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
TOWER FAMILY FUND INC
 
Number and street (or P.O. box number if mail is not delivered to street address)369 FRANKLIN STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BUFFALO, NY14202
A Employer identification number

20-5848514
B Telephone number (see instructions)

(716) 856-3300
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$56,979,194J 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 39,332 39,332  
4 Dividends and interest from securities... 1,228,275 1,228,262  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,075,760
b Gross sales price for all assets on line 6a 20,664,803
7 Capital gain net income (from Part IV, line 2)... 4,075,385
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
51,288 0  
12 Total. Add lines 1 through 11........ 5,394,655 5,342,979  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 77,218 25,739   51,481
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
456,739 5,595   451,144
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
42,940 21,470   21,470
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
205,430 205,430   0
17 Interest............... 21,220 21,214   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
62,533 7,783   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,368 44,607   2,750
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 913,448 331,838   526,845
25 Contributions, gifts, grants paid....... 8,016,036 8,016,036
26 Total expenses and disbursements. Add lines 24 and 25 8,929,484 331,838   8,542,881
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,534,829
b Net investment income (if negative, enter -0-) 5,011,141
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,264,356 505,613 505,613
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow1,490,956
Less: allowance for doubtful accounts right arrow0 1,496,427 1,490,956 1,490,956
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,968,105 Click to see attachment
List of Attached Documents:
// Content
2,486,552 		2,443,877
b Investments—corporate stock (attach schedule)....... 12,993,955 Click to see attachment
List of Attached Documents:
// Content
11,204,040 		17,792,166
c Investments—corporate bonds (attach schedule)....... 2,333,136 Click to see attachment
List of Attached Documents:
// Content
2,564,983 		2,493,216
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).......... 23,103,211 Click to see attachment
List of Attached Documents:
// Content
22,375,906 		32,215,282
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
41,773 		Click to see attachment
List of Attached Documents:
// Content
38,084 		Click to see attachment
List of Attached Documents:
// Content
38,084
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 44,200,963 40,666,134 56,979,194
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 44,200,963 40,666,134
29 Total net assets or fund balances (see instructions)..... 44,200,963 40,666,134
30 Total liabilities and net assets/fund balances (see instructions). 44,200,963 40,666,134
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
44,200,963
2
Enter amount from Part I, line 27a .....................
2
-3,534,829
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
40,666,134
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
40,666,134
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b ALKEON GROWTH PARTNERS II, LP      
c ALKEON GROWTH PARTNERS II, LP UBTI P    
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 20,635,692   16,589,043 4,046,649
b 23,830     23,830
c 375   375 0
d 4,906     4,906
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       4,046,649
b       23,830
c       0
d       4,906
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 4,075,385
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 69,655
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 69,655
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 69,655
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 56,024
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 56,024
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 13,631
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowLUMSDEN MCCORMICK LLP Telephone no.right arrow (716) 856-3300

Located atright arrow369 FRANKLIN STREETBUFFALONY ZIP+4right arrow14202
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
MOLLIE T BYRNES SECRETARY, DIRECTOR
1.00 		0 0 0
369 FRANKLIN STREET
BUFFALO,NY14202
CYNTHIA T DOYLE TREASURER, DIRECTOR
1.00 		0 0 0
369 FRANKLIN STREET
BUFFALO,NY14202
RANDOLPH F TREECE ATTY DIRECTOR
15.00 		77,218 0 0
369 FRANKLIN STREET
BUFFALO,NY14202
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
PILLSBURY WINTHROP SHAW PITTMAN LLP LEGAL FEES 392,325
31 WEST 52ND STREET
NEW YORK,NY10019
UBS FINANCIAL SERVICES INC MANAGEMENT & ADVISORY FEES 136,425
250 DELAWARE AVENUE SUITE 610
BUFFALO,NY14202
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 ACCRUED INTEREST ON THE FIELD FUND LOAN 3,339
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow3,339
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
56,742,716
b
Average of monthly cash balances.......................
1b
666,156
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
57,408,872
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
57,408,872
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
861,133
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
56,547,739
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,827,387
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
2,827,387
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
69,655
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
69,655
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,757,732
4
Recoveries of amounts treated as qualifying distributions................
4
51,288
5
Add lines 3 and 4............................
5
2,809,020
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
2,809,020
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
8,542,881
b
Program-related investments—total from Part VIII-B..................
1b
3,339
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
8,546,220
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 2,809,020
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 329,922
b From 2020...... 2,763,547
c From 2021...... 1,308,351
d From 2022...... 4,263,724
e From 2023...... 3,780,031
f Total of lines 3a through e ........ 12,445,575
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 8,546,220
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 2,809,020
e Remaining amount distributed out of corpus 5,737,200
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 18,182,775
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		329,922
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		17,852,853
10 Analysis of line 9:
a Excess from 2020.... 2,763,547
b Excess from 2021.... 1,308,351
c Excess from 2022.... 4,263,724
d Excess from 2023.... 3,780,031
e Excess from 2024.... 5,737,200
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

