TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
THE KAREN & DREW PESLAR FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)401 SOUTH OLD WOODWARD 433
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, MI48009

A Employer identification number

38-3374272

B Telephone number (see instructions)

(248) 594-6294

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$8,442,415J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	3,202		3,202
4	Dividends and interest from securities...	92,462		92,462
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		392,796
b	Gross sales price for all assets on line 6a 3,672,950
7	Capital gain net income (from Part IV, line 2)...			392,796
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	488,460		488,460
13	Compensation of officers, directors, trustees, etc.	18,000		0	18,000
14	Other employee salaries and wages......	56,920		14,230	36,998
15	Pension plans, employee benefits.......	12,137		3,034	7,889
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	1,452	726	726
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	4,650	2,325	2,325
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	68,030	68,030	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	3,169	2,249	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	1,301	427
20	Occupancy..............	45,018		11,255	29,262
21	Travel, conferences, and meetings.......	568		0	568
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	11,933	2,023	9,144
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	223,178		104,299	104,912
25	Contributions, gifts, grants paid.......	301,706			301,706
26	Total expenses and disbursements. Add lines 24 and 25	524,884		104,299	406,618
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-36,424
b	Net investment income (if negative, enter -0-)			384,161
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	55,149	131,422	131,422
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	5,230,528	List of Attached Documents: // Content 5,128,143	8,306,105
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 100,157
		Less: accumulated depreciation (attach schedule) 98,152	3,307	List of Attached Documents: // Content 2,005	2,005
	15	Other assets (describe )	List of Attached Documents: // Content 2,883	List of Attached Documents: // Content 2,883	List of Attached Documents: // Content 2,883
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,291,867	5,264,453	8,442,415
	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 )	List of Attached Documents: // Content 171,436	List of Attached Documents: // Content 180,446
	23	Total liabilities (add lines 17 through 22).........	171,436	180,446
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	7,466,227	7,466,227
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	-2,345,796	-2,382,220
	29	Total net assets or fund balances (see instructions).....	5,120,431	5,084,007
	30	Total liabilities and net assets/fund balances (see instructions).	5,291,867	5,264,453

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

5,120,431

Enter amount from Part I, line 27a .....................

-36,424

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

5,084,007

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

5,084,007

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
1 a	PUBLICLY TRADED SECURITIES - SCHWAB #8056	P
b	PUBLICLY TRADED SECURITIES - SCHWAB #8056	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,516,232	1,601,049	-84,817
b	2,156,718	1,679,105	477,613
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-84,817
b			477,613
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	392,796
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	5,340
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	5,340
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	5,340
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	2,920
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	2,920
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	2,420
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

DREW PESLAR Telephone no. right arrow

(248) 594-6294

Located at right arrow

401 SOUTH OLD WOODWARD NO 433BIRMINGHAMMI ZIP+4 right arrow

48009

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
DREW PESLAR	CHAIRMAN 15.00	0	0
401 SOUTH OLD WOODWARD SUITE 433 BIRMINGHAM,MI48009	CHAIRMAN 15.00	0	0
KAREN PESLAR	DIRECTOR/TREASURER 4.00	0	0
401 SOUTH OLD WOODWARD SUITE 433 BIRMINGHAM,MI48009	DIRECTOR/TREASURER 4.00	0	0
SAMANTHA DURAKOVIC	DIRECTOR/SECRETARY 7.00	18,000	0
401 SOUTH OLD WOODWARD SUITE 433 BIRMINGHAM,MI48009	DIRECTOR/SECRETARY 7.00	18,000	0
VIRGINIA WEBSTER-SMITH	PRESIDENT/EXECUTIVE DIRECT 32.00	56,920	7,500
401 SOUTH OLD WOODWARD SUITE 433 BIRMINGHAM,MI48009	PRESIDENT/EXECUTIVE DIRECT 32.00	56,920	7,500

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...................				0

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 arrow

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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

8,177,728

Average of monthly cash balances.......................

147,674

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

8,325,402

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

8,325,402

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

124,881

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

8,200,521

Minimum investment return. Enter 5% (0.05) of line 5................

410,026

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.)

Minimum investment return from Part IX, line 6..................

410,026

Tax on investment income for 2024 from Part V, line 5 .......

5,340

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

5,340

Distributable amount before adjustments. Subtract line 2c from line 1............

