Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
FRANK P PIERCE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)320 MCCALLIE AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402
A Employer identification number

20-0597131
B Telephone number (see instructions)

(423) 756-5171
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$24,267,488J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 46,535 46,535  
4 Dividends and interest from securities... 367,755 367,755  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,783,069
b Gross sales price for all assets on line 6a 7,742,615
7 Capital gain net income (from Part IV, line 2)... 1,783,069
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........ 2,197,359 2,197,359  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 35,400 35,400   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
44,214 44,214   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
32,210 32,210   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
241,027 241,027   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
25,663 25,663   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,181 4,181   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 382,695 382,695   0
25 Contributions, gifts, grants paid....... 1,037,433 1,037,433
26 Total expenses and disbursements. Add lines 24 and 25 1,420,128 382,695   1,037,433
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 777,231
b Net investment income (if negative, enter -0-) 1,814,664
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 728,977 696,326 696,326
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 18,540    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 19,451,096 Click to see attachment
List of Attached Documents:
// Content
20,260,978 		23,571,162
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,198,613 20,957,304 24,267,488
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 15,712,702 15,712,702
28 Retained earnings, accumulated income, endowment, or other funds 4,485,911 5,244,602
29 Total net assets or fund balances (see instructions)..... 20,198,613 20,957,304
30 Total liabilities and net assets/fund balances (see instructions). 20,198,613 20,957,304
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
20,198,613
2
Enter amount from Part I, line 27a .....................
2
777,231
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
20,975,844
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
18,540
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
20,957,304
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a STOCK AND BOND SALES - CS7080 P    
b STOCK AND BOND SALES - CS7080 P    
c STOCK AND BOND SALES - CS0533 P    
d STOCK AND BOND SALES - CS0533 P    
e STOCK AND BOND SALES - RJ7756 P    
STOCK AND BOND SALES - RJ7756 P    
REDEMPTION - RJ 0483 P    
CAPITAL GAIN DISTRIBUTIONS - CS7080 P    
CAPITAL GAIN DISTRIBUTIONS - CS7080 P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 287,057   287,833 -776
b 1,305,804   1,266,220 39,584
c 276,635   285,690 -9,055
d 2,089,692   1,357,595 732,097
e 610,280   611,018 -738
3,157,801   2,151,190 1,006,611
20     20
633     633
14,693     14,693
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       -776
b       39,584
c       -9,055
d       732,097
e       -738
      1,006,611
      20
      633
      14,693
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,783,069
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 25,224
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 25,224
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 25,224
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 15,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 16,424
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,624
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 6,400
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow6,400 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowGA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.GUIDESTAR.ORG/PROFILE/20-0597131
14
The books are in care ofright arrowHENDERSON HUTCHERSON MCCULLOUGH Telephone no.right arrow (423) 756-7771

Located atright arrow1200 MARKET STREETCHATTANOOGATN ZIP+4right arrow37402
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
THOMAS S TARVIN PRESIDENT & DIRECTOR
12.00 		35,400 0 0
PO BOX 750
CHICKAMAUGA,GA30707
R WAYNE PETERS SECRETARY & TREASURER
2.00 		0 0 0
320 MCCALLIE AVENUE
CHATTANOOGA,TN37402
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
23,560,353
b
Average of monthly cash balances.......................
1b
695,488
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
24,255,841
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
24,255,841
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
363,838
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,892,003
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,194,600
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,194,600
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
25,224
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
25,224
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,169,376
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,169,376
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,169,376
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,037,433
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,037,433
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,169,376
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,031,595
b Total for prior years:20 , 20, 20 0
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 ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,037,433
a Applied to 2023, but not more than line 2a 1,031,595
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..... 5,838
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		1,163,538
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICAN HEART ASSOCIATION

7272 GREENVILLE AVE
DALLAS,TX75231 		  PC CHARITABLE DISTRIBUTION IN SUPPORT OF IMPROVING HEALTH OF NORTH GEORGIA COMMUNITIES 333,333

