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
W D KELLEY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)707 S ROCK STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GEORGETOWN, TX786265718
A Employer identification number

74-3007226
B Telephone number (see instructions)

(512) 930-5012
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$44,241,948J 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 201,885 199,385  
4 Dividends and interest from securities... 1,108,019 1,108,019  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 628,025
b Gross sales price for all assets on line 6a 7,268,865
7 Capital gain net income (from Part IV, line 2)... 628,025
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,012 3,012  
12 Total. Add lines 1 through 11........ 1,940,941 1,938,441  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 236,000 64,800   171,200
14 Other employee salaries and wages...... 40,000 12,000   28,000
15 Pension plans, employee benefits....... 30,302 9,091   21,211
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,360 5,508   12,852
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
66,299 45,556    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
495 148  
20 Occupancy.............. 14,752 4,426   10,327
21 Travel, conferences, and meetings....... 23,192     23,192
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
342,604 304,635   35,728
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 772,004 446,164   302,510
25 Contributions, gifts, grants paid....... 1,742,807 1,742,807
26 Total expenses and disbursements. Add lines 24 and 25 2,514,811 446,164   2,045,317
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -573,870
b Net investment income (if negative, enter -0-) 1,492,277
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............. 20,708 29,327 29,327
2 Savings and temporary cash investments......... 1,796,571 1,868,021 1,868,021
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.......... 9,141    
10a Investments—U.S. and state government obligations (attach schedule) 3,243,841 1,641,553 1,575,224
b Investments—corporate stock (attach schedule)....... 14,009,202 Click to see attachment
List of Attached Documents:
// Content
14,695,839 		18,306,955
c Investments—corporate bonds (attach schedule)....... 366,106 Click to see attachment
List of Attached Documents:
// Content
396,886 		382,199
11 Investments—land, buildings, and equipment: basis right arrow195,303
Less: accumulated depreciation (attach schedule) right arrow   195,303 Click to see attachment
List of Attached Documents:
// Content
195,303 		580,004
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 19,077,681 Click to see attachment
List of Attached Documents:
// Content
19,320,976 		21,499,232
14 Land, buildings, and equipment: basis right arrow20,738
Less: accumulated depreciation (attach schedule) right arrow19,752 1,481 Click to see attachment
List of Attached Documents:
// Content
986 		986
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,562 		   
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 38,725,596 38,148,891 44,241,948
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) Click to see attachment
List of Attached Documents:
// Content
12,125 		Click to see attachment
List of Attached Documents:
// Content
9,288
23 Total liabilities (add lines 17 through 22)......... 12,125 9,288
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 38,713,471 38,139,603
29 Total net assets or fund balances (see instructions)..... 38,713,471 38,139,603
30 Total liabilities and net assets/fund balances (see instructions). 38,725,596 38,148,891
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
38,713,471
2
Enter amount from Part I, line 27a .....................
2
-573,870
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2
4
Add lines 1, 2, and 3 ..........................
4
38,139,603
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
38,139,603
