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
WILLIAM S ABELL FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2 WISCONSIN CIRCLE 700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHEVY CHASE, MD208157033
A Employer identification number

52-1435573
B Telephone number (see instructions)

(240) 835-1831
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$77,718,218J Accounting method:
Modified Cash
(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 10,096 10,096  
4 Dividends and interest from securities... 366,642 512,992  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,116,131
b Gross sales price for all assets on line 6a 14,840,618
7 Capital gain net income (from Part IV, line 2)... 1,151,355
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
74,111 72,612  
12 Total. Add lines 1 through 11........ 1,566,980 1,747,055  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 215,209 21,521   193,688
14 Other employee salaries and wages...... 153,890 0   153,930
15 Pension plans, employee benefits....... 60,964 6,096   54,868
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
67,687 31,243   31,244
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
278,535 383,516   11,921
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...   1,239    
19 Depreciation (attach schedule) and depletion... 2,651 0  
20 Occupancy.............. 40,699 0   48,167
21 Travel, conferences, and meetings....... 2,096 0   2,096
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
29,443 11,849   33,519
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 851,174 455,464   529,433
25 Contributions, gifts, grants paid....... 2,707,500 2,762,500
26 Total expenses and disbursements. Add lines 24 and 25 3,558,674 455,464   3,291,933
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,991,694
b Net investment income (if negative, enter -0-) 1,291,591
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............. 374,340 155,197 155,197
2 Savings and temporary cash investments......... 2,336,109 135,161 135,161
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 916,011 Click to see attachment
List of Attached Documents:
// Content
1,057,492 		1,057,492
b Investments—corporate stock (attach schedule)....... 11,693,511 Click to see attachment
List of Attached Documents:
// Content
15,097,162 		15,097,162
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow121,143
Less: accumulated depreciation (attach schedule) right arrow121,143 2,651    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 57,802,433 Click to see attachment
List of Attached Documents:
// Content
60,762,675 		60,762,675
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
510,531 		Click to see attachment
List of Attached Documents:
// Content
510,531 		Click to see attachment
List of Attached Documents:
// Content
510,531
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 73,635,586 77,718,218 77,718,218
Liabilities 17 Accounts payable and accrued expenses.......... 80,000 84,306
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)......... 80,000 84,306
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........... 73,555,586 77,633,912
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 73,555,586 77,633,912
30 Total liabilities and net assets/fund balances (see instructions). 73,635,586 77,718,218
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
73,555,586
2
Enter amount from Part I, line 27a .....................
2
-1,991,694
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,070,020
4
Add lines 1, 2, and 3 ..........................
4
77,633,912
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
77,633,912
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 US BANK INVESTMENTS P    
b PARTNERSHIP INVESTMENT K-1 ST P    
c PARTNERSHIP INVESTMENT K-1 ST P    
d CAPITAL GAINS DIVIDENDS 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 14,805,137   13,689,263 1,115,874
b 16,083     16,083
c 19,141     19,141
d 257     257
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,115,874
b       16,083
c       19,141
d       257
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 1,151,355
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 17,953
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 17,953
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 17,953
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 53,359
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 53,359
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 35,406
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow35,406 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowCA, MD
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 arrowWILLIAMSABELLFOUNDATION.ORG
14
The books are in care ofright arrowJANET MILLER Telephone no.right arrow (240) 835-1831

