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
CHARLES P & MARGARET E POLK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)301 NORTH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILLERSBURG, PA17061
A Employer identification number

23-6296772
B Telephone number (see instructions)

(717) 692-2613
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$50,559,579J 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) 2,873
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3   3
4 Dividends and interest from securities... 388,064 388,064  
5a Gross rents............ 718,861 47,053 671,808
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
810,392
b Gross sales price for all assets on line 6a 3,676,680
7 Capital gain net income (from Part IV, line 2)... 810,392
8 Net short-term capital gain......... 29,939
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,218,240   2,218,240
12 Total. Add lines 1 through 11........ 4,138,433 1,245,509 2,919,990
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 116,715 55,500 61,215  
14 Other employee salaries and wages...... 1,988,748 68,816 1,919,932  
15 Pension plans, employee benefits....... 302,371 14,376 287,994  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
0      
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,815 27,815    
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
109,255 102,910 6,345  
17 Interest............... 166,231 166,231 0  
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
398,032 70,689 327,344  
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
401,193 16,905 384,288
20 Occupancy.............. 254,489 45,215 209,274  
21 Travel, conferences, and meetings....... 6,542 0 6,542  
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
640,777 166,489 474,288  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,412,168 734,946 3,677,222 0
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 4,412,168 734,946 3,677,222 0
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -273,735
b Net investment income (if negative, enter -0-) 510,563
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............. 67,364 62,172 62,172
2 Savings and temporary cash investments......... 65,121 39,652 39,652
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).....   0  
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 1,989 1,989 1,989
10a Investments—U.S. and state government obligations (attach schedule) 5,000 Click to see attachment
List of Attached Documents:
// Content
5,000 		5,000
b Investments—corporate stock (attach schedule)....... 11,130,453 Click to see attachment
List of Attached Documents:
// Content
10,515,865 		12,137,409
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow2,481,624
Less: accumulated depreciation (attach schedule) right arrow392,411 2,108,170 Click to see attachment
List of Attached Documents:
// Content
2,089,213 		3,123,132
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis right arrow20,997,083
Less: accumulated depreciation (attach schedule) right arrow14,635,545 6,660,792 Click to see attachment
List of Attached Documents:
// Content
6,361,538 		35,190,225
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,038,889 19,075,429 50,559,579
Liabilities 17 Accounts payable and accrued expenses.......... 2,406 1,671
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)...... 2,244,546 1,555,556
22 Other liabilities (describe right arrow) 0 0
23 Total liabilities (add lines 17 through 22)......... 2,246,952 1,557,227
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 17,791,937 17,518,202
29 Total net assets or fund balances (see instructions)..... 17,791,937 17,518,202
30 Total liabilities and net assets/fund balances (see instructions). 20,038,889 19,075,429
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
17,791,937
2
Enter amount from Part I, line 27a .....................
2
-273,735
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
17,518,202
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
17,518,202
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 LONG TERM STOCK SALES P 2001-01-01 2024-12-31
b SHORT TERM STOCK SALES P 2024-01-01 2024-12-31
c CAPITAL GAIN DISTRIBUTIONS P 2001-01-01 2024-12-31
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 3,047,271 0 2,298,776 748,495
b 597,451 0 567,512 29,939
c 31,958 0 0 31,958
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 0 0 0 748,495
b 0 0 0 29,939
c 0 0 0 31,958
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 2 810,392
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 29,939
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 7,097
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 7,097
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 7,097
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,989
b Exempt foreign organizations—tax withheld at source...... 6b  
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.............. Part VI Line 7 - Tax Paid with the Original Return: 1989 7 1,989
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
8 248
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 5,356
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  
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 arrowPA
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
Yes
 
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 arrowPOLK FOUNDATION Telephone no.right arrow (717) 692-2613

Located atright arrow301 NORTH STMILLERSBURGPA ZIP+4right arrow17061
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)
 
