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

58-6332776
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$8,969,009J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 7,248 7,248  
4 Dividends and interest from securities... 392,547 392,547  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 487,928
b Gross sales price for all assets on line 6a 3,475,034
7 Capital gain net income (from Part IV, line 2)... 487,928
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
115 115  
12 Total. Add lines 1 through 11........ 887,838 887,838  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
57,091 57,091    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,551 2,551    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 8,397     8,397
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
53,518 5   53,513
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 125,557 59,647   61,910
25 Contributions, gifts, grants paid....... 335,000 335,000
26 Total expenses and disbursements. Add lines 24 and 25 460,557 59,647   396,910
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 427,281
b Net investment income (if negative, enter -0-) 828,191
c Adjusted net income (if negative, enter -0-)... 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.............      
2 Savings and temporary cash investments......... 138,474 544,276 544,276
3 Accounts receivable right arrow1,477
Less: allowance for doubtful accounts right arrow     1,477 1,477
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) 362,194 Click to see attachment
List of Attached Documents:
// Content
257,528 		247,974
b Investments—corporate stock (attach schedule)....... 6,901,191 Click to see attachment
List of Attached Documents:
// Content
6,863,031 		7,543,806
c Investments—corporate bonds (attach schedule)....... 218,663 Click to see attachment
List of Attached Documents:
// Content
353,816 		349,824
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 252,180 Click to see attachment
List of Attached Documents:
// Content
279,855 		281,652
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,872,702 8,299,983 8,969,009
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 7,872,702 8,299,983
29 Total net assets or fund balances (see instructions)..... 7,872,702 8,299,983
30 Total liabilities and net assets/fund balances (see instructions). 7,872,702 8,299,983
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
7,872,702
2
Enter amount from Part I, line 27a .....................
2
427,281
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
8,299,983
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,299,983
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 Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,475,034   2,987,106 487,928
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       487,928
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 487,928
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 11,512
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 11,512
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11,512
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 5,177
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,900
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,077
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 1,565
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow1,565 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowGA
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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
Alex Armknecht Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Charlotte Armknecht Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Rustin Armknecht Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Alden Brown Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jessica Brown Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Leila B Brown Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Bennett A Brown III Co-Chairman, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Bennett A Brown IV Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Brice D Dixon Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Charlotte Brown Dixon Chairman
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Layne A Dixon Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Katherine B Ohlhausen Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Marshall Ohlhausen Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Wallis Ohlhausen Jr. Board Member
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (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
Morgan Stanley Investment Mgmt 57,091
3280 PEACHTREE ROAD NE STE 2000
ATLANTA,GA30305
Foundation Source Administrative 53,483
55 Walls Drive 3rd Fl
Fairfield,CT06824
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 (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
8,330,103
b
Average of monthly cash balances.......................
1b
280,452
c
Fair market value of all other assets (see instructions)................
1c
264,167
d
Total (add lines 1a, b, and c).........................
1d
8,874,722
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
8,874,722
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
133,121
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,741,601
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
437,080
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
437,080
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
11,512
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
11,512
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
425,568
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
425,568
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
425,568
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
396,910
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
396,910
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 7 425,568
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 333,498
b Total for prior years:20 , 20, 20  
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 ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 396,910
a Applied to 2023, but not more than line 2a 333,498
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 63,412
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		362,156
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
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.... 0
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).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow 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