Located atright arrow2 WISCONSIN CIRCLE 700CHEVY CHASEMD ZIP+4right arrow208157033
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
ARYN CASTLE TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
CHRISTINA CASTLE PRESIDENT
5.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
CINDY WORK ABELL TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
CLEO SCHNEIDER TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
ELEANOR NURMI VICE PRESIDENT
8.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
ELIZABETH SITES TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
GREG ABELL TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
JAMISON SITES TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
JANET R MILLER EXECUTIVE DIRECTOR
40.00 		215,209 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
JENNIFER SHOOP TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
JESSICA GANJAMIE TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
KELLEY ABELL CHAIR
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
KEVIN O'C ABELL TRUSTEE
5.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
LANDON SHOOP TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
MAY KATHRYN NOLAN TRUSTEE
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
MIKE NOLAN TREASURER
1.00 		0 0 0
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
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
INTERNATIONAL PHILANTHROPY LLC CONSULTING 78,091
4801 HAMPDEN LANE UNIT 106
BETHESDA,MD20814
FLEX PROFESSIONALS STAFFING SERVICES 75,698
10300 EATON PLACE SUITE 440
FAIRFAX,VA22030
MARCUM LLP ACCOUNTING SERVICES 64,059
1899 L STREET SUITE 850
WASHINGTON,DC20036
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
76,989,730
b
Average of monthly cash balances.......................
1b
383,159
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
77,372,889
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
77,372,889
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,160,593
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
76,212,296
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,810,615
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
3,810,615
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
17,953
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
17,953
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,792,662
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,792,662
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
3,792,662
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
3,291,933
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
2,651
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
3,294,584
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 3,792,662
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......  
b From 2020...... 253,799
c From 2021......  
d From 2022...... 428,172
e From 2023...... 125,817
f Total of lines 3a through e ........ 807,788
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,294,584
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..... 3,294,584
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 498,078 498,078
(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 5 309,710
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) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		309,710
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 183,893
d Excess from 2023.... 125,817
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
JANET MILLER EXECUTIVE DIRECTOR
2 WISCONSIN CIRCLE SUITE 700
CHEVY CHASE,MD208157033
(240) 835-1831
bThe form in which applications should be submitted and information and materials they should include:
THE BOARD APPROVES GRANTS ON A CASE BY CASE BASIS AFTER REVIEWING INFORMATION SUBMITTED BY APPLICANTS.
cAny submission deadlines:
THE FOUNDATION HAS ADOPTED A TWO CYCLE PER YEAR FUNDING PROGRAM.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
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

