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
CHANGE HAPPENS FOUNDATION
A DELAWARE NONPROFIT ORGANIZATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3681
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
URBANDALE, IA50323
A Employer identification number

20-5222620
B Telephone number (see instructions)

(515) 491-7111
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$17,817,687J 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... 348,365 348,365  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 905,776
b Gross sales price for all assets on line 6a 4,409,048
7 Capital gain net income (from Part IV, line 2)... 905,776
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,254,141 1,254,141  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 221,856 14,839   207,017
14 Other employee salaries and wages...... 15,720 0   15,720
15 Pension plans, employee benefits....... 85,159 1,709   83,450
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,715 0   5,715
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
23,248 6,200   17,048
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
185,023 173,086   11,937
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
9,112 5,638   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 7,200 0   7,200
21 Travel, conferences, and meetings....... 18,674 0   18,674
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
108,958 55,950   53,008
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 680,665 257,422   419,769
25 Contributions, gifts, grants paid....... 255,218 255,250
26 Total expenses and disbursements. Add lines 24 and 25 935,883 257,422   675,019
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 318,258
b Net investment income (if negative, enter -0-) 996,719
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......... 194,691 168,453 168,453
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.......... 6,892 4,526 4,526
10a Investments—U.S. and state government obligations (attach schedule) 8,126 Click to see attachment
List of Attached Documents:
// Content
6,928 		6,928
b Investments—corporate stock (attach schedule)....... 7,908,939 Click to see attachment
List of Attached Documents:
// Content
9,888,140 		9,888,140
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,388,977 Click to see attachment
List of Attached Documents:
// Content
7,749,640 		7,749,640
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) 16,507,625 17,817,687 17,817,687
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 16,507,625 17,817,687
29 Total net assets or fund balances (see instructions)..... 16,507,625 17,817,687
30 Total liabilities and net assets/fund balances (see instructions). 16,507,625 17,817,687
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
16,507,625
2
Enter amount from Part I, line 27a .....................
2
318,258
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
991,804
4
Add lines 1, 2, and 3 ..........................
4
17,817,687
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,817,687
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      
b CAPITAL GAINS DISTRIBUTIONS P    
c FROM K-1'S P    
d FROM K-1'S P    
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 4,130,576   3,503,272 627,304
b 102,970     102,970
c 15,151     15,151
d 160,351     160,351
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       627,304
b       102,970
c       15,151
d       160,351
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 2 905,776
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 13,854
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 13,854
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 13,854
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 14,880
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,380
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 4,526
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow4,526 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 arrowDE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.CHANGEHAPPENSFOUNDATION.ORG
14
The books are in care ofright arrowKRISTIN NONG Telephone no.right arrow (515) 491-7111

