TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
Waymark Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

47-7150256

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$85,588,681J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	1,451,328		1,451,328
4	Dividends and interest from securities...	418,943		418,943
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		21,478
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...			21,478
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).......	List of Attached Documents: // Content	40,690	40,690
12	Total. Add lines 1 through 11........	1,932,439		1,932,439
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	20,205	20,205	0	0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	28,156	15,706	0	12,450
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	549,811	543,388		6,423
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	334,482	73,482
19	Depreciation (attach schedule) and depletion...				0
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	166,080	48,865		115,720
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,098,734		701,646	0	134,593
25	Contributions, gifts, grants paid.......	5,500,000				5,500,000
26	Total expenses and disbursements. Add lines 24 and 25	6,598,734		701,646	0	5,634,593
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-4,666,295
b	Net investment income (if negative, enter -0-)			1,230,793
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	28,186,630	14,854,936	14,854,936
	3	Accounts receivable 56,149
		Less: allowance for doubtful accounts		56,149	56,149
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	12,000	14,772	14,772
	10a	Investments—U.S. and state government obligations (attach schedule)	7,247,812	List of Attached Documents: // Content 5,334,211	5,266,177
	b	Investments—corporate stock (attach schedule).......		List of Attached Documents: // Content 2,389,410	2,288,821
	c	Investments—corporate bonds (attach schedule).......		List of Attached Documents: // Content 7,674,756	7,585,273
	11	Investments—land, buildings, and equipment: basis 75,462,544
		Less: accumulated depreciation (attach schedule) 8,831	74,936,559	List of Attached Documents: // Content 75,453,713	55,514,812
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 3,944
		Less: accumulated depreciation (attach schedule) 3,944	0
	15	Other assets (describe )	List of Attached Documents: // Content 9,170	List of Attached Documents: // Content 7,741	List of Attached Documents: // Content 7,741
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	110,392,171	105,785,688	85,588,681
	17	Accounts payable and accrued expenses..........	12,679	72,491
	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 )
	23	Total liabilities (add lines 17 through 22).........	12,679	72,491
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	110,379,492	105,713,197
	29	Total net assets or fund balances (see instructions).....	110,379,492	105,713,197
	30	Total liabilities and net assets/fund balances (see instructions).	110,392,171	105,785,688

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

110,379,492

Enter amount from Part I, line 27a .....................

-4,666,295

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

105,713,197

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

105,713,197

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b	ADDTL SALE PROCEEDS ON PID 72/73
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a				-194
b				21,672
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	21,478
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	17,108
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	17,108
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	17,108
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	32,006
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	32,006
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	14,898
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax14,898	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? Click to see attachment

List of Attached Documents:

// Content

....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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 Click to see attachment

List of Attached Documents:

// Content

....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T. Click to see attachment

List of Attached Documents:

// Content

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

DE, GA, SC, TX

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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 Click to see attachment

List of Attached Documents:

// Content

.................

Yes

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

Yes

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Charles D Royal	Sec, Treas, Trustee 38.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Sec, Treas, Trustee 38.0	0	0	0
Michael F Royal	Chair, Trustee 2.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Chair, Trustee 2.0	0	0	0
Susannah R Whelan	Trustee, Vice Chairman 2.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Trustee, Vice Chairman 2.0	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

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
Pareto Asset Management	Investment Mgmt	402,321
1985 Riviera Drive Ste 103 484 Mount Pleasant,SC29464	Investment Mgmt	402,321
McCullough Khan Appel	Legal	151,992
2036 Ewall Street MOUNT PLEASANT,SC29464	Legal	151,992
Bank of America	Investment Mgmt	141,067
PO Box 15284 WILMINGTON,DE19850	Investment Mgmt	141,067
Foundation Source	Administrative	115,720
55 Walls Drive Ste 302 Fairfield,CT06824	Administrative	115,720

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

5,474,029

Average of monthly cash balances.......................

30,409,212

Fair market value of all other assets (see instructions)................

55,514,812

Total (add lines 1a, b, and c).........................

91,398,053

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

91,398,053

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

1,370,971

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

90,027,082

Minimum investment return. Enter 5% (0.05) of line 5................

4,501,354

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.)

Minimum investment return from Part IX, line 6..................

