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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
DOW COMPANY FOUNDATION
 
% DOW INC
Number and street (or P.O. box number if mail is not delivered to street address)2211 HH DOW WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIDLAND, MI48674
A Employer identification number

38-2314603
B Telephone number (see instructions)

(989) 636-8780
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$237,450,038J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,562,128 3,562,128  
4 Dividends and interest from securities... 3,810,310 3,810,310  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,425,732
b Gross sales price for all assets on line 6a 4,425,732
7 Capital gain net income (from Part IV, line 2)... 4,425,732
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).......      
12 Total. Add lines 1 through 11........ 11,798,170 11,798,170  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
367 0 0 0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest............... 175 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
114,730 0 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 115,272 0 0 0
25 Contributions, gifts, grants paid....... 21,004,785 21,004,785
26 Total expenses and disbursements. Add lines 24 and 25 21,120,057 0 0 21,004,785
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -9,321,887
b Net investment income (if negative, enter -0-) 11,798,170
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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 Savings and temporary cash investments......... 153,422,013 42,332,834 42,332,834
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 arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 71,537,360 Click to see attachment
List of Attached Documents:
// Content
195,117,204 		195,117,204
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 224,959,373 237,450,038 237,450,038
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 1,817 25,500
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 1,855,001 2,300,067
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,856,818 2,325,567
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 223,102,555 235,124,471
29 Total net assets or fund balances (see instructions)..... 223,102,555 235,124,471
30 Total liabilities and net assets/fund balances (see instructions). 224,959,373 237,450,038
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
223,102,555
2
Enter amount from Part I, line 27a .....................
2
-9,321,887
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
21,343,803
4
Add lines 1, 2, and 3 ..........................
4
235,124,471
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
235,124,471
Form 990-PF (2023)
Form 990-PF (2023)
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 NT MFB NI TREASURY MONEY MKT FUND P    
b
c
d
e
(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 4,425,732     4,425,732
b
c
d
e
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       4,425,732
b
c
d
e
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 4,425,732
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  
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) 1 163,995
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  
3 Add lines 1 and 2........................... 3 163,995
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 163,995
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 60,668
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 103,327
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 163,995
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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 2023 or the taxable year beginning in 2023? 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
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
 
No
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 arrowN/A
14
The books are in care ofright arrowDOW INC Telephone no.right arrow

Located atright arrow2211 HH DOW WAY TAX DEPTMIDLANDMI ZIP+4right arrow48674
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(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
 
 
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
3b
 
 
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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)
 
No
(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
 
 
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
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
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
REBECCA BENTLEY DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
KAREN CARTER DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48764
DON SHEETS DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48764
A SREERAM DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48764
KRISTEN BOVID EXECUTIVE DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48764
MATT METCALF DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48764
BOB PLISHKA PRESIDENT
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48764
GIDEON OSHIN TREASURER
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
ANDRE ARGENTON DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
MARCO TEN BRUGGENCATE DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
LISA BRYANT DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
MATIAS CAMPODONICO DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
JEFF TATE CHAIRMAN
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
GUS MARKIS SECRETARY
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
PUAY KOON CHIA DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
ALVEDA WILLIAMS DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
AMY WILSON DIRECTOR
1.0 		0 0 0
2211 HH DOW WAY
MIDLAND,MI48674
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
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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 arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
130,920,744
b
Average of monthly cash balances.......................
1b
70,152,214
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
201,072,958
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
201,072,958
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,016,094
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
198,056,864
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
9,902,843
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
9,902,843
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
163,995
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
163,995
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
9,738,848
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
9,738,848
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
9,738,848
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
21,004,785
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
21,004,785
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 9,738,848
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 18,877,878
b From 2019...... 16,769,410
c From 2020...... 16,106,848
d From 2021...... 11,373,395
e From 2022...... 10,927,458
f Total of lines 3a through e ........ 74,054,989
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 21,004,785
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 9,738,848
e Remaining amount distributed out of corpus 11,265,937
5 Excess distributions carryover applied to 2023.    
(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 85,320,926
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		18,877,878
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		66,443,048
10 Analysis of line 9:
a Excess from 2019.... 16,769,410
b Excess from 2020.... 16,106,848
c Excess from 2021.... 11,373,395
d Excess from 2022.... 10,927,458
e Excess from 2023.... 11,265,937
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
NONE
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.
NONE
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:
Bob Plishka
The Dow Chemical Company
Midland,MI48674
(989) 638-7251
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN REQUEST
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION STRATEGY FOCUSES ON FOUR PRIORITY AREAS: ADVANCING SUSTAINABLE SOLUTIONS, BUILDING INCLUSIVE COMMUNITIES, DEVELOPING TOMORROW'S INNOVATORS, AND COLLABORATING WITH COMMUNITIES.
Form 990-PF (2023)
Form 990-PF (2023)
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

