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
WAITT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1397
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NORTH SIOUX CITY, SD57049
A Employer identification number

46-0428166
B Telephone number (see instructions)

(605) 232-9929
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$136,284,471J 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 351,111 351,111  
4 Dividends and interest from securities... 1,645,688 1,981,200  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-1,150,891
b Gross sales price for all assets on line 6a 883,504
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
232,699 51,072  
12 Total. Add lines 1 through 11........ 1,078,607 2,383,383  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 228,745 0   228,745
14 Other employee salaries and wages...... 556,395 0   556,395
15 Pension plans, employee benefits....... 81,690 0   81,690
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
67,741 0   67,741
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
683,740 485,625   196,178
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
165,453 10,755   54,778
19 Depreciation (attach schedule) and depletion... 36,346 0  
20 Occupancy.............. 189,602 0   201,450
21 Travel, conferences, and meetings....... 156,403 0   156,403
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
83,527 280,568   59,871
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,249,642 776,948   1,603,251
25 Contributions, gifts, grants paid....... 10,190,301 10,190,301
26 Total expenses and disbursements. Add lines 24 and 25 12,439,943 776,948   11,793,552
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -11,361,336
b Net investment income (if negative, enter -0-) 1,606,435
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............. 625,607 203,028 203,028
2 Savings and temporary cash investments......... 6,280,530 8,291,794 8,291,794
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 37,881 16,359 16,359
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 35,351,624 Click to see attachment
List of Attached Documents:
// Content
38,116,339 		38,116,339
c Investments—corporate bonds (attach schedule)....... 18,850,690 Click to see attachment
List of Attached Documents:
// Content
20,803,139 		20,803,139
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).......... 68,511,442 Click to see attachment
List of Attached Documents:
// Content
67,310,675 		67,310,675
14 Land, buildings, and equipment: basis right arrow351,628
Less: accumulated depreciation (attach schedule) right arrow315,291 65,650 Click to see attachment
List of Attached Documents:
// Content
36,337 		36,337
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
976,469 		Click to see attachment
List of Attached Documents:
// Content
1,506,800 		Click to see attachment
List of Attached Documents:
// Content
1,506,800
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 130,699,893 136,284,471 136,284,471
Liabilities 17 Accounts payable and accrued expenses.......... 167,961 336,068
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
637,740 		Click to see attachment
List of Attached Documents:
// Content
481,328
23 Total liabilities (add lines 17 through 22)......... 805,701 817,396
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........... 129,894,192 135,467,075
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 129,894,192 135,467,075
30 Total liabilities and net assets/fund balances (see instructions). 130,699,893 136,284,471
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
129,894,192
2
Enter amount from Part I, line 27a .....................
2
-11,361,336
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
16,934,219
4
Add lines 1, 2, and 3 ..........................
4
135,467,075
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
135,467,075
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 CAPITAL GAINS FROM PUBLICLY TRADED SECURITIES P 2023-01-01 2023-12-31
b CAPITAL GAINS FROM PARTNERSHIPS P 2023-01-01 2023-12-31
c CAPITAL GAINS/LOSSES FROM SALE OF PTP P 2023-01-01 2023-12-31
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     1,536,376 -1,536,376
b 872,927   487,442 385,485
c 10,577     10,577
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       -1,536,376
b       385,485
c       10,577
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 -1,140,314
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 22,329
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 22,329
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 22,329
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 147,606
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 147,606
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 10 125,277
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow125,277 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 arrowCA, SD
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.WAITTFOUNDATION.ORG
14
The books are in care ofright arrowJOSH SHERER Telephone no.right arrow (605) 232-9929

Located atright arrowPO BOX 1397NORTH SIOUX CITYSD ZIP+4right arrow57049
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)
Yes
 
