TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
THE RICBAC FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)CO ERIC ISSELBACHER PO BOX 600071
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEWTONVILLE, MA02460

A Employer identification number

04-2660137

B Telephone number (see instructions)

(617) 726-5610

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$48,205,840J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,226,563		1,226,563
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,065,378
b	Gross sales price for all assets on line 6a 1,665,049
7	Capital gain net income (from Part IV, line 2)...			1,065,378
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).......	List of Attached Documents: // Content	265,356	210,829
12	Total. Add lines 1 through 11........	2,557,297		2,502,770
13	Compensation of officers, directors, trustees, etc.	100,000		25,000	75,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	14,071	7,035	7,036
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	24,100	18,075	6,025
c	Other professional fees (attach schedule)....
17	Interest...............	1,160		1,160	0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	87,152	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	158,272	158,272	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	384,755		209,542	88,061
25	Contributions, gifts, grants paid.......	1,758,716			1,758,716
26	Total expenses and disbursements. Add lines 24 and 25	2,143,471		209,542	1,846,777
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	413,826
b	Net investment income (if negative, enter -0-)			2,293,228
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............		1	1
	2	Savings and temporary cash investments.........	617,186	1,295,023	1,295,023
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	230,621	List of Attached Documents: // Content 434,342	433,863
	b	Investments—corporate stock (attach schedule).......	33,859,348	List of Attached Documents: // Content 33,196,356	38,736,521
	c	Investments—corporate bonds (attach schedule).......	5,125,321	List of Attached Documents: // Content 4,420,188	4,182,268
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,390,551	List of Attached Documents: // Content 2,754,907	3,405,258
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 153,420	List of Attached Documents: // Content 152,906	List of Attached Documents: // Content 152,906
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	42,376,447	42,253,723	48,205,840
	17	Accounts payable and accrued expenses..........	124,100	124,100
	18	Grants payable.................	536,550
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	660,650	124,100
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	41,715,797	42,129,623
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	41,715,797	42,129,623
	30	Total liabilities and net assets/fund balances (see instructions).	42,376,447	42,253,723

Part III

Analysis of Changes in Net Assets or Fund Balances

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

41,715,797

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

413,826

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

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

42,129,623

Decreases not included in line 2 (itemize) right arrow

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

42,129,623

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
1 a	JD 04437	P
b	JD 05034	P
c	JD 05038	P
d	JD 05039	P
e	JD 05040	P
	JD 05041	P
	JD 05826	P
	JD 04437	P
	JD 05034	P
	JD 05038	P
	JD 05039	P
	JD 05040	P
	JD 05041	P
	JD 05826	P
	CENTERBRIDGE	P
	TAILWATER ENERGY FUND II LP - 1231 GAIN (LOSS)	P
	TAILWATER ENERGY FUND II LP - LT GAINS (LOSS)	P
	ASP VII ALTERNATIVE INVESTMENTS - LT GAINS (LOSS)	P
	ATALAYA SPECIAL OPP FUND VI LP - ST GAIN (LOSS)	P
	STERLING GROUP PARTNERS - ST GAIN (LOSS)	P
	AMERICAN SECURITY PARTNERS - LT GAINS (LOSS)	P
	AMERICAN SECURITY PARTNERS - ST GAIN (LOSS)	P
	THOMPSON STREET CAPITAL PARTNERS - LT GAINS (LOSS)	P
	STERLING GROUP PARTNERS - LT GAINS (LOSS)	P
	TAILWATER ENERGY FUND II LP - LT GAINS (LOSS)	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a		10,240	-10,240
b		13,543	-13,543
c	16,330		16,330
d	6,504		6,504
e	6,156		6,156
		27,241	-27,241
		11,010	-11,010
	369,604		369,604
	121,771		121,771
	805,900		805,900
	124,767		124,767
		67,141	-67,141
		417,769	-417,769
		2,878	-2,878
	331		331
	12,227		12,227
		79	-79
		47,472	-47,472
		2,298	-2,298
	32		32
	103,885		103,885
	47		47
	927		927
	84,247		84,247
	12,321		12,321

