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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE AZBY FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)650 POYDRAS STREET 2521
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW ORLEANS, LA70130
A Employer identification number

72-6049781
B Telephone number (see instructions)

(504) 581-2549
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$27,875,360J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,672 1,672  
4 Dividends and interest from securities... 535,833 535,833  
5a Gross rents............ 172,825 172,825  
b Net rental income or (loss) 119,361
6a Net gain or (loss) from sale of assets not on line 10 1,159,606
b Gross sales price for all assets on line 6a 6,088,284
7 Capital gain net income (from Part IV, line 2)... 1,159,606
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
329,343 329,343  
12 Total. Add lines 1 through 11........ 2,199,279 2,199,279  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 276,860 276,860   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 156,947 52,913   104,034
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
67,747 67,747   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
19,000 9,000   10,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
113,003 113,003   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
50,023 31,516   18,507
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
267 640  
20 Occupancy.............. 50,176 22,124   28,052
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
45,860 30,650   15,210
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 779,883 604,453   175,803
25 Contributions, gifts, grants paid....... 1,157,500 1,157,500
26 Total expenses and disbursements. Add lines 24 and 25 1,937,383 604,453   1,333,303
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 261,896
b Net investment income (if negative, enter -0-) 1,594,826
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 360 360 360
2 Savings and temporary cash investments......... 1,393,246 1,940,171 1,940,171
3 Accounts receivable right arrow12,891
Less: allowance for doubtful accounts right arrow   12,891 12,891 12,891
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)      
b Investments—corporate stock (attach schedule)....... 15,518,108 Click to see attachment
List of Attached Documents:
// Content
15,752,031 		17,813,948
c Investments—corporate bonds (attach schedule)....... 2,860,300 Click to see attachment
List of Attached Documents:
// Content
2,315,679 		2,293,515
11 Investments—land, buildings, and equipment: basis right arrow5,398,809
Less: accumulated depreciation (attach schedule) right arrow   5,398,809 5,398,809 5,398,809
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 316,555 Click to see attachment
List of Attached Documents:
// Content
342,275 		342,275
14 Land, buildings, and equipment: basis right arrow181,277
Less: accumulated depreciation (attach schedule) right arrow113,406 67,922 Click to see attachment
List of Attached Documents:
// Content
67,871 		67,871
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,520 		Click to see attachment
List of Attached Documents:
// Content
5,520 		Click to see attachment
List of Attached Documents:
// Content
5,520
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,573,711 25,835,607 27,875,360
Liabilities 17 Accounts payable and accrued expenses.......... 2,500 2,500
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
14,350 		Click to see attachment
List of Attached Documents:
// Content
14,350
23 Total liabilities (add lines 17 through 22)......... 16,850 16,850
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 25,556,861 25,818,757
29 Total net assets or fund balances (see instructions)..... 25,556,861 25,818,757
30 Total liabilities and net assets/fund balances (see instructions). 25,573,711 25,835,607
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
