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
BRUGGEN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)52160 FALL CREEK DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GRANGER, IN46530
A Employer identification number

47-2581672
B Telephone number (see instructions)

(574) 274-7738
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$101,984,790J 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) 3,213,836
2 Check right arrow.............
3 Interest on savings and temporary cash investments 315,761 315,761  
4 Dividends and interest from securities... 2,434,653 2,434,653  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,029,132
b Gross sales price for all assets on line 6a 16,320,187
7 Capital gain net income (from Part IV, line 2)... 2,029,132
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
247 247  
12 Total. Add lines 1 through 11........ 7,993,629 4,779,793  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,857 0   5,857
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,000 3,500   3,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
134,183 134,183   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
33,985 28,985   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,412 221   4,191
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
114,683 111,562   3,121
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 300,120 278,451   16,669
25 Contributions, gifts, grants paid....... 2,375,287 2,375,287
26 Total expenses and disbursements. Add lines 24 and 25 2,675,407 278,451   2,391,956
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,318,222
b Net investment income (if negative, enter -0-) 4,501,342
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.............      
2 Savings and temporary cash investments......... 6,797,230 4,632,767 4,632,767
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)....... 46,771,457 Click to see attachment
List of Attached Documents:
// Content
48,309,098 		59,024,488
c Investments—corporate bonds (attach schedule)....... 29,882,152 Click to see attachment
List of Attached Documents:
// Content
32,838,202 		33,119,313
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).......... 2,829,227 Click to see attachment
List of Attached Documents:
// Content
4,450,395 		5,208,222
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 86,280,066 90,230,462 101,984,790
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
7,670 		Click to see attachment
List of Attached Documents:
// Content
717
23 Total liabilities (add lines 17 through 22)......... 7,670 717
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 86,272,396 90,229,745
29 Total net assets or fund balances (see instructions)..... 86,272,396 90,229,745
30 Total liabilities and net assets/fund balances (see instructions). 86,280,066 90,230,462
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
86,272,396
2
Enter amount from Part I, line 27a .....................
2
5,318,222
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
91,590,618
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,360,873
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
90,229,745
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 PUBLICLY TRADED SECURITIES P    
b ALTERNATIVE INVESTMENTS P    
c CAPITAL GAINS DIVIDENDS P    
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 16,200,278   14,291,055 1,909,223
b 12,634     12,634
c 107,275     107,275
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       1,909,223
b       12,634
c       107,275
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 2,029,132
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 62,569
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 62,569
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 62,569
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 34,656
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 104,656
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 411
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 41,676
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow41,676 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIN
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 arrowN/A
14
The books are in care ofright arrowLOGAN CONNER Telephone no.right arrow (574) 274-7738

Located atright arrow4121 FERGUS STREETCINCINNATIOH ZIP+4right arrow45223
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
 
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
MICHAEL A JOINES CO-CHAIRPERSON
1.00 		0 0 0
52160 FALL CREEK DRIVE
GRANGER,IN46530
CONNIE V JOINES CO-CHAIRPERSON
1.00 		0 0 0
52160 FALL CREEK DRIVE
GRANGER,IN46530
BRIAN M JOINES SECRETARY
1.00 		0 0 0
17525 IRONGATE COURT
GRANGER,IN46530
JEFFERY A JOINES TREASURER
1.00 		0 0 0
17000 BARRYKNOLL WAY
GRANGER,IN46530
KELLY J CONNER VICE-CHAIRPERSON
1.00 		0 0 0
4121 FERGUS STREET
CINCINNATI,OH45223
ASHLEY M JOINES VICE-CHAIRPERSON
1.00 		0 0 0
17525 IRONGATE COURT
GRANGER,IN46530
EMILY K JOINES VICE-CHAIRPERSON
1.00 		0 0 0
17000 BARRYKNOLL WAY
GRANGER,IN46530
GRACE A JOINES VICE-CHAIRPERSON
1.00 		0 0 0
52160 FALL CREEK DRIVE
GRANGER,IN46530
LOGAN CONNER EXECUTIVE DIRECTOR
40.00 		0 0 0
4121 FERGUS STREET
CINCINNATI,OH45223
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
GOLDMAN SACHS INVESTMENT MANAGEMENT 134,182
71 S WACKER DR STE 500
CHICAGO,IL60606
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
90,680,262
b
Average of monthly cash balances.......................
1b
6,021,730
c
Fair market value of all other assets (see instructions)................
1c
981,919
d
Total (add lines 1a, b, and c).........................
1d
97,683,911
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
97,683,911
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,465,259
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
96,218,652
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,810,933
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
4,810,933
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
62,569
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
62,569
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,748,364
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,748,364
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
4,748,364
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
2,391,956
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
2,391,956
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 4,748,364
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 2,185,277
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$ 2,391,956
a Applied to 2023, but not more than line 2a 2,185,277
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..... 206,679
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 .......... 		4,541,685
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).)
MICHAEL A JOINES
CONNIE V JOINES
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ANDEAN HEALTH AND DEVELOPMENT

