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 LOWNDES FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)100 FEDERAL ST 37TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

57-1027898
B Telephone number (see instructions)

(864) 583-3635
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$20,807,727J 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) 2,626
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 274,929 257,319  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,377,143
b Gross sales price for all assets on line 6a 3,942,626
7 Capital gain net income (from Part IV, line 2)... 1,377,143
8 Net short-term capital gain......... 0
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
17,779 17,779  
12 Total. Add lines 1 through 11........ 1,672,477 1,652,241  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,371 1,028 0 343
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
59,605 44,704   14,901
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
26,626 1,881   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
91 91   91
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 87,693 47,704 0 15,335
25 Contributions, gifts, grants paid....... 935,000 935,000
26 Total expenses and disbursements. Add lines 24 and 25 1,022,693 47,704 0 950,335
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 649,784
b Net investment income (if negative, enter -0-) 1,604,537
c Adjusted net income (if negative, enter -0-)... 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............. 13,938 15,171 15,171
2 Savings and temporary cash investments......... 1,208,465 1,395,479 1,395,479
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment
List of Attached Documents:
// Content
79,394 		78,488
b Investments—corporate stock (attach schedule)....... 5,366,464 Click to see attachment
List of Attached Documents:
// Content
5,229,221 		12,002,673
c Investments—corporate bonds (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
404,947 		403,211
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
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
6,191,511 		Click to see attachment
List of Attached Documents:
// Content
6,455,364 		Click to see attachment
List of Attached Documents:
// Content
6,912,705
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,780,378 13,579,576 20,807,727
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
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........ 12,780,378 13,579,576
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)..... 12,780,378 13,579,576
30 Total liabilities and net assets/fund balances (see instructions). 12,780,378 13,579,576
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
12,780,378
2
Enter amount from Part I, line 27a .....................
2
649,784
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
157,966
4
Add lines 1, 2, and 3 ..........................
4
13,588,128
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
8,552
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,579,576
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 65. COSTCO WHOLESALE CORPORATION     2024-01-11
b 47. PROLOGIS INC COM   2022-12-15 2024-01-11
c 15. PROLOGIS INC COM   2022-12-15 2024-01-11
d 136. PROLOGIS INC COM     2024-01-11
e .762 ARCADIUM LITHIUM PLC   2019-03-22 2024-01-12
880.754 MATTHEWS PACIFIC TIGER-INST   2023-12-14 2024-01-16
27652.169 MATTHEWS PACIFIC TIGER-INST     2024-01-16
78. CROWDSTRIKE HOLDINGS INC - A   2023-09-18 2024-01-17
44. ANSYS INC   2009-04-15 2024-01-29
32. MSCI INC   2017-01-30 2024-01-29
89. HOME DEPOT INC.     2024-02-08
9. HOME DEPOT INC.   2021-02-22 2024-02-08
49. ROPER TECHNOLOGIES INC   2022-07-28 2024-02-08
15. ROPER TECHNOLOGIES INC   2022-07-28 2024-02-08
15. CROWN HOLDINGS INC   2018-09-14 2024-02-13
367. CROWN HOLDINGS INC     2024-02-13
14. CROWN HOLDINGS INC   2012-08-02 2024-02-13
73. S&P GLOBAL INC     2024-02-27
105. VISA INC-CLASS A SHARES   2021-01-29 2024-02-27
74. COSTCO WHOLESALE CORPORATION   2021-03-10 2024-03-08
36. KLA CORP   2019-10-11 2024-03-15
71. FLOOR & DECOR HOLDINGS INC-A   2021-05-12 2024-03-18
78. SBA COMMUNICATIONS CORP   2011-12-22 2024-03-18
3. MARTIN MARIETTA MATERIALS   2021-05-17 2024-04-17
11. MARTIN MARIETTA MATERIALS     2024-04-17
54. VERALTO CORP     2024-04-17
19. VERALTO CORP     2024-04-17
6. VERALTO CORP   2008-03-10 2024-04-17
24. MARTIN MARIETTA MATERIALS   2021-05-26 2024-04-18
81. VERALTO CORP     2024-04-18
39.9999 VERALTO CORP     2024-04-18
41.0001 VERALTO CORP   2008-10-21 2024-04-18
4. CHIPOTLE MEXICAN GRILL INC   2021-06-04 2024-04-22
219. ON SEMICONDUCTOR   2023-02-10 2024-04-22
61. LINDE PLC     2024-04-26
105. HONEYWELL INTL INC     2024-05-10
55. HONEYWELL INTL INC   2017-06-20 2024-05-10
3. HONEYWELL INTL INC   2021-11-04 2024-05-10
34. NEXTERA ENERGY INC     2024-05-10
77. NEXTERA ENERGY INC     2024-05-10
28. NEXTERA ENERGY INC   2022-01-27 2024-05-10
40. NEXTERA ENERGY INC   2022-01-27 2024-05-10
112. NEXTERA ENERGY INC   2022-01-27 2024-05-10
