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
Woodward Charitable Trust
 
Number and street (or P.O. box number if mail is not delivered to street address)50 South La Salle Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60603
A Employer identification number

84-6025403
B Telephone number (see instructions)

(888) 429-7620
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$45,353,965J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 473,150 473,150  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 601,978
b Gross sales price for all assets on line 6a 4,371,721
7 Capital gain net income (from Part IV, line 2)... 601,978
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,075,128 1,075,128  
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)....... Click to see attachment
List of Attached Documents:
// Content
34,653 17,327   17,326
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
40,640 40,640   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
17,155 1,955   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
15 0   15
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 92,463 59,922   17,341
25 Contributions, gifts, grants paid....... 3,702,000 3,702,000
26 Total expenses and disbursements. Add lines 24 and 25 3,794,463 59,922   3,719,341
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,719,335
b Net investment income (if negative, enter -0-) 1,015,206
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............. 367,576 222,831 222,831
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 37,161,527 Click to see attachment
List of Attached Documents:
// Content
43,498,559 		43,498,559
c Investments—corporate bonds (attach schedule)....... 3,029,242 Click to see attachment
List of Attached Documents:
// Content
1,559,540 		1,559,540
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).......... 104,128 Click to see attachment
List of Attached Documents:
// Content
62,237 		62,237
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
8,018 		Click to see attachment
List of Attached Documents:
// Content
10,798 		Click to see attachment
List of Attached Documents:
// Content
10,798
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,670,491 45,353,965 45,353,965
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
6,169 		Click to see attachment
List of Attached Documents:
// Content
3,777
23 Total liabilities (add lines 17 through 22)......... 6,169 3,777
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 40,664,322 45,350,188
29 Total net assets or fund balances (see instructions)..... 40,664,322 45,350,188
30 Total liabilities and net assets/fund balances (see instructions). 40,670,491 45,353,965
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
40,664,322
2
Enter amount from Part I, line 27a .....................
2
-2,719,335
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
7,405,456
4
Add lines 1, 2, and 3 ..........................
4
45,350,443
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
255
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
45,350,188
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities P    
b Capital Gains Dividends P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,340,351   3,769,743 570,608
b 31,370     31,370
c
d
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       570,608
b       31,370
c
d
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 2 601,978
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 14,111
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 14,111
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 14,111
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 9,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,500
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 10,389
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow10,389 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 arrowNorthern Trust Telephone no.right arrow (888) 429-7620

Located atright arrow50 South La Salle StreetChicagoIL 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)
Yes
 
