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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
ARIZONA FOUNDATION FOR EDUCATIONAL
ADVANCEMENT
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 10417
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHOENIX, AZ850640417
A Employer identification number

86-0664560
B Telephone number (see instructions)

(480) 822-0881
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$17,263,365J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 438,215 438,215  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 952,961
b Gross sales price for all assets on line 6a 6,533,074
7 Capital gain net income (from Part IV, line 2)... 952,961
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,391,176 1,391,176  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 139,500 6,975   132,525
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,650 6,825   6,825
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
119,386 117,461   1,925
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
30,933 333   6,323
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 9,782 0   9,782
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,962 0   3,962
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 317,213 131,594   161,342
25 Contributions, gifts, grants paid....... 585,000 585,000
26 Total expenses and disbursements. Add lines 24 and 25 902,213 131,594   746,342
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 488,963
b Net investment income (if negative, enter -0-) 1,259,582
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 27,345 13,269 13,269
2 Savings and temporary cash investments......... 334,208 438,890 438,890
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 4,026 987 987
10a Investments—U.S. and state government obligations (attach schedule) 1,055,628 Click to see attachment
List of Attached Documents:
// Content
1,084,031 		1,084,031
b Investments—corporate stock (attach schedule)....... 13,560,016 Click to see attachment
List of Attached Documents:
// Content
14,475,357 		14,475,357
c Investments—corporate bonds (attach schedule)....... 1,288,270 Click to see attachment
List of Attached Documents:
// Content
1,250,831 		1,250,831
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
11,730 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,281,223 17,263,365 17,263,365
Liabilities 17 Accounts payable and accrued expenses..........    
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) Click to see attachment
List of Attached Documents:
// Content
43,230 		Click to see attachment
List of Attached Documents:
// Content
51,588
23 Total liabilities (add lines 17 through 22)......... 43,230 51,588
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........... 16,237,993 17,211,777
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)..... 16,237,993 17,211,777
30 Total liabilities and net assets/fund balances (see instructions). 16,281,223 17,263,365
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
16,237,993
2
Enter amount from Part I, line 27a .....................
2
488,963
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
484,821
4
Add lines 1, 2, and 3 ..........................
4
17,211,777
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,211,777
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,533,074   5,580,113 952,961
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       952,961
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 2 952,961
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 17,508
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 17,508
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 17,508
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 16,539
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,539
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 969
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowAZ
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 2024 or the taxable year beginning in 2024? 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 arrowN/A
14
The books are in care ofright arrowJOHN MUESSLE Telephone no.right arrow (480) 822-0881

Located atright arrowPO BOX 10417PHOENIXAZ ZIP+4right arrow85064
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
JOHN MUESSLE PRESIDENT/SECRETARY
20.00 		87,000 0 0
PO BOX 10417
PHOENIX,AZ85064
LEO VALDEZ DIRECTOR
2.00 		10,000 0 0
PO BOX 10417
PHOENIX,AZ85064
SCOTT BUTTERFIELD VICE CHAIRMAN
2.00 		10,000 0 0
PO BOX 10417
PHOENIX,AZ85064
THOMAS DUNCAN ASSISTANT TREASURER
3.00 		20,000 0 0
PO BOX 10417
PHOENIX,AZ85064
LEE BURTON CHAIRMAN/TREASURER
2.00 		12,500 0 0
PO BOX 10417
PHOENIX,AZ85064
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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
MERRIL LYNCH INVESTMENT MANAGMENT FEES 117,358
PO BOX 1580
PENNINGTON,NJ08534
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
16,514,774
b
Average of monthly cash balances.......................
1b
685,967
c
Fair market value of all other assets (see instructions)................
1c
987
d
Total (add lines 1a, b, and c).........................
1d
17,201,728
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
17,201,728
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
258,026
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,943,702
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
847,185
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
847,185
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
17,508
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
17,508
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
829,677
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
829,677
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
829,677
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
746,342
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
746,342
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 829,677
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 717,320
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 746,342
a Applied to 2023, but not more than line 2a 717,320
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 29,022
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		800,655
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

ACHIEVEMENT REWARDS FOR COLLEGE SCIENTISTS-DENVER

PO BOX 460874
DENVER,CO80246 		NONE PC ADVANCE SCIENCE & TECHNOLOGY THRU $ AWARDS TO ACADEMICALLY OUTSTANDING U S CITIZENS FOR DEGREES IN SCIENCE, ENGINEERING & MEDICAL RESEARCH 15,000

