LILLIAN S WELLS FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: LILLIAN S WELLS FOUNDATION INC (EIN 23-7433827)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-15
IRS object ID: 202303199349102545
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
General Explanation Attachment
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-15T10:08:49-06:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	592008973	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	AHEARN JASCO COMPANY PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	190 SE 19TH AVENUE	AddressLine1Txt
City	POMPANO BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	330607541	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	237433827	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LILLIAN S WELLS FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LILL	BusinessNameControlTxt
Phone	7547018508	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	600 SAGAMORE ROAD	AddressLine1Txt
City	FORT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33301	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BARBARA S WELLS	PersonNm
Person Title	OFFICER/DIRECTOR	PersonTitleTxt
Phone	9544635630	PhoneNum
Signature	2023-11-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	BARBARA	PersonFirstNm
Person Last	WELLS	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KATHERINE A BORKOWSKI CPA	PreparerPersonNm
PTIN	P01547511	PTIN
Phone	9547818800	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$37,981,367	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$94,610	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$94,610	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$593,647	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$587,819	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$2,172,043	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$11,281,028	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$2,172,043	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$1,709	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$1,709	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$2,862,009	TotalRevAndExpnssAmt
Total Net Invst Incm	$2,856,181	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$0	CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss	$6,246	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$6,246	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$0	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$8,700	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$8,700	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$0	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$223,529	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$223,529	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$0	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$116,417	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$11,711	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$361	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$300	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$0	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$355,253	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$250,486	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,060,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,060,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$3,415,253	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$250,486	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$3,060,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$553,244	ExcessRevenueOverExpensesAmt
Net Investment Income	$2,605,695	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$3,821,514	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$2,890,822	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$2,890,822	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$3,775,649	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$4,573,674	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$4,289,303	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$20,412,306	CorporateStockBOYAmt
Corporate Stock EOY	$19,969,834	CorporateStockEOYAmt
Corporate Stock EOYFMV	$26,818,461	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$1,081,994	CorporateBondsBOYAmt
Corporate Bonds EOY	$1,051,982	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$977,315	CorporateBondsEOYFMVAmt
Other Investments BOY	$2,828,451	OtherInvestmentsBOYAmt
Other Investments EOY	$2,890,968	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$2,977,646	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$38,430	OtherAssetsBOYAmt
Other Assets EOY	$27,820	OtherAssetsEOYAmt
Other Assets EOYFMV	$27,820	OtherAssetsEOYFMVAmt
Total Assets BOY	$31,958,344	TotalAssetsBOYAmt
Total Assets EOY	$31,405,100	TotalAssetsEOYAmt
Total Assets EOYFMV	$37,981,367	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$27,852,279	CapitalStockBOYAmt
Capital Stock EOY	$27,852,279	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$4,106,065	RetainedEarningBOYAmt
Retained Earning EOY	$3,552,821	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$31,958,344	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$31,405,100	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$31,958,344	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$31,405,100	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$31,958,344	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$553,244	ExcessRevenueOverExpensesAmt
Other Increases	$0	OtherIncreasesAmt
Subtotal	$31,405,100	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$31,405,100	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (20 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MORGAN STANLEY (111206) LONG TERM SALES	P	$1,715,719	$120,172	$1,595,547	$1,595,547
MORGAN STANLEY (111207) SHORT TERM SALES	P	$26,928	$27,691	-$763	-$763
MORGAN STANLEY (111207) LONG TERM SALES	P	$1,106,560	$1,134,873	-$28,313	-$28,313
MORGAN STANLEY (111208) SHORT TERM SALES	P	$242,792	$310,898	-$68,106	-$68,106
MORGAN STANLEY (111208) LONG TERM SALES	P	$755,630	$638,912	$116,718	$116,718
MORGAN STANLEY (111209) SHORT TERM SALES	P	$441,426	$740,118	-$298,692	-$298,692
MORGAN STANLEY (111209) LONG TERM SALES	P	$1,017,088	$962,129	$54,959	$54,959
MORGAN STANLEY (111211) SHORT TERM SALES	P	$24,846	$34,579	-$9,733	-$9,733
MORGAN STANLEY (111211) LONG TERM SALES	P	$230,073	$200,722	$29,351	$29,351
MORGAN STANLEY (111212) SHORT TERM SALES	P	$116,349	$133,228	-$16,879	-$16,879
MORGAN STANLEY (111212) LONG TERM SALES	P	$630,240	$490,455	$139,785	$139,785
MORGAN STANLEY (111213) SHORT TERM SALES	P	$1,165,116	$1,164,358	$758	$758
MORGAN STANLEY (111213) LONG TERM SALES	P	$1,690,148	$1,163,433	$526,715	$526,715
MORGAN STANLEY (111214) SHORT TERM SALES	P	$263,882	$383,093	-$119,211	-$119,211
MORGAN STANLEY (111214) LONG TERM SALES	P	$864,570	$699,575	$164,995	$164,995
MORGAN STANLEY (111215) SHORT TERM SALES	P	$111,884	$275,693	-$163,809	-$163,809
MORGAN STANLEY (111215) LONG TERM SALES	P	$618,749	$363,215	$255,534	$255,534
MORGAN STANLEY (111216) SHORT TERM SALES	P	$38,463	$40,823	-$2,360	-$2,360
MORGAN STANLEY (111216) LONG TERM SALES	P	$218,194	$225,018	-$6,824	-$6,824
CAPITAL GAINS DIVIDENDS	P	$2,371		$2,371	$2,371