1100 DELAPLAIINE CT
MADISON,WI53715 		  PC MEDICAL 100,000

CATHOLIC CHARITIES OF SOUTHWEST OHIO

7162 READING ROAD STE 600
CINCINNATI,OH45237 		  PC CHARITABLE 250,000

CATHOLIC RELIEF SERVICES

228 W LEXINGTON ST
BALTIMORE,MD21201 		  PC CHARITABLE 317,455

CHANGING GEARS

2015 CENTRAL AVE
CINCINNATI,OH45214 		  PC CHARITABLE 30,000

CHURCHES ACTIVE IN NORTHSIDE - CAIN

4230 HAMILTON AVE
CINCINNATI,OH45223 		  PC RELIGIOUS 25,000

CLOVERNOOK CENTER FOR THE BLIND

7000 HAMILTON AVE
CINCINNATI,OH45231 		  PC CHARITABLE 36,500

COMBONI MISSIONARIES OF THE HEART OF JESUS

1318 NAGEL RD
CINCINNATI,OH45255 		  PC CHARITABLE 40,000

DISMAS HOUSE OF INDIANA INC

521 S ST JOSEPH ST
SOUTH BEND,IN46601 		  PC CHARITABLE 57,250

EDESIA INC

550 ROMANO VINEYARD WAY
NORTH KINGSTOWN,RI02852 		  PC CHARITABLE 100,000

HAPPEN INC

4201 HAMILTON AVE
CINCINNATI,OH45223 		  PC CHARITABLE 27,000

KENYA WORKS INC

PO BOX 1572
APPLETON,WI54912 		  PC CHARITABLE 170,147

LOVE WITHOUT BOUNDARIES

2009 ARAPAHO RD
EDMOND,OK73013 		  PC CHARITABLE 232,435

MAKE A WISH FOUNDATION

2545 FARMERS DRIVE
COLUMBUS,OH43235 		  PC CHARITABLE 100,000

NOTRE DAME UNIVERSITY

400 MAIN BUILDING
SOUTH BEND,IN46556 		  PC EDUCATIONAL 587,500

ONESKY

1832 2ND ST UNIT K
BERKELEY,CA94710 		  PC CHARITABLE 90,000

PEOPLE WORKING COOPERATIVELY

4612 PADDOCK RD
CINCINNATI,OH45229 		  PC CHARITABLE 40,000

STRATEGIES TO END HOMELESSNESS

2368 VICTORY PARKWAY STE 600
CINCINNATI,OH45206 		  PC CHARITABLE 160,000

VILLAGE TO VILLAGE INTERNATIONAL

1110 PORTAGE AVE
SOUTH BEND,IN46616 		  PC CHARITABLE 12,000
Total .................................right arrow 3a 2,375,287
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 315,761  
4 Dividends and interest from securities ....     14 2,434,653  
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 .....     01 203  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,029,132  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSUBPART F INCOME 		    14 3  
bSECTION 951A GILTI         41
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 4,779,752 41
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,779,793
(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.)
11A SECTION 951A GILTI EXCLUDED INCOME
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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
BRUGGEN FOUNDATION INC
 
Employer identification number

47-2581672
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
BRUGGEN FOUNDATION INC
  		Employer identification number
47-2581672
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
MICHAEL A AND CONNIE V JOINES
52160 FALL CREEK DRIVE
 
GRANGER, IN46530

$ 3,213,836


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
BRUGGEN FOUNDATION INC
  		Employer identification number

47-2581672
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 PUBLICLY TRADED SECURITIES $ 1,863,836 2024-07-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
BRUGGEN FOUNDATION INC
  		Employer identification number

47-2581672
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 7,000 3,500   3,500

