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
JOBST FOUNDATION PFDN
 
Number and street (or P.O. box number if mail is not delivered to street address)4900 TIEDEMAN ROAD OH-01-49-0381
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BROOKLYN, OH44144
A Employer identification number

34-6872214
B Telephone number (see instructions)

(419) 259-6197
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$24,594,688J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 490,754 482,009  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,280,415
b Gross sales price for all assets on line 6a 3,449,426
7 Capital gain net income (from Part IV, line 2)... 1,280,415
8 Net short-term capital gain......... 0
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
539    
12 Total. Add lines 1 through 11........ 1,771,708 1,762,424  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 119,573 49,324   70,249
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,050 0 0 1,050
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
20,744 2,469   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
200     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 141,567 51,793 0 71,499
25 Contributions, gifts, grants paid....... 930,000 930,000
26 Total expenses and disbursements. Add lines 24 and 25 1,071,567 51,793 0 1,001,499
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 700,141
b Net investment income (if negative, enter -0-) 1,710,631
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 174,710 434,099 434,099
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,405,442 Click to see attachment
List of Attached Documents:
// Content
12,838,586 		24,131,188
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
29,401 		Click to see attachment
List of Attached Documents:
// Content
29,401 		Click to see attachment
List of Attached Documents:
// Content
29,401
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,609,553 13,302,086 24,594,688
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
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........ 12,609,553 13,302,086
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 12,609,553 13,302,086
30 Total liabilities and net assets/fund balances (see instructions). 12,609,553 13,302,086
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
12,609,553
2
Enter amount from Part I, line 27a .....................
2
700,141
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5
4
Add lines 1, 2, and 3 ..........................
4
13,309,699
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
7,613
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,302,086
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 500. APPLE INC     2024-06-24
b 500. APPLE INC   2016-02-09 2024-12-11
c 4000. CISCO SYS INC COM   1997-05-01 2024-12-11
d 2500. COMCAST CORP CL A     2024-06-24
e 1500. COMCAST CORP CL A   2011-05-25 2024-08-16
1000. COMCAST CORP CL A   2011-05-25 2024-12-11
150000. CONSTELLATION BRANDS INCDTD 11/3/2014 4.   2022-03-11 2024-11-15
100. DANAHER CORP   2016-03-11 2024-08-16
100000. DUKE ENERGY CORPDTD 4/4/2014 3.75000% 4/   2018-06-26 2024-04-15
300. HONEYWELL INTERNATIONAL INC   2016-01-12 2024-06-24
100000. ING GROEP N V   2022-03-11 2024-04-09
160. INTUIT     2024-08-16
100. INTUITIVE SURGICAL INC     2024-08-16
7600. ISHARES MSCI EMERGING MKTS INDEX$0.98600     2024-12-11
354. JOHNSON & JOHNSON     2024-06-24
369. KENVUE INC     2024-04-15
150000. KINDER MORGAN ENERGY PARTNERSDTD 8/5/201   2022-03-04 2024-02-01
350. MICROSOFT CORP     2024-06-24
1700. MORGAN STANLEY DEAN WITTER     2024-04-15
500. NVIDIA CORP   2021-02-26 2024-12-11
200. PEPSICO INC CAP   2019-05-14 2024-06-24
425000. UNITED STATES TREAS NTS   2022-08-10 2024-07-31
1425. VANGUARD FTSE EMERGING MKTS ETF $1.05000     2024-12-11
100000. WELLPOINT INC 3.500% 8/15/24   2022-03-11 2024-08-15
250000. WILLIAMS PARTNERS L PDTD 3/4/2014 4.3000   2022-03-04 2024-03-04
640. ZOETIS INC     2024-12-11
900. ACCENTURE PLC     2024-04-15
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 103,827   12,696 91,131
b 124,818   11,806 113,012
c 233,899   23,611 210,288
d 95,672   46,983 48,689
e 59,533   18,368 41,165
39,612   12,245 27,367
150,000   150,000  
26,885   6,053 20,832
100,000   99,686 314
64,549   28,172 36,377
100,000   100,000  
104,418   43,191 61,227
48,081   16,787 31,294
334,816   279,259 55,557
52,730   41,742 10,988
7,107   5,417 1,690
150,000   150,000  
157,482   29,251 128,231
149,327   40,299 109,028
68,530   6,837 61,693
33,491   25,561 7,930
425,000   423,307 1,693
66,328   54,431 11,897
100,000   100,000  
250,000   250,000  
113,176   60,419 52,757
284,407   131,197 153,210
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
      5,738
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       91,131
b       113,012
c       210,288
d       48,689
e       41,165
      27,367
       
