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
SANKEY FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)200 BELLEVUE PARKWAY SUITE 250
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, DE198093747
A Employer identification number

34-1909797
B Telephone number (see instructions)

(302) 793-3277
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$37,244,875J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 623,680 623,680  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,099,309
b Gross sales price for all assets on line 6a 9,397,195
7 Capital gain net income (from Part IV, line 2)... 2,099,309
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-4,365 -250  
12 Total. Add lines 1 through 11........ 2,718,624 2,722,739  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
221,032 218,007   3,025
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
34,838 4,838   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,336 136   3,200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 259,206 222,981 0 6,225
25 Contributions, gifts, grants paid....... 908,803 908,803
26 Total expenses and disbursements. Add lines 24 and 25 1,168,009 222,981 0 915,028
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,550,615
b Net investment income (if negative, enter -0-) 2,499,758
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 672,532 306,917 306,917
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 18,840,293 Click to see attachment
List of Attached Documents:
// Content
20,597,067 		31,719,389
c Investments—corporate bonds (attach schedule)....... 3,885,930 Click to see attachment
List of Attached Documents:
// Content
3,944,276 		3,880,044
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).......... 678,133 Click to see attachment
List of Attached Documents:
// Content
763,564 		1,338,525
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) 24,076,888 25,611,824 37,244,875
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........   25,611,824
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 24,076,888  
29 Total net assets or fund balances (see instructions)..... 24,076,888 25,611,824
30 Total liabilities and net assets/fund balances (see instructions). 24,076,888 25,611,824
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
24,076,888
2
Enter amount from Part I, line 27a .....................
2
1,550,615
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
25,627,503
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
15,679
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,611,824
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 . GOLDMAN SACHS & CO   2024-01-01 2024-12-31
b . GOLDMAN SACHS & CO   2023-01-01 2024-12-31
c 3. GOLDMAN SACHS & CO     2024-12-31
d 1. GOLDMAN SACHS & CO   2019-07-01 2024-12-31
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 808,728   710,732 97,996
b 8,549,329   6,587,154 1,962,175
c 18,409     18,409
d 20,729     20,729
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       97,996
b       1,962,175
c       18,409
d       20,729
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,099,309
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 34,747
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 34,747
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 34,747
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 41,780
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 42,780
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 8,033
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow8,033 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowOH
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 arrow  
14
The books are in care ofright arrowGOLDMAN SACHS TRUST COMPANY OF DELAWARE Telephone no.right arrow (302) 793-3284

Located atright arrow200 BELLEVUE PARKWAY SUITE 250WILMINGTONDE ZIP+4right arrow198093747
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
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
JAMES K SANKEY DEC'D 842024 PRESIDENT
2 		0    
200 BELLEVUE PARKWAY SUITE 250
WILMINGTON,DE19809
BETH SANKEY PRESIDENT
2 		0    
200 BELLEVUE PARKWAY SUITE 250
WILMINGTON,DE19809
ALAN J TOBIN SECRETARY
4 		0    
200 BELLEVUE PARKWAY SUITE 250
WILMINGTON,DE19809
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
33,795,291
b
Average of monthly cash balances.......................
1b
183,584
c
Fair market value of all other assets (see instructions)................
1c
1,208,780
d
Total (add lines 1a, b, and c).........................
1d
35,187,655
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
35,187,655
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
527,815
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
34,659,840
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,732,992
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,732,992
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
34,747
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
34,747
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,698,245
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,698,245
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,698,245
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
915,028
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
915,028
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,698,245
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...... 1,003,575
b From 2020...... 631,788
c From 2021...... 0
d From 2022...... 1,382,836
e From 2023...... 137,404
f Total of lines 3a through e ........ 3,155,603
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 915,028
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..... 915,028
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 783,217 783,217
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,372,386
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) ... 		220,358
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		2,152,028
10 Analysis of line 9:
a Excess from 2020.... 631,788
b Excess from 2021.... 0
c Excess from 2022.... 1,382,836
d Excess from 2023.... 137,404
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

TEACH FOR AMERICA INC NORTH CAROLINA

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		NONE PC PROGRAM SUPPORT 10,000

BREAKTHROUGH T1D (FORMERLY JDRF)

