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 07-01-2024 , and ending 06-30-2025
Name of foundation
WELDON F OSBORNE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)100 WEST ML KING BLVD 210
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402
A Employer identification number

62-6026442
B Telephone number (see instructions)

(423) 267-0931
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$24,352,706J 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 129,899 129,899  
4 Dividends and interest from securities... 377,186 377,186  
5a Gross rents............ 68,160 68,160  
b Net rental income or (loss) 68,160
6a Net gain or (loss) from sale of assets not on line 10 1,920,639
b Gross sales price for all assets on line 6a 8,613,513
7 Capital gain net income (from Part IV, line 2)... 1,920,639
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
277 277 0
12 Total. Add lines 1 through 11........ 2,496,161 2,496,161 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,000 7,500 0 67,500
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
29,472 1,474 0 27,998
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
184,522 172,522 0 12,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
45,552 13,413 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,749 0 0
20 Occupancy.............. 27,525 5,505 0 22,020
21 Travel, conferences, and meetings....... 4,082 0 0 4,082
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
46,367 4,715 0 41,492
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 415,269 205,129 0 175,092
25 Contributions, gifts, grants paid....... 1,302,478 1,352,424
26 Total expenses and disbursements. Add lines 24 and 25 1,717,747 205,129 0 1,527,516
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 778,414
b Net investment income (if negative, enter -0-) 2,291,032
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............. 116,652 350,668 350,668
2 Savings and temporary cash investments......... 1,663,284 1,553,831 1,553,831
3 Accounts receivable right arrow37,290
Less: allowance for doubtful accounts right arrow   18,241 37,290 37,290
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.......... 16,391 15,865 15,865
10a Investments—U.S. and state government obligations (attach schedule) 1,404,387 Click to see attachment
List of Attached Documents:
// Content
1,610,979 		1,610,979
b Investments—corporate stock (attach schedule)....... 19,220,555 Click to see attachment
List of Attached Documents:
// Content
19,903,262 		19,903,262
c Investments—corporate bonds (attach schedule)....... 671,571 Click to see attachment
List of Attached Documents:
// Content
596,317 		596,317
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)..........      
14 Land, buildings, and equipment: basis right arrow85,702
Less: accumulated depreciation (attach schedule) right arrow64,310 15,997 Click to see attachment
List of Attached Documents:
// Content
21,392 		21,392
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
263,102 		Click to see attachment
List of Attached Documents:
// Content
263,102 		Click to see attachment
List of Attached Documents:
// Content
263,102
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,390,180 24,352,706 24,352,706
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 358,592 296,000
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
-12,646 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 345,946 296,000
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........... 23,044,234 24,056,706
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 23,044,234 24,056,706
30 Total liabilities and net assets/fund balances (see instructions). 23,390,180 24,352,706
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
23,044,234
2
Enter amount from Part I, line 27a .....................
2
778,414
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
234,058
4
Add lines 1, 2, and 3 ..........................
4
24,056,706
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,056,706
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
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 8,613,513   6,692,874 1,920,639
b
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       1,920,639
b
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 1,920,639
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 31,845
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 31,845
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 31,845
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 37,382
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 37,382
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 185
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 5,352
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow5,352 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 arrowTN
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWFOSBORNEFOUNDATION.ORG
14
The books are in care ofright arrowWSCOTT MATTICESR Telephone no.right arrow (423) 267-0931

