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
JUDD LEIGHTON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)202 S Michigan Street Suite 910
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
South Bend, IN46601
A Employer identification number

35-2120550
B Telephone number (see instructions)

(574) 232-5970
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$149,593,378J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,966,419 2,287,952  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
9,065,547
b Gross sales price for all assets on line 6a 19,245,250
7 Capital gain net income (from Part IV, line 2)... 8,147,798
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
0 107,744 0
12 Total. Add lines 1 through 11........ 11,031,966 10,543,494 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 503,963 251,981   251,982
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 30,527 15,264   15,263
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
46,746 11,686 0 35,060
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
110,987 17,920 0 11,488
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,091,668 1,091,668 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
235,128 2,175 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 30,144 15,072   15,072
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,834 546,425 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,067,997 1,952,191 0 328,865
25 Contributions, gifts, grants paid....... 11,191,993 6,738,585
26 Total expenses and disbursements. Add lines 24 and 25 13,259,990 1,952,191 0 7,067,450
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,228,024
b Net investment income (if negative, enter -0-) 8,591,303
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............. 2,577,290 409,575 409,575
2 Savings and temporary cash investments......... 788,275 1,842,593 1,842,593
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,239,383 Click to see attachment
List of Attached Documents:
// Content
2,625,436 		2,625,436
b Investments—corporate stock (attach schedule)....... 60,413,429 Click to see attachment
List of Attached Documents:
// Content
61,589,037 		61,589,037
c Investments—corporate bonds (attach schedule)....... 5,428,924 Click to see attachment
List of Attached Documents:
// Content
7,712,793 		7,712,793
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 62,205,362 Click to see attachment
List of Attached Documents:
// Content
70,332,938 		70,332,938
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,824,700 		Click to see attachment
List of Attached Documents:
// Content
5,081,006 		Click to see attachment
List of Attached Documents:
// Content
5,081,006
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 138,477,363 149,593,378 149,593,378
Liabilities 17 Accounts payable and accrued expenses.......... 88,690 92,147
18 Grants payable................. 8,785,104 13,188,513
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
815,032 		Click to see attachment
List of Attached Documents:
// Content
1,000,160
23 Total liabilities (add lines 17 through 22)......... 9,688,826 14,280,820
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........... 124,034,146 130,331,318
25 Net assets with donor restrictions............ 4,754,391 4,981,240
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)..... 128,788,537 135,312,558
30 Total liabilities and net assets/fund balances (see instructions). 138,477,363 149,593,378
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
128,788,537
2
Enter amount from Part I, line 27a .....................
2
-2,228,024
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,752,045
4
Add lines 1, 2, and 3 ..........................
4
135,312,558
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
135,312,558
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 ALTERNATIVE INVESTMENTS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 19,245,250   10,179,703 9,065,547
b 0   917,749 -917,749
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     0 9,065,547
b     0 -917,749
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 8,147,798
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) 1 119,419
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-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 119,419
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- ..... 5 119,419
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 54,144
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 80,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 134,144
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 14,725
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow14,725 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowIN
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 arrowwww.juddleightonfoundation.org
14
The books are in care ofright arrowJames Keenan Telephone no.right arrow (574) 232-5970

Located atright arrow202 S Michigan Street Suite 910South BendIN ZIP+4right arrow46601
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
Yes
 
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
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
Yes
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
No
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
John Pycik Vice President / Secretary
3.00 		56,000 0 0
202 S Michigan Street Suite 910
South Bend,IN46601
Jerry French Director
3.00 		50,000 0 0
202 S Michigan Street Suite 910
South Bend,IN46601
Donald F Walter Director
3.00 		54,500 0 0
202 S Michigan Street Suite 910
South Bend,IN46601
James F Keenan President / Treasurer
20.00 		165,000 0 0
202 S Michigan Street Suite 910
South Bend,IN46601
Kate Mullins Executive Director
40.00 		115,500 0 0
202 S Michigan Street Suite 910
South Bend,IN46601
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 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
WALTER & KEENAN FINANCIAL CONSULTING FINANCIAL MANAGEMENT 1,091,668
202 S Michigan St Suite 910
SOUTH BEND,IN46601
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 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
84,998,125
b
Average of monthly cash balances.......................
1b
1,965,628
c
Fair market value of all other assets (see instructions)................
1c
60,411,837
d
Total (add lines 1a, b, and c).........................
1d
147,375,590
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
 
