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
CAROL B PHELON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)8695 COLLEGE PARKWAY SUITE 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT MYERS, FL33919
A Employer identification number

81-3637307
B Telephone number (see instructions)

(239) 461-5900
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$25,106,888J 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... 382,784 382,784  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 756,999
b Gross sales price for all assets on line 6a 4,602,401
7 Capital gain net income (from Part IV, line 2)... 756,999
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).......      
12 Total. Add lines 1 through 11........ 1,139,783 1,139,783  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 242,256 181,692   60,564
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
1,500 0 0 1,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
4,151 4,151   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,521 5,172   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
89 89    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 255,517 191,104 0 62,064
25 Contributions, gifts, grants paid....... 872,000 872,000
26 Total expenses and disbursements. Add lines 24 and 25 1,127,517 191,104 0 934,064
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 12,266
b Net investment income (if negative, enter -0-) 948,679
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.............      
2 Savings and temporary cash investments......... 1,143,317 829,750 829,750
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)   3,021,080 2,977,002
b Investments—corporate stock (attach schedule)....... 10,671,304 7,797,441 14,585,968
c Investments—corporate bonds (attach schedule)....... 5,177,123 622,621 598,154
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)..........   4,778,430 6,116,014
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) 4,608    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,996,352 17,049,322 25,106,888
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........ 16,996,352 17,049,322
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 16,996,352 17,049,322
30 Total liabilities and net assets/fund balances (see instructions). 16,996,352 17,049,322
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
16,996,352
2
Enter amount from Part I, line 27a .....................
2
12,266
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
44,000
4
Add lines 1, 2, and 3 ..........................
4
17,052,618
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,296
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,049,322
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 102.94 FEDERAL HOME LN MTG CORP PARTN GOLD GROUP #G18294 5.500% DTD 01   2019-02-06 2024-01-16
b 1168.57 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06   2021-10-06 2024-01-16
c 10000. AMAZON COM INC SR GLBL 3.60% DTD 04/13/2022 DUE 04/13/2032   2022-07-18 2024-01-17
d 5000. AMERICAN EXPRESS CO SR NT 5.85% DTD 11/07/2022 DUE 11/05/2027   2022-11-04 2024-01-17
e 10000. BANK AMER CORP FR 3.248% DTD 10/21/2016 DUE 10/21/2027   2019-02-04 2024-01-17
10000. BP CAP MKTS AMER INC SR GLBL NT 4.234% DTD 11/06/2018 DUE 11/06   2020-05-04 2024-01-17
5000. CVS HEALTH CORP 4.30% DTD 03/09/2018 DUE 03/25/2028   2020-07-30 2024-01-17
20000. CONTRA COSTA CALIF CMNTY COLLE TAXABLE ELECTION OF 2014 2022E   2022-09-16 2024-01-17
10000. GOLDMAN SACHS GROUP INC SR GLBL 3.50% DTD 11/16/2016 DUE 11/16/   2019-06-25 2024-01-17
10000. JPMORGAN CHASE & CO GLBL NT VAR RATE DTD 04/22/2020 DUE   2021-10-13 2024-01-17
