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
THE GEORGE W GILLEMOT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)925 W 1ST STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RENO, NV89503
A Employer identification number

43-2058994
B Telephone number (see instructions)

(775) 588-5672
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$103,084,864J 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) 51,133,854
2 Check right arrow.............
3 Interest on savings and temporary cash investments 203,364 203,364  
4 Dividends and interest from securities... 1,991,044 1,991,044  
5a Gross rents............ 7,594 7,594  
b Net rental income or (loss) 6,575
6a Net gain or (loss) from sale of assets not on line 10 -2,500,039
b Gross sales price for all assets on line 6a 49,421,542
7 Capital gain net income (from Part IV, line 2)... 18,332,654
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
139,743 0  
12 Total. Add lines 1 through 11........ 50,975,560 20,534,656  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
12,971 12,644   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,241 3,621   3,620
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
203,084 199,283   3,801
17 Interest............... 61,568 47,965   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
158,584 57,367   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
9,546 0  
20 Occupancy.............. 17,753 0   17,753
21 Travel, conferences, and meetings....... 1,899 0   1,899
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
166,408 165,720   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 639,054 486,600   27,073
25 Contributions, gifts, grants paid....... 3,829,225 3,829,225
26 Total expenses and disbursements. Add lines 24 and 25 4,468,279 486,600   3,856,298
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 46,507,281
b Net investment income (if negative, enter -0-) 20,048,056
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 4,144,751 43,964 43,964
3 Accounts receivable right arrow105,055
Less: allowance for doubtful accounts right arrow     105,055 105,055
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 49,318,725 Click to see attachment
List of Attached Documents:
// Content
99,508,608 		102,270,596
14 Land, buildings, and equipment: basis right arrow674,795
Less: accumulated depreciation (attach schedule) right arrow9,546 0 Click to see attachment
List of Attached Documents:
// Content
665,249 		665,249
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
82,600 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 53,546,076 100,322,876 103,084,864
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
54,519
23 Total liabilities (add lines 17 through 22)......... 0 54,519
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 53,546,076 100,268,357
29 Total net assets or fund balances (see instructions)..... 53,546,076 100,268,357
30 Total liabilities and net assets/fund balances (see instructions). 53,546,076 100,322,876
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
53,546,076
2
Enter amount from Part I, line 27a .....................
2
46,507,281
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
215,000
4
Add lines 1, 2, and 3 ..........................
4
100,268,357
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
100,268,357
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 NAT'L FINANCIAL SERVICES LLC-FIDELITY PUBLICLY TRADED SECURITIES P    
b NAT'L FINANCIAL SERVICES LLC-FIDELITY 26,477 SHS BP PRUDHOE BAY ROYALTY TRUS P    
c NAT'L FINANCIAL SERVICES LLC-FIDELITY PUBLICLY TRADED SECURITIES ADJUST P    
d TTC MULTI-STRATEGY FUND QP, LP P    
e TTC MULTI-STRATEGY FUND QP, LP P    
TTC MULTI-STRATEGY FUND QP, LP - SEC 1231 GAIN P    
TTC MULTI-STRATEGY FUND QP, LP - 1256 CONTRACT S-T 40% P    
TTC MULTI-STRATEGY FUND QP, LP - 1256 CONTRACT L-T 60% P    
TTC MULTI-STRATEGY FUND QP, LP P    
FUNDSMITH SUSTAINABLE EQUITY FUND, LP P    
JEWELRY SALES D 2022-12-11 2024-12-31
FIREARM SALES D 2022-12-11 2024-12-31
WHITTIER TRUST COMPANY OF NEVADA, INC. P    
WHITTIER TRUST COMPANY OF NEVADA, INC. P    
THE GILLEMOT MARITAL TRUST/82-6695959 P    
THE GILLEMOT MARITAL TRUST/82-6695959 P    
ENERGY TRANSFER LP P    
ENERGY TRANSFER LP-SEC 1231 GAIN P    
GENESIS ENERGY, LP-SEC 1231 GAIN P    
SUNOCO LP P    
SUNOCO LP - SEC 1231 GAIN P    
PLAINS ALL AMERICAN PIPELINE LP - SEC 1231 GIAN P    
CAPITAL GAINS DIVIDENDS P    
(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 11,207,629   11,065,212 142,417
b 72,703   316,041 -243,338
c 60     60
d 3,634     3,634
e 25,874     25,874
535     535
3,836     3,836
5,754     5,754
165     165
135,980     135,980
35,390   53,599 -18,209
64,135   51,723 12,412
63,299   63,502 -203
37,181,632   18,352,683 18,828,949
    1,632 -1,632
    1,184,113 -1,184,113
8     8
      -144
      -238
146     146
1,246     1,246
      -1
619,516     619,516
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       142,417
b       -243,338
c       60
d       3,634
e       25,874
      535
      3,836
      5,754
      165
      135,980
      -18,209
      12,412
      -203
      18,828,949
      -1,632
      -1,184,113
      8
      -144
      -238
      146
      1,246
      -1
      619,516
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 18,332,654
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) 1 278,668
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 278,668
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 278,668
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 37,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 37,000
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 13,640
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 255,308
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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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 arrowNV
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowBILL W JOHNSON CO DAVID JOHNSON Telephone no.right arrow (775) 588-5672

