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
The Ceres Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)328 East Bay St
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Charleston, SC29401
A Employer identification number

58-2479387
B Telephone number (see instructions)

(843) 377-0782
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$27,248,151J 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 405,640 405,640  
4 Dividends and interest from securities... 596,174 596,174  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,314,361
b Gross sales price for all assets on line 6a 10,523,383
7 Capital gain net income (from Part IV, line 2)... 1,314,361
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,561 0 0
12 Total. Add lines 1 through 11........ 2,326,736 2,316,175 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 170,841     170,841
14 Other employee salaries and wages...... 43,413     43,413
15 Pension plans, employee benefits....... 44,033     44,033
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
7,145 0 0 7,145
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
258,142 258,142 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
45,885 21,735 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
72,756 0 0
20 Occupancy.............. 83,543     83,543
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
157,878 25,624 0 132,254
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 883,636 305,501 0 481,229
25 Contributions, gifts, grants paid....... 961,000 961,000
26 Total expenses and disbursements. Add lines 24 and 25 1,844,636 305,501 0 1,442,229
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 482,100
b Net investment income (if negative, enter -0-) 2,010,674
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 51,379 33,348 33,348
2 Savings and temporary cash investments......... 746,641 2,169,621 2,169,621
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,166,077 Click to see attachment
List of Attached Documents:
// Content
1,932,438 		1,932,438
b Investments—corporate stock (attach schedule)....... 11,883,182 Click to see attachment
List of Attached Documents:
// Content
10,971,285 		10,971,285
c Investments—corporate bonds (attach schedule)....... 1,801,601 Click to see attachment
List of Attached Documents:
// Content
1,919,309 		1,919,309
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,668,789 Click to see attachment
List of Attached Documents:
// Content
7,829,992 		7,829,992
14 Land, buildings, and equipment: basis right arrow2,866,369
Less: accumulated depreciation (attach schedule) right arrow1,218,561 1,705,062 Click to see attachment
List of Attached Documents:
// Content
1,647,808 		1,647,808
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
740,688 		Click to see attachment
List of Attached Documents:
// Content
744,350 		Click to see attachment
List of Attached Documents:
// Content
744,350
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,763,419 27,248,151 27,248,151
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,665 		Click to see attachment
List of Attached Documents:
// Content
8,297
23 Total liabilities (add lines 17 through 22)......... 5,665 8,297
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........... 26,757,754 27,239,854
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 26,757,754 27,239,854
30 Total liabilities and net assets/fund balances (see instructions). 26,763,419 27,248,151
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
26,757,754
2
Enter amount from Part I, line 27a .....................
2
482,100
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
27,239,854
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
27,239,854
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Raymond James - Short Term P    
b Raymond James - Long Term P    
c CAPITAL GAINS DIVIDENDS      
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 1,774,432   1,698,144 76,288
b 8,748,041   7,510,878 1,237,163
c 910     910
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     0 76,288
b     0 1,237,163
c     0 910
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 1,314,361
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 27,948
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-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 27,948
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 27,948
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 40,157
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 40,157
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 12,209
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow12,209 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 arrowSC
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 arrowN/A
14
The books are in care ofright arrowSTEPHEN GAVEL Telephone no.right arrow (843) 377-0782

Located atright arrow328 East Bay StCharlestonSC ZIP+4right arrow29401
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
STEPHEN L GAVEL PRESIDENT/EXEC. DIRECTOR
30.000 		170,841 39,675 0
BREWTON PLANTATION
YEMASSEE,SC29945
FRANK GAVEL JR SECRETARY/VICE PRESIDENT
2.000 		0 0 0
14 WILLOW BROOK LANE
NEWTOWN,CT06470
LINDA GAVEL WEBB TREASURER/VICE PRESIDENT
1.000 		0 0 0
3861 COUNTRY CLUB ROAD
TROUTVILLE,VA24175
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
EAGLE ASSET MANAGEMENT INVESTMENT MANAGEMENT 244,690
880 CARILLON PARKWAY
ST PETERSBURG,FL33733
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
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
23,899,234
b
Average of monthly cash balances.......................
1b
1,326,713
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
25,225,947
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
25,225,947
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
378,389
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
24,847,558
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,242,378
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,242,378
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
27,948
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
27,948
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,214,430
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,214,430
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,214,430
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,442,229
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,442,229
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,214,430
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, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 193,662
b From 2020...... 45,129
c From 2021...... 76,225
d From 2022...... 127,043
e From 2023...... 298,156
f Total of lines 3a through e ........ 740,215
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,442,229
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,214,430
e Remaining amount distributed out of corpus 227,799
5 Excess distributions carryover applied to 2024.   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 5 968,014
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) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		193,662
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		774,352
10 Analysis of line 9:
a Excess from 2020.... 45,129
b Excess from 2021.... 76,225
c Excess from 2022.... 127,043
d Excess from 2023.... 298,156
e Excess from 2024.... 227,799
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or 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)
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