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			-10,240
b			-13,543
c			16,330
d			6,504
e			6,156
			-27,241
			-11,010
			369,604
			121,771
			805,900
			124,767
			-67,141
			-417,769
			-2,878
			331
			12,227
			-79
			-47,472
			-2,298
			32
			103,885
			47
			927
			84,247
			12,321

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,065,378
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	31,876
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	31,876
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	31,876
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	24,000
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	24,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	262
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	8,138
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Website address right arrow

NONE

The books are in care of right arrow

ERIC ISSELBACHER Telephone no. right arrow

(617) 726-5610

Located at right arrow

MGHCHARLESTOWNMA ZIP+4 right arrow

02129

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
ERIC ISSELBACHER MD	TRUSTEE, CHAIRMAN 7.00	40,000
PO BOX 600071 NEWTONVILLE,MA02460	TRUSTEE, CHAIRMAN 7.00	40,000
PETER HERMANN	TRUSTEE 1.00	10,000
14 OLD ORCHARD RD CHESTNUT HILL,MA02467	TRUSTEE 1.00	10,000
HUGH BARRY	TRUSTEE 1.00	10,000
112 LAKIBRIDGE DRIVE KINGS PARK,NY11754	TRUSTEE 1.00	10,000
ANNE BECKER	TRUSTEE, TREASURER 7.00	40,000
19 HOWARD ST NEWTON,MA02458	TRUSTEE, TREASURER 7.00	40,000

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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
UBS INVESTMENTS	INVESTMENT ADVISORY	144,802
ONE POST OFFICE SQUARE 33RD FLOOR BOSTON,MA02109	INVESTMENT ADVISORY	144,802

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

43,216,291

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

829,831

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

3,421,853

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

47,467,975

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

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

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

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

47,467,975

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

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

712,020

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

46,755,955

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

2,337,798

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

2,337,798

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

31,876

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

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

31,876

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

2,305,922

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

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

2,305,922

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

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

2,305,922

Part XI

Qualifying Distributions (see instructions)

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

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

1,846,777

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

1,846,777

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					2,305,922
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......	3,842,754
c From 2020......	2,610,436
d From 2021......	2,289,862
e From 2022......	1,480,830
f Total of lines 3a through e ........		10,223,882
4Qualifying distributions for 2023 from Part
XI, line 4: $ 1,846,777
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					1,846,777
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		459,145			459,145
(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		9,764,737
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 ......		9,764,737
10 Analysis of line 9:
a Excess from 2019....	3,383,609
b Excess from 2020....	2,610,436
c Excess from 2021....	2,289,862
d Excess from 2022....	1,480,830
e Excess from 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 4942(j)(3) or4942(j)(5)

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

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

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
COOPER UNION - PRIOR YEAR GRANTS PAID IN CURRENT YEAR 30 COOPER SQUARE NEW YORK,NY10003	N/A	PUBLIC CHARITY	MEDICAL CANCER RESEARCH	536,551
MASS GENERAL HOSPITAL 13TH ST CHARLESTOWN,MA02129	N/A	PUBLIC CHARITY	MEDICAL CANCER RESEARCH	1,546,220
MARINE BIOLOGICAL LABORATORY 7 MBL STREET WOODS HOLE,MA02543	N/A	PUBLIC CHARITY	MEDICAL CANCER RESEARCH	162,495
UNITED HATZALA 442 FIFTH AVENUE SUITE 1866 NEW YORK,NY10018	N/A	PUBLIC CHARITY	EMERGENCY MEDICAL TRAINING AND TREATMENT	25,000
AMERICAN FRIENDS OF MAGEN DAVID ADOM 20 W 36TH STREET NEW YORK,NY10018	N/A	PUBLIC CHARITY	EMERGENCY MEDICAL TRAINING AND TREATMENT	25,000
Total ................................. 3a				2,295,266

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	1,226,563
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	210,829
8 Gain or (loss) from sales of assets other than inventory ............			18	1,065,378
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME FROM PASSTHROUGH ACTIVITIES	900001	54,527	14
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		54,527		2,502,770	0