Located atright arrow100 WEST ML KING BLVD STE 210CHATTANOOGATN ZIP+4right arrow37402
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
GENE BURNETT TREASURER
2.00 		0 0 0
100 WEST ML KING BLVD STE 210
CHATTANOOGA,TN37402
C DUFFY FRANCK JR TRUSTEE
2.00 		0 0 0
100 WEST ML KING BLVD STE 210
CHATTANOOGA,TN37402
GLENN STOPHEL VICE PRESIDENT
2.00 		0 0 0
100 WEST ML KING BLVD STE 210
CHATTANOOGA,TN37402
WSCOTT MATTICE SR PRESIDENT
15.00 		0 0 0
100 WEST ML KING BLVD STE 210
CHATTANOOGA,TN37402
CHRISTINE B SMITH SECRETARY
2.00 		0 0 0
100 WEST ML KING BLVD STE 210
CHATTANOOGA,TN37402
BARBARA MARTER ASSISTANT SECRETARY/TREASURER
40.00 		75,000 0 0
100 WEST ML KING BLVD STE 210
CHATTANOOGA,TN37402
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NONE - NO ACTIVITIES OTHER THAN GRANT MAKING 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A - FOUNDATION IS ENGAGED SOLELY IN GRANT MAKING ACTIVITIES 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
22,084,156
b
Average of monthly cash balances.......................
1b
1,564,104
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
23,648,260
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
23,648,260
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
354,724
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,293,536
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,164,677
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
1,164,677
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
31,845
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
31,845
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,132,832
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,132,832
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
1,132,832
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
1,527,516
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
1,527,516
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 1,132,832
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...... 298,901
b From 2020...... 340,371
c From 2021...... 224,778
d From 2022...... 399,663
e From 2023...... 364,120
f Total of lines 3a through e ........ 1,627,833
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,527,516
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..... 1,132,832
e Remaining amount distributed out of corpus 394,684
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 2,022,517
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) ... 		298,901
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,723,616
10 Analysis of line 9:
a Excess from 2020.... 340,371
b Excess from 2021.... 224,778
c Excess from 2022.... 399,663
d Excess from 2023.... 364,120
e Excess from 2024.... 394,684
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:
BARBARA MARTER
100 WEST ML KING BLVD STE 210
CHATTANOOGA,TN37402
(423) 267-0931
WOSBORNE@WFOSBORNEFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
RELIGIOUS AND PUBLIC CHARITABLE ORGANIZATIONS MAY VISIT FOUNDATION WEBSITE TO COMPLETE AN ONLINE APPLICATION FOR GRANT SUBMISSION.
cAny submission deadlines:
NONE NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ALL CONTRIBUTIONS ARE MADE TO QUALIFIED 501(C)(3) ORGANIZATIONS.
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

CHATTANOOGA AREA FOOD BANK

2009 CURTAIN POLE RD
CHATTANOOGA,TN37406 		NONE PC TECHNOLOGY 15,000

CHATTANOOGA AUDUBON SOCIETY

900 N SANCTUARY RD
CHATTANOOGA,TN37421 		NONE PC GENERAL OPERATING 5,000

CHATTANOOGA GIRLS LEADERSHIP ACADEMY

1802 BAILEY AVE
CHATTANOOGA,TN37404 		NONE PC PROGRAM SUPPORT 15,000

CHATTANOOGA OUTREACH DBA UNION GOSPEL MISSION

124 SIGNAL HILLS DR
CHATTANOOGA,TN37405 		NONE PC CAPACITY BUILDING 10,000

CHATTANOOGA STATE COMMUNITY COLLEGE

4501 AMNICOLA HIGHWAY
CHATTANOOGA,TN37406 		NONE PC PROGRAM SUPPORT 50,000

CHATTANOOGA SUSTAINABLE FOOD CENTER (GAINING GROUND GROCERY)

