Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025
Name of foundation
THE ISABEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)111 E COURT STREET 3D
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FLINT, MI485021649
A Employer identification number

38-2853004
B Telephone number (see instructions)

(810) 767-0136
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$88,312,914J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,794,273 1,795,766  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,757,437
b Gross sales price for all assets on line 6a 10,171,551
7 Capital gain net income (from Part IV, line 2)... 1,757,437
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).......      
12 Total. Add lines 1 through 11........ 3,551,710 3,553,203  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 83,000 4,150   78,850
14 Other employee salaries and wages...... 87,500 0   87,500
15 Pension plans, employee benefits....... 36,957 1,773   35,184
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
898 898   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,000 0   15,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
169,650 135,000   34,650
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
72,241 21,530   12,711
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
542 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 24,507 508   23,999
22 Printing and publications.......... 2,662 0   2,662
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
202,112 191,255   10,857
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 695,069 355,114   301,413
25 Contributions, gifts, grants paid....... 3,292,000 3,292,000
26 Total expenses and disbursements. Add lines 24 and 25 3,987,069 355,114   3,593,413
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -435,359
b Net investment income (if negative, enter -0-) 3,198,089
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 70,649 178,655 178,655
2 Savings and temporary cash investments......... 2,355,865 1,955,927 1,955,927
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 45,824,223 Click to see attachment
List of Attached Documents:
// Content
48,964,030 		48,964,030
c Investments—corporate bonds (attach schedule)....... 9,429,161 Click to see attachment
List of Attached Documents:
// Content
9,429,173 		9,429,173
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).......... 21,437,016 Click to see attachment
List of Attached Documents:
// Content
23,666,642 		23,666,642
14 Land, buildings, and equipment: basis right arrow2,709
Less: accumulated depreciation (attach schedule) right arrow1,852 1,399 Click to see attachment
List of Attached Documents:
// Content
857 		857
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,132,129 		Click to see attachment
List of Attached Documents:
// Content
4,117,630 		Click to see attachment
List of Attached Documents:
// Content
4,117,630
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 83,250,442 88,312,914 88,312,914
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 83,250,442 88,312,914
29 Total net assets or fund balances (see instructions)..... 83,250,442 88,312,914
30 Total liabilities and net assets/fund balances (see instructions). 83,250,442 88,312,914
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
83,250,442
2
Enter amount from Part I, line 27a .....................
2
-435,359
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,497,831
4
Add lines 1, 2, and 3 ..........................
4
88,312,914
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
88,312,914
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 4000 SHS ENVESTNET INC P 2023-10-03 2024-07-11
b 41.984 SHS YORK CREDIT OPPTN - A/8 SERIES P 2011-08-01 2024-07-24
c 3700 SHS RESTAURANT BRANDS INTL INC P 2024-03-08 2024-07-29
d 1500 SHS NIKE INC CL B P 2020-03-09 2024-09-11
e 1525 SHS PAYPAL HOLDINGS INC SHS P 2022-02-24 2024-09-11
42998.48 SHS VANGUARD SHORT-TERM TREASURY FUND P 2022-10-03 2024-10-21
7625 SHS NEXTERA ENERGY PARTNERS P 2024-01-11 2024-11-12
APOLLO NATURAL RESOURCES P 2012-01-01 2024-12-31
10350 SHS BLACKSTONE SECD LENDING FD P 2023-02-13 2025-01-03
4075.312 SHS VANGUARD REIT INDEX FUND P 2023-02-22 2025-01-17
7612.591 SHS VANGUARD REIT INDEX FUND P 2021-01-05 2025-01-17
245 SHS META PLATFORMS INC P 2022-11-10 2025-01-30
3740 SHS VANGUARD UTILITIES INDEX FUND P 2021-05-11 2025-04-07
1525 SHS PAYPAL HOLDINGS INC P 2024-11-07 2025-06-11
1750 SHS PAYPAL HOLDINGS INC P 2014-06-18 2025-06-11
1950 SHS PEPSICO INC P 2009-08-13 2025-06-11
MFO D&D SMID CAP VALUE FUND P   2024-12-31
MFO D&D SMID CAP VALUE FUND P   2024-12-31
MFO - TOWLE FUND P   2024-12-31
MFO - TOWLE FUND P   2024-12-31
MFO - WESTFIELD FUND B P   2024-12-31
MFO - WESTFIELD FUND B P   2024-12-31
ANRP (EPE AIV) L.P. P   2024-12-31
ANRP INTERNATIONAL HOLDINGS, LP P   2024-12-31
APOLLO NATURAL RESOURCES PARTNERS LP P   2024-12-31
ARBORETUM IV, L.P. P   2024-12-31
CROSSLINK VENTURES VI, L.P. P   2024-12-31
DFJ GROWTH IV, L.P. P   2024-12-31
DFJ GROWTH IV, L.P. P   2024-12-31
TACONIC CRE DISLOCATION FUND LP P   2024-12-31
TRP CAPITAL PARTNERS, LP P   2024-12-31
TRP CAPITAL PARTNERS V LP P   2024-12-31
MFO - TOWLE FUND P   2025-06-30
HUNTER POINT CAPITAL INVESTORS LP P   2024-12-31
IMPACT VENTURES III, LP P   2024-12-31
IMPACT VENTURES IV LP P   2024-12-31
TACONIC CRE DISLOCATION FUND II LP P   2024-12-31
SOF-XIII VIP TE, LP P   2024-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 246,668   167,843 78,825
b 3,657   5,402 -1,745
c 253,191   298,183 -44,992
d 115,982   127,412 -11,430
e 105,012   151,456 -46,444
424,395   429,125 -4,730
119,865   188,507 -68,642
    18,653 -18,653
335,556   255,567 79,989
518,135   490,074 28,061
967,865   845,934 121,931
171,535   26,764 144,771
298,700   270,352 28,348
114,001   125,294 -11,293
130,821   52,434 78,387
253,676   110,110 143,566
192,666   203,910 -11,244
1,033,619   678,558 355,061
1,415,763   1,614,160 -198,397
2,198,693   1,680,964 517,729
332,229   292,112 40,117
490,530   369,761 120,769
    1,299 -1,299
12     12
    2,370 -2,370
1,123     1,123
    729 -729
8     8
    6,423 -6,423
1,570     1,570
260,384     260,384
121,011     121,011
20,432     20,432
148     148
33,182     33,182
    409 -409
    309 -309
1,808     1,808
9,314     9,314
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       78,825
b       -1,745
c       -44,992
d       -11,430
e       -46,444
      -4,730
      -68,642
      -18,653
      79,989
      28,061
      121,931
      144,771
      28,348
      -11,293
      78,387
      143,566
      -11,244
      355,061
      -198,397
      517,729
      40,117
      120,769
      -1,299
      12
      -2,370
      1,123
      -729
      8
      -6,423
      1,570
      260,384
      121,011
      20,432
      148
      33,182
      -409
      -309
      1,808
      9,314
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 1,757,437
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 44,453
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 44,453
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 44,453
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 48,273
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 48,273
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 3,820
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow3,820 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowMI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.ISABEL.ORG
14
The books are in care ofright arrowGREGORY M TAUNTON Telephone no.right arrow (810) 767-0136