No
(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
 
 
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
 
 
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
JUDY PAUL SECRETARY
10.00 		14,500 0 0
RD1 BOX 85
KLINGERSTOWN,PA17941
DAVID HAWLEY CHAIRMAN
5.00 		20,000 0 0
575 UNION STREET
MILLERSBURG,PA17061
RICHARD IBBERSON TREASURER
2.00 		9,000 0 0
239 MOORE STREET
MILLERSBURG,PA17061
J BRUCE WALTER VICE-CHAIRMAN
2.00 		9,000 0 0
423 SHAFFER ROAD
MILLERSBURG,PA17061
EDWIN SCHLEGEL ASST TREASURER
2.00 		3,000 0 0
2 DAWN DRIVE
MILLERSBURG,PA17061
CRYSTAL L ALTLAND ADMINISTRATOR
40.00 		103,215 0 0
5979 MEADE COURT
HARRISBURG,PA17112
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
ANGELA KOHLER ASST ADMINISTRATOR
40.00 		74,935 2,188 0
211 GREEN ACRES AVE
ELIZABETHVILLE,PA17023
TROY BOYER MAINTENANCE
40.00 		68,816 2,058 0
611 EDWARD AVENUE
MILLERSBURG,PA17061
JUDY LAHR WORKER
40.00 		60,206 4,279 0
460 CREEK ROAD
Dornsife,PA17823
LORI DANIELS WORKER
40.00 		62,439 3,450 0
275 SENATOR DRIVE
MILLERSBURG,PA17061
BRAD BIXLER WORKER
40.00 		52,979 2,769 0
311 MOORE STREET
MILLERSBURG,PA17061
Total number of other employees paid over $50,000...................right arrow 7
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 OPERATE AND MAINTAIN LOW-INCOME APARTMENT COMPLEXES AND AN ASSISTED LIVING PERSONAL CARE FACILITY FOR QUALIFYING ELDERLY PERSONS 3,549,920
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 OPERATE AND MAINTAIN LOW-INCOME APARTMENT COMPLEXES AND AN ASSISTED LIVING PERSONAL CARE FACILITY FOR QUALIFYING ELDERLY PERSONS 484,552
2 MAINTAIN PROPERTY FOR MEDICAL CENTER 20,903
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
356,794
Total. Add lines 1 through 3.........................right arrow862,249
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
12,352,734
b
Average of monthly cash balances.......................
1b
64,768
c
Fair market value of all other assets (see instructions)................
1c
2,486,624
d
Total (add lines 1a, b, and c).........................
1d
14,904,126
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
1,555,556
3
Subtract line 2 from line 1d.........................
3
13,348,570
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
200,229
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,148,341
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
657,417
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
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
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
0
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
0
b
Program-related investments—total from Part VIII-B..................
1b
862,249
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
82,984
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
945,233
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 0
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 1,031,821
b From 2020...... 759,869
c From 2021...... 815,705
d From 2022...... 990,585
e From 2023...... 900,488
f Total of lines 3a through e ........ 4,498,468
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 945,233
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus 945,233
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 5,443,701
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		1,031,821
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,411,880
10 Analysis of line 9:
a Excess from 2020.... 759,869
b Excess from 2021.... 815,705
c Excess from 2022.... 990,585
d Excess from 2023.... 900,488
e Excess from 2024.... 945,233
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
0 0 0 710,545 710,545
b 85% (0.85) of line 2a ......... 0 0 0 603,963 603,963
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		945,233 900,488 990,585 815,705 3,652,011
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 .... 		945,233 900,488 990,585 815,705 3,652,011
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 .. 		438,278 407,728 452,161 505,007 1,803,174
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Total .................................right arrow 3a 0
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
aLOW INCOME HOUSING RENTS         671,808
bPERSONAL CARE CENTER ROOM AND BOARD         2,125,180
cPERSONAL CARE SERVICES         76,343
dMEDICAL CENTER RENTAL         47,053
eMISC         16,717
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		        3
4 Dividends and interest from securities ....         388,064
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 ............ 		        810,392
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..     4,135,560
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,135,560
(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.)
1A PRODUCES REVENUES TO PAY FOR EXPENSES OF OPERATING LOW-RENTAL HOUSING
1B PRODUCES REVENUES TO PAY FOR EXPENSES OF OPERATING ELDERLY CARE FACILITY
1C PRODUCES REVENUES TO PAY FOR EXPENSES IN THE SUPPORT OF QUALITY ELDER CARE
1D PRODUCES REVENUES TO PAY FOR EXPENSES IN THE SUPPORT OF QUALITY ELDER & MEDICAL CARE
1E MISCELLANEOUS UNRESTRICTED INCOME RELATED TO OPERATIONS
3 PRODUCES REVENUES FOR THE OPERATION AND FUTURE CONSTRUCTION OF NEW FACILITIES
4 PRODUCES REVENUES FOR THE OPERATION AND FUTURE CONSTRUCTION OF NEW FACILITIES
8 PRODUCES REVENUES FOR THE OPERATION AND FUTURE CONSTRUCTION OF NEW FACILITIES
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:  
Part VI Line 7 - Tax Paid with the Original Return: 1,989


