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
WESTLAKE HEALTH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)18 W 140 BUTTERFIELD RD 1660
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OAKBROOK TERRACE, IL60181
A Employer identification number

36-3104071
B Telephone number (see instructions)

(630) 495-3800
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$153,659,422J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,011,140 2,011,140  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,944,570
b Gross sales price for all assets on line 6a 88,509,345
7 Capital gain net income (from Part IV, line 2)... 14,944,570
8 Net short-term capital gain.........  
9 Income modifications........... 2,983,070
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........ 16,955,710 16,955,710 2,983,070
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 352,909 35,291   317,618
14 Other employee salaries and wages...... 244,720 24,472   220,248
15 Pension plans, employee benefits....... 39,477 3,958   35,529
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
31,058 3,106   27,952
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
35,390 28,312   7,078
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
771,397 768,741   2,656
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
185,727 2,957   26,615
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 130,731 13,073   117,658
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 686 69   617
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
70,848 5,527   65,321
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,862,943 885,506   821,292
25 Contributions, gifts, grants paid....... 5,254,096 6,005,276
26 Total expenses and disbursements. Add lines 24 and 25 7,117,039 885,506   6,826,568
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,838,671
b Net investment income (if negative, enter -0-) 16,070,204
c Adjusted net income (if negative, enter -0-)... 2,983,070
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 602,785 2,257,390 2,257,390
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 60,203,972 Click to see attachment
List of Attached Documents:
// Content
66,498,701 		66,498,701
c Investments—corporate bonds (attach schedule)....... 18,773,790 Click to see attachment
List of Attached Documents:
// Content
20,852,594 		20,852,594
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).......... 69,061,619 Click to see attachment
List of Attached Documents:
// Content
63,936,960 		63,936,960
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
219,367 		Click to see attachment
List of Attached Documents:
// Content
113,777 		Click to see attachment
List of Attached Documents:
// Content
113,777
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 148,861,533 153,659,422 153,659,422
Liabilities 17 Accounts payable and accrued expenses.......... 150,756 280,066
18 Grants payable................. 3,714,937 2,963,757
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) Click to see attachment
List of Attached Documents:
// Content
762,364 		Click to see attachment
List of Attached Documents:
// Content
568,339
23 Total liabilities (add lines 17 through 22)......... 4,628,057 3,812,162
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........... 144,233,476 149,847,260
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 144,233,476 149,847,260
30 Total liabilities and net assets/fund balances (see instructions). 148,861,533 153,659,422
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
144,233,476
2
Enter amount from Part I, line 27a .....................
2
9,838,671
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,983,070
4
Add lines 1, 2, and 3 ..........................
4
157,055,217
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
7,207,957
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
149,847,260
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 MIDWEST INSTITUTIONAL TRUST CO      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 88,509,345   73,564,775 14,944,570
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       14,944,570
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 14,944,570
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) 1 223,376
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........................... 3 223,376
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- ..... 5 223,376
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 60,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 223,376
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 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.WESTLAKEHF.COM
14
The books are in care ofright arrowMJ VANDENBROUCKE INC Telephone no.right arrow (630) 627-0577