25,556,861
2
Enter amount from Part I, line 27a .....................
2
261,896
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
25,818,757
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,818,757
Form 990-PF (2024)
Form 990-PF (2024)
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 VANGUARD INDUSTRIALS INDEX FD ADMIRAL P 2024-01-01 2024-07-09
b EXPAND ENERGY CORPORATION COMMON STOCK, P 2023-09-25 2024-10-02
c KRAFT HEINZ CO COM P 2022-01-11 2024-12-13
d RTX CORPORATION COM P 2021-11-30 2024-12-13
e SPDR SER TR S&P BIOTECH P 2022-05-12 2024-07-09
TELLURIAN INC NEW COM P 2022-01-31 2024-10-09
VANGUARD INDUSTRIALSINDEX P 2023-01-01 2024-07-09
LOSS ON PARTNERSHIPS P 2023-01-01 2024-12-31
ARTISAN INTERNATIONAL VALUE INSTL P 2022-05-20 2024-02-15
ARTISAN INTERNATIONAL VALUE INSTL P 2022-05-20 2024-05-13
ARTISAN INTERNATIONAL VALUE INSTL P 2022-05-20 2024-07-12
ARTISAN INTERNATIONAL VALUE INSTL P 2022-05-20 2024-08-08
ARTISAN INTERNATIONAL VALUE INSTL P 2023-11-29 2024-12-03
ARTISAN INTERNATIONAL VALUE INSTL P 2024-09-12 2024-12-03
AMERICAN FUNDS EUROPACIFIC GROWTH F3 P 2022-05-20 2024-02-15
AMERICAN FUNDS EUROPACIFIC GROWTH F3 P 2022-05-20 2024-05-13
AMERICAN FUNDS EUROPACIFIC GROWTH F3 P 2022-05-20 2024-07-12
AMERICAN FUNDS EUROPACIFIC GROWTH F3 P 2022-05-20 2024-08-08
AMERICAN FUNDS EUROPACIFIC GROWTH F3 P 2024-06-10 2024-08-08
AMERICAN FUNDS EUROPACIFIC GROWTH F3 P 2024-06-10 2024-08-08
AMERICAN FUNDS EUROPACIFIC GROWTH F3 P 2023-11-06 2024-11-22
AMERICAN FUNDS EUROPACIFIC GROWTH F3 P 2023-11-06 2024-12-03
FMI LARGE CAP INSTITUTIONAL P 2022-05-20 2024-02-15
FMI LARGE CAP INSTITUTIONAL P 2022-05-20 2024-05-13
FMI LARGE CAP INSTITUTIONAL P 2022-05-20 2024-08-08
FMI LARGE CAP INSTITUTIONAL P 2022-05-20 2024-12-03
JP MORGAN HEDGED EQUITY 2 CL I P 2022-05-20 2024-11-22
JP MORGAN HEDGED EQUITY 2 CL I P 2023-09-27 2024-11-22
JP MORGAN HEDGED EQUITY 2 CL I P 2022-05-20 2024-12-03
LAZARD EMERGING MARKETS EQ ADVTG INSTL P 2022-11-02 2024-05-13
LAZARD EMERGING MARKETS EQ ADVTG INSTL P 2022-11-02 2024-07-12
METROPOLITAN WEST TOTAL RETURN BD 1 P 2022-05-20 2024-05-13
METROPOLITAN WEST TOTAL RETURN BD 1 P 2023-12-29 2024-05-13
LAZARD EMERGING MARKETS EQ ADVTG INSTL P 2022-11-02 2024-02-15
LAZARD EMERGING MARKETS EQ ADVTG INSTL P 2022-12-22 2024-02-15
LAZARD EMERGING MARKETS EQ ADVTG INSTL P 2023-01-26 2024-02-15
METROPOLITAN WEST TOTAL RETURN BD 1 P 2024-01-31 2024-05-13
METROPOLITAN WEST TOTAL RETURN BD 1 P 2024-02-29 2024-05-13
METROPOLITAN WEST TOTAL RETURN BD 1 P 2024-03-28 2024-05-13
METROPOLITAN WEST TOTAL RETURN BD 1 P 2022-05-20 2024-07-12
TCW METWEST TOTAL RETURN BD 1 P 2022-05-20 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2022-06-30 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2022-08-31 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2022-09-30 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2022-11-02 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2023-09-12 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2024-07-31 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2024-08-30 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2024-09-30 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2024-10-31 2024-11-22
TCW METWEST TOTAL RETURN BD 1 P 2022-11-02 2024-12-03
TCW METWEST TOTAL RETURN BD 1 P 2023-11-30 2024-12-03
TCW METWEST TOTAL RETURN BD 1 P 2024-11-29 2024-12-03
POLEN GROWTH INSTITUTIONAL P 2022-05-20 2024-05-13
POLEN GROWTH INSTITUTIONAL P 2022-11-02 2024-05-13
POLEN GROWTH INSTITUTIONAL P 2022-12-07 2024-05-13
POLEN GROWTH INSTITUTIONAL P 2023-01-26 2024-05-13
PGIM TOTAL RETURN BOND R6 P 2022-05-20 2024-07-12
PGIM TOTAL RETURN BOND R6 P 2022-05-31 2024-07-12
PGIM TOTAL RETURN BOND R6 P 2023-12-29 2024-07-12
PGIM TOTAL RETURN BOND R6 P 2024-01-31 2024-07-12
PGIM TOTAL RETURN BOND R6 P 2022-05-20 2024-08-08
PGIM TOTAL RETURN BOND R6 P 2024-08-05 2024-08-08
