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
BEN AND CATHERINE IVY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6720 N SCOTTSDALE ROAD 110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SCOTTSDALE, AZ85253
A Employer identification number

27-3322123
B Telephone number (see instructions)

(480) 659-9621
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$359,814,131J 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) 10,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 304,801 302,301  
4 Dividends and interest from securities... 6,644,145 6,644,145 6,644,145
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 15,742,081
b Gross sales price for all assets on line 6a 31,555,486
7 Capital gain net income (from Part IV, line 2)... 15,742,081
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
307,105 307,105  
12 Total. Add lines 1 through 11........ 23,008,132 22,995,632 6,644,145
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 422,128     422,128
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 16,304     16,304
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
105,694 250   105,444
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,988     16,988
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
721,534 428,496   293,038
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
436,239 266,239    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,359    
20 Occupancy.............. 65,529     65,529
21 Travel, conferences, and meetings....... 15,393     15,393
22 Printing and publications.......... 3,403     3,403
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
167,877 6,551   161,326
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,973,448 701,536   1,099,553
25 Contributions, gifts, grants paid....... 14,356,768 14,356,768
26 Total expenses and disbursements. Add lines 24 and 25 16,330,216 701,536   15,456,321
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,677,916
b Net investment income (if negative, enter -0-) 22,294,096
c Adjusted net income (if negative, enter -0-)... 6,644,145
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......... 6,034,436 10,547,426 10,547,426
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 55,455 55,455 50,314
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow2,296,477
Less: accumulated depreciation (attach schedule) right arrow   2,296,477 Click to see attachment
List of Attached Documents:
// Content
2,296,477 		2,296,477
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 284,879,042 286,881,123 346,910,781
14 Land, buildings, and equipment: basis right arrow107,279
Less: accumulated depreciation (attach schedule) right arrow101,349 8,289 Click to see attachment
List of Attached Documents:
// Content
5,930 		5,930
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,203 		Click to see attachment
List of Attached Documents:
// Content
3,204 		Click to see attachment
List of Attached Documents:
// Content
3,203
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 293,276,902 299,789,615 359,814,131
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
11,652 		Click to see attachment
List of Attached Documents:
// Content
13,071
23 Total liabilities (add lines 17 through 22)......... 11,652 13,071
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........... 293,265,250 299,776,544
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........    
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)..... 293,265,250 299,776,544
30 Total liabilities and net assets/fund balances (see instructions). 293,276,902 299,789,615
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
293,265,250
2
Enter amount from Part I, line 27a .....................
2
6,677,916
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
299,943,166
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
166,622
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
299,776,544
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 22603.956 AMCAP FUND A P 2006-12-31 2024-09-19
b 27862.914 AMERICAN BALANCED FUND P 2006-12-31 2024-09-13
c 27693.132 AMERICAN BALANCED FUND P 2006-12-31 2024-09-19
d 44669.446 CAPITAL WORLD GROWTH & INCOME FUND A P 2006-12-31 2024-09-13
e 14699.383 CAPITAL WORLD GROWTH & INCOME FUND A P 2006-12-31 2024-09-19
13651.877 CAPITAL INCOME BUILDER A P 2006-12-31 2024-09-13
38895.371 INCOME FUND OF AMERICA P 2006-12-31 2024-09-13
384712.578 INTERMEDIATE BOND FUND P 2006-12-31 2024-01-31
13042.699 VNGRD SHORT TERM BD EFT P 2020-02-26 2024-06-13
9665 VNGRD SHORT TERM BD EFT P 2020-02-26 2024-11-27
12933.264 VNGRD SHRT TRM CORP ETF P 2020-02-26 2024-06-14
9564 VNGRD SHRT TRM CORP ETF P 2020-02-26 2024-11-27
Capital Gain Dividends      
(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 999,999   729,709 270,290
b 1,000,000   779,888 220,112
c 999,999   775,136 224,863
d 3,000,000   2,162,573 837,427
e 999,999   711,638 288,361
1,000,000   839,374 160,626
1,000,000   841,255 158,745
4,800,000   5,278,847 -478,847
999,972   1,064,011 -64,039
750,000   788,471 -38,471
999,972   1,059,221 -59,249
750,183   783,282 -33,099
      14,255,362
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       270,290
b       220,112
c       224,863
d       837,427
e       288,361
      160,626
      158,745
      -478,847
      -64,039
      -38,471
      -59,249
      -33,099
       
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 15,742,081
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) 1 309,888
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........................... 3 309,888
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- ..... 5 309,888
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 86,296
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 275,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 361,296
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  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 51,408
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow51,408 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (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 arrowAZ
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.IVYFOUNDATION.ORG
14
The books are in care ofright arrowCATHERINE E IVY Telephone no.right arrow (480) 659-9621

