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 07-01-2024 , and ending 06-30-2025
Name of foundation
ORVILLE & LAURENE WATTS SCHOLARSHIP FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

32-6251524
B Telephone number (see instructions)

(314) 418-2643
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$1,248,320J 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 Dividends and interest from securities... 33,776 33,598  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 114,258
b Gross sales price for all assets on line 6a 690,221
7 Capital gain net income (from Part IV, line 2)... 114,258
8 Net short-term capital gain......... 0
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
18 18  
12 Total. Add lines 1 through 11........ 148,052 147,874  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 19,290 17,361   1,929
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,500 0 0 1,500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,205 396   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,995 17,757 0 3,429
25 Contributions, gifts, grants paid....... 49,302 49,302
26 Total expenses and disbursements. Add lines 24 and 25 71,297 17,757 0 52,731
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 76,755
b Net investment income (if negative, enter -0-) 130,117
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......... 14,956 20,697 20,697
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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)....... 201,934 Click to see attachment
List of Attached Documents:
// Content
192,358 		339,830
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).......... 716,920 Click to see attachment
List of Attached Documents:
// Content
797,511 		887,793
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) 933,810 1,010,566 1,248,320
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
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........ 933,810 1,010,566
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)..... 933,810 1,010,566
30 Total liabilities and net assets/fund balances (see instructions). 933,810 1,010,566
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
933,810
2
Enter amount from Part I, line 27a .....................
2
76,755
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4
4
Add lines 1, 2, and 3 ..........................
4
1,010,569
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,010,566
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 1502.257 CREDIT SUISSE COMMODITY RETURN     2024-07-31
b 7. AMERICAN TOWER CORP   2023-10-04 2024-08-26
c 18. AMERICAN TOWER CORP     2024-08-26
d 6. ISHARES RUSSELL 2000 INDEX FUND   2020-07-21 2024-08-26
e 22. ISHARES CORE MSCI EAFE ETF   2023-06-09 2024-08-26
20. CLEARBRIDGE INTERNATIONAL GROWTH   2019-05-22 2024-08-26
108. MOBILEYE GLOBAL INC COMMON CLASS A   2024-01-10 2024-08-26
37. NIKE INC CL B COM   2024-04-08 2024-08-26
15. SALESFORCE COM INC   2020-05-04 2024-08-26
178. SCHWAB US REIT ETF   2021-01-22 2024-08-26
2. TRADE DESK INC THE CLASS A   2024-04-08 2024-08-26
14. TRADE DESK INC THE CLASS A   2020-01-24 2024-08-26
3. UNITEDHEALTH GRP INC COM   2023-06-09 2024-08-26
140. INVESCO S P 500 EQUAL WEIGHT ETF   2024-05-02 2024-09-13
87. SCHWAB US REIT ETF   2021-01-22 2024-09-13
3. NETFLIX.COM INC COM   2022-12-19 2024-10-16
31. AMERICAN BEACON STEPHENS MID CAP GR   2021-01-22 2024-11-13
2. BLACKROCK INC COM   2022-10-18 2024-11-13
9. DANAHER CORP COM   2022-12-19 2024-11-13