      20,832
      314
      36,377
       
      61,227
      31,294
      55,557
      10,988
      1,690
       
      128,231
      109,028
      61,693
      7,930
      1,693
      11,897
       
       
      52,757
      153,210
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,280,415
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 23,778
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 23,778
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 23,778
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 10,927
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,927
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 348
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 13,199
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowOH
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowKEYBANK NA Telephone no.right arrow (216) 813-4556

Located atright arrow4900 TIEDEMAN RD OH-01-49-0381BROOKLYNOH ZIP+4right arrow44144
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ADAM BARCROFT CO-TRUSTEE
1 		17,936    
161 TATRO RS
ASHFIELD,MA013309613
GRANGER SOUDER CO-TRUSTEE
1 		17,936    
4309 BROOKSIDE RD
TOLEDO,OH43615
LAURIE J AVERY CO-TRUSTEE
1 		17,936    
536 E FRONT ST
PERRYSBURG,OH43551
KEYBANK N A TRUSTEE
1 		65,765    
127 PUBLIC SQUARE
CLEVELAND,OH44144
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
24,175,854
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
24,175,854
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
24,175,854
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
362,638
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,813,216
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,190,661
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,190,661
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
23,778
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
23,778
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,166,883
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,166,883
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
1,166,883
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,001,499
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,001,499
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,166,883
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 132,333
b From 2020...... 29,534
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 161,867
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,001,499
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,001,499
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 161,867 161,867
(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 .......... 		3,517
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.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ALYCE JUBY TRUSTEE
KEYBANK NA PO BOX 10099
TOLEDO,OH436990099
(419) 259-6197
bThe form in which applications should be submitted and information and materials they should include:
APPROPRIATE INFORMATION, INCLUDING PURPOSE OF GRANT, EXEMPTION LETTER, ETC.
cAny submission deadlines:
JULY 31 OF EACH YEAR
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

UNIVERSITY OF MICHIGAN MEDICAL SCHOOL

1301 CATHERINE ST
ANN ARBOR,MI48109 		NONE PC GENERAL OPERATING 275,000

TRINITY EPISCOPAL CHURCH

32 CHURCH ST
SAUGERTIES,NY12477 		NONE PC GENERAL OPERATING 110,000

ADOPT AMERICA NETWORK

3100 W CENTRAL AVE STE 225
TOLEDO,OH436062960 		NONE PC GENERAL OPERATING 75,000

TOLEDO SYMPHONY

1838 PARKWOOD AVE 310
TOLEDO,OH43624 		NONE PC GENERAL OPERATING 120,000

PROMEDICA-JOBST VASCULAR CENTER

2109 HUGHES DR SUITE 400
TOLEDO,OH43606 		NONE PC GENERAL OPERATING 350,000
Total .................................right arrow 3a 930,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 490,754  
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 1,280,415  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND 		      539  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,771,708  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,771,708
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
JOBST FOUNDATION PFDN
EIN:
34-6872214
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,050     1,050