TY 2024 InvestmentsCorpBondsSchedule
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Name of Bond End of Year Book Value End of Year Fair Market Value
GS HIGH YIELD FUND CLASS P 4,502,459 4,772,072
NEXTERA ENERGY CAPITAL HOLDINGS, INC. 2.25% 346,441 346,773
CHUBB INA HOLDINGS INC 1.375% 09/15/2030 USD SR LIEN 318,895 321,450
AMERICAN EXPRESS COMPANY HYBRID 07/27/2029 USD SR LIEN 302,484 305,370
STATE STREET CORP HYBRID 11/21/2029 USD SR LIEN 278,589 283,659
BANK OF NEW YORK MELLON CORPORATION (THE) HYBRID MTN 247,272 251,950
ROYAL BANK OF CANADA MTN 1.2% 04/27/2026 USD SR LIEN 258,710 256,390
BPCE MTN 3.375% 12/02/2026 USD SR LIEN 241,699 243,578
SUMITOMO MITSUI FINANCIAL GROUP, INC. 3.784% 229,804 230,612
ENTERPRISE PRODUCTS OPERATING LLC 3.125% 227,866 227,987
ING GROEP N.V. HYBRID 04/01/2027 USD SER VAR SR LIEN 199,792 210,533
CANADIAN IMPERIAL BANK OF COMMERCE 5.986% 202,201 207,382
MIZUHO FINANCIAL GROUP, INC. HYBRID 09/13/2030 USD 203,821 207,780
BANK OF AMERICA CORPORATION HYBRID MTN 02/07/2030 USD 193,588 205,168
CBOE GLOBAL MARKETS INC 1.625% 12/15/2030 USD SR LIEN 210,205 208,247
REALTY INCOME CORP 3.95% 08/15/2027 USD SR LIEN 199,544 202,500
INTERNATIONAL BUSINESS MACHINES CORPORATION 3.5% 203,928 201,875
BANCO SANTANDER SA 2.746% 05/28/2025 SR LIEN 198,456 198,084
THERMO FISHER SCIENTIFIC 5.0% 01/31/2029 USD SR LIEN 191,189 190,580
MCKESSON CORPORATION 1.3% 08/15/2026 USD SR LIEN 195,136 191,446
MERCK & CO., INC. 2.15% 12/10/2031 USD SR LIEN 186,673 187,434
BUNGE LTD FINANCE CORP 3.75% 09/25/2027 USD SR LIEN 186,759 184,035
NORFOLK SOUTHERN CORP 2.9% 06/15/2026 USD SR LIEN 182,817 183,627
ALEXANDRIA REAL ESTATE E 4.9% 12/15/2030 USD SR LIEN 179,909 179,183
JPMORGAN CHASE & CO. HYBRID 05/01/2028 USD SR LIEN 176,370 173,915
THE WILLIAMS COMPANIES, INC. 3.75% 06/15/2027 USD SR LIEN 171,576 173,529
NXP BV/NXP FDG/NXP USA 4.3% 06/18/2029 USD SR LIEN 172,901 170,875
HORMEL FOODS CORP 1.8% 06/11/2030 USD SR LIEN 171,633 169,918
PNC FINANCIAL SERVICES GROUP, INC., THE 2.55% 163,635 166,041
MORGAN STANLEY HYBRID MTN 01/23/2030 USD SR LIEN 163,311 163,556
EBAY INC 2.7% 03/11/2030 USD SR LIEN 162,981 165,103
DOW CHEMICAL COMPANY (THE) 2.1% 11/15/2030 USD SR LIEN 166,981 165,573
RELX CAPITAL INC 3.0% 05/22/2030 USD SR LIEN 165,653 165,300
CSX CORPORATION 3.25% 06/01/2027 USD SR LIEN 162,525 163,698
GILEAD SCIENCES, INC. 2.95% 03/01/2027 USD SR LIEN 161,186 162,357
EVERSOURCE ENERGY 5.95% 02/01/2029 USD SR LIEN 157,994 159,669
TOYOTA MOTOR CREDIT CORP MTN 1.15% 08/13/2027 USD SR LIEN 163,542 162,067
CIGNA CORPORATION 4.375% 10/15/2028 USD SR LIEN 163,420 160,715
AMGEN INC. 5.25% 03/02/2030 USD SR LIEN 157,076 157,485
SIMON PROPERTY GROUP INC 1.75% 02/01/2028 USD SR LIEN 154,796 158,345
CITIGROUP INC. HYBRID 01/10/2028 USD SR LIEN CPN 01/10/17 3.887% 151,900 150,972
CLOROX COMPANY (THE) 1.8% 05/15/2030 USD SR LIEN 152,772 153,119
AON CORP 2.8% 05/15/2030 USD SR LIEN 145,920 149,675
SERVICENOW, INC. 1.4% 09/01/2030 USD SR LIEN 138,286 145,432
HEWLETT PACKARD ENTERPRISE COMPANY STEP 10/15/2025 SER 141,251 143,990
MITSUBISHI UFJ FINANCIAL GROUP, INC. 3.961% 146,831 143,372
UDR INC MTN 3.2% 01/15/2030 USD SR LIEN 141,019 141,912
ENBRIDGE INC. 6.0% 11/15/2028 USD SR LIEN 140,564 142,882
GENERAL MILLS INC 2.25% 10/14/2031 USD SR LIEN 138,377 138,620
BANK OF NOVA SCOTIA 5.35% 12/07/2026 USD SR LIEN 133,859 135,734
THE SOUTHERN COMPANY 3.25% 07/01/2026 USD SR LIEN 136,187 133,236
BAXTER INTERNATIONAL INC 2.272% 12/01/2028 USD SR LIEN 128,199 130,684
MCCORMICK & CO 2.5% 04/15/2030 USD SR LIEN 128,269 128,232
ROPER TECHNOLOGIES INC 4.2% 09/15/2028 USD SR LIEN 129,102 125,921
SRS CCD 26745899 MTN 3.75% 06/01/2026 USD SR LIEN 124,605 125,034
HONDA MOTOR CO., LTD. 2.271% 03/10/2025 SR LIEN 125,610 125,413
TELEDYNE TECHNOLOGIES IN 2.25% 04/01/2028 USD SR LIEN 123,312 124,301
FOX CORPORATION 4.709% 01/25/2029 USD SER WI SR LIEN 122,503 121,573