ATLANTA CHARITY CLAYS INC

1000 NORTHFIELD CT STE 120
ROSWELL,GA30076 		N/A PC General & Unrestricted 10,000

ATLANTA SMART ACADEMY INC

2636 MLK JR DR SW STE 14
ATLANTA,GA30311 		N/A PC Wisdom Arts Company, Inc. - The Legacy Minded Program 7,000

BROOKGREEN GARDENS

PO BOX 3368
PAWLEYS ISLAND,SC29585 		N/A PC General & Unrestricted 4,000

CIRCLES OF WEST GEORGIA INC

606 NEWMAN ST
CARROLLTON,GA30117 		N/A PC General & Unrestricted 5,000

COBB LIBRARY FOUNDATION

266 ROSWELL ST SE
MARIETTA,GA30060 		N/A PC General & Unrestricted 15,000

CREATE YOUR DREAMS INC

981 JOSEPH E LOWERY BLVD NW STE 11
ATLANTA,GA30318 		N/A PC General & Unrestricted 10,000

DRAWCHANGE INC

PO BOX 55627
ATLANTA,GA30308 		N/A PC General & Unrestricted 9,000

FAMILIES AND COMMUNITIES TOGETHER RELIEF - FACT RE

2246 ROSWELL RD
MARIETTA,GA30062 		N/A PC General & Unrestricted 15,000

FAMILY KITCHEN

PO BOX 982
BEND,OR97709 		N/A PC General & Unrestricted 5,000

FOR THE KIDS ORG

825 N 300 WEST STE C-139
SALT LAKE CTY,UT84103 		N/A PC General & Unrestricted 15,000

FOUNDATION FOR THE CAROLINAS

220 N TRYON ST
CHARLOTTE,NC28202 		N/A PC All Saints Mission in Linville, NC for Hurricane Helene relief efforts 10,000

GEORGE WEST MENTAL HEALTH FOUNDATION INC

1961 N DRUID HILLS RD NE
BROOKHAVEN,GA30329 		N/A PC Skyland Trail - For Adolescent Program Financial Aid 10,000

GIRLS ON THE RUN UTAH INC

PO BOX 58337
SALT LAKE CTY,UT84158 		N/A PC to cover Rent expenses 15,000

GOLDEN HARVEST FOOD BANK INC

3310 COMMERCE DR
AUGUSTA,GA30909 		N/A PC General & Unrestricted 6,000

GOLDEN HARVEST FOOD BANK INC

3310 COMMERCE DR
AUGUSTA,GA30909 		N/A PC Hurricane Helene relief efforts 4,000

GREENHOUSE SCHOLARS

1820 FOLSOM ST
BOULDER,CO80302 		N/A PC General & Unrestricted 10,000

HABITAT FOR HUMANITY INTERNATIONAL INC

PO BOX 85
CARROLLTON,GA30112 		N/A PC General & Unrestricted 10,000

HEART OF OREGON CORPS INC

1291 NE 5TH ST BUILDINGS A B
BEND,OR97701 		N/A PC For Youth Build 20,000

KATES CLUB INC

1190 W DRUID HILLS DR NE STE T80
ATLANTA,GA30329 		N/A PC For KC Connects 10,000

KENYA KEYS

PO BOX 2348
LAKE OSWEGO,OR97035 		N/A PC For Kenya Keys Foundation 11,000

KIPP METRO ATLANTA COLLABORATIVE INC

1050 WHITE ST SW STE C
ATLANTA,GA30310 		N/A PC for KIPP FORWARD and KIPP Literacy Program 20,000

L E A D INC

1266 W PACES FERRY RD STE 429
ATLANTA,GA30327 		N/A PC General & Unrestricted 10,000

LIGHTHOUSE FOR CHRIST MISSION

PO BOX 80410
KELLER,TX76244 		N/A PC For the Eye Clinic 5,000

NEW MINISTRIES INC

8010 E MORGAN TRL STE 7
SCOTTSDALE,AZ85258 		N/A PC General & Unrestricted 5,000

ONE TAIL AT A TIME NFP

2144 N WOOD ST
CHICAGO,IL60614 		N/A PC General & Unrestricted 5,000

PIEDMONT PARK CONSERVANCY INC

PO BOX 570355
ATLANTA,GA30357 		N/A PC Youth Environmental Education Program 5,000

RVC SEATTLE

3715 S HUDSON ST STE 103
SEATTLE,WA98118 		N/A PC AGE UP Project: All Girl Everything Ultimate Program 5,000

SISTERCARE INC

PO BOX 1029
COLUMBIA,SC29202 		N/A PC Children's Counseling Program 1,000

SPECIAL OLYMPICS GEORGIA INC

6046 FINANCIAL DR
NORCROSS,GA30071 		N/A PC General & Unrestricted 7,000

SPECIAL OPERATION CARE FUND INC

4279 ROSWELL RD STE 208 313
ATLANTA,GA30342 		N/A PC to cover expenses of Marriage counseling for one couple 24,000

UNION PRESBYTERIAN CHURCH

PO BOX 98
SALTERS,SC29590 		N/A PC For Community Outreach 5,000

UNIVERSITY OF UTAH

PO BOX 58006
SALT LAKE CITY,UT84158 		N/A PC LGBTQIA Scholarship fund and UPEA fund for 2 students 15,000

