TY 2024 Form 990PF

- TIN:

Form990-PF
: CHANGE OF ACCOUNTING PERIOD

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

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

OMB No. 1545-0047

2024

Open to Public Inspection

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

Name of foundation
Ippolito Charitable Foundation
of Galveston

Number and street (or P.O. box number if mail is not delivered to street address)2001 Kirby Drive 1200
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77019

A Employer identification number

76-0671962

B Telephone number (see instructions)

(713) 529-3729

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$19,942,979J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	4,880		4,880
4	Dividends and interest from securities...	201,614		201,614
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		48,775
b	Gross sales price for all assets on line 6a 283,622
7	Capital gain net income (from Part IV, line 2)...			48,775
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).......	List of Attached Documents: // Content	4,082	4,082
12	Total. Add lines 1 through 11........	259,351		259,351
13	Compensation of officers, directors, trustees, etc.	7,056		0	7,056
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	540		0	540
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	10,916	0	10,916
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	11,646	5,623	6,023
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	32	32	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	7,802		0	7,802
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	30,519	15,146	15,373
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	68,511		20,801	47,710
25	Contributions, gifts, grants paid.......	21,500			21,500
26	Total expenses and disbursements. Add lines 24 and 25	90,011		20,801	69,210
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	169,340
b	Net investment income (if negative, enter -0-)			238,550
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,137,304	1,549,129	1,549,129
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	13,508,388	List of Attached Documents: // Content 13,296,739	15,227,667
	c	Investments—corporate bonds (attach schedule).......	1,516,926	List of Attached Documents: // Content 1,516,926	1,520,133
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,299,964	List of Attached Documents: // Content 1,269,128	1,646,050
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	17,462,582	17,631,922	19,942,979
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	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	17,462,582	17,631,922
	29	Total net assets or fund balances (see instructions).....	17,462,582	17,631,922
	30	Total liabilities and net assets/fund balances (see instructions).	17,462,582	17,631,922

Part III

Analysis of Changes in Net Assets or Fund Balances

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

17,462,582

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

169,340

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

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

17,631,922

Decreases not included in line 2 (itemize) right arrow

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

17,631,922

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	Publicly-traded securities	P
b	Securities litigation income	P
c	K-1 passthrough capital loss	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	283,268	211,649	71,619
b	354		354
c			-23,198
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			71,619
b			354
c			-23,198
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	48,775
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	3,316
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	3,316
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	3,316
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	7,927
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	7,927
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,611
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax4,611	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

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

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes Click to see attachment

List of Attached Documents:

// Content

....

Yes

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

ippolitofoundation.org

The books are in care of right arrow

Sentinel Trust Company LBA Telephone no. right arrow

(713) 529-3729

Located at right arrow

2001 Kirby Dr Ste 1200HoustonTX ZIP+4 right arrow

77019

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

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

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

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

16 No

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

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

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)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years right arrow

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

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

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

5a(5)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation
John C Ippolito	President 1.00	0	0
2001 Kirby Drive Suite 1200 Houston,TX77019	President 1.00	0	0
Crys C Ippolito	Vice President 1.00	0	0
2001 Kirby Drive Suite 1200 Houston,TX77019	Vice President 1.00	0	0
Lee I Jurewitz	Secretary 10.00	4,704	360
2001 Kirby Drive Suite 1200 Houston,TX77019	Secretary 10.00	4,704	360
Pepper I Ammann	Treasurer 9.00	2,352	180
2001 Kirby Drive Suite 1200 Houston,TX77019	Treasurer 9.00	2,352	180

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


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









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

Form 990-PF (2024)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

16,741,353

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

1,343,216

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

1,646,050

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

19,730,619

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

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

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

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

19,730,619

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

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

295,959

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

19,434,660

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

82,539

Part X

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

and do not complete this part.)

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

82,539

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

3,316

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

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

3,316

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

79,223

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

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

79,223

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

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

79,223

Part XI

Qualifying Distributions (see instructions)

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

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

69,210

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

69,210

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					79,223
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......
b From 2020......
c From 2021......
d From 2022......
e From 2023......	130,737
f Total of lines 3a through e ........		130,737
4Qualifying distributions for 2024 from Part
XI, line 4: $ 69,210
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.....					69,210
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.		10,013			10,013
(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		120,724
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) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		120,724
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....	120,724
e Excess from 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 4942(j)(3) or4942(j)(5)

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

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

Part XIV

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

1Information Regarding Foundation Managers:

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

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

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

Check here right arrow

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

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

Grants Director
6341 Stewart Road 310
Galveston,TX77551
(512) 745-3237
grants@ippolitofoundation.org

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

All instructions and information for applications can be found on the program website: https://ippolitofoundation.org/#application

cAny submission deadlines:

The deadline for grant proposal applications is June 1.

