TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2023

Open to Public Inspection

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

Name of foundation
THE GAMBRELL FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)5625 FAIRVIEW ROAD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHARLOTTE, NC28209

A Employer identification number

56-2120679

B Telephone number (see instructions)

(704) 553-8296

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$166,930,986J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,877,175		1,867,197
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		14,710,559
b	Gross sales price for all assets on line 6a 47,553,633
7	Capital gain net income (from Part IV, line 2)...			947,661
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	1,168,718	-274,197
12	Total. Add lines 1 through 11........	17,756,452		2,540,661
13	Compensation of officers, directors, trustees, etc.	727,024		181,756	545,268
14	Other employee salaries and wages......	559,920		139,980	419,940
15	Pension plans, employee benefits.......	77,868		19,467	58,401
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	36,890	9,223	27,667
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	848,574	768,514	80,060
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	431,356	253,443	63,493
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	31,849	0
20	Occupancy..............	22,614		4,950	17,664
21	Travel, conferences, and meetings.......	484,973		0	484,973
22	Printing and publications..........	180		0	180
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	866,858	540,955	324,797
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	4,088,106		1,918,288	2,022,443
25	Contributions, gifts, grants paid.......	4,861,768			4,861,768
26	Total expenses and disbursements. Add lines 24 and 25	8,949,874		1,918,288	6,884,211
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	8,806,578
b	Net investment income (if negative, enter -0-)			622,373
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	23,761	85,060	85,060
	2	Savings and temporary cash investments.........	6,119,059	5,519,079	5,519,079
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	149,663,447	List of Attached Documents: // Content 159,059,953	161,005,933
	14	Land, buildings, and equipment: basis 394,482
		Less: accumulated depreciation (attach schedule) 73,568	352,763	List of Attached Documents: // Content 320,914	320,914
	15	Other assets (describe )	List of Attached Documents: // Content 15,536	List of Attached Documents: // Content 0	List of Attached Documents: // Content 0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	156,174,566	164,985,006	166,930,986
	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 )	List of Attached Documents: // Content 2,379	List of Attached Documents: // Content 6,241
	23	Total liabilities (add lines 17 through 22).........	2,379	6,241
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	119,951,306	119,951,306
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	36,220,881	45,027,459
	29	Total net assets or fund balances (see instructions).....	156,172,187	164,978,765
	30	Total liabilities and net assets/fund balances (see instructions).	156,174,566	164,985,006

Part III

Analysis of Changes in Net Assets or Fund Balances

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

156,172,187

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

8,806,578

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

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

164,978,765

Decreases not included in line 2 (itemize) right arrow

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

164,978,765

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #1323
b	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #1323
c	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105
d	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105
e	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105
	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105
	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3105
	PUBLICLY TRADED SECURITIES - U.S. BANK N.A. TRUST SERVICES #5000879
	PUBLICLY TRADED SECURITIES - U.S. BANK N.A. TRUST SERVICES #5000879
	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3104
	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3104
	PUBLICLY TRADED SECURITIES - PERSHING ADVISOR SOLUTIONS #2018
	UNREALIZED GAIN (LOSS) (MARK TO MARKET)	P
	PUBLICLY TRADED SECURITIES - NATIONAL FINANCIAL SERVICE #3104
	PUBLICLY TRADED SECURITIES - U.S. BANK N.A. TRUST SERVICES #5000879
	REDEMPTION - WELLINGTON TRUST COMPANY
	AMG PANTHEON

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,849,258	2,866,327	-17,069
b	962,618	968,536	-5,918
c	10,589,946	11,044,344	-454,398
d	867,434	862,703	4,731
e	7,231,838	8,310,788	-1,078,950
	4,583,076	4,853,621	-270,545
	70,215	178,884	-108,669
	5,549,293	5,408,257	141,036
	4,873,734	4,115,776	757,958
	4,650,355	3,189,459	1,460,896
	2,541	2,560	-19
	300,831	300,998	-167
			0
	16,403		16,403
	237		237
	5,000,000	4,503,719	496,281
	5,854		5,854

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			-17,069
b			-5,918
c			-454,398
d			4,731
e			-1,078,950
			-270,545
			-108,669
			141,036
			757,958
			1,460,896
			-19
			-167
			0
			16,403
			237
			496,281
			5,854