Located atright arrow111 E COURT STREET SUITE 3DFLINTMI ZIP+4right arrow485021649
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
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
TIFFANY W LOVETT PRESIDENT & TRUSTEE
20.00 		83,000 35,457 0
111 EAST COURT STREET SUITE 3D
FLINT,MI485021649
RIDGWAY H WHITE V/P, TREASURER, SECRETARY & TRUSTEE
0.00 		0 0 0
111 EAST COURT STREET SUITE 3D
FLINT,MI485021649
JENNIFER HEBERT TRUSTEE
0.00 		0 0 0
111 EAST COURT STREET SUITE 3D
FLINT,MI485021649
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
CAROLEEN SCHOLET PROGRAM OFFICER
40.00 		87,500 1,500 0
111 E COURT ST SUITE 3D
FLINT,MI48502
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
MFO MANAGEMENT COMPANY INVEST. MGMT. & CONSULTING & ACCTG 150,000
111 E COURT ST SUITE 3D
FLINT,MI48502
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
64,533,850
b
Average of monthly cash balances.......................
1b
3,076,053
c
Fair market value of all other assets (see instructions)................
1c
15,644,304
d
Total (add lines 1a, b, and c).........................
1d
83,254,207
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
83,254,207
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,248,813
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
82,005,394
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,100,270
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
4,100,270
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
44,453
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
44,453
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,055,817
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,055,817
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,055,817
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
3,593,413
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,593,413
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 4,055,817
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 3,516,035
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,593,413
a Applied to 2023, but not more than line 2a 3,516,035
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 77,378
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		3,978,439
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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 e-mail address of the person to whom applications should be addressed:
ISABEL FOUNDATION
111 EAST COURT STREET SUITE 3D
FLINT,MI48502
(810) 767-0136
bThe form in which applications should be submitted and information and materials they should include:
INITIAL SUBMISSION SHOULD BE MADE ONLINE AT ISABEL.ORG
cAny submission deadlines:
FEBRUARY 1ST
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE ORGANIZATION WAS FORMED TO MAINTAIN A FUND OR FUNDS SO THE INCOME THEREFROM AND THE PRINCIPAL THEREOF CAN BE USED TO PROVIDE FINANCIAL SUPPORT TO RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL ACTIVITIES EITHER DIRECTLY, OR THROUGH DIRECT CONTRIBUTIONS, GIFTS AND GRANTS TO OTHER ORGANIZATIONS, WHICH CARRY ON SUCH ACTIVITIES AND ARE TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MAJORITY OF, AND AT LEAST SEVENTY-FIVE PERCENT OF, CONTRIBUTIONS, GIFTS AND GRANTS MADE ANNUALLY ARE TO BE MADE TO OTHER TAX-EXEMPT CHARITABLE AND RELIGIOUS ORGANIZATIONS DEDICATED TO SUPPORTING OR CONTRIBUTING TO THE CAUSE OF CHRISTIAN SCIENCE.
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