TY 2024 InvestmentsOtherSchedule2
Name:
JOBST FOUNDATION PFDN
EIN:
34-6872214
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
00724F101 ADOBE INC AT COST 101,153 171,202
023135106 AMAZON COM INC AT COST 394,521 658,170
09247X101 BLACKROCK INC      
17275R102 CISCO SYS INC      
20030N101 COMCAST CORP      
235851102 DANAHER CORP DEL AT COST 93,864 373,019
254687106 WALT DISNEY CO      
256677105 DOLLAR GENERAL CORP      
437076102 HOME DEPOT INC AT COST 136,038 322,862
438516106 HONEYWELL INTERNATIO AT COST 93,906 225,890
461202103 INTUIT      
46120E602 INTUITIVE SURGICAL I AT COST 127,318 417,568
464287465 ISHARES MSCI EAFE IN AT COST 583,010 706,197
464287564 ISHARES COHEN & STEE AT COST 8,998 12,052
464287655 ISHARES RUSSELL 2000 AT COST 283,180 662,880
464287804 ISHARES CORE S&P SMA AT COST 390,548 646,960
464288646 ISHARES SHORT-TERM C      
464288687 ISHARES S&P US PREFE AT COST 201,648 160,344
46432F842 ISHARES CORE MSCI EA AT COST 303,816 351,400
478160104 JOHNSON & JOHNSON      
580135101 MCDONALDS CORP AT COST 38,477 86,967
609207105 MONDELEZ INTERNATION      
713448108 PEPSICO INC      
742718109 PROCTER & GAMBLE CO AT COST 132,346 318,535
907818108 UNION PACIFIC CORP AT COST 11,014 171,030
922042858 VANGUARD FTSE EMERGI      
617446448 MORGAN STANLEY      
291011104 EMERSON ELEC CO AT COST 27,330 148,716
437076BV3 HOME DEPOT INC      
67066G104 NVIDIA CORP AT COST 102,562 1,007,175
883556102 THERMO FISHER SCIENT AT COST 140,620 364,161
907818EU8 UNION PACIFIC CORPDT      
9983171S0 LIMITED PARTNERSHIP      
46625H100 JP MORGAN CHASE & CO AT COST 130,041 671,188
57636Q104 MASTERCARD INC AT COST 197,091 1,005,749
995065573 BALANCE O/S $1 100 0 AT COST 1 1
G1151C101 ACCENTURE PLC      
02079K305 ALPHABET INC AT COST 180,201 946,500
038222105 APPLIED MATERIALS IN AT COST 95,449 910,728
230001406 CULLEN HIGH DIVIDEND      
30161MAL7 EXELON GENERATION CO      
594918104 MICROSOFT CORP AT COST 40,683 1,433,100
75513E101 RAYTHEON TECHNOLOGIE      
922908645 VANGUARD MID-CAP IND      
931142103 WALMART INC AT COST 125,456 542,100
26441CAN5 DUKE ENERGY CORPDTD      
464287226 ISHARES CORE US AGGR AT COST 1,314,872 1,133,730
464287234 ISHARES MSCI EMERGIN      
921910600 VANGUARD US GROWTH F AT COST 44,026 116,451
921943858 VANGUARD FTSE DEV MK AT COST 17,142 21,519
922031711 VANGUARD ULTRA-SHORT      
00287Y109 ABBVIE INC AT COST 58,151 195,470
464287242 ISHARES IBOXX $INVES AT COST 896,174 827,476
464288612 ISHARES BARCLAYS INT      
478160BH6 JOHNSON & JOHNSONDTD      
060505104 BANK OF AMERICA CORP      
09260B747 BLACKROCK FLOATING R AT COST 159,644 149,072
773903109 ROCKWELL AUTOMATION AT COST 51,964 85,737
824348106 SHERWIN WILLIAMS CO AT COST 53,376 132,573
98978V103 ZOETIS INC AT COST 51,456 97,758
037833100 APPLE INC AT COST 38,338 1,627,730
110122AT5 BRISTOL-MYERS SQUIBB      
369550BD9 GENERAL DYNAMICS COR      
464287507 ISHARES CORE S&P MID AT COST 723,943 1,643,426
464289511 ISHARES LONG-TERM CO AT COST 36,035 29,640
86562MBV1 SUMITOMO MITSUI FINA AT COST 245,213 249,778
78355HKK4 RYDER SYSTEM INC      
78355HKR9 RYDER SYSTEM INC AT COST 150,514 148,529
21036PAN8 CONSTELLATION BRANDS      
12594KAA0 CNH INDUSTRIAL N VDT      
30040WAG3 EVERSOURCE ENERGY      
780097BD2 ROYAL BANK OF SCOTLA      
91282CFA4 UNITED STATES TREAS      
00287YAQ2 ABBVIE INCDTD 5/14/2 AT COST 200,624 199,172
998369950 IDR CORE PROPERTY IN      
37045XCV6 GENERAL MOTORS FINAN AT COST 246,520 249,100
456837AP8 ING GROEP N V      
94973VBJ5 WELLPOINT INC 3.500%      
494550BS4 KINDER MORGAN ENERGY      
96950FAM6 WILLIAMS PARTNERS L      
00439R200 ACCORDANT ODCE INDEX AT COST 492,443 402,254
06417XAN1 BANK OF NOVA SCOTIA AT COST 99,065 100,028
084659AD3 BERKSHIRE HATHAWAY E AT COST 244,825 249,598
461070AM6 INTERSTATE POWER & L AT COST 242,123 247,758
49177J102 KENVUE INC      
559222AR5 MAGNA INTERNATIONAL AT COST 147,564 149,301
756109BG8 REALTY INCOME CORP AT COST 94,652 98,321
75973QAA5 RENAISSANCERE FINANC AT COST 232,203 241,600
808513BB0 CHARLES SCHWAB CORP AT COST 244,863 249,615
842400GN7 SOUTHERN CALIF EDISO AT COST 193,228 198,566
845437BP6 SOUTHWESTERN ELEC PO AT COST 141,186 144,680
09290D101 BLACKROCK FUNDING IN AT COST 126,772 410,044
11135F101 BROADCOM INC AT COST 180,639 231,840
125523AG5 CIGNA CORP AT COST 245,398 248,733
22160K105 COSTCO WHOLESALE COR AT COST 161,284 183,254
24422EVB2 JOHN DEERE CAPITAL C AT COST 242,628 241,073
29379VCC5 ENTERPRISE PRODS OPE AT COST 248,795 251,223
456837AH6 ING GROEP N VDTD 3/2 AT COST 245,825 245,645
46625HQW3 JPMORGAN CHASE & COD AT COST 240,613 246,183
701094104 PARKER HANNIFIN CORP AT COST 102,933 95,405
718172CE7 PHILIP MORRIS INTERN AT COST 238,923 237,835
89115A2C5 TORONTO-DOMINION BAN AT COST 345,814 344,239
G8994E103 TRANE TECHNOLOGIES P AT COST 99,547 92,338

