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
HARRIS & FRANCES BLOCK FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)491 ENNIS HILL ROAD
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARSHFIELD, VT05658
A Employer identification number

31-1784246
B Telephone number (see instructions)

(802) 426-3806
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$11,241,629
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 829 829  
4 Dividends and interest from securities... 327,670 327,670  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 297,274
b Gross sales price for all assets on line 6a 2,621,536
7 Capital gain net income (from Part IV, line 2)... 297,274
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)....... -8,706 -5,954  
12 Total. Add lines 1 through 11........ 617,067 619,819  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 164,461 58,891   105,570
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 8,200 8,200   0
c Other professional fees (attach schedule).... 111,105 60,101   51,004
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 27,290 14,877   6,000
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 406 0   406
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 37,343 16,360   20,554
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 348,805 158,429   183,534
25 Contributions, gifts, grants paid....... 686,520 686,520
26 Total expenses and disbursements. Add lines 24 and 25 1,035,325 158,429   870,054
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -418,258
b Net investment income (if negative, enter -0-) 461,390
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......... 2,115,426 637,849 637,849
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) 1,880,768 Click to see attachment
List of Attached Documents:
// Content
1,085,191
1,085,191
b Investments—corporate stock (attach schedule)....... 4,340,112 Click to see attachment
List of Attached Documents:
// Content
6,475,619
6,475,619
c Investments—corporate bonds (attach schedule)....... 1,409,517 Click to see attachment
List of Attached Documents:
// Content
1,889,639
1,889,639
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).......... 1,579,502 Click to see attachment
List of Attached Documents:
// Content
1,134,469
1,134,469
14 Land, buildings, and equipment: basis right arrow7,355
Less: accumulated depreciation (attach schedule) right arrow7,355      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
43,628
Click to see attachment
List of Attached Documents:
// Content
18,862
Click to see attachment
List of Attached Documents:
// Content
18,862
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,368,953 11,241,629 11,241,629
Liabilities 17 Accounts payable and accrued expenses.......... 31,241 3,710
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)......... 31,241 3,710
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........... 11,337,712 11,237,919
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 11,337,712 11,237,919
30 Total liabilities and net assets/fund balances (see instructions). 11,368,953 11,241,629
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
11,337,712
2
Enter amount from Part I, line 27a .....................
2
-418,258
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
318,465
4
Add lines 1, 2, and 3 ..........................
4
11,237,919
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
11,237,919
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      
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,618,400   2,324,262 294,138
b 3,136     3,136
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       294,138
b       3,136
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 297,274
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 6,413
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 6,413
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 6,413
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 11,134
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 11,134
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 4,721
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow4,721 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 arrowVT
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 arrowWWW.BLOCKFOUND.ORG
14
The books are in care ofright arrowALPINE FIVE LLC Telephone no.right arrow (802) 324-9270

Located atright arrow3133 JACARILLO TRAIL SOUTHLAKE TAHOECA ZIP+4right arrow96150
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
NANCY M SLUYS PRESIDENT
1.00
8,000 0 0
197 MINGLEWOOD RD
WESTFIELD,NC27053
ELIZABETH M CHODORKOFF EX. DIRECTOR & TREASURER
30.00
68,877 0 0
491 ENNIS HILL RD
MARSHFIELD,VT05658
REBECCA ROBINSON PROGRAM DIRECTOR & TRUSTEE
30.00
79,584 0 0
972 BEDFORD AVENUE
BROOKLYN,NY11205
LISA CHODORKOFF SECRETARY
1.00
8,000 0 0
OVERGADEN OVEN VANDET 60B 1TH
COPENHAGEN,COPENHAGEN  
DA
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
10,799,644
b
Average of monthly cash balances.......................
1b
226,674
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
11,026,318
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
11,026,318
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
165,395
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
10,860,923
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
543,046
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
543,046
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,413
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,413
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
536,633
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
536,633
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
536,633
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
870,054
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
870,054
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 7 536,633
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...... 121,213
b From 2020...... 111,378
c From 2021...... 140,656
d From 2022...... 343,554
e From 2023...... 302,532
f Total of lines 3a through e ........ 1,019,333
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 870,054
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..... 536,633
e Remaining amount distributed out of corpus 333,421
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 1,352,754
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) ...
121,213
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ......
1,231,541
10 Analysis of line 9:
a Excess from 2020.... 111,378
b Excess from 2021.... 140,656
c Excess from 2022.... 343,554
d Excess from 2023.... 302,532
e Excess from 2024.... 333,421
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