Ability Beyond Disability

4 Berkshire Boulevard
Bethel,CT06801 		None PC general fund 5,000

Adult Care Center of Roanoke Valley

2321 Roanoke Boulevard
Salem,VA24153 		None PC symphonic music 7,500

American Cancer Society

PO Box 4110
Glen Allen,VA23058 		None PC challenge match 35,000

AMIkids Beaufort

60 Honeybee Island Road
Seabrook,SC29940 		None PC croquet picnic 2,000

Ann's Place The Home of I Can

80 Saw Mill Road
Danbury,CT06810 		None PC general fund 5,000

Audubon South Carolina

125 Wappoo Creek Drive Building G
Charleston,SC29412 		None PC general fund 5,000

Beaufort Memorial Hospital Foundation

PO Box 2233
Beaufort,SC29901 		None PC general fund 5,000

Best Pets

1062 Stearns Avenue
Boulder,CO80211 		None PC general fund 5,000

Blue Ridge Literacy

706 S Jefferson Street
Roanoke,VA24016 		None PC general fund 20,000

Botetourt County Public Schools Education Foundation Inc

143 Poor Farm Road
Fincastle,VA24090 		None PC mem of overstreet 2,500

Boys Farm Inc

PO Box 713
Newberry,SC29108 		None PC ag programs 10,000

Capital Region Land Conservancy

PO Box 17306
Richmond,VA23226 		None PC education 15,000

Carilion Clinic Foundation

903 S Jefferson Street
Roanoke,VA24016 		None PC goggles 27,500

Carolina Coonhound Rescue

PO Box 80223
Charleston,SC29416 		None PC mem of kaley 1,000

Centerpoint Church at Remount

1520 Remount Road
North Charleston,SC29406 		None PC general fund 5,000

Charleston Area Therapeutic Riding Inc

2669 Hamilton Road
Johns Island,SC29455 		None PC memory of king 1,000

Charleston Library Society

164 King Street
Charleston,SC29401 		None PC general fund 5,000

Connecticut Burn Care Foundation

601 Boston Post Road
Milford,CT06460 		None PC general fund 5,000

Davis Love III Foundation

100 Retreat Avenue
St Simons Island,GA31522 		None PC general fund 10,000

Diabetes Research Foundation International

3525 Piedmont Road NE Bldg 6 Suit
Atlanta,GA30305 		None PC Bobby's Band 5,000

Exceptional Sidekick

3 Simm Lane
Newtown,CT06470 		None PC general fund 5,000

FARE Food Allergy Research and Education

7901 Jones Branch Drive Suite 240
McLean,VA22102 		None PC challenge 50,000

Fennell Elementary Magnet School

131 Yemassee Highway
Yemassee,SC29945 		None PC general fund 20,000

Foxfield FARM corporation

62 Hungary Road
Granby,CT06035 		None PC general fund 10,000

Friends of Boca Grande Community Center

PO Box 1222
Boca Grande,FL33921 		None PC general fund 10,000

Friends of Caroline Hospice

329 Friends Ln
Ridgeland,SC29936 		None PC general fund 10,000

Friends of Drayton Hall National Trust for Historic Preservation

3380 Ashley River Road
Charleston,SC29414 		None PC general fund 10,000

Gibbes Museum of Art

135 Meeting Street
Charleston,SC29401 		None PC hopper painting 25,000

Glynn Community Crisis Center

PO Box 278
Brunswick,GA31521 		None PC general fund 5,000

Golden Isle Veterans Village Initiative Inc

PO Box 1884
Brunswick,GA31520 		None PC general fund 10,000

Golden Opportunities

PO Box 3663
Newtown,CT06470 		None PC general fund 10,000

Grace House of Brunswick Inc

PO Box 2121
Brunswick,GA31521 		None PC general fund 5,000

Green Heart Project

759 King Street Suite A
Charleston,SC29403 		None PC general fund 5,000

GrowFood Carolina

990 Morrison Drive
Charleston,SC29403 		None PC general fund 5,000

Harrison Museum of African American Culture

PO Box 12544
Roanoke,VA240262544 		None PC mountaintop 10,000

The Hotchkiss School

11 Interlaken Road
Lakeville,CT060392141 		None PC honor of 79 4,500

Humane Society of South Coastal GA

4627 US Highway 17 North
Brunswick,GA31525 		None PC general fund 5,000

International Medical Corps

12400 Wilshire Boulevard Suite 150
Los Angeles,CA90025 		None PC general fund 10,000

LVA School

248 Main Street
Danbury,CT06810 		None PC general fund 5,000

Lord Berkeley Conservation Trust

136 East Railroad Avenue
Moncks Corner,SC29461 		None PC general fund 5,000

Lowcountry Land Trust

635 Rutledge Avenue Suite 107
Charleston,SC29403 		None PC barry tract 25,000

Mill Mountain Theatre

One Market Square SE
Roanoke,VA240111437 		None PC mountaintop 10,000

The Nature Conservancy of SC

1417 Stuart Engals Boulevard Ste 1
Mt Pleasant,SC29464 		None PC gregory neck 250,000

Nemours Wildlife Foundation

161 Nemours Plantation Road
Yemassee,SC29945 		None PC piney woods cattle study fund 50,000

Nuvance Health Network

24 Hospital Avenue
Danbury,CT06810 		None PC general fund 50,000

Opera Roanoke

20 East Church Avenue 3rd Floor
Roanoke,VA24011 		None PC challenge 20,000

Operation Bedspread Inc

1700 Frederica Road Suite 101-218
St Simons Island,GA31522 		None PC general fund 5,000

Preservation Society of Charleston

147 King Street
Charleston,SC29401 		None PC resiliency pub 20,000

Roanoke Rampage Fire and Police Football Team

PO Box 2771
Roanoke,VA24001 		None PC general fund 5,000