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 1172.579 SHARES DFGBX P 2023-09-28 2024-03-06
b 966.629 SHARES DFCEX P 2018-05-01 2024-01-10
c MERRILL LYNCH 02766 LT P    
d 9862.709 SHARES DFGBX P   2024-03-06
e 4414.092 SHARES DFUSX P   2024-01-10
MERRILL LYNCH 02764 ST P    
1901.426 SHARES DFLVX P   2024-11-12
86.354 SHARES DFUSX P 2024-06-27 2024-05-02
MERRILL LYNCH 02764 LT P    
46.546 SHARES DFREX P 2024-09-27 2024-11-12
1699.275 SHARES DFUSX P 2022-11-21 2024-05-02
MERRILL LYNCH 02763 ST P    
422.409 SHARES DFREX P   2024-11-12
6417.086 SHARES DFUSX P   2024-11-12
MERRILL L7YNCH 02763 LT P    
4790.477 SHARES DFSTX P   2024-11-12
MERRILL LYNCH 02765 LT P    
REAL ESTATE CONTRACT EXTENSION P 1998-01-31 2024-12-21
22.712 SHARES DFSVX P 2024-03-27 2024-05-02
MERRILL LYNCH 02771 ST P    
653.177 SHARES STARWOOD REAL ESTATE P 2023-01-03 2024-06-06
509.889 SHARES DFXVX P   2024-05-02
MERRILL LYNCH 02771 LT P    
674.099 SHARES STARWOOD REAL ESTATE P 2023-01-03 2024-07-05
2893.25 SHARES DFSVX P 2022-11-21 2024-11-12
MERRILL LYNCH 02770 ST P    
642.708 SHARES STARWOOD REAL ESTATE P 2023-01-03 2024-09-06
10.951 SHARES DFSCX P 2024-03-27 2024-05-02
MERRILL LYNCH 02770 LT P    
645.614 SHARES STARWOOD REAL ESTATE P 2023-01-03 2024-10-08
1322.954 SHARES DFSCX P   2004-05-02
MERRILL LYNCH 02768 ST P    
624.702 SHARES STARWOOD REAL ESTATE P 2023-01-03 2024-11-05
104.386 SHARES DFSCX P   2024-11-12
MERRILL LYNCH 02768 LT P    
622.313 SHARES STARWOOD REAL ESTATE P 2023-01-03 2024-12-03
3369.287 SHARES DFSCX P   2024-11-12
MERRIL LYNCH 02767 ST P    
2851.069 SHARES DISVX P   2024-11-10
MERRILL LYNCH 02767 LT P    
285.561 SHARES DFCEX P 2024-09-27 2024-11-12
MERRILL LYNCH 02766 ST 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 11,795   11,808 -13
b 23,158   22,466 692
c 105,613   102,987 2,626
d 99,205   106,837 -7,632
e 140,000   124,297 15,703
630,909   602,839 28,070
100,000   82,993 17,007
2,902   3,006 -104
103,845   97,508 6,337
1,985   2,050 -65
57,098   47,835 9,263
66,054   73,754 -7,700
18,015   16,797 1,218
255,000   181,006 73,994
728,064   642,844 85,220
250,000   200,828 49,172
49,978   32,629 17,349
49,000     49,000
1,023   1,060 -37
776,784   775,551 1,233
12,756   15,214 -2,458
22,976   21,992 984
360,838   370,715 -9,877
15,462   18,539 -3,077
150,000   124,764 25,236
98,133   95,068 3,065
14,511   17,676 -3,165
287   296 -9
1,504,588   1,532,291 -27,703
14,436   17,756 -3,320
34,713   32,849 1,864
205,211   221,464 -16,253
13,791   17,167 -3,376
3,245   2,674 571
620,069   398,742 221,327
13,680   17,115 -3,435
104,737   82,064 22,673
93,775   91,964 1,811
60,000   53,832 6,168
428,164   351,723 76,441
6,842   7,262 -420
16,932   20,578 -3,646
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       -13
b       692
c       2,626
d       -7,632
e       15,703
      28,070
      17,007
      -104
      6,337
      -65
      9,263
      -7,700
      1,218
      73,994
      85,220
      49,172
      17,349
      49,000
      -37
      1,233
      -2,458
      984
      -9,877
      -3,077
      25,236
      3,065
      -3,165
      -9
      -27,703
      -3,320
      1,864
      -16,253
      -3,376
      571
      221,327
      -3,435
      22,673
      1,811
      6,168
      76,441
      -420
      -3,646
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 2 628,025
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 6,503
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 20,743
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 20,743
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 20,743
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 15,500
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 27,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 6,757
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow6,757 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowTX
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 arrowHTTP://WDKELLEY.ORG
14
The books are in care ofright arrowCARL ILLIG Telephone no.right arrow (512) 930-5012

