BETA

BAXTER FOUNDATION TR: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
BAXTER FOUNDATION TR (EIN 25-6603101)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-15
IRS object ID
202501359349104910
Schema version
2024v5.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T15:24:45-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BDO USABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11055 Washington Blvd 5th FloorAddressLine1Txt
CityStamfordCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06901ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN256603101EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Baxter FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% THE FOUNDATIONInCareOfNm
Business Name ControlBAXTBusinessNameControlTxt
Phone2032461338PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 5149AddressLine1Txt
CityWestportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP068815149ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVirginia BaxterPersonNm
Person TitleTrusteePersonTitleTxt
Phone2032461338PhoneNum
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonChristine GonzalezPreparerPersonNm
PTINP00361493PTIN
Phone2039056300PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$820,612FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,073InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,073InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$16,365DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,365DividendsNetInvstIncmAmt
Gross Sales Price$40,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$18,438TotalRevAndExpnssAmt
Total Net Invst Incm$18,438TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$3,990AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,394AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$1,596AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$327TaxesRevAndExpnssAmt
Taxes Net Invst Incm$300TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$5,519OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,173OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$346OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$9,836TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,867TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,942TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$32,112ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$32,112ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$41,948TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,867TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$34,054TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$23,510ExcessRevenueOverExpensesAmt
Net Investment Income$10,571NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$51,208CashBOYAmt
Cash EOY$67,472CashEOYAmt
Cash EOYFMV$67,472CashEOYFMVAmt
US Government Obligations BOY$38,625USGovernmentObligationsBOYAmt
US Government Obligations EOY$0USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$0USGovtObligationsEOYFMVAmt
Corporate Stock BOY$75,689CorporateStockBOYAmt
Corporate Stock EOY$75,158CorporateStockEOYAmt
Corporate Stock EOYFMV$385,667CorporateStockEOYFMVAmt
Other Investments BOY$222,161OtherInvestmentsBOYAmt
Other Investments EOY$221,543OtherInvestmentsEOYAmt
Other Investments EOYFMV$367,473OtherInvestmentsEOYFMVAmt
Total Assets BOY$387,683TotalAssetsBOYAmt
Total Assets EOY$364,173TotalAssetsEOYAmt
Total Assets EOYFMV$820,612TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$387,683RetainedEarningBOYAmt
Retained Earning EOY$364,173RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$387,683TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$364,173TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$387,683TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$364,173TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$387,683TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$23,510ExcessRevenueOverExpensesAmt
Subtotal$364,173SubtotalAmt
Tot Net Ast Or Fund Balances EOY$364,173TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$147InvestmentIncomeExciseTaxAmt
Subtotal$147SubtotalAmt
Tax Based On Investment Income$147TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$147TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCTOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1THE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2032461338PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5149AddressLine1Txt
CityWestportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP068815149ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Thomas G Baxter
PO Box 5149WestportCT068815149Trustee3.0$0$0$0
Virginia T Baxter
PO Box 5149WestportCT068815149Trustee3.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$810,651AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$66,369AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$877,020TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$877,020AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,155CashDeemedCharitableAmt
Net Vl Noncharitable Assets$863,865NetVlNoncharitableAssetsAmt
Minimum Investment Return$43,193MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$43,193MinimumInvestmentReturnAmt
Tax Based On Investment Income$147TaxBasedOnInvestmentIncomeAmt
Total Tax$147TotalTaxAmt
Distributable Before Adj$43,046DistributableBeforeAdjAmt
Distributable Before Ded$43,046DistributableBeforeDedAmt
Distributable As Adjusted$43,046DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$34,054ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$34,054QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$43,046DistributableAsAdjustedAmt
Undistributed Income PY$31,875UndistributedIncomePYAmt
Prior Year12022PriorYear1Yr
Prior Year22021PriorYear2Yr
Prior Year32020PriorYear3Yr
Qualifying Distributions$34,054QualifyingDistributionsAmt
Applied To Year1$31,875AppliedToYear1Amt
Applied To Current Year$2,179AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$40,867UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerTHOMAS G BAXTERContributingManagerNm
Contributing ManagerVIRGINIA T BAXTERContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Laces of Love
1976 Bethany PlaceNaplesFL34109TO SUPPORT ORGANIZATION'S MISSION$12,500
Malta House
139 West Rocks RoadNorwalkCT06855TO SUPPORT ORGANIZATION'S MISSION$500
Church of The Assumption
98 Riverside AveWestportCT06880TO SUPPORT ORGANIZATION'S MISSION$2,500
BC Matthew Ryan Memorial Foundation
709 Arlington DriveSeafordNY11783TO SUPPORT ORGANIZATION'S MISSION$1,000
Friends of Ambler Farm
PO Box 7442WiltonCT06897TO SUPPORT ORGANIZATION'S MISSION$1,000
Clinton VFW
465 Riverside AveWestportCT06880TO SUPPORT ORGANIZATION'S MISSION$2,000
Samaritans Purse US
PO Box 3000BooneNC28607TO SUPPORT ORGANIZATION'S MISSION$5,000
Al'S Angels
342 Greens Farms RoadWestportCT06880TO SUPPORT ORGANIZATION'S MISSION$3,262
Wreaths Across America
PO BOX 249Columbia FallsME04623TO SUPPORT ORGANIZATION'S MISSION$850
Delbarton School
230 Mendham RoadMorristownNJ07960TO SUPPORT ORGANIZATION'S MISSION$1,000
St Leo The Great Catholic Church
28290 Beaumont RoadBonita SpringsFL34134TO SUPPORT ORGANIZATION'S MISSION$1,500
Tunnels to Towers
2361 Hylan BlvdStaten IslandNY10306TO SUPPORT ORGANIZATION'S MISSION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$32,112TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,073ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16,365ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$18,438ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$18,438TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$3,990Amt
Net Investment Income$2,394NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,596DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
200 MEDTRONIC PLC$15,134$15,976
400 BRISTOL-MYERS SQUIBB CO$9,071$22,624
500 CISCO SYSTEMS INC$7,739$29,600
342 LAS VEGAS SANDS CORP COM$14,418$17,565
500 MICROSOFT CORP$13,411$210,750
475 ORACLE CORP$6,729$79,154
250 VERIZON COMMUNICATIONS INC$8,656$9,998

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$0USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$0USGovtObligationsEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (8 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
1200 ISHARES S&P 500 GRWTH ETFAT COST$21,058$121,836
438 ISHARES S&P 500 VALUE ETFAT COST$34,531$83,605
120 VANECK ETF TRUST BIOTECHAT COST$19,247$18,836
670 VANGUARD INTL EQTY INDEX EAT COST$29,621$29,507
725 VANGUARD INTL EQUITY INDEXAT COST$47,376$46,016
68 ISHARES TIPS BOND ETFAT COST$7,085$7,246
550 ISHARES CORE U.S. AGAT COST$55,477$53,295
87 ISHARES TRST 1 - 3 YR TREASAT COST$7,148$7,132

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
OFFICE EXPENSE$346$346
INVESTMENT ADVISORY FEES$5,173$5,173

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
EXCISE TAX$27
FOREIGN TAX$300$300

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