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 Schmetterling Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

27-4267762

B Telephone number (see instructions)

(800) 839-1754

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

$48,848,073J 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)	4,868,141
2	Check .............
3	Interest on savings and temporary cash investments	22,598		22,598
4	Dividends and interest from securities...	981,660		981,660
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,833,465
b	Gross sales price for all assets on line 6a 19,147,300
7	Capital gain net income (from Part IV, line 2)...			4,363,094
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).......	List of Attached Documents: // Content	2,186	2,186
12	Total. Add lines 1 through 11........	7,708,050		5,369,538
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	378,234	378,234
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	95,275	12,327
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	73,570	4,059	69,511
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	547,079		394,620	69,511
25	Contributions, gifts, grants paid.......	2,208,000			2,208,000
26	Total expenses and disbursements. Add lines 24 and 25	2,755,079		394,620	2,277,511
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	4,952,971
b	Net investment income (if negative, enter -0-)			4,974,918
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.............
	2	Savings and temporary cash investments.........	827,486	574,652	574,652
	3	Accounts receivable 1,801
		Less: allowance for doubtful accounts	1,900	1,801	1,801
	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)	1,878,905	List of Attached Documents: // Content 968,649	910,297
	b	Investments—corporate stock (attach schedule).......	33,455,406	List of Attached Documents: // Content 39,688,087	46,585,544
	c	Investments—corporate bonds (attach schedule).......	909,781	List of Attached Documents: // Content 793,260	775,779
	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
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	37,073,478	42,026,449	48,848,073
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	37,073,478	42,026,449
	29	Total net assets or fund balances (see instructions).....	37,073,478	42,026,449
	30	Total liabilities and net assets/fund balances (see instructions).	37,073,478	42,026,449

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

37,073,478

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

4,952,971

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

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

42,026,449

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 .

42,026,449

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
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	19,147,300	14,784,206	4,363,094
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			4,363,094
b
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	4,363,094
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	69,151
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
3	Add lines 1 and 2...........................	3	69,151
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	69,151
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	16,800
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	16,800
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......		9	52,351
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

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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)

(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	(e) Expense account, other allowances
Colleen Clark	Co- Pres, Dir 8.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Co- Pres, Dir 8.0	0	0	0
James A Clark	Dir, Sec, Co- Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec, Co- Pres 1.0	0	0	0
Nicholaus Clark	VP 2.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	VP 2.0	0	0	0
Nissa Clark	VP 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	VP 1.0	0	0	0
Katrina Swartz	VP 4.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	VP 4.0	0	0	0

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










Total number of other employees paid over $50,000...................

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
McHugh Group	Investment MGMT	378,234
4908 Whiteford Rd TOLEDO,OH43623	Investment MGMT	378,234
Foundation Source	Administrative	69,486
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	69,486

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

43,702,848

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

636,098

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

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

44,338,946

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

44,338,946

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

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

665,084

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

43,673,862

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

2,183,693

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

2,183,693

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

69,151

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

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

69,151

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

2,114,542

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

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

2,114,542

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

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

2,114,542

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 ..........

2,277,511

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. .......

2,277,511

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7				2,114,542
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			1,466,926
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $ 2,277,511
a Applied to 2023, but not more than line 2a			1,466,926
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....				810,585
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				1,303,957
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) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....	0

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).)