Located atright arrow707 S ROCK STREET707 S ROCK STREETGEORGETOWNTX ZIP+4right arrow78626
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)
 
No
(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
 
 
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
 
 
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
THOMAS BAIRD DIRECTOR
1.00 		0 0 0
401 N 3RD ST
401 N ERD ST
TEMPLE,TX76501
SANDRA ILLIG SECRETARY
0.50 		0 0 0
707 S ROCK STREET
707 S ROCK STREET
GEORGETOWN,TX78626
DALE ILLIG PRESIDENT
15.00 		66,000 0 0
707 S ROCK STREET
707 S ROCK STREET
GEORGETOWN,TX78626
CARL ILLIG EXECUTIVE DI
35.00 		150,000 0 0
707 S ROCK STREET
707 S ROCK STREET
GEORGETOWN,TX78626
CINDY POSEY DIRECTOR
000.00 		20,000 0 0
30314 BRIARCREST DR
GEORGETOWN,TX78628
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  
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 arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
43,268,280
b
Average of monthly cash balances.......................
1b
126,841
c
Fair market value of all other assets (see instructions)................
1c
585,064
d
Total (add lines 1a, b, and c).........................
1d
43,980,185
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
43,980,185
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
659,703
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
43,320,482
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,166,024
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,166,024
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
20,743
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
20,743
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,145,281
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,145,281
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,145,281
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
2,045,317
b
Program-related investments—total from Part VIII-B..................
1b
 
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
2,045,317
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 2,145,281
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 37,444
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,045,317
a Applied to 2023, but not more than line 2a 37,444
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 2,007,873
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		137,408
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
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:
CARL ILLIG
707 S ROCK ST
GEORGETOWN,TX78628
(512) 930-5012
CARL@WDKELLEY.ORG
bThe form in which applications should be submitted and information and materials they should include:
THE W.D. KELLEY FOUNDATION OPERATES WITH AN INVITATION ONLY GRANT PROCESS. A LETTER OF INTENT CAN BE SUBMITTED TO THE FOUDNATION. IF THE LETTER OF INTENT IS ACCEPTED BY THE FOUNDATION, THE GRANTEE ORGANIZATION WILL BE PROVIDED WITH AN ONLINE LINK TO SUBMIT A FORMAL GRANT APPLICATION. THE W.D. KELLEY FOUNDATION DOES NOT ACCEPT PAPER OR UNSOLICITED APPLICATIONS.
cAny submission deadlines:
NONE
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 ASSN OF UNIV WOMEN
AMERICAN ASSN OF UNIV WOMEN
1530 SUN CITY BLVD STE120
1530 SUN CITY BLVD STE120
GEORGETOWN,TX78633 		NONE PC SCHOLARSHIPS 8,000

ASSISTANCE LEAGUE GEORGETOWN AREA
ASSISTSTANCE LEAGUE GEORGETOWN AREA
900 N AUSTIN AVE STE 115
900 N AUSTIN AVE STE 115
GEORGETOWN,TX78626 		NONE PC OPERATIONS 90,000

AUSTIN CLASSICAL GUITAR
AUSTIN CLASSICAL GUITAR
PO BOX 4072
PO BOX 4072
AUSTIN,TX78765 		NONE PC OPERATIONS 40,000

AUSTIN COLLEGE
AUSTIN COLLEGE
900 N GRAND STE 61629
900 N GRAND STE 61629
SHERMAN,TX75090 		NONE PC OPERATIONS 60,000

BAYLOR SCOTT & WHITE FOUNDATION
BAYLOR SCOTT & WHITE FOUNDATION
2401 S 31ST ST
2401 S 31ST ST
TEMPLE,TX76508 		NONE PC OPERATIONS 200,000

BROOKWOOD IN GEORGETOWN
BROOKWOOK IN GEORGETOWN
905 N CHURCH ST
905 N CHURCH ST
GEORGETOWN,TX78626 		NONE PC OPERATIONS 120,997

CAPITAL AREA COUNCIL BOY SCOUTS
CAPITAL AREA COUNCIL BOY SCOTS
12500 N IH 35
1200 N IH 35
AUSTIN,TX78753 		NONE PC OPERATIONS 105,000