Located atright arrow1S280 SUMMIT AVEOAKBROOK TERRACEIL ZIP+4right arrow60181
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
FRED TOMERA MD CHAIRMAN/CEO
40.00 		352,909 0 0
990 N LAKE SHORE DR 26E
CHICAGO,IL60611
LUCILLE CIBELLI TREASURER
2.00 		0 0 0
7227 FLAGG CREEK DR
INDIAN HEAD PARK,IL60525
RICHARD MONTALBANO SR SECRETARY
2.00 		0 0 0
206 WOOD GLEN LN
OAK BROOK,IL60523
DAVID R HEY DIRECTOR
2.00 		0 0 0
9 SHORTRIDGE TRAIL
GALENA,IL61036
JOHN MADDEN DIRECTOR
2.00 		0 0 0
716 S ASHLAND AVE
LAGRANGE,IL60525
LEONARD MULLER DIRECTOR
2.00 		0 0 0
1715 DICKINSON DR
WHEATON,IL60187
JAMES OLES DIRECTOR
2.00 		0 0 0
306 S GARFIELD
HINSDALE,IL60521
SANDRA SPILOTRO DIRECTOR
2.00 		0 0 0
9006 QUARRY DR
NAPLES,FL34120
RAUL VILLASUSO MD DIRECTOR
2.00 		0 0 0
263 LORRAINE CIRCLE
BLOOMINGDALE,IL60108
CASEY CALVELLO DIRECTOR
2.00 		0 0 0
1609 DARIEN CLUB DR
DARIEN,IL60521
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
ROSE WESOLEK EXECUTIVE VICE-PRESI
40.00 		244,720 0 0
18 W 140 BUTTERFIELD RD
OAKBROOK TERRACE,IL60181
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
CAPTRUST INVESTMENT COUNSELING 539,429
4208 SIX FORKS RD SUITE 1700
RALEIGH,NC27609
EAGLE CAPITAL MANAGEMENT INVESTMENT COUNSELING 172,130
499 PARK AVE
NEW YORK,NY10022
BPRE OLC HOLDINGS LLP RENT 129,357
300 PARK BLVD
ITASCA,IL60143
PINNACLE INVESTMENT COUNSELING 86,704
PO BOX 27780
NEW YORK,NY10087
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
149,667,687
b
Average of monthly cash balances.......................
1b
1,430,088
c
Fair market value of all other assets (see instructions)................
1c
221,345
d
Total (add lines 1a, b, and c).........................
1d
151,319,120
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
151,319,120
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,269,787
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
149,049,333
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,452,467
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
7,452,467
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
223,376
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
6,517
c
Add lines 2a and 2b............................
2c
229,893
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,222,574
4
Recoveries of amounts treated as qualifying distributions................
4
2,983,070
5
Add lines 3 and 4............................
5
10,205,644
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
10,205,644
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
6,826,568
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
6,826,568
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 10,205,644
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 5,859,313
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$ 6,826,568
a Applied to 2023, but not more than line 2a 5,859,313
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..... 967,255
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 .......... 		9,238,389
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 e-mail address of the person to whom applications should be addressed:
FRED TOMERA MD AND ROSE WESOLEK
18 W BUTTERFIELD RD 1660
OAKBROOK TERRACE,IL60181
(630) 495-6800
ROSE@WESTLAKEHF.COM
bThe form in which applications should be submitted and information and materials they should include:
A REQUEST FOR APPLICATION SHOULD BE SENT TO WESTLAKE HEALTH FOUNDATION AND SHOULD INCLUDE A STATEMENT OF PURPOSE OF APPROXIMATELY 50 WORDS OR LESS AND PROOF OF 501(C)(3) STATUS BY IRS.
cAny submission deadlines:
THE FOUNDATION RECEIVES AND APPROVES REQUESTS YEAR-ROUND.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
WESTLAKE HEALTH FOUNDATION WILL NOT CONSIDER APPLICATIONS FOR THE FOLLOWING: 1. INCOMPLETE APPLICATIONS OR APPLICATIONS WITHOUT AN ASSIGNED IDENTIFICATION NUMBER. 2. POLITICAL ORGANIZATIONS, CAMPAIGNS OR LOBBYING ACTIVITIES AND/OR ORGANIZATIONS DESIGNED PRIMARILY FOR LOBBYING AND ADVOCACY. 3. RELIGIOUS ORGANIZATIONS FOR DIRECT RELIGIOUS ACTIVITIES. 4. ENDOWMENT CAMPAIGNS. 5. FRATERNAL ORGANIZATIONS, SOCIETIES OR ORDERS. 6. BENEFIT FUNDRAISERS, RAFFLES, TICKETS, TESTIMONIAL OR RECOGNITION EVENTS. 7. TELEPHONE SOLICITATIONS. 8. PROJECTS THAT BENEFIT INDIVIDUALS.
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

ACCESS COMMUNITY HEALTH NETWORK

600 W FULTON 2ND FLOOR
CHICAGO,IL60661 		NONE PC MELROSE PARK FAMIL HEALTH CENTER 25,000

AGEOPTIONS

1048 LAKE ST STE 300
OAK PARK,IL60301 		NONE PC RESOURCES FOR OLDER ADUTLS 25,000

AGING CARE OPTIONS

111 W HARRIS AVE
LAGRANGE,IL60525 		NONE PC CARING TOGETHER, LIVING BETTER PROGRAM 25,000

ALZHEIMER'S ASSOCIATION

225 N MICHIGAN AVE FLOOR 17
CHICAGO,IL60601 		NONE PC GENERAL OPERATING SUPPORT 100,000

AMERICAN CANCER SOCIETY

225 N MICHIGAN AVE SUITE 1200
CHICAGO,IL60601 		NONE PC IMPROVING BREAST CANCER SCREENING RATE THRU COMMUNITY HEALTH NAVIGATORS 50,000

