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
Reynolds Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

38-3739715
B Telephone number (see instructions)

(800) 839-1754
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$69,222,415J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 86,733 86,733  
4 Dividends and interest from securities... 1,012,306 1,012,306  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 535,629
b Gross sales price for all assets on line 6a 3,648,653
7 Capital gain net income (from Part IV, line 2)... 535,629
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
527,654 246,213  
12 Total. Add lines 1 through 11........ 2,162,322 1,880,881  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
67,899 67,899    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
87,100      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
242,962 133,418   108,050
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 397,961 201,317   108,050
25 Contributions, gifts, grants paid....... 3,211,500 3,211,500
26 Total expenses and disbursements. Add lines 24 and 25 3,609,461 201,317   3,319,550
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,447,139
b Net investment income (if negative, enter -0-) 1,679,564
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,250,740 683,177 683,177
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,395,323 Click to see attachment
List of Attached Documents:
// Content
3,161,871 		2,951,620
b Investments—corporate stock (attach schedule)....... 29,176,864 Click to see attachment
List of Attached Documents:
// Content
29,754,250 		55,097,511
c Investments—corporate bonds (attach schedule)....... 3,117,981 Click to see attachment
List of Attached Documents:
// Content
2,551,705 		2,294,397
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).......... 4,664,507 Click to see attachment
List of Attached Documents:
// Content
5,007,443 		8,195,710
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,605,415 41,158,446 69,222,415
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 42,605,415 41,158,446
29 Total net assets or fund balances (see instructions)..... 42,605,415 41,158,446
30 Total liabilities and net assets/fund balances (see instructions). 42,605,415 41,158,446
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
42,605,415
2
Enter amount from Part I, line 27a .....................
2
-1,447,139
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
170
4
Add lines 1, 2, and 3 ..........................
4
41,158,446
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
41,158,446
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c ELSTON LAND FUND LLC P 2021-08-10 2023-05-12
d DISTRIBUTIONS IN EXCESS OF BASIS      
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 3,459,653   3,028,609 431,044
b       75,578
c 189,000   188,999 1
d       29,006
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       431,044
b        
c       1
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 2 535,629
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 23,346
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 23,346
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 23,346
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 22,455
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,500
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,955
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 609
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow609 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowFL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Alison L Baird Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Timothy D Friedman Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Donald F Mintmire Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Patricia R Mintmire Managing Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
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
Foundation Source Administrative 108,050
55 Walls Drive 3rd Fl
Fairfield,CT06824
CIBC Private Wealth Advisors Investment Mgmt 67,899
181 W Madison 36th FL
CHICAGO,IL60602
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)
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
57,245,942
b
Average of monthly cash balances.......................
1b
2,017,848
c
Fair market value of all other assets (see instructions)................
1c
7,210,425
d
Total (add lines 1a, b, and c).........................
1d
66,474,215
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
66,474,215
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
997,113
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
65,477,102
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,273,855
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
3,273,855
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
23,346
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
27,010
c
Add lines 2a and 2b............................
2c
50,356
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,223,499
4
Recoveries of amounts treated as qualifying distributions................
4
170
5
Add lines 3 and 4............................
5
3,223,669
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,223,669
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,319,550
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,319,550
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 3,223,669
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,273,915
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,319,550
a Applied to 2022, but not more than line 2a 3,273,915
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 45,635
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		3,178,034
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 0
Form 990-PF (2023)
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).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AIDS FOUNDATION OF CHICAGO

200 W MONROE ST STE 1150
CHICAGO,IL60606 		N/A PC General & Unrestricted 40,000

ALEXANDRIA HOUSE

426 S ALEXANDRIA AVE
LOS ANGELES,CA90020 		N/A PC General & Unrestricted 1,000

ALEXS LEMONADE STAND FOUNDATION

333 E LANCASTER AVE 414
WYNNEWOOD,PA19096 		N/A PC General & Unrestricted 20,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC

125 BROAD ST 18TH FLOOR
NEW YORK,NY10004 		N/A PC General & Unrestricted 1,000

AMERICAN CIVIL LIBERTIES UNION FOUNDATION OF FLORI

4343 W FLAGLER ST STE 400
CORAL GABLES,FL33134 		N/A PC General & Unrestricted 100,000

AMERICAN INDEPENDENT FOUNDATION

800 MAINE AVE SW
WASHINGTON,DC20024 		N/A PC General & Unrestricted 75,000

AMERICANS UNITED FOR SEPARATION OF CHURCH AND STAT

1310 L ST NW STE 200
WASHINGTON,DC20005 		N/A PC General & Unrestricted 1,000

ANTHONY RIZZO FAMILY FOUNDATION

7670 NW 62ND WAY
PARKLAND,FL33067 		N/A PC General & Unrestricted 5,000

ANTI DEFAMATION LEAGUE FOUNDATION

605 THIRD AVE
NEW YORK,NY10158 		N/A PC Educational Program 5,000

AQUARIUM OF THE PACIFIC

100 AQUARIUM WAY
LONG BEACH,CA90802 		N/A PC General & Unrestricted 2,000

BIG BROTHERS BIG SISTERS OF GREATER LOS ANGELES IN

3333 WILSHIRE BLVD STE 103
LOS ANGELES,CA90010 		N/A PC General & Unrestricted 5,000

CALIFORNIA COMMUNITY FOUNDATION

717 W TEMPLE ST
LOS ANGELES,CA90012 		N/A PC Home L.A. Fund 40,000

CALIFORNIA SCIENCE CENTER FOUNDATION

700 EXPOSITION PARK DR
LOS ANGELES,CA90037 		N/A PC General & Unrestricted 2,000

CAPITAL REGION COMMUNITY FOUNDATION

330 MARSHALL ST STE 300
LANSING,MI48912 		N/A PC The Camp Grayling Officers Club fund 1,000

CENTER FOR CHILD COUNSELING INC

8895 N MILITARY TRAIL STE 300C
PALM BEACH GARDENS,FL33410 		N/A PC General & Unrestricted 100,000

CENTER FOR CHILD COUNSELING INC

8895 N MILITARY TRAIL STE 300C
PALM BEACH GARDENS,FL33410 		N/A PC For the support of the endowment in perpetuity FOR CHILD COUNSELING 100,000