45. NEXTERA ENERGY INC   2022-01-27 2024-05-10
106. NEXTERA ENERGY INC   2022-01-27 2024-05-10
122. ANALOG DEVICES INC   2018-10-16 2024-05-14
18. ANALOG DEVICES INC   2018-10-16 2024-05-14
35. ANALOG DEVICES INC     2024-05-14
.912 EXXON MOBIL CORP   2016-11-03 2024-05-14
53. ANALOG DEVICES INC   2018-10-17 2024-05-15
141. CROWDSTRIKE HOLDINGS INC - A   2023-04-12 2024-06-10
136. SPROUTS FARMERS MARKET INC   2015-11-13 2024-06-10
183. DANAHER CORP COM     2024-06-11
189. T-MOBILE US INC     2024-06-11
215. AGILENT TECHNOLOGIES INC     2024-06-18
11. AGILENT TECHNOLOGIES INC   2023-05-25 2024-06-18
384. AMPHENOL CORP-CL A   2010-08-05 2024-06-20
26. CROWDSTRIKE HOLDINGS INC - A   2023-04-12 2024-06-24
25. KLA CORP   2019-10-11 2024-06-24
135. MICROCHIP TECHNOLOGY INC     2024-06-24
152. AVANTOR INC   2020-07-15 2024-06-25
145. AVANTOR INC     2024-06-25
77. AVANTOR INC   2020-07-08 2024-06-25
108. ICON PLC     2024-06-25
31. CINTAS CORP     2024-06-26
277. COPART INC COM     2024-06-26
33. CADENCE DESIGN SYS INC   2020-05-18 2024-07-10
22. CINTAS CORP     2024-07-10
25. CROWDSTRIKE HOLDINGS INC - A   2023-06-28 2024-07-10
26. CROWDSTRIKE HOLDINGS INC - A   2023-06-28 2024-07-18
8. CROWDSTRIKE HOLDINGS INC - A   2023-06-28 2024-07-18
101. FIVE BELOW     2024-07-18
98. FIVE BELOW   2020-07-13 2024-07-18
43. CROWDSTRIKE HOLDINGS INC - A   2023-06-28 2024-07-22
175. LAMB WESTON HOLDINGS INC     2024-07-29
106. S&P GLOBAL INC   2020-12-04 2024-08-07
114. T-MOBILE US INC   2018-05-14 2024-08-07
263. EDWARDS LIFESCIENCES CORP   2016-01-20 2024-08-28
81. HUMANA INC     2024-09-13
268. PINTEREST INC- CLASS A     2024-09-13
103. NEXTERA ENERGY INC   2022-01-27 2024-09-20
513. NEXTERA ENERGY INC     2024-09-20
157. ULTA BEAUTY INC     2024-09-20
125. HOME DEPOT INC.     2024-10-11
75. PROCORE TECHNOLOGIES INC   2024-07-22 2024-10-15
99. PROCORE TECHNOLOGIES INC     2024-10-15
31. ULTA BEAUTY INC   2022-04-29 2024-10-15
180. DEXCOM INC     2024-10-16
117. ENTEGRIS INC     2024-10-16
137. T-MOBILE US INC   2018-05-14 2024-10-22
139. CHARLES RIVER LABORATORIES     2024-10-29
28. CHARLES RIVER LABORATORIES   2020-06-25 2024-10-29
90000. US TREASURY N/B 4.375% 31 OCT 2024   2024-01-17 2024-10-31
5. EDWARDS LIFESCIENCES CORP   2023-12-08 2024-11-01
57. EDWARDS LIFESCIENCES CORP   2023-12-08 2024-11-01
231. EDWARDS LIFESCIENCES CORP   2023-12-08 2024-11-01
342. EDWARDS LIFESCIENCES CORP     2024-11-04
416. EDWARDS LIFESCIENCES CORP     2024-11-05
128. MAGNERA CORP   2013-04-19 2024-11-07
276. HONEYWELL INTL INC     2024-11-13
179. ARCADIUM LITHIUM PLC   2019-03-22 2024-11-13
1214. ARCADIUM LITHIUM PLC     2024-11-13
596. ARCADIUM LITHIUM PLC     2024-11-13
272. APTIV PLC     2024-11-13
.4818 MAGNERA CORP   2013-04-19 2024-11-14
106. ABBOTT LABORATORIES COM     2024-12-10
64. ACADEMY SPORTS & OUTDOORS IN     2024-12-10
39. ADOBE SYSTEMS INC   2017-03-06 2024-12-10
35. ALIGN TECHNOLOGY INC   2022-05-03 2024-12-10
43. ALNYLAM PHARMACEUTICALS INC     2024-12-10
363. ALPHABET INC-CL C     2024-12-10
299. AMAZON.COM     2024-12-10
54. AMERICAN TOWER CORPORATION   2024-01-11 2024-12-10
70. CENCORA INC     2024-12-10
43. AMERIPRISE FINANCIAL INC   2011-01-18 2024-12-10
58. AMETEK INC     2024-12-10
213. AMPHENOL CORP-CL A   2010-08-05 2024-12-10
39. ANALOG DEVICES INC   2018-10-17 2024-12-10
15. ANSYS INC   2009-04-15 2024-12-10
16. ELEVANCE HEALTH INC   2024-11-05 2024-12-10
191. APPLE INC COM   2009-09-02 2024-12-10
101. ARES MANAGEMENT CORP - A     2024-12-10
249. ASTRAZENECA PLC-SPONS ADR   2020-09-21 2024-12-10
24. AUTOMATIC DATA PROCESSING, INC.   2008-10-28 2024-12-10
5. AUTOZONE INC   2008-02-04 2024-12-10
163. AVANTOR INC   2020-07-08 2024-12-10
91. BERRY GLOBAL GROUP INC   2013-04-19 2024-12-10
14. BIO-RAD LABORATORIES-A   2023-10-27 2024-12-10
100. BLACKSTONE INC   2019-07-23 2024-12-10
10. BLACKROCK INC   2010-11-08 2024-12-10
42. CME GROUP INC   2023-10-10 2024-12-10
53. CADENCE DESIGN SYS INC   2020-05-18 2024-12-10
17. CHENIERE ENERGY INC     2024-12-10
73. CHENIERE ENERGY INC     2024-12-10
52. CHEVRON TEXACO CORP   2018-08-27 2024-12-10
167. CHIPOTLE MEXICAN GRILL INC     2024-12-10
267. CISCO SYSTEMS INC   2017-08-15 2024-12-10
48. CINTAS CORP   2023-08-14 2024-12-10
85. CONOCOPHILLIPS   2023-02-03 2024-12-10
186. COPART INC COM     2024-12-10
41. CORPAY INC     2024-12-10
62. COSTAR GROUP INC   2019-01-08 2024-12-10
18. CROWDSTRIKE HOLDINGS INC - A   2023-09-18 2024-12-10
12. CURTISS-WRIGHT CORP   2024-10-29 2024-12-10
51. DANAHER CORP COM   2023-07-06 2024-12-10
136. DATADOG INC - CLASS A     2024-12-10
88. DEXCOM INC   2023-10-24 2024-12-10
39. DIAMONDBACK ENERGY INC COM   2022-01-19 2024-12-10
128. WALT DISNEY COMPANY     2024-12-10
15. DOMINO'S PIZZA INC   2019-02-14 2024-12-10
242. DRAFTKINGS INC-CL A   2024-09-13 2024-12-10
74. ENTEGRIS INC   2024-06-24 2024-12-10
11. ENTEGRIS INC   2021-05-12 2024-12-10
145. EXXON MOBIL CORP   2016-11-03 2024-12-10
54. FMC CORP   2017-02-24 2024-12-10
