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
IDP FOUNDATION INC
 
% IRENE PRITZKER
Number and street (or P.O. box number if mail is not delivered to street address)401 North Michigan Ave Suite 1810
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60611
A Employer identification number

26-2753703
B Telephone number (see instructions)

(312) 755-0385
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$52,845,318J 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 74 74  
4 Dividends and interest from securities... 1,014,229 878,210  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 678,359
b Gross sales price for all assets on line 6a 14,714,800
7 Capital gain net income (from Part IV, line 2)... 925,171
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
3,576 -46,228  
12 Total. Add lines 1 through 11........ 1,696,238 1,757,227  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 430,793 43,079   387,714
14 Other employee salaries and wages...... 205,284     205,284
15 Pension plans, employee benefits....... 191,714     191,714
16a Legal fees (attach schedule)......... 27,066     27,066
b Accounting fees (attach schedule)....... 120,836 60,418   60,418
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
700,211 242,152   458,058
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
64,751 32,484 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
19,348    
20 Occupancy.............. 75,125     75,125
21 Travel, conferences, and meetings....... 55,628     55,628
22 Printing and publications.......... 543     543
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
589,854     589,854
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,481,153 378,133 0 2,051,404
25 Contributions, gifts, grants paid....... 844,903 844,903
26 Total expenses and disbursements. Add lines 24 and 25 3,326,056 378,133 0 2,896,307
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,629,818
b Net investment income (if negative, enter -0-) 1,379,094
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............. 462 424 424
2 Savings and temporary cash investments......... 535,865 772,356 772,356
3 Accounts receivable right arrow39
Less: allowance for doubtful accounts right arrow   39 39 39
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 arrow3,064,434
Less: allowance for doubtful accounts right arrow   2,900,000 Click to see attachment
List of Attached Documents:
// Content
3,064,434 		3,064,434
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... -3,282 -3,282 -3,282
10a Investments—U.S. and state government obligations (attach schedule) 3,074,330 Click to see attachment
List of Attached Documents:
// Content
3,318,204 		3,318,204
b Investments—corporate stock (attach schedule)....... 14,222,730 Click to see attachment
List of Attached Documents:
// Content
17,030,759 		17,030,759
c Investments—corporate bonds (attach schedule)....... 1,126,932 Click to see attachment
List of Attached Documents:
// Content
1,103,003 		1,103,003
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).......... 30,305,781 Click to see attachment
List of Attached Documents:
// Content
27,482,087 		27,482,087
14 Land, buildings, and equipment: basis right arrow216,153
Less: accumulated depreciation (attach schedule) right arrow146,359 81,714 Click to see attachment
List of Attached Documents:
// Content
69,794 		69,794
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,500 		Click to see attachment
List of Attached Documents:
// Content
7,500 		Click to see attachment
List of Attached Documents:
// Content
7,500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 52,252,071 52,845,318 52,845,318
Liabilities 17 Accounts payable and accrued expenses.......... 14,237 22,218
18 Grants payable.................    
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)......... 14,237 22,218
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........... 52,237,834 52,823,100
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    
29 Total net assets or fund balances (see instructions)..... 52,237,834 52,823,100
30 Total liabilities and net assets/fund balances (see instructions). 52,252,071 52,845,318
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
52,237,834
2
Enter amount from Part I, line 27a .....................
2
-1,629,818
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,215,084
4
Add lines 1, 2, and 3 ..........................
4
52,823,100
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
52,823,100
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 MORGAN STANLEY PUB. TRADED SECURITIES      
b CAPITAL GAIN DIVIDENDS P    
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 14,746,028   13,789,629 956,399
b       4,635
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       956,399
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 2 925,171
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 19,169
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 19,169
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 19,169
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 80,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 100,000
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 80,831
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow30,831 Refundedright arrow 11 50,000
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? Click to see attachment
List of Attached Documents:
// Content
....................
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 changesClick to see attachment
List of Attached Documents:
// Content
....
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.Click to see attachment
List of Attached Documents:
// Content
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 arrowIL
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.idpfoundation.org
14
The books are in care ofright arrowIRENE PRITZKER Telephone no.right arrow (312) 755-0385

Located atright arrow401 NORTH MICHIGAN AVE STE 1810chicagoIL ZIP+4right arrow60611
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowGH
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)
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 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
 
No
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
IRENE D PRITZKER chair and co-founder
40.0 		30,000 0 0
401 North Michigan Ave
STE 1810
Chicago,IL60611
DONNA D SCALI TREASURER
1.0 		0 0 0
401 North Michigan Ave
STE 1810
Chicago,IL60611
ROBERT WEXLER SECRETARY
0.25 		0 0 0
401 North Michigan Ave
STE 1810
Chicago,IL60611
ALISON A EHLKE ASSISTANT SECRETARY AND C.O.O.
40.0 		191,273 19,132 0
401 North Michigan Ave
STE 1810
Chicago,IL60611
LIESEL PRITZKER SIMMONS vice chair and co-founder
0.25 		0 0 0
401 North Michigan Ave
STE 1810
Chicago,IL60611
CORINA GARDNER C.E.O. AND DIRECTOR
40.0 		209,520 116,566 0
401 North Michigan Ave
Chicago,IL60611
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
CLAIRE ENGLAND BRAND/COMMUNICATIONS
40.0 		115,879 4,400 0
401 NORTH MICHIGAN AVE
CHICAGO,IL60611
GEORGIA R BROWN ASSOC. EDUCATION MGR
40.0 		56,086 13,725 0
401 NORTH MICHIGAN AVE
CHICAGO,IL60611
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
SCALI & ASSOCIATES PC ACCOUNTING 107,974
190 LIBERTY ROAD SUITE ONE
CRYSTAL LAKE,IL60014
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 LOAN TO MORINGACONNECT INC. TO SUPPORT THE IDP RISING SCHOOLS PROGRAM. 150,000
2 LOAN TO AKO ADJEI PARK LIMITED TO PROVIDE WORKSPACES FOR SMALL AND MEDIUM-SIZED ENTERPRISES IN AN ECONOMICALLY DISADVANTAGED COMMUNITY TO CREATE JOBS FOR THE UNDERSERVED. 250,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow400,000
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
36,512,171
b
Average of monthly cash balances.......................
1b
784,703
c
Fair market value of all other assets (see instructions)................
1c
11,091,592
d
Total (add lines 1a, b, and c).........................
1d
48,388,466
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
48,388,466
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
725,827
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
47,662,639
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,383,132
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
2,383,132
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
19,169
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,169
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,363,963
4
Recoveries of amounts treated as qualifying distributions................
4
489,756
5
Add lines 3 and 4............................
5
2,853,719
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
2,853,719
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
2,896,307
b
Program-related investments—total from Part VIII-B..................
1b
400,000
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
3,296,307
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 2,853,719
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...... 0
b From 2019...... 781,847
c From 2020...... 990,061
d From 2021...... 3,705,008
e From 2022...... 2,176,909
f Total of lines 3a through e ........ 7,653,825
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,296,307
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..... 2,853,719
e Remaining amount distributed out of corpus 442,588
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 8,096,413
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		8,096,413
10 Analysis of line 9:
a Excess from 2019.... 781,847
b Excess from 2020.... 990,061
c Excess from 2021.... 3,705,008
d Excess from 2022.... 2,176,909
e Excess from 2023.... 442,588
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).)
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

DIGNITAS LIMITED

1C Risa Court Ngong Rd
Nairobi    
KE 		NONE PC THE IDPF GRANT ALLOWS DIGNITAS TO CURATE AND DELIVER TRAINING TO LOW FEE PRIVATE SCHOOL CLIENTS OF IDPF PARTNER IN KENYA, PREMIER CREDIT. 218,303

Absolute Return for Kids

The Yellow Building 1
Nicholas Road,LONDONw114an
UK 		NONE PC To co-design and conduct a research study exploring the factors associated with learning in Ghanaian government and private schools. 40,000

GLOBAL SCHOOLS FORUM

65 Kingsway
LONDON   WC2B 6TD
UK 		NONE PC TO SUPPORT AND REPRESENT NON-STATE OPERATORS IN LOW- AND MIDDLE-INCOME COUNTRIES, SO THEY ARE BETTER ABLE TO DELIVER QUALITY EDUCATION TO CHILDREN FROM LOW INCOME FAMILIES. 236,600

CUTS ACCRA

PO BOX AN 6156
Accra    
GH 		NONE PC A GRANT TO FUND A DISCOVERY PHASE AS A LEARNING OPPORTUNITY FOR BOTH IDPF AND CUTS TO INFORM CUTS' ROLE IN CONTRIBUTING TO ADVOCACY FOR THE AFFORDABLE NON-STATE SCHOOL SECTOR IN GHANA AND BEYOND. 7,500

GHANA NATIONAL ASSOC OF PRIVATE SCHOOLS

6 Nii Oworsika Road
  Lapaz  
GH 		NONE PC A GRANT TO FUND A DISCOVERY PHASE TO REVAMP THE INTERNAL STRUCTURES OF GNAPS AND STRENGTHEN IT FOR GREATER ADVOCACY FOR THE LOW-FEE PRIVATE SCHOOL SECTOR. 30,000

NORTHWESTERN UNIVERSITY

420 E Superior Street
CHICAGO,IL60611 		NONE PC TO SUPPORT A VARIETY OF MEDICAL RESEARCH. 200,000

INT'L EDUCATION FUNDERS GROUP CO GLOBAL DIALOGUE

First Floor 10 Queen Street Place
  LONDONEC4R 1BE
UK 		NONE PC TO SUPPORT A MEMBERSHIP THAT PROVIDES A NETWORK OF EDUCATION FUNDERS. 2,500

Inspiring Teachers

21 Oak Green
Billericay Basildon,EssexCM11 2JU
UK 		NONE PC For a discovery phase grant for the development and testing an effective and sustainable Teacher Professional Development program in 20 Low fee Private Schools (LFPS) aimed at improving learning outcomes. 90,000

SHEDD AQUARIUM

29017 Network Place
CHICAGO,IL60673 		NONE PC TO SUPPORT SHEDD'S GENERAL OPERATIONS, INCLUDING THE EXTRAORDINARY CARE SHEDD PROVIDES FOR OUR MORE THAN 32,000 ANIMALS, AND OUR COMMITMENT TO EDUCATION, COMMUNITY ACCESS, AND CONSERVATION. 10,000

MUSEUM OF SCIENCE AND INDUSTRY

5700 Lake Shore Drive
CHICAGO,IL60637 		NONE PC TO SUPPORT THE MUSEUM'S WELCOME TO SCIENCE INITIATIVE THAT SUPPORTS FIELD TRIP EXPERIENCES, AFTER-SCHOOL SCIENCE CLUBS, TEEN PROGRAMS, SUMMER LEARNING, TEACHER AND ADMINISTRATOR PROFESSIONAL DEVELOPMENT, AND MORE. 10,000
Total .................................right arrow 3a 844,903
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 74  
4 Dividends and interest from securities ....     14 1,014,229  
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 ............ 		    18 678,359  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		        3,576
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,692,662 3,576
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,696,238
(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

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TY 2023 DepreciationSchedule
Name:
IDP FOUNDATION INC
EIN:
26-2753703
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
PHONE & VOICEMAIL 2014-03-04 4,382 4,382 SL 5        
COMPUTER 2015-03-10 1,191 1,190 SL 3        
COMPUTER 2015-05-15 1,231 1,230 SL 3        
COMPUTER 2015-09-30 1,400 1,400 SL 3        
COMPUTER 2015-09-29 1,500 1,500 SL 3        
COMPUTER 2015-10-21 1,069 1,069 SL 3        
COMPUTER 2015-10-21 1,069 1,069 SL 3        
COMPUTER 2015-04-09 1,805 1,805 SL 3        
COMPUTER 2015-08-28 1,412 1,412 SL 3        
COMPUTER 2014-02-04 8,792 8,792 SL 3        
2010 COMPUTERS 2010-07-22 7,623 7,623 M5 5        
2011 COMPUTERS 2011-06-30 14,427 14,427 M5 5        
2012 COMPUTERS 2012-04-02 2,664 2,664 M5 5        
COMPUTER 2013-12-31 1,734 1,734 SL 3        
OFFICE FURNITURE 2011-08-26 16,635 16,635 M5 5        
OFFICE FURNITURE 2012-04-02 775 775 M5 5        
WEBSITE DEVELOP. 2015-12-31 10,750 10,750 SL 3        
WEBSITE DEVELOP. 2016-01-20 9,250 9,250 SL 3        
2018 COMPUTERS 2018-02-13 10,674 10,674 SL 3        
2019 COMPUTERS 2019-11-04 6,856 6,856 SL 3        
2019 OFFICE EQUIP 2019-12-06 571 399 SL 5 114      
OTHER EQUIPMENT 2019-06-20 7,646 5,890 SL 5 1,529      
2020 COMPUTER/TECH 2020-01-03 1,918 1,917 SL 3 1      
2020 COMPUTER/TECH 2020-02-04 1,085 1,056 SL 3 29      
2020 COMPUTER/TECH 2020-05-11 2,446 2,174 SL 3 272      
2020 COMPUTER/TECH 2020-07-27 1,677 1,351 SL 3 326      
2020 COMPUTER/TECH 2020-09-08 5,987 4,657 SL 3 1,330      

TY 2023 InvestmentsCorpBondsSchedule
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Name of Bond End of Year Book Value End of Year Fair Market Value
MORGAN STANLEY - SEE ATTACHED 1,103,003 1,103,003

TY 2023 InvestmentsCorpStockSchedule
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Name of Stock End of Year Book Value End of Year Fair Market Value
MORGAN STANLEY - SEE ATTACHED 17,030,759 17,030,759

TY 2023 InvestmentsGovtObligationsSch
Name:
IDP FOUNDATION INC
EIN:
26-2753703
US Government Securities - End of Year Book Value:

2,678,696
US Government Securities - End of Year Fair Market Value:

2,678,696
State & Local Government Securities - End of Year Book Value:


639,508
State & Local Government Securities - End of Year Fair Market Value:


639,508


TY 2023 InvestmentsOtherSchedule2
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS - SEE ATTACHED FMV 9,614,000 9,614,000
ETF/CEF - SEE ATTACHED FMV 6,096,240 6,096,240
EVERCARE HEALTH FMV 108,931 108,931
BARAK STRUCTURED FINANCE TRADE FMV 647,628 647,628
SAF INVESTOR LP (VISION RIDGE) FMV 315,978 315,978
ACCION FRONTIER INCLUSION FUND FMV 1,185,156 1,185,156
ELEVAR EQUITY III LP FMV 1,289,752 1,289,752
RETHINK EDUCATION II FMV 790,660 790,660
IMPACT ENGINE IV LLC FMV 18,218 18,218
VISTRIA FUND LP FMV 59,710 59,710
PMF INTEGRO FUND I FMV 467,545 467,545
SEE YOUR IMPACT FMV 3,512 3,512
CRE VENTURE CAPITAL FUND II FMV 1,129,381 1,129,381
AMERICAN CORE FMV 1,872,924 1,872,924
SUSTAIN VC IMPACT FUND II FMV 349,352 349,352
CLIMATE IMPACT SOLUTIONS FMV 211,685 211,685
ACRE VENTURE PARTNERS FMV 153,726 153,726
COMMUNITY EM CREDIT FMV 858,318 858,318
IMPACT ENGINE II FMV 290,253 290,253
INTERCONTINENTAL US FMV 1,588,942 1,588,942
PEOPLES POET FMV 100,000 100,000
M-PREP INC.   53,000 53,000
INGRESSIVE FUND II   202,176 202,176
REACH IV   75,000 75,000

TY 2023 LandEtcSchedule2
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
PHONE & VOICEMAIL 4,382 4,382    
COMPUTER 1,191 1,190 1  
COMPUTER 1,231 1,230 1  
COMPUTER 1,400 1,400    
COMPUTER 1,500 1,500    
COMPUTER 1,069 1,069    
COMPUTER 1,069 1,069    
COMPUTER 1,805 1,805    
COMPUTER 1,412 1,412    
COMPUTER 8,792 8,792    
2010 COMPUTERS 7,623 7,623    
2011 COMPUTERS 14,427 14,427    
2012 COMPUTERS 2,664 2,664    
COMPUTER 1,734 1,734    
OFFICE FURNITURE 16,635 16,635    
OFFICE FURNITURE 775 775    
WEBSITE DEVELOP. 10,750 10,750    
WEBSITE DEVELOP. 9,250 9,250    
2018 COMPUTERS 10,674 10,674    
2019 COMPUTERS 6,856 6,856    
2019 OFFICE EQUIP 571 513 58  
OTHER EQUIPMENT 7,646 7,419 227  
2020 COMPUTER/TECH 1,918 1,918    
2020 COMPUTER/TECH 1,085 1,085    
2020 COMPUTER/TECH 2,446 2,446    
2020 COMPUTER/TECH 1,677 1,677    
2020 COMPUTER/TECH 5,987 5,987    


TY 2023 OtherAssetsSchedule
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSITS 7,500 7,500 7,500


TY 2023 OtherExpensesSchedule
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GHANA OFFICE 530,209     530,209
OFFICE EXPENSES 45,885     45,885
MEALS & ENTERTAINMENT 9,356     9,356
MISCELLANEOUS 4,404     4,404


TY 2023 OtherIncomeSchedule2
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME & PASS-THROUGH INVESTMENTS 3,576 -46,228  


TY 2023 OtherIncreasesSchedule
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Description Amount
UNREALIZED GAIN 2,215,084


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TY 2023 OtherNotesLoansRcvblLongSch
Name:
IDP FOUNDATION INC
EIN:
26-2753703

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
SINAPI ABA TRUST     1,500,000       0 %        
AKO ADJEI PARK     414,434       0 %        
MORINGA CONNECT     150,000       0 %        
PREMIER CREDIT     1,000,000       0 %        

TY 2023 OtherProfessionalFeesSchedule
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CHARITABLE ACTIVITY CONSULTING 402,200     402,200
INVESTMENT SERVICES 258,172 242,152   16,019
TECHNOLOGY SERVICES 36,534     36,534
ALL OTHER PROFESSIONAL FEES 3,305     3,305


TY 2023 TaxesSchedule
Name:
IDP FOUNDATION INC
EIN:
26-2753703
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE/OTHER TAX 32,213 0 0 0
FOREIGN/INVESTMENT WITHHOLDING 32,538 32,484 0 0