TY 2024 OtherAssetsSchedule
Name:
JOBST FOUNDATION PFDN
EIN:
34-6872214
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
XXX-XX-XXXX REIMANN, WALTER $118 29,401 29,401 29,401


TY 2024 OtherDecreasesSchedule
Name:
JOBST FOUNDATION PFDN
EIN:
34-6872214
Description Amount
PY RETURN OF CAPITAL ADJUSTMENT 7,567
CY COST ADJUSTMENT 46


TY 2024 OtherExpensesSchedule
Name:
JOBST FOUNDATION PFDN
EIN:
34-6872214
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING/TAXES PAID 200 0   200


TY 2024 OtherIncomeSchedule2
Name:
JOBST FOUNDATION PFDN
EIN:
34-6872214
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
TAX REFUND 539 0  


TY 2024 OtherIncreasesSchedule
Name:
JOBST FOUNDATION PFDN
EIN:
34-6872214
Description Amount
ROUNDING 5


TY 2024 TaxesSchedule
Name:
JOBST FOUNDATION PFDN
EIN:
34-6872214
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 2,057 2,057   0
FEDERAL TAX PAYMENT - PRIOR YE 7,348 0   0
FEDERAL ESTIMATES - PRINCIPAL 10,927 0   0
FOREIGN TAXES ON NONQUALIFIED 412 412   0