ALICE COOPER'S SOLID ROCK TEEN CENTERS

13625 N 32ND STREET
PHOENIX,AZ85032 		NONE PC OPERATION OF A TEEN CENTER WITH MUSIC, DANCE, ART, AND OTHER PROGRAMS ORIENTED TO CHRISTIAN MINISTRY AND PROVIDING A SAFE PLACE FOR TEEN SOCIALIZATION 10,000

ALICE KING COMMUNITY SCHOOL FOUNDATION

8100 MOUNTAIN ROAD NE
ALBUQUERQUE,NM87110 		NONE PC GRANT TO BE USED EXCLUSIVELY FOR ENHANCING STEM EDUCATION IN SUPPORT OF PROJECT BASED LEARINIG 2,500

ARIZONA HISTORICAL SOCIETY

949 E 2ND STREET
TUCSON,AZ85719 		NONE PC EXPAND THE ARIZONA HISTORICAL SOCIETY (AHS) FELLOWSHIP PROGRAM WHICH BRINGS HISTORIANS AND OTHER FELLOWS TO DELVE INTO OUR STATES ARCHIVES 10,000

COLORADO LEAGUE OF CHARTER SCHOOLS

104 N BROADWAY SUITE 400
DENVER,CO80203 		NONE PC IMPROVE STUDENT ACHIEVEMENT BY SUPPORTING CO'S CHARTER SCHOOLS, POSITIVELY RESHAPING THE PUBLIC-SCHOOL LANDSCAPE FOR HIGH QUALITY PUBLIC CHOICE 60,000

EXPONENT PHILANTHROPY (FRMRLY ASSOC OF SMALL FDTNS)

1720 N STREET NW
WASHINGTON,DC20036 		NONE PC MEMBERSHIP ASSOCIATION TO EDUCATE, ASSIST AND NETWORK FOR SMALL (SMALL OR NO STAFF) FOUNDATIONS 10,000

HANDS ACROSS CULTURES

PO BOX 2215
ESPANOLA,NM87532 		NONE PC MISSION IS DEDICATED TO IMPROVING HEALTH, EDUCATION & WELL-BEING OF PEOPLE OF NORTHERN NM THROUGH FAMILY-CENTERED APPROACHES 2,500

HOLY CROSS CATHOLIC SCHOOL

PO BOX 1260 1331 STATE ROAD 76
SANTA CRUZ,NM87567 		NONE PC PROVIDE AN ADVANCED & FAITH-BASED EDUCATIONAL EXPERIENCE WITH AN EMPHASIS ON THE CATHOLIC FAMILY VALUES UNIQUE TO NORTHERN NEW MEXICO 5,000

HUMAN SERVICES CAMPUS (DBA KEYS TO CHANGE)

204 S 12TH AVE
PHOENIX,AZ85007 		NONE PC ASSISTS CLIENTS IN ENDING THEIR HOMELESSNESS BY ACHIEVING GREATER SELF-SUFFICIENCY THROUGH NUMEROUS STRATEGIES INCLUDING EDUCATION & EMPLOYMENT 60,000

HUTCHINSON COMMUNITY COLLEGE ENDOWMENT ASSOC

1300 NORTH PLUM
HUTCHINSON,KS67501 		NONE PC PROVIDE ASSISTANCE TO STUDENTS WHO ARE SEEKING TO TRANSFER TO A FOUR-YEAR UNIVERSITY OR EARN A TECHNICAL DEGREE, GAINING SKILLS TO ENTER THE WORKFORCE 55,000

IDAHO STATE UNIVERSITY FOUNDATION

921 SOUTH 8TH AVE STOP 8173
POCATELLO,ID832098173 		NONE PC TO PROVIDE SUMMER SCHOLARSHIPS TO INDIVIDUALS INVOLVED IN ATHLETICS, ALLOWING ACCESS TO CREDITS DIFFICULT TO EARN DURING SPORT SEASON 40,000

JESUIT HIGH SCHOOL

9000 SW BEAVERTON-HILLSDALE HWY
PORTLAND,OR972252491 		NONE PC TUITION ASSISTANCE FOR ECONOMICALLY DISADVANTAGED STUDENTS (ST. ANDREW NATIVITY PROGRAM) 25,000