BRAZOSPORT COLLEGE FOUNDATION

500 COLLEGE DR
LAKE JACKSON,TX775663136 		NONE PC HIGHER EDUCATION 25,000

AMERICAN HEART ASSOCIATION

7272 GRENVILLE AVE
DALLAS,TX752315129 		NONE PC COMMUNITY WELLBEING 10,000

SAGINAW VALLEY STATE

7400 BAY ROAD
UNIVERSITY CENTER,MI487100001 		NONE PC COMMUNITY WELLBEING 85,000

MIDLAND CENTER FOR THE ARTS

1801 W ST ANDREWS RD
MIDLAND,MI486402656 		NONE PC COMMUNITY WELLBEING 2,250,000

UNITED WAY OF BAY COUNTY

909 WASHINGTON AVE STE 2
BAY CITY,MI487085722 		NONE PC COMMUNITY WELLBEING 115,000

CAPITAL AREA UNITED WAY

700 LAUREL ST
BATON ROUGE,LA708025634 		NONE PC COMMUNITY WELLBEING 150,000

CHIPPEWA NATURE CENTER INC

400 S BADOUR RD
MIDLAND,MI486408660 		NONE PC COMMUNITY WELLBEING 10,000

PARISH OF ST CHARLES

15045 RIVER RD
HAHNVILLE,LA700572182 		NONE PC COMMUNITY WELLBEING 35,000

PARISH OF WEST BATON ROUGE

880 NORTH ALEXANDER AVENUE
PORT ALLEN,LA707672327 		NONE PC COMMUNITY WELLBEING 23,000

SOUTHERN UNIVERSITY SYSTEM

J S CLARK ADMIN BLDG
BATON ROUGE,LA708130001 		NONE PC HIGHER EDUCATION 52,800

WEST BATON ROUGE SCHOOL BOARD

3761 ROSEDALE RD
PORT ALLEN,LA707674305 		NONE PC EDUCATION 32,400

SPECIAL OLYMPICS LOUISIANA INC

1000 E MORRIS AVE
HAMMOND,LA704034456 		NONE PC COMMUNITY WELLBEING 5,000

UNITED WAY OF BRAZORIA COUNTY

4005 TECHNOLOGY RD STE 1020
ANGLETON,TX775152536 		NONE PC COMMUNITY WELLBEING 215,000

COMMUNITY FOUNDATION OF

104 W MYRTLE STE 204
ANGLETON,TX775154481 		NONE PC COMMUNITY WELLBEING 15,000

BAY AREA COMMUNITY FOUNDATION

1000 ADAMS ST STE 200
BAY CITY,MI487085812 		NONE PC COMMUNITY WELLBEING 25,000

CATALYST INC

120 WALL ST 15TH FL
NEW YORK,NY100053905 		NONE PC COMMUNITY WELLBEING 250,000

LA PORTE EDUCATION FOUNDATION

1002 SAN JACINTO ST
LA PORTE,TX775715461 		NONE PC COMMUNITY WELLBEING 5,000

BATON ROUGE GREEN ASSOCIATION

439 NORTH 11TH ST
BATON ROUGE,LA708024608 		NONE PC COMMUNITY WELLBEING 20,000

PAINCOURTVILLE VOLUNTEER FIRE

6074 HWY 1
PAINCOURTVILLE,LA703910001 		NONE PC COMMUNITY WELLBEING 1,000

CONGRESSIONAL BLACK CAUCUS

1720 MASSACHUSETTS AVE NW
WASHINGTON,DC200361903 		NONE PC COMMUNITY WELLBEING 200,000

YMCA OF THE CAPITAL AREA

350 S FOSTER DR
BATON ROUGE,LA708064105 		NONE PC COMMUNITY WELLBEING 7,000

BRAZOSPORT INDEPENDENT SCHOOL

301 W BRAZOSWOOD DR
CLUTE,TX775313520 		NONE PC EDUCATION K-12 59,965

SAGINAW COMMUNITY FOUNDATION

1 TUSCOLA STE 100
SAGINAW,MI486071287 		NONE PC COMMUNITY WELLBEING 120,000

ANGLETON INDEPENDENT SCHOOL

1900 N DOWNING RD
ANGLETON,TX775153706 		NONE PC EDUCATION K-12 8,350

IBERVILLE PARISH SCHOOL BOARD

58030 PLAQUEMINE STREET
PLAQUEMINE,LA707650001 		NONE PC EDUCATION K-12 22,500

HABITAT FOR HUMANITY OF GREATER

5500 FLORIDA BLVD STE 200
BATON ROUGE,LA708064133 		NONE PC COMMUNITY WELLBEING 5,000

DOW MS150 TEAM

342 TIMBERCREEK
LAKE JACKSON,TX775664925 		NONE PC COMMUNITY WELLBEING 2,500

KEEP BRAZORIA COUNTY BEAUTIFUL

132 CLOVER ST
LAKE JACKSON,TX775664606 		NONE PC COMMUNITY WELLBEING 5,000

CLAY CENTER FOR THE ARTS &

1 CLAY SQ
CHARLESTON,WV253012424 		NONE PC COMMUNITY WELLBEING 7,500

THE EXTENSION INC

1507 CHURCH STREET EXT NE
MARIETTA,GA300601023 		NONE PC COMMUNITY WELLBEING 5,000

UNITED WAY OF CENTRAL WEST

1 UNITED WAY SQ
CHARLESTON,WV253011000 		NONE PC COMMUNITY WELLBEING 29,500

