Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
THE WEGE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)99 MONROE AVE NW STE 902
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GRAND RAPIDS, MI495036210
A Employer identification number

38-6124363
B Telephone number (see instructions)

(616) 957-0480
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$331,403,098J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 628,874
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 5,398,406 5,398,406  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,451,814
b Gross sales price for all assets on line 6a 54,853,633
7 Capital gain net income (from Part IV, line 2)... 2,451,814
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,005 50,005  
12 Total. Add lines 1 through 11........ 8,529,099 7,900,225  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 631,517 157,879   473,638
14 Other employee salaries and wages...... 329,395 19,062   310,333
15 Pension plans, employee benefits....... 329,268 32,812   296,456
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
94,451 94,451   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
92,073 92,073   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,334,293 2,334,293   0
17 Interest............... 23,639 23,639   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,210,215 301,612   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
52,243 12,135  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 64,688 0   64,688
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
1,891,981 1,469,490   393,834
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,053,763 4,537,446   1,538,949
25 Contributions, gifts, grants paid....... 18,752,454 18,302,454
26 Total expenses and disbursements. Add lines 24 and 25 25,806,217 4,537,446   19,841,403
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -17,277,118
b Net investment income (if negative, enter -0-) 3,362,779
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,779,549 2,142,860 2,142,860
2 Savings and temporary cash investments......... 19,363,432 5,112,855 5,112,855
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow68,051
Less: allowance for doubtful accounts right arrow0 79,769 68,051 68,051
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 43,524,517 Click to see attachment
List of Attached Documents:
// Content
55,203,287 		51,258,046
b Investments—corporate stock (attach schedule)....... 51,961,459 Click to see attachment
List of Attached Documents:
// Content
55,383,208 		80,580,459
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 29,070,395 Click to see attachment
List of Attached Documents:
// Content
29,218,960 		37,053,525
14 Land, buildings, and equipment: basis right arrow1,217,433
Less: accumulated depreciation (attach schedule) right arrow812,186 446,354 Click to see attachment
List of Attached Documents:
// Content
405,247 		405,247
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
154,297,183 		Click to see attachment
List of Attached Documents:
// Content
143,352,153 		Click to see attachment
List of Attached Documents:
// Content
154,782,055
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 301,522,658 290,886,621 331,403,098
Liabilities 17 Accounts payable and accrued expenses.......... 568 2,494
18 Grants payable................. 14,547,048 22,683,923
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 14,547,616 22,686,417
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 2,090,645 2,090,645
28 Retained earnings, accumulated income, endowment, or other funds 284,884,397 266,109,559
29 Total net assets or fund balances (see instructions)..... 286,975,042 268,200,204
30 Total liabilities and net assets/fund balances (see instructions). 301,522,658 290,886,621
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
286,975,042
2
Enter amount from Part I, line 27a .....................
2
-17,277,118
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,136,876
4
Add lines 1, 2, and 3 ..........................
4
277,834,800
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
9,634,596
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
268,200,204
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b PUBLICLY TRADED SECURITIES      
c PARTNERSHIP K-1S      
d PETER M. WEGE TRUST K-1 D    
e PETER M. WEGE TRUST K-1 D    
SALE OF HARDING ENERGY P    
SB PARTNERS GAIN ON DISPOSITION D    
ADAMAS OPPORTUNITIES GAIN ON DSPOSITION D    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 27,047,216   28,283,861 -1,236,645
b 27,464,424   23,258,533 4,205,891
c       742,630
d       -1,401,618
e       -248,967
230,000   112,798 117,202
      5,717
      155,611
111,993     111,993
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,236,645
b       4,205,891
c       742,630
d       -1,401,618
e       -248,967
      117,202
      5,717
      155,611
      111,993
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,451,814
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 46,743
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 46,743
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 46,743
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 616,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 616,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 569,257
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow569,257 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.WEGEFOUNDATION.COM
14
The books are in care ofright arrowJAMES LOGAN Telephone no.right arrow (616) 957-0480