ADDISON COUNTY COMMUNITY ACTION GROUP

282 BOARDMAN ST SUITE 1A
MIDDLEBURY,VT05753
N/A PC FOR HEAT PUMP FOR HOPE FOOD SHELF 2,500

ASSOCIATION FOR THE PROTECTION OF THE ENO RIVER

4404 GUEST ROAD
DURHAM,NC27712
N/A PC ENVIRONMENTAL EDUCATION AND PROTECTION OF THE ENO RIVER 15,000

CAMP THORPE

PO BOX 82
BRANDON,VT05733
N/A PC FARM TO TABLE GARDENING PROGRAMMING 2,000

CENTER FOR AN AGRICULTURAL ECONOMY

PO BOX 422
HARDWICK,VT05843
N/A PC FOOD ACCESS AND FOOD SOVEREIGNTY 20,000

CENTER FOR CREATIVE AGING NC

2400 SUMMIT AVE
GREENSBORO,NC27405
N/A PC BRINGING GENERATIONS TOGETHER THROUGH ART, FOOD, AND FARMING 25,000

COMMUNITY RESILIENCE ORGANIZATIONS

175 SNOWBRIDGE ROAD
BARRE,VT05401
N/A PC ENVIRONMENTAL JUSTICE NETWORK 20,000

CONSERVATION LAW FOUNDATION

62 SUMMER STREET
BOSTON,MA02110
N/A PC SLINGSHOT GRANT AWARD; BUILDING COMMUNITY POWER FOR ENVIRONMENTAL JUSTICE IN VT. 25,000

FAIRBANKS MUSEUM AND PLANETARIUM

1302 MAIN STREET
ST JOHNSBURY,VT05819
N/A PC ENVIRONMENTAL EDUCATION PROGRAMMING AT THE METSINGER FOREST 26,520

FLORIDA SCHOOL FOR HOLISTIC LIVING

PO BOX 420
EAST BARRE,VT05649
N/A PC CHILDREN'S NATURE AFTER-SCHOOL PROGRAM 10,000

GOOD WORK INSTITUTE

65 SAINT JAMES STREET
KINGSTON,NY12401
N/A PC GENERAL SUPPORT FOR ROCK STEADY FARM 15,000

INSTITUTE FOR SOCIAL ECOLOGY

PO BOX 48
PLAINFIELD,VT05667
N/A PC POPULAR EDUCATION FOR RACIAL AND ENVIRONMENTAL JUSTICE 35,000

JAQUITH PUBLIC LIBRARY

122 SCHOOL STREET
MARSHFIELD,VT05658
N/A PC MARSHFIELD RESILIENCE HUB-FOOD SECURITY PROJECT 27,000

LIVING EARTH SCHOOL

PO BOX 686
CHARLOTTESVILLE,VA22902
N/A PC NATURE BASED EDUCATION FOR ALL 10,000

MERRYMAC FARM SANCTUARY

490 LIME KILN ROAD
CHARLOTTE,VT05401
N/A PC ANIMAL SANCTUARY 3,000

MIGRANT JUSTICE

294 N WINOOSKI AVE
BURLINGTON,VT05401
N/A PC HUMAN RIGHTS FOR IMMIGRANT FARMWORKERS PROJECT 30,000

MITCHELL GIVING GARDENS

PO BOX 356
SPRUCE PINE,NC28777
N/A PC FRESH FOOD FOR ALL 15,000

MONTPELIER PARKS AND TREES DEPARTMENT

39 MAIN STREET
MONTPELIER,VT05602
N/A GOV MONTPLIER COMMUNITY FEAST FARM PROJECT 30,000

MOUNTAIN SCHOOL AT WINHALL

9 SCHOOL STREET
WINHALL,VT05340
N/A PC ART, SCIENCE, AND THE ENVIRONMENT 3,000

MOVEMENT FOR JUSTICE IN EL BARRIO

575 FIFTH AVENUE 14TH FLOOR
NEW YORK,NY10017
N/A PC ENVIRONMENTAL JUSTICE AND IMMIGRATION 35,000

PARTNERSHIP FOR APPALACHIAN GIRLS' EDUCATION

177 BAILEYS BRANCH ROAD OFFICE 10
MARSHALL,NC28753
N/A PC EXPLORING APPALACHIAN ENVIRONMENTS - STEM LABS 25,000

PLANNED PARENTHOOD OF NNE

784 HERCULES DR ST 110
COLCHESTER,VT05446
N/A PC DELIVERING LIFE CHANGING CARE 25,000

PLANNED PARENTHOOD OF THE ROCKY MOUNTAINS

7155 EAST 38TH AVENUE
DENVER,CO80207
N/A PC ABORTION ACCESS FUND 25,000

PLANNED PARENTHOOD SOUTH ATLANTIC

3000 MAPLEWOOD AVE SUITE 112
WINSTONSALEM,NC28401
N/A PC CONSTITUENCY ORGANIZING PROGRAMS AT PPSAT 15,000

RESOURCE

329 HARVEST LN SUITE 200
WILLISTON,VT05495
N/A PC GREEN BUILDING & YOUTH CLIMATE WORKFORCE DEVELOPMENT TRAINING 10,000

RURAL VERMONT

46 EAST STATE STREET
MONTPELIER,VT05602
N/A PC FARM-BASED LIVELIHOOD. RESILIENT COMMUNITIES, AND HEALTHY FARM ECOSYSTEMS 25,000