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

2,557,297

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
10	MISCELLANEOUS & OTHER INCOME

Form 990-PF (2023)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
RAPHAEL AND RAPHAEL	24,100	18,075		6,025

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ACE INA HOLDINGS INC B/E CALL@MW+20BP RATE 03.350% MATURES 05/03/26 CALLABLE	71,339	67,978
AIR PROD & CHEMICAL INC CALL@MW+25BP RATE 02.050% MATURES 05/15/30 CALLABLE	101,638	87,506
AMER AIRLN INC 14-1 A FACTOR 0.625365714000 RATE 03.700% MATURES 10/01/26	15,926	14,742
AMERICAN AIRLS 2015-1 625798983000 RATE 03.375% MATURES 11/01/28	35,350	31,623
APPLE INC B/E CALL@MW+10BP RATE 01.650% MATURES 02/08/31 CALLABLE	64,285	54,885
APPLE INC B/E RATE 01.700% MATURES 08/05/31 CALLABLE	39,832	33,520
AUTOMATIC DATA PROCESSIN CALL@MW+10BP RATE 01.250% MATURES 09/01/30 CALLABLE	64,229	58,352
BALTIMORE GAS & ELEC B/E CALL@MW+15BP RATE 02.250% MATURES 06/15/31 CALLABLE	56,132	46,922
BANK OF AMER CORP 3.970% 030529 DTD030518 FC090518 CALL@MW+20BP	128,543	119,433
CATERPILLAR INC B/E 5BP RATE 02.600% MATURES 09/19/29 CALLABLE	45,223	41,465
CHARTER COMM OPT LLC/CAP CALL@MW+25BP RATE 02.300% MATURES 02/01/32 CALLABLE	24,947	19,928
CHARTER COMM OPT LLC/CAP RATE 02.800% MATURES 04/01/31 CALL@MW+35BP	99,013	84,489
CITIGROUP INC B/E CALL@MW+15BP RATE 02.561% MATURES 05/01/32 CALLABLE	75,000	62,677
CONSOLIDATED EDISON CO O CALL@MW+15BP RATE 04.000% MATURES 12/01/28 CALLABLE	104,707	97,716
COSTCO WHSL CORP B/E 0BP RATE 01.750% MATURES 04/20/32 CALLABLE	83,783	75,334
DISCOVERY COMM INC NTS CALL@MW+30BP RATE 03.950% MATURES 03/20/28 CALLABLE	89,146	85,655
ENTERGY LA LLC B/E 3.250% 040128 DTD032416 FC100116 CALL@MW+25BP	87,107	79,982
EXXON MOBIL CORP B/E 0BP RATE 02.610% MATURES 10/15/30 CALLABLE	79,157	67,058
FORD MOTOR CREDIT CO LLC B/E RATE 03.664% MATURES 09/08/24	24,959	24,600
HORMEL FOODS CORP B/E CALL@MW+15BP RATE 01.800% MATURES 06/11/30 CALLABLE	99,674	85,176
JPMORGAN CHASE & CO B/E CALL@MW+15BP RATE 02.580% MATURES 04/22/32 CALLABLE	65,080	55,083
MORGAN STANLEY B/E CALL@MW+15BP RATE 01.794% MATURES 02/13/32 CALLABLE	33,502	27,993
MORGAN STANLEY B/E RATE 02.239% MATURES 07/21/32 CALLABLE	65,000	53,071
ORACLE CORP NTS B/E 3.250% 111527 DTD110917 FC051518 CALL@MW+15BP	60,274	57,019
PIONEER NAT RESOURCE NTS B/E RATE 02.150% MATURES 01/15/31 CALLABLE	79,590	68,073
PNC BANK NA B/E RATE 04.050% MATURES 07/26/28	19,951	19,287
PNC FINL SERV GRP INC WT EXP B/E RATE 03.450% MATURES 04/23/29 CALLABLE	52,307	47,352
PROGRESSIVE CORP B/E CALL@MW+15BP RATE 02.450% MATURES 01/15/27	99,818	93,852
QVC INC B/E CALL@MW+30BP RATE 04.450% MATURES 02/15/25	94,658	89,166
RETURN OF PRINCIPAL	0	1,583
SALESFORCE.COM INC NTS CALL@MW+15BP RATE 03.700% MATURES 04/11/28 CALLABLE	103,227	98,043
SIMON PPTY GROUP LP NTS CALL@MW+20BP RATE 03.375% MATURES 12/01/27 CALLABLE	32,725	33,388
STATE STREET CORP B/E RATE 02.200% MATURES 03/03/31	39,638	33,340
TOLL BROS FIN CORP B/E CALL@MW+50BP RATE 04.875% MATURES 03/15/27 CALLABLE	99,481	99,562
UNION PAC CORP NTS B/E CALL@MW+15BP RATE 02.800% MATURES 02/14/32 CALLABLE	99,593	88,886
UNITED AIR 2014-2 A PTT SER 2014-2 CL A RATE 03.7500% MATURES 03/03/28FACTOR	16,715	15,819
UNITED AIRLS PASS THRU TR 2016SER 2016-1 CL A RATE 03.4500% MATURES 01/07/30	42,279	36,579
US BANCORP B/E 3.000% 073029 DTD072919 FC013020	53,675	45,228
VIRGINIA ELEC & PWR CO NTS B/E RATE 02.400% MATURES 03/30/32 CALLABLE	93,547	80,152
T-MOBILE INC NTS B/E	9,877	10,097
ABBVIE INC NTS B/E	23,201	24,335
BANK OF AMER CORP B/E 0BP RATE 02.884% MATURES 10/22/30 CALLABLE	28,229	28,727
DOMINION ENERGY INC B/E	47,934	48,863
ORACLE CORP NTS B/E	29,050	29,809
NEXTERA ENERGY CPTL	28,675	29,957
MORGAN STANLEY B/E	46,074	46,897
JPMORGAN CHASE & CO B/E CALL@MW+25BP RATE 04.203% MATURES 07/23/29 CALLABLE	28,564	28,719
WELLS FARGO & CO B/E RATE 03.584% MATURES 05/22/28 CALLABLE	45,654	46,425
FNMA PL FM 9993	313,878	311,249
FNMA PL FS3815	27,256	27,307
FHLMC PL SD 1931	7,251	7,500
FNMA PL FS3575	28,262	30,034
FNMA PL CB4675	49,578	49,644
FNMA PL FS3043	312,495	308,994
FNMA PL CB5122	7,050	7,227
JH MANAGED ACCOUNT SHARES INVESTMENT GRADE	414,229	424,293
JH MANAGED ACCOUNT SHARES SECURITIZED DEBT	226,727	228,219
JH MANAGED ACNT SHARES NON-INV GRADE CORP	205,154	211,455