2. FACEBOOK INC A   2020-01-24 2024-11-13
627. ISHARES CORE TOTAL US BOND MARKETETF     2024-11-13
181. ISHARES CORE TOTAL US BOND MARKETETF   2019-05-22 2024-11-13
12. ISHARES RUSSELL MIDCAP VALUE ETF   2019-05-22 2024-11-13
47. ISHARES MIDCAP INDEX FD   2019-05-22 2024-11-13
14. ISHARES RUSSELL 2000 INDEX FUND   2020-07-21 2024-11-13
3. MICROSOFT CORP   2020-01-24 2024-11-13
11. NVIDIA CORP COM   2022-12-19 2024-11-13
7. S P GLOBAL INC COM   2022-03-28 2024-11-13
2. SERVICENOW INC   2022-03-28 2024-11-13
8. TARGET CORP   2020-01-24 2024-11-13
26. AMERICAN BEACON STEPHENS MID CAP GR   2021-01-22 2024-12-09
17. ISHARES CORE MSCI EAFE ETF   2023-06-09 2024-12-09
11. PALO ALTO NETWORKS INC     2024-12-09
26. TARGET CORP   2024-01-10 2024-12-09
3. TARGET CORP     2024-12-09
18. TRADE DESK INC THE CLASS A   2024-04-08 2024-12-09
27. ZILLOW GROUP INC   2022-02-09 2024-12-09
56. APTIV PLC     2024-12-09
34. ALBEMARLE CORP COM   2020-01-24 2025-02-03
3. ALPHABET INC CL A   2022-12-19 2025-02-03
4. AMAZON COM INC   2020-01-24 2025-02-03
3. APPLE INC   2020-01-24 2025-02-03
144. ARTISAN HIGH INCOME FUND   2024-12-09 2025-02-03
9. BANK OF AMERICA CORP   2023-06-09 2025-02-03
4. CABOT OIL & GAS CORP CL A   2024-08-26 2025-02-03
88. CENTENE CORP COM     2025-02-03
12. COPART INC COM   2020-06-02 2025-02-03
42. EDWARDS LIFESCIENCES CORP COM     2025-02-03
1. INTUIT COM W/RTS EXP 5/1/2008   2020-05-04 2025-02-03
16. ISHARES MSCI EAFE VALUE ETF   2021-06-01 2025-02-03
16. J P MORGAN CHASE & CO     2025-02-03
1. MASTERCARD INC   2020-05-04 2025-02-03
4. MICROSOFT CORP   2020-01-24 2025-02-03
28. NEXTERA ENERGY INC   2022-02-09 2025-02-03
16. SALESFORCE COM INC   2020-05-04 2025-02-03
12. SCHLUMBERGER LTD ISIN #AN8068571086   2024-04-08 2025-02-03
17. VERTIV HOLDINGS CO   2024-06-20 2025-02-03
43. WAL MART STORES INC     2025-02-03
259.215 ARTISAN HIGH INCOME FUND   2024-12-09 2025-03-11
29. BANK OF AMERICA CORP   2023-06-09 2025-03-11
161. ISHARES CORE TOTAL US BOND MARKETETF   2019-05-22 2025-03-11
8. ISHARES LEHMAN 20+ YR TREAS   2024-11-13 2025-03-11
102. ISHARES MSCI EAFE VALUE ETF   2021-06-01 2025-03-11
110. ISHARES CORE MSCI EAFE ETF     2025-03-11
75. ISHARES CORE MSCI EMERGING MKTS ETF   2024-09-13 2025-03-11
25. ISHARES CORE MSCI EMERGING MKTS ETF   2020-01-24 2025-03-11
277.149 WESTERN ASSET INCOME IS   2024-11-13 2025-03-11
1.087 CLEARBRIDGE INTERNATIONAL GROWTH   2023-10-04 2025-03-11
6. LULULEMON ATHLETICA INC   2022-12-19 2025-03-11
261.938 PGIM TOTAL RETURN BOND CL R6   2020-07-22 2025-03-11
36. SCHLUMBERGER LTD ISIN #AN8068571086   2024-04-08 2025-03-11
108. SCHWAB US REIT ETF   2021-01-22 2025-03-11
204.971 STONE RIDGE HY REINSUR-I   2024-01-10 2025-03-11
37. TARGET CORP     2025-03-11
24. UBER TECHNOLOGIES INC   2022-10-18 2025-03-11
2. VANGUARD TOTAL WORLD STOCK INDEX ETF   2024-11-13 2025-03-11
7. VEEVA SYSTEMS INC-CLASS A   2024-12-09 2025-03-11
32. ZILLOW GROUP INC   2022-02-09 2025-03-11
2. ADOBE SYS INC   2025-03-11 2025-04-30
8. ADVANCED MICRO DEVICES INC COM   2025-03-11 2025-04-30
1. ADVANCED MICRO DEVICES INC COM   2022-12-19 2025-04-30
7. ALPHABET INC CL A   2025-03-11 2025-04-30
6. ALPHABET INC CL A   2022-12-19 2025-04-30
7. AMAZON COM INC   2025-03-11 2025-04-30
6. AMAZON COM INC   2020-01-24 2025-04-30
142.099 AMERICAN BEACON STEPHENS MID CAP GR   2025-03-11 2025-04-30
1199.679 AMERICAN BEACON STEPHENS MID CAP GR     2025-04-30
2. AMERICAN TOWER CORP   2023-10-04 2025-04-30
8. APPLE INC   2025-03-11 2025-04-30
7. APPLE INC   2020-01-24 2025-04-30