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
VARIOUS PAYROLL, MONTHLY 27,815 27,815    

TY 2024 AllOthProgRltdInvestmentsSch
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Category Amount
ADMINISTRATION EXPENSES 356,794

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
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
ROOF REPAIRS 2000-07-31 43,295 27,175 SL 39.000000000000 1,037      
LANDSCAPING 2000-10-31 7,500 7,500 200DB 5.000000000000 0      
FLOORING AND PAINTING 2000-10-31 7,980 7,980 200DB 5.000000000000 0      
LANDSCAPING 2000-10-31 7,500 7,500 200DB 5.000000000000 0      
FLOORING AND PAINTING 2000-10-31 70,655 70,655 200DB 5.000000000000 0      
ROOF REPAIRS 2000-07-31 47,700 29,944 SL 39.000000000000 1,142      
LANDSCAPING 2000-10-31 7,500 7,500 200DB 5.000000000000 0      
FLOORING AND PAINTING 2000-10-31 2,265 2,265 200DB 5.000000000000 0      
ROOF REPAIRS 2002-02-11 14,779 14,779 200DB 5.000000000000 0      
FLOORING AND PAINTING 2000-10-31 8,337 8,337 200DB 5.000000000000 0      
LANDSCAPING 2001-06-30 2,839 2,839 200DB 5.000000000000 0      
LIGHTING IMPROVEMENTS 2001-07-23 1,687 1,687 200DB 5.000000000000 0      
MISC EQUIPMENT 2000-06-30 13,885 13,885 200DB 5.000000000000 0      
OFFICE EQUIPMENT 2000-06-30 17,175 17,175 200DB 5.000000000000 0      
COMPUTER EQUIPMENT 2002-09-27 5,668 5,668 200DB 5.000000000000 0      
CARPETING 2001-12-21 1,256 1,256 200DB 5.000000000000 0      
APPLIANCES 2000-06-30 1,061 1,061 200DB 5.000000000000 0      
PAPERING AND PAINTING 2001-03-23 11,346 11,346 200DB 5.000000000000 0      
CARPETING 2001-05-18 2,215 2,215 200DB 5.000000000000 0      
CARPETING 2001-12-21 1,910 1,910 200DB 5.000000000000 0      
INCLINATOR 2001-05-10 4,450 4,450 200DB 5.000000000000 0      
OFFICE FURNITURE 2001-02-02 25,213 25,213 200DB 5.000000000000 0      
FURNITURE 2001-06-30 20,785 20,785 200DB 5.000000000000 0      
OUTSIDE PORCH FURNITURE 2001-06-30 16,290 16,290 200DB 5.000000000000 0      
GLASS DINING ROOM TABLES 2001-09-07 5,170 5,170 200DB 5.000000000000 0      
KITCHEN EQUIPMENT 2001-09-13 1,415 1,415 200DB 5.000000000000 0      
PORTABLE SOUND SYSTEM 2001-09-21 1,187 1,187 200DB 5.000000000000 0      
PIANO 2001-10-08 10,297 10,297 200DB 5.000000000000 0      
COMPUTER 2001-11-13 1,508 1,508 SL 3.000000000000 0      
300 MOORE ST 1983-06-30 923,080 923,080 SL 40.000000000000 0      
CARPETING AND FLOORING 1996-06-30 7,624 7,621 SL 10.000000000000 0      
LANDSCAPING 1996-06-30 6,672 6,671 SL 10.000000000000 0      
CARPETING AND FLOORING 1997-06-30 4,732 4,731 SL 10.000000000000 0      
INCLINATOR 1997-06-30 1,800 1,800 SL 10.000000000000 0      
PAINTING AND IMPROVEMENTS 1997-06-30 7,372 7,366 SL 15.000000000000 0      
IMPROVEMENTS AND REMODELING 1998-06-30 107,278 107,278 SL 15.000000000000 0      
CARPETING AND FLOORING 1998-06-30 12,559 12,559 SL 10.000000000000 0      