Located atright arrow3311 100TH STREET 3681URBANDALEIA ZIP+4right arrow50323
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
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
DOUGLAS TROXEL BOARD MEMBER, PRESIDENT AND CEO
1.00 		0 0 0
PO BOX 3681
URBANDALE,IA50323
KRISTIN NONG BOARD DIRECTOR, CO-EXEC DIRECTOR, CFO
9.23 		79,142 9,117 0
PO BOX 3681
URBANDALE,IA50323
SERGE TROXEL BOARD DIRECTOR, CO-EXEC DIRECTOR, CSO
9.23 		117,714 15,417 0
PO BOX 3681
URBANDALE,IA50323
DEBORAH TROXEL BOARD MEMBER
1.00 		0 0 0
PO BOX 3681
URBANDALE,IA50323
RICHARD WOO BOARD DIRECTOR
1.00 		25,000 0 0
PO BOX 3681
URBANDALE,IA50323
MICHAEL TROXEL BOARD DIRECTOR
0.00 		0 0 0
PO BOX 3681
URBANDALE,IA50323
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
WELLS FARGO CLEARING SERVICES LLC INVESTMENT MGMT 173,086
2801 MARKET STREET
SAINT LOUIS,MO63103
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
17,382,186
b
Average of monthly cash balances.......................
1b
147,871
c
Fair market value of all other assets (see instructions)................
1c
4,526
d
Total (add lines 1a, b, and c).........................
1d
17,534,583
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
17,534,583
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
263,019
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
17,271,564
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
863,578
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
863,578
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
13,854
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,854
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
849,724
4
Recoveries of amounts treated as qualifying distributions................
4
32
5
Add lines 3 and 4............................
5
849,756
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
849,756
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
675,019
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
675,019
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 7 849,756
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...... 507,006
b From 2020...... 663,948
c From 2021...... 612,133
d From 2022...... 570,720
e From 2023...... 35,628
f Total of lines 3a through e ........ 2,389,435
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 675,019
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..... 675,019
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 174,737 174,737
(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 2,214,698
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) ... 		332,269
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,882,429
10 Analysis of line 9:
a Excess from 2020.... 663,948
b Excess from 2021.... 612,133
c Excess from 2022.... 570,720
d Excess from 2023.... 35,628
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).)
DOUGLAS TROXEL
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KRISTIN NONG
PO BOX 3681
URBANDALE,IA50323
(515) 491-7111
KRISTIN@CHANGEHAPPENSFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
THERE ARE TWO STEPS WHEN APPLYING FOR A GRANT FROM THE CHANGE HAPPENS FOUNDATION. STEP ONE: LETTER OF INQUIRY THE APPLICATION PROCESS TO THE CHANGE HAPPENS FOUNDATION BEGINS WITH AN INITIAL LETTER OF INQUIRY WHICH IS REQUIRED TO DETERMINE WHETHER THE FOUNDATIONS CURRENT INTERESTS AND BUDGET ALLOW CONSIDERATION OF THE GRANTSEEKERS REQUEST. ONLINE FORM THEY ASK THAT ALL APPLICANTS COMPLETE AND SUBMIT OUR ONLINE LETTER OF INQUIRY FORM PROVIDING BASIC ORGANIZATIONAL AND PROJECT INFORMATION. THEIR WEB ADDRESS IS WWW.CHANGEHAPPENSFOUNDATION.ORG DOWNLOAD AND MAIL IF YOU ARE UNABLE TO COMPLETE AND SUBMIT YOUR LETTER OF INQUIRY ONLINE, PLEASE DOWNLOAD AND MAIL THE LETTER OF INQUIRY FORM. STEP TWO: PROPOSAL IF YOUR LETTER OF INQUIRY IS ACCEPTED FOR FURTHER CONSIDERATION, YOU WILL BE ASKED TO SUBMIT A FORMAL GRANT PROPOSAL. PLEASE DO NOT SUBMIT A PROPOSAL WITHOUT AN INVITATION TO APPLY.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE CHANGE HAPPENS FOUNDATION WILL CONSIDER DIRECTING RESOURCES TO ACTIVITIES OR PROGRAM-RELATED INVESTMENTS THAT ARE WITHIN THE FOUNDATIONS MISSION AND BUDGET LIMITATIONS. GRANTS FOR RELIGIOUS ACTIVITIES, GRADUATE OR UNDERGRADUATE SCHOLARSHIPS WILL NOT BE REVIEWED. ACTIVITIES SUPPORTED BY GRANTS MUST BE CHARITABLE, EDUCATIONAL, LITERARY, OR SCIENTIFIC, AS DEFINED UNDER THE APPROPRIATE PROVISIONS OF THE U.S. INTERNAL REVENUE CODE AND TREASURY REGULATIONS. THE FOUNDATION MONITORS GRANTS THROUGH REGULAR FINANCIAL AND NARRATIVE REPORTS SUBMITTED BY THE GRANTEE.
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

