Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 08-01-2023 , and ending 07-31-2024
Name of foundation
MAUD GLOVER FOLSOM FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)7 BELDENWOOD ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SIMSBURY, CT06070
A Employer identification number

11-1965890
B Telephone number (see instructions)

(860) 729-7498
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$14,764,860J 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) 550,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 318,622 318,700  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 318,719
b Gross sales price for all assets on line 6a 10,029,735
7 Capital gain net income (from Part IV, line 2)... 236,996
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
30,875 -2,468  
12 Total. Add lines 1 through 11........ 1,218,216 553,228  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 67,500 13,500   54,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,085 0   5,085
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,641 10,660   7,293
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
106,093 79,832   26,260
17 Interest............... 3,554 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
672,335 68   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 18,483 0   18,483
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,334 0   26,323
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 937,025 104,060   137,444
25 Contributions, gifts, grants paid....... 818,000 818,000
26 Total expenses and disbursements. Add lines 24 and 25 1,755,025 104,060   955,444
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -536,809
b Net investment income (if negative, enter -0-) 449,168
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 350,878 510,176 510,176
2 Savings and temporary cash investments......... 194,148 153,751 153,751
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,960,621 Click to see attachment
List of Attached Documents:
// Content
3,650,614 		3,664,329
b Investments—corporate stock (attach schedule)....... 7,713,476 Click to see attachment
List of Attached Documents:
// Content
7,848,279 		10,436,604
c Investments—corporate bonds (attach schedule).......      
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).......... 480,506 0 0
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) 12,699,629 12,162,820 14,764,860
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........ 5,073,591 5,073,591
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 7,626,038 7,089,229
29 Total net assets or fund balances (see instructions)..... 12,699,629 12,162,820
30 Total liabilities and net assets/fund balances (see instructions). 12,699,629 12,162,820
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
12,699,629
2
Enter amount from Part I, line 27a .....................
2
-536,809
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,162,820
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,162,820
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b ENERGY TRANSFER - SALE P   2023-09-21
c CHENIERE - SALE P   2023-09-21
d MMP - SALE P   2023-09-21
e MPLX - SALE P   2023-09-21
WMP - SALE P   2023-09-21
CRESTWOOD - SALE P   2023-09-21
ENERGY TRANSFER P   2023-12-31
ENTERPRISE PRODUCT PARTNERS P   2023-12-31
PLAINS ALL AMERICAN P   2023-12-31
CRESTWOOD P   2023-11-03
MPLX P   2023-12-31
SUNOCO P   2023-12-31
WMP P   2023-12-31
(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 9,494,070   9,281,480 212,590
b 5,498   1,542 3,956
c 4,568   4,015 553
d 41,922   28,447 13,475
e 26,599   22,259 4,340
913   833 80
5,331   3,759 1,572
      -3
      -41
      585
      -124
      -13
      6
      20
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       212,590
b       3,956
c       553
d       13,475
e       4,340
      80
      1,572
      -3
      -41
      585
      -124
      -13
      6
      20
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 2 236,996
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 6,243
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 6,243
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 6,243
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 96,842
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 96,842
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 90,599
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow90,599 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY, OK
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowWILLIAM F AUSTIN Telephone no.right arrow (860) 729-7498

Located atright arrow7 BELDENWOOD ROADSIMSBURYCT ZIP+4right arrow06070
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
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 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(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
 
No
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
RICHARD DIAS SECRETARY
20.00 		22,500 0 0
7 BELDENWOOD RD
SIMSBURY,CT06070
CHARLES LEONARD PRESIDENT
20.00 		22,500 0 0
7 BELDENWOOD RD
SIMSBURY,CT06070
WILLIAM F AUSTIN TREASURER
20.00 		22,500 0 0
7 BELDENWOOD RD
SIMSBURY,CT06070
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
UBS FINANCIAL SERVICES INC INVESTMENT MANAGEMENT 73,267
600 WASHINGTON BOULEVARD 9TH FLOOR
STAMFORD,CT069013726
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
13,357,167
b
Average of monthly cash balances.......................
1b
555,372
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
13,912,539
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
13,912,539
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
208,688
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,703,851
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
685,193
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
685,193
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
6,243
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
42,718
c
Add lines 2a and 2b............................
2c
48,961
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
636,232
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
636,232
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
636,232
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
955,444
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
955,444
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 636,232
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 66,886
f Total of lines 3a through e ........ 66,886
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 955,444
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..... 636,232
e Remaining amount distributed out of corpus 319,212
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 386,098
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 ...... 		386,098
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 66,886
e Excess from 2023.... 319,212
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
WILLIAM F AUSTIN
7 BELDENWOOD RD
SIMSBURY,CT06070
(860) 729-7498
MAUGLOFOL@GMAIL.COM
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION REQUESTS THE FOLLOWING INFORMATION: APPLICANT INFORMATION, CURRENT ADDRESSES, PREVIOUS APPLICATION, IMMEDIATE FAMILY INFORMATION, EMPLOYMENT RECORD, ARREST INFORMATION, STUDENT REFERENCES, MARITAL STATUS, CLUBS AND ORGANIZATION MEMBERSHIPS, EXTRACURRICULAR ACTIVITIES, OTHER PRESENT SCHOLARSHIPS, PHOTO, GENEALOGY.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
MAXIMUM GRANT IS $30,000 PER YEAR
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
AIDAN D SMITH


