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
STEELCASE FOUNDATION
 
% LESLIE SCHOEN
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1967
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GRAND RAPIDS, MI495011967
A Employer identification number

38-6050470
B Telephone number (see instructions)

(616) 246-4695
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$126,164,413J 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) 261,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 193,070 419,083  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,580,574
b Gross sales price for all assets on line 6a 7,253,931
7 Capital gain net income (from Part IV, line 2)... 1,580,574
8 Net short-term capital gain......... 193,614
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
695,043 3,702,808  
12 Total. Add lines 1 through 11........ 2,729,687 5,702,465 193,614
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 199,246 19,925   179,321
14 Other employee salaries and wages...... 261,683 26,168   235,515
15 Pension plans, employee benefits....... 95,071 9,507   85,564
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,396 16,698 0 16,698
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
809,710 1,187,808 0 20,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
90,000 31,224    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 1,203 120   1,083
21 Travel, conferences, and meetings....... 12,559 1,256   11,303
22 Printing and publications.......... 8,537 854   7,684
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
154,372 15,437 0 138,935
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,665,777 1,308,997 0 696,103
25 Contributions, gifts, grants paid....... 7,665,637 6,979,413
26 Total expenses and disbursements. Add lines 24 and 25 9,331,414 1,308,997 0 7,675,516
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,601,727
b Net investment income (if negative, enter -0-) 4,393,468
c Adjusted net income (if negative, enter -0-)... 193,614
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............. 3,815,351 2,759,645 2,759,645
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow113,084
Less: allowance for doubtful accounts right arrow   96,768 113,084 113,084
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)....... 3,285,831 Click to see attachment
List of Attached Documents:
// Content
3,045,461 		3,045,461
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).......... 116,031,192 Click to see attachment
List of Attached Documents:
// Content
120,203,602 		120,203,602
14 Land, buildings, and equipment: basis right arrow42,621
Less: accumulated depreciation (attach schedule) right arrow   0 42,621 42,621
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 123,229,142 126,164,413 126,164,413
Liabilities 17 Accounts payable and accrued expenses.......... 5,893 0
18 Grants payable................. 6,578,420 7,264,644
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)......... 6,584,313 7,264,644
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........... 116,644,829 118,899,769
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)..... 116,644,829 118,899,769
30 Total liabilities and net assets/fund balances (see instructions). 123,229,142 126,164,413
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
116,644,829
2
Enter amount from Part I, line 27a .....................
2
-6,601,727
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,856,667
4
Add lines 1, 2, and 3 ..........................
4
118,899,769
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
118,899,769
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 1256 FROM PASS-THROUGH INVESTMENTS      
b GAIN/LOSS FROM PUBLICLY TRADED SECURITIES      
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 12,099     12,099
b 5,804,387   5,673,357 131,030
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       12,099
b       131,030
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 1,580,574
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 3 193,614
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 61,069
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 61,069
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 61,069
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 240,770
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 240,770
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 10 179,701
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow179,701 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? 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 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 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.STEELCASEFOUNDATION.ORG
14
The books are in care ofright arrowLESLIE SCHOEN Telephone no.right arrow (616) 246-4695

Located atright arrow901 44TH STREET SEGRAND RAPIDSMI ZIP+4right arrow49508
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)
Yes
 