UNIVERSITY OF UTAH

PO BOX 58006
SALT LAKE CITY,UT84158 		N/A PC LGBTQIA Resource Center 1,000

UTAH DOMESTIC VIOLENCE COUNCIL

124 S 400 E STE 430
SALT LAKE CTY,UT84111 		N/A PC UDVC LINKLine 1,000

VISITING NURSE HEALTH SYSTEM INC

5775 GLENRIDGE DRIVE NE STE E 20
ATLANTA,GA30328 		N/A PC For Camp STARS 7,000

WASTELESS SOLUTIONS INC

141 EAST 5600 S
MURRAY,UT84107 		N/A PC For Salary Support & Food Rescue Program 10,000

YOUNG LIFE

PO BOX 5184
HARLAN,IA51593 		N/A PC Young Life - West Georgia Chapter 8,000
Total .................................right arrow 3a 335,000
bApproved for future payment
Total ................................. right arrow 3b  
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 7,248  
4 Dividends and interest from securities ....     14 392,547  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 487,928  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aCLASS ACTION LAWSUIT PROCEEDS 		    01 115  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   887,838  
13Total. Add line 12, columns (b), (d), and (e)..................
13
887,838
(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


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Form 990PF - Special Condition Description:
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TY 2024 DepreciationSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpBondsSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Name of Bond End of Year Book Value End of Year Fair Market Value
ACCENTURE CAPITAL INC - 4.050% 15,806 15,522
AMGEN INC - 2.450% - 02/21/203 9,035 8,840
ASTRAZENECA - 1.375% - 08/06/2 11,884 11,658
ASTRAZENECA FINANCE LLC - 4.85 9,187 9,019
AT&T - 2.250% - 02/01/2032 5,088 4,962
AT&T, INC - 1.700% - 03/25/202 18,269 18,314
BK OF AMERICA CORP - 1.658% - 17,272 17,344
BK OF AMERICA CORP MTN - 1.197 18,333 18,459
BLACKROCK INC - 1.900% - 01/28 11,218 10,956
BP CAP MKTS AMER INCSER B - 3. 6,885 6,843
BP CAPITAL MARKETS AMERICA INC 13,986 13,801
CITIGROUP INC - 2.520% - 11/03 8,569 8,338
CITIGROUP INC NOTE - 1.462% - 23,768 23,803
COMCAST COPR - 5.300% - 06/01/ 5,192 4,999
CVS HEALTH CORP - 5.400% - 06/ 8,181 8,004
EQUINOR ASA - 2.375% - 05/22/2 12,677 12,421
EQUINOR ASA - 3.125% - 04/06/2 2,818 2,765
GOLDMAN SACHS GROUP INC - 2.38 4,284 4,172
GOLDMAN SACHS GROUP INC NOTE - 18,042 18,026
GOLDMAN SACHS GROUP INC SR GLO 18,159 18,240
JP MORGAN CHASE - 1.578% - 04/ 11,471 11,518
JP MORGAN CHASE - 2.545% - 11/ 10,386 10,124
JPMORGAN CHASE &CO NT - 1.470% 11,316 11,353
ORACLE CORP - 2.950% - 04/01/2 6,429 6,323
ORACLE CORP NOTE CALL MAKE WHO 12,486 12,535
PHILP MORRIS INTL - 4.875% - 0 13,196 12,983
PHILP MORRIS INTL - 5.250% - 0 13,313 12,854
SHELL FIN US INC - 2.750% - 04 17,539 17,077
US BANCORP - 2.677% - 01/27/20 19,027 18,571