SNACC INC

201 VERICK STREET 542
NEW YORK,NY10014
N/A PC FOOD EDUCATION IN NYC 25,000

SOCIAL GOOD FUND INC

PO BOX 5473
RICHMOND,CA94805
N/A PC PUBLIC POWER AND RENEWABLE ENRGY IN BROOKLYN 10,000

SOUTH VISION ALLIANCE

1803 CHAPEL HILL ROAD SUITE A
DURHAM,NC27707
N/A PC NOT ONE MORE LIFE PROJECT. MIGRANT FARMWORKER SUPPORT 25,000

SUPER HERO CLUBHOUSE

1716 CATON AVE
BROOKLYN,NY11226
N/A PC BIG GREEN THEATER 10,000

THE NORTH BRANCH NATURE CENTER

713 ELM STREET
MONTPELIER,VT05602
N/A PC NATURE BASED ENVIRONMENTAL EDUCATION & EQUITY 20,000

TINY SEED PROJECT

154 SILVER ROAD
EAST HARDWICK,VT05835
N/A PC UPPER VALLEY SUPER COMPOST PROJECT 25,000

TRANSPLANTING TRADITIONS COMMUNITY FOUNDATION

PO BOX 394
CARRBORO,NC27510
N/A PC TRANSPLANTING TRADITIONS REFUGEE YOUTH AND ADULTS 25,000

TRIAD PRIDE PERFORMING ARTS

200 N DAVIS STREET BOX 20
GREENSBORO,NC27401
N/A PC THEATER FOR ALL 2,500

UTOPEAN SEED PROJECT

243 HAYWOOD STREET
ASHEVILLE,NC28801
N/A PC FOOD AND ENVIRONMENTAL JUSTICE 25,000

VAN CORTLANDT PARK ALLIANCE

80 VAN CORTLANDT PARK SOUTH STE E1
BRONX,NY10463
N/A PC GARDEN TO MARKET INTERNSHIP PROGRAM 10,000

VPIRG

141 MAIN STREET 6
MONTPELIER,VT05602
N/A PC 2ND YEAR OF POLLINATOR COMPAIGN, ENVIRONMENT 20,000

WILLING HANDS ENTERPRISES

198 CHURCH STREET
NORWICH,VT05055
N/A PC FOOD RESCUE AND DISTRIBUTION TO NON-PROFITS 15,000
Total .................................right arrow 3a 686,520
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 ...........
    14 829  
4 Dividends and interest from securities ....     14 327,670  
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 ............
    18 297,274  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aORDINARY GAINS FROM PARTNERSHIP
110000 -2,752 01 -4,315  
bPARTNERSHIP RENTAL LOSSES 110000   01 -3,014  
cOTHER PERTNERSHIP GAINS 110000   01 1,375  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -2,752 619,819 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
617,067
(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:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 8,200 8,200   0

TY 2024 InvestmentsCorpBondsSchedule
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Name of Bond End of Year Book Value End of Year Fair Market Value
BLUE RIDGE DISCOVERY CENTER INC. 195,122 195,122
CALVERT IMPACT 5.0% 10/15/29 487,723 487,723
CALVERT IMPACT 5.0% 12/15/28 490,448 490,448
SELF-HELP FEDERAL CREDIT UNION 490,400 490,400
THE NATURE CONCERVANCY 225,946 225,946

