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
LILLIS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)221 WILCOX STREET 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CASTLE ROCK, CO80104
A Employer identification number

91-6520620
B Telephone number (see instructions)

(303) 395-2633
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$12,020,427J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 4,560 4,560  
4 Dividends and interest from securities... 102,558 124,464  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 201,900
b Gross sales price for all assets on line 6a 756,743
7 Capital gain net income (from Part IV, line 2)... 241,013
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)....... Click to see attachment
List of Attached Documents:
// Content
1,500 4,709  
12 Total. Add lines 1 through 11........ 310,518 374,746  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,000 0   75,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 6,046 0   6,046
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
17,776 0   17,776
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
63,751 24,927   38,824
17 Interest...............   1,387    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,517 1,517   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 8,447 0   8,447
22 Printing and publications.......... 292 0   292
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,008 23,863   26,821
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 199,837 51,694   173,206
25 Contributions, gifts, grants paid....... 371,583 371,583
26 Total expenses and disbursements. Add lines 24 and 25 571,420 51,694   544,789
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -260,902
b Net investment income (if negative, enter -0-) 323,052
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............. 116 116 116
2 Savings and temporary cash investments......... 279,291 257,911 257,911
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,643,003 Click to see attachment
List of Attached Documents:
// Content
2,450,067 		7,505,200
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,496,073 Click to see attachment
List of Attached Documents:
// Content
2,449,487 		4,257,200
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,418,483 5,157,581 12,020,427
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 5,418,483 5,157,581
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)..... 5,418,483 5,157,581
30 Total liabilities and net assets/fund balances (see instructions). 5,418,483 5,157,581
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
5,418,483
2
Enter amount from Part I, line 27a .....................
2
-260,902
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,157,581
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
5,157,581
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 SALE OF PUBLICLY TRADED SECURITIES P    
b ARES HIGH INCOME CREDIT OPP. FD LP P    
c FTV IV, L.P. P    
d FTV VI, L.P. P    
e FTV VII, L.P. P    
BLUE OWL REAL ESTATE FUND V LP P    
(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 756,743   598,115 158,628
b       3
c       23,951
d       63,505
e       -5,262
      188
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       158,628
b       3
c       23,951
d       63,505
e       -5,262
      188
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 2 241,013
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 4,490
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 4,490
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 4,490
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 9,426
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 9,426
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 4,936
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow4,936 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 arrowCO
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.LILLISFOUNDATION.ORG
14
The books are in care ofright arrowTHE LILLIS FOUNDATION Telephone no.right arrow (303) 395-2633

Located atright arrow221 WILCOX ST STE 201CASTLE ROCKCO ZIP+4right arrow80104
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
GWENDOLYN H LILLIS TRUSTEE
20.00 		0 0 0
221 WILCOX ST STE 201
CASTLE ROCK,CO80104
CHARLES M LILLIS TRUSTEE (PASSED ON 9/10/24)
2.00 		0 0 0
221 WILCOX ST STE 201
CASTLE ROCK,CO80104
JESSICA L ISAACS TRUSTEE
10.00 		0 0 0
221 WILCOX ST STE 201
CASTLE ROCK,CO80104
LORI L HOFF TRUSTEE
20.00 		0 0 0
221 WILCOX ST STE 201
CASTLE ROCK,CO80104
TIMOTHY S LILLIS TRUSTEE
2.00 		0 0 0
221 WILCOX ST STE 201
CASTLE ROCK,CO80104
CARRIE C KNOX TRUSTEE/EXECUTIVE DIRECTOR
30.00 		75,000 0 0
221 WILCOX ST STE 201
CASTLE ROCK,CO80104
GENEVA IRENE LILLIS JUNIOR TRUSTEE
2.00 		0 0 0
221 WILCOX ST STE 201
CASTLE ROCK,CO80104
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 THE FOUNDATION PROVIDES FOOD, CLOTHING AND EDUCATIONAL ITEMS FOR NEEDY SENIORS, SINGLE PARENTS AND FAMILIES. 3,711
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
11,357,214
b
Average of monthly cash balances.......................
1b
260,948
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
11,618,162
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
11,618,162
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
174,272
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
11,443,890
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
572,195
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
572,195
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,490
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,490
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
567,705
4
Recoveries of amounts treated as qualifying distributions................
4
1,500
5
Add lines 3 and 4............................
5
569,205
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
569,205
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
544,789
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
544,789
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 7 569,205
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 486,049
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......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 544,789
a Applied to 2023, but not more than line 2a 486,049
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 58,740
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		510,465
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 ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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).)
GWENDOLYN H LILLIS
CHARLES M LILLIS
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