AMERICAN HEART ASSOICATION

300 S RIVERSIDE PLAZE SUITE 1200
CHICAGO,IL60606 		NONE PC INFANT NEXT GENERATION OF HEARTSAVERS 50,000

ASPIRE OF ILLINOIS

1815 S WOLF RD
HILLSIDE,IL60162 		NONE PC 2024 ORGANIZATIONAL PLAN 350,000

BEDS PLUS INC

9601 OGDEN AVE
LAGRANGE,IL60525 		NONE PC BEDS PLUS STABILIZATION SERVICES 200,000

BENEDICTINE UNIVERSITY

5700 COLLEGE RD
LISLE,IL60532 		NONE PC SUPPORT RESEARCH 100,000

CANDOR HEALTH EDUCATION

15 SPINNING WHEEL RD
HINSDALE,IL60521 		NONE PC HEALTH EDUCATION FOR PROVISO TOWNSHIP 45,000

CHICAGO METHODIST SENIOR SERVICES

1415 W FOREST AVE
CHICAGO,IL60640 		NONE PC SENIOR CENTER PROGRAM 75,000

COALITION FOR SPIRITUAL AND PUBLIC LEADERSHIP

329 W 18TH ST STE 715
CHICAGO,IL60616 		NONE PC GENERAL OPERATING SUPPORT 60,000

COMMUNITY SUPPORT SERVICES INC

9021 OGDEN AVE
BROOKFIELD,IL60052 		NONE PC RESPITE SERVICES PROGRAM 80,000

CONCORDIA UNIVERSITY CHICAGO

7400 AUGUSTA ST
RIVER FOREST,IL60305 		NONE PC NURSING SCHOLARSHIP PROGRAM 1ST OF 5 ANNUAL PAYMENTS 100,000

DOMINICAN UNIVERSITY

7900 W DIVISION ST
RIVER FOREST,IL60305 		NONE PC GENERAL OPERATING SUPPORT 400,000

GIGI'S PLAYHOUSE

3948 NORTH LINCOLN AVE
CHICAGO,IL60613 		NONE PC GIGIFIT FITNESS PILOT TO DELAY ALZHEIMER'S DISEASE 40,000

GIRL SCOUTS OF GREATER CHICAGO

20 S CLARK ST
CHICAGO,IL60603 		NONE PC GENERAL OPERATING SUPPORT 50,000

HELPING HAND CENTER

9649 W 55TH ST
COUNTRYSIDE,IL60525 		NONE PC THERAPY ACCESS FOR DISADVANTAAGED CHILDREN 130,000

HEPHZIBAH CHILDREN'S ASSOCIATION

1144 LAKE ST 5TH FLOOR
OAK PARK,IL60301 		NONE PC THERAPEUTIC SUPPORT & SERVICES FOR SEVERELY TRAUMATIZED CHILDREN 75,000