Located atright arrow925 W 1ST STREETRENONV ZIP+4right arrow89503
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
MARIE H GILLEMOT TRUSTEE
5.00 		0 0 0
925 W 1ST STREET
RENO,NV89503
WILLIAM W JOHNSON TREASURER/TRUSTEE
15.00 		0 0 0
925 W 1ST STREET
RENO,NV89503
THOMAS J HALL PRESIDENT & SECRETARY/TRUSTEE
15.00 		0 0 0
925 W 1ST STREET
RENO,NV89503
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
TIEDEMANN ABP INVESTMENT ADVISORY FEES 194,389
22 VANDERBILT AVE 27TH FLOOR
NEW YORK,NY10017
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
49,557,108
b
Average of monthly cash balances.......................
1b
370,701
c
Fair market value of all other assets (see instructions)................
1c
9,334,439
d
Total (add lines 1a, b, and c).........................
1d
59,262,248
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
59,262,248
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
888,934
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
58,373,314
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,918,666
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,918,666
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
278,668
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
278,668
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,639,998
4
Recoveries of amounts treated as qualifying distributions................
4
215,000
5
Add lines 3 and 4............................
5
2,854,998
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,854,998
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,856,298
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,856,298
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 2,854,998
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 1,382
b From 2020...... 4,658
c From 2021...... 4,501
d From 2022...... 27,274
e From 2023...... 84,414
f Total of lines 3a through e ........ 122,229
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,856,298
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 2,854,998
e Remaining amount distributed out of corpus 1,001,300
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,123,529
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		1,382
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,122,147
10 Analysis of line 9:
a Excess from 2020.... 4,658
b Excess from 2021.... 4,501
c Excess from 2022.... 27,274
d Excess from 2023.... 84,414
e Excess from 2024.... 1,001,300
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
THOMAS J HALL
925 W 1ST STREET
RENO,NV89503
(775) 348-7011
HALLNEVADALAW@GMAIL.COM
bThe form in which applications should be submitted and information and materials they should include:
THE GEORGE W GILLEMOT FOUNDATION GRANT APPLICATION FORM
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS ARE ONLY AWARDED FOR PROGRAMS SUPPORING AVIATION, AEROSPACE, AND DRONE EDUCATION AND ECONOMIC DEVELOPMENT
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

BISHOP MANOGUE CATHOLIC HIGH SCHOOL

110 BISHOP MANOGUE DRIVE
RENO,NV89511 		  PC A CO-EDUCATIONAL HIGH SCHOOL IN PARTNERSHIP WITH PARENTS IS COMMITTED TO FOSTERING CHRISTIAN VALUES, ACADEMIC EXCELLENCE, AND LIFE-LONG SERVICE IN A FAITH-CENTERED COMMUNITY 56,725