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	947,661
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	8,651
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	8,651
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	8,651
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	156,814
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	156,814
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	148,163
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax148,163	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

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

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

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

List of Attached Documents:

// Content

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

WWW.GAMBRELLFOUNDATION.ORG

The books are in care of right arrow

MATT POTTER Telephone no. right arrow

(704) 553-8296

Located at right arrow

5625 FAIRVIEW ROADCHARLOTTENC ZIP+4 right arrow

28209

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

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

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

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

16 No

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

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

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

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

1a(5)

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

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

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

1a(6)

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

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

Yes

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

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

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

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

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

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

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

If "Yes," list the years right arrow

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

Yes

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

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

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

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

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

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

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

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

Form 990-PF (2023)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation
SALLY BELK GAMBRELL	DIRECTOR - CEO 20.00	125,000	0
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	DIRECTOR - CEO 20.00	125,000	0
HANNAH RANKIN	PROGRAM DIRECTOR 20.00	72,623	2,641
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	PROGRAM DIRECTOR 20.00	72,623	2,641
BRIAN E BRIDGFORD	DIRECTOR - VP 20.00	125,000	0
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	DIRECTOR - VP 20.00	125,000	0
BRIAN COLLIER	PRESIDENT 40.00	404,400	19,176
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	PRESIDENT 40.00	404,400	19,176

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
JACK MCWILLIAMS	FARM OPERATIONS 40.00	126,178	5,047	0
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	FARM OPERATIONS 40.00	126,178	5,047	0
LAURA A SHEPARD	DIRECTOR OF COMMUNIC 40.00	111,234	4,450	0
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	DIRECTOR OF COMMUNIC 40.00	111,234	4,450	0
CARTER BOLLN	FARM OPERATIONS 40.00	96,902	4,540	0
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	FARM OPERATIONS 40.00	96,902	4,540	0
JOHN LICARE	FARM OPERATIONS 40.00	93,388	2,991	0
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	FARM OPERATIONS 40.00	93,388	2,991	0
MELISSA NEMEC	PROGRAM DIRECTOR 40.00	52,185	2,087	0
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	PROGRAM DIRECTOR 40.00	52,185	2,087	0
Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
BELK GAMBRELL ENTERPRISES LLC	INVESTMENT MANAGEMENT	791,646
5625 FAIRVIEW ROAD CHARLOTTE,NC28209	INVESTMENT MANAGEMENT	791,646
WELLINGTON MANAGEMENT CO LLP	INVESTMENT MANAGEMENT	384,293
222 W ADAMS STREET SUITE 2100 CHICAGO,IL60606	INVESTMENT MANAGEMENT	384,293

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2023)

Page 8

Part IX

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

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

purposes:

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

76,637,376

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

7,111,876

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

88,151,257

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

171,900,509

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

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

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

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

171,900,509

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

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

2,578,508

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

169,322,001

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

8,466,100

Part X

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

and do not complete this part.)

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

8,466,100

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

8,651

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

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

8,703

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

8,457,397

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

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

8,457,397

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

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

8,457,397

Part XI

Qualifying Distributions (see instructions)

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

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

6,884,211

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

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

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

394,481

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

7,278,692

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					8,457,397
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	197,255
b From 2019......	1,316,828
c From 2020......	535,614
d From 2021......	1,988,282
e From 2022......	2,130,392
f Total of lines 3a through e ........		6,168,371
4Qualifying distributions for 2023 from Part
XI, line 4: $ 7,278,692
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					7,278,692
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		1,178,705			1,178,705
(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		4,989,666
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		4,989,666
10 Analysis of line 9:
a Excess from 2019....	335,378
b Excess from 2020....	535,614
c Excess from 2021....	1,988,282
d Excess from 2022....	2,130,392
e Excess from 2023....