22. BANK OF AMERICA CORP   2023-06-09 2025-04-30
14. CABOT OIL & GAS CORP CL A     2025-04-30
3. CHEVRONTEXACO CORP   2025-03-11 2025-04-30
11. COPART INC COM   2020-06-02 2025-04-30
6. DANAHER CORP COM   2025-02-03 2025-04-30
24. DRAFTKINGS INC NEW   2024-05-17 2025-04-30
75. EXACT SCIENCES CORPORATION     2025-04-30
2. FACEBOOK INC A   2025-03-11 2025-04-30
1. FACEBOOK INC A   2020-01-24 2025-04-30
3. HOME DEPOT INC   2025-03-11 2025-04-30
130. ISHARES LEHMAN 20+ YR TREAS   2024-11-13 2025-04-30
15. ISHARES RUSSELL MIDCAP VALUE ETF   2025-03-11 2025-04-30
368. ISHARES RUSSELL MIDCAP VALUE ETF   2019-05-22 2025-04-30
49. ISHARES MIDCAP INDEX FD   2025-03-11 2025-04-30
945. ISHARES MIDCAP INDEX FD     2025-04-30
44. ISHARES RUSSELL 2000 INDEX FUND     2025-04-30
254. ISHARES RUSSELL 2000 INDEX FUND   2020-07-21 2025-04-30
30. ISHARES MSCI EAFE VALUE ETF   2021-06-01 2025-04-30
40. ISHARES CORE MSCI EAFE ETF   2023-02-06 2025-04-30
5. ISHARES CORE MSCI EMERGING MKTS ETF   2020-01-24 2025-04-30
4. J P MORGAN CHASE & CO   2020-05-04 2025-04-30
1. L3HARRIS TECHNOLOGIES INC   2025-02-03 2025-04-30
4684.657 WESTERN ASSET INCOME IS   2024-11-13 2025-04-30
21. CLEARBRIDGE INTERNATIONAL GROWTH   2023-10-04 2025-04-30
1. LILLY ELI & CO   2024-06-20 2025-04-30
3. MARATHON PETROLEUM CORP   2024-06-20 2025-04-30
1. MASTERCARD INC   2020-05-04 2025-04-30
8. MICROSOFT CORP     2025-04-30
7. MICRON TECHNOLOGY INC COM   2025-02-03 2025-04-30
8. NEXTERA ENERGY INC     2025-04-30
30. NVIDIA CORP COM   2024-08-26 2025-04-30
25. PALO ALTO NETWORKS INC   2022-12-19 2025-04-30
1. S P GLOBAL INC COM   2022-03-28 2025-04-30
61. SCHLUMBERGER LTD ISIN #AN8068571086     2025-04-30
15. SCHWAB CHARLES CORP NEW COM   2024-12-09 2025-04-30
10. BLOCK INC   2025-02-03 2025-04-30
1. SYNOPSYS INC COM   2025-02-03 2025-04-30
2. TALEN ENERGY CORP COM   2025-03-11 2025-04-30
11. TRADE DESK INC THE CLASS A   2025-03-11 2025-04-30
16. UBER TECHNOLOGIES INC   2022-10-18 2025-04-30
2. UNITEDHEALTH GRP INC COM   2024-05-02 2025-04-30
2. VEEVA SYSTEMS INC-CLASS A   2024-12-09 2025-04-30
11. VERTIV HOLDINGS CO   2024-06-20 2025-04-30
5. WAL MART STORES INC   2016-02-02 2025-04-30
2. EATON CORP PLC SHS   2024-08-26 2025-04-30
1. LINDE PLC SHS   2025-02-03 2025-04-30
2. ADOBE SYS INC   2025-03-11 2025-05-12
5. ADVANCED MICRO DEVICES INC COM   2022-12-19 2025-05-12
7. ALPHABET INC CL A   2022-12-19 2025-05-12
7. AMAZON COM INC   2020-01-24 2025-05-12
1. AMERICAN TOWER CORP   2023-10-04 2025-05-12
8. APPLE INC     2025-05-12
11. BANK OF AMERICA CORP   2023-06-09 2025-05-12
1. BLACKROCK INC COM   2022-10-18 2025-05-12
2. CHEVRONTEXACO CORP   2025-03-11 2025-05-12
5. COPART INC COM   2020-06-02 2025-05-12
1. COSTCO WHOLESALE CORP COM   2021-06-01 2025-05-12
4. DANAHER CORP COM   2025-02-03 2025-05-12
10. DRAFTKINGS INC NEW     2025-05-12
2. FACEBOOK INC A   2020-01-24 2025-05-12
2. HOME DEPOT INC   2021-06-01 2025-05-12
14. ISHARES MSCI EAFE VALUE ETF   2021-06-01 2025-05-12
28. ISHARES CORE MSCI EAFE ETF   2023-02-06 2025-05-12
77. ISHARES CORE MSCI EMERGING MKTS ETF   2020-01-24 2025-05-12
3. J P MORGAN CHASE & CO   2020-05-04 2025-05-12
2. L3HARRIS TECHNOLOGIES INC   2025-02-03 2025-05-12
10. CLEARBRIDGE INTERNATIONAL GROWTH   2023-10-04 2025-05-12
1. LILLY ELI & CO   2024-06-20 2025-05-12
4. MICROSOFT CORP   2017-02-07 2025-05-12
4. MICRON TECHNOLOGY INC COM   2025-02-03 2025-05-12
4. NEXTERA ENERGY INC   2022-02-09 2025-05-12
10. NVIDIA CORP COM   2024-08-26 2025-05-12