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
HAILEY WAITT DIRECTOR
0.50 		0 0 0
7817 IVANHOE AVE SUITE 300
LA JOLLA,CA92037
SHANE HARTNETT DIRECTOR
2.00 		0 0 0
801 RIVER DRIVE SUITE 200
NORTH SIOUX CITY,SD57049
MAX WAITT DIRECTOR
0.50 		0 0 0
801 RIVER DRIVE SUITE 200
NORTH SIOUX CITY,SD57049
DAVID STOOS SECRETARY
2.00 		0 0 0
801 RIVER DRIVE SUITE 200
NORTH SIOUX CITY,SD57049
JOSH SHERER TREASURER
2.00 		0 0 0
801 RIVER DRIVE SUITE 200
NORTH SIOUX CITY,SD57049
DAVE RUSSELL VICE CHAIRMAN/DIRECTOR
0.50 		0 0 0
7817 IVANHOE AVE SUITE 300
LA JOLLA,CA92037
THEODORE W WAITT CHAIRMAN/DIRECTOR
6.00 		0 0 0
7817 IVANHOE AVE SUITE 300
LA JOLLA,CA92037
CHERIE PROTHRO-SHEA MANAGING DIRECTOR
40.00 		198,796 29,949 552
7817 IVANHOE AVE SUITE 300
LA JOLLA,CA92037
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
THOMAS GRUESKIN PROGRAM DIRECTOR
40.00 		200,546 40,732 1,489
7817 IVANHOE AVE STE 300
LA JOLLA,CA92037
TAMARA MARSHALL OPERATIONS MANAGER
40.00 		154,854 49,497 196
7817 IVANHOE AVE STE 300
LA JOLLA,CA92037
SHAYNA BRODY MEDIA & COMMS DIRECT
40.00 		130,267 12,743 126
7817 IVANHOE AVE STE 300
LA JOLLA,CA92037
TIFFANY NGO COMMUNICATIONS MANAG
40.00 		98,659 14,148 78
7817 IVANHOE AVE STE 300
LA JOLLA,CA92037
JENNIFER AADNES ADMINISTRATIVE ASSIS
40.00 		106,251 6,120 162
7817 IVANHOE AVE STE 300
LA JOLLA,CA92037
Total number of other employees paid over $50,000...................right arrow 2
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
AVALON CAPITAL GROUP MANAGEMENT FEE 252,679
PO BOX 1397
NORTH SIOUX CITY,SD57049
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
7,647,848
b
Average of monthly cash balances.......................
1b
125,444,052
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
133,091,900
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
133,091,900
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,996,379
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
131,095,521
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,554,776
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
6,554,776
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
22,329
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,329
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,532,447
4
Recoveries of amounts treated as qualifying distributions................
4
115,798
5
Add lines 3 and 4............................
5
6,648,245
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
6,648,245
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
11,793,552
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
1,459
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
11,795,011
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 6,648,245
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......  
b From 2019......  
c From 2020......  
d From 2021...... 1,600,933
e From 2022...... 3,805,187
f Total of lines 3a through e ........ 5,406,120
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 11,795,011
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..... 6,648,245
e Remaining amount distributed out of corpus 5,146,766
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 10,552,886
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		10,552,886
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 1,600,933
d Excess from 2022.... 3,805,187
e Excess from 2023.... 5,146,766
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).)
THEODORE W WAITT
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:
CHERIE PROTHRO-SHEA
PO BOX 1948
LA JOLLA,CA92038
(858) 551-4400
bThe form in which applications should be submitted and information and materials they should include:
GRANT APPLICATIONS ARE ACCEPTED FOR WF'S RAPID OCEAN CONSERVATION ('ROC') GRANTS PROGRAM APPLICATIONS MUST BE COMPLETED UTILIZING WF'S PRELIMINARY GRANT REQUEST VIA ITS WEBSITE WAITTFOUNDATION.ORG, AFTER THE GRANT APPLICANT REVIEWS WF'S GRANT GUIDELINES AND GRANTEE REQUIREMENTS ALSO FOUND ON ITS WEBSITE AN APPLICANT MUST PROVIDE ITS US TAX IDENTIFICATION NUMBER AND MUST BE PREPARED TO PROVIDE A CURRENT COPY OF ITS IRS 501(C)(3) DETERMINATION LETTER INTERNATIONAL APPLICANTS OUTSIDE THE US MUST PROVIDE PROOF OF PUBLIC CHARITABLE STATUS EQUIVALENT UNDER US LAWS
cAny submission deadlines:
PRELIMINARY GRANT REQUESTS ARE ACCEPTED YEAR-ROUND VIA WF'S WEBSITE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
WAITT FOUNDATION LIMITS ITS GRANTS ACCORDING TO THE CRITERIA DEFINED IN THE GRANTS GUIDELINES AND GRANTEE REQUIREMENTS SECTION ON ITS WEBSITE (WAITTFOUNDATION.ORG). ITS GRANTEES MUST HAVE PROGRAMS THAT ARE PROJECT SPECIFIC WITH TANGIBLE AND MEASURABLE RESULTS. PRIORITY IS GIVEN TO INITIATIVES ADDRESSING WF'S CORE FOCUS, OCEAN CONSERVATION WHILE WF MAY MAKE EXCEPTIONS IN SPECIAL CIRCUMSTANCES, IT GENERALLY DOES NOT SUPPORT PROGRAMS OR ORGANIZATIONS THAT FALL OUTSIDE OF ITS KEY AREAS OF FOCUS, AND DOES NOT ACCEPT PROPOSALS TO SUPPORT INDIVIDUALS, EVENT FUNDRAISERS AND SPONSORHIPS, ENDOWMENTS, OR LOBBYING OF ANY KIND THE MAXIMUM AMOUNT FOR WF ROC GRANT REQUEST IS $15,000
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

