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
SKAGGS FOUNDATION FOR RESEARCH
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 803878
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60680
A Employer identification number

20-7399767
B Telephone number (see instructions)

(312) 630-6000
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$33,179,663J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 704,550 704,550  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 21,057,620
b Gross sales price for all assets on line 6a 33,240,471
7 Capital gain net income (from Part IV, line 2)... 21,057,620
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 21,762,170 21,762,170  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 99,868 12,467   87,401
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits....... 4,008 0 0 4,008
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,500 1,250 0 1,250
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)...       0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,407 25   3,382
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 109,783 13,742 0 96,041
25 Contributions, gifts, grants paid....... 2,690,000 2,690,000
26 Total expenses and disbursements. Add lines 24 and 25 2,799,783 13,742 0 2,786,041
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,962,387
b Net investment income (if negative, enter -0-) 21,748,428
c Adjusted net income (if negative, enter -0-)... 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.............   -2,199 -2,199
2 Savings and temporary cash investments......... 2,145,254 33,181,862 33,181,862
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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)....... 8,716,220    
c Investments—corporate bonds (attach schedule)....... 3,466,623    
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)..........     0
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) 14,328,097 33,179,663 33,179,663
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 14,328,097 33,179,663
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 14,328,097 33,179,663
30 Total liabilities and net assets/fund balances (see instructions). 14,328,097 33,179,663
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
14,328,097
2
Enter amount from Part I, line 27a .....................
2
18,962,387
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
9,072
4
Add lines 1, 2, and 3 ..........................
4
33,299,556
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
119,893
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
33,179,663
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 1161. ABBOTT LABORATORIES   2016-11-23 2024-11-07
b 575. ABBOTT LABORATORIES   2016-11-23 2024-11-08
c 573. ABBOTT LABORATORIES   2016-11-23 2024-11-11
d 1246. ABBOTT LABORATORIES   2016-11-23 2024-11-12
e 138. ABBVIE INC COM USD0.01   2020-05-11 2024-11-07
68. ABBVIE INC COM USD0.01   2020-05-11 2024-11-08
68. ABBVIE INC COM USD0.01   2020-05-11 2024-11-11
149. ABBVIE INC COM USD0.01   2020-05-11 2024-11-12
917. ALLSTATE CORP   2016-06-29 2024-11-07
454. ALLSTATE CORP   2016-06-29 2024-11-08
453. ALLSTATE CORP   2016-06-29 2024-11-11
983. ALLSTATE CORP   2016-06-29 2024-11-12
