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
David B Jones Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

41-1909574
B Telephone number (see instructions)

(800) 839-1754
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$28,455,336J 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 184,956 184,956  
4 Dividends and interest from securities... 599,966 586,966  
5a Gross rents............ 236,662 236,662  
b Net rental income or (loss) 194,973
6a Net gain or (loss) from sale of assets not on line 10 -97,532
b Gross sales price for all assets on line 6a 18,322,602
7 Capital gain net income (from Part IV, line 2)... 0
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
6,147 6,144  
12 Total. Add lines 1 through 11........ 930,199 1,014,728  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,000     38,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 1,913     1,913
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
137 0 0 137
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
206,587 206,587    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
36,602 25,402    
19 Depreciation (attach schedule) and depletion...     0
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
144,834 64,893   79,841
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 428,073 296,882 0 119,891
25 Contributions, gifts, grants paid....... 1,260,857 1,260,857
26 Total expenses and disbursements. Add lines 24 and 25 1,688,930 296,882 0 1,380,748
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -758,731
b Net investment income (if negative, enter -0-) 717,846
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.............      
2 Savings and temporary cash investments......... 3,108,022 4,853,970 4,853,970
3 Accounts receivable right arrow9,318
Less: allowance for doubtful accounts right arrow     9,318 9,318
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) 5,920,593 Click to see attachment
List of Attached Documents:
// Content
1,684,380 		1,605,810
b Investments—corporate stock (attach schedule)....... 7,562,652 Click to see attachment
List of Attached Documents:
// Content
7,046,833 		9,690,107
c Investments—corporate bonds (attach schedule)....... 1,844,639 Click to see attachment
List of Attached Documents:
// Content
4,057,198 		3,920,354
11 Investments—land, buildings, and equipment: basis right arrow7,106,171
Less: accumulated depreciation (attach schedule) right arrow   7,106,171 Click to see attachment
List of Attached Documents:
// Content
7,106,171 		7,850,003
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 418,597 Click to see attachment
List of Attached Documents:
// Content
444,073 		525,774
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,960,674 25,201,943 28,455,336
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) 30,110 30,110
23 Total liabilities (add lines 17 through 22)......... 30,110 30,110
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 25,930,564 25,171,833
29 Total net assets or fund balances (see instructions)..... 25,930,564 25,171,833
30 Total liabilities and net assets/fund balances (see instructions). 25,960,674 25,201,943
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
25,930,564
2
Enter amount from Part I, line 27a .....................
2
-758,731
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
25,171,833
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,171,833
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      
b Passthrough K1 Capital Gain/(Loss)      
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 18,322,602   18,378,662 -56,060
b       -72
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       -56,060
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 -56,132
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 9,978
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  
3 Add lines 1 and 2........................... 3 9,978
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,978
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 9,205
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,205
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 773
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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
Jaelyn EberleClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Brad GrossenburgClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Don LofgrenClick to see attachment
List of Attached Documents:
// Content
Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Cayce B MaloneClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jeffrey MaloneClick to see attachment
List of Attached Documents:
// Content
Pres
3.0 		25,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Raymond RogersClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		13,000 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Muriel RunholtClick to see attachment
List of Attached Documents:
// Content
Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................right arrow  
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
MALONE CAPITAL ADVISORS LLC Investment Mgmt 192,122
122 S PHILLIPS AVE SUITE 260
SIOUX FALLS,SD57104
Foundation Source Administrative 78,880
55 Walls Drive 3rd Fl
Fairfield,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
16,467,290
b
Average of monthly cash balances.......................
1b
3,700,088
c
Fair market value of all other assets (see instructions)................
1c
8,294,189
d
Total (add lines 1a, b, and c).........................
1d
28,461,567
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
28,461,567
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
426,924
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
28,034,643
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,401,732
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
1,401,732
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
9,978
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,978
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,391,754
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,391,754
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,391,754
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
1,380,748
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,380,748
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 1,391,754
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,331,857
b Total for prior years:20 , 20, 20  
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 ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,380,748
a Applied to 2023, but not more than line 2a 1,331,857
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 48,891
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.    
(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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		1,342,863
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
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.... 0
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).)
NONE
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:
DAVID B JONES FOUNDATION
FOUNDATION SOURCE 501 SILVERSIDE RD
WILMINGTON,DE198091377
(800) 839-1754
bThe form in which applications should be submitted and information and materials they should include:
WWW.DBJONESFOUNDATION.ORG
cAny submission deadlines:
WWW.DBJONESFOUNDATION.ORG
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
WWW.DBJONESFOUNDATION.ORG
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