ADVENTURE UNLIMITED

5201 SOUTH QUEBEC STREET
GREENWOOD VILLAGE,CO80111 		NONE PC 2025-2027 PLEDGE - GENERAL OPERATING 250,000

ADVENTURE UNLIMITED

5201 SOUTH QUEBEC STREET
GREENWOOD VILLAGE,CO80111 		NONE PC GENERAL OPERATING, CAMPERSHIPS AND ANY OTHER UNEXPECTED NEEDS 15,000

ADVENTURE UNLIMITED

5201 SOUTH QUEBEC STREET
GREENWOOD VILLAGE,CO80111 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 2,000

ALBERT BAKER FUND THE

111 WOODMERE ROAD SUITE 210
FOLSAM,CA95630 		NONE PC 2023-2025 PLEDGE - BUILDING STUDENT LEARNING COMMUNITIES TO SUPPORT STUDENT EDUCATION AND CAREERS 30,000

ALBERT BAKER FUND THE

111 WOODMERE ROAD SUITE 210
FOLSAM,CA95630 		NONE PC 2025 TMC ANNUAL MEETING COSTS FOR TRIP INCLUDING YOUTH DINNER EVENT 12,000

ALBION COLLEGE

611 E PORTER STREET
ALBION,MI49224 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 5,000

ARDEN WOOD INC

445 WAWONA STREET
SAN FRANCISCO,CA94116 		NONE PC 2024-2026 PLEDGE - MATCHING 2025 & 2026 - GENERAL OPERATING 60,000

ARDEN WOOD INC

445 WAWONA STREET
SAN FRANCISCO,CA94116 		NONE PC CHRISTIAN SCIENCE CARE COOPERATIVE - WEST COAST WORKING SESSION SUPPORT AND AD CAMPAIGN 50,000

ASSOCIATION OF ORGANIZATIONS FOR CHRISTIAN SCIENCE NURSING

691 SPARTA DRIVE
ENCINITAS,CA92024 		NONE PC GENERAL OPERATING EXPENSES 18,000

BEACON HAVEN

1200 LONG LAKE ROAD
NEW BRIGHTON,MN55112 		NONE PC 2025-2027 PLEDGE - MATCH 2026 & 2027 - TO SUPPORT PROFESSIONAL DEVELOPMENT, MENTORING AND EDUCATION 25,000

BERKELEY HALL SCHOOL

16000 MULHOLLAND DRIVE
LOS ANGELES,CA90049 		NONE PC 2025-2027 PLEDGE - TUITION SUPPORT FOR CHILDREN OF CHRISTIAN SCIENCE EDUCATORS 30,000

BOYS & GIRLS CLUBS OF GREATER FLINT

3701 N AVERILL AVENUE
FLINT,MI48506 		NONE PC 2023-2025 PLEDGE - GENERAL OPERATING 45,000

BROADVIEW INC

4570 GRIFFIN AVENUE
LOS ANGELES,CA90031 		NONE PC 2024-2026 PLEDGE - MATCHING 2025 & 2026 - CSN TRAINING & SUPPORT AND GENERAL OPERATING 60,000

CAMPERSHIP FUND FOR CHRISTIAN SCIENTISTS IN THE SE AND MW

PO BOX 410553
ST LOUIS,MO63141 		NONE PC 2024-2026 PLEDGE - MATCHING 40,000

CAMPERSHIP FUND FOR CHRISTIAN SCIENTISTS IN THE SE AND MW

PO BOX 410553
ST LOUIS,MO63141 		NONE PC CAMPERSHIPS TO CS CAMPS 100,000

CAMPS LEELANAU & KOHAHNA FOUNDATION INC

1653 PORT ONEIDA ROAD
MAPLE CITY,MI49664 		NONE PC 2024-2026 PLEDGE - VEHICLE, EQUIPMENT, AND GENERAL OPERATING EXPENSES 75,000

