TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
Rydell Family Foundation

Number and street (or P.O. box number if mail is not delivered to street address)1540 N Mulford Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Rockford, IL611072534

A Employer identification number

36-4319979

B Telephone number (see instructions)

(815) 398-8116

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$1,106,453J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	25		25
4	Dividends and interest from securities...	33,838		33,838
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		27,643
b	Gross sales price for all assets on line 6a 331,355
7	Capital gain net income (from Part IV, line 2)...			27,643
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).......
12	Total. Add lines 1 through 11........	61,506		61,506
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	10,231	10,231	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	160	145	15
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	1,830	1,830	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	12,221		12,206	15
25	Contributions, gifts, grants paid.......	88,100			88,100
26	Total expenses and disbursements. Add lines 24 and 25	100,321		12,206	88,115
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-38,815
b	Net investment income (if negative, enter -0-)			49,300
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	17,242	4,768	4,768
	2	Savings and temporary cash investments.........	54,237	44,722	44,722
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	109,330	List of Attached Documents: // Content 117,567	112,589
	b	Investments—corporate stock (attach schedule).......	254,220	List of Attached Documents: // Content 265,740	385,363
	c	Investments—corporate bonds (attach schedule).......	555,556	List of Attached Documents: // Content 516,010	559,011
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	990,585	948,807	1,106,453
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	990,585	948,807
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	990,585	948,807
	30	Total liabilities and net assets/fund balances (see instructions).	990,585	948,807

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

990,585

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

-38,815

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

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

951,770

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

2,963

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

948,807

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
1 a	Publicly Traded Securities
b	Capital Gains Dividends	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	330,874	303,712	27,162
b	481		481
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			27,162
b			481
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	27,643
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	685
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	685
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	685
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	509
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	509
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	176
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

it participate or intervene in any political campaign? ....................

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

If "Yes," attach the statement required by General Instruction T.

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

n/a

The books are in care of right arrow

David R Rydell Telephone no. right arrow

(815) 398-8116

Located at right arrow

1540 N Mulford RdRockfordIL ZIP+4 right arrow

611072534

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

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

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

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
David R Rydell	President 1.00	0	0	0
1540 N Mulford Rd Rockford,IL611072534	President 1.00	0	0	0
Jeanne Rydell	Treasurer 1.00	0	0	0
1540 N Mulford Rd Rockford,IL611072534	Treasurer 1.00	0	0	0

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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 arrow

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

1,077,490

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

52,790

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

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

1,130,280

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

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

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

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

1,130,280

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

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

16,954

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

1,113,326

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

55,666

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

55,666

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

685

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

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

685

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

54,981

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

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

54,981

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

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

54,981

Part XI

Qualifying Distributions (see instructions)

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

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

88,115

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

88,115

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					54,981
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......	34,542
b From 2020......	22,486
c From 2021......
d From 2022......	293
e From 2023......	6,779
f Total of lines 3a through e ........		64,100
4Qualifying distributions for 2024 from Part
XI, line 4: $ 88,115
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.....					54,981
e Remaining amount distributed out of corpus		33,134
5 Excess distributions carryover applied to 2024.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		97,234
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		34,542
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		62,692
10 Analysis of line 9:
a Excess from 2020....	22,486
b Excess from 2021....
c Excess from 2022....	293
d Excess from 2023....	6,779
e Excess from 2024....	33,134

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

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

Part XIV

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

1Information Regarding Foundation Managers:

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

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

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

Check here right arrow

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Alpine Rescue Team 28802 Rainbow Hill Road Evergreen,CO80439		PC	General Operating Support	250
Bravehearts Theapeutic Riding and Educational Center 7319 Maxon Road Harvard,IL60033		PC	General Operating Support	5,000
Bridge Ministries of Rockford 407 S Highland Avenue Rockford,IL61104		PC	General Operating Support	1,000
Brooke Road Untied Methodist Church 1404 Brooke Road Rockford,IL61109		PC	General Operating Support	1,000
Carpenter's Place 1149 Railroad Avenue Rockford,IL61104		PC	General Operating Support	500
Christian Life Schools 5950 Spring Creek Road Rockford,IL61114		GOV	General Operating Support	10,000
Forest City Church 1280 S Alpine Road Rockford,IL61108		PC	General Operating Support	7,500
Geneva Lake Water Safety Committee Inc 451 Outing Street Williams Bay,WI53191		PC	General Operating Support	5,000
Knock Out Parkinsons Inc 7135 Clinton Road Loves Park,IL61111		PC	General Operating Support	5,000
Laurent House Foundation 4646 Spring Brook Road Rockford,IL61114		PC	General Operating Support	1,000
Life Decisions Inc 3107 E State Street Rockford,IL61108		PC	General Operating Support	10,000
Living Hope Community Church 3414 Woodhall Drive Janesville,WI53546		PC	General Operating Support	1,500
Rockford Public Library Foundation 214 N Church Street Rockford,IL61101		SO III FI	General Operating Support	3,500
Rockford Rescue Mission 715 W State Street Rockford,IL61102		PC	General Operating Support	10,000
Rockford University 5050 East State Street Rockford,IL61108		PC	General Operating Support	2,500
Spencer Lake Chrisitian Center N1385 Cty Hwy E Waupaca,WI54981		PC	General Operating Support	250
St Mark Lutheran Church 675 North Mulford Road Rockford,IL61107		PC	General Operating Support	20,600
The Salvation Army Services Inc 5550 Prairie Stone Parkway Hoffman Estates,IL60192		PC	General Operating Support	500
United Way of Rock River Valley 612 N Main Street Ste 300 Rockford,IL61103		PC	General Operating Support	3,000
Total ................................. 3a				88,100

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	25
4 Dividends and interest from securities ....			14	33,838
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	27,643
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		61,506	0

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

61,506

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

Rydell Family Foundation

EIN:

36-4319979

Name of Bond	End of Year Book Value	End of Year Fair Market Value
IShares TR Expanded Tech (IGV)	2,918	2,903
IShares TR US BR DEL SE IAI)	4,718	5,908
IShares TR Core MSCI Euro (IEUR)	3,829	3,887
SPDR Health Care Select (XLV)	20,883	21,461
SPDR Consumer Staples Select Sector Fund (SLP)	10,952	11,477
SPDR Consumer Discretionary Select Sector Fund (XLY)	8,420	12,339
SPDR Financial Select (XLF)	20,923	23,102
SPDR Technology Select Sector Fund (XLK)	16,172	25,577
SPDR Communication Services Select Sector Fund (XLC)	7,382	11,811
Vanguard FTSE All-World Ex-US ETF (VEU)	19,112	19,462
Vanguard FTSE Pacific ETF (VPL)	21,482	23,372
Accenture Capital Inc	3,993	3,844
American Express Company	3,780	3,988
Amphenol Corporation	4,155	4,012
AON Corporation	3,781	3,824
Ares Management Corporation	2,994	3,140
Gallagher AJ & CO NTS ISIN	4,111	4,030
B.A.T. Capital Corporation MTN	4,053	4,206
B.A.T. Capital Corporation MTN 6.4210%	3,974	4,228
The Bank of New York	4,108	3,920
Becton, Dickinson and Company	4,423	3,905
Broadcom Inc	3,647	3,772
Cencora Inc	3,000	2,980
CME Group Inc - 3%	2,910	2,989
CitiGroup Inc	4,069	4,194
Constellation Energy	4,263	4,187
Dominion Resources Inc	2,928	2,912
Elevance Health Incorporated	2,989	2,964
Fiserv Inc	3,999	4,055
Goldman Sachs Group	3,705	3,892
Hewlett Packard Enterprise Company	3,996	3,901
Honeywell	3,997	3,979
JPMorgan Chase & Co	4,008	3,997
Lockheed Martin Corporation	1,980	1,981
Microchip Tech	3,995	3,992
Meta Platforms Inc	3,980	4,006
Morgan Stanley MTN	3,830	3,988
Nextera Energy Capital Holdings Inc Debenture	3,748	3,898
Northwest Pipeline Group	4,427	3,925
OneOk Inc	3,993	4,081
Oracle Corporation	3,636	3,841
Quanta Services, Inc.	3,989	3,994
Quest Diagnostics	3,118	3,212
Regeneron Pharmaceuticals Inc	3,183	3,329
Roper Technologies INC	3,982	3,928
State Street Corporation	4,003	4,111
T-Mobile USA, Inc.	3,994	3,977
Trinity Acquisition PLC - 4.4%	3,037	2,979
CNH Equip TR 2021-B A-3	931	947
CNH Equip TR 2022-A A-3	2,506	2,567
Freddie Mac Group #G18572 - 3%	3,131	3,174
Freddie Mac Group G18577- 2.5%	1,131	1,043
Freddie Mac Group G18582 - 3%	1,549	1,422
Freddie Mac Group SB8189 - 4%	6,925	6,880
Freddie Mac Group SB8173 - 4%	2,104	2,002
Freddie Mac Group SB0862 - 5%	5,154	5,219
Freddie Mac Group SB8273 - 5.5%	2,758	2,767
Freddie Mac Group SB8260 - 5%	5,340	5,311
Freddie Mac Group SB8283 6.0000%	2,274	2,270
Freddie Mac Group SB8304 5.5000%	4,146	4,109
FHLMC Remic Series K-057	259	260
FHLMC Remic Series K-066	1,151	1,111
FHLMC Remic Series K-531	4,018	3,974
Fannie Mae Pool #AL6777	666	595
Fannie Mae Pool #AL9554	4,541	4,490
Fannie Mae Pool #AS0508	2,569	2,453
Fannie Mae Pool #AS8438	2,944	2,795
Fannie Mae Pool #AY5652	2,027	1,956
Fannie Mae Pool #CA3163	653	583
Fannie Mae Pool #MA0908	2,491	2,359
Fannie Mae Pool #MA1584	1,469	1,318
Fannie Mae Pool #MA2914	2,018	1,808
Fannie Mae Pool #MA3221	1,136	1,085
Fannie Mae Pool #MA3279	712	663
Fannie Mae Pool #FS2996	3,136	3,022
Fannie Mae Pool #MA5268	2,864	2,849
Fannie Mae Pool #MA5300	3,054	3,048
Fannie Mae Pool #MA5330	3,321	3,308
Fannie Mae Pool #MA5392	2,574	2,584
Fannie Mae Pool #MA4992	2,703	2,731
Fannie Mae Pool #MA5042	3,086	3,030
Fannie Mae Pool #MA5092	3,027	3,016
Fannie Mae Pool #MA5110	5,996	6,160
Fannie Mae Pool #MA5111	2,686	2,718
Fannie Mae Pool #MA5168	3,075	3,138
Fannie Mae Pool #MA5169	3,679	3,767
Fannie Mae Pool #MA5201	4,462	4,572
Fannie Mae Pool #MA5507	3,758	3,688
Ford Credit Auto 2023-C A-3	2,999	3,040
Ford Credit MSTR TR A 2020-2-A	4,618	4,878
GM Financial Consumer 2023-4-A-3	7,032	7,119
Hyundai Auto Rec TR 2023-C-A-3	3,000	3,044
Verizon Master TR	3,876	3,982
Verizon Master Trust	4,000	4,037
Mercedes Benz Auto Rece 2023-2-A-3	4,000	4,074
World Omni Auto Recv TR	165	164
World Omni Auto 2023-D-A-3	3,000	3,053
Amplify CWP Enhanced Dividend	96,727	115,368

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

Rydell Family Foundation

EIN:

36-4319979

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Abbott Labs (ABT)	5,663	5,769
Abbvie Incorporated (ABBV)	6,292	7,641
Apple Incorporated (AAPL)	8,688	25,042
American WTR WKS Company	6,650	5,851
Amphenol Corporation	8,226	7,848
Atmos Energy Corporation (ATO)	6,374	9,470
Automatic Data Processing Incorporated (ADP)	4,515	8,489
Becton Dickinson & Company (BDX)	4,411	4,538
Blackrock Incorporated (BLK)	5,848	9,226
Broadridge Finl Solutions Incorporated (BR)	3,887	7,687
Caseys General STores Incorporated (CASY)	3,557	8,717
Cintas Corporation (CTAS)	5,100	6,760
Corteva Incorporated (CTVA)	8,356	7,519
Costco Wholesale Corporation New (COST)	3,172	8,246
EOG RES Incorporated (EOG)	5,020	5,761
Exxon Mobil Corporation (XOM)	4,137	8,821
Fastenal Company (FAST)	5,432	8,270
Gallagher Arthur J & Company (AJG)	3,796	7,380
Henry Jack & Assoc Incorporated (JKHY)	4,956	5,610
Home Depot Incorporated (HD)	4,908	8,558
Illinois Tool Wks Incorporated (ITW)	4,758	7,100
Intuit (INTU)	4,068	7,542
Mastercard Incorporated Class A (MA)	4,391	7,899
McCormick & Company Incorporated Com Non VTG (MKC)	6,965	6,938
McDonalds Corporation (MCD)	4,336	6,957
Merck & Company Incorporated (MRK)	4,449	5,770
Microsoft Corporation (MFST)	6,229	9,695
Mondelez International Incorporated Class A (MDLZ)	6,355	5,555
Motorola Solutions Inc (MDLZ)	6,923	9,245
Nasdaq Incorporated (NDAQ)	3,501	7,267
Pool Corporation (POOL)	6,027	5,114
Qualcomm Incorporated (QCOME)	4,171	6,606
Republic SVCS Incorporated (RSG)	3,688	8,248
S&P Global Incorporated (SPGI)	5,778	8,965
Sherwin Williams Company (SHW)	4,398	7,818
Snap On Incorporated (SNA)	3,301	8,487
Stryker Corporation (SYK)	4,806	9,361
T-Mobile US Incorporated (TMUS)	6,582	8,829
Texas Instrs Incorporated (TXN)	6,561	6,750
Tractor Supply Company (TSCO)	3,722	9,816
United Parcel Service (UPS)	6,454	4,035
Verizon Communication Incorporated (VZ)	8,396	6,958
WEC Energy Group Incorporated (WEC)	7,148	7,523
Walmart Incorporated (WMT)	7,297	9,667
Watsco Incorporated (WSO)	3,326	8,056
Zoetis Incorporated (ZTS)	7,010	5,865
Accenture PLC Ireland SHS Class A (Ireland) (ACN)	4,953	8,795
Steris PLC SHS USD (Ireland) (STE)	4,583	5,756
Equinix Incorpation REIT (EQIX)	6,576	7,543

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

Rydell Family Foundation

EIN:

36-4319979

US Government Securities - End of Year Book Value:

117,567

US Government Securities - End of Year Fair Market Value:

112,589

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

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

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

Rydell Family Foundation

EIN:

36-4319979

Description	Amount
Timing Difference Adjustment	2,963

- TIN:

TY 2024 OtherExpensesSchedule

Name:

Rydell Family Foundation

EIN:

36-4319979

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accrued Interest Expense	1,830	1,830		0

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

Rydell Family Foundation

EIN:

36-4319979

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	10,231	10,231		0

- TIN:

TY 2024 TaxesSchedule

Name:

Rydell Family Foundation

EIN:

36-4319979

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Foreign Taxes Paid	145	145		0
IL Filling Fee	15	0		15