CASA OF WM COUNTY
CASA OF WM COUNTY
2100 SCENIC DR STE110
2100 SCENIC DR STE 110
GEORGETOWN,TX78626 		NONE PC OPERATIONS 87,097

CENTRAL TX COMMUNITIES FOUNDATION
CENTRIAL TX COMMUNITIES FOUNDATION
206 EAST MAIN ST
206 EAST MAIN ST
ROUND ROCK,TX78664 		NONE PC OPERATIONS 3,986

COMMUNITY MONTESSORI SCHOOL
COMMUNITY MONTESSORI SCHOOL
500 PLEASANT VALLEY DR
500 PLEASANT VALLEY DR
GEORGETOWN,TX78626 		NONE PC OPERATIONS 16,475

DEERPARK MIDDLE SCHOOL PTA
DEERPARK MIDDLE SCHOOL PTA
8849 ANDERSON MILL RD
8849 ANDERSON MILL RD
ROUND ROCK,TX78729 		NONE PC OPERATIONS 1,187

EARLY COLLEGE HIGH SCHOOL PTA
EARLY COLLEGE HIGH SCHOOL PTA
4400 COLLEGE PARK DR
4400 COLLEGE PARK DR
ROUND ROCK,TX78665 		NONE PC OPERATIONS 5,000

GEORGETOWN HEALTHCARE SYSTEM
GEORGETOWN HEALTHCARE STSTEM
2425 WILIAMS DR STE 101
2425 WILLIAMS DR STE 101
GEORGETOWN,TX78628 		NONE PC OPERATIONS 75,000

GEORGETOWN ISD EDUCATION FDN
GEORGETOWN ISD EDUCATION FDN
507 E UNIVERISTY AVE
507 E UNIVERITY AVE
GEORGETOWN,TX78626 		NONE PC OPERATIONS 61,569

GEORGETOWN PALACE THEATER
GEORGETOWN PALACE THEATER
810 S AUSTIN AVE
810 S AUSTIN AVE
GEORGETOWN,TX78626 		NONE PC OPERATIONS 3,000

GEORGETOWN SERTOMA CLUB
GEORGETOWN SERTOMA CLUB
PO BOX 853
PO BOX 853
GEORGETOWN,TX78627 		NONE PC FLAG PROGRAM 85

GEORGETOWN YOUNG LIFE
GEORGETOWN YOUNG LIFE
PO BOX 853
PO BOX 853
LEANDER,TX78641 		NONE PC OPERATIONS 20,000

HELPING HANDS OF GEORGETOWN
HELPING HANDS OF GEORGETOWN
415 FORT GRIFFIN TR
415 FORT GRIFFIN TR
GEORGETOWN,TX78633 		NONE PC OPERATIONS 5,000

HUTTO EDUCATION FOUNDATION
HUTTO EDUCATION FOUDNATION
200 COLLEGE ST
200 COLLEGE ST
HUTTO,TX78634 		NONE PC OPERATIONS 50,000

JARRELL ISD EDUCATION FOUNDATION
JARRELL ISD EDUCATION FOUDNATION
108 E AVENUE F
08 E AVENUE F
JARRELL,TX76537 		NONE PC OPERATIONS 5,000

LADDERS FOR LEADERS
LADDERS FOR LEADERS
PO BPX 1204
PO BOX 1204
ROUND ROCK,TX78660 		NONE PC OPERATIONS 50,000

LEANDER EDUC EXCELLENCE FDN
LEADNER EDUC EXCELLENCE FDN
PO BOX 356
PO BIOX 256
CEDAR PARK,TX78630 		NONE PC OPERATIONS 53,200

LIBERTY HILL EDUCATION FDN
LIBERTY HILL ISD EDUCTION FDN
PO BOX 527
PO BOX 527
LIBERTY HILL,TX78642 		NONE PC OPERATIONS 40,000