19. META PLATFORMS INC-CLASS A   2024-02-08 2024-12-10
135. FIDELITY NATIONAL INFO SERV     2024-12-10
80. FISERV INC   2008-09-22 2024-12-10
51. FLOOR & DECOR HOLDINGS INC-A   2021-05-12 2024-12-10
39. GE HEALTHCARE TECHNOLOGY   2023-11-21 2024-12-10
27. GALLAGHER ARTHUR J & C   2024-07-29 2024-12-10
33. GLOBUS MEDICAL INC - A   2024-10-16 2024-12-10
33. HOME DEPOT INC.   2013-12-04 2024-12-10
42. HONEYWELL INTL INC   2017-03-21 2024-12-10
148. HOWMET AEROSPACE INC   2021-06-16 2024-12-10
25. HUBBELL INC   2013-10-02 2024-12-10
30. HUBSPOT INC   2023-06-28 2024-12-10
35. IDEX CORP   2020-04-03 2024-12-10
14. IDEXX LABS INC   2024-06-25 2024-12-10
110. INGERSOLL RAND INC   2021-06-16 2024-12-10
95. INTERCONTINENTAL EXCHANGE IN   2023-03-02 2024-12-10
60. IQVIA HOLDINGS INC     2024-12-10
66. J.P. MORGAN CHASE & CO.   2010-01-26 2024-12-10
49. KEYSIGHT TECHNOLOGIES IN     2024-12-10
37. LIVE NATION ENTERTAINMENT IN   2022-06-28 2024-12-10
13. MSCI INC   2017-01-30 2024-12-10
41. MARRIOTT INTERNATIONAL -CL A     2024-12-10
18. MARTIN MARIETTA MATERIALS     2024-12-10
111. MARVELL TECHNOLOGY INC   2020-04-03 2024-12-10
85. MASCO CORP   2017-05-22 2024-12-10
45. MC DONALDS CORP   2023-11-20 2024-12-10
178. MICROSOFT CORP   2011-03-15 2024-12-10
100. MICROCHIP TECHNOLOGY INC   2009-04-15 2024-12-10
115. MONDELEZ INTERNATIONAL INC-A   2022-09-16 2024-12-10
17. MONGODB INC   2024-09-13 2024-12-10
14. MONOLITHIC POWER SYSTEMS INC     2024-12-10
186. MONSTER BEVERAGE CORP   2024-10-14 2024-12-10
142. MONSTER BEVERAGE CORP   2008-11-04 2024-12-10
123. NEXTERA ENERGY INC   2021-05-17 2024-12-10
437. NVIDIA CORP   2023-11-22 2024-12-10
5. O'REILLY AUTOMOTIVE INC   2024-06-11 2024-12-10
40. OSHKOSH CORP   2021-01-11 2024-12-10
120. OTIS WORLDWIDE CORP     2024-12-10
49. PNC BANK CORP.   2020-11-16 2024-12-10
69. PEPSICO INC.   2023-12-15 2024-12-10
75. REVVITY INC     2024-12-10
240. PINTEREST INC- CLASS A   2024-01-29 2024-12-10
33. PROCORE TECHNOLOGIES INC     2024-12-10
88. PROLOGIS INC COM   2024-11-13 2024-12-10
97. QUALCOMM INC   2024-08-07 2024-12-10
116. RTX CORP     2024-12-10
39. REGAL REXNORD CORP   2021-10-20 2024-12-10
22. ROPER TECHNOLOGIES INC     2024-12-10
17. ROPER TECHNOLOGIES INC     2024-12-10
104. ROSS STORES INC   2023-08-22 2024-12-10
17. S&P GLOBAL INC   2020-12-04 2024-12-10
18. SBA COMMUNICATIONS CORP   2011-12-22 2024-12-10
15. SAIA INC   2023-09-22 2024-12-10
75. SALESFORCE INC   2021-04-28 2024-12-10
130. SPROUTS FARMERS MARKET INC   2015-11-13 2024-12-10
23. STRYKER CORP   2022-07-28 2024-12-10
95. TJX COMPANIES INC. NEW   2022-09-30 2024-12-10
35. T-MOBILE US INC     2024-12-10
153. THE TRADE DESK INC COM CL A   2023-08-25 2024-12-10
21. THERMO ELECTRON CORP COM     2024-12-10
49. TRACTOR SUPPLY COMPANY     2024-12-10
115. TRADEWEB MARKETS INC-CLASS A     2024-12-10
97. TRANSUNION   2017-04-27 2024-12-10
199. US BANCORP NEW   2021-02-22 2024-12-10
13. ULTA BEAUTY INC     2024-12-10
57. UNION PACIFIC CORP   2023-05-23 2024-12-10
153. US FOODS HOLDING CORP     2024-12-10
53. UNITEDHEALTH GROUP INC   2020-03-26 2024-12-10
125. VALVOLINE INC   2024-03-19 2024-12-10
65. VEEVA SYSTEMS INC-CLASS A     2024-12-10
46. VERTIV HOLDINGS CO-A     2024-12-10
181. VICI PROPERTIES INC   2023-03-27 2024-12-10
111. VISA INC-CLASS A SHARES     2024-12-10
40. WEC ENERGY GROUP INC     2024-12-10
64. WASTE CONNECTIONS INC     2024-12-10
27. WESCO INTERNATIONAL INC   2023-09-22 2024-12-10
40. WORKDAY INC-CLASS A   2024-10-22 2024-12-10
32. ZOETIS INC   2018-12-18 2024-12-10
47. ZSCALER INC   2024-01-17 2024-12-10
110. ZURN ELKAY WATER SOLUTIONS C     2024-12-10
12. ICON PLC   2021-05-07 2024-12-10
29. LINDE PLC     2024-12-10
42. PENTAIR PLC     2024-12-10
100. TE CONNECTIVITY PLC     2024-12-10
26. CYBERARK SOFTWARE LTD/ISRAEL   2024-06-10 2024-12-10
1.00027 MONDAY.COM LTD   2024-10-15 2024-12-10
35.99973 MONDAY.COM LTD   2024-10-15 2024-12-10
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 43,731   21,179 22,552
b 6,160   5,587 573
c 1,973   1,783 190
d 17,828   16,038 1,790
e 5   4 1
15,440   15,977 -537
484,743   560,768 -76,025
21,450   13,077 8,373
14,617   1,169 13,448
17,462   2,660 14,802
32,313   24,791 7,522
3,279   2,500 779
26,589   21,304 5,285
8,132   6,522 1,610
1,106   689 417
26,928   13,464 13,464
1,032   499 533
31,204   27,138 4,066
29,621   20,656 8,965
54,054   24,020 30,034
24,667   5,806 18,861
8,433   7,324 1,109
16,713   3,314 13,399
1,779   1,132 647
6,518   4,040 2,478
4,906   1,144 3,762
1,720   178 1,542
546   56 490
14,188   8,791 5,397
7,287   667 6,620
3,587   3,281 306
3,677   320 3,357
11,570   5,316 6,254
13,293   18,266 -4,973
27,020   17,838 9,182
21,173   18,583 2,590
11,081   7,141 3,940
605   671 -66
2,520   2,595 -75
5,706   5,797 -91
2,066   2,053 13
2,963   2,933 30
8,266   8,211 55
3,320   3,299 21
7,868   7,771 97
25,797   10,449 15,348
3,807   1,542 2,265
7,381   2,997 4,384
107   67 40
11,320   4,535 6,785
53,761   19,143 34,618
10,259   3,121 7,138
48,135   9,167 38,968
33,959   10,867 23,092