A LITTLE HELP

2755 S LOCUST STREET SUITE 220
DENVER,CO80222 		N/A PC GRANT - MENTAL HEALTH PROGRAM 7,500

AGING RESOURCES OF DOUGLAS COUNTY

104 FOURTH STREET
CASTLE ROCK,CO80104 		N/A PC DISCRETIONARY GRANT - LORI HOFF (GENERAL OPERATING) 2,000

AGING RESOURCES OF DOUGLAS COUNTY

104 FOURTH STREET
CASTLE ROCK,CO80104 		N/A PC GRANT - COMPANION PROGRAM 5,000

ANCHOR CENTER FOR THE BLIND

2550 ROSYLN STREET
DENVER,CO80238 		N/A PC DISCRETIONARY GRANT - GWEN LILLIS (GENERAL OPERATING) 1,500

ANGEL EYES CHILD LOSS AND GRIEF SUPPORT

422 21ST STREET UNITS 4 5
DENVER,CO80205 		N/A PC DISCRETIONARY GRANT - CARRIE KNOX (GENERAL OPERATING) 1,500
ARAPAHOE COMMUNITY COLLEGE


5900 SOUTH SANTA FE DRIVE CASHIER
CAMPUS BOX 12
LITTLETON,CO80160 		NONE I SCHOLARSHIP GRANT - ABBY SAWICKI 2,000
ARIZONA STATE UNIVERSITY


PO BOX 870412
TEMPE,AZ852870412 		NONE I SCHOLARSHIP GRANT - CARLOS PALOMERA 4,000
BAYLOR UNIVERSITY


STUDENT ACCOUNTS ONE BEAR PLACE
97048
WACO,TX767987048 		NONE I SCHOLARSHIP GRANT - GRACE WHITAKER 2,750
BELMONT UNIVERSITY


STUDENT FINANCIAL SERVICES 1900
BELMONT BLVD
NASHVILLE,TN37212 		NONE I SCHOLARSHIP GRANT - NOELLE MARTIN 8,000
BLACK HILLS STATE UNIVERSITY


1200 UNIVERSITY STREET UNIT 9670
SPEARFISH,SD577999670 		NONE I SCHOLARSHIP GRANT - LIDDY DAY 1,000
BLACK HILLS STATE UNIVERSITY


1200 UNIVERSITY STREET UNIT 9670
SPEARFISH,SD577999670 		NONE I SCHOLARSHIP GRANT - LIDDY DAY 2,000

BRENTS PLACE

11980 E 16TH AVE
AURORA,CO80010 		N/A PC GRANT - BRENTS PLACE - THERAPEUTIC TREATMENT (ARTS AND CRAFTS) 5,000

CANOPY VILLAGE YOUTH AND FAMILY SERVICES

1350 W HANLEY AVENUE
COEUR DALENE,ID83815 		N/A PC DISCRETIONARY GRANT - TIM LILLIS (GENERAL OPERATING) 2,000

CHILDREN'S HOSPITAL COLORADO FOUNDATION

13123 EAST 16TH AVENUE
AURORA,CO80045 		N/A PC DISCRETIONARY GRANT - JESSICA ISAACS (GENERAL OPERATING) 1,250

CHILDREN'S LITERACY CENTER

2928 STRAUS LANE SUITE 100
COLORADO SPRINGS,CO80907 		N/A PC DISCRETIONARY GRANT - GWEN LILLIS (GENERAL OPERATING) 1,000

CLOTHES TO KIDS OF DENVER

2890 S COLORADO BLVD
DENVER,CO80222 		N/A PC GRANT - WARDROBE PROGRAM 10,000
COLORADO COLLEGE


14 E CACHE LA PUDRE STREET
COLORADO SPRINGS,CO80903 		NONE I SCHOLARSHIP GRANT - CHRISTOPHER HECKENKAMP 4,000
COLORADO MESA UNIVERSITY