BRIGID ALLIANCE

PO BOX 58 PLANETARIUM STATION
NEW YORK,NY10024 		NONE PC GENERAL SUPPORT 30,000

COALITIONS & COLLABORATIVES

2432 S DOWNING ST SUITE 200
DENVER,CO80210 		NONE PC GENERAL SUPPORT 25,000

COMMUNITY EDUCATION PARTNERSHIPS

PO BOX 70153
OAKLAND,CA94612 		NONE PC GENERAL SUPPORT 10,000

LET'S GO COMPOST

PO BOX 5683
SCOTTSDALE,AZ85261 		NONE PC GENERAL SUPPORT 10,000

OPENAQ

4301 50TH STREET NW SUITE 300 1046
WASHINGHTON,DC20016 		NONE PC GENERAL SUPPORT 15,000

RESOURCE AREA FOR TEACHING

1355 RIDDER PARK DRIVE
SAN JOSE,CA95131 		NONE PC GENERAL SUPPORT 20,000

SCIENCE BUDDIES

560 VALLEY WAY
MILPITAS,CA95035 		NONE PC GENERAL SUPPORT 50,000

SMITHSONIAN ASTROPHYSICAL OBSERVATORY SMITHSONIAN INSTITUTE

PO BOX 37012 MRC 035
WASHINGHTON,DC20013 		NONE PC STARS EDUCATIONAL PROGRAM 15,000

SOLAR SISTER INC

94 INTERPROMONTORY RD
GREAT FALLS,VA22066 		NONE PC GENERAL SUPPORT 40,000

TOXIC-FREE FUTURE

4649 SUNNYSIDE AVE N STE 540
SEATTLE,WA981036963 		NONE PC GENERAL SUPPORT 250

URBAN CORPS OF SAN DIEGO COUNTY

3127 JEFFERSON ST
SAN DIEGO,CA921104422 		NONE PC GENERAL SUPPORT 5,000

WHITE PONY EXPRESS

2470 BATES AVENUE SUITE D
CONCORD,CA94520 		NONE PC GENERAL SUPPORT 35,000
Total .................................right arrow 3a 255,250
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 348,365  
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 ............ 		    18 905,776  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,254,141 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,254,141
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 23,248 6,200   17,048