Colleen Clark

James A Clark

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
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC 125 BROAD ST 18TH FLOOR NEW YORK,NY10004	N/A	PC	General & Unrestricted	10,000
AUSTIN ZOO 10808 RAWHIDE TRL AUSTIN,TX78736	N/A	PC	General & Unrestricted	50,000
BOY SCOUTS OF AMERICA 1340 S BEND AVE SOUTH BEND,IN46617	N/A	PC	General & Unrestricted	5,000
CHICAGO ZOOLOGICAL SOCIETY 3300 GOLF RD BROOKFIELD,IL60513	N/A	PC	General & Unrestricted	50,000
CLAGETT SAILING 231 INDIAN AVE PORTSMOUTH,RI02871	N/A	PC	General & Unrestricted	5,000
FIGHT FOR THE FUTURE EDUCATION FUND PO BOX 55071 BOSTON,MA02205	N/A	PC	General & Unrestricted	10,000
Fishers High School 13000 PROMISE RD Fishers,IN46038	N/A	GOV	Golf outing fund	750
GRAND RAPIDS CABLE ACCESS CENTER 711 BRIDGE ST NW GRAND RAPIDS,MI49504	N/A	PC	General & Unrestricted	5,000
GRAND RAPIDS CABLE ACCESS CENTER 711 BRIDGE ST NW GRAND RAPIDS,MI49504	N/A	PC	WYCE for several hours of the '24 Spring fund drive	5,000
Greenfield-Central High School 810 N BROADWAY Greenfield,IN46140	N/A	GOV	Athletic Department	1,250
HEADBANG FOR SCIENCE INC 2973 HARBOR BLVD STE 537 COSTA MESA,CA92626	N/A	PC	General & Unrestricted	10,000
IBCA INDIANA ALL STARS INC 1945 N COUNTY RD 75 E NORTH VERNON,IN47265	N/A	PC	General & Unrestricted	30,000
INDIANAPOLIS ZOOLOGICAL SOCIETY INC 1200 W WASHINGTON ST INDIANAPOLIS,IN46222	N/A	PC	General & Unrestricted	50,000
INDIANAPOLIS ZOOLOGICAL SOCIETY INC 1200 W WASHINGTON ST INDIANAPOLIS,IN46222	N/A	PC	Butterflies at the Indianapolis Zoo	35,000
INTO ACTION RECOVERY INC 20 FOX RUN DR TEWKSBURY,MA01876	N/A	PC	General & Unrestricted	750,000
LAST PRISONER PROJECT 1312 17TH ST STE 640 DENVER,CO80202	N/A	PC	General & Unrestricted	10,000
LEIGH PURTILL BALLET COMPANY 924 BEULAH ST GLENDALE,CA91202	N/A	PC	General & Unrestricted	5,000
LITERACY CENTER OF WEST MICHIGAN 207 FULTON ST E SUITE 400 GRAND RAPIDS,MI49503	N/A	PC	General & Unrestricted	10,000
MAKE-A-WISH FOUNDATION OF AMERICA 1702 E HIGHLAND AVE STE 400 PHOENIX,AZ85016	N/A	PC	General & Unrestricted	25,000
Morristown Jr-Sr High School 223 S PATTERSON ST Morristown,IN46161	N/A	GOV	Athletics fund	3,000
MUSEUM OF SCIENCE AND INDUSTRY 5700 S LAKE SHORE DR CHICAGO,IL60637	N/A	PC	General & Unrestricted	10,000
NATIONAL WOMENS LAW CENTER 1350 I ST NW STE 700 WASHINGTON,DC20005	N/A	PC	General & Unrestricted	5,000
NATIONS OF COACHES INC 1323 STRATFORD RD SE DECATUR,AL35601	N/A	PC	General & Unrestricted	100,000
Noblesville High School 18111 CUMBERLAND RD Noblesville,IN46060	N/A	GOV	Golf outing fund	1,000
Noblesville High School 18111 CUMBERLAND RD Noblesville,IN46060	N/A	GOV	Athletics fund	1,000
PACERS BASKETBALL CORP FOUNDATION INC 125 S PENNSYLVANIA ST INDIANAPOLIS,IN46204	N/A	PC	General & Unrestricted	8,000
PANCREATIC CANCER ACTION NETWORK INC 2101 ROSECRANS AVE STE 3200 EL SEGUNDO,CA90245	N/A	PC	General & Unrestricted	10,000
PARTNERS IN HEALTH A NONPROFIT CORPORATION PO BOX 996 FREDERICK,MD21705	N/A	PC	General & Unrestricted	10,000
PASADENA HUMANE SOCIETY 361 S RAYMOND AVE PASADENA,CA91105	N/A	PC	General & Unrestricted	2,500
PHILMONT STAFF ASSOCIATION INC 17 DEER RUN RD CIMARRON,NM87714	N/A	PC	General & Unrestricted	10,000
PLANNED PARENTHOOD OF MICHIGAN 950 VICTORS WAY STE 100 ANN ARBOR,MI48108	N/A	PC	General & Unrestricted	10,000
ROSE-HULMAN INSTITUTE OF TECHNOLOGY 5500 WABASH AVE TERRE HAUTE,IN47803	N/A	PC	Rose Hulman Ventures	100,000
ROSE-HULMAN INSTITUTE OF TECHNOLOGY 5500 WABASH AVE TERRE HAUTE,IN47803	N/A	PC	Rose Hulman Ventures	50,000
SAILING ANGELS FOUNDATION 1714 FESTIVAL DR HOUSTON,TX77062	N/A	PC	General & Unrestricted	5,000
SIGMA ALPHA MU FOUNDATION 8701 FOUNDERS RD INDIANAPOLIS,IN46268	N/A	PC	General & Unrestricted	5,000
SOUTHERN POVERTY LAW CENTER INC 400 WASHINGTON AVE MONTGOMERY,AL36104	N/A	PC	General & Unrestricted	5,000
SPORTS REACH INC PO BOX 4002 CAMPBELLSVLLE,KY42719	N/A	PC	To support basketball trip to Columbia	45,000
ST JUDE CATHOLIC CHURCH INDIANAPOLIS INC 5353 MCFARLAND RD INDIANAPOLIS,IN46227	N/A	PC	General & Unrestricted	5,000
Warren Central High School 9500 E 16TH ST Indianapolis,IN46229	N/A	GOV	Athletic Department	3,000
WIKIMEDIA FOUNDATION INC PO BOX 98204 WASHINGTON,DC20090	N/A	PC	General & Unrestricted	2,500
YOUNG MENS CHRISTIAN ASSOCIATION 55 N IH 35 AUSTIN,TX78702	N/A	PC	Four Points YMCA Tomorrow Academy	750,000
Total ................................. 3a				2,208,000