5000. MICROSOFT CORP SR GLBL NT 3.125% DTD 11/03/2015 DUE 11/03/2025   2019-02-04 2024-01-17
10000. MORGAN STANLEY FR 3.875% DTD 04/28/2014 DUE 04/29/2024   2019-02-04 2024-01-17
10000. QUALCOMM INC SR GLBL NT 2.15% DTD 05/08/2020 DUE 05/20/2030   2020-08-10 2024-01-17
5000. US BANCORP FR 1.45% DTD 05/12/2020 DUE 05/12/2025   2023-05-04 2024-01-17
5000. VERIZON COMMUNICATIONS INC SR GLBL NT 4.329% DTD 06/21/2018 DUE   2019-07-15 2024-01-17
5000. WELLS FARGO & CO FR 3.75% DTD 01/24/2019 DUE 01/24/2024   2021-04-02 2024-01-17
65000. FEDERAL HOME LOAN BKS CONS BDS 3.25% DTD 11/16/2018 DUE 11/16/2   2019-03-12 2024-01-18
10000. FEDERAL FARM CR BKS CONS SYSTEMWIDE BDS 1.75% DTD 02/15/2022 DU   2022-02-10 2024-01-18
65000. WELLS FARGO & CO FR 3.75% DTD 01/24/2019 DUE 01/24/2024   2021-04-02 2024-01-24
903.41 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-01-25
560.83 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-01-25
11.72 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AE0178 6.000% DTD   2019-02-04 2024-01-25
148. NVIDIA CORP COM   2022-05-06 2024-01-25
200. META PLATFORM, INC.     2024-02-08
840.16 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/   2021-10-06 2024-02-15
795.86 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-02-26
542.88 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-02-26
11.23 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AE0178 6.000% DTD   2019-02-04 2024-02-26
684. AIR PRODS & CHEMS INC COM     2024-03-07
110. NVIDIA CORP COM   2022-05-06 2024-03-07
834.11 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/   2021-10-06 2024-03-15
7014. ENVISTA HOLDINGS CORPORATION COM     2024-03-21
1004.8 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-03-25
509.29 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-03-25
10.63 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AE0178 6.000% DTD   2019-02-04 2024-03-25
404.35 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/   2021-10-06 2024-04-15
679.99 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-04-25
581.06 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-04-25
10.71 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AE0178 6.000% DTD   2019-02-04 2024-04-25
40000. MORGAN STANLEY FR 3.875% DTD 04/28/2014 DUE 04/29/2024   2019-02-04 2024-04-29
378.2 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/1   2021-10-06 2024-05-15
168.91 GNMA II PASSTHRU CTF POOL #MA0986 2.50% DTD 05/01/2013 DUE 05/2   2024-04-15 2024-05-20
720.53 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-05-28
432.62 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-05-28
10.74 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AE0178 6.000% DTD   2019-02-04 2024-05-28
600. ISHARES S&P 500 VALUE ETF   2022-03-14 2024-06-04
39617.652 PROSPECTOR OPPORTUNITY FUND #1981 CUSIP CHANGE TO 56167R200     2024-06-12
3611. APA CORPORATION COM   2022-06-23 2024-06-13
46. BROADCOM INC COM   2019-11-08 2024-06-13
818. NVIDIA CORP COM   2022-05-06 2024-06-13
.597 EXXON MOBIL CORP COM   2022-01-13 2024-06-14
345.84 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/   2021-10-06 2024-06-17
147.68 GNMA II PASSTHRU CTF POOL #MA0986 2.50% DTD 05/01/2013 DUE 05/2   2024-04-15 2024-06-20
801.07 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-06-25
404.13 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-06-25
10.82 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AE0178 6.000% DTD   2019-02-04 2024-06-25
329.96 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/   2021-10-06 2024-07-15
