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
MCCULLOUGH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO ASHPARSONT-122 EAST 42 ST-150
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY101681599
A Employer identification number

01-0744113
B Telephone number (see instructions)

(212) 953-1250
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$2,347,221
J 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 196 196  
4 Dividends and interest from securities... 17,232 17,232  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 232,738
b Gross sales price for all assets on line 6a 505,079
7 Capital gain net income (from Part IV, line 2)... 232,738
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 250,166 250,166  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 6,048 0   6,048
c Other professional fees (attach schedule).... 14,996 14,996   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 320 320   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 14 14   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,378 15,330   6,048
25 Contributions, gifts, grants paid....... 115,150 115,150
26 Total expenses and disbursements. Add lines 24 and 25 136,528 15,330   121,198
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 113,638
b Net investment income (if negative, enter -0-) 234,836
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 21,645 144,819 144,819
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 835,645 Click to see attachment
List of Attached Documents:
// Content
812,057
2,158,077
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,967 Click to see attachment
List of Attached Documents:
// Content
34,116
44,325
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,097
Click to see attachment
List of Attached Documents:
// Content
0
Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 877,354 990,992 2,347,221
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 877,354 990,992
29 Total net assets or fund balances (see instructions)..... 877,354 990,992
30 Total liabilities and net assets/fund balances (see instructions). 877,354 990,992
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
877,354
2
Enter amount from Part I, line 27a .....................
2
113,638
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
990,992
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
990,992
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c CAPITAL GAINS DIVIDENDS P    
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 32,350   38,298 -5,948
b 472,663   234,043 238,620
c 66     66
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       -5,948
b       238,620
c       66
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 2 232,738
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 3,264
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,264
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,264
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 3,372
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,372
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 108
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow108 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 arrowCT
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 arrowJOHN MCCULLOUGH TURNER JR Telephone no.right arrow (860) 535-1541

Located atright arrow37 MAIN STREETNORTH STONINGTONCT ZIP+4right arrow06359
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)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JOHN MCCULLOUGH TURNER JR TRUSTEE
0.25
0 0 0
37 MAIN STREET
NORTH STONINGTON,CT06359
LELAND J TURNER TRUSTEE
1.25
0 0 0
PO BOX 7013
BRECKENRIDGE,CO80424
GREGORY C TURNER TRUSTEE
1.25
0 0 0
1001 ADELINE STREET
OAKLAND,CA94607
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
2,133,933
b
Average of monthly cash balances.......................
1b
69,287
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,203,220
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,203,220
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
33,048
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,170,172
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
108,509
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
108,509
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,264
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,264
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
105,245
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
105,245
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
105,245
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
121,198
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
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
121,198
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 7 105,245
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 35,363
b From 2020...... 15,473
c From 2021...... 12,721
d From 2022...... 39,858
e From 2023......  
f Total of lines 3a through e ........ 103,415
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 121,198
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)........
Click to see attachment
List of Attached Documents:
// Content
0
d Applied to 2024 distributable amount..... 105,245
e Remaining amount distributed out of corpus 15,953
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 119,368
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 ..........
0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ...
35,363
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ......
84,005
10 Analysis of line 9:
a Excess from 2020.... 15,473
b Excess from 2021.... 12,721
c Excess from 2022.... 39,858
d Excess from 2023....  
e Excess from 2024.... 15,953
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