(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
Yes
 
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
Kody Braisted President/Trustee
20.00 		0 0 0
50 South La Salle Street
Chicago,IL60603
Bryan Dunn President/Trustee (Thru 11/24)
0.20 		0 0 0
50 South La Salle Street
Chicago,IL60603
A Christopher Fawzy President/Trustee (Thru 04/24)
0.20 		0 0 0
50 South La Salle Street
Chicago,IL60603
Julia G Buchanan Trustee
0.20 		0 0 0
50 South La Salle Street
Chicago,IL60603
Jay Evans Trustee
0.20 		0 0 0
50 South La Salle Street
Chicago,IL60603
Rick Holm Trustee
0.20 		0 0 0
50 South La Salle Street
Chicago,IL60603
Jennifer Ray Trustee
0.20 		0 0 0
50 South La Salle Street
Chicago,IL60603
Michael Schablaske Trustee
0.20 		0 0 0
50 South La Salle Street
Chicago,IL60603
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 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
47,114,914
b
Average of monthly cash balances.......................
1b
309,235
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
47,424,149
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
47,424,149
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
711,362
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
46,712,787
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,335,639
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
2,335,639
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
14,111
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
14,111
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,321,528
4
Recoveries of amounts treated as qualifying distributions................
4
10,000
5
Add lines 3 and 4............................
5
2,331,528
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
2,331,528
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,719,341
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
3,719,341
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 2,331,528
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,072,823
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......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,719,341
a Applied to 2023, but not more than line 2a 1,072,823
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..... 2,331,528
e Remaining amount distributed out of corpus 314,990
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 314,990
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 ...... 		314,990
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 314,990
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Northern Trust
50 South La Salle Street
Chicago,IL60603
(888) 429-7620
bThe form in which applications should be submitted and information and materials they should include:
Applications should be submitted in letter form. No standard letter of application is required. A request evaluation will be sent to the applying organization to complete and return. This form emphasizes a description of the charitable organization itself and how the organization is meeting the needs of our communities. A copy of the organization's unexpired IRS letter acknowledging that contributions to the organization are tax deductible must be provided.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Mimi Allen
201 Forrester Drive Suite 1A
Greenville,SC29607
(815) 877-7441
bThe form in which applications should be submitted and information and materials they should include:
Applications should be submitted in letter form. No standard letter of application is required. A request evaluation will be sent to the applying organization to complete and return. This form emphasizes a description of the charitable organization itself and how the organization is meeting the needs of our communities. A copy of the organization's unexpired IRS letter acknowledging that contributions to the organization are tax deductible must be provided.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Dave Barnes
700 N Centennial St
Zeeland,MI49464
(815) 877-7441
bThe form in which applications should be submitted and information and materials they should include:
Applications should be submitted in letter form. No standard letter of application is required. A request evaluation will be sent to the applying organization to complete and return. This form emphasizes a description of the charitable organization itself and how the organization is meeting the needs of our communities. A copy of the organization's unexpired IRS letter acknowledging that contributions to the organization are tax deductible must be provided.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Monique Loving
25200 W Rye Canyon Road
Fort Collins,CO80524
(970) 482-5811
bThe form in which applications should be submitted and information and materials they should include:
Applications should be submitted in letter form. No standard letter of application is required. A request evaluation will be sent to the applying organization to complete and return. This form emphasizes a description of the charitable organization itself and how the organization is meeting the needs of our communities. A copy of the organization's unexpired IRS letter acknowledging that contributions to the organization are tax deductible must be provided.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Terran Hause
1000 E Drake Road
Fort Collins,CO80524
(970) 482-5811
bThe form in which applications should be submitted and information and materials they should include:
Applications should be submitted in letter form. No standard letter of application is required. A request evaluation will be sent to the applying organization to complete and return. This form emphasizes a description of the charitable organization itself and how the organization is meeting the needs of our communities. A copy of the organization's unexpired IRS letter acknowledging that contributions to the organization are tax deductible must be provided.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Mark Solomon
6300 W Howard Street
Niles,IL60714
(847) 673-8300
bThe form in which applications should be submitted and information and materials they should include:
Applications should be submitted in letter form. No standard letter of application is required. A request evaluation will be sent to the applying organization to complete and return. This form emphasizes a description of the charitable organization itself and how the organization is meeting the needs of our communities. A copy of the organization's unexpired IRS letter acknowledging that contributions to the organization are tax deductible must be provided.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
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

Airlink Inc

1023 15 Street NW Suite 1100
Washington,DC20005 		  PC General operating support 1,000,000

Barbara Olson School of Hope

3206 N Central Avenue
Rockford,IL61101 		  PC Educational 4,500

Berista Inc

1103 Washington Avenue
Grand Haven,MI49417 		  PC General operating support 1,000

Big Brothers Big Sisters of Metropolitan Chicago

560 W Lake Street 5th Floor
Chicago,IL60661 		  PC General operating support 3,000

Boys & Girls Clubs of Larimer County

103 Smokey Street
Fort Collins,CO80525 		  PC General operating support 10,000

Boys and Girls Club Association of Rockford

PO Box 1716
Rockford,IL61110 		  PC General operating support 10,000

Bravehearts Therapeutic and Educational Center

7319 Maxon Road
Harvard,IL60033 		  PC General operating support 17,420

CASA of Larimer County

201 Laporte Avenue Suite 100
Fort Collins,CO80521 		  PC General operating support 5,000

Center for Developmental Services

29 N Academy Street
Greenville,SC29601 		  PC General operating support 2,250

Center for Dispute Resolution

291 W Lakewood Boulevard Suite 9
Holland,MI49424 		  PC General operating support 1,000

Center for Enriched Living

280 Saunders Road
Riverwoods,IL60015 		  PC General operating support 2,500

Center for Family Outreach

PO Box 475
Fort Collins,CO80522 		  PC General operating support 5,000

Childcare Network of Evanston

1335 Dodge Avenue
Evanston,IL60201 		  PC General operating support 2,500

Colorado Chamber Foundation

1700 Broadway Suite 525
Denver,CO80290 		  PC General operating support 50,000

Colorado Succeeds

730 17th Street Suite 950
Denver,CO80202 		  PC General operating support 100,000