A MAN AND HIS BONES

2019 S GRANGE AVE
SIOUX FALLS,SD57105 		N/A PC Curation of the Lange/Ferguson Archaeological Site Artifacts and Archive at the South Dakota Archaeological Research Center (ARC) 11,545

ALBION COLLEGE

611 E PORTER ST
ALBION,MI49224 		N/A PC Undergraduate Research on Macro- to Micro-scale Trends in Fossil Accumulation and Preservation during the Permian Period of the Intermountain West 37,334

BIGHORN BASIN PALEONTOLOGICAL INSTITUTE

3959 WELSH RD
WILLOW GROVE,PA19090 		N/A PC David B. Jones Summer Field Internship Program 6,118

BOARD OF THE UNIVERSITY OF ALABAMA

PO BOX 870142
TUSCALOOSA,AL35487 		N/A PC Training the next generation of curators and collection managers via impactful museum collection activities 85,207

CHILDRENS MUSEUM OF PHOENIX

215 N 7TH ST
PHOENIX,AZ85034 		N/A PC Dinosaur Month at the Children's Museum of Phoenix 6,000

DENVER MUSEUM OF NATURE AND SCIENCE

2001 COLORADO BLVD
DENVER,CO80205 		N/A PC David B. Jones Internship Program in Paleontology at the Denver Museum of Nature & Science 39,156

FRIENDS OF NC STATE MUSEUM OF NATURAL SCIENCES

PO BOX 26928
RALEIGH,NC27611 		N/A PC Leveraging the New 'Dueling Dinosaurs' Paleontology Exhibit to Enhance Paleontology Learning for NC Students Youth from Under Resourced Schools and Communities 18,750

IDAHO STATE UNIVERSITY FOUNDATION INC

921 S 8TH AVE STOP 8050
POCATELLO,ID83702 		N/A PC Education Everywhere Idaho 60,000

LOS ANGELES COUNTY MUSEUM OF NATURAL HISTORY FOUND

900 EXPOSITION BLVD
LOS ANGELES,CA90007 		N/A PC Dinosaur Institute Summer Internship in Fossil Conservation at the Natural History Museum of Los Angeles County 70,000

LOYOLA UNIVERSITY OF CHICAGO

820 N MICHIGAN AVE
CHICAGO,IL60611 		N/A PC Expanding insights into end-Cretaceous community dynamics from microfossil assemblages of the Lance Formation, Wyoming 62,337

MACALESTER COLLEGE

1600 GRAND AVE
SAINT PAUL,MN55105 		N/A PC Enriching the Paleontology Experience at Macalester College 27,263

MAMMOTH SITE OF HOT SPRINGS SOUTH DAKOTA INC

1800 HWY 18 BYP
HOT SPRINGS,SD57747 		N/A PC Mammoth Site Intern Program 202,500

MINNESOTA CHILDRENS MUSEUM

10 7TH W ST
SAINT PAUL,MN55102 		N/A PC Dinosaurs: Land of Fire and Ice Exhibit National Tour 65,000

MUSEUM OF THE ROCKIES

PO BOX 172720
BOZEMAN,MT59717 		N/A PC Cretaceous Crossroads and Discover Science!: A Paleontological Education Initiative 145,000