UNIVERSITY OF NEVADA RENO FOUNDATION

1664 N VIRGINIA STREET
RENO,NV89557 		  PC THE FOUNDATION RECEIVES, INVESTS AND ADMINISTERS FUNDS TO BENEFIT THE UNIVERSITY OF NEVADA, RENO, WHILE HONORING THE PHILANTHROPIC INTENT OF ITS DONORS 3,500,000

WASHOE COUNTY SCHOOL DISTRICT

425 E NINTH STREET
RENO,NV89512 		  PC CREATING AN EDUCATION SYSTEM WHERE ALL STUDENTS ACHIEVE ACADEMIC SUCCESS, DEVELOP PERSONAL AND CIVIC RESPONSIBILITY, AND ACHIEVE CAREER AND COLLEGE READINESS FOR THE 21ST CENTURY 200,000

PATHWAYS TO AVIATION

PO BOX 21433
RENO,NV89515 		  PC DEVELOPING AVIATION OUTREACH AND EDUCATION PROJECTS FOR STUDENTS TO FACILITATE EDUCATIONAL SUCCESS, LABOR FORCE GROWTH, AND ECONOMIC VITALITY 47,500

JWOOD RAW ELEMENTARY SCHOOL

10600 GREEN PASTURE DRIVE
RENO,NV89521 		  PC CREATING AN EDUCATION SYSTEM WHERE ALL STUDENTS ACHIEVE ACADEMIC SUCCESS, AND DEVELOP PERSONAL AND CIVIC RESPONSIBILITY IN THE STUDIES OF AVIALTION RELATED PROGRAMS 12,500

AOPA FOUNDATION INC

421 AVIATION WAY
FREDERICK,MD21701 		  PC TO EDUCATE THE PUBLIC ON GENERAL AVIATION'S VALUE, IMPROVE AVIATION SAFETY, PRESERVE COMMUNITY AIRPORTS, AND ENCOURAGE PEOPLE TO LEARN TO FLY, ALL TO ENSURE THE FUTURE OF GENERAL AVIATION 10,000

PARTNERS FOR COMMUNITYFYRE ROBOTICS

5177 GONI ROAD
CARSON CITY,NV89706 		  PC ADVANCE EDUCATION PROGRAMS AND EXPERIENCES THROUGHOUT THE NOTHERN NEVADA COMMUNITY 2,500
Total .................................right arrow 3a 3,829,225
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 203,364  
4 Dividends and interest from securities ....     14 1,991,044  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531120 -4,110      
bNot debt-financed property.....     16 10,685  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -2,500,039  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aENERGY TRANSFER LP-NET RENTAL LOSS 		211100 -67,560      
bGENESIS ENERGY, LP 211100 -100,169      
cPLAINS ALL AMERICAN PIPELINE LP 211100 -1,542      
dSUNOCO LP 211100 -12,172      
eWESTERM MIDSTREAM PARTNERS, LP 211100 -46,661      
fENERGY TRANSFER LP-SEC 751 ORD GAIN 211100 50,956      
gGENESIS ENERGY LP-SEC 751 ORD GAIN 211100 111,453      
hWESTERN MISTREAM PARTNES LP-SEC 751 ORD GAIN 211100 60,876      
iSUNOCO LP-SEC 751 ORD GAIN 211100 34,913      
jTTC MULTI STRATEGY FUND QP, LP 525990 -8      
kTTC MULTI STRATEGY FUND QP, LP 525990   15 688  
lTTC MULTI STRATEGY FUND QP, LP - OTHER PORTFOLIO INCOME 525990 18,805      
mTTC MULTI STRATEGY FUND QP, LP - OTHER INCOME 525990 1,665      
nTTC MULTI STRATEGY FUND QP, LP - TAX EXEMPT INCOME 525990 31      
oFUNDSMITH SUSTAINABLE EQUITY FUND, LP - SEC 988 GAIN 525990 267      
pFUNDSMITH SUSTAINABLE EQUITY FUND, LP - OTHER INCOME 525990 1      
qGEORGE W GILLEMOT FAMILY TRUST 1984/86-6721839     14 39,106  
rTHE GILLEMOT MARITAL TRUST/82-6695959     14 75,563  
sSURVIVOR TR UNDER THE GEORGE W GILLEMOT FAMILY TRUST     14 -26,469  
12 Subtotal. Add columns (b), (d), and (e) .. 46,745 -206,058 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-159,313
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE GEORGE W GILLEMOT FOUNDATION
 