1100 NORTH AVENUE
GRAND JUNCTION,CO81501 		NONE I SCHOLARSHIP GRANT - BROOKLYNN MILLIUS 500
COLORADO MESA UNIVERSITY


1100 NORTH AVENUE
GRAND JUNCTION,CO81501 		NONE I SCHOLARSHIP GRANT - CINTIA CORNEJO-MARTINEZ 5,250
COLORADO MESA UNIVERSITY


1100 NORTH AVENUE
GRAND JUNCTION,CO81501 		NONE I SCHOLARSHIP GRANT - GRACE GOODLAND 2,000
COLORADO MESA UNIVERSITY


1100 NORTH AVENUE
GRAND JUNCTION,CO81501 		NONE I SCHOLARSHIP GRANT - JACOBI KEEFE 4,000

COLORADO PET PANTRY

PO BOX 323
BOULDER,CO80306 		N/A PC DISCRETIONARY GRANT - GWEN LILLIS (GENERAL OPERATING) 1,000
COLORADO SCHOOL OF MINES


1200 16TH STREET
GOLDEN,CO80401 		NONE I SCHOLARSHIP GRANT - GABRIELLE D'HAILLECOURT 2,000
COLORADO SCHOOL OF MINES


1200 16TH STREET
GOLDEN,CO80401 		NONE I SCHOLARSHIP GRANT - PRASANGA BARAKOTI 500
COLORADO SCHOOL OF MINES


1200 16TH STREET
GOLDEN,CO80401 		NONE I SCHOLARSHIP GRANT - WILLIE GOULD 8,000
COLORADO STATE UNIVERSITY


STUDENT FINANCIAL SERVICES 1065
CAMPUS DELIVERY
FORT COLLINS,CO805231065 		NONE I SCHOLARSHIP GRANT - ALIZA BOKAL 500
COLORADO STATE UNIVERSITY


STUDENT FINANCIAL SERVICES 1065
CAMPUS DELIVERY
FORT COLLINS,CO805231065 		NONE I SCHOLARSHIP GRANT - BEN ELICK 2,000
COLORADO STATE UNIVERSITY


STUDENT FINANCIAL SERVICES 1065
CAMPUS DELIVERY
FORT COLLINS,CO805231065 		NONE I SCHOLARSHIP GRANT - GENEVIEVE DE LONG 1,500
COLORADO STATE UNIVERSITY


STUDENT FINANCIAL SERVICES 1065
CAMPUS DELIVERY
FORT COLLINS,CO805231065 		NONE I SCHOLARSHIP GRANT - JOSEPHINE HEANEY 500
COLORADO STATE UNIVERSITY


STUDENT FINANCIAL SERVICES 1065
CAMPUS DELIVERY
FORT COLLINS,CO805231065 		NONE I SCHOLARSHIP GRANT - VALERIE GOODLAND 2,500

COLORADO WOMEN'S EDUCATION FOUNDATION

PO BOX 1189
BOULDER,CO80306 		N/A PC DISCRETIONARY GRANT - CARRIE KNOX (GENERAL OPERATING) 1,250

COLORADO WOMEN'S EDUCATION FOUNDATION

PO BOX 1189
BOULDER,CO80306 		N/A PC GRANT - COLORADO WOMEN'S EDUCATION FOUNDATION - MENTORING PROGRAM FOR GRADUATES 15,000

COMPASS MONTESSORI EDUCATION FOUNDATION

4441 SALVIA ST
GOLDEN,CO80403 		N/A PC DISCRETIONARY GRANT - TIM LILLIS (GENERAL OPERATING) 2,500

DENVER ASSET BUILDING COALITION

2475 W 26TH AVE
DENVER,CO80211 		N/A PC GRANT - DENVER ASSET BUILDING COALITION - VOLUNTEER TAX PREPARATION SERVICES 10,000
DOANE UNIVERSITY


1014 BOSWELL AVENUE
CRETE,NE68333 		NONE I SCHOLARSHIP GRANT - WHITNEY WALTER 4,500

EDUCATION THROUGH MUSIC COLORADO

618 SOUTH PONTIAC STREET
DENVER,CO80224 		N/A PC GRANT - EDUCATION THROUGH MUSIC -EXPAND MUSIC INSTRUCTION TO FINANCIALLY CONSTRAINED SCHOOLS 10,000