CAMPS LEELANAU & KOHAHNA FOUNDATION INC

1653 PORT ONEIDA ROAD
MAPLE CITY,MI49664 		NONE PC GENERAL OPERATING, CAMPERSHIPS AND ANY OTHER UNEXPECTED NEEDS 15,000

CAMPS NEWFOUNDOWATONNA CORPORATION

4 CAMP NEWFOUND ROAD
HARRISON,ME040409987 		NONE PC 2024-2026 PLEDGE - GENERAL OPERATING 75,000

CAMPS NEWFOUNDOWATONNA CORPORATION

4 CAMP NEWFOUND ROAD
HARRISON,ME040409987 		NONE PC GENERAL OPERATING, CAMPERSHIPS AND ANY OTHER UNEXPECTED NEEDS 15,000

CANTERBURY CREST INC

P O BOX 19147
PORTLAND,OR972800147 		NONE PC 2023-2025 PLEDGE 4,000

CEDARS CAMPS THE

19772 SUGAR DRIVE
LEBANON,MO65536 		NONE PC 2024-2026 PLEDGE - MATCHING 75,000

CEDARS CAMPS THE

19772 SUGAR DRIVE
LEBANON,MO65536 		NONE PC GENERAL OPERATING, CAMPERSHIPS AND ANY OTHER UNEXPECTED NEEDS 15,000

CHERISHABILITY

555 SE MLK BOULEVARD SUITE 105 6508
PORTLAND,OR97214 		NONE PC 2023-2025 PLEDGE - SERVICES, GENERAL OPERATING, DEVELOPMENT 20,000

CHESTNUT HILL BENEVOLENT ASSOCIATION

910 BOYLSTON STREET
CHESTNUT HILL,MA024672400 		NONE PC 2023-2025 PLEDGE 60,000

CHESTNUT HILL BENEVOLENT ASSOCIATION

910 BOYLSTON STREET
CHESTNUT HILL,MA024672400 		NONE PC PRESIDENTIAL GRANT - MENTORING COURSE 25,000

CHRISTIAN SCIENCE JOINT MEDIA PARTNERSHIP OF GREATER ST LOUIS

10939 LADUE ROAD
CREVE COEUR,MO63141 		NONE PC NEXT GEN INSTAGRAM OUTREACH 5,000

CHRISTIAN SCIENCE NURSING NETWORK INC

14248 F MACHESTER RD 238
MACHESTER,MO63011 		NONE PC INTERNATIONAL CHRISTIAN SCIENCE NURSING CONFERENCE 25,000

CHRISTIAN SCIENCE PROVIDER NETWORK

18 MAIN STREET EXTENSION STE 402
PLYMOUTH,MA02360 		NONE PC 2025-2027 PLEDGE - OPERATING BUDGETS 10,000

CHUBBY'S PROJECT THE

1 RAILROAD PLACE
HOPEWELL,NJ08525 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 500

CLAIRBOURN SCHOOL

8400 HUNTINGTON DRIVE
SAN GABRIEL,CA917751154 		NONE PC 2023-2025 PLEDGE - SCHOLARSHIPS FOR CHRISTIAN SCIENCE STUDENTS AND FACULTY 5,000

CLEARVIEW HOME CORPORATION

P O BOX 180198 935 MAIN STREET
DELAFIELD,WI53018 		NONE PC SUPPORT PROFESSIONAL DEVELOPMENT, MENTORING AND EDUCATION 20,000

COMMISSION THE

PO BOX 230736
BOSTON,MA021230736 		NONE PC 2025-2027 PLEDGE - GENERAL OPERATIONS - STAFF SUPPORT 15,000

COUNCIL OF MICHIGAN FOUNDATIONS

ONE SOUTH HARBOR DR SUITE 8
GRAND HAVEN,MI49417 		NONE PC 2025 MEMBERSHIP RENEWAL 11,000

CRYSTAL LAKE CAMPS INC

1676 CRYSTAL LAKE ROAD
HUGHESVILLE,PA17737 		NONE PC 2024-2026 PLEDGE - MATCHING 2025 & 2026 - GENERAL OPERATING SUPPORT FOR SUMMER CAMP PROGRAM 75,000

CRYSTAL LAKE CAMPS INC

1676 CRYSTAL LAKE ROAD
HUGHESVILLE,PA17737 		NONE PC GENERAL OPERATING, CAMPERSHIPS AND ANY OTHER UNEXPECTED NEEDS 15,000

CRYSTAL LAKE CAMPS INC

1676 CRYSTAL LAKE ROAD
HUGHESVILLE,PA17737 		NONE PC BUILDING THE FUTURE, CHERISHING THE PAST CAPITAL CAMPAIGN - CLIMBING TOWER PROJECT 100,000

DAYSTAR INC

3800 SOUTH FLAMINGO ROAD
DAVIE,FL333301699 		NONE PC 2023-2025 PLEDGE - CHRISTIAN SCIENCE NURSES TRAINING AND RENEWED ENGAGEMENT 30,000

