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

20-3291660
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$42,038,100J 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) 2,134,590
2 Check right arrow.............
3 Interest on savings and temporary cash investments 101,047 101,047  
4 Dividends and interest from securities... 918,566 918,566  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 617,501
b Gross sales price for all assets on line 6a 17,327,055
7 Capital gain net income (from Part IV, line 2)... 617,501
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
83,707 83,707  
12 Total. Add lines 1 through 11........ 3,855,411 1,720,821  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
160 0 0 160
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
132,287 132,287    
17 Interest............... 217 217    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
90,131 131    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
110,182 28,613   77,265
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 332,977 161,248 0 77,425
25 Contributions, gifts, grants paid....... 1,645,500 1,645,500
26 Total expenses and disbursements. Add lines 24 and 25 1,978,477 161,248 0 1,722,925
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,876,934
b Net investment income (if negative, enter -0-) 1,559,573
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......... 4,992,351 3,209,518 3,209,518
3 Accounts receivable right arrow1,107
Less: allowance for doubtful accounts right arrow   165,361 1,107 1,107
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 10,616,011 Click to see attachment
List of Attached Documents:
// Content
10,625,317 		10,868,701
b Investments—corporate stock (attach schedule)....... 19,182,616 Click to see attachment
List of Attached Documents:
// Content
21,661,664 		23,215,843
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).......... 3,184,075 Click to see attachment
List of Attached Documents:
// Content
4,519,742 		4,742,931
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) 38,140,414 40,017,348 42,038,100
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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 38,140,414 40,017,348
29 Total net assets or fund balances (see instructions)..... 38,140,414 40,017,348
30 Total liabilities and net assets/fund balances (see instructions). 38,140,414 40,017,348
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
38,140,414
2
Enter amount from Part I, line 27a .....................
2
1,876,934
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
40,017,348
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
40,017,348
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c BROWN ADVISORY REAL ESTATE PARTNERS 5 (B), LLLP P 2023-12-01 2024-05-17
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 17,327,055   16,828,059 498,996
b       118,938
c     433 -433
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       498,996
b        
c       -433
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 2 617,501
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 21,678
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 21,678
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 21,678
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 12,098
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,900
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,998
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 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 681
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 arrow   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 arrowSC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
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
 
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
Ann P Cullen Trustee, Chairperson
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Richard T Pelham Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
William H Pelham Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Brown Advisory Investment Mgmt 132,287
1801 Pennsylvania Ave NW SUITE 1300
WASHINGTON,DC20006
Foundation Source Administrative 77,265
55 Walls Drive Ste 302
Fairfield,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
33,103,074
b
Average of monthly cash balances.......................
1b
1,990,624
c
Fair market value of all other assets (see instructions)................
1c
3,326,423
d
Total (add lines 1a, b, and c).........................
1d
38,420,121
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
38,420,121
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
576,302
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
37,843,819
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,892,191
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
1,892,191
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
21,678
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
21,678
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,870,513
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,870,513
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
1,870,513
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
1,722,925
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
1,722,925
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 1,870,513
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...... 203,336
b From 2020...... 473,842
c From 2021...... 747,356
d From 2022...... 306,776
e From 2023......  
f Total of lines 3a through e ........ 1,731,310
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,722,925
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)........ 		 
d Applied to 2024 distributable amount..... 1,722,925
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 147,588 147,588
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,583,722
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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) ... 		55,748
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,527,974
10 Analysis of line 9:
a Excess from 2020.... 473,842
b Excess from 2021.... 747,356
c Excess from 2022.... 306,776
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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.
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