TY 2024 InvestmentsCorpStockSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Name of Stock End of Year Book Value End of Year Fair Market Value
3I GROUP PLC ADR 4,570 5,153
ABB LTD 6,170 12,407
ABBVIE INC 13,772 18,125
ACI WORLDWIDE INC 1,200 1,384
ACUSHNET HOLDINGS CORP 902 1,344
ADIDAS AG 8,092 8,421
ADIENT PLC 996 644
ADYEN N.V. 7,372 7,081
AGREE REALTY CORP 2,148 2,401
AIA GROUP LTD ADR 16,422 12,652
ALCON INC 6,455 7,697
ALFA LAVAL AB 3,648 7,600
ALIBABA GROUP HOLDING LTD 7,464 8,479
ALLEGRO MICROSYSTEMS ORD SHS 766 728
ALLIANZ SE 11,906 17,927
ALPHABET INC CL A 13,508 14,207
AMBEV SA 8,464 4,608
AMERICA MOVIL SA 7,962 7,699
AMGEN INC 12,278 10,355
AMPHENOL CORPORATION 4,420 12,779
ANALOG DEVICES INC 21,089 19,367
ANHUI CONCH CEM ADR 12,533 5,707
AON PLC CL A 6,731 14,318
APPLE HOSPITALITY REIT INC 2,159 2,226
ARCH CAPITAL GROUP LTD 11,379 23,549
ARISTA NETWORKS 3,011 10,832
ARMSTRONG WORLD INDU 3,508 7,067
ASBURY AUTOMOTIVE GR 6,655 6,959
ASE TECHNOLOGY HOLDINGS CO LTD 9,757 12,225
ASHLAND GLOBAL HOLDINGS 746 657
ASICS CORPORATION 1,396 6,143
ASM INTERNATIONAL NV 2,273 3,196
ASM PACIFIC TECH 5,750 5,023
ASML HOLDING NV NY REG SHS 11,574 10,626
ASSA ABLOY UNSP/ADR 4,787 6,387
ASSURANT INC 1,005 1,639
ASTRAZENECA 8,621 7,142
AT&T, INC 9,552 9,632
ATKORE INTERNATIONAL GROUP INC 416 1,293
ATLAS COPCO AB A SHS ADR 2,978 7,837
AVIENT 1,976 1,803
AXIS CAPITAL HOLDINGS LTD 2,114 3,346
BANCO BILBAO ARG SA 7,607 10,303
BANCO DO BRASIL S A SPONSORED 8,373 8,358
BANK NEW YORK MELLON CORP COM 9,604 9,604
BANK OF AMERICA CORP 27,527 30,369
BANK OF NT BUTTERFIELD AND SON 1,226 1,481
BANKINTER SA SP ADR 07 4,830 4,676
BB SEGURIDADE 7,775 8,958
BEACON ROOFING SUPPLY, INC 1,629 1,724
BELDEN INC 943 1,286
BERKLEY W R CP 3,787 7,842
BERRY PLASTICS GROUP INC 903 1,490
BHP BILLITON LIMITED 11,700 7,520
BIDVEST GROUP LTD (ADR) 4,329 6,006
BLACK HILLS CORP 1,764 1,519
BLACKROCK HIGH YIELD BOND PORT 345,766 316,172
BLACKROCK INC 21,467 22,955
BOYD GAMING CORP 1,116 1,368
BREAD FINANCIAL HOLDINGS 660 1,246
BROOKFIELD ASSET MANAGEMENT LT 5,622 8,670
BROWN & BROWN INC 6,006 17,343
BROWN FORMAN CORP CL B 7,964 5,697
BUREAU VERITAS SA 7,847 7,897
CACI INTL INC 1,394 1,958
CADENCE BANCORPORATION 1,238 1,942
CALAMOS MARKET NEUTRAL FD CL I 152,348 159,060
CANADIAN NATL RAILWAY CO 3,467 4,771
CAP GEMINI SA UNSP/ADR 9,686 8,147
CARLISLE COS INC 7,077 11,995
CDW CORP 7,268 10,372
CEMEX SA DE CV A ADS 7,632 7,033
CENTERSPACE 751 697
