PC STEM PROGRAMMING FOR GIRLS IN CONNECTICUT 25,000

H LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE FOUNDATION

12902 USF MAGNOLIA DR
TAMPA,FL33612 		  PC SUMMER UNDERGRADUATE PROGRAM TO ADVANCE RESEARCH KNOWLEDGE 25,000

HARLEM COMMONWEALTH COUNCIL

361 W 125TH ST
NEW YORK,NY10027 		  PC STEM @ 3 20,000

HEALTHY AQUATICS MARINE INSTITUTE OF FLORIDA DBA THE REEF INSTITUTE

520 24TH ST
WEST PALM BEACH,FL33407 		  PC MARINE LIVING STRUCTURES INITIATIVE 30,000

INTREPID MUSEUM FOUNDATION

W 46TH ST
NEW YORK,NY10036 		  PC GOALS FOR GIRLS AND TEEN STEM PROGRAM 25,000

JASON LEARNING

44983 KNOLL SQ
ASHBURN,VA20147 		  PC STEM-PRENEURSHIP: FOSTERING ENTREPRENEURIAL STEM MINDSETS 35,000

JUNIOR ACHIEVEMENT OF SOUTH FLORIDA

1130 COCONUT CREEK BLVD
COCONUT CREEK,FL33066 		  PC JA FELLOWS 35,000

JUNIOR ACHIEVEMENT OF THE PALM BEACHES

700 S ROSEMARY AVE
WEST PALM BEACH,FL33401 		  PC JA CAREER SPEAKER SERIES, JA INSPIRE, JA HIGH SCHOOL PROGRAMS 200,000

LATINAS LEADING TOMORROW

1530 WILSON BLVD
ARLINGTON,VA22209 		  PC LATINA LABS STEAM - CHECK REPRINT 11,000

LIFTING UP WESTCHESTER

35 ORCHARD ST
WHITE PLAINS,NY10603 		  PC STEM PROGRAM 10,000

LITERACY PARTNERS

75 MAIDEN LN
NEW YORK,NY10038 		  PC LA FUERZA DE FAMILIAS LATINAS: A STEM ENCOURAGEMENT PROGRAM WITH SPANISH-SPEAKING FAMILIES 50,000

LOGGERHEAD MARINELIFE CENTER

14200 US HIGHWAY 1
JUNO BEACH,FL33408 		  PC COMPUTED TOMOGRAPHY CT MACHINE FOR LOGGERHEAD MARINELIFE CENTER'S SEA TURTLE HOSPITAL 500,000

LOYALTY FOUNDATION

469 W 57TH ST
NEW YORK,NY10019 		  PC DEVICES4ALL 10,000

MANY HAPPY HEARTS

2332 GALIANO ST
CORAL GABLES,FL33134 		  PC STEM PROGRAMMING 35,000

MARC LUSTGARTEN PANCREATIC CANCER FOUNDATION

415 CROSSWAYS PARK DR
WOODBURY,NY11797 		  PC ROBERT F. VIZZA LUSTGARTEN CLINICAL ACCELERATOR INITIATIVE 200,000

MARC LUSTGARTEN PANCREATIC CANCER FOUNDATION

415 CROSSWAYS PARK DR
WOODBURY,NY11797 		  PC LUSTGARTEN FOUNDATION'S TRANSFORMING EARLY DETECTION AND INTERCEPTION CAMPAIGN 750,000

MARC LUSTGARTEN PANCREATIC CANCER FOUNDATION

415 CROSSWAYS PARK DR
WOODBURY,NY11797 		  PC LUSTGARTEN FOUNDATION'S TRANSFORMING EARLY DETECTION AND INTERCEPTION CAMPAIGN 250,000