3
Subtract line 2 from line 1d.........................
3
147,375,590
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,210,634
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
145,164,956
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,258,248
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
7,258,248
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
119,419
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
119,419
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,138,829
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
7,138,829
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
7,138,829
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
7,067,450
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
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,067,450
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 7,138,829
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 856,466
b Total for prior years:2022, 2021, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 1,717,542
b From 2020...... 0
c From 2021...... 990,147
d From 2022...... 903,526
e From 2023...... 0
f Total of lines 3a through e ........ 3,611,215
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 7,067,450
a Applied to 2023, but not more than line 2a 856,466
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..... 6,210,984
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 927,845 927,845
(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 2,683,370
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...... 		 
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) ... 		789,697
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,893,673
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 990,147
c Excess from 2022.... 903,526
d Excess from 2023.... 0
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:
Kate Mullins
202 S MICHIGAN ST SUITE 900
SOUTH BEND,IN46601
(574) 232-5970
bThe form in which applications should be submitted and information and materials they should include:
GRANT APPLICANTS SHOULD REVIEW THE GRANT GUIDELINES FOUND ON THE FOUNDATION WEBSITE AT JUDDLEIGHTONFOUNDATION.ORG. PARTICULAR ATTENTION SHOULD BE PAID TO THE FOUNDATION'S PRIMARY FOCUS AREAS. APPLICANTS SHOULD CLEARLY STATE IN THIER APPLICATION HOW THEIR PROPOSAL MEETS THE FOUNDATION'S OBJECTIVE TO IMPACT THE COMMUNITY AT LARGE IN THE THREE PRIMARY AREAS OF HEALTH, EDUCATION, AND ECONOMIC DEVELOPMENT. ALSO, ALL APPLICANTS ARE ENCOURAGED TO USE THE GRANT PROPOSAL FORM LOCATED ON THE WEBSITE. THIS FORM REQUESTS IMPORTANT ADDITIONAL INFORMATION WHICH IS HELPFUL IN CONSIDERATION OF EACH REQUEST.
cAny submission deadlines:
THE BOARD OF DIRECTORS MEETS QUARTERLY. CONTACT Kate Mullins, Exec. Dir., FOR APPLICATION DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION'S ARTICLES OF INCORPORATION REQUIRE THAT AT LEAST 75% OF ALL AMOUNTS DISTRIBUTED IN ANY PERIOD BE FOR THE IMPROVEMENT OF QUALITY OF LIFE IN ST. JOSEPH COUNTY, INDIANA. OTHERWISE, THE FOUNDATION MAY MAKE GRANTS FOR ALL EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES AS DEFINED IN CODE SECTION 501(C)(3). THE FOUNDATION DOES NOT CURRENTLY AWARD SCHOLARSHIPS OR OTHERWISE MAKE GRANTS TO INDIVIDUALS.
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 ROSIE PLACE FOR CHILDREN

53131 Quince Rd
South Bend,IN46628 		None PC To support general operations 50,000

BOYS & GIRLS CLUBS OF ST JOSEPH COUNTY

502 E Sample St
South Bend,IN46601 		None PC To support general operations 50,000

CHILDREN'S DISPENSARY

712 N Niles Ave
South Bend,IN46617 		None PC To support general operations 5,000

City of Niles

333 N 2nd St
Niles,MI49120 		None GOV To support general operations 10,000

Community Foundation of St Joseph County

PO Box 837
South Bend,IN46624 		None PC To support general operations and specific programs 481,250

