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
THE WALSH FOUNDATION
C/O MJMS FAMILY OFFICE SERVICES LLC
Number and street (or P.O. box number if mail is not delivered to street address)190 S LASALLE ST 1700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

36-3994447
B Telephone number (see instructions)

(312) 346-4101
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$252,292,024J 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 112,001 112,001  
4 Dividends and interest from securities... 4,655,751 4,655,751  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,076,642
b Gross sales price for all assets on line 6a 74,295,588
7 Capital gain net income (from Part IV, line 2)... 12,076,642
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
45,134 45,134  
12 Total. Add lines 1 through 11........ 16,889,528 16,889,528  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
393,872 177,822   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,168,546 1,168,546   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,562,418 1,346,368   0
25 Contributions, gifts, grants paid....... 11,718,977 11,718,977
26 Total expenses and disbursements. Add lines 24 and 25 13,281,395 1,346,368   11,718,977
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,608,133
b Net investment income (if negative, enter -0-) 15,543,160
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............. 6    
2 Savings and temporary cash investments......... 20,284,584 10,063,736 10,063,740
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 arrow8,952,399
Less: allowance for doubtful accounts right arrow0 8,952,399 8,952,399 8,952,399
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   51,478 51,478
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 46,128,099 Click to see attachment
List of Attached Documents:
// Content
53,156,372 		53,246,124
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).......... 107,452,364 Click to see attachment
List of Attached Documents:
// Content
114,194,128 		179,978,283
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) 182,817,452 186,418,113 252,292,024
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,472 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 7,472 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 182,809,980 186,418,113
29 Total net assets or fund balances (see instructions)..... 182,809,980 186,418,113
30 Total liabilities and net assets/fund balances (see instructions). 182,817,452 186,418,113
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
182,809,980
2
Enter amount from Part I, line 27a .....................
2
3,608,133
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
186,418,113
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
186,418,113
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 BDT PARTNERS FUND II - LTCG      
b BDT PARTNERS FUND II - STCG      
c GS-BUY WRITE-STCG      
d GS-GANNETT, WELSH & KOTLER-STCG      
e GS-CORP FI-STCG      
GS- CORP FI- ORD      
GS-CORP FI-LTCG      
GS-GANNETT, WELSH & KOTLER-LTCG      
GS-INDEX ORIENTED STRATEGY-LTCG      
GS-INDEX ORIENTED STRATEGY-STCG P    
GS-VAUGHAN NELSON-LTCG      
GS-VAUGHAN NELSON-STCG      
GS-NEUBERGER BERMAN-LTCG      
GS-NEUBERGER BERMAN-STCG      
GS GLOBAL LONG SHORT PARTNERS-LTCG      
MOUNT KELLETT-LTCG/L      
PETERSHILL PRIVATE EQUITY OFFSHORE LP      
GS-PRIVATE EQUITY MANGERS 2015      
SLR PRIVATE CREDIT II (BDC) ACCESS LP-LTCG      
VINTAGE VII AIV OFFSHORE SCSP-LTCG      
VINTAGE VII OFFSHORE SCSP-LTCG      
VINTAGE VI OFFSHORE-LTCG      
WEST STREET ENERGY PARTNERS AIV-1-LTCL      
WEST STREET CAPITAL PARTNERS VII - PARALLEL-LTCL      
GS-S&P GIVI-LTCG      
GS-S&P GIVI-STCG      
GS-WCM-LTCG      
GS-WCM-STCG      
ROCK ISLAND CAPITAL-LTCG      
NB PRIVATE MARKET III - LTCG      
BLAIR-CPG BLACKSTONE - LTCG      
BLAIR-CPG BLACKSTONE - STCG      
BLAIR-CPG BLACKSTONE - STCG      
BLAIR-CPG BLACKSTONE - LTCG      
BANK OF AMERICA - LTCG      
BANK OF AMERICA - STCG      
SLR PRIVATE CREDIT II (BDC) ACCESS LP-STCG      
COST BASIS ADJUSTMENTS      
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 34,456     34,456
b 1,354     1,354
c 1,385,067   1,478,692 -93,625
d 411,752   386,591 25,161
e 654,203   651,555 2,648
208,164   194,753 13,411
14,964,118   15,307,067 -342,949
1,213,466   1,051,325 162,141
7,629,821   6,628,800 1,001,021
113,397   101,648 11,749
3,616,916   2,803,598 813,318
3,424,922   3,812,364 -387,442
5,397,491   3,341,803 2,055,688
2,471,893   2,378,626 93,267
4,505     4,505
    295,354 -295,354
1,891     1,891
289,854     289,854
1,723     1,723
2,595     2,595
14,110     14,110
58,791     58,791
    246,312 -246,312
    86,561 -86,561
18,766,711   12,264,095 6,502,616
5,812,171   5,480,472 331,699
2,591,179   2,159,569 431,610
838,199   841,741 -3,542
404,673     404,673
69,675     69,675
49,742   65,782 -16,040
3,761   2,995 766
27,613     27,613
33,248     33,248
3,616,082   2,639,243 976,839
21,871     21,871
2,046     2,046
25,204     25,204
132,924     132,924
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       34,456
b       1,354
c       -93,625
d       25,161
e       2,648
      13,411
      -342,949
      162,141
      1,001,021
      11,749
      813,318
      -387,442
      2,055,688
      93,267
      4,505
      -295,354
      1,891
      289,854
      1,723
      2,595
      14,110
      58,791
      -246,312
      -86,561
      6,502,616
      331,699
      431,610
      -3,542
      404,673
      69,675
      -16,040
      766
      27,613
      33,248
      976,839
      21,871
      2,046
      25,204
      132,924
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 12,076,642
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) 1 216,050
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........................... 3 216,050
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- ..... 5 216,050
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 267,528
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 175,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 442,528
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 10 226,478
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow226,478 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 arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowMJMS FAMILY OFFICE SERVICES LLC Telephone no.right arrow (312) 346-4101