4,501,354

Tax on investment income for 2024 from Part V, line 5 .......

17,108

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

17,108

Distributable amount before adjustments. Subtract line 2c from line 1............

4,484,246

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

4,484,246

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

4,484,246

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

5,634,593

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

5,634,593

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7				4,484,246
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			4,122,349
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $ 5,634,593
a Applied to 2023, but not more than line 2a			4,122,349
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....				1,512,244
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				2,972,002
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....	0

Form 990-PF (2024)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or 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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
NATIONAL CHRISTIAN FOUNDATION 1150 SANCTUARY PKWY STE 350 ALPHARETTA,GA30009	N/A	NC	The Waymark Foundation Fund	5,500,000
Total ................................. 3a				5,500,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	1,451,328
4 Dividends and interest from securities ....			14	418,943
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	21,478
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aHUNTING LEASE INCOME			14	40,690
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,932,439

13Total. Add line 12, columns (b), (d), and (e)..................

1,932,439

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

Waymark Foundation

EIN:

47-7150256

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BOOKKEEPING & GEN CONSULTATION	28,156	15,706		12,450

- TIN:

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

TY 2024 DepreciationSchedule

Name:

Waymark Foundation

EIN:

47-7150256

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Adjusted Net Income
PID 001.0 - LAND -		5,576,992		L		0
PID 002.0 - LAND -		372,300		L		0
PID 004.0 - LAND -		1,442,549		L		0
PID 005.0 - LAND -		282,962		L		0
PID 006.0 - LAND -		59,000		L		0
PID 007.0 - MOBILE	2011-03-06	2,480		L		0
PID 008.0 - LAND -		489,519		L		0
PID 009.0 - LAND -		55,140		L		0
PID 017.0 - LAND -		83,979		L		0
PID 018.0 - LAND -		206,460		L		0
PID 018.5 - LAND -		403,480		L		0
PID 019.0 - LAND -		1,384,278		L		0
PID 020.0 - LAND -		684,108		L		0
PID 021.0 - LAND -		841,106		L		0
PID 022.0 - LAND -		69,712		L		0
PID 023.0 - LAND -		20,458		L		0
PID 024.0 - LAND -		20,200		L		0
PID 028.0 - LAND -		781,480		L		0
PID 032.0 - LAND -		601,631		L		0
PID 033.0 - LAND -		691,631		L		0
PID 034.0 - LAND -		124,500		L		0
PID 034.1 - BUILDI		290,500		L		0
PID 035.0 - LAND -		123,000		L		0
PID 035.1 - BUILDI	2011-03-06	287,000		L		0
PID 039.0 - LAND -		3,668,004		L		0
PID 040.0 - LAND -		800,831		L		0
PID 055.0 - LAND -		801,863		L		0
PID 056.0 - LAND -		54,000		L		0
PID 057.0 - LAND -		3,483,074		L		0
PID 059.0 - LAND -		2,124,026		L		0
PID 070.0 - LAND -		35,725,900		L		0
PID 070.1 - LAND -		963,099		L		0
PID 070.2 - LAND -		438,632		L		0
PID 071.0 - LAND -		6,620,576		L		0
PID 090.0 - LAND -		805,741		L		0
PID 091.0 - LAND -		486,503		L		0
PID 092.0 - LAND -		487,440		L		0
PID 093.0 - LAND -		564,308		L		0
PID 094.0 - LAND -		532,283		L		0
PID 095.0 - LAND -		596,793		L		0
PID 096.0 - LAND -		596,793		L		0
PID 098.0 - LAND -		26,000		L		0
PID 099.0 - LAND -		17,250		L		0
PID 102.2- MINERAL		39,100		L
FURNITURE & FIXT		8,831	8,831	SL	7	0
CARRYING COSTS '18		219,668		L
CARRYING COSTS '19		222,634		L		0
CARRYING COSTS '20		201,670		L		0
CARRYING COSTS '21		166,740		L		0
CARRYING COSTS '22		140,483		L		0
CARRYING COSTS '23		258,683		L		0
COMPUTER EQUIP	2017-12-21	3,944	3,944	SL	5	0
CARRYING COSTS '24		273,812		L		0
PID 070.0 - LAND	2024-12-31	23,575		L		0
PID 070.1 - LAND	2024-12-31	3,328		L		0
PID 070.2 - LAND	2024-12-31	5,920		L		0
PID 071.0 - LAND	2024-12-31	17,311		L		0
PID 22.0 - LAND	2024-12-31	28,800		L		0
PID 028.0 - LAND	2024-12-31	22,227		L		0
PID 091.0 - LAND	2024-12-31	26,484		L		0
PID 092.0 - LAND	2024-12-31	26,789		L		0
PID 093.0 - LAND	2024-12-31	22,227		L		0
PID 094.0 - LAND	2024-12-31	22,227		L		0
PID 095.0 - LAND	2024-12-31	22,227		L		0
PID 096.0 - LAND	2024-12-31	22,227		L		0