Employer identification number

43-2058994
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE GEORGE W GILLEMOT FOUNDATION
  		Employer identification number
43-2058994
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
GEORGE W GILLEMOT VIA FAMILY TRUST 86-6721839
 
4814 OLD US HIGHWAY 395
 
WASHOE VALLEY, NV89704

$ 51,133,854


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE GEORGE W GILLEMOT FOUNDATION
  		Employer identification number

43-2058994
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 MARKETABLE SECURITIES $ 48,422,883 2024-12-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE GEORGE W GILLEMOT FOUNDATION
  		Employer identification number

43-2058994
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 7,158 3,579   3,579
SURVIVOR TR UNDER THE GEROGE W GILLEMOT FAMILY TR/93-6472446 83 42   41

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

TY 2024 DepreciationSchedule
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
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
LAND 2024-05-01 118,814   L   0 0    
BUILDING 2024-05-01 475,256   SL 39.000000000000 8,124 0    
FENCING 2024-08-06 8,150   SL 15.000000000000 226 0    
LANDSCAPE IMPROVEMENTS 2024-10-22 61,414   SL 15.000000000000 682 0    
CONFERENCE ROOM TABLE 2024-07-29 6,162   SL 5.000000000000 514 0    
INTERIOR DESIGN FEE-DEPOSIT 2024-12-31 4,999   NC 0 % 0 0    

TY 2024 GeneralExplanationAttachment
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Identifier Return Reference Explanation
RECOVERIES OF AMPOUNTS TREATED AS QUALIFYING DISTRIBUTIONS 2024 FORM 990-PF, PART III, AND PART XII, LINE 3(E)/2023 THE GEORGE W GILLEMOT FOUNDATION MADE A QUALIFYING CHARITABLE DISTRIBUTION TO BISHOP MANOGUE CATHOLIC HIGH SCHOOL, 110 BISHOP MANOGUE DRIVE, RENO, NV 89511, OF $ 215,000 ON NOVEMBER 17,2023 TO SUPPORT BUILDING IMPROVEMENTS ON THE SCHOOL GROUNDS. THE QUALIFYING CHARITABLE DISTRIBUTION WAS RETURNED, IN FULL, TO THE GEORGE W GILLEMOT FOUNDATION ON OCTOBER 8, 2024 AFTER THE SCHOOL DETERMINED THE BUILDING IMPROVEMENT PROJECT WOULD NOT BE COMPLETED.