EXPONENT PHILANTHROPY

PO BOX 65607
WASHINGTON,DC20035 		N/A PC ANNUAL MEMBERSHIP DUES 1,000

FOLDS OF HONOR FOUNDATION

DEPARTMENT 13
TULSA,OK74182 		N/A PC DISCRETIONARY GRANT - GWEN LILLIS (GENERAL OPERATING) 1,000

FRIENDS FOUNDATION DENVER PUBLIC LIBRARY

10 WEST 14TH AVENUE PKWY
DENVER,CO80204 		N/A PC DENVER PUBLIC LIBRARY MOBILE OUTREACH SERVICES 10,000
GNOMON SCHOOL OF VISUAL EFFECTS


1015 NORTH CAHUENGA BLVD
LOS ANGELES,CA90038 		NONE I SCHOLARSHIP GRANT - CONLEN BREHENY 3,333

HABITAT FOR HUMANITY OF PUEBLO

2313 SOUTH PRAIRIE AVENUE
PUEBLO,CO81005 		N/A PC GRANT - RAMP UP! PROGRAM 10,000

HANDS OF THE CARPENTER AUTOMOTIVE REPAIR

16097 SOUTH GOLDEN ROAD
GOLDEN,CO80401 		N/A PC DISCRETIONARY GRANT - JESSICA ISAACS (GENERAL OPERATING) 1,250

HANDS OF THE CARPENTER AUTOMOTIVE REPAIR

16097 SOUTH GOLDEN ROAD
GOLDEN,CO80401 		N/A PC GRANT -HANDS OF THE CARPENTER AUTOMOTIVE REPAIR (APPRENTICE PROGRAM) 15,000

HARMONY EQUINE CENTER DENVER DUMB FRIENDS LEAGUE

2080 S QUEBEC STREET
DENVER,CO802313298 		N/A PC DISCRETIONARY GRANT - JESSICA ISAACS (GENERAL OPERATING) 2,000
INDIANA UNIVERSITY


OFFICE OF FINANCIAL AID 107 SOUTH
INDIANA AVENUE
BLOOMINGTON,IN474057000 		NONE I SCHOLARSHIP GRANT - SPENCER HODAS 500

KNOCK KNOCK ANGELS

10479 SIERRA RIDGE DR
PARKER,CO80134 		N/A PC DISCRETIONARY GRANT - LORI HOFF (GENERAL OPERATING) 2,000
LAGUNA COLLEGE OF ART AND DESIGN


2222 LAGUNA CANYON ROAD
LAGUNA BEACH,CA92651 		NONE I SCHOLARSHIP GRANT - NOAM EGAN 9,000
LEWIS CLARK FINANCIAL AID


615 S PALATINE HILL ROAD MSC 56
PORTLAND,OR97219 		NONE I SCHOLARSHIP GRANT - BODE DALTON 2,500

LITERACY OUTREACH OF GARFIELD COUNTY

1127 SCHOOL STREET
GLENWOOD SPRINGS,CO81601 		N/A PC DISCRETIONARY GRANT - GWEN LILLIS (GENERAL OPERATING) 1,000

LITERACY OUTREACH OF GARFIELD COUNTY

1127 SCHOOL STREET
GLENWOOD SPRINGS,CO81601 		N/A PC DISCRETIONARY GRANT - TIM LILLIS (GENERAL OPERATING) 1,500

LITTLETON HIGH SCHOOL

199 EAST LITTLETON BLVD
LITTLETON,CO80121 		N/A PC LITTLETON HIGH SCHOOL (SAF RENEWAL 2024-25) 7,000

LONE TREE ARTS CENTER

10075 COMMONS STREET
LONE TREE,CO80124 		N/A PC GRANT -LONE TREE ARTS CENTER PROGRAMS FOR OLDER ADULTS AND THEIR CAREGIVERS 5,000