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

Name of Stock	End of Year Book Value	End of Year Fair Market Value
UBS SELECT PRIME	765,446	765,449
ABBOTT LABS	3,351	9,026
ABBVIE INC COM	28,298	40,912
AIR PROD & CHEMICAL INC	23,157	32,856
AMERICAN TOWER CORP REIT	6,168	6,336
AUTOMATIC DATA PROCESSNG INC	14,960	20,734
BROADCOM INC	21,503	58,045
CHEVRON CORP	29,588	32,368
CISCO SYSTEMS INC	11,091	17,480
CME GROUP INC	4,810	4,844
CORNING INC	14,164	11,906
DELL TECHNOLOGIES INC	5,224	5,508
EATON CORP PLC	17,967	31,066
EVERSOURCE ENERGY COM	9,185	6,913
EXXON MOBIL CORP	10,117	8,898
FASTENAL CO	5,990	6,930
HOME DEPOT INC	9,868	27,031
ILLINOIS TOOL WORKS INC	8,760	16,764
JOHNSTON CTLS INTL PLC	5,161	4,323
KEURIG DR PEPPER INC	21,289	19,526
KINDER MORGAN INC	8,282	8,220
LILLY ELI & CO	8,219	42,553
LOCKHEED MARTIN CORP	15,255	22,662
MARSH & MCLENNAN COS INC	11,788	27,473
MCDONALDS CORP	21,469	33,506
MERCK & CO INC COM	29,932	41,973
MICROSOFT CORP	3,407	21,058
MONDELEZ INTL INC	33,688	40,923
NEXTERA ENERGY INC COM	13,937	25,146
NXP SEMICONDUCTORS NV COM	10,130	11,025
PAYCHEX INC	6,678	14,174
PEPSICO INC	27,635	36,855
PHILLIPS 66	16,006	19,838
PNC FINANCIAL SERVICES GROUP	31,767	29,267
PROCTER & GAMBLE CO	32,739	34,437
PROLOGIS INC COM	19,509	23,594
QUALCOMM INC	11,584	12,872
REALTY INCOME CORP MD SBI	26,855	23,083
REGIONS FINANCIAL CORP	4,929	4,806
RTX CORP	10,246	8,835
SEMPRA	21,160	25,931
STARBUCKS CORP	23,486	27,075
TEXAS INSTRUMENTS	12,678	25,569
TRAVELERS COS INC	21,395	22,478
UNITED PARCEL SERVICE INC CL B	22,418	16,981
US BANCORP DEL (NEW)	29,071	28,781
WEC ENERGY GROUP INC COM	7,476	11,026
WILLIAMS COS INC (DEL)	20,541	21,804
ALKEON GROWTH OFFSHORE FD II LTD SUB CLASS 6 ADV A/O 11/30/22	1,000,000	649,630
BLACKSTONE PRIVATE CREDIT FUND ADV CLASS I A/O 11/30/22	1,000,000	976,393
NB CROSSROADS PRIVATE MARKETS FUND VII LP ADV IN ESCROW	225,000	240,039
ICAPITAL HOLDINGS	102,500	100,037
ALLEGION PLC	64,577	77,788
ANSYS INC	54,729	107,050
ASPEN TECHNOLOGY INC	68,473	88,500
BENTLEY SYSTEMS INC CL B	86,813	129,146
BERKLEY W R CORP	45,436	92,431
BRIGHT HORIZONS FAMILY SOLUTIONS INC	80,151	63,329
CHARLES RIVER LABORATORIES	55,873	96,924
CHEMED CORP NEW	58,021	75,433
CHOICE HOTELS INTL	62,059	56,990
COOPER COMPANIES INC NEW	80,137	117,316
DOLBY LABORATORIES INC CL A	73,610	83,853