CENTER FOR THE STUDY OF YOUNG PEOPLE IN GROUPS - T

PO BOX 48750
LOS ANGELES,CA90048 		N/A PC General & Unrestricted 5,000

CENTER ON HALSTED

3656 N HALSTED
CHICAGO,IL60613 		N/A PC General & Unrestricted 1,000

CENTRAL INSTITUTE FOR THE DEAF

825 S TAYLOR AVE
SAINT LOUIS,MO63110 		N/A PC General & Unrestricted 25,000

CHICAGO DANCERS UNITED

200 WEST MONROE ST STE 1150
CHICAGO,IL60606 		N/A PC General & Unrestricted 20,000

CHICAGO HORTICULTURAL SOCIETY

1000 LAKE COOK RD
GLENCOE,IL60022 		N/A PC General & Unrestricted 9,500

CHICAGO PUBLIC EDUCATION FUND

200 W ADAMS ST STE 1175
CHICAGO,IL60606 		N/A PC General & Unrestricted 10,000

CHICAGO SURVIVORS INC

1010 W 35TH ST 510
CHICAGO,IL60609 		N/A PC General & Unrestricted 1,000

CHILDRENS DEFENSE FUND

840 1ST ST NE STE 300
WASHINGTON,DC20002 		N/A PC General & Unrestricted 5,000

CHILDRENS MEMORIAL HOSPITAL

225 EAST CHICAGO AVE BOX 4
CHICAGO,IL60611 		N/A PC General & Unrestricted 1,000

COMMUNITY PARTNERS

PO BOX 741265
LOS ANGELES,CA90074 		N/A PC The Civics Center fund 2,000

DANIEL MURPHY SCHOLARSHIP FUND

309 WEST WASHINGTON STE 1250
CHICAGO,IL60606 		N/A PC General & Unrestricted 500

ENGAGING SCHOOLS INC

23 GARDEN ST
CAMBRIDGE,MA02138 		N/A PC General & Unrestricted 60,000

EVANS SCHOLARS FOUNDATION

2501 PATRIOT BLVD
GLENVIEW,IL60026 		N/A PC General & Unrestricted 2,500

FACING HISTORY AND OURSELVES CHICAGO

2 NORTH LASALLE ST SUITE 2300
CHICAGO,IL60602 		N/A PC General & Unrestricted 500

FAMILY FOCUS

5467 S UNIVERSITY AVE
CHICAGO,IL60615 		N/A PC General & Unrestricted 1,000

FLORIDAS CHILDREN FIRST INC

333 CAMINO GARDENS BLVD
BOCA RATON,FL33432 		N/A PC General & Unrestricted 5,000

FOUNDCARE INC

2330 S CONGRESS AVE
WEST PALM BCH,FL33406 		N/A PC General & Unrestricted 3,000

FOUNDCARE INC

2330 S CONGRESS AVE
WEST PALM BCH,FL33406 		N/A PC Comprehensive AIDS Program (CAP) 50,000

FRANCIS W PARKER SCHOOL

330 W WEBSTER AVE
CHICAGO,IL60614 		N/A PC Parker Party fund 10,000

FRANCIS W PARKER SCHOOL

330 W WEBSTER AVE
CHICAGO,IL60614 		N/A PC General & Unrestricted 115,000

FRANKLIN EDUCATION FORUM

PO BOX 44099
WASHINGTON,DC20026 		N/A PC General & Unrestricted 25,000

FRIENDS OF RECREATION INC

PO BOX 977
PALM BEACH,FL33480 		N/A PC General & Unrestricted 2,500

FRIENDS OF THE MOUNTS BOTANICAL GARDEN INC

559 N MILITARY TRL
WEST PALM BCH,FL33415 		N/A PC General & Unrestricted 1,000

FRIENDS OF WLRN INC

172 NE 15TH ST
MIAMI,FL33132 		N/A PC 101.9 operations in Palm Beach County fund 5,000

FULCRUM POINT NEW MUSIC PROJECT

1235A N CLYBOURN BLVD 135
CHICAGO,IL60610 		N/A PC General & Unrestricted 2,500

GUS GIORDANOS JAZZ DANCE CHICAGO INC

1754 N CLARK ST
CHICAGO,IL60614 		N/A PC General & Unrestricted 30,000

HIGH JUMP

820 W JACKSON BLVD STE 310
CHICAGO,IL60607 		N/A PC General & Unrestricted 135,000

HOMEBOY INDUSTRIES

130 BRUNO ST
LOS ANGELES,CA90012 		N/A PC General & Unrestricted 20,000

INTERNATIONAL BEETHOVEN PROJECT

PO BOX 14149
CHICAGO,IL60614 		N/A PC General & Unrestricted 5,000

ISRAEL CANCER ASSOCIATION USA

PO BOX 804
PALM BEACH,FL33480 		N/A PC General & Unrestricted 5,000

J STREET EDUCATION FUND INC

PO BOX 66073
WASHINGTON,DC20035 		N/A PC General & Unrestricted 10,000

JACK THE BIKE MAN INC

PO BOX 17565