2219. ALPHABET INC CAP STK USD0.001 CL C   2013-03-21 2024-11-07
1100. ALPHABET INC CAP STK USD0.001 CL C   2013-03-21 2024-11-08
1096. ALPHABET INC CAP STK USD0.001 CL C   2013-03-21 2024-11-11
2381. ALPHABET INC CAP STK USD0.001 CL C   2013-03-21 2024-11-12
1656. ALPHABET INC CAPITAL STOCK USD0.001 CL A   2013-03-21 2024-11-07
821. ALPHABET INC CAPITAL STOCK USD0.001 CL A   2013-03-21 2024-11-08
818. ALPHABET INC CAPITAL STOCK USD0.001 CL A   2013-03-21 2024-11-11
1777. ALPHABET INC CAPITAL STOCK USD0.001 CL A   2013-03-21 2024-11-12
406. AMERICAN TOWER CORP   2013-06-25 2024-11-07
201. AMERICAN TOWER CORP   2013-06-25 2024-11-08
200. AMERICAN TOWER CORP   2013-06-25 2024-11-11
436. AMERICAN TOWER CORP   2013-06-25 2024-11-12
3952. APPLE COMPUTER INC   2013-03-21 2024-11-07
1958. APPLE COMPUTER INC   2013-03-21 2024-11-08
1951. APPLE COMPUTER INC   2013-03-21 2024-11-11
4239. APPLE COMPUTER INC   2013-03-21 2024-11-12
709. BAXTER INTL INC   2013-12-11 2024-11-07
351. BAXTER INTL INC   2013-12-12 2024-11-08
350. BAXTER INTL INC   2013-12-12 2024-11-11
760. BAXTER INTL INC   2013-12-12 2024-11-12
299. BIOGEN INC COMMON STOCK   2015-08-21 2024-11-07
149. BIOGEN INC COMMON STOCK   2015-08-21 2024-11-08
148. BIOGEN INC COMMON STOCK   2015-12-11 2024-11-11
321. BIOGEN INC COMMON STOCK   2015-12-11 2024-11-12
535. BRISTOL MYERS SQUIBB CO   2019-11-21 2024-11-07
265. BRISTOL MYERS SQUIBB CO   2019-11-21 2024-11-08
264. BRISTOL MYERS SQUIBB CO   2019-11-21 2024-11-11
575. BRISTOL MYERS SQUIBB CO   2019-11-21 2024-11-12
235. THE CIGNA GROUP   2013-03-21 2024-11-07
117. THE CIGNA GROUP   2014-07-30 2024-11-08
116. THE CIGNA GROUP   2014-07-30 2024-11-11
252. THE CIGNA GROUP   2014-07-30 2024-11-12
1364. CVS CORP   2016-06-29 2024-11-07
676. CVS CORP   2014-04-01 2024-11-08
673. CVS CORP   2014-04-01 2024-11-11
1463. CVS CORP   2014-04-01 2024-11-12
503. CHEVRONTEXACO CORP COM   2013-03-21 2024-11-07
249. CHEVRONTEXACO CORP COM   2013-03-21 2024-11-08
249. CHEVRONTEXACO CORP COM   2013-03-21 2024-11-11
540. CHEVRONTEXACO CORP COM   2013-03-21 2024-11-12
1234. CITIGROUP INC COM NEW COM NEW   2014-07-17 2024-11-07
612. CITIGROUP INC COM NEW COM NEW   2014-07-17 2024-11-08
609. CITIGROUP INC COM NEW COM NEW   2014-07-17 2024-11-11
1324. CITIGROUP INC COM NEW COM NEW   2014-07-17 2024-11-12
1708. COCA COLA CO   2016-06-29 2024-11-07
847. COCA COLA CO   2016-06-29 2024-11-08
844. COCA COLA CO   2016-06-29 2024-11-11
1832. COCA COLA CO   2016-06-29 2024-11-12
273. COSTCO WHSL CORP NEW   2013-03-21 2024-11-07
135. COSTCO WHSL CORP NEW   2013-03-21 2024-11-08
135. COSTCO WHSL CORP NEW   2013-03-21 2024-11-11
292. COSTCO WHSL CORP NEW   2013-03-21 2024-11-12
841. WALT DISNEY CO   2013-03-21 2024-11-07
417. WALT DISNEY CO   2013-03-21 2024-11-08
415. WALT DISNEY CO   2013-03-21 2024-11-11
903. WALT DISNEY CO   2013-03-21 2024-11-12
395. DUKE ENERGY CORP NEW COM NEW COM NEW   2015-12-23 2024-11-07
196. DUKE ENERGY CORP NEW COM NEW COM NEW   2015-12-23 2024-11-08
195. DUKE ENERGY CORP NEW COM NEW COM NEW   2015-12-23 2024-11-11
423. DUKE ENERGY CORP NEW COM NEW COM NEW   2015-12-23 2024-11-12
637. EOG RES INC   2015-08-21 2024-11-07
316. EOG RES INC   2015-08-21 2024-11-08
315. EOG RES INC   2015-08-21 2024-11-11
684. EOG RES INC   2015-08-21 2024-11-12
