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
INGREDION EDUCATIONAL FOUNDATION
 
% C Kevin Wilson
Number and street (or P.O. box number if mail is not delivered to street address)5 WESTBROOK CORPORATE CTR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WESTCHESTER, IL60154
A Employer identification number

36-4477522
B Telephone number (see instructions)

(708) 551-2600
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$5,084,977J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 422,935 422,935 0
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 0
b Gross sales price for all assets on line 6a 0
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications........... 5,000
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 422,935 422,935 5,000
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
19,050 0 0 19,050
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,000 8,000 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
2,815 2,800 0 15
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 29,865 10,800 0 19,065
25 Contributions, gifts, grants paid....... 275,450 275,450
26 Total expenses and disbursements. Add lines 24 and 25 305,315 10,800 0 294,515
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 117,620
b Net investment income (if negative, enter -0-) 412,135
c Adjusted net income (if negative, enter -0-)... 5,000
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............. 758,555 876,125 876,125
2 Savings and temporary cash investments.........      
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)..... 0 0  
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow   0 0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 0 5,050 5,050
10a Investments—U.S. and state government obligations (attach schedule)   0  
b Investments—corporate stock (attach schedule)....... 3,272,294 Click to see attachment
List of Attached Documents:
// Content
3,555,489 		3,555,489
c Investments—corporate bonds (attach schedule)....... 363,541 Click to see attachment
List of Attached Documents:
// Content
354,099 		354,099
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 297,301 Click to see attachment
List of Attached Documents:
// Content
294,214 		294,214
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,691,691 5,084,977 5,084,977
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 4,691,691 5,084,977
25 Net assets with donor restrictions............ 0  
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)..... 4,691,691 5,084,977
30 Total liabilities and net assets/fund balances (see instructions). 4,691,691 5,084,977
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
4,691,691
2
Enter amount from Part I, line 27a .....................
2
117,620
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
275,666
4
Add lines 1, 2, and 3 ..........................
4
5,084,977
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,084,977
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 5,729
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 5,729
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 5,729
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 5,864
b Exempt foreign organizations—tax withheld at source...... 6b  
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 5,864
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 10 135
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow135 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE, IL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowNONE
14
The books are in care ofright arrowIngredion Incorporated Telephone no.right arrow (708) 551-2600

Located atright arrow5 WESTBROOK CORPORATE CTRWESTCHESTERIL ZIP+4right arrow60154
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(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
 
No
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
JAMES D GRAYClick to see attachment
List of Attached Documents:
// Content
PRESIDENT
0.10 		0 0 0
5 Westbrook Corporate Center
c/o Ingredion Incorporated
Westchester,IL60154
JAMES P ZALLIEClick to see attachment
List of Attached Documents:
// Content
VICE PRESIDENT and DIRECTOR
0.10 		0 0 0
5 Westbrook Corporate Center
c/o Ingredion Incorporated
Westchester,IL60154
C KEVIN WILSONClick to see attachment
List of Attached Documents:
// Content
TREASURER
0.10 		0 0 0
5 Westbrook Corporate Center
c/o Ingredion Incorporated
Westchester,IL60154
TANYA JAEGER DE FORASClick to see attachment
List of Attached Documents:
// Content
SECRETARY
0.10 		0 0 0
5 Westbrook Corporate Center
c/o Ingredion Incorporated
Westchester,IL60154
NANCY WOLFEClick to see attachment
List of Attached Documents:
// Content
VICE PRESIDENT
0.10 		0 0 0
5 Westbrook Corporate Center
c/o Ingredion Incorporated
Westchester,IL60154
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
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 GRANTS AND SCHOLARSHIPS TO UNDERGRADUATE STUDENTS 275,450
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
4,326,085
b
Average of monthly cash balances.......................
1b
679,936
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,006,021
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
5,006,021
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
75,090
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,930,931
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
246,547
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
246,547
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
5,729
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
5,729
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
240,818
4
Recoveries of amounts treated as qualifying distributions................
4
5,000
5
Add lines 3 and 4............................
5
245,818
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
245,818
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
294,515
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) Click to see attachment
List of Attached Documents:
// Content
.................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
294,515
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 7 245,818
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  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 46,484
b From 2020...... 2,715
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 49,199
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 294,515
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 245,818
e Remaining amount distributed out of corpus 48,697
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 97,896
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...... 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		46,484
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		51,412
10 Analysis of line 9:
a Excess from 2020.... 2,715
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 48,697
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).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
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:
SCHOLARSHIP AMERICA INC
One Scholarship Way
Saint Peter,MN56082
(507) 931-0798
ingredion@scholarshipamerica.org
bThe form in which applications should be submitted and information and materials they should include:
Ingredion Education Foundation Scholarship Application Form; a current complete transcript of grades; SAT or ACT test scores; Academic record for all higher education course work completed; foreign students must additionally provide upper secondary school credential diploma certificate.
cAny submission deadlines:
6 26 2024
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Applicants to the Ingredion Educational Foundation Scholarship Program must be dependent children age 23 and under of active and full-time Ingredion Incorporated employees who have a minimum of one year employment with Ingredion and its Subsidiaries as of the application deadline date. In addition students must be high school seniors or graduates final year of secondary school or secondary school graduates who plan to enroll or students who are already enrolled in a full-time undergraduate course and or university level of study at an accredited two-year or four-year college university or vocational-technical school for the entire upcoming academic year. Children of members of the Board of Directors or elected officers of either the Ingredion Educational Foundation or Ingredion Incorporated are ineligible to apply.
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
Savera Akram