bApproved for future payment

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

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	22,598
4 Dividends and interest from securities ....			14	981,660
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	1,833,465
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCLASS ACTION LAWSUIT PROCEEDS			01	2,186
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				2,839,909

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

2,839,909

(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:

Schedule B
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

Name of the organization

The Schmetterling Foundation

Employer identification number

27-4267762

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025) Page 2

Name of organization The Schmetterling Foundation

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Colleen B Clark Trust 816 Lakewood Hills Terrace Austin, TX787322385	$ 1,992,120	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	EJC-JC Non-Exempt Trust UW dtd 12 816 Lakewood Hills Terrace Austin, TX78732	$ 755,588	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	James A Clark Trust 816 Lakewood Hills Terrace Austin, TX787322385	$ 2,120,433	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 3

Name of organization The Schmetterling Foundation		Employer identification number 27-4267762

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	META PLATFORMS INC META, 243 sh.	$ 151,842	2024-12-16
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ISHARES TR S & P MIDCAP 400 INDEX FD IJH, 9056 sh.	$ 595,070	2024-12-16
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ISHARE SP SMALL CAP 600 INDEX FD IJR, 2805 sh.	$ 345,127	2024-12-16
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ISHARES S&P 500 INDEX FD IVV, 824 sh.	$ 502,286	2024-12-16
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	ISHARES MSCI USA QUALITY FACTOR QUAL, 2158 sh.	$ 397,795	2024-12-16
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	AMAZON COM AMZN, 886 sh.	$ 202,035	2024-12-13
Schedule B (Form 990) (Rev. 1-2025)

Name of organization The Schmetterling Foundation		Employer identification number 27-4267762
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	META PLATFORMS INC META, 162 sh.	$ 101,085	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	MICROSOFT CORP MSFT, 450 sh.	$ 201,827	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	NVIDIA CORP NVDA, 1842 sh.	$ 250,641	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
3	AMAZON COM AMZN, 1550 sh.	$ 353,447	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
3	BROADCOM INC AVGO, 1462 sh.	$ 321,501	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
3	ISHARE SP SMALL CAP 600 INDEX FD IJR, 1603 sh.	$ 197,033	2024-12-13
Schedule B (Form 990) (Rev. 1-2025)

