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
THE SK WELLMAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6450 ROCKSIDE WOODS BLVD S 230
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
INDEPENDENCE, OH44131
A Employer identification number

34-6520032
B Telephone number (see instructions)

(216) 621-1180
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$4,359,278J 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... 143,712 143,712 143,712
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 367,509
b Gross sales price for all assets on line 6a 1,457,251
7 Capital gain net income (from Part IV, line 2)... 367,509
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
114 114 114
12 Total. Add lines 1 through 11........ 511,335 511,335 143,826
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 46,817 0 0 0
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
39,200 19,600 19,600 19,600
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
41,067 20,534 20,534 20,533
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,652 6,452 6,452 200
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 133,736 46,586 46,586 40,333
25 Contributions, gifts, grants paid....... 241,000 241,000
26 Total expenses and disbursements. Add lines 24 and 25 374,736 46,586 46,586 281,333
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 136,599
b Net investment income (if negative, enter -0-) 464,749
c Adjusted net income (if negative, enter -0-)... 97,240
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.............      
2 Savings and temporary cash investments......... 9,758 9,559 9,559
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,194,500 Click to see attachment
List of Attached Documents:
// Content
2,321,498 		3,227,984
c Investments—corporate bonds (attach schedule)....... 1,161,759 Click to see attachment
List of Attached Documents:
// Content
1,166,103 		1,112,591
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).......... 0 Click to see attachment
List of Attached Documents:
// Content
5,595 		9,144
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,366,017 3,502,755 4,359,278
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,366,017 3,502,755
29 Total net assets or fund balances (see instructions)..... 3,366,017 3,502,755
30 Total liabilities and net assets/fund balances (see instructions). 3,366,017 3,502,755
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
3,366,017
2
Enter amount from Part I, line 27a .....................
2
136,599
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
139
4
Add lines 1, 2, and 3 ..........................
4
3,502,755
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
3,502,755
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 SALES- NORTHERN TRUST P 2024-01-01 2024-12-31
b SALES- NORTHERN TRUST P 2023-01-01 2024-12-31
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 149,369   145,089 4,280
b 1,307,882   944,653 363,229
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       4,280
b       363,229
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 2 367,509
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 4,280
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 6,460
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 6,460
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 6,460
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 3,750
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 3,750
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 2,710
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 arrowOH
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 arrowLAURENCE A BARTELL Telephone no.right arrow (216) 621-1180

Located atright arrow6450 ROCKSIDE WOODS BLVD S 230INDEPENDENCEOH ZIP+4right arrow44131
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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
WILLIE MAE MURPHY TRUSTEE
0.50 		2,500 0 0
168 MARTIN PLACE
PEARL RIVER,NY10965
JOSHUA K PRYOR TRUSTEE
0.50 		2,500 0 0
1129 FOLSON STREET
SAN FRANCISCO,CA94103
SUZANNE W ERIKSON TRUSTEE
0.50 		2,650 0 0
2972 FULLER MOUNTAIN RD
NORTH FERRISBURGH,VT05473
LAURENCE A BARTELL TRUSTEE
0.50 		36,667 0 0
6450 ROCKSIDE WOODS BLVD S 230
INDEPENDENCE,OH44131
MCCLURE ERIKSON TRUSTEE
0.50 		2,500 0 0
PO BOX 66
NORTH FERRISBURGH,VT05473
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
NONE
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 THE FOUNDATION'S CHARITABLE ACTIVITY IS TO PROVIDE GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS. DURING 2023 THE FOUNDATION MADE GRANTS TO 84 ORGANIZATIONS. 281,333
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
4,294,706
b
Average of monthly cash balances.......................
1b
157,708
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,452,414
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
4,452,414
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
66,786
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,385,628
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
219,281
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
219,281
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,460
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,460
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
212,821
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
212,821
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
212,821
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
281,333
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
281,333
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 7 212,821
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
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...... 37,329
e From 2023...... 47,642
f Total of lines 3a through e ........ 84,971
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 281,333
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 212,821
e Remaining amount distributed out of corpus 68,512
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 5 153,483
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 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 ...... 		153,483
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 37,329
d Excess from 2023.... 47,642
e Excess from 2024.... 68,512
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 e-mail address of the person to whom applications should be addressed:
LAURENCE A BARTELL
6450 ROCKSIDE WOODS BLVD S 230
INDEPENDENCE,OH44131
(216) 621-1180
bThe form in which applications should be submitted and information and materials they should include:
LAURENCE A. BARTELL NONE
cAny submission deadlines:
LAURENCE A. BARTELL APRIL 15TH
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
LAURENCE A. BARTELL NONE
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