NEIGHBOR 2 NEIGHBOR

1550 BLUE SPRUCE DR
FORT COLLINS,CO80524 		N/A PC GRANT - HOMESHARE PROGRAM 3,500
NORTHEASTERN JUNIOR COLLEGE


OFFICE OF FINANCIAL AID 1000
COLLEGE AVE
STERLING,CO80751 		NONE I SCHOLARSHIP GRANT - DAVID AVERY 750

OLIVER PATCH PROJECT

6505 SW 55TH LANE
MIAMI,FL33155 		N/A PC DISCRETIONARY GRANT - LORI HOFF (GENERAL OPERATING) 1,500
OREGON STATE UNIVERSITY


STUDENT ACCOUNTS PO BOX 1086
CORVALLIS,OR97339 		NONE I SCHOLARSHIP GRANT - ROMAN WHITE 2,500

PAWS FOR PURPLE HEARTS

5860 LABATH AVENUE SUITE A
ROHNERT,CA94928 		N/A PC DISCRETIONARY GRANT - GWEN LILLIS (GENERAL OPERATING) 1,000
PRINCETON UNIVERSITY


PO BOX 7780-4716
PHILADELPHIA,PA191824716 		NONE I SCHOLARSHIP GRANT - EMILIA PICKERILL 7,000
REGIS UNIVERSITY


SCHOLARSHIP OFFICE 3333 REGIS
BOULEVARD A-8
DENVER,CO802211099 		NONE I SCHOLARSHIP GRANT - RYLEE LUNDGREN 8,000

RESILIENCE 1220

PO BOX 2041
EVERGREEN,CO80439 		N/A PC DISCRETIONARY GRANT - CARRIE KNOX (GENERAL OPERATING) 1,250

ROBBIE'S HOPE

3441 YOUNGFIELD ST SUITE 267
WHEAT RIDGE,CO80033 		N/A PC DISCRETIONARY GRANT - GENEVA LILLIS (GENERAL OPERATING) 1,750

ROBBIE'S HOPE

3441 YOUNGFIELD ST SUITE 267
WHEAT RIDGE,CO80033 		N/A PC DISCRETIONARY GRANT - TIM LILLIS (GENERAL OPERATING) 1,500

SLOPPY KISSES ANIMAL RESCUE

7425 S COUNTY RD 129
BENNETT,CO80102 		N/A PC DISCRETIONARY GRANT - CARRIE KNOX (GENERAL OPERATING) 1,500
STETSON UNIVERSITY


421 NORTH WOODLAND BLVD UNIT 8348
DELAND,FL32723 		NONE I SCHOLARSHIP GRANT - MARVEL OLSON 8,000
STUDENT ACCOUNTS OREGON STATE UNIVE


PO BOX 1087
CORVALLIS,OR97340 		NONE I SCHOLARSHIP GRANT - ELLIE VANGORDER 2,667

TEROLYN HORSE RESCUE

47480 CO RD 29
ELIZABETH,CO80107 		N/A PC DISCRETIONARY GRANT - JESSICA ISAACS (GENERAL OPERATING) 1,000

THE BLUE BENCH

PO BOX 18951
DENVER,CO80218 		N/A PC DISCRETIONARY GRANT - GENEVA LILLIS (GENERAL OPERATING) 2,000

THE LIMB PRESERVATION FOUNDATION

POBOX 270530
LITTLETON,CO80127 		N/A PC DISCRETIONARY GRANT - CARRIE KNOX (GENERAL OPERATING) 2,000
THE REGENT OF UNIVERSITY OF COLORAD


13120 E 19THAVE ROOM 3120A
AURORA,CO80045 		NONE I SCHOLARSHIP GRANT - BAILEY WALTERS 500

TRI-LAKES CARES

PO BOX 1301
MONUMENT,CO80132 		N/A PC GRANT - FOOD PANTRY 5,000
UI SERVICE CENTER - UNIVERSITY BILL


2700 UNIVERSITY CAPITOL CENTRE
IOWA CITY,IA52242 		NONE I SCHOLARSHIP GRANT - LYNDSEY MEKELBERG 7,500
UNC - CHAPEL HILLS


450 RIDGE RD SUITE 2215 CB 1400
CHAPEL HILL,NC275991400 		NONE I SCHOLARSHIP GRANT - SONRISA SCOTT 6,000
UNIV OF CO BOULDER SCHOLARSHIP SERV