EQUIFAX INC	61,605	98,421
EXPONENT INC	71,077	74,218
FAIR ISAAC CORP	20,940	71,005
HENRY JACK & ASSOC INC	72,531	85,954
INTERACTIVE BROKERS GROUP INC CL A	42,746	66,569
LENNOX INTL INC	45,932	115,908
LPL FINL HLDGS INC COM	56,607	96,056
NORDSON CORP	45,080	110,947
POOL CORP	55,991	127,986
ROLLINS INC	55,000	86,074
SAIA INC	47,722	76,689
SCOTTS MIRACLE-GRO CO CL A	82,774	51,893
SITEONE LANDSCAPE SUPPLY INC	38,144	78,488
TELEDYNE TECHNOLOGIES INC	79,003	78,101
TERADYNE INC	43,283	93,761
THOR INDUSTRIES INC	62,238	103,469
WATSCO INC	67,939	102,404
ZEBRA TECHNOLOGIES CORP CL A	65,456	82,546
ZEBRA TECHNOLOGIES CORP CL A	75,878	79,348
UBS GOVERNEMTN MONEY	510,000	510,000
ALPS CLEAN ENERGY ETF	488,653	269,968
ALPS/CORECOMMODITY MANGM COMPLETE COMMODITIESSM STRATEGY FUND CLASS I	411,334	321,754
CONSUMER STAPLES SELECT SECTOR	253,505	252,105
INVESCO PFD ETF	241,161	183,520
INVESCO S&P 500 EQUAL WEIGHT ETF	1,000,638	1,096,710
ISHARES CORE MSCI EAFE ETF	1,349,609	1,540,665
ISHARES CORE MSCI EMERGING MARKETS ETF	361,311	382,891
ISHARES MSCI USA ESG SELECT SOCIAL INDEX ETF	483,955	864,386
ISHARES MSCI USA MIN VOL FACTOR ETF	751,096	1,218,829
ISHARES MSCI USA QUALITY FACTOR ETF	1,201,372	1,199,191
ISHARES TRUST ISHARES ESG AWARE MSCI EAFE ETF	1,183,671	1,416,375
ISHARES TRUST ISHARES ESG AWARE MSCI USA ETF	417,004	737,063
ISHARES US TREASURY BOND ETF	2,659,239	2,649,600
ISHARES FALLEN ANGLES ETF	1,593,659	1,584,000
SCHWAB US LARGE-CAP GROWTH ETF	964,072	2,514,103
SCHWAB US LARGE-CAP VALUE ETF	2,270,326	2,965,300
SPDR DOW JONES REIT ETF	1,263,433	1,313,605
SPDR GOLD SHARES ETF	793,781	1,041,877
SPDR ICE PFD SECURITIES ETF	235,539	179,097
SPDR MSCI ACWI EX-US ETF	1,180,462	1,332,639
SPDR PORTFOLIO SHORT TERM TREAS ETF	2,146,057	2,119,023
SPDR S&P 400 MID CAP VALUE ETFNAME CHANGE EFF 04/2009	545,287	839,027
SPDR S&P400 M/C GROWTH ETF	534,769	840,315
VANGUARD SHORT-TERM CORPORATE BOND ETF	2,583,100	2,556,305
ABBOTT LABS	21,310	19,042
ACCENTURE PLC IRELAND CL A	26,882	34,389
ADVANCED MICRO DEVICES INC	19,636	29,629
ALPHABET INC CL A	87,337	89,402
AMAZON.COM INC	114,945	103,471
AMERICAN TOWER CORP REIT	31,215	27,633
AMERIPRISE FINANCIAL INC	15,916	20,131
APPLE INC	71,032	92,607
APPLIED MATERIALS INC	18,144	26,255
ASML HLDG NV SPON	11,758	14,381
BOSTON SCIENTIFIC CORP	13,469	19,598
BROADCOM INC	14,877	20,093