COHEN & STEERS REAL ASSETS I P 2024-11-22 2024-12-03
SCHWAB INTERNATIONAL INDEX P 2022-11-02 2024-02-15
SCHWAB INTERNATIONAL INDEX P 2022-12-16 2024-02-15
SCHWAB INTERNATIONAL INDEX P 2022-11-02 2024-05-13
SCHWAB INTERNATIONAL INDEX P 2022-11-02 2024-07-12
SCHWAB INTERNATIONAL INDEX P 2022-11-02 2024-08-08
SCHWAB US LARGE CAP GROWTH IDX P 2022-05-20 2024-07-12
SCHWAB US LARGE CAP GROWTH IDX P 2023-01-26 2024-07-12
SCHWAB US LARGE CAP GROWTH IDX P 2022-05-20 2024-11-22
SCHWAB US LARGE CAP GROWTH IDX P 2022-05-20 2024-12-03
SCHWAB US LARGE CAP GROWTH IDX P 2022-05-20 2024-08-08
SCHWAB US LARGE CAP GROWTH IDX P 2022-12-09 2024-08-08
SCHWAB US LARGE CAP GROWTH IDX P 2022-12-09 2024-08-08
SCHWAB US LARGE CAP GROWTH IDX P 2023-06-15 2024-08-08
SCHWAB US LARGE CAP GROWTH IDX P 2023-09-12 2024-11-22
SCHWAB US LARGE CAP GROWTH IDX P 2022-05-20 2024-12-03
SCHWAB US LARGE CAP GROWTH IDX P 2023-09-12 2024-12-03
VIRTUS KAR MID-CAP CORE 1 P 2024-02-15 2024-08-08
VIRTUS KAR MID-CAP CORE 1 P 2024-05-14 2024-08-08
VIRTUS KAR MID-CAP CORE 1 P 2023-11-06 2024-11-22
VIRTUS KAR MID-CAP CORE 1 P 2023-11-06 2024-12-03
VANGUARD MID CAP ETF P 2022-05-20 2024-07-12
VANGUARD MID CAP ETF P 2022-05-20 2024-07-12
VANGUARD MID CAP ETF P 2022-05-20 2024-07-12
VANGUARD MID CAP ETF P 2022-05-20 2024-08-08
VANGUARD MID CAP ETF P 2022-05-20 2024-08-08
VANGUARD MID CAP ETF P 2022-05-20 2024-08-08
VANGUARD MID CAP ETF P 2022-05-20 2024-08-08
VANGUARD MID CAP ETF P 2022-05-20 2024-08-08
VANGUARD MID CAP ETF P 2022-05-20 2024-11-22
VANGUARD MID CAP ETF P 2022-05-20 2024-11-22
VANGUARD MID CAP ETF P 2022-05-20 2024-12-03
VANGUARD MID CAP ETF P 2022-11-02 2024-12-03
VANGUARD S&P 500 ETF P 2022-05-20 2024-02-15
VANGUARD S&P 500 ETF P 2022-05-20 2024-02-15
VANGUARD S&P 500 ETF P 2022-05-20 2024-12-03
VANGUARD S&P 500 ETF P 2023-09-12 2024-12-03
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-04-24 2024-02-15
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-04-28 2024-02-15
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-04-24 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-05-31 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-06-30 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-07-31 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-08-31 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-09-12 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-09-29 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-10-31 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-11-30 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2023-12-29 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2024-01-31 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2024-02-29 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2024-03-28 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2024-04-30 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2024-05-14 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2024-05-31 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2024-06-28 2024-08-02
VANGUARD LONG-TERM TREASURY ADMIRAL P 2024-07-31 2024-08-02
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,155   1,804 351
b 41   27 14
c 47,277   53,568 -6,291
d 58,396   41,928 16,468
e 93,947   78,165 15,782
10,000   25,288 -15,288
152,712   127,874 24,838
    80 -80
143,985   120,109 23,876
124,985   98,078 26,907
114,985   88,389 26,596
71,985   56,333 15,652
5,139   4,613 526
9,846   10,215 -369
14,985   13,694 1,291
37,185   32,279 4,906
149,985   128,551 21,434
4,958   4,536 422
6,088   6,309 -221
26,939   27,919 -980
4,985   4,544 441
13,985   12,360 1,625
40,985   44,557 -3,572
85,285   86,877 -1,592
149,985   155,454 -5,469
79,985   75,012 4,973
15,107   12,296 2,811
878   717 161
11,985   9,686 2,299
24,985   19,112 5,873
99,985   72,845 27,140
128,940   141,910 -12,970
2,953   3,064 -111
92,149   75,855 16,294
19,406   17,270 2,136
161,430   159,265 2,165
2,924   3,020 -96