1918 UNION AVE
CHATTANOOGA,TN37404 		NONE PC CAPITAL CAMPAIGN 8,832

CHILDREN'S ADVOCACY CENTER OF HAMILTON COUNTY

5705 UPTAIN RD
CHATTANOOGA,TN37411 		NONE PC GENERAL OPERATING 5,000

CHOICES PREGNANCY RESOURCE CENTER

951 EASTGATE LOOP SUITE 1000
CHATTANOOGA,TN37411 		NONE PC GENERAL OPERATING 15,000

DISCOVERY LEARNERS' ACADEMY

4315 BRAINERD RD
CHATTANOOGA,TN37411 		NONE PC PROGRAM SUPPORT 10,000

ERLANGER HEALTH

1200 DODSON AVE 51
CHATTANOOGA,TN37406 		NONE PC TECHNOLOGY 50,000

HAMILTON COUNTY COALITION

5721 MARLIN RD BUILDING 6100 SUITE
3200
CHATTANOOGA,TN37411 		NONE PC PROGRAM SUPPORT 20,000

A STEP AHEAD CHATTANOOGA

PO BOX 4212
CHATTANOOGA,TN37405 		NONE PC PROGRAM SUPPORT 5,000

ARTSBUILD

301 E 11TH STREET SUITE 300
CHATTANOOGA,TN37403 		NONE PC PROGRAM RELATED 10,000

BETHEL BIBLE VILLAGE

3001 HAMILL RD
HIXSON,TN37343 		NONE PC GENERAL OPERATING 35,000

BIG BROTHERS BIG SISTERS OF GREATER CHATTANOOGA

2015 BAILEY AVENUE
CHATTANOOGA,TN37404 		NONE PC GENERAL OPERATING 15,000

BOYS AND GIRLS CLUBS OF CHATTANOOGA

PO BOX 11567
CHATTANOOGA,TN37401 		NONE PC PROGRAM SUPPORT 15,000

BRAND OF THE CROSS MINISTRIES INC

3460 KEITH ROAD
RINGGOLD,GA30736 		NONE PC PROGRAM RELATED 4,000

BRYAN COLLEGE

P O BOX 7792
DAYTON,TN37321 		NONE PC OPERATING 30,000

CATHOLIC CHARITIES OF EAST TENNESSEE

5720 UPTAIN ROAD
CHATTANOOGA,TN37411 		NONE PC PROGRAM SUPPORT 5,000

CHAMBLISS CENTER FOR CHILDREN

315 GILLESPIE ROAD
CHATTANOOGA,TN37411 		NONE PC CAPITAL CAMPAIGN 25,000

CHATTANOOGA AUTISM CENTER

1400 MCCALLIE AVE
CHATTANOOGA,TN37404 		NONE PC PROGRAM SUPPORT 15,000

CHATTANOOGA COMMUNITY KITCHEN

P O BOX 11203
CHATTANOOGA,TN37401 		NONE PC OPERATING 5,000

CHATTANOOGA ROOM IN THE INN

230 N HIGHLAND PARK AVENUE
CHATTANOOGA,TN37404 		NONE PC PROGRAM SUPPORT 10,000

CHATTANOOGA STATE COMMUNITY COLLEGE FOUNDATION

4501 AMNICOLA HIGHWAY
CHATTANOOGA,TN37406 		NONE PC OPERATING 5,000

CHI MEMORIAL FOUNDATION

2525 DE SALES AVENUE
CHATTANOOGA,TN30736 		NONE PC OPERATING 16,500

COMMUNITY FOUNDATION OF GREATER CHATTANOOGA

1400 WILLIAMS STREET
CHATTANOOGA,TN37408 		NONE PC OPERATING 69,592

CROSSROADS OF EAST TENNESSEE

P O BOX 362
CLEVELAND,TN37364 		NONE PC PROGRAM RELATED 2,000

EAST TENNESSEE ALLIANCE FOR ANIMALS