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

The Ippolito Charitable Foundation of Galveston will only consider grant applications from qualifying 501(c)(3) tax-exempt nonprofit organizations within the City of Galveston, Texas. Grant applications for programs operating within the City of Galveston, Texas, even if operated by an organization that is based elsewhere within the State of Texas, will also be considered. PLEASE NOTE: - Fundraising benefits will not be considered or funded. - Only one proposal per organization per year will be considered. - Grants up to $10,000 will be considered.

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
1894 Inc 2020 Post Ofc St Galveston,TX77550	N/A	PC	Serious Fun Children's Series and The Grand Kids Festival	20,000
Crusty Crew Rescue PO Box 1530 Running Spgs,CA92382	N/A	PC	General & Unrestricted	1,000
Justin Wren Foundation 7 NE 6th St Ste 100 Oklahoma City,OK73104	N/A	PC	General & Unrestricted	500
Total ................................. 3a				21,500

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	4,880
4 Dividends and interest from securities ....			14	201,614
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	48,775
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Passthrough income			14	4,082
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		259,351	0

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

259,351

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2024)

Page 13

Part XVI

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

Ippolito Charitable Foundation

of Galveston

EIN:

76-0671962

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Abbvie Inc - 5.400% - 03/15/2054	12,196	11,555
Altria Group - 5.800% - 02/14/2039	5,882	5,924
Amazon Com Inc - 2.500% - 06/03/2050	3,116	2,988
American Express Co - 6.305% - 02/16/2028	29,057	29,154
American Express Co Note - 4.420% - 08/03/2033	8,459	8,544
American Honda Fin - 6.233% - 01/12/2026	19,147	19,080
American Honda Fin Corp Mtn - 6.050% - 07/09/2027	14,000	14,068
Amgen Inc - 2.300% - 02/25/1931	9,188	9,368
Amgen Inc Note - 5.250% - 03/02/2033	8,958	8,938
Anheuser Busch Cos Inc - 4.900% - 02/01/2046	11,014	10,862
Apple Inc - 4.850% - 05/10/2053	8,638	8,520
AT&T - 2.250% - 02/01/2032	9,625	9,925
AT&T Inc Note - 4.750% - 05/15/2046	5,185	5,210
Bank America Corp - 5.288% - 04/25/2034	8,810	8,939
Bank America Corp Ser - 6.389% - 02/04/2028	29,087	29,330
Bank Montreal - 6.090% - 06/04/2027	14,000	14,077
Bank Nova Scotia B C - 6.120% - 06/04/2027	14,017	14,029
Berkshire Hathaway - 4.500% - 02/01/2045	10,595	10,413
Bk Of America Corp Bond Perpetual - 6.125% - 12/31/2049	28,198	28,236
Bk Of America Corp Ser - 3.593% - 07/21/2028	5,674	5,808
Bk Of America Corp Ser N Mtn - 3.846% - 03/08/2037	10,419	10,632
Boeing Co Note Call Make Whole - 2.196% - 02/04/2026	8,449	8,728
Bristol-Myers - 6.250% - 11/15/2053	6,517	6,360
Bristol-Myers Squibbo Note - 0.000% - 02/20/2026	29,095	29,070
Broadcom Corp/Broadcom Cayman - 3.875% - 01/15/2027	14,535	14,767
Capital One Finl Corp Note - 3.800% - 01/31/2028	11,322	11,581
Caterpillar Financial Services Mtns Be - 5.830% - 05/14/2027	21,031	21,015
Caterpillar Finl Svcs - 5.779% - 02/27/2026	14,023	14,018
Centene Corp - 2.500% - 03/01/2031	11,478	11,579
Cisco Sys Inc - 4.950% - 02/26/2031	12,105	12,039
Citigroup - 4.650% - 07/30/2045	10,625	10,484
Citigroup Bond - 4.450% - 09/29/2027	11,619	11,839
Citigroup Inc Note Call Make Whole - 0.000% - 01/25/2026	28,012	28,015
Coca-Cola Co - 5.000% - 05/13/2034	15,015	15,008
Comcast Corp - 4.400% - 08/15/2035	11,107	11,065
Comcast Corp - 5.100% - 06/01/2029	8,994	9,096
Commonwealth Edison Co - 4.350% - 11/15/2045	10,154	10,073
Conocophillips Note Call Make - 5.550% - 03/15/2054	6,032	5,789
Consolidated Edison Co Ny Inc - 5.090% - 11/18/2027	28,033	28,160
Dollar Gen Corp - 3.500% - 04/03/2030	8,111	8,254