Field	Value	IRS element (for citing)
Capital Gain Net Income	$2,172,043	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$36,219	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$36,219	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$36,219	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$73,175	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$0	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$73,175	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$36,956	OverpaymentAmt
Applied To ES Tax	$36,956	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	Yes (1)	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	FL	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	NONE	WebsiteAddressTxt
Individual With Books	J PALMIERI	IndividualWithBooksNm
Phone	7547018508	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	600 SAGAMORE ROAD	AddressLine1Txt
City	FORT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33301	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	Yes (1)	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
BARBARA S WELLS
600 SAGAMORE ROAD	FORT LAUDERDALE	FL	33301	PRESIDENT, DIRECTOR	1.00	$0	$0	$0
ELLEN MCPHERSON
10905 BURBANK DRIVE	POTOMAC	MD	20854	DIRECTOR, ASSIT TREASURER	1.00	$0	$0	$0
JAMES I ULMER
600 SAGAMORE ROAD	FORT LAUDERDALE	FL	33301	DIRECTOR, VP,	1.00	$0	$0	$0
WALTER W BELL
135 S LASALLE STREET	CHICAGO	IL	606034153	SECRETARY	1.00	$0	$0	$0
MICHAEL WEYMOUTH
600 SAGAMORE ROAD	FORT LAUDERDALE	FL	33301	TREASURER, DIRECTOR	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MORGAN STANLEY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	350 E LAS OLAS BLVD STE 1200	AddressLine1Txt
City	FORT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33301	ZIPCd

Field	Value	IRS element (for citing)
Service Type	INVESTMENT ADVISORY SERVICES	ServiceTypeTxt
Compensation	$223,529	CompensationAmt

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$36,835,623	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$1,630,764	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$38,466,387	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$38,466,387	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$576,996	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$37,889,391	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,894,470	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,894,470	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$36,219	TaxBasedOnInvestmentIncomeAmt
Total Tax	$36,219	TotalTaxAmt
Distributable Before Adj	$1,858,251	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$1,858,251	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$1,858,251	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$3,060,000	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$3,060,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,858,251	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$1,598,618	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$987,502	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$1,780,131	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$1,595,244	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$979,185	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$6,940,680	TotalExcessDistributionCyovAmt
Qualifying Distributions	$3,060,000	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$1,858,251	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,201,749	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$8,142,429	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$1,598,618	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$6,543,811	ExcessDistriCyovToNextYrAmt
Excess From Year4	$987,502	ExcessFromYear4Amt
Excess From Year3	$1,780,131	ExcessFromYear3Amt
Excess From Year2	$1,595,244	ExcessFromYear2Amt
Excess From Year1	$979,185	ExcessFromYear1Amt
Excess From Current Year	$1,201,749	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ANN & ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO
225 E CHICAGO AVE BOX 4	CHICAGO	IL	606112605	NO RELATIONSHIP	PUBLIC	LAUREN D. HOLINGER, MD PROFESSORSHIP IN PEDIATRIC OTOLARYNGOLOGY	$250,000
BROWARD PERFORMING ARTS FOUNDATION
201 SW 5TH AVENUE	FORT LAUDERDALE	FL	33312	NO RELATIONSHIP	PUBLIC	CAMPAIGN FOR PARKER PLAYHOUSE	$500,000
HERITAGE FOUNDATION
214 MASSACHUSETTS AVE	WASHINGTON	DC	20002	NO RELATIONSHIP	PUBLIC	FOR HEALTH POLICY STUDIES	$500,000
INTERCOLLEGIATE STUDIES INSTITUTE INC
3901 CENTERVILLE ROAD	WILMINGTON	DE	19807	NO RELATIONSHIP	PUBLIC	HONORS PROGRAM	$100,000
JAMES MADISON INSTITUTE
2017 DELTA BOULEVARD	TALLAHASSEE	FL	32303	NO RELATIONSHIP	PUBLIC	CIVICS EDUCATIONS STUDIES	$100,000
JUNIOR ACHIEVEMENT OF SOUTH FLORIDA
1130 COCONUT CREEK BLVD	COCONUT CREEK	FL	33066	NO RELATIONSHIP	PUBLIC	GENERAL PURPOSES	$500,000
MISS PORTER'S SCHOOL
60 MAIN STREET	FARMINGTON	CT	06032	NO RELATIONSHIP	PUBLIC	GENERAL PURPOSES	$50,000
NOVA SOUTHEASTERN UNIVERSITY
3301 COLLEGE AVENUE	FORT LAUDERDALE	FL	333147796	NO RELATIONSHIP	PUBLIC	ART MASTER TEACHER AND CURATOR OF EDUCATION ART MUSEUM	$50,000
THE LATINO STUDENT FUND
PO BOX 5403	WASHINGTON	DC	20016	NO RELATIONSHIP	PUBLIC	GENERAL PURPOSES	$10,000
UNIVERSITY OF FLORIDA FOUNDATION
P O BOX 100243	GAINSVILLE	FL	32610	NO RELATIONSHIP	PUBLIC	L.S. WELLS FUND FOR BRAIN TUMOR RESEARCH	$1,000,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,060,000	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$94,610	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$593,647	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,709	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$2,172,043	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$2,862,009	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,862,009	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (4 entries)