Located atright arrow190 S LASALLE SUITE 1700CHICAGOIL ZIP+4right arrow60603
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MATTHEW M WALSH CEO
0.00 		0 0 0
11820 PLAINFIELD ROAD
BURR RIDGE,IL60521
JOYCE S WALSH TREAS/DIR
0.00 		0 0 0
11820 PLAINFIELD ROAD BURR RIDGE IL
BURR RIDGE,IL60521
DANIEL J WALSH PRESIDENT
0.00 		0 0 0
1130 N LAKE SHORE DRIVE
CHICAGO,IL60611
PATRICIA R WALSH SEC/DIR
0.00 		0 0 0
1130 N LAKE SHORE DRIVE
CHICAGO,IL60611
E BRYAN DUNIGAN DIRECTOR
0.00 		0 0 0
646 FAIR OAKS
OAK PARK,IL60302
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NONE 0
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 NONE 0
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
238,289,763
b
Average of monthly cash balances.......................
1b
17,689,577
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
255,979,340
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
255,979,340
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) Click to see attachment
List of Attached Documents:
// Content
.............................
4
13,198,750
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
242,780,590
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
12,139,030
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
12,139,030
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
216,050
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
216,050
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
11,922,980
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
11,922,980
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
11,922,980
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
11,718,977
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
11,718,977
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 11,922,980
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......  
c From 2021......  
d From 2022......  
e From 2023...... 1,938,391
f Total of lines 3a through e ........ 1,938,391
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 11,718,977
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..... 11,718,977
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 204,003 204,003
(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 1,734,388
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 ...... 		1,734,388
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 1,734,388
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ADVOCATE HEALTH FOUNDATION