MUST MINISTRIES INC

1407 COBB PKY N
MARIETTA,GA300622425 		NONE PC COMMUNITY WELLBEING 5,000

HOSPICE OF SOUTH TEXAS INC

605 E LOCUST AVE
VICTORIA,TX779013933 		NONE PC COMMUNITY WELLBEING 25,000

STEPHEN F AUSTIN COMMUNITY HEALTH

1612 CALLAWAY DR
ALVIN,TX775113743 		NONE PC COMMUNITY WELLBEING 40,000

NATIONAL YOUTH SCIENCE FOUNDATION

1 CLAY SQ
CHARLESTON,WV253012424 		NONE PC COMMUNITY WELLBEING 5,000

UNITED WAY OF CALHOUN COUNTY

311 N VIRGINIA ST
PORT LAVACA,TX779793432 		NONE PC COMMUNITY WELLBEING 20,000

BRAZOSPORT CARES INC

916 N GULF BLVD
FREEPORT,TX775413908 		NONE PC COMMUNITY WELLBEING 105,000

UNITED WAY OF ST CHARLES

13207 RIVER RD
LULING,LA700704168 		NONE PC COMMUNITY WELLBEING 55,000

ST CHARLES PARISH

13855 RIVER RD
LULING,LA700706220 		NONE PC COMMUNITY WELLBEING 98,000

WEST VIRGINIA LAND TRUST

1045 BRIDGE RD
CHARLESTON,WV253141330 		NONE PC COMMUNITY WELLBEING 5,000

SAGINAW FUTURE INC

515 N WASHINGTON AVE 3RD FL
SAGINAW,MI486071385 		NONE PC COMMUNITY WELLBEING 25,000

AMERICAN CANCER SOCIETY

1480 W CENTER RD STE 1
KENNESAW,GA301445882 		NONE PC COMMUNITY WELLBEING 1,000

THE VICTORIA COLLEGE

2200 E RED RIVER
VICTORIA,TX779010001 		NONE PC HIGHER EDUCATION 5,000

UNITED WAY OF SAGINAW COUNTY

100 S JEFFERSON AVE FL3
SAGINAW,MI486071274 		NONE PC COMMUNITY WELLBEING 110,000

DEVEREUX FOUNDATION

1291 STANLEY RD NW
KENNESAW,GA301524359 		NONE PC COMMUNITY WELLBEING 2,000

CHARITIES AID FOUNDATION

225 REINEKERS LN STE 375
ALEXANDRIA,VA223142848 		NONE PC COMMUNITY WELLBEING 2,007,862

WEST VIRGINIA UNIVERSITY

1 WATERFRONT RD 7TH FL
MORGANTOWN,WV265071650 		NONE PC HIGHER EDUCATION 10,000

YMCA OF SAGINAW

1915 FORDNEY ST
SAGINAW,MI486012809 		NONE PC COMMUNITY WELLBEING 45,000

MIDLAND AREA COMMUNITY

76 ASHMAN CIR
MIDLAND,MI486404626 		NONE PC COMMUNITY WELLBEING 358,000

SAGINAW BASIN LAND CONSERVANCY

1008 N JONHNSON ST
BAY CITY,MI487086252 		NONE PC COMMUNITY WELLBEING 25,000

HABITAT FOR HUMANITY OF BUCKS

31 OAK AVE 100
CHALFONT,PA189142812 		NONE PC COMMUNITY WELLBEING 12,000

ILLINOIS CHEMICAL EDUCATION

1400 E TOUHY AVE STE 110
DES PLAINES,IL600183338 		NONE PC COMMUNITY WELLBEING 4,000

GREAT LAKES BAY FOUNDATION

117 S MAIN ST STE 3
FREELAND,MI486238935 		NONE PC COMMUNITY WELLBEING 155,000

UNITED WAY OF GREATER

1301 HANNAH AVE
KNOXVILLE,TN379216330 		NONE PC COMMUNITY WELLBEING 24,000

HABITAT FOR HUMANITY OF

815 COURT ST
CHARLESTON,WV253011048 		NONE PC COMMUNITY WELLBEING 5,000

THE CONSERVATION FUND

721 WASHINGTON AVE STE 315
BAY CITY,MI487085724 		NONE PC COMMUNITY WELLBEING 100,000

SOCIETY OF HISPANIC

13181 CROSSROADS PKWY N
CITY OF INDUSTRY,CA917463501 		NONE PC COMMUNITY WELLBEING 45,000

THE EDUCATION ALLIANCE BUS

803 QUARRIER ST STE 500
CHARLESTON,WV253313071 		NONE PC COMMUNITY WELLBEING 5,000

THE FRANKLIN INSTITUTE

222 N 20TH ST
PHILADELPHIA,PA191031115 		NONE PC COMMUNITY WELLBEING 15,000

UNITED WAY OF BUCKS COUNTY

413 HOOD BLVD
FAIRLESS HILLS,PA190302901 		NONE PC COMMUNITY WELLBEING 30,000

UNITED WAY OF GREATER MCHENRY

4508 PRIME PKWY
MCHENRY,IL600507004 		NONE PC COMMUNITY WELLBEING 5,000

VILLAGE OF RINGWOOD

6000 BARNARD MILL RD
RINGWOOD,IL600729636 		NONE PC COMMUNITY WELLBEING 8,000

NATIONAL INVENTORS HALL OF

3701 HIGHLAND PARK NW