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

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

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

Check here right arrow

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

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

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

cAny submission deadlines:

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

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AMERICAN INSTITUTE FOR BOYS AND MEN 712 H STREET NE UNIT 8838 WASHINGTON,DC20002	NONE	PUBLIC CHARITY	GENERAL PURPOSE	200,000
ATRIUM HEALTH FOUNDATION PO BOX 32861 CHARLOTTE,NC28232	NONE	PUBLIC CHARITY	GENERAL PURPOSE	35,000
CAMP BLUE SKIES FOUNDATION 2820 SELWYN AVE BOX 767 CHARLOTTE,NC28209	NONE	PUBLIC CHARITY	GENERAL PURPOSE	25,000
CENTER FOR COMMUNITY TRANSITIONS 5825 OLD CONCORD ROAD CHARLOTTE,NC28213	NONE	PUBLIC CHARITY	GENERAL PURPOSE	75,000
CENTRAL PIEDMONT COMMUNITY COLLEGE FOUNDATION INC PO BOX 35009 CHARLOTTE,NC282355009	NONE	PUBLIC CHARITY	GENERAL PURPOSE	175,000
CHARLOTTE MECKLENBURG LIBRARY FOUNDATION 300 E SEVENTH STREET CHARLOTTE,NC28202	NONE	PUBLIC CHARITY	GENERAL PURPOSE	1,000,000
CHARLOTTE-MECKLENBURG POLICE DEPARTMENT (CMPD) EXPLORER POST 247 601 EAST TRADE STREET CHARLOTTE,NC28202	NONE	PUBLIC CHARITY	GENERAL PURPOSE	2,000
CHARMECK FAMILY JUSTICE CENTER PO BOX 12342 CHARLOTTE,NC28220	NONE	PUBLIC CHARITY	GENERAL PURPOSE	500,000
CMS FOUNDATION 4421 STUART ANDREW BLVD SUITE 100 CHARLOTTE,NC28217	NONE	PUBLIC CHARITY	GENERAL PURPOSE	287,965
COMMUNITIES IN SCHOOLS OF CHARLOTTE-MECKLENBURG INC 601 E 5TH STREET CHARLOTTE,NC28202	NONE	PUBLIC CHARITY	GENERAL PURPOSE	244,908
DILWORTH CENTER FOR CHEMICAL DEPENDENCY 2240 PARK ROAD CHARLOTTE,NC28203	NONE	PUBLIC CHARITY	GENERAL PURPOSE	100,000
DRESS FOR SUCCESS CHARLOTTE 500 CLANTON ROAD A CHARLOTTE,NC28217	NONE	PUBLIC CHARITY	GENERAL PURPOSE	2,500
FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE,NC28202	NONE	PUBLIC CHARITY	GENERAL PURPOSE	600,000
HABITAT FOR HUMANITY 3815 LATROBE DRIVE CHARLOTTE,NC28211	NONE	PUBLIC CHARITY	GENERAL PURPOSE	150,000
INTERNATIONAL HOUSE OF METROLINA INC 1817 CENTRAL AVENUE SUITE 215 CHARLOTTE,NC28205	NONE	PUBLIC CHARITY	GENERAL PURPOSE	75,000
LAKEVIEW NEIGHBORHOOD ALLIANCE 211 LAKEWOOD AVENUE CHARLOTTE,NC28208	NONE	PUBLIC CHARITY	GENERAL PURPOSE	303,680
MAKE-A-WISH FOUNDATION OF CENTRAL AND WESTERN NORTH CAROLINA INC 217 E TREMONT AVENUE CHARLOTTE,NC28203	NONE	PUBLIC CHARITY	GENERAL PURPOSE	1,575
NORTH CAROLINA OUTWARD BOUND SCHOOL 2582 RICEVILLE ROAD ASHEVILLE,NC28805	NONE	PUBLIC CHARITY	GENERAL PURPOSE	10,000
PLANNED PARENTHOOD SOUTH ATLANTIC 700 SOUTH TORRENCE STREET CHARLOTTE,NC28204	NONE	PUBLIC CHARITY	GENERAL PURPOSE	100,000
THE CHARLOTTE MUSEUM OF HISTORY 3500 SHAMROCK DRIVE CHARLOTTE,NC28215	NONE	PUBLIC CHARITY	GENERAL PURPOSE	250,000
THE CHRISTIAN MISSION 266 N BROAD STREET MOORESVILLE,NC28115	NONE	PUBLIC CHARITY	GENERAL PURPOSE	125,000
THE SALVATION ARMY 4015 STUART ANDREW BOULEVARD CHARLOTTE,NC28217	NONE	PUBLIC CHARITY	GENERAL PURPOSE	60,000
UNION COUNTY EDUCATION FOUNDATION 400 N CHURCH STREET MONROE,NC28112	NONE	PUBLIC CHARITY	GENERAL PURPOSE	55,000
UNITED WAY CENTRAL CAROLINAS INC 601 E 5TH STREET SUITE 350 CHARLOTTE,NC28202	NONE	PUBLIC CHARITY	GENERAL PURPOSE	100,000
URBANPROMISE CHARLOTTE PO BOX 12213 CHARLOTTE,NC28220	NONE	PUBLIC CHARITY	GENERAL PURPOSE	230,000
VISION TO LEARN 12100 WILSHIRE BLVD SUITE 1275 LOS ANGELES,CA90025	NONE	PUBLIC CHARITY	GENERAL PURPOSE	100,000
YOUNG BLACK LEADERSHIP ALLIANCE 4112 OLD PINEVILLE ROAD CHARLOTTE,NC28217	NONE	PUBLIC CHARITY	GENERAL PURPOSE	54,140
Total ................................. 3a				4,861,768

