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
ACS Private Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

87-2642139
B Telephone number (see instructions)

(800) 839-1754
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$569,278J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 40 40  
4 Dividends and interest from securities... 7,949 7,949  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,651
b Gross sales price for all assets on line 6a 244,764
7 Capital gain net income (from Part IV, line 2)... 98,951
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
6,179    
12 Total. Add lines 1 through 11........ 15,819 106,940  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
6,072 6,072    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,284 284    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,079     6,079
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,417 72   9,345
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,852 6,428   15,424
25 Contributions, gifts, grants paid....... 6,000 6,000
26 Total expenses and disbursements. Add lines 24 and 25 28,852 6,428   21,424
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -13,033
b Net investment income (if negative, enter -0-) 100,512
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 8,404 16,216 16,216
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)....... 508,263 Click to see attachment
List of Attached Documents:
// Content
487,168 		553,062
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 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) 516,667 503,384 569,278
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 250 Click to see attachment
List of Attached Documents:
// Content
0
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 250 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 516,417 503,384
29 Total net assets or fund balances (see instructions)..... 516,417 503,384
30 Total liabilities and net assets/fund balances (see instructions). 516,667 503,384
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
516,417
2
Enter amount from Part I, line 27a .....................
2
-13,033
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
503,384
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
503,384
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
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 244,764   145,813 98,951
b
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       98,951
b
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 98,951
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 1,397
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  
3 Add lines 1 and 2........................... 3 1,397
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,397
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,100
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 400
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
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 10 103
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow103 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowDE
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
Jane Adams Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Tracy Adams Dir, Pres, Sec, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
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
547,037
b
Average of monthly cash balances.......................
1b
12,721
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
559,758
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
559,758
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
8,396
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
551,362
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
27,568
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
27,568
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,397
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,397
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
26,171
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
26,171
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
26,171
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
21,424
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
21,424
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 26,171
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 2,886
b Total for prior years:20 , 20, 20  
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 ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 21,424
a Applied to 2023, but not more than line 2a 2,886
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 18,538
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.    
(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 .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		7,633
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
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.... 0
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).)
Tracy Adams
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

Hopkinton High

90 HAYDEN ROWE ST
Hopkinton,MA01748 		N/A GOV STEM Scholarship to be chosen by science teachers 5,000

SIGMA KAPPA FOUNDATION INC

695 PRO MED LN STE 300
CARMEL,IN46032 		N/A PC Endowment of the Theta Lambda - Sherry Walker Scholarship Fund 1,000
Total .................................right arrow 3a 6,000
bApproved for future payment
Total ................................. right arrow 3b  
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 40  
4 Dividends and interest from securities ....     14 7,949  
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 1,651  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFederal Tax Refund 		    01 6,179  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   15,819  
13Total. Add line 12, columns (b), (d), and (e)..................
13
15,819
(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