4. NVIDIA CORP COM   2022-12-19 2025-05-12
3. PALO ALTO NETWORKS INC   2022-12-19 2025-05-12
7. SCHWAB CHARLES CORP NEW COM   2024-05-02 2025-05-12
2. SERVICENOW INC   2022-03-28 2025-05-12
2. SYNOPSYS INC COM   2025-02-03 2025-05-12
1. TALEN ENERGY CORP COM   2025-03-11 2025-05-12
4. TRADE DESK INC THE CLASS A   2024-04-08 2025-05-12
1. TRANSDIGM GROUP INC   2017-02-07 2025-05-12
8. UBER TECHNOLOGIES INC   2022-10-18 2025-05-12
1. UNITEDHEALTH GRP INC COM   2025-03-11 2025-05-12
1. UNITEDHEALTH GRP INC COM   2023-06-09 2025-05-12
21. VANGUARD TOTAL WORLD STOCK INDEX ETF   2024-11-13 2025-05-12
54. VANGUARD RUSSELL 2000 INDEX FUND ETF   2025-04-30 2025-05-12
1. VEEVA SYSTEMS INC-CLASS A   2024-12-09 2025-05-12
42. VANGUARD MID CAP ETF   2025-04-30 2025-05-12
6. VERTIV HOLDINGS CO   2024-06-20 2025-05-12
3. WAL MART STORES INC   2016-02-02 2025-05-12
2. EATON CORP PLC SHS   2024-08-26 2025-05-12
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS 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 33,095   35,066 -1,971
b 1,580   1,104 476
c 4,064   2,459 1,605
d 1,325   892 433
e 1,687   1,470 217
1,390   963 427
1,532   3,248 -1,716
3,116   3,312 -196
3,989   2,403 1,586
3,992   3,399 593
208   172 36
1,454   396 1,058
1,760   1,468 292
24,511   22,528 1,983
2,029   1,661 368
2,100   872 1,228
1,269   1,194 75
2,063   1,157 906
2,169   2,062 107
1,166   441 725
61,197   62,793 -1,596
17,666   19,750 -2,084
1,639   1,044 595
4,368   2,553 1,815
3,322   2,081 1,241
1,283   502 781
1,620   180 1,440
3,584   2,893 691
2,109   1,141 968
1,245   920 325
1,093   1,001 92
1,271   1,136 135
4,316   1,712 2,604
3,576   3,729 -153
413   336 77
2,429   1,549 880
2,139   1,296 843
3,223   4,800 -1,577
2,734   2,755 -21
607   268 339
951   378 573
686   242 444
1,319   1,325 -6
417   263 154
113   97 16
5,704   5,730 -26
694   266 428
3,003   2,512 491
594   266 328
870   868 2
4,283   1,553 2,730
563   265 298
1,654   669 985
1,996   2,146 -150
5,453   2,563 2,890
485   662 -177
1,919   1,538 381
4,270   995 3,275
2,356   2,385 -29
1,150   848 302
15,859   17,568 -1,709
724   719 5
5,984   5,533 451
8,372   7,435 937
4,045   4,044 1
1,348   1,347 1
1,402   1,400 2
74   60 14
1,921   1,915 6
3,146   3,921 -775
1,447   1,987 -540
2,298   2,062 236
1,837   1,816 21
4,192   4,018 174
1,715   642 1,073
232   241 -9
1,635   1,741 -106
2,193   1,536 657
741   878 -137
760   781 -21
95   65 30
1,102   1,148 -46
944   535 409
1,273   1,377 -104
1,091   566 525
5,178   5,022 156
43,716   31,726 11,990
449   315 134
1,684   1,763 -79
1,474   564 910
865   643 222
347   359 -12
410   463 -53
661   244 417
1,187   1,288 -101
789   1,070 -281
3,371   4,147 -776
1,080   1,213 -133
540   220 320
1,069   1,105 -36
11,665   11,684 -19
1,825   1,868 -43
44,768   32,015 12,753
4,079   4,125 -46
78,658   48,986 29,672
8,505   8,810 -305
49,100   37,749 11,351
1,827   1,627 200
3,141   2,657 484
270   269 1
967   366 601
219   214 5
23,376   23,658 -282
1,485   1,151 334
893   880 13
405   527 -122
539   265 274
3,120   1,089 2,031
529   633 -104
530   572 -42
3,189   3,799 -610
4,632   1,868 2,764
494   413 81
2,025   3,041 -1,016
1,205   1,232 -27
576   909 -333
451   524 -73
430   352 78
583   652 -69
1,268   428 840
816   980 -164
458   497 -39
922   995 -73
481   112 369
578   595 -17
451   453 -2
787   878 -91
538   323 215
1,099   624 475
1,448   661 787
210   158 52
1,669   605 1,064
476   322 154
958   578 380
283   309 -26
308   111 197
1,005   378 627
790   859 -69
376   434 -58