Duke Energy Corp Note - 5.000% - 08/15/2052	7,964	7,867
Enbridge Inc - 3.700% - 07/15/2027	11,460	11,706
Energy Transfer Lp - 4.200% - 04/15/2027	11,628	11,840
Equinix Inc Note Call Make Whole - 3.200% - 11/18/2029	5,373	5,516
Fifth Third Bancorp Note - 4.337% - 04/25/2033	10,837	11,150
Fiserv Inc - 4.750% - 03/15/2030	11,973	11,861
General Mills - 4.950% - 03/29/2033	11,727	11,678
General Mtrs - 2.141% - 02/26/2027	29,002	29,133
General Mtrs Finl Coinc Note - 5.250% - 03/01/2026	11,969	12,033
Georgia Power Co - 6.060% - 05/08/2025	15,060	15,032
Gilead Sciences - 5.250% - 10/15/2033	9,069	9,032
Glaxosmithkline Cap Inc Note - 3.875% - 05/15/2028	5,812	5,851
Goldman Sachs Bk - 6.450% - 02/24/2028	28,060	28,286
Goldman Sachs Bk - 7.402% - 10/28/2027	15,516	15,363
Goldman Sachs Group - 5.727% - 04/25/2030	11,013	11,226
Goldman Sachs Group Inc - 2.383% - 07/21/2032	7,275	7,510
Hca Healthcare - 5.450% - 04/01/2031	9,168	8,983
Hcp Inc - 3.500% - 07/15/2029	10,945	11,234
Home Depot Inc - 0.000% - 12/24/2025	28,023	28,056
Home Depot Inc Note - 3.900% - 12/06/2028	11,587	11,694
Intercontinental Exchange Inc Note - 4.950% - 06/15/2052	5,565	5,370
John Deere Capital - 5.913% - 04/19/2027	34,000	34,170
JP Morgan Chase - 3.540% - 05/01/2028	5,700	5,830
JP Morgan Chase - 5.350% - 06/01/2034	16,837	17,007
JP Morgan Chase - 4.625% - 10/20/2022	14,097	14,089
JP Morgan Chase - 6.511% - 01/23/2028	28,315	28,351
Keurig Dr Pepper - 6.195% - 03/15/2027	28,076	28,276
Kraft Heinz Foods Conote - 4.625% - 01/30/2029	8,845	8,905
Kroger Co - 5.000% - 09/15/2034	12,099	11,609
Lowe's Companies, Inc - 5.150% - 07/01/2033	11,953	11,939
Marsh & Mclennan Companies, Inc - 4.550% - 11/08/2027	19,071	19,146
Mcdonalds Corp - 4.600% - 09/09/2032	8,791	8,764
Meta Platforms Inc Ser B Note - 3.850% - 08/15/2032	11,100	11,156
Micron Technology - 5.300% - 01/15/2031	8,911	8,989
Morgan Stanley - 5.449% - 07/20/2029	11,038	11,122
Morgan Stanley - 6.281% - 02/18/2026	28,089	28,027
Morgan Stanley Ser F Mtn - 2.484% - 09/16/2036	7,028	7,322
Natonal Rural - 0.000% - 02/05/2027	36,123	36,352
Nextera Energy Cap - 6.078% - 01/29/2026	29,055	29,156
Occidental Pete Corp - 6.375% - 09/01/2028	9,269	9,275
Oracle Corp - 2.950% - 05/15/2025	5,820	5,958
Oracle Corp Note - 6.900% - 11/09/2052	6,737	6,733
Pfizer Invt - 4.750% - 05/19/2033	11,720	11,623
Philp Morris Intl - 5.250% - 02/13/2034	8,762	8,899
Physicians Rlty Lp Note M/W Clbl 4.3% 03/15/2027	11,659	11,870
Pinnacle West Cap - 6.150% - 06/10/2026	28,008	28,114
Pioneer Natural Resources Co - 0.000% - 08/15/2030	9,968	10,223
Pnc Finl - 5.582% - 06/12/2029	9,043	9,156
Royal Bank Cda - 5.710% - 10/18/2028	14,002	14,059
Royal Bk Cda - 1.811% - 01/21/2027	13,983	14,058
Rtx Corp Note - 6.100% - 03/15/2034	9,494	9,479
Schwab Charles Corp Bond Perpetual - 5.375% - 04/30/2068	28,572	28,819
Sherwin Williams Co - 4.500% - 06/01/2047	10,353	10,104
T Mobile Usa Inc Note Call Make Whole - 5.050% - 07/15/2033	11,732	11,753
The Cigna Group - 4.900% - 12/15/2048	5,376	5,120
Toronto Dominion Bank - 6.040% - 04/05/2027	14,030	14,022
Toyota Motor Credit Corp - 0.000% - 05/15/2026	36,005	36,065
Truist Finl Corp - 7.161% - 10/30/2029	9,554	9,626
Uber Technologies Inc - 4.800% - 09/15/2034	12,108	11,485
United Airlines Ptc Ser 2020-1 Cl A 2020-1 Bond Ca - 5.875% - 04/15/2029	3,232	3,252
United Health Group Inc - 4.750% - 05/15/2052	5,406	5,150
Unitedhealth Group Inc - 3.750% - 07/15/2025	5,899	5,975
US Bancorp Mtn - 5.678% - 01/23/2035	8,981	9,082
Verizon Communications Inc - 2.875% - 11/20/2050	5,069	4,923
Verizon Communications Inc - 6.141% - 03/20/2026	14,089	14,082
Virginia Elec & Pwr Co Note - 4.625% - 05/15/2052	5,158	5,057
Walmart - 4.500% - 04/15/1953	8,140	7,844
Wells Fargo & Co - 5.557% - 07/25/2034	22,765	22,965
Wells Fargo - 6.645% - 04/25/2026	28,236	28,095
Williams Companies Inc Note - 5.650% - 03/15/2033	12,196	12,109
Zoetis Inc - 4.500% - 11/13/2025	11,884	11,987