TY 2024 InvestmentsCorpStockSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Name of Stock End of Year Book Value End of Year Fair Market Value
3I GROUP PLC-UNSPON ADR TGOPY 20,927 20,927
ABBVIE INC ABBV 22,745 22,745
ADYEN N V ADR ADYEY 14,586 14,586
AKAMAI TECH INC AKAM 21,329 21,329
ALPHABET INC NON VOTING CAP ST 24,185 24,185
ALPHABET INC VOTING CAP STK CL 43,159 43,159
ALPHABET INC VOTING CAP STK CL 25,365 25,365
AMAZON COM INC AMZN 54,627 54,627
AMAZON COM INC AMZN 28,739 28,739
AMERICAN ELECTRIC POWER INC AE 25,178 25,178
AMETEK INC NEW AME 6,850 6,850
ANSYS INC ANSS 5,397 5,397
AON PLC SHS CL A AON 10,416 10,416
APOLLO GLOBAL MGMT INC NEW APO 10,405 10,405
APPLE INC AAPL 14,024 14,024
APPLIED MATERIALS INC AMAT 9,920 9,920
ARCH CAP GROUP LTD ACGL 16,715 16,715
ARCH CAP GROUP LTD ACGL 18,839 18,839
ARES MANAGEMENT CORP CL A ARES 14,693 14,693
ARISTA NETWORKS INC NEW ANET A 27,411 27,411
ARTHUR J GALLAGHER & CO AJG AC 10,786 10,786
ASM INTERNATIONAL N.V. ASMIY A 11,952 11,952
ASML HOLDING NV NY REGISTRY SH 15,248 15,248
ASTRAZENECA PLC SPON ADR AZN A 16,708 16,708
ATLASSIAN CORP PLC CL A 15,090 15,090
AUTODESK INC ADSK 11,527 11,527
BAE SYSTEMS PLACE BAESY 34,296 34,296
BANK OF AMERICA CORP BAC 13,229 13,229
BANKINTER SA-SPONS ADR BKNIY 21,239 21,239
BECTON DICKINSON & CO BDX 7,714 7,714
BERKLEY W R CORPORATION WRB 5,442 5,442
BERKSHIRE HATHAWAY INC SERIES 33,089 33,089
BROADCOM INC AVGO 55,642 55,642
BROOKFIELD ASST MGMT CL A LTD 9,266 9,266
BROOKFIELD CORPRATON VTG CL A 14,018 14,018
BROOKFIELD CORPRATON VTG CL A 49,867 49,867
BROOKFIELD INFRASTRUCTUR CORP 26,247 26,247
BROOKFIELD RENEWABLE CORP NEW 7,579 7,579
BROWN AND BROWN INC COM BRO 14,079 14,079
BROWN AND BROWN INC COM BRO 33,565 33,565
CACI INTL INC CLASS A CACI 15,354 15,354
CANADIAN NATURAL RESOURCES LTD 10,928 10,928
CANADIAN PACIFIC KANSAS CITY L 17,369 17,369
CARMAX INC KMX ACQUIRED NET TA 17,905 17,905
CBRE GROUP INC CLASS A CBRE 11,160 11,160
CBRE GROUP INC CLASS A CBRE 24,683 24,683
CCC INTELLIGENT SOLUTIONS HLDG 9,443 9,443
CENCORA INC COR 16,177 16,177
CIGNA CORP NEW CI 18,225 18,225
CME GROUP INC CME 17,185 17,185
COHERENT CORP COHR 26,714 26,714
COLGATE-PALMOLIVE CO CL 12,182 12,182
COMPASS GRP PLC ADR SPONSORED 19,717 19,717
COMPASS GRP PLC ADR SPONSORED 14,377 14,377
COPART INC CPRT 46,486 46,486
COSTAR GROUP INC CSGP 28,206 28,206
COSTCO WHSL CORP NEW COM COST 10,995 10,995
COTERRA ENERCOTERRA ENERGY INC 7,075 7,075
COUPANG INC CL A CPNG 15,650 15,650
CRH PLC - ORD EUR 0.32 CRH ACQ 18,411 18,411
CSX CORP CSX 7,906 7,906
DAITO TR CONSTR CO LTD SPONS A 13,673 13,673
DANAHER CORP DHR 7,346 7,346
DANAHER CORP DHR 15,839 15,839
DEERE & CO DE 5,932 5,932
DEXCOM INC DXCM 11,666 11,666
DOMINO'S PIZZA INC DPZ 17,630 17,630
EMCOR GROUP INC EME 20,426 20,426
ENTEGRIS INC ENTG 3,071 3,071
EXPERIAN PLC ADR EXPG 10,255 10,255
F5 NETWORKS INC FFIV 12,825 12,825
FAIR ISAAC INC FICO 29,864 29,864
FASTENAL CO FAST 10,715 10,715
FERGUSON ENTERPRISES INC COM F 22,391 22,391
FERRARI NV NEW RACE 24,641 24,641
FISERV INC FI 11,504 11,504
FLOOR & DECOR HOLDINGS INC CL 2,991 2,991
FLUTTER ENTERTAINMENT PLC FLUT 31,014 31,014
GARTNER INC NEW IT 22,770 22,770
GLOBAL PAYMENTS INC GPN 18,378 18,378
GODADDY INC CLASS A GDDY 31,579 31,579
GRACO INCORPORATED COM GGG 4,130 4,130
GRAINGER W W INC GWW 15,811 15,811
GRUPO FINANCIERO BANORTE SAB D 17,238 17,238
GSK PLC ADR SPONSORED ADR NEW 27,766 27,766
HCA HEALTHCARE INC HCA 11,406 11,406
HEICO CORP NEW CL A HEI/A 44,101 44,101
HILTON WORLDWIDE HOLDINGS INC 46,466 46,466
HOME DEPOT INC HD 3,890 3,890
HONDA MOTOR LTD NEW AMERICAN S 20,499 20,499
HUBBELL INC HUBB ACQUIRED NET 16,756 16,756
HYATT HOTELS CORP CLASS A H 9,105 9,105
ICICI BANK LTD SPON ADR IBN 14,811 14,811
ICON PLC ICLR ACQUIRED NET TAX 19,713 19,713
IDEXX LABORATORIES INC IDXX 6,615 6,615
INTERACTIVE BROKERS GRP IBKR A 24,910 24,910
INTUIT INC INTU 9,428 9,428
INTUIT INC INTU 15,084 15,084
INVESCO TR II ETF PFD PGX 175,314 175,314
IQVIA HLDGS INC IQV 3,930 3,930
ISHARES ETF PFD & INCOME SECS 192,413 192,413