CATOOSA COUNTY STOCKING FULL OF LOVE INC

800 LAFAYETTE STREET
RINGGOLD,GA30736 		  PC CHARITABLE DISTRIBUTION FOR ANNUAL EVENT 5,000

CHARLES H COOLIDGE MEDAL OF HONOR HERITAGE CENTER

PO BOX 11467
CHATTANOOGA,TN37402 		  PC CHARITABLE DISTRIBUTION FOR 2025 MEDAL OF HONOR CELEBRATION 100,000

CHATTANOOGA AREA FOOD BANK

2009 CURTAIN POLE ROAD
CHATTANOOGA,TN37406 		  PC CHARITABLE DISTRIBUTION 5,000

CHATTANOOGA OUTREACH INC DBA UNION GOSPEL MISSION

PO BOX 983
CHATTANOOGA,TN37401 		  PC CHARITABLE DISTRIBUTION FOR 75TH ANNIVERSARY CAMPAIGN 25,000

CHEROKEE REGIONAL LIBRARY SYSTEM

306 COVE RD
CHICKAMAUGA,GA30707 		  GOV CHARITABLE DISTRIBUTION FOR THE TUTORING PROGRAM 138,600

CHILDRENS ADVOCACY CENTER OF THE LOOKOUT MT JUDICIAL CIRCUIT

106 W FORREST RD
FORT OGLETHORPE,GA30742 		  PC CHARITABLE DISTRIBUTION FOR GENERAL PROGRAMMING NEEDS 25,000

COMMUNITY FOUNDATION OF NORTHWEST GEORGIA INC

PO BOX 942
DALTON,GA30722 		  PC CHARITABLE DISTRIBUTION FOR "SAVE THE DALTON BATTLEFIELDS" PROJECT 25,000

FRIENDS OF SPECIAL CHILDREN

PO BOX 5718
CHATTANOOGA,TN37406 		  PC CHARITABLE DISTRIBUTION, ABC EVENT FOR BENEFIT OF SIGNAL CENTERS, INC. 10,000

LIFT YOUTH CENTER INC

7197 NASHVILLE ST
RINGGOLD,GA30736 		  PC CHARITABLE DISTRIBUTION FOR RINGGOLD PROGRAMMING COSTS 50,000

LOOKOUT MOUNTAIN FELLOWSHIP OF CHRISTIAN ATHLETES

PO BOX 280
ROCK SPRING,GA30739 		  PC CHARITABLE DISTRIBUTION FOR BIBLES TO STUDENTS 10,500

MURPHY-HARPST CHILDREN'S CENTERS INC

740 FLETCHER STREET
CEDARTOWN,GA30125 		  PC CHARITABLE DISTRIBUTION FOR PROGRAMS TO SERVE AT-RISK CHILDREN 10,000

PARTNERSHIP FOR FAMILIES OF CHILDREN AND ADULTS INC

5600 BRAINERS RD E3
CHATTANOOGA,TN37411 		  PC CHARITABLE DISTRIBUTION FOR DEAF SERVICES DIVISION 10,000

RESTORE 634 INC

PO BOX 1112
LAFAYETTE,GA30728 		  PC CHARITABLE DISTRIBUTION FOR GENERAL PROGRAMMING NEEDS 25,000

SAMARITANS PURSE

PO BOX 3000
BOONE,NC28607 		  PC CHARITABLE DISTRIBUTION FOR HURRICANE HELENE DISASTER RELIEF 25,000

THE GENEROSITY TRUST (DBA NAME OF THE CHATTANOOGA CHRISTIAN COMMUNITY FOU

345 FRAZIER AVE UNIT 205
CHATTANOOGA,TN37405 		  PC CHARITABLE DISTRIBUTION FOR THE PIERCE FOUNDATION FUND A DONOR ADVISED FUND 85,000

UNIVERSITY OF CHATTANOOGA FOUNDATION INC

605 OAK ST
CHATTANOOGA,TN37403 		  PC CHARITABLE DISTRIBUTION TO BE USED FOR THE NORTHWEST GEORGIA STUDENTS SCHOLARSHIP 50,000

UNIVERSITY OF TENNESSEE FOUNDATION INC

1525 UNIVERSITY AVE
KNOXVILLE,TN37921 		  PC CHARITABLE DISTRIBUTION FOR BETSY PIERCE ENDOWED SCHOLARSHIP AT UTK SCHOOL OF MUSIC 75,000

WALKER COUNTY GEORGIA

105 S DUKE ST
LAFAYETTE,GA30728 		  GOV CHARITABLE DISTRIBUTION TO BE USED FOR AL MILLARD MEMORIAL STOCKING FULL OF LOVE PROGRAM SPONSORED BY SHERIFF'S OFFICE 5,000