CHEMICAL AND MINING CO OF CHIL 5,781 3,121
CHENIERE ENERGY INC 7,679 8,583
CHINA CONSTRUCT UNSPON ADR 13,984 14,476
CHINA MERCHANTS BANK 10,442 11,136
CHOICE HOTELS INTERNATIONAL IN 554 690
CHUBB LIMITED 17,371 18,190
CHUGAI PHARMACEUTICAL CO., LTD 8,468 14,496
CIRRUS LOGIC INC 990 1,563
CME GROUP, INC 12,847 13,900
COLGATE-PALMOLIVE COMPANY 17,273 15,727
COLOPLAST AS ADR 5,138 4,474
COLUMBIA BANKING SYSTEM, INC 1,918 2,998
COLUMBIA SPORTSWEAR CO 626 713
COMERICA INC 1,299 1,622
COMMMUNITY HEALTHCARE TRUST 991 815
COMPAGNIE FINANCIERE RICHEMONT 8,951 10,125
COMPASS GROUP PLC ADR 6,891 10,816
CONSTELLATION ENERGY GROUP INC 9,066 7,888
CONSTELLIUM NV 1,383 658
CONTL AG SPONS ADR 3,902 3,305
COPART INC 4,026 14,175
CREDICORP LTD 4,854 6,027
CRH PLC - AMERICAN DEPOSITARY 2,641 3,173
CROCS INC 1,076 1,046
CRODA INTL 5,265 4,089
CROWN CASTLE INTL 18,681 15,429
CTRI 934 850
CULLEN FROST BANKERS INC 3,482 4,527
DAIFUKU CO LTD UNSPONSRED ADS 4,039 4,291
DASSAULT SYS SA SPN ADR 12,096 12,192
DBS GROUP HLDGS SPON ADR 11,981 26,248
DELL TECHNOLOGIES INC CLASS C 6,759 9,679
DIODES 1,810 1,577
DIPLOMA PLC 6,307 7,578
DISCO CORPORATION 8,889 9,108
DOLLAR TREE INC 13,392 9,667
DRS TECHNOLOGIES INC 1,013 1,910
DSV UNSP ADR EACH REPR 0.5 ORD 3,543 3,506
EAST WEST BANCORP, INC 1,023 2,614
EATON CORP PLC 13,217 12,056
ENGIE BRASIL ENERGIA S A 4,997 3,482
ENLINK MIDSTREAM LLC 1,163 1,339
ENN ENERGY HOLDINGS LIMITED 10,792 7,140
EPIROC AB 10,776 12,638
ESSENT GROUP LTD 1,679 2,036
EVERUS CONTRUCTION GROUP 790 1,249
EXPEDITORS INTL WASH INC 2,917 4,985
EXPERIAN GROUP LTD S/ADR 8,113 8,247
EXXON MOBIL CORP 26,361 23,665
F.N.B CORPORATION 2,189 3,104
FANUC LIMITED UNSPONSORED 7,202 6,520
FEDERATED HERMES CORPORATE BON 60,527 59,112
FEDERATED HERMES HIGH YIELD ST 11,780 11,650
FEDERATED HERMES INTERNATIONAL 23,893 22,179
FEDERATED HERMES MORTGAGE STRA 408,476 397,406
FIRST FINANCIAL BANCORP 1,350 1,711
FLEXTRONICS INTERNATIONAL 310 1,405
FLOOR AND DECOR HOLDINGS 6,118 8,381
FLOWERS FOODS INC 1,498 1,140
FOMENTO ECONOMICO MEXICANO 8,493 10,344
FREEPORT-MCMORAN COPPER & GOLD 8,297 6,397
FULLER H B CO 939 1,245
GARTNER INC 8,634 20,961
GAZPROM PJSC SPON ADR EA REP 2 5,461  
GEN DYNAMICS CP 12,893 11,709
GENMAB A/S SPON 7,707 3,944
GILDAN ACTIVEWEAR INC 7,168 8,704
GLACIER BANCORP INC 3,437 4,130
GLOBUS MEDICAL INC 1,275 1,720
GOLDMAN SACHS GROUP 28,537 32,411
GRACO INC 3,597 3,726
GREEK ORG FOOTBALL 4,433 5,017
GRIFFON CORP 1,477 1,628
GROUP 1 AUTOMOTIVE INC 898 1,947