DOMINION FOUNDATION THE

P O BOX 1138
HERNDON,VA20172 		NONE PC 2023-2025 PLEDGE - CHRISTIAN SCIENCE NURSE EDUCATION 20,000

E3 ELEVATING EDUCATION EVERYWHERE INC

11124 KINGSTON PIKE SUITE 119-169
KNOXVILLE,TN37934 		NONE PC 2024-2026 PLEDGE - GENERAL OPERATING 50,000

E3 ELEVATING EDUCATION EVERYWHERE INC

11124 KINGSTON PIKE SUITE 119-169
KNOXVILLE,TN37934 		NONE PC CAPITAL WORK 50,000

E3 ELEVATING EDUCATION EVERYWHERE INC

11124 KINGSTON PIKE SUITE 119-169
KNOXVILLE,TN37934 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 20,000

FERN LODGE INC

18457 MADISON AVENUE
CASTRO VALLEY,CA945461699 		NONE PC 2024-2026 PLEDGE - BENEVOLENCE, EDUCATION, OUTREACH 50,000

FIRST CHURCH OF CHRIST SCIENTIST BOSTON THE

210 MASSACHUSETTS AVENUE P2-02
BOSTON,MA021153195 		NONE PC 2024-2026 PLEDGE - YOUTH AND YOUNG ADULT ACTIVITIES AT THE MOTHER CHURCH 200,000

FIRST CHURCH OF CHRIST SCIENTIST PETOSKEY THE

420 WAUKOZOO AVENUE
PETOSKEY,MI497702620 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 3,000

FLINT INSTITUTE OF ARTS

1120 E KEARSLEY ST
FLINT,MI48503 		NONE PC CAPITAL PROJECT 150,000

FLINT INSTITUTE OF ARTS

1120 E KEARSLEY ST
FLINT,MI48503 		NONE PC 2025-2027 PLEDGE - ART SCHOOL CERAMICS PROGRAM MANAGER POSITION 85,000

FLINT INSTITUTE OF SCIENCE AND HISTORY

1121 EAST KEARSLEY STREET
FLINT,MI48503 		NONE PC 2025 - 2026 PLEDGE - SLOAN MUSEUM OF DISCOVERY AND LONGWAY PLANETARIUM - COMMUNITY PARTNERSHIPS 75,000

FRIENDS OF CAMP BOW-ISLE INC

14923 SE 183RD STREET
RENTON,WA98058 		NONE PC 2024-2026 PLEDGE - MATCHING 35,000

FRIENDS OF CAMP BOW-ISLE INC

14923 SE 183RD STREET
RENTON,WA98058 		NONE PC GENERAL OPERATING, CAMPERSHIPS AND ANY OTHER UNEXPECTED NEEDS 15,000

FRIENDS OF GYA

21781 VENTURA BLVD SUITE 542
WOODLAND HILLS,CA91364 		NONE PC 2025-2027 PLEDGE - LONG TERM SUSTAINABILITY FOR SWIMMING IN GRENADA 48,000

GLENMONT

4599 AVERY ROAD
HILLIARD,OH43026 		NONE PC 2023-2025 PLEDGE - GENERAL OPERATING EXPENSES 30,000

HOBART AND WILLIAM SMITH COLLEGES

601 S MAIN STREET
GENEVA,NY14456 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 100,000

HIGH RIDGE HOUSE INC

5959 INDEPENDENCE AVENUE
RIVERDALE,NY104711299 		NONE PC 2023-2025 PLEDGE - NEW APPLIANCES IN MAIN KITCHEN AND ON-SITE CHILDCARE / GENERAL OPERATING 25,000

LEAVES INC THE

1230 WEST SPRING VALLEY ROAD
RICHARDSON,TX750807709 		NONE PC 2025-2027 PLEDGE - STAFF TRAINING 50,000

LEAVES INC THE

1230 WEST SPRING VALLEY ROAD
RICHARDSON,TX750807709 		NONE PC CHRISTIAN SCIENCE NURSES TRAINING CLASSROOMS AND PRACTICAL ROOMS 125,000

LINK SCHOOL THE

18885 COUNTY ROAD 367
BUENA VISTA,CO81211 		NONE PC 2024-2026 PLEDGE - TUITION ASSISTANCE/ GENERAL OPERATING 35,000

LONGYEAR FOUNDATION

1125 BOYLSTON STREET
CHESTNUT HILL,MA02467 		NONE PC 2024-2026 PLEDGE - INTERNSHIP SALARIES AND EDUCATIONAL PROGRAMS 20,000

LYNN HOUSE OF POTOMAC VALLEY INC

4400 WEST BRADDOCK ROAD
ALEXANDRIA,VA223041010 		NONE PC 2023-2025 PLEDGE - GENERAL OPERATING EXPENSES 30,000

MORNING LIGHT FOUNDATION INC

P O BOX 570624
ATLANTA,GA30357 		NONE PC 2025-2026 PLEDGE - CHRISTIAN SCIENCE NURSING EDUCATION 8,500

NORTHMEN DEN YOUTH PANTRIES INC

PO BOX 2085
PETOSKEY,MI497702636 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 2,000