BUFFALO AKG ART MUSEUM

1285 ELMWOOD AVENUE
BUFFALO,NY14222 		  PC GENERAL SUPPORT 50,000

ALZHEIMER'S ASSOCIATION- WESTERN NY CHAPTER

2805 WEHRLE DRIVE 6
BUFFALO,NY14221 		  PC GENERAL SUPPORT 10,000

AMERICAN RED CROSS - GREATER BUFFALO CHAPTER

786 DELAWARE AVE
BUFFALO,NY14209 		  PC GENERAL SUPPORT 5,000

ARTPARK & COMPANY

450 SOUTH 4TH STREET
LEWISTON,NY14092 		  PC ARTPARK BRIDGES PROGRAM & GENERAL SUPPORT 100,000

ASPCA

520 8TH AVE 7TH FLOOR
NEW YORK,NY10018 		  PC GENERAL SUPPORT 2,000

AUTISM SERVICES INC

40 HAZELWOOD DRIVE
AMHERST,NY14228 		  PC GENERAL SUPPORT 10,000

BETH ISRAEL LAHEY HOSPITAL CORP

85 HERRICK STREET
BEVERLY,MA01915 		  PC ADDISON GILBERT HOSPITAL & BEVERLY HOSPITAL GENERAL SUPPORT 50,000

BOYS & GIRLS CLUB OF BUFFALO

282 BABCOCK STREET
BUFFALO,NY14210 		  PC GENERAL SUPPORT 10,000

BOYS & GIRLS CLUB OF EAST AURORA INC

24 PAINE STREET
EAST AURORA,NY14052 		  PC GENERAL SUPPORT 10,000

BOYS & GIRLS CLUB OF ELMA MARILLA & WALES

2080 GIRDLE ROAD
ELMA,NY14059 		  PC GENERAL SUPPORT 5,000

BOYS & GIRLS CLUB OF NIAGARA FALLS

725 17TH STREET
NIAGARA FALLS,NY14301 		  PC GENERAL SUPPORT 10,000

BUFFALO AUDUBON SOCIETY

1610 WELCH ROAD
NORTH JAVA,NY14113 		  PC GENERAL SUPPORT 5,000

BUFFALO CENTER FOR ARTS AND TECHNOLOGY

1221 MAIN STREET
BUFFALO,NY14209 		  PC GENERAL SUPPORT 10,000

BUFFALO CITY MISSION

100 EAST TUPPER STREET
BUFFALO,NY14203 		  PC GENERAL SUPPORT 25,000

BUFFALO HISTORY MUSEUM

ONE MUSEUM COURT
BUFFALO,NY14216 		  PC GENERAL SUPPORT 10,000

BUFFALO MUSEUM OF SCIENCE

1020 HUMBOLDT PARKWAY
BUFFALO,NY14211 		  PC GENERAL SUPPORT 10,000

BUFFALO PEACE HOUSE

4263 ST FRANCIS DRIVE
HAMBURG,NY14075 		  PC GENERAL SUPPORT 10,000

BUFFALO PHILHARMONIC ORCHESTRA

499 FRANKLIN STREET
BUFFALO,NY14202 		  PC GENERAL SUPPORT 100,000

BUFFALO ZOO

300 PARKSIDE AVENUE
BUFFALO,NY14214 		  PC GENERAL SUPPORT 5,000

BURCHFIELD-PENNEY ART CENTER

1300 ELMWOOD AVENUE
BUFFALO,NY14222 		  PC GENERAL SUPPORT 100,000

BURCHFIELD-PENNEY ART CENTER

1300 ELMWOOD AVENUE
BUFFALO,NY14222 		  PC GRANT AGREEMENT 125,000

CANISIUS UNIVERSITY

2001 MAIN STREET
BUFFALO,NY142081098 		  PC GENERAL SUPPORT 15,000

CAPE ANN ART HAVEN INC

180B MAIN STREET
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT 25,000

CAPE ANN MUSEUM

27 PLEASANT STREET
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT 25,000

CHILD & FAMILY SERVICES

330 DELAWARE AVENUE
BUFFALO,NY14202 		  PC GENERAL SUPPORT 25,000

CHOATE ROSEMARY HALL

333 CHRISTIAN STREET
WALLINGFORD,CT06492 		  PC GENERAL SUPPORT 60,000

CIRCUIT ARTS INC

PO BOX 3000 PMB 3175
WEST TISBURY,MA02575 		  PC GENERAL SUPPORT 50,000

COMMUNITY FOUNDATION FOR GREATER BUFFALO

