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 ALRO STEEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)3100 EAST HIGH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
JACKSON, MI49203
A Employer identification number

30-0254220
B Telephone number (see instructions)

(517) 788-3259
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$103,969,223J 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) 2,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,104,413 2,079,328  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,966,718
b Gross sales price for all assets on line 6a 30,221,786
7 Capital gain net income (from Part IV, line 2)... 2,966,718
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
114,646 114,646  
12 Total. Add lines 1 through 11........ 7,185,777 5,160,692  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,945 7,473   7,472
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
376,099 376,099   0
17 Interest............... 22 22   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
88,481 38,926   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,885 29,814   1,071
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 510,432 452,334   8,543
25 Contributions, gifts, grants paid....... 3,327,650 3,327,650
26 Total expenses and disbursements. Add lines 24 and 25 3,838,082 452,334   3,336,193
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,347,695
b Net investment income (if negative, enter -0-) 4,708,358
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......... 1,015,150 3,883,146 3,883,146
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 35,919,429 Click to see attachment
List of Attached Documents:
// Content
34,186,719 		47,296,648
c Investments—corporate bonds (attach schedule)....... 18,398,927 Click to see attachment
List of Attached Documents:
// Content
18,798,392 		18,181,536
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).......... 22,540,451 Click to see attachment
List of Attached Documents:
// Content
23,903,721 		34,607,893
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 77,873,957 80,771,978 103,969,223
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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 77,873,957 80,771,978
29 Total net assets or fund balances (see instructions)..... 77,873,957 80,771,978
30 Total liabilities and net assets/fund balances (see instructions). 77,873,957 80,771,978
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
77,873,957
2
Enter amount from Part I, line 27a .....................
2
3,347,695
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
81,221,652
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
449,674
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
80,771,978
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 PARTNERSHIP GAINS P    
c CAPITAL GAINS DIVIDENDS P    
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 30,183,232   27,270,366 2,912,866
b       15,298
c 38,554     38,554
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       2,912,866
b       15,298
c       38,554
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 2,966,718
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 65,446
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 65,446
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 65,446
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 79,715
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 104,715
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 39,269
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow39,269 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMI
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 arrowNONE
14
The books are in care ofright arrowRANDAL L GLICK Telephone no.right arrow (517) 787-5500

Located atright arrow3100 E HIGH STJACKSONMI ZIP+4right arrow49203
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
RANDAL L GLICK PRESIDENT/TREASURER
2.00 		0 0 0
3100 EAST HIGH STREET
JACKSON,MI49203
BRIAN T GLICK SECRETARY
2.00 		0 0 0
3100 EAST HIGH STREET
JACKSON,MI49203
CARLTON L GLICK VICE PRESIDENT
1.00 		0 0 0
3100 EAST HIGH STREET
JACKSON,MI49203
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
GOLDMAN SACHS & CO LLC INVESTMENT MANAGEMENT 209,773
71 S WACKER DR SUITE 1200
CHICAGO,IL60606
JPMORGAN CHASE BANK NA INVESTMENT MANAGEMENT 166,326
383 MADISON AVENUE
NEW YORK,NY10179
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 N/A 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
99,412,973
b
Average of monthly cash balances.......................
1b
1,184,690
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
100,597,663
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
100,597,663
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,508,965
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
99,088,698
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,954,435
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
4,954,435
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
65,446
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
65,446
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,888,989
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,888,989
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
4,888,989
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
3,336,193
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
3,336,193
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 4,888,989
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 2,194,598
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,336,193
a Applied to 2023, but not more than line 2a 2,194,598
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,141,595
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		3,747,394
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