AMERICAN CANCER SOCIETY

PO BOX 1981
CLEVELAND,OH44106 		  PC PROVIDE SUPPORT FOR CANCER PATIENTS AND CAREGIVERS 2,000

AMERICAN RED CROSS

3747 EUCLID AVE
CLEVELAND,OH44115 		  PC DISASTER AID TO NEEDY 1,000

BELIEVE IN DREAMS

23245B MERCANTILE RD
BEACHWOOD,OH44122 		  PC COMMUNITY OUTREACH 1,000

BELLEFAIRE

22001 FAIRMOUNT BLVD
CLEVELAND HTS,OH44118 		  PC AID TO NEEEY 5,000

BLOSSOM HILL

28700 CENTER RIDGE RD
WESTLAKE,OH44145 		  PC CARE FOR DISABLED ADULTS AND THEIR FAMILIES 2,000

BOYS AND GIRLS CLUBS OF NORTHEAST OHIO

6114 BROADWAY AVENUE
CLEVELAND,OH44127 		  PC YOUTH DEVELOPMENT 2,000

BOYS HOPE GIRLS HOPE

9619 GARFIELD BLVD
CLEVELAND,OH44125 		  PC AID TO NEEDY CHILDREN 2,500

BUILDING HOPE IN THE CITY

2038 W 29TH ST
CLEVELAND,OH44113 		  PC COMMUNITY OUTREACH 3,000

CASA COURT APPOINTED SPECIAL ADVOCATES

12200 FAIRHILL RD SUITE E193
CLEVELAND,OH44120 		  PC ADVOCATE FOR CHILDREN IN COURT 2,500

CENTRAL SCHOOL OF PRACTICAL NURSING

4600 CARNEGIE AVE
CLEVELAND,OH44103 		  PC SCHOLARSHIP SUPPORT 1,000

CLEVELAND ANGELS

25935 DETROIT ROAD 220
CLEVELAND,OH44145 		  PC COMMUNITY OUTREACH 3,000

CLEVELAND ANIMAL PROTECTIVE LEAGUE

1729 WILLEY AVE
CLEVELAND,OH44113 		  PC FOSTERING ANIMAL ADOPTION 5,000

CLEVELAND CLINIC TAUSSIG CANCER CENTER

10201 CARNEGIE AVE
CLEVELAND,OH44106 		  PC CANCER SUPPORT 5,000

CLEVELAND HEARING AND SPEECH CENTER

11635 EUCLID AVE
CLEVELAND,OH44106 		  PC EDUCATIONAL PROGRAMS 2,000

CLEVELAND INSTITUTE OF ART

11141 EAST BLVD
CLEVELAND,OH44106 		  PC SCHOLARSHIPS 3,000

CLEVELAND INSTITUTE OF MUSIC

11021 EAST BLVD
CLEVELAND,OH44106 		  PC SCHOLARSHIPS 2,500

CLEVELAND METROPARKS

4101 FULTON PARKWAY
CLEVELAND,OH44140 		  PC NATURE PRESERVATION 5,000

CLEVELAND MUSEUM OF ART

11150 EAST BLVD
CLEVELAND,OH44106 		  PC ART EDUCATION 1,000

CLEVELAND MUSEUM OF NATURAL HISTORY

ONE WADE OVAL DRIVE
CLEVELAND,OH44106 		  PC HISTORICAL PRESERVATION 2,000

CLEVELAND PLAYHOUSE

1901 E 13TH ST
CLEVELAND,OH44114 		  PC ART EDUCATION AND COMMUNITY OUTREACH 3,000

CLEVELAND RAPE CRISIS CENTER

1370 ONTARIO STREET
CLEVELAND,OH44115 		  PC SUPPORT FOR ABUSED WOMEN 7,000

CLEVELAND SCHOOL OF THE ARTS

10825 EAST BLVD
CLEVELAND,OH44106 		  PC EDUCATIONAL SUPPORT 2,000

CLEVELAND SIGHT CENTER

1909 EAST 101 ST
CLEVELAND,OH44106 		  PC AID TO THE BLIND 3,000