Crossroads Safehouse Inc

PO Box 993
Fort Collins,CO80522 		  PC General operating support 5,000

Dementia Together

1540 Main Street Ste 218/231
Windsor,CO80550 		  PC General operating support 10,000

Disabled Resource Service

2154 W Eisenhower Boulevard Unit 5
Loveland,CO80537 		  PC General operating support 5,000

Discovery Center-Rockford

711 N Main St
Rockford,IL61103 		  PC General operating support 20,000

Erie Neighborhood House

1347 West Erie Street
Chicago,IL60642 		  PC General operating support 5,500

Escape Ministries

202 E 32nd Street
Holland,MI49423 		  PC General operating support 2,000

Extended Grace

401 N 7th Street
Grand Haven,MI49417 		  PC General operating support 1,000

Family Promise of the Santa Clarita Valley

24820 Orchard Village Road Suite A
391
Santa Clarita,CA91355 		  PC General operating support 8,000

Fellinlove Farm

6364 144th Avenue
Holland,MI49423 		  PC General operating support 1,500

FIRST Illinois Robotics

1551 Algonquin Road Unit 1078
Rolling Meadows,IL60008 		  PC General operating support 2,500

Fort Collins Area Chamber of Commerce

225 S Meldrum Street
Fort Collins,CO80521 		  NC General operating support 50,000

Fort Collins Police Services

2221 S Timberline Road
Fort Collins,CO80525 		  GOV General operating support 450,000

Foster Progress

4422 N Ravenswood Avenue 22
Chicago,IL60640 		  PC General operating support 6,000

Fostering Youth Independence

PO Box 801604
Santa Clarita,CA91380 		  PC General operating support 10,500

Girl Up Greenville

408 Randall Street
Greenville,SC29609 		  PC Educational 3,000

Greenville Tech Foundation

556 Perry Avenue Suite B 110
Greenville,SC29611 		  PC General operating support 2,500

Guide Right Achievement Development Foundation

19197 Golden Valley Road Suite 711
Canyon Country,CA91387 		  PC General operating support 15,000

Habitat for Humanity (Fort Collins)

131 E Lincoln Avenue Suite 200
Fort Collins,CO805244413 		  PC General operating support 50,000

Habitat for Humanity (Rockford)

5183 Harlem Road Suite 3
Loves Park,IL61111 		  PC General operating support 20,000

Hadley Institute

700 Elm Street
Winnetka,IL60093 		  PC General operating support 4,000

Hand2Hand

306 Chicago Drive
Jenison,MI49428 		  PC General operating support 1,500

Harlem Consolidated School Dist #122

8605 N 2nd Street
Machesney Park,IL61115 		  GOV General operating support 11,820

His Harvest Stand

100 South Pine Suite 100
Zeeland,MI49464 		  PC General operating support 1,000

Holland Free Health Clinic

99 W 26th Street
Holland,MI49423 		  PC General operating support 1,000

Hope House

6475 Benton Street Bldg A
Arvada,CO80003 		  PC General operating support 5,000

Hospice of Holland

270 Hoover Boulevard
Holland,MI49423 		  PC General operating support 1,000

House of Neighborly Service

1511 East 11th Street Suite 100
Loveland,CO80537 		  PC General operating support 5,000

Kids Food Basket

1300 Plymouth Avenue NE
Grand Rapids,MI49505 		  PC General operating support 500

Kids Hope USA

201 West Washington Avenue Suite 20
Zeeland,MI49464 		  PC General operating support 1,000

Kohl Children's Museum of Greater Chicago Inc

2100 Patriot Boulevard
Glenview,IL60026 		  PC General operating support 3,000

Lakeshore Habitat for Humanity

12727 Riley Street
Holland,MI49424 		  PC General operating support 1,000

Lakeshore Pregnancy Center

339 South River Avenue
Holland,MI49423 		  PC General operating support 500

Lisa's Little Rescue

4081 Saint John Drive
Rockford,IL61102 		  PC General operating support 1,917

Literacy Center of West Michigan

207 Fulton Street E Suite 4000
Grand Rapids,MI49503 		  PC General operating support 1,000

Love Inc

PO Box 131
Allendale,MI49401 		  PC General operating support 1,000

Meals on Wheels (Ft Collins)

1217 E Elizabeth Street Suite 11
Fort Collins,CO80524 		  PC General operating support 6,000

Michelle Lunn Hope Foundation

6361 Redington Drive SE
Ada,MI49301 		  PF General operating support 1,000

Midway Village Museum

6799 Guilford Road
Rockford,IL61107 		  PC General operating support 5,500

Milestone Inc

4060 McFarland Road
Loves Park,IL61111 		  PC General operating support 6,000

Morningstar Mission Ministries

350 East Washington Street
Joliet,IL60433 		  PC General operating support 3,500

Museum of Art Fort Collins Inc

201 S College Avenue Suite 101
Fort Collins,CO80524 		  PC General operating support 5,000

National Association for Down Syndrome

1460 Renaissance Drive Suite 102
Park Ridge,IL60068 		  PC General operating support 4,000

Neighbor to Neighbor Inc - Ft Collins

1550 Blue Spruce Drive
Fort Collins,CO80524 		  PC General operating support 5,000

Off the Hook Arts

1001-A E Harmony Road
Fort Collins,CO80525 		  PC General operating support 5,000