ISHARES INC ETF ISHARES ESG AW 248,555 248,555
ISHARES TR ETF ESG AWARE US AG 306,968 306,968
ISHARES TR ETF ESG MSCI USA SM 616,705 616,705
ISHARES TR ETF ISHARES ESG AWA 433,084 433,084
ISHARES TRUST ETF ISHARES ESG 1,109,655 1,109,655
JPMORGAN CHASE & CO JPM 14,143 14,143
KB FINANCIAL GROUP INC ADR KB 18,493 18,493
KEURIG DR PEPPER INC KDP 22,966 22,966
KKR & CO INC KKR 48,958 48,958
KOMATSU LTD SPON ADR NEW KMTUY 22,047 22,047
KYNDRYL HLDGS INC KD 11,453 11,453
LAMAR ADVERTISING CO NEW CLASS 10,957 10,957
LENNAR CORPORATION CLASS A LEN 17,046 17,046
LENOVO GROUP LTD ADR LNVGY 25,003 25,003
LIBERTY MEDIA CORP DEL FORMULA 13,992 13,992
LIBERTY MEDIACORP DEL FORMULA 4,958 4,958
LINDE PLC NEW LIN 15,491 15,491
LIVE NATION ENTERTAINMENT INC 23,828 23,828
MARKEL GROUP INC MKL 25,893 25,893
MARTIN MARIETTA MATERIALS INC 23,759 23,759
MARVELL TECHNOLOGY INC MRVL 38,105 38,105
MASTERCARD INC CL A MA 23,696 23,696
MEITUAN ADR MPNGY 20,375 20,375
MERCADOLIBRE INC MELI 11,903 11,903
MGIC INVESTMENT CORP WIS MTG A 33,858 33,858
MICROCHIP TECHNOLOGY INC MCHP 10,495 10,495
MICROSOFT CORP MSFT 42,150 42,150
MICROSOFT CORP MSFT 27,398 27,398
MICROSOFT CORP MSFT 23,183 23,183
MITSUBISHI HEAVY ADR INDS LTD 18,914 18,914
MONDAY COM LTD MNDY 13,185 13,185
MOODY'S CORP MCO 7,101 7,101
MSCI INC MSCI ACQUIRED NET TAX 20,400 20,400
NATIONAL GRID PLC ADR SPONSORE 8,556 8,556
NOVO NORDISK A S ADR NVO 27,354 27,354
NU HOLDINGS LTD ORD CL A NU 10,795 10,795
NVIDIA CORP NVDA 19,741 19,741
NXP SEMICONDUCTORS NV NXPI 8,522 8,522
ONEOK INC NEW OKE 21,787 21,787
ORACLE CORPORATION ORCL 22,996 22,996
O'REILLY AUTOMOTIVE INC ORLY A 41,503 41,503
OTIS WORLDWIDE CORP OTIS ACQUI 7,409 7,409
PERIMETER SOLUTIONS INC PRM 3,911 3,911
PHILIP MORRIS INTERNATIONAL IN 39,595 39,595
PROCORE TECHNOLOGIES INC PCOR 5,545 5,545
PROGRESSIVE CORP OHIO PGR 21,565 21,565
PROGRESSIVE CORP OHIO PGR 10,303 10,303
PUBLICIS GROUP - S A NEW SPONS 37,540 37,540
REXEL SA ADR RXEEY ACQUIRED NE 19,093 19,093
ROCHE HOLDINGS LTD ADR RHHBY 7,674 7,674
ROLLS ROYCE HOLDING PLC SPONSO 19,557 19,557
ROPER TECHNOLOGIES INC ROP 23,913 23,913
ROSS STORES INC (CALIF) ROST A 6,202 6,202
RYAN SPECIALTY HOLDINGS INC CL 2,887 2,887
S&P GLOBAL INC SPGI 11,455 11,455
SAFRAN SA-UNSPON ADR SAFRY 25,343 25,343
SAP SE-SPONSORED ADR SAP 24,621 24,621
SBA COMMUNICATIONS CORP NEW CL 3,261 3,261
SCHNEIDER SE-AD ELECTRIC SBGSY 15,488 15,488
SCHWAB CHARLES CORP NEW SCHW 15,690 15,690
SEA LTD UNSPON ADR SE 25,888 25,888
SHERWIN WILLIAMS CO SHW 9,518 9,518
SIEMENS A G - ADR SIEGY 11,988 11,988
SIEMENS ENERGY AG ADR SMNEY 17,102 17,102
SOUTH ST CORP SSB 23,179 23,179
SPDR BLOOMBERG ETF SHORT TERM 156,803 156,803
SPDR GOLD TRUST ETF GLD 438,982 438,982
SPDR PORTFOLIO ETF INTERMEDIAT 478,918 478,918
SPOTIFY TECHNOLOGY S A SPOT 23,711 23,711
STERIS PLC ORD SHS STE 15,211 15,211
TAIWAN SEMICONDUCTOR MFG CO LT 79,983 79,983
TAKE-TWO INTERACTIVE SOFTWARE 19,697 19,697
TAPESTRY INC TPR 41,158 41,158
TEVA PHARMACEUTICAL ADR INDS L 35,551 35,551
TEXAS INSTRUMENTS INC TXN 15,751 15,751
T-MOBILE US INC TMUS 16,334 16,334
TRANSDIGM GROUP INC TDG 48,157 48,157
TYLER TECHNOLOGIES INC TYL 19,606 19,606
UBS GROUP AG UBS 13,310 13,310
UNILEVER PLC SPONS ADR UL 16,727 16,727
UNITED RENTALS INC URI 10,567 10,567
UNITEDHEALTH GROUP INC UNH 21,752 21,752
UNITEDHEALTH GROUP INC UNH 23,270 23,270
VAIL RESORTS INC MTN 8,248 8,248
VANGUARD DIVIDEND ETF APPRECIA 336,632 336,632
VANGUARD INDEX FDS ETF S&P 500 1,122,880 1,122,880
VANGUARD MID CAP ETF VO 720,283 720,283
VEEVA SYSTEMS INC CL A VEEV 17,030 17,030
VERALTO CORPORATION VLTO 2,444 2,444
VERISIGN INC VRSN 3,104 3,104
VERISK ANALYTICS INC VRSK 5,509 5,509
VERISK ANALYTICS INC VRSK 6,886 6,886
VERIZON COMMUNICATIONS COM VZ 20,075 20,075
VESTAS WIND SYSTEMS UNSPONS AD 3,017 3,017
VISA INC CLASS A V ACQUIRED NE 22,123 22,123
VULCAN MATERIALS COMPANY VMC A 34,983 34,983
WASTE CONNECTIONS INC WCN 18,874 18,874
WATERS CORPORATION WAT 7,420 7,420
WESTERN ALLIANCE BANCORP WAL A 31,160 31,160
WIX.COM LTD WIX ACQUIRED NET T 5,149 5,149