LIFELONG LEARNERS
LIFELONG LEARNERS
PO BOX 488
PO BOX 488
GEORGETOWN,TX78627 		NONE PC OPERATIONS 13,500

MERCY SHIPS
MERCY SHIPS
PO BOX 2020
PO BOX 2020
LINDALE,TX75771 		NONE PC OPERATIONS 10,000

PROJECT GRADUATION
PROJECT GRADUATION
1320 COLLABORATIVE WAY
1320 COLLABORATIVE WAY
LEANDER,TX78641 		NONE PC OPERATIONS 1,545

PROJECT TRANSFORMATION RIO TEXAS
PROJECT TRANSFORMATION RIO TEXAS
PO BOX 100876
PO BOX 100876
SAN ANTONIO,TX78006 		NONE PC OPERATIONS 15,000

RIDE ON CENTER FOR KIDS
RIDE ON CENTER FOR KIDS
2050 ROCKRIDE LANE
2050 ROCKRIDE LANE
GEORGETOWN,TX78626 		NONE PC OPEATIONS 13,627

ROUND ROCK ISD EDUCATION FDN
ROUND ROCK ISD EDUCATION FDN
595 ROUND ROCK W DR 404
595 ROUND ROCK W DR 404
ROUND ROCK,TX78681 		NONE PC OPERATIONS 91,964

SOLA BIBLE CHURCH
SOLA BIBLE CHURCH
12 S MAIN ST
12 S MAIN ST
TEMPLE,TX76508 		NONE PC OPERATIONS 7,100

SOUTHWESTERN UNVIERSITY
SOUTHWESTERN UNIVERSITY
PO BOX 770
PO BOX 770
GEORGETOWN,TX78627 		NONE PC OPERATIONS 50,000

SCT ROTARY FOUNDATION INC
SCT ROTARY FOUNDATION INC
1530 SUN CITY BLVD
1530 SUN CITY BLVD
GEORGETOWN,TX78633 		NONE PC OPERATIONS 5,000

TAYLOR EDUC ENRICHMENT FDN
TAYLOR EDUC ENRICHMENT FDN
3101 N MAIN ST
3101 N MAIN ST
TAYLOR,TX76574 		NONE PC OPERATIONS 63,000

TEMPLE COLLEGE FOUNDATION
TEMPLE COLLEGE FOUNDATION
2600 S 1ST ST
2600 S 1ST ST
TEMPLE,TX76504 		NONE PC OPERATIONS 142,600

TEXAS BACH FESTIVAL
TEXAS BACH FESTIVAL
PO BOX 27407
PO BOX 27407
AUSTIN,TX78755 		NONE PC OPERATIONS 8,700

THE LOCKER
THE LOCKER
2705 CEDAR HOLOW RD
2705 CEDAR HOLOW DR
GEORGETOWN,TX78628 		NONE PC OPERATIONS 10,000

WILLIAMSON COUNTY A&M FOUNDATION
WILLIAMSON COUNTY A&M FOUNDATIO
PO BOX 1164
PO BOX 1164
GEORGETOWN,TX78627 		NONE PC SCHOLARSHIPS 2,000

WM COUNTY CHILDREN'S ADVOCACY CTR
WM COUNTY CHILDREN'S ADVOCACY CTR
211 COMMERCE BLVD STE 101
211 COMMERCE BLVD STE 101
ROUND ROCK,TX78664 		NONE PC OPERATIONS 41,044

WM COUNTY FAIR ASSOCIATION INC
WM COUNTY FAIR ASSOCIATION INC
PO BOX 1275 T
PO BOX 1275 T
TAYLOR,TX76574 		NONE PC OPERATIONS 10,000

WM COUNTY GUITAR SOCIETY
WM COUNTY GUITAR SOCIETY
PO BOX 2684
PO BOX 2684
GEORGETOWN,TX78627 		NONE PC OPERATIONS 5,800

YMCA OF CENTRAL TX
YMCA OF CENTRAL TX
1812 N MAYS ST
18/12 N MAYS ST
ROUND ROCK,TX78664 		NONE PC CAPITAL CAMPAIGN 100,000