28,731   26,427 2,304
1,470   1,314 156
26,448   2,174 24,274
9,881   3,530 6,351
19,983   4,032 15,951
12,069   1,104 10,965
3,354   2,870 484
3,218   2,719 499
1,710   1,426 284
33,811   24,824 8,987
21,868   12,284 9,584
15,141   10,748 4,393
10,513   2,763 7,750
15,673   5,687 9,986
9,267   3,618 5,649
8,842   3,762 5,080
2,770   1,158 1,612
7,387   12,678 -5,291
7,284   9,963 -2,679
11,445   6,223 5,222
9,772   17,238 -7,466
50,837   35,821 15,016
21,769   6,447 15,322
18,058   6,489 11,569
26,112   2,443 23,669
7,721   11,276 -3,555
8,576   7,551 1,025
42,716   37,086 5,630
63,290   73,569 -10,279
51,347   30,719 20,628
4,723   5,211 -488
6,230   6,876 -646
11,578   12,496 -918
12,408   19,220 -6,812
12,033   15,409 -3,376
30,124   7,748 22,376
25,499   28,077 -2,578
5,132   4,807 325
90,000   90,000  
340   346 -6
3,861   3,940 -79
15,634   15,966 -332
22,760   23,102 -342
27,633   27,795 -162
2,397   655 1,742
64,536   34,558 29,978
946   964 -18
6,419   5,704 715
3,128   1,343 1,785
15,246   15,784 -538
9   2 7
12,255   10,675 1,580
3,364   3,199 165
21,437   4,685 16,752
8,298   10,568 -2,270
10,985   7,080 3,905
67,481   6,789 60,692
67,577   18,113 49,464
10,827   11,184 -357
16,639   12,465 4,174
23,544   2,622 20,922
10,969   7,174 3,795
15,529   1,206 14,323
8,388   3,337 5,051
5,078   399 4,679
6,297   6,691 -394
47,283   1,134 46,149
17,895   9,068 8,827
16,815   13,823 2,992
7,228   700 6,528
16,896   590 16,306
3,693   3,019 674
6,299   1,418 4,881
4,784   3,803 981
19,120   4,413 14,707
10,610   1,630 8,980
10,037   9,122 915
15,945   4,438 11,507
3,629   2,465 1,164
15,582   12,119 3,463
8,220   6,241 1,979
10,839   4,439 6,400
15,670   8,595 7,075
10,067   5,921 4,146
8,751   9,365 -614
11,433   8,377 3,056
14,710   10,346 4,364
4,779   2,160 2,619
6,277   3,018 3,259
4,415   4,263 152
12,030   11,140 890
21,128   13,293 7,835
6,987   7,590 -603
6,464   4,921 1,543
14,586   21,692 -7,106
6,855   4,341 2,514
10,234   9,390 844
7,831   9,744 -1,913
1,164   1,141 23
16,422   10,670 5,752
3,103   2,708 395
11,746   8,892 2,854
11,460   12,188 -728
16,057   1,025 15,032
5,774   5,261 513
3,200   2,863 337
7,709   7,602 107
2,738   2,475 263
14,015   2,583 11,432
9,603   5,070 4,533
16,975   5,212 11,763
11,209   2,636 8,573
21,836   15,843 5,993
8,018   4,827 3,191
6,263   6,856 -593
11,234   5,231 6,003
15,034   9,688 5,346
12,415   13,948 -1,533
16,049   2,591 13,458
8,385   4,197 4,188
4,962   3,177 1,785
8,220   1,081 7,139
11,812   936 10,876
10,151   6,570 3,581
11,816   2,486 9,330
6,791   3,165 3,626
13,547   12,507 1,040
79,134   4,505 74,629
6,118   723 5,395
7,113   6,920 193
5,045   4,990 55
8,329   12,487 -4,158
9,897   9,616 281
7,556   307 7,249
9,094   8,890 204
59,291   20,985 38,306
6,320   4,986 1,334
4,103   3,683 420
12,049   7,846 4,203
10,042   6,159 3,883
11,017   11,542 -525
8,951   9,200 -249
7,639   9,336 -1,697
2,666   2,026 640
9,969   10,238 -269
15,189   15,219 -30
13,684   8,371 5,313
6,576   5,821 755
12,086   9,548 2,538
9,338   680 8,658
16,269   12,299 3,970
8,715   5,745 2,970
3,935   765 3,170
7,850   5,809 2,041
26,213   17,750 8,463
19,090   2,983 16,107
8,818   5,049 3,769
12,054   5,959 6,095
8,165   1,979 6,186
20,278   11,484 8,794
11,360   2,785 8,575
13,991   5,243 8,748
14,759   9,485 5,274
9,480   3,922 5,558
10,234   10,140 94
5,385   5,209 176
13,545   11,246 2,299
10,679   6,082 4,597
29,953   12,952 17,001
4,877   5,605 -728
16,105   13,569 2,536
5,591   5,836 -245
5,705   5,665 40
34,600   11,226 23,374
3,870   3,602 268
11,877   8,417 3,460
5,379   3,996 1,383
10,949   9,855 1,094
5,704   2,730 2,974
9,540   10,534 -994
4,492   4,268 224
2,604   2,748 -144
12,900   6,239 6,661
4,538   1,620 2,918
15,182   13,706 1,476
8,184   6,474 1,710
277   287 -10
9,981   10,344 -363
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
      99,410
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       22,552
b       573
c       190
d       1,790
e       1
      -537
      -76,025
      8,373
      13,448
      14,802
      7,522
      779
      5,285
      1,610
      417
      13,464
      533
      4,066
      8,965
      30,034
      18,861
      1,109
      13,399
      647
      2,478
      3,762
      1,542
      490
      5,397
      6,620
      306
      3,357
      6,254
      -4,973
      9,182
      2,590
      3,940
      -66
      -75
      -91
      13
      30
      55
      21
      97
      15,348
      2,265
      4,384
      40
      6,785
      34,618
      7,138
      38,968
      23,092
      2,304
      156
      24,274
      6,351
      15,951
      10,965
      484
      499
      284
      8,987
      9,584
      4,393
      7,750
      9,986
      5,649
      5,080
      1,612
      -5,291
      -2,679
      5,222
      -7,466
      15,016
      15,322
      11,569
      23,669
      -3,555
      1,025
      5,630
      -10,279
      20,628
      -488
      -646
      -918
      -6,812
      -3,376
      22,376
      -2,578
      325
       