1300. EXXON MOBIL CORP   2016-06-29 2024-11-07
644. EXXON MOBIL CORP   2016-06-29 2024-11-08
642. EXXON MOBIL CORP   2013-03-21 2024-11-11
1395. EXXON MOBIL CORP   2013-03-21 2024-11-12
235000. FEDERAL HOME LOAN BANKS 2.5% DUE 02-13-2024 REG   2019-04-18 2024-02-13
42868. MFC FLEXSHARES TR CREDIT SCORED US CORP BD INDEX FD   2017-08-04 2024-11-20
331. FORTIVE CORP COM MON STOCK   2014-07-30 2024-11-07
164. FORTIVE CORP COM MON STOCK   2014-07-30 2024-11-08
164. FORTIVE CORP COM MON STOCK   2014-07-30 2024-11-11
356. FORTIVE CORP COM MON STOCK   2014-07-30 2024-11-12
325. GENERAL DYNAMICS CORP   2018-05-21 2024-11-07
161. GENERAL DYNAMICS CORP   2019-04-12 2024-11-08
160. GENERAL DYNAMICS CORP   2019-04-12 2024-11-11
348. GENERAL DYNAMICS CORP   2019-04-12 2024-11-12
790. GILEAD SCIENCES INC   2014-07-30 2024-11-07
392. GILEAD SCIENCES INC   2014-07-30 2024-11-08
390. GILEAD SCIENCES INC   2016-06-15 2024-11-11
848. GILEAD SCIENCES INC   2016-06-15 2024-11-12
271. W W GRAINGER INC   2019-04-12 2024-11-07
134. W W GRAINGER INC   2016-11-23 2024-11-08
134. W W GRAINGER INC   2016-11-23 2024-11-11
290. W W GRAINGER INC   2016-11-23 2024-11-12
605. HOME DEPOT INC   2013-03-21 2024-11-07
300. HOME DEPOT INC   2013-03-21 2024-11-08
299. HOME DEPOT INC   2013-03-21 2024-11-11
649. HOME DEPOT INC   2013-03-21 2024-11-12
433. HONEYWELL INTL INC   2018-05-21 2024-11-07
215. HONEYWELL INTL INC   2018-05-21 2024-11-08
214. HONEYWELL INTL INC   2018-05-21 2024-11-11
464. HONEYWELL INTL INC   2018-05-21 2024-11-12
1785. INTEL CORP COM   2017-06-02 2024-11-07
884. INTEL CORP COM   2017-06-02 2024-11-08
881. INTEL CORP COM   2017-06-02 2024-11-11
1915. INTEL CORP COM   2017-06-02 2024-11-12
1634. INTERCONTINENTAL EXCHANGE INC COM   2014-07-17 2024-11-07
810. INTERCONTINENTAL EXCHANGE INC COM   2014-07-17 2024-11-08
807. INTERCONTINENTAL EXCHANGE INC COM   2014-07-17 2024-11-11
1753. INTERCONTINENTAL EXCHANGE INC COM   2014-07-17 2024-11-12
328. INTL BUSINESS MACHINES CORP   2019-01-22 2024-11-07
162. INTL BUSINESS MACHINES CORP   2019-01-22 2024-11-08
162. INTL BUSINESS MACHINES CORP   2019-01-22 2024-11-11
351. INTL BUSINESS MACHINES CORP   2019-01-22 2024-11-12
1502. J P MORGAN CHASE & CO   2013-03-21 2024-11-07
744. J P MORGAN CHASE & CO   2013-03-21 2024-11-08
742. J P MORGAN CHASE & CO   2013-03-21 2024-11-11
1612. J P MORGAN CHASE & CO   2013-03-21 2024-11-12
424. KLA-TENCOR CORP   2019-01-22 2024-11-07
210. KLA-TENCOR CORP   2019-01-22 2024-11-08
209. KLA-TENCOR CORP   2019-01-22 2024-11-11
456. KLA-TENCOR CORP   2019-01-22 2024-11-12
65. KYNDRYL HLDGS INC COM   2019-01-22 2024-11-07
32. KYNDRYL HLDGS INC COM   2019-01-22 2024-11-08
32. KYNDRYL HLDGS INC COM   2019-01-22 2024-11-11
70. KYNDRYL HLDGS INC COM   2019-01-22 2024-11-12
1785. MASCO CORP   2016-01-27 2024-11-07
884. MASCO CORP   2016-01-27 2024-11-08
881. MASCO CORP   2016-01-27 2024-11-11
1915. MASCO CORP   2016-01-27 2024-11-12
510. MCDONALDS CORP   2013-03-21 2024-11-07
253. MCDONALDS CORP   2013-03-21 2024-11-08
252. MCDONALDS CORP   2013-03-21 2024-11-11
546. MCDONALDS CORP   2013-03-21 2024-11-12
754. MICROSOFT CORP COM   2019-01-22 2024-11-07
373. MICROSOFT CORP COM   2019-01-22 2024-11-08
372. MICROSOFT CORP COM   2019-01-22 2024-11-11