Located atright arrow99 MONROE AVE NW STE 902GRAND RAPIDSMI ZIP+4right arrow495036210
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
Yes
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JONATHAN M WEGE CHAIR, TRUSTEE
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
MARK VAN PUTTEN FORMER PRESIDENT, CEO
40.00 		393,387 25,925 26,337
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
DALE RIETBERG SECRETARY
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
KATHLEEN FURTADO TREASURER
40.00 		156,976 13,222 27,163
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
JOHANNA OSMAN TRUSTEE
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
CHRISTOPHER CARTER TRUSTEE
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
CAITLIN WEGE FORMER TRUSTEE
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
LAURA WEGE TRUSTEE
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
JUAN OLIVAREZ TRUSTEE
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
MARY GOODWILLIE NELSON VICE CHAIR, TRUSTEE
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
CHRISTOPHER WEGE VICE CHAIR, TRUSTEE
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
DIANA WEGE VICE CHAIR, TRUSTEE
1.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
JAMES LOGAN PRESIDENT, CEO
40.00 		81,154 3,152 2,996
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
JESSICA MCLEAR TRUSTEE
0.00 		0 0 0
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
LESLIE YOUNG PROGRAM OFFICER
40.00 		104,919 3,111 149,001
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI485036210
EMILY ALEMAN-MCALPINE PROGRAM DIRECTOR
40.00 		148,227 12,475 33,434
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI485036210
EMILY MATHEIN GRANTS & OPERATIONS
40.00 		76,249 5,995 26,458
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI485036210
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
PRIME BUCHHOLZ & ASSOCIATES INVESTMENT SERVICES 242,881
273 CORPORATE DRIVE SUITE 250
PORTSMOUTH,NH03801
VARNUM LLP LEGAL SERVICES 87,152
333 BRIDGE ST NW
GRAND RAPIDS,MI49501
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
173,848,334
b
Average of monthly cash balances.......................
1b
11,428,578
c
Fair market value of all other assets (see instructions)................
1c
164,627,171
d
Total (add lines 1a, b, and c).........................
1d
349,904,083
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
169,162
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
349,904,083
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,248,561
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
344,655,522
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
17,232,776
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
17,232,776
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
46,743
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
957
c
Add lines 2a and 2b............................
2c
47,700
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
17,185,076
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
17,185,076
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
17,185,076
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
19,841,403
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
19,841,403
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 17,185,076
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 2,874,913
b From 2018...... 6,590,787
c From 2019...... 3,126,090
d From 2020...... 3,183,727
e From 2021...... 10,959,712
f Total of lines 3a through e ........ 26,735,229
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 19,841,403
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 17,185,076
e Remaining amount distributed out of corpus 2,656,327
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 29,391,556
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		2,874,913
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		26,516,643
10 Analysis of line 9:
a Excess from 2018.... 6,590,787
b Excess from 2019.... 3,126,090
c Excess from 2020.... 3,183,727
d Excess from 2021.... 10,959,712
e Excess from 2022.... 2,656,327
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
JAMES A LOGAN
99 MONROE AVE NW STE 902
GRAND RAPIDS,MI495036210
(616) 957-0480
bThe form in which applications should be submitted and information and materials they should include:
DETAILED WRITTEN REQUEST THROUGH WEB SITE.
cAny submission deadlines:
ALL REQUESTS FOR GRANTS SHALL BE MADE BY SEPTEMBER 15 AND FEBRUARY 15 TO ALLOW TIME FOR PROPER RESEA
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

SEE ATTACHED DETAIL

SEE ATTACHED DETAIL
GRAND RAPIDS,MI49503 		NONE SEE ATTACHED SEE ATTACHED 18,302,454
Total .................................right arrow 3a 18,302,454
bApproved for future payment

SEE ATTACHED DETAIL
SEE ATTACHED DETAIL
GRAND RAPIDS,MI49503 		NONE SEE ATTACHED SEE ATTACHED 22,683,924
Total ................................. right arrow 3b 22,683,924
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 5,398,406  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     01 50,005  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,451,814  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 7,900,225 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,900,225
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
THE WEGE FOUNDATION
 
Employer identification number

38-6124363
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
THE WEGE FOUNDATION
  		Employer identification number
38-6124363
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
PETER M WEGE TRUST
 
1500 WARNER BLDG 150 OTTAWA AVE NW
 
GRAND RAPIDS, MI49503

$ 628,874


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
THE WEGE FOUNDATION
  		Employer identification number

38-6124363
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
THE WEGE FOUNDATION
  		Employer identification number

38-6124363
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 92,073 92,073   0

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TY 2022 AmortizationSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
COMPUTER SOFTWARE, QB AND ADOBE 2016-03-08 613 613 36.000000000000   0   613
BLACKBAUD SOFTWARE RENEWAL 2020-06-19 32,851 16,425 36.000000000000 10,950 0   27,375
BLACKBAUD SOFTWARE RENEWAL 2021-06-19 34,494 5,749 36.000000000000 11,498 0   17,247
BLACKBAUD SOFTWARE RENEWAL 2022-06-20 37,254   36.000000000000 6,209 0   6,209