Located atright arrow6720 N SCOTTSDALE ROAD 110SCOTTSDALEAZ ZIP+4right arrow85253
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
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
CATHERINE E IVY President
60.00 		403,495 18,633  
6720 N SCOTTSDALE ROAD 110
SCOTTSDALE,AZ85253
MEGAN EDWARDS Treasurer
1.00 		0    
235 W MAIN ST
LOS GATOS,CA95030
STEPHANIE MCRAE ESQ Secretary
1.00 		0    
445 N 5TH ST STE 600
PHOENIX,AZ85004
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  
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
GREENWICH MANAGEMENT INVESTMENT CONSULTING 428,496
6720 N SCOTTSDALE RD 110
SCOTTSDALE,AZ85253
FENNEMORE CRAIG PC LEGAL ADVICE 105,444
2394 E CAMELBACK RD STE 600
PHOENIX,AZ85016
INNER SUNSET LLC SCIENTIFIC MED ADVICE 293,038
10645 N TATUM BLVD STE C200-501
PHOENIX,AZ85028
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)
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
344,555,099
b
Average of monthly cash balances.......................
1b
7,083,057
c
Fair market value of all other assets (see instructions)................
1c
2,396,477
d
Total (add lines 1a, b, and c).........................
1d
354,034,633
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
354,034,633
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,310,519
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
348,724,114
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
17,436,206
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
17,436,206
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
309,888
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
309,888
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
17,126,318
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
17,126,318
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
17,126,318
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
15,456,321
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
15,456,321
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 17,126,318
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 15,239,922
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: right arrow$ 15,456,321
a Applied to 2023, but not more than line 2a 15,239,922
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 216,399
e Remaining amount distributed out of corpus  
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  
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 .......... 		16,909,919
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 ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
httpwwwivyfoundationorg
6720 NORTH SCOTTSDALE ROAD 110
SCOTTSDALE,AZ85253
(480) 659-9621
bThe form in which applications should be submitted and information and materials they should include:
 
cAny submission deadlines:
 
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
 
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
SWEDISH MEDICAL CENTER


747 BROADWAY
SEATTLE,WA98122 		NONE   HIGH-THROUGHPUT SCREENING (HTS) CLINICAL TRIAL TREATING RECURRENT GBM PATIENTS. 150,000
SOCIETY OF ST VINCENT DE PAUL


420 W WATKINS RD
PHOENIX,AZ85003 		NONE   CENTER FOR PURPOSE, HOPE AND MISSION AS PART OF THE COMMON GROUND. 1,000,000
FRED HUTCHISON CANCER RESEARCH CENT


PO BOX 19024 MAIL STOP J6-330
SEATTLE,WA98109 		NONE   DR GUJRAL - EMERGING LEADER AWARD. (1ST PAYMENT) 250,000
ARCS FOUNDATION


PO BOX 240
ARTESIA,CA90720 		NONE   2024 - 2025 SCHOLAR AWARD. 8,500
REGENTS OF UNIVERSITY OF MICHIGAN


500 S STATE ST
ANN ARBOR,MI48109 		NONE   DR. WAHL - EMERGING LEADER AWARD. (2ND AND LAST PAYMENT) 250,000
CITY OF HOPE MEDICAL CENTER


1500 E DUARTE ROAD
DUARTE,CA91010 		NONE   DR. BROWN - TRANSLATIONAL ADULT GLIOMA AWARD. (1ST PAYMENT) 300,000
NOTMYKID


5230 E SHEA BLVD
SCOTTSDALE,AZ85254 		NONE   LIFESAVING PROGRAMS, SUPPORT, RESOURCES, AND EDUCATION TO EMPOWER AND EDUCATE YOUTH, FAMILES, AND COMMUNITIES WITH THE KNOWLEDGE AND COURAGE TO IDENTIFY AND PREVENT NEGATIVE YOUTH BEHAVIOR. 500
MARICOPA COMMUNITY COLLEGES FOUNDAT


2419 W 14TH STREET
TEMPE,AZ85281 		NONE   NURSING WORKFORCE DEVELOPMENT PROGRAM. 520,000
NEUROTRIALS LLC


2910 N 3RD AVE 450
PHOENIX,AZ85013 		NONE   IVY BRAIN TUMOR CENTER - PHOENIX SKY HARBOR ADVERTISING FOR CLINICAL TRIALS. 420,675
TRANSLATIONAL GENOMICS RESEARCH TGE