77UCB
BOULDER,CO803090077 		NONE I SCHOLARSHIP GRANT - ADRIONA SALGADO 500
UNIV OF CO BOULDER SCHOLARSHIP SERV


77UCB
BOULDER,CO803090077 		NONE I SCHOLARSHIP GRANT - ALOUKIKA PATRO 5,000
UNIV OF CO BOULDER SCHOLARSHIP SERV


77UCB
BOULDER,CO803090077 		NONE I SCHOLARSHIP GRANT - HALEY RAUE 4,000
UNIV OF CO -COLORADO SPRINGS - OFFI


CRAGMOR HALL 201 -1420 AUSTIN
BLUFFS PKWY
COLORADO SPRINGS,CO80918 		NONE I SCHOLARSHIP GRANT - CATALINA CLAY 500
UNIV OF CO -COLORADO SPRINGS - OFFI


CRAGMOR HALL 201 -1420 AUSTIN
BLUFFS PKWY
COLORADO SPRINGS,CO80918 		NONE I SCHOLARSHIP GRANT - DANIELLE MARCOJOS 500
UNIV OF CO -COLORADO SPRINGS - OFFI


CRAGMOR HALL 201 -1420 AUSTIN
BLUFFS PKWY
COLORADO SPRINGS,CO80918 		NONE I SCHOLARSHIP GRANT - DENZEL DELMASTRO 4,000
UNIV OF CO -COLORADO SPRINGS - OFFI


CRAGMOR HALL 201 -1420 AUSTIN
BLUFFS PKWY
COLORADO SPRINGS,CO80918 		NONE I SCHOLARSHIP GRANT - JAZLYNN ROLISON 1,250
UNIV OF CO -COLORADO SPRINGS - OFFI


CRAGMOR HALL 201 -1420 AUSTIN
BLUFFS PKWY
COLORADO SPRINGS,CO80918 		NONE I SCHOLARSHIP GRANT - MONICA DIHN 500
UNIVERSITY OF ARIZONA


ADMIN BLDG ROOM 208 PO BOX 210066
TUCSON,AZ857210066 		NONE I SCHOLARSHIP GRANT - SHAE HENLEY 2,000
UNIVERSITY OF CALIFORNIA IRVINE


228 ALDRICH HALL
IRVINE,CA926971975 		NONE I SCHOLARSHIP GRANT - BRANDON DANG 7,333
UNIVERSITY OF COLORADO AT BOULDER


SCHOLARSHIP SERVICES 77 UCB
BOULDER,CO803090077 		NONE I SCHOLARSHIP GRANT - ISABEL FLENARD 4,500
UNIVERSITY OF COLORADO AT CO SPRING


1420 AUSTIN BLUFFS PARKWAY
COLORADO SPRINGS,CO809183733 		NONE I SCHOLARSHIP GRANT - MONICA DIHN 2,000
UNIVERSITY OF KANSAS


1502 IOWA STREET
LAWRENCE,KS66045 		NONE I SCHOLARSHIP GRANT - TAYLOR ANDRESEN 3,000
UNIVERSITY OF MONTANA


FINANCIAL AID OFFICE 32 CAMPUS
DRIVE
MISSOULA,MA59812 		NONE I SCHOLARSHIP GRANT - EMMA FISHER 3,000
UNIVERSITY OF NEBRASKA AT LINCOLN


17 CANFIELD ADMINISRATION BLDG 501
NORTH 14TH STREET
LINCOLN,NE68508 		NONE I SCHOLARSHIP GRANT - KADEN HARENS 500
UNIVERSITY OF NEBRASKA AT LINCOLN


17 CANFIELD ADMINISTRATION BLDG 501
NORTH 14TH STREET
LINCOLN,NE68508 		NONE I SCHOLARSHIP GRANT - KIERRA EHNES 2,500
UNIVERSITY OF NEBRASKA AT LINCOLN


17 CANFIELD ADMINISTRATION BLDG 501
NORTH 14TH STREET
LINCOLN,NE68508 		NONE I SCHOLARSHIP GRANT - LOGAN EDSON 4,500
UNIVERSITY OF NEW HAVEN


ONE STOP C/O BURSARS OFFICE 300
BOSTON POST ROAD
WEST HAVEN,CT06516 		NONE I SCHOLARSHIP GRANT - GENEVIEVE DE LONG 1,500
UNIVERSITY OF NORTHERN COLORADO