XYLEM INC 1.95% 01/30/2028 USD SR LIEN 122,460 122,854
ARCHER-DANIELS-MIDLAND C 2.5% 08/11/2026 USD SR LIEN 124,264 122,748
T-MOBILE USA, INC. 3.75% 04/15/2027 USD SER WI SR LIEN 123,175 122,108
AMERISOURCEBERGEN CORP 3.45% 12/15/2027 USD SR LIEN 123,824 122,888
BECTON DICKINSON AND CO 3.7% 06/06/2027 USD SR LIEN 121,050 122,034
AUTOZONE INC 4.0% 04/15/2030 USD SR LIEN 120,118 120,860
CARDINAL HEALTH, INC. 3.41% 06/15/2027 USD SR LIEN 119,273 120,167
L3HARRIS TECHNOLOGIES, INC. 4.4% 06/15/2028 USD SER WI SR LIEN 118,273 118,857
AXA EQUITABLE HOLDINGS, INC. 4.35% 04/20/2028 USD SER WI SR LIEN 111,454 111,696
DUKE ENERGY CORP 3.4% 06/15/2029 USD SER 10YR SR LIEN 112,644 111,466
MARSH & MCLENNAN COS INC 3.5% 03/10/2025 SR LIEN 109,122 108,786
THE HERSHEY COMPANY 2.3% 08/15/2026 USD SR LIEN 109,423 108,272
MCDONALD'S CORPORATION MTN 3.5% 03/01/2027 USD SR LIEN 107,291 106,530
HUNTINGTON BANCSHARES INCORPORATED 4.0% 05/15/2025 SR LIEN 105,115 107,221
PHILIP MORRIS INTERNATIONAL INC. 1.5% 05/01/2025 SR LIEN 106,118 105,852
KLA-TENCOR CORP 4.1% 03/15/2029 USD SR LIEN 105,289 104,425
THE BANK OF NOVA SCOTIA 4.5% 12/16/2025 USD SUB LIEN 103,205 105,702
STARBUCKS CORP 3.5% 03/01/2028 USD SR LIEN 104,521 98,379
FEDEX CORPORATION 3.4% 02/15/2028 USD SR LIEN 103,093 98,808
BOEING COMPANY (THE) 2.196% 02/04/2026 USD SR LIEN 98,529 97,945
ROSS STORES INC 0.875% 04/15/2026 USD SR LIEN 106,637 98,237
WELLS FARGO & COMPANY HYBRID MTN 02/11/2026 USD SR LIEN 95,087 96,667
ORACLE CORPORATION 3.25% 11/15/2027 USD SR LIEN 99,277 96,595
TRANSCANADA PIPELINES LIMITED 4.25% 05/15/2028 USD 98,723 95,665
OTIS WORLDWIDE CORPORATION 2.293% 04/05/2027 USD 95,909 96,217
NETFLIX, INC. 5.875% 11/15/2028 USD SR LIEN 94,623 96,105
BIOGEN INC. 4.05% 09/15/2025 USD SR LIEN 94,069 92,473
CHEVRON USA INC 3.85% 01/15/2028 USD SR LIEN 92,803 93,476
MORGAN STANLEY HYBRID MTN 07/20/2027 USD SR LIEN 92,634 92,824
OMNICOM GROUP INC. 3.6% 04/15/2026 USD SR LIEN 92,548 92,388
KELLOGG CO 3.25% 04/01/2026 USD SR LIEN 90,155 89,223
ALTRIA GROUP, INC. 4.4% 02/14/2026 USD SR LIEN 89,550 87,568
CARRIER GLOBAL CORPORATION 2.722% 02/15/2030 USD SER WI SR LIEN 90,352 88,821
SABINE PASS LIQUEFACTION, LLC 4.2% 03/15/2028 USD SER WI SR LIEN 87,042 88,061
AMERICAN TOWER CORPORATION 3.6% 01/15/2028 USD SR LIEN 88,689 88,050
NASDAQ INC 3.85% 06/30/2026 USD SR LIEN 89,865 87,929
KINDER MORGAN INC 4.3% 03/01/2028 USD SR LIEN 91,458 87,664
DIGITAL REALTY TRUST, INC. 4.45% 07/15/2028 USD SR LIEN 91,218 87,291
CROWN CASTLE INTL CORP 2.9% 03/15/2027 USD SR LIEN 85,098 86,401
MID-AMERICA APARTMENTS 3.95% 03/15/2029 USD SR LIEN 85,089 85,841
FISERV, INC. 4.2% 10/01/2028 USD SR LIEN 90,598 84,602
DOLLAR GENERAL CORPORATION 4.125% 05/01/2028 USD SR LIEN 89,128 84,579
DOMINION ENERGY INC 4.25% 06/01/2028 USD SR LIEN 89,833 84,708
CANADIAN NATURAL RESOURCES LIMITED 3.85% 06/01/2027 USD SR LIEN 85,859 84,457
SABINE PASS LIQUEFACTION, LLC 5.875% 06/30/2026 USD SER WI SR LIEN 85,706 83,803
KEURIG DR PEPPER INC. 5.2% 03/15/2031 USD SER 10 SR LIEN 80,799 83,190
BANK OF AMERICA CORPORATION HYBRID MTN 02/13/2026 77,406 81,727
ZIMMER HOLDINGS INC 3.55% 04/01/2025 SR LIEN 78,114 78,457
GENERAL MOTORS FINANCIAL COMPANY, INC. 4.3% 07/13/2025 USD SR LIEN 76,761 77,294
JPMORGAN CHASE & CO. HYBRID 09/22/2027 USD SER 80,819 76,930
FIDELITY NATIONAL INFORMATION SERVICES, INC. 1.15% 81,222 76,069
CANADIAN IMPERIAL BANK 1.25% 06/22/2026 USD SR LIEN 80,648 75,195
JPMORGAN CHASE & CO. HYBRID 03/13/2026 USD SR LIEN CPN 76,552 75,000
ENTERGY CORP 0.9% 09/15/2025 USD SR LIEN 77,742 74,096
ENABLE MIDSTREAM PARTNERS, LP 4.15% 09/15/2029 USD SR LIEN 71,732 72,965
ROYALTY PHARMA PLC 1.2% 09/02/2025 USD SER WI SR LIEN 76,894 72,440
BERRY GLOBAL INC 1.57% 01/15/2026 USD SR LIEN 71,668 70,447
U.S. BANCORP MTN 1.375% 07/22/2030 USD SR LIEN 64,638 70,184