4588.84 HARDING LOEVNER INTERNATIONAL EQUITY PORTFOLIO FUND #201   2020-10-14 2024-07-16
2076. NIKE INC CL B     2024-07-19
741. UNION PAC CORP COM     2024-07-19
167.36 GNMA II PASSTHRU CTF POOL #MA0986 2.50% DTD 05/01/2013 DUE 05/2   2024-04-15 2024-07-20
1008.76 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-07-25
392.49 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-07-25
10.86 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AE0178 6.000% DTD   2019-02-04 2024-07-25
275. NVIDIA CORP COM   2022-05-06 2024-08-14
312.39 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/   2021-10-06 2024-08-15
144.55 GNMA II PASSTHRU CTF POOL #MA0986 2.50% DTD 05/01/2013 DUE 05/2   2024-04-15 2024-08-20
704. DEERE & CO COM     2024-08-22
759.14 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-08-26
382.81 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-08-26
7.8 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AE0178 6.000% DTD   2019-02-04 2024-08-26
70000. NEW JERSEY ST EDL FACS AUTH RE TAXABLE REF BDS 2017C TAXABLE 3.   2019-02-28 2024-09-01
45000. FEDERAL NATL MTG ASSN 2.625% DTD 09/08/2014 DUE 09/06/2024   2023-09-28 2024-09-06
294.66 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/   2021-10-06 2024-09-16
158.66 GNMA II PASSTHRU CTF POOL #MA0986 2.50% DTD 05/01/2013 DUE 05/2   2024-04-15 2024-09-20
611.96 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-09-25
365.21 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-09-25
5000. FEDERAL NATL MTG ASSN 1.625% DTD 10/18/2019 DUE 10/15/2024   2024-04-30 2024-10-15
290.14 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/   2021-10-06 2024-10-15
134.19 GNMA II PASSTHRU CTF POOL #MA0986 2.50% DTD 05/01/2013 DUE 05/2   2024-04-15 2024-10-20
956.68 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-10-25
452.89 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-10-25
286.4 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #MA0232 4.500% DTD   2024-09-16 2024-10-25
125000. US TREASURY NOTE 4.375% DTD 10/31/2022 DUE 10/31/2024   2022-10-26 2024-10-31
440. GE VERNOVA INC COM   2024-07-19 2024-11-12
236.1 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/1   2021-10-06 2024-11-15
500. ISHARES S&P 500 VALUE ETF   2022-03-14 2024-11-19
176.29 GNMA II PASSTHRU CTF POOL #MA0986 2.50% DTD 05/01/2013 DUE 05/2   2024-04-15 2024-11-20
771.48 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-11-25
329.77 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-11-25
277.94 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #MA0232 4.500% DTD   2024-09-16 2024-11-25
129. ALPHABET INC CAP STK CL C     2024-12-03
31. ELEVANCE HEALTH INC     2024-12-03
42. APPLE COMPUTER INC COM   2022-01-13 2024-12-03
64. BROADRIDGE FINL SOLUTIONS INC COM   2021-08-19 2024-12-03
28. BROADCOM INC COM   2019-11-08 2024-12-03
62. CDW CORP COM     2024-12-03
23. DANAHER CORP COM   2022-01-13 2024-12-03
94. DISNEY WALT CO COM     2024-12-03
75. EOG RES INC COM   2022-03-17 2024-12-03
62. EXXON MOBIL CORP COM     2024-12-03
24. META PLATFORM, INC.   2020-01-30 2024-12-03
37. FISERV INC COM   2022-09-08 2024-12-03
37. GALLAGHER ARTHUR J & CO COM   2022-01-13 2024-12-03
29. HESS CORP COM   2022-12-15 2024-12-03
66. HILTON WORLDWIDE HLDGS INC COM   2022-01-13 2024-12-03
39. HOME DEPOT INC COM     2024-12-03
44. HONEYWELL INTERNATIONAL INC COM     2024-12-03
96. INTERCONTINENTAL EXCHANGE, INC. COM     2024-12-03
11. INTUITIVE SURGICAL INC COM NEW   2023-09-21 2024-12-03
59. KKR & CO INC CL A   2023-05-09 2024-12-03
32. MASTERCARD INC CL A     2024-12-03
46. MICROSOFT CORP COM     2024-12-03
9. NORTHROP GRUMMAN CORP COM   2022-06-23 2024-12-03