AMERICAN HEART ASSOCIATION

3620 PELHAM RD PMB 39
GREENVILLE,SC29615 		N/A PC Blood Pressure Cuffs fund 10,000

ANACOSTIA WATERSHED SOCIETY INC

4302 BALTIMORE AVE
BLADENSBURG,MD20710 		N/A PC General & Unrestricted 2,500

ARLINGTON FREE CLINIC INC

2921 11TH ST SOUTH
ARLINGTON,VA22204 		N/A PC General & Unrestricted 50,000

AVALON THEATRE PROJECT INC

5612 CONNECTICUT AVE NW
WASHINGTON,DC20015 		N/A PC Charitable Event 5,000

CAMPERDOWN ACADEMY INC

65 VERDAE COMMONS DR
GREENVILLE,SC29607 		N/A PC All areas of study Scholarship Fund 15,000

CANCER SURVIVORS PARK ALLIANCE

PO BOX 9428
GREENVILLE,SC29604 		N/A PC The Turning Point Tree sculpture 50,000

CAPITAL AREA FOOD BANK

4900 PUERTO RICO AVE NE
WASHINGTON,DC20017 		N/A PC General & Unrestricted 5,000

CHESAPEAKE BAY FOUNDATION INC

6 HERNDON AVE
ANNAPOLIS,MD21403 		N/A PC Charitable Event 10,000

CHESAPEAKE BAY FOUNDATION INC

6 HERNDON AVE
ANNAPOLIS,MD21403 		N/A PC General & Unrestricted 75,000

CHESAPEAKE BAY FOUNDATION INC

6 HERNDON AVE
ANNAPOLIS,MD21403 		N/A PC general purposes including to support repairs and other work on the DC-based education boat 15,000

CHRIST CHURCH EPISCOPAL SCHOOL

245 CAVALIER DR
GREENVILLE,SC29607 		N/A PC General & Unrestricted 30,000

CLEMSON UNIVERSITY FOUNDATION

PO BOX 1889
CLEMSON,SC29633 		N/A PC Pelham Foundation Endowment for Architecture Scholars fund 300,000

COLLEGE PARK NURSERY SCHOOL INC

PO BOX 122
COLLEGE PARK,MD20741 		N/A PC General & Unrestricted 25,000

DUKE STUDENT PUBLISHING COMPANY INC

101 W UNION BLDG BOX 90858
DURHAM,NC27708 		N/A PC General & Unrestricted 40,000

DUKE UNIVERSITY

PO BOX 90581
DURHAM,NC27708 		N/A PC Trinity College Annual Fund 25,000

DUKE UNIVERSITY

PO BOX 90581
DURHAM,NC27708 		N/A PC Nasher Museum of Art Annual Fund 3,000

DUKE UNIVERSITY

PO BOX 90581
DURHAM,NC27708 		N/A PC Sarah P. Duke Gardens Annual Fund 3,000

DUKE UNIVERSITY

PO BOX 90581
DURHAM,NC27708 		N/A PC Jean & Heyward Pelham Scholarship Fund 100,000

DUKE UNIVERSITY

PO BOX 90581
DURHAM,NC27708 		N/A PC Garden Gateway Capital Campaign 100,000

DUKE UNIVERSITY

PO BOX 90581
DURHAM,NC27708 		N/A PC University Libraries Annual Fund 3,000

ENDANGERED SPECIES COALITION

1345 A ST NE
WASHINGTON,DC20002 		N/A PC Support creation and publication of a book by Steve Dryden of Rock Creek Songbirds about the years-long work on Rock Creek Songbirds habitat restoration, with the goal of inspiring and guiding similar citizen-led projects 2,500