YMCA OF CENTRAL TX
YMCA OF CENTRAL TX
1812 N MAYS ST
181 N MAYS ST
ROUND ROCK,TX78664 		NONE PC OPERATIONS 11,331

ZION LUTHERAN SCHOOL
ZION LUTHERAN SCHOOL
6100 FM 1105
6100 FM 1105
GEORGETOWN,TX78626 		NONE PC OPERATIONS 40,000
Total .................................right arrow 3a 1,742,807
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 201,885  
4 Dividends and interest from securities ....     14 1,108,019  
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 .....     15 3,012  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 628,025  
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) ..   1,940,941  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,940,941
(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:
W D KELLEY FOUNDATION
EIN:
74-3007226
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ANNUAL ACCOUNTING 18,360 5,508   12,852

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

TY 2024 DepreciationSchedule
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
FILING CABINETS 2008-02-25 470 470 200DB 7.0000        
SERVER 2012-10-22 918 918 200DB 5.0000        
RICOH COPIER 2013-07-18 4,306 4,306 200DB 5.0000        
GRANT SOFTWARE 2018-05-02 11,000 11,000 S/L 3.0000        
EXECUTIVE CHAIR 2019-09-24 2,831 2,199 200DB 7.0000 253 76    
DALE IPAD 2022-03-29 757 265 S/L 5.0000 151 45    
MONITOR & EXT HARD DRIVE 2022-12-02 456 99 S/L 5.0000 91 27    

TY 2024 InvestmentsCorpBondsSchedule
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Name of Bond End of Year Book Value End of Year Fair Market Value
MERRILL LYNCH 396,886 382,199

TY 2024 InvestmentsCorpStockSchedule
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK HELD @ CHARLES SCHWA 188,529 258,710
MERRILL LYNCH 14,507,310 18,048,245

TY 2024 InvestmentsLandSchedule2
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
70% INTEREST NW BLVD 195,303   195,303 580,004

TY 2024 InvestmentsOtherSchedule2
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OIL & GAS ROYALTY INTEREST AT COST 3,842 3,842
INCEPTION EXPLORATION LTD AT COST 83,650 1,564
MERRILL LYNCH ALTERNATIVE INVESTMENT AT COST 3,215,157 3,100,297
MERRILL LYNCH MUTUAL FUNDS AT COST 5,145,001 5,921,756
CHARLES SCHWAB MUTUAL FUNDS AT COST 10,873,326 12,471,773

TY 2024 LandEtcSchedule2
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
GRANT SOFTWARE 11,000 11,000    
OFFICE EQUIPMENT 9,738 8,752 986 986


TY 2024 OtherAssetsSchedule
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS RECEIVABLE 5,496    
DUE FROM OTHERS 66    


TY 2024 OtherExpensesSchedule
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
BANK FEES 245 73   172
CHARITABLE DUES & SUBSCRIPTIO 13,625     13,625
INSURANCE 656 656    
INVESTMENT SUBSCRIPTIONS 1,104 1,104    
OTHER INVESTMENT EXPENSE 2,084 2,084    
INVESTMENT MAINTENANCE 2,655 2,655    
WEBSITE DESIGN 1,300     1,300
ALLOCABLE BUSINESS MEALS 863 259   604
CHARITABLE BUSINESS MEALS 1,379     1,379
HISTORICAL PRESERVATION 8,550     8,550
LEASE OPERATING EXPENSE 5,889 5,889    
OFFICE SUPPLIES & EXP 14,426 4,328   10,098
PORTFOLIO MANAGEMENT 287,587 287,587    
NON-DEDUCTCIBLE EXPENSE 2,241      


TY 2024 OtherIncomeSchedule2
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ENERGY PRO 3,012 3,012  


TY 2024 OtherIncreasesSchedule
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Description Amount
ROUNDING 2


TY 2024 OtherLiabilitiesSchedule
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL LIABILITIES 12,125  
EXCISE TAX PAYABLE   5,243
LEASE OPERATING EXPENSE PAYABLE   4,045


TY 2024 TaxesSchedule
Name:
W D KELLEY FOUNDATION
EIN:
74-3007226
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD 8,444 8,444    
PROPERTY TAX 37,112 37,112    
EXCISE TAX 20,743