ALEX'S LEMONADE STAND

333 E LANCASTER AVE 414
WYNNEWOOD,PA19096 		NONE PC EMPLOYEE MATCH 100

AMERICAN NEAR EAST REFUGEE AID

11111 14TH STREET NW 400
WASHINGTON,DC20005 		NONE PC EMPLOYEE MATCH 250

ANCIENT AND EFFERVESCENT ORDER OF THE LITTLE YELLOW DOG

5500 STONE AVENUE
SIOUX CITY,IA51106 		NONE PC EMPLOYEE MATCH 1,000

BARBUDANGO

CODRINGTON VILLAGE
CODRINGTON    
AC 		NONE NC OCEAN CONSERVATION 30,000

CARIBBEAN RESEARCH & MANAGEMENT OF BIODIVERSITY FOUNDATION

PISCADERABAAI Z/N
WILLEMSTAD    
OC 		NONE NC RAPID OCEAN CONSERVATION GRANT 20,000

CENTER FOR APPROPRIATE TECHNOLOGY AND DEVELOPMENT

RATU KADAVULEVU ROAD
NAUSORI    
FJ 		NONE NC OCEAN CONSERVATION 30,443

CHILDREN INTERNATIONAL

2000 E RED BRIDGE RD
KANSAS CITY,MO64131 		NONE PC EMPLOYEE MATCH 546

CONSERVATION INTERNATIONAL FOUNDATION

2011 CRYSTAL DRIVE SUITE 600
ARLINGTON,VI22202 		NONE PC OCEAN CONSERVATION 300,000

CRITTENTON CENTER

PO BOX 295
SIOUX CITY,IA51106 		NONE PC EMPLOYEE MATCH 1,500

FAMILY WORSHIP CENTER

1315 INDIAN HILLS DRIVE
SIOUX CITY,IA51104 		NONE PC EMPLOYEE MATCH 448

FOOD BANK OF SIOUXLAND

PO BOX 985
SIOUX CITY,IA51102 		NONE PC EMPLOYEE MATCH 1,950

FOREVER COSTA RICA

SABANA NORTE TORRE LA SABANA PISO 5
SAN JOSE    
CS 		NONE NC OCEAN CONSERVATION 100,000

GLOBAL FISHING WATCH

1025 CONNECTICUT AVE NW STE 200
WASHINGTON,DC20036 		NONE PC OCEAN CONSERVATION 200,000

HABITAT FOR HUMANITY

322 WEST LAMAR STREET
AMERICUS,GA31709 		NONE PC EMPLOYEE MATCH 10,000

HEAL THE BAY

1444 9TH STREET
SANTA MONICA,CA90401 		NONE PC EMPLOYEE MATCH 1,030

INTERNATIONAL UNION FOR CONSERVATION OF NATURE - UNITED STATES

1630 CONNECTICUT AVE NW SUITE 300
WASHINGTON,DC20009 		NONE PC OCEAN CONSERVATION 100,000

LOS ANGELES LGBT CENTER

1118 N MCCADDEN PLACE
LOS ANGELES,CA90038 		NONE PC EMPLOYEE MATCH 700

SCRIPPS INSTITUTION OF OCEANOGRAPHY

8622 KENNEL WAY
LA JOLLA,CA92037 		NONE PC OCEAN CONSERVATION 344,708

BREN SCHOOL OF ENVIRONMENTAL SCIENCE & MANAGEMENT (UCSB)