CLEVELAND ZOOLOGICAL SOCIETY

3900 WILDLIFE WAY
CLEVELAND,OH44109 		  PC EDUCATIONAL PROGRAMS 4,000

COLLEGE NOW

50 PUBLIC SQUARE
CLEVELAND,OH44113 		  PC SCHOLARSHIPS 2,000

CUYAHOGA COMMUNITY COLLEGE

700 CARNEGIE AVE
CLEVELAND,OH44115 		  PC SCHOLARSHIPS 3,000

EDEN HOUSE

7812 MADISON AVENUE
CLEVELAND,OH44102 		  PC HOUSING SUPPORT 5,000

EFFECTIVE LEADERSHIP ACADEMY

4480 RICHMOND ROAD
WARRENSVILLE HTS,OH44128 		  PC EDUCATIONAL OUTREACH 1,000

EPILEPSY ASSOCIATION

2831 PROSPECT AVE
CLEVELAND,OH44115 		  PC MEDICAL RESEARCH 2,000

ESPERANZA

3104 WEST 25TH STREET
CLEVELAND,OH44109 		  PC CULTURAL DIVERSITY 2,000

EVERSIGHT

6700 EUCLID AVENUE SUITE 101
CLEVELAND,OH44103 		  PC SIGHT RESTORATION 3,000

FAMILY PROMISE OF GREATER CLEVELAND

2592 WEST 14TH STREET
CLEVELAND,OH44113 		  PC AID TO HOMELESS 4,000

FIELDSTONE FARM- THERAPEUTIC RIDING CENTER

16497 SNYDER RD
CHAGRIN FALLS,OH44023 		  PC THERAPY SUPPORT 5,000

FISHING FOUNDATION

129 THE MALL
BEREA,OH44017 		  PC FISHING EDUCATION 1,000

FOOD RESOURCE CENTER

1928 EAST 300TH STREET
WICKLIFFE,OH44092 		  PC COMMUNITY SUPPORT 4,000

FRONT STEPS

1545 WEST 25TH STREET
CLEVELAND,OH44113 		  PC AID TO HOMELESS 2,000

GIRL SCOUTS OF NORTHEAST OHIO

1 SOUTH BEDROFD RD
MACEDONIA,OH44056 		  PC COMMUNITY OUTREACH 4,000

GIRLS ON THE RUN

8929 BRECKSVILLE ROAD
BRECKSVILLE,OH44141 		  PC COMMUNITY OUTREACH 1,000

GREAT LAKES SCIENCE CENTER

601 ERIESIDE AVENUE
CLEVELAND,OH44114 		  PC EDUCATIONAL SUPPORT 2,000

GREATER CLEVELAND FOOD BANK

13815 COIT ROAD
CLEVELAND,OH44110 		  PC NUTRITIONAL SUPPORT 5,000

GREATER CLEVELAND VOLUNTEERS

4415 EUCLID AVE
CLEVELAND,OH44103 		  PC MEDICAL RESEARCH 1,000

HAPPY TRAILS FARM ANIMAL SANCTUARY

5623 NEW MILFORD RD
RAVENNA,OH44266 		  PC ANIMAL RESCUE 4,000

HIRAM HOUSE

33775 HIRAM TRAIL
CHAGRIN FALLS,OH44022 		  PC SHELTER FOR NEEDY 1,000

HOLDEN FORESTS & GARDENS

11030 EAST BOULEVARD
CLEVELAND,OH44106 		  PC EDUCATIONAL SUPPORT 1,000

HOSPICE OF THE WESTERN RESERVE

300 EAST 185TH STREET
CLEVELAND,OH44119 		  PC AID TO TERMINALLY ILL 5,000

IDEASTREAMWVIZ

1375 EUCLID AVENUE
CLEVELAND,OH44115 		  PC COMMUNITY OUTREACH 1,000

JENNINGS

10204 GRANGER ROAD
GARFIELD HEIGHTS,OH44125 		  PC MEDICAL AID TO ELDERLY 3,000

LAKE ERIE INK

2843 WASHINGTON BOULEVARD