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TY 2022 DepreciationSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
99 MONROE IMPROVEMENTS 2015-04-21 8,936 3,873 SL 15.000000000000 596 0    
3 LENOVO THINKPAD COMPUTERS 2016-01-14 6,591 6,591 200DB 5.000000000000 0 0    
LENOVO THINKPAD COMPUTER FOR JODY 2016-01-14 1,949 1,949 200DB 5.000000000000 0 0    
8 28' LED MONITORS 2016-01-14 1,760 1,760 200DB 5.000000000000 0 0    
NETWORK MERAKI ACCESS POINT WITH 3 YEAR LICENSE 2016-01-14 1,699 1,699 200DB 3.000000000000 0 0    
MERAKI ADVANCED SECURITY LICENSE 3 YEARS 2016-01-14 1,200 1,200 200DB 3.000000000000 0 0    
WARDROBE AND LEFT DESK FOR MARK AND DRAWERS FOR KATY'S STATION 2016-02-10 3,812 3,812 200DB 5.000000000000 0 0    
NEW CELL PHONES 2016-05-03 1,300 1,300 200DB 5.000000000000 0 0    
ARMS FOR MONITORS 2016-05-31 795 795 200DB 5.000000000000 0 0    
COMPUTER FOR EMILY 2016-12-01 1,627 1,627 200DB 5.000000000000 0 0    
99 MONROE IMPROVEMENTS DOWNPAYMENT 2017-01-01 16,000 4,801 SL 15.000000000000 1,067 0    
COMPUTER SOFTWARE 2010-03-18 12,996 12,996 SL 5.000000000000 0 0    
CLICK SHARE TECHNOLOGY, WIRELESS SYSTEM LABOR AND DELIVERY 2017-03-21 7,435 7,006 200DB 5.000000000000 429 0    
VIDEO CONFERENCING 2017-06-28 1,580 1,489 200DB 5.000000000000 91 0    
2 INTERN STATIONS, CEO OFFICE, NEW PROGRAM SPACE, NEW CONFERENCE ROOM 2017-05-10 22,557 21,258 200DB 5.000000000000 1,299 0    
FILM ON CONFERENCE WINDOWS 2017-10-12 3,052 915 SL 15.000000000000 203 0    
LENOVO THINKPAD CARBON 2019-09-30 2,649 1,886 200DB 5.000000000000 305 0    
99 MONROE IMPROVEMENTS 2014-12-01 664,804 315,781 SL 15.000000000000 44,320 0    
BATHROOM RUG 2014-10-17 1,060 1,060 SL 7.000000000000 0 0    
AUDIO/VIDEO 2014-11-24 3,564 3,564 SL 5.000000000000 0 0    
SCREENS 2020-08-26 2,745 1,064 200DB 7.000000000000 480 0    
FRAMING FOR ARTWORK 2014-11-25 16,005 16,005 SL 7.000000000000 0 0    
FURNITURE & FIXTURES - 99 MONROE 2014-12-01 284,245 284,245 SL 7.000000000000 0 0    
FRAMING FOR ARTWORK 2015-01-26 1,915 1,779 SL 7.000000000000 136 0    
FURNITURE & FIXTURES - 99 MONROE 2015-04-21 9,106 8,456 SL 7.000000000000 650 0    
3 LENOVO THINKPAD COMPUTERS 2021-02-13 7,936 1,587 200DB 5.000000000000 2,540 0    
LENOVO THINKPAD 2022-11-01 2,540   200DB 5.000000000000 127 0    

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TY 2022 ExpenditureResponsibilityStmt
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
NC IDEA FOUNDATION
  		320 BLACKWELL STREET STE 400
DURHAM,NC27701 		2020-12-16 100,000 NORTH CAROLINA BLACK ENTREPRENEURSHIP COUNCIL - NC BEC 100,000 NONE 7/30/2022 2022-07-30  

TY 2022 InvestmentsCorpStockSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 55,383,208 80,580,459

TY 2022 InvestmentsGovtObligationsSch
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
US Government Securities - End of Year Book Value:

55,203,287
US Government Securities - End of Year Fair Market Value:

51,258,046
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2022 InvestmentsOtherSchedule2
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ASSET BACKED SECURITIES AT COST 617,194 568,008
HEDGE FUNDS AT COST 28,601,766 36,485,517