NORTH CANTON,OH447204535 		NONE PC COMMUNITY WELLBEING 5,000

KANAWHA COUNTY PUBLIC SCHOOLS

200 ELIZABETH ST
CHARLESTON,WV253112119 		NONE PC EDUCATION K-12 8,000

KNOXVILLE BOTANICAL GARDENS AND

2743 WIMPOLE AVE
KNOXVILLE,TN379145958 		NONE PC COMMUNITY WELLBEING 24,000

GIRL SCOUTS OF SAN JACINTO

3110 SW FWY
HOUSTON,TX770984508 		NONE PC COMMUNITY WELLBEING 7,500

UNITED WAY OF GREATER HOUSTON

50 WAUGH DR
HOUSTON,TX770075813 		NONE PC COMMUNITY WELLBEING 10,000

GMZ EDUCATION AND DEVELOPMENT

6437 FM 521
BRAZORIA,TX774226766 		NONE PC COMMUNITY WELLBEING 3,480

JUNIOR ACHIEVEMENT OF

1401 W MUHAMMAD ALI BLVD
LOUISVILLE,KY402031745 		NONE PC COMMUNITY WELLBEING 5,000

LASALLE UNIVERSITY

1900 W OLNEY AVE
PHILADELPHIA,PA191411199 		NONE PC HIGHER EDUCATION 20,000

FIRST OF THE GREAT LAKES BAY

2900 DAUER ST
MIDLAND,MI486405048 		NONE PC COMMUNITY WELLBEING 40,000

EAST TENNESSEE CHILDRENS

2018 W CLINCH AVE
KNOXVILLE,TN379012301 		NONE PC COMMUNITY WELLBEING 4,000

UNITED WAY GALVESTON COUNTY

922 14TH ST NORTH
TEXAS CITY,TX775908910 		NONE PC COMMUNITY WELLBEING 5,000

TEXAS CITY FOUNDATION FOR THE

1700 9TH AVE N
TEXAS CITY,TX775905470 		NONE PC COMMUNITY WELLBEING 5,000

GREATER MIDLAND COMMUNITY

2205 JEFFERSON AVE
MIDLAND,MI486405679 		NONE PC COMMUNITY WELLBEING 3,225,000

THE FOUNDATION FOR THOMAS

4605 MACCORKLE AVE SW
SOUTH CHARLESTON,WV253091311 		NONE PC COMMUNITY WELLBEING 10,000

HERITAGE CONSERVANCY HC

85 OLD DUBLIN PIKE
DOYLESTOWN,PA189012468 		NONE PC COMMUNITY WELLBEING 10,000

HABITAT FOR HUMANITY OF

1620 BANK ST
LOUISVILLE,KY402031314 		NONE PC COMMUNITY WELLBEING 10,000

AMERICAN CHEMICAL SOCIETY

4210 LINDEN DR
MIDLAND,MI486402640 		NONE PC COMMUNITY WELLBEING 10,000

ORANGE COUNTY CLERK

123 S 6TH STREET
ORANGE,TX776306302 		NONE PC COMMUNITY WELLBEING 5,500

REGENT OF THE UNIVERSITY OF

1600 HURON PARKWAY 2ND FLOOR
ANN ARBOR,MI481092590 		NONE PC HIGHER EDUCATION 1,483,333

SCOTLANDVILLE MAGNET HIGH

9870 SCOTLAND AVE
BATON ROUGE,LA708073999 		NONE PC COMMUNITY WELLBEING 7,200

WREATHS ACROSS AMERICA

4 POINT ST
COLUMBIA,ME046235305 		NONE PC COMMUNITY WELLBEING 3,000

DEER PARK EDUCATION

2800 TEXAS AVE
DEER PARK,TX775364797 		NONE PC COMMUNITY WELLBEING 2,400

NATIONAL MULTIPLE SCLEROSIS

733 3RD AVE FL 3
NEW YORK,NY100173211 		NONE PC COMMUNITY WELLBEING 5,000

UNITED WAY OF GREATER

1709 BENJAMIN FRANKLIN PKY
PHILADELPHIA,PA191031206 		NONE PC COMMUNITY WELLBEING 10,000

LAMAR UNIVERSITY

4400 MARTIN LUTHER KING PKWY
BEAUMONT,TX777050001 		NONE PC HIGHER EDUCATION 5,500

AMERICAN NATIONAL RED CROSS

431 18TH ST NW
WASHINGTON,DC200065310 		NONE PC COMMUNITY WELLBEING 10,000

SAN ANTONIO BAY PARTNERSHIP

405 W POWER AVE
VICTORIA,TX779016441 		NONE PC COMMUNITY WELLBEING 5,000

NEIGHBORS HELPING NEIGHBORS

4920 FOUNTAIN LN
MCCULLOM LAKE,IL600502410 		NONE PC COMMUNITY WELLBEING 1,000

PERKIOMEN WATERSHED

1 SKIPPACK PIKE
SCHWENKVILLE,PA194732828 		NONE PC COMMUNITY WELLBEING 10,000

LCTCS FOUNDATION

265 S FOSTER DR
BATON ROUGE,LA708064104 		NONE PC COMMUNITY WELLBEING 10,000

CALIFORNIA INSTITUTE OF TECHNO

1200 E CALIFORNIA BLVD
PASADENA,CA911258400 		NONE PC COMMUNITY WELLBEING 2,000,000

JUNIOR ACHIEVEMENT OF SE TEXAS

2115 E GOVERNORS CIR
HOUSTON,TX770928711 		NONE PC COMMUNITY WELLBEING 12,500