bApproved for future payment

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

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	1,877,175
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 .....	523000	6,370	14	1,162,348
8 Gain or (loss) from sales of assets other than inventory ............			14	14,710,559
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) ..		6,370		17,750,082	0

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

17,756,452

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2023)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2023 DepreciationSchedule

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
GREENHOUSE	2020-04-01	118,125	8,330	SL	39.000000000000	3,029
GENERATOR	2020-11-25	28,823	14,642	200DB	7.000000000000	4,052
OFFICE BUILDING	2020-04-01	22,875	1,614	SL	39.000000000000	587
GREENHOUSE	2022-04-15	199,174	9,959	SL	10.000000000000	19,917
TRAILER	2021-12-09	4,646		200DB	7.000000000000	0
COOLER	2022-05-20	9,910	1,982	200DB	5.000000000000	3,171
CHICKEN COOP	2022-07-01	10,929	546	SL	10.000000000000	1,093

- TIN:

TY 2023 ExplnOfNonFilingWithAGStmt

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Statement:

COPY OF THE 990-PF IS AVAILABLE UPON REQUEST.

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
.3992% INTEREST IN COUNCIL CAPITAL IV, LP	FMV	184,854	188,907
0.2775% INTEREST IN INVESTMENT IN FULCRUM IV	FMV	653,703	895,240
0.3976% INTEREST IN ADAMS STREET 2019 GLOBAL FUND, LP	FMV	1,926,455	2,627,205
1.2452% INTEREST IN WHI REAL ESTATE PARTNERS V-TE, LP	FMV	1,102,335	1,102,335
1.6633% INTEREST IN PANORAMIC CONNEXPAY EQUITY II-QP, LLC	FMV	267,505	297,793
1.7112% INTEREST IN WELLINGTON TRUST CO, NA CTF INT'L QUALITY GROWTH	FMV	19,144,725	19,146,410
1.7486339% INTEREST IN LOGISTICS CO-INVEST 2022, LP	AT COST	60,320	97,571
1.8015% INTEREST IN BIP CAPITAL VENTURE FUND IV-QP, LP	FMV	1,053,738	1,611,639
1.8670% INTEREST IN WELLINGTON TRUST CO, NA CTF INT'L QUALITY GROWTH (D)	FMV	12,660,061	12,661,175
10.43% INTEREST IN AAC INTERSTATE CENTRE EPSILON 2021, LLC	FMV	36,942	36,942
10.5879% INTEREST IN WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO	FMV	13,777,656	13,780,807
2.0939% INTEREST IN PLEXUS FUND IV-B, LP	FMV	645,551	920,792
2.5288% INTEREST IN JFL PARALLEL FUND V	FMV	677,275	1,019,418
27.433% INTEREST IN ANDALUSIAN PARTNERS, LP	FMV	3,544,298	3,560,860
3.0990% INTEREST IN WHI REAL ESTATE PARTNERS IV-TE, LP	FMV	645,310	381,435
6.3865% INTEREST IN WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO	FMV	15,617,096	15,615,282
AMG PANTHEON PE	FMV	838,848	838,841
INTEREST IN AAC INTERSTATE CENTRE EPSILON 2021 LLC	FMV	9,749,137	9,749,137
INTEREST IN ASP (FEEDER) LEADERS FUND 2020 LP	FMV	273,543	273,543
INTEREST IN KENDALL SUSTAINABLE INFRASTRUCTURE III (BLOCKER), L.P.	FMV	1,186,763	1,186,763
MONROE CAPITAL PRIVATE CREDIT (CAYMAN) FEEDER FUND IV, LP	FMV	2,998,003	2,998,003
SECURITIES HELD AT FIDELITY/NATIONAL FINANCIAL SERVICES #3104	FMV	32,341,429	32,341,429
SECURITIES HELD AT FIDELITY/NATIONAL FINANCIAL SERVICES #3105	FMV	21,492,746	21,492,746
SECURITIES HELD AT FIDELITY/NATIONAL FINANCIAL SERVICES #5377	FMV	479,645	479,645
SECURITIES HELD AT US BANK #0879	FMV	17,572,165	17,572,165
SECURITIES HELD PERSHING ADVISOR SOLUTIONS, LLC - 2018	FMV	129,850	129,850