41. PROGRESSIVE CORP OHIO COM   2023-05-09 2024-12-03
53. QUANTA SVCS INC COM   2021-11-05 2024-12-03
13. SERVICENOW INC COM     2024-12-03
167. TJX COS INC NEW COM     2024-12-03
10. THERMO FISHER CORP COM   2023-08-24 2024-12-03
48. ACCENTURE PLC CLASS A ORDINARY SHARES   2022-01-20 2024-12-03
60. ICON PLC SHS     2024-12-03
44. TRANE TECHNOLOGIES PLC SHS     2024-12-03
8. ASML HOLDING N V NYREGISTRY SHS   2023-01-26 2024-12-03
29420.345 GQG PARTNERS EMERGING MARKETS EQUITY FUND - INST   2020-05-13 2024-12-12
227.75 GNMA GTD PASSTHRU CTF POOL #783633 4.50% DTD 08/01/2012 DUE 06/   2021-10-06 2024-12-16
161.01 GNMA II PASSTHRU CTF POOL #MA0986 2.50% DTD 05/01/2013 DUE 05/2   2024-04-15 2024-12-20
627.25 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #AL5850 3.500% DTD   2023-02-06 2024-12-26
316.95 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #FM2672 4.500% DTD   2020-05-27 2024-12-26
448.21 FEDERAL NATL MTG ASSN GTD PASSTHRU CTF POOL #MA0232 4.500% DTD   2024-09-16 2024-12-26
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 103   3,781 -3,678
b 1,169   1,169  
c 9,341   9,841 -500
d 5,182   5,003 179
e 9,475   9,539 -64
9,841   10,676 -835
4,899   5,523 -624
19,526   20,000 -474
9,605   10,114 -509
8,570   10,100 -1,530
4,880   5,015 -135
9,950   10,008 -58
8,705   10,479 -1,774
4,636   4,621 15
4,906   5,274 -368
4,998   5,002 -4
62,705   66,111 -3,406
9,685   9,973 -288
65,000   65,000  
903   903  
561   561  
12   12  
91,552   27,327 64,225
93,892   43,158 50,734
840   840  
796   796  
543   543  
11   11  
167,739   202,250 -34,511
101,145   20,311 80,834
834   834  
152,045   286,120 -134,075
1,005   1,005  
509   509  
11   11  
404   404  
680   680  
581   581  
11   11  
40,000   40,000  
378   378  
169   169  
721   721  
433   433  
11   11  
109,894   89,472 20,422
1,075,619   1,000,000 75,619
103,582   129,460 -25,878
77,082   14,254 62,828
105,156   15,104 90,052
68   53 15
346   346  
148   148  
801   801  
404   404  
11   11  
330   330  
125,000   117,245 7,755
149,861   165,676 -15,815
179,681   124,836 54,845
167   167  
1,009   1,009  
392   392  
11   11  
32,213   5,078 27,135
312   312  
145   145  
264,194   258,897 5,297
759   759  
383   383  
8   4,415 -4,407
69,299   69,299  
43,839   43,839  
295   295  
159   159  
612   612  
365   365  
4,917   4,917  
290   290  
134   134  
957   957  
453   453  
286   286  
125,000   124,926 74
144,870   71,243 73,627
236   236  
99,607   74,560 25,047
176   176  
771   771  
330   330  
278   278  
22,305   16,755 5,550
12,743   12,905 -162
10,179   7,292 2,887
14,879   11,126 3,753
4,666   868 3,798
11,083   11,256 -173
5,533   6,030 -497
10,959   13,893 -2,934
9,937   8,806 1,131
7,318   5,093 2,225
14,614   5,017 9,597
7,990   3,898 4,092
11,468   6,069 5,399
4,296   3,910 386
16,576   9,895 6,681
16,712   13,531 3,181
9,964   9,304 660
15,093   11,913 3,180
5,931   3,140 2,791
9,328   2,917 6,411
16,879   11,661 5,218
19,791   13,497 6,294
4,374   4,084 290
10,828   5,569 5,259
18,011   6,177 11,834
13,628   6,951 6,677
20,859   11,741 9,118
5,334   5,426 -92
16,798   16,783 15
12,834   14,275 -1,441
18,131   7,811 10,320
5,734   5,401 333
503,088   350,985 152,103
228   228  
161   161  
627   627  
317   317  
448   448  
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
      83,345
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       -3,678
b        
c       -500
d       179
e       -64
      -835
      -624
      -474
      -509
      -1,530
      -135
      -58
      -1,774
      15
      -368
      -4
      -3,406
      -288
       