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

Ippolito Charitable Foundation

of Galveston

EIN:

76-0671962

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Abbott Labs	38,201	44,000
Abbvie Inc	186,266	194,937
Accenture Plc	17,850	38,345
Adobe Systems, Inc	43,505	42,245
Agnico Eagle Mines Ltd	32,487	41,451
Airbnb	42,307	35,744
Alphabet Inc Cl A	235,585	320,106
Alphabet Inc Cl C	17,648	59,989
Amazon Com	131,356	279,064
Amgen Inc	53,461	54,474
Amphenol Corporation	58,532	86,535
Analog Devices Inc	141,773	131,938
Apple Inc	236,488	392,408
Bank Of America Corp	165,396	232,276
Barings Active Short Duration Bond Fund Cl L	68,290	62,951
Blackrock Equity Dividend Fund	445,538	406,694
Blackrock Inc	203,922	282,930
Boston Scientific	60,990	108,792
Broadcom Inc	56,263	126,353
Cencora Inc	42,889	40,667
Cheniere Energy Inc	43,211	54,147
Chevron Corp	110,357	102,402
Chubb Limited	73,708	83,995
Cme Group, Inc	79,561	88,944
Colgate-Palmolive Company	89,050	105,365
Conocophillips	32,130	38,379
Constellation Energy Group Inc	62,114	66,666
Costar Group, Inc	16,486	16,036
Costco Wholesale Corporation	64,576	130,110
Crown Castle Intl	120,186	102,377
Dell Technologies Inc Class C	62,181	65,111
Eaton Corp Plc	85,720	77,658
Eli Lilly & Co	98,049	125,064
Entergy Corp	56,676	65,660
Exxon Mobil Corp	249,730	276,778
Ferrari Nv	49,640	65,850
Franklin Ftse Canada ETF	115,485	136,811
Franklin Ftse Japan ETF	282,033	310,047
Franklin Ftse Latin America ETF	20,780	18,115
Franklin Ftse United Kingdom ETF	266,951	301,211
Freeport-Mcmoran Copper & Gold Inc	56,569	41,698
Gartner Inc	4,757	15,988
Gen Dynamics Cp	84,862	75,358
Goldman Sachs Group	150,798	205,571
Hilton Worldwide Holdings, Inc	37,052	65,250
Home Depot Inc	218,148	280,462
Honeywell Intl	239,202	274,456
Howmet Aerospace Ord Shs	38,693	61,685
Intercontinental Exchange, Inc	64,586	62,882
Invesco Emerging Markets Sovereign Debt ETF	60,516	66,674
Invesco Preferred ETF	51,176	44,529
Ishare Msci Emu Indx	186,313	190,924
Ishare Msci Sweden	17,164	16,164
Ishares 20+ Yr Treas Bd	158,836	142,697
Ishares Barclays Mbs Bond Fund	651,914	588,311
Ishares Barclays Tips Bond Fund	121,672	112,517
Ishares Core Msci Emerging Markets	154,642	148,775
Ishares Iboxx $ Investment Grade Corporate Bond Fd	243,898	224,471
Ishares Inc Msci Switzerland Index Fd	48,377	49,545
Ishares Msci Emerging Markets Minimum Volatility Index Fund	29,182	30,097
Ishares Short Maturity Bond ETF	22,256	22,776
Johnson & Johnson	200,731	179,907
Johnson Controls International Plc	60,010	62,591
JP Morgan Chase	190,462	364,119
JP Morgan Betabuilders Developed Asiaex Japan ETF	462,477	438,310
Kenvue Inc	18,707	19,770
M&T Bank Corp	84,573	92,125
Market Vectors ETF Tr Fallen Angel Usd	21,831	22,535
Martin Marietta Matls Inc	44,604	38,738
Mastercard Inc	36,779	56,870
Mcdonald'S Corp	124,906	131,610
Merck & Co Inc	86,555	74,510
Microsoft Corp	289,773	467,444
Msci Inc	35,860	40,800
Netflix Inc	49,285	121,220
Nextera Energy, Inc	77,775	79,719