Name of organization The Schmetterling Foundation		Employer identification number 27-4267762
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
3	ISHARES MSCI USA QUALITY FACTOR QUAL, 2698 sh.	$ 497,311	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
3	NVIDIA CORP NVDA, 1105 sh.	$ 150,357	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
3	NVIDIA CORP NVDA, 1844 sh.	$ 250,913	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
3	NETFLIX INC NFLX, 163 sh.	$ 149,565	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
3	BLACKROCK MID-CAP GROWTH EQUITY INSTL CMGIX, 8660 sh.	$ 200,306	2024-12-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 4


Name of organization The Schmetterling Foundation			Employer identification number 27-4267762
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- 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 Schmetterling Foundation

EIN:

27-4267762

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 4.950% - 03/15/20	53,199	53,001
AMAZON COM INC - 1.500% - 06/0	54,383	54,296
AT&T, INC - 2.550% - 12/01/203	54,369	54,004
CITIGROUP INC - 3.887% - 01/10	53,353	52,938
COMCAST CORP NOTE - 4.150% - 1	55,538	53,647
CVS CAREMARK CORP NOTE - 4.300	55,128	53,281
ENTERPRISE PRODUCTS - 3.300% -	57,186	53,348
GOLDMAN SACHS - 3.800% - 03/15	91,516	89,155
JP MORGAN CHASE BANKNA NOTE -	73,087	71,524
MORGAN STANLEY MTN CALL - 0.00	36,125	35,676
ROYAL DUTCH SHELL CL A - 2.500	43,818	43,534
UNITEDHEALTH GROUP INC - 5.000	56,614	53,718
VERIZON COMMUNICATIONS - 4.125	54,376	53,386
WELLS FARGO - 3.584% - 05/22/2	54,568	54,271