CLEVELAND HEIGHTS,OH44118 		  PC WRITING SPACE FOR YOUTH 2,000

LIFE ACT

29425 CHAGRIN BLVD 203
CLEVELAND,OH44122 		  PC SUICIDE PREVENTION 2,500

LUTHERAN METROPOLITAN MINISTRY

4515 SUPERIOR AVE
CLEVELAND,OH44103 		  PC RELIGIOUS SUPPORT 5,000

MALACHI HOUSE

2416 SUPERIOR AVE
CLEVELAND,OH44113 		  PC AID TO NEEDY 8,000

MEDWISH INTERNATIONAL

1625 EAST 31ST STREET
CLEVELAND,OH44114 		  PC REPURPOSE MEDICAL EQUIPMENT 2,000

MEDWORKS

19910 MALVERN ROAD
SHAKER HTS,OH44122 		  PC MEDICAL AID TO POOR 2,000

MUSIC SETTLEMENT

11125 MAGNOLIA DRIVE
CLEVELAND,OH44106 		  PC THEATRICAL SUPPORT 2,000

NEIGHBORHOOD FAMILY PRACTICE

4115 BRIDGE AVENUE SUITE 300
CLEVELAND,OH44113 		  PC MEDICAL AID TO NEEDY 3,000

PATHWAY CARING FOR CHILDREN

25300 LORAIN RD SUITE 330
NORTH OLMSTEAD,OH44070 		  PC SUPPORT FOR FOSTER CARE, ADOPTION AND MENTAL HEALTH NEEDS 2,000

PLANNED PARENTHOOD

206 EAST STATE ST
COLUMBUS,OH43215 		  PC EDUCATIONAL PROGRAMS 2,000

PROVIDENCE HOUSE

2037 WEST 32ND STREET
CLEVELAND,OH44113 		  PC AID TO NEEDY 4,000

SALVATION ARMY OF CLEVELAND

2507 EAST 22ND STREET
CLEVELAND,OH44115 		  PC AID TO NEEDY 8,000

SEEDS OF LITERACY

3104 W 25TH STREET 3RD FLOOR
CLEVELAND,OH44109 		  PC EDUCATIONAL SUPPORT 3,000

SHOES AND CLOTHES FOR KIDS

3500 LORAIN AVENUE SUITE 301
CLEVELAND,OH44113 		  PC PROVIDE SHOES AND CLOTHING FOR CHILDREN 3,000

SILVER FUR K9 RESCUE & RETIREMENT

2600 FORMAN ROAD
AUSTINBURG,OH44010 		  PC RESCUE FOR SENIOR DOGS 3,000

ST MARTIN DE PORRES

1100 EAST 63RD STREET
CLEVELAND,OH44115 		  PC EDUCATIONAL SCHOLARSHIPS 5,000

THE CLEVELAND ORCHESTRA

11001 EUCLID AVENUE
CLEVELAND,OH44106 		  PC PROVIDE SUPPORT THROUGH MUSIC 2,000

THE GATHERING PLACE

23300 COMMERCE PARK
BEACHWOOD,OH44122 		  PC COMMUNITY OUTREACH 1,000

THE METROHEALTH FOUNDATION

2500 METROHEALTH DRIVE
CLEVELAND,OH44109 		  PC BEHAVIORAL HEALTH HOSPICE 2,000

UNITED CEREBRAL PALSY

10011 EUCLID AVE
CLEVELAND,OH44106 		  PC MEDICAL RESEARCH 2,000

UNIVERSITY HOSPITALS - RAINBOW

11100 EUCLID AVE
CLEVELAND,OH44106 		  PC YOUTH CARE AND DEVELOPMENT 10,000

VOCATIONAL GUIDANCE SERVICES

2239 EAST 55TH STREET
CLEVELAND,OH44103 		  PC PATHWAYS TO EMPLOYMENT FOR DISABLED 2,000

WAGS 4 KIDS

112 EAST CENTER STREET
BEREA,OH44017 		  PC SERVICE DOGS FOR CHILDREN 2,000

YOUTH CHALLENGE

800 SHARON DRIVE