WARRIORS WEEKEND

3603 MIORI LN
VICTORIA,TX779013692 		NONE PC COMMUNITY WELLBEING 5,000

LOUISIANA FOUNDATION FOR

1 AMERICAN PL STE 2040
BATON ROUGE,LA708250001 		NONE PC COMMUNITY WELLBEING 150,000

PRAIRIE VIEW A&M FOUNDATION

6436 FANNIN ST RM 112
HOUSTON,TX770301520 		NONE PC COMMUNITY WELLBEING 110,000

ADVOCATES FOR BARTOWS

49 MONROE XING SE
CARTERVILLE,GA301206602 		NONE PC COMMUNITY WELLBEING 1,000

MARTIN LUTHER KING JR CELEB

205 ROSEMARY LN
LAKE JACKSON,TX775664553 		NONE PC COMMUNITY WELLBEING 9,500

ATTIC YOUTH CENTER

255 SOUTH 16TH STREET
PHILADELPHIA,PA191023303 		NONE PC COMMUNITY WELLBEING 10,000

INTERFAITH FOOD BANK INC

1 WESLEY DRIVE
CLUTE,TX775313742 		NONE PC COMMUNITY WELLBEING 2,500

SANTA'S HELPERS OF WEST

2944 MAIN ST
PORT ALLEN,LA707674020 		NONE PC COMMUNITY WELLBEING 1,000

BRAZOSPORT ISD

301 WEST BRAZOSWOOD DR
FREEPORT,TX775415659 		NONE PC COMMUNITY WELLBEING 45,175

UNITED WAY OF THE CROSSROADS INC

104 S WILLIAM ST
VICTORIA,TX779018129 		NONE PC COMMUNITY WELLBEING 10,500

CITY OF SOUTH CHARLESTON

238 4TH AVE
SOUTH CHARLESTON,WV253031539 		NONE PC COMMUNITY WELLBEING 10,000

BRAZORIA COUNTY FAT STOCK

901 DOWNING RD
ANGLETON,TX775158121 		NONE PC COMMUNITY WELLBEING 2,500

ANGLETON ISD EDUCATION

1900 N DOWNING RD
ANGLETON,TX775153706 		NONE PC COMMUNITY WELLBEING 10,000

DANBURY ISD EUDUCATION

5611 PANTHER DR
DANBURY,TX775344102 		NONE PC COMMUNITY WELLBEING 5,000

CARROLL COUNTY PUBLIC LIBRARY

136 COURT ST
CARROLLTON,KY410081011 		NONE PC COMMUNITY WELLBEING 5,000

FIRST LOUISIANA-MISSISSIPPI

3421 N CAUSEWAY BLVD
METAIRIE,LA700023748 		NONE PC COMMUNITY WELLBEING 16,000

MICHIGAN COUNCIL OF WOMEN IN

1 TOWNE SQ STE 690
SOUTHFIELD,MI480763710 		NONE PC COMMUNITY WELLBEING 30,000

BOYS & GIRLS CLUBS OF THE

967 IRWIN ST
KNOXVILLE,TN379170001 		NONE PC COMMUNITY WELLBEING 11,000

HARDIN COUNTY SCHOOLS

65 W A JENKINS RD
ELIZABETHTOWN,KY427018452 		NONE PC EDUCATION K-12 6,500

TEAM RUBICON

6171 W CENTURY BLVD 310
LOS ANGELES,CA900455300 		NONE PC COMMUNITY WELLBEING 105,000

KNOCK KNOCK CHILDRENS

1900 DALRYMPLE DR
BATON ROUGE,LA708082024 		NONE PC COMMUNITY WELLBEING 20,000

DAILY BREAD COMMUNITY FOOD

3938 RIDGE PIKE
COLLEGEVILLE,PA194263159 		NONE PC COMMUNITY WELLBEING 10,000

ELK GROVE UNITED PRESBYTERIAN

600 E ELK GROVE BLVD
ELK GROVE VILLAGE,IL600074473 		NONE PC COMMUNITY WELLBEING 2,000

DELAWARE VALLEY SCIENCE FAIRS

690 STOCKTON DR STE 105
EXTON,PA193411154 		NONE PC COMMUNITY WELLBEING 20,000

PACK SHACK NORTHWEST ARKANSAS

1091 E LOWELL AVE
CAVE SPRINGS,AR727188414 		NONE PC COMMUNITY WELLBEING 17,500

CITY OF SAGINAW SCHOOL DISTRICT

550 MILLARD ST
SAGINAW,MI486071140 		NONE PC EDUCATION K-12 5,000

NEW BIRTH CHURCH OF LOUISVILLE

3301 LINDA LN
LOUISVILLE,KY402112024 		NONE PC COMMUNITY WELLBEING 1,500

ORANGE CHRISTIAN SERVICES

2518 W PARK AVE
ORANGE,TX776303100 		NONE PC COMMUNITY WELLBEING 5,000

UNITED WAY OF ORANGE COUNTY

1506 W PARK AVE
ORANGE,TX776304953 		NONE PC COMMUNITY WELLBEING 70,000

LUTCHER THEATER INC

707 MAIN AVE
ORANGE,TX776305700 		NONE PC COMMUNITY WELLBEING 10,000

WEST ORANGE-COVE CONSOLIDATED

505 15TH ST
ORANGE,TX776305068 		NONE PC COMMUNITY WELLBEING 2,500

ORANGEFIELD INDEPENDENT

1 FOOD FOR LIFE WAY
ORANGEFIELD,TX776390228 		NONE PC COMMUNITY WELLBEING 2,500