WHITFIELD HEALTHCARE FOUNDATION INC

PO BOX 1168
DALTON,GA30722 		  PC CHARITABLE DISTRIBUTION FOR THE HAMILTON CARDIOVASCULAR INSTITUTE 25,000
Total .................................right arrow 3a 1,037,433
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 46,535  
4 Dividends and interest from securities ....     14 367,755  
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 1,783,069  
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 2,197,359 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,197,359
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
FRANK P PIERCE FOUNDATION INC
EIN:
20-0597131
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 32,210 32,210   0

TY 2024 GeneralExplanationAttachment
Name:
FRANK P PIERCE FOUNDATION INC
EIN:
20-0597131
Identifier Return Reference Explanation
YEAR-END INVESTMENT LISTING FORM 990-PF, PART II, LINE 13 MARKET VALUE CORPORATE BONDS$ 11,342 A T & T INC 27,953 ABBVIE INC. 29,089 ALTRIA GROUP, INC 27,800 AMAZON.COM, INC. 28,026 BANK OF AMERICA C VAR 27,396 BHP BILLITON FIN 28,994 BRISTOL-MYERS SQ 28,084 CATERPILLAR FINL 28,108 CISCO SYSTEMS, I 28,628 COMCAST CORP 28,130 ELI LILLY AND CO 28,552 ENBRIDGE INC. 27,062 ENTERPRISE PRODU 28,371 GENERAL MOTORS F 13,651 GOLDMAN SACHS GR 28,336 HONEYWELL INTERN 27,776 JOHN DEERE CAPITA 27,870 JPMORGAN CHASE & VAR 28,214 LOCKHEED MARTIN 30,048 LOWE'S COMPANIES, 27,633 MEDTRONIC GLOBA 28,092 MORGAN STANLEY VAR 28,044 NEXTERA ENERGY C 29,620 ORACLE CORP 30,544 RTX CORP 28,256 THERMO FISHER SCIEN 27,849 TOYOTA MOTOR CRE 28,342 UNITEDHEALTH GROU 28,076 WELLS FARGO & CO VAR$ 789,886 TOTAL CORPORATE BONDSMARKET VALUE EQUITIES$ 218,755 ABBOTT LABORATORIES 71,613 ABBVIE INCORPORATED 198,410 ACCENTURE PLC 216,703 ACCENTURE PLC IRELAND SHS CLASS A 12,451 ADOBE INCORPORATED 19,971 AFFILIATED MANAGERS GROUP INCORPORATED 33,645 AIR PRODUCTS & CHEMICALS INCORPORATED 12,090 AIRBNB INCORPORATED COM CLASS A 22,080 ALASKA AIR GROUP INCORPORATED 13,837 ALCON AG ORD SHS 34,369 ALLEGION PLC ORD SHS 327,678 ALPHABET INC 263,127 ALPHABET INCORPORATED CAP STK CLASS A 48,320 AMADEUS IT GROUP SA 169,808 AMAZON COM INC 258,661 AMAZON COM INCORPORATED 10,422 AMERICAN ELEC PWR COMPANY INCORPORATED 67,086 AMERIPRISE FINL INCORPORATED 28,842 AMETEK INCORPORATED 21,909 AON PLC SHS CL A 380,138 APPLE INC 131,220 APPLE INCORPORATED 35,779 APPLIED MATLS INCORPORATED 13,461 ARROW ELECTRS INCORPORATED 69,308 ASML HLDGS NV 18,713 ASML HOLDING N V N Y REGISTRY SHS 136,119 AUTOMATIC DATA PROCESSING INCORPORATED 105,666 AUTOZONE INCORPORATED 11,926 AVANTOR INCORPORATED 15,532 AVERY DENNISON CORPORATION 82,860 BALL CORPORATION 50,323 BANK AMERICA CORPORATION 18,995 BEACON ROOFING SUPPLY INCORPORATED 352,652 BERKSHIRE HATHAWAY 22,721 BLOCK H & R INCORPORATED 253,389 BOOKING HOLDINGS INCORPORATED 21,109 BOYD GAMING CORPORATION 216,075 BROADCOM INCORPORATED 7,432 BUILDERS FIRSTSOURCE INCORPORATED 10,582 BWX TECHNOLOGIES INCORPORATED 31,960 CARLYLE GROUP INCORPORATED 41,790 CENCORA INCORPORATED 30,048 CENTERPOINT ENERGY INCORPORATED 26,790 CF INDUSTRIES HLDGS INCORPORATED 42,008 CHECK POINT SOFTWARE TECH LIMITED ORD 42,728 CHEVRON CORPORATION NEW 21,864 CHORD ENERGY CORPORATION COM NEW 22,969 CHURCHILL DOWNS INCORPORATED 90,574 CIGNA CORP 11,248 CISCO SYSTEMS INCORPORATED 282,392 CME GROUP INCORPORATED 143,198 COCA COLA COMPANY 2,520 COCA COLA CONS INCORPORATED 15,900 COCA-COLA EUROPACIFIC PARTNERS SHS 12,227 COGNIZANT TECHNOLOGY SOLUTIONS CLASS A 181,365 COLGATE PALMOLIVE COMPANY 62,489 COLOPLAST AS SPONSERED ADS 17,955 COMMERCIAL METALS COMPANY 178,800 COMPASS GROUP PLC SPONSORED ADR NE 130,390 CONSTELLATION