WESTLAKE,OH44122 		  PC ADAPTIVE SPORTS 2,000

YOUTH OPPORTUNITIES UNLIMITED

1228 EUCLID AVE SUITE 200
CLEVELAND,OH44115 		  PC SUPPORT TEENS AND YOUNG ADULTS 2,000

CAMP HO MITA KODA

14040 AUBURN RD
NEWBURY TOWNSHIP,OH44065 		  PC YOUTH CAMP 3,000

CANALWAY PARTNERS

6801 BRECKSVILLE RD 185
INDEPENDENCE,OH44131 		  PC NATURE PRESERVATION 2,000

FAMILY CONNECTIONS

11201 SHAKER BLVD 301
CLEVELAND,OH44104 		  PC COMMUNITY OUTREACH 2,000

FOSTERING HOPE

5351-C NAIMAN PARKWAY
SOLON,OH44139 		  PC COMMUNITY OUTREACH 2,000

LAKE ERIE NATURE & SCIENCE CENTER

28728 WOLF ROAD
BAY VILLAGE,OH44140 		  PC COMMUNITY OUTREACH 3,000

RECOVERY RESOURCE

4269 PEARL ROAD
CLEVELAND,OH44109 		  PC ASSISTANCE FOR RECOVERY 2,000

RESCUE VILLAGE

15463 CHILLICOTHE ROAD
NOVELTY,OH44072 		  PC ANIMAL WELFARE 2,000

STELLA MARIS

1320 WASHINGTON AVENUE
CLEVELAND,OH44113 		  PC SUPPORT FOR RECOVERY 3,000

THE LITTLEST HEROES

PO BOX 470188
CLEVELAND,OH44147 		  PC SUPPORT CHILDREN BATTLING CANCER 3,000

SINGING ANGELS

3600 BIDDULPH AVENUE SUITE A
CLEVELAND,OH44109 		  PC SUPPORTING THE ARTS 2,000

THE TURN

ONE GOLFVIEW LANE
NORTH OLMSTED,OH44070 		  PC SUPPORT FOR ACCESSIBILITY 2,000

UNITED WAY

1331 EUCLID AVENUE
CLEVELAND,OH44115 		  PC HOUSING AND HEALTHCARE SUPPORT 2,000
Total .................................right arrow 3a 241,000
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 ....     18 143,712  
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 .....     14 114  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 367,509  
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) .. 0 511,335 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
511,335
(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:
THE SK WELLMAN FOUNDATION
EIN:
34-6520032
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 39,200 19,600 19,600 19,600

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE SK WELLMAN FOUNDATION
EIN:
34-6520032
Name of Bond End of Year Book Value End of Year Fair Market Value
MFB NORTHERN FUNDS FIXED 92,851 83,843
MFC FLEXSHARES ULTRA-SHORT 374,029 375,855
MFO BLACKROCK FDS HIGH YIELD 405,998 390,770
MFO BLACKROCK RUNDS V FLTG RATE INCOME 98,255 98,476
MFO DOUBLELINE CORE FIXED INCOME FUND 88,649 74,872
MFO VANGUARD INFLATION 82,523 65,185
FLEXSHARES TR IBOXX 3 YEAR 23,798 23,590