WEST PALM BEACH,FL33416 		N/A PC General & Unrestricted 5,000

JEWISH FEDERATION OF PALM BEACH COUNTY INC

1 HARVARD CIR SUITE 100
WEST PALM BEACH,FL33409 		N/A PC Charitable Event 6,000

KCRW FOUNDATION INC

1900 PICO BLVD
SANTA MONICA,CA90405 		N/A PC General & Unrestricted 3,000

LAKE SHORE COUNTRY CLUB EDUCATION FUND

500 W MADISON ST STE 3700
CHICAGO,IL60661 		N/A PC General & Unrestricted 20,000

LAMBDA LEGAL DEFENSE AND EDUCATION FUND INC

65 E WACKER PL STE 2000
CHICAGO,IL60601 		N/A PC General & Unrestricted 15,000

LARCHMONT SCHOOLS

1265 NORTH FAIRFAX AVE
WEST HOLLYWOOD,CA90046 		N/A PC General & Unrestricted 100,000

LEGAL SERVICES CORPORATION

3333 K ST NW
WASHINGTON,DC20007 		N/A PC General & Unrestricted 100,000

LIVE LIKE KATIE FOUNDATION

390 AMY CT
GLEN ELLYN,IL60137 		N/A PC General & Unrestricted 25,000

LOGGERHEAD MARINELIFE CENTER INC

14200 US HWY 1
JUNO BEACH,FL33408 		N/A PC General & Unrestricted 2,500

LORDS PLACE INC

2808 N AUSTRALIAN AVE
WEST PALM BEACH,FL33407 		N/A PC General & Unrestricted 150,000

LOS ANGELES YOUTH NETWORK LA YOUTH

1857 TAFT AVE
LOS ANGELES,CA90028 		N/A PC General & Unrestricted 5,000

LYNN SAGE BREAST CANCER FOUNDATION

1500 N HALSTED ST STE 200
CHICAGO,IL60642 		N/A PC General & Unrestricted 500

MEDIA MATTERS FOR AMERICA

800 MAINE AVE SW STE 500
WASHINGTON,DC20024 		N/A PC General & Unrestricted 70,000

MORGAN PRESSEL FOUNDATION INC

7933 YORKSHIRE CT
BOCA RATON,FL33496 		N/A PC General & Unrestricted 1,000

MUSEUM OF SCIENCE AND INDUSTRY

5700 S LAKE SHORE DR
CHICAGO,IL60637 		N/A PC General & Unrestricted 1,000

NAMI PALM BEACH COUNTY INC

5205 GREENWOOD AVE STE 110
WEST PALM BCH,FL33407 		N/A PC General & Unrestricted 10,000

NATIONAL GIVING ALLIANCE

137 N LARCHMONT BLVD 155
LOS ANGELES,CA90004 		N/A PC General & Unrestricted 5,000

NATIONAL ITALIAN AMERICAN FOUNDATION INC

1860 19TH ST NW
WASHINGTON,DC20009 		N/A PC General & Unrestricted 1,000

NATIONAL PARKS CONSERVATION ASSOCIATION

777 6TH ST NW STE 700
WASHINGTON,DC20001 		N/A PC General & Unrestricted 1,000

NAVY SEAL FOUNDATION INC

1619 D ST
VIRGINIA BEACH,VA23459 		N/A PC Charitable Event 5,000

NEW ROADS SCHOOL

3131 OLYMPIC BLVD
SANTA MONICA,CA90404 		N/A PC General & Unrestricted 10,000

NORTHWESTERN UNIVERSITY

1201 DAVIS ST 3RD FLOOR
EVANSTON,IL60208 		N/A PC General & Unrestricted 100,000

P S ARTS

2947 S SEPULVEDA BLVD
LOS ANGELES,CA90064 		N/A PC General & Unrestricted 20,000

PALM BEACH CIVIC ASSOCIATION INC

139 N COUNTY ROAD STE 33
PALM BEACH,FL33480 		N/A PC General & Unrestricted 3,000

PALM BEACH COUNTY FOOD BANK INC

701 BOUTWELL RD
LAKE WORTH,FL33461 		N/A PC General & Unrestricted 100,000

PALM BEACH DRAMAWORKS INC

201 CLEMATIS ST
WEST PALM BEACH,FL33401 		N/A PC General & Unrestricted 52,000

PALM BEACH FELLOWSHIP OF CHRISTIANS

251 S COUNTY RD
PALM BEACH,FL33480 		N/A PC General & Unrestricted 5,000

PARK SCHOOL CORPORATION

171 GODDARD AVE
BROOKLINE,MA02445 		N/A PC General & Unrestricted 1,000

PLANNED PARENTHOOD FEDERATION OF AMERICA INC

123 WILLIAMS ST 10TH FL
NEW YORK,NY10038 		N/A PC General & Unrestricted 100,000

PLANNED PARENTHOOD OF ILLINOIS

17 N STATE ST
CHICAGO,IL60602 		N/A PC Charitable Event 5,000

PLANNED PARENTHOOD OF ILLINOIS