INCLINATORS AND ELEVATORS 1998-06-30 16,480 16,480 SL 10.000000000000 0      
LANDSCAPING 1998-06-30 1,909 1,909 SL 10.000000000000 0      
INCLINATORS AND ELEVATORS 1999-04-21 11,330 11,330 SL 10.000000000000 0      
401-403 MOORE ST 1985-06-30 990,472 990,472 SL 15.000000000000 0      
CARPET 1993-06-30 2,168 2,168 SL 10.000000000000 0      
GARAGE AND GAZEBO 1994-06-30 39,938 29,444 SL 40.000000000000 998      
FENCING 1994-06-30 2,940 2,940 SL 10.000000000000 0      
CARPETING 1994-06-30 7,959 7,959 SL 10.000000000000 0      
ROOF 1995-06-30 6,488 4,618 SL 40.000000000000 162      
FLOORING 1995-06-30 8,551 8,551 SL 7.000000000000 0      
FENCING 1997-06-30 680 680 SL 10.000000000000 0      
IMPROVEMENTS 1997-06-30 9,723 9,721 SL 15.000000000000 0      
FLOORING AND CARPETING 1998-06-30 7,206 7,206 SL 10.000000000000 0      
PLUMBING 1998-06-30 1,151 1,151 SL 10.000000000000 0      
IMPROVEMENTS 1999-07-20 35,253 35,250 SL 15.000000000000 0      
CARPETING 1999-11-04 4,476 4,476 SL 7.000000000000 0      
ROOF MAINTENANCE 1999-11-12 3,950 3,950 SL 15.000000000000 0      
IMPROVEMENTS 2001-06-30 4,934 2,773 SL 40.000000000000 123      
401 CENTER STREET 1987-06-30 379,408 379,408 SL 15.000000000000 0      
BUILDING 401 CENTER 1989-06-30 899,051 899,051 SL 15.000000000000 0      
ELEVATOR 1989-06-30 38,000 38,000 SL 10.000000000000 0      
BUILDING 401 CENTER 1990-06-30 266,675 266,675 SL 15.000000000000 0      
RENOVATIONS 1992-06-30 21,590 21,590 SL 15.000000000000 0      
RENOVATIONS/KITCHEN 1993-06-30 30,148 30,148 SL 15.000000000000 0      
ROOF 1993-06-30 16,035 16,035 SL 15.000000000000 0      
FLOORING 1998-06-30 1,445 1,445 SL 10.000000000000 0      
CARPETING 1999-01-18 4,746 4,746 SL 7.000000000000 0      
IMPROVEMENTS 2001-06-30 17,090 9,625 SL 40.000000000000 427      
ROOF 2001-05-30 25,020 14,163 SL 40.000000000000 626      
423-425 RACE AND NORTH BUILDING 1998-08-01 194,444 123,956 SL 40.000000000000 4,861      
FLOORING 1998-08-01 2,112 2,112 SL 10.000000000000 0      
PERSONAL CARE BUILDING 2000-04-30 5,597,139 3,244,657 SL 40.000000000000 139,928      
FURNITURE 1990-06-30 9,232 9,232 SL 7.000000000000 0      
TELEPHONE SYSTEM 1991-06-30 2,500 2,500 SL 7.000000000000 0      
COPIER 1991-06-30 1,833 1,833 SL 7.000000000000 0      
SNOWBLOWER 1991-06-30 1,413 1,413 SL 7.000000000000 0      
MISC EQUIPMENT 1991-06-30 2,780 2,780 SL 7.000000000000 0      
MISC EQUIPMENT 1992-06-30 4,083 4,083 SL 7.000000000000 0      
APPLIANCES 1993-06-30 6,564 6,564 SL 7.000000000000 0      
SNOWBLOWERS-3 1994-06-30 2,920 2,920 SL 7.000000000000 0      
OFFICE FURNITURE 1994-06-30 474 474 SL 7.000000000000 0      
APPLIANCES 1995-06-30 13,053 13,053 SL 7.000000000000 0      
APPLIANCES 1996-06-30 5,870 5,870 SL 7.000000000000 0      
FIRE EXTINGUISHERS 1996-06-30 509 509 SL 7.000000000000 0      
CURB STOPS 1996-06-30 418 418 SL 7.000000000000 0      