ROYAL BANK OF CANADA MTN 4.65% 01/27/2026 USD SUB LIEN 64,849 69,270
COMERICA INC 4.0% 02/01/2029 USD SR LIEN 70,155 68,660
WELLS FARGO & COMPANY HYBRID MTN 04/25/2026 USD SR LIEN CPN 68,324 68,268
CVS HEALTH CORPORATION 3.25% 08/15/2029 USD SR LIEN 66,915 65,517
MORGAN STANLEY HYBRID MTN 02/18/2026 USD SR LIEN CPN 02/18/22 2.63% 66,071 65,429
DELL INT LLC / EMC CORP 4.9% 10/01/2026 USD SR LIEN 61,609 62,941
SKYWORKS SOLUTIONS, INC. 1.8% 06/01/2026 USD SR LIEN 66,095 62,352
SYSCO CORPORATION 3.3% 07/15/2026 USD SR LIEN 62,510 61,661
TRUIST FINANCIAL CORPORATION HYBRID MTN 03/02/2027 USD SR LIEN 63,227 60,669
BANK OF NY MELLON CORP MTN 3.0% 10/30/2028 USD SUB LIEN 61,220 58,328
AMERICAN TOWER CORP 2.9% 01/15/2030 USD SR LIEN 57,841 57,610
MITSUBISHI UFJ FINANCIAL GROUP, INC. 3.777% 03/02/2025 SR LIEN 53,917 57,592
BROADCOM INC. 4.75% 04/15/2029 USD SER WI SR LIEN 56,256 57,274
SYNCHRONY FINANCIAL 3.95% 12/01/2027 USD SR LIEN 58,240 57,250
CAPITAL ONE FINANCIAL CORPORATION 3.75% 07/28/2026 USD SUB LIEN 58,212 56,849
BANK OF NY MELLON CORP HYBRID 02/01/2029 USD SR LIEN 53,918 56,656
VERIZON COMMUNICATIONS, INC. 3.0% 03/22/2027 USD SR LIEN 59,032 56,020
AMERICAN ELECTRIC POWER 3.2% 11/13/2027 USD SR LIEN 59,438 55,832
CONSTELLATION BRANDS, INC. 2.875% 05/01/2030 USD SR LIEN 56,616 54,862
DTE ENERGY COMPANY 2.85% 10/01/2026 USD SR LIEN 56,466 54,631
PHILIP MORRIS INTERNATIONAL INC. 2.75% 02/25/2026 USD SR LIEN 55,967 54,358
AIR LEASE CORPORATION 3.25% 03/01/2025 SR LIEN 52,086 52,404
BB&T CORPORATION MTN 3.875% 03/19/2029 USD SUB LIEN 53,384 52,166
WELLS FARGO & COMPANY HYBRID MTN 05/22/2028 USD SR LIEN 53,350 51,546
BAT CAPITAL CORP 3.215% 09/06/2026 USD SR LIEN 52,556 50,685
HUMANA INC 3.95% 03/15/2027 USD SR LIEN 51,684 49,040
MARATHON PETROLEUM CORP 4.7% 05/01/2025 SR LIEN 49,437 49,321
AT&T INC 4.25% 03/01/2027 USD SR LIEN 51,046 49,235
MPLX LP 4.0% 03/15/2028 USD SR LIEN 51,902 49,109
SUNTRUST BANKS INC 4.0% 05/01/2025 SR LIEN 48,186 47,886
GENERAL MOTORS CO 5.0% 10/01/2028 USD SR LIEN 50,581 47,397
CVS HEALTH CORPORATION 4.3% 03/25/2028 USD SR LIEN 46,298 45,136
CAPITAL ONE FINANCIAL CO 3.65% 05/11/2027 USD SR LIEN 45,213 44,037
REGIONS FINANCIAL CORP 1.8% 08/12/2028 USD SR LIEN 47,736 44,016
SIMON PROPERTY GROUP, L.P. 3.5% 09/01/2025 USD SR LIEN 42,117 42,192
DTE ENERGY COMPANY 1.05% 06/01/2025 SER F SR LIEN 41,853 41,352
FIFTH THIRD BANCORP 3.95% 03/14/2028 USD SR LIEN 41,737 40,185
REYNOLDS AMERICAN INC 4.45% 06/12/2025 SR LIEN 40,125 39,990
AT&T INC. 2.3% 06/01/2027 USD SER * SR LIEN 41,206 39,635
SYNCHRONY FINANCIAL 4.5% 07/23/2025 USD SR LIEN 37,432 36,852
CROWN CASTLE INTERNATIONAL CORP. 4.45% 02/15/2026 USD SR LIEN 37,887 37,477
BROADCOM INC. 4.11% 09/15/2028 USD SER WI SR LIEN 38,748 36,593
TOTAL SYSTEM SERVICES IN 4.8% 04/01/2026 USD SR LIEN 37,078 36,316
EMERA US FINANCE LP 3.55% 06/15/2026 USD SER WI SR LIEN 37,118 36,306
INGREDION INC 3.2% 10/01/2026 USD SR LIEN 37,069 36,256
CONSTELLATION BRANDS INC 3.6% 02/15/2028 USD SR LIEN 34,172 32,155
DISCOVER FINANCIAL SVS 3.75% 03/04/2025 SR LIEN 25,076 25,251
KEURIG DR PEPPER INC. 4.417% 05/25/2025 SR LIEN 21,117 21,050
FIDELITY NATIONAL INFORMATION SERVICES, INC. 1.65% 20,834 19,114
PUBLIC STORAGE 1.85% 05/01/2028 USD SR LIEN 18,883 17,386
EASTMAN CHEMICAL COMPANY 3.8% 03/15/2025 SR LIEN 7,012 7,061
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 3.2% 3,946 3,944
CANADIAN IMPERIAL BANK OF COMMERCE 2.25% 01/28/2025 SR LIEN 305,341 305,409
AERCAP IRELAND CAPITAL DESIGNATED ACTIVITY COMPANY 2.45% 306,749 306,323
THE J. M. SMUCKER COMPANY 3.5% 03/15/2025 SER WI SR LIEN 299,747 303,187
AUTONATION INC 4.5% 10/01/2025 USD SR LIEN 300,375 303,164
AMERICAN TOWER CORPORATION 4.0% 06/01/2025 SR LIEN 300,537 301,548
CREDIT SUISSE NEW YORK 7.95% 01/09/2025 SR LIEN 270,542 285,599
BUNGE LIMITED FINANCE CORP. 1.63% 08/17/2025 USD SR LIEN 279,628 281,251