FINE ARTS CENTER PARTNERS

102 PINE KNOLL DR
GREENVILLE,SC29609 		N/A PC Charitable Event 2,500

FINE ARTS CENTER PARTNERS

102 PINE KNOLL DR
GREENVILLE,SC29609 		N/A PC Charitable Event 10,000

FINE ARTS CENTER PARTNERS

102 PINE KNOLL DR
GREENVILLE,SC29609 		N/A PC Charitable Event 5,000

FRIENDS OF THE NATIONAL ARBORETUM INC

3501 NEW YORK AVE NE
WASHINGTON,DC20002 		N/A PC General & Unrestricted 2,500

FURMAN UNIVERSITY

3300 POINSETT HWY
GREENVILLE,SC29613 		N/A PC Jean Timmons Pelham Endowed Scholarship fund 200,000

FURMAN UNIVERSITY

3300 POINSETT HWY
GREENVILLE,SC29613 		N/A PC Support of Renovation and Expansion of Timmons Arena 100,000

GREATER DC DIAPER BANK

8860 MONARD DR
SILVER SPRING,MD20910 		N/A PC General & Unrestricted 5,000

GREENVILLE ARTS FESTIVAL

101 B AUGUSTA ST
GREENVILLE,SC29601 		N/A PC General & Unrestricted 25,000

GREENVILLE ARTS FESTIVAL

101 B AUGUSTA ST
GREENVILLE,SC29601 		N/A PC Five Year Public Art installation fund 5,000

GREENVILLE CENTER FOR CREATIVE ARTS

PO BOX 2206
GREENVILLE,SC29602 		N/A PC Linda Furman Naming Campaign 10,000

HARVEST HOPE FOOD BANK

PO BOX 451
COLUMBIA,SC29202 		N/A PC General & Unrestricted 2,500

KAABO CLAY

943 PATTERSON DR
SARASOTA,FL34234 		N/A PC General & Unrestricted 5,000

KIND INC

PO BOX 27839
WASHINGTON,DC20038 		N/A PC General & Unrestricted 5,000

LAMBDA LEGAL DEFENSE AND EDUCATION FUND INC

120 WALL ST 19TH FL
NEW YORK,NY10005 		N/A PC General & Unrestricted 10,000

METROPOLITAN ARTS COUNCIL

16 AUGUSTA ST
GREENVILLE,SC29601 		N/A PC SmartArts support and Open Studios support 19,000

NEIGHBORHOOD CANCER CONNECTION

113 MILLS AVE
GREENVILLE,SC29605 		N/A PC General & Unrestricted 40,000

PEACE CENTER FOUNDATION

101 WEST BROAD ST
GREENVILLE,SC29601 		N/A PC General & Unrestricted 15,000

SC NEW PLAY FESTIVAL INC

PO BOX 1205
GREENVILLE,SC29602 		N/A PC General & Unrestricted 20,000

SHOES THAT FIT

150 W 1ST ST STE 170
CLAREMONT,CA91711 		N/A PC General & Unrestricted 15,000

SIGAL MUSIC MUSEUM

516 BUNCOMBE ST
GREENVILLE,SC29601 		N/A PC Signage for recent exhibition 5,000

SIGAL MUSIC MUSEUM

516 BUNCOMBE ST
GREENVILLE,SC29601 		N/A PC General & Unrestricted 5,000

SIGNATURE THEATRE INC

4200 CAMPBELL AVE
ARLINGTON,VA22206 		N/A PC General & Unrestricted 75,000

SMILE TRAIN INC

PO BOX 96231
WASHINGTON,DC20090 		N/A PC General & Unrestricted 10,000

THE WAREHOUSE THEATRE

37 AUGUSTA ST
GREENVILLE,SC29601 		N/A PC General & Unrestricted 55,000

UNITED HELP UKRAINE

PO BOX 83426
GAITHERSBURG,MD20878 		N/A PC DEFENDER'S AID PROGRAM within UHU 15,000

UNITED HELP UKRAINE

PO BOX 83426
GAITHERSBURG,MD20878 		N/A PC UHU's DEFENDER'S AID PROGRAM 15,000

UNIVERSITY OF MARYLAND MEDICAL SYSTEM CORPORATION

8525 E ORCHARD RD 8T3
GREENWOOD VILLAGE,CO80111 		N/A PC Roslyn and Leonard Stoler Center for Advanced Medicine 100,000
Total .................................right arrow 3a 1,645,500
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 101,047  
4 Dividends and interest from securities ....     14 918,566  
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 ............ 		    18 617,501  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		    14 83,707  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,720,821  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,720,821
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
Jean T and Heyward G Pelham Foundation
 
Employer identification number

20-3291660
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
Jean T and Heyward G Pelham Foundation
  		Employer identification number
20-3291660
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Heyward Gibbes Pelham Testamentary
PO Box 8698
 
Greenville, SC29604

$ 2,134,590


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
Jean T and Heyward G Pelham Foundation
  		Employer identification number

20-3291660
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
Jean T and Heyward G Pelham Foundation
  		Employer identification number

20-3291660
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


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Software Version:  