1,262   441 821
750   633 117
864   759 105
2,242   1,860 382
4,359   4,150 209
781   274 507
436   427 9
714   548 166
756   880 -124
1,774   254 1,520
372   362 10
278   307 -29
1,210   1,266 -56
484   66 418
575   224 351
597   523 74
2,015   1,141 874
1,001   1,048 -47
234   176 58
316   344 -28
1,395   244 1,151
687   214 473
380   485 -105
380   489 -109
2,543   2,532 11
4,508   4,220 288
235   249 -14
11,255   10,653 602
600   543 57
288   67 221
644   595 49
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
      1,816
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       -1,971
b       476
c       1,605
d       433
e       217
      427
      -1,716
      -196
      1,586
      593
      36
      1,058
      292
      1,983
      368
      1,228
      75
      906
      107
      725
      -1,596
      -2,084
      595
      1,815
      1,241
      781
      1,440
      691
      968
      325
      92
      135
      2,604
      -153
      77
      880
      843
      -1,577
      -21
      339
      573
      444
      -6
      154
      16
      -26
      428
      491
      328
      2
      2,730
      298
      985
      -150
      2,890
      -177
      381
      3,275
      -29
      302
      -1,709
      5
      451
      937
      1
      1
      2
      14
      6
      -775
      -540
      236
      21
      174
      1,073
      -9
      -106
      657
      -137
      -21
      30
      -46
      409
      -104
      525
      156
      11,990
      134
      -79
      910
      222
      -12
      -53
      417
      -101
      -281
      -776
      -133
      320
      -36
      -19
      -43
      12,753
      -46
      29,672
      -305
      11,351
      200
      484
      1
      601
      5
      -282
      334
      13
      -122
      274
      2,031
      -104
      -42
      -610
      2,764
      81
      -1,016
      -27
      -333
      -73
      78
      -69
      840
      -164
      -39
      -73
      369
      -17
      -2
      -91
      215
      475
      787
      52
      1,064
      154
      380
      -26
      197
      627
      -69
      -58
      821
      117
      105
      382
      209
      507
      9
      166
      -124
      1,520
      10
      -29
      -56
      418
      351
      74
      874
      -47
      58
      -28
      1,151
      473
      -105
      -109
      11
      288
      -14
      602
      57
      221
      49
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 114,258
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 1,809
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 1,809
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 1,809
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 552
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 552
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 1,257
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 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$   (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 arrowMO
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowUS BANK NA Telephone no.right arrow (417) 625-3202

Located atright arrowPO BOX 387ST LOUISMO ZIP+4right arrow63166
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)
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
US BANK N A TRUSTEE
1 		19,290    
PO BOX 0634
MILWAUKEE,WI53201
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
1,207,136
b
Average of monthly cash balances.......................