TY 2024 InvestmentsCorpStockSchedule
Name:
THE SK WELLMAN FOUNDATION
EIN:
34-6520032
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 7,513 7,239
ACCENTURE PLC 1,000 6,332
ADOBE SYSTEMS 8,741 7,115
ADYEN N V ADR 1,077 2,052
AIA GROUP 1,680 1,960
AIR LIQUIDE 675 1,484
AIRBNB INC CL A COM USD 6,028 5,782
ALCON AG COM 1,801 2,377
ALFA LAVAL 998 2,450
ALLIANZ SE ADR 3,242 5,864
ALPHABET INC 2,279 12,188
AMAZON 11,633 23,036
AMBEV SA 1,755 1,389
ATLAS COPCO 849 2,496
BANCO BILBAO 2,135 3,246
BHP GROUP LTD SPONSORED ADR 3,672 2,246
CANADIAN NATIONAL RY CO 767 1,320
CHUGAI PHARMACEUTICALS CO 2,552 4,438
CREDICORP LTD COM STK (BAP) 1,417 1,833
DAIFUKU CO 1,278 1,369
DASSAULT SYS 2,890 3,823
DBS GROUP HOLDINGS 3,179 6,914
ELI LILLY & CO COM 5,583 6,176
ENN ENERGY HOLDINGS LTD ADR 2,421 2,190
EPIROC AN UNSPOON ADS 1,087 1,979
FOMENTO 2,638 3,334
GARTNER INC 543 2,907
GDR ASSA ABLOY AB ADR (ASAZY) 1,372 1,817
GENMAB A/S SPONSORED ADR 2,297 1,190
HAIER SMART HOME CO LTD ADR 1,845 2,226
HALEON PLC ADR (HLN) 3,684 4,255
HDFC BK LTD 4,770 4,790
INFINEON TECHNOLOGIES 1,702 4,346
KOMATSU LTD 1,264 2,022
LINDE 805 2,093
LOREAL CO 1,800 3,521
MANULIFE FINANCIAL CORP 2,479 4,392
MASTERCARD 1,789 9,478
MFB NORTHERN EMERGING 29,888 35,346
MFB NORTHERN GLOBAL R/E 94,877 96,615
MFB NORTHERN STOCK INDEX 578,366 902,622
MFC DIMENSIONAL INTERNATIONAL VALUE 101,579 113,536
MFC FLEXSHARES MORNINGSTAR GBL 93,719 113,625
MFC FLEXSHARES STOXX GLOBAL 74,153 92,667
MFC ISHARES MSCI 119,252 151,220
MFC ISHARES RUSSELL 1000 600,701 662,607
MFC ISHARES RUSSELL 2000 29,606 141,414
MFC ISHARES RUSSELL MIDCAP 33,404 198,016
MFO DFA INVT DIMENSIONS 41,312 56,540
MICROSOFT 12,733 14,331
NESTLE 3,623 2,941
NETFILX 2,257 8,913
NORTHERN FUNDS US GOV'T MONEY MARKET FUNDSINGLE CL 108,450 108,450
NOVO-NORDISK A S ADR (NVO) 2,934 2,753
NOVZYMES 1,089 1,187
PERUSAHAAN PERSEROAN PERSERO 1,922 1,530
PING AN AMERICAN INSURANCE SPONSORED 1,805 1,013
PJSC LUKOIL SPONSORED ADR 10,708 884
RIO TINTO PLC 1,861 2,352
ROCHE HOLDINGS 3,345 3,558
ROYAL DUTCH SHELL PLC 3,786 4,323
SAP SE 1,496 4,678
SCHNEIDER ELECTRIC 1,559 4,120
SERVICENOW INC 2,276 9,541
SHIMANO INC 1,217 977
SHIONOGI & CO LTD 1,723 1,378
SONOA HOLDINGS 641 1,561
SONY GROUP CORPORATION SPON ADS EACH REPR 3,193 3,957
SYMRISE AG 1,151 1,849
SYSMEX CORP 3,126 3,181
TAIWAN SEMICONDUCTOR MRG CO 707 6,122
TENCENT HLDGS LTD 2,599 3,084
THERMO FISHER CORP 7,990 7,283
UNICHARM CORP 1,600 1,455
UNITEDHEALTH GROUP INC 2,128 3,541
VISA INC 8,306 11,061
WORKDAY INC CL A COM 4,769 5,419
ZOETIS INC 7,567 6,680
APPLE 8,148 9,015
COLOPLAST A/S 1,509 1,303
COSTAR 2,722 2,649
DISCO CORP 1,818 1,807
GRUPO FIANCIERO BANORTE 1,672 1,252
MSCI 5,368 6,600
ORACLE 8,974 9,998
PAYCOM 2,755 3,280
TECHTRONIC INDS 1,601 1,443
ZTO EXPRESS CAYMAN INC 1,514 1,525
MFC ISHARES RUSSELL 1000 VALUE 177,211 231,413
MERCADOLIBRE INC 1,548 1,700

TY 2024 InvestmentsOtherSchedule2
Name:
THE SK WELLMAN FOUNDATION
EIN:
34-6520032
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SHOPIFY AT COST 5,595 9,144

TY 2024 OtherIncomeSchedule2
Name:
THE SK WELLMAN FOUNDATION
EIN:
34-6520032
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 114 114 114


TY 2024 OtherIncreasesSchedule
Name:
THE SK WELLMAN FOUNDATION
EIN:
34-6520032
Description Amount
RETURN OF CAPITAL 139


TY 2024 OtherProfessionalFeesSchedule
Name:
THE SK WELLMAN FOUNDATION
EIN:
34-6520032
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NORTHERN TRUST CUSTODIAL FEES 36,259 18,130 18,130 18,129
NORTHERN TRUST INVESTMENT MGMT 4,808 2,404 2,404 2,404


TY 2024 TaxesSchedule
Name:
THE SK WELLMAN FOUNDATION
EIN:
34-6520032
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,949 1,949 1,949 0
OHIO FEE 200 0 0 200
PROPERTY TAXES 4,503 4,503 4,503 0