ALS ASSOCIATION JM CATFISH HUNTER CHAPTER

4 N BLOUNT STREET
RALEIGH,NC27601
NONE MEDICAL FOR OPERATIONS 100

ALWAYS HOME

119 HIGH STREET
MYSTIC,CT06355
NONE PUBLIC CHARITY FOR OPERATIONS 100

AMER FRIENDS SVC COMM-AFSC DEV FD

1501 CHERRY ST
PHILADELPHIA,PA19102
NONE PUBLIC CHARITY FOR OPERATIONS 4,000

AMERICAN HEART ASSN

PO BOX 78851
PHOENIX,AZ88062
NONE PUBLIC CHARITY FOR OPERATIONS 100

AMERICAN RED CROSS OF CONNECTICUT

208 FARMINGTON AVE
FARMINGTON,CT06032
NONE PUBLIC CHARITY FOR OPERATIONS 2,000

AMERICAN RED CROSS

2025 E ST NW
WASHINGTON,DC20006
NONE PUBLIC CHARITY FOR OPERATIONS 2,000

AVALONIA LAND CONSERVANCY

PO BOX 49
OLD MYSTIC,CT06372
NONE CONSERVATION FOR OPERATIONS 100

BONNELL COVE FOUNDATION

124 CHESTNUT STREET
CAMDEN,ME04843
NONE PUBLIC CHARITY FOR OPERATIONS 100

CROP - CHURCH WORLD SERVICE

PO BOX 968
ELKHART,IN46515
NONE PUBLIC CHARITY FOR OPERATIONS 100

CHIKUMBUSO

389 E WYASSUP RD
N STONINGTON,CT06359
NONE PUBLIC CHARITY FOR OPERATIONS 5,700

CHORUS OF WESTERLY

119 HIGH STREET
WESTERLY,RI02891
NONE THE ARTS FOR OPERATIONS 500

CONNECTICUT FOODSHARE

2 RESEARCH PKWY
WALLINFORD,CT06492
NONE FOOD BANK FOR OPERATIONS 3,000

DENISON PEQUOTSEPOS NATURE CENTER

PO BOX 122
MYSTIC,CT06355
NONE ENVIRONMENTAL FOR OPERATIONS 250

DOCTORS WITHOUT BORDERS

PO BOX 5022
HAGERSTOWN,MD21741
NONE PUBLIC CHARITY FOR OPERATIONS 2,000

FINCA

PO BOX 98048
WASHINGTON,DC20090
NONE PUBLIC CHARITY FOR OPERATIONS 2,000

FRIENDS OF HARKNESS

PO BOX 10
WATERFORD,CT06385
NONE PUBLIC CHARITY FOR OPERATIONS 250

GARDE ARTS CENTER

325 STATE STREET
NEW LONDON,CT06320
NONE THE ARTS FOR OPERATIONS 2,500

GROTON OPEN SPACE

PO BOX 9167
GROTON,CT06340
NONE PUBLIC CHARITY FOR OPERATIONS 2,000

HABITAT FOR HUMANITY SECT

377 BROAD STREET
NEW LONDON,CT06320
NONE PUBLIC CHARITY FOR OPERATIONS 1,500

HABITAT FOR HUMANITY

121 HABITAT STREET
AMERICUS,GA31709
NONE PUBLIC CHARITY FOR OPERATIONS 2,000

IMBA

PO BOX 7578
BOULDER,CO80306
NONE PUBLIC CHARITY FOR OPERATIONS 5,000

INTERFAITH LIGHT AND POWER

369 PINE STREET SUITE 700
SAN FRANCISCO,CA94104
NONE PUBLIC CHARITY FOR OPERATIONS 100

ISLAND INSTITUTE

PO BOX 648
ROCKLAND,ME04841
NONE PUBLIC CHARITY FOR OPERATIONS 100

LAND AND GARDEN PRESERVE

PO BOX 208
SEAL HARBOR,ME04675
NONE PUBLIC CHARITY FOR OPERATIONS 50

LYCOMING COLLEGE

700 COLLEGE PLACE
WILLIAMSPORT,PA17701
NONE EDUCATION FOR OPERATIONS 2,000

MADONNA PLACE

240 MAIN STREET
NORWICH,CT36360
NONE PUBLIC CHARITY FOR OPERATIONS 100

MERCY CORPS

3019 SW FIRST AVENUE
PORTLAND,OR97201
NONE PUBLIC CHARITY FOR OPERATIONS 4,000

MORGAN ADAMS FOUNDATION

5303 E EVANS AVE SUITE 200
DENVER,CO80222
NONE PUBLIC CHARITY FOR OPERATIONS 100

MYSTIC SEAPORT

75 GREENMANVILLE AVENUE
MYSTIC,CT06355
NONE PUBLIC CHARITY FOR OPERATIONS 200

NATIONAL MS SOCIETY

PO BOX 4527
NEW YORK,NY10163
NONE PUBLIC CHARITY FOR OPERATIONS 100

NEW LONDON COUNTY HISTORICAL SOCIETY

11 BLINMAN STREET
NEW LONDON,CT06320
NONE THE ARTS FOR OPERATIONS 150

NEW ORLEANS HABITAT FOR HUMANITY

2900 ELYSIAN FIELDS AVENUE
NEW ORLEANS,LA70122
NONE PUBLIC CHARITY FOR OPERATIONS 50

NORTH STONINGTON CITIZENS LAND ALLIANCE

PO BOX 327
NORTH STONINGTON,CT06359
NONE PUBLIC CHARITY FOR OPERATIONS 50

NORTH STONINGTON CONGREGATIONAL CHURCH

PO BOX 66
N STONINGTON,CT06359
NONE CHURCH FOR OPERATIONS 17,000

NORTH STONINGTON EDUCATION FOUNDATION

297 NORWICH-WESTERLY ROAD
NORTH STONINGTON,CT06359
NONE PUBLIC CHARITY FOR OPERATIONS 300

NORTH STONINGTON HISTORICAL SOCIETY

PO BOX 134