17 N STATE ST
CHICAGO,IL60602 		N/A PC Charitable Event 50,000

PLANNED PARENTHOOD OF SOUTH FLORIDA AND THE TREASU

2300 N FLORIDA MANGO RD
WEST PALM BCH,FL33409 		N/A PC General & Unrestricted 550,000

PLANNED PARENTHOOD OF SOUTH FLORIDA AND THE TREASU

2300 N FLORIDA MANGO RD
WEST PALM BCH,FL33409 		N/A PC Cocktails for a Cause fund 500

PRESERVATION FOUNDATION OF PALM BEACH INC

311 PERUVIAN AVE
PALM BEACH,FL33480 		N/A PC General & Unrestricted 1,000

RAVINIA FESTIVAL ASSOCIATION

418 SHERIDAN RD
HIGHLAND PARK,IL60035 		N/A PC General & Unrestricted 2,500

RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS IN

701 OKEECHOBEE BLVD
WEST PALM BCH,FL33401 		N/A PC General & Unrestricted 15,000

REHABILITATION CENTER FOR CHILDREN AND ADULTS

300 ROYAL PALM WAY
PALM BEACH,FL33480 		N/A PC General & Unrestricted 30,000

RELIGIOUS COALITION FOR REPRODUCTIVE CHOICE EDUCAT

1413 K ST NW 14TH FL
WASHINGTON,DC20005 		N/A PC General & Unrestricted 5,000

RESTORATION DESTINATION INC

120 PELICAN LAKE DR
PAHOKEE,FL33476 		N/A PC General & Unrestricted 1,000

SHEDD AQUARIUM SOCIETY

29017 NETWORK PL
CHICAGO,IL60673 		N/A PC Shedd Academy fund 5,000

SIMMONS UNIVERSITY

300 THE FENWAY
BOSTON,MA02115 		N/A PC Simmons School of Social Work Scholarship program for Master Degree candidates 25,000

SOCIETY OF THE FOUR ARTS

2 FOUR ARTS PLZ
PALM BEACH,FL33480 		N/A PC General & Unrestricted 5,000

SOUTHERN CALIFORNIA COUNSELING CENTER

5615 W PICO BLVD
LOS ANGELES,CA90019 		N/A PC General & Unrestricted 2,000

SOUTHERN POVERTY LAW CENTER INC

400 WASHINGTON AVE
MONTGOMERY,AL36104 		N/A PC General & Unrestricted 100,000

TEACH FOR AMERICA INC

300 WEST ADAMS ST SUITE 1000
CHICAGO,IL60606 		N/A PC General & Unrestricted 15,000

THE DIAN FOSSEY GORILLA FUND INTERNATIONAL

800 CHEROKEE AVE SE
ATLANTA,GA30315 		N/A PC General & Unrestricted 10,000

THE EDIBLE SCHOOLYARD PROJECT

1517 SHATTUCK AVE
BERKELEY,CA94709 		N/A PC General & Unrestricted 5,000

THE RYAN LICHT SANG BIPOLAR FOUNDATION INC

875 N MICHIGAN AVE STE 3100
CHICAGO,IL60611 		N/A PC General & Unrestricted 1,500

TIDES FOUNDATION

PO BOX 889389
LOS ANGELES,CA90088 		N/A PC General & Unrestricted 150,000

TOWN OF PALM BEACH

360 S COUNTY ROAD
PALM BEACH,FL33480 		N/A GOV Palm Beach Fire Rescue Department fund 5,000

TOWN OF PALM BEACH UNITED WAY INC

44 COCOANUT ROW STE 201
PALM BEACH,FL33480 		N/A PC for Planned Parenthood of South Florida and the Treasure Coast fund 25,000

TRINITY COLLEGE

300 SUMMIT ST
HARTFORD,CT06106 		N/A PC General & Unrestricted 1,000

UNITED STATES FUND FOR UNICEF

1447 PEACHTREE ST NE STE 310
ATLANTA,GA30309 		N/A PC K.I.N.D./Last Word Desk Program and UNICEF projects 150,000

UNITED STATES HOLOCAUST MEMORIAL MUSEUM

100 RAOUL WALLENBERG PL SW
WASHINGTON,DC20024 		N/A PC General & Unrestricted 50,000

UNIVERSITY OF CHICAGO

5801 S ELLIS AVE EDWARD H LEVI HALL
CHICAGO,IL60637 		N/A PC Charitable Event 500

UNIVERSITY OF CHICAGO

5235 S HARPER COURT
CHICAGO,IL60615 		N/A PC General & Unrestricted 1,000

UNIVERSITY OF CHICAGO

5801 S ELLIS AVE EDWARD H LEVI HALL
CHICAGO,IL60637 		N/A PC Charitable Event 500

UNIVERSITY OF KENTUCKY

PO BOX 23552
LEXINGTON,KY40523 		N/A GOV College of Law Dean's Discretionary Fund 5,000