200 VESEY STREET 28TH FLOOR
NEW YORK,NY10281 		NONE PC PROGRAM SUPPORT 15,000

CHRIST COMMUNITY CHAPEL

1521 GEORGETOWN ROAD
HUDSON,OH44236 		NONE PC PROGRAM SUPPORT 200,000

REMEMBER THE CHILDREN

1100 S 9TH STREET SUITE 211
NOBLESVILLE,IN46060 		NONE PC PROGRAM SUPPORT 30,000

NEW CITY CHURCH

2500 CARMEL RD
CHARLOTTE,NC28226 		NONE PC PROGRAM SUPPORT 10,000

CORNERSTONE CHRISTIAN ACADEMY

1939 S 58TH ST
PHILADELPHIA,PA19143 		NONE PC PROGRAM SUPPORT 20,000

ASSIST INTERNATIONAL

800 S STOCKTON AVENUE
RIPON,CA953662790 		NONE PC PROGRAM SUPPORT 602,303

AIDS ORPHANS EDUCATION TRUST (AOET)
UGANDA
PLOT 2-20 KYAGGWE RD NJERU SOUTH
JINJA   20101
UG 		NONE PC CARE OF ORPHANED CHILDREN 21,500
Total .................................right arrow 3a 908,803
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 623,680  
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 2,099,309  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    14 458  
bPASSTHROUGH LOSS     14 -4,823  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   2,718,624  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,718,624
(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 InvestmentsCorpBondsSchedule
Name:
SANKEY FAMILY FOUNDATION
EIN:
34-1909797
Name of Bond End of Year Book Value End of Year Fair Market Value
38150B376 GS SHORT-TERM CONSER 1,343,050 1,350,252
38150B384 GS SHORT DURATION BO 1,274,084 1,272,443
38145C455 GS HIGH YIELD FLOATI 1,327,142 1,257,349