404,686

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

404,686

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

404,686

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

406,618

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

406,618

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					404,686
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......	195,913
c From 2021......	133,069
d From 2022......	157,443
e From 2023......	197,637
f Total of lines 3a through e ........		684,062
4Qualifying distributions for 2024 from Part
XI, line 4: $ 406,618
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.....					404,686
e Remaining amount distributed out of corpus		1,932
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		685,994
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		685,994
10 Analysis of line 9:
a Excess from 2020....	195,913
b Excess from 2021....	133,069
c Excess from 2022....	157,443
d Excess from 2023....	197,637
e Excess from 2024....	1,932

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

DREW PESLAR

KAREN PESLAR

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BEYOND BASICS 18000 WEST NINE MILE ROAD SUITE 450 SOUTHFIELD,MI48075		PC	FOR EDUCATIONAL PROGRAMMING	10,000
DETROIT SYMPHONY ORCHESTRA 3711 WOODWARD AVE DETROIT,MI48201		PC	FOR PROGRAMMING	10,000
LOYOLA HIGH SCHOOL 15325 PINEHURST DETROIT,MI48238		PC	FOR EDUCATIONAL PROGRAMMING	49,206
FORGOTTEN HARVEST 21800 GREENFIELD ROAD OAK PARK,MI48237		PC	FOR ASSISTANCE TO NEEDY FAMILIES	10,000
THE PEWABIC SOCIETY 10125 EAST JEFFERSON DETROIT,MI48214		PC	FOR EDUCATIONAL PROGRAMMING	5,000
DETROIT ZOOLOGICAL SOCIETY 8450 WEST TEN MILE ROAD ROYAL OAK,MI48067		PC	FOR PROGRAMMING	55,000
KIDS ON THE GO 128 SUNNINGDALE DR GROSS POINTE WOODS,MI48236		PC	FOR YOUTH THERAPY PROGRAMMING	5,000
MICHIGAN OPERA THEATRE 1526 BROADWAY DETROIT,MI48226		PC	FOR PROGRAMMING	35,000
BEDS 4 KIDS 14241 ELEVEN MILE ROAD OAK PARK,MI48237		PC	FOR ASSISTANCE TO NEEDY FAMILIES	10,000
ANGEL'S PLACE 29299 FRANKLIN ROAD SUITE 2 SOUTHFIELD,MI48034		PC	FOR ASSISTANCE TO DEVELOPMENTALLY CHALLENGED ADULT PROGRAMS	10,000
COREWELL HEALTH FOUNDATION SE 26901 BEAUMONT BLVD SOUTHFIELD,MI48033		PC	FOR FUNDING OF VARIOUS INITIATIVES TO SUPPORT PATIENT CARE	10,000
MERCY EDUCATION PROJECT 1450 HOWARD STREET DETROIT,MI482161917		PC	FOR EDUCATIONAL PROGRAMMING	5,000
FURNITURE BANK OF SOUTHEASTERN MICHIGAN 333 NORTH PERRY PONTIAC,MI48342		PC	FOR ASSISTANCE TO NEEDY FAMILIES	7,500
UNIVERSITY OF MICHIGAN CLEMENTS LIBRARY ANN ARBOR,MI48109		PC	FOR EDUCATIONAL PROGRAMMING	5,000
CRANBROOK INSTITUTE OF SCIENCE PO BOX 801 BLOOMFIELD HILLS,MI483030801		PC	FOR EDUCATIONAL PROGRAMMING	20,000
MICHIGAN HUMANE SOCIETY 2937 E GRAND BLVD SUITE 800 DETROIT,MI48202		PC	FOR ANIMAL SHELTER PROGRAMS AND SUPPORT	15,000
GLEANERS COMMUNITY FOOD BANK 2131 BEAUFAIT DETROIT,MI48207		PC	FOR ASSISTANCE TO NEEDY FAMILIES	10,000
MOTOR CITY LYRIC OPERA 13301 MOUND ROAD DETROIT,MI48212		PC	FOR PROGRAMMING	5,000
THE NATURE CONSERVANCY MICHIGAN CHAPTER 101 EAST GRAND RIVER LANSING,MI489062265		PC	FOR PROGRAMMING	15,000
POPE FRANCIS CENTER 438 ST ANTONIE STREET DETROIT,MI482264318		PC	FOR HUMAN SERVICES AND COMMUNITY ASSISTANCE	10,000
Total ................................. 3a				301,706

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	3,202
4 Dividends and interest from securities ....			14	92,462
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14
8 Gain or (loss) from sales of assets other than inventory ............			18	392,796
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		488,460	0

13Total. Add line 12, columns (b), (d), and (e)..................