445 N FIFTH ST 600
PHOENIX,AZ85004 		NONE   MIKE BERENS - DIPG PEDIATRIC GLIOMA RESEARCH. 100,000
TRANSLATIONAL GENOMICS RESEARCH TGE


445 N FIFTH ST 600
PHOENIX,AZ85004 		NONE   2023 - 2024 INTERNSHIP PROGRAM AT TGEN DESIGNED TO GIVE STUDENTS INTENSIVE, HANDS-ON RESEARCH EXPERIENCE WORKING ALONGSIDE A MENTOR-SCIENTIST TO LEARN ABOUT TRANSLATIONAL RESEARCH WHILE INVESTIGATING QUESTIONS WITHIN THE NEUROLOGICAL SCIENCES. 101,314
CITY OF HOPE MEDICAL CENTER


1500 E DUARTE ROAD
DUARTE,CA91010 		NONE   DR. BROWN - TRANSLATIONAL ADULT GLIOMA AWARD. (2ND AND LAST PAYMENT) 300,000
ST JOSEPH'S FOUNDATION


350 W THOMAS RD
PHOENIX,AZ85013 		NONE   supports patient care, medical education, research and community outreach at St. Joseph Hospital. 10,000
ST JOSEPH'S FOUNDATION


350 W THOMAS RD
PHOENIX,AZ85013 		NONE   LAB CHEMISTRY ANALYZERS, PATHOLOGY LAB SLIDE STAINER, HEMATOLOGY ANALYZER. 525,000
NEURO TRIALS LLC


2910 NORTH THIRD AVENUE
PHOENIX,AZ85013 		NONE   7TH INSTALLMENT PAYMENT FOR THEIVY BRAIN TUMOR CENTER. 2,830,000
DAMON RUNYON CANCER RESEARCH FDN


55 BROADWAY STE 302
NEW YORK,NY10006 		NONE   DR. JOHN PRENSNER - CLINICAL INVESTIGATOR'S AWARD. 200,000
MAYO CLINIC COLLEGE OF MEDICINE


200 1ST ST SW
ROCHESTER,MN55905 		NONE   REFUND OF UNUSED FUNDS. -91,475
INDIANA UNIVERSITY FOUNDATION


1500 IN-46
BLOOMINGTON,IN47408 		NONE   DR. HAO - TRANSLATIONAL ADULT GLIOMA AWARD. (2ND AND LAST PAYMENT) 298,592
CHILDREN'S HOSPITAL OF PHILADELPHIA


3401 CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		NONE   DR. MA - TRANSLATIONAL ADULT GLIOMA AWARD. (2ND AND LAST PAYMENT) 300,000
RECTOR VISITORS OF UNIV OF VA


1300 JEFFERSON PARK AVE
CHARLOTTESVILLE,VA22903 		NONE   DR. SHEYBANI - TRANSLATIONAL ADULT GLIOMA AWARD. (2ND AND LAST PAYMENT) 300,000
RECTOR VISITORS OF UNIV OF VA


1300 JEFFERSON PARK AVE
CHARLOTTESVILLE,VA22903 		NONE   DR. LI - TRANSLATIONAL ADULT GLIOMA AWARD. (2ND AND LAST PAYMENT) 300,000
RECTOR VISITORS OF UNIV OF VA


1300 JEFFERSON PARK AVE
CHARLOTTESVILLE,VA22903 		NONE   DR. AMOUNADER - TRANSLATIONAL ADULT GLIOMA AWARD. (2ND AND LAST PAYMENT) 300,000
AZ BIO


2800 N CENTRAL AVE 1450
PHOENIX,AZ85004 		NONE   Provides ethics resources with particular attention to those affecting Arizonans. 2024 GRANT. 150
COMMON SPIRIT HEALTH FOUNDATION


185 BERRY ST STE 200
SAN FRANCISCO,CA94107 		NONE   focuses on making health equity a reality across the country. 10,000
LUCILE PACKARD FOUNDATION


400 HAMILTON AVE STE 340
PALO ALTO,CA94301 		NONE   MAKE HEALTH CARE MORE ACCESSIBLE FOR CHILDREN WITH COMPLEX MEDICAL NEEDS. 250
ALS NEW MEXICO


2309 RENARD PLACE SE STE 105
ALBUQUERQUE,NM87106 		NONE   ADVOCATING FOR A CURE AND ENHANCING THE LIVES OF INDIVIDUALS WITH ALS. 540
ARCS FOUNDATION


PO BOX 240
ARTESIA,CA90720 		NONE   PROVIDES AWARDS TO ACADEMICALLY OUTSTANDING US CITIZENS STUDYING TO COMPLETE DEGREES IN SCIENCE, ENGINEERING AND MEDICAL. 500
JOHNS HOPKINS HOSPITAL