2,602   2,635 -33
2,566   2,612 -46
24,985   26,905 -1,920
284,314   309,399 -25,085
1,219   1,297 -78
1,340   1,416 -76
2,026   2,028 -2
148,281   145,645 2,636
27,038   26,711 327
2,579   2,625 -46
2,279   2,351 -72
2,348   2,445 -97
2,561   2,578 -17
51,272   49,706 1,566
3,622   3,527 95
2,092   2,097 -5
664,640   554,352 110,288
82,048   60,700 21,348
125,467   86,303 39,164
43,297   32,500 10,797
26,409   28,095 -1,686
482   515 -33
3,999   4,024 -25
4,095   4,114 -19
145,677   153,642 -7,965
132,308   133,534 -1,226
8,000   8,046 -46
50,225   39,950 10,275
22,875   19,745 3,130
78,000   58,662 19,338
130,000   94,660 35,340
56,000   43,084 12,916
142,529   84,173 58,356
57,471   35,000 22,471
225,000   126,662 98,338
190,000   104,298 85,702
57,526   49,065 8,461
1,391   1,187 204
3,223   2,751 472
112,859   100,000 12,859
30,000   23,959 6,041
82,176   62,669 19,507
4,824   3,855 969
80,020   80,854 -834
19,965   20,300 -335
19,985   16,035 3,950
35,985   28,740 7,245
2,747   2,273 474
17,228   14,255 2,973
24,969   20,660 4,309
24,369   20,659 3,710
7,554   6,404 1,150
3,899   3,305 594
24,369   20,659 3,710
9,748   8,264 1,484
1,408   1,033 375
23,656   17,354 6,302
26,920   19,625 7,295
24,086   17,277 6,809
41,038   31,677 9,361
24,899   19,220 5,679
1,110   712 398
148,758   110,132 38,626
17,530   19,539 -2,009
55   62 -7
92,945   97,961 -5,016
312   321 -9
306   314 -8
328   329 -1
344   334 10
31,952   30,400 1,552
423   379 44
505   430 75
458   423 35
439   440 -1
444   433 11
409   390 19
412   395 17
447   403 44
2,468   2,300 168
467   430 37
438   410 28
437   422 15
321,262     321,262
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       351
b       14
c       -6,291
d       16,468
e       15,782
      -15,288
      24,838
      -80
      23,876
      26,907
      26,596
      15,652
      526
      -369
      1,291
      4,906
      21,434
      422
      -221
      -980
      441
      1,625
      -3,572
      -1,592
      -5,469
      4,973
      2,811
      161
      2,299
      5,873
      27,140
      -12,970
      -111
      16,294
      2,136
      2,165
      -96
      -33
      -46
      -1,920
      -25,085
      -78
      -76
      -2
      2,636
      327
      -46
      -72
      -97
      -17
      1,566
      95
      -5
      110,288
      21,348
      39,164
      10,797
      -1,686
      -33
      -25
      -19
      -7,965
      -1,226
      -46
      10,275
      3,130
      19,338
      35,340
      12,916
      58,356
      22,471
      98,338
      85,702
      8,461
      204
      472
      12,859
      6,041
      19,507
      969
      -834
      -335
      3,950
      7,245
      474
      2,973
      4,309
      3,710
      1,150
      594
      3,710
      1,484
      375
      6,302
      7,295
      6,809
      9,361
      5,679
      398
      38,626
      -2,009
      -7
      -5,016
      -9
      -8
      -1
      10
      1,552
      44
      75
      35
      -1
      11
      19
      17
      44
      168
      37
      28
      15
      321,262
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,159,606
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 22,168
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 22,168
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 22,168
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 74,009
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 74,009
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 51,841
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow51,841 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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 arrowLA
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 2024 or the taxable year beginning in 2024? 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 arrowN/A
14
The books are in care ofright arrowMICHAEL S LIEBAERT Telephone no.right arrow (504) 581-2549