NORTH CAROLINA STATE UNIVERSITY COLLEGE OF SCIENCE

NCSU BOX 7207
RALEIGH,NC27695 		N/A PC K-12 students doing paleontology in the classroom and the lab 38,788

RAYMOND M ALF MUSEUM

1175 W BASELINE RD
CLAREMONT,CA91711 		N/A SO III FI Vertebrate Paleontology of the Mesaverde Formation (Late Cretaceous) of Wyoming 35,040

RAYMOND M ALF MUSEUM

1175 W BASELINE RD
CLAREMONT,CA91711 		N/A SO III FI Cosplay for Science - Paleontology and Pop Culture at San Diego Comic Con STEAM FAIR 27,000

REGENTS OF THE UNIVERSITY OF COLORADO

1800 N GRANT ST STE 200
DENVER,CO80203 		N/A PC Illuminating the Late Cretaceous (ca. 68 - 74 million-year-old) mammals and other tiny vertebrates of Colorado's Western Slope through discovery and study of microvertebrate sites in the Williams Fork Formation 49,156

REGENTS OF THE UNIVERSITY OF MICHIGAN

WOLVERINE TOWER 3003 S STATE ST STE
ANN ARBOR,MI48109 		N/A PC Mammalian evolution in dynamic environments across the K-Pg boundary in the Bighorn Basin, Wyoming 86,315

SCIENCE KIDS

PO BOX 4045
SHERIDAN,WY82801 		N/A PC Science Kids Program Support 50,000

SOCIETY OF VERTEBRATE PALEONTOLOGY

1660 INTERNATIONAL DRSTE 600
MCLEAN,VA22102 		N/A PC Society of Vertebrate Paleontology Futures Award 10,000

STAMFORD MUSEUM AND NATURE CENTER INCORPORATED

39 SCOFIELDTOWN RD
STAMFORD,CT06903 		N/A PC Dinosaur Discoveries at Stamford Museum 5,500

THE UNIVERSITY OF TENNESSEE FOUNDATION INC

209 HURT ST 424B HOLT HUMANITIES
MARTIN,TN38238 		N/A PC Junior Paleontology Program 5,000

UNION MUSEUM OF HISTORY AND ART

211 N MAIN ST
FARMERVILLE,LA71241 		N/A PC Expedition: Ice Age 3,500

UNIVERSITY OF NEW MEXICO FOUNDATION INCORPORATED

TWO WOODWARD CTR 700 LOMAS BLVD NE
ALBUQUERQUE,NM87102 		N/A PC Future Fossils on Fans: The Pilcomayo fan, Paraguay, as a model for terrestrial vertebrate fossil preservation 60,146

UNIVERSITY OF WISCONSIN SYSTEM

21 N PARK ST
MADISON,WI53715 		N/A GOV Paleoecology and Stratigraphy of the Upper Jurassic Dinosaur Fauna of Jurassic National Monument, Emery County, Utah 41,702

WASHINGTON PAVILION MANAGEMENT INC

301 S MAIN AVE
SIOUX FALLS,SD57104 		N/A PC T. Rex Documentary at the Washington Pavilion 12,500
Total .................................right arrow 3a 1,260,857
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 184,956  
4 Dividends and interest from securities ....     14 599,966  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 194,973  
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 -97,532  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		    14 6,144  
bFederal Tax Refund     01 3  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   888,510  
13Total. Add line 12, columns (b), (d), and (e)..................
13
888,510
(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 CompensationExplanation
Name:
David B Jones Foundation
EIN:
41-1909574
Person Name Explanation
Jeffrey Malone *JEFFREY MALONE, PRESIDENT OF DAVID B. JONES FOUNDATION (THE "FOUNDATION"), IS A PRESIDENT AT THE INVESTMENT MANAGEMENT FIRM OF MALONE CAPITAL ADVISORS, LLC, A DISQUALIFIED PERSON WHICH PROVIDES INVESTMENT MANAGEMENT SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2024, THE FOUNDATION PAID $192,122 FOR INVESTMENT MANAGEMENT SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16C. SUCH INVESTMENT MANAGEMENT FIRM BILLED THE FOUNDATION AT THE SAME RATE OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. AT THE SAME RATE OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS.