GRUPO FIN ADR 9,872 9,662
GULFPORT ENERGY CORP 1,786 2,240
H AND E EQUIPMENT SERVICES INC 897 1,499
HAIER SMART HOME ADR 6,256 7,210
HALEON PLC 11,618 13,194
HALMA PLC ADR 5,178 6,627
HANCOCK WHITNEY CORPORATION 1,486 3,251
HANOVER INS GROUP 1,768 2,171
HDFC BANK LTD ADR 13,701 15,646
HENGAN INTL GRP ADR 13,297 5,256
HEXAGON 2,827 2,688
HIMAX TECHNOLOGIES - ADR 10,524 6,697
HOME DEPOT INC 20,547 29,000
HONEYWELL INTL 32,498 34,561
HOPE BANCORP INC 1,894 1,647
HOYA CORP SPONS ADR 6,158 7,256
HUNTSMAN CORP 746 638
ICON PLC - AMERICAN DEPOSITARY 5,847 5,168
ICU MEDICAL, INC 696 693
IMCD GROUP 7,004 7,012
INDEPENDENCE REALTY TR 2,087 2,242
INFINEON TECH ADS 13,905 14,561
INFOSYS TECH LTD SPD ADR 4,244 5,765
ING GROUP N V SPONSORED ADR 6,574 7,898
INTEGER HOLDINGS CORP 758 1,360
INTERNATIONAL SEAWAYS INC 1,391 1,023
ISHARES BARCLAYS US AGGREGATE 603,680 559,599
ISHARES S&P SMALLCAP 600 GROWT 103,523 157,571
ISHARES TR S & P MIDCAP 400 IN 73,791 132,845
ITT INC 950 3,033
J & J SNACK FOODS CORP 1,949 2,205
JAMES HARDIE IND ADR 5,434 4,313
JD.COM, INC 4,733 6,379
JOHNSON & JOHNSON 29,558 26,755
JONES LANG LASALLE INC PROP TR 318,377 295,726
JP MORGAN CHASE 31,774 37,874
KAO CORP 3,402 3,385
KASIKORNBANK PUB CO LTD ADR CM 5,875 5,699
KB HOME 915 1,657
KBC GROUP SA UNSP ADR 6,809 7,907
KBR INC 530 1,331
KIMBERLY CLARK 7,755 6,135
KIRBY CORPORATION 623 1,273
KITE RLTY GROUP TRUST 1,624 1,966
KNIFE RIVER HOLDING COMPANY 1,052 1,365
KODIAK GAS SVCS INC COM 1,423 1,385
KOMATSU LTD 4,401 6,147
KOOKMIN BANK 8,564 12,347
KT CORP ADS 6,141 6,643
L'AIR LIQUIDE ADR OTC 14,855 16,899
L'OREAL ADR 9,405 10,984
LABCORP HLDGS INC (LABORATORY 5,882 8,981
LENOVO GROUP LTD ADR 10,285 13,184
LEXINGTON REALTY TRUST 2,152 1,843
LIBERTY BROADBAND CORPORATION 9,226 8,074
LIBERTY MEDIA CORPORATION - SE 6,360 9,451
LIBERTY OILFIELD SVCS INC COM 1,298 1,411
LIFE HEALTHCARE GR UNSPON ADR 7,906 6,329
LINDE PLC COM 5,515 7,317
LITHIA MOTORS INC CL A 6,621 7,620
LONDON STK EXCHANGE GROUP 6,166 8,423
LORD ABBETT INVESTMENT TRUST S 1,083,078 1,014,618
LOUISIANA PACIFIC CP 661 2,309
M&T BANK CORP 13,173 13,922
M/I HOMES, INC 1,401 1,345
MADDEN STEVEN LTD 738 1,297
MAGNOLIA OIL + GAS CORPORATION 1,227 1,294
MANULIFE FIN CORP 10,118 16,092
MASTEC INC 858 2,677
MATADOR RESOURCES COMPANY 1,251 1,390
MCDONALD'S CORP 9,463 9,951
MDU RESOURCES GROUP 1,329 1,333
MERCADOLIBRE, INC 7,321 7,596
MERCHANTS BANCORP 699 694
MERCK & CO INC 10,539 11,440
MERIT MEDICAL SYSTEMS, INC. 626 681