NORTHROP GRUMMAN CORPORATION 2.93% 01/15/2025 SR LIEN 273,874 273,418
NXP BV/NXP FDG/NXP USA 2.7% 05/01/2025 SER WI SR LIEN 271,459 273,305
AMGEN INC. 1.9% 02/21/2025 SR LIEN 262,280 260,692
T-MOBILE USA, INC. 3.5% 04/15/2025 SER WI SR LIEN 249,845 251,690
CVS HEALTH CORPORATION 3.875% 07/20/2025 USD SR LIEN 227,864 232,417
CIGNA GROUP (THE) 5.685% 03/15/2026 USD SR LIEN 212,138 215,597
MITSUBISHI UFJ FINANCIAL GROUP, INC. 3.777% 03/02/2025 SR LIEN 212,938 214,202
BANK OF MONTREAL HYBRID MTN 01/22/2027 USD SR LIEN 203,198 205,418
CITIGROUP INC. HYBRID 01/28/2027 USD SR LIEN CPN 01/28/21 1.122% 201,636 203,556
ING GROEP N.V. HYBRID 03/28/2026 USD SR LIEN CPN 03/28/22 3.869% 194,840 201,491
BARCLAYS PLC HYBRID 05/07/2026 USD SR LIEN CPN 05/07/20 2.852% 192,912 201,297
MORGAN STANLEY HYBRID 05/04/2027 USD SR LIEN CPN 04/22/21 1.593% 200,157 200,803
BANK OF AMERICA CORPORATION HYBRID MTN 10/24/2026 198,689 200,534
AIR LEASE CORPORATION 3.25% 03/01/2025 SR LIEN 204,158 199,539
BANCO SANTANDER SA 2.746% 05/28/2025 SR LIEN 197,540 198,609
MIZUHO FINANCIAL GROUP, INC. HYBRID 05/25/2026 USD SR LIEN 192,886 198,219
CMS ENERGY CORPORATION 3.0% 05/15/2026 USD SR LIEN 197,387 197,942
DEUTSCHE BANK AG-NEW YORK BRANCH HYBRID 11/24/2026 196,767 197,305
JPMORGAN CHASE & CO. HYBRID 04/26/2026 USD SR LIEN 187,530 191,899
NORTHEAST UTILITIES 3.15% 01/15/2025 SER H SR LIEN 190,394 190,531
ENERGY TRANSFER OPERATNG 2.9% 05/15/2025 SR LIEN 174,743 175,220
ALEXANDRIA REAL ESTATE EQUITIES, INC. 3.45% 04/30/2025 SR LIEN 153,545 153,113
OTIS WORLDWIDE CORPORATION 2.056% 04/05/2025 SER WI SR LIEN 151,937 152,537
ORACLE CORPORATION 2.5% 04/01/2025 SR LIEN 150,831 151,126
ALEXANDRIA REAL ESTATE EQUITIES, INC. 4.3% 01/15/2026 USD SR LIEN 148,448 151,144
PHILLIPS 66 CO 3.605% 02/15/2025 SR LIEN 149,935 147,679
BAXALTA INCORPORATED 4.0% 06/23/2025 SER WI SR LIEN 129,865 130,650
HP INC. 2.2% 06/17/2025 SR LIEN 128,287 128,508
AMERICAN EXPRESS CO HYBRID 10/30/2026 USD SR LIEN 118,770 120,729
GENERAL MOTORS FINL CO 4.0% 01/15/2025 SR LIEN 118,192 118,086
EVERSOURCE ENERGY 0.8% 08/15/2025 USD SER Q SR LIEN 116,532 117,279
JPMORGAN CHASE & CO. HYBRID 11/19/2026 USD SR LIEN 111,868 112,398
TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC 7.85% 107,358 111,071
AMERISOURCEBERGEN CORP 3.25% 03/01/2025 SR LIEN 109,146 108,809
CITIGROUP INC HYBRID 09/29/2026 USD SR LIEN 103,007 105,030
MORGAN STANLEY HYBRID MTN 07/17/2026 USD SR LIEN 100,526 103,026
GENERAL MOTORS FINANCIAL COMPANY, INC. 2.9% 02/26/2025 SR LIEN 104,696 101,650
DISCOVER FINANCIAL SVS 3.75% 03/04/2025 SR LIEN 102,150 99,993
REYNOLDS AMERICAN INC 4.45% 06/12/2025 SR LIEN 99,911 99,975
U.S. BANCORP HYBRID 10/21/2026 USD SR LIEN CPN 10/21/22 5.727% 98,185 99,740
ANTHEM, INC. 2.375% 01/15/2025 SR LIEN 96,652 95,940
CIGNA CORPORATION 3.25% 04/15/2025 SER WI SR LIEN 91,996 92,171
CANADIAN NATL RESOURCES 2.05% 07/15/2025 USD SR LIEN 86,069 86,501
TRUIST FINANCIAL CORPORATION HYBRID MTN 10/28/2026 81,519 82,455
MPLX LP 1.75% 03/01/2026 USD SR LIEN 80,307 80,597
GENERAL MOTORS FINANCIAL COMPANY, INC. 2.75% 06/20/2025 SR LIEN 78,405 78,304
BOSTON SCIENTIFIC CORP 1.9% 06/01/2025 SR LIEN 78,440 78,206
MPLX LP 4.0% 02/15/2025 SR LIEN SRS 20423806 77,742 78,057
ROYALTY PHARMA PLC 1.2% 09/02/2025 USD SER WI SR LIEN 77,629 76,356
VOYA FINANCIAL, INC. 3.65% 06/15/2026 USD SR LIEN 75,639 75,825
BANK OF AMERICA CORPORATION HYBRID MTN 06/19/2026 65,719 65,919
CROWN CASTLE INTL CORP 1.35% 07/15/2025 USD SR LIEN 62,964 63,182
EXELON CORPORATION 3.95% 06/15/2025 SER WI SR LIEN 57,810 57,845
BERRY GLOBAL INC 1.65% 01/15/2027 USD SER WI SR LIEN 57,470 57,586
MONDELEZ INTERNATIONAL 1.5% 05/04/2025 SR LIEN 52,904 52,528
DTE ENERGY COMPANY 1.05% 06/01/2025 SER F SR LIEN 51,808 51,231
ALTRIA GROUP, INC. 2.35% 05/06/2025 SR LIEN 34,477 32,825
SABINE PASS LIQUEFACTION, LLC 5.625% 03/01/2025 SER WI SR LIEN 19,993 20,755