MERIDIAN INTERNATIONAL CENTER

1630 CRESCENT PL NW
WASHINGTON,DC20009 		  PC DIPLOMATIC SKILLS TRAINING FOR YOUNG SCIENTISTS 35,000

MIAMI WATERKEEPER

2103 CORAL WAY 2ND FLOOR
BISCAYNE BAY,FL33143 		  PC YOUTH EDUCATION PROGRAMS 25,000

NATIONAL CHILDREN'S MUSEUM

1300 PENNSYLVANIA AVE NW
WASHINGTON,DC20004 		  PC TINKERER'S STUDIO HANDS-ON STEM AND STEAM PROGRAMMING 25,000

NATIONAL PARK FOUNDATION

1500 K STREET NW SUITE 700
WASHINGTON,DC20005 		  PC REPAIR LINCOLN MEMORIAL/ SCIENCE FELLOWSHIPS/ FIELD SCIENCE 500,000

NATIONAL PARK FOUNDATION

1500 K STREET NW SUITE 700
WASHINGTON,DC20005 		  PC REPAIR LINCOLN MEMORIAL/ SCIENCE FELLOWSHIPS/ FIELD SCIENCE 500,000

NATIONAL SCIENCE & TECHNOLOGY MEDALS FOUNDATION

3222 N STREET NW STE 300
WASHINGTON,DC20007 		  PC INSTEM 25,000

NEVE PROJECT

2600 S DOUGLAS ROAD STE PH8
CORAL GABLES,FL33134 		  PC NEVE PROJECT: A PEER MENTORSHIP PROGRAM IN STEM 15,000

NEW YORK HALL OF SCIENCE

47-01 111TH STREET
CORONA,NY11368 		  PC GENERAL OPERATING SUPPORT 50,000

NEW YORK PROFESSIONAL ADVISORS FOR COMMUNITY ENTREPRENEURS

347 5TH AVE STE 703
NEW YORK,NY10016 		  PC NYPACE 2024 ENTREPRENEUR ADVISING 30,000

NORWALK COMMUNITY COLLEGE FOUNDATION

188 RICHARDS AVENUE E311
NORWALK,CT06854 		  PC EDUCATION PROGRAMS AT CONNECTICUT STATE COMMUNITY COLLEGE NORWALK 60,000

OCTAVIA PROJECT THE

PO BOX 381031
BROOKLYN,NY11238 		  PC OCTAVIA PROJECT SUMMER PROGRAMS 20,000

PALM BEACH COUNTY FOOD BANK

701 BOUTWELL ROAD
LAKE WORTH,FL33461 		  PC HOLIDAY MEALS FUND 25,000

PERSON TO PERSON

3540 BLOOMFIELD
CLOVIS,CA93619 		  PC HOLIDAY MEALS FUND 25,000

ROCHESTER INSTITUTE OF TECHNOLOGY

1 LOMB MEMORIAL DRIVE
ROCHESTER,NY14623 		  PC SUMMER MATH APPLICATIONS IN SCIENCE WITH HANDS-ON EXPERIENCE FOR GIRLS (SMASH) 33,000

SCIENTIAE

914 RAILROAD AVENUE 33
TALLAHASSEE,FL32310 		  PC PATHWAYS PROGRAM 25,000

SCORE FOUNDATION

1165 HERNDON PARKWAY SUITE 100
HERNDON,VA20170 		  PC "SIMPLE STEPS TO FINDING THE RIGHT FUNDING" WORKSHOP 50,000

SEABEE MEMORIAL SCHOLARSHIP ASSOCIATION

21 LAFRATE WAY
KINGSTOWN,RI02852 		  PC INCREASING SCHOLARSHIP APPLICATIONS FOR ACTIVE DUTY FAMILIES 25,000

SHELL MUSEUM AND EDUCATIONAL FOUNDATION

SCOT CONGRESS PO BOX 1580
SANIBEL,FL33957 		  PC RENEWAL OF THE BAILEY-MATTHEWS NATIONAL SHELL MUSEUM FOLLOWING HURRICANE IAN 250,000

STEER FOR STUDENT ATHLETES

304 MIDLAND AVE
PORT CHESTER,NY10573 		  PC STEM CAREER OPPORTUNITY READINESS PROGRAM (SCORP) 30,000

STEM ALLIANCE OF LARCHMONT-MAMARONECK

4 MONROE AVENUE
LARCHMONT,NY10538 		  PC STEM EDUCATION & EQUITY FUND 25,000

STEM TEACHERS OF NEW YORK CITY

245 WEST 107TH STREET 108
NEW YORK,NY10025 		  PC TEACHER-LED PROFESSIONAL DEVELOPMENT FOR STEM TEACHERS 25,000

SYRACUSE UNIVERSITY

640 SKYTOP RD SKYTOP OFFICE
BUILDING
SYRACUSE,NY13244 		  PC VETERAN WOMEN IGNITING THE SPIRIT OF ENTREPRENEURSHIP (V-WISE) 35,000

TEACH FOR AMERICA DC

1805 7TH STREET NW 8TH FLOOR
WASHINGTON,DC46209 		  PC A PIPELINE OF DIVERSE STEM EDUCATORS 30,000

UNIVERSITY OF FLORIDA FOUNDATION SCRIPPS RESEARCH

2015 SW 16TH AVE
GAINESVILLE,FL32611 		  PC ENDOWMENT GLENN W. AND CORNELIA T. BAILEY ENDOWED GRADUATE FELLOWSHIP AND COMMUNITY EDUCATION AND OUTREACH PROGRAM ENDOWMENT 2,500,000