NEW LIFE FARMINGTON (FRMRLY NL WORSHIP CENTER)

8121 EAST MAIN STREET
FARMINGTON,NM87402 		NONE PC FUNDING UNIVERSITY SCHOLARSHIPS AWARDED THROUGH YOUTH MINISTRY (TUITION AND/OR BOOKS) 95,000

NORTHERN NEW MEXICO COLLEGE FOUNDATION

921 PASEO DE ONATE
ESPANOLA,NM87532 		NONE PC ENSURE STUDENT SUCCESS BY PROVIDING ACCESS TO AFFORDABLE LEARNING OPPORTUNITIES MEETING EDUCATIONAL, CULUTURAL & ECONOMIC NEEDS OF THE REGION 3,000

NORTHERN NEW MEXICO NORMAL SCHOOL ALUM ASSOC

2242 BRIGHT STAR AVE
LAS CRUCES,NM88011 		NONE PC SUPPORT THE NORTHERN SCHOLARSHIP FUND, WHICH PROVIDES SCHOLARSHIPS TO WELL-DESERVING NORTHERN NEW MEXICO COLLEGE STUDENTS 7,000

PAT TILLMAN FOUNDATION

180 N LASALLE DRIVE SUITE 2910
CHICAGO,IL60601 		NONE PC PROVIDE ACADEMIC SCHOLARSHIPS FOR SERVICE MEMBERS, VETERANS OR THEIR SPOUSES (FILLING FINANCIAL GAPS NOT COVERED BY THE POST 9-11 G.I. BILL) 75,000

PRIMERIA ALTA HISTORICAL SOCIETY

PO BOX 2281
NOGALES,AZ856282281 		NONE PC PROVIDE A GRANT FOR PRESERVATION OF HISTORIC AND CURRENT EVENTS AND DISPLAYS OF THE CITY OF NOGALES TO INFORM ITS INHABATITANTS AND EDUCATE TOURISTS 10,000

ST THOMAS THE APOSTLE

4510 NORTH 24TH STREET
PHOENX,AZ85016 		NONE PC GRANT TO BE USED FOR CAPITAL IMPROVEMENTS FOR ITS CAMPUS, SPECIFICALLY A NEW CLASSROOM BUILDING, GROUND BREAKING STARTED IN JUNE, 2024 30,000

U OF A FOUNDATION - BIO5 (KEYS)

1111 NORTH CHERRY AVENUE PO BOX
210109
TUCSON,AZ857210109 		NONE PC TO PROVIDE ARIZONA HIGH SCHOOL STUDENTS WITH HANDS-ON LABORATORY RESEARCH UNDER THE MENTORSHIP OF WORLD-CLASS SCIENTISTS AND THEIR LAB TEAMS 25,000

UNIVERSITY OF IDAHO FOUNDATION

875 PERIMETER DRIVE MS 3143
MOSCOW,ID83844 		NONE PC TO SUPPORT THE COLLEGE OF NATURAL RESOURCE'S (CNR) MCCALL FIELD CAMPUS FOR MASTER OF NATURAL RESOURCES IN ENVIRONMENTAL EDUCATION & SCIENCE 20,000

UNIVERSITY OF PORTLAND FOUNDATION

5000 N WILLAMETTE BLVD
PORTLAND,OR972035798 		NONE PC TO HELP FUND FACTSET AS THE NEW STANDARD REASEARCH AND INSTRUCTIONAL DATABASE TO REPLACE BLOOMBERG TERMINALS AND WRDS DATABASE 10,000

WASHBURN UNIVERSITY FOUNDATION

1729 SW MACVICAR AVENUE
TOPEKA,KS66604 		NONE PC SCHOLARSHIPS TO LAW STUDENTS, ALLOWING THEM TO FOCUS ON THEIR INITIAL STUDIES & WORRY LESS ABOUT WORKING TO ENHANCE ABILITY WITH EXHAUSTIVE STUDIES 15,000
Total .................................right arrow 3a 585,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ....     14 438,215  
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 ............ 		    18 952,961  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,391,176 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,391,176
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 13,650 6,825   6,825