BRAND 27,657 CORNING INCORPORATED 44,897 COSTCO WHOLESALE CORPORATION NEW 759,938 CRYSTAL SPRINGS PRINTWORKS 26,260 CURTISS WRIGHT CORPORATION 24,329 D R HORTON INCORPORATED 46,599 DANAHER CORPORATION 9,708 DARDEN RESTAURANTS INCORPORATED 43,257 DASSAULT SYSTEMES SA ADR 118,012 DASSAULT SYSTEMES SPONSORED ADR 84,740 DEERE & COMPANY 39,527 DELL TECHNOLOGIES INCORPORATED CLASS C 71,320 DIAGEO PLC 30,800 DIAMONDBACK ENERGY INCORPORATED 15,937 DISCOVER FINL SVCS 22,887 DOVER CORPORATION 32,240 DTE ENERGY COMPANY 15,326 DUPONT DE NEMOURS INCORPORATED 18,003 EAST WEST BANCORP INCORPORATED 72,348 EATON CORPORATION PLC SHS 32,524 EBAY INCORPORATED. 170,432 ELEVANCE HEALTH INC 84,148 ELI LILLY & COMPANY 148,996 ELI LILLY & COMPANY 21,230 ENTERGY CORPORATION NEW 27,758 EQT CORPORATION 51,989 EQUIFAX INCORPORATED 222,007 ESSILOR LUXOTTICA UNSPONSORED ADR 37,421 EVERCORE INCORPORATED CLASS A 31,348 EXPEDITORS INTERNATIONAL WASH INCORPORATED 22,052 EXXON MOBIL CORPORATION 305,636 FACEBOOK INC 11,649 FASTENAL COMPANY 44,434 FERGUSON ENTERPRISES INCORPORATED COMMON STOCK NEW 18,900 FIDELITY NATL INFORMATION SVCS 45,409 FIFTH THIRD BANCORP 11,801 FIRST AMERN FINL CORPORATION 25,380 FIRSTENERGY CORPORATION 67,583 FISERV INCORPORATED 37,737 FLEX LIMITED ORD 23,250 FORTIVE CORPORATION 16,146 FREEPORT-MCMORAN INCORPORATED CLASS B 22,524 FRONTDOOR INCORPORATED 11,344 GARMIN LIMITED SHS 27,444 GENERAC HLDGS INCORPORATED 13,827 GENERAL DIGITAL INCORPORATED 13,965 GENERAL DYNAMICS CORPORATION 15,428 GENTEX CORPORATION 632,989 GQG PARTNERS EMERGING MARKETS EQUITYINST 26,351 GRAINGER W W INCORPORATED 115,548 HALEON ADR REP 2 ORD 12,181 HALLIBURTON COMPANY 11,238 HARLEY DAVIDSON INCORPORATED 114,682 HILTON WORLDWIDE HOLDINGS INC 49,402 HOME DEPOT INCORPORATED 54,466 HOWMET AEROSPACE INCORPORATED 16,021 HP INCORPORATED 16,237 HUMANA INCORPORATED 36,429 HUNTINGTON BANCSHARES INCORPORATED 15,938 ICON PLC SHS 24,088 ILLINOIS TOOL WKS INCORPORATED 117,060 ILLUMINA INCORPORATED 77,485 INTERCONTINENTAL EXCHANGE INCORPORATED 19,953 INTERDIGITAL INCORPORATED 69,135 INTUIT 131,012 INTUITIVE SURGICAL 24,010 INTUITIVE SURGICAL INCORPORATED COM NEW 14,574 ITT INCORPORATED 272,852 JACOBS SOLUTIONS INC 13,095 JACOBS SOLUTIONS INCORPORATED 203,914 JOHNSON & JOHNSON 30,949 JOHNSON & JOHNSON 44,107 JPMORGAN CHASE & COMPANY. 23,769 KEURIG DR PEPPER INCORPORATED 29,074 KEYSIGHT TECHNOLOGIES INCORPORATED 18,605 KINDER MORGAN INCORPORATED DEL 23,945 KLA CORPORATION COM NEW 85,066 KLA-TENCOR CORP 200,072 L OREAL COMPANY ADR 24,392 L3HARRIS TECHNOLOGIES INCORPORATED 131,097 LAM RESEARCH CORP 9,823 LAM RESEARCH CORPORATION COM NEW 20,985 LAMB WESTON HLDGS INCORPORATED 16,327 LANDSTAR SYSTEMS INCORPORATED 13,109 LEIDOS HOLDINGS INCORPORATED 8,046 LENNAR CORPORATION CLASS A 60,288 LINDE PLC SHS 32,558 LOCKHEED MARTIN CORPORATION 49,956 LPL FINL HLDGS INCORPORATED 93,705 LVMH MOET HENNESSY LOUIS VUITTON SE 10,024 MAPLEBEAR INCORPORATED 12,695 MARATHON PETE CORPORATION 29,346 MARKEL GROUP INCORPORATED 153,481 MARKETAXESS HLDGS INCORPORATED 41,004 MARRIOTT INTERNATIONAL INCORPORATED NEW CLASS A 117,675 MARSH & MCLENNAN COMPANIES INCORPORATED 27,794 MASCO CORPORATION 9,599 MASTERBRAND INCORPORATED COMMON STOCK 318,575 MASTERCARD INCORPORATED CLASS A 51,600 MCDONALDS CORPORATION 132,607 MERCK & CO INC 63,170 MERCK & COMPANY INCORPORATED 73,189 META PLATFORMS INCORPORATED CLASS A 13,018 MICROCHIP TECHNOLOGY INCORPORATED. 417,285 MICROSOFT CORP 434,145 MICROSOFT CORPORATION 23,575 MOLINA HEALTHCARE INCORPORATED 58,535 MONDELEZ INTERNATIONAL INCORPORATED CLASS A 14,507 MONSTER BEVERAGE CORPORATION NEW 8,873 MOSAIC COMPANY NEW