809. MICROSOFT CORP COM   2019-01-22 2024-11-12
1937. MONDELEZ INTL INC COM   2013-09-18 2024-11-07
960. MONDELEZ INTL INC COM   2013-09-18 2024-11-08
957. MONDELEZ INTL INC COM   2013-09-18 2024-11-11
2078. MONDELEZ INTL INC COM   2013-09-18 2024-11-12
1367. NIKE INC CLASS B   2016-11-23 2024-11-07
677. NIKE INC CLASS B   2013-03-21 2024-11-08
675. NIKE INC CLASS B   2013-03-21 2024-11-11
1467. NIKE INC CLASS B   2013-03-21 2024-11-12
484. NORFOLK SOUTHN CORP COM   2013-09-18 2024-11-07
240. NORFOLK SOUTHN CORP COM   2013-09-18 2024-11-08
239. NORFOLK SOUTHN CORP COM   2013-09-18 2024-11-11
520. NORFOLK SOUTHN CORP COM   2013-09-18 2024-11-12
26473.39 MFB NORTHN INTL EQTY INDEX FD   2019-04-16 2024-11-07
13283.71 MFB NORTHN INTL EQTY INDEX FD   2019-04-16 2024-11-08
13597.91 MFB NORTHN INTL EQTY INDEX FD   2019-04-16 2024-11-08
28914.26 MFB NORTHN INTL EQTY INDEX FD   2016-02-25 2024-11-12
42275.40163 MFB NORTHN HI YIELD FXD INC FD   2014-10-09 2024-11-07
406.30837 MFB NORTHN HI YIELD FXD INC FD   2014-10-09 2024-11-07
21190.41 MFB NORTHN HI YIELD FXD INC FD   2014-10-09 2024-11-08
21217.35 MFB NORTHN HI YIELD FXD INC FD   2014-10-09 2024-11-08
46439.98 MFB NORTHN HI YIELD FXD INC FD   2016-02-25 2024-11-12
842. NUCOR CORP   2015-07-24 2024-11-07
417. NUCOR CORP   2015-07-24 2024-11-08
416. NUCOR CORP   2015-07-24 2024-11-11
904. NUCOR CORP   2015-07-24 2024-11-12
13791. NVIDIA CORP   2019-01-22 2024-11-07
6834. NVIDIA CORP   2019-01-22 2024-11-08
6810. NVIDIA CORP   2019-01-22 2024-11-11
14795. NVIDIA CORP   2019-01-22 2024-11-12
1530. ORACLE CORPORATION   2013-03-21 2024-11-07
758. ORACLE CORPORATION   2013-03-21 2024-11-08
755. ORACLE CORPORATION   2013-03-21 2024-11-11
1641. ORACLE CORPORATION   2013-03-21 2024-11-12
2294. PFIZER INC   2013-03-21 2024-11-07
1137. PFIZER INC   2013-03-21 2024-11-08
1133. PFIZER INC   2013-03-21 2024-11-11
2461. PFIZER INC   2013-03-21 2024-11-12
688. PROCTER & GAMBLE CO   2014-10-31 2024-11-07
341. PROCTER & GAMBLE CO   2013-03-21 2024-11-08
340. PROCTER & GAMBLE CO   2013-03-21 2024-11-11
739. PROCTER & GAMBLE CO   2013-03-21 2024-11-12
894. SALESFORCE INC COM USD0.001   2014-11-21 2024-11-07
443. SALESFORCE INC COM USD0.001   2014-10-22 2024-11-08
441. SALESFORCE INC COM USD0.001   2014-10-22 2024-11-11
958. SALESFORCE INC COM USD0.001   2014-10-22 2024-11-12
962. SCHLUMBERGER LTD ISIN #AN8068571086   2014-12-19 2024-11-07
477. SCHLUMBERGER LTD ISIN #AN8068571086   2013-03-21 2024-11-08
475. SCHLUMBERGER LTD ISIN #AN8068571086   2013-03-21 2024-11-11
1033. SCHLUMBERGER LTD ISIN #AN8068571086   2013-03-21 2024-11-12
1479. CHARLES SCHWAB CORP NEW   2016-02-04 2024-11-07
733. CHARLES SCHWAB CORP NEW   2016-02-04 2024-11-08
730. CHARLES SCHWAB CORP NEW   2016-02-04 2024-11-11
1586. CHARLES SCHWAB CORP NEW   2016-02-04 2024-11-12
1353. STARBUCKS CORP   2014-01-29 2024-11-07
671. STARBUCKS CORP   2014-01-29 2024-11-08
668. STARBUCKS CORP   2014-01-29 2024-11-11
1452. STARBUCKS CORP   2014-01-29 2024-11-12
71000. UNITED STATES OF AMER TREAS BOND 3.125% 11-15-2028   2019-01-22 2024-11-20
1517. WELLS FARGO & CO NEW   2013-03-21 2024-11-07
752. WELLS FARGO & CO NEW   2013-03-21 2024-11-08
749. WELLS FARGO & CO NEW   2013-03-21 2024-11-11
1627. WELLS FARGO & CO NEW   2013-03-21 2024-11-12