TY 2024 InvestmentsCorpBondsSchedule
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
Name of Bond End of Year Book Value End of Year Fair Market Value
NUVASIVE INC 38,556 38,556
OKTA INC 36,572 36,572
GCB BILL COM HLDGS INC 34,515 34,515
US BANCORP 31,795 31,795
SOUTHWEST AIRLINES CO 28,800 28,800
FISERV INC 27,717 27,717
SHOPIFY INC 27,492 27,492
GENERAL MOTORS FINL CO 25,914 25,914
WELLS FARGO & COMPANY 24,546 24,546
RTX CORP 24,341 24,341
DRAFTKINGS INC 23,828 23,828
USD ENBRIDGE INC 22,966 22,966
TRUIST FINANCIAL CORP 22,716 22,716
CVS HEALTH CORP 22,378 22,378
KINDER MORGAN INC/DELAWA 22,027 22,027
LOWE'S COS INC 21,847 21,847
JPMORGAN CHASE & CO 21,758 21,758
MASTERCARD INC 21,696 21,696
COMCAST CORP 21,670 21,670
CITIGROUP INC 20,965 20,965
LUMENTUM HOLDINGS INC 20,890 20,890
NCL CORPORATION LTD 20,784 20,784
HOME DEPOT INC 19,934 19,934
EURONET SERVICES INC. 19,814 19,814
UNITEDHEALTH GROUP INC 19,019 19,019
CB ROYAL CARIBBEAN 18,619 18,619
JPMORGAN CHASE & CO 18,574 18,574
PALO ALTO NETWORKS 18,289 18,289
CERIDIAN HCM HOLDING INC 18,273 18,273
ABBVIE INC 17,991 17,991
VERIZON COMMUNICATIONS 17,289 17,289
SHIFT4 PAYMENTS INC 17,233 17,233
COINBASE GLOBAL INC 16,767 16,767
ANHEUSER-BUSCH INBEV FIN 16,644 16,644
DUKE ENERGY CORP NEW 16,539 16,539
SPOTIFY USA INC 15,947 15,947
BOOKING HOLDINGS INC 15,840 15,840
GRANITE CONSTRUCTION INC 15,749 15,749
AXON ENTERPRISE INC 15,632 15,632
FIVE9 INC 15,517 15,517
LYFT INC 14,834 14,834
Q2 HOLDINGS INC 14,790 14,790
SQUARE INC 13,913 13,913
ITRON INC 13,455 13,455
FRESHPET INC 13,311 13,311
BAXTER INTERNATIONAL INC 12,849 12,849
MORGAN STANLEY 12,816 12,816
INSULET CORP 12,651 12,651
VENTAS RLTY LTD 12,541 12,541
DATADOG INC 12,384 12,384
ENPHASE ENERGY INC 12,300 12,300
LIBERTY MEDIA CORP DEL 12,290 12,290
STRIDE INC 12,110 12,110
NRG ENERGY INC 10,981 10,981
CONFLUENT INC 10,782 10,782
MICROSTRATEGY INC 10,300 10,300
SEA LTD 10,139 10,139
LIVE NATION ENTERTAINMEN 9,876 9,876
CB WAYFAIR INC 9,680 9,680
TYLER TECHNOLOGIES INC 9,658 9,658
POST HOLDINGS INC 9,448 9,448
ZILLOW GROUP INC 9,283 9,283
SAREPTA THERAPEUTICS INC 8,813 8,813
INSMED INC 8,672 8,672
CB SOUTHERN CO 8,418 8,418
RIVIAN AUTOMOTIVE INC 8,152 8,152
UBER TECHNOLOGIES INC 8,064 8,064
AKAMAI TECHNOLOGIES, INC 8,030 8,030
USD ZTO EXPRESS KY 7,948 7,948
EXPEDIA GROUP INC 7,936 7,936
CLOUDFLARE INC 7,648 7,648
ON SEMICONDUCTOR CORP 7,545 7,545
AIRBNB INC 7,504 7,504
GUIDEWIRE SOFTWARE INC 7,398 7,398
SEAGATE HDD CAYMAN 6,061 6,061
MAKEMYTRIP LIMITED 5,844 5,844
ZSCALER INC. 4,964 4,964