STAIRCHAIR 1997-06-30 9,148 9,148 SL 7.000000000000 0      
MISC EQUIP 1997-06-30 851 851 SL 7.000000000000 0      
MISC EQUIP 1998-06-30 551 551 SL 7.000000000000 0      
OFFICE FURNITURE 1998-06-30 2,681 2,681 SL 7.000000000000 0      
COMPUTER SYSTEMS 1998-06-30 15,450 15,450 SL 5.000000000000 0      
APPLIANCES 1983-06-30 9,900 9,900 SL 10.000000000000 0      
GENERATOR 1983-06-30 5,000 5,000 SL 10.000000000000 0      
TABLES AND CHAIRS 1983-06-30 911 911 SL 10.000000000000 0      
APPLIANCES 1993-06-30 430 430 SL 7.000000000000 0      
WATER HEATERS/APPLIANCES 1998-06-30 5,206 5,206 SL 7.000000000000 0      
APPLIANCES 1985-06-30 24,960 24,960 SL 10.000000000000 0      
SOCIAL ROOM FURNITURE 1988-06-30 1,033 1,033 SL 10.000000000000 0      
FURNITURE 1993-06-30 2,266 2,266 SL 10.000000000000 0      
APPLIANCES 1994-06-30 4,056 4,056 SL 7.000000000000 0      
SIMPLEX TIME RECORDER CO 1999-06-18 1,983 1,982 SL 7.000000000000 0      
INCLINATORS/ELEVATORS 1999-10-22 3,980 3,980 SL 7.000000000000 0      
APPLIANCES 1987-06-30 10,004 10,004 SL 10.000000000000 0      
APPLIANCES 1989-06-30 16,500 16,500 SL 10.000000000000 0      
APPLIANCES 1993-06-30 869 869 SL 10.000000000000 0      
TABLES AND CHAIRS 1993-06-30 4,601 4,601 SL 10.000000000000 0      
APPLIANCES 1998-06-30 668 666 SL 7.000000000000 0      
FURNITURE 1998-06-30 251 251 SL 7.000000000000 0      
APPLIANCES 1998-08-01 279 279 SL 7.000000000000 0      
FURNISHINGS AND EQUIPMENT 2000-06-30 1,157,076 1,157,076 SL 7.000000000000 0      
BUILDING 365 NORTH 1999-08-01 91,531 55,865 SL 40.000000000000 2,288      
BUILDING 330 MOORE ST 1999-09-01 4,500 2,750 SL 40.000000000000 113      
CARPETING 1999-09-01 2,019 2,019 SL 5.000000000000 0      
BUILDING 336 MOORE ST 1999-10-01 143,612 87,058 SL 40.000000000000 3,590      
CARPETING 1999-10-01 7,823 7,823 SL 5.000000000000 0      
SHED AND GARAGE DEMO 1999-10-01 2,000 1,213 SL 40.000000000000 50      
BUILDING 338 MOORE 1999-10-01 67,101 40,691 SL 40.000000000000 1,678      
CARPETING 1999-10-01 4,480 4,480 SL 5.000000000000 0      
BUILDING 364 MOORE STREET 2000-06-30 10,872 10,872 SL 40.000000000000 0      
BUILDING 366 MOORE ST 2000-06-30 11,627 11,627 SL 40.000000000000 0      
BUILDING 372 MOORE ST 2000-05-23 85,497 50,487 SL 40.000000000000 2,137      
BUILDING 427-429 RACE STREET 2000-10-06 13,590 13,590 SL 40.000000000000 0      
BUILDING RACE ST HANDY MKT 2000-06-30 85,708 50,450 SL 40.000000000000 2,143      
WALKWAY 2001-05-31 7,100 4,027 SL 40.000000000000 178      
STORE FIXTURES AND EQUIPMENT 2000-06-30 21,426 21,426 SL 5.000000000000 0      
IMPROVEMENTS 2003-01-20 13,289 6,945 SL 40.000000000000 332      
CHAIRS 2003-05-29 3,780 3,780 SL 7.000000000000 0      
COMPUTER-MIS 2003-10-15 3,540 3,540 SL 3.000000000000 0      
358 MOORE ST 2003-12-01 12,382 12,382 SL 40.000000000000 0      
342-354 MOORE STREET 2003-12-01 105,421 93,043 SL 40.000000000000 2,636      