2410 BREN HALL
SANTA BARBARA,CA93106 		NONE PC OCEAN CONSERVATION 700,000

SEASKETCH

MARINE SCIENCE INSTITUTE UNIVERSITY
OF CALIFORNIA
SANTA BARBARA,CA93106 		NONE PC OCEAN CONSERVATION 718,377

RESTORE UPLIFT & HOPE SAN DIEGO

10601 TIERRASANTA BLVD STE G
SAN DIEGO,CA92124 		NONE PC EMPLOYEE MATCH 500

OCEANS 5

6 WEST 48TH STREET 10TH FLOOR
NEW YORK,NY10036 		NONE PC OCEAN CONSERVATION 1,000,000

OPPPORTUNITIES UNLIMITED

3439 GLEN OAKS BOULEVARD
SIOUX CITY,IA51104 		NONE PC EMPLOYEE MATCH 1,000

SAVE THE WAVES COALITION

3500 HIGHWAY 1
DAVENPORT,CA95017 		NONE PC RAPID OCEAN CONSERVATION GRANT 70,000

SHARKS PACIFIC

1302 CHINO STREET
SANTA BARBARA,CA93101 		NONE PC RAPID OCEAN CONSERVATION GRANT 19,987

SIOUXLAND HUMANE SOCIETY

1015 TRI-VIEW AVE
SIOUX CITY,IA51103 		NONE PC EMPLOYEE MATCH 2,500

ST LUKE'S CHILDREN'S MIRACLE NETWORK

2720 STONE PARK BLVD
SIOUX CITY,IA51104 		NONE PC EMPLOYEE MATCH 1,500

THE UNIVERSITY OF QUEENSLAND

1209 G ST NE
WASHINGTON,DC20002 		NONE PC OCEAN CONSERVATION 250,000

THE UNIVERSITY OF THE SOUTH PACIFIC INSTITUTE OF APPLIED SCIENCES

LAUCALA CAMPUS PRIVATE MAIL BAG
SUVA    
FJ 		NONE NC OCEAN CONSERVATION 83,762

WAITT INSTITUTE

801 RIVER DRIVE SUITE 200
NORTH SIOUX CITY,SD57049 		NONE POF OCEAN CONSERVATION 6,200,000
Total .................................right arrow 3a 10,190,301
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 ........... 		    14 351,111  
4 Dividends and interest from securities ....     14 1,645,688  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -1,150,891  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRETURNED GRANTS 		      115,798  
bPARTNERSHIP INCOME PER BOOKS 900099 8,660 14 108,241  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 8,660 1,069,947 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,078,607
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
WAITT FOUNDATION
EIN:
46-0428166
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 67,741 0   67,741

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TY 2023 ExpenditureResponsibilityStmt
Name:
WAITT FOUNDATION
EIN:
46-0428166
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
BARBUDANGO
  		CODRINGTON VILLAGE
CODRINGTON    
AC 		2022-11-30 30,000 OCEAN CONSERVATION 20,657 NONE 10/15/23, 12/31/23, 7/2/24    
FOREVER COSTA RICA
  		SABANA NORTE TORRE LA SABANA PISO 5
SAN JOSE    
CS 		2022-12-14 100,000 OCEAN CONSERVATION 100,000 NONE 10/9/23, 12/31/23, 5/22/24    
OCEANO AZUL FOUNDATION
  		ESPLANADA DOM CARLOS I S/N 1990-005
LISBOA    
PO 		2022-09-01 382,762 OCEAN CONSERVATION 207,189 NONE 10/27/23, 5/15/23, 11/3/23    
UTO NI YALO TRUST
  		SUVA POINT NATIONAL SAILING CENTRE
LAUCALA BAY R
SUVA    
FJ 		2022-12-09 25,000 OCEAN CONSERVATION 0 NONE 8/30/23, 6/30/24    
BARBUDANGO
  		CODRINGTON VILLAGE
CODRINGTON    
AC 		2023-11-29 30,000 OCEAN CONSERVATION 0 NONE 01/01/23    
FOREVER COSTA RICA
  		SABANA NORTE TORRE LA SABANA PISO 5
SAN JOSE    
CS 		2023-12-07 100,000 OCEAN CONSERVATION 0 NONE 05/22/24    
CARRIBEAN RESEARCH & MANAGEMENT OF BIODIVERSITY FOUNDATION
  		PISCADERABAAI Z/N
WILLEMSTAD    
UC 		2023-10-09 20,000 OCEAN CONSERVATION 20,000 NONE 08/8/24    
CENTER FOR APPROPRIATE TECHNOLOGY AND DEVELOPMENT
  		RATU KADAVULEVU ROAD
NAUSORI    
FJ 		2023-10-11 30,443 OCEAN CONSERVATION 30,443 NONE 03/24/23    
INTERNATIONAL UNION FOR CONSERVATION OF NATURE
  		1630 CONNECTICUT AVE NW SUITE 300
WASHINGTON,DC20009 		2023-12-06 100,000 OCEAN CONSERVATION 0 NONE 01/01/23, 6/30/24    
THE UNIVERSITY OF THE SOUTH PACIFIC
  		LAUCALA CAMPUS PRIVATE MAIL BAG
SUVA    
FJ 		2023-12-20 83,762 OCEAN CONSERVATION 0 NONE 01/01/23, 7/1/24    