CORVILLA INC

3620 Deahl Ct
South Bend,IN46628 		None PC To support general operations 100,000

CULTIVATE CULINARY

1403 Prairie Avenue
South Bend,IN46613 		None PC To support general operations 50,000

CULTIVATING LIFE

1042 W Western Ave
South Bend,IN46601 		None PC To support general operations 100,000

EnFocus

635 S Lafayette
South Bend,IN46601 		None PC To support general operations 450,000

FAMILIES FIRST CENTER

605 Portage Ave
South Bend,IN46616 		None PC To support general operations 50,000

Family & Childrens Center

811 MONITOR STREET
LA CROSSE,WI54603 		None PC To support general operations 2,500

FERNWOOD

PO Box 279
Fernwood,ID83830 		None PC To support general operations 10,000

Fischoff National Chamber Music Assoc

119 Haggar Hall
Notre Dame,IN46556 		None PC To support general operations 20,000

Greater Impact

1519 PORTAGE AVENUE
South Bend,IN46616 		None PC To support general operations 50,000

HABITAT FOR HUMANITY

402 E South St
South Bend,IN46601 		None PC To support general operations 100,000

HEALTHLINC INC

200 Alfred Avenue
Michigan City,IN46360 		None PC To support general operations 200,000

Holy cross village foundation

54515 State RD 933 N
Notre dame,IN46556 		None PC To support general operations 25,000

Hospice Foundation

501 Comfort Place
Mishawaka,IN46545 		None PC To support general operations 5,000

Human Delta Inc

150 S Michigan St 4th Floor
South Bend,IN46601 		None PC To support general operations 20,000

INDIANA UNIVERSITY FOUNDATION

PO Box 500
Bloomington,IN47402 		None PC To support general operations 5,000

Indiana University School of Medicine

1110 W Michigan St
Indianapolis,IN46202 		None PC To support general operations 20,000

IU Alumni Association

1000 E 17 Th St
Bloomington,IN47408 		None PC To support general operations 400

IUSB - INNOVATION CENTER

2719 E 10th Street
Bloomington,IN47408 		None PC To support general operations 400,000

IUSB-Leighton School of Business & Economics

1700 Mishawaka Ave
South Bend,IN46634 		None PC To support general operations 100,000

JUNIOR ACHIEVEMENT

52750 State Hwy 933
South Bend,IN46637 		None PC To support general operations 15,000

Logan Community Resources Inc

2505 E Jefferson Blvd
South Bend,IN46615 		None PC To support general operations 2,500

Make-A-Wish

6201 Corporate Drive Suite 100
Indianapolis,IN46278 		None PC To support general operations 20,000

Mayo Foundation

200 FIRST ST SW
ROCHESTOR,MN55905 		None PC To support general operations 750,000

MORRIS PERFORMING ARTS CENTER

211 N Michigan Street
South Bend,IN46601 		None PC To support general operations 500,000

POTAWATOMI ZOO

500 S Greenlawn Ave
South Bend,IN46615 		None PC To support general operations 100,000

REGIONAL INNOVATION & STARTUP EDUCATION

4215 Edison Lakes Pkwy Ste 325
Mishawaka,IN46545 		None PC To support general operations 100,000

REINS OF LIFE

9375 W 300 N
Michigan City,IN463609315 		None PC To support general operations 110,000

Riverbend Cancer Services

3516 E Jefferson Blvd
South Bend,IN46615 		None PC To support general operations 25,000

Riverbend Community Math Center

635 S Lafayette Blvd Maker Space
South Bend,IN46601 		None POF To support general operations 10,000

Ronald McDonald House Charities

610 NORTH MICHIGAN STREET 310
South Bend,IN46601 		None PC To support general operations 1,000

South Bend - Elkhart Regional Foundation

4477 Progress Drive
South Bend,IN46628 		None PC To support general operations 200,000

South Bend - Elkhart Regional Partnership

635 S Lafayette Blvd 123
South Bend,IN46601 		None SO I To support general operations 325,000

South Bend Heritage Foundation

803 LINCOLNWAY WEST
South Bend,IN46616 		None PC To support general operations 160

SOUTH BEND MEDICAL FOUNDATION

1290 Ireland Rd Ste 700
South Bend,IN46614 		None PC To support general operations 50,000

South Bend Regional Chamber Foundation

101 N Michigan St 300
South Bend,IN46601 		None PC To support general operations 400

South Bend Symphony Orchestra Association

127 N Michigan St
South Bend,IN46601 		None PC To support general operations 30,000

St Joseph County Chamber Foundation

101 N Michigan St 300
South Bend,IN46601 		None PC To support general operations 375

ST MARGARET'S HOUSE

117 N Lafayette Blvd
South Bend,IN46601 		None PC To support general operations 500,000