F 243 Eden Garden
Executive Block
Faisalabad,Punjab38860
PK 		NONE I College Tuition 4,000
Aiza Amir


House No 79 Amin Park
Street 8 Peoples Colony No 2
Faisalabad,Punjab38000
PK 		NONE I College Tuition 5,000
Breanna M Byrnes


5719 Skakum Road
Prescott,OntarioK0E 1T0
CA 		NONE I College Tuition 8,275
Aidan M Cluskey


9286 Sparrow Hawk Court
Lewisville,NC27023 		NONE I College Tuition 5,000
Sanne H Elling


37141 Lord Baltimore Lane
Ocean View,DE19970 		NONE I College Tuition 5,000
Alexa M Fitzgerald


26320 W Winding Oak Trail
Channahon,IL60410 		NONE I College Tuition 5,000
Miriam Alejandra A Flores Lopez


Puerto Ensenada 228 Col Monumental
Guadalajara,Jalisco44320
MX 		NONE I College Tuition 5,000
Chloe E Foster


600 NW 65th Terr
Kansas City,MO64118 		NONE I College Tuition 8,275
Citlalli Fernanda F Garcia Gonzalez


1priv Tlaltenango 36
1 Priv Tlaltenango 34
Guadalajara,Jalisco45654
MX 		NONE I College Tuition 5,000
Abdul Hannan


Rafhan Maize Products Co Ltd
Rakh Canal East Road
Faisalabad,Punjab38060
PK 		NONE I College Tuition 4,000
Sabrina S Hazuka


4605 Derocher Path
Sioux City,IA51106 		NONE I College Tuition 5,000
Wanwarot Janphoonok


77/2 Village No 4
Ladbuakhao Sub district
Sikhiu,Nakhon Ratchasima30340
TH 		NONE I College Tuition 4,000
Vanessa L Latulippe


28 Church Ave
P O Box 177
Iroquois,OntarioK0E 1K0
CA 		NONE I College Tuition 5,000
Mallika Malhotra


91 Fulbright Lane
Schaumburg,IL60194 		NONE I College Tuition 5,000
Luana Sakovicz


Avenida Dos Expedicionarios
3554
Campo Largo,Parana83604360
BR 		NONE I College Tuition 5,500
Antonio Sanchez Hernandez


Col Loma Verde And Tabachines 57
San Pedro Tlaquepaque,Nuevo Leon45601
MX 		NONE I College Tuition 5,000
Muhammad Shoaib


P 415 Sarfraz Colony Faisalabad
Street No 5
Faisalabad,Punjab38000
PK 		NONE I College Tuition 2,500
Sze Yin Yeo


38 Mayflower Terrace
Singapore,Singapore568581
SN 		NONE I College Tuition 5,000
Lee Young Jun


32 1 Gyeongchung daero 2652beon gil
Icheon si
Gyeonggi,Seoul17376
KS 		NONE I College Tuition 5,500
Alishbah Tanveer


Chak 223 RB Mohammad Nagar
Samundri Road
Faisalabad,Punjab38000
PK 		NONE I College Tuition 4,000
Muhammed Ali