CITY OF ORANGE

1407 COBB PKY N
ORANGE,TX776305615 		NONE PC COMMUNITY WELLBEING 25,000

GOOD360

803 GREEN AVE
ALEXANDRIA,VA223141939 		NONE PC COMMUNITY WELLBEING 30,000

JUNIOR ACHIEVEMENT OF SOUTHEASTERN

675 N WASHINGTON ST STE 330
WAYNE,PA190871710 		NONE PC COMMUNITY WELLBEING 10,000

MITZVAH CIRCLE FOUNDATION

993 OLD EAGLE SCHOOL RD
LANSDALE,PA194466087 		NONE PC COMMUNITY WELLBEING 10,000

ELIZABETHTOWN INDEPENDENT

2525 LONG MEADOW RD
ELIZABETHTOWN,KY427011511 		NONE PC COMMUNITY WELLBEING 8,270

LAKE ALLATOONA ASSOCIATION INC

219 HELM ST
ACWORTH,GA301017635 		NONE PC COMMUNITY WELLBEING 1,000

ST JOHNS CHURCH

3667 AUTUMN VIEW DR NW
PLAQUEMINE,LA707642531 		NONE PC COMMUNITY WELLBEING 3,000

COLLEGE POSSIBLE

57805 MAIN ST
SAINT PAUL,MN551041753 		NONE PC HIGHER EDUCATION 5,000

FOR INSPIRATION AND RECOGNITIO

540 FAIRVIEW AVE N
MANCHESTER,NH031011132 		NONE PC COMMUNITY WELLBEING 504,000

FLORIDA AGRICULTURAL AND MECHANICAL

200 BEDFORD ST
TALLAHASSEE,FL323084933 		NONE PC COMMUNITY WELLBEING 110,000

UNITED WAY OF MIDLAND COUNTY

625 E TENNESSEE ST STE 100
MIDLAND,MI486404229 		NONE PC COMMUNITY WELLBEING 655,000

MIDLAND BUSINESS ALLIANCE

115 JEROME ST
MIDLAND,MI486406599 		NONE PC COMMUNITY WELLBEING 120,000

LITTLE CYPRESS MAURICEVILLE

300 RODD ST STE 101
ORANGE,TX776323723 		NONE PC COMMUNITY WELLBEING 4,300

LEADERSHIP WEST VIRGINIA INC

6586 FM 1130
CHARLESTON,WV253112115 		NONE PC COMMUNITY WELLBEING 5,000

THE GREATER BATON ROUGE ECONOMIC

1624 KANAWHA BLVD E
BATON ROUGE,LA708011812 		NONE PC COMMUNITY WELLBEING 2,500

A NIGHT IN THE SPOTLIGHT INC

564 LAUREL ST
FREEPORT,TX775413875 		NONE PC COMMUNITY WELLBEING 1,000

MYMICHIGAN HEALTH FOUNDATION

224 MYSTERY HARBOR LN
MIDLAND,MI486702000 		NONE PC COMMUNITY WELLBEING 1,330,000

ORANGE COUNTY DISASTER

4000 WELLNESS DR
ORANGE,TX776306302 		NONE PC COMMUNITY WELLBEING 3,000

DENHAM SPRINGS HIGH SCHOOL

123 6TH ST
DEHAM SPRINGS,LA707262408 		NONE PC EDUCATION K-12 7,000

BIG BROTHERS BIG SISTERS

1000 N RANGE AVE
FORT WAYNE,IN468072172 		NONE PC COMMUNITY WELLBEING 10,000

DIRECT RELIEF

1005 WEST RUDISILL BLVD
SANTA BARBARA,CA931173265 		NONE PC COMMUNITY WELLBEING 100,000

PHILADELPHIA FOUNDATION

6100 WALLACE BECKNELL RD
PHILADELPHIA,PA191032909 		NONE PC COMMUNITY WELLBEING 5,000

LIFE LEARNING COMMUNITY CENTER

1835 MARKET ST STE 2410
MARIETTA,GA300622308 		NONE PC COMMUNITY WELLBEING 2,500

THE NATIONAL WORLD

1083 ALLGOOD RD
NEW ORLEANS,LA701303813 		NONE PC COMMUNITY WELLBEING 10,000

INTEGRATE FOR GOOD INC

945 MAGAZINE ST
CREAMERY,PA194309900 		NONE PC COMMUNITY WELLBEING 10,000

FOUNDATION FOR OHIO RIVER

1117 BRIDGE RD
CINCINNATI,OH452307112 		NONE PC COMMUNITY WELLBEING 5,000

DARE TO CARE INC

5735 KELLOGG AVE
LOUISVILLE,KY402281051 		NONE PC COMMUNITY WELLBEING 6,000

LOUISVILLE REGIONAL SCIENCE &

5803 FERN VALLEY RD
LOUISVILLE,KY402071147 		NONE PC COMMUNITY WELLBEING 1,000

CHRISTMAS GALA

2312 MOHICAN HILL CT
BRISTOL,PA190075328 		NONE PC COMMUNITY WELLBEING 15,000

BAY VETERANS FOUNDATION

1228 RADCLIFFE ST
BAY CITY,MI487085925 		NONE PC COMMUNITY WELLBEING 15,000

FORT SANDERS FOUNDATION

1009 N MADISON
KNOXVILLE,TN379321960 		NONE PC COMMUNITY WELLBEING 3,000

MANN ON MAIN STREET

1420 CENTERPOINT BLVD BLDG C
