TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
NORMAN AND CHARLOTTE ULMER
FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)63 KERCHEVAL 200
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
GROSSE POINTE FARMS, MI48236

A Employer identification number

27-0904169

B Telephone number (see instructions)

(313) 887-0207

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$2,527,392J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	63,080		63,080
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		131,849
b	Gross sales price for all assets on line 6a 831,142
7	Capital gain net income (from Part IV, line 2)...			131,849
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).......	List of Attached Documents: // Content	118	0
12	Total. Add lines 1 through 11........	195,047		194,929
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	1,287	644	644
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	6,560	3,280	3,280
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	33,197	33,197	0
17	Interest...............	5,095		5,095	0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,047	1,047	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	20	10	10
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	47,206		43,273	3,934
25	Contributions, gifts, grants paid.......	120,000			120,000
26	Total expenses and disbursements. Add lines 24 and 25	167,206		43,273	123,934
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	27,841
b	Net investment income (if negative, enter -0-)			151,656
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	380,569	72,301	72,301
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	1,391,884	List of Attached Documents: // Content 1,365,290	1,704,318
	c	Investments—corporate bonds (attach schedule).......	369,622	List of Attached Documents: // Content 738,052	750,773
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,142,075	2,175,643	2,527,392
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	2,142,075	2,175,643
	29	Total net assets or fund balances (see instructions).....	2,142,075	2,175,643
	30	Total liabilities and net assets/fund balances (see instructions).	2,142,075	2,175,643

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,142,075

Enter amount from Part I, line 27a .....................

27,841

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

5,727

Add lines 1, 2, and 3 ..........................

2,175,643

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

2,175,643

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
1 a	COMERICA S/T PUBLICLY TRADED SECURITIES
b	COMERICA L/T PUBLICLY TRADED SECURITIES
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	396,514	369,000	27,514
b	434,611	330,293	104,318
c	17		17
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			27,514
b			104,318
c			17
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	131,849
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	2,108
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	2,108
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	2,108
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	1,593
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	1,593
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	515
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

HARTMANN NIHEM PLLC Telephone no. right arrow

(313) 887-0207

Located at right arrow

63 KERCHEVAL STE 200GROSSE POINTE FARMSMI ZIP+4 right arrow

48236

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
DIANE N CARDILLO	TREASURER 0.00	0	0	0
63 KERCHEVAL STE 200 GROSSE POINTE FARMS,MI48236	TREASURER 0.00	0	0	0
LINDA C VERNIER	PRESIDENT 0.00	0	0	0
63 KERCHEVAL STE 200 GROSSE POINTE FARMS,MI48236	PRESIDENT 0.00	0	0	0
DONNA C STEWART	SECRETARY 0.00	0	0	0
63 KERCHEVAL STE 200 GROSSE POINTE FARMS,MI48236	SECRETARY 0.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right 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	NONE	0
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	NONE	0
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,456,486

Average of monthly cash balances.......................

112,431

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,568,917

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,568,917

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

38,534

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

2,530,383

Minimum investment return. Enter 5% (0.05) of line 5................

126,519

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.)

Minimum investment return from Part IX, line 6..................

126,519

Tax on investment income for 2024 from Part V, line 5 .......

2,108

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

2,108

Distributable amount before adjustments. Subtract line 2c from line 1............

124,411

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

124,411

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

124,411

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

123,934

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

123,934

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				124,411
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			110,373
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: $ 123,934
a Applied to 2023, but not more than line 2a			110,373
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.....				13,561
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 ..........				110,850
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)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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 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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACADEMY OF THE SACRED HEART 1250 KENSINGTON RD BLOOMFIELD HILLS,MI48304	NONE	PC	FOR BOYS SOCCER PROGRAM	40,000
ASCENSION MICHIGAN FOUNDATION 19251 MACK AVE SUITE 102 GROSSE POINTE WOODS,MI48236	NONE	PC	FOR ORGANIZATION'S GENERAL CHARITABLE PURPOSES	5,000
BREAKTHROUGH TID