TY 2024 InvestmentsCorpStockSchedule
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
Name of Stock End of Year Book Value End of Year Fair Market Value
BLACKROCK HIGH YIELD 631,714 631,714
BNY MELLON GLOBAL FIXED 569,161 569,161
BLACKROCK ALLOCATION 403,515 403,515
MICROSOFT CORP 270,603 270,603
APPLE INC 265,195 265,195
MICROSOFT CORP 252,478 252,478
BROADCOM INC 252,474 252,474
JPMORGAN CHASE & CO 244,744 244,744
GOLDMAN SACHS GROUP INC 237,065 237,065
PNC FINCL SERVICES GROUP 220,235 220,235
PROCTER & GAMBLE CO 204,198 204,198
BLACKROCK INC REG SHS 194,771 194,771
CHEVRON CORP 194,086 194,086
MCDONALDS CORP 184,370 184,370
EATON CORP PLC 183,856 183,856
BROADCOM INC 170,170 170,170
HOME DEPOT INC 165,321 165,321
HEWLETT PACKARD 158,161 158,161
ACCENTURE PLC SHS 157,602 157,602
ORACLE CORP $0.01 DEL 152,476 152,476
EQUINIX INC 149,920 149,920
MERCK AND CO INC SHS 146,136 146,136
UNITEDHEALTH GROUP INC 145,182 145,182
T-MOBILE US INC SHS 142,812 142,812
ANALOG DEVICES INC COM 137,674 137,674
INTL BUSINESS MACHINES 137,174 137,174
MEDTRONIC PLC SHS 135,716 135,716
ABBOTT LABS 133,017 133,017
WILLIAMS COMPANIES DEL 132,648 132,648
ABBVIE INC SHS 132,031 132,031
JPMORGAN CHASE & CO 121,773 121,773
HONEYWELL INTL INC DEL 120,173 120,173
UNION PACIFIC CORP 119,949 119,949
PROLOGIS INC 116,587 116,587
TRACTOR SUPPLY CO 115,671 115,671
PEPSICO INC 112,220 112,220
EASTMAN CHEMICAL CO COM 112,141 112,141
NEXTERA ENERGY INC SHS 110,403 110,403
MOTOROLA SOLUTIONS INC 101,691 101,691
MONDELEZ INTERNATIONAL 101,660 101,660
AMER EXPRESS COMPANY 100,612 100,612
EMERSON ELEC CO 99,144 99,144
MASTERCARD INC 98,995 98,995
ACCENTURE PLC SHS 92,169 92,169
BEST BUY CO INC 91,806 91,806
UNITEDHEALTH GROUP INC 90,043 90,043
LINDE PLC NEW 87,502 87,502
WALMART INC 86,013 86,013
TE CONNECTIVITY PLC 83,923 83,923
TAIWAN S MANUFCTRING ADR 82,156 82,156
MCDONALDS CORP 78,850 78,850
BAKER HUGHES CO 78,184 78,184
NEXTERA ENERGY INC SHS 75,561 75,561
ABBVIE INC SHS 74,279 74,279
FERGUSON ENTERPRISES INC 73,941 73,941
EATON CORP PLC 72,348 72,348
STARBUCKS CORP 71,631 71,631
ABBOTT LABS 71,599 71,599
TJX COS INC NEW 70,070 70,070
MARSH & MCLENNAN COS INC 69,458 69,458
LOWE'S COMPANIES INC 65,896 65,896
S&P GLOBAL INC 65,740 65,740
PROLOGIS INC 65,640 65,640
TARGET CORP 65,427 65,427
AMPHENOL CORP CL A NEW 65,283 65,283
EXXON MOBIL CORP 64,650 64,650
TRANE TECHNOLOGIES PLC 64,636 64,636
PHILIP MORRIS INTL INC 63,665 63,665
ZOETIS INC 61,588 61,588
WEC ENERGY GROUP INC SHS 60,656 60,656
CHEVRON CORP 59,529 59,529
AMERICAN TOWER REIT INC 59,425 59,425
HONEYWELL INTL INC DEL 58,505 58,505
BLACKROCK ALLOCATION 57,389 57,389
FEDEX CORP DELAWARE COM 56,266 56,266
COMCAST CORP NEW CL A 55,732 55,732
BLACKROCK ALLOCATION 51,896 51,896
RELX PLC 48,418 48,418
UNILEVER PLC NEW ADR 48,138 48,138