CHIPOTLE MEXICAN GRILL	19,168	22,870
COCA COLA CO COM	28,019	26,636
COSTCO WHOLESALE CORP	21,978	29,044
DANAHER CORP	12,096	11,567
HONEYWELL INTL INC	12,843	14,051
INTUIT	22,869	33,127
INTUITIVE SURGICAL INC	14,008	19,567
LILLY ELI & CO	29,408	46,634
MASTERCARD INC CL A	26,509	29,856
META PLATFORMS INC CL A	54,396	64,421
MICROSOFT CORP	143,384	177,491
NIKE INC CL B	28,402	23,125
O REILLY AUTOMOTIVE INC	13,867	19,952
PALO ALTO NETWORKS INC	10,283	20,052
PARKER HANNIFIN CORP	11,643	17,507
ROCKWELL AUTOMATION INC NEW	12,613	12,419
S&P GLOBAL INC	15,375	19,383
SALESFORCE, INC.	27,841	36,576
SCHLUMBERGER LTD NETHERLANDS ANTILLES	10,797	15,768
SHERWIN WILLIAMS CO	21,668	26,200
THERMO FISHER SCIENTIFIC INC	20,387	19,639
TJX COS INC NEW	21,069	29,925
UNION PACIFIC CORP	23,690	25,053
UNITEDHEALTH GROUP INC	36,413	38,959
VISA INC CL A	41,108	46,863
ADOBE INC. (DELAWARE)	34,033	36,989
ALCON INC CHF	21,073	21,405
AMERIPRISE FINANCIAL INC	22,325	30,766
AMGEN INC	24,974	30,818
ANSYS INC	28,454	33,022
ATMOS ENERGY CORP	22,119	24,339
AUTODESK INC	22,037	28,487
BLACKSTONE INC CL A	22,360	27,493
CAPITAL ONE FINCL CORP	33,261	27,404
COCA COLA CO COM	22,601	23,690
COMMERCE BANCSHARES	14,355	12,498
CONSTELLATION BRANDS INC CL A	17,617	19,340
CORTEVA INC	26,886	28,560
COTERRA ENERGY INC	15,376	23,580
CROWN CASTLE INC REIT	28,517	18,776
CULLEN FROST BANKERS INC	18,535	17,467
DANAHER CORP	29,334	25,447
ECOLAB INC	24,664	24,000
EQUITY LIFESTYLE PROPERTIES INC REIT	18,913	18,975
GENL DYNAMICS CORP	18,700	24,409
HONEYWELL INTL INC	24,906	24,326
LENNAR CORP CL A	26,016	36,962
LOWES COMPANIES INC	19,311	20,697
MARTIN MARIETTA MATERIALS INC	27,377	35,922
MEDTRONIC PLC	25,898	16,476
MERCK & CO INC COM	25,036	27,255
MICHELIN COMPAGNIE GENERALE ADR	22,436	20,133
MICROCHIP TECHNOLOGY INC	25,422	31,473
MICROSOFT CORP	35,458	45,501
MITSUBISHI UFJ FINANCIAL GROUPINC SPON ADR	8,749	14,465
OSHKOSH CORP	14,795	15,503
PARKER HANNIFIN CORP	25,169	39,160
PNC FINANCIAL SERVICES GROUP	24,450	20,285
PROCTER & GAMBLE CO	22,721	23,300
QUALCOMM INC	24,289	25,166
RPM INTL INC (DELA)	19,542	26,121
SONY GROUP CORP SPONSORED ADR	26,139	24,430
SYSCO CORP	22,148	19,160
TELEDYNE TECHNOLOGIES INC	21,696	22,761
US BANCORP DEL (NEW)	17,521	24,237
VERALTO CORP	3,797	2,961
XCEL ENERGY INC	24,465	22,040
XYLEM INC	27,791	25,502