Northrop Grumman Corp	77,273	77,433
Novo Nordisk A S	17,937	16,688
Nvidia Corp	106,481	221,847
Oracle Corp	53,650	59,490
Palo Alto Networks Inc	40,141	65,870
Parker Hannifin Cp	63,223	121,482
Paycom Software	19,000	20,292
Procter Gamble Co	178,432	195,145
Progressive Corp Ohio	40,481	82,426
Prologis	199,133	172,502
Ross Stores, Inc	60,282	71,550
S&P Global Inc Com	90,007	109,567
Sch St Us Trsr ETF	338,862	329,380
Schlumberger Ltd	94,612	77,293
Sempra Energy Com	82,684	98,159
Service Now	74,235	144,176
Sherwin-Williams Co	127,602	149,909
Shopify Inc	35,135	56,568
Spdr Barclays Capital 1-3 Month T-Bill	21,071	21,029
Starbucks Corp Com	76,604	77,836
Tesla Motors Inc	21,935	52,499
Thermo Fisher Scientific Inc	47,390	44,220
T-Mobile Us Inc	74,057	106,392
Union Pacific	41,615	42,872
United Rentals Inc	25,388	37,335
Unitedhealth Group Inc	109,938	132,029
Vanguard Govt Bond ETF Intermediate Term	136,270	135,836
Vanguard Intermediate Term Corp Bond ETF	63,802	67,748
Vanguard Short Term Corporate Bond ETF	201,192	204,698
Vanguard Small-Cap Growth ETF	271,277	328,790
Vanguard Small-Cap Value ETF	377,701	430,050
Vanguard Total Intl Bd Idx ETF	297,012	291,308
Virtus Emerging Markets Oppts Cl I	167,993	110,384
Virtus Sga Intl Growth Cl I	553,499	356,377
Visa Inc	132,246	201,317
Wal-Mart Stores Inc	72,326	136,790
Welltower Inc.	39,857	60,116
Western Digital Corp	64,166	62,075
Workday Inc	29,031	33,286
Zoetis Inc	90,887	101,180

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

Ippolito Charitable Foundation

of Galveston

EIN:

76-0671962

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Hometown Bank	AT COST	121,000	441,650
Ironwood Multi-Strategy LLC	AT COST	900,000	1,013,430
True Wealth Ventures Fund I, LP	AT COST	181,885	130,990
True Wealth Ventures Fund II, LP	AT COST	66,243	59,980

- TIN:

TY 2024 LegalFeesSchedule

Name:

Ippolito Charitable Foundation

of Galveston

EIN:

76-0671962

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
General governance and counsel	10,916	0		10,916

- TIN:

TY 2024 OtherExpensesSchedule

Name:

Ippolito Charitable Foundation

of Galveston

EIN:

76-0671962

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative fees	14,661	0	14,661
Bank fees	301	301	0
Website hosting and support	664	0	664
K-1 passthrough expenses	14,845	14,845	0
Office expenses	48	0	48

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

Ippolito Charitable Foundation

of Galveston

EIN:

76-0671962

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
K-1 Passthrough income	4,082	4,082	4,082

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

Ippolito Charitable Foundation

of Galveston

EIN:

76-0671962

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment management fees	5,623	5,623		0
Philanthropic consulting services	6,023	0		6,023

- TIN:

TY 2024 TaxesSchedule

Name:

Ippolito Charitable Foundation

of Galveston

EIN:

76-0671962

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Foreign taxes	32	32		0