WEST BOCA PANTHERS TRAVEL BASEBALL INC

PO BOX 970893
BOCA RATON,FL33497 		N/A PC General & Unrestricted 1,500

WEST PALM BEACH LIBRARY FOUNDATION INC

411 CLEMATIS ST 3RD FLR
WEST PALM BEACH,FL33401 		N/A PC General & Unrestricted 500

WOLCOTT SCHOOL

524 N WOLCOTT AVE
CHICAGO,IL60622 		N/A PC General & Unrestricted 10,000
Total .................................right arrow 3a 3,211,500
bApproved for future payment
Total ................................. right arrow 3b  
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 86,733  
4 Dividends and interest from securities ....     14 1,012,306  
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 ............ 		    18 535,629  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 277,725 14 247,242  
bSTATE TAX REFUND     01 2,662  
cCLASS ACTION LAWSUIT PROCEEDS     01 25  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 277,725 1,884,597  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,162,322
(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


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Special Condition Description

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TY 2023 DepreciationSchedule
Name:
Reynolds Family Foundation
EIN:
38-3739715
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 GeneralExplanationAttachment
Name:
Reynolds Family Foundation
EIN:
38-3739715
Identifier Return Reference Explanation
Form 990-PF Form 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

TY 2023 InvestmentsCorpBondsSchedule
Name:
Reynolds Family Foundation
EIN:
38-3739715
Name of Bond End of Year Book Value End of Year Fair Market Value
AMERICAN EXPRESS CREDIT MTN BO 228,000 191,192
APPLE INC NOTE CALL - 3.350% - 316,068 292,365
CISCO SYSTEMS INC - 3.625% - 0 206,132 199,355
GOLDMAN SACHS GROUP INC NOTE - 224,730 195,465
JP MORGAN CHASE - 3.125% - 01/ 218,990 195,820
MICROSOFT CORP - 3.125% - 11/0 283,192 268,504
PFIZER INC NT - 3.400% - 05/15 263,147 248,202
PNC FIN SVCS - 2.550% - 01/22/ 200,774 175,172
PROCTER &GAMBLE CO - 3.000% - 328,963 281,111
WAL-MART STORES INC - 3.700% - 281,709 247,211