Orchard Village

7660 Gross Point Road
Skokie,IL60077 		  PC General operating support 4,500

Pegasus Special Riders Inc

PO Box 293
Oregon,IL61061 		  PC General operating support 5,000

Project Self-Sufficiency Ft Collins

375 W 37th Street Suite 150
Loveland,CO80538 		  PC General operating support 10,000

Reach for Recovery

PO Box 1875
Holland,MI49422 		  PC General operating support 1,500

Ready for School Initiatives

268 E 8th Street Suite 100
Holland,MI49423 		  PC General operating support 1,000

Realities for Children Charities

308 E County Road 30
Fort Collins,CO80525 		  PC General operating support 250,000

Regional Access & Mobilization Project Inc

202 Market Street
Rockford,IL611073954 		  PC General operating support 15,000

Resilience Advocates for Ending Violence

411 Butternut Drive
Holland,MI49424 		  PC General operating support 1,000

Respite Care Inc

6203 S Lemay Avenue
Fort Collins,CO80525 		  PC General operating support 250,000

Rock House Kids

1325 7th Street
Rockford,IL61104 		  PC General operating support 5,000

Rock River Valley Food Pantry

421 S Rockton Avenue
Rockford,IL61102 		  PC General operating support 10,000

Rock Valley College Foundation

3301 North Mulford Road
Rockford,IL61114 		  PC Educational 129,500

Rockford Area Convention and Visitors Bureau

102 North Main Street
Rockford,IL61101 		  SO I General operating support 150,000

Rockford Area Strategic Initiatives

308 W State Street Suite 350
Rockford,IL61101 		  PC General operating support 250,000

Rockford Rescue Mission Ministries

715 W State Street
Rockford,IL61102 		  PC General operating support 9,843

Senior Action Inc

3715 E North Street Suite K
Greenville,SC29615 		  PC General operating support 2,250

She's in Power

320 E Vine Drive Suite 101
Fort Collins,CO80524 		  PC General operating support 25,000

Shriners Hospital

Post Office Box 31356
Tampa,FL33631 		  PC Medical 5,000

Sorophimist International of Greater Santa Clarita Valley

PO Box 801352
Santa Clarita,CA91380 		  PC General operating support 10,500

Starlight Ministries Inc

4310 Baldwin Street
Hudsonville,MI49426 		  PC General operating support 1,000

The Bridge to Home

23752 Newhall Avenue
Santa Clarita,CA91321 		  PC General operating support 8,000

The Family Center La Familia

309 Hickory Street Unit 5
Fort Collins,CO80524 		  PC General operating support 20,000

The Learning Center House of Connections

2153 S Millard Avenue
Chicago,IL60623 		  PC General operating support 3,500

The Matthews House

415 Mason Court 1
Fort Collins,CO80524 		  PC General operating support 15,000

The Painted Turtle

1300 4th Street No 300
Santa Monica,CA90401 		  PC General operating support 8,000

Transform Rockford

303 N Main Street Suite 110
Rockford,IL61101 		  POF General operating support 115,000

UC Health Northern Colorado Foundation

2315 E Harmony Road Suite 200
Fort Collins,CO80528 		  PC General operating support 100,000

United Way of Larimer County (Give Next)

525 W Oak Street Suite 101
Fort Collins,CO80521 		  PC General operating support 5,000

United Way of River Rock Valley

612 N Main Street Ste 300
Rockford,IL61103 		  PC General operating support 150,000

Vindeket

PO Box 9
Fort Collins,CO80522 		  PC General operating support 40,000

Weld Food Bank

1108 H Street
Greeley,CO80631 		  PC General operating support 10,000

Wild Hearts Equine Therapy Center

598 Wild Hearts Way
Seneca,SC29678 		  PC General operating support 5,000

Wildstang Robotics Support Association

9 S Elmhurst Road Suite 164
Prospect Heights,IL60070 		  PC General operating support 4,000

Wings of Mercy

100 Pine Suite 393
Zeeland,MI49464 		  PC General operating support 1,000

Women's Resource Center

720 S Elmwood Suite 2
Traverse City,MI49684 		  PC General operating support 1,000

Youth & Opportunity United Inc (YOU)