AMERICAN RED CROSS

7800 W OUTER DR SUITE 205
DETROIT,MI48235 		NONE PC GENERAL OPERATING 100,000

BAGS & BLESSINGS

PO BOX 415
BEAVER,PA15009 		NONE PC GENERAL OPERATING 500

BLACKHAWK AREA YOUTH BASEBALL ASSOCIATION

PO BOX 1704
BEAVER FALLS,PA15010 		NONE PC GENERAL OPERATING 1,000

BUILD EACH OTHER UP

1212 PARK RIDGE BLVD
PARK RIDGE,IL60068 		NONE PC GENERAL OPERATING 100,000

BURTON CENTER FOR ARTS & TECHNOLOGY

1760 ROANOKE BLVD
SALEM,VA24153 		NONE PC GENERAL OPERATING 3,000

CANON MAC DANCE TEAM

219 HOOKS LANE
CANONSBURG,PA15317 		NONE PC GENERAL OPERATING 250

CAREER ACADEMY SOUTH BEND

3801 CRESCENT CIRCLE
SOUTH BEND,IN46628 		NONE PC GENERAL OPERATING 1,000

CATHEDRAL ACADEMY

34790 ASHLEY PHOSPHATE RD
NORTH CHARLESTON,SC29418 		NONE PC GENERAL OPERATING 750

CBSA EDUCATIONAL FOUNDATION

6734 W 121ST ST
LEAWOOD,KS66209 		NONE PC GENERAL OPERATING 1,000

CHARLOTTE FRONTIER DAYS

241 S COCHRAN AVE
CHARLOTTE,MI48813 		NONE PC GENERAL OPERATING 500

CHILD SAFE OF CENTRAL MO

3309 W MAIN ST
SEDALIA,MO65301 		NONE PC GENERAL OPERATING 5,000

CHILDREN'S HOSPITAL OF PHILADELPHIA

PO BOX 19178-1352
PHILADELPHIA,PA191781352 		NONE PC GENERAL OPERATING 1,000

CITY OF POTTERVILLE

319 N NELSON
POTTERVILLE,MI48876 		NONE PC GENERAL OPERATING 5,030

COALITION FOR A PROSPEROUS AMERICA EDUCATION FUND

PO BOX 283
SOUTHWICK,MA01077 		NONE PC GENERAL OPERATING 10,000

COLUMBIA SCHOOL DISTRICT

11775 HEWITT RD
BROOKLYN,MI49230 		NONE PC GENERAL OPERATING 20,000

COLUMBIA SCHOOL DISTRICT

11775 HEWITT RD
BROOKLYN,MI49230 		NONE PC GENERAL OPERATING 5,750

COLUMBIA SCHOOL DISTRICT

11775 HEWITT RD
BROOKLYN,MI49230 		NONE PC GENERAL OPERATING 1,000

COMMUNITY FOUNDATION OF GREATER ROCHESTER

303 EAST STREET
ROCHESTER,MI48307 		NONE PC GENERAL OPERATING 2,500

COMMUNITY REACH

15 FIRST AVE
RED LION,PA17356 		NONE PC GENERAL OPERATING 1,000

CONCORD COMMUNITY SCHOOLS

PO BOX 338
CONCORD,MI49237 		NONE PC GENERAL OPERATING 10,000

CRAFTSMAN WITH CHARACTER FOUNDATION

20 GEAR DR
EDGERTON,WI53534 		NONE PC GENERAL OPERATING 2,500

CRAWFORD AUSABLE EXCELLENCE IN EDUCATION FOUNDATION

1135 N OLD 27
GRAYLING,MI49738 		NONE PC GENERAL OPERATING 25,000

CUSTOMS HOUSE MUSEUM & CULTURAL CENTER

200 SOUTH 2ND ST
CLARKSVILLE,TN37040 		NONE PC GENERAL OPERATING 5,000

CUW FOUNDATION

12800 N LAKE SHORE DR
MEQUON,WI53097 		NONE PC GENERAL OPERATING 5,000

DAVINCI INSTITUTE

2800 SPRINGPORT RD
JACKSON,MI49202 		NONE PC GENERAL OPERATING 10,000

EAA AVIATION FOUNDATION

PO BOX 3086
OSHKOSH,WI54903 		NONE PC GENERAL OPERATING 1,000

EAST JACKSON COMMUNITY SCHOOLS

1404 N SUTTON RD
JACKSON,MI49202 		NONE PC GENERAL OPERATING 10,000