TY 2023 InvestmentsCorpStockSchedule
Name:
Reynolds Family Foundation
EIN:
38-3739715
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 289,750 350,243
ADOBE SYSTEMS, INC 95,921 357,363
ALPHABET INC CL A 337,219 731,976
ALPHABET INC CL C 178,305 794,281
AMAZON COM 445,412 1,364,421
AMERICAN TOWER REIT INC 178,523 223,436
ANALOG DEVICES INC 149,969 354,827
APPLE INC 128,500 915,480
ASTRAZENECA 404,725 484,987
AT MID CAP EQUITY FUND INSTITU 2,884,884 4,369,053
AUTOMATIC DATA PROCESSING INC 59,929 168,437
BLACKROCK INC 117,026 232,987
CHENIERE ENERGY INC 73,723 87,404
CHEVRON CORP 183,800 228,066
CISCO SYSTEMS INC 236,970 405,120
CME GROUP, INC 249,378 255,668
COLGATE-PALMOLIVE COMPANY 4,600,190 9,310,765
CONOCOPHILLIPS 252,502 295,630
COSTCO WHOLESALE CORPORATION 123,734 248,850
DANAHER CORP 205,980 453,658
EDWARDS LIFESCIENCES 193,805 217,541
FHLMC 8.375% PFD PERP 498,648 53,940
FIDELITY NATIONAL INFORMATION 168,219 153,539
FISERV INC 124,168 318,417
FNMA 8.25% PFD SER S 502,253 61,019
HOME DEPOT INC 290,677 555,173
HONEYWELL INTL 359,327 513,790
INTERCONTINENTAL EXCHANGE, INC 236,824 365,640
IQVIA HOLDINGS INC 299,033 304,496
ISHARE SP SMALL CAP 600 INDEX 987,308 2,922,750
ISHARES S&P 500 INDEX FD 2,010,174 6,209,190
ISHARES TR DJ SEL DIVIDEND INX 504,338 1,265,976
ISHARES TR S & P MIDCAP 400 IN 999,030 3,020,935
ISHARES TRUST RUSSELL 1000 GRO 112,684 557,226
JP MORGAN CHASE 94,413 335,097
LINDE PLC COM 155,334 419,335
MARTIN MARIETTA MATLS INC 225,613 319,801
MATTHEWS PACIFIC TIGER FUND I 1,888,083 1,327,122
MCDONALD'S CORP 227,535 241,063
MFS INSTITUTIONAL INVESTORS TR 1,168,683 1,404,443
MICROSOFT CORP 276,453 2,010,310
MONDELEZ INTERNATIONAL INC 191,849 248,362
NEXTERA ENERGY, INC 415,555 429,614
NVIDIA CORP 415,916 469,964
OTIS WORLDWIDE CORP 204,670 320,750
PEPSICO INC 230,981 339,680
PIONEER NAT RES CO 297,436 415,578
PNC FINANCIAL GROUP INC 212,975 230,107
PROLOGIS 172,527 216,346
QUALCOMM INC 123,502 290,851
RAYTHEON TECHNOLOGIES CORP 252,057 288,937
ROPER INDUSTRIES 280,037 430,139
S&P GLOBAL INC COM 367,554 475,321
SALESFORCE.COM 372,687 481,546
STRYKER CORPORATION 138,501 205,430
T-MOBILE US INC 201,450 348,397
TE CONNECTIVITY LTD 303,260 321,324
THE BLACKSTONE GROUP INC CL A 150,028 391,844
THERMO FISHER SCIENTIFIC INC 83,255 333,867
TJX COMPANIES INC 152,988 257,696
UNION PACIFIC 207,752 417,800
UNITEDHEALTH GROUP INC 172,518 724,423
US BANCORP 279,481 256,780
VANGUARD SM-CAP ETF 844,748 1,386,645
VERALTO CORPORATION 27,160 53,716
VICI PROPERTIES INC 104,458 104,726
VISA INC 376,247 880,764
WALT DISNEY HOLDINGS CO 423,899 276,468
WEC ENERGY GROUP, INC 109,712 102,098
ZOETIS INC 122,005 188,883

TY 2023 InvestmentsGovtObligationsSch
Name:
Reynolds Family Foundation
EIN:
38-3739715
US Government Securities - End of Year Book Value:

3,161,871
US Government Securities - End of Year Fair Market Value:

2,951,620
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
Reynolds Family Foundation
EIN:
38-3739715
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AP ENERGY INFRASTRUCTURE FD LL   4,407,338 6,398,135
ELSTON CREDIT FUND   600,105 600,000
ENTERPRISE PRODUCTS PARTNERS L     856,375
OMAHA VENTURES II LLC     91,200
OMAHA VENTURES LLC     250,000

TY 2023 OtherExpensesSchedule
Name:
Reynolds Family Foundation
EIN:
38-3739715
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 108,050     108,050
Bank Charges 179 179    
K-1 Exp AP ENERGY INFRASTRUCTU 134,727 133,233    
K-1 Exp ELSTON CREDIT FUND 6 6    


TY 2023 OtherIncomeSchedule2
Name:
Reynolds Family Foundation
EIN:
38-3739715
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss AP ENERGY INFRASTRUCTURE FD LLC 423,231 205,711  
K-1 Inc/Loss ELSTON CREDIT FUND 21,634 21,634  
K-1 Inc/Loss ELSTON LAND FUND LLC 18,428 18,428  
K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP 59,656    
K-1 Inc/Loss OMAHA VENTURES II LLC 1,737 134  
K-1 Inc/Loss OMAHA VENTURES LLC 281 281  
Class Action Lawsuit Proceeds 25 25  
State Tax Refund 2,662    


TY 2023 OtherIncreasesSchedule
Name:
Reynolds Family Foundation
EIN:
38-3739715
Description Amount
RETURNED GRANT 170


TY 2023 OtherProfessionalFeesSchedule
Name:
Reynolds Family Foundation
EIN:
38-3739715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 67,899 67,899    


TY 2023 TaxesSchedule
Name:
Reynolds Family Foundation
EIN:
38-3739715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 21,800      
990-PF Extension for 2022 8,900      
990-T Extension for 2022 56,400