5251 HWY 153 SUITE C
HIXSON,TN37343 		NONE PC OPERATING 2,500

EPILEPSY FOUNDATION SOUTHEAST TN

PO BOX 4782
CHATTANOOGA,TN37505 		NONE PC PROGRAM SUPPORT 10,000

ETHNOS360

312 WEST FIRST STREET
SANFORD,FL32771 		NONE PC PROGRAM RELATED 5,000

FIRST THINGS FIRST

1427 WILLIAMS STREET
CHATTANOOGA,TN37408 		NONE PC PROGRAM SUPPORT 10,000

GENEROSITY TRUST THE

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE PC OPERATING 100,000

GIRLS INC OF CHATTANOOGA

4505 BRAINERD ROAD
CHATTANOOGA,TN37411 		NONE PC PROGRAM SUPPORT 15,000

GIRLS PREPARATORY SCHOOL

205 ISLAND AVE FRNT DESK
CHATTANOOGA,TN37405 		NONE PC OPERATING 17,500

GRACE BAPTIST ACADEMY

7815 SHALLOWFORD ROAD
CHATTANOOGA,TN37421 		NONE PC TECHNOLOGY 10,000

HABITAT FOR HUMANITY OF GREATER CHATTANOOGA AREA

1201 E MAIN ST
CHATTANOOGA,TN37408 		NONE PC PROGRAM SUPPORT 10,000

HOPE FOR THE INNER CITY

1800 ROANOKE AVENUE
CHATTANOOGA,TN37406 		NONE PC CAPACITY BUILDING 15,000

HOSANNA COMMUNITY

6410 GRUBB ROAD
HIXSON,TN37343 		NONE PC TECHNOLOGY 30,000

HUMANE EDUCATIONAL SOCIETY

4155 RANDOLPH CIRCLE
CHATTANOOGA,TN37406 		NONE PC TECHNOLOGY 3,500

LA PAZ CHATTANOOGA DE DIOS INC

809 S WILLOW STREET
CHATTANOOGA,TN37404 		NONE PC PROGRAM SUPPORT 10,000

LIFESPRING COMMUNITY HEALTH

1042 EAST 3RD STREET
CHATTANOOGA,TN37403 		NONE PC PROGRAM SUPPORT 30,000

LOOKOUT MOUNTAIN CONSERVANCY

PO BOX 76
LOOKOUT MOUNTAIN,TN37350 		NONE PC PROGRAM SUPPORT 10,000

MCCALLIE SCHOOL

500 DODDS AVENUE
CHATTANOOGA,TN37402 		NONE PC OPERATING 2,500

NATIONAL CENTER FOR YOUTH ISSUES INC

6101 PRESERVATION DRIVE
CHATTANOOGA,TN37416 		NONE PC PROGRAM SUPPORT 20,000

NORTHSIDE NEIGHBORHOOD HOUSE

PO BOX 4086
CHATTANOOGA,TN37405 		NONE PC PROGRAM SUPPORT 15,000

NOTRE DAME HIGH SCHOOL

2701 VERMONT AVE
CHATTANOOGA,TN37404 		NONE PC OPERATING 2,500

NOTRE DAME HIGH SCHOOL

2701 VERMONT AVE
CHATTANOOGA,TN37404 		NONE PC CAPACITY BUILDING 5,000

ORANGE GROVE CENTER

615 DERBY STREET
CHATTANOOGA,TN37404 		NONE PC PROGRAM SUPPORT 15,000

PIONEERS

10123 WILLIAM CAREY DRIVE
ORLANDO,FL32832 		NONE PC PROGRAM RELATED 5,000

PUBLIC SCHOOL BIBLE STUDY COMMITTEE

P O BOX 4228
CHATTANOOGA,TN37405 		NONE PC PROGRAM RELATED 6,000

SPARC

6638 DECLARATION DRIVE
HIXSON,TN37343 		NONE PC OPERATING 6,000