NORTHWEST MICHIGAN HABITAT FOR HUMANITY

8460 M-119
HARBOR SPRINGS,MI49740 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 5,000

OLIVE GLEN FOUNDATION INC THE

P O BOX 1482
CARMICHAEL,CA956091482 		NONE PC 2024-2026 PLEDGE - GENERAL OPERATING, WEBSITE & COMMUNICATIONS 10,000

OVERLOOK HOUSE INCORPORATED

3460 RIDGEWOOD ROAD
FAIRLAWN,OH44333 		NONE PC 2025-2026 PLEDGE - LOVE FILLING ALL SPACE: UPWARD WING'S TRAINING & OUTREACH 10,000

PEACE HAVEN ASSOCIATION

12630 ROTT ROAD
ST LOUIS,MO631271214 		NONE PC 2025-2027 PLEDGE - CHRISTIAN SCIENCE NURSE TRAINING PROGRAM 50,000

PEACE HAVEN ASSOCIATION

12630 ROTT ROAD
ST LOUIS,MO631271214 		NONE PC GENERAL OPERATING EXPENSES 25,000

PRINCIPIA THE

13201 CLAYTON ROAD
ST LOUIS,MO631311099 		NONE PC 2024-2026 PLEDGE - ARON HOUSE GIRLS DORM RENOVATION AND RETROFIT 150,000

PRINCIPLE FOUNDATION EXTENDED SERVICES

9300 W 110TH ST SUITE 250
OVERLAND PARK,KS66210 		NONE PC 2023-2025 PLEDGE - EMBRACED:FULLY PROGRAM 25,000

PRINCIPLE FOUNDATION THE

9300 W 110TH ST SUITE 250
OVERLAND PARK,KS66210 		NONE PC CONFERENCE ON CHRISTIAN SCIENTISTS CARING FOR THEIR OWN 30,000

PRINCIPLE FOUNDATION THE

9300 W 110TH ST SUITE 250
OVERLAND PARK,KS66210 		NONE PC WRITING PROJECT 10,000

PRINCIPLE FOUNDATION THE

9300 W 110TH ST SUITE 250
OVERLAND PARK,KS66210 		NONE PC DISASTER RELIEF FUND 15,000

PRINCIPLE FOUNDATION THE

9300 W 110TH ST SUITE 250
OVERLAND PARK,KS66210 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 3,000

SMITH COLLEGE

33 ELM STREET
NORTHAMPTON,MA01063 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 20,000

SUNLAND HOME FOUNDATION

691 SPARTA DRIVE
ENCINITAS,CA92024 		NONE PC 2025-2026 PLEDGE - CHRISTIAN SCIENCE NURSING STAFF DEVELOPMENT 30,000

SUNRISE HAVEN

P O BOX 6057
KENT,WA98064 		NONE PC 2024-2026 PLEDGE - STAFF ENRICHMENT, RETENTION 15,000

SUNRISE OF AFRICA SCHOOL CHARITABLE FOUNDATION INC

PO BOX 695
VENICE,FL34284 		NONE PC 2025-2027 PLEDGE - GENERAL OPERATION STAFF SALARIES 30,000

TENTH CHURCH OF CHRIST SCIENTIST - LOS ANGELES

1133 SOUTH BUNDY DRIVE
LOS ANGELES,CA90049 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 25,000

TRAVERSE AREA RECREATION AND TRANSPORTATION (TART) TRAILS INC

148 E FRONT ST 201
TRAVERSE CITY,MI49684 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 10,000

TWELVEACRES INC

286 E HAMILTON AVE SUITE F
CAMPBELL,CA95008 		NONE PC 2024-2026 PLEDGE - SPECIAL NEEDS TRAINING FOR CHRISTIAN SCIENCE NURSES 50,000

UCLA GRADUATE SCHOOL OF EDUCATION & INFORMATION STUDIES

2043 MOORE HALL BOX 951521
LOS ANGELES,CA900951521 		NONE GOV 2023-2025 PLEDGE - SUMMER ENRICHMENT AND SUMMER CAMP FOR STUDENTS AT MANN UCLA COMMUNITY SCHOOL 30,000

UCLA GRADUATE SCHOOL OF EDUCATION & INFORMATION STUDIES

2043 MOORE HALL BOX 951521
LOS ANGELES,CA900951521 		NONE GOV MATCHING GRANT FOR GENERAL OPERATING EXPENSES 10,000

WIDE HORIZON INC

8900 WEST 38TH AVENUE
WHEAT RIDGE,CO80033 		NONE PC 2025-2027 PLEDGE - GENERAL OPERATIONS IN 2025 AND STAFF EDUCATION AND MENTORING 50,000

WILDWOOD SCHOOL

11811 OLYMPIC BOULEVARD
LOS ANGELES,CA90064 		NONE PC MATCHING GRANT FOR GENERAL OPERATING EXPENSES 30,000
Total .................................right arrow 3a 3,292,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities .... 211100 0 14 1,794,273  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,757,437  
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) .. 0 3,551,710 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,551,710
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING MANAGEMENT FEE 15,000 0   15,000