Located atright arrow650 POYDRAS STREET 2521NEW ORLEANSLA ZIP+4right arrow70130
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
ANN FITZMORRIS PRESIDENT
1.00 		0 0 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
AIMEE' F SIEGEL DIRECTOR
0.50 		0 0 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
JAMES R MORTON SECRETARY TREASURER
0.50 		0 0 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
MICHAEL S LIEBAERT EXECUTIVE DIRECTOR RETIRED
0.50 		0 0 5,014
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
MICHAEL S LIEBAERT SECRETARY TREASURER
35.00 		97,779 20,286 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
PATRICK W FITZMORRIS EXECUTIVE DIRECTOR
35.00 		179,081 30,137 2,400
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
SAMUEL S FARNET JR VICE PRESIDENT
0.50 		0 0 0
650 POYDRAS STREET SUITE 2521
NEW ORLEANS,LA70130
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
21,196,649
b
Average of monthly cash balances.......................
1b
286,078
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
21,482,727
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
21,482,727
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
322,241
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
21,160,486
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,058,024
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
1,058,024
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
22,168
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,168
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,035,856
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,035,856
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,035,856
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
1,333,303
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,333,303
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,035,856
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 489,081
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,333,303
a Applied to 2023, but not more than line 2a 489,081
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 2024 distributable amount..... 844,222
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		191,634
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 (2024)
Form 990-PF (2024)
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