726 EXCHANGE STREET SUITE 525
BUFFALO,NY14210 		  PC GENERAL SUPPORT 100,000

COMMUNITY MISSIONS OF NIAGARA FRONTIER INC

1570 BUFFALO AVENUE
NIAGARA FALLS,NY14303 		  PC GENERAL SUPPORT 40,000

CONSERVATION LAW FOUNDATION

62 SUMMER STREET
BOSTON,MA02110 		  PC GENERAL SUPPORT 100,000

DANA-FARBER CANCER INSTITUTE

10 BROOKLINE PLACE WEST 6TH FLOOR
BROOKLINE,MA024457226 		  PC HALE FAMILY CENTER FOR PANCREATIC CANCER RESEARCH & PATIENT FINANCIAL ASSISTANCE 35,000

DOCTORS WITHOUT BORDERS

40 RECTOR ST 16TH FLOOR
NEW YORK,NY10006 		  PC GENERAL SUPPORT 2,000

ESSEX COUNTY COMMUNITY FOUNDATION

175 ANDOVER STREET
DANVERS,MA01923 		  PC GENERAL SUPPORT 100,000

EXPLORE & MORE CHILDREN'S MUSEUM

300 GLEED AVENUE
EAST AURORA,NY14052 		  PC GENERAL SUPPORT 10,000

FEEDMORE WNY

91 HOLT STREET
BUFFALO,NY14206 		  PC GENERAL SUPPORT 70,000

GLOUCESTER EDUCATION FOUNDATION

185 MAIN STREET SUITE 2A
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT 30,000

GLOUCESTER MARINE GENOMICS INSTITUTE

417 MAIN STREET
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT, SUPPORT FOR DIRECTOR OF COMMUNICATIONS 100,000

GLOUCESTER MARINE GENOMICS INSTITUTE

417 MAIN STREET
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT 100,000

GLOUCESTER STAGE CO

267 EAST MAIN STREET
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT, NEW PIER SUPPORT 50,000

GRAND ISLAND MEMORIAL LIBRARY

1715 BEDELL ROAD
GRAND ISLAND,NY14072 		  PC GENERAL SUPPORT 10,000

HEARTS FOR THE HOMELESS

890 TONAWANDA STREET
BUFFALO,NY14207 		  PC GENERAL SUPPORT 5,000

HEIFER INTERNATIONAL

PO BOX 8058
LITTLE ROCK,AR72203 		  PC GENERAL SUPPORT 2,000

HOSPICE FOUNDATION OF WESTERN NEW YORK

225 COMO PARK BOULEVARD
CHEEKTOWAGA,NY14227 		  PC GENERAL SUPPORT 25,000

ISLAND GROWN INITIATIVE

PO BOX 622
VINEYARD HAVEN,MA02568 		  PC GENERAL SUPPORT, FOOD PANTRY 100,000

ISLAND GROWN INITIATIVE

PO BOX 622
VINEYARD HAVEN,MA02568 		  PC GENERAL SUPPORT 40,000

MARTHA'S VINEYARD COMMUNITY FOUNDATION

4C COURNOYER ROAD MIDDLETOWN
VILLAGE
WEST TISBURY,MA02575 		  PC GENERAL SUPPORT 25,000

MARTHA'S VINEYARD COMMUNITY SERVICES INC

111 EDGARTOWN ROAD
VINEYARD HAVEN,MA02568 		  PC HEALTHY AGING MV 75,000

MARTHA'S VINEYARD HOSPITAL

PO BOX 1477
OAK BLUFFS,MA02557 		  PC WORKFORCE HOUSING GRANT 1,000,000

MARTHA'S VINEYARD NONPROFIT COLLABORATIVE

PO BOX 1018
WEST TISBURY,MA02575 		  PC GENERAL SUPPORT 15,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA ST SUITE 540
BOSTON,MA02114 		  PC RECOVERY RESEARCH INSTITUTE 60,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA ST SUITE 540
BOSTON,MA02114 		  PC ARMS RECOVERY COACH PROGRAM 40,000