TY 2024 InvestmentsGovtObligationsSch
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
US Government Securities - End of Year Book Value:

6,928
US Government Securities - End of Year Fair Market Value:

6,928
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AB SUSTAINABLE GLOBAL THERMATI FMV 389,266 389,266
ABBEY CAPITAL MULTI-MNGR FUND FMV 780,615 780,615
AMERICAN FUNDS THE BOND FUND O FMV 422,788 422,788
CANYON BALANCED ASP FUND CLASS FMV 636,493 636,493
CARLYLE REALTY PARTNERS VIII A FMV 227,660 227,660
FIDELITY FUNDS FIDELITY TREASU FMV 17,721 17,721
GUGGENHEIM FDS TR LTD DURATION FMV 427,536 427,536
JPMORGAN HEDGED EQUITY 2 FD CL FMV 247,278 247,278
JPMORGAN TR II LARGE CAP GROWT FMV 1,060,315 1,060,315
MFS INTERNATIONAL DIVERSIFICAT FMV 133,205 133,205
MILLBURN MULTI-MARKETS FUND LP FMV 531,853 531,853
MILLENNIUM INTL HEDGEFCS FD LT FMV 345,414 345,414
PARNASSUS CORE EQUITY FUND INS FMV 750,733 750,733
PB STRATEGIC PARTNERS OFFSHORE FMV 77,966 77,966
PIMCO TOAL RETURN ESG FUND CLA FMV 319,553 319,553
PRINCIPAL FDS INC HIGH YIELD F FMV 114,262 114,262
RIVERSIDE CAPITAL APPRECIATION FMV 467,566 467,566
SMEAD FDS TR VALUED FD INSTL C FMV 799,416 799,416

TY 2024 LegalFeesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 5,715 0   5,715


TY 2024 OtherExpensesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & MEMBERSHIP 6,288 0   6,288
INTERNET 2,899 0   2,899
FILING FEES 175 0   175
OTHER DEDUCTIONS FROM K-1S 5,347 5,347   0
PAYROLL FEE 1,228 0   1,228
PENSION ADMIN FEES 1,441 0   1,441
PORTFOLIO DEDUCTIONS 50,603 50,603   0
POSTAGE 182 0   182
SOFTWARE 36,658 0   36,658
SUPPLIES 60 0   60
TRAINING 4,040 0   4,040
MISCELLANEOUS 37 0   37


TY 2024 OtherIncreasesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Description Amount
NET UNREALIZED GAINS OR LOSSES ON INVESTMENTS 991,804


TY 2024 OtherProfessionalFeesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 173,086 173,086   0
OTHER PROFESSIONAL FEES 11,937 0   11,937


TY 2024 TaxesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 5,638 5,638   0
FEDERAL TAX 3,474 0   0