Line NumberLineNumberTxt	Relationship StatementRelationshipStatementTxt
3	EACH OF THE INCOME ITEMS REPORTED IN PART XV-A ARE FROM THE FOUNDATION'S INVESTMENTS. THE FOUNDATION DOES NOT PERFORM ANY OTHER INCOME PRODUCING ACTIVITIES.
8	EACH OF THE INCOME ITEMS REPORTED IN PART XV-A ARE FROM THE FOUNDATION'S INVESTMENTS. THE FOUNDATION DOES NOT PERFORM ANY OTHER INCOME PRODUCING ACTIVITIES.
7	EACH OF THE INCOME ITEMS REPORTED IN PART XV-A ARE FROM THE FOUNDATION'S INVESTMENTS. THE FOUNDATION DOES NOT PERFORM ANY OTHER INCOME PRODUCING ACTIVITIES.
4	EACH OF THE INCOME ITEMS REPORTED IN PART XV-A ARE FROM THE FOUNDATION'S INVESTMENTS. THE FOUNDATION DOES NOT PERFORM ANY OTHER INCOME PRODUCING ACTIVITIES.

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES, SEE STATEMENT ATTACHED	CategoryTxt
Amt	$8,700	Amt
Net Investment Income	$8,700	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	Medium ExplanationMediumExplanationTxt
SCHEDULE FOR FORM 990-PF, PART 1, LINES 16A, B, & C	PURSUANT TO THE INSTRUCTIONS FOR FORM 990-PF, BELOW IS A SCHEDULE FOR THE ABOVE REFERENCED LINES TO DISCLOSE THE TYPE OF SERVICE AND THE AMOUNT OF EXPENSE:LINE 16A: LEGAL FEES, SERVICES BY BELL & ANDERSON, LLC WERE FOR GENERAL LEGAL AND MANAGEMENT MATTERS. TOTAL FOR SERVICES: $6,246.LINCE 16B: ACCOUNTING FEES, SERVICES BY AHEARN JASCO + COMPANY, P.A. WERE FOR GENERAL ACCOUNTING AND TAX PREPARATION MATTERS. TOTAL FOR SERVICES: $8,700.LINCE 16C: INVESTMENT ADVISORY FEES, SERVICES BY MORGAN STANLEY, FOR MANAGEMENT OF THE FOUNDATION'S INVESTMENT PORTFOLIO WHICH INCLUDES PUBLICALLY TRADED SECURITIES. TOTAL FOR SERVICES, $223,529.
SCHEDULE FOR FORM 990-PF, PART 1, LINE 18	PURSUANT TO THE INSTRUCTIONS FOR FORM 990-PF, BELOW IS A SCHEUDLE FOR THE ABOVE REFERENCED LINE TO DISCLOSE THE TYPE AND THE AMOUNT OF TAX REPORTED:LINE 18: FOREIGN TAXES WITHHELD ON DIVIDEND PAYMENTS: $11,711.LINE 18: INCOME TAXES PAID $104,706
SCHEDULE FOR FORM 990-PF, PART II, LINES 10A, B, C & 13	PURSUANT TO THE INSTRUCTIONS FOR FORM 990-PF, FOR PART II, LINES 10A-10C AS WELL AS 13, "ATTACH A SCHEDULE THAT LISTS EACH SECURITY HELD AT THE END OF THE YEAR."ADDITIONALLY, THE TAXPAYER FIRST ACT, SECTION 3101, REQUIRES THAT RETURNS BY EXEMPT ORGANIZATIONS BE ELECTIONIALLY FILED FOR TAX YEARS BEGINNING IN 2020. THE LILLIAN S. WELLS FOUNDATION HOLDS NUMEROUS INVESTMENTS WITHIN MULTIPLE BROKERAGE ACCOUNTS. THE LISTING OF THE INDIVIDUAL INVESTMENTS ON THE FORM 990-PF WOULD CREATE AN UNDUE BURDEN. IN PRIOR YEARS, THE FOUNDATION HAS PAPERFILED THE 990-PF WITH ATTACHED APPENDICES A, B, & C WHICH WOULD LIST EACH SECURITY HELD PURSURANT TO THE INSTRUCTIONS. IN PRIOR YEARS, THE FOUNDATION HAS TRIED TO ELECTRONICALLY FILE THE TAX RETURN AS IT PROVIDED A SIMPLER WAY TO FILE; HOWEVER, THE ATTACHMENT OF THE APPENDICES WOULD NOT BE SUPPORTED BY THE COMPUTER SOFTWARE. DUE TO THE ABOVE REQUIREMENTS, EXPLANATIONS, AND LIMITATIONS, THE FOUNDATION'S APPENDICES A, B, & C WHICH LIST THE INDIVIDUAL INVESTMENTS BY ACCOUNT AND INVESTMENT TYPE IS NOT ATTACHED TO THE RETURN BUT IS AVAILABLE UPON REQUEST.