SCORE INTERNATIONAL

602 BELVOIR AVENUE
CHATTANOOGA,TN37412 		NONE PC OPERATING 4,000

SHEPHERD'S ARMS RESCUE MISSION

P O BOX 16758
CHATTANOOGA,TN37416 		NONE PC PROGRAM SUPPORT 25,000

SLEEP IN HEAVENLY PEACE INC

1560 ELDRIDGE AVENUE
TWIN FALLS,ID83301 		NONE PC PROGRAM SUPPORT 10,000

ST JUDE CATHOLIC CHURCH

930 ASHLAND TERRACE
CHATTANOOGA,TN37145 		NONE PC OPERATING 5,000

STREET2STREET

555 GOFFLE ROAD STE 212
RIDGEWOOD,NJ07450 		NONE PC PROGRAM RELATED 4,000

TEACH FOR AMERICA NASHVILLE-CHATTANOOGA

123 E 7TH ST SUITE 302
CHATTANOOGA,TN37403 		NONE PC GENERAL OPERATING 15,000

THE BETHLEHEM CENTER

200 WEST 38TH STREET
CHATTANOOGA,TN37410 		NONE PC PROGRAM SUPPORT 10,000

THE HAPPY SHOES PROJECT

PO BOX 356
OOLTEWAH,TN37363 		NONE PC PROGRAM SUPPORT 10,000

THE LAUNCH PAD

617 MARLBORO AVENUE
CHATTANOOGA,TN37412 		NONE PC PROGRAM SUPPORT 10,000

THE NONPROFIT RESOURCE CENTER

P O BOX 8608
CHATTANOOGA,TN37414 		NONE PC OPERATING 7,500

TRANS WORLD RADIO

2407 QUEENS LACE TRAIL
KNOXVILLE,TN37924 		NONE PC OPERATING 2,000

UC FOUNDATION INC

615 MCCALLIE AVENUE UTC-DEPT 3503
CHATTANOOGA,TN37403 		NONE PC CAPITAL CAMPAIGN 83,000

UNITED WAY OF GREATER CHATTANOOGA

630 MARKET ST
CHATTANOOGA,TN37402 		NONE PC PROGRAM SUPPORT 10,000

VOLUNTEERS IN MEDICINE CHATTANOOGA INC

5705 MARLIN ROAD SUITE 1400
CHATTANOOGA,TN37414 		NONE PC GENERAL OPERATING 30,000

WALTER E BOEHM BIRTH DEFECTS CENTER

975 E 3RD STREET
CHATTANOOGA,TN37403 		NONE PC OPERATING 1,000

WELCOME HOME OF CHATTANOOGA

PO BOX 4247
CHATTANOOGA,TN37405 		NONE PC PROGRAM SUPPORT 20,000

WTCI PBS TV

7540 BONNYSHIRE DRIVE
CHATTANOOGA,TN37416 		NONE PC PROGRAM SUPPORT 20,000

KIDNEY FOUNDATION OF THE GREATER CHATTANOOGA AREA INC

931 MCCALLIE AVENUE
CHATTANOOGA,TN37403 		NONE PC PROGRAM SUPPORT 10,000

LOVE WITHOUT REASON

5600 BRAINERD ROAD SUITE WS-3
CHATTANOOGA,TN37411 		NONE PC PROGRAM SUPPORT 10,000

METROPOLITAN MINISTRIES

4001 ROSSVILLE BLVD
CHATTANOOGA,TN37407 		NONE PC PROGRAM SUPPORT 10,000

ON POINT

4509 HIXSON PIKE STE 1
HIXSON,TN37343 		NONE PC PROGRAM SUPPORT 10,000

PARTNERSHIP FOR FAMILIES CHILDREN AND ADULTS INC

5600 BRAINERD RD E3
CHATTANOOGA,TN37411 		NONE PC PROGRAM SUPPORT 50,000

SK THERAPY INC (SPECIAL KIDS CHATTANOOGA)