ELDORADO CIVIC ASSOCIATION

5939 CALIFORNIA AVE
ALTOONA,PA16601 		NONE PC GENERAL OPERATING 500

ELKHORN AREA HS SCHOLARSHIP FOUNDATION

3 N JACKSON ST
ELKHORN,WI53121 		NONE PC GENERAL OPERATING 1,000

ENGINEERING SOCIETY OF DETROIT

20700 CIVIC CENTER DRSUITE 450
SOUTHFIELD,MI48076 		NONE PC GENERAL OPERATING 25,000

FATHER GABRIEL RICHARD HIGH SCHOOL

4333 WHITEHALL DR
ANN ARBOR,MI48105 		NONE PC GENERAL OPERATING 2,000

FATHER GABRIEL RICHARD HIGH SCHOOL

4333 WHITEHALL DR
ANN ARBOR,MI48105 		NONE PC GENERAL OPERATING 1,000

FINDLAY TOWNSHIP

DRAWER W
CLINTON,PA15026 		NONE PC GENERAL OPERATING 300

FINESE FASTPITCH SOFTBALL

9075 CAMPBELL CREEK DR
COMMERCE TWP,MI48390 		NONE PC GENERAL OPERATING 300

FIVE FORCES

376 OLD SCHENLEY RD
LEECHBURG,PA15656 		NONE PC GENERAL OPERATING 500

FURY FASTPITCH

267 TODD CENTER DR
COLUMBIA,IL62236 		NONE PC GENERAL OPERATING 1,000

FWCS CAREER ACADEMY

1200 S BARR ST
FORT WAYNE,IN46802 		NONE PC GENERAL OPERATING 2,500

GRACE BAPTIST CHURCH

41771 STATE HWY 75
SNEAD,AL35952 		NONE PC GENERAL OPERATING 5,000

GRANT ME HOPE

930 INTERCHANGE DR
HOLLAND,MI49423 		NONE PC GENERAL OPERATING 1,000

GRASS LAKE COMMUNITY SCHOOLS

899 S UNION ST
GRASS LAKE,MI49240 		NONE PC GENERAL OPERATING 20,000

GRAYLING HIGH SCHOOL

1135 NORTH OLD 27
GRAYLING,MI49738 		NONE PC GENERAL OPERATING 1,000

GREATER BULLITT COUNTY YOUTH FOOTBALL LEAGUE

PO BOX 246
SHEPHERDSVILLE,KY40165 		NONE PC GENERAL OPERATING 1,000

GREATER FOSTORIA COMMUNITY FOUNDATION

PO BOX 926
FOSTORIA,OH44830 		NONE PC GENERAL OPERATING 500

HABITAT FOR HUMANITY OF FINDLAYHANCOCK COUNTY

1200 COMMERCE PARKWAY
FINDLAY,OH45840 		NONE PC GENERAL OPERATING 300

HANOVER HORTON SCHOOLS

10000 MOSCOW RD
HORTON,MI49246 		NONE PC GENERAL OPERATING 15,000

HARRIS CHAPEL CHURCH OF THE NAZARENE

10450 S CO RD 54 EAST
SELMA,IN47383 		NONE PC GENERAL OPERATING 1,000

HCC FOUNDATION

4115 N LOIS AVE
TAMPA,FL33614 		NONE PC GENERAL OPERATING 2,000

HEARTLAND CAREER CENTER

79 S 200 W
WABASH,IN46992 		NONE PC GENERAL OPERATING 2,000

HEAVY METAL SUMMER EXPERIENCE

66 FULTON ST
REDWOOD CITY,CA94062 		NONE PC GENERAL OPERATING 1,500

HOLY TRINITY CATHOLIC PARISH

2649 US-20
SWANTON,OH43558 		NONE PC GENERAL OPERATING 1,000

IAPD CHARITABLE SCHOLARSHIP FOUNDATION

6734 W 121ST ST
LEAWOOD,KS66209 		NONE PC GENERAL OPERATING 1,000

JACKSON AREA CAREER CENTER

6800 BROWNS LAKE RD
JACKSON,MI49201 		NONE PC GENERAL OPERATING 5,750

JACKSON CO BLACK SOX

900 MORTON ST
JACKSON,OH45640 		NONE PC GENERAL OPERATING 1,000

JACKSON COUNTY PARKS

128 W GANSON ST
JACKSON,MI49201 		NONE PC GENERAL OPERATING 411,000