       
       
       
      64,225
      50,734
       
       
       
       
      -34,511
      80,834
       
      -134,075
       
       
       
       
       
       
       
       
       
       
       
       
       
      20,422
      75,619
      -25,878
      62,828
      90,052
      15
       
       
       
       
       
       
      7,755
      -15,815
      54,845
       
       
       
       
      27,135
       
       
      5,297
       
       
      -4,407
       
       
       
       
       
       
       
       
       
       
       
       
      74
      73,627
       
      25,047
       
       
       
       
      5,550
      -162
      2,887
      3,753
      3,798
      -173
      -497
      -2,934
      1,131
      2,225
      9,597
      4,092
      5,399
      386
      6,681
      3,181
      660
      3,180
      2,791
      6,411
      5,218
      6,294
      290
      5,259
      11,834
      6,677
      9,118
      -92
      15
      -1,441
      10,320
      333
      152,103
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 756,999
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 13,187
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 13,187
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 13,187
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 2,718
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 2,718
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
8 577
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 11,046
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 arrowFL
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 arrowFINEMARK NATIONAL BANK & TRUST Telephone no.right arrow (239) 461-5900

Located atright arrow8695 COLLEGE PARKWAY SUITE 100FORT MYERSFL ZIP+4right arrow33919
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
FINEMARK MATIONAL BANK TRUST TRUSTEE
2 		137,394    
8695 COLLEGE PARKWAY SUITE 100
FORT MYERS,FL33919
WALTER G BURKERT TRUSTEE
2 		81,908    
2419 WESTMINISTER DR
CONCORD,NC28027
NATASHA B TRAVIS TRUSTEE
2 		22,954    
15406 PEPPERWOOD CRT
HUNTERSVILLE,NC28078
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
23,140,231
b
Average of monthly cash balances.......................
1b
1,169,881
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
24,310,112
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
24,310,112
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
364,652
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,945,460
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,197,273
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
1,197,273
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
13,187
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,187
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,184,086
4
Recoveries of amounts treated as qualifying distributions................
4
44,000
5
Add lines 3 and 4............................
5
1,228,086
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
1,228,086
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
934,064
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
934,064
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 1,228,086
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 818,012
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$ 934,064
a Applied to 2023, but not more than line 2a 818,012
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..... 116,052
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 .......... 		1,112,034
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

SEE ATTACHED
C/O CAROL B PHELON FOUNDATION
8695 COLLEGE PKY STE 100
FORT MYERS,FL33919 		NONE PC GENERAL SUPPORT 872,000
Total .................................right arrow 3a 872,000
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 ....     14 382,784  
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 ............ 		    18 756,999  
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) ..   1,139,783  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,139,783
(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:
CAROL B PHELON FOUNDATION
EIN:
81-3637307
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

TY 2024 OtherDecreasesSchedule
Name:
CAROL B PHELON FOUNDATION
EIN:
81-3637307
Description Amount
COST BASIS ADJUSTMENTS 2,595
2023 TRANSACTION POSTED IN 2024 301
2024 TRANSACTION POSTED IN 2025 397
ADJUSTMENT TO INCOME 1
ROUNDING ADJUSTMENT 2


TY 2024 OtherExpensesSchedule
Name:
CAROL B PHELON FOUNDATION
EIN:
81-3637307
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 89 89   0


TY 2024 OtherIncreasesSchedule
Name:
CAROL B PHELON FOUNDATION
EIN:
81-3637307
Description Amount
RETURN OF GRANTS 44,000


TY 2024 OtherProfessionalFeesSchedule
Name:
CAROL B PHELON FOUNDATION
EIN:
81-3637307
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 4,151 4,151    


TY 2024 TaxesSchedule
Name:
CAROL B PHELON FOUNDATION
EIN:
81-3637307
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 223 223   0
FEDERAL ESTIMATED TAXES 2,349 0   0
FOREIGN TAXES ON Q DIVS 3,928 3,928   0
FOREIGN TAXES ON NQ DIVS 1,021 1,021   0