FIREPROOF SAFE 2004-12-15 1,600 1,600 SL 7.000000000000 0      
FURNITURE AND EQUIPMENT 2004-01-01 506,191 506,191 SL 7.000000000000 0      
445 CENTER STREET 2004-04-01 13,153 13,153 SL 40.000000000000 0      
FURNACE FOR 445 CENTER STREET 2004-03-18 3,950 3,948 SL 7.000000000000 0      
ROOF FOR 401-403 MOORE STREET 2004-12-22 28,228 28,228 SL 15.000000000000 0      
PPC BUILDING IMPROVEMENTS 2002-01-01 6,791,051 3,443,189 SL 40.000000000000 169,776      
PPC BUILDING RENOVATIONS 2004-12-31 57,060 27,113 SL 40.000000000000 1,427      
PPC PHASE 2 IMPROVEMENTS 2003-12-01 442,463 241,256 SL 40.000000000000 11,062      
LAND-MEDICAL ROAD 2000-02-01 527,548 0 SL 39.000000000000 0      
SNOWBLOWER 1996-06-30 1,562 1,562 SL 7.000000000000 0      
ELEVATOR 1985-06-30 42,794 42,794 SL 10.000000000000 0      
PAVING 1985-06-30 5,870 5,870 SL 10.000000000000 0      
COMPUTER - MIS 2005-01-17 4,582 4,580 SL 5.000000000000 0      
AIR CONDITIONER 2005-09-26 7,930 7,930 SL 7.000000000000 0      
NEW ROOF - 338 MOORE 2005-11-03 4,754 4,754 SL 15.000000000000 0      
OFFICE REMODEL 2005-04-05 27,493 12,881 SL 40.000000000000 687      
REPLACEMENT WINDOWS 2006-10-09 70,200 70,200 SL 15.000000000000 0      
REPLACEMENT WINDOWS 2006-10-29 67,500 67,500 SL 15.000000000000 0      
ROOF REPLACEMENT-445 CENTER ST 2007-04-04 18,535 18,535 SL 15.000000000000 0      
FREDERICK CENTER-LAND ONLY 2007-01-01 969,881 0 SL 39.000000000000 0      
FREDERICK CENTER IMPROVEMENTS 2007-03-19 11,704 4,907 SL 40.000000000000 293      
NEW VEHICLE 2008-11-13 2,258 2,258 SL 7.000000000000 0      
BOILER-FRED CENTER 2008-07-07 7,567 7,567 SL 7.000000000000 0      
FREDERICK REMODEL 2008-07-18 16,900 6,521 SL 40.000000000000 423      
FREDERICK REMODEL 2010 2010-12-01 99,170 32,434 SL 40.000000000000 2,479      
FREDERICK REMODEL 2011 2011-07-01 48,721 15,225 SL 40.000000000000 1,218      
FREDERICK CHILLER UNIT 2011-07-01 46,138 46,138 SL 7.000000000000 0      
GENERATOR 2011-10-12 142,659 142,659 SL 10.000000000000 0      
CARPETING 2012-10-30 3,739 3,739 SL 5.000000000000 0      
REPAVING 2012-06-22 5,450 1,564 SL 40.000000000000 136      
REPAVING 2012-06-22 5,750 1,656 SL 40.000000000000 144      
AWNING 2013-06-30 10,530 2,762 SL 40.000000000000 263      
FRONT REMODEL 2013-06-30 169,705 44,551 SL 40.000000000000 4,243      
TRUCK 2013-06-30 23,522 23,520 SL 7.000000000000 0      
INTERCOM 2013-06-30 104,278 104,278 SL 7.000000000000 0      
401 MOORE ST IMPROVEMENTS 2014-06-30 41,249 26,125 SL 15.000000000000 2,750      
401/403 MOORE ST ROOF 2015-06-30 35,500 20,119 SL 15.000000000000 2,367      
OFFICE REMODEL 2015-06-30 37,326 7,931 SL 40.000000000000 933      
AIR CONDITIONER 2015-06-30 8,109 8,106 SL 7.000000000000 0      
ICE CREAM MACHINE 2015-06-30 2,025 2,024 SL 7.000000000000 0      
DISHWASHER 2015-06-30 4,721 4,718 SL 7.000000000000 0      
354 MOORE RAZE 2015-12-09 26,850 0 SL 0.000000000000 0      