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TY 2023 GainLossSaleOtherAssetsSch
Name:
WAITT FOUNDATION
EIN:
46-0428166
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
CAPITAL GAINS/LOSSES FROM SALE OF PTP 2023-01 PURCHASED 2023-12       COST 0 -10,577  

TY 2023 InvestmentsCorpBondsSchedule
Name:
WAITT FOUNDATION
EIN:
46-0428166
Name of Bond End of Year Book Value End of Year Fair Market Value
ALPS CORE COMMODITY 2,588,998 2,588,998
FIXED INCOME FUND - FIRST PACIFIC ADVISORS(FPA) 5,553,893 5,553,893
FIXED INCOME FUND - METROPLITAN WEST 10,841,680 10,841,680
FIXED INCOME FUND - PIMCO 1,818,568 1,818,568

TY 2023 InvestmentsCorpStockSchedule
Name:
WAITT FOUNDATION
EIN:
46-0428166
Name of Stock End of Year Book Value End of Year Fair Market Value
ARKE FOCUS FUND 7,283,998 7,283,998
ARTISAN FOCUS FUND 3,297,848 3,297,848
ARTISAN GROWTH OPP FUND 6,696,449 6,696,449
ARTISAN SMALL CAP 976,257 976,257
DODGE & COX 3,075,383 3,075,383
EQUITIES - RIVER ROAD 5,008,784 5,008,784
ISHARES CORE S&P 500 5,330,351 5,330,351
HARDING LOEVNER INTL 2,560,217 2,560,217
T ROWE PRICE 734,065 734,065
OPPENHEIMER DEVELOPING MARKETS FUND 3,152,987 3,152,987