TY 2024 InvestmentsCorpStockSchedule
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Name of Stock End of Year Book Value End of Year Fair Market Value
ENEL SOCIETA PER AZIONI ADR CMN 59,486 76,202
ALLIANZ SE ADR CMN 52,398 75,587
SONY GROUP CORPORATION SPONSORED ADR CMN 58,348 75,330
UNITED OVERSEAS BK LTD SPONSORED ADR CMN 54,644 74,943
BANCO SANTANDER, S.A. SPON ADR 47,180 72,034
GSK PLC ADR CMN 77,455 70,938
IMPERIAL BRANDS PLC SPONSORED ADR CMN 45,192 68,246
LLOYDS BANKING GROUP PLC SPONSORED ADR CMN 60,966 68,223
SNAM S.P.A ADR CMN 78,555 65,894
FUJITSU LTD ADR (5 COM) ADR CMN 52,679 65,639
KONINKLIJKE PHILIPS N.V. ADR CMN 36,350 61,654
SSE PLC SPONSORED ADR CMN 59,810 61,624
DEUTSCHE POST AG SPONSORED ADR CMN 74,550 61,354
SHELL PLC SPONSORED ADR CMN 44,990 58,077
SANOFI SPONSORED ADR CMN 57,159 57,876
HITACHI LTD (ADR 10 COM) ADR CMN 22,065 55,939
MITSUBISHI ELECTRIC CORP (ADR) ADR CMN 36,874 55,033
FUJIFILM HOLDINGS CORPORATION ADR CMN 45,600 54,728
BP P.L.C. SPONSORED ADR CMN 49,908 50,045
TOYOTA INDUSTRIES CORPORATION UNSPONSPORED ADR CMN 33,290 48,227
WPP PLC ADR CMN 50,487 46,723
KDDI CORPORATION UNSPONSORED ADR CMN 47,438 45,986
BOUYGUES UNSPONSORED ADR CMN 50,021 45,339
CK HUTCHISON HLDGS LTD ADR CMN 54,170 42,289
HONDA MTR LTD (AMER SHS) ADR CMN 39,101 42,283
WH GROUP LIMITED SPONSORED ADR CMN 34,434 41,722
BRITISH AMERICAN TOBACCO PLC SPONS ADR 41,749 41,574
VINCI SA ADR CMN 46,918 40,914
KAO CORPORATION ADR CMN 34,042 37,515
SECOM LTD (ADR) ADR CMN 36,609 37,023
KONINKLIJKE AHOLD N.V. SPONSORED ADR CMN 35,722 36,990
KERING ADR CMN 56,809 34,925
SINGAPORE TELECOMMUNICATIONS LIMITED SPONSORED ADR CMN 27,863 34,133
NOVARTIS AG-ADR SPONSORED ADR CMN 24,944 33,475
NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) 31,021 27,615
CONTINENTAL AKTIENGESELLSCHAFT ADR 31,580 26,486
MONDI PLC ADR CMN 36,916 24,898
ROCHE HOLDING AG ADR B SHS(NOM CHF 100) VAL 224.184 20,332 20,684
TESCO PLC SPONSORED ADR CMN 9,829 15,352
UPM-KYMMENE OYJ ADR CMN 9,325 7,792
ISHARES S&P 500 INDEX FUND CLASS G 24,236,607 33,149,337
ISHARES RUSSELL 2000 ETF 2,911,289 3,656,667
SPDR DJ WILSHIRE GLOBAL REAL ESTATE ETF EXCHANGE TRADED FUND 1,153,220 1,103,946
STATE STREET HEDGED INTERNATIONAL DEVELOPED EQUITY 3,462,430 3,916,551
ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS G 3,235,962 3,376,346
GS GQG PARTNERS INTERNATIONAL OPPORTUNITIES FUND CLASS P 2,422,131 2,570,076
STATE STREET EMERGING MARKETS EQUITY INDEX FUND K CLASS 879,966 921,957
GS TACTICAL TILT OVERLAY FUND CLASS P 4,283,917 4,203,321
WALT DISNEY COMPANY (THE) CMN 242,299 251,663
BERKSHIRE HATHAWAY INC. CLASS B 130,117 224,374
ZIMMER BIOMET HOLDINGS INC 222,027 218,622
BANK OF AMERICA CORP CMN 150,268 216,805
MICRON TECHNOLOGY, INC. CMN 172,403 212,794
ALPHABET INC. CMN CLASS C 116,123 212,341
ELANCO ANIMAL HEALTH INCORPORATED CMN 198,942 206,476
NCR VOYIX CORP CMN 187,106 198,950
GRAPHIC PACKAGING HLDGCO CMN 133,996 196,272
PINTEREST INC CMN CLASS A 205,778 192,415
L3HARRIS TECHNOLOGIES INC CMN 188,718 192,406
NASDAQ INC. CMN 145,033 189,023
BAXTER INTERNATIONAL INC CMN 260,360 187,712
PENN ENTERTAINMENT INC CMN 172,969 186,308
SS&C TECHNOLOGIES HOLDINGS, INC. CMN 117,461 178,083
LIONS GATE ENTERTAINMENT CORP. CMN CLASS B 233,376 147,980
SENSATA TECHNOLOGIES HOLDING PLC CMN 200,431 139,740
OKTA, INC. CMN CLASS A 136,186 136,718
MOHAWK INDUSTRIES INC COMMON STOCK 108,830 119,130
DEVON ENERGY CORPORATION (NEW) CMN 158,326 110,006
TOPGOLF CALLAWAY BRANDS CORP CMN 200,653 104,538
DUN & BRADSTREET HOLDINGS, INC. CMN 86,627 90,958
CORNING INCORPORATED CMN 51,989 86,676
ULTRA CLEAN HOLDINGS, INC. CMN 86,218 86,280
AXALTA COATING SYSTEMS LTD. CMN 50,531 78,706