APT 109 IMPROVEMENTS 2016-10-11 10,202 1,849 SL 40.000000000000 255      
401 CENTER 2016-10-18 17,006 3,046 SL 40.000000000000 425      
401 MOORE 2016-06-30 20,586 10,290 SL 15.000000000000 1,372      
FIRE ALARM SYSTEM 2016-09-01 146,268 146,265 SL 7.000000000000 0      
CALL SYSTEM 2016-06-30 20,107 20,106 SL 5.000000000000 0      
DODGE DAKOTA 2016-10-01 17,039 17,039 SL 5.000000000000 0      
VAN 2016-10-01 26,500 26,500 SL 5.000000000000 0      
RENOVATIONS (PPC) (FEB 2017) 2017-02-28 53,688 9,170 SL 40.000000000000 1,342      
TABLES AND CHAIRS (PPC) (JUN 2017) 2017-06-27 31,364 20,384 SL 10.000000000000 3,136      
RENOVATIONS (330 MOORE) (JUL 2017) 2017-04-30 78,576 13,094 SL 40.000000000000 1,964      
RENOVATIONS (401/403 MOORE) (JAN 2017) 2017-01-31 10,153 1,757 SL 40.000000000000 254      
258 MOORE RAZE (AUG 2018) 2018-08-14 13,000 0 SL 0.000000000000 0      
2008 FORD TAURUS (JAN 2018) 2018-01-23 7,667 6,479 SL 7.000000000000 1,095      
TIME CLOCKS (JAN 2018) 2018-01-30 4,806 4,064 SL 7.000000000000 687      
NURSE CALL PHONES (SEPT 2019) 2019-09-17 10,430 6,333 SL 7.000000000000 1,490      
AC UNITS (SEPT 2019) 2019-09-26 23,416 14,216 SL 7.000000000000 3,345      
445 CENTER RAZE (JULY 2019) 2019-07-26 18,000 0 SL 0.000000000000 0      
PASSENGER VAN (NOV 2019) 2019-11-08 18,000 8,333 SL 9.000000000000 2,000      
NISSAN VAN 2020-11-23 8,500 5,242 SL 5.000000000000 1,700      
354 LOT 2019-12-31 12,382 0 SL 0.000000000000 0      
APPLIANCES (423-425 RACE STREET) 2021-01-05 4,929 2,112 SL 7.000000000000 704      
SURVEILLANCE SYSTEM (PPC) 2021-04-20 3,221 1,227 SL 7.000000000000 460      
FLOORING (PPC) 2022-05-16 41,581 4,158 SL 15.000000000000 2,772      
WALK IN FRIDGE/FREEZER (PPC) 2022-01-03 48,031 4,803 SL 15.000000000000 3,202      
FLOORING (300 MOORE) 2022-08-09 24,927 7,478 SL 5.000000000000 4,985      
WINDOWS (300 MOORE) 2022-09-12 4,711 221 SL 27.500000000000 171      
ELEVATOR SYSTEM (401-403 MOORE) 2022-06-28 11,614 459 SL 39.000000000000 298      
REPAVING (401 CENTER) 2022-06-28 3,365 336 SL 15.000000000000 224      
ELEVATOR MODERNIZATION (401 CENTER) 2022-04-12 53,200 2,330 SL 39.000000000000 1,364      
PARKING LOT 2022-08-30 6,200 620 SL 15.000000000000 413      
IMPROVEMENTS & REMODELING (401 CENTER STREET) 2022-09-27 2,650 124 SL 27.500000000000 96      
PORCH RENOVATIONS (PPC) 2023-02-07 4,777 159 SL 15.000000000000 318      
BOILER (PPC) 2023-10-25 70,765 378 SL 39.000000000000 1,814      
FLOORING (PPC) 2023-07-11 5,300 177 SL 15.000000000000 353      
LAWN MOWER (300 MOORE STREET) 2023-07-13 6,450 461 SL 7.000000000000 921      
AC UNITS - PPC 2024-06-03 25,718   SL 39.000000000000 357      
COMM WASHING MACHINE 2024-11-12 15,096   200DB 7.000000000000 539      
FLOORING - PPC 2024-06-03 7,208   SL 15.000000000000 300      
ELEVATOR SYSTEM - 401/403 MOORE 2024-10-28 34,962   SL 39.000000000000 187      