HOME CENTERED CARE INSTITUTE

1900 E GOLF RD
SCHAUMBURG,IL60173 		NONE PC GENERAL OPERATING SUPPORT 25,000

HOUSING FORWARD

1851 S 9TH AVE
MAYWOOD,IL60153 		NONE PC WRAPAROUND SERVICES PROGRAM 30,000

ILLINOIS PARTNERS FOR HUMAN SERVICES

33 W GRAND AVE SUITE 300
CHICAGO,IL60654 		NONE PC GENERAL OPERATING SUPPORT 25,000

IMERMAN ANGELS

205 W RANDOLPH ST 19TH FLOOR
CHICAGO,IL60606 		NONE PC GENERAL OPERATING SUPPORT 7,500

ISKALI

1409 S 5TH AVE
MAYWOOD,IL60153 		NONE PC GENERAL OPERATING SUPPORT 10,000

LEWIS UNIVERSITY

1 UNIVERSITY PKWY
ROMEOVILLE,IL60446 		NONE PC WESTLAKE NURSING SCHOLARS PROGRAM 50,000

LOYOLA UNIVERSITY CHICAGO

1032 W SHERIDAN RD
CHICAGO,IL60660 		NONE PC GENERAL OPERATING SUPPORT 117,432

MAYWOOD FINE ARTS ASSOCIATION

25 N FIFTH AVE
MAYWOOD,IL60153 		NONE PC FIT & FUN HEALTHY FAMILIES PROGRAM 460,000

METROPOLITAN FAMILY SERVICES

101 N WACKER DR
CHICAGO,IL60606 		NONE PC BEHAVIORAL HEALTH PEER SUPPORT FPR RESIDENTS OF PROVISO TOWNSHIP 5,000

NAMI METRO SUBURBAN

814 HARRISON ST
OAK PARK,IL60304 		NONE PC LIVING ROOMS & DROP IN CENTER 225,000

NATIONAL KIDNEY FOUNDATION OF ILLINOIS

215 W ILLINOIS ST SUITE 1C
CHICAGO,IL60654 		NONE PC TAKE CHARGE, VIVIENDO & FAMILY PATIENT EDUCATION PROGRAMS 20,000

NEW MOMS INC

5317 W CHICAGO AVE
CHICAGO,IL60651 		NONE PC FAMILY SUPPORT PROGRAM 30,000

NORTHWESTERN MEDICINE MARIANJOY REHAB HOSP

26W171 ROOSEVELT RD
WHEATON,IL60187 		NONE PC GENERAL OPERATING SUPPORT 80,000

OAK-LEYDEN DEVELOPMENT SERVICES INC

411 CHICAGO AVE
OAK PARK,IL60302 		NONE PC GENERAL OPERATING SUPPORT 50,000

OPPORTUNITY KNOCKS

8020 MADISON ST
RIVER FOREST,IL60305 		NONE PC WARRIOR WELLNESS PROGRAM 15,000

OUR LADY OF MT CARMEL PARISH

1101 N 23RD AVE
MELROSE PARK,IL60160 		NONE PC GENERAL OPERATING SUPPORT 50,000

PARKS FOUNDATION OF OAK PARK

218 MADISON ST
OAK PARK,IL60302 		NONE PC CRC AFTER SCHOOL PROGRAM 100,000

PCC COMMUNITY WELLNESS CENTER

14 LAKE ST
OAK PARK,IL60301 		NONE PC PCC MELROSE PARK CAPITAL PROJECT 150,000

PILLARS COMMUNITY HEALTH

23 CALENDAR AVE
LAGRANGE,IL60525 		NONE PC SERVICES FOR LOW-INCOME COMMUNITY MEMBERS 150,000

PRESENCE BEHAVIORAL HEALTH

1414 MAIN ST
MELROSE PARK,IL60160 		NONE PC LATINO MENTAL HEALTH CARE INITIATIVE 525,000

PROVISO PUBLIC PARTNERSHIP

2619 CONGRESS ST
BELLWOOD,IL60104 		NONE PC BILINGUAL SERVICE COORDINATION PROGRAM 15,000

QUINN CENTER OF SAINT EULALIA

1845 S FIFTH AVE
MAYWOOD,IL60153 		NONE PC GENERAL OPERATING SUPPORT 40,000

RONALD MCDONALD HOUSE CHARITIES

110 N CARPENTER ST
CHICAGO,IL60607 		NONE PC GENERAL OPERATING SUPPORT 50,000

RUSH OAK PARK HOSPITAL

520 S MAPLE AVE
OAK PARK,IL60304 		NONE PC 2022 MAMMOGRAPHY PROGRAM 3,114

SAINT ANN SCHOOL

2211 W 18TH PLACE
CHICAGO,IL60608 		NONE PC GENERAL OPERATING SUPPORT 50,000

SALUTE INC

PO BOX 2663
PALATINE,IL60078 		NONE PC GENERAL OPERATING SUPPORT 25,000

SARAH'S INN

309-311 HARRISON
OAK PARK,IL60304 		NONE PC TRAINING & EDUCATION PROGRAM / ADVOCACY & COUNSELING PROGRAM 30,000

SEASONS HOSPICE FOUNDATION

6400 SHAFER CT SUITE 700
ROSEMONT,IL60018 		NONE PC GENERAL OPERATING SUPPORT 60,000

SHERIDAN CARROLL CHARITABLE WORKS FUND

2015 N HARLEM AVE
CHICAGO,IL60707 		NONE PC GENERAL OPERATING SUPPORT 40,000

SISTER HOUSE

25 WASHINGTON BLVD
OAK PARK,IL60302 		NONE PC RECOVERY IS POSSIBLE 30,000

SUBURBAN PRIMARY HEALTH CARE COUNCIL

2225 ENTERPRISE DR
WESTCHESTER,IL60154 		NONE PC ACCESS TO CARE PROGRAM 750,000

THE CHILDREN'S CLINIC

28 MADISON ST
OAK PARK,IL60302 		NONE PC GENERAL OPERATING SUPPORT 50,000

THE FIREHOUSE DREAM

511 ST CHARLES AVE
MAYWOOD,IL60153 		NONE PC CREATIVE HEALING PROGRAM IN PROVISO 25,000