ENTERGY CORP NEW 46,857 46,857
UNION PACIFIC CORP 46,292 46,292
ELEVANCE HEALTH INC 46,112 46,112
EXPAND ENERGY CORP 44,499 44,499
PEPSICO INC 43,641 43,641
CASEYS GEN STORES INC 42,000 42,000
NORTHROP GRUMMAN CORP 41,297 41,297
MONDELEZ INTERNATIONAL 40,796 40,796
ALLIANT ENERGY CORP 39,032 39,032
AON PLC REG SHS 38,071 38,071
NOVO NORDISK A S ADR 35,698 35,698
STARBUCKS CORP 35,314 35,314
FOX CORP CL B 34,534 34,534
ENTERPRISE FINL SVCS CRP 33,614 33,614
CMNTY FIN SYS INC 33,184 33,184
COMMERCE BANCSHARES 32,962 32,962
AGREE RLTY CORP 32,477 32,477
FREEPORT-MCMORAN INC 31,797 31,797
WINTRUST FINL CP ILL COM 31,676 31,676
TERRENO REALTY CORP SHS 31,581 31,581
NOVO NORDISK A S ADR 31,483 31,483
ABB LTD SPON ADR 31,420 31,420
1ST FINANCIAL BCSHS INC 30,931 30,931
STK YARDS BANCORP INC 30,506 30,506
MIZUHO FINL GROUP INC 30,372 30,372
LAMAR ADVERTISING CO-A 30,192 30,192
AIR LIQUIDE ADR 29,928 29,928
HARTFORD FINL SVCS GROUP 28,991 28,991
ALLY FINL INC 28,592 28,592
COMPASS GROUP PLC SHS 28,451 28,451
ASML HLDG NV NY REG SHS 28,416 28,416
TEXAS INSTRUMENTS 28,314 28,314
GLACIER BANCORP INC NEW 28,274 28,274
INDEPENDENT BK CORP MASS 28,244 28,244
CONOCOPHILLIPS 28,164 28,164
LAZARD INC REGISTETED 27,954 27,954
BOEING CO 27,583 27,583
LANDSTAR SYS INC COM 26,810 26,810
PNC FINCL SERVICES GROUP 26,806 26,806
BATH & BODY WORKS INC 26,635 26,635
3M COMPANY 26,592 26,592
AXIS CAPITAL HOLDINGS 26,409 26,409
LKQ CORP 26,350 26,350
JOHN BEAN TECHNOLOGIES 25,928 25,928
TRANSUNION 25,310 25,310
MTU AERO ENGINES AG 25,183 25,183
WASTE CONNECTIONS INC 25,051 25,051
VONTIER CORP 25,018 25,018
AMERICAN STATES WATER CO 24,948 24,948
O'REILLY AUTOMOTIVE INC 24,902 24,902
CIE FINANCIERE RICHEMONT 24,668 24,668
AVISTA CORP 24,579 24,579
BALL CORP COM 24,478 24,478
WESTLAKE CORP 24,420 24,420
LABCORP HOLDINGS INC REG 24,308 24,308
SIEMENS AG 24,170 24,170
HERSHEY COMPANY 23,709 23,709
AMETEK INC NEW 23,434 23,434
CBRE GROUP INC 22,976 22,976
JEFFERIES FINL GROUP INC 22,579 22,579
ADIDAS AG SPONSORED ADR 22,284 22,284
GLOBUS MED INC 22,249 22,249
CAPGEMINI SE SHS ADR 22,008 22,008
BUREAU VERITAS 21,761 21,761
GILDAN ACTIVEWEAR INC 21,737 21,737
NEXTERA ENERGY, INC. 21,468 21,468
TELEFLEX INC 21,358 21,358
L3HARRIS TECHNOLOGIES 21,238 21,238
SMURFIT WESTROCK LTD REG 21,221 21,221
CULLEN FRST BKRS PV$0.01 21,211 21,211
HA SUSTAINABLE 21,169 21,169
CORTEVA INC REG SHS 21,075 21,075
CARLISLE COS INC 21,024 21,024
LONDON STK EXCHANGE 20,986 20,986
EXPERIAN PLC SP ADR 20,980 20,980
DIPLOMA PLC SHS ADR 20,704 20,704
SAP SE SHS 20,435 20,435
ARES MGMT CORP 20,420 20,420
BWX TECHNOLOGIES INC 20,384 20,384
ING GP NV SPSD ADR 20,183 20,183
REXFORD INDL RLTY INC 20,065 20,065
KBC GROUPE SA SHS 20,056 20,056
MATADOR RES CO 19,972 19,972
ICON PLC 19,922 19,922
LINCOLN ELEC HLDGS INC 19,872 19,872
AVANTOR INC 19,743 19,743