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

TY 2024 DepreciationSchedule
Name:
David B Jones Foundation
EIN:
41-1909574
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
FARMLAND-SEC 27 2015-01-01 4,320,000   L       0  
FARMLAND-SEC 13 2015-01-01 2,786,171   L       0  

TY 2024 InvestmentsCorpBondsSchedule
Name:
David B Jones Foundation
EIN:
41-1909574
Name of Bond End of Year Book Value End of Year Fair Market Value
AFFILIATED MANAGERS GROUP - 5. 256,028 247,503
AGCO CORP NOTE - 5.800% - 03/2 204,350 201,018
BANK MONTREAL - 5.000% - 08/30 100,000 96,377
BANK OF MONTREAL SER I MTN - 4 100,000 99,295
BIOGEN - 4.050% - 09/15/2025 102,431 99,432
BLACK BELT ENERGY GAS - 5.000% 106,907 105,606
CINCINATTI CHILDRENS HOSP - 2. 120,716 106,844
DEVON ENERGY CORP - 5.200% - 0 146,597 142,529
ENERGY TRANSFER LP - 5.550% - 202,906 198,976
GILEAD SCIENCES - 3.650% - 03/ 99,936 98,800
GOLDMAN SACHS - 2.000% - 05/28 99,900 89,399
GOLDMAN SACHS GROUP - 3.000% - 100,000 95,772
GOLDMAN SACHS GROUP IN SER F - 100,000 98,554
JM SMUCKER - 3.500% - 03/15/20 198,250 199,425
LINCOLN CINTY S D ECONOMIC DEV 100,000 90,601
MARKEL CORP BOND PERPETUAL - 6 200,000 199,626
MARRIOTT INTL INC - 5.350% - 0 153,336 147,876
OCCIDENTAL PETROLEUM - 5.380% 153,825 147,008
OHIO PWR CO - 6.600% - 03/01/2 218,622 211,812
ORLANDO HEALTH OBLIGATED GROUP 196,824 191,540
READY CAPITAL CORP - 5.500% - 100,000 83,730
RENAISSANCERE HOLDING - 5.750% 203,574 200,972
ROGERS CITY MICH GO - 2.300% - 25,515 23,631
SHERWIN WILLIAMS CO - 4.800% - 102,920 98,606
TARGA RES PARTNERS /TARGA RES 101,180 100,315
TOYOTA MTR CR CORP - 5.500% - 100,000 99,254
US BANCORP - 5.500% - 10/29/20 100,000 96,715
US BANCORP SER BB NOTE - 4.967 99,457 95,814
WABTEC NOTE - 5.611% - 03/11/2 263,924 253,324