Safe Harbor Center Inc

1526 Norwich Street
Brunswick,GA31520 		None PC general fund 5,000

Science Museum of Western Virginia

One Market Square SE 4th Floor
Roanoke,VA24011 		None PC general fund 25,000

Simply Smiles

1771 Post Road East
Westport,CT06880 		None PC general fund 5,000

South Carolina Aquarium

100 Aquarium Wharf
Charleston,SC29401 		None PC general fund 5,000

Southern Environmental Law Center

525 East Bay Street
Charleston,SC29403 		None PC sc office 5,000

St Francis Service Dogs

8232 Enon Drive
Roanoke,VA24019 		None PC general fund 15,000

St Simons Land Trust

PO Box 24615
St Simons Island,GA31522 		None PC general fund 5,000

Taubman Museum of Art

110 Salem Avenue SE
Roanoke,VA24011 		None PC memory of maury strauss 50,000

University of Texas at Austin

2210 Speedway C3400
Austin,TX78712 		None PC morgantina/bell 10,000

Westminster School

995 Hopmeadow Street
Simsbury,CT06070 		None PC general fund 5,000
Total .................................right arrow 3a 961,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 405,640  
4 Dividends and interest from securities ....     14 596,174  
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 .....     14 10,561  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,314,361  
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 2,326,736 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,326,736
(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: 24020961
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description

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

TY 2024 DepreciationSchedule
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING 2003-04-15 1,407,046   Straight line 39.0 37,659      
BUILDING IMPROVEMENTS 2003-04-15 25,520   Straight line 39.0 689      
BUILDING IMPROVEMENTS 2003-08-01 329,755   Straight line 39.0 9,446      
BUILDING IMPROVEMENTS 2003-09-01 38,592   Straight line 39.0 1,013      
BUILDING IMPROVEMENTS 2004-01-15 6,843   Straight line 39.0 192      
BUILDING IMPROVEMENTS 2004-03-18 15,384   Straight line 39.0 420      
BUILDING IMPROVEMENTS 2004-04-01 21,684   Straight line 39.0 579      
BUILDING IMPROVEMENTS 2004-04-01 385   Straight line 39.0 8      
BUILDING IMPROVEMENTS 2004-04-14 24,847   Straight line 39.0 666      
BUILDING IMPROVEMENTS 2004-10-01 86,800   Straight line 39.0 2,311      
DESK 2003-05-01 7,314   Modified ACRS 10.0 0      
FURNITURE 2003-07-24 10,426   Modified ACRS 10.0 0      
STATUE OF CERES 2004-12-14 6,000   Modified ACRS 7.0 0      
ARTWORK 2005-07-19 19,892     0.0 0      
LAND 2003-04-15 248,300   Land 0.0 0      
BUILDING IMPROVEMENTS 2009-05-04 7,121   Straight line 39.0 177      
BUILDING IMPROVEMENTS 2009-07-09 26,565   Straight line 39.0 683      
BUILDING IMPROVEMENTS 2009-08-13 9,740   Straight line 39.0 245      
BUILDING IMPROVEMENTS 2009-10-15 12,348   Straight line 39.0 311      
COMPUTER 2009-07-02 1,640   Modified ACRS 5.0 820      
BUILDING IMPROVEMENTS 2004-05-22 10,797   Straight line 39.0 2,952      
BUILDING IMPROVEMENTS 2014-08-14 16,428   Straight line 39.0 423      
BUILDING IMPROVEMENTS 2015-12-16 10,000   Straight line 39.0 281      
BUILDING IMPROVEMENTS 2016-01-06 10,000   Straight line 39.0 260      
BUILDING IMPROVEMENTS 2016-03-23 22,558   Straight line 39.0 629      
BUILDING IMPROVEMENTS 2016-06-01 35,359   Straight line 39.0 904      
BUILDING IMPROVEMENTS 2016-08-18 30,459   Straight line 39.0 846      
BUILDING IMPROVEMENTS 2016-07-28 55,667   Straight line 39.0 1,549      
BUILDING IMPROVEMENTS 2017-04-10 6,881   Straight line 39.0 179      
AC Unit 2019-01-17 7,931   Straight line 39.0 222      
Building imPROVEMENTS 2019-02-21 47,179   Straight line 39.0 1,310      
Building imPROVEMENTS 2019-10-17 10,825   Straight line 39.0 299      
Building imPROVEMENTS 2020-02-06 40,431   Straight line 39.0 1,036      
Building imPROVEMENTS 2020-03-12 26,084   Straight line 39.0 669      
Building imPROVEMENTS 2020-04-16 31,047   Straight line 39.0 862      
Building imPROVEMENTS 2020-05-28 38,862   Straight line 39.0 1,081      
Building imPROVEMENTS 2020-07-02 31,162   Straight line 39.0 799      
Building imPROVEMENTS 2020-09-10 23,378   Straight line 39.0 601      
Building imPROVEMENTS 2020-12-17 11,259   Straight line 39.0 312      
AC Unit 2020-02-13 6,915   Straight line 39.0 178      
AC Unit 2021-09-30 2,439   Straight line 39.0 66      
Building iMPROVEMENTS 2021-10-07 29,719   Straight line 39.0 762      
Building iMPROVEMENTS 2022-02-03 6,203   Straight line 39.0 159      
Building iMPROVEMENTS 2022-12-29 5,292   Straight line 39.0 147      
Building iMPROVEMENTS 2023-08-17 27,790   Straight line 39.0 796      
Building iMPROVEMENTS 2024-06-13 12,866   Straight line 39.0 192      
Building iMPROVEMENTS 2024-09-26 2,635   Straight line 39.0 23      