TY 2024 InvestmentsOtherSchedule2
Name:
FRANK P PIERCE FOUNDATION INC
EIN:
20-0597131
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARES REAL ESTATE (BLACKCREEK DIVERSIFIED PROPERTIES) AT COST 276,870 291,126
RAYMOND JAMES 52832210 AT COST 73,272 50,687
1,000 SHARES CRYSTAL SPRINGS PRINTWORKS AT COST 2,305,442 759,938
CHARLES SCHWAB 6219-7080 AT COST 3,023,589 3,277,519
CHARLES SCHWAB 9136-0533 AT COST 4,660,488 6,806,691
HIGHLANDS REIT INC. AT COST 9,826 8,735
RAYMOND JAMES 451C7756 AT COST 9,123,546 11,611,570
CHARLES SCHWAB 6560 AT COST 787,945 764,896

TY 2024 LegalFeesSchedule
Name:
FRANK P PIERCE FOUNDATION INC
EIN:
20-0597131
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 44,214 44,214   0


TY 2024 OtherDecreasesSchedule
Name:
FRANK P PIERCE FOUNDATION INC
EIN:
20-0597131
Description Amount
ACCRUAL TO CASH (EXCISE TAXES) 18,540


TY 2024 OtherExpensesSchedule
Name:
FRANK P PIERCE FOUNDATION INC
EIN:
20-0597131
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 963 963   0
INSURANCE 3,218 3,218   0


TY 2024 OtherProfessionalFeesSchedule
Name:
FRANK P PIERCE FOUNDATION INC
EIN:
20-0597131
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 241,027 241,027   0


TY 2024 TaxesSchedule
Name:
FRANK P PIERCE FOUNDATION INC
EIN:
20-0597131
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 7,795 7,795   0
REAL ESTATE TAXES 6,093 6,093   0
EXCISE TAXES 11,775 11,775   0