JACKSON PREPARATORY EARLY COLLEGE

2111 EMMONS RD
JACKSON,MI49201 		NONE PC GENERAL OPERATING 10,000

JACKSON PUBLIC SCHOOLS

522 WILDWOOD AVE
JACKSON,MI49201 		NONE PC GENERAL OPERATING 75,000

JHS BEARS VOLLEYBALL CLUB

7600 FULTON DR NW
MASSILLON,OH44646 		NONE PC GENERAL OPERATING 500

JOHNNY MAC SOLDIERS FUND

42395 RYAN RD SUITE 112-242
ASHBURN,VA20148 		NONE PC GENERAL OPERATING 50,000

JUNIOR ACHIEVEMENT OF EASTERN IOWA

324 3RD ST SE SUITE 200
CEDAR RAPIDS,IA52401 		NONE PC GENERAL OPERATING 8,155

KELLOGG COMMUNITY COLLEGE FOUNDATION

450 NORTH AVE
BATTLE CREEK,MI49017 		NONE PC GENERAL OPERATING 5,000

KELLY REEVES MEMORIAL FOUNDATION

511 NORTH RIVER RD
MUNROE FALLS,OH44262 		NONE PC GENERAL OPERATING 250

KENT CITY SCHOOLS

PO BOX 283
KENT CITY,MI49330 		NONE PC GENERAL OPERATING 300

KENTUCKY HUMANE SOCIETY

1000 LYNDON LANE SUITE B
LOUISVILLE,KY40222 		NONE PC GENERAL OPERATING 1,000

KIDS' FOOD BASKET

1300 PLYMOUTH AVE NE
GRAND RAPIDS,MI49505 		NONE PC GENERAL OPERATING 500

KIRTLAND COMMUNITY COLLEGE FOUNDATION

4800 W FOUR MILE RD
GRAYLING,MI49738 		NONE PC GENERAL OPERATING 20,000

MENOMONEE FALLS AREA HIGH SCHOOL

N80 W 14350 TITAN DR
MENOMONEE FALLS,WI53051 		NONE PC GENERAL OPERATING 1,500

MICHIGAN CENTER SCHOOLS

400 S STATE ST
MICHIGAN CENTER,MI49254 		NONE PC GENERAL OPERATING 20,000

MICHIGAN CENTER SCHOOLS

400 SOUTH STATE ST
MICHIGAN CENTER,MI49201 		NONE PC GENERAL OPERATING 1,000

MICHIGAN ECONOMIC DEVELOPMENT FOUNDATION

PO BOX 13063
LANSING,MI48901 		NONE PC GENERAL OPERATING 5,000

MICHIGAN STATE UNIVERSITY

535 CHESTNUT RD ROOM 300
EAST LANSING,MI48824 		NONE PC GENERAL OPERATING 10,000

MICHIGAN WORKS NORTHEAST CONSORTIUM

PO BOX 711
ONAWAY,MI49765 		NONE PC GENERAL OPERATING 2,500

MONROE CENTRAL LITTLE LEAGUE

PO BOX 217
FARMLAND,IN47340 		NONE PC GENERAL OPERATING 400

MUNSON HEALTHCARE FOUNDATION

1150 MEDICAL CAMPUS DR
TRAVERSE CITY,MI49684 		NONE PC GENERAL OPERATING 5,000

MYMICHIGAN HEALTH SYSTEM

11351 E GRAND LAKE RD
PRESQUE ISLE,MI49777 		NONE PC GENERAL OPERATING 500

NAPOLEON COMMUNITY SCHOOLS

200 WEST ST
NAPOLEON,MI49261 		NONE PC GENERAL OPERATING 20,000

NEW BRIGHTON LITTLE LIONS ASSOCIATION

PO BOX 128
NEW BRIGHTON,PA15066 		NONE PC GENERAL OPERATING 500

NFPA EDUCATION & TECHNOLOGY FOUNDATION

6737 W WASHINGTON ST SUITE 2350
MILWAUKEE,WI53214 		NONE PC GENERAL OPERATING 4,665

NORTHWEST COMMUNITY SCHOOLS

4200 VANHORN RD
JACKSON,MI49201 		NONE PC GENERAL OPERATING 50,000

NORTHWEST COMMUNITY SCHOOLS

4200 VANHORN RD
JACKSON,MI49201 		NONE PC GENERAL OPERATING 5,750

OAKLAWN ELEMENTARY SCHOOL

112 VIOLA AVE
OSHKOSH,WI54901 		NONE PC GENERAL OPERATING 2,500