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
ALEXANDER M FOSTER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
ASA N BRADLEY


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
BENJAMIN DOERINGER-SMITH


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
BENJAMIN WARNER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
LOGAN BLAIR


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 14,500
BRADEN MOORE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
BRANDON BLACK


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
BRANDON SCHNELL


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
BRENDAN R KLEINLE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
CARSON CLARK


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
CHARLIE A TROFHOLZ


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
CHASE SINGLETON


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
COOPER BECK


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
DEAN SHEPPARD


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
CLARK DEAN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
ELIAS P ROGLAND


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
ERIC M CISLIEK


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
ERIK B WAGNER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
ETHAN BUSSE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 2,500
ETHAN M MAAS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
EVAN M STURDIVANT


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
EZEKIEL J COCHRAN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
FINN MALONE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
FLORIAN COVINGTON


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
LANDEN FURR


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
GABRIEL CAMPBELL


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
DAVID GILTNER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JOHN GRAHAM


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
DAVID GRIFFITH


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
BRANDON HARRIS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 2,500
HARRISON SCHOFIELD


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
PARKER HATLEY


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
WILLIAM HELFGOTT


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
PARKER HOFFMAN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
WILLIAM HUEBNER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 5,000
HUNTER DALKE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JAKE THOMPSON


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JAKOB C FOSSEN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JOHN A BONEE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JOHN BURDETT


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 2,500
JONAH GRIESER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JOSH SALMON


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JOSHUA KULL


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JOSIAH E RICHARDS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
KAMRYN BREWER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JACOB B KELLNER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
CHRISTOPHER KEPHART


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
KEVIN PFUNDSTEIN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
KYLE A GOINS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
CHRISTIAN LAMERS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
LOGAN MAKI


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
ELIJAH LOUDENBACK


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 2,500
LUCAS MARKOVITZ


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
LUKAS WESCHE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
MANFRED KAI LECKSZAS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
MARK E HARI


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JASON A MARTIN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
MASON BUSSE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 7,000
MATTHEW FALVEY


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
MATTHIAS BORNEFF


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
MAX LAUTENSCHLAGER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
EVAN MULLIKIN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
NATE SEMLICK


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
NATHAN CHRISTNER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
NATHANIEL W CAUGHRON


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
NOAH ESPER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
JONATHAN NYMAN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 2,500
JASEN PHILLIPS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
DANIEL PURNELL


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
SALOMON RAAS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
CHRISTOPHER REIDER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
BENJAMIN RICE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 7,000
ROBERT SELLERS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 2,500
ROBERT ROONEY


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
TYLER RUGGEBERG


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
RYLEE P BUCHERT


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
SAMUEL B REES


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
SAMUEL HALL


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
SILAS PAUL


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
CALVIN L SPANBAUER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
SPENCER PAULSEN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
TEAGAN F MCCAIN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
THOMAS CARPENTER


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
STEVEN V TRAPHAGEN


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
TREVOR GOOD


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
TYLER HOVANEC


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
TYLER T PHILLIPS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
UTON DELLOSSO


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
WILLIAM TRUE


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
ZAKARY DROUKAS


C/O THE FOUNDATION 7 BELDENWOOD
ROAD
SIMSBURY,CT06070 		NONE I SCHOLARSHIP RECIPIENT 9,500
Total .................................right arrow 3a 818,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities .... 901101 112 14 318,588  
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 ............ 		901101 246,142 18 74,967  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aIRS REFUND 		    01 30,875  
bPARTNERSHIP LOSS 901101 -8,105 01 5,637  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 238,149 430,067 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
668,216
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
MAUD GLOVER FOLSOM FOUNDATION INC
 
Employer identification number

11-1965890
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
MAUD GLOVER FOLSOM FOUNDATION INC
  		Employer identification number
11-1965890
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ESTATE OF WALTER R COLYER
 
C/O JP MORGAN CHASE 270 PARK AVE
 
NEW YORK, NY100172014

$ 550,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
MAUD GLOVER FOLSOM FOUNDATION INC
  		Employer identification number

11-1965890
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
MAUD GLOVER FOLSOM FOUNDATION INC
  		Employer identification number

11-1965890
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
MAUD GLOVER FOLSOM FOUNDATION INC
EIN:
11-1965890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 30,641 10,660   7,293