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	MORGAN STANLEY (111207) CORPORATE BONDS - SEE APPENDIX C	BondNm
EOY Book Value	$1,051,982	EOYBookValueAmt
EOYFMV	$977,315	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (9 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
MORGAN STANLEY (111206) CORPORATE STOCK - SEE APPENDIX A	$137,048	$1,835,921
MORGAN STANLEY (111208) CORPORATE STOCK - SEE APPENDIX A	$2,217,883	$3,373,199
MORGAN STANLEY (111209) CORPORATE STOCK - SEE APPENDIX A	$2,251,721	$2,445,726
MORGAN STANLEY (111210) EXCHANGE TRADED & MUTUAL FUNDS - SEE APPENDIX B	$3,171,426	$3,304,644
MORGAN STANLEY (111211) CORPORATE STOCK - SEE APPENDIX A	$798,615	$938,275
MORGAN STANLEY (111212) CORPORATE STOCK - SEE APPENDIX A	$2,165,829	$2,998,582
MORGAN STANLEY (111213) CORPORATE STOCK - SEE APPENDIX A	$4,636,367	$5,758,853
MORGAN STANLEY (111214) CORPORATE STOCK - SEE APPENDIX A	$1,980,541	$2,205,568
MORGAN STANLEY (111215) CORPORATE STOCK - SEE APPENDIX A	$2,610,404	$3,957,693

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$4,573,674	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$4,289,303	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$0	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$0	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (5 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
300 OZ GOLD	FMV	$111,960	$539,265
500.3511 OZ PLATINUM	FMV	$358,251	$505,830
MORGAN STANLEY (111207) MUTUAL FUNDS - SEE APPENDIX B	FMV	$410,335	$337,927
MORGAN STANLEY (111216) MUTUAL FUNDS - SEE APPENDIX B	FMV	$1,970,879	$1,555,081
MORGAN STANLEY (111210) MUTUAL FUNDS - SEE APPENDIX B	FMV	$39,543	$39,543

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES, SEE STATEMENT ATTACHED	CategoryTxt
Legal Fees	$6,246	LegalFeesAmt
Net Investment Income	$6,246	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
ACCRUED INTEREST RECEIVABLE	$26,411	$27,023	$27,023
DIVIDEND INCOME RECEIVABLE	$12,019	$797	$797

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
SAFE DEPOSIT BOX	$300	$300	$0
GOVERNMENTAL FEES	$61	$0	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Revenue And Expenses Per Books	$1,709	RevenueAndExpensesPerBooksAmt
Net Investment Income	$1,709	NetInvestmentIncomeAmt
Adjusted Net Income	$1,709	AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	INVESTMENT ADVISORY FEES, SEE STATEMENT ATTACHED	CategoryTxt
Amt	$223,529	Amt
Net Investment Income	$223,529	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAXES WITHHELD ON DIVIDENDS	$11,711	$11,711	$0
FEDERAL INCOME TAXES	$104,706	$0	$0