N STONINGTON,CT06359
NONE THE ARTS FOR OPERATIONS 400

NORTH STONINGTON LIONS

PO BOX 1000
N STONINGTON,CT06359
NONE PUBLIC CHARITY FOR OPERATIONS 150

NORTH STONINGTON PTO

298 NORWICH-WESTERLY RD
NORTH STONINGTON,CT06359
NONE PUBLIC CHARITY FOR OPERATIONS 1,600

OCEANA

2501 M STREET NW
WASHINGTON,DC20037
NONE PUBLIC CHARITY FOR OPERATIONS 2,500

PARK MCCULLOUGH HOUSE

PO BOX 388
NORTH BENNINGTON,VT05257
NONE PUBLIC CHARITY FOR OPERATIONS 15,000

PARK MCCULLOUGH SCHOLARSHIP

PO BOX 388
NORTH BENNINGTON,MA05257
NONE PUBLIC CHARITY FOR OPERATIONS 100

PARKINSONS FOUNDATION

PO BOX 5003
ALBERTA LEA,MN56007
NONE PUBLIC CHARITY FOR OPERATIONS 50

PAWCATUCK NEIGHBORHOOD CENTER TRANPORTATION PROGRAM

27 CHASE STREET
PAWCATUCK,CT06379
NONE PUBLIC CHARITY FOR OPERATIONS 2,500

PEOPLE FOR THE AMERICAN WAY FOUNDATION

1101 15TH ST NW 6TH FL
WASHINGTON,DC20072
NONE PUBLIC CHARITY FOR OPERATIONS 250

PLANNED PARENTHOOD OF SE NEW ENGLAND

345 WHITNEY AVENUE
NEW HAVEN,CT06511
NONE PUBLIC CHARITY FOR OPERATIONS 200

PLANNED PARENTHOOD

PO BOX 97166
WASHINGTON,DC20077
NONE PUBLIC CHARITY FOR OPERATIONS 4,000

POPULATION CONNECTION

2120 L STREET NW 4TH FL
WASHINGTON,DC20037
NONE PUBLIC CHARITY FOR OPERATIONS 2,000

SANDY HOOK PROMISE

PO BOX 3489
NEWTOWN,CT06470
NONE PUBLIC CHARITY FOR OPERATIONS 500

SAVE THE SOUND

900 CHAPEL STREET
NEW HAVEN,CT06510
NONE PUBLIC CHARITY FOR OPERATIONS 500

SIERRA CLUB - NAT'L HEADQUARTERS

2101 WEBSTER STREET SUITE 1250
OAKLAND,CA94612
NONE CONSERVATION FOR OPERATIONS 500

SOUTHERN POVERTY LAW CENTER

PO BOX 5632
MONTGOMERY,AL36177
NONE PUBLIC CHARITY FOR OPERATIONS 1,000

THE NATURE CONSERVANCY OF CONNECTICUT

55 HIGH STREET
MIDDLETOWN,CT06457
NONE CONSERVATION FOR OPERATIONS 2,500

THE NATURE CONSERVANCY

PO BOX 1556
MERRIFIELD,VA22116
NONE PUBLIC CHARITY FOR OPERATIONS 1,000

THE XERCES SOCIETY

PO BOX 97387
WASHINGTON,DC20009
NONE PUBLIC CHARITY FOR OPERATIONS 250

TRUST FOR PUBLIC LANDS

33 UNION STREET 4TH FL
BOSTON,MA02108
NONE CONSERVATION FOR OPERATIONS 3,000

UNITED WAY OF SE CONNECTICUT

PO BOX 375
GALES FERRY,CT06335
NONE PUBLIC CHARITY FOR OPERATIONS 3,000

WARM

56 SPRUCE STREET
WESTERLY,RI02890
NONE PUBLIC CHARITY FOR OPERATIONS 1,000

WATERORG

920 MAIN ST SUITE 1800
KANSAS CITY,MO64105
NONE THE ARTS FOR OPERATIONS 100

WESTERLY FRIENDS MEETING

57 ELM ST
WESTERLY,RI02891
NONE PUBLIC CHARITY FOR OPERATIONS 1,000

WHEELER LIBRARY

PO BOX 217 101 MAIN STREET
NORTH STONINGTON,CT06359
NONE PUBLIC CHARITY FOR OPERATIONS 3,000

WOMEN FOR WOMEN INTERNATIONAL

2000 M ST NW
WASHINGTON,DC20036
NONE PUBLIC CHARITY FOR OPERATIONS 100

WOOD PAWCATUCK WATERSHED ASSOCIATION

30 ARCADIA ROAD
HOPE VALLEY,RI02832
NONE PUBLIC CHARITY FOR OPERATIONS 250

WORLD BICYCLE RELIEF

1000 WEST FULTON MARKET 4TH FLOOR
CHICAGO,IL60607
NONE PUBLIC CHARITY FOR OPERATIONS 9,000

WORLD VISION INTERNATIONAL

919 2ND AVE 2
NEW YORK,NY10017
NONE PUBLIC CHARITY FOR OPERATIONS 100
Total .................................right arrow 3a 115,150
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 ...........
    14 196  
4 Dividends and interest from securities ....     14 17,232  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............
    18 232,738  
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) .. 0 250,166 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
250,166
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
MCCULLOUGH FOUNDATION
EIN:
01-0744113
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 6,048 0   6,048