2025 WINDSOR DR
OAK BROOK,IL60523 		    GENERAL CHARITABLE PURPOSES 25,000

AMERICAN HEART ASSOCIATION

300 S RIVERSIDE PLAZA
CHICAGO,IL60606 		    GENERAL CHARITABLE PURPOSES 50,000

ASCENSION HEALTH FOUNDATION

801 GLOUCESTER DR
ELK GROVE,IL60007 		    GENERAL CHARITABLE PURPOSES 80,000

ASSUMPTION PARISH

323 W ILLINOIS ST
CHICAGO,IL60654 		    GENERAL CHARITABLE PURPOSES 5,000

AUDITORIUM THEATRE

50 EAST IDA B WELLS DRIVE
CHICAGO,IL60605 		    GENERAL CHARITABLE PURPOSES 5,000

BARNSTABLE BROWN GALA

1700 SPRING D
LOUISVILLE,KY40205 		    GENERAL CHARITABLE PURPOSES 50,000

BEACON FOUNDATION

PO BOX 16186
ST PAUL,MN55116 		    GENERAL CHARITABLE PURPOSES 50,000

BEVERLY AREA PLANNING ASSOCIATION

1987 W 111TH STREET
CHICAGO,IL60643 		    GENERAL CHARITABLE PURPOSES 5,000

BIG SHOULDERS FUND

212 W VAN BUREN SUITE 900
CHICAGO,IL60607 		    GENERAL CHARITABLE PURPOSES 100,000

CATHOLIC EXTENSION SOCIETY

150 S WACKER DRIVE SUITE 2000
CHICAGO,IL60606 		    GENERAL CHARITABLE PURPOSES 110,000

CHILDREN INTERNATIONAL

PO BOX 219055
KANSAS CITY,MO64121 		    GENERAL CHARITABLE PURPOSES 50,000

CHRIST THE KING PARISH - CULLEN HUGHES MEMORIAL

9235 S HAMILTON
CHICAGO,IL60643 		    GENERAL CHARITABLE PURPOSES 10,000

CHRIST THE KING SCHOOL FOUNDATION

9240 S HOYNE
CHICAGO,IL60643 		    GENERAL CHARITABLE PURPOSES 10,000

CIRCLE OF FRIENDS

709 48TH STREET
WESTERN SPRINGS,IL60558 		    GENERAL CHARITABLE PURPOSES 10,000

CYSTIC FIBROSIS FOUNDATION

200 N LA SALLE DR 2300
CHICAGO,IL60601 		    GENERAL CHARITABLE PURPOSES 500,000

DEPAUL COLLEGE PREP

3333 N ROCKWELL STREET
CHICAGO,IL60618 		    GENERAL CHARITABLE PURPOSES 10,000

EDWARD HOSPITAL FOUNDATION

801 S WASHINGTON ST
NAPERVILLE,IL60540 		    GENERAL CHARITABLE PURPOSES 15,000

ELIM CHRISTIAN SCHOOL

13020 S CENTRAL AVENUE
CRESTWOOD,IL60463 		    GENERAL CHARITABLE PURPOSES 25,000

ERICKSON INSTITUTE

451 N LASALLE ST
CHICAGO,IL60654 		    GENERAL CHARITABLE PURPOSES 100,000

FRANCIS XAVIER WARDE SCHOOL

751 N STATE STREET
CHICAGO,IL60654 		    GENERAL CHARITABLE PURPOSES 1,000,000

FRANCISCAN OUTREACH

1101 W ADAMS ST SUITE A
CHICAGO,IL60607 		    GENERAL CHARITABLE PURPOSES 5,000

FRIENDS OF TED & NED NOTRE DAME SOCIETY

1100 GRACE HALL
NOTRE DAME,IN46556 		    GENERAL CHARITABLE PURPOSES 100,000

GENEVA LAKE CONSERVANCY

398 MILL STREET
FONTANAONGENEVA LAKE,WI53125 		    GENERAL CHARITABLE PURPOSES 5,000

GENEVA LAKE WATER SAFETY

451 OUTING ST
WILLIAMS BAY,WI53191 		    GENERAL CHARITABLE PURPOSES 10,000

INVEST FOR KIDS

875 N MICHIGAN AVE SUITE 3400
CHICAGO,IL60610 		    GENERAL CHARITABLE PURPOSES 10,000

JESUIT INTERNATIONAL MISSIONS

5058 W JACKSON BLVD
CHICAGO,IL60644 		    GENERAL CHARITABLE PURPOSES 500,000

JOHN CARROLL UNIVERSITY

1 JOHN CARROLL BLVD
UNIVERSITY HEIGHTS,OH44118 		    GENERAL CHARITABLE PURPOSES 1,000,000

KELLI JOY O'LAUGHLIN MEMORIAL FOUNDATION

6309 KEOKUK ROAD