TY 2024 InvestmentsCorpStockSchedule
Name:
SANKEY FAMILY FOUNDATION
EIN:
34-1909797
Name of Stock End of Year Book Value End of Year Fair Market Value
78462F103 SPDR S&P 500 ETF TRU 6,692,219 12,383,651
464287200 ISHARES CORE S&P 500 2,127,922 5,917,411
06417YVC0 THE BANK OF NOVA SCO 1,999,000 2,004,017
90307QJD6 UBS AG LINKED TO RUS 710,000 759,061
06417YX38 THE BANK OF NOVA SCO 635,000 688,854
48134BQG1 JPMORGAN CHASE & CO. 480,000 480,000
922908363 VANGUARD S&P 500 ETF 380,389 390,637
78464A797 SPDR S&P BANK ETF 121,936 239,076
67066G104 NVIDIA CORPORATION C 32,284 176,726
594918104 MICROSOFT CORPORATIO 54,437 146,261
83088M102 SKYWORKS SOLUTIONS, 164,051 140,646
594918104A MICROSOFT CORPORATI 60,889 136,145
23135106 AMAZON.COM INC CMN 12,337 21,720
74736K101 QORVO, INC. CMN 172,018 126,643
036752103 ELEVANCE HEALTH INC 148,923 117,310
G3223R108 EVEREST GROUP LTD CM 123,367 116,350
22160N109 COSTAR GROUP, INC. C 120,991 114,830
040413106 ARISTA NETWORKS, INC 43,905 108,209
48020Q107 JONES LANG LASALLE I 63,532 105,813
02079K107 ALPHABET INC. CMN C 28,719 104,932
78467J100 SS&C TECHNOLOGIES HO 19,324 21,597
653656108 NICE SYSTEMS LTD 1 A 105,706 96,469
37833100 APPLE INC. CMN 72,085 95,160
57636Q104 MASTERCARD INCORPORA 13,386 23,169
92826C839 VISA INC. CMN CLASS 11,492 19,911
30303M102 META PLATFORMS INC-C 71,605 91,340
02079K305 ALPHABET INC. CMN C 33,090 89,918
143130102 CARMAX, INC. CMN 19,441 24,773
9EQ70VQ51 SODEXO SPONSORED ADR 86,380 84,678
14316J108 CARLYLE GROUP INC/TH 40,315 80,986
23135106B AMAZON.COM INC CMN 29,765 80,297
893641100 TRANSDIGM GROUP INCO 22,117 72,235
25243Q205 DIAGEO PLC SPON ADR 87,641 72,210
422806208 HEICO CORP CL-A CMN 32,373 71,083
760125104 RENTOKIL INITIAL PLC 53,405 59,477
12504L109 CBRE GROUP, INC. CMN 30,867 57,242
538034109 LIVE NATION ENTERTAI 38,393 56,333
03990B101 ARES MANAGEMENT CORP 21,734 54,171
423012301 HEINEKEN N.V. SPONSO 55,559 53,638
228368106 CROWN HOLDINGS INC C 57,397 53,170
714264306 PERNOD RICARD SPONSO 55,566 53,139
91324P102 UNITEDHEALTH GROUP I 55,675 53,115
79466L302 SALESFORCE INC CMN 26,553 52,553
26874784 AMERICAN INTL GROUP, 30,109 49,431
337738108 FISERV, INC. CMN 24,821 45,809
502441306 LVMH MOET HENNESSY L 52,672 45,538
461202103 INTUIT INC CMN 23,148 42,738
2824100 ABBOTT LABORATORIES CM 26,835 26,694
9EQ1ZMCM4 BUREAU VERITAS ADR C 33,466 40,104
34959E109 FORTINET, INC. CMN 25,834 39,587
60505104 BANK OF AMERICA CORP 27,661 39,467
84670702 BERKSHIRE HATHAWAY IN 32,804 39,435
2824100B ABBOTT LABORATORIES C 32,459 38,910
92826C839B VISA INC. CMN CLASS 19,290 37,609
20825C104 CONOCOPHILLIPS CMN 36,656 36,891
052769106 AUTODESK, INC. CMN 26,038 36,060
670100205 NOVO-NORDISK A/S ADR 49,118 36,042
268150109 DYNATRACE HOLDINGS L 34,186 35,708
882508104 TEXAS INSTRUMENTS IN 28,702 34,314
90353T100 UBER TECHNOLOGIES, I 35,183 32,030
64125C109 NEUROCRINE BIOSCIENC 22,004 31,259
37045V100 GENERAL MOTORS COMPA 22,754 31,056
7903107 ADVANCED MICRO DEVICES 43,042 30,681
571903202 MARRIOTT INTERNATION 20,904 30,404
03965L100 HOWMET AEROSPACE INC 27,697 29,421
09253F804 ISHARES RUSSELL 2000 23,961 28,504
871829107 SYSCO CORPORATION CM 29,127 28,367
717081103 PFIZER INC. CMN 31,807 27,565
337738108A FISERV, INC. CMN 14,588 25,267
25278X109 DIAMONDBACK ENERGY I 24,141 24,247
369604301 GENERAL ELECTRIC COM 23,762 24,058
G0403H108 AON PUBLIC LIMITED C 22,906 23,705
504922105 LABCORP HOLDINGS INC 20,600 22,703
075887109 BECTON, DICKINSON AN 23,560 22,460
94106L109 WASTE MANAGEMENT INC 17,947 21,793
194162103 COLGATE-PALMOLIVE CO 20,850 20,364
40412C101 HCA HEALTHCARE, INC 11,959 20,110
8.7612E+110 TARGET CORPORATION 19,386 20,007
149123101 CATERPILLAR INC (DEL 9,441 19,952
127387108 CADENCE DESIGN SYSTE 16,805 18,929
550021109 LULULEMON ATHLETICA 13,304 18,738
00724F101 ADOBE INC CMN 9,990 18,677
631103108 NASDAQ INC. CMN 13,925 18,477
907818108 UNION PACIFIC CORP. 17,877 18,471
G5960L103 MEDTRONIC PUBLIC LIM 22,175 18,091
758750103 REGAL REXNORD CORP C 15,446 17,880
33582V108 KEYCORP CMN 14,751 17,706
78410G104 SBA COMMUNICATIONS C 18,697 17,527
31488V107 FERGUSON ENTERPRISES 15,510 17,091
416515104 HARTFORD INSURANCE G 7,863 17,038
30225T102 EXTRA SPACE STORAGE 14,359 16,755
244199105 DEERE & COMPANY CMN 12,473 16,587
62944T105 N V R INC CMN 6,431 16,358
502431109 L3HARRIS TECHNOLOGIE 13,658 15,350
855244109 STARBUCKS CORP. CMN 13,703 14,965
35671D857 FREEPORT-MCMORAN INC 14,542 14,623
573284106 MARTIN MARIETTA MATE 10,924 14,462
12008R107 BUILDERS FIRSTSOURCE 14,997 13,292
25746U109 DOMINION ENERGY INC 12,365 13,196
871607107 SYNOPSYS, INC. CMN 13,802 13,105
949746101 WELLS FARGO & COMPAN 7,233 12,924
437076102 THE HOME DEPOT, INC. 9,895 12,448
460146103 INTERNATIONAL PAPER 9,272 12,002
G1151C101 ACCENTURE PLC CMN CL 11,039 11,257
00287Y109 ABBVIE INC. CMN 6,919 11,017
701094104 PARKER-HANNIFIN CORP 2,888 10,176
36828A101 GE VERNOVA LLC CMN 6,818 9,875
20002101 ALLSTATE CORPORATION 4,153 7,761
713448108 PEPSICO, INC. CMN   125
06417YVC0A THE BANK OF NOVA SC 929,000 913,616
06417YDL0 THE BANK OF NOVA SCO 840,000 808,282
09253F861 ISHARES MSCI EAFE ET 246,174 302,440
921943858 VANGUARD FTSE DEVELO 209,497 224,132
29265W207 ENEL SOCIETA PER AZI 35,995 44,484
017990102 ALLIANZ SE ADR CMN 29,081 43,968
835699307 SONY GROUP CORPORATI 32,672 43,695
911271302 UNITED OVERSEAS BK L 30,569 43,409
059574103 BANCO SANTANDER, S.A 30,347 41,756
37733W105 GSK PLC ADR CMN 47,683 41,003
539439109 LLOYDS BANKING GROUP 43,560 39,546
452990492 IMPERIAL BRANDS PLC 26,419 39,335
359590304 FUJITSU LTD ADR (5 C 30,568 38,601
78460A106 SNAM S.P.A ADR CMN 46,616 38,364
9EQ2YDT86 SSE PLC SPONSORED AD 32,566 35,998
9EQ00E9K0 DEUTSCHE POST AG SPO 43,168 35,819
500472303 KONINKLIJKE PHILIPS 21,620 35,701
780259107 SHELL PLC SPONSORED 28,688 33,643
801060AC8 SANOFI SPONSORED ADR 31,808 33,568
433578507 HITACHI LTD (ADR 10 13,470 32,817
359586104 FUJIFILM HOLDINGS CO 23,165 32,331
606776201 MITSUBISHI ELECTRIC 22,177 32,177
055622104 BP P.L.C. SPONSORED 30,889 29,028
892330101 TOYOTA INDUSTRIES CO 19,637 28,159
9EQ315JC9 WPP PLC ADR CMN 31,681 27,088
48667L106 KDDI CORPORATION UNS 27,423 26,837
102117108 BOUYGUES UNSPONSORED 29,465 26,511
12562Y100 CK HUTCHISON HLDGS L 37,955 24,663
438128308 HONDA MTR LTD (AMER 23,015 24,524
9HH1PCIT9 WH GROUP LIMITED SPO 23,374 24,325
110448107 BRITISH AMERICAN TOB 24,111 24,002
927320101 VINCI SA ADR CMN 27,168 23,832
485537401 KAO CORPORATION ADR 20,221 22,046
813113206 SECOM LTD (ADR) ADR 21,719 21,865
500467501 KONINKLIJKE AHOLD N. 20,675 21,423
492089107 KERING ADR CMN 32,958 20,280
82929R304 SINGAPORE TELECOMMUN 20,123 19,823
66987V109 NOVARTIS AG-ADR SPON 13,839 19,365
641069406 NESTLE SA SPONSORED 17,901 16,112
210771200 CONTINENTAL AKTIENGE 20,878 15,592
60921V101 MONDI PLC ADR CMN 24,682 14,660
771195104 ROCHE HOLDING AG ADR 11,794 12,123
881575302 TESCO PLC SPONSORED 5,464 8,759
915436208 UPM-KYMMENE OYJ ADR 5,386 4,483
00162Q452 ALPS ETF TRUST - ALE 472,504 514,302
23135106A AMAZON.COM INC CMN 67,750 132,073
78467J100A SS&C TECHNOLOGIES H 76,157 97,832
57636Q104A MASTERCARD INCORPOR 15,788 94,783
92826C839A VISA INC. CMN CLASS 25,761 93,548
143130102A CARMAX, INC. CMN 84,462 88,137
2824100A ABBOTT LABORATORIES C 36,424 40,380