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

US Government Securities - End of Year Book Value:

434,342

US Government Securities - End of Year Fair Market Value:

433,863

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

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
TAILWATER ENERGY FUND II LP	AT COST	0	223,100
CENTERBRIDGE CREDIT PARTNERS OFFSHORE, LTD	AT COST	7,717	12,673
ATALAYA SPECIAL OPP FUND VI LP	AT COST	48,362	27,093
ENERVEST XIV FUND	AT COST	353,299	200,905
THOMPSON STREET CAP PTNERS IV	AT COST	121,284	364,820
STERLING GRP PARTNERS IV (PARALLEL) LP	AT COST	299,123	621,315
AMERICAN SECURITIES PARTNERS VII	AT COST	165,881	500,673
AG CS HOLDINGS	AT COST	1,759,241	1,454,679

- TIN:

TY 2023 LegalFeesSchedule

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MORGAN LEWIS & BOCKIUS LLP	9,326	4,663		4,663
THOMAS PECKHAM	4,745	2,372		2,373

- TIN:

TY 2023 OtherAssetsSchedule

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INTEREST RECEIVABLE	27,905	29,726	29,726
INVESTMENTS RECEIVABLE	6,568	4,233	4,233
TAXES RECEIVABLE	118,947	118,947	118,947

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	141,427	141,427		0
PORTFOLIO EXPENSES	16,845	16,845		0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME FROM PASSTHROUGH ACTIVITIES	111,726	111,726	111,726
OTHER INCOME	99,103	99,103	99,103
OTHER INCOME FROM PASSTHROUGH ACTIVITIES	54,527		54,527

- TIN:

TY 2023 TaxesSchedule

Name:

THE RICBAC FOUNDATION

EIN:

04-2660137

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	85,000	0		0
FOREIGN TAXES	2,152	0		0