TY 2024 InvestmentsOtherSchedule2
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
162,5817.446 SHS GQG PTNRS EMERG MKTS AT COST 2,611,840 2,688,039
324,227.177 SHS GQG PTNRS GLOBAL QUALITY AT COST 5,424,147 6,040,352
77,949.446 SHS PRIMECAP ODYSSEY AGGRESS GRWTH AT COST 3,560,483 3,435,100
1,139,896.373 SHS VANGUARD TOTAL BD INDEX AT COST 11,000,000 10,806,218
4,382,372.300 SHS FIMM TRASURY PORT AT COST 4,382,372 4,382,372
118,147.000 SHS FIRST EXCHG TRADED FD AT COST 2,505,898 2,895,783
126,149.000 SHS ISHARES CORE S&P TOT US STK AT COST 14,004,188 16,225,284
76,490.000 SHS ISHARES MSCI EAFE ETF AT COST 5,742,566 5,806,092
60,531.000 SHS ISHARES CORE S&P MID-CAP AT COST 3,497,705 3,771,687
22,980.000 SHS ISHARES 0-5 YR TIPS BOND ETP AT COST 2,262,615 2,311,788
192,492.782 SHS BROOKFIELD INFRASTRUCTURE AT COST 2,000,000 2,005,775
14,618.640 SHS APOLLO DEBT SOLUTIONS BDC AT COST 2,000,000 2,018,826
10,567.16 SHS FORTRESS NET LEASE REIT AT COST 1,937,318 2,060,396
.370049% INTEREST-TTC MULTI-STRATEGY FUND QP, LP AT COST 5,115,317 5,255,217
9,489,473.890 SHS BLACKROCK FED FD AT COST 9,492,807 9,492,807
1,040,000.000 SHS US TREAS BILLS AT COST 1,027,374 1,027,374
375,000.000 SHS FUNDADVANTAGE AT COST 3,727,500 3,708,750
125,000.000 SHS AMBRUS INSTL AT COST 1,238,750 1,236,250
105,500.000 SHS ENERGY TRNASFER EQUITY LP AT COST 2,059,282 2,066,745
10,000.000 SHS PLAINS ALL AMERICAN PIPELINE LP AT COST 184,879 170,800
24,682.000 SHS CHEVRON CORP AT COST 3,996,756 3,574,941
22,000.000 SHS SUNOCO LP AT COST 1,233,568 1,131,680
VARIOUS EQUITIES-DETAIL AVAIL UPON REQUEST AT COST 10,486,210 10,142,681
85,000.000 SHS SOS COMM INC AT COST 17,033 15,639

TY 2024 LandEtcSchedule2
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 118,814 0 118,814  
BUILDING 475,256 8,124 467,132  
FENCING 8,150 226 7,924  
LANDSCAPE IMPROVEMENTS 61,414 682 60,732  
CONFERENCE ROOM TABLE 6,162 514 5,648  
INTERIOR DESIGN FEE-DEPOSIT 4,999 0 4,999  


TY 2024 LegalFeesSchedule
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 12,971 12,644   0


TY 2024 OtherAssetsSchedule
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
JEWELRY COLLECTION 44,750 0 0
FIREARMS COLLECTION 37,850 0 0


TY 2024 OtherExpensesSchedule
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE SUPPLIES 177 0   0
ENERGY TRANSFER PARTNER LP-NONDEDUCTIBLE EXPENSES 95 0   0
PLAINS ALL AMERICAN PIPELINE LP-NONDEDUCTIBLE EXPENSES 8 0   0
BUSINESS MEALS 142 0   0
BLUE OWL STRATEGIC EQUITY PARTNERS (OFFSHORE) LP-PORTFOLIO DEDUCT 33,403 33,403   0
TTC MULTI-STRATEGY FUND QP, LP - DEDUCT, ROYALTY INCOME 1,892 1,892   0
TTC MULTI-STRATEGY FUND QP, LP - SEC 59(E)2 EXPEND 2,090 2,090   0
TTC MULTI-STRATEGY FUND QP, LP - PORTFOLIO OTHER DEDUCTIONS 1 1   0
TTC MULTI-STRATEGY FUND QP, LP - PORTFOLIO DEDUCTIONS 14,937 14,937   0
TTC MULTI-STRATEGY FUND QP, LP - OTHER DEDUCTIONS 85,617 85,617   0
TTC MULTI-STRATEGY FUND QP, LP - 179 EXP AND NONDEDUCT EXPENSES 46 46   0
FUNDSMITH SUSTAINABLE EQUITY FUND, LP - PORTFOLIO DEDUCTIONS 26,715 26,715   0
SURVIVOR TR UNDER GEORGE W GILLEMOT FAMILY TRUST/93-6472446 EXCESS DEUCT 39 0   0
GENESIS ENERGY, LP - NONDEDUCTIBLE EXPENSES 73 0   0
SUNOCO LP - NONDEDUCTIBLE EXPENSES 84 0   0
WESTERN MIDSTREAM PARTNERS, LP - NONDEDUCTIBLE EXPENSES 8 0   0
2024 FORM 1065, SCH K-1, PASSTHROUGH CHARITABLE DEDUCTIONS 62 0   0
TTC MULTI-STRATEGY FUND QP, LP - PASSTHROUGH 1,019 1,019   0