MARKETAXESS HOLDINGS INC 19,665 19,665
FIDELITY NATL INFO SVCS 19,546 19,546
TERADYNE INC 19,518 19,518
TELEFLEX INC 19,400 19,400
TARGET CORP 19,195 19,195
HOYA CORP ADR 19,096 19,096
CARDINAL HEALTH INC OHIO 19,041 19,041
GATX CORPORATION 18,905 18,905
RYANAIR HOLDINGS PLC SHS 18,831 18,831
ARMSTRONG WORLD INDS INC 18,797 18,797
EQTY LIFESTYLS PPTYS INC 18,515 18,515
NIPPON SANSO HLDGS ADR 18,334 18,334
EQTY LIFESTYLS PPTYS INC 18,315 18,315
ASTRAZENECA PLC SPND ADR 18,215 18,215
THALES SA UNSP 18,056 18,056
KEYSIGHT TECHNOLOGIES 17,991 17,991
SAMPO PLC SHS 17,953 17,953
SUNCOR ENERGY INC NEW 17,947 17,947
WALKER & DUNLOP INC 17,887 17,887
UNIVERSAL MUSIC GRO-UNSP 17,877 17,877
GRAPHIC PACKAGING HLDG C 17,790 17,790
SM ENERGY CO SHS 17,752 17,752
IMCD GROUP 17,751 17,751
HALMA PLC 17,741 17,741
STAG INDUSTRIALS, INC. 17,214 17,214
TOKYO ELECTRON LTD SHS 17,136 17,136
TECHTRONIC INDS SPD ADR 17,124 17,124
CANADIAN PAC KANS CITY 17,079 17,079
FORTUNE BRANDS 16,946 16,946
ROBERT HALF INC COM 16,910 16,910
ALASKA AIR GROUP INC COM 16,900 16,900
EPIROC AKTIEBOLAG-UNSP 16,839 16,839
HF SINCLAIR CORP 16,754 16,754
AIA GROUP LTD 16,600 16,600
NOTORI HOLDINGS CO LTD 16,576 16,576
MARTIN MARIETTA MATLS 16,528 16,528
FANUC LTD-UNSP 16,522 16,522
DBS GROUP HLDGS SPN ADR 16,517 16,517
MSC INDL DIRECT INC CL A 16,058 16,058
LAKELAND FINCL CORP IND 15,815 15,815
CHUBB LTD 15,749 15,749
WELLS FARGO & CO NEW 15,526 15,526
MICROCHIP TECHNOLOGY INC 15,485 15,485
APOLLO GLOBAL MGMT INC. 15,470 15,470
YETI HLDGS INC 15,250 15,250
KIRBY CORP COM 15,129 15,129
ASICS CORP -UNSP ADR 15,122 15,122
POTLATCHDELTIC CORP 15,111 15,111
NOMURA RESH INST LTD ADR 14,984 14,984
DIODES INC 14,862 14,862
ADDUS HOMECARE CORP 14,666 14,666
SYMRISE AG ADR 14,658 14,658
HELMERICH PAYNE INC 14,601 14,601
SHIN-ETSU CHEM-UNSPON 14,587 14,587
JONES LANG LASALLE INC 14,429 14,429
ARROW ELECTRONICS 14,366 14,366
ICON PLC 14,260 14,260
ASM INTERNATIONAL-NY REG 14,229 14,229
LAMB WESTON HOLDINGS INC 14,168 14,168
PACKAGING CORP AMERICA 13,958 13,958
SUZUKI MOTOR CORP SHS 13,734 13,734
RECRUIT HOLDINGS CO.LTD. 13,649 13,649
EXLSERVICE HLDGS INC 13,447 13,447
MITSUI FUDOSAN CO LTD 13,370 13,370
3I GROUP PLC SHS 13,266 13,266
WOLVERINE WORLD WIDE 13,054 13,054
TOLL BROS INC 12,847 12,847
SHARKNINJA INCORP REG 12,657 12,657
EXELIXIS INC COM 12,354 12,354
BANKINTER SA NEW SP ADR 12,184 12,184
GLOBUS MED INC 12,076 12,076
SUNSTONE HOTEL INVS INC 11,840 11,840
UMH PROPERTIES INC 11,668 11,668
DANA INC 11,629 11,629
JAMES HARDIE INDUSTRIES 11,369 11,369
COUSINS PROPERTIES INC 11,245 11,245
RENAISSANCERE HLDGS LTD 11,196 11,196
BURLINGTON STORES INC 11,117 11,117
RINGCENTRAL INC 11,063 11,063
BRUNSWICK CORP 10,737 10,737
MONOTARO CO LTD - UNSP 10,653 10,653
GATX CORPORATION 10,537 10,537
ZIMMER BIOMET HOLDI 10,457 10,457