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M CO	79,847	78,487
ABBEY CAPITAL FUTURES STRATEGY	195,080	184,340
ABBEY CAPITAL MULTI ASSET FUND	150,109	150,637
ABM INDS INC	8,700	9,980
ACCENTURE PLC	141,896	138,957
ADIDAS AG	118,123	112,759
ADVANCED MICRO DEVICES INC	95,042	91,196
AGIOS PHARMACEUTICALS INC	7,469	7,065
AGNICO EAGLE MINES LTD	103,752	124,197
AIR PRODS & CHEM INC	143,214	151,111
ALAMO GP INC	6,891	6,135
ALIGN TECHNOLOGY, INC	86,496	66,098
ALPHABET INC CL A	221,357	471,546
ALPHABET INC CL C	20,744	33,708
AMAZON COM	834,593	1,051,756
AMER INTERNATIONAL GROUP INC	86,927	84,666
AMERESCO INC CL A	8,632	3,992
AMICUS THERAPEUTICS INC	8,654	7,414
AMPHENOL CORPORATION	56,396	52,851
ANALOG DEVICES INC	22,658	23,796
APPLE INC	463,295	784,315
APPLIED IDNS TECH	6,923	17,721
APPLOVIN CORP	74,258	66,709
AQR DIVERSIFIED ARB I	253,508	253,647
ARCBEST CORPORATION	4,937	4,013
ARDELYX INC	8,773	5,901
ARMADA HOFFLER PROPERTIES INC	4,631	3,591
ARTIVION ORD SHS	6,626	9,034
ASGN INC	13,248	11,001
ASML HOLDING NV NY REG SHS	191,508	208,617
ASSOCIATED BANC-CORP	6,387	7,098
ASTERA LABS, INC	30,012	31,656
ASTRAZENECA	202,925	182,735
ATKORE INTERNATIONAL GROUP INC	5,002	2,754
ATLANTIC TELE-NETWORK, INC	3,062	1,160
ATRICURE, INC.	12,381	8,679
AXSOME THERAPEUTICS	7,039	6,938
AZENTA INC	8,372	5,200
BAKER HUGHES COMPANY	96,526	108,539
BARCLAYS PLC ADR	163,737	168,225
BEIERSDORF AG ADR EACH REPR 0.	203,715	201,148
BERKSHIRE HATHAWAY INC. CLASS	225,376	305,057
BLACK HILLS CORP	9,609	9,480
BLACKROCK EMERGING MARKETS FUN	2,768,439	2,461,927
BLACKROCK EVENT DRIVEN EQUITY	247,068	250,100
BLACKROCK GLOBAL LONG SHORT EQ	142,524	152,685
BLACKROCK MID CAP DIVIDEND FUN	1,483,072	1,818,051
BLACKROCK MID-CAP GROWTH EQUIT	2,121,566	3,053,604
BLACKROCK STRAT INC OPP PORTFO	3,738,459	3,685,687
BLUEPRINT MEDICINES CORPORATIO	10,713	11,077
BOISE CASCADE COMPANY	6,822	13,193
BOSTON SCIENTIFIC	54,247	71,903
BOX INC	5,385	6,320
BRINKER INTL INC	6,368	19,050
BROADCOM INC	254,266	492,660
CADENCE DESIGN SYSTEMS INC	275,082	361,754
CANADIAN NATL RAILWAY CO	230,418	207,080
CANADIAN PACIFIC RAILWAY LTD	228,370	206,182
CAPITAL ONE FINANCIAL CORP	109,721	106,992
CARDINAL HEALTH INC	99,532	116,378
CASELLA WASTE SYSTEMS INC	9,843	12,697
CATALYST MILLBURN HEDGE STRATE	99,394	101,048
CATERPILLAR INC	125,836	121,162
CHART INDUSTRIES, INC	7,550	11,450
CHEVRON CORP	81,534	80,676
CIENA CORP	128,450	205,919
CITY HOLDING COMPANY	5,081	7,227
CLEARWATER ANALYTICS HOLDINGS,	4,031	5,504
CME GROUP, INC	81,670	82,209
CNO FINANCIAL GROUP INC	6,941	10,344
COGNIZANT TECHNOLOGY SOLUTIONS	67,941	85,205
COLUMBUS MCKINNON CORPORATION	10,027	9,273
COMCAST CORP	71,811	62,638
COMPAGNIE DE SAINT G	171,478	182,167
CONMED CORPORATION	11,874	7,665
CONOCOPHILLIPS	72,779	56,924
CONSTRUCTION PARTNERS INC	4,560	10,173
COPART INC	84,275	101,408
CORTEVA INC	53,036	69,719
COSTAR GROUP, INC	77,598	68,583