TY 2022 LandEtcSchedule2
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
99 MONROE IMPROVEMENTS 8,936 4,469 4,467  
3 LENOVO THINKPAD COMPUTERS 6,591 6,591 0  
LENOVO THINKPAD COMPUTER FOR JODY 1,949 1,949 0  
8 28' LED MONITORS 1,760 1,760 0  
NETWORK MERAKI ACCESS POINT WITH 3 YEAR LICENSE 1,699 1,699 0  
MERAKI ADVANCED SECURITY LICENSE 3 YEARS 1,200 1,200 0  
WARDROBE AND LEFT DESK FOR MARK AND DRAWERS FOR KATY'S STATION 3,812 3,812 0  
COMPUTER SOFTWARE, QB AND ADOBE 613 613 0  
NEW CELL PHONES 1,300 1,300 0  
ARMS FOR MONITORS 795 795 0  
COMPUTER FOR EMILY 1,627 1,627 0  
99 MONROE IMPROVEMENTS DOWNPAYMENT 16,000 5,868 10,132  
COMPUTER SOFTWARE 12,996 12,996 0  
CLICK SHARE TECHNOLOGY, WIRELESS SYSTEM LABOR AND DELIVERY 7,435 7,435 0  
VIDEO CONFERENCING 1,580 1,580 0  
2 INTERN STATIONS, CEO OFFICE, NEW PROGRAM SPACE, NEW CONFERENCE ROOM 22,557 22,557 0  
FILM ON CONFERENCE WINDOWS 3,052 1,118 1,934  
LENOVO THINKPAD CARBON 2,649 2,191 458  
99 MONROE IMPROVEMENTS 664,804 360,101 304,703  
BATHROOM RUG 1,060 1,060 0  
AUDIO/VIDEO 3,564 3,564 0  
SCREENS 2,745 1,544 1,201  
BLACKBAUD SOFTWARE RENEWAL 32,851 27,375 5,476  
FRAMING FOR ARTWORK 16,005 16,005 0  
FURNITURE & FIXTURES - 99 MONROE 284,245 284,245 0  
FRAMING FOR ARTWORK 1,915 1,915 0  
FURNITURE & FIXTURES - 99 MONROE 9,106 9,106 0  
3 LENOVO THINKPAD COMPUTERS 7,936 4,127 3,809  
BLACKBAUD SOFTWARE RENEWAL 34,494 17,247 17,247  
BLACKBAUD SOFTWARE RENEWAL 37,254 6,209 31,045  
LENOVO THINKPAD 2,540 127 2,413  


TY 2022 LegalFeesSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 94,451 94,451   0


TY 2022 OtherAssetsSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
AMERICAN GENERAL LIFE INS ANUITY 1 1 129,000
CONTRACT PHARMACEUTICALS 9,265,552 9,265,552 1,523,000
FINE ART 408,360 408,360 408,360
FORTUNATE INVESTORS 1,143,886 1,120,084 1,159,295
PARTNERSHIP INTERESTS 142,871,482 132,075,944 150,830,834
SILVER COINS 566 566 566
HARDING ENERGY 112,799 0 0
WEDGE GROUP - PARTNERSHIP INTERESTS 204,537 0 0
WF - PATHFINDER LLC 290,000 290,000 290,000
BRIDGE STREET CAPITAL   191,646 441,000


TY 2022 OtherDecreasesSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Description Amount
BOOK TO TAX DIFFERENCE 9,634,596


TY 2022 OtherExpensesSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEE 114,260 0   114,260
DUES AND MEMBERSHIPS 62,861 9,429   53,432
INSURANCE 23,344 3,502   19,842
MEALS & ENTERTAINMENT 4,385 0   4,385
MEETINGS 15,697 0   15,697
OFFICE EXPENSES 214,889 32,233   182,656
PAYROLL FEES 4,191 629   3,562
PARTNERSHIP K-1S 1,423,697 1,423,697   0
AMORTIZATION 28,657 0   0


TY 2022 OtherIncomeSchedule2
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS INCOME 50,005 50,005 50,005


TY 2022 OtherIncreasesSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Description Amount
CHANGE IN GRANTS PAYABLE 8,136,876


TY 2022 OtherProfessionalFeesSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
APPRAISAL 6,500 6,500   0
PORTFOLIO EXPENSES 1,217,200 1,217,200   0
INVESTMENT FEES 1,110,593 1,110,593   0


TY 2022 ReductionExplanationStatement
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Explanation:
28,100 SHS. CONTRACT PHARMACEUTICALS LIMITED, WHICH REPRESENTS A 26.928% OF THE TOTAL 104,350 SHS. OUTSTANDING. THE FREELY TRADED VALUE PER SHARE = $60.22. 10% DISCOUNT FOR LACK OF MARKETABILITYFMV PER SHARE BASED ON LIMITATION OF IRC SEC. 4942(E)(2)(B)

TY 2022 TaxesSchedule
Name:
THE WEGE FOUNDATION
EIN:
38-6124363
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 908,603 0   0
FOREIGN TAX WITHHELD ON DIVIDENDS 240,182 240,182   0
PAYROLL TAXES 58,686 58,686   0
PROPERTY TAXES 2,744 2,744   0