INDIAN HEAD PARK,IL60525 		    GENERAL CHARITABLE PURPOSES 2,500

LALUMIERE

6801 N WILHELM RD
LAPORTE,IN46350 		    GENERAL CHARITABLE PURPOSES 100,000

LANDMARKS ILLINOIS

30 N MICHIGAN AVE 2020
CHICAGO,IL60602 		    GENERAL CHARITABLE PURPOSES 10,000

LOYOLA MEDICAL CENTER

2160 S 1ST AVENUE
MAYWOOD,IL60153 		    GENERAL CHARITABLE PURPOSES 30,000

LOYOLA UNIVERSITY SCHOOL OF SOCIAL WORK

820 N MICHIGAN AVENUE
CHICAGO,IL60611 		    GENERAL CHARITABLE PURPOSES 50,000

LURIE CHILDREN'S HOSPITAL - CYSTIC FIBROSIS

225 E CHICAGO AVE 282
CHICAGO,IL60611 		    GENERAL CHARITABLE PURPOSES 250,000

LYRIC OPERA OF CHICAGO

20 N WACKER DRIVE
CHICAGO,IL60606 		    GENERAL CHARITABLE PURPOSES 10,000

MAKE A WISH FOUNDATION

1702 E HIGHLAND AVENUE SUITE 400
PHOENIX,AZ85016 		    GENERAL CHARITABLE PURPOSES 25,000

MARILLAC ST VINCENT FAMILY SERVICES

2145 N HALSTED
CHICAGO,IL60614 		    GENERAL CHARITABLE PURPOSES 700,000

MERCY HOME FOR BOYS AND GIRLS

1140 W JACKSON BLVD
CHICAGO,IL60607 		    GENERAL CHARITABLE PURPOSES 550,000

MIDWEST HEALTH FOUNDATION

120 S OAK ST
HINSDALE,IL60521 		    GENERAL CHARITABLE PURPOSES 10,000

MISERICORDIA FOUNDATION

6300 N RIDGE
CHICAGO,IL60660 		    GENERAL CHARITABLE PURPOSES 1,510,000

MOTHER MCAULEY HIGH SCHOOL

3737 W 99TH ST
CHICAGO,IL60655 		    GENERAL CHARITABLE PURPOSES 200,000

NAZARETH ACADEMY

1209 W OGDEN AVENUE
LAGRANGE PARK,IL60526 		    GENERAL CHARITABLE PURPOSES 300,000

OHIO STATE UNIVERSITY FOUNDATION

14 E 15TH AVE
COLUMBUS,OH43201 		    GENERAL CHARITABLE PURPOSES 30,000

OLD ST PAT'S CHURCH

700 W ADAMS
CHICAGO,IL60661 		    GENERAL CHARITABLE PURPOSES 61,477

PEGGY NOTEBAERT NATURE MUSEUM

2430 N CANNON DR
CHICAGO,IL60614 		    GENERAL CHARITABLE PURPOSES 25,000

PLEASANTVILLE FIRE DEPARTMENT

75 WASHINGTON AVENUE
PLEASANTVILLE,NY10570 		    GENERAL CHARITABLE PURPOSES 5,000

ROBINSON SOUTH BEND COMMUNITY CENTER

1004 N EDDY ST
SOUTH BEND,IN46617 		    GENERAL CHARITABLE PURPOSES 5,000

ST BARNABAS

10134 S LONGWOOD DRIVE
CHICAGO,IL60643 		    GENERAL CHARITABLE PURPOSES 25,000

ST BENEDICT'S GRAMMAR SCHOOL

2215 W IRVING PARK
CHICAGO,IL60618 		    GENERAL CHARITABLE PURPOSES 50,000

ST GILES SCHOOL

1034 LINDEN AVENUE
OAK PARK,IL60302 		    GENERAL CHARITABLE PURPOSES 50,000

ST IGNATIUS COLLEGE PREP - BILL MADDEN SCHOLARSHIP

1076 W ROOSEVELT RD
CHICAGO,IL60608 		    GENERAL CHARITABLE PURPOSES 25,000

ST IGNATIUS COLLEGE PREP - BOB KRAMER SCHOLARSHIP

1076 W ROOSEVELT RD
CHICAGO,IL60608 		    GENERAL CHARITABLE PURPOSES 25,000

ST IGNATIUS COLLEGE PREP - KATHERINE CHANDLER FUND

1076 W ROOSEVELT RD
CHICAGO,IL60608 		    GENERAL CHARITABLE PURPOSES 100,000

ST IGNATIUS COLLEGE PREP - MARTIN DE PORRES SCHOLARSHIP

1076 W ROOSEVELT RD
CHICAGO,IL60608 		    GENERAL CHARITABLE PURPOSES 25,000

ST IGNATIUS COLLEGE PREP

1076 W ROOSEVELT RD
CHICAGO,IL60608 		    GENERAL CHARITABLE PURPOSES 2,600,000

ST JOHN OF THE CROSS

5005 WOLF ROAD