- TIN:

TY 2023 LandEtcSchedule2

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
GREENHOUSE	118,125	11,359	106,766
GENERATOR	28,823	18,694	10,129
OFFICE BUILDING	22,875	2,201	20,674
GREENHOUSE	199,174	29,876	169,298
TRAILER	4,646	4,646	0
COOLER	9,910	5,153	4,757
CHICKEN COOP	10,929	1,639	9,290

- TIN:

TY 2023 LegalFeesSchedule

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	36,890	9,223		27,667

- TIN:

TY 2023 OtherAssetsSchedule

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ADVANCE PAYMENT - CREDIT CARD	15,536	0	0

- TIN:

TY 2023 OtherExpensesSchedule

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ADAMS STREET 2019 GLOBAL FUND, LP - CHARITABLE CONTRIBUTIONS	57	0	57
ADAMS STREET 2019 GLOBAL FUND, LP - INVESTMENT INTEREST EXPENSES	15,183	15,183	0
ADAMS STREET 2019 GLOBAL FUND, LP - NON-DEDUCTIBLE TAX EXPENSE	120	0	0
ADAMS STREET 2019 GLOBAL FUND, LP - OTHER DEDUCTIONS	60,459	60,459	0
ANDALUSIAN PARTNERS, LP - OTHER DEDUCTIONS	214,370	214,370	0
ANNUAL REPORT	202	0	202
BIP CAPITAL VENTURE FUND IV-QP, LP - INVESTMENT INTEREST EXPENSE	275	275	0
BIP CAPITAL VENTURE FUND IV-QP, LP - NON-DEDUCTIBLE TAX EXPENSE	4	0	0
BIP CAPITAL VENTURE FUND IV-QP, LP - PORTFOLIO DEDUCTIONS	24,367	24,367	0
COMPUTER	3,278	0	3,278
COUNCIL CAPITAL IV LP - NON-DEDUCTIBLE TAX EXPENSE	13	0	0
COUNCIL CAPITAL IV LP - OTHER DEDUCTION	14,854	14,854	0
FARM SUPPLIES	16,628	0	16,628
FULCRUM GROWTH FUND IV QP, LLC - OTHER DEDUCTIONS	23,313	23,313	0
JFL PARALLEL FUND V, LP - PORTFOLIO DEDUCTIONS	17,723	17,723	0
LANDSCAPING	2,762	0	2,762
MARKETING EXPENSES	155,430	0	155,430
MEMBERSHIP DUES	14,400	0	14,400
MISCELLANEOUS EXPENSES	72,989	12,044	60,944
PLEXUS FUND IV-B, LP - CHARITABLE DONATION	99	0	99
PLEXUS FUND IV-B, LP - INVESTMENT INTEREST EXPENSE	5,572	5,572	0
PLEXUS FUND IV-B, LP - NON-DEDUCTIBLE TAX EXPENSE	853	0	0
PLEXUS FUND IV-B, LP - OTHER DEDUCTIONS	7,970	7,970	0
PROPERTY INSURANCE	3,649	0	3,649
REPAIRS	6,132	0	6,132
SUPPLIES	16,406	3,856	12,550
TRAINING	83,961	41,981	41,981
TRASH DISPOSAL	4,951	0	4,951
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - DEDUCTIONS-PORTFOLIO	8,331	8,331	0
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - DEDUCTIONSPORTFOLIO	36,327	36,327	0
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - DEDUCTIONSPORTFO	3,642	3,642	0
WHI REAL ESTATE PARTNERS IV-TE, LP - INVESTMENT INTEREST EXPENSE	533	533	0
WHI REAL ESTATE PARTNERS IV-TE, LP - PORTFOLIO DEDUCTIONS	8,450	8,450	0
WHI REAL ESTATE PARTNERS V-TE, LP - INVESTMENT INTEREST EXPENSE	1,328	1,328	0
WHI REAL ESTATE PARTNERS V-TE, LP - OTHER DEDUCTIONS	20,542	20,542	0
SOFTWARE	1,484	742	742
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - OTHER DEDUCTIONS	6,018	6,018	0
ADAMS STREET 2019 GLOBAL FUND, LP - SECTION 179	12	12	0
BIP CAPITAL VENTURE FUND IV-QP, LP - SECTION 179	7	7	0
BIP CAPITAL VENTURE FUND IV-QP, LP - CHARITABLE DONATION	1	0	1
BIP CAPITAL VENTURE FUND IV-QP, LP - OTHER DEDUCTIONS	3,302	3,302	0