MEALS ON WHEELS OF NIAGARA FALLS

1920 18TH STREET
NIAGARA FALLS,NY14305 		  PC GENERAL SUPPORT 25,000

MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL - MENTAL HEALTH INNOVATION CENTER

3800 RESERVOIR ROAD NW
WASHINGTON,DC20007 		  PC GENERAL SUPPORT 100,000

MIRACLE LEAGUE OF GRAND ISLAND & WESTERN NY INC

PO BOX 833
GRAND ISLAND,NY14072 		  PC GENERAL SUPPORT 5,000

MONTSERRAT COLLEGE OF ART

23 ESSEX STREET
BEVERLY,MA01915 		  PC GENERAL SUPPORT 20,000

MOUNT ST MARY'S HOSPITAL FOUNDATION

5300 MILITARY ROAD
LEWISTON,NY14092 		  PC BEDS FOR KIDS PROGRAM AT THE NEIGHBORHOOD HEALTH CENTER 25,000

NEW PROFIT INC

99 BEDFORD ST STE 500
BOSTON,MA02111 		  PC GENERAL SUPPORT 100,000

NIAGARA FALLS AQUARIUM

701 WHIRLPOOL STREET
NIAGRA FALLS,NY14301 		  PC GENERAL SUPPORT 5,000

NIAGARA FALLS MEMORIAL MEDICAL CENTER

621 10TH STREET
NIAGARA FALLS,NY14302 		  PC GENERAL SUPPORT 25,000

NIAGARA HOSPICE

4675 SUNSET DRIVE
LOCKPORT,NY140941231 		  PC GENERAL SUPPORT 10,000

NIAGARA LUTHERAN HEALTH FOUNDATION

5959 BROADWAY STREET
LANCASTER,NY14086 		  PC GENERAL SUPPORT 50,000

NIAGARA UNIVERSITY

GACIOCH FAMILY CENTER
NIAGARA UNIVERSITY,NY14109 		  PC ACADEMIC SUCCESS CENTER 25,000

NORTHSHORE EDUCATION CONSORTIUM

112 SOHIER ROAD
BEVERLY,MA01915 		  PC GENERAL SUPPORT 30,000

OPEN DOOR CAPE ANN FOOD PANTRY

28 EMERSON AVENUE
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT 50,000

OPPORTUNITIES COLLABORATIVE FOR STUDENTS WITH SPECIAL NEEDS INC

4380 MAIN ST TRC 100
AMHERST,NY14226 		  PC GENERAL SUPPORT 50,000

OXFAM AMERICA

226 CAUSEWAY STREET 5TH FLOOR
BOSTON,MA02114 		  PC GENERAL SUPPORT 2,000

PARTNERS IN HEALTH

PO BOX 996
FREDERICK,MD217059942 		  PC GENERAL SUPPORT 2,000

PATHWAYS FOR CHILDREN

29 EMERSON AVENUE
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT 100,000

PENIKESE SCHOOL INC

565 WOODS HOLE ROAD
WOODS HOLE,MA02543 		  PC GIRLS' SCIENCE AND NATURE SUMMER CAMP 50,000

PEOPLE INC

1219 NORTH FOREST ROAD
WILLIAMSVILLE,NY14231 		  PC GENERAL SUPPORT 10,000

PINNACLE COMMUNITY SERVICES

1522 MAIN STREET
NIAGARA FALLS,NY14305 		  PC GENERAL SUPPORT 30,000

POWER OF PLACE LEARNING COMMUNITIES INC

2 BURLINGTON WOODS DRIVE SUITE 100
BURLINGTON,MA01803 		  PC LEARNING COMMUNITY PROJECT GRANT 811,036

RAW ART WORKS INC

37 CENTRAL SQUARE
LYNN,MA01901 		  PC GENERAL SUPPORT 30,000

RAY OF LIGHT FARM INC

37 CENTRAL SQUARE
LYNN,MA01901 		  PC GENERAL SUPPORT 2,000

ROCKPORT MUSIC INC

37 MAIN STREET
ROCKPORT,MA01966 		  PC GENERAL SUPPORT 100,000

RONALD MCDONALD HOUSE OF WNY

780 WEST FERRY STREET
BUFFALO,NY14222 		  PC GENERAL SUPPORT 5,000

ROSWELL PARK ALLIANCE FOUNDATION

ELM AND CARLTON STREETS
BUFFALO,NY14263 		  PC GENERAL SUPPORT 25,000

SAWYER LIBRARY FOUNDATION

2 DALE AVENUE
GLOUCESTER,MA01930 		  PC NEW BUILDING FUND 300,000

SHEA'S PERFORMING ARTS CENTER

646 MAIN STREET
BUFFALO,NY14202 		  PC GENERAL SUPPORT 10,000

STILLPOINT MARTHA'S VINEYARD INC

49 NORTH ROAD
CHILMARK,MA02535 		  PC GENERAL SUPPORT 30,000

SUNY BUFFALO STATE FOUNDATION

1300 ELMWOOD AVENUE CLEVELAND HALL
304
BUFFALO,NY14222 		  PC EMERGENCY STUDENT FUND 15,000

THE ACADEMY FOR HUMAN RIGHTS INC

5999 SOUTH PARK AVE SUITE 201
HAMBURG,NY14075 		  PC GENERAL SUPPORT 5,000

THE CHILDREN'S HOSPITAL OF BUFFALO FOUNDATION

1028 MAIN STREET 4TH FLOOR
BUFFALO,NY14202 		  PC GENERAL SUPPORT 40,000

THE FIELD FUND

49 NORTH ROAD
CHILMARK,MA02535 		  PC GENERAL SUPPORT 50,000

THE NIAGARA ARTS & CULTURAL CENTER (NACC)