A WIDER CIRCLE INC

9159 BROOKVILLE ROAD
SILVER SPRING,MD20910 		  PUBLIC CHARITY HOMELESS GRANT & HOMELESSNESS GRANT 75,000

AMERICAN MUSLIM SENIOR SOCIETY

15124 MIDDLEGATE ROAD
SILVER SPRING,MD20905 		  PUBLIC CHARITY HUNGRY GRANT 35,000

ARCADIA CENTER

9000 RICHMOND HIGHWAY
ALEXANDRIA,VA22309 		  PUBLIC CHARITY HUNGRY GRANT 30,300

ART ENABLES

2204 RHODE ISLAND AVE NE
WASHINGTON,DC20018 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 26,000

ARTSTREAM INC

402 KING FARM BOULEVARD
ROCKVILLE,MD20850 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 31,000

ASIAN PACIFIC AMERICAN LEGAL RESOURCE

1627 K STREET SUITE 610
WASHINGTON,DC20006 		  PUBLIC CHARITY ABUSED WOMEN & CHILDREN GRANT 26,000

BARKER FOUNDATION INC

7979 OLD GEORGETOWN ROAD SUITE 100
BETHESDA,MD20814 		  PUBLIC CHARITY NEEDY PREGNANT WOMEN GRANT 25,000

BEST BUDDIES INTERNATIONAL INC

101 NORTH HAVEN STREET SUITE 205
BALTIMORE,MD21224 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 25,000

BISHOP JOHN T WALKER SCHOOL FOR BOYS

1801 MISSISSIPPI AVENUE SE
WASHINGTON,DC20020 		  PUBLIC CHARITY HUNGRY GRANT 25,000

BRIGHT BEGINNINGS INC

3418 4TH STREET SE
WASHINGTON,DC20032 		  PUBLIC CHARITY HOMELESS GRANT 25,000

BROOKLYN BOTANIC GARDEN CORPORATION

1000 WASHINGTON AVENUE
BROOKLYN,NY11225 		  PUBLIC CHARITY HOMELESSNESS GRANT 5,000

BUILDING BRIDGES ACROSS THE RIVER

1901 MISSISSIPPI AVE SE
WASHINGTON,DC20020 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

CAPITAL AREA FOOD BANK

4900 PUERTO RICO AVENUE NE
WASHINGTON,DC20017 		  PUBLIC CHARITY HUNGRY GRANT 125,000

CATHOLIC CHARITIES OF THE ARCHDIOCESE OF WASHINGTON INC

924 G STREET NW
WASHINGTON,DC20001 		  PUBLIC CHARITY HUNGRY GRANT & HOMELESS GRANT 75,000

CATHOLIC COALITION FOR SPECIAL EDUCATION

3750 UNIVERSITY BOULEVARD WEST
SUITE 203
KENSINGTON,MD20895 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 25,000

CHANGING PERCEPTIONS

200 MASSACHUSETTS AVENUE NW SUITE
700
WASHINGTON,DC20001 		  PUBLIC CHARITY HOMELESSNESS GRANT 50,000

CHRIST CHILD SOCIETY

5101 WISCONSIN AVE NW 102
WASHINGTON,DC20016 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT & HOMELESS GRANT & ABUSED WOMEN AND CHILDREN GRANT & NEEDY PREGNANT WOMEN GRANT 40,000