1800 ORLEANS STREET
BALTIMORE,MD21287 		NONE   DR SCHRECK - EMERGING LEADER AWARD. (1ST PAYMENT) 250,000
MASSACHUSETTS GENERAL


55 FRUIT ST
BOSTON,MA02114 		NONE   DR. BADR - TRANSLATIONAL ADULT GLIOMA AWARD. (1ST PAYMENT) 300,000
MD ANDERSON CANCER CENTER


1515 HOLCOMBE BLVD
HOUSTON,TX77030 		NONE   DR. CALIN - TRANSLATIONAL ADULT GLIOMA AWARD. (1ST PAYMENT) 300,000
JOHNS HOPKINS HOSPITAL


1800 ORLEANS STREET
BALTIMORE,MD21287 		NONE   DR. RAMAN - TRANSLATIONAL ADULT GLIOMA AWARD. (1ST PAYMENT) 298,575
CLEVELAND CLINIC


9500 EUCLID AVE
CLEVELAND,OH44195 		NONE   DR. YU - TRANSLATIONAL ADULT GLIOMA AWARD. (1ST PAYMENT) 300,000
REGENTS OF THE UNIVERSITY OF CALIFO


1111 FRANKLIN STREET
OAKLAND,CA94607 		NONE   DR. BUTOWSKI - 2024 TRANSLATIONAL ADULT GLIOMA AWARD. 300,000
SAVE THE BAY FOUNDATION


560 14TH STREET 400
OAKLAND,CA94612 		NONE   ADVOCATE FOR THE BAY AREA BY CALLING FOR POLICIES AND FUNDING TO CREATE A RESILIENT, SUSTAINABLE AND EQUITABLE BAY AREA. 2,500
ARCHBISHOP MITTY HIGH SCHOOL


5000 MITTY WAY
SAN JOSE,CA95129 		NONE   J BENNETT - INTRO TO NEUROSCIENCE COURSE GRADE 12. 10,000
PHOENIX POLICE FOUNDATION


PO BOX 564
PHOENIX,AZ85001 		NONE   GREATEST NEED:FOUNDATION FUNDS ESSENTIONAL EQUIPMENT AND TECHNOLOGY, PROVIDES FINANCIAL ASSISTANCE TO EMPLOYEES AND THEIR FAMILIES, AND RECOGNIZES THOSE WHO DEMONSTRATE EXCEPTIONAL COURAGE. 5,000
TRANSLATIONAL GENOMICS RESEARCH TGE


445 N FIFTH ST 600
PHOENIX,AZ85004 		NONE   REFUND OF UNUSED FUNDS. -15,591
SWEDISH HEALTH SERVICES


1124 COLUMBIA ST STE 110
SEATTLE,WA98104 		NONE   DR. PUCHALSKI - TRANSLATIONAL ADULT GLIOMA AWARD. (1ST PAYMENT) 300,000
PHOENIX POLICE FOUNDATION


PO BOX 564
PHOENIX,AZ85001 		NONE   FOR SPECIFIC NEEDS. 714,675
ALSAC


501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE   ALSAC'S (AMERICAN LEBANESE SYRIAN ASSOCIATED CHARITIES) MISSION IS TO BE THE FUNDRAISING AND AWARENESS ORGANIZATION FOR ST. JUDE CHILDREN'S RESEARCH HOSPITAL. 2,500
YOUNG LIFE


PO BOX 520
COLORADO SPRINGS,CO80901 		NONE   A MISSION DEVOTED TO INTRODUCING ADOLESCENTS TO JESUS CHRIST AND HELPING THEM TO GROW IN THEIR FAITH. 518
GRAY MATTERS FOUNDATION


PO BOX 27106
SCOTTSDALE,AZ85255 		NONE   CURRENT NEEDS: FOUNDATION supportS and empowerS Patients and their loved ones through encouragement Outreach. 25,000
ARIZONA COLUMBINE GARDEN CLUB


3104 E CAMELBACK ROAD 1247
PHOENIX,AZ85016 		NONE   TO STIMULATE THE KNOWLEDGE AND LOVE OF GARDENING AND AID IN THE PROTECTION OF NATIVE TREES, PLANTS AND SHRUBS. 500
NEURO TRIALS LLC


2910 NORTH THIRD AVENUE
PHOENIX,AZ85013 		NONE   CEREBROSPINAL FLUID ANALYSIS. (3RD PAYMENT) 1,350,000
ST JOSEPH'S FOUNDATION