LANSDALE,PA194462906 		NONE PC COMMUNITY WELLBEING 10,000

JUNIOR ACHIEVEMENT OF NORTH

606 E MAIN ST
MIDLAND,MI486405254 		NONE PC COMMUNITY WELLBEING 10,000

HOWARD UNIVERSITY

309 E INDIAN ST
WASHINGTON,DC200014012 		NONE PC HIGHER EDUCATION 110,000

TEMPLEARTS

2244 10TH ST NW
SAGINAW,MI486024763 		NONE PC COMMUNITY WELLBEING 475,000

MICHIGAN HEALTH IMPROVEMENT

1126 N MICHIGAN AVE
FREELAND,MI486230100 		NONE PC COMMUNITY WELLBEING 200,000

HELPING ON PURPOSE

11475A FM 1442
ORANGE,TX776305227 		NONE PC COMMUNITY WELLBEING 5,000

ACCESS

11475A FM 1442
DEARBORN,MI481201556 		NONE PC COMMUNITY WELLBEING 35,000

GIRL SCOUTS OF KENTUCKIANA INC

2651 SAULINO CT
LOUISVILLE,KY402062816 		NONE PC COMMUNITY WELLBEING 3,000

IRON BELLE TRAIL FUND

2115 LEXINGTON RD
LANSING,MI489064436 		NONE PC COMMUNITY WELLBEING 250,000

ORANGE COUNTY SPECIAL

1213 CENTER ST STE D
ORANGE,TX776306320 		NONE PC COMMUNITY WELLBEING 5,000

BRAZORIA COUNTY

702 W DIVISION AVE
ANGLETON,TX775154642 		NONE PC COMMUNITY WELLBEING 10,000

EXPLORATION GREEN CONSERVANCY

111 E LOCUST ST
HOUSTON,TX770622323 		NONE PC COMMUNITY WELLBEING 1,000

CROSSROADS BUSINESS AND

14823 TUMBLING FALLS CT
VICTORIA,TX779014497 		NONE PC COMMUNITY WELLBEING 4,500

CRADLES TO CRAYONS INC

3404 N BEN WILSON ST
NEWTON,MA024602013 		NONE PC COMMUNITY WELLBEING 10,000

VARIETY THE CHILDRENS CHARITY OF

281 NEWTONVILLE AVE
WORCESTER,PA194900609 		NONE PC COMMUNITY WELLBEING 10,000

STABLE-SPIRIT

2950 POTSHOP ROAD
VIDOR,TX776629478 		NONE PC COMMUNITY WELLBEING 2,000

CARING FOR FRIENDS

295 FLAMINGO ST
PHILADELPHIA,PA191541204 		NONE PC COMMUNITY WELLBEING 10,000

MULTI-CULTURAL FESTIVAL OF WV INC

12271 TOWNSEND RD
CHARLESTON,WV253012711 		NONE PC COMMUNITY WELLBEING 7,500

BAY CITY IN BLOOM

707 VIRGINIA ST E STE 400
KAWKAWLIN,MI486319452 		NONE PC COMMUNITY WELLBEING 40,000

SOUTHWESTERN JEFFERSON CO CON

1319 BRISSETTE BEACH RD
HANOVER,IN472439309 		NONE PC COMMUNITY WELLBEING 11,610

EDUCATIONAL EXCELLENCE FOUNDATION

239 S MAIN CROSS ST
WARSAW,KY410959375 		NONE PC COMMUNITY WELLBEING 13,975

COMMUNITY MENTAL HEALTH

75 BOARDWALK
LAWRENCEBURG,IN470251096 		NONE PC COMMUNITY WELLBEING 6,000

GRAYSON YOUTH GUIDANCE FOUNDATION

285 BIELBY RD
LEITCHFIELD,KY427547340 		NONE PC COMMUNITY WELLBEING 5,000

LIDE WHITE MEMORIAL BOYS

34 VINCENT WAY
MADISON,IN472502198 		NONE PC COMMUNITY WELLBEING 10,000

HEALING HOUSE

1551 MSH NORTH GATE RD
CHARLESTON,WV253021951 		NONE PC COMMUNITY WELLBEING 2,500

THE FOUNDATION FOR

503 GRANT ST
GREENSBORO,NC274110003 		NONE PC COMMUNITY WELLBEING 110,000

ONETEN COALITION INC

200 N BENBOW RD
MONTCLAIR,NJ070422709 		NONE PC COMMUNITY WELLBEING 1,500,000

CAMP RAINBOW INC

28 VALLEY RD STE 1
SCHWENKSVILLE,PA194730000 		NONE PC COMMUNITY WELLBEING 5,000

BRADLEY PUBLIC LIBRARY DISTRICT

989 CLEMMERS MILL RD
BRADLEY,IL609151700 		NONE PC COMMUNITY WELLBEING 1,000

LINCOLN MUSEUM INC

296 N FULTON AVE
HODGENVILLE,KY427481551 		NONE PC COMMUNITY WELLBEING 6,495

FRIENDS OF THE HARDIN COUNTY

66 LINCOLN SQ
ELIZABETHTOWN,KY427014100 		NONE PC COMMUNITY WELLBEING 5,000

AMERICAN CAVE CONSERVATION

100 JIM OWEN DR
HORSE CAVE,KY427491112 		NONE PC COMMUNITY WELLBEING 5,000

KENTUCKY COMMUNITY & TECHNICAL

119 EAST MAIN STREET
VERSAILLES,KY403831245 		NONE PC COMMUNITY WELLBEING 12,235