6221 SHALLOWFORD RD SUITE 101
CHATTANOOGA,TN37421 		NONE PC CAPACITY BUILDING 10,000

STUDENTS TAKING A RIGHT STAND--CHATTANOOGA

161 W 40TH ST STE 310
CHATTANOOGA,TN37410 		NONE PC PROGRAM SUPPORT 5,500

THE MOMENTUM NETWORK

1152 LINCOLN PARK LN
CHATTANOOGA,TN37403 		NONE PC PROGRAM SUPPORT 10,000

TIVOLI THEATRE FOUNDATION INC

399 MCCALLIE AVE
CHATTANOOGA,TN37402 		NONE PC PROGRAM SUPPORT 10,000

BOYS AND GIRLS CLUBS OF CHATTANOOGA

PO BOX 11567
CHATTANOOGA,TN37401 		NONE PC OPERATING 500

CHAMBLISS CENTER FOR CHILDREN

315 GILLESPIE ROAD
CHATTANOOGA,TN37411 		NONE PC OPERATING 5,000

CHI MEMORIAL FOUNDATION

2525 DE SALES AVENUE
CHATTANOOGA,TN30736 		NONE PC CAPITAL CAMPAIGN 25,000

GIRLS PREPARATORY SCHOOL

205 ISLAND AVE FRNT DESK
CHATTANOOGA,TN37405 		NONE PC PROGRAM RELATED 15,000

HUMANE EDUCATIONAL SOCIETY

4155 RANDOLPH CIRCLE
CHATTANOOGA,TN37406 		NONE PC OPERATING 4,500

PUBLIC SCHOOL BIBLE STUDY COMMITTEE

P O BOX 4228
CHATTANOOGA,TN37405 		NONE PC GENERAL OPERATING 30,000

THE NONPROFIT RESOURCE CENTER

P O BOX 8608
CHATTANOOGA,TN37414 		NONE PC GENERAL OPERATING 50,000

TRANS WORLD RADIO

2407 QUEENS LACE TRAIL
KNOXVILLE,TN37924 		NONE PC PROGRAM RELATED 4,000
Total .................................right arrow 3a 1,352,424
bApproved for future payment

SISKIN CHILDREN'S INSTITUTE
1101 CARTER STREET
CHATTANOOGA,TN37402 		NONE PC OPERATING 6,000

COMMUNITY FOUNDATION OF GREATER CHATTANOOGA
1400 WILLIAMS STREET
CHATTANOOGA,TN37408 		NONE PC PROGRAM RELATED 100,000

GENEROSITY TRUST THE
345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE PC PROGRAM RELATED 100,000

SPARC
6638 DECLARATION DRIVE
HIXSON,TN37343 		NONE PC OPERATING 6,000

UC FOUNDATION INC
615 MCCALLIE AVENUE UTC-DEPT 3503
CHATTANOOGA,TN37403 		NONE PC CAPITAL CAMPAIGN 84,000
Total ................................. right arrow 3b 296,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 129,899  
4 Dividends and interest from securities ....     14 377,186  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 68,160  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 277  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,920,639  
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 2,496,161 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,496,161
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 29,472 1,474 0 27,998