OPEN DOOR

111 W 6TH ST
SEDALIA,MO65301 		NONE PC GENERAL OPERATING 500

OSHKOSH RECREATION DEPARTMENT

425 N DIVISION ST
OSHKOSH,WI54901 		NONE PC GENERAL OPERATING 6,000

PALOZOLA FOUNDATION

PO BOX 31071
DES PERES,MO63131 		NONE PC GENERAL OPERATING 12,000

PANTHER PARENTS ATHLETIC BOOSTER CLUB

1 PANTHER WAY
NORTON,OH44302 		NONE PC GENERAL OPERATING 500

PITTSBURGH POWER SOFTBALL

2359 WESTGATE DR
PITTSBURGH,PA15237 		NONE PC GENERAL OPERATING 250

POTTERVILLE ATHLETIC DEPARTMENT

425 E MAIN ST
POTTERVILLE,MI48876 		NONE PC GENERAL OPERATING 2,500

POTTERVILLE POLICE DEPARTMENT

319 N NELSON
POTTERVILLE,MI48876 		NONE PC GENERAL OPERATING 10,000

POTTERVILLE PUBLIC SCHOOLS

425 E MAIN ST
POTTERVILLE,MI48876 		NONE PC GENERAL OPERATING 2,000

ROCKFORD HIGH SCHOOL

4100 KROES ST NE
ROCKFORD,MI49341 		NONE PC GENERAL OPERATING 500

SALEM HIGH SCHOOL

400 SPARTAN DR
SALEM,VA24153 		NONE PC GENERAL OPERATING 900

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		NONE PC GENERAL OPERATING 750

SKILLSUSA MICHIGAN

PO BOX 980432
YPSILANTI,MI48198 		NONE PC GENERAL OPERATING 28,000

SPRINGPORT PUBLIC SCHOOLS

300 W MAIN ST
SPRINGPORT,MI49284 		NONE PC GENERAL OPERATING 15,000

ST JUDE'S CHILDREN'S HOSPITAL

501 DANNY THOMAS PLACE
MEMPHIS,TN38105 		NONE PC GENERAL OPERATING 25,000

STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		NONE PC GENERAL OPERATING 500

STOW MONROE FALLS HIGH SCHOOL

3227 GRAHAM RD
STOW,OH44224 		NONE PC GENERAL OPERATING 1,000

TOLEDO HORNETS VOLLEYBALL

7273 FOREST VALLEY DR
LAMBERVILLE,MI48144 		NONE PC GENERAL OPERATING 500

U OF M FRANKEL CARDIOVASCULAR CENTER

777 E EISENHOWER PKWY SUITE 650
ANN ARBOR,MI48108 		NONE PC GENERAL OPERATING 1,000

UNITED WAY OF SANDUSKY

826 W STATE ST
FREMONT,OH43420 		NONE PC GENERAL OPERATING 300

UNIVERSITY OF MICHIGAN

1000 S STATE ST
ANN ARBOR,MI48109 		NONE PC ATHLETIC DEPARTMENT 2,000,000

VANDERCOOK LAKE PUBLIC SCHOOLS

1000 E GOLF AVE
JACKSON,MI49203 		NONE PC GENERAL OPERATING 10,000

VENOM STARS

6381 SULPHUR SPRINGS RD NE
HICKORY,NC28601 		NONE PC GENERAL OPERATING 1,000

WESTERN SCHOOL DISTRICT

1400 S DEARING RD
PARMA,MI49269 		NONE PC GENERAL OPERATING 40,000

WINCHESTER COMMUNITY HIGH SCHOOL

700 N UNION ST
WINCHESTER,IN47394 		NONE PC GENERAL OPERATING 1,500

YMCA OF GREATER MICHIANA

905 N FRONT ST
NILES,MI49120 		NONE PC GENERAL OPERATING 1,000

AIAM FOUNDATION

PO BOX 81226
ROCHESTER,MI48308 		NONE PC GENERAL OPERATING 10,000

AMERICAN HEART ASSOCIATION

PO BOX 5027
BOONE,IA50950 		NONE PC GENERAL OPERATING 25,000
Total .................................right arrow 3a 3,327,650
bApproved for future payment