MERITAGE CORPORATION 1,229 1,917
MICROCHIP TECHNOLOGY INC 6,524 5,792
MITSUI FUDOSAN CO 6,210 5,151
MIZUHO FINANCIAL GRO 9,947 11,682
MKS INSTRUMENTS, INC 7,716 7,930
MOBILE TELSYS OJSC 7,434 4,362
MOELIS AND COMPANY 4,412 7,358
MOL MAGYAR RT S/ADR 5,568 5,537
MTU AERO ENGINES 6,447 9,565
NATL HEALTH INVESTOR 1,752 1,894
NEDBANK GROUP LTD S/ADR 4,702 8,691
NESTLE S.A 11,417 10,049
NETEASE.COM INC COM STK 9,475 9,278
NEXTERA ENERGY, INC 12,296 12,259
NEXTRACKER INC 915 904
NOBLE CORPORATION 1,045 696
NOMURA RESEARCH INST LTD 5,325 5,670
NORDEA BANK ABP 4,348 3,964
NORTHROP GRUMMAN CORP 13,760 12,332
NOTORI HOLDINGS 7,710 6,476
NOVO NORDISK A S 14,003 13,247
NOVOZYMES A/S UNSP/ADR 3,641 3,861
NPXYY 7,064 6,499
OGE ENERGY CORP 2,262 2,490
OIL CO LUKOIL PJSC SPON ADR RE 17,281 1,622
OLD NATIONAL BANCORP 1,985 2,561
OXFORD INDUSTRIES 903 729
P10 INC 765 274
PACCAR INC 7,982 13,627
PATRICK IND INC 777 796
PBF ENERGY INC 910 673
PERFORMANCE FOOD GROUP COMPANY 682 1,945
PETROBRAS DISTRIBUIDORA UNSPON 6,800 4,873
PETROLEO BRASILEIRO 6,501 7,523
PIMCO SHORT TERM FUND P 396,365 393,175
PING AN INSURANCE GROUP ADR 16,574 11,500
PLYMOUTH INDUSTRIAL REIT 764 632
PRESTIGE BRAND HLGS 1,217 1,540
PROCTER GAMBLE CO 17,265 18,944
PROLOGIS 18,658 16,806
PRUDENTIAL JENNISON MLP Z 249,536 229,438
PT ASTRA INTL ADR 10,630 6,220
PT BK MANDIR PRS UNSP/ADR 4,265 7,060
PT TELEKOM. IND. TBK ADR 16,020 11,860
PUMA SE UNSPONSORED ADR 3,429 3,266
RECRUIT HOLDINGS CO 2,619 5,351
REGAL REXNORD CORP 868 1,401
RELX PLC 10,204 18,531
RENESAS ELECTRONICS CORP 3,402 3,112
RINGCENTRAL INC 760 652
RIO TINTO PLC SPONSORED ADR 6,623 7,410
ROCHE HOLDING LTD ADR 11,958 11,022
ROSS STORES, INC 11,473 19,211
RYANAIR HOLDINGS PLC-ADR COM 5,477 7,503
RYERSON INC 1,053 629
SAIA, INC 319 794
SAMPO PLC UNSPONSORED ADR 8,080 6,942
SANDY SPRING BANCORP INC 504 720
SANLAM LTD SPONSORED ADR (SOUT 6,189 8,163
SAP AKTIENGESELL ADS 11,945 22,101
SBERBANK ROSSII PAO 6,001  
SCHLUMBERGER LTD 15,427 13,304
SCHNEIDER ELEC UNSP/ADR 4,815 12,757
SELECTIVE INS GROUP INC 759 790
SEMPRA ENERGY COM 12,990 16,667
SHELL ADR EACH REPRESENTING 2 11,988 13,407
SHERWIN-WILLIAMS CO 22,349 21,843
SHIMANO INC UNSP ADR EACH REPR 3,840 3,171
SHIN-ETSU CHEMICAL C 7,003 5,716
SHINHAN FINL GROUP CO LTD 8,225 7,727
SHIONOGI & CO LTD 6,725 4,955
SIEMENS AG 8,767 8,920
SINOPHARM GROUP CO 8,046 9,010
SONOVA HOLDING AG AD 3,500 5,593
SONY GROUP CORP 10,377 12,379
SOUTHWEST GAS CP 1,981 2,150
SPDR BARCLAYS CAPITAL 1-3 MONT 3,476 3,471
