2024-05-09T16:32:52-05:00 2023-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2023-01-01 833069942 The Truax Family Foundation % Foundation Source TRUA 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 DOUGLAS TRUAX PRESIDENT 8008391754 2024-05-03 true DOUGLAS TRUAX 999009999 true Jeffrey D Haskell P01345770 8008391754 2023 2023-04-26 12:10:37Z X 1206893 X 30000 7046 7046 59497 59497 54456 1095024 54456 150999 120999 0 12830 12830 12566 12566 25396 12830 12566 397500 397500 422896 12830 410066 -271897 108169 414239 283927 283927 148107 148590 1059647 769955 774376 1473886 1201989 1206893 0 0 X 1473886 1201989 1473886 1201989 1473886 1201989 1473886 -271897 1201989 1201989 Publicly-traded Securities 1095024 1040568 54456 54456 54456 1504 1504 1504 968 0 968 X 0 536 false false false false false false true true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false Avy Davis Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Cameron Davis Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Douglas L Truax Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec, Treas 1.0 0 0 0 Jack Truax Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Kaitlyn Truax Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Kohl Truax Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Nicole Truax Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 1047700 207190 0 1254890 0 1254890 18823 1236067 61803 61803 1504 1504 60299 60299 60299 410066 0 0 0 0 410066 60299 2021 2020 2019 895018 126018 388386 331983 1741405 410066 60299 349767 2091172 0 2091172 895018 126018 388386 331983 349767 Douglas L Truax Nicole Truax X ADAMS COUNTY CHRISTIAN SCHOOL INCORPORATED 300 CHINQUAPIN LN NATCHEZ MS 39120 N/A PC General & Unrestricted 14000 ALTAR FLY FISHING 21W186 BRIARCLIFF RD LOMBARD IL 60148 N/A PC General & Unrestricted 35000 ALTAR FLY FISHING 21W186 BRIARCLIFF RD LOMBARD IL 60148 N/A PC Spiritual Resiliency Training for Special operation forces 7500 CARING NETWORK NFP 1200 ROOSEVELT RD STE 114 GLEN ELLYN IL 60137 N/A PC General & Unrestricted 75000 CARING NETWORK NFP 1200 ROOSEVELT RD STE 114 GLEN ELLYN IL 60137 N/A PC Capital Campaign 50000 FIRST BAPTIST CHURCH OF DOWNERS GROVE 929 MAPLE AVE DOWNERS GROVE IL 60515 N/A PC Downers Grove Christian School 10000 GRACE BIBLE CHURCH NAPLES INC PO BOX 9339 NAPLES FL 34101 N/A PC General & Unrestricted 20000 IANS PLACE FOR BEREAVED PARENTS 3516 YORK RD OAK BROOK IL 60523 N/A PC General & Unrestricted 50000 MOUNTAIN LIFE EVANGELICAL FREE CHURCH 7375 SILVER CREEK RD PARK CITY UT 84098 N/A PC General & Unrestricted 20000 THE COMPASS EVANGELICAL FREE CHURCH 2244 95TH ST STE 300 NAPERVILLE IL 60564 N/A PC General & Unrestricted 20000 TRI-STATE CHRISTIAN SCHOOL ASSOCIATION 5025 SARATOGA RD ASBURY IA 52002 N/A PC 120 new desks/other furniture and supplies 46000 TRI-STATE CHRISTIAN SCHOOL ASSOCIATION 5025 SARATOGA RD ASBURY IA 52002 N/A PC Hire Full Time Fund 50000 397500 14 7046 14 59497 18 54456 120999 120999 false false false false false false false false false false X X 1 Douglas L Truax 1901 Butterfield Rd Suite 920 Downers Grove IL 60515 30000 X ABBEY CAPITAL MULTI ASSET 207672 209857 ANGEL OAK MULTI-STRATEGY INCOM 25686 21410 CLIFFWATER CORPORATE LENDING F 346117 344102 ISHARES GOLD TR 100007 113616 NUVEEN PREFERRED SECURITIES FU 34178 29732 PALMER SQUARE INCM PLUS FD I 56295 55659 148107 148590 As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $397,500. This amount represents 25% or more of the Foundation's net assets of $1,484,228 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Administrative Fees 12541 12541 State or Local Filing Fees 25 25 Investment Management Services 12830 12830