The CASIE Center

533 N Niles Ave
South Bend,IN46617 		None PC To support general operations 125,000

The History Museum

808 W Washington St
South Bend,IN46601 		None PC To support general operations 3,000

United Way

3517 E Jefferson Blvd
South Bend,IN466153033 		None PC To support general operations 50,000

University of Notre Dame

300 Main Building
Notre Dame,IN46556 		None PC To support general operations and specific programs 1,015,000

WNIT Public Television

300 W Lafayette Blvd
South Bend,IN46601 		None PC To support general operations 2,000

YMCA CAMP EBERHART

10481 Camp Eberhart Road
Three Rivers,MI49093 		None PC To support general operations and specific programs 500,000
Total .................................right arrow 3a 6,738,585
bApproved for future payment

BEACON HEALTH FOUNDATION
615 N MICHIGAN STREET
South Bend,IN46601 		None PC To support general operations and specific programs 5,000,000

Indiana University School of Medicine
1110 W Michigan St
Indianapolis,IN46202 		None PC To support general operations and specific programs 200,000

Logan Community Resources Inc
2505 E Jefferson Blvd
South Bend,IN46615 		None PC To support general operations and specific programs 5,000,000

UNIVERSITY OF NOTRE DAME
300 Main Building
Notre Dame,IN46556 		None PC To support general operations and specific programs 3,000,000
Total ................................. right arrow 3b 13,200,000
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 ........... 		         
4 Dividends and interest from securities ....     14 1,966,419  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 9,065,547  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aIncome from Partnerships 		525990 -579,605      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -579,605 11,031,966 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,452,361
(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: 24020961
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 110,987 17,920   11,488

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

TY 2024 GainLossSaleOtherAssetsSch
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
Publicly Traded Securities   P     19,245,250 10,179,703     9,065,547  

TY 2024 InvestmentsCorpBondsSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
US Fixed Income 4,540,734 4,540,734
Global fixed income 2,167,836 2,167,836
Other fixed income 1,004,223 1,004,223

TY 2024 InvestmentsCorpStockSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
Consumer goods 4,542,650 4,542,650
Consumer Services 1,264,218 1,264,218
Financials 13,898,020 13,898,020
Healthcare 10,964,230 10,964,230
Technology 0 0
Telecommunications 22,381,808 22,381,808
Global Equity 8,538,111 8,538,111

TY 2024 InvestmentsGovtObligationsSch
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
US Government Securities - End of Year Book Value:

2,625,436
US Government Securities - End of Year Fair Market Value:

2,625,436
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Other marketable alternatives FMV 7,996,460 7,996,460
Hedge Funds and Fund of funds FMV 17,860,609 17,860,609
Private equity funds FMV 44,475,869 44,475,869

TY 2024 LegalFeesSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal fees 46,746 11,686   35,060


TY 2024 OtherAssetsSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Interest Receivable 70,309 99,766 99,766
Benefit Interests in CRTs 4,754,391 4,981,240 4,981,240


TY 2024 OtherExpensesSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative expenses 7,679      
insurance expense 2,851      
Partnership investment expenses   546,425    
Office expenses 8,304      


TY 2024 OtherIncomeSchedule2
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Other Income from pass through 0 107,744 0


TY 2024 OtherIncreasesSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Description Amount
Change in Value of CRUTS 226,849
Unrealized gain 8,525,196


TY 2024 OtherLiabilitiesSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value
Deferred excise tax 815,032 1,000,160


TY 2024 OtherProfessionalFeesSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment management fees 1,091,668 1,091,668    


TY 2024 TaxesSchedule
Name:
JUDD LEIGHTON FOUNDATION INC
EIN:
35-2120550
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 235,128 2,175