TY 2024 InvestmentsOtherSchedule2
Name:
SANKEY FAMILY FOUNDATION
EIN:
34-1909797
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CHINA-US INDUSTRIAL COOPERATIO AT COST 618,228 819,541
KKR PRINCIPAL OPPORTUNITIES AC AT COST   382,864
WHITEHALL STREET INTERNATIONA AT COST   6,375
MOUNT KELLETT CAPITAL PARTNERS AT COST 15,591  
HOUSING IMPACT FUND II, LLC AT COST 129,745 129,745

TY 2024 OtherDecreasesSchedule
Name:
SANKEY FAMILY FOUNDATION
EIN:
34-1909797
Description Amount
COST BASIS ADJUSTMENT 15,679


TY 2024 OtherExpensesSchedule
Name:
SANKEY FAMILY FOUNDATION
EIN:
34-1909797
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ANNUAL CUSTODY FEE 1,500 0   1,500
OH AG FEES 200 0   200
PURCHASE TECHSOUP SAN FRANCISC 1,500 0   1,500
PASSTHROUGH EXPENSES 136 136   0


TY 2024 OtherIncomeSchedule2
Name:
SANKEY FAMILY FOUNDATION
EIN:
34-1909797
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 458 458  
PASSTHROUGH LOSS -4,823 -708  


TY 2024 OtherProfessionalFeesSchedule
Name:
SANKEY FAMILY FOUNDATION
EIN:
34-1909797
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 218,007 218,007    
TAX PREP FEES 3,025     3,025


TY 2024 TaxesSchedule
Name:
SANKEY FAMILY FOUNDATION
EIN:
34-1909797
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ESTIMATED TAXES PAID 30,000 0   0
FOREIGN TAXES PAID 4,838 4,838   0