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

Waymark Foundation

EIN:

47-7150256

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ALLY AUTO RECEI ABS 2024 - 5.0	347,412	347,436
BARCLAYS - 2.279% - 11/24/2027	162,029	161,687
BP CAP MKTS AMER - 3.410% - 02	133,435	133,347
CAPITAL ONE FINL CORP - 6.312%	156,206	154,918
CARMAX AUTO OWN ABS 2023 - 5.0	347,744	347,557
CFCRE COMMERCIA CMO 2016 - 3.8	346,240	346,311
CVS HEALTH CORP - 5.700% - 06/	163,872	157,310
FNMA PBX0388 - 4.500% - 12/31/	549,262	542,438
FNMA PFS1790 - 4.000% - 12/31/	547,748	539,708
FNMA PFS4116 - 5.500% - 12/01/	543,245	535,971
FNMA PFS6464 - 4.500% - 03/01/	551,812	546,932
FNMA PFS7082 - 3.500% - 12/31/	543,863	540,966
FNMA PFS8487 - 4.500% - 12/31/	545,569	530,896
GOLDMAN SACHS GROUP INC NOTE -	133,137	132,825
HCA INC - 3.625% - 03/15/2032	163,262	158,655
HELMERICH PAYNE - 5.000% - 10/	79,044	76,945
HOME DEPOT INC - 4.950% - 06/2	81,142	78,982
KROGER CO - 5.000% - 09/15/203	159,558	154,781
MICRON TECHNOLOGY INC NOTE - 6	102,671	101,173
MORGAN STANLEY - 5.320% - 07/1	157,962	152,515
NATIONAL RURAL UTIL CORP - 4.8	162,118	160,083
PARKER-HANNIFIN CORP NOTE - 4.	79,532	79,148
PHILIP MORRIS INTL INC NOTE -	83,508	82,427
PNC FINL - 5.582% - 06/12/2029	159,239	157,692
ROYAL BANK CDA - 5.200% - 07/2	106,343	105,965
SCHWAB CHERLES NOTE - 6.136% -	102,254	99,808
TAPESTRY INC - 5.100% - 03/11/	67,157	66,237
TARGA RESOURCES CORP - 6.150%	78,794	77,812
TRUIST FINANCIAL CORP - 4.260%	184,523	184,272
UNITEDHEALTH GROUP - 4.500% -	78,446	75,893
US TREASURY NOTE - 1.250% - 05	408,357	406,354
VOLKSWAGEN AUTO ABS 2024 - 5.2	349,272	348,229

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

Waymark Foundation

EIN:

47-7150256

Name of Stock	End of Year Book Value	End of Year Fair Market Value
UNDEFINED	8,023	7,588
3M CO	6,523	6,325
ABBOTT LABS	10,978	10,745
ACADEMY SPORTS AND OUTDOORS IN	2,342	2,646
ADOBE SYSTEMS, INC	7,179	5,781
ADVANCED DRAINAGE SYSTEMS INC	7,691	6,820
ADVANCED ENERGY IND INC	4,332	4,278
AIRBUS SE	4,399	4,488
ALARM.COM HOLDINGS INC	5,087	4,499
ALCON INC - SW	4,956	4,752
ALIBABA GROUP HOLDING LTD	691	678
ALLIANZ SE (OLD)	4,378	4,285
ALPHABET INC CL A	30,295	32,938
ALPHABET INC CL C	13,360	14,473
AMAZON COM	54,465	53,311
AMN HEALTHCARE SERVICES INC	1,917	1,722
AMPHENOL CORPORATION	1,786	1,667
APA CORPORATION	1,146	1,247
APELLIS PHARMACEUTICALS	3,875	3,638
APPLE INC	82,598	84,891
APPLIED IDNS TECH	6,869	5,987
APPLOVIN CORP	1,581	1,295
ARES MANAGEMENT CORPORATION	6,395	6,373
ARISTA NETWORKS	3,037	3,095
ARROWHEAD PHARMACEUTICALS INC	3,644	2,895
ASGN INC	4,818	4,500
ASML HOLDING NV NY REG SHS	15,392	15,248
ASTRAZENECA	12,941	12,514
AT&T, INC	7,909	7,605
ATI INC	5,851	5,559
ATKORE INTERNATIONAL GROUP INC	2,830	2,587
ATRICURE, INC.	1,907	1,681
AUTOZONE INC	3,280	3,202
AVANTOR HOLDINGS INC	2,870	2,844
AVERY DENNISON CORP	6,753	6,175
AXON ENTERPRISE	13,226	11,292
BAE SYSTEMS	5,147	4,560
BALCHEM CORP	4,255	3,912
BANK CENTRAL ASIA TBK PT	3,903	3,726
BARCLAYS ORD GBP	6,145	6,159
BECTON DICKINSON & CO	6,191	6,352
BENTLEY SYSTEMS INC CL B	4,379	4,110
BERKSHIRE HATHAWAY INC. CLASS	23,501	22,664
BIOMARIN PHARMACEUTICAL INC	1,983	1,972
BJ'S WHLSL CLUB INC	6,194	5,718
BLACKROCK INC	8,371	8,201
BLUEPRINT MEDICINES CORPORATIO	5,373	4,884
BOOT BARN HOLDINGS, INC	5,431	5,466
BOSTON SCIENTIFIC	9,416	9,289
BROADCOM INC	45,150	60,741
CACI INTL INC	8,677	7,677
CACTUS, INC. CLASS A	6,233	5,661
CALX NETWORKS INC.	1,881	1,953
CANADIAN PACIFIC RAILWAY LTD	5,783	5,500
CARLISLE COS INC	8,771	7,377
CAVA GROUP INC	7,520	5,753
CELSIUS HLDGS INC	3,235	2,950
CHART INDUSTRIES, INC	6,912	6,870
CHENIERE ENERGY INC	4,897	4,727
CHEVRON CORP	7,479	6,952
CHIPOTLE MEX GRILL	849	784
CHUBB LIMITED	5,501	5,250
CIENA CORP	2,409	2,799
CISCO SYSTEMS INC	5,455	5,387
COGNEX CORPORATION	2,482	2,331
COMPASS GROUP ORD	9,422	9,168
CONOCOPHILLIPS	2,886	2,777
CONSTELLATION ENERGY GROUP INC	4,310	3,803
CONSTELLATION SOFTWARE INC	10,150	9,272
COOPER COMPANIES INC	4,276	3,953
COSTCO WHOLESALE CORPORATION	10,944	10,079