1b
16,703
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,223,839
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
1,223,839
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
18,358
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,205,481
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
60,274
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
60,274
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,809
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,809
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
58,465
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
58,465
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
58,465
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
52,731
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
52,731
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 58,465
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 2,545
e From 2023...... 0
f Total of lines 3a through e ........ 2,545
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 52,731
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 52,731
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 2,545 2,545
(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 .......... 		3,189
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.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
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).)
NONE
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.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ELLIS FOUNDATION
PO BOX 54
FT SCOTT,KS66701
(620) 223-2232
bThe form in which applications should be submitted and information and materials they should include:
CONTACT THE ABOVE
cAny submission deadlines:
CONTACT THE ABOVE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
CONTACT THE ABOVE
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

ELLIS FOUNDATION

ATTN MATT MESSER
FT SCOTT,KS66701 		NONE I SCHOLARSHIP 49,302
Total .................................right arrow 3a 49,302
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 ........... 		         
4 Dividends and interest from securities ....     14 33,776  
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 ............ 		    18 114,258  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    1 18  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   148,052  
13Total. Add line 12, columns (b), (d), and (e)..................
13
148,052
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
ORVILLE & LAURENE WATTS SCHOLARSHIP FUND
EIN:
32-6251524
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

TY 2024 InvestmentsCorpStockSchedule
Name:
ORVILLE & LAURENE WATTS SCHOLARSHIP FUND
EIN:
32-6251524
Name of Stock End of Year Book Value End of Year Fair Market Value
57636Q104 MASTERCARD INC 952 2,810
037833100 APPLE INC 4,227 19,696
02079K305 ALPHABET INC CL A 6,671 15,156
56585A102 MARATHON PETROLEUM C 3,297 3,156
594918104 MICROSOFT CORP 4,168 22,881
78409V104 S P GLOBAL INC COM 1,442 4,218
023135106 AMAZON.COM INC 7,738 18,209
46625H100 J P MORGAN CHASE CO 2,628 8,987
931142103 WAL MART STORES INC 1,089 3,911
03027X100 AMERICAN TOWER CORP 2,418 3,315
91324P102 UNITEDHEALTH GROUP I 4,048 4,368
893641100 TRANSDIGM GROUP INC 713 4,562
060505104 BANK OF AMERICA CORP 3,433 6,956
22160K105 COSTCO WHOLESALE COR 1,133 2,970
81762P102 SERVICENOW INC 3,759 8,225