WESTERN SPRINGS,IL60558 		    GENERAL CHARITABLE PURPOSES 250,000

ST MALACHY SCHOOL

2252 W WASHINGTON BLVD
CHICAGO,IL60612 		    GENERAL CHARITABLE PURPOSES 10,000

ST MARY'S COLLEGE

110 LE MANS HALL
NOTRE DAME,IN46556 		    GENERAL CHARITABLE PURPOSES 250,000

ST SABINA PARISH

1210 W 78TH PLACE
CHICAGO,IL60620 		    GENERAL CHARITABLE PURPOSES 100,000

ST THOMAS OF CANTERBURY

4827 N KENMORE
CHICAGO,IL60640 		    GENERAL CHARITABLE PURPOSES 100,000

THE CATHOLIC BISHOP OF CHICAGO

835 N RUSH ST
CHICAGO,IL60611 		    GENERAL CHARITABLE PURPOSES -5,000

THE RAFFAELLE BALLET INC

218 WEST WASHINGTON STREET SUITE
1200
SOUTH BEND,IN46601 		    GENERAL CHARITABLE PURPOSES 10,000

TUTORING CHICAGO

2145 N HALSTED
CHICAGO,IL60614 		    GENERAL CHARITABLE PURPOSES 10,000

UNIVERSITY OF NOTRE DAME

724 GRACE HALL
NOTRE DAME,IN46556 		    GENERAL CHARITABLE PURPOSES 150,000

VILLAGE OF BURR RIDGE

7660 S COUNTY LINE ROAD
BURR RIDGE,IL60527 		    GENERAL CHARITABLE PURPOSES 5,000

WBEZ

848 E GRAND
CHICAGO,IL60611 		    GENERAL CHARITABLE PURPOSES 25,000

WFMT

5400 N ST LOUIS
CHICAGO,IL60625 		    GENERAL CHARITABLE PURPOSES 25,000

WOMENS CARE CENTERS

PO BOX 6
MISHAWAKA,IN46546 		    GENERAL CHARITABLE PURPOSES 50,000

WTTW

5400 N ST LOUIS
CHICAGO,IL60625 		    GENERAL CHARITABLE PURPOSES 125,000
Total .................................right arrow 3a 11,718,977
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 ........... 		        112,001
4 Dividends and interest from securities ....         4,655,751
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 .....         45,134
8 Gain or (loss) from sales of assets other than
inventory ............ 		        12,076,642
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 0 16,889,528
13Total. Add line 12, columns (b), (d), and (e)..................
13
16,889,528
(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.)
3 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
4 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
7 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
8 THESE ITEMS ARE A DIRECT RESULT OF THE FOUNDATION DIRECTORS' INVESTMENT OF THE FOUNDATION ASSETS IN A PRUDENT MANNER WHICH IS CONSISTENT WITH THEIR FIDUCIARY DUTY TO THE FOUNDATION.
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 CashDeemedCharitableExplnStmt
Name:
THE WALSH FOUNDATION
 
C/O MJMS FAMILY OFFICE SERVICES LLC
EIN:
36-3994447
Explanation:
THE WALSH FOUNDATION ANNUALLY MAKES CASH CHARITABLE CONTRIBUTIONS IN AMOUNTS WHICH ARE INTENDED TO AVOID THE IRC SECTION 4942 TAX FOR FAILURE TO DISTRIBUTE THE MINIMUM INVESTMENT RETURN. ASSETS OTHER THAN CASH BALANCES ARE DEDICATED TO VARIOUS INVESTMENT VEHICLES HAVING VARYING DEGREES OF LIQUIDITY. TO ASSURE ITS ABILITY TO MEET THE CHARITABLE DISBURSEMENT OBJECTIVES, A CASH BALANCE IS MAINTAINED WHICH IS AT LEAST EQUAL TO THE PRIOR YEAR DISTRIBUTIONS. THE 2023DISTRIBUTION AMOUNT WAS $13,198,750.