      -6
      -79
      -332
      -342
      -162
      1,742
      29,978
      -18
      715
      1,785
      -538
      7
      1,580
      165
      16,752
      -2,270
      3,905
      60,692
      49,464
      -357
      4,174
      20,922
      3,795
      14,323
      5,051
      4,679
      -394
      46,149
      8,827
      2,992
      6,528
      16,306
      674
      4,881
      981
      14,707
      8,980
      915
      11,507
      1,164
      3,463
      1,979
      6,400
      7,075
      4,146
      -614
      3,056
      4,364
      2,619
      3,259
      152
      890
      7,835
      -603
      1,543
      -7,106
      2,514
      844
      -1,913
      23
      5,752
      395
      2,854
      -728
      15,032
      513
      337
      107
      263
      11,432
      4,533
      11,763
      8,573
      5,993
      3,191
      -593
      6,003
      5,346
      -1,533
      13,458
      4,188
      1,785
      7,139
      10,876
      3,581
      9,330
      3,626
      1,040
      74,629
      5,395
      193
      55
      -4,158
      281
      7,249
      204
      38,306
      1,334
      420
      4,203
      3,883
      -525
      -249
      -1,697
      640
      -269
      -30
      5,313
      755
      2,538
      8,658
      3,970
      2,970
      3,170
      2,041
      8,463
      16,107
      3,769
      6,095
      6,186
      8,794
      8,575
      8,748
      5,274
      5,558
      94
      176
      2,299
      4,597
      17,001
      -728
      2,536
      -245
      40
      23,374
      268
      3,460
      1,383
      1,094
      2,974
      -994
      224
      -144
      6,661
      2,918
      1,476
      1,710
      -10
      -363
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,377,143
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 22,303
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 22,303
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 22,303
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 13,800
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 8,503
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 arrow0 Refundedright arrow 11 0
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowSC
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 arrow  
14
The books are in care ofright arrowCIBC National Trust Company Telephone no.right arrow (617) 357-9600