CASHIERS OFFICE CAMPUS BOX 14
GREELEY,CO80639 		NONE I SCHOLARSHIP GRANT - BROOKE POGORELEC 7,500

UNIVERSITY OF PUGET SOUND

1500 N WARREN ST 1067
TACOMA,WA984161056 		N/A PC DISCRETIONARY GRANT - JESSICA ISAACS (GENERAL OPERATING) 3,000
UNIVERSITY OF WYOMING


1000 EAST UNIVERSITY AVE DEPARTMENT
3335
LARAMIE,WY820713335 		NONE I SCHOLARSHIP GRANT - RYLIE INGRAM 9,000
UTAH STATE UNIVERSITY


1600 OLD MAIN HILL
LOGAN,UT843221600 		NONE I SCHOLARSHIP GRANT - KIMBERLY GUERRERO 7,500

WELLSPRING COMMUNITY

826 PARK STREET
CASTLE ROCK,CO80109 		N/A PC GRANT - WELLSPRING COMMUNITY (WAGE PROGRAM) 10,000
WEST TEXAS AM UNIVERSITY


ACCOUNTING BUSINESS OFFICE WT BOX
60999
CANYON,TX79016 		NONE I SCHOLARSHIP GRANT - JAYCI MEKELBURG 2,500
WEST VIRGINIA UNIVERSITY


WVU HUB EVANS DALE CROSSING ROOM
200 PO BOX 6004
MORGANTOWN,WV26506 		NONE I SCHOLARSHIP GRANT - SIERRA KEIF 8,000
WESTERN STATE COLORADO UNIVERSITY


1 WESTERN WAY
GUNNISON,CO81231 		NONE I SCHOLARSHIP GRANT - ABBY SAWICKI 500
WESTERN STATE COLORADO UNIVERSITY


1 WESTERN WAY
GUNNISON,CO81231 		NONE I SCHOLARSHIP GRANT - ABIGAIL GRIDLEY 500

WOMEN'S BEAN PROJECT

1300 W ALAMEDA AVENUE
DENVER,CO80223 		N/A PC DISCRETIONARY GRANT - LORI HOFF (GENERAL OPERATING) 2,000

YUMA HIGH SCHOOL

1000 S ALBANY
YUMA,CO80759 		N/A PC YUMA HIGH SCHOOL (SAF RENEWAL 2024-25) 3,000
Total .................................right arrow 3a 371,583
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 4,560  
4 Dividends and interest from securities ....     14 102,558  
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 ............ 		    18 201,900  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aGRANT REFUND 		    01 1,500  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 310,518 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
310,518
(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.
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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:
LILLIS FOUNDATION
EIN:
91-6520620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 14,897 0   14,897
ACCOUNTING SERVICES 2,879 0   2,879

TY 2024 AppliedToPriorYearElection
Name:
LILLIS FOUNDATION
EIN:
91-6520620
Election:
THE FOUNDATION IS MAKING AN ELECTION UNDER SECTION 53.4942(A)- 3(D)2 TO TREAT THE CURRENT YEAR DISTRIBUTION AS MADE OUT OF UNDISTRIBUTED INCOME FOR 2012.