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - NON-DEDUCTIBLE TAX EXPENSE	116	0	0
BANK FEES	991	0	991
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH - PORTFOLIO DEDUCTIONS	6,083	6,083	0
LOGISTICS CO-INVEST 2022 - PORTFOLIO DEDUCTIONS	3,671	3,671	0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PLEXUS FUND IV-B, LP - OTHER INCOME	14	14	14
PLEXUS FUND IV-B, LP - DIVIDEND INCOME	24,591	24,591	24,591
PLEXUS FUND IV-B, LP - ORDINARY BUSINESS INCOME	34,340	34,340	34,340
PLEXUS FUND IV-B, LP - NET RENTAL REAL ESTATE INCOME	43	43	43
PLEXUS FUND IV-B, LP - LONG-TERM CAPITAL GAINS	17,060	17,060	17,060
PLEXUS FUND IV-B, LP - TAX-EXEMPT INCOME	5,260	0	5,260
WHI REAL ESTATE PARTNERS IV-TE, LP - INTEREST INCOME	31,863	31,863	31,863
WHI REAL ESTATE PARTNERS IV-TE, LP - LONG-TERM CAPITAL GAINS	-10,855	-10,855	-10,855
WHI REAL ESTATE PARTNERS V-TE, LP - INTEREST INCOME	65,885	65,885	65,885
WHI REAL ESTATE PARTNERS V-TE, LP -DIVIDEND INCOME	28,057	28,057	28,057
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - INTEREST INCOME	34,998	34,998	34,998
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - DIVIDEND INCOME	198,614	198,614	198,614
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - ST CAPITAL LOSSES	-152,285	-152,285	-152,285
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - LT CAPITAL LOSSES	-342,028	-342,028	-342,028
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - PORTFOLIO INCOME	67,583	67,583	67,583
WELLINGTON TRUST CO, NA CTF GLOBAL IMPACT PORTFOLIO - SECTION 1256 GAINS	1,459	1,459	1,459
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - INTEREST INCOME	4,728	4,728	4,728
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - DIVIDEND INCOME	293,220	293,220	293,220
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - ST CAPITAL GAINS	61,706	61,706	61,706
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - LT CAPITAL LOSSES	-372,500	-372,500	-372,500
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - PORTFOLIO LOSS	-6,752	-6,752	-6,752
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - SECTION 1256 GAIN	451	451	451
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - INTEREST INCOME	16,181	16,181	16,181
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - DIVIDEND INCOME	531,252	531,252	531,252
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - ST CAPITAL GAIN	11,906	11,906	11,906
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - LT CAPITAL LOSS	-876,430	-876,430	-876,430
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - PORTFOLIO GAIN	1,827	1,827	1,827
WELLINGTON TRUST CO, NA CTF ENDURING ASSETS PORTFOLIO - SECTION 1256 GAIN	247	247	247
JFL PARALLEL FUND V, LP - INTEREST INCOME	4,160	4,160	4,160
ADAMS STREET 2019 GLOBAL FUND, LP - INTEREST INCOME	6,515	6,515	6,515
ADAMS STREET 2019 GLOBAL FUND, LP - DIVIDEND INCOME	8,056	8,056	8,056
ADAMS STREET 2019 GLOBAL FUND, LP - ST CAPITAL GAINS	346	346	346
ADAMS STREET 2019 GLOBAL FUND, LP - LONG-TERM CAPITAL GAINS	30,605	30,605	30,605