Located atright arrow100 FEDERAL ST 37TH FLBOSTONMA ZIP+4right arrow02110
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
WILLIAM LOWNDES III PRES/TREAS, AS REQUIRED
0 		0    
PO BOX 5042
SPARTANBURG,SC29304
HENRIETTA M LOWNDES SEC/TRUSTEE, AS REQUIRED
0 		0    
PO BOX 5042
SPARTANBURG,SC29304
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  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (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
19,831,884
b
Average of monthly cash balances.......................
1b
688,058
c
Fair market value of all other assets (see instructions)................
1c
1,775,121
d
Total (add lines 1a, b, and c).........................
1d
22,295,063
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
22,295,063
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
334,426
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
21,960,637
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,098,032
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
1,098,032
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
22,303
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,303
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,075,729
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,075,729
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
1,075,729
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
950,335
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
950,335
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 1,075,729
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 882,568
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 950,335
a Applied to 2023, but not more than line 2a 882,568
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..... 67,767
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 .......... 		1,007,962
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.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
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

MERCATUS CENTER
George Washington Univ
3434 WASHINGTON BLVD 4TH FLOOR
ARLINGTON,VA222014433 		NONE PC CONTRIBUTION 50,000

THE INDEPENDENT INSTITUTE

100 SWAN WAY SUITE 200
OAKLAND,CA946211428 		NONE PC CONTRIBUTION 75,000

INSTITUTE FOR JUSTICE

901 N GLEBE ROAD SUITE 900
ARLINGTON,VA22203 		NONE PC CONTRIBUTION 30,000

HERITAGE FOUNDATION

214 WASHINGTON AVE NE
WASHINGTON,DC200024999 		NONE PC CONTRIBUTION 50,000

FOUNDATION FOR ECONOMIC
EDUCATION
1819 PEACHTREE ST NE 300
Atlanta,GA30309 		NONE PC CONTRIBUTION 100,000

HILLSDALE COLLEGE

33 EAST COLLEGE STREET
HILLSDALE,MI492421205 		NONE PC CONTRIBUTION 50,000

CATO INSTITUTE

1000 MASSACHUSETTS AVENUE NW
WASHINGTON,DC20001 		NONE PC CONTRIBUTION 70,000

STUDENTS FOR LIBERTY

2221 S CLARKE ST 12TH FLOOR
Arlington,VA22202 		NONE PC CONTRIBUTION 50,000

SC PUBLIC INTEREST FOUNDATION

PO BOX 25999
Greenville,SC29616 		NONE PC CONTRIBUTION 25,000

THE CLEMSON INSTITUTE
FOR THE STUDY OF CAPITALISM
CLEMSON UNIV PO BOX 1889
CLEMSON,SC29633 		NONE PC CONTRIBUTION 100,000

Palmetto Promise Institute

PO BOX 12676
Columbia,SC29211 		NONE PC CONTRIBUTION 100,000

Judicial Watch

425 THIRD STREET SW SUITE 800
Washington,DC20024 		NONE PC CONTRIBUTION 30,000

THE FEDERALIST SOCIETY

1776 I STREET NW SUITE 300
Washington,DC20006 		NONE PC CONTRIBUTION 50,000

US Term Limits Foundation

1250 CONNECTICUT AVENUE NW SUITE 20
Washington,DC20036 		NONE PC CONTRIBUTION 5,000

Atlas Network

4075 WILSON BOULEVARD SUITE 310
Arlington,VA22203 		NONE PC CONTRIBUTION 50,000

The Ludwig Von Mises Institute

518 W MAGNOLIA AVENUE
Auburn,AL36832 		NONE PC CONTRIBUTION 50,000

Institute of Humane Studies

3434 WASHINGTON BLVD - MS 1C5
Arlington,VA22201 		NONE PC CONTRIBUTION 50,000
Total .................................right arrow 3a 935,000
bApproved for future payment
Total ................................. right arrow 3b  
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 ....     14 274,929  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,377,143  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		900099   14 17,779  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,669,851  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,669,851
(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 LOWNDES FOUNDATION INC
EIN:
57-1027898
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT & ACCOUNTING FEES (ALLOC 1,371 1,028   343

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Name of Bond End of Year Book Value End of Year Fair Market Value
00206RJY9 AT&T INC 2.75% 01 JU 42,936 43,500
025816CA5 AMERICAN EXPRESS CO 49,488 49,884
285512AD1 ELECTRONIC ARTS INC 50,172 50,012
38148LAE6 GOLDMAN SACHS GROUP 49,049 49,817
458140CG3 INTEL CORP 5.2% 10 F 51,060 48,342
46647PDY9 JPMORGAN CHASE & CO 11,907 11,626
61746BEF9 MORGAN STANLEY 3.625 48,370 49,096
863667BC4 STRYKER CORP 4.85% 0 50,342 50,139
91324PEQ1 UNITEDHEALTH GROUP I 51,623 50,795