TY 2024 OtherIncomeSchedule2
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ENERGY TRANSFER LP-NET RENTAL LOSS -67,560   -67,560
GENESIS ENERGY, LP -100,169   -100,169
PLAINS ALL AMERICAN PIPELINE LP -1,542   -1,542
SUNOCO LP -12,172   -12,172
WESTERM MIDSTREAM PARTNERS, LP -46,661   -46,661
ENERGY TRANSFER LP-SEC 751 ORD GAIN 50,956   50,956
GENESIS ENERGY LP-SEC 751 ORD GAIN 111,453   111,453
WESTERN MISTREAM PARTNES LP-SEC 751 ORD GAIN 60,876   60,876
SUNOCO LP-SEC 751 ORD GAIN 34,913   34,913
TTC MULTI STRATEGY FUND QP, LP -8   -8
TTC MULTI STRATEGY FUND QP, LP 688   688
TTC MULTI STRATEGY FUND QP, LP - OTHER PORTFOLIO INCOME 18,805   18,805
TTC MULTI STRATEGY FUND QP, LP - OTHER INCOME 1,665   1,665
TTC MULTI STRATEGY FUND QP, LP - TAX EXEMPT INCOME 31   31
FUNDSMITH SUSTAINABLE EQUITY FUND, LP - SEC 988 GAIN 267   267
FUNDSMITH SUSTAINABLE EQUITY FUND, LP - OTHER INCOME 1   1
GEORGE W GILLEMOT FAMILY TRUST 1984/86-6721839 39,106   39,106
THE GILLEMOT MARITAL TRUST/82-6695959 75,563   75,563
SURVIVOR TR UNDER THE GEORGE W GILLEMOT FAMILY TRUST -26,469   -26,469


TY 2024 OtherIncreasesSchedule
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Description Amount
2024 RETN OF 2023 CHARIT CONT PD TO BISHOP MANOGUE CATHOLIC HIGH SCH 215,000


TY 2024 OtherLiabilitiesSchedule
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Description Beginning of Year - Book Value End of Year - Book Value
CAPITAL CONT PAYABLE-1.602% INTEREST/BLUE OWL STRATEGIC EQUITY PTNRS 0 54,519


TY 2024 OtherProfessionalFeesSchedule
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES-NAT'L FINANCIAL SERVICES LLC 194,389 194,389   0
OUTSIDE ADMINISTRATIVE SERVICES 6,603 3,302   3,301
CONSULTING FEES 500 0   500
SURVIVOR TR UNDER THE GEROGE GILLEMOT FAMILY TR/93-6472446 1,592 1,592   0


TY 2024 SubstantialContributorsSch
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Name Address
GEORGE W GILLEMOT FAMILY TRUST 1984
  		925 W 1ST STREET
RENO,NV89503


TY 2024 TaxesSchedule
Name:
THE GEORGE W GILLEMOT FOUNDATION
EIN:
43-2058994
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX ON INVESTMENT INCOME 101,217 0   0
PLAINS ALL AMERICAN PIPELINE LP-FOREIGN TAXES PAID 232 232   0
NAT'L FINANCIAL SERVICES LLC/FIDELITY BROKERAGE SERVICES LLC - FOR TAX PAID 18,017 18,017   0
TTC MULTI-STRATEGY FUND QP, LP - FOREIGN TAX PAID 1,475 1,475   0
FUNDSMITH SUSTAINABLE EQUITY FUND, LP - FOREIGN TAX PAID 2,244 2,244   0
GEORGE W GILLEMOT FAMILY TRUST 1984/86-6721839 FOR TAX PAID 32,679 32,679   0
SURVIVOR TR UNDER THE GEORGE W GILLEMOT FAMILY TRUST/93-6472446 FOR TAX PAID 2,720 2,720   0