TY 2024 InvestmentsCorpStockSchedule
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Name of Stock End of Year Book Value End of Year Fair Market Value
AGCO CORP 82,730 82,730
AMALGAMATED FINANCIAL CORPORATION 54,456 54,456
AMERESCO INC 38,578 38,578
AMERICAN WTR WKS CO INC 229,062 229,062
APPLE INC 247,665 247,665
ARISTA NETWORKS INC 128,215 128,215
ASML HOLDING NV 115,744 115,744
AUTOMATIC DATA PROCESSING 65,279 65,279
BEIERSDORF AG 127,100 127,100
BROADCOM INC 247,605 247,605
CAMDEN NATL CORP 170,960 170,960
CHECK PT SOFTWARE 224,040 224,040
CHIPOTLE MEXICAN GRILL 109,746 109,746
CISCO SYSTEMS INC. 133,200 133,200
COLUMBIA BOOKING SYS INC 82,570 82,570
COOPERATIVE REGIONS OF ORGANIC PRODUCER POOLS CL E 100,000 100,000
FEDERAL AGRI 4.875% PFD 184,775 184,775
FERGUSON ENTERPRISES INC 106,919 106,919
FIRST SOLAR 138,348 138,348
GSK PLC 286,963 286,963
HA SUSTAINABLE INFRASTRUCTURE 82,153 82,153
HENRY JACK & ASSOC INC 151,109 151,109
HIGH MOWING SEED COMPANY 100,011 100,011
HOLOGIC INC 103,305 103,305
HUBBELL INC 92,156 92,156
IBM CORP 337,439 337,439
KONINKLIJKE AHOLD N.V. 195,540 195,540
LULULEMON ATHLETICA INC 90,631 90,631
MCCORMICK & CO INC 154,310 154,310
NETFLIX INC 58,827 58,827
NOVENESIS AS 145,251 145,251
NVIDIA CORP 206,538 206,538
QUEST DIAGNOSTIC INC 95,796 95,796
ROSS STORES INC 105,586 105,586
S J W GROUP 147,660 147,660
SALESFORCE INC 133,732 133,732
SERVICENOW INC 143,116 143,116
SHIMANO INC 93,660 93,660
SMITH & NEPHEW GROUP 172,060 172,060
SPROUTS FARMERS MARKET 254,140 254,140
TAKEDA PHARMA COMPANY 211,840 211,840
TOTO LTD 65,302 65,302
UNILEVER PLC 162,899 162,899
UNITED PARCEL SERVICE INC 44,135 44,135
VEEVA SYS INC 119,422 119,422
VITAL FARMS INC 65,656 65,656
WABTEC 69,390 69,390

TY 2024 InvestmentsGovtObligationsSch
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
US Government Securities - End of Year Book Value:

1,085,191
US Government Securities - End of Year Fair Market Value:

1,085,191
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACK FARMER FUND INC FMV 100,000 100,000
IROQUOIS VALLEY FARMLAND REIT FMV 154,440 154,440
NORTHEAST KINGDOM TASTING CENTER FMV 40,036 40,036
OWEESTA CORPORATION FMV 100,000 100,000
REINVENTURE CAPITAL FUND I LP FMV 195,275 195,275
SAFER MADE LP FMV 51,614 51,614
SUN INITIATIVE FINANCING FMV 25,000 25,000
SUNWEALTH LOAN COMPANY FMV 100,000 100,000
THE LYME FOREST FUND IV TE LP FMV 43,092 43,092
THE LYME FOREST FUND V TE LP FMV 165,656 165,656
THE SKINNY PANCAKE FMV 50,000 50,000
VERMONT COMMUNITY LOAN FMV 70,000 70,000
VSJF FLEXIBLE CAPITAL FUND L3C FMV 39,356 39,356

TY 2024 OtherAssetsSchedule
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
EXCISE TAX REFUND RECEIVABLE 11,134 4,721 4,721
ACCRUED INVESTMENT INCOME 27,408 14,141 14,141
OTHER RECEIVABLES 5,086 0 0


TY 2024 OtherExpensesSchedule
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INFORMATION TECHNOLOGY 25,739 839   24,900
INSURANCE, NET -4,307 323   -4,630
OFFICE EXPENSES 382 125   257
OTHER INVESTMENT EXPENSES 15,502 15,073   0
MISCELLANEOUS 27 0   27


TY 2024 OtherIncomeSchedule2
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ORDINARY GAINS FROM PARTNERSHIP -7,067 -4,315 -7,067
PARTNERSHIP RENTAL LOSSES -3,014 -3,014 -3,014
OTHER PERTNERSHIP GAINS 1,375 1,375 1,375


TY 2024 OtherIncreasesSchedule
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Description Amount
UNREALIZED GAIN ON INVESTMENTS 318,465


TY 2024 OtherProfessionalFeesSchedule
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 59,670 59,670   0
PAYROLL PROCESSING FEES 875 263   612
CONSULTANTS 50,560 168   50,392


TY 2024 TaxesSchedule
Name:
HARRIS & FRANCES BLOCK FOUNDATION INC
EIN:
31-1784246
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 9,585 3,585   6,000
FOREIGN TAXES AND ADR FEES 11,292 11,292   0
FEDERAL EXCISE TAX 6,413 0   0