TY 2024 InvestmentsCorpStockSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Name of Stock End of Year Book Value End of Year Fair Market Value
002824100 ABBOTT LABORATORIES 89,217 120,462
00402L107 ACADEMY SPORTS & OUT 10,978 13,520
00724F101 ADOBE INC 95,146 146,744
00846U101 AGILENT TECHNOLOGIES    
016255101 ALIGN TECHNOLOGY INC 40,299 31,902
02043Q107 ALNYLAM PHARMACEUTIC 32,474 47,533
02079K107 ALPHABET INC-CL C 19,946 324,700
02079K305 ALPHABET INC-CL A 100,761 364,970
023135106 AMAZON.COM INC 45,326 657,951
03073E105 CENCORA INC 49,944 64,034
03076C106 AMERIPRISE FINANCIAL 8,112 96,370
031100100 AMETEK INC 3,408 41,640
032095101 AMPHENOL CORP-CL A 4,897 60,074
032654105 ANALOG DEVICES INC 31,984 82,859
03662Q105 ANSYS INC 1,514 19,228
037833100 APPLE INC 120,990 551,174
03990B101 ARES MANAGEMENT CORP 26,696 74,530
046353108 ASTRAZENECA PLC-SPON 134,208 157,445
053015103 AUTOMATIC DATA PROCE 7,055 70,841
053332102 AUTOZONE INC 2,241 60,838
05352A100 AVANTOR INC 11,886 13,527
08579W103 BERRY GLOBAL GROUP I 5,829 24,187
090572207 BIO-RAD LABORATORIES 10,865 13,140
09247X101 BLACKROCK INC    
09260D107 BLACKSTONE INC 40,629 172,937
12572Q105 CME GROUP INC 85,032 97,304
127387108 CADENCE DESIGN SYS I 17,987 67,303
159864107 CHARLES RIVER LABORA    
16411R208 CHENIERE ENERGY INC 64,200 100,559
166764100 CHEVRON CORP 58,961 74,013
169656105 CHIPOTLE MEXICAN GRI 18,155 41,185
17275R102 CISCO SYSTEMS INC 51,632 158,834
172908105 CINTAS CORP 17,356 36,540
20825C104 CONOCOPHILLIPS 83,199 84,592
217204106 COPART INC 27,985 43,961
22160K105 COSTCO WHOLESALE COR    
22160N109 COSTAR GROUP INC 8,986 18,470
22788C105 CROWDSTRIKE HOLDINGS 10,593 25,320
228368106 CROWN HOLDINGS INC    
235851102 DANAHER CORP 23,673 112,250
23804L103 DATADOG INC - CLASS 47,881 78,304
252131107 DEXCOM INC 34,840 31,419
25278X109 DIAMONDBACK ENERGY I 23,327 30,309
254687106 WALT DISNEY CO/THE 156,711 139,744
25754A201 DOMINO'S PIZZA INC 13,764 23,087
28176E108 EDWARDS LIFESCIENCES    
29362U104 ENTEGRIS INC 25,512 36,157
302491303 FMC CORP 7,626 11,909
31620M106 FIDELITY NATIONAL IN 51,429 104,113
337738108 FISERV INC 10,158 164,747
33829M101 FIVE BELOW    
339041105 FLEETCOR TECHNOLOGIE    
339750101 FLOOR & DECOR HOLDIN 19,287 19,242
36266G107 GE HEALTHCARE TECHNO 11,746 12,509
437076102 HOME DEPOT INC 25,131 129,923
438516106 HONEYWELL INTERNATIO 50,255 94,874
443201108 HOWMET AEROSPACE INC 21,722 73,059
443510607 HUBBELL INC 11,043 44,402
443573100 HUBSPOT INC 64,259 84,309
444859102 HUMANA INC    
45167R104 IDEX CORP 18,279 30,766
45687V106 INGERSOLL RAND INC 21,254 40,526
45866F104 INTERCONTINENTAL EXC 73,156 142,007
46266C105 IQVIA HOLDINGS INC 128,513 112,600
46625H100 JPMORGAN CHASE & CO 21,234 158,688
482480100 KLA CORP    
49338L103 KEYSIGHT TECHNOLOGIE 16,853 32,287
513272104 LAMB WESTON HOLDINGS    
538034109 LIVE NATION ENTERTAI 12,449 18,778
53814L108 LIVENT CORP    
55354G100 MSCI INC 4,489 32,401
571903202 MARRIOTT INTERNATION 3,178 49,651
573284106 MARTIN MARIETTA MATE 61,861 92,970
573874104 MARVELL TECHNOLOGY I 15,511 50,365
574599106 MASCO CORP 13,594 26,561
580135101 MCDONALD'S CORP 117,187 120,304
594918104 MICROSOFT CORP 40,458 754,064
595017104 MICROCHIP TECHNOLOGY 2,702 21,449
609207105 MONDELEZ INTERNATION 60,937 68,570
61174X109 MONSTER BEVERAGE COR 96,902 129,192
65339F101 NEXTERA ENERGY INC 58,525 102,158
67066G104 NVIDIA CORP 233,119 584,564
682189105 ON SEMICONDUCTOR    
688239201 OSHKOSH CORP 15,468 15,972
68902V107 OTIS WORLDWIDE CORP 57,702 111,039
693475105 PNC FINANCIAL SERVIC 62,600 96,039
713448108 PEPSICO INC 56,724 101,576
714046109 REVVITY INC 32,292 32,255
723787107 PIONEER NATURAL RESO    
747525103 QUALCOMM INC 76,648 147,629
75513E101 RTX CORP 60,086 132,847
758750103 REGAL REXNORD CORP 5,659 25,286
776696106 ROPER TECHNOLOGIES I 62,952 143,998
778296103 ROSS STORES INC 24,565 59,903
78409V104 S&P GLOBAL INC 64,730 99,606
78709Y105 SAIA INC 28,613 30,534
79466L302 SALESFORCE INC 124,666 246,736
85208M102 SPROUTS FARMERS MARK 10,207 62,137
863667101 STRYKER CORP 37,047 82,812
872540109 TJX COMPANIES INC 21,204 110,783
872590104 T-MOBILE US INC 18,364 71,737
88339J105 TRADE DESK INC/THE - 42,373 72,281
883556102 THERMO FISHER SCIENT 26,707 109,769
892356106 TRACTOR SUPPLY COMPA 8,332 51,734
892672106 TRADEWEB MARKETS INC 36,845 62,056
89400J107 TRANSUNION 20,152 34,488
902973304 US BANCORP 72,547 94,895
90384S303 ULTA BEAUTY INC 22,894 25,661
907818108 UNION PACIFIC CORP 31,856 129,983
912008109 US FOODS HOLDING COR 23,927 45,333
91324P102 UNITEDHEALTH GROUP I 38,577 260,518
922475108 VEEVA SYSTEMS INC-CL 51,924 55,927
92338C103 VERALTO CORP    
92826C839 VISA INC-CLASS A SHA 33,909 325,837
92939U106 WEC ENERGY GROUP INC 36,438 38,274
94106B101 WASTE CONNECTIONS IN 34,718 45,297
95082P105 WESCO INTERNATIONAL 17,787 20,268
98978V103 ZOETIS INC 27,001 51,975
98980G102 ZSCALER INC 33,469 35,000
98983L108 ZURN ELKAY WATER SOL 11,697 18,911
G4705A100 ICON PLC 10,765 9,856
G54950103 LINDE PLC 46,420 118,902
G6095L109 APTIV PLC    
G7S00T104 PENTAIR PLC 6,992 18,316
H84989104 TE CONNECTIVITY LTD    
036752103 ELEVANCE HEALTH INC 65,374 57,917
09290D101 BLACKROCK INC 15,527 98,411
219948106 CORPAY INC 32,532 58,547
231561101 CURTISS-WRIGHT CORP 15,592 15,614
26142V105 DRAFTKINGS INC-CL A 37,687 36,902
30231G102 EXXON MOBIL CORP 95,832 154,255
30303M102 META PLATFORMS INC-C 81,891 102,464
363576109 ARTHUR J GALLAGHER & 27,887 29,520
379577208 GLOBUS MEDICAL INC - 10,199 11,249
45168D104 IDEXX LABORATORIES I 27,422 23,153
60937P106 MONGODB INC 20,255 16,064
609839105 MONOLITHIC POWER SYS 45,053 36,685
67103H107 O'REILLY AUTOMOTIVE 44,642 53,361
72352L106 PINTEREST INC- CLASS 38,847 31,523
74275K108 PROCORE TECHNOLOGIES 8,413 10,565
92047W101 VALVOLINE INC 22,021 18,343
92537N108 VERTIV HOLDINGS CO-A 23,969 21,472
98138H101 WORKDAY INC-CLASS A 97,031 101,922
G87052109 TE CONNECTIVITY PLC 128,816 138,824
M2682V108 CYBERARK SOFTWARE LT 27,638 36,980
M7S64H106 MONDAY.COM LTD 30,680 35,787