Farid town M block House 668
Sahiwal,Punjab57000
PK 		NONE I College Tuition 5,000
Duilio Y Zarate


Ave Tierra Encantada 3040 Apt 411
Tlaquepaque,Nuevo Leon45594
MX 		NONE I College Tuition 4,000
Laiba Aslam


House P26 Street 2
Akabarabad Jailroad
Faisalabad,Punjab38000
PK 		NONE I College Tuition 2,500
Vania Butt


House No 342 Street No 8
Mehmoodabad
Faisalabad,Punjab38860
PK 		NONE I College Tuition 3,000
Ahn Byeonghyeon


602 1204 12 Bugae ro
Bupyeong gu
Incheon,Gyeonggi ProvinceKS006
KS 		NONE I College Tuition 2,000
Jennifer A A Hernandez Martinez


Valle del Tamesis 1819A
Jardines del Valle
Zapopan,Jalisco45138
MX 		NONE I College Tuition 2,000
Ryan M Johnson


151 S Ellyn Avenue
GLEN ELLYN,IL60137 		NONE I College Tuition 2,000
Noah R Klinger


7021 E US HWY 52
P O BOX 28
GWYNVILLE,IN46144 		NONE I College Tuition 2,000
Konleigh R Milller


514 NE Golf View Dr
BLUE SPRINGS,MO64014 		NONE I College Tuition 4,500
Sophita Prasomsup


12/2 village No 6
Kong Din Sub district
Klaeng,Rayong Province22160
TH 		NONE I College Tuition 5,000
Juan Pablo Rico Romo


Rosario 7 Colonia Alta Vista
Monterrey,Nuevo Leon64840
MX 		NONE I College Tuition 3,000
FAIZA TARIQ


HOUSE 593/A PEOPLE COLONY 1
Rafhan Maize Products
Faisalabad,Punjab38060
PK 		NONE I College Tuition 2,500
Katrina Workman


205 Kain Rd
Cardinal,OntarioK0E 1E0
CA 		NONE I College Tuition 2,500
Carolina Zuniga


Nelson Mandela 40
La Floresta
San Juan Del Rio,Queretaro76804
MX 		NONE I College Tuition 5,000
Yeonbin Kim


SK Apartment 105 Dong 1901
Jongam dong
Seongbuk Gu,Seoul02798
KS 		No Relationship I College Tuition 3,000
Mishal Ali


Chak no 14 j b District Chiniot
Wapda City 519 B
Faisalabad,Punjab38000
PK 		NONE I College Tuition 5,500
Elikem Amegah J


2550 Waterview Dr
Unit 261
Northbrook,IL60062 		NONE I College Tuition 3,000
Siri Anderson


P O Box 94
Nelsonville,WI54458 		NONE I College Tuition 7,500
Jonathan Angel A


ALAMO A 9
TLAQUEPAQE,Jalisco45615
MX 		NONE I College Tuition 3,000
Ayle Delgado Chavez


Eucalipto 35
San Juan del Rio,Queretaro76806
MX 		NONE I College Tuition 5,500
Wania Ghaffar Qureshi N


House no 83 A The Model
Cooperative Housing Society
Okara,Punjab56300
PK 		NONE I College Tuition 3,000
Muhammad Hamza


625/C Haji Chowk Peoples Colony 2
Faisalabad,Punjab38000
PK 		NONE I College Tuition 5,500
Isabely Kichilevcz Y


Emilio Klentz 50
Campo Largo,Parana83604430
BR 		NONE I College Tuition 7,500
Zachary Landon M


4210 W 22nd Ave
Kennewick,WA99338 		NONE I College Tuition 3,000
Hannah Manning E


203 Bunker Hill Dr
Bolingbrook,IL604402703 		NONE I College Tuition 7,500
Aaliya Mansuri


7 Crestmont Court
Flemington,NJ08822 		NONE I College Tuition 3,000
Kadynn Morrison A


1902 Crowder Rd
Spencerville,OntarioK0E1X0
CA 		NONE I College Tuition 7,500
Audrey Norquest L


5767 W 650 N
Thorntown,IN46071 		NONE I College Tuition 3,000
Roberto Pazarin C


Costa brava 42
Col Miramar
Zapopan,Jalisco45060
MX 		NONE I College Tuition 3,000
Bantita Phanpakdee


8/6 Sukumwit road
Nayai am
Chantaburi,Chantaburi22160
TH 		NONE I College Tuition 5,500
Thanita Phuangjinda