73. #REORG/ZIMVIE INC MERGER 10-20-2025   2015-06-04 2024-11-07
37. #REORG/ZIMVIE INC MERGER 10-20-2025   2014-07-30 2024-11-08
36. #REORG/ZIMVIE INC MERGER 10-20-2025   2014-07-30 2024-11-11
79. #REORG/ZIMVIE INC MERGER 10-20-2025   2014-07-31 2024-11-12
746. ZIMMER HLDGS INC   2015-06-04 2024-11-07
370. ZIMMER HLDGS INC   2014-07-30 2024-11-08
368. ZIMMER HLDGS INC   2014-07-30 2024-11-11
800. ZIMMER HLDGS INC   2014-07-31 2024-11-12
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS 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 134,358   45,051 89,307
b 66,330   22,312 44,018
c 66,934   22,234 44,700
d 145,621   48,349 97,272
e 27,688   11,531 16,157
13,656   5,682 7,974
12,050   5,682 6,368
26,029   12,450 13,579
171,571   62,215 109,356
88,905   30,802 58,103
90,315   30,734 59,581
193,846   66,693 127,153
399,718   44,927 354,791
198,009   22,271 175,738
198,291   22,190 176,101
432,742   48,207 384,535
295,584   33,728 261,856
146,653   16,721 129,932
146,709   16,660 130,049
320,176   36,192 283,984
81,195   29,389 51,806
40,124   14,550 25,574
39,904   14,477 25,427
85,128   31,561 53,567
893,641   64,085 829,556
445,392   31,750 413,642
434,718   31,637 403,081
948,597   68,738 879,859
25,146   26,348 -1,202
12,162   12,937 -775
11,940   12,893 -953
25,491   27,997 -2,506
52,641   85,609 -32,968
25,787   42,661 -16,874
25,550   39,404 -13,854
54,993   84,384 -29,391
29,353   29,907 -554
14,408   14,814 -406
15,904   14,758 1,146
34,685   32,143 2,542
74,934   42,813 32,121
37,308   21,316 15,992
39,934   21,133 18,801
86,460   45,911 40,549
81,675   112,619 -30,944
37,762   50,244 -12,482
37,787   50,021 -12,234
80,603   108,739 -28,136
79,012   60,562 18,450
38,789   29,980 8,809
38,862   29,980 8,882
84,809   65,016 19,793
84,097   61,691 22,406
42,177   30,403 11,774
42,611   30,254 12,357
91,943   65,774 26,169
109,403   75,915 33,488
54,101   37,646 16,455
53,641   37,513 16,128
116,381   81,427 34,954
246,258   28,208 218,050
125,099   13,949 111,150
126,340   13,949 112,391
271,295   30,171 241,124
83,084   47,521 35,563
41,075   23,563 17,512
41,549   23,450 18,099
91,331   51,024 40,307
44,305   28,397 15,908
22,206   14,091 8,115
22,220   14,019 8,201
47,630   30,410 17,220
79,847   47,954 31,893
41,731   23,789 17,942
42,004   23,713 18,291
91,228   51,492 39,736
155,954   120,504 35,450
77,452   58,452 19,000
77,374   56,669 20,705
168,707   123,137 45,570
235,000   235,917 -917
2,057,071   2,186,268 -129,197
24,572   10,248 14,324
12,222   5,078 7,144
12,549   5,078 7,471
27,037   11,022 16,015
99,334   66,355 32,979
49,755   30,071 19,684
50,212   27,797 22,415
109,343   60,460 48,883
76,679   74,147 2,532
37,911   36,792 1,119
38,391   35,029 3,362
81,717   70,801 10,916
321,408   79,778 241,630
160,880   30,137 130,743
163,093   30,137 132,956
353,400   65,222 288,178
238,445   41,663 196,782
121,039   20,660 100,379
122,442   20,591 101,851
266,200   44,693 221,507
93,515   62,063 31,452
46,898   30,817 16,081
47,602   30,673 16,929
110,687   66,507 44,180
45,418   64,726 -19,308
23,165   32,055 -8,890
22,155   31,946 -9,791
47,087   69,440 -22,353
254,666   61,982 192,684
128,328   30,725 97,603
126,889   30,612 96,277
274,379   66,496 207,883
70,114   38,147 31,967
34,799   18,841 15,958