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TY 2024 DepreciationSchedule
Name:
Jean T and Heyward G Pelham Foundation
EIN:
20-3291660
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpStockSchedule
Name:
Jean T and Heyward G Pelham Foundation
EIN:
20-3291660
Name of Stock End of Year Book Value End of Year Fair Market Value
AGILENT TECHNOLOGIES INC 43,737 42,183
AIRBNB 88,370 75,167
ALBANY INTERNATIONAL CORP 29,815 25,670
ALPHABET INC CL A 94,582 126,452
AMAZON COM 187,048 254,054
ARES MANAGEMENT CORPORATION 67,352 80,549
ARTISAN HIGH INCOME FUND CL IN 1,080,000 1,090,788
ASSURED GUARANTY LTD 31,961 37,804
AVANOS MEDICAL, INC. 31,049 24,724
BANCORP INC 46,845 58,261
BEL FUSE CL B 9,394 9,319
BEL FUSE INC. CL A 9,940 12,341
BRISTOW GROUP INC 19,890 23,290
BROWN ADVISORY BEUTEL GOODMAN 2,839,401 2,889,669
BROWN ADVISORY GLOBAL LEADERS 1,000,000 1,138,853
BROWN ADVISORY SOMERSET EMERGI 1,350,000 1,456,080
C T S CP 16,269 20,037
CABLE ONE INC 32,209 22,814
CADENCE DESIGN SYSTEMS INC 79,751 86,532
CARRIER GLOBAL 29,629 29,215
CHIPOTLE MEX GRILL 48,988 63,556
CRANE NXT ORD SHS 23,503 23,404
CURBLINE PROPERTIES CORP 13,798 14,559
CURTISS WRIGHT CP 16,695 22,712
DANAHER CORP 87,680 87,459
DATADOG INC 42,194 47,439
DIME COMMUNITY BANCSHARES INC 20,644 23,236
DYNATRACE 72,223 72,720
EAGLE MATERIALS INC 51,001 57,002
EASTERN BANKSHARES INC 37,916 42,228
ECOLAB INC 41,717 48,504
ENPRO INDUSTRIES INC 33,692 37,249
ESSENTIAL PROPERTIES REALTY TR 25,618 29,309
EXPRO GROUP HOLDINGS ORD SHS 22,575 17,583
FIRST INTERSTATE BANCSYSTEM IN 23,773 25,197
FORTIVE CORPORATION 36,598 36,825
GALLAGHER ARTHUR J & CO 82,794 98,212
GENERAL ELECTRIC CO 53,109 49,370
GETTY RLTY HLDG CO 14,661 14,643
GLOBAL MEDICAL REIT INC 11,757 8,129
GLOBAL NET LEASE INC COM 16,521 13,855
GRDN 24,676 22,266
HANOVER INS GROUP 28,242 34,025
HORACE MANN EDUCATOR 25,399 28,010
IAC INTERACTIVE CORP 32,013 26,876
INGEVITY CORPORATION 29,298 26,365
INTUIT 136,668 138,270
INTUITIVE SURGICAL 47,294 51,674
ISHARES S&P 500 INDEX FD 1,881,691 2,346,478
ISHARES S&P SMALLCAP 600 GROWT 1,283,211 1,223,474
KADANT INC 22,234 26,219
KINDERCARE LEARNING COMPANIES 5,950 5,892
KKR & CO INC 95,688 147,023
KLA TENCOR CORP 64,544 60,492
LA Z BOY INC 20,391 23,266
LADDER CAPITAL CORP 27,502 26,084
LAZARD GLOBAL LISTED INFRASTRU 1,635,694 1,679,558
MARVELL TECHNOLOGY, INC 79,576 140,272
MGIC INVESTMENT CORP 24,569 27,788
MICROSOFT CORP 196,951 216,651
MODINE MFG CO 30,593 49,038
MONARCH CASINO AND RESORT INC 12,165 13,650
MONOLITHIC POWER SYSTEMS, INC 73,832 69,821
MONRO MUFFLER BRAKE, INC 17,069 13,888
MSCI INC 57,366 61,201
MUELLER WATER PRODUCTS INC 14,877 20,903
MURPHY USA INC 9,704 12,544
NCR ATLEOS CORP 43,726 60,581
NCR VOYIX CORPORATION 45,493 43,347
NEXSTAR MEDIA GROUP, INC 17,257 16,745
NOMAD FOODS LIMITED 47,725 44,819
NVIDIA CORP 95,043 260,388
OCEANEERING INTL INC 27,775 32,391
OLD NATIONAL BANCORP 33,844 41,326
ORION ENGINEERED CARBONS SA 49,847 33,601
OSI SYSTEMS, INC 31,682 33,319
PACIFIC PREMIER BANCORP INC 33,271 28,558
PATTERSON COMPANIES INC COM 15,206 18,269
PC CONNECTION 7,350 7,343
PEAPACK GLADSTONE FINANCIAL CO 11,626 12,435
PEOPLES BANCORP INC 20,607 19,775
PIMCO MORTGAGE OPPORTUNITIES F 500,000 491,471
PORTLAND GEN ELEC 22,645 22,290
PROGRESSIVE CORP OHIO 97,114 113,096
REX AMERICAN RESOURCES CORPORA 25,586 22,971
SEACOAST BANKING CORPORATION O 20,046 20,207
SENSATA TECHNOLOGIES HOLDINGS 40,232 27,811
SERVICE NOW 92,862 139,936
SHUTTERSTOCK INC 31,374 21,093
SIGNET GROUP PLC SPONS ADR NAS 48,594 39,629
SITE CENTERS CORP 14,882 4,618
SITIO ROYALTIES CORP 23,184 19,276
STAR GROUP 9,863 8,955
TALEN ENERGY CORP 42,871 78,976
TENNANT CO 38,819 32,612
THE TRADE DESK INC 23,044 21,038
THERMO FISHER SCIENTIFIC INC 58,238 57,225
THERMON GROUP HOLDINGS INC 24,232 22,383
UBER 79,624 76,908
VANGUARD BALANCED INDEX FD ADM 3,487,321 3,799,111
VERALTO CORPORATION 50,429 60,703
VERISK ANALYTICS, INC 53,928 62,523
VIRTUS INVESTMENT PTNRS, INC 15,512 14,558
VISA INC 110,409 134,317
VOYA INT'L BOND FD CLASS I 2,255,000 2,169,461
WEST PHARMA SVCS INC 86,612 82,218
WHITE MTN INS LTD 23,718 29,176
WILEY JOHN & SONS INC CL A 36,169 32,214
WORKDAY INC 73,148 71,474
WSFS FINANCIAL CORPORATION 26,513 29,593
YETI HOLDINGS, INC. 27,347 28,382