TY 2024 InvestmentsGovtObligationsSch
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
US Government Securities - End of Year Book Value:

79,394
US Government Securities - End of Year Fair Market Value:

78,488
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 OtherAssetsSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
00769G139 CIBC ATLAS INTL GRWT 870,982 870,982 914,277
00769G451 CIBC ATLAS INC OPPOR 415,076 436,299 647,078
03027X100 AMERICAN TOWER CORP 52,281 68,022 83,635
XXX-XX-XXXX CONESTOGA SMALL CAP- 663,821 663,821 724,051
XXX-XX-XXXX JPMORGAN MID CAP VAL 570,077 640,748 703,936
47803P567 JH SMALL CAP CORE-I 507,611 512,339 551,272
XXX-XX-XXXX MATTHEWS PACIFIC TIG 576,745 0 0
74340W103 PROLOGIS INC 64,842 96,170 92,065
78410G104 SBA COMMUNICATIONS C 7,351 3,272 15,693
92532P207 VERSUS CAP RL EST FD 304,891 302,260 260,874
92535N100 VERSUS CAP RL EST 421,992 419,122 483,550
XXX-XX-XXXX VICI PROPERTIES INC 37,516 55,881 53,746
IP5072000 NORTH AMERICAN COMPA 109,457 109,457 109,457
KNGLTDA47 KING STREET CAPITAL 86,505 72,061 72,061
LHGLLSA77 LIGHTHOUSE GLOBAL LO 1,502,364 1,670,139 1,670,139
91282CFP1 US TREASURY N/B 4.25   31,976 32,008
91282CFT3 US TREASURY N/B 4% 3   84,698 83,569
91282CFU0 US TREASURY N/B 4.12   85,136 84,664
91282CFV8 US TREASURY N/B 4.12   77,968 77,050
91282CGA3 US TREASURY N/B 4% 1   84,442 84,856
91282CHR5 US TREASURY N/B 4% 3   84,628 83,217
91282CHY0 US TREASURY N/B 4.62   85,943 85,507


TY 2024 OtherDecreasesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Amount
INTRAPERIOD ADJUSTMENT 8,440
ROUNDING 1
BASIS ADJUSTMENT 41
MISCELLANEOUS 70


TY 2024 OtherExpensesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 91 91   91


TY 2024 OtherIncomeSchedule2
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
KING STREET CAPITAL LTD 17,779 17,779  


TY 2024 OtherIncreasesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Description Amount
WASH SALES 4,537
CHANGE IN BOOK VALUE - LIGHTHOUSE GLOB 153,429


TY 2024 OtherProfessionalFeesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRUSTEE FEES-PRIN (NON-DEDUCTI 59,605 44,704   14,901


TY 2024 TaxesSchedule
Name:
THE LOWNDES FOUNDATION INC
EIN:
57-1027898
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 52 52   0
FEDERAL TAX PAYMENT - PRIOR YE 10,945 0   0
FEDERAL ESTIMATES - PRINCIPAL 13,800 0   0
FOREIGN TAXES ON QUALIFIED FOR 1,829 1,829   0