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TY 2024 DepreciationSchedule
Name:
ACS Private Foundation
EIN:
87-2642139
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpStockSchedule
Name:
ACS Private Foundation
EIN:
87-2642139
Name of Stock End of Year Book Value End of Year Fair Market Value
AAON, INC 446 588
ACCENTURE PLC 2,215 2,814
ACUITY BRANDS INC 848 1,461
ADOBE SYSTEMS, INC 4,046 3,557
ADVANCED ENERGY IND INC 686 1,041
ADYEN N.V. 4,275 4,442
AES CORP 4,603 3,205
AIR LEASE CORP 674 820
ALBANY INTERNATIONAL CORP 889 880
ALEXANDRIA REAL ESTATE EQUITIE 1,073 683
ALIBABA GROUP HOLDING LTD 2,492 2,205
ALPHABET INC CL A 6,931 10,978
ALPHABET INC CL C 6,438 8,759
AMER INTERNATIONAL GROUP INC 2,222 2,548
AMERICAN EAGLES OUTFITTERS INC 1,333 1,050
AMERICAN TOWER REIT INC 7,723 6,785
AMPHENOL CORPORATION 3,336 4,792
APPLE INC 2,359 3,756
APPLIED MATERIALS INC 2,447 2,765
APTAR GROUP INC 1,266 1,257
ARHAUS INC 588 451
ASML HOLDING NV NY REG SHS 4,563 4,852
ATLASSIAN CORP CL A 2,723 3,407
ATMOS ENERGY CORP 728 836
AVNET INC 787 1,099
BALCHEM CORP 813 978
BANK OF AMERICA CORP 2,330 2,989
BANK OZK 1,010 1,069
BARRICK GOLD CORPORATION 3,094 1,969
BATH & BODY WORKS, INC 670 698
BECTON DICKINSON & CO 815 681
BEIGENE LTD 3,568 3,694
BELLRING BRANDS, INC 779 1,431
BERKSHIRE HATHAWAY INC. CLASS 4,401 5,893
BOEING CO 3,879 3,894
BOOZ ALLEN HAMILTON HOLDING CO 897 1,287
BORG WARNER INC 357 350
BRISTOL-MYERS SQUIBB CO 3,540 3,054
BROOKFIELD RENEWABLE CORP CL A 3,629 3,070
BROWN & BROWN INC 1,117 1,530
C H ROBINSON WORLDWIDE INC 2,150 2,170
CABOT CP 586 822
CASELLA WASTE SYSTEMS INC 1,275 1,376
CASEY'S GENERAL STORES, INC 1,279 1,585
CATERPILLAR INC 2,261 2,902
CBRE GROUP 1,131 1,707
CCC INTELLIGENT SOLUTIONS HOLD 1,046 1,079
CENTENE CORP 3,609 2,847
CERTARA 972 586
CHARLES RIV LABORATORIES INTL 1,035 738
CHEVRON CORP 2,904 2,607
CHURCH & DWIGHT 1,223 1,257
CIGNA CORPORATION 2,063 2,209
CISCO SYSTEMS INC 1,838 2,131
CITIGROUP INC 2,667 3,590
CLEARWATER ANALYTICS HOLDINGS, 750 1,211
COGNEX CORPORATION 3,909 3,586
COHEN & STEERS INC 679 831
COLGATE-PALMOLIVE COMPANY 776 909
COLOPLAST AS ADR 3,462 2,813
CONMED CORPORATION 958 548
CONSTELLATION SOFTWA 3,374 6,198
CONSTELLATION SOFTWARE - WARRA    
COOPER COMPANIES INC 1,233 1,103
COPART INC 811 1,492
CORNING INC 2,307 3,231
CRANE CO 752 1,366
CSW INDUSTRIALS INC 544 1,058
CSX CORP 2,832 2,711
CURTISS WRIGHT CP 1,374 1,774
CVS CAREMARK CORP 3,068 2,289
CYBERARK SOFTWARE LTD 349 666
D R HORTON 499 979
DANAHER CORP 6,122 5,968
DARDEN RESTAURANTS INC 592 747
DARLING INGREDIENTS INC 1,406 707
DBS GROUP HLDGS SPON ADR 2,861 3,841
DECKERS OUTDOOR CORPORATION 471 1,625
DEXCOM, INC 1,304 1,322
DIAGEO PLC ADS 2,785 2,415
DIAMONDBACK ENERGY INC 1,080 1,311
DIGI INTERNATIONAL INC 610 907
DOLLAR GENERAL CORP 2,526 1,365
DUTCH BROS INC 381 629
DYNATRACE 1,415 1,359
EASTGROUP PROPERTIES INC 1,005 802
EASTMAN CHEMICAL CO 650 548
ECOLAB INC 3,559 4,218
ELI LILLY & CO 1,492 1,544
EMCOR GROUP INC 453 1,362
ENTEGRIS INC 846 892