9/212 Soi 3/6 Manthana Village
Kanchanapisek
Khannayao Bangkok,Bangkok10230
TH 		NONE I College Tuition 3,000
Juan Rodriguez Rizo M


Calle 14 2b21
Apt 604D
Cali,Valle Del Cauca760045
CO 		NONE I College Tuition 4,450
Diego Romero


Paseo del Bosque 1398 118
Zapopan,Jalisco45066
MX 		NONE I College Tuition 5,500
Samuel Shinsato R


7201 S Octavia Avenue
Bridgeview,IL60455 		NONE I College Tuition 5,500
Joshua Sullivan D


76 Agress Road
Millstone,NJ08535 		NONE I College Tuition 3,000
Mariana Villegas


Carrera 138 4 133
Cali,Valle Del Cauca760008
CO 		NONE I College Tuition 4,450

Argo Higher Education Foundation

7326 W 63rd Street
Chicago,IL60501 		No Relationship PC Scholarships grants and other resources to graduating High School students 20,000

Friends of Argo High School for Agricultural Sciences

3857 West 111th Street
Chicago,IL60655 		No Relationship PC Scholarships grants and other resources to graduating High School students 5,000
Sarah Shinsato


7201 S Octavia Avenue
BRIDGEVIEW,IL60455 		NONE I College Tuition 2,500
Total .................................right arrow 3a 275,450
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     0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
f     0   0 0
    0   0 0
gFees and contracts from government agencies          
2 Membership dues and assessments ....   0   0 0
3 Interest on savings and temporary cash
investments ........... 		  0   0 0
4 Dividends and interest from securities ....   0 14 422,935 0
5 Net rental income or (loss) from real estate:
aDebt-financed property......   0   0 0
bNot debt-financed property.....   0   0 0
6 Net rental income or (loss) from personal property   0   0 0
7 Other investment income .....   0   0 0
8 Gain or (loss) from sales of assets other than
inventory ............ 		  0   0 0
9 Net income or (loss) from special events:   0   0 0
10 Gross profit or (loss) from sales of inventory   0   0 0
11 Other revenue:
a   		  0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
12 Subtotal. Add columns (b), (d), and (e) .. 0 422,935 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
422,935
(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: 24020569
Software Version: V2.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 InvestmentsCorpBondsSchedule
Name:
INGREDION EDUCATIONAL FOUNDATION
EIN:
36-4477522
Software ID:
24020569
Software Version:
V2.0
Name of Bond End of Year Book Value End of Year Fair Market Value
MFB Northern Funds Bond Index Fund 354,099 354,099

TY 2024 InvestmentsCorpStockSchedule
Name:
INGREDION EDUCATIONAL FOUNDATION
EIN:
36-4477522
Software ID:
24020569
Software Version:
V2.0
Name of Stock End of Year Book Value End of Year Fair Market Value
MFB Northern Large Cap Core Fund 2,437,347 2,437,347
MFB Northern Mid Cap Index Fund 451,399 451,399
MFB Northern Active M Intl Equity Fund 666,743 666,743

TY 2024 InvestmentsOtherSchedule2
Name:
INGREDION EDUCATIONAL FOUNDATION
EIN:
36-4477522
Software ID:
24020569
Software Version:
V2.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MFB Northern Funds Global Real Estate Index Fund FMV 294,214 294,214

TY 2024 OtherExpensesSchedule
Name:
INGREDION EDUCATIONAL FOUNDATION
EIN:
36-4477522
Software ID:
24020569
Software Version:
V2.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
IL State Filing Fee 15 0 0 15
Bank Charges 2,800 2,800 0 0


TY 2024 OtherIncreasesSchedule
Name:
INGREDION EDUCATIONAL FOUNDATION
EIN:
36-4477522
Software ID:
24020569
Software Version:
V2.0
Description Amount
Unrealized Capital Gains 270,666
Grant Recoveries 5,000


TY 2024 OtherProfessionalFeesSchedule
Name:
INGREDION EDUCATIONAL FOUNDATION
EIN:
36-4477522
Software ID:
24020569
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Scholarship Management Fees 19,050 0 0 19,050


TY 2024 TaxesSchedule
Name:
INGREDION EDUCATIONAL FOUNDATION
EIN:
36-4477522
Software ID:
24020569
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Taxes paid 8,000 8,000 0 0