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE WALSH FOUNDATION
 
C/O MJMS FAMILY OFFICE SERVICES LLC
EIN:
36-3994447
Name of Bond End of Year Book Value End of Year Fair Market Value
GOLDMAN SACHS - TACTICAL TRADING 9,189,000 8,953,518
US TRUST WEL-SCV 14,577 14,537
US TRUST MASTER ACCOUNT 301,814 307,642
WILLIAM BLAIR - MUTUAL FUNDS 4,150,000 4,104,091
GOLDMAN SACHS - GS GOV/CORP FI 39,500,981 39,866,336

TY 2024 InvestmentsOtherSchedule2
Name:
THE WALSH FOUNDATION
 
C/O MJMS FAMILY OFFICE SERVICES LLC
EIN:
36-3994447
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BDT CAPITAL PARTNERS FUND II FMV 3,857,144 5,862,884
GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE FUND VIII FMV 581,964 1,347,687
GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET ENERGY PARTNERS-AIV-1 FMV 76,429 0
GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET ENERGY PARTNERS (BROAD) FMV 0 14,460
GOLDMAN SACHS - NON-DISC BROKERAGE - WS STRATEGIC SOLUTIONS FMV 1,123,115 1,484,731
GOLDMAN SACHS - S&P GIVI US FMV 9,810,099 18,005,841
GOLDMAN SACHS - TACTICAL TRADING - ARTISAN DYNAMIC EQUITY FMV 7,500,000 12,507,538
GOLDMAN SACHS - VAUGHAN NELSON FMV 7,881,053 10,668,205
GS-WCM DYNAMIC EQUITY FMV 7,373,844 9,337,992
GOLDMAN SACHS - NON-DISC BROKERAGE - SLR PRIVATE CREDIT II (BDC) FMV 508,926 478,345
INVESTMENT IN WF RIC II, LLC FMV 3,168,999 3,922,070
US TRUST HQC FMV 3,361,992 6,901,405
US TRUST IFE FMV 2,396,319 3,216,555
US TRUST LOO-LCG FMV 912,825 1,980,808
US TRUST PER-SCG FMV 449,336 630,608
US TRUST ROB-MCV FMV 1,630,915 2,289,564
US TRUST WEL-SCV FMV 564,038 708,324
US TRUST MASTER ACCOUNT FMV 3,584,528 5,426,857
US TRUST JAN-MCG FMV 1,238,068 1,994,304
US TRUST MASTER-EXCELSIOR PRIVATE MARKETS FUND III FMV 679,646 580,482
GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2019 FMV 1,167,139 2,086,629
GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2017 FMV 446,290 2,130,694
BDT FUND II-A SPIRITS LP FMV 127,213 154,448
WILLIAM BLAIR - MUTUAL FUNDS FMV 1,990,000 27,173
GOLDMAN SACHS - DISC BROKERAGE FMV 167,741 1,367,075
GOLDMAN SACHS - GMS GANNETT WELSH & KOTLER FMV 7,316,788 9,997,951
GOLDMAN SACHS - INDEX ORIENTED STRATEGY FMV 29,498,776 50,226,874
GOLDMAN SACHS - NON-DISC BROKERAGE - GLOBAL ATLANTIC IVY CO-INVEST II FMV 1,200,938 1,368,801
GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2018 FMV 1,093,223 1,994,529
GOLDMAN SACHS - NON-DISC BROKERAGE - GROWTH & EMERGING MARKET FMV 157,306 761,002
GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE FUND VII FMV 0 767,701
GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE FUND VII AIV FMV 57,286 75,821
GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET CAPITAL PARTNERS VII FMV 419,487 739,043
GOLDMAN SACHS - NON-DISC BROKERAGE - WEST STREET CAPITAL PARTNERS VII-PARA B FMV 76,689 0
GOLDMAN SACHS - NON-DISC BROKERAGE - HORIZON E&C SOLUTIONS FEEDER FMV 1,185,000 1,182,040
GOLDMAN SACHS - NON-DISC BROKERAGE - MN8 ENERGY LLC FMV 434,729 510,554
GOLDMAN SACHS - NON-DISC BROKERAGE - PATIENT SQUARE ACCESS FMV 972,692 1,118,818
GOLDMAN SACHS - NON-DISC BROKERAGE - PETERSHILL FMV 226,084 293,638
GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2016 FMV 359,498 1,897,647
WILLIAM BLAIR (038) & CPG BLACKSTONE FMV 636,283 3,442,999
GOLDMAN SACHS - NON-DISC BROKERAGE - BUY WRITE FMV 9,582,214 10,391,697
GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2024 FMV 12,500 7,514
GOLDMAN SACHS - NON-DISC BROKERAGE - WSCP IX OFFSHORE FMV 105,000 91,310
GOLDMAN SACHS - NON-DISC BROKERAGE - ARES SR DIRECT LENDING III ACC FMV 262,012 267,897
GOLDMAN SACHS - NON-DISC BROKERAGE - VINTAGE VI FMV 0 327,963
GOLDMAN SACHS - NON-DISC BROKERAGE - GLOBAL LONG SHORT FMV 0 10,388
GOLDMAN SACHS - NON-DISC BROKERAGE - GLOBAL LONG SHORT SPV II FMV 0 8,478
GOLDMAN SACHS - NON-DISC BROKERAGE - PRIVATE EQUITY MANAGERS 2015 FMV 0 1,370,939