CRH PLC - AMERICAN DEPOSITARY	6,016	5,459
CROCS INC	4,914	4,819
CULLEN EMERGING MARKETS HIGH D	127,399	123,003
CYTOKINETICS INC	4,311	3,904
D R HORTON	4,803	4,195
DAIICHI SANKYO CO-LTD	2,699	2,271
DECKERS OUTDOOR CORPORATION	4,842	4,874
DEERE CO	3,569	3,390
DEUTSCHE TELEKOM	15,554	14,544
DIGITALOCEAN HOLDINGS INC	2,575	2,146
DOORDASH ORD SHS CLASS A	2,844	2,684
DU PONT DE NEMOURS	5,021	4,651
DUOLINGO	6,312	5,512
DYNATRACE	8,777	8,153
EATON CORP PLC	16,083	14,270
EDWARDS LIFESCIENCES	508	518
ELASTIC NV	7,053	6,242
ELI LILLY & CO	13,504	12,352
ENCOMPASS HEALTH CORPORATION	6,018	5,449
ENTEGRIS INC	3,059	2,774
EQUINIX, INC	3,896	3,772
EXACT SCIENCES CORPORATION	4,781	4,214
EXPAND ENERGY CORP	4,152	4,281
EXXON MOBIL CORP	10,066	9,466
FACTSET RESH SYST INC	5,760	5,763
FAIR ISSAC & CO INC	16,676	13,937
FEDERAL SIGNAL CORP	9,037	8,500
FERRARI N.V. CMN - NON-US EQUI	4,797	4,697
FIRST FINANCIAL BANKSHARES, IN	3,735	3,281
FIRSTCASH HOLDINGS INC	5,308	5,180
FIVE9 INC	4,038	3,861
FLOOR AND DECOR HOLDINGS	6,742	5,982
FLUOR CORP	1,622	1,430
FLUTTER ENTMT PLC ADR	4,954	4,652
FREEPORT-MCMORAN COPPER & GOLD	4,675	4,189
FRESHPET INC	6,472	6,221
FTAI AVIATION LTD	7,862	7,202
GENERAC HOLDING INC	4,687	4,031
GENERAL ELECTRIC CO	3,637	3,503
GENERAL MOTORS	1,979	1,971
GLOBANT SA	5,300	4,932
GOLDMAN SACHS GROUP	2,987	2,863
GRAINGER W W INC	2,381	2,108
GUIDEWIRE SOFTWARE INC	7,048	6,743
HALEON PLC REG SHS GBP	4,883	4,855
HALOZYME THERAPEUTICS, INC	5,400	5,307
HAMILTON LANE INC	8,644	6,958
HEALTHEQUITY INC	7,397	7,100
HERMES INTL SA	6,731	7,213
HEXCEL CP DELAWARE	3,222	3,198
HILTON WORLDWIDE HOLDINGS, INC	4,114	3,955
HOME DEPOT INC	13,896	12,448
HSBC HLDG	6,177	6,491
HUBSPOT INC	5,286	4,877
HURON CONSULTING GROUP INC	6,298	6,337
IBERDROLA SA, BILBAO	8,579	8,277
ICICI BK LTD ADS	12,346	12,093
ICON PLC - AMERICAN DEPOSITARY	3,233	3,146
INGEVITY CORPORATION	3,896	3,342
INSMED INC COM DE	6,123	5,592
INTERNATIONAL BUSINESS MACHINE	2,847	2,638
INTRA CELLULAR THERAPIES INC	6,423	6,348
INTUIT	2,604	2,514
INTUITIVE SURGICAL	5,577	5,220
IONIS PHARMACEUTICALS INC	4,973	4,545
IRIDIUM COMMUNICATIONS INC	1,760	1,625
IRON MOUNTAIN	5,200	4,625
ISHARES CHINA LARGE CAP	28,307	28,461
ISHARES MSCI INDIA ETF	48,985	46,481
ITT INC	8,471	7,716
IVANHOE MINES-LTD	3,802	3,369
JAZZ PHARMACEUTICALS INC	4,051	4,064
JOHNSON & JOHNSON	7,728	7,520