CHRIST HOUSE

1717 COLUMBIA ROAD NW
WASHINGTON,DC20009 		  PUBLIC CHARITY HOMELESS GRANT 25,000

CITY DANCE ENSEMBLE INC

4000 ALBERMARIE STREET NW SUITE 304
WASHINGTON,DC20016 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

COMMUNITY ADVOCATES FOR FAMILY & YOUTH

1300 CARAWAY COURT SUITE 205
LARGO,MD20774 		  PUBLIC CHARITY ABUSED WOMEN & CHILDREN GRANT 25,000

COMMUNITY FAMILY LIFE SERVICES INC

305 E STREET NW
WASHINGTON,DC20001 		  PUBLIC CHARITY HOMELESS GRANT 25,000

COURT APPOINTED SPECIAL ADVOCATE

6811 KENILWORTH AVE SUITE 402
RIVERDALE,MD20737 		  PUBLIC CHARITY ABUSED WOMEN & CHILDREN GRANT 25,000

CROSSROADS COMMUNITY FOOD NETWORK INC

6930 CARROLL AVENUE SUITE 426
TAKOMA PARK,MD20912 		  PUBLIC CHARITY HUNGRY GRANT 25,000

DC AFFORDABLE LAW FIRM

1717 K STREET NW
WASHINGTON,DC20006 		  PUBLIC CHARITY ABUSED WOMEN & CHILDREN GRANT 25,000

DC CENTRAL KITCHEN INC

2121 1ST STREET SW
WASHINGTON,DC20024 		  PUBLIC CHARITY HOMELESS GRANT 25,000

END HUNGER IN CALVERT COUNTY INC

PO BOX 758
HUNTINGTOWN,MD20639 		  PUBLIC CHARITY HUNGRY GRANT 25,000

EVERYMIND INC

1000 TWINBROOK PARKWAY
ROCKVILLE,MD20851 		  PUBLIC CHARITY HOMELESS GRANT 25,000

FARMING 4 HUNGER INC

2015 OLIVER DR
PRINCE FREDERICK,MD20678 		  PUBLIC CHARITY HUNGRY GRANT 50,000

FOOD & FRIENDS

219 RIGGS ROAD NE
WASHINGTON,DC20011 		  PUBLIC CHARITY HUNGRY GRANT 25,000

FRIENDS OF COMPASS INC

1720 N STREET NW
WASHINGTON,DC20036 		  PUBLIC CHARITY HOMELESS GRANT 25,000

GEORGETOWN MINISTRY CENTER

1041 WISCONSIN AVE NW
WASHINGTON,DC20007 		  PUBLIC CHARITY HOMELESS GRANT 25,000

GERMANTOWN CULTURAL ARTS CENTER INC

12901 TOWN COMMONS DRIVE
GERMANTOWN,MD20874 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

GREATER DC DIAPER BANK

1532 A STREET NE
WASHINGTON,DC20002 		  PUBLIC CHARITY NEEDY PREGNANT WOMEN GRANT 25,000

HEALTHY BABIES PROJECT INC

4501 GRANT ST NE
WASHINGTON,DC20019 		  PUBLIC CHARITY NEEDY PREGNANT WOMEN GRANT 25,000

HELP DEVELOPMENT CORP

115 E 13TH STREET
NEW YORK,NY10003 		  PUBLIC CHARITY HOMELESSNESS GRANT 60,000

HOPE AND A HOME

1236 COLUMBIA ROAD NW
WASHINGTON,DC20009 		  PUBLIC CHARITY HOMELESS GRANT 25,000

HOUSE OF RUTH

5 THOMAS CIRCLE NW
WASHINGTON,DC20005 		  PUBLIC CHARITY HOMELESS GRANT 25,000

INTERNATIONAL OCD FOUNDATION INC

55 COURT STREET
BOSTON,MA02108 		  PUBLIC CHARITY HOMELESSNESS GRANT 5,000

JUBILEE ASSOCIATION OF MARYLAND

10408 MONTGOMERY AVE
KENSINGTON,MD20895 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 225,000

JUBILEE JOBS INC

2712 ONTARIO ROAD NW
WASHINGTON,DC20009 		  PUBLIC CHARITY HOMELESS GRANT 25,000

KEEN GREATER DC LLC

2004 DUNDEE ROAD
ROCKVILLE,MD20850 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 25,000

L'ARCHE INC

1840 COLUMBIA ROAD NW
WASHINGTON,DC20009 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 40,800

LIFESTYLES OF MARYLAND FOUNDATION INC

6445 TIP HILL DRIVE
LA PLATA,MD20646 		  PUBLIC CHARITY HOMELESS GRANT 28,100

MAKOM

1500 EAST JEFFERSON STREET
ROCKVILLE,MD20852 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 25,000

MAMATOTO VILLAGE INC

311 47TH STREET NE
WASHINGTON,DC20019 		  PUBLIC CHARITY NEEDY PREGNANT WOMEN GRANT 100,000

MARY HOUSE INC

4303 13TH STREET NE
WASHINGTON,DC20017 		  PUBLIC CHARITY HOMELESS GRANT 35,000