TY 2024 InvestmentsCorpStockSchedule
Name:
David B Jones Foundation
EIN:
41-1909574
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 188,945 258,180
ALTRIA GROUP INC 446,783 522,900
APPLE INC 46,870 500,840
BERKLEY W R CP 332,625 438,900
BERKSHIRE HATHAWAY INC. CLASS 75,025 226,640
BRISTOL-MYERS SQUIBB CO 262,698 254,520
CANADIAN NATL RAILWAY CO 351,711 304,530
CISCO SYSTEMS INC 155,583 296,000
COMMUNICATION SVCS SLCT SCTR S 62,843 107,459
CONSUMER DISCRETIONARY SELECT 58,437 99,836
CONSUMER STAPLES SELECT SECTOR 42,365 51,883
COSTCO WHOLESALE CORPORATION 800,027 916,269
DEVON ENERGY CORPORATION 308,328 163,650
EAGLE POINT CREDIT COMPANY - 6 100,000 93,280
FEDERAL AGRIC MTG CORP 4.875% 62,500 48,625
FIDELITY CONSERVATIVE INC MUNI 10 10
FINANCIAL SELECT SECTOR SPDR F 74,609 115,992
GABELLI PREF G SHARES 23,008 21,150
JOHNSON & JOHNSON 725,748 723,100
KELLANOVA (FNA KELLOGG CO) 291,146 404,850
LOCKHEED MARTIN CORP 166,213 242,970
MARKEL CORP 135,385 172,623
MICROSOFT CORP 51,646 526,875
NATL FUEL GAS CO 242,180 303,400
RAYTHEON TECHNOLOGIES CORP 709,538 867,899
READY CAPITAL CORP 5.75% 2/15/ 51,400 48,840
SELECT SECTOR SPDR INDUSTRIAL 53,936 83,668
SELECT SECTOR SPDR-HEALTH CARE 85,342 112,807
SNAP ON INC 205,408 339,480
SPDR S&P AEROSPACE AND DEFENSE 165,899 248,730
TECHNOLOGY SPDR 146,868 338,317
TEXAS PACIFIC LAND CORPORATION 161,713 110,596
US BANCORP 242,029 257,565
VANGUARD DIVIDEND APPRECIATION 106,905 195,830
VANGUARD S&P 500 ETF 94,300 269,405
WK KELLOGG CO 18,810 22,488

TY 2024 InvestmentsGovtObligationsSch
Name:
David B Jones Foundation
EIN:
41-1909574
US Government Securities - End of Year Book Value:

617,310
US Government Securities - End of Year Fair Market Value:

606,627
State & Local Government Securities - End of Year Book Value:


1,067,070
State & Local Government Securities - End of Year Fair Market Value:


999,183


TY 2024 InvestmentsLandSchedule2
Name:
David B Jones Foundation
EIN:
41-1909574
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FARMLAND-SEC 27 4,320,000   4,320,000 4,166,807
FARMLAND-SEC 13 2,786,171   2,786,171 3,683,196

TY 2024 InvestmentsOtherSchedule2
Name:
David B Jones Foundation
EIN:
41-1909574
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALBION CAPITAL FUND I, LLC   269,233 269,234
ECM HIGH YIELD FUND II, LLC   131,594 213,292
GREAT PLAINS LODGING VI LLC   43,246 43,248

TY 2024 LegalFeesSchedule
Name:
David B Jones Foundation
EIN:
41-1909574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General Consultations 137     137


TY 2024 OtherExpensesSchedule
Name:
David B Jones Foundation
EIN:
41-1909574
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 78,455     78,455
Administrative Set-Up Fee 425     425
Bank Charges 45 45    
Indemnification Insurance 880     880
K-1 Exp ALBION CAPITAL FUND I, 1,669 1,669    
K-1 Exp ECM HIGH YIELD FUND II 60,070 59,970    
K-1 Exp INVESCO DB AGRICULTURE 477 477    
Miscellaneous 55     55
Property insurance 2,732 2,732    
State or Local Filing Fees 26     26


TY 2024 OtherIncomeSchedule2
Name:
David B Jones Foundation
EIN:
41-1909574
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss ALBION CAPITAL FUND I, LLC 11,056 11,056  
K-1 Inc/Loss ECM HIGH YIELD FUND II, LLC -8,336 -8,336  
K-1 Inc/Loss GREAT PLAINS LODGING VI LLC 360 360  
K-1 Inc/Loss INVESCO DB AGRICULTURE FUND 3,064 3,064  
Federal Tax Refund 3    


TY 2024 OtherProfessionalFeesSchedule
Name:
David B Jones Foundation
EIN:
41-1909574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Appraisal Services 300 300    
Investment Management Services 192,122 192,122    
Professional Services 14,165 14,165    


TY 2024 TaxesSchedule
Name:
David B Jones Foundation
EIN:
41-1909574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 9,000      
990-PF Extension for 2023 2,200      
Foreign Tax Paid 910 910    
Property Taxes 24,492 24,492