ORION COMMUNITIES INC

300 N MAIN ST
PHOENIXVILLE,PA194605445 		NONE PC COMMUNITY WELLBEING 10,000

DISTRICT 2S4 LIONS CHARITIES

237 BRIDGE ST
MANVEL,TX775784914 		NONE PC COMMUNITY WELLBEING 20,000

BURLINGTON CITY PUBLIC

7926 JORDAN RD PO BOX 2149
BURLINGTON,NJ080164512 		NONE PC COMMUNITY WELLBEING 10,000

PENNSYLVANIA RESOURCES COUNCIL

518 LOCUST AVENUE
PITTSBURGH,PA152331617 		NONE PC COMMUNITY WELLBEING 10,000

THE BEAUMONT CHILDRENS MUSEUM

828 W NORTH AVE
BEAUMONT,TX777013318 		NONE PC COMMUNITY WELLBEING 3,000

LITTLE CYPRESS-MAURICEVILLE CISD

701 MAIN ST
ORANGE,TX776323723 		NONE PC COMMUNITY WELLBEING 2,500

INNOVATION IMPACT LAB

6586 FM 1130
HOUSTON,TX770453505 		NONE PC COMMUNITY WELLBEING 10,000

TRUSTEES OF PURDUE UNIVERSITY

4003 TIDEWATER DR
MADISON,IN472507595 		NONE PC HIGHER EDUCATION 8,415

BRSTEM INSTITUTE

1437 W 500 N
ZACHARY,LA707912972 		NONE PC COMMUNITY WELLBEING 10,000

ANTI-DEFAMATION LEAGUE

3614 HOLLY ST
NEW YORK,NY101580180 		NONE PC COMMUNITY WELLBEING 5,000

AMATEUR ATHLETIC UNION

605 3RD AVE
SAGINAW,MI486014509 		NONE PC COMMUNITY WELLBEING 10,000

DERBY CITY TEA ROSE FOUNDATION INC

2725 CAPEHART DR
LOUISVILLE,KY402456303 		NONE PC COMMUNITY WELLBEING 7,020

THE COALITION TO RESTORE

18710 CRANBURY COURT
NEW ORLEANS,LA701196000 		NONE PC COMMUNITY WELLBEING 15,000

PONTCHARTRAIN CONSERVANCY

3801 CANAL ST STE 400
METAIRIE,LA700023677 		NONE PC COMMUNITY WELLBEING 15,000

DAYA INC

3501 N CAUSEWAY BLVD STE 220
HOUSTON,TX770633201 		NONE PC COMMUNITY WELLBEING 5,000

BATON ROUGE YOUTH

3300 S GESSNER RD STE 258
BATON ROUGE,LA708024607 		NONE PC COMMUNITY WELLBEING 10,000

SAVE THE CHILDREN

460 N 11TH ST
FAIRFIELD,CT068254861 		NONE PC COMMUNITY WELLBEING 100,000

THE JCS PROJECT

501 KINGS HIGHWAY EAST
HOUSTON,TX770735541 		NONE PC COMMUNITY WELLBEING 10,000
Total .................................right arrow 3a 21,004,785
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
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 ........... 		    14 3,562,128  
4 Dividends and interest from securities ....     14 3,810,310  
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 .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 4,425,732  
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) ..   11,798,170  
13Total. Add line 12, columns (b), (d), and (e)..................
13
11,798,170
(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 (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
DOW COMPANY FOUNDATION
EIN:
38-2314603
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

TY 2023 InvestmentsCorpStockSchedule
Name:
DOW COMPANY FOUNDATION
EIN:
38-2314603
Name of Stock End of Year Book Value End of Year Fair Market Value
MFB NORTHERN FUNDS STK INDEX F 195,117,204 195,117,204

TY 2023 LegalFeesSchedule
Name:
DOW COMPANY FOUNDATION
EIN:
38-2314603
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 367 0 0 0


TY 2023 OtherIncreasesSchedule
Name:
DOW COMPANY FOUNDATION
EIN:
38-2314603
Description Amount
UNREALIZED GAIN ON MKT SECURITIES 20,961,090
UNREALIZED GAIN ON MKT SECURITIES 382,713


TY 2023 TaxesSchedule
Name:
DOW COMPANY FOUNDATION
EIN:
38-2314603
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NET INVESTMENT TAX 114,730 0 0 0