TY 2023 InvestmentsOtherSchedule2
Name:
WAITT FOUNDATION
EIN:
46-0428166
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AEQUIM ARBITRAGE FMV 2,309,064 2,309,064
AG CAPITAL RECOVERY VIII HOLDINGS FMV 9,810 9,810
AG SUPER FUND INT'L LTD FMV 2,825,820 2,825,820
AKO LIMITED FUND FMV 4,028,171 4,028,171
ALKEON GROWTH OFFSHORE FUND FMV 3,520,000 3,520,000
ATHENA SELECT - LITHIC FMV 2,575,097 2,575,097
BLACKSTONE TACTICAL OPPS FUND FMV 380,882 380,882
BLACKSTONE TACTICAL OPPS FUND III FMV 882,239 882,239
CADIAN OFFSHORE FUND FMV 1,966,012 1,966,012
CANYON LAUREL INVESTMENT FUND FMV 69,762 69,762
CANYON LAUREL INVESTMENT FUND II FMV 726,381 726,381
CHARLESBANK EQUITY FUND FMV 3,993,991 3,993,991
CHILDREN'S INVESTMENT FUND FMV 4,525,750 4,525,750
CRC GLOBAL STRUCTURED CR FUND FMV 556,927 556,927
D.E. SHAW COMPOSITE INT'L FMV 6,477,650 6,477,650
FARALLON CAPITAL FMV 4,461,285 4,461,285
FIXED INCOME FUND - COLCHESTER GLOBAL BOND FMV 3,118,540 3,118,540
FIXED INCOME FUND - OAKTREE ENHANCED INCOME FMV 9,355 9,355
FOLIUM CAPITAL AGRICULTURE FUND FMV 1,464,783 1,464,783
FOLIUM CAPITAL TIMBER FUND FMV 1,399,332 1,399,332
FORWARD VENTURES IV FMV 108,592 108,592
GENERATION IM GLOBAL EQUITY FUND FMV 2,879,526 2,879,526
GLOBAL EVENT PARTNERS FMV 4,394,804 4,394,804
GREENSPRING GLOBAL PARTNERS IX-B FMV 1,032,748 1,032,748
GREENSPRING GLOBAL PARTNERS V-B FMV 2,479,363 2,479,363
GREENSPRING GLOBAL PARTNERS VII-B FMV 3,603,601 3,603,601
NITORUM OFFSHORE FUND FMV 500,347 500,347
POMONA CAPITAL FMV 11,072 11,072
Q-BLK REAL ASSETS LP FMV 168,155 168,155
UBS TRUMBULL PROPERTY FMV 1,555,522 1,555,522
US VENTURE PARTNERS XII FMV 1,110,549 1,110,549
VARDE FUND XII FMV 508,033 508,033
VARDE FUND XIII FMV 973,808 973,808
VIVO CAPITAL VIII FMV 728,075 728,075
VIVO VENTURES FUND FMV 136,347 136,347
WAVE EQUITY FUND FMV 1,819,282 1,819,282

TY 2023 LandEtcSchedule2
Name:
WAITT FOUNDATION
EIN:
46-0428166
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURES & FIXTURES 260,232 223,895 36,337 36,337
EQUIPMENT 0 0    
LEASEHOLD IMPROVEMENTS 76,199 76,199 0  
SOFTWARE 15,197 15,197 0  


TY 2023 OtherAssetsSchedule
Name:
WAITT FOUNDATION
EIN:
46-0428166
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RIGHT OF USE ASSET 585,890 475,874 475,874
DUE TO/FROM WAITT INSTITUTE 11,837    
ACCOUNTS RECEIVABLE 378,742 1,030,926 1,030,926


TY 2023 OtherExpensesSchedule
Name:
WAITT FOUNDATION
EIN:
46-0428166
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INFORMATION TECHNOLOGIES 36,265 0   36,255
INSURANCE 11,968 0   11,968
OFFICE SUPPLIES 19,922 0   3,775
OUTSIDE SERVICES 1,284 0   1,284
POSTAGE 8 0   8
SUBSCRIPTIONS 3,084 0   3,084
PERMITS & LICENSES 421 0   421
MISCELLANEOUS 7,499 0   0
COMMUNICATIONS 3,067 0   3,067
BANK FEES 9 0   9
PARTNERSHIP EXPENSES 0 280,568   0


TY 2023 OtherIncomeSchedule2
Name:
WAITT FOUNDATION
EIN:
46-0428166
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME PER SCHEDULE K-1S   51,072  
RETURNED GRANTS 115,798   115,798
PARTNERSHIP INCOME PER BOOKS 116,901   116,901


TY 2023 OtherIncreasesSchedule
Name:
WAITT FOUNDATION
EIN:
46-0428166
Description Amount
UNREALIZED GAINS/LOSSES & BOOK/TAX DIFFERENCE 16,934,219


TY 2023 OtherLiabilitiesSchedule
Name:
WAITT FOUNDATION
EIN:
46-0428166
Description Beginning of Year - Book Value End of Year - Book Value
DUE FROM - ACG INC 51,850 0
LEASE LIABILITY 585,890 481,328


TY 2023 OtherProfessionalFeesSchedule
Name:
WAITT FOUNDATION
EIN:
46-0428166
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 160,127 160,127   0
PROFESSIONAL FEES 181,498 181,498   0
INVESTMENT MSA FEE 144,000 144,000   0
COMMUNICATIONS 82,120 0   82,120
CONTRACT LABOR 115,995 0   114,058


TY 2023 TaxesSchedule
Name:
WAITT FOUNDATION
EIN:
46-0428166
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 99,920 0   0
FOREIGN TAXES 10,755 10,755   0
PAYROLL TAXES 54,778 0   54,778