1911 Church Street
Evanston,IL60201 		  PC General operating support 6,000

YWCA - Evanston

1215 Church Street
Evanston,IL60201 		  PC General operating support 5,500

YWCA - Rockford

4990 East State Street
Rockford,IL61108 		  PC General operating support 100,000

Zacharias Sexual Abuse Center

4275 Old Grand Ave
Gurnee,IL60031 		  PC General operating support 6,000
Total .................................right arrow 3a 3,702,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 473,150  
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 ............ 		    18 601,978  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,075,128 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,075,128
(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)
Yes
 
(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
1a(1) 50,000 Fort Collins Area Chamber of Commerce Grant provided to support the Chamber's effors to engage local employers in the development of structured, work-based learning programs aligned with the ABOUT, THROUGH, or AT levels of the State of Colorado's Work-Based Learning Continuum. These acitivites align with the foundation's exempt purpose by promoting workforce development in small businesses in Northern Colorado.
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 34,653 17,327   17,326

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 ExpenditureResponsibilityStmt
Name:
Woodward Charitable Trust
EIN:
84-6025403
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
Transform Rockford
  		303 N Main Suite 110
Rockford,IL61101 		2024-12-19 115,000 To support continuing operations of Transform Rockford through continued work within the community, with local governmental leaders and others. Promoted increased alignment among governmental bodies and not-for-profit organizations in various initiatives to improve the community, facilitatetransformation, and assess best practices for improvement in the community. In addition, facilitated enhanced partnerships between the businesscommunity, local high schools and the community college to develop a talent pipeline network. Promoted a climate of accountability and transparencyrelative to taxation. Worked with members of Mental Health Board and Winnebago County Board to promote mental health. 115,000   9/23/25   The Grantor has no reason to doubt the accuracy or reliability of the report from the grantee; therefore, no independent verification of the report was made.

TY 2024 InvestmentsCorpBondsSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Name of Bond End of Year Book Value End of Year Fair Market Value
MFB Northern Fds Bd Index 633,549 633,549
MFC Flexshares TR TR IBOXX 112,996 112,996
MFO Blackrock Fds High Field Bond 303,650 303,650
MFO Doubleline Funds Trust Core Fixed 309,565 309,565
MFB Northern Funds Ultra Short FXD Inc FD 199,780 199,780

TY 2024 InvestmentsCorpStockSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Name of Stock End of Year Book Value End of Year Fair Market Value
MFB Northern Multi Manager Global 39,499 39,499
Woodward Inc. Common Stock 41,474,528 41,474,528
MFO Harding Loevner Funds International Equity Portfolio 98,930 98,930
MFO Harbor Funds Cap Appreciation Fund 92,147 92,147
MFC SPDR Index SHS FDS S&P Global Nat 73,147 73,147
MFC iShares TR Global Infrastructure 73,439 73,439
MFC Flexshares Trust Quality Divid 145,756 145,756
MFO Dimensional Funds International Value Portfolio 101,990 101,990
MFB Northern International Equity Index Fund 265,785 265,785
MFB Northern Funds Stock Index Fund 696,161 696,161
MFB Northern Funds Small Cap Index Fund 92,044 92,044
MFB Northern Funds Mid Cap Index Fund 86,622 86,622
MFB Northern Funds Active M Emerging 184,082 184,082
MFC Flexshares Morningstar Global Fund 74,429 74,429

TY 2024 InvestmentsOtherSchedule2
Name:
Woodward Charitable Trust
EIN:
84-6025403
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MFO Northern Funds Global Real Estate FMV 62,237 62,237

TY 2024 OtherAssetsSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Interest Receivable 8,018 10,798 10,798


TY 2024 OtherDecreasesSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Description Amount
Book to Tax Difference 255


TY 2024 OtherExpensesSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Illinois Charity Bureau - Filing 15 0   15


TY 2024 OtherIncreasesSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Description Amount
Unrealized Gain 7,395,456
Recovery of Prior Year Grant 10,000


TY 2024 OtherLiabilitiesSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Description Beginning of Year - Book Value End of Year - Book Value
Unsettled Security Transactions 6,169 3,777


TY 2024 OtherProfessionalFeesSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Northern Trust Fees 40,640 40,640   0


TY 2024 TaxesSchedule
Name:
Woodward Charitable Trust
EIN:
84-6025403
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Excise Tax 15,200 0   0
Foreign Tax 1,955 1,955   0