TY 2024 InvestmentsOtherSchedule2
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
WEST STREET CAPITAL PARTNERS VIII - PARALLEL LP AT COST 205,111 245,007
NORGINE INVESTMENTS SLP AT COST 514,168 611,391
VINTAGE IX A OFFSHORE SCSP AT COST 592,182 838,255
SLR HEALTHCARE (BDC) ACCESS LP AT COST 84,644 79,547
REDBIRD CAPITAL PARTNERS IV ACCESS OFFSHORE FEEDER LP AT COST 1,509,374 1,670,258
SANDBROOK CLIMATE INFRASTRUCTURE I ACCESS OFFSHORE LP AT COST 129,326 139,231
KING STREET GLOBAL DRAWDOWN II ACCESS OFFSHORE LP AT COST 293,973 337,079
NEW MOUNTAIN PARTNERS VII ACCESS OFFSHORE SCSP AT COST 55,746 34,814
WEST STREET CAPITAL PARTNERS IX OFFSHORE FEEDER FUND LLC AT COST 122,675 140,000
JADE EQUITY INVESTORS OFFSHORE AT COST 116,677 144,446
H.I.G. PRIVATE EQUITY OPPORTUNITIES ACCESS OFFSHORE LP AT COST 128,265 130,721
GREEN EQUITY INVESTORS OFFSHORE FUND IX LP AT COST 698,254 837,473

TY 2024 LegalFeesSchedule
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 5,857 0   5,857


TY 2024 OtherDecreasesSchedule
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Description Amount
STOCK BASIS ADJUSTMENTS 1,360,829
TAXABLE INCOME NOT ON BOOKS 44


TY 2024 OtherExpensesSchedule
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 3,285 164   3,121
ALT INVESTMENT EXPENSES 111,398 111,398   0


TY 2024 OtherIncomeSchedule2
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 203 203 203
SUBPART F INCOME 3 3 3
SECTION 951A GILTI 41 41 41


TY 2024 OtherLiabilitiesSchedule
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Description Beginning of Year - Book Value End of Year - Book Value
GREEN EQUITY INVESTORS OFFSHORE FUND IX LP 7,670 0
CREDIT CARD PAYABLE 0 717


TY 2024 OtherProfessionalFeesSchedule
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 134,183 134,183   0


TY 2024 TaxesSchedule
Name:
BRUGGEN FOUNDATION INC
EIN:
47-2581672
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 28,985 28,985   0
FEDERAL EXCISE TAXES 5,000 0   0