UNIVERSITY OF MICHIGAN
1000 S STATE ST
ANN ARBOR,MI48109 		NONE PC ATHLETIC DEPARTMENT 2,000,000
Total ................................. right arrow 3b 2,000,000
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 2,104,413  
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 .....     14 114,646  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,966,718  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 5,185,777 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,185,777
(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 ALRO STEEL FOUNDATION
 
Employer identification number

30-0254220
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 ALRO STEEL FOUNDATION
  		Employer identification number
30-0254220
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
ALRO STEEL CORPORATION
 
3100 E HIGH STREET
 
JACKSON, MI49203

$ 2,000,000


(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 ALRO STEEL FOUNDATION
  		Employer identification number

30-0254220
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
 
$    
(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 ALRO STEEL FOUNDATION
  		Employer identification number

30-0254220
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 ALRO STEEL FOUNDATION
EIN:
30-0254220
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 14,945 7,473   7,472

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE ALRO STEEL FOUNDATION
EIN:
30-0254220
Name of Bond End of Year Book Value End of Year Fair Market Value
VARIOUS CORPORATE BONDS (DETAIL AVAILABLE UPON REQUEST) 18,798,392 18,181,536

TY 2024 InvestmentsCorpStockSchedule
Name:
THE ALRO STEEL FOUNDATION
EIN:
30-0254220
Name of Stock End of Year Book Value End of Year Fair Market Value
VARIOUS CORPORATE STOCKS (DETAIL AVAILABLE UPON REQUEST) 34,186,719 47,296,648

TY 2024 InvestmentsOtherSchedule2
Name:
THE ALRO STEEL FOUNDATION
EIN:
30-0254220
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
LIMITED PARTNERSHIP INTERESTS (DETAIL AVAILABLE UPON REQUEST) AT COST 1,244,519 2,201,659
MUTUAL FUNDS (DETAIL AVAILABLE UPON REQUEST) AT COST 9,782,005 14,751,876
OTHER FIXED INVESTMENTS (DETAIL AVAILABLE UPON REQUEST) AT COST 12,877,197 17,654,358

TY 2024 OtherDecreasesSchedule
Name:
THE ALRO STEEL FOUNDATION
EIN:
30-0254220
Description Amount
BASIS ADJUSTMENT 449,674


TY 2024 OtherExpensesSchedule
Name:
THE ALRO STEEL FOUNDATION
EIN:
30-0254220
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MI ANNUAL REPORT FEE 20 0   20
PARTNERSHIP LOSSES AND EXPENSES 27,463 27,411   52
ADR FEES 2,403 2,403   0
NONPROFIT RESEARCH EXPENSES 999 0   999


TY 2024 OtherIncomeSchedule2
Name:
THE ALRO STEEL FOUNDATION
EIN:
30-0254220
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP OTHER INCOME 110,436 110,436 110,436
OTHER INVESTMENT INCOME 4,210 4,210 4,210


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ALRO STEEL FOUNDATION
EIN:
30-0254220
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 376,099 376,099   0


TY 2024 SubstantialContributorsSch
Name:
THE ALRO STEEL FOUNDATION
EIN:
30-0254220
Name Address
ALRO STEEL CORPORATION
  		3100 EAST HIGH STREET
JACKSON,MI49203


TY 2024 TaxesSchedule
Name:
THE ALRO STEEL FOUNDATION
EIN:
30-0254220
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 38,926 38,926   0
EXCISE TAXES 45,000 0   0
RECLAIMABLE FOREIGN TAXES 4,555 0   0