TRITON COLLEGE

2000 5TH AVE
RIVER GROVE,IL60171 		NONE PC GENERAL OPERATING SUPPORT 147,324

UCP SEGUIN OF GREATER CHICAGO

3100 S CENTRAL AVE
CICERO,IL60804 		NONE PC BUILDING BRIDGES TO THE FUTURE TRANSITION PROGRAM 200,000

WAY BACK INN INC

104 OAK ST
MAYWOOD,IL60153 		NONE PC GENERAL OPERATING SUPPORT 100,500

WELLNESS HOUSE

131 N COUNTY LINE RD
HINSDALE,IL60521 		NONE PC WELLNESS HOUSE GENERAL OPERATIONS 2024 75,000

WEST COOK COUNTY YOUTH CLUB

4000 SAINT PAUL AVE
BELLWOOD,IL60104 		NONE PC GENERAL OPERATING SUPPORT 50,000

WEST COOK YMCA

255 S MARION ST
OAK PARK,IL60302 		NONE PC GENERAL OPERATING SUPPORT 150,000

YMCA OF METRO CHICAGO

1030 W VAN BUREN ST
CHICAGO,IL60607 		NONE PC ELMHURST YMCA POWER UP! FAMILY HEALTH PROGRAM 25,000
Total .................................right arrow 3a 6,020,870
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 ........... 		         
4 Dividends and interest from securities ....     14 2,011,140  
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 14,944,570  
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 16,955,710 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
16,955,710
(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:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 35,390 28,312   7,078

TY 2024 GeneralExplanationAttachment
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Identifier Return Reference Explanation
AMENDED RETURN EXPLANATION FORM 990-PF, PART I, LINE 26(D) THE ORIGINAL RETURN INADVERTENTLY REPORTED QUALIFYING DISTRIBUTIONS FOR CHARITABLE PURPOSES INCORRECTLY. AS A RESULT, QUALIFYING DISTRIBUTIONS CHANGED TO $6,826,568.UNDISTRIBUTED INCOME FOR 2024 CHANGED TO $9,238,389.

TY 2024 InvestmentsCorpBondsSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 20,852,594 20,852,594

TY 2024 InvestmentsCorpStockSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 66,498,701 66,498,701

TY 2024 InvestmentsOtherSchedule2
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MONEY MARKET FUNDS FMV 3,639,273 3,639,273
PRIVATE EQUITY FMV 22,476,675 22,476,675
REAL ESTATE FMV 24,531,542 24,531,542
VENTURE CAPITAL FMV 9,377,693 9,377,693
GLOBAL EQUITY FMV 3,881,057 3,881,057
ACCRUED INCOME FMV 30,720 30,720

TY 2024 LegalFeesSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 31,058 3,106   27,952


TY 2024 OtherAssetsSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
FEDERAL EXCISE TAX REFUND 27,613    
OPERATING LEASE RIGHT-OF-USE ASSET 173,879 95,902 95,902
ART COLLECTION 17,875 17,875 17,875


TY 2024 OtherDecreasesSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Description Amount
CHANGE IN UNREALIZED GAINS & LOSSES 7,207,957


TY 2024 OtherExpensesSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 3,545 355   3,190
OFFICE EXPENSE 31,573 3,159   28,414
BOARD EXPENSE 20,130 2,013   18,117
HONORARIUM 15,600 0   15,600


TY 2024 OtherIncreasesSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Description Amount
RECOVERED GRANT FUNDS 2,983,070


TY 2024 OtherLiabilitiesSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Description Beginning of Year - Book Value End of Year - Book Value
OPERATING LEASE LIABILITY 179,283 100,309
DEFERRED EXCISE TAX PAYABLE 583,081 468,030


TY 2024 OtherProfessionalFeesSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 2,951 295   2,656
INVESTMENT MANAGEMENT FEES 768,446 768,446   0


TY 2024 TaxesSchedule
Name:
WESTLAKE HEALTH FOUNDATION
EIN:
36-3104071
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 29,572 2,957   26,615
FEDERAL EXCISE TAX 103,983 0   0
STATE AND FOREIGN TAX 52,172 0   0