34,702   18,841 15,861
74,509   40,822 33,687
362,358   73,283 289,075
177,004   36,300 140,704
178,570   36,202 142,368
386,834   78,649 308,185
289,963   39,434 250,529
144,094   19,531 124,563
138,834   19,438 119,396
302,481   42,410 260,071
1,749   1,883 -134
900   927 -27
899   927 -28
1,957   2,027 -70
142,971   46,154 96,817
72,374   22,857 49,517
71,864   22,780 49,084
153,947   49,516 104,431
150,237   50,312 99,925
76,033   24,958 51,075
75,923   24,860 51,063
164,333   53,863 110,470
318,050   79,756 238,294
158,238   39,455 118,783
155,142   39,349 115,793
339,674   85,573 254,101
128,580   61,750 66,830
63,187   30,604 32,583
63,395   30,508 32,887
137,503   66,245 71,258
103,780   39,095 64,685
51,647   18,322 33,325
51,716   18,268 33,448
113,219   39,703 73,516
132,325   37,305 95,020
65,686   18,499 47,187
65,575   18,421 47,154
139,773   40,080 99,693
397,101   322,446 74,655
196,732   141,356 55,376
201,113   165,623 35,490
420,992   286,251 134,741
257,880   314,106 -56,226
2,478   3,019 -541
129,473   157,445 -27,972
129,638   157,645 -28,007
283,284   341,952 -58,668
137,393   39,460 97,933
66,498   18,056 48,442
66,636   18,013 48,623
141,318   39,143 102,175
2,029,373   51,571 1,977,802
1,006,415   25,555 980,860
990,215   25,466 964,749
2,192,346   55,325 2,137,021
277,647   49,817 227,830
143,055   24,680 118,375
143,760   24,583 119,177
309,114   53,431 255,683
63,000   61,250 1,750
30,653   30,358 295
29,894   30,251 -357
64,501   65,709 -1,208
111,516   55,268 56,248
56,427   26,395 30,032
56,731   26,318 30,413
123,255   57,202 66,053
277,741   51,728 226,013
139,077   25,121 113,956
150,283   25,008 125,275
326,741   54,262 272,479
41,452   78,107 -36,655
20,692   35,122 -14,430
20,902   34,974 -14,072
45,819   76,060 -30,241
110,817   36,836 73,981
53,824   18,256 35,568
56,229   18,181 38,048
122,900   39,501 83,399
130,400   49,370 81,030
65,240   24,485 40,755
67,236   24,375 42,861
145,497   52,983 92,514
68,066   73,291 -5,225
107,696   56,493 51,203
52,379   28,004 24,375
54,571   27,893 26,678
118,408   60,589 57,819
1,069   1,831 -762
531   870 -339
509   846 -337
1,124   1,846 -722
81,590   79,516 2,074
40,347   36,832 3,515
40,118   36,633 3,485
87,543   79,190 8,353
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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       89,307
b       44,018
c       44,700
d       97,272
e       16,157
      7,974
      6,368
      13,579
      109,356
      58,103
      59,581
      127,153
      354,791
      175,738
      176,101
      384,535
      261,856
      129,932
      130,049
      283,984
      51,806
      25,574
      25,427
      53,567
      829,556
      413,642
      403,081
      879,859
      -1,202
      -775
      -953
      -2,506
      -32,968
      -16,874
      -13,854
      -29,391
      -554
      -406
      1,146
      2,542
      32,121
      15,992
      18,801
      40,549
      -30,944
      -12,482
      -12,234
      -28,136
      18,450
      8,809
      8,882
      19,793
      22,406
      11,774
      12,357
      26,169
      33,488
      16,455
      16,128
      34,954
      218,050
      111,150
      112,391
      241,124
      35,563
      17,512
      18,099
      40,307
      15,908