JP MORGAN CHASE	16,974	16,540
KEYENCE CORP FIRST SECTION COM	7,494	6,989
KINSALE CAPITAL GROUP INC	7,545	6,977
KKR & CO INC	14,378	13,460
KONTOOR BRANDS INC	3,711	3,502
L'AIR LIQUIDE (L)	4,519	4,387
L'OREAL EUR PAR	5,228	5,310
L3HARRIS TECHNOLOGIES	4,741	4,206
LAM RESEARCH CORP	909	867
LAMAR ADVERTISING CO CL A REIT	5,243	4,870
LANTHEUS HOLDINGS INC	4,130	4,115
LENNOX INTL INC	7,922	7,312
LIBERTY OILFIELD SVCS INC COM	2,726	3,083
LIVE NATION INC COM	6,520	6,216
LONZA GROUP AG SWITZERLAND	4,735	4,730
LPL FINANCIAL HOLDINGS INC	8,891	8,816
LVMH MOET HENN UNSP	4,139	4,051
MACOM TECHNOLOGY SOLUTIONS HOL	3,934	3,637
MACQUARIE GROUP LTD	10,398	9,469
MADRIGAL PHARMACEUTICALS	5,714	5,554
MANHATTAN ASSOCIATES INC	12,188	10,810
MARKETAXESS HOLDINGS, INC	4,110	3,843
MARVELL TECHNOLOGY, INC	12,487	12,150
MASTEC INC	6,216	5,990
MASTERCARD INC	12,144	12,111
MATADOR RESOURCES COMPANY	6,864	6,976
MCDONALD'S CORP	2,413	2,319
MCKESSON CORP	2,411	2,280
MEDPACE HOLDINGS, INC	2,086	1,993
MERCADOLIBRE, INC	11,905	10,203
MERCK & CO INC	15,406	14,823
MERIT MEDICAL SYSTEMS, INC.	7,875	7,254
META PLATFORMS INC	37,274	35,131
METLIFE INC	1,968	1,883
MGIC INVESTMENT CORP	6,582	6,117
MGM RESORTS INTERNATIONAL	4,736	4,401
MICROSOFT CORP	71,015	67,439
MKS INSTRUMENTS, INC	4,036	3,654
MODINE MFG CO	8,266	6,840
MONDELEZ INTERNATIONAL INC	6,287	5,913
MORGAN STANLEY	11,035	10,686
NATERA INC	10,651	9,815
NETFLIX INC	9,200	8,913
NEUROCRINE BIOSCIENCES, INC	7,423	7,917
NEXSTAR MEDIA GROUP, INC	5,782	5,371
NEXTERA ENERGY, INC	6,826	6,452
NORTHROP GRUMMAN CORP	2,860	2,816
NOVANTA INC	7,015	6,416
NOVO NORDISK A/S B	5,853	4,680
NUTANIX INC	12,385	11,135
NVIDIA CORP	87,215	80,976
OPTION CARE HEALTH INC	2,911	2,946
ORACLE CORP	5,786	4,999
OSI SYSTEMS, INC	3,979	3,683
OVINTIV INC	3,187	3,119
PACIFIC PREMIER BANCORP INC	2,655	2,392
PALO ALTO NETWORKS INC	22,358	20,016
PAYPAL HOLDINGS, INC	2,225	2,134
PERFORMANCE FOOD GROUP COMPANY	7,065	6,595
PHREESIA INC COM	2,823	3,246
PLANET FITNESS INC	4,642	4,548
PNC FINANCIAL GROUP INC	5,834	5,400
POOL CORP	6,793	6,137
POWER INTEGRATIONS, INC	4,658	4,504
PRA GROUP INC	1,884	1,943
PROCTER GAMBLE CO	7,041	6,706
PROLOGIS	5,177	4,862
PTC THERAPEUTICS INC	5,710	5,281
PURE STORAGE INC	7,308	6,880
Q2 HOLDINGS INC	7,357	6,643
QUANTA SVCS INC	22,109	20,859
RAYTHEON TECHNOLOGIES CORP	7,568	7,406