15135B101 CENTENE CORP COM    
808513105 SCHWAB CHARLES CORP 6,463 8,394
012653101 ALBEMARLE CORP    
30303M102 FACEBOOK INC A 4,030 14,024
28176E108 EDWARDS LIFESCIENCES    
G6095L109 APTIV PLC    
217204106 COPART INC COM 1,527 3,386
79466L302 SALESFORCE COM INC    
461202103 INTUIT INC 1,332 3,938
87612E106 TARGET CORP    
88339J105 TRADE DESK INC THE C 5,205 4,823
67066G104 NVIDIA CORP 4,578 28,754
437076102 HOME DEPOT INC 6,503 7,699
00724F101 ADOBE SYS INC 6,900 5,803
65339F101 NEXTERA ENERGY INC 3,918 3,818
697435105 PALO ALTO NETWORKS I 4,983 6,548
29444U700 EQUINIX INC 3,306 3,182
98954M101 ZILLOW GROUP INC    
007903107 ADVANCED MICRO DEVIC 3,806 8,372
09247X101 BLACKROCK INC    
235851102 DANAHER CORP 8,313 7,704
550021109 LULULEMON ATHLETICA    
64110L106 NETFLIX.COM INC 3,351 4,017
90353T100 UBER TECHNOLOGIES IN 2,675 9,330
26142V105 DRAFTKINGS INC NEW 6,151 6,391
532457108 ELI LILLY CO 8,217 7,795
60741F104 MOBILEYE GLOBAL INC    
654106103 NIKE INC    
806857108 SCHLUMBERGER LTD COM 2,838 1,994
871607107 SYNOPSYS INC 7,274 7,690
922475108 VEEVA SYSTEMS INC-CL 3,537 4,320
92537N108 VERTIV HOLDINGS CO 5,915 9,502
09290D101 BLACKROCK INC COM 2,892 5,246
127097103 COTERRA ENERGY INC 2,455 2,563
166764100 CHEVRON CORP COM 3,316 3,150
46120E602 INTUITIVE SURGICAL I 3,057 3,260
502431109 L3HARRIS TECHNOLOGIE 3,204 3,763
58733R102 MERCADOLIBRE INC 5,708 7,841
595112103 MICRON TECHNOLOGY IN 4,219 5,793
679295105 OKTA INC 3,336 2,999
852234103 BLOCK INC 4,844 4,551
87422Q109 TALEN ENERGY CORP CO 2,819 4,652
G29183103 EATON CORP PLC SHS 4,347 5,355
G54950103 LINDE PLC SHS 3,623 3,753

TY 2024 InvestmentsOtherSchedule2
Name:
ORVILLE & LAURENE WATTS SCHOLARSHIP FUND
EIN:
32-6251524
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
464287655 ISHARES RUSSELL 2000      
74440B884 PGIM TOTAL RETURN BO AT COST 55,430 47,424
464287226 ISHARES CORE U.S. AG AT COST 112,955 112,890
024524217 AMERICAN BEACON STEP      
808524847 SCHWAB US REIT ETF AT COST 39,679 47,377
464287499 ISHARES RUSSELL MID      
524686524 CLEARBRIDGE INTERNAT      
464288877 ISHARES MSCI EAFE VA AT COST 36,787 48,880
46434G103 ISHARES CORE MSCI EM AT COST 73,303 88,004
464287473 ISHARES RUSSELL MIDC      
04314H568 ARTISAN HIGH INCOME AT COST 66,158 60,169
46432F842 ISHARES CORE MSCI EA AT COST 75,679 99,174
861728400 STONE RIDGE HY REINS AT COST 33,825 35,109
22544R305 CREDIT SUISSE COMMOD      
46137V357 INVESCO S P 500 EQUA      
52471E258 CLEARBRIDGE INTERNAT AT COST 32,448 50,566
922042742 VANGUARD TOTAL WORLD AT COST 47,269 50,380
92206C664 VANGUARD RUSSELL 200 AT COST 55,562 62,013
922908629 VANGUARD MID CAP ETF AT COST 168,416 185,807

TY 2024 OtherDecreasesSchedule
Name:
ORVILLE & LAURENE WATTS SCHOLARSHIP FUND
EIN:
32-6251524
Description Amount
PY RETURN OF CAPITAL ADJUSTMENT 3


TY 2024 OtherIncomeSchedule2
Name:
ORVILLE & LAURENE WATTS SCHOLARSHIP FUND
EIN:
32-6251524
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 18 18  


TY 2024 OtherIncreasesSchedule
Name:
ORVILLE & LAURENE WATTS SCHOLARSHIP FUND
EIN:
32-6251524
Description Amount
ROUNDING 4


TY 2024 TaxesSchedule
Name:
ORVILLE & LAURENE WATTS SCHOLARSHIP FUND
EIN:
32-6251524
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 276 276   0
FEDERAL TAX PAYMENT - PRIOR YE 257 0   0
FEDERAL ESTIMATES - PRINCIPAL 552 0   0
FOREIGN TAXES ON NONQUALIFIED 120 120   0