BANCORP (THE) BANK 10,368 10,368
HEALTHPEAK PPTYS INC 10,135 10,135
CRODA INTL PLC SHS ADR 10,066 10,066
WATTS WATER TECH INC 9,962 9,962
GETTY REALTY CRP PV$0.01 9,792 9,792
CLEARWAY ENERGY INC 9,672 9,672
COEUR MINING INC 9,444 9,444
MALIBU BOATS INC SHS 9,322 9,322
NORDEA BANK ABP SHS ADR 9,322 9,322
HP ENTERPRISE CO 9,281 9,281
PUMA SE ADR UNSPONSORED 9,241 9,241
UNDER ARMOUR INC CLASS A 9,224 9,224
SPS COMM INC 9,199 9,199
NICE LTD ADR 9,002 9,002
KAO CORP SHS 8,864 8,864
COLUMBIA BKG SYS INC 8,832 8,832
DSV A/S 8,815 8,815
UTZ BRANDS INC 8,801 8,801
KAISER ALUM CORP 8,784 8,784
CRH PLC 8,697 8,697
BAKER HUGHES CO 8,614 8,614
OSHKOSH CORPORATION 8,556 8,556
RENESAS ELECTRONICS CORP 8,507 8,507
KB HOME 8,215 8,215
WINNEBAGO INDUSTRIES 8,123 8,123
ALEXANDRIA REAL EST EQTS 8,097 8,097
CONTINENTAL AG SPNRD ADR 8,025 8,025
DISCO CORP SHS 7,971 7,971
TRONOX HOLDINGS PLC REG 7,714 7,714
BLACKSTONE MORTGAGE TRUS 7,660 7,660
MEDPACE HLDGS INC 7,641 7,641
FIVE BELOW INC 7,137 7,137
CARGURUS 7,125 7,125
HUMANA INC 7,104 7,104
POPULAR INC COM NEW 6,960 6,960
WERNER ENTERPRISES INC 6,932 6,932
SURGERY PARTNERS INC 6,774 6,774
LIVANOVA PLC SHS 6,669 6,669
MARKETAXESS HOLDINGS INC 6,329 6,329
FMC CORP 6,222 6,222
HEXAGON AB 6,209 6,209
AMER EAGLE OUTFITTERS 5,818 5,818
VAT GROUP 5,614 5,614
COMP SIDER NACL SPNS ADR 5,604 5,604
DYCOM INDS INC 5,570 5,570
ARCOSA INC REG 5,321 5,321
GENPACT LTD HAMILTON 5,240 5,240
IRIDIUM COMMUNICATIONS 4,962 4,962
MKS INSTRUMENTS INC 4,176 4,176
CONMED CORP 3,559 3,559
VANGUARD TOTAL WORLD 68 68
ISHARES INTERNATIONAL 50 50

TY 2024 InvestmentsGovtObligationsSch
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
US Government Securities - End of Year Book Value:

1,084,031
US Government Securities - End of Year Fair Market Value:

1,084,031
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 OtherAssetsSchedule
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTEREST RECEIVABLE 11,730    


TY 2024 OtherExpensesSchedule
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 987 0   987
DUES AND SUBSCRIPTIONS 830 0   830
POSTAGE, MAILING SERVICE 2,145 0   2,145


TY 2024 OtherIncreasesSchedule
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
Description Amount
UNREALIZED GAIN (LOSS) 484,821


TY 2024 OtherLiabilitiesSchedule
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED FEES 9,334 9,954
DEFERRED TAX LIABILITY 33,896 40,665
EXCISE TAXES PAYABLE 0 969


TY 2024 OtherProfessionalFeesSchedule
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 117,360 117,360   0
PAYROLL PROCESSING 2,026 101   1,925


TY 2024 TaxesSchedule
Name:
ARIZONA FOUNDATION FOR EDUCATIONAL
 
ADVANCEMENT
EIN:
86-0664560
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 6,656 333   6,323
EXCISE TAX 17,508 0   0
DEFERRED EXCISE TAX EXPENSE 6,769 0   0