488,460

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	4,650	2,325		2,325

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
RUG	2009-03-19	2,950	2,950	SL	7.000000000000	0
SHELVING	2009-03-24	671	671	SL	7.000000000000	0
IMPROVEMENTS	2009-02-24	25,826	25,826	SL	7.000000000000	0
IMPROVEMENTS	2009-03-26	22,410	22,410	SL	7.000000000000	0
COMPUTER EQUIPMENT	2014-07-08	3,142	3,142	SL	5.000000000000	0
PRINTER	2016-02-15	404	404	SL	5.000000000000	0
COMPUTER	2020-05-27	2,299	1,648	ADS	5.000000000000	460
COMPUTER EQUIPMENT	2021-01-14	1,119	672	ADS	5.000000000000	224
COMPUTER	2021-01-14	2,190	1,314	ADS	5.000000000000	439
OFFICE CHAIR	2021-04-01	1,772	443	ADS	10.000000000000	178

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Name of Stock	End of Year Book Value	End of Year Fair Market Value
130 SHS COSTCO WHOLESALE CO	4,041	119,115
225 SHS TECHTRONIC INDS LTD F	7,922	14,762
500 SHS CAPGEMINI S E F	12,104	16,230
275 SHS DBS GROUP HOLDINGS LIM F	15,815	35,211
1115 SHS BROOKFIELD ASSET MGM F	41,182	60,422
125 SHS TYLER TECHNOLOGIES	43,222	72,080
350 SHS DASSAULT SYSTEMS S A F	9,006	12,054
20 SHS IDEXX LABS INC	5,359	8,269
75 SHS CANADIAN NATL RAILWAY F	6,969	7,613
125 SHS CHECK PT SOFTWARE F	13,520	23,338
175 SHS NICE LTD	33,359	29,722
165 SHS WEST PHARM SRVC INC	12,377	54,047
670 SHS EXPERIAN PLC F	20,550	28,629
700 SHS LONDON STOCK EXCHANGE F	20,836	24,983
200 SHS MTU AERO ENGINES HOLDI F	21,007	33,136
200 SHS CHEVRON CORPORATION CMN	21,031	28,968
200 SHS PALO ALTO NETWORKS	7,614	36,392
405 SHS EXXON MOBIL CORPORATION CMN	21,814	43,566
200 SHS MONOLITHIC POWER SYSTEM	71,924	118,340
472 SHS AIRBUS SE	20,359	21,352
400 SHS COSTAR GROUP INC	30,002	28,636
60 SHS INTUIT INC	23,500	37,710
75 SHS NESTLE S A	7,869	6,128
50 SHS ASML HLDGS NV	10,445	34,654
100 SHS CROWDSTRIKE HLDGS INC	16,935	34,216
400 SHS FASTENAL CO	12,339	28,764
975 SHS BROADCOM INC	7,706	226,044
150 SHS INTUITIVE SURGICAL	35,156	78,294
1000 SHS ISHARES MSCI EMERGING	42,528	41,820
100 SHS ACCENTURE PLC	19,116	35,179
300 SHS AGILENT TECHNOLOGIES	21,158	40,302
75 SHS VERTEX PHARMACEUTICA	13,467	30,203
75 SHS ICON PLC	15,152	15,728
345 SHS THE TRADE DESK INC	31,598	40,548
100 SHS ATLASSIAN CORP	22,797	24,338
180 SHS GLOBANT SA F	37,328	38,596
150 SHS HOME DEPOT INC	32,577	58,349
75 SHS VEEVA SYSTEMS INC	21,108	15,769
250 SHS PEPSICO INC	31,990	38,015
500 SHS TAIWAN SEMICONDUCTOR	31,083	98,745
1775 SHS APPLE COMPUTER INC	207,538	444,496
475 SHS HDFC BANK LIMITED	17,363	23,948
250 SHS UNION PACIFIC CORP	47,680	57,010
125 SHS SALESFORCE COM	17,116	41,791
700 SHS WISDOMTREE EUROPE HEDGED	22,675	30,604
375 SHS BOEING CO	64,020	66,375
200 SHS UNITEDHEALTH GRP INC	40,601	101,172
200 SHS BLACKROCK INC	136,098	205,022
100 SHS MASTERCARD INC	35,525	52,657
225 SHS WORKDAY INC	50,383	58,057
1225 SHS WEC ENERGY GROUP INC	114,393	115,199
110 SHS META PLATFORMS INC	15,677	64,406
200 SHS MSCI INC	113,547	120,002
775 SHS CORTEVA INC: CTVA	46,403	44,144
90 SHS ROPER TECHNOLOGIES	47,223	46,787
175 SHS CASEYS GEN STORES	47,500	69,340
100 SHS SERVICE NOW INC	38,125	106,012
700 SHS WAL MART DE MEXICO SAF	19,556	18,480
25 SHS MERCADOLIBRE INC	30,260	42,511
75 SHS PENUMBRA INC	12,621	17,811
175 SHS AXON ENTERPRISE INC	32,579	104,006
2250 SHS BANK OF NY MELLON CO: BK	127,294	172,868
1000 SHS CHIPOTLE MEXICAN GRILL	41,511	60,300
1650 SHS TERRENO REALTY CORP	114,205	97,581
695 SHS AMAZON COM INC	76,983	152,476
1425 SHS SCHLUMBERGER LTD F	27,640	54,635
2350 SHS ISHARES MSCI EUROPE	39,548	54,755
1100 SHS TENCENT HOLDINGS	43,775	58,498
650 SHS REPUBLIC SERVICES	60,391	130,767
900 SHS ALPHABET INC - CLASS A	80,142	170,370
4500 SHS NVIDIA	67,877	604,305
200 SHS CHUBB LTD	30,874	55,260
335 SHS REINSURANCE GP AMER	31,928	71,566
550 SHS SHARES MSCI JAPAN ETF	31,480	36,905
3100 SHS AMPHENOL CORP	121,487	215,295
225 SHS GENERAL DYNAMICS CORP	41,057	59,285
275 SHS MARSH & MC LENNAN CO	31,003	58,413
350 SHS ZOETIS INC	43,598	57,026
700 SHS MONDELEZ INTL	39,067	41,811
475 SHS XYLEM INC XYL	50,882	55,110
825 SHS ROSS STORES INC	90,872	124,798
250 SHS STARBUCKS CORP	19,954	22,813
570 SHS HEICO CORP	93,193	135,512
225 SHS CONSTELLATION BRANDS INC	59,900	55,250
725 SHS BOOZ ALLEN HAMILTON	69,504	93,308
400 SHS SHERWIN WILLIAMS CO	106,534	135,972
450 SHS STRYKER CORP	117,107	162,023
125 SHS LINDE PLC F: LIN	31,395	52,334
575 SHS VISA INC	112,559	181,723
600 SHS MERCK & CO, INC	60,431	59,688
950 SHS MICROSOFT CORP	175,384	400,425
75075 SHS US TREASURY	97,595	99,752
175 SHS ADVANCED MICRO DEVICE IN	29,775	21,138
575 SHS ASTRAZENECA PLC	40,505	37,674
225 SHS AUTODESK INC	60,571	66,503
175 SHS CORPAY INC	49,467	59,224
1375 SHS DAIICHI SANKYO CO LTS F	38,468	37,524
150 SHS ELI LILLY AND CO	122,083	115,800
535 SHS FISERV INC	85,822	109,900
1100 SHS INTERCONTINENTAL EXC: ICE	164,551	163,911
325 SHS LONZA GROUP AG	20,376	19,104
300 SHS MARVELL TECHNOLOGY INC	34,268	33,135
55 SHS NETFLIX INC	36,455	49,023
375 SHS NEUROCRINE BIOSCIENC	52,098	51,188
575 SHS T-MOBILE US INC	109,668	126,920
1625 SHS WELLS FARGO & CO	118,118	114,140