30 X NINETY THEATRE INC

880 LAFAYETTE ST
MANDEVILLE,LA70448 		NONE PUBLIC CHARITY ARTS THEATER 2,500

ARCHBISHOP HANNAN HIGH SCHOOL

71324 HIGHWAY 1077
COVINGTON,LA70433 		NONE PUBLIC CHARITY EDUCATIONAL 20,000

BROTHER MARTIN HIGH SCHOOL

4401 ELYSIAN FIELDS AVE
NEW ORLEANS,LA70122 		NONE PUBLIC CHARITY EDUCATIONAL 2,500

CATHOLIC HIGH SCHOOL

855 HEARTHSTONE DR
BATON ROUGE,LA70806 		NONE PUBLIC CHARITY EDUCATIONAL 5,000

CITY PARK CONSERVANCY

1 PALM DRIVE
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY CONSERVATION 10,000

COMMUNITY SAILING NEW ORLEANS

101 N ROADWAY ST
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY SAILING AND CIVIC 25,000

EDWARD HYNES CHARTER SCHOOL

4617 MIRABEAU AVE
NEW ORLEANS,LA70126 		NONE PUBLIC CHARITY COUNSELING 1,500

ELLIS MARSALIS CENTER FOR MUSIC

1901 BARTHOLOMEW STREET
NEW ORLEANS,LA70117 		NONE PUBLIC CHARITY EDUCATION CIVIC ARTS 2,500

FORE KID'S FOUNDATION

11005 LAPALCO BLVD
AVONDALE,LA70094 		NONE PUBLIC CHARITY CIVIC 12,000

GREATER NEW ORLEANS SPORTS FOUNDATION

320 METAIRIE-HAMMOND HWY 300
METAIRIE,LA70005 		NONE PUBLIC CHARITY RECREATION AND CIVIC 5,000

HISTORIC NEW ORLEANS COLLECTION

520 ROYAL ST
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY ARTS 1,000

HOLY NAME OF JESUS SCHOOL

6325 CROMWELL PL
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATION 10,000

IMMACULATE CONCEPTION JESUIT CHURCH

130 BARONNE ST
NEW ORLEANS,LA70112 		NONE PUBLIC CHARITY EDUCATION 2,500

JEFFERSON PERFORMING ARTS CENTER

6400 AIRLINE DR
METAIRIE,LA70003 		NONE PUBLIC CHARITY ARTS 2,000

JESUIT HIGH SCHOOL

4133 BANKS ST
NEW ORLEANS,LA70119 		NONE PUBLIC CHARITY EDUCATION 7,500

JOEY'S HOPE NOLA

PO BOX 9547
METAIRIE,LA70055 		NONE PUBLIC CHARITY CIVIC - UNRESTRICTED 2,000

KIDSMART FOUNDATION

1920 CLIO ST
NEW ORLEANS,LA70113 		NONE PUBLIC CHARITY ARTS 2,500

LONGUE VUE HOUSE & GARDENS

7 BAMBOO ROAD
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY CIVIC 12,500

LOUISIANA RUGBY CORPORATION

1305 DUBLIN STREET
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATION & RECREATION 10,000

LOYOLA UNIVERSITY

6363 ST CHARLES AVE
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATIONAL 11,000

MOUNT CARMEL ACADEMY

7027 MILNE BLVD
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY EDUCATION 30,000

NEW ORLEANS CULINARY AND HOSPITALITY INSTITUTE

725 HOWARD AVE
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY EDUCATIONAL 41,000

NEW ORLEANS FILM & VIDEO FESTIVAL

1215 PRYTANIA STREET STE 423
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY ARTS FILM & VIDEO 2,500

NEW ORLEANS MUSEUM OF ART

COLLINS DIBOLL CIRCLE
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY ARTS 10,000

NEWMAN SCHOOL

1903 JEFFERSON AVENUE
NEW ORLEANS,LA701155699 		NONE PUBLIC CHARITY EDUCATIONAL 13,000

NOLA GOLD RUGBY

6000 AIRLINE DR
METAIRIE,LA70003 		NONE PUBLIC CHARITY SUPPORT VICTIMS OF DOMESTIC VIOLENCE 2,500

PAMELA SINTES MEMORIAL FOUNDATION

7385 WEST ROADWAY
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY SUPPORT VICTIMS OF DOMESTIC VIOLENCE 1,000

PRESERVATION RESOURCE CENTER

923 TCHOUPITOULAS ST
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY HISTORICAL PRESERVATION OF BUILDINGS 10,000

RECREATIONAL FISHERIES INSTITUTE

1040 JAMESON PLACE
COVINGTON,LA704336420 		NONE PUBLIC CHARITY ENVIRONMENT 104,000

RIVER ROAD HISTORICAL SOCIETY

13034 RIVER ROAD
DESTREHAN,LA70047 		NONE PUBLIC CHARITY HISTORICAL 125,000

RIVERS INSTITUTE

1100 POYDRAS STE STE 1700
NEW ORLEANS,LA70163 		NONE PUBLIC CHARITY RIVERS PROJECT 10,000

SAINT JOSEPH ABBEY

75376 RIVER RD
ST BENEDICT,LA70457 		NONE PUBLIC CHARITY RELIGION 10,000

ST MARY'S DOMINICAN HIGH SCHOOL

7701 WALMSLEY AVENUE
NEW ORLEANS,LA70125 		NONE PUBLIC CHARITY EDUCATION 60,000

ST TAMMANY PARISH HUMANE SOCIETY

20384 HARRISON AVE
COVINGTON,LA70433 		NONE PUBLIC CHARITY CIVIC - UNRESTRICTED 250,000

ST FRANCIS XAVIER CATHOLIC CHURCH

444 METAIRIE RD
METAIRIE,LA70005 		NONE PUBLIC CHARITY RELIGION 2,500

ST MARY'S ASSUMPTION CHURCH

923 JOSEPHINE ST
NEW ORLEANS,LA70130 		NONE PUBLIC CHARITY RELIGION 10,000

ST SCHOLASTICA ACADEMY

122 S MASSACHUSETTS ST
COVINGTON,LA70433 		NONE PUBLIC CHARITY EDUCATION 3,500

START THE ADVENTURE IN READING

1545 STATE ST
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATION 2,500

SUGAR BUZZ

438 LAURA DR SOUTH
MANDEVILLE,LA70448 		NONE PUBLIC CHARITY EDUCATIONAL 2,500

TEMPLE SINAI

6227 ST CHARLES AVENUE
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY RELIGION 2,000

THE FRIENDS OF WEST END

8654 PONTCHARTRAIN BLVD
NEW ORLEANS,LA70124 		NONE PUBLIC CHARITY CIVIC - DARLINGTON FOUNTAIN 40,000

THE HARRY THOMPSON CENTER INC

1803 GRAVIER ST
NEW ORLEANS,LA70112 		NONE PUBLIC CHARITY CIVIC - UNRESTRICTED 6,000

TULANE UNIVERSITY

6823 ST CHARLES AVE
NEW ORLEANS,LA70118 		NONE PUBLIC CHARITY EDUCATIONAL 261,000

UNCOMMON CONTRUCTION INC

PO BOX 791438
NEW ORLEANS,LA701191438 		NONE PUBLIC CHARITY EMPOWER YOUTH WITH THE SKILLS, NETWORK, RESOURCES 9,000

WISH TO FISH LOUISIANA INC

673 CAMERON COURT
KENNER,LA70065 		NONE PUBLIC CHARITY RECREATION AND CIVIC 2,500
Total .................................right arrow 3a 1,157,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 1,672  
4 Dividends and interest from securities ....     14 535,833  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 119,361  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     16 329,343  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,159,606  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,145,815 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,145,815
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ROBERT MIDKIFF CPA LLC 19,000 9,000   10,000