      8,115
      8,201
      17,220
      31,893
      17,942
      18,291
      39,736
      35,450
      19,000
      20,705
      45,570
      -917
      -129,197
      14,324
      7,144
      7,471
      16,015
      32,979
      19,684
      22,415
      48,883
      2,532
      1,119
      3,362
      10,916
      241,630
      130,743
      132,956
      288,178
      196,782
      100,379
      101,851
      221,507
      31,452
      16,081
      16,929
      44,180
      -19,308
      -8,890
      -9,791
      -22,353
      192,684
      97,603
      96,277
      207,883
      31,967
      15,958
      15,861
      33,687
      289,075
      140,704
      142,368
      308,185
      250,529
      124,563
      119,396
      260,071
      -134
      -27
      -28
      -70
      96,817
      49,517
      49,084
      104,431
      99,925
      51,075
      51,063
      110,470
      238,294
      118,783
      115,793
      254,101
      66,830
      32,583
      32,887
      71,258
      64,685
      33,325
      33,448
      73,516
      95,020
      47,187
      47,154
      99,693
      74,655
      55,376
      35,490
      134,741
      -56,226
      -541
      -27,972
      -28,007
      -58,668
      97,933
      48,442
      48,623
      102,175
      1,977,802
      980,860
      964,749
      2,137,021
      227,830
      118,375
      119,177
      255,683
      1,750
      295
      -357
      -1,208
      56,248
      30,032
      30,413
      66,053
      226,013
      113,956
      125,275
      272,479
      -36,655
      -14,430
      -14,072
      -30,241
      73,981
      35,568
      38,048
      83,399
      81,030
      40,755
      42,861
      92,514
      -5,225
      51,203
      24,375
      26,678
      57,819
      -762
      -339
      -337
      -722
      2,074
      3,515
      3,485
      8,353
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 21,057,620
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) 1 302,303
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........................... 3 302,303
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- ..... 5 302,303
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 21,198
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 289,105
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 310,303
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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,000
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow8,000 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$   (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 arrowIL, UT
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 arrowTHE NORTHERN TRUST COMPANY Telephone no.right arrow (312) 630-6000

Located atright arrowPO BOX 803878CHICAGOIL ZIP+4right arrow60680
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
THE NORTHERN TRUST COMPANY TRUSTEE
40 		49,868    
PO BOX 803878
CHICAGO,IL60680
RONNY L CUTSHALL MEMBER OF GRANTS COMMITTEE
3 		50,000    
6190 S MOFFAT FARM LANE
SALT LAKE CITY,UT84121
CLAUDIA S LUTTRELL MEMBER OF GRANTS COMMITTEE
1 		0    
6190 S MOFFAT FARM LANE
SALT LAKE CITY,UT84121
GEORGE L MOOSMAN MEMBER OF GRANTS COMMITTEE
1 		0    
6190 S MOFFAT FARM LANE