TY 2024 InvestmentsCorpStockSchedule
Name:
LILLIS FOUNDATION
EIN:
91-6520620
Name of Stock End of Year Book Value End of Year Fair Market Value
VISA INC 835 SH 131,263 263,893
VERTEX PHARMACEUTICAL 290 SH 53,865 116,783
UNITEDHEALTH GRP INC 185 SH 101,584 93,584
TJX COMPANIES INC 3,825 SH 16,228 462,098
THERMO FISHER SCIENTIFIC 800 SH 68,770 416,184
TAIWAN SEMINCONDUCTOR MANUFACTURING 4,305 SH 115,696 850,194
STANDARD BIOTOOLS INC 111,634 SH 205,198 195,360
RTX CORP 870 SH 49,942 100,676
PEPSICO INC 380 SH 49,947 57,783
OLD DOMINION FREIGHT LIN 470 SH 100,359 82,908
NVIDIA CORP 7,600 SH 68,020 1,020,604
MICROSOFT CORP 835 SH 175,111 351,953
MERCK & CO, INC. 910 SH 79,652 90,527
MASTERCARD INC 490 SH 36,058 258,019
LOCKHEED MARTIN CORP 500 SH 40,254 242,970
LANDSTAR SYS INC 515 SH 100,113 88,508
ILLINOIS TOOL WORKS 805 SH 64,119 204,116
HONEYWELL INTL INC 1,170 SH 166,506 264,291
HOME DEPOT INC 575 SH 105,244 223,669
GENERAL DYNAMICS CO 400 SH 89,813 105,396
DANAHER CORP 2,085 SH 44,418 478,612
CUMMINS INC 950 SH 145,859 331,170
CATERPILLAR INC COM 345 SH 50,111 125,152
CANADIAN PACIFIC KANSAS CITY LIMITED 1,180 SH 94,113 85,396
APPLIED MATERIALS 859 SH 99,893 139,699
APPLE INC COM 1,415 SH 27,592 354,344
AMGEN INC 320 SH 65,175 83,405
AMAZON.COM INC 740 SH 28,817 162,349
ALPHABET INC CLASS C 480 SH 12,089 91,411
ALPHABET INC CLASS A 440 SH 11,148 83,292
ABBVIE INC 455 SH 53,110 80,854

TY 2024 InvestmentsOtherSchedule2
Name:
LILLIS FOUNDATION
EIN:
91-6520620
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SA ACQUISITIONS FUND AT COST 371,466 385,018
PE PREMIER VINTAGE SECONDARY STRATEGIES III OFFSHORE, L.P. AT COST 40,716 57,206
PE PREMIER OAKTREE SSF III OFFSHORE, L.P. AT COST 132,481 167,136
OAKTREE SSF FUND II, L.P. AT COST 162,963 419,808
BLUE OWL REAL ESTATE FUND VI AT COST 119,339 113,173
BLUE OWL REAL ESTATE FUND V AT COST 152,249 218,677
KWK PARTNERS OFFSHORE, LTD. - 231.28 SH. CLASS A SERIES 1 SHARES AT COST 200,000 597,008
GSO PRIVATE INVESTORS OFFSHORE II, LP CLASS B AT COST 18,240 17,052
GOLUB CAPITAL PARTNERS AT COST 78,639 315,037
FTV FUND VII, L.P AT COST 282,495 303,759
FTV FUND VI, L.P. AT COST 150,015 331,695
FTV FUND IV, L.P. AT COST 0 170,971
ESCALANTE LIFECYCLE FUND II AT COST 200,000 200,000
CK OPPORTUNITIES OFFSHORE FUND AT COST 209,082 312,498
BLACKSTONE REAL ESTATE INCOME TRUST INC CL S AT COST 231,338 475,592
ARROWMARK INCOME OPPORTUNITY FUND QP, LTD. - 200 CLASS A SERIES A-1 SHARES AT COST 100,464 172,570

TY 2024 OtherExpensesSchedule
Name:
LILLIS FOUNDATION
EIN:
91-6520620
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS 4,565 0   4,565
OFFICE SUPPLIES AND EXPENSES 4,432 0   4,432
POSTAGE 1,622 0   1,622
BANK FEES 193 0   193
DIRECT CHARITABLE ACTIVITIES 3,711 0   3,711
FURNITURE AND EQUIPMENT 6,235 0   6,235
INSURANCE 1,487 0   1,487
THRU SCHEDULE K-1S 0 23,676   0
PAYROLL PROCESSING FEES 4,476 0   4,476
WEBSITE DEVELOPMENT 100 0   100
OTHER INVESTMENT EXPENSES 175 175   0
ADR FEES 12 12   0


TY 2024 OtherIncomeSchedule2
Name:
LILLIS FOUNDATION
EIN:
91-6520620
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PORTFOLIO INCOME THRU K-1   4,709  
GRANT REFUND 1,500   1,500


TY 2024 OtherProfessionalFeesSchedule
Name:
LILLIS FOUNDATION
EIN:
91-6520620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
IT SUPPORT 26,892 0   26,892
ADMINISTRATION 11,932 0   11,932
INVESTMENT ADVISORY SERVICES 24,927 24,927   0


TY 2024 TaxesSchedule
Name:
LILLIS FOUNDATION
EIN:
91-6520620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 1,517 1,517   0