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 GainLossSaleOtherAssetsSch
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
LONG TERM STOCK SALES   Purchased     3,047,271 2,298,776     748,495  
SHORT TERM STOCK SALES   Purchased     597,451 567,512     29,939  
CAPITAL GAIN DISTRIBUTIONS   Purchased     31,958       31,958  

TY 2024 InvestmentsCorpStockSchedule
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Name of Stock End of Year Book Value End of Year Fair Market Value
US 10,515,865 12,137,409

TY 2024 InvestmentsGovtObligationsSch
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
US Government Securities - End of Year Book Value:

5,000
US Government Securities - End of Year Fair Market Value:

5,000
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsLandSchedule2
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND AND BLDS - RENTED 1,954,076 392,411 1,561,665  
LAND AND BLDS - NOT RENTED 527,548 0 527,548  

TY 2024 LandEtcSchedule2
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BLDGS AND EQUIPMENT 20,997,083 14,635,545 6,361,538  


TY 2024 LegalFeesSchedule
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
VARIOUS CONSULTATION 0      


TY 2024 OtherExpensesSchedule
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 121,132 13,886 107,246  
REPAIRS AND MAINT 154,907 40,981 113,926  
SUPPLIES 25,307   25,307  
INSPECTIONS AND PERMITS        
OFFICE EXPENSE 8,205 2,389 5,816  
BUILDING DECOR 3,088 0 3,088  
FOOD FOR RESIDENTS 123,331   123,331  
EQUIPMENT CONTRACTS 105,368 38,939 66,429  
ADVERTISING 2,818 2,268 550  
DUES & SUBSCRIPTIONS 640   640  
RESIDENT ACTIVITY 16,482   16,482  
MISC        
TELEPHONE 13,344 1,871 11,473  
TRAINING        
CLEANING 66,155 66,155    


TY 2024 OtherIncomeSchedule2
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PERSONAL CARE CENTER ROOM AND BOARD 2,125,180   2,125,180
PERSONAL CARE SERVICES 76,343   76,343
MISC 16,717   16,717


TY 2024 OtherProfessionalFeesSchedule
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
VARIOUS CLERGY 6,345   6,345  
VARIOUS INVESTMENT FEES 102,910 102,910    


TY 2024 TaxesSchedule
Name:
CHARLES P & MARGARET E POLK FOUNDATION
EIN:
23-6296772
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REAL ESTATE 226,463 65,110 161,353  
PAYROLL TAX 171,569 5,579 165,991  
INVESTMENT INCOME TAX 0 0 0