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

TY 2024 DepreciationSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
PRINTER & SCANNER FROM OFFICE DEPOT 2008-01-16 213 213 SL 5.000000000000 0 0 0  
PRINTER/SCANNER/COPIER 2010-07-22 362 362 SL 5.000000000000 0 0 0  
RENOVATION OF OFFICE (TU PARKS) 2000-02-01 29,957 18,271 SL 40.000000000000 749 0 0  
OFFICE EQUIPMENT 1996-11-19 460 460 SL 7.000000000000 0 0 0  
OFFICE EQUIPMENT 1997-01-07 2,067 2,067 SL 7.000000000000 0 0 0  
2 BRONZE CHAIRSIDE TABLES 1999-09-30 808 808 SL 7.000000000000 0 0 0  
1 WHITTAMORE SHERRILL SOFA 1999-09-30 2,859 2,859 SL 7.000000000000 0 0 0  
PULASKI CREDENZA 1999-09-30 1,019 1,019 SL 7.000000000000 0 0 0  
2 ARM CHAIRS 1999-09-30 1,226 1,226 SL 7.000000000000 0 0 0  
BRONZE TEA TABLE 1999-09-30 458 458 SL 7.000000000000 0 0 0  
1 LA BARGE ESUIRROR 1999-09-30 496 496 SL 7.000000000000 0 0 0  
10 CONFERENCE CHAIRS 1999-10-08 3,450 3,450 SL 7.000000000000 0 0 0  
TABLE TOP AND BASE 1999-10-08 697 697 SL 7.000000000000 0 0 0  
2 DOOR CABINET 1999-10-14 559 559 SL 7.000000000000 0 0 0  
2 GREEN MARBLE LAMPS 1999-10-14 998 998 SL 7.000000000000 0 0 0  
OUR TOWN PRINTS (STAMPERS) 1999-11-16 698 698 SL 7.000000000000 0 0 0  
2 FEATHERLIGHT HURRICANE LAMPS 1999-10-14 330 330 SL 7.000000000000 0 0 0  
STYLECRAFT DESK LAMP 1999-10-14 110 110 SL 7.000000000000 0 0 0  
MAHOGANY TYPING TABLE 1999-11-10 85 85 SL 7.000000000000 0 0 0  
48 IN ROUND TOP &CYLINDER BASE 1999-11-10 340 340 SL 7.000000000000 0 0 0  
TWO DOOR CABINET 1999-11-10 559 559 SL 7.000000000000 0 0 0  
FRAMING PRINTS 1999-11-10 684 684 SL 7.000000000000 0 0 0  
HANDMADE WINDOW DRAPERIES 1999-10-07 1,279 1,279 SL 7.000000000000 0 0 0  
2 HANDMADE RUGS 1999-10-08 2,293 2,293 SL 7.000000000000 0 0 0  
FRAMING 3 CALENDAR PHOTOS 2000-02-01 736 736 SL 7.000000000000 0 0 0  
SOFTWARE- GRANT LIFECYLE 2012-11-01 8,000 8,000 SL 3.000000000000 0 0 0  
HP 8300 COMPAQ ELITE & MONITOR 2013-06-23 2,181 2,181 SL 5.000000000000 0 0 0  
HP LASER JET PRO 400 PRINTER 2013-06-23 1,377 1,377 SL 5.000000000000 0 0 0  
7 IPADS & COVERS & KEYBOARD 2013-12-12 4,323 4,323 SL 5.000000000000 0 0 0  
HP LAPTOP 2018-02-20 3,006 3,006 SL 5.000000000000 0 0 0  
HP DESKTOP COMPUTER FOR OFFICE 2022-01-21 2,559 1,280 SL 5.000000000000 512 0 0  
55" HISENSE TV ON WALL 2023-09-20 832 83 SL 5.000000000000 166 0 0  
THINKPAD 13" YOGA GEN 2023-09-20 1,398 140 SL 5.000000000000 280 0 0  
MEETING OWL W/CONFERENCE SPEAKER 2023-10-05 1,139 114 SL 5.000000000000 228 0 0  
SHARP 35PPM A4 COLOR PRINTER 2024-07-30 4,679   SL 5.000000000000 468 0 0  
INTEL CORE ULTRA 7 155H NVIDIA RTX 500 2025-03-03 1,993   SL 5.000000000000 199 0 0  
13"APPLE AIR M3 IPAD PENCIL PRO 2025-04-23 1,472   SL 5.000000000000 147 0 0  

TY 2024 InvestmentsCorpBondsSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Name of Bond End of Year Book Value End of Year Fair Market Value
MERRILL LYNCH ACT#11 596,317 596,317

TY 2024 InvestmentsCorpStockSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Name of Stock End of Year Book Value End of Year Fair Market Value
UBS FINANCIAL SERVICES ACT#45 1,272,588 1,272,588
UBS FINANCIAL SERVICES ACT#46 4,892,991 4,892,991
UBS FINANCIAL SERVICES ACT#44 2,923,825 2,923,825
UBS FINANCIAL SERVICES ACT#31 2,722,126 2,722,126
MERRILL LYNCH ACT#81 3,293,252 3,293,252
MERRILL LYNCH ACT#82 1,457,404 1,457,404
MERRILL LYNCH ACT#83 1,115,608 1,115,608
MERRILL LYNCH ACT#62 1,483,639 1,483,639
MERRILL LYNCH ACT#11 741,829 741,829

TY 2024 InvestmentsGovtObligationsSch
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
US Government Securities - End of Year Book Value:

1,610,979
US Government Securities - End of Year Fair Market Value:

1,610,979
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 LandEtcSchedule2
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
PRINTER & SCANNER FROM OFFICE DEPOT 213 213 0  
PRINTER/SCANNER/COPIER 362 362 0  
RENOVATION OF OFFICE (TU PARKS) 29,957 19,020 10,937  
OFFICE EQUIPMENT 460 460 0  
OFFICE EQUIPMENT 2,067 2,067 0  
2 BRONZE CHAIRSIDE TABLES 808 808 0  
1 WHITTAMORE SHERRILL SOFA 2,859 2,859 0  
PULASKI CREDENZA 1,019 1,019 0  
2 ARM CHAIRS 1,226 1,226 0  
BRONZE TEA TABLE 458 458 0  
1 LA BARGE ESUIRROR 496 496 0  
10 CONFERENCE CHAIRS 3,450 3,450 0  
TABLE TOP AND BASE 697 697 0  
2 DOOR CABINET 559 559 0  
2 GREEN MARBLE LAMPS 998 998 0  
OUR TOWN PRINTS (STAMPERS) 698 698 0  
2 FEATHERLIGHT HURRICANE LAMPS 330 330 0  
STYLECRAFT DESK LAMP 110 110 0  
MAHOGANY TYPING TABLE 85 85 0  
48 IN ROUND TOP &CYLINDER BASE 340 340 0  
TWO DOOR CABINET 559 559 0  
FRAMING PRINTS 684 684 0  
HANDMADE WINDOW DRAPERIES 1,279 1,279 0  
2 HANDMADE RUGS 2,293 2,293 0  
FRAMING 3 CALENDAR PHOTOS 736 736 0  
SOFTWARE- GRANT LIFECYLE 8,000 8,000 0  
HP 8300 COMPAQ ELITE & MONITOR 2,181 2,181 0  
HP LASER JET PRO 400 PRINTER 1,377 1,377 0  
7 IPADS & COVERS & KEYBOARD 4,323 4,323 0  
HP LAPTOP 3,006 3,006 0  
HP DESKTOP COMPUTER FOR OFFICE 2,559 1,792 767  
55" HISENSE TV ON WALL 832 249 583  
THINKPAD 13" YOGA GEN 1,398 420 978  
MEETING OWL W/CONFERENCE SPEAKER 1,139 342 797  
SHARP 35PPM A4 COLOR PRINTER 4,679 468 4,211  
INTEL CORE ULTRA 7 155H NVIDIA RTX 500 1,993 199 1,794  
13"APPLE AIR M3 IPAD PENCIL PRO 1,472 147 1,325  


TY 2024 OtherAssetsSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
LIFE INSURANCE RECEIVABLE 263,102 263,102 263,102


TY 2024 OtherExpensesSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 11,219 0 0 11,219
PARKING 2,910 349 0 2,561
DIRECTORS EXPENSES 2,578 1,289 0 1,289
MISCELLANEOUS EXPENSE 3,855 0 0 3,855
OFFICE EXPENSE 25,645 3,077 0 22,568
PENALTIES 160 0 0 0


TY 2024 OtherIncomeSchedule2
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LAWSUIT SETTLEMENTS RELATED TO INVESTMENTS 277 277  


TY 2024 OtherIncreasesSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Description Amount
UNREALIZED GAINS 234,058


TY 2024 OtherLiabilitiesSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Description Beginning of Year - Book Value End of Year - Book Value
GRANTS PAYABLE DISCOUNT ALLOWANCE -12,646 0


TY 2024 OtherProfessionalFeesSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES 172,522 172,522 0 0
PROFESSIONAL & CONSULTING FEES 12,000 0 0 12,000


TY 2024 TaxesSchedule
Name:
WELDON F OSBORNE FOUNDATION INC
EIN:
62-6026442
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN INCOME TAXES 13,413 13,413 0 0
TAXES & LICENSES 20 0 0 0
FEDERAL EXCISE TAX 32,119 0 0 0