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
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
FURNITURE & FIXTURES 1990-01-01 35,072 35,072 SL 7.000000000000 0 0    
FURNITURE & FIXTURES 1998-06-30 2,564 2,564 SL 7.000000000000 0 0    
FURNITURE & FIXTURES 1999-06-30 4,873 4,873 SL 7.000000000000 0 0    
FURNITURE & FIXTURES 2000-06-30 826 826 SL 5.000000000000 0 0    
EQUIPMENT 2002-06-30 5,839 5,839 SL 5.000000000000 0 0    
OFFICE EQUIPMENT 2003-06-30 1,324 1,324 SL 5.000000000000 0 0    
FURNITURE & FIXTURES 2004-04-30 41,860 20,930 SL 7.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2004-04-30 11,634 11,634 SL 10.000000000000 0 0    
FILE CABINET 2009-11-19 1,986 1,986 SL 7.000000000000 0 0    
IPAD PWF 2010-12-19 1,202 1,202 SL 3.000000000000 0 0    
COMPUTER 2015-02-06 1,755 1,755 SL 5.000000000000 0 0    
PHONE 2018-12-31 598 598 SL 5.000000000000 0 0    
RADIOACTIVE DETECTION METER 2018-12-31 726 726 SL 5.000000000000 0 0    
PRINTER 2018-12-31 253 253 SL 5.000000000000 0 0    
VEHICLE - TOYOTA TUNDRA 2022-05-26 67,347   NC 0 % 0 0    
OFFICE EQUIPMENT - IPAD AND KEYBOARD 2023-02-07 1,660 58 SL 5.000000000000 66 332    
OFFICE EQUIPMENT - PWF APPLE COMPUTER 2023-12-12 1,541 8 SL 5.000000000000 62 308    
OFFICE EQUIPMENT - APPLE KEYBOARD 2024-07-09 216   SL 5.000000000000 139 0    

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Name of Bond End of Year Book Value End of Year Fair Market Value
CLIFFWATER CORPORATE LEN 958,108 957,252
PGIM TOTAL RETURN BOND R 1,222,379 1,199,827
TCW METWEST TOTAL RETURN BOND 135,192 136,436

TY 2024 InvestmentsCorpStockSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Name of Stock End of Year Book Value End of Year Fair Market Value
AMERICAN FUNDS EUROPACIF 1,165,804 1,216,898
APOLLO DIVERSIFIED RE FD 996,152 869,109
ARTISAN INTERNATIONAL VALUE 846,352 1,002,073
BANK OF AMERICA CORP 39,100 38,840
BLACKROCK COMMODITY STRATEGIES INSTL 250,551 228,186
BOEING COMPANY 91,758 88,500
CATALYST ENERGY INFRASTRUCTURE CL I 163,494 304,583
CATALYST MILLBURN HEDGE STRTGV FD CL I 113,275 122,199
CENOVUS ENERGY INC 50,382 60,600
COHEN & STEERS REAL ASSETS 326,686 322,107
DOW INC 56,225 40,130
EXPAND ENERGY CORPORATION COMMON STOCK 71,111 129,415
FIDELITY ADVISOR ENERGY FUND CL I 147,506 218,102
FIDELITY REAL ESTATE 205,810 168,739
FMI LARGE CAP INSTITUTIONAL 1,137,261 1,074,127
FORD MOTOR CO 175,256 99,000
FRANKLIN INCOME ADVISOR 183,062 176,570
JOHN HANCOCK DISCIPLINED VALUE 487,691 465,410
JOHN HANCOCK INFRASTRUCTURE 109,092 110,396
JOHN HANCOCK REGIONAL BANK 348,284 318,928
JPMORGAN EQUITY 129,866 135,385
JPMORGAN HEDGED EQUITY 2 270,708 333,075
LAZARD EMERGING MARKETS 879,791 992,661
LOCKHEED MARTIN 68,187 97,188
NUVEEN DIVIDEND VALUE 195,300 181,690
NUVEEN FLEXIBLE INCOME CL I 114,771 99,376
NUVEEN SMALL CAP VALUE 234,025 258,036
ORIGIN BANCORP 43,278 33,290
PENN ENTERTAINMENT 94,993 39,640
RANGE RESOURCE CORP 45,334 89,950
S. LA CANAL & NAVIGATION 3,091 3,091
SCHWAB INTERNATIONAL INDEX 926,514 1,118,950
SCHWAB US LARGE-CAP GROWTH 1,890,855 2,492,859
SCHWAB US LARGE-CAP VALUE 905,913 1,076,617
SPDR SERIES TRUST S&P OIL & GAS EXPLORATION 76,413 92,659
SUNCOR ENERGY INC 51,428 71,360
VALE S.A. SPONS ADS REPR 63,127 44,350
VANGUARD MID CAP ETF 393,494 488,112
VANGUARD S&P 500 ETF 1,940,532 2,581,439
VIRTUS KAR MID-CAP CORE 418,959 490,328
WELLS FARGO & CO DEP 40,600 39,980