EPAM SYSTEMS INC 3,187 3,741
FABRINET INC 1,070 1,099
FACTSET RESH SYST INC 1,263 1,441
FAIRFAX FINL HLDGS LTD 1,637 4,169
FANUC LIMITED UNSPONSORED 3,348 2,751
FIRST ENERGY CORP 2,817 2,506
FIRSTCASH HOLDINGS INC 499 725
FIVE BELOW INC 904 630
FLEXTRONICS INTERNATIONAL 922 2,111
FLOOR AND DECOR HOLDINGS 488 598
FREEPORT-MCMORAN COPPER & GOLD 2,985 2,742
FRESHPET INC 486 889
GARTNER INC 3,492 3,876
GATX CORP INC 938 1,240
GEN DYNAMICS CP 2,464 2,635
GENMAB A/S SPON 3,607 2,108
GLOBANT SA 1,158 1,287
GODADDY INC 1,389 1,382
GOOSEHEAD INSURANCE INC 527 965
GUIDEWIRE SOFTWARE INC 622 1,349
HALOZYME THERAPEUTICS, INC 1,311 1,004
HAMILTON LANE INC 508 1,036
HDFC BANK LTD ADR 3,650 3,832
HEALTHEQUITY INC 1,500 2,207
HEARTLAND FINANCIAL USA, INC. 647 858
HELIOS TECHNOLOGIES 847 580
HOME DEPOT INC 1,437 1,945
HONG KONG EX&CL UNSP/ADR 1,503 1,389
HUNTINGTON INGALLS INDUSTRIES 628 567
ICF INTERNATIONAL, INC 1,333 1,073
INFOSYS TECH LTD SPD ADR 4,395 4,559
INNOSPEC INC 712 770
INSPIRE MEDICAL SYSTEMS 985 927
INTERCONTINENTAL EXCHANGE, INC 2,020 2,384
INTRA CELLULAR THERAPIES INC 513 668
INTUIT 4,824 5,028
JOHNSON & JOHNSON 4,757 4,049
JP MORGAN CHASE 1,603 2,877
KADANT INC 840 1,380
KE HOLDINGS INC. 2,822 3,352
LINDE PLC COM 3,679 3,768
LKQ CORPORATION 795 551
LOWES COMPANIES INC 2,451 2,962
MARATHON PETROLEUM CORP 1,675 2,232
MARKETAXESS HOLDINGS, INC 2,172 1,808
MARSH AND MCLENNAN COMPANIES I 1,709 1,912
MASCO CORP 754 1,089
MASTERCARD INC 5,059 6,318
MEDPACE HOLDINGS, INC 478 997
MEDTRONIC PLC 5,267 4,314
METLIFE INC 2,277 2,620
MICROSOFT CORP 10,022 12,644
MIDDLEBY CORPORATION 988 948
MODINE MFG CO 912 927
MOELIS AND COMPANY 490 887
MONOLITHIC POWER SYSTEMS, INC 347 592
MOOG INC CL A 614 1,378
MORGAN STANLEY 2,008 2,892
MORNINGSTAR, INC 1,403 1,684
MURPHY OIL CP HLDG 1,435 1,059
NATIONAL STORAGE AFFILIATES TR 1,227 1,137
NCINO 640 571
NEXTRACKER INC 364 694
NIKE INC-CL B 3,734 2,800
NOV INC 922 672
NOVA MEASURING INSTRUMENTS LTD 985 1,182
NOVANTA INC 924 1,069
NOVO NORDISK A S 4,263 5,763
NVENT ELECTRIC PLC 894 1,091
OLLIES BARGAIN OUTLET HOLDINGS 1,807 2,524
ONTO INNOVATION 1,385 1,000
OPEN LENDING CORP 748 299
ORACLE CORP 3,164 5,832
PAYLOCITY CORP 1,402 1,596
PAYPAL HOLDINGS, INC 1,536 2,134
PEBBLEBROOK HOTEL TR COM 792 488
PENUMBRA INC 1,327 1,662
PEPSICO INC 1,332 1,216
PERFORMANCE FOOD GROUP COMPANY 882 1,268
PG & E CORP 2,067 3,390
PHILIP MORRIS INTL 2,118 2,527
PINNACLE FINANCIAL PARTNERS IN 1,325 1,830
POOL CORP 1,215 1,023
POPULAR, INC. 781 941
PROCORE TECHNOLOGIES INC 725 899
PROCTER GAMBLE CO 1,119 1,174
PROSUS NV ADR 2,741 3,954
PT BANK RAKYAT ADR 2,924 2,269
PTC INC 1,250 1,287
PURE STORAGE INC 1,296 1,474
Q2 HOLDINGS INC 290 906
QUALCOMM INC 1,639 1,843
QUALYS INC COM 1,146 1,122
RAYMOND JAMES FINANCIAL INC 1,754 2,485
RAYTHEON TECHNOLOGIES CORP 7,222 8,562
RBC BEARINGS INCORPORATED 944 1,496
RECRUIT HOLDINGS CO 2,138 3,800
REINSURANCE GROUP AMER INC 664 1,282
RENAISSANCERE HOLDINGS LTD 633 995
RESMED INC 1,372 1,372