MARYLAND COMMUNITY CONNECTION

4401 NICOLE DRIVE
LANHAM,MD20706 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 25,000

MARYLAND FOOD BANK

2200 HALETHORPE FARMS
BALTIMORE,MD21227 		  PUBLIC CHARITY HUNGRY GRANT 25,000

MARYLAND YOUTH BALLET

926 ELLSWORTH DRIVE
SILVER SPRING,MD20910 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

MONTGOMERY COUNTY COALITION FOR HOMELESS

405 EAST GUDE DRIVE
ROCKVILLE,MD20850 		  PUBLIC CHARITY HOMELESS GRANT 25,000

MY SISTER'S PLACE INC

1828 COLUMBIA ROAD NW
WASHINGTON,DC20009 		  PUBLIC CHARITY ABUSED WOMEN & CHILDREN GRANT 25,000

N STREET VILLAGE INC

1333 N STREET NW
WASHINGTON,DC20005 		  PUBLIC CHARITY HOMELESS GRANT 25,000

NATIONAL IMMIGRANT WOMEN'S ADVOCACY PROJECT

5610 MCKINLEY STREET
BETHESDA,MD20817 		  PUBLIC CHARITY ABUSED WOMEN & CHILDREN GRANT 25,000

NOURISH NOW INC

397 EAST GUDE DRIVE
ROCKVILLE,MD20850 		  PUBLIC CHARITY HUNGRY GRANT 25,000

OLNEY THEATRE CORPORATION

2001 OLNEY SANDY SPRING ROAD
OLNEY,MD20832 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

OPEN CITY ADVOCATES

4202 BENNING ROAD NE
WASHINGTON,DC20019 		  PUBLIC CHARITY HOMELESS GRANT 26,000

PATHWAY HOMES INC

10201 FAIRFAX BOULEVARD
FAIRFAX,VA22030 		  PUBLIC CHARITY HOMELESS GRANT & HOMELESSNESS GRANT 150,000

PATHWAYS TO HOUSING DC

1151 BLADENSBURG ROAD NE
WASHINGTON,DC20002 		  PUBLIC CHARITY HOMELESS GRANT 25,000

POTOMAC COMMUNITY RESOURCES INC

9200 KENTSDALE DRIVE
POTOMAC,MD20854 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 75,000

PREGNANCY AID CENTERS INC

4700 ERIE STREET
COLLEGE PARK,MD20740 		  PUBLIC CHARITY NEEDY PREGNANT WOMEN GRANT 25,000

RED LINE PARKWAY INITIATIVE

4016 MAPLEWOOD AVENUE
AUSTIN,TX78722 		  PUBLIC CHARITY HOMELESSNESS GRANT 5,000

ROSEMOUNT CENTER

2000 ROSEMOUNT AVENUE NW
WASHINGTON,DC20010 		  PUBLIC CHARITY NEEDY PREGNANT WOMEN GRANT 30,300

ROUND HOUSE THEATRE INC

4545 EAST-WEST HIGHWAY
BETHESDA,MD20814 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

SAN MIGUEL SCHOOL INC

7705 GEORGIA AVE NW
WASHINGTON,DC20012 		  PUBLIC CHARITY HUNGRY GRANT 25,000

SEEC CORPORATION

8905 FAIRVIEW ROAD
SILVER SPRING,MD20910 		  PUBLIC CHARITY INTELLECTUAL DISABILITIES GRANT 25,000

SIGNATURE THEATRE INC

4200 CAMPBELL AVE
ARLINGTON,VA22206 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

SITAR ARTS CENTER

1700 KALORAMA ROAD
WASHINGTON,DC20009 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

SMILE ECUMENICAL MINISTRIES INC

10290 H G TRUEMAN ROAD
LUSBY,MD20657 		  PUBLIC CHARITY HUNGRY GRANT 25,000

SOCIAL GOOD FUND

1640 COLUMBIA ROAD NW
WASHINGTON,DC20009 		  PUBLIC CHARITY HOMELESS GRANT 75,000

ST ANNS CENTER CHILDREN YOUTH FAMILIES

4901 EASTERN AVENUE
HYATTSVILLE,MD20782 		  PUBLIC CHARITY NEEDY PREGNANT WOMEN GRANT 25,000

ST JOHN VIANNEY INTER-FAITH FOOD PANTRY

105 VIANNEY LANE
PRINCE FREDERICK,MD20678 		  PUBLIC CHARITY HUNGRY GRANT 25,000

STEPPING STONES SHELTER INC

1070 COPPERSTONE COURT
ROCKVILLE,MD20852 		  PUBLIC CHARITY HOMELESS GRANT 26,500

STONE RIDGE SCHOOL OF THE SACRED HEART

9101 ROCKVILLE PIKE
BETHESDA,MD20814 		  PUBLIC CHARITY HOMELESSNESS GRANT 5,000

STUDIO THEATRE INC

1501 14TH STREET NW
WASHINGTON,DC20005 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