350 W THOMAS RD
PHOENIX,AZ85013 		NONE   ST. JOSEPH'S LOBBY REMODEL. 900,000
VANGUARD CHARITABLE


2670 WARWICK AVENUE
WARWICK,RI02889 		NONE   MAKING PHILANTHROPY AS EFFECTIVE AND EFFICIENT AS POSSIBLE, ENSURING THAT CHARITABLE DOLLARS ARE USED WISELY AND THAT THEIR IMPACT IS MAXIMIZED. 925,000
WOMEN'S BOARD OF BARROW NEUROLOGICA


2910 N THIRD AVE STE 450
PHOENIX,AZ85013 		NONE   SUPPORTS ADVANCEMENTS IN NEUROLOGICAL RESEARCH AND TREATMENT AT BARROW NEUROLOGICAL INSTITUTE. 2,000
SWEDISH MEDICAL FOUNDATION


1124 COLUMBIA ST STE 110
SEATTLE,WA98104 		NONE   SUPPORTS RESEARCH AND NONREIMBURSEABLE CLINICAL AND SUPPORTIVE CARE SERVICES. 1,545
Total .................................right arrow 3a 14,356,768
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 ........... 		    14 302,301 2,500
4 Dividends and interest from securities ....     14 6,644,145  
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 ............ 		      14,255,362 1,486,719
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME (LOSS) 		    14 307,105  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   21,508,913 1,489,219
13Total. Add line 12, columns (b), (d), and (e)..................
13
22,998,132
(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: 24020490
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

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

27-3322123
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
BEN AND CATHERINE IVY FOUNDATION
  		Employer identification number
27-3322123
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
KATHERINE A MORGAN
601 E PARADISE LN
 
PHOENIX, AZ85022

$ 10,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
BEN AND CATHERINE IVY FOUNDATION
  		Employer identification number

27-3322123
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
BEN AND CATHERINE IVY FOUNDATION
  		Employer identification number

27-3322123
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020490
Software Version: 2024v5.1

TY 2024 AccountingFeesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOOKKEEPING & ACCOUNTING SERVICES 16,988 0 0 16,988

TY 2024 ContractorCompensationExpln
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Contractor Explanation
GREENWICH MANAGEMENT INVESTMENT CONSULTING
INNER SUNSET LLC SCIENTIFIC MEDICAL ADVISOR FOR GRANTS

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

TY 2024 DepreciationSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LEASEHOLD IMPROVEMENTS 2011-10-01 26,625 22,109 150DB 5.90 % 1,571      
LEASEHOLD IMPROVEMENTS 2016-01-05 6,177 3,441 150DB 5.91 % 365      
FURNITURE & FIXTURES 2019-04-24 3,295 2,560 200DB 8.92 % 294      
COMPUTER 2019-10-08 1,050 990 200DB 5.76 % 60      
OFFICE FURNITURE 2020-02-18 777 534 200DB 8.93 % 69      

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Statement:
NOT REQUIRED

TY 2024 InvestmentsLandSchedule2
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land 2,296,477   2,296,477 2,296,477

TY 2024 LandEtcSchedule2
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 54,015 53,400 615 615
Machinery and Equipment 20,462 20,463 1  
Improvements 32,802 27,486 5,316 5,315


TY 2024 LegalFeesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL ADVICE & COUNSEL 105,694 250 0 105,444


TY 2024 OtherAssetsSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Rounding   1  
SECURITY DEPOSITS 3,203 3,203 3,203


TY 2024 OtherDecreasesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Description Amount
UNREALIZED LOSS 166,622


TY 2024 OtherExpensesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVERTISING 531     531
BUS. ENT, MEETINGS & CONV 5,788     5,788
BUSINESS PROMOTION 1,281     1,281
COMPUTER EXPENSE 3,422     3,422
DUES & SUBSCRIPTIONS 60,747     60,747
INSURANCE 7,141     7,141
LICENSE & FEES 7,019 6,551   468
OUTSIDE SERVICES 81,490     81,490
POSTAGE & DELIVERY 458     458


TY 2024 OtherIncomeSchedule2
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME (LOSS) 307,105    


TY 2024 OtherLiabilitiesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL TAXES PAYABLE 11,652 13,071


TY 2024 OtherProfessionalFeesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISCELLANEOUS PROFESSIONAL FEES 721,534 428,496 0 293,038


TY 2024 TaxesSchedule
Name:
BEN AND CATHERINE IVY FOUNDATION
EIN:
27-3322123
Software ID:
24020490
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 220,176 220,176    
PROPERTY TAX 46,063 46,063    
TAX ON INVESTMENT INCOME 170,000