1201 PINE AVENUE
NIAGARA FALLS,NY14301 		  PC GENERAL SUPPORT 15,000

THE SALVATION ARMY - BUFFALO AREA SERVICES

960 MAIN STREET
BUFFALO,NY14202 		  PC GENERAL SUPPORT 20,000

THE SALVATION ARMY - NIAGARA FALLS AREA SERVICES

7018 BUFFALO AVENUE
NIAGARA FALLS,NY14304 		  PC GENERAL SUPPORT 20,000

THE SALVATION ARMY - SOUTHERN NEW ENGLAND DIVISION

855 ASYLUM AVE
HARTFORD,CT06105 		  PC GENERAL SUPPORT 2,500

THE SCHOONER ADVENTURE

23 HARBOR LOOP
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT 30,000

UNITED WAY OF BUFFALO & ERIE COUNTY

742 DELAWARE AVENUE
BUFFALO,NY14209 		  PC GENERAL SUPPORT 20,000

UNITED WAY OF GREATER NIAGARA

6420 INDUCON DRIVE WEST SUITE B2
SANBORN,NY14132 		  PC GENERAL SUPPORT 20,000

VINEYARD INDEPENDENCE PARTNERSHIP

PO BOX 1204
WEST TISBURY,MA02575 		  PC GENERAL SUPPORT 5,000

VINEYARD FAMILY TENNIS

PO BOX 72
OAK BLUFFS,MA02557 		  PC TENNIS SCHOLARSHIPS FOR VINEYARD CHILDREN 5,000

VINEYARD HOUSE

PO BOX 4599 56 SHORT HILL ROAD
VINEYARD HAVEN,MA02568 		  PC GENERAL SUPPORT 25,000

VISTA LIFE INNOVATIONS INC

107 BRADLEY ROAD
MADISON,CT06443 		  PC KEITH MURPHY MEMORIAL FUND 500

WALNUT HILL SCHOOL OF THE ARTS

12 HIGHLAND STREET
NATICK,MA01760 		  PC GENERAL SUPPORT 75,000

WALNUT HILL SCHOOL OF THE ARTS

12 HIGHLAND STREET
NATICK,MA01760 		  PC GENERAL SUPPORT, SCHOLARSHIPS 25,000

WELLSPRING HOUSE INC

302 ESSEX AVENUE
GLOUCESTER,MA01930 		  PC GENERAL SUPPORT 50,000

YMCA OF MARTHA'S VINEYARD

111R EDGARTOWN VINEYARD HAVEN RD
VINEYARD HAVEN,MA02568 		  PC GENERAL SUPPORT 105,000

YMCA OF THE NORTH SHORE INC

200 CUMMINGS CENTER SUITE 173D
BEVERLY,MA01915 		  PC GENERAL SUPPORT, SCHOLARSHIPS 25,000

YMCA OF THE NORTH SHORE INC

245 CABOT STREET
BEVERLY,MA01915 		  PC GENERAL SUPPORT 25,000

BUFFALO PRENATAL-PERINATAL NETWORK

703 WASHINGTON STREET
BUFFALO,NY14213 		  PC GENERAL SUPPORT 10,000

CARE DIMENSIONS

75 SYLVAN STREET SUITE B-102
DANVERS,MA01923 		  PC KAPLAN HOUSE HOSPICE 25,000

CEPA ART GALLERY

617 MAIN STREET STE 201
BUFFALO,NY14203 		  PC GENERAL SUPPORT 30,000

CHILMARK PRESCHOOL

PO BOX 425
CHILMARK,MA02535 		  PC CONSTRUCTION FUNDING 250,000

HARBORLIGHT HOMES

PO BOX 507
BEVERLY,MA01915 		  PC HOUSING GRANT 1,000,000

KENAN CENTER

433 LOCUST STREET
LOCKPORT,NY14094 		  PC GENERAL SUPPORT 100,000

NAVIGATOR HOMES

PO BOX 1356
VINEYARD HAVEN,MA02568 		  PC SENIOR HOUSING 1,000,000
Total .................................right arrow 3a 8,016,036
bApproved for future payment

BURCHFIELD-PENNEY ART CENTER
1300 ELMWOOD AVENUE
BUFFALO,NY14222 		  PC MATCHING GRANT / EDUCATION ENDOWMENT - NOT TO EXCEED $625,000 125,000

HARBORLIGHT HOMES
PO BOX 507
CHILMARK,MA02535 		  PC GIFT AGREEMENT 1,000,000
Total ................................. right arrow 3b 1,125,000
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 ........... 		    14 39,332  