- TIN:

TY 2024 LandEtcSchedule2

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
RUG	2,950	2,950	0
SHELVING	671	671	0
IMPROVEMENTS	25,826	25,826	0
IMPROVEMENTS	22,410	22,410	0
COMPUTER EQUIPMENT	3,142	3,142	0
PRINTER	404	404	0
COMPUTER	2,299	2,108	191
COMPUTER EQUIPMENT	1,119	896	223
COMPUTER	2,190	1,753	437
OFFICE CHAIR	1,772	621	1,151

- TIN:

TY 2024 LegalFeesSchedule

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	1,452	726		726

- TIN:

TY 2024 OtherAssetsSchedule

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DEPOSITS	2,883	2,883	2,883

- TIN:

TY 2024 OtherExpensesSchedule

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
TELEPHONE	2,524	631	1,641
OFFICE SUPPLIES	4,319	1,080	2,807
POSTAGE AND DELIVERY	360	90	234
GENERAL LIABILITY	3,994	0	3,994
DUES	169	0	169
COMPUTER REPAIRS	100	25	65
MISCELLANEOUS	107	107	0
BANK SERVICE CHARGES	360	90	234

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Description	Beginning of Year - Book Value	End of Year - Book Value
PAYROLL WITHHOLDINGS	2,828	2,585
BKRG ACCT ASSETS WITH NEGATIVE BASIS	168,608	177,861

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	68,030	68,030		0

- TIN:

TY 2024 TaxesSchedule

Name:

THE KAREN & DREW PESLAR FOUNDATION

EIN:

38-3374272

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	2,248	2,249		0
EXCISE TAX	921	0		0