UNIVERSITY OF MIAMI

205 ASHE BUILDING PO BOX 248004
CORAL GABLES,FL33124 		  PC SCIENCE ALLIANCE: EVERGLADES 75,000

UNIVERSITY OF MIAMI

205 ASHE BUILDING PO BOX 248004
CORAL GABLES,FL33124 		  PC SCIENCE ALLIANCE: EVERGLADES 6,500

UNIVERSITY OF MIAMI

205 ASHE BUILDING PO BOX 248004
CORAL GABLES,FL33124 		  PC SCIENCE ALLIANCE: EVERGLADES 20,000

UNIVERSITY SETTLEMENT SOCIETY OF NEW YORK

184 ELDRIDGE STREET
NEW YORK,NY10002 		  PC EAST SIDE COMMUNITY SCHOOL STEM ROBOTICS PROGRAM 35,000

URBAN ARTS PARTNERSHIP

39 WEST 19TH STREET
NEW YORK,NY10011 		  PC GENERAL OPERATING SUPPORT FOR URBAN ARTS GAME DESIGN PROGRAMS 45,000

WEBB INSTITUTE

298 CRESCENT BEACH ROAD
GLEN COVE,NY11542 		  PC SCHOLARSHIPS, MARINE ENERGY LABORATORY TEST BED, STEM EDUCATION PROGRAM 200,000

WESTCHESTER CHILDREN'S MUSEUM

PO BOX 397
RYE,NY10580 		  PC FAMILY ACCESS MEMBERSHIP 15,000

WESTMORELAND SANCTUARY

260 CHESTNUT RIDGE ROAD
MOUNT KISCO,NY10549 		  PC THE ENVIRONMENTAL EDUCATION CENTER EEC 30,000
Total .................................right arrow 3a 10,059,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,928,272  
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 .....     14 538,740  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -1,099,517  
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) .. 0 1,367,495 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,367,495
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
GLENN W BAILEY CHARITABLE TRUST
 
Employer identification number

88-6220262
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
GLENN W BAILEY CHARITABLE TRUST
  		Employer identification number
88-6220262
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CORNELIA T BAILEY CHARITABLE TRUST
 
515 NORTH FLAGLER DRIVE SUITE 500
 
WEST PALM BEACH, FL33401

$ 61


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
GLENN W BAILEY CHARITABLE TRUST
  		Employer identification number

88-6220262
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
GLENN W BAILEY CHARITABLE TRUST
  		Employer identification number

88-6220262
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 23,363 3,504   19,859

TY 2023 InvestmentsCorpBondsSchedule
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Name of Bond End of Year Book Value End of Year Fair Market Value
2024 AMERN EXPRESS 1,020,420 982,720
BANK AMER CORP 1,012,021 996,109
FLORIDA PWR & LT CO 1,011,720 990,616
GILEAD SCIENCES INC 1,013,339 995,219
ORACLE CORP 1,023,803 988,271
2025 APPLE INC 1,030,064 975,324
BANK NEW YORK INC MEDIUM TERM 1,032,966 978,229
DEERE JOHN CAP CORP MEDIUM TERM 999,130 983,262
EXXON MOBIL CORP 1,032,481 979,473
PEPSICO INC 1,029,664 974,008
SCHWAB CHARLES CORP 1,032,862 974,578
STARBUCKS CORP 1,034,110 981,836
2026 DISNEY WALT CO 1,049,766 967,312
JPMORGAN CHASE & CO 1,046,070 965,271
PFIZER INC 981,490 958,862
PRINCIPAL FINL GROUP INC 1,047,564 952,634
UNITEDHEALTH GROUP INC 1,048,568 971,176
WELLS FARGO & CO 1,041,942 958,233
2024 SHELL INTL FIN 974,110 974,110

TY 2023 InvestmentsCorpStockSchedule
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Name of Stock End of Year Book Value End of Year Fair Market Value
MFO FIDELITY 500 INDEX 90,658,647 94,782,600

TY 2023 InvestmentsOtherSchedule2
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MAKENA CAPITAL SPLITTER X, LP AT COST 77,347,565 72,017,921
MAKENA CAPITAL BLOCKER Y (CAYMAN), LP AT COST 23,058,459 23,038,978
PHASE CHANGE SOFTWARE AT COST 2,540,420 2,540,420
677 FINANCIAL GROUP AT COST 2,000,000 2,000,000

TY 2023 LegalFeesSchedule
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 11,515 1,727   9,788


TY 2023 OtherAssetsSchedule
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSITS IN TRANSIT 0 4,957,828 4,957,828


TY 2023 OtherExpensesSchedule
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSES 12,332 0   12,332
SUPPLIES & MATERIALS 20 0   20
OTHER EXPENSES 7,941 0   7,941
CREDIT CARD FEES 290 0   290
ENTERTAINMENT MEALS 4,876 0   4,876
DUES AND SUBSCRIPTIONS 4,849 0   4,849


TY 2023 OtherIncomeSchedule2
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 538,740 31,706 538,740


TY 2023 OtherLiabilitiesSchedule
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLE 2,275 2,333


TY 2023 OtherProfessionalFeesSchedule
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 50,202 50,202   0
OTHER PROFESSIONAL FEES 10,960 0   10,960


TY 2023 TaxesSchedule
Name:
GLENN W BAILEY CHARITABLE TRUST
EIN:
88-6220262
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 135,000 0   0
STATE TAX 774 0   0
OTHER TAXES 17,400 0   0