4 Dividends and interest from securities .... 900001 13 14 1,228,262  
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 ............ 		900001 375 18 4,075,385  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRETURN OF PRIOR YEAR CONTRIBUTIONS 		        51,288
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 388 5,342,979 51,288
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,394,655
(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.)
11A RETURN OF PRIOR YEAR CONTRIBUTIONS
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-
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Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 42,940 21,470   21,470

TY 2024 InvestmentsCorpBondsSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Name of Bond End of Year Book Value End of Year Fair Market Value
UBS #16816 1,762,764 1,747,965
UBS #16822 802,219 745,251

TY 2024 InvestmentsCorpStockSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Name of Stock End of Year Book Value End of Year Fair Market Value
9,484 SHS M&T BK CORP 867,725 1,783,087
5 SHS BERKSHIRE HATHAWAY INC CL A 1,137,588 3,404,600
UBS #26389 3,277,468 4,508,361
UBS #26390 5,921,259 8,096,118

TY 2024 InvestmentsGovtObligationsSch
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
US Government Securities - End of Year Book Value:

2,486,552
US Government Securities - End of Year Fair Market Value:

2,443,877
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
UBS #16848 AT COST 16,445,132 25,310,028
UBS #16816 AT COST 1,340,397 1,293,876
UBS #16822 AT COST 796,587 725,084
215,735.402 SHS BLACKSTONE REAL ESTATE INCOME TRUST CL S AT COST 2,035,821 2,956,546
.183310% INTEREST ALKEON GROWTH PARTNERS II, LLP AT COST 1,621,204 1,793,426
UBS #26390 AT COST 136,765 136,322

TY 2024 LegalFeesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 456,739 5,595   451,144


TY 2024 OtherAssetsSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTEREST, DIVIDENDS & SALES PROCEEDS RECEIVABLE 35,680 34,795 34,795
PREPAID INTEREST 6,093 3,289 3,289


TY 2024 OtherExpensesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NYS FILING FEE 1,500 0   1,500
INVESTMENT EXPENSE 7,316 7,316   0
ORDINARY LOSS PASSED THROUGH ALKEON GROWTH PARTNERS II, LP 37,302 37,291   0
DIRECTOR & OFFICER INSURANCE 1,250 0   1,250


TY 2024 OtherIncomeSchedule2
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RETURN OF PRIOR YEAR CONTRIBUTIONS 51,288   51,288


TY 2024 OtherProfessionalFeesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
UBS INVESTMENT MANAGEMENT & ADVISORY FEES 136,425 136,425   0
3RD PARTY INVESTMENT MANAGER FEES 69,005 69,005   0


TY 2024 TaxesSchedule
Name:
TOWER FAMILY FUND INC
EIN:
20-5848514
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 7,783 7,783   0
FEDERAL EXCISE TAXES 54,500 0   0
NY UBI TAX 250 0   0