STANDARD BANK GROUP SPON ADR 5,583 7,406
STARBUCKS CORP COM 9,770 9,581
STEWART INFORMATION SVCS CORP 659 674
STIFEL FINANCIAL CP 669 2,619
SUMMIT MATERIALS INC (DELISTED 1,179 2,022
SUNCOR ENERGY INC 5,384 6,958
SUZUKI MOTOR CORP UNSP ADR 5,419 5,088
SYMRISE AG UNSPONSORED 10,345 11,726
SYNNEX CORP 1,190 1,642
SYNOVUS FINL CP 1,873 3,796
SYSMEX CORP UNSP ASDR 10,516 10,225
T-MOBILE US INC 15,222 15,895
TAIWAN SEMICONDUCTOR MFG CO LT 26,780 53,125
TECHTRONIC INDS SPD ADR 12,495 11,875
TELEDYNE TECH INC 7,042 8,043
TENCENT HOLDINGS LIMITED 12,845 14,944
TEREX CORP 1,518 1,311
TERNIUM S.A. ADS 6,490 4,188
TEXAS ROADHOUSE, INC 660 674
THALES S.A. 6,241 7,028
THOR INDS INC 8,721 8,702
TIMKEN CO COM 1,459 1,300
TINGYI CAYMAN ISLANDS HLDGS CO 10,158 7,465
TOKYO ELECTRON LTD 8,084 6,508
TTM TECHNOLOGIES INC 984 1,924
UNICHARM CORP - SPN ADR 6,083 4,259
UNIFIRST CP 1,212 1,253
UNILEVER PLC AMER 26,415 27,670
UNITED TRACTORS UNSPON ADR 5,959 5,001
UNITEDHEALTH GROUP INC 15,325 19,538
UNIVERSAL MUSIC GROUP 6,046 6,903
VALE SA 9,269 6,865
VALLEY NATL BANCORP 2,576 2,709
VANGUARD FTSE DEVELOPED MARKET 181,532 222,220
VANGUARD FTSE EMERGING MARKETS 139,048 154,008
VANGUARD GROWTH ETF 444,878 806,105
VANGUARD VALUE ETF 135,281 234,650
VAT GROUP AG 3,058 2,200
VODACOM GROUP LIMITE 7,381 5,065
WASHINGTON FED INC 1,248 1,310
WATERS CORP 7,067 9,451
WEBSTER FINL CORP 1,943 2,770
WERNER ENTERPRISES INC 2,015 2,076
WESCO INTL INC 431 1,810
ZTO EXPRESS CAYMAN INC 4,650 4,692
ZURN WATER SOLUTIONS 889 1,368

TY 2024 InvestmentsGovtObligationsSch
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
US Government Securities - End of Year Book Value:

257,528
US Government Securities - End of Year Fair Market Value:

247,974
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsOtherSchedule2
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACKSTONE BCRED   279,855 281,652

TY 2024 OtherExpensesSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 53,483     53,483
Bank Charges 5 5    
State or Local Filing Fees 30     30


TY 2024 OtherIncomeSchedule2
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Class Action Lawsuit Proceeds 115 115  


TY 2024 OtherProfessionalFeesSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 57,091 57,091    


TY 2024 TaxesSchedule
Name:
The Mary Alice and Bennett Brown Foundation
 
Inc
EIN:
58-6332776
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 4,000      
Foreign Tax Paid 2,551 2,551