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

TY 2024 DepreciationSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
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
27" IMAC WITH RETINA 5K DISPLAY 2022-01-21 2,709 1,310 SL 5.000000000000 542 0    

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Name of Bond End of Year Book Value End of Year Fair Market Value
BLACKROCK FLOATING RATE INCOME FUND, 189237.1135 SHS 1,816,676 1,816,676
RIVER CANYON TOTAL RETURN BOND FUND, 381703.017 SHS 3,847,566 3,847,566
VANGUARD HIGH YIELD CORPORATE FUND, 416164.261 SHS 2,297,227 2,297,227
VANGUARD SHORT-TERM TREASURY FUND, 148103.33 SHS 1,467,704 1,467,704

TY 2024 InvestmentsCorpStockSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET INC, 1700 SHS 301,563 301,563
AMAZON COM INC, 2300 SHS 504,597 504,597
APPLE INC, 1400 SHS 287,238 287,238
BLACKROCK INC, 475 SHS 498,394 498,394
BLACKSTONE INC, 3800 SHS 568,404 568,404
BROADCOM INC, 700 SHS 192,955 192,955
CARLYLE (THE) GROUP INC, 6600 SHS 339,240 339,240
CBOE GLOBAL MARKETS INC, 750 SHS 174,908 174,908
CISCO SYSTEMS INC, 7300 SHS 506,474 506,474
CME GROUP INC, 1300 SHS 358,306 358,306
COCA-COLA CO, 5200 SHS 367,900 367,900
COSTCO WHOLESALE CRP DEL, 450 SHS 445,473 445,473
DISNEY (WALT) CO, 2700 SHS 334,827 334,827
HONEYWELL INTL INC, 2200 SHS 512,336 512,336
IMPACTIVE CAPITAL FUND LTD 2,821,958 2,821,958
JP MORGAN CHASE & CO, 1700 SHS 492,847 492,847
KKR & CO INC, 6035 SHS 802,836 802,836
LOCKHEED MARTIN CORP, 650 SHS 301,041 301,041
LOWE'S COMPANIES INC, 1900 SHS 421,553 421,553
META PLATFORMS INC, 1380 SHS 1,018,564 1,018,564
MFO D&D SMID CAP VALUE FUND, 2173968.9192692 SHS 5,503,584 5,503,584
MFO TOWLE FUND, 49.1706990 SHS 2,015 2,015
MFO WESTFIELD FUND B, 51569.847733 SHS 4,908,020 4,908,020
MICROSOFT CORP, 350 SHS 174,094 174,094
NIKE INC, 2250 SHS 159,840 159,840
PERSHING SQUARE HOLDINGS LTD, 62910 SHS 3,359,394 3,359,394
QUALCOMM INCORPORATED, 1425 SHS 226,946 226,946
RTX CORP, 3040 SHS 443,901 443,901
SECTOR SPDR ENERGY, 2400 SHS 203,544 203,544
THE HOWARD HUGHES HOLDINGS INC, 3350 SHS 226,125 226,125
TIGER GLOBAL CROSSOVER LP 4,108,736 4,108,736
TJX COS INC, 3100 SHS 382,819 382,819
UNION PACIFIC CORP, 1375 SHS 316,360 316,360
UWM HOLDINGS CORP, 36750 SHS 152,145 152,145
VAIL RESORTS INC, 1500 SHS 235,695 235,695
VANECK GOLD MINERS ETF, 14700 SHS 765,282 765,282
VANGUARD 500 INDEX FUND, 7390.324 SHS 4,231,552 4,231,552
VANGUARD DEVELOPED MARKETS INDEX, 380992.662 SHS 6,991,215 6,991,215
VANGUARD GLOBAL CAPITAL CYCLES FUND, 129662.194 SHS 2,052,553 2,052,553
VANGUARD SMALL CAP INDEX, 16717.592 SHS 1,899,118 1,899,118
VERIZON COMMUNICATIONS, 3600 SHS 155,772 155,772
VISA INC, 1550 SHS 550,328 550,328
WASTE MANAGEMENT INC, 2900 SHS 663,578 663,578