RECKITTBECNKISERGROUP GBP PAR	4,981	4,903
RECRUIT HOLDINGS CO-LTD	5,870	5,815
REGENERON PHARMACEUTICALS INC	2,323	2,137
REPLIGEN CORP	5,521	5,326
REVOLUTION MEDICINES INC	3,736	3,412
RHEINMETALL FN	3,285	3,187
RIOT BLOCKCHAIN INC	3,537	2,757
SAFRAN SA	5,135	4,832
SAIA, INC	8,863	7,747
SALESFORCE.COM	17,472	16,048
SANOFI	6,944	6,989
SAP SE	6,550	6,604
SAREPTA THERAPEUTICS INC	4,644	4,377
SCHNEIDER SA F	6,610	6,486
SEMPRA ENERGY COM	8,194	7,983
SERVICE NOW	5,668	5,301
SHELL PLC	4,993	4,837
SHIN ETSU CHEMICAL 4063	2,716	2,393
SHOPIFY INC	1,553	1,382
SIEMENS AG (GER)	4,113	4,119
SILICON LABORATORIES, INC	4,824	5,217
SONY CORP Y50	6,916	7,351
SPDR S&P BIOTECH ETF	8,960	8,105
SPOTIFY TECHNOLOGY SA	3,429	3,132
SPROUT SOCIAL INC	2,157	1,996
STAAR SURGICAL ORD SHS	2,053	1,943
STARBUCKS CORP COM	1,582	1,460
STEELECASE INC	3,286	2,931
STERIS PLC	6,992	6,578
SUMITO MOMITSUI FIN 8316	10,278	9,532
SUMMIT MATERIALS INC (DELISTED	5,094	5,060
SWEDBANK AB	4,965	4,999
SYNOPSYS, INC	1,580	1,456
SYSCO CORP	7,944	7,493
TAIWAN SEMICONDUCTOR MFG CO LT	21,176	21,724
TARGET CORPORATION	4,207	4,326
TENABLE HOLDINGS INC	6,238	5,710
TESLA MOTORS INC	25,765	27,461
TEXAS ROADHOUSE, INC	9,227	8,480
THE BLACKSTONE GROUP INC CL A	14,647	13,449
THE COCA-COLA CO	10,304	10,211
THE TRADE DESK INC	1,381	1,175
THERMO FISHER SCIENTIFIC INC	7,434	7,283
TOAST INC	7,285	7,035
TOPBUILD CORP	6,065	4,981
TOTALENERGIES SE	9,358	8,938
TOYOTA MOTOR CORP 7203	3,808	4,364
TRANE TECHNOLOGIES PLC	2,509	2,216
TRANSDIGM GRP INC	3,847	3,802
TREX CO INC	5,720	5,108
UBER	3,055	2,775
ULTRAGENYX PHARMACEUTICAL INC	6,473	5,595
UNICREDIT SPA NPV	6,713	6,981
UNION PACIFIC	3,485	3,421
UNITED RENTALS INC	9,452	7,749
UNITEDHEALTH GROUP INC	8,899	8,094
UNIVERSAL HLTH SVC B	3,724	3,409
VALARIS PLC	2,358	2,433
VALERO ENERGY CORP	5,815	5,394
VERTIV CL A	7,751	6,589
VIKING HOLDINGS LTD	6,094	5,728
VISA INC	15,570	15,802
VISTRA ENERGY CORP	4,137	3,585
WAL-MART STORES INC	11,177	10,571
WALT DISNEY HOLDINGS CO	3,269	3,118
WASTE MANAGEMENT INC	8,740	7,870
WEX, INC	2,037	1,929
WHEATON PRECIOUS METALS CORP	6,145	5,624
WILLSCOT MOBILE MINI CL A	5,388	4,549
WINGSTOP INC	7,866	6,537
WOLTERS KLUWER-NV	6,714	6,644
WORKIVA INC	5,816	6,242
WYNDHAM HOTELS & RESORTS INC C	7,997	7,962
XYLEM INC	4,839	4,409
YETI HOLDINGS, INC.	4,433	3,967
ZURICH INSURANCE GROUP AG (CHF	12,048	11,291

