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THE TIMOTHY AND SUSANNE SULLIVAN FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE TIMOTHY AND SUSANNE SULLIVAN FAMILY FOUNDATION (EIN 20-3367664)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-09
IRS object ID
202531299349100808
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)
Return2025-05-09T10:32:56-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203367664EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Timothy and Susanne Sullivan FamilyBusinessNameLine1Txt
Business Name Line2FoundationBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlTIMOBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTIMOTHY SULLIVANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8008391754PhoneNum
Signature2025-05-02SignatureDt
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 PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
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$20,863,881FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$19,801,366ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$3,962InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,962InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$209,260DividendsRevAndExpnssAmt
Dividends Net Invst Incm$209,260DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$69,787NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$21,181,419GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$19,362,855CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$20,084,375TotalRevAndExpnssAmt
Total Net Invst Incm$19,576,077TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$3,717OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,717OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$3,901TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$11,776OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$11,776OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$19,394TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,717TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$11,776TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,477,627ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,477,627ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,497,021TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,717TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,489,403TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$18,587,354ExcessRevenueOverExpensesAmt
Net Investment Income$19,572,360NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$300,237SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$54,216SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$54,216SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$385,632CorporateStockBOYAmt
Corporate Stock EOY$20,735,929CorporateStockEOYAmt
Corporate Stock EOYFMV$20,809,665CorporateStockEOYFMVAmt
Total Assets BOY$685,869TotalAssetsBOYAmt
Total Assets EOY$20,790,145TotalAssetsEOYAmt
Total Assets EOYFMV$20,863,881TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$685,869RetainedEarningBOYAmt
Retained Earning EOY$20,790,145RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$685,869TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$20,790,145TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$685,869TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$20,790,145TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$685,869TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$18,587,354ExcessRevenueOverExpensesAmt
Other Increases$1,516,922OtherIncreasesAmt
Subtotal$20,790,145SubtotalAmt
Tot Net Ast Or Fund Balances EOY$20,790,145TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$21,181,419GrossSalesPriceAmt
Cost Or Other Basis$1,818,564CostOrOtherBasisAmt
Gain Or Loss$19,362,855GainOrLossAmt
Gains Minus Excess Or Losses$19,362,855GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$19,362,855CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$272,056InvestmentIncomeExciseTaxAmt
Subtotal$272,056SubtotalAmt
Tax Based On Investment Income$272,056TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,100EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$2,100TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Tax Due$269,956TaxDueAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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
Susanne Sullivan
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, VP1.0$0$0$0
Timothy P Sullivan
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir, Sec1.0$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$6,454,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$906,191AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$7,360,191TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$7,360,191AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$110,403CashDeemedCharitableAmt
Net Vl Noncharitable Assets$7,249,788NetVlNoncharitableAssetsAmt
Minimum Investment Return$362,489MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$362,489MinimumInvestmentReturnAmt
Tax Based On Investment Income$272,056TaxBasedOnInvestmentIncomeAmt
Total Tax$272,056TotalTaxAmt
Distributable Before Adj$90,433DistributableBeforeAdjAmt
Distributable Before Ded$90,433DistributableBeforeDedAmt
Distributable As Adjusted$90,433DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,489,403ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,489,403QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$90,433DistributableAsAdjustedAmt
Prior Year12022PriorYear1Yr
Prior Year22021PriorYear2Yr
Prior Year32020PriorYear3Yr
Excess Distribution Cyov Yr5$567,077ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$245,052ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$96,454ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$908,583TotalExcessDistributionCyovAmt
Qualifying Distributions$1,489,403QualifyingDistributionsAmt
Applied To Current Year$90,433AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,398,970RemainingDistriFromCorpusAmt
Total Corpus$2,307,553TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$567,077ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,740,476ExcessDistriCyovToNextYrAmt
Excess From Year4$245,052ExcessFromYear4Amt
Excess From Year3$96,454ExcessFromYear3Amt
Excess From Current Year$1,398,970ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSusanne SullivanContributingManagerNm
Contributing ManagerTimothy P SullivanContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BIG SHOULDERS FUND
212 W VAN BUREN ST STE 900CHICAGOIL60607N/APCSullivan Fellows Program and Covered Schools$625,000
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF CHICAGO
721 N LASALLE DR 6TH FLRCHICAGOIL60654N/APCGeneral & Unrestricted$212,627
NORTHWESTERN UNIVERSITY
1201 DAVIS ST 3RD FLOOREVANSTONIL60208N/APCShapiro Hall and Shapiro Northwestern Academy$125,000
STANFORD UNIVERSITY - GSB
655 KNIGHT WAYSTANFORDCA94305N/APCYellow Ribbon Program, Ignite Program, and Deans Fund$105,000
TRUENU
2250 SOUTHWIND BLVDBARTLETTIL60103N/APCGeneral & Unrestricted$250,000
UNITED STATES NAVAL ACADEMY
USNAF GIFT PROCESSING 291 WOOD RDANNAPOLISMD21402N/APCInfluencer Program, Athletics Fund and Annual Fund$160,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,477,627TotalGrantOrContriPdDurYrAmt

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$3,962ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$209,260ExclusionAmt
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 Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$69,787ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$283,009ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$283,009TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonSullivan Timothy PContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11049 Locust RoadAddressLine1Txt
CityWilmetteCityNm
State AbbreviationILStateAbbreviationCd
ZIP60091ZIPCd
FieldValueIRS element (for citing)
Total Contributions$19,801,366TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1AON PLC CL A AON, 28505 sh.$9,995,9912024-09-10
1AON PLC CL A AON, 25000 sh.$9,805,3752024-11-27

Depreciation Schedule DepreciationSchedule

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierPart XII - Excess Grants CarryoverIdentifierTxt
Form And Line ReferencePart XII Line 3FormAndLineReferenceDesc
Medium ExplanationThe amounts of the excess grants carryover shown in Part XII, Line 3, in respect of the taxable years comprising the "adjustment period", as such term is defined in IRC Section 4942(i)(2), have been corrected in lieu of filing amended returns for such years. The Foundation would not have been subject to any penalties under IRC Section 4942 if the original returns filed for the taxable years comprising the adjustment period had reflected the corrected excess grants carryover amounts.MediumExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ISHARES S&P MIDCAP 400 BARRA V$36,634$120,586
ISHARES S&P MIDCAP 400 GROWTH$38,110$179,678
OPTION CARE HEALTH INC$1,516,922$1,322,284
VANGUARD S&P 500 ETF$161,104$207,442
WISDOMTREE FLOATING RATE TREAS$18,983,159$18,979,675

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationAs 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, 2024, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $1,477,627. This amount represents 25% or more of the Foundation's net assets of $2,850,917 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2024. 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.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$11,751$11,751
State or Local Filing Fees$25$25

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$1,516,922Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$3,717Amt
Net Investment Income$3,717NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2024$2,100
990-PF Excise Tax for 2023$1,801

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