CROWN CASTLE INTL	59,859	55,001
CUMMINS INC	86,937	90,287
CUSHMAN & WAKEFIELD PLC	5,199	8,332
DANA HOLDING CP	5,888	3,676
DANAHER CORP	213,811	200,397
DEUTSCHE TELE AG ADS	208,638	262,441
DIAMONDROCK HOSP CO	5,360	5,454
DISCOVER FINL SVCS COM	99,228	116,584
DTE ENERGY CO COM	127,276	143,693
DUKE ENERGY CO	147,251	172,384
DUN & BRADSTREET CORP	45,466	49,030
ELECTRONIC ARTS	73,654	78,709
ELEVANCE HEALTH INC	81,042	59,024
ELI LILLY & CO	221,719	317,292
ENTERPRISE FINANCIAL SERVICES	4,776	6,148
EOG RESOURCES INC	54,345	54,671
ESCO TECH INC	4,914	7,193
ESSENT GROUP LTD	8,554	10,180
ESSENTIAL PROPERTIES REALTY TR	7,005	8,602
EXLSERVICE HOLDINGS INC	9,051	14,867
EXXON MOBIL CORP	191,635	213,957
FEDERAL SIGNAL CORP	7,435	16,261
FERRARI NV	85,194	88,367
FIDELITY NATIONAL FINANCIAL IN	53,088	73,431
FIRST ADVANTAGE CORP	3,789	4,420
FIRST BANCORP	5,699	6,464
FIRST ENERGY CORP	63,183	63,887
FIRST FINANCIAL BANCORP	6,389	7,607
FIRST INTERSTATE BANCSYSTEM IN	8,669	7,890
FORTIVE CORPORATION	28,366	31,800
FOUR CORNERS PROPERTY TRUST IN	7,888	8,006
FREEPORT-MCMORAN COPPER & GOLD	134,764	114,925
FTAI AVIATION LTD	7,843	7,634
GOTHAM INDEX 500 PLUS FUND	156,769	193,675
H AND E EQUIPMENT SERVICES INC	6,198	6,756
HALOZYME THERAPEUTICS, INC	10,534	12,335
HAMILTON LANE INC	4,992	8,143
HESS CORP	59,039	57,061
HILTON WORLDWIDE HOLDINGS, INC	67,730	65,250
HONEYWELL INTL	123,401	130,790
HOWMET AEROSPACE ORD SHS	30,341	30,186
HUB GROUP, INC	5,366	5,971
HUMANA INC	137,697	105,290
ICHOR HOLDINGS	5,567	4,769
IMAX CORPORATION	7,556	10,214
INDEPENDENCE REALTY TR	10,506	12,043
INDEPENDENT BANK CORP	7,724	7,382
INDEPENDENT BANK GROUP INC	7,058	7,766
INFINEON TECH ADS	131,040	112,597
INSMED INC COM DE	5,065	14,567
INTERCONTINENTAL EXCHANGE, INC	111,236	144,987
INTERNATIONAL BUSINESS MACHINE	83,406	111,674
INTERNATIONAL SEAWAYS INC	2,519	1,689
INTESA SANPAOLO SPA	97,075	131,811
INTRA CELLULAR THERAPIES INC	2,838	4,092
INTUIT	210,944	246,372
INTUITIVE SURGICAL	62,486	126,836
IOVANCE BIOTHERAPEUTICS	4,055	3,271
ISHARE SP SMALL CAP 600 INDEX	1,461,881	1,993,422
ISHARES CORE DIVIDEND GROWTH	2,762,383	3,625,072
ISHARES MSCI USA QUALITY FACTO	1,362,528	1,988,797
J & J SNACK FOODS CORP	11,025	10,859
JANUS INTERNATIONAL GROUP INC	3,143	2,220
JOHN HANCOCK DIVERSIFIED MACRO	216,639	202,939
JOHNSON & JOHNSON	230,299	212,158
JOHNSON CONTROLS INTERNATIONAL	84,347	91,401
JP MORGAN CHASE	253,885	419,972
JPMORGAN HEDGED EQUITY 2 FUND	128,360	151,164
JULIUS BAER GROUP LTD	119,102	128,510
KADANT INC	8,246	12,075
KAISER ALUMINUM CORPORATION	7,305	5,200
KB HOME	6,017	8,149
KE HOLDINGS INC.	71,506	55,334
KITE RLTY GROUP TRUST	9,001	10,777
KKR & CO INC	29,803	30,174
KONTOOR BRANDS INC	7,318	10,078
KROGER CO	87,261	110,070
L'AIR LIQUIDE ADR OTC	93,671	94,428
LA Z BOY INC	4,122	5,446
LANTHEUS HOLDINGS INC	6,871	8,946
LAS VEGAS SANDS CORP	112,932	111,605
LEXINGTON REALTY TRUST	7,621	5,424