TY 2024 DistributionFromCorpusElection
Name:
MCCULLOUGH FOUNDATION
EIN:
01-0744113
Election:
PURSUANT TO REG. 53.4942(A)-3(C)(2)(IV) THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT, AS A CURRENT DISTRIBUTION OUT OF CORPUS, THE FOLLOWING UNUSED PRIOR YEAR'S DISTRIBUTIONS THAT WERE TREATED AS CORPUS DISTRIBUTION UNDER REG. 53.4942(A)-3(D)(1)(III) IN SUCH PRIOR TAX YEARS.TAX YEAR: 2007 AMOUNT $12,936TAX YEAR: 2008 AMOUNT $ 7,045TAX YEAR: 2009 AMOUNT $17,322TAX YEAR: 2010 AMOUNT $15,884TAX YEAR: 2011 AMOUNT $ 114

TY 2024 InvestmentsCorpStockSchedule
Name:
MCCULLOUGH FOUNDATION
EIN:
01-0744113
Name of Stock End of Year Book Value End of Year Fair Market Value
ADOBE INC-80 SHS 10,466 35,574
ALPHABET INC-CL C-525 SHS 18,968 99,981
AMAZON.COM INC-700 SHS 31,755 153,573
AMERICAN EXPRESS CO-75 SHS 19,472 22,259
AMGEN INC-80 SHS 12,886 20,851
APPLE INC-660 SHS 25,646 165,277
BERKSHIRE HATHAWAY-80 SHS 29,171 36,262
BOSTON SCIENTIFIC-565 SHS 33,025 50,466
CHIPOTLE MEXICAN GRILL-500 SHS 13,723 30,150
CINTAS CORP-220 SHS 6,527 40,194
COSTCO WHOLESALE CORP-75 SHS 18,449 68,720
DANAHER CORP-160 SHS 24,206 36,728
EATON CORP PLC-200 SHS 29,567 66,374
ELI LILLY & CO-80 SHS 20,385 61,760
FORTINET INC-525 SHS 11,856 49,602
HEICO CORP-95 SHS 9,414 17,678
HOME DEPOT INC-150 SHS 11,331 58,349
JP MORGAN CHASE & CO-170 SHS 11,287 40,751
MASTERCARD INC-40 SHS 19,194 21,063
MERCK & CO INC-130 SHS 16,301 12,932
META PLATFORMS INC-70 SHS 37,709 40,986
MICROSOFT CORP-375 SHS 26,688 158,063
NETFLIX INC-90 SHS 30,074 80,219
NEXTERA ENERGY INC-150 SHS 1,202 10,754
NOVO-NORDISK-270 SHS 26,072 23,225
NVIDIA CORP-1,300 SHS 11,360 174,577
PALO ALTO NETWORKS-590 SHS 23,957 107,356
PARKER-HANNIFIN CORP-45 SHS 26,996 28,621
PEPSICO INC-140 SHS 8,872 21,288
SALESFORCE COM INC-170 SHS 22,930 56,836
SERVICENOW INC-85 SHS 52,317 90,110
STRYKER CORP-125 SHS 35,397 45,006
THERMO FISHER SCIENTIFIC INC-70 SHS 11,766 36,416
TJX COMPANIES-400 SHS 34,449 48,324
VERTIV HLDGS CO-190 SHS 23,212 21,586
VISA INC-CLASS A SHARES-240 SHS 21,667 75,850
WORKDAY INC-195 SHS 43,760 50,316

TY 2024 InvestmentsOtherSchedule2
Name:
MCCULLOUGH FOUNDATION
EIN:
01-0744113
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PROLOGIS INC-200 SHS AT COST 9,926 21,140
VANGUARD TOTAL STOCK ETF-80 SHS AT COST 24,190 23,185

TY 2024 OtherAssetsSchedule
Name:
MCCULLOUGH FOUNDATION
EIN:
01-0744113
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DUE FROM BROKER 5,097    


TY 2024 OtherExpensesSchedule
Name:
MCCULLOUGH FOUNDATION
EIN:
01-0744113
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 14 14   0


TY 2024 OtherProfessionalFeesSchedule
Name:
MCCULLOUGH FOUNDATION
EIN:
01-0744113
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 14,996 14,996   0


TY 2024 TaxesSchedule
Name:
MCCULLOUGH FOUNDATION
EIN:
01-0744113
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN WITHHOLDING 320 320   0