ADAMS STREET 2019 GLOBAL FUND, LP - ORDINARY BUSINESS INCOME (LOSS)	-7,081	-7,081	-7,081
ADAMS STREET 2019 GLOBAL FUND, LP - ROYALTY INCOME	13	13	13
ADAMS STREET 2019 GLOBAL FUND, LP - OTHER INCOME	-1,331	-1,331	-1,331
BIP CAPITAL VENTURE FUND IV-QP, LP - ORDINARY BUSINESS LOSS	6,370	6,370	6,370
BIP CAPITAL VENTURE FUND IV-QP, LP - INTEREST INCOME	4	4	4
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - DIVIDEND INCOME	506,853	506,853	506,853
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - INTEREST INCOME	8,075	8,075	8,075
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - ST CAPITAL GAINS	94,981	94,981	94,981
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - LT CAPITAL LOSSES	-576,441	-576,441	-576,441
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - PORTFOLIO LOSS	-11,768	-11,768	-11,768
WELLINGTON TRUST CO, NA CTF INT QUALITY GROWTH PORTFOLIO - SECTION 1256 GAIN	812	812	812
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - ORDINARY BUSINESS LOSS	-5,883	-5,883	-5,883
PANORAMIC CONNEXPAY EQUITY II-QP, LLC - INTEREST INCOME	2,412	2,412	2,412
ADAMS STREET 2019 GLOBAL FUND, LP - NET RENTAL REAL ESTATE LOSS	-2	-2	-2
ADAMS STREET 2019 GLOBAL FUND, LP - SECTION 1231 GAIN (LOSS)	-141	-141	-141
ADAMS STREET 2019 GLOBAL FUND, LP - TAX EXEMPT INCOME	41	0	41
PLEXUS FUND IV-B, LP - SECTION 1231 GAIN (LOSS)	216	216	216
AAC INTERSTATE CENTRE EPSILON 2021 LLC -RENTAL REAL ESTATE INCOME (LOSS)	-1,485	-1,485	-1,485
AAC INTERSTATE CENTRE EPSILON 2021 LLC - ORDINARY BUSINESS INCOME (LOSS)	-3	-3	-3
AAC INTERSTATE CENTRE EPSILON 2021 LLC - SECTION 1231 GAIN (LOSS)	-13,731	-13,731	-13,731
COUNCIL CAPITAL IV LP - ORDINARY BUSINESS INCOME (LOSS)	-21	-21	-21
COUNCIL CAPITAL IV LP - INTEREST INCOME	106	106	106
FULCRUM GROWTH FUND IV QP LLC - INTEREST INCOME	249	249	249
JFL PARALLEL FUND V, LP - DIVIDEND INCOME	5,042	5,042	5,042
JFL PARALLEL FUND V, LP - PORTFOLIO INCOME	2,303	2,303	2,303
BBC INTERSTATE CENTRE CHARLIE 2022 LLC -RENTAL REAL ESTATE INCOME (LOSS)	-863	-863	-863
PLEXUS FUND IV-B, LP - INTEREST INCOME	280	280	280
LOGISTICS CO-INVEST 2022 - INTEREST INCOME	140	140	140
LOGISTICS CO-INVEST 2022 - DIVIDEND INCOME	453	453	453
LOGISTICS CO-INVEST 2022 - ST CAPITAL LOSS	-46	-46	-46
LOGISTICS CO-INVEST 2022 -ORDINARY BUSINESS LOSS	-26	-26	-26
LOGISTICS CO-INVEST 2022 - PORTFOLIO INCOME	1,459	1,459	1,459
PASS-THROUGH INVESTMENT (MARK TO MARKET) UNREALIZED GAIN	1,437,614	0	1,437,614

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Description	Beginning of Year - Book Value	End of Year - Book Value
OTHER LIABILITIES	2,379	6,241

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CONSULTING FEES	80,060	0		80,060
INVESTMENT MANAGEMENT FEES	768,514	768,514		0

- TIN:

TY 2023 TaxesSchedule

Name:

THE GAMBRELL FOUNDATION

EIN:

56-2120679

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PAYROLL TAX EXPENSE	199,077	21,164		63,493
OTHER TAXES	232,279	232,279		0