TY 2024 InvestmentsOtherSchedule2
Name:
THE AZBY FUND
EIN:
72-6049781
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HARVEY CANAL PARTNERSHIP AT COST 332,011 332,011
RIGOLETS PARTNERSHIP AT COST 10,264 10,264

TY 2024 LandEtcSchedule2
Name:
THE AZBY FUND
EIN:
72-6049781
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURE & FIXTURES 35,072 35,072 0  
FURNITURE & FIXTURES 2,564 2,564 0  
FURNITURE & FIXTURES 4,873 4,873 0  
FURNITURE & FIXTURES 826 826 0  
EQUIPMENT 5,839 5,839 0  
OFFICE EQUIPMENT 1,324 1,324 0  
FURNITURE & FIXTURES 41,860 41,860 0  
LEASEHOLD IMPROVEMENTS 11,634 11,634 0  
FILE CABINET 1,986 1,986 0  
IPAD PWF 1,202 1,202 0  
COMPUTER 1,755 1,755 0  
PHONE 598 598 0  
RADIOACTIVE DETECTION METER 726 726 0  
PRINTER 253 253 0  
VEHICLE - TOYOTA TUNDRA 67,347 0 67,347  
OFFICE EQUIPMENT - IPAD AND KEYBOARD 1,660 1,452 208  
OFFICE EQUIPMENT - PWF APPLE COMPUTER 1,541 1,303 238  
OFFICE EQUIPMENT - APPLE KEYBOARD 216 139 77  


TY 2024 LegalFeesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAGGART MORTON 67,747 67,747   0


TY 2024 OtherAssetsSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ARTWORKS 3,628 3,628 3,628
DEPOSITS 1,892 1,892 1,892


TY 2024 OtherExpensesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUTOMOTIVE EXPENSE 1,342 0   1,342
INSURANCE 11,935 765   11,170
MISCELLANEOUS EXPENSE 2,225 0   2,225
PROMOTIONAL EXPENSE 556 556   0
BANK CHARGES 426 426   0
POSTAGE 413 0   413
PAYCHEX EXPENSE 3,900 3,900   0
DUES & SUBSCRIPTIONS 120 60   60
ST TAMMANY EXPENSES 20,693 20,693   0
TIMBERLAND EXPENSES 4,250 4,250   0


TY 2024 OtherIncomeSchedule2
Name:
THE AZBY FUND
EIN:
72-6049781
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTIES 254,071 254,071 254,071
RIGOLETS LIMITED PARTNERSHIP 1,556 1,556 1,556
HARVEY CANAL LIMITED PARTNERSHIP 73,709 73,709 73,709
OTHER INCOME 7 7 7


TY 2024 OtherLiabilitiesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Description Beginning of Year - Book Value End of Year - Book Value
DEPOSITS FROM OTHERS 14,350 14,350


TY 2024 OtherProfessionalFeesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 113,003 113,003   0


TY 2024 TaxesSchedule
Name:
THE AZBY FUND
EIN:
72-6049781
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES ON FOREIGN DIVIDENDS 937 937   0
PAYROLL TAXES 20,565 2,058   18,507
REAL ESTATE TAXES 28,521 28,521   0