TY 2024 OtherExpensesSchedule
Name:
THE WALSH FOUNDATION
 
C/O MJMS FAMILY OFFICE SERVICES LLC
EIN:
36-3994447
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISORY FEES 40,714 40,714   0
CONSULTING EXPENSES 10,000 10,000   0
INVESTMENT INTEREST EXPENSE FROM PARTNERSHIPS 406 406   0
INVESTMENT MANAGEMENT FEES FROM INVESTMENT ACCOUNTS 902,246 902,246   0
COMBINED PARTNERSHIP DEDUCTIONS FROM PARTNERSHIPS 122,819 122,819   0
PROFESSIONAL FEES 92,360 92,360   0
OTHER EXPENSES 1 1   0


TY 2024 OtherIncomeSchedule2
Name:
THE WALSH FOUNDATION
 
C/O MJMS FAMILY OFFICE SERVICES LLC
EIN:
36-3994447
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FUND II-A SPIRITS-OTHER PORTFOLIO INCOME -1,713 -1,713 -1,713
BLAIR-CPG BLACKSTONE-PARTNERSHIP INCOME -128 -128 -128
GS-NON DISC-WEST STREET CAPITAL PARTNERS VII-OTHER INCOME 8,981 8,981 8,981
GS-NON DISC-WEST STREET CAPITAL PARTNERS VII-PARALLEL B-OTHER INCOME 8,890 8,890 8,890
GS-NON DISC-PETERSHILL-OTHER PORTFOLIO INCOME 635 635 635
BLAIR-CPG BLACKSTONE-1256 INCOME 74 74 74
US TRUST-OTHER INCOME 19 19 19
GS-DISC BROKERAGE-CLASS ACTION RECOVERY 18,679 18,679 18,679
US TRUST-CLASS ACTION RECOVERY 1,538 1,538 1,538
BLAIR-CPG BLACKSTONE-PARTNERSHIP INCOME 3 3 3
BLAIR-CPG BLACKSTONE-OTHER INCOM 5 5 5
GS-NON DISC-WEST STREET ENERGY PARTNERS-GURANTEED PAYMENTS 6,588 6,588 6,588
GS-S&P GIVING-LIQUIDATING DISTRIBUTIONS 1,563 1,563 1,563


TY 2024 OtherLiabilitiesSchedule
Name:
THE WALSH FOUNDATION
 
C/O MJMS FAMILY OFFICE SERVICES LLC
EIN:
36-3994447
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL EXCISE TAX PAYABLE 7,472 0


TY 2024 TaxesSchedule
Name:
THE WALSH FOUNDATION
 
C/O MJMS FAMILY OFFICE SERVICES LLC
EIN:
36-3994447
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TOTAL FOREIGN INCOME TAX WITHHELD 40,000 40,000   0
ADR FEES 3,112 3,112   0
RECLAIMABLE FOREIGN TAX 11,311 11,311   0
MISCELLANEOUS TAX FEES 121,697 121,697   0
COMBINED FOREIGN INCOME TAXES FROM PARTNERSHIPS 1,702 1,702   0
FEDERAL INCOME TAXES 216,050 0   0