TY 2023 InvestmentsCorpStockSchedule
Name:
MAUD GLOVER FOLSOM FOUNDATION INC
EIN:
11-1965890
Name of Stock End of Year Book Value End of Year Fair Market Value
ADOBE INC. (DELAWARE) 111,199 109,778
ADVANCED MICRO DEVICES INC 71,407 105,615
ALPHABET INC CL A 93,252 323,353
AMAZON.COM INC 225,630 467,263
AMERICAN TOWER CORP REIT 80,034 84,413
AMERIPRISE FINANCIAL INC 50,753 67,091
INTUIT 82,820 124,291
APPLIED MATERIALS INC 35,234 68,753
ASML HLDG NV SPON ADR 69,321 93,670
BOSTON SCIENTIFIC CORP 51,345 81,859
BROADCOM INC 150,114 221,738
CHIPOTLE MEXICAN GRILL INC 53,282 76,102
COCA COLA CO COM 30,188 80,155
DANAHER CORP 43,959 50,706
ABBOTT LABS 56,170 56,784
APPLE INC 354,832 508,341
INTUITIVE SURGICAL INC 57,005 93,368
MASTERCARD INC CL A 96,184 117,782
UNION PACIFIC CORP 81,575 91,784
TRANSDIGM GROUP INC 67,102 76,359
TJX COS INC NEW 93,118 132,346
THERMO FISHER SCIENTIFIC INC 69,269 75,441
SHERWIN WILLIAMS CO 79,412 106,643
SALESFORCE, INC. 56,850 96,791
LILLY ELI & CO 96,750 210,719
S&P GLOBAL INC 38,685 52,836
PARKER HANNIFIN CORP 82,557 123,455
PALO ALTO NETWORKS INC 23,199 49,684
O REILLY AUTOMOTIVE INC 72,283 94,613
NVIDIA CORP 258,174 289,742
MICROSOFT CORP 425,266 721,654
META PLATFORMS INC CL A 199,303 316,712
PROGRESSIVE CORP OHIO 82,942 84,577
3M CO 83,375 107,525
YUMI BRANDS INC 109,045 115,296
WELLS FARGO & CO NEW 134,028 181,402
GOLDMAN SACHS GROUP INC 148,008 214,302
FEDEX CORP 37,756 44,129
EXXON MOBIL CORP 226,316 256,510
EQUITY RESIDENTIAL SB 97,020 99,014
EMERSON ELECTRIC CO 131,402 160,909
CROWN CASTLE INC REIT 61,475 50,527
HOME DEPOT INC 104,572 110,080
CONOCOPHILLIPS 125,665 123,766
BROADCOM INC 63,850 194,423
BECTON DICKINSON & CO 94,553 92,808
ASTRAZENICA PLC SPON ADR 125,312 143,341
AMER EXPRESS CO 110,550 174,092
ABBVIE INC COM 120,050 134,728
CME GROUP INC 55,701 61,019
UNITEDHEALTH GROUP INC 114,338 124,451
JPMORGAN CHASE & CO 173,963 256,424
LOCKHEED MARTIN CORP 106,023 118,680
WALMART INC 136,824 189,652
VERIZON COMMUNICATIONS INC 96,474 92,912
UNITEDHEALTH GROUP INC 180,421 193,590
UNITED PARCEL SERVICE INC CL B 118,662 94,388
TRAVELERS COS INC/THE 99,698 114,713
SYSCO CORP 136,072 125,859
LINDE PLC NEW EUR 147,765 200,901
RTX CORP 106,009 123,834
PROCTER & GAMBLE CO 171,343 180,212
ORACLE CORP 117,810 172,081
NORFOLK STHN CORP 117,098 124,530
MORGAN STANLEY 157,082 184,230
MICROCHIP TECHNOLOGY INC 100,597 96,859
MERCK & CO INC COM 140,707 125,574
MCDONALDS CORP 122,004 118,899
PROLOGIS INC COM 100,052 106,512
VISA INC CL A 137,445 174,014

TY 2023 InvestmentsGovtObligationsSch
Name:
MAUD GLOVER FOLSOM FOUNDATION INC
EIN:
11-1965890
US Government Securities - End of Year Book Value:

3,650,614
US Government Securities - End of Year Fair Market Value:

3,664,329
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 LegalFeesSchedule
Name:
MAUD GLOVER FOLSOM FOUNDATION INC
EIN:
11-1965890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 5,085 0   5,085


TY 2023 OtherExpensesSchedule
Name:
MAUD GLOVER FOLSOM FOUNDATION INC
EIN:
11-1965890
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 2,852 0   2,852
OFFICE EXPENSES 21,717 0   21,717
BANK FEES 190 0   190
DUES & SUBSCRIPTIONS 1,564 0   1,564
STATE PENALTY 7,011 0   0


TY 2023 OtherIncomeSchedule2
Name:
MAUD GLOVER FOLSOM FOUNDATION INC
EIN:
11-1965890
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
IRS REFUND 30,875 0 30,875
PARTNERSHIP LOSS 0 -2,468 -2,468


TY 2023 OtherProfessionalFeesSchedule
Name:
MAUD GLOVER FOLSOM FOUNDATION INC
EIN:
11-1965890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 73,267 73,267   0
MANAGEMENT FEE 32,826 6,565   26,260


TY 2023 TaxesSchedule
Name:
MAUD GLOVER FOLSOM FOUNDATION INC
EIN:
11-1965890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 122,615 0   0
ESTIMATED EXCISE TAX 65,000 0   0
UBI TAX 219,007 0   0
ESTIMATED UBI TAX 131,000 0   0
STATE UBI TAX 134,645 0   0
FOREIGN TAXES 68 68   0