LIBERTY OILFIELD SVCS INC COM	3,621	3,759
LIGAND PHARMACEUTICALS INC	9,426	10,501
LOCKHEED MARTIN CORP	55,738	50,052
LVMH MOET HENN UNSP	244,411	193,029
MADDEN STEVEN LTD	13,798	14,925
MAGNOLIA OIL + GAS CORPORATION	9,413	9,796
MALIBU BOATS INC	5,441	3,270
MARVELL TECHNOLOGY, INC	262,042	350,016
MASTERCARD INC	279,989	373,338
MEDTRONIC PLC	153,070	142,186
MERIT MEDICAL SYSTEMS, INC.	10,111	13,444
META PLATFORMS INC	417,041	607,759
MICRON TECHNOLOGY	65,655	58,912
MICROSOFT CORP	752,698	1,059,651
MINERAL TECH INC	14,203	16,385
MODINE MFG CO	6,856	6,608
MONGODB INC CL A	50,291	32,593
MONTROSE ENVIRONMENTAL GRP ORD	3,776	1,558
MYR GROUP INC DEL COM	9,454	12,794
NEOGENOMICS INC	10,147	7,334
NETFLIX INC	136,061	198,764
NEUBERGER BERMAN ALTRNTIVE FDS	287,053	303,019
NEWMONT GOLDCORP CORPORATION	121,740	107,045
NINTENDO CO LTD ADR UNSPON	90,146	104,312
NMI HOLDINGS, INC	5,938	9,705
NORTHWESTERN CORP	9,113	8,607
NOVO NORDISK A S	254,690	263,393
NVIDIA CORP	625,924	1,008,652
OLD DOMINION FREIGHT LINE	57,718	50,274
OLD NATIONAL BANCORP	10,453	13,913
OMNIAB INC COM	2,623	1,975
OMNICELL, INC	12,036	6,188
ONESPAWORLD HOLDINGS ORD SHS	3,219	4,677
OTIS WORLDWIDE CORP	178,320	178,367
PACCAR INC	55,559	50,034
PACIFIC PREMIER BANCORP INC	8,266	6,504
PATTERSON-UTI ENERGY INC	14,576	11,085
PAYPAL HOLDINGS, INC	52,686	68,024
PERELLA WEINBERG PARTNERS	2,286	2,694
PERMIAN RESOURCES CORP CLASS A	10,323	15,401
PFIZER INC	179,657	141,299
PHILIP MORRIS INTL	77,126	93,271
PHILLIPS EDISON AND COMPANY OR	4,886	5,844
PJT PARTNERS INC	4,716	8,995
PNC FINANCIAL GROUP INC	161,377	202,878
PRESTIGE BRAND HLGS	12,391	17,102
PROCTER GAMBLE CO	170,099	187,600
PROGRESS SOFTWARE CORP	6,358	7,427
PUBLIC STORAGE INC	123,171	111,392
Q2 HOLDINGS INC	5,353	16,104
QUAKER CHEMICAL CORP	9,226	5,912
RAPID7 INCORPORATED	14,134	7,080
RAYTHEON TECHNOLOGIES CORP	65,248	68,853
RECRUIT HOLDINGS CO	162,337	299,950
REDDIT, INC	58,490	62,434
REINSURANCE GROUP AMER INC	45,390	76,052
RELX PLC	234,038	233,277
RENASANT CORPORATION	3,598	4,040
RUBRIK, INC.	1,015	2,157
RXO INC. COMMON STOCK	3,952	3,385
S&P GLOBAL INC COM	216,305	243,039
SALESFORCE.COM	119,707	118,018
SANOFI-AVENTIS SPONSORED ADR	107,873	102,006
SCORPIO TANKERS INC	4,364	3,130
SELECTIVE INS GROUP INC	11,594	12,625
SEMPRA ENERGY COM	97,452	117,896
SEMTECH CORPORATION	9,910	12,432
SHELL ADR EACH REPRESENTING 2	62,914	62,587
SHERWIN-WILLIAMS CO	70,930	94,161
SHOPIFY INC	50,348	81,236
SILICON LABORATORIES, INC	10,813	10,310
SIMON PPTY GROUP INC	54,183	54,935
SKECHERS U S A INC CL A	56,336	68,047
SM ENERGY COMPANY	9,592	9,147
SONIC AUTOMOTIVE INC CL A	5,285	5,892
SONY GROUP CORP	434,910	538,310
SOUTH STATE CORPORATION	7,793	10,644
SPIRE INC	8,175	8,818
SPROUT SOCIAL INC	9,655	3,992
SPS COMMERCE, INC	9,331	11,223
SS&C TECHNOLOGIES INC	74,423	75,022
STANDARD CHARTERED	94,974	131,886
STRYKER CORPORATION	67,141	79,931