TY 2024 InvestmentsOtherSchedule2
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARBORETUM VENTURES III FMV 17,361 17,361
ARBORETUM VENTURES IV FMV 144,562 144,562
BARON REAL ESTATE INCOME FUND, 236333.203 SHS FMV 3,880,591 3,880,591
CROSSLINK VI VENTURE FUND FMV 25,788 25,788
DFJ GROWTH III, LP FMV 1,113,596 1,113,596
DFJ GROWTH IV LP FMV 701,482 701,482
DFJ GROWTH V LP FMV 288,157 288,157
DFJ GROWTH 2013, LP FMV 1,140,477 1,140,477
ELLIOTT INTERNATIONAL LIMITED FMV 3,185,103 3,185,103
HAGGERTY - HCP/HBAS, 500,000 SHS FMV 60,363 60,363
HG VORA SPECIAL OPPORTUNITIES FUND FMV 2,216,619 2,216,619
HUNTER POINT CAPITAL INVESTORS LP FMV 351,285 351,285
IMPACT VENTURES III, LP FMV 157,157 157,157
IMPACT VENTURES IV, LP FMV 243,751 243,751
INVENOMIC FUND INST CLASS, 33721.067 SHS FMV 567,188 567,188
NEUBERGER BERMAN LONG SHORT FUND, 6240.814 SHS FMV 121,696 121,696
NUT TREE FUND LTD FMV 2,355,850 2,355,850
OTTER CREEK LONG/SHORT OPPORTUNITY FUND FMV 1,144,298 1,144,298
SOF-XII VIP TE LP FMV 100 100
STARWOOD PROPERTY TRUST INC, 16400 SHS FMV 329,148 329,148
TACONIC CRE DISLOCATION FUND II, LP FMV 250,733 250,733
TACONIC CRE DISLOCATION FUND, LP FMV 19,383 19,383
TRP CAPITAL PARTNERS LP FMV 1,805 1,805
TRP CAPITAL PARTNERS V LP FMV 562,212 562,212
TRP CAPITAL PARTNERS VI LP FMV 159,178 159,178
VANGUARD REIT INDEX FUND, 12293.681 SHS FMV 1,551,463 1,551,463
VANGUARD UTILITIES INDEX FUND, 7309 SHS FMV 647,188 647,188
WELLINGTON GLOBAL EQUITY FMV 2,419,445 2,419,445
YORK CREDIT OPPORTUNITY FMV 10,663 10,663

TY 2024 LandEtcSchedule2
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
27" IMAC WITH RETINA 5K DISPLAY 2,709 1,852 857 857


TY 2024 LegalFeesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 898 898   0


TY 2024 OtherAssetsSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INLANDER ART COLLECTION 1,241,129 1,241,129 1,241,129
GLASS ART COLLECTION 2,301,143 2,301,143 2,301,143
GLASS BOAT 550,000 550,000 550,000
DIVIDEND AND OTHER RECEIVABLES 39,857 25,358 25,358


TY 2024 OtherExpensesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ANRP INTERNATIONAL HOLDINGS, LP 6 6   0
APOLLO NATURAL RESOURCES PARTNERS 484 484   0
ARBORETUM VENTURES III 201 201   0
ARBORETUM VENTURES IV 3,447 3,447   0
CROSSLINK VENTURES VI, L.P. 519 519   0
DFJ GROWTH 2013, LP 8,787 8,787   0
DFJ GROWTH III, LP 13,157 13,157   0
DFJ GROWTH IV, LP 12,180 12,180   0
DFJ GROWTH V, L.P. 9,897 9,897   0
FINE ART EXPENSES 5,694 5,694   0
HUNTER POINT CAPITAL INVESTORS LP 2,150 2,150   0
IMPACT VENTURES III, LP 3,686 3,686   0
IMPACT VENTURES IV LP 11,260 11,260   0
LICENSES & PERMITS 20 0   20
MEALS 4,404 115   4,289
MFO D&D SMID CAP VALUE FUND 28,497 28,497   0
MFO TOWLE FUND 28,039 28,039   0
MFO WESTFIELD FUND B 24,843 24,843   0
NETWORK SERVICES AND COMPUTER EXPENSES 288 0   288
OFFICE SUPPLIES 601 0   601
PAYROLL PROCESSING 5,092 133   4,959
SOF-XIII VIP TE, LP 1,301 1,301   0
TACONIC CRE DISLOCATION FUND II LP 11,280 11,280   0
TACONIC CRE DISLOCATION FUND LP 1,043 1,043   0
TELEPHONE & INTERNET 700 0   700
TRP CAPITAL PARTNERS V, LP 11,641 11,641   0
TRP CAPITAL PARTNERS VI, LP 12,775 12,775   0
TRP CAPITAL PARTNERS, LP 120 120   0


TY 2024 OtherIncreasesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Description Amount
CHANGE IN UNREALIZED GAIN/LOSSES 5,497,831


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 1,250 0   1,250
INVESTMENT MANAGEMENT FEE 135,000 135,000   0
AUDIT FEE 33,400 0   33,400


TY 2024 TaxesSchedule
Name:
THE ISABEL FOUNDATION
EIN:
38-2853004
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD 20,034 20,034   0
MFO TOWLE FUND 1,150 1,150   0
MFO WESTFIELD FUND B 14 14   0
PAYROLL TAXES 13,043 332   12,711
FEDERAL EXCISE TAXES 38,000 0   0