THE FAMILY PLACE INCORPORATED

3309 16TH STREET NW
WASHINGTON,DC20010 		  PUBLIC CHARITY ABUSED WOMEN & CHILDREN GRANT 25,000

THE GABRIEL PROJECT INC

2137 DEFENSE HIGHWAY
CROFTON,MD21114 		  PUBLIC CHARITY NEEDY PREGNANT WOMEN GRANT 2,500

THE LAMB CENTER

3160 CAMPBELL DRIVE
FAIRFAX,VA22031 		  PUBLIC CHARITY HOMELESSNESS GRANT 5,000

WASHINGTON DRAMA SOCIETY INC

1101 6TH STREET SW
WASHINGTON,DC20024 		  PUBLIC CHARITY MARGARET ABELL POWELL FUND GRANT 25,000

WASHINGTON JESUIT ACADEMY

900 VARNUM STREET NE
WASHINGTON,DC20017 		  PUBLIC CHARITY HUNGRY GRANT 25,000

WE ARE FAMILY SENIOR OUTREACH NETWORK INC

1380 MONROE STREET NW
WASHINGTON,DC20010 		  PUBLIC CHARITY HUNGRY GRANT 25,000

WOMEN'S CENTER

133 PARK STREET NE
VIENNA,VA22180 		  PUBLIC CHARITY ABUSED WOMEN & CHILDREN GRANT 25,000
Total .................................right arrow 3a 2,762,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 10,096  
4 Dividends and interest from securities ....     14 366,642  
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 1,116,131  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    01 41,911  
bSUBLEASE INCOME     16 32,200  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,566,980 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,566,980
(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:
WILLIAM S ABELL FOUNDATION INC
EIN:
52-1435573
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 67,687 31,243   31,244

TY 2024 InvestmentsCorpStockSchedule
Name:
WILLIAM S ABELL FOUNDATION INC
EIN:
52-1435573
Name of Stock End of Year Book Value End of Year Fair Market Value
US BANK DOMESTIC AND FOREIGN STOCKS #6494 5,093,058 5,093,058
US BANK DOMESTIC AND FOREIGN STOCKS #6495 3,846,795 3,846,795
US BANK FOREIGN STOCKS #6493 6,157,309 6,157,309

TY 2024 InvestmentsGovtObligationsSch
Name:
WILLIAM S ABELL FOUNDATION INC
EIN:
52-1435573
US Government Securities - End of Year Book Value:

1,057,492
US Government Securities - End of Year Fair Market Value:

1,057,492
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:
WILLIAM S ABELL FOUNDATION INC
EIN:
52-1435573
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BENEFIT STREET PARTNERS IV OFFSHORE LP FMV 392,790 392,790
BENEFIT STREET PARTNERS IV OFFSHORE LP #6492 FMV 397,190 397,190
CARLYLE REALTY PARTNERS VIII LP FMV 217,717 217,717
CARLYLE REALTY PARTNERS VIII LP #6492 FMV 217,932 217,932
CLAYTON DUBILIER RICE FD IX OFFSHORE FMV 313,789 313,789
CLAYTON DUBILIER RICE FD IX OFFSHORE #6492 FMV 318,703 318,703
GSO PRIVATE INVESTORS OFFSHORE II LP FMV 68,205 68,205
GSO PRIVATE INVESTORS OFFSHORE II LP #6492 FMV 68,205 68,205
L CAPITAL ASIA II OFFSHORE LP #6492 FMV 126,325 126,325
L CAPITAL ASIA OFFSHORE LP FMV 109,279 109,279
MERCER GLOBAL OPPORTUNITIES LTD #6490 FMV 1,210,931 1,210,931
MERCER HEDGE FUND INVESTORS SP-1 #6490 FMV 7,966,186 7,966,186
MERCER PRIVATE INV PART VI LP K-1 #6490 FMV 4,098,339 4,098,339
MERCER PRIVATE INV PART VII LP K-1 #6490 FMV 2,556,822 2,556,822
MEZZANINE PRIVATE INV III OFFSHORE FMV 418,366 418,366
MEZZANINE PRIVATE INV III OFFSHORE #6492 FMV 420,525 420,525
PEG DIGITAL GROWTH FUND OFFSHORE SPECIAL II LP FMV 24,915 24,915
PEG DIGITAL GROWTH FUND OFFSHORE SPECIAL II LP #6492 FMV 24,915 24,915
RIVERSTONE GLOBAL ENERGY AND POWER PRIVATE INVESTORS LP FMV 14,568 14,568
RIVERSTONE GLOBAL ENERGY AND POWER PRIVATE INVESTORS LP #6492 FMV 15,611 15,611
SILVER LAKE PARTNERS IV LP FMV 709,688 709,688
SILVER LAKE PARTNERS IV LP #6492 FMV 765,939 765,939
SLP V PRIVATE INVESTORS OFFSHORE LP #6490 FMV 523,203 523,203
SLP V PRIVATE INVESTORS OFFSHORE LP #6492 FMV 526,048 526,048
SSGA SOCIALLY RESPONSIBLE US CREDIT KILTEARN GLOBAL #6490 FMV 5,419,169 5,419,169
STARWOOD SOF X PRIVATE INVESTORS OFFSHORE LP #6490 FMV 64,730 64,730
STARWOOD SOF X PRIVATE INVESTORS OFFSHORE LP #6492 FMV 70,500 70,500
STRATEGIC PRIVATE EQUITY FUND II LP K-1 #6497 FMV 47,462 47,462
STRATEGIC PRIVATE EQUITY FUND III LP K-1 #6497 FMV 16,199 16,199
STRATEGIC S&P 500 FUND #6490 FMV 27,309,933 27,309,933
THOR URBAN PROPERTY FUND #6497 FMV 132,701 132,701
US BANK MUTUAL FUNDS #6490 FMV 5,107,691 5,107,691
VINTAGE 2015 PRIVATE INVESTMENTS OFFSHORE FMV 348,531 348,531
VINTAGE 2015 PRIVATE INVESTMENTS OFFSHORE #6492 FMV 349,949 349,949
WARBURG PINCUS ENERGY PRIVATE INVESTORS OFFSHORE FMV 177,895 177,895
WARBURG PINCUS ENERGY PRIVATE INVESTORS OFFSHORE #6492 FMV 208,497 208,497
WELLINGTON ENDURING ASSETS CTF FUND #6490 FMV 3,227 3,227

TY 2024 OtherAssetsSchedule
Name:
WILLIAM S ABELL FOUNDATION INC
EIN:
52-1435573
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSITS 9,562 9,562 9,562
JUSTICE HOUSING PARTNERS INVESTMENT 500,000 500,000 500,000
CREDIT CARD 969 969 969


TY 2024 OtherExpensesSchedule
Name:
WILLIAM S ABELL FOUNDATION INC
EIN:
52-1435573
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 5,066 2,447   2,619
TELEPHONE 1,218 588   630
OFFICE EXPENSE 5,954 0   6,027
PAYROLL FEES 3,400 1,642   1,758
BANK FEES 570 570   0
COMPUTER SERVICE & MAINTENANCE 3,229 0   15,469
DUES AND SUBSCRIPTIONS 5,536 0   4,705
MISCELLANEOUS EXPENSES 4,470 2,159   2,311
PARTNERSHIP INVESTMENT K-1 OTHER LOSS 0 4,443   0


TY 2024 OtherIncomeSchedule2
Name:
WILLIAM S ABELL FOUNDATION INC
EIN:
52-1435573
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INVESTMENTS K-1   30,701  
OTHER INCOME 41,911 41,911 41,911
SUBLEASE INCOME 32,200   32,200


TY 2024 OtherIncreasesSchedule
Name:
WILLIAM S ABELL FOUNDATION INC
EIN:
52-1435573
Description Amount
UNREALIZED GAINS ON INVESTMENTS 6,070,020


TY 2024 OtherProfessionalFeesSchedule
Name:
WILLIAM S ABELL FOUNDATION INC
EIN:
52-1435573
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GRANT CONSULTING 11,921 0   11,921
PARTNERSHIP INVESTMENT K-1 EXPENSES 0 116,902   0
INVESTMENT FEES 266,614 266,614   0