SUMMIT MATERIALS INC (DELISTED	10,960	16,597
SUN COUNTRY AIRLINES HOLDINGS	8,490	6,094
SUPERNUS PHARMACEUTICALS INC	8,421	10,559
TAIWAN SEMICONDUCTOR MFG CO LT	284,031	394,388
TAYLOR MORRISON HOME CORP	6,424	12,977
TECK RESOURCES LIMITED	85,993	68,820
TECNOGLASS INC	3,317	8,091
TEEKAY TANKERS CL A	2,549	1,552
TENCENT HOLDINGS LIMITED	204,611	284,141
TENET HEALTHCARE CORP	34,438	75,612
TERRENO RLTY CORPCOM	7,727	7,570
TESLA MOTORS INC	119,672	174,863
THE BALDWIN INSURANCE GROUP, I	7,748	12,287
THE BLACKSTONE GROUP INC CL A	48,868	89,141
THE TRADE DESK INC	45,688	44,426
THERMO FISHER SCIENTIFIC INC	81,919	75,954
TKO GROUP HOLDINGS, INC	39,790	86,545
TRANE TECHNOLOGIES PLC	50,830	48,385
TRANSDIGM GRP INC	69,242	139,401
TRANSMEDICS GROUP INC	5,183	5,861
TRAVERE THERAPEUTICS	8,725	7,856
TRUIST FINANCIAL CORPORATION	79,540	76,913
TWODY	147,032	103,921
UBER	57,943	48,196
ULS	995	1,197
UNITED COMMUNITY BANKS, INC	6,947	7,657
UNITEDHEALTH GROUP INC	174,120	161,875
URBAN OUTFITTERS, INC	7,427	10,372
VALLEY NATL BANCORP	6,958	5,318
VARONIS SYSTEMS INC	12,556	11,907
VERINT SYSTEMS INC	7,986	5,957
VERIZON COMMUNICATIONS	65,971	76,941
VERTIV CL A	81,911	112,815
VICTORY MARKET NEUTRAL INCOME	51,400	50,906
VISA INC	211,875	295,497
WAL-MART STORES INC	169,101	257,498
WARBY PARKER ORD SHS CLASS A	3,227	4,721
WELLS FARGO & CO	80,387	109,715
WERNER ENTERPRISES INC	6,464	5,604
WESBANCO INC	5,432	5,695
WESTERN ASSET SMASH SERIES C F	366,517	342,767
WESTERN ASSET SMASH SERIES EC	1,096,599	968,023
WESTERN ASSET SMASH SERIES M F	500,143	451,996
WESTINGHOUSE AIR BRAKE TECHNOL	69,328	88,159
WHEATON PRECIOUS METALS CORP	115,051	133,401
WNS (HOLDINGS) LIMIT	8,978	5,497
WORKIVA INC	6,983	7,994
WORTHINGTON INDUSTRIES INC	3,266	4,091
WSFS FINANCIAL CORPORATION	7,640	9,032
YELP INC	5,922	5,921
YETI HOLDINGS, INC.	5,064	4,814
ZEBRA TECHNOLOGIES CORP	63,241	99,645
ZURN WATER SOLUTIONS	8,462	10,593

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

The Schmetterling Foundation

EIN:

27-4267762

US Government Securities - End of Year Book Value:

968,649

US Government Securities - End of Year Fair Market Value:

910,297

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

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

- TIN:

TY 2024 OtherExpensesSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	69,486		69,486
Bank Charges	4,059	4,059
State or Local Filing Fees	25		25

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

The Schmetterling Foundation

EIN:

27-4267762

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Class Action Lawsuit Proceeds	2,186	2,186

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	378,234	378,234

- TIN:

TY 2024 TaxesSchedule

Name:

The Schmetterling Foundation

EIN:

27-4267762

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2024	16,800
990-PF Excise Tax for 2023	66,148
Foreign Tax Paid	12,327	12,327