TY 2024 InvestmentsGovtObligationsSch
Name:
Jean T and Heyward G Pelham Foundation
EIN:
20-3291660
US Government Securities - End of Year Book Value:

10,625,317
US Government Securities - End of Year Fair Market Value:

10,868,701
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsOtherSchedule2
Name:
Jean T and Heyward G Pelham Foundation
EIN:
20-3291660
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BROWN ADVISORY INVESTORS SI IN   1,748,485 1,705,522
BROWN ADVISORY PRIVATE EQUITY   13,249 15,369
BROWN ADVISORY PRIVATE INCOME   131,078 129,013
BROWN ADVISORY REAL ESTATE PAR   113,534 82,745
BROWN ADVISORY VENTURE CAPITAL   13,396 25,636
CANTILLION GLOBAL EQUITY CLASS   1,000,000 1,090,117
HUDSON BAY INTERNATIONAL FUND,   1,500,000 1,694,529

TY 2024 LegalFeesSchedule
Name:
Jean T and Heyward G Pelham Foundation
EIN:
20-3291660
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General Consultations 160     160


TY 2024 OtherExpensesSchedule
Name:
Jean T and Heyward G Pelham Foundation
EIN:
20-3291660
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 77,265     77,265
Bank Charges 40 40    
K-1 Exp BROWN ADVISORY INVESTO 21,895 18,044    
K-1 EXP BROWN ADVSY PRIVATE EQ 3,047 2,594    
K-1 EXP BROWN ADVISORY PRIVATE 3,123 3,123    
K-1 Exp BROWN ADVISORY REAL ES 1,815 1,815    
K-1 Exp BROWN ADVISORY VENTURE 2,997 2,997    


TY 2024 OtherIncomeSchedule2
Name:
Jean T and Heyward G Pelham Foundation
EIN:
20-3291660
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss BROWN ADVISORY INVESTORS SI INTERNAT 78,176 78,176  
K-1 Inc/Loss BROWN ADVISORY PRIVATE EQUITY PARTNE -264 -264  
K-1 Inc/Loss BROWN ADVISORY PRIVATE INCOME PARTNE 10,433 10,433  
K-1 Inc/Loss BROWN ADVISORY RE PTNS 5(A) -5,096 -5,096  
K-1 Inc/Loss BROWN ADVISORY RE PTNS 5(B) 433 433  
K-1 Inc/Loss BROWN ADVISORY VENTURE CAPITAL PARTN 25 25  


TY 2024 OtherProfessionalFeesSchedule
Name:
Jean T and Heyward G Pelham Foundation
EIN:
20-3291660
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 132,287 132,287    


TY 2024 TaxesSchedule
Name:
Jean T and Heyward G Pelham Foundation
EIN:
20-3291660
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 11,200      
990-PF Extension for 2023 78,800      
Foreign Tax Paid 131 131