SALT LAKE CITY,UT84121
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
31,112,546
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
31,112,546
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
31,112,546
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
466,688
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
30,645,858
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,532,293
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,532,293
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
302,303
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
302,303
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,229,990
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,229,990
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,229,990
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
2,786,041
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,786,041
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,229,990
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 82,296
b From 2020...... 1,974,810
c From 2021...... 657,779
d From 2022...... 1,601,651
e From 2023...... 1,359,762
f Total of lines 3a through e ........ 5,676,298
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,786,041
a Applied to 2023, but not more than line 2a 0
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..... 1,229,990
e Remaining amount distributed out of corpus 1,556,051
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 7,232,349
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 .......... 		0
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) ... 		82,296
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		7,150,053
10 Analysis of line 9:
a Excess from 2020.... 1,974,810
b Excess from 2021.... 657,779
c Excess from 2022.... 1,601,651
d Excess from 2023.... 1,359,762
e Excess from 2024.... 1,556,051
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

UNIVERSITY OF UTAH

201 PRESIDENTS CIRCLE
SALT LAKE CITY,UT84112 		NONE PC MEDICAL RESEARCH 2,690,000
Total .................................right arrow 3a 2,690,000
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 ........... 		         
4 Dividends and interest from securities ....     14 704,550  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 21,057,620  
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) ..   21,762,170  
13Total. Add line 12, columns (b), (d), and (e)..................
13
21,762,170
(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.
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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:
SKAGGS FOUNDATION FOR RESEARCH
EIN:
20-7399767
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 2,500 1,250   1,250

TY 2024 OtherDecreasesSchedule
Name:
SKAGGS FOUNDATION FOR RESEARCH
EIN:
20-7399767
Description Amount
2024 TRANSACTIONS POSTED IN 2025 119,893


TY 2024 OtherExpensesSchedule
Name:
SKAGGS FOUNDATION FOR RESEARCH
EIN:
20-7399767
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING FEE 15 0   15
CLASS ACTION FILING FEE 25 25   0
MISCELLANEOUS EXPENSES 524 0   524
PAYROLL FEES 2,843 0   2,843


TY 2024 OtherIncreasesSchedule
Name:
SKAGGS FOUNDATION FOR RESEARCH
EIN:
20-7399767
Description Amount
2023 TRANSACTIONS POSTED IN 2024 9,072