ROCHE HOLDING LTD ADR 4,398 3,697
RYANAIR HOLDINGS PLC-ADR COM 2,076 2,005
S&P GLOBAL INC COM 4,758 5,478
SAFRAN SA - UNSPON ADR 2,184 3,543
SAIA, INC 1,698 2,279
SANMINA-SCI CORPORATION 580 1,135
SCHNEIDER NATIONAL INC 689 908
SCOTTS CO. CLASS A 885 531
SEA LTD 1,768 3,183
SEALED AIR CORP 1,146 677
SHIFT4 PAYMENTS INC CL A 1,570 2,283
SITEONE LANDSCAPE SUPPLY INC 874 791
SNAP ON INC 634 1,018
SONOCO PRODUCTS COMPANY 635 489
SOUTHWEST AIRLINES 2,591 2,219
SPDR BARCLAYS CAPITAL 1-3 MONT 3,023 3,017
SPROUTS FARMERS MARKET INC 1,346 1,144
SPS COMMERCE, INC 897 1,288
STAG INDUSTRIAL INC 881 744
STARBUCKS CORP COM 2,023 2,281
STIFEL FINANCIAL CP 704 1,167
SUZUKI MOTOR CORP UNSP ADR 2,647 3,377
SYNOPSYS, INC 616 971
TAIWAN SEMICONDUCTOR MFG CO LT 2,539 5,135
TAKE-TWO INTERACTIVE SOFTWARE 989 1,289
TECHNIPFMC PLC 695 2,605
TELEDYNE TECH INC 1,380 1,392
TEMENOS GROUP AG 2,930 2,240
TERADATA CORPORATION 2,030 1,495
THE DESCARTES SYSTEMS GROUP 1,273 1,590
THE ENSIGN GROUP, INC 796 1,196
THERMO FISHER SCIENTIFIC INC 6,521 6,243
TIMKEN CO COM 452 571
TJX COMPANIES INC 3,822 4,953
TREX CO INC 1,219 1,381
TRINET GROUP, INC 361 363
UNILEVER PLC AMER 5,144 6,067
UNITED BANKSHARES, INC 860 1,014
US FOODS HOLDING CORPORATION 1,280 1,484
VALVOLINE INC 2,178 2,207
VERISIGN INC 2,740 3,104
VERISK ANALYTICS, INC 3,563 4,131
VERIZON COMMUNICATIONS 5,060 4,119
VISA INC 10,276 12,957
VORNADO RLTY TR 778 1,513
WAL-MART STORES INC 845 1,717
WALT DISNEY HOLDINGS CO 6,739 7,125
WASTE CONNECTIONS 3,919 4,633
WATTS WATER TECHNOLOGIES INC 1,038 1,220
WEATHERFORD INTL 1,270 788
WEBSTER FINL CORP 554 607
WELLS FARGO & CO 1,606 2,318
WESBANCO INC 873 846
WEST PHARMA SVCS INC 1,213 983
WEX, INC 993 877
WILLIAMS COS 1,649 2,598
WOLVERINE WORLDWIDE 532 777
WUXI BIOLOGICS INC ADR 2,187 1,209
XPEL INC 625 519
XYLEM INC 2,953 3,017
YETI HOLDINGS, INC. 593 501
ZOETIS INC 5,342 4,562

TY 2024 LoansFromOfficersSchedule
Name:
ACS Private Foundation
EIN:
87-2642139

Item No. 1
Lender's Name TRACY ADAMS - PRES DIR SEC TREAS
Lender's Title  
Original Amount of Loan 250
Balance Due 0
Date of Note 2023-12
Maturity Date 2024-01
Repayment Terms PRINCIPAL ON MATURITY
Interest Rate 0.
Security Provided by Borrower NONE
Purpose of Loan TO MAKE A GRANT ON BEHALF OF FOUNDATION
Description of Lender Consideration CASH - 250
Consideration FMV  


TY 2024 OtherExpensesSchedule
Name:
ACS Private Foundation
EIN:
87-2642139
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 9,320     9,320
Bank Charges 72 72    
State or Local Filing Fees 25     25


TY 2024 OtherIncomeSchedule2
Name:
ACS Private Foundation
EIN:
87-2642139
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Federal Tax Refund 6,179    


TY 2024 OtherProfessionalFeesSchedule
Name:
ACS Private Foundation
EIN:
87-2642139
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 6,072 6,072    


TY 2024 TaxesSchedule
Name:
ACS Private Foundation
EIN:
87-2642139
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 1,000      
Foreign Tax Paid 284 284