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WILLETT FAMILY FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
WILLETT FAMILY FOUNDATION (EIN 26-2935372)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-13
IRS object ID
202621339349104932
Schema version
2025v4.1
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)
Return2026-05-13T22:06:11-04:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

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 Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN262935372EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Willett Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlWILLBusinessNameControlTxt
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)
PersonKenneth WillettPersonNm
Person TitlePresidentPersonTitleTxt
Phone8008391754PhoneNum
Signature2026-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$381,363FMVAssetsEOYAmt
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$101InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$101InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$9,744DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,744DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$11,866NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$67,882GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$11,866CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$16OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$16OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$21,727TotalRevAndExpnssAmt
Total Net Invst Incm$21,727TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$4,586OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$4,586OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$700TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$8,271OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$8,271OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$13,557TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,586TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$8,271TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$22,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$22,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$35,557TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,586TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$30,271TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$13,830ExcessRevenueOverExpensesAmt
Net Investment Income$17,141NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$3,522SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$8,960SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$8,960SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$331,478CorporateStockBOYAmt
Corporate Stock EOY$312,210CorporateStockEOYAmt
Corporate Stock EOYFMV$372,403CorporateStockEOYFMVAmt
Total Assets BOY$335,000TotalAssetsBOYAmt
Total Assets EOY$321,170TotalAssetsEOYAmt
Total Assets EOYFMV$381,363TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$335,000RetainedEarningBOYAmt
Retained Earning EOY$321,170RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$335,000TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$321,170TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$335,000TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$321,170TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$335,000TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$13,830ExcessRevenueOverExpensesAmt
Subtotal$321,170SubtotalAmt
Tot Net Ast Or Fund Balances EOY$321,170TotNetAstOrFundBalancesEOYAmt

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$67,882GrossSalesPriceAmt
Cost Or Other Basis$56,016CostOrOtherBasisAmt
Gain Or Loss$11,866GainOrLossAmt
Gains Minus Excess Or Losses$11,866GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$11,866CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$238InvestmentIncomeExciseTaxAmt
Subtotal$238SubtotalAmt
Tax Based On Investment Income$238TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$349EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$349TotalPaymentsAndCreditsAmt
Overpayment$111OverpaymentAmt
Applied To ES Tax$111AppliedToESTaxAmt
Refund$0RefundAmt

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 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 (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Catherine R Willett
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
Christopher P Willett
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
Claire E Willett
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
Colin M Willett
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
Deborah Willett
Foundation Source 501 Silverside RdWilmingtonDE198091377VP1.0$0$0$0
Kenneth G Willett
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$364,067AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,273AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$367,340TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$367,340AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,510CashDeemedCharitableAmt
Net Vl Noncharitable Assets$361,830NetVlNoncharitableAssetsAmt
Minimum Investment Return$18,092MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$18,092MinimumInvestmentReturnAmt
Tax Based On Investment Income$238TaxBasedOnInvestmentIncomeAmt
Total Tax$238TotalTaxAmt
Distributable Before Adj$17,854DistributableBeforeAdjAmt
Distributable Before Ded$17,854DistributableBeforeDedAmt
Distributable As Adjusted$17,854DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$30,271ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$30,271QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$17,854DistributableAsAdjustedAmt
Prior Year12023PriorYear1Yr
Prior Year22022PriorYear2Yr
Prior Year32021PriorYear3Yr
Excess Distribution Cyov Yr2$9,846ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$9,846TotalExcessDistributionCyovAmt
Qualifying Distributions$30,271QualifyingDistributionsAmt
Applied To Current Year$17,854AppliedToCurrentYearAmt
Remaining Distri From Corpus$12,417RemainingDistriFromCorpusAmt
Total Corpus$22,263TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$22,263ExcessDistriCyovToNextYrAmt
Excess From Year2$9,846ExcessFromYear2Amt
Excess From Current Year$12,417ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerKenneth G WillettContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PORTLAND IMMIGRANT RIGHTS COALITION
PO BOX 13434PORTLANDOR97213N/APCGeneral & Unrestricted$1,000
ST ANDREW CATHOLIC CHURCH
806 NE ALBERTA STPORTLANDOR97211N/APCGeneral & Unrestricted$15,000
ST ANDREW CATHOLIC CHURCH
806 NE ALBERTA STPORTLANDOR97211N/APCSt Vincent de Paul Emergency Services Fund$5,000
ST ANDREW CATHOLIC CHURCH
806 NE ALBERTA STPORTLANDOR97211N/APCTo support Immigrants$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$22,000TotalGrantOrContriPdDurYrAmt

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$101ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,744ExclusionAmt
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$11,866ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescCLASS ACTION LAWSUIT PROCEEDSDesc
Exclusion01ExclusionCd
Exclusion$16ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$21,727ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$21,727TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (15 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
FID SAI LONG TERM TREASURY BON$3,237$3,199
FIDELITY ADVISOR STRATEGIC INC$540$565
FIDELITY CAPITAL AND INCOME FU$433$475
FIDELITY SAI CANADA EQUITY IND$5,057$6,269
FIDELITY SAI HIGH INCOME FND$2,982$3,105
FIDELITY SAI INFLATION PROTECT$8,904$8,899
FIDELITY SAI INFLATION-FOCUSED$2,604$2,626
FIDELITY SAI LOW DURATION INCO$2,641$2,617
FIDELITY SAI REAL ESTATE FND$1,651$1,596
FIDELITY SAI ST TERM BD FND$1,743$1,749
STRATEGIC ADVISERS FID ALTERNA$2,551$2,554
STRATEGIC ADVISERS FID EMERGIN$17,578$23,632
STRATEGIC ADVISERS FID US TOTA$114,247$154,574
STRATEGIC ADVISERS FIDELITY CO$112,138$114,495
STRATEGIC ADVISERS FIDELITY IN$35,904$46,048

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$8,246$8,246
State or Local Filing Fees$25$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescClass Action Lawsuit ProceedsDesc
Revenue And Expenses Per Books$16RevenueAndExpensesPerBooksAmt
Net Investment Income$16NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$4,586Amt
Net Investment Income$4,586NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2025$300
990-PF Extension for 2024$400

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