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

Waymark Foundation

EIN:

47-7150256

US Government Securities - End of Year Book Value:

5,334,211

US Government Securities - End of Year Fair Market Value:

5,266,177

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

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

- TIN:

TY 2024 InvestmentsLandSchedule2

Name:

Waymark Foundation

EIN:

47-7150256

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
PID 001.0 - LAND -	5,576,992		5,576,992	3,590,000
PID 002.0 - LAND -	372,300		372,300	150,000
PID 004.0 - LAND -	1,442,549		1,442,549	1,110,000
PID 005.0 - LAND -	282,962		282,962	500,000
PID 006.0 - LAND -	59,000		59,000	55,000
PID 007.0 - MOBILE	2,480		2,480	2,480
PID 008.0 - LAND -	489,519		489,519	300,000
PID 009.0 - LAND -	55,140		55,140	150,000
PID 017.0 - LAND -	83,979		83,979	30,000
PID 018.0 - LAND -	206,460		206,460	90,000
PID 018.5 - LAND -	403,480		403,480	145,000
PID 019.0 - LAND -	1,384,278		1,384,278	1,763,000
PID 020.0 - LAND -	684,108		684,108	900,000
PID 021.0 - LAND -	841,106		841,106	690,000
PID 022.0 - LAND -	69,712		69,712	23,000
PID 023.0 - LAND -	20,458		20,458	62,000
PID 024.0 - LAND -	20,200		20,200	20,000
PID 028.0 - LAND -	781,480		781,480	700,000
PID 032.0 - LAND -	601,631		601,631	1,020,000
PID 033.0 - LAND -	691,631		691,631	1,190,000
PID 034.0 - LAND -	124,500		124,500	124,500
PID 034.1 - BUILDI	290,500		290,500	325,500
PID 035.0 - LAND -	123,000		123,000	123,000
PID 035.1 - BUILDI	287,000		287,000	327,000
PID 039.0 - LAND -	3,668,004		3,668,004	1,600,000
PID 040.0 - LAND -	800,831		800,831	375,000
PID 055.0 - LAND -	801,863		801,863	890,782
PID 056.0 - LAND -	54,000		54,000	35,000
PID 057.0 - LAND -	3,483,074		3,483,074	2,935,000
PID 059.0 - LAND -	2,124,026		2,124,026	2,700,000
PID 070.0 - LAND -	35,725,900		35,725,900	17,410,000
PID 070.1 - LAND -	963,099		963,099	740,000
PID 070.2 - LAND -	438,632		438,632	1,560,000
PID 071.0 - LAND -	6,620,576		6,620,576	8,020,000
PID 090.0 - LAND -	805,741		805,741	1,775,000
PID 091.0 - LAND -	486,503		486,503	680,000
PID 092.0 - LAND -	487,440		487,440	650,000
PID 093.0 - LAND -	564,308		564,308	650,000
PID 094.0 - LAND -	532,283		532,283	700,000
PID 095.0 - LAND -	596,793		596,793	680,000
PID 096.0 - LAND -	596,793		596,793	680,000
PID 098.0 - LAND -	26,000		26,000	12,000
PID 099.0 - LAND -	17,250		17,250	12,000
PID 102.2- MINERAL	39,100		39,100
FURNITURE & FIXT	8,831	8,831
CARRYING COSTS '18	219,668		219,668
CARRYING COSTS '19	222,634		222,634
CARRYING COSTS '20	201,670		201,670
CARRYING COSTS '21	166,740		166,740
CARRYING COSTS '22	140,483		140,483
CARRYING COSTS '23	258,683		258,683
CARRYING COSTS '24	273,812		273,812
PID 070.0 - LAND	23,575		23,575
PID 070.1 - LAND	3,328		3,328
PID 070.2 - LAND	5,920		5,920
PID 071.0 - LAND	17,311		17,311
PID 22.0 - LAND	28,800		28,800
PID 028.0 - LAND	22,227		22,227
PID 091.0 - LAND	26,484		26,484
PID 092.0 - LAND	26,789		26,789
PID 093.0 - LAND	22,227		22,227
PID 094.0 - LAND	22,227		22,227
PID 095.0 - LAND	22,227		22,227
PID 096.0 - LAND	22,227		22,227

- TIN:

TY 2024 LandEtcSchedule2

Name:

Waymark Foundation

EIN:

47-7150256

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
COMPUTER EQUIP	3,944	3,944

- TIN:

TY 2024 LegalFeesSchedule

Name:

Waymark Foundation

EIN:

47-7150256

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GENERAL CONSULTATIONS	20,205	20,205

- TIN:

TY 2024 OtherAssetsSchedule

Name:

Waymark Foundation

EIN:

47-7150256

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
NET START-UP COSTS		7,741	7,741

- TIN:

TY 2024 OtherExpensesSchedule

Name:

Waymark Foundation

EIN:

47-7150256

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	115,720		115,720
AMORTIZATION EXPENSE	1,429
HOA FEES & UTILITIES	15,186	15,186
Office & Supplies	906	906
Property insurance	17,699	17,699
Property Maintenance	14,302	14,302
Registered Agent Fee	772	772
PENALTY	66

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

Waymark Foundation

EIN:

47-7150256

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Hunting Lease Income	40,690	40,690

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

Waymark Foundation

EIN:

47-7150256

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
EMPLOYEE RECRUITING/TEMP AGENC	6,423		6,423
Investment Management Services	141,067	141,067
REAL ESTATE MGMT SERVICES	402,321	402,321

- TIN:

TY 2024 TaxesSchedule

Name:

Waymark Foundation

EIN:

47-7150256

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2024	16,000
990-PF Extension for 2023	245,000
FRANCHISE TAXES	59,098	59,098
Property Taxes	14,384	14,384