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

TY 2024 ExpenditureResponsibilityStmt
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
Davis Love III Foundation
  		100 RETREAT AVENUE
ST SIMONS ISLAND,GA31522 		2024-01-25 10,000 Davis Love III Foundation IS A 501(C)(3) private non-operating foundation that contributes to 501(c)(3) public charities. 10,000 none THROUGH OUT THE YEAR    

TY 2024 GeneralExplanationAttachment
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Identifier Return Reference Explanation
  Form 990-PF, Part IX, Line 4 CASH GENERATED IN INVESTMENT ACCOUNTS IS TRANSFERRED PERIODICALLY INTO THE OPERATING ACCOUNT TO PAY ONGOING OPERATIONAL COSTS OF THE FOUNDATION.

TY 2024 InvestmentsCorpBondsSchedule
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
RAYMOND JAMES - CORPORATE BONDS 1,919,309 1,919,309

TY 2024 InvestmentsCorpStockSchedule
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
RAYMOND JAMES - CORPORATE STOCK 10,971,285 10,971,285

TY 2024 InvestmentsGovtObligationsSch
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
US Government Securities - End of Year Book Value:

1,932,438
US Government Securities - End of Year Fair Market Value:

1,932,438
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
RAYMOND JAMES - ASSET BACKED SECURITIES AT COST 3,555,666 3,555,666
RAYMOND JAMES - OPEN-END FUNDS AT COST 1,804,512 1,804,512
RAYMOND JAMES - EXCHANGE TRADED PRODUCTS AT COST 1,785,114 1,785,114
RAYMOND JAMES - REITS AT COST 684,700 684,700

TY 2024 LandEtcSchedule2
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 248,300 0 248,300 248,300
BUILDING & EQUIPMENT 2,618,069 1,218,561 1,399,508 1,399,508


TY 2024 LegalFeesSchedule
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 7,145     7,145


TY 2024 OtherAssetsSchedule
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED ARTWORK 612,000 612,000 612,000
pending transactions 128,688 132,350 132,350


TY 2024 OtherExpensesSchedule
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSES 51,784     51,784
INSURANCE 73,084     73,084
Accrued Interest Paid 14,409 14,409    
bond premium discounts 11,215 11,215    
travel reimbursement 7,386     7,386


TY 2024 OtherIncomeSchedule2
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
NONDIVIDEND DISTRIBUTIONS 10,561    


TY 2024 OtherLiabilitiesSchedule
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL WITHHOLDING TAXES PAYABLE 5,665 8,297


TY 2024 OtherProfessionalFeesSchedule
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 258,142 258,142    


TY 2024 TaxesSchedule
Name:
The Ceres Foundation Inc
EIN:
58-2479387
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 21,735 21,735    
excise tax 24,000      
PROPERTY TAX 150