(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
 
 
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
KATE PEW WOLTERS BOARD CHAIR
1.0 		0 0 0
PO BOX 1967
GRAND RAPIDS,MI495011967
ROBERT C PEW III TRUSTEE
1.0 		0 0 0
PO BOX 1967
GRAND RAPIDS,MI495011967
MARY ANNE HUNTING TRUSTEE
1.0 		0 0 0
PO BOX 1967
GRAND RAPIDS,MI495011967
ELIZABETH WELCH TRUSTEE
1.0 		0 0 0
PO BOX 1967
GRAND RAPIDS,MI495011967
CRAIG NIEMANN TRUSTEE
1.0 		0 0 0
PO BOX 1967
GRAND RAPIDS,MI495011967
ROBERT C PEW TRUSTEE
1.0 		0 0 0
PO BOX 1967
GRAND RAPIDS,MI495011967
BRIAN CLOYD TRUSTEE
1.0 		0 0 0
PO BOX 1967
GRAND RAPIDS,MI495011967
DANIEL WILLIAMS PRESIDENT
40.0 		199,246 17,168 32,381
PO BOX 1967
GRAND RAPIDS,MI495011967
SARA ARMBRUSTER TRUSTEE
1.0 		0 0 0
PO BOX 1967
GRAND RAPIDS,MI495011967
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
119,904,193
b
Average of monthly cash balances.......................
1b
3,135,261
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
123,039,454
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
123,039,454
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,845,592
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
121,193,862
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,059,693
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
6,059,693
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
61,069
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
61,069
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,998,624
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
5,998,624
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
5,998,624
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
7,675,516
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
7,675,516
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 5,998,624
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 429,515
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 7,675,516
a Applied to 2022, but not more than line 2a 429,515
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..... 5,998,624
e Remaining amount distributed out of corpus 1,247,377
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 1,247,377
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 ............. 		 
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) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,247,377
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 0
e Excess from 2023.... 1,247,377
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).)
NA
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.
NA
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:
LESLIE SCHOEN
PO BOX 1967
GRAND RAPIDS,MI495011967
(616) 246-4695
bThe form in which applications should be submitted and information and materials they should include:
PLEASE SEE STATEMENT ATTACHED, OR VISIT HTTPS://WWW.STEELCASEFOUNDATION.ORG/GRANT-PROCESS/ FOR DETAIL.
cAny submission deadlines:
PLEASE SEE STATEMENT ATTACHED, OR VISIT HTTPS://WWW.STEELCASEFOUNDATION.ORG/GRANT-PROCESS/ FOR DETAI
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
PLEASE SEE STATEMENT ATTACHED, OR VISIT HTTPS://WWW.STEELCASEFOUNDATION.ORG/GRANT-PROCESS/ FOR DETAIL.
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

DIATRIBE INC

334 BURTON ST SE
GRAND RAPIDS,MI49507 		NONE PC Program support 125,000

GRAND VALLEY STATE UNIVERSITY

1 CAMPUS DR
ALLENDALE,MI49401 		NONE GOV Program support 285,000

KCONNECT

401 HALL ST SW
GRAND RAPIDS,MI49503 		NONE PC Program support 100,000

STREAMS OF HOPE

280 60TH ST SE SUITE 100
GRAND RAPIDS,MI49548 		NONE PC Program support 25,000

REALISM IS LOYALTY

601 MLK JR ST SE
GRAND RAPIDS,MI49507 		NONE PC Program support 100,000

GIRL SCOUTS OF MICHIGAN

3275 WALKER AVE NW
GRAND RAPIDS,MI49544 		NONE PC Program support 250

YOURCAUSE LLC

6111 WEST PLANO PKWY SUITE 1000YC
PLANO,TX75093 		NONE PC Program support 498,703

GRAND RAPIDS ART MUSEUM

101 MONROE CENTER ST NW
GRAND RAPIDS,MI49503 		NONE PC Program support 200,000

COUNCIL OF MICHIGAN FOUNDATIONS

PO BOX 329
GRAND HAVEN,MI49417 		NONE PC Program support 12,200

CAMP BLODGETT

528 BRIDGE STREET NW SUITE 6
GRAND RAPIDS,MI49504 		NONE PC Program support 65,000

ATHENS RENAISSANCE SCHOOL

601 N CLINTON ST
ATHENS,AL35611 		NONE PC Program support 15,000

COVENANT HOUSE MICHIGAN

2959 MARTIN LUTHER KING JR BLVD
DETROIT,MI48208 		NONE PC Program support 25,000

BOYS AND GIRLS CLUB OF GRAND RAPIDS

235 STRAIGHT AVE NW
GRAND RAPIDS,MI49504 		NONE PC Program support 100,000

GRAND RAPIDS SYMPHONY

300 OTTAWA AVE NW 100
GRAND RAPIDS,MI49503 		NONE PC Program support 150,000

OPERA GRAND RAPIDS

1320 FULTON ST E
GRAND RAPIDS,MI49503 		NONE PC Program support 30,000

PUERTAS ABIERTAS

1345 MONROE AVE NW SUITE 208
GRAND RAPIDS,MI49503 		NONE PC Program support 30,000

STEM GREENHOUSE

3167 KALAMAZOO AVE SE 203
GRAND RAPIDS,MI49508 		NONE PC Program support 100,000

UNITED METHODIST COMMUNITY HOUSE

904 SHELDON AVE SE
GRAND RAPIDS,MI49507 		NONE PC Program support 125,000

KENTWOOD PUBLIC SCHOOLS

5820 EASTERN AVE
KENTWOOD,MI49508 		NONE GOV Program support 250

GRANDVILLE AVENUE ARTS AND HUMANITIES

644 CESAR E CHAVEZ AVE SW
GRAND RAPIDS,MI49503 		NONE PC Program support 50,000

SPECIAL OLYMPICS MICHIGAN

160 68TH ST SW
GRAND RAPIDS,MI49548 		NONE PC Program support 50,000

RENDE PROGRESS CAPITAL

818 BUTTERWORTH ST SW
GRAND RAPIDS,MI49504 		NONE PC Program support 88,750

AYA YOUTH COLLECTIVE

320 STATE ST SE
GRAND RAPIDS,MI49503 		NONE PC Program support 100,000

CHERRY HEALTH

200 S BOLTWOOD ST
HASTINGS,MI49058 		NONE PC Program support 100,000

COMPREHENSIVE THERAPY CENTER

2505 ARDMORE ST SE
GRAND RAPIDS,MI49506 		NONE PC Program support 25,000

GRAND RAPIDS CIVIC THEATRE

30 DIVISION AVE N
GRAND RAPIDS,MI49503 		NONE PC Program support 114,000

HEART OF WEST MICHIGAN UNITED WAY

118 COMMERCE AVE SW
GRAND RAPIDS,MI49503 		NONE PC Program support 450,000

ICCF COMMUNITY HOMES

415 MLK JR ST SE SUITE 100
GRAND RAPIDS,MI49507 		NONE PC Program support 100,000

SAMARITAS SENIOR LIVING

2000 32ND ST SE
GRAND RAPIDS,MI49508 		NONE PC Program support 15,000

UNITED WAY OF ATHENS-LIMESTONE COUNTY

419 S MARION STREET
ATHENS,AL35611 		NONE PC Program support 50,000

EBONY ROAD PLAYERS

706 GRISWOLD ST SE
GRAND RAPIDS,MI49507 		NONE PC Program support 50,000

GIRLS CHORAL ACADEMY

2920 FULLER AVE NE 104
GRAND RAPIDS,MI49505 		NONE PC Program support 30,000

LEARN TO READ COUNCIL OF ATHENS

410 S JEFFERSON ST
ATHENS,AL35611 		NONE PC Program support 15,000

AFFINITY MENTORING

818 BUTTERWORTH ST SW
GRAND RAPIDS,MI49504 		NONE PC Program support 75,000

THE LEADERSHIP ACADEMY

10-27 46TH AVENUE 1ST FLOOR
LONG ISLAND CITY,NY11101 		NONE PC Program support 150,250

OAKDALE NEIGHBORS

1260 KALAMAZOO AVE SE
GRAND RAPIDS,MI49507 		NONE PC Program support 20,000

LITERACY CENTER OF WEST MICHIGAN

1120 MONROE AVE NW
GRAND RAPIDS,MI49503 		NONE PC Program support 30,000

URBAN LEAGUE OF WEST MICHIGAN

745 EASTERN AVENUE
GRAND RAPIDS,MI49503 		NONE PC Program support 100,000

MICHIGAN STATE UNIVERSITY

426 AUDITORIUM ROAD ROOM 2
EAST LANSING,MI48823 		NONE GOV Program support 133,814

REFUGEE EDUCATION CENTER

2130 ENTERPRISE ST SE
KENTWOOD,MI49508 		NONE PC Program support 110,000

ANN & ROBERT H LURIE CHILDREN'S HOSPITAL

225 E CHICAGO AVE
CHICAGO,IL60611 		NONE PC Program support 211,401

LEADING EDUCATORS

3014 DAUPHINE STREET STE L
NEW ORLEANS,LA70117 		NONE PC Program support 275,000

MICHIGAN ASSOCIATION OF UNITED WAY

330 MARSHALL STREET SUITE 211
LANSING,MI48912 		NONE PC Program support 75,000

MATH MEDIC FOUNDATION

5597 W MEADOW GROVE DR SE
KENTWOOD,MI49512 		NONE PC Program support 50,000

MOSAIC FILM EXPERIENCE

815 ALGER ST SE
GRAND RAPIDS,MI49507 		NONE PC Program support 50,000

DELTA PROJECT

618 WINDSOR TER SE
GRAND RAPIDS,MI49503 		NONE PC Program support 50,000

CODE ON WHEELS

40 PEARL ST NW
GRAND RAPIDS,MI49503 		NONE PC Program support 50,000

GRAND RAPIDS CHILDREN'S MUSEUM

11 SHELDON AVE NW
GRAND RAPIDS,MI49503 		NONE PC Program support 100,250

BLACK BOOK EXCHANGE BOX

PO BOX 7722
GRAND RAPIDS,MI49510 		NONE PC Program support 50,000

GRAND RAPIDS COMMUNITY FOUNDATION

185 OAKES ST SW
GRAND RAPIDS,MI49503 		NONE PC Program support 155,000

GILDA'S CLUB GRAND RAPIDS

1806 BRIDGE ST NW
GRAND RAPIDS,MI49504 		NONE PC Program support 25,000

MICHIGAN LEAGUE FOR PUBLIC POLICY

1223 Turner Rd G1
Lansing,MI48906 		NONE PC Program support 50,000

DAVENPORT UNIVERSITY

6191 Kraft Ave SE
Grand Rapids,MI49512 		NONE PC Program support 200,000

TREETOPS COLLECTIVE

906 Division Ave South
Grand Rapids,MI49507 		NONE PC Program support 50,000

PROJECT ESME

3897 Yorkland Dr NW Apt 4
Comstock Park,MI49321 		NONE PC Program support 25,000

HEALTH NET OF WEST MICHIGAN

1550 Leonard Street NE
Grand Rapids,MI49505 		NONE PC Program support 110,000

MEL TROTTER MINISTRIES

225 Commerce Ave SW
Grand Rapids,MI49503 		NONE PC Program support 25,000

MIGRANT LEGAL AID INC

1104 Fuller Ave NE
Grand Rapids,MI49503 		NONE PC Program support 30,000

OSOFOMAAME

3646 Kalamazoo Ave SE
Grand Rapids,MI49508 		NONE PC Program support 30,000

BETTER WISER STRONGER INC

PO Box 7094
Grand Rapids,MI49510 		NONE PC Program support 25,000

CHILDREN'S ADVOCACY CENTER

2855 Michigan St NE
Grand Rapids,MI49506 		NONE PC Program support 30,000

COOK MUSEUM OF NATURAL SCIENCE

PO Box 2955
Decatur,AL35602 		NONE PC Program support 91,045

GIRLS GROWING II WOMEN INC

PO Box 6782
Grand Rapids,MI49516 		NONE PC Program support 50,000

COIT CREATIVE ARTS ACADEMY

617 Coit Ave NE
Grand Rapids,MI49503 		NONE GOV Program support 250

FOREST HILLS CENTRAL MIDDLE SCHOOL

5810 ADA DR SE
ADA,MI49301 		NONE GOV Program support 250

WESTFIELD PREPARATORY HIGH SCHOOL

23750 Elmira St
Redford Charter Twp,MI48239 		NONE PC Program support 250

NEXTECH HIGH SCHOOL OF GRAND RAPIDS

801 Broadway Ave NW Unit 255
Grand Rapids,MI49504 		NONE PC Program support 250

LEE MIDDLE SCHOOL

1335 Lee St SW
Wyoming,MI49509 		NONE GOV Program support 250

ADA VISTA ELEMENTARY SCHOOL

7192 Bradfield St SE
Ada,MI49301 		NONE GOV Program support 250

KENT INTERMEDIATE SCHOOL

2930 Knapp St NE
Grand Rapids,MI49525 		NONE GOV Program support 250

YOUNG MONEY FINANCES

PO Box 7568
Grand Rapids,MI49507 		NONE PC Program support 50,000

HAMILTON EARLY CHILDHOOD CENTER

3303 Breton Rd SE
Grand Rapids,MI49512 		NONE GOV Program support 250

GODWIN HEIGHTS MIDDLE SCHOOL

100 Wexford St SE
GRAND RAPIDS,MI49548 		NONE GOV Program support 250

KENT CITY COMMUNITY SCHOOLS

200 N Clover St
Kent City,MI49330 		NONE GOV Program support 250

BROOKWOOD ELEMENTARY SCHOOL

5465 Kalamazoo Ave SE
Grand Rapids,MI49508 		NONE GOV Program support 250

GREENRIDGE EARLY CHILDHOOD CENTER

3825 Oakridge Ave NW
Comstock Park,MI49321 		NONE GOV Program support 250

CEDAR SPRINGS PUBLIC SCHOOLS

204 E Muskegon Street
Cedar Springs,MI49319 		NONE GOV Program support 250

WYOMING HIGH SCHOOL

1350 Parairie Pkwy SW
Wyoming,MI49509 		NONE GOV Program support 250

KENT CAREER TECH CENTER

1655 E Beltline Ave NE
Grand Rapids,MI49525 		NONE GOV Program support 250

GRAND RAPIDS UNIVERSITY PREPARATORY ACADEMY

512 DIVISION AVE S
GRAND RAPIDS,MI49503 		NONE PC Program support 250

MARGUERITE CASEY FOUNDATION

1425 4th Avenue Suite 900
Seattle,WA98101 		NONE PC Program support 10,000

LEGAL SERVICES ALABAMA

PO Box 20787
Montgomery,AL36120 		NONE PC Program support 30,000

WEDGWOOD CHRISTIAN SERVICES

3300 36th St SE
Grand Rapids,MI49512 		NONE PC Program support 30,000

FAMILY PROMISE OF WEST MICHIGAN

516 Cherry Street SE
Grand Rapids,MI49503 		NONE PC Program support 75,000

GRAND RAPIDS PUBLIC MUSEUM

272 Pearl St NW
Grand Rapids,MI49504 		NONE PC Program support 100,000

KENT SCHOOL SERVICES NETWORK

1633 E Beltline Ave NE Ste 205
Grand Rapids,MI49525 		NONE PC Program support 100,000

ARBOR CIRCLE

1115 Ball Ave NE
Grand Rapids,MI49505 		NONE PC Program support 50,000

EIGHTCAP INC

5827 ORLEANS ROAD
ORLEANS,MI48865 		NONE PC Program support 1,000

DANCING HEARTS CONSULTING

PO Box 1027
Ashland,OR97520 		NONE PC Program support 7,500

SOUTH END COMMUNITY OUTREACH

1545 Buchanan SW
Grand Rapids,MI49507 		NONE PC Program support 25,000

SAFE HAVEN MINISTRIES INC

2627 Birchcrest Dr SE
Grand Rapids,MI49506 		NONE PC Program support 75,000

LIMESTONE COUNTY BOARD OF EDUCATION

300 SOUTH JEFFERSON STREET
ATHENS,AL35611 		NONE GOV Program support 216,000

CATHERINE'S HEALTH CENTER

950 36th St SW
Wyoming,MI49509 		NONE PC Program support 100,000

PUBLIC THREAD X

446 Cesar E Chavez Ave SW Unit 213
Mail Box 186-5
Grand Rapids,MI49503 		NONE   Program support 75,000

EDUCATE TOMORROW

217 NE 97th St
Miami Shores,FL33138 		NONE PC Program support 30,000

HABITAT FOR HUMANITY OF KENT COUNTY

425 Pleasant St SW
Grand Rapids,MI49503 		NONE PC Program support 50,000

OUR HOPE ASSOCIATION

1256 Walker Ave NW
Grand Rapids,MI49504 		NONE PC Program support 65,000

SLD READ

5250 Lovers Ln
Portage,MI49002 		NONE PC Program support 30,000

WEST MICHIGAN HISPANIC CHAMBER

2007 Division Ave S
Grand Rapids,MI49507 		NONE PC Program support 75,000

GRAND RAPIDS BALLET COMPANY

341 Ellsworth Avenue
Grand Rapids,MI49503 		NONE PC Program support 50,000

TOGETHER WEST MICHIGAN EDUCATION

1224 Davis Ave NW
Grand Rapids,MI49504 		NONE PC Program support 50,000

PLANNED PARENTHOOD OF MICHIGAN

PO Box 3673
Ann Arbor,MI48106 		NONE PC Program support 30,000
Total .................................right arrow 3a 6,979,413
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 ........... 		         
4 Dividends and interest from securities ....     14 193,070  
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 1,580,574  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aREIMBURSEMENT FROM STEELCASE, INC. FOR 		    13 695,043  
bSALARIES AND EXPENSES OF THE DEPARTMENT          
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   2,468,687  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,468,687
(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

TY 2023 AccountingFeesSchedule
Name:
STEELCASE FOUNDATION
EIN:
38-6050470
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 33,396 16,698 0 16,698

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

TY 2023 DepreciationSchedule
Name:
STEELCASE FOUNDATION
EIN:
38-6050470
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:
STEELCASE FOUNDATION
EIN:
38-6050470
Name of Stock End of Year Book Value End of Year Fair Market Value
HS MANAGEMENT PARTNERS 3,045,461 3,045,461
(LIST OF SECURITIES ATTACHED)    

TY 2023 InvestmentsOtherSchedule2
Name:
STEELCASE FOUNDATION
EIN:
38-6050470
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALTERNATIVE INVESTMENTS      
1607 CAPITAL FMV 3,366,589 3,366,589
ACCOLADE PARTNERS IV, LP FMV 1,391,405 1,391,405
ACCOLADE PARTNERS V, LP FMV 2,494,671 2,494,671
ACCOLADE PARTNERS VI, LP FMV 2,564,827 2,564,827
ACCOLADE PARTNERS VII, LP FMV 1,382,297 1,382,297
ACCOLADE PARTNERS VIII, LP FMV 875,493 875,493
ACCOLADE GROWTH FMV 1,238,400 1,238,400
ACCOLADE PARTNERS IX, LP FMV 69,214 69,214
AETHER REAL ASSETS II FMV 502,818 502,818
AETHER REAL ASSETS III FMV 1,076,591 1,076,591
AETHER REAL ASSETS IV FMV 1,704,309 1,704,309
AETHER REAL ASSETS V FMV 1,882,873 1,882,873
AKINA FMV 944,543 944,543
ALPHADYNE FMV 2,260,380 2,260,380
AMERICAN SECURITIES VIII FMV 2,042,467 2,042,467
ASIA ALTERNATIVE V FMV 1,528,160 1,528,160
ASIA ALTERNATIVE VI FMV 724,914 724,914
ASIA DELAWARE V FMV 199,597 199,597
ASIA DELAWARE VI FMV 29,077 29,077
CITY OF LONDON GLBL. EM. MTK FMV 1,819,055 1,819,055
CLEAR VENTURES II FMV 763,695 763,695
CORTEC VII FMV 1,819,749 1,819,749
DAVIDSON KEMPNER INT'L FMV 2,997,052 2,997,052
D.E. SHAW BROAD MKT CORE FD FMV 6,269,900 6,269,900
DOVER STREET VIII FMV 73,368 73,368
DOVER IX FMV 605,954 605,954
DOVER X FMV 1,474,146 1,474,146
ECLIPSE CONTINUITY FUND I FMV 589,531 589,531
ECLIPSE CONTINUITY FUND II FMV 1,371,727 1,371,727
ECLIPSE CONTINUITY FUND III FMV 1,631,313 1,631,313
EIV FMV 1,233,869 1,233,869
FIVE ELMS III FMV 825,068 825,068
FIVE ELMS IV FMV 1,664,614 1,664,614
FIVE ELMS V FMV 984,133 984,133
GLOBAL RESEARCH FMV 3,186,017 3,186,017
GRAIN COMMUNICATIONS FMV 588,770 588,770
HIGHBAR PARTNERS FMV 797,765 797,765
INDABA FMV 1,873,027 1,873,027
IR&M CORE BOND II FMV 4,570,413 4,570,413
JMI EQUITY FMV 1,658,971 1,658,971
KILTEARN GLOBAL EQUITY FUND FMV 2,016,052 2,016,052
KLINE HILL II FMV 1,201,194 1,201,194
KLINE HILL III FMV 1,598,812 1,598,812
KLINE HILL IV FMV 2,069,630 2,069,630
KOHLBERG X FMV 16,295 16,295
KOHLBERG IX FMV 1,895,212 1,895,212
REVELATION IV FMV 92 92
NEW COMMUNITY FMV 185,677 185,677
LITTLEJOHN FUND V FMV 787,041 787,041
LITTLEJOHN FUND VI FMV 1,264,555 1,264,555
MFS INTERNATIONAL GROWTH FMV 1,863,925 1,863,925
MITHRIL FMV 811,013 811,013
NITORUM CAPITAL FMV 1,835,775 1,835,775
OVERLOOK FMV 1,897,186 1,897,186
PELHAM FMV 0 0
PINEBRIDGE FMV 2,411,323 2,411,323
PROPHET EQUITY II FMV 557,764 557,764
REVELATION I FMV 647,126 647,126
REVELATION II FMV 716,011 716,011
REVELATION III FMV 795,266 795,266
ROUND HILL MUSIC ROYALTY II FMV 995,855 995,855
SGOF LIQUIDATING FEEDER FMV 0 0
SILVERSMITH CAPITAL FMV 3,457,918 3,457,918
SILVERSMITH CAPITAL II FMV 2,474,352 2,474,352
SILVERSMITH CAPITAL III FMV 1,208,225 1,208,225
SILVERSMITH CAPITAL IV-B FMV 187,146 187,146
SOUTHERN CROSS LATIN PRIVATE FMV 525,355 525,355
SUMMA EQUITY FUND FMV 327,693 327,693
VIA SEED TECHNOLOGY PARTNERS FMV 1,578,339 1,578,339
VITRUVIAN PARTNERS III FMV 2,128,038 2,128,038
VITRUVIAN PARTNERS IV FMV 1,586,711 1,586,711
VULCAN VVP FMV 3,067,334 3,067,334
WHALE ROCK FMV 1,106,734 1,106,734
MUTUAL FUNDS      
VANGUARD SHORT-TERM BOND FMV 0 0
VANGUARD INTERMEDIATE BOND FMV 4,014,991 4,014,991
VANGUARD 500 INDEX FMV 5,748,092 5,748,092
PRINCIPAL DIVERSIFIED REAL FMV 1,224,748 1,224,748
OTHER MUTUAL FUNDS & BONDS FMV 3,330,485 3,330,485
PRIVATE EQUITY FUNDS      
PANTHEON EUROPE FUND V B LP FMV 570,578 570,578
PANTHEON USA FUND VII, LP FMV 1,024,297 1,024,297

TY 2023 OtherExpensesSchedule
Name:
STEELCASE FOUNDATION
EIN:
38-6050470
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SOFTWARE AND TECHNOLOGY 70,798 7,080 0 63,718
MISC. EXPENSES 83,131 8,313 0 74,818
OFFICE SUPPLIES 443 44 0 399


TY 2023 OtherIncomeSchedule2
Name:
STEELCASE FOUNDATION
EIN:
38-6050470
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CONTRIBUTION FROM STEELCASE INC. FOR      
SALARIES AND EXPENSES OF THE DEPARTMENT 695,043    
.      
INCOME FROM PASS-THROUGH INVESTMENTS      
INTEREST   474,701  
DIVIDENDS   719,948  
ROYALTIES   430,359  
OTHER INCOME/loss   2,077,800  


TY 2023 OtherIncreasesSchedule
Name:
STEELCASE FOUNDATION
EIN:
38-6050470
Description Amount
UNREALIZED GAIN 8,856,667


TY 2023 OtherProfessionalFeesSchedule
Name:
STEELCASE FOUNDATION
EIN:
38-6050470
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INV. MANAGEMENT & AGENCY FEES 809,710 4,568 0 20,000
OTHER EXPENSES/DEDUCTIONS FROM        
PASSTHROUGH INVESTMENTS 0 1,183,240 0 0


TY 2023 ReasonableCauseExplanation
Name:
STEELCASE FOUNDATION
EIN:
38-6050470
Explanation:
The Steelcase Foundation failed to timely extend Forms 990-PF and 990-T due to administrative error. The accounting firm who handles transmitting the extension had a project management software change and failed to transmit the extension electronically. The taxpayer received notice that an extension had not been filed on October 21, 2024. Upon receipt of this notice, the taxpayer and accounting firm filed the return as quickly as possible and no additional tax was owed. The return is being filed by what would have been the timely extended due date had an extension been filed. Taxpayer acted in good faith, as well as in a responsible manner relative to Forms 990-PF and 990-T by filing the return with the IRS as soon it became aware that the return had not been extended. The late filing was not intentional or due to willful neglect, nor was there any deliberate attempt to disregard the rules and regulations of the filing requirement; it was simply an inadvertent error. It is also important to note that there is no outstanding tax. Further, IRM 20.1.1.2 Purpose of Penalties states, "Penalties exist to encourage voluntary compliance by supporting the standards of behavior required by the Internal Revenue Code. For most taxpayers, voluntary compliance consists of preparing an accurate return, filing it timely, and paying any tax due. Efforts made to fulfill these obligations constitute compliant behavior." The Steelcase Foundation made every effort to timely file its return. Taxpayer has satisfied the requirement for reasonable cause by confirming it acted in a prudent and reasonable manner and was neither willful nor neglectful. Taxpayer respectfully requests that any penalties assessed by the IRS for the 2023 Forms 990-PF and 990-T be abated.

TY 2023 TaxesSchedule
Name:
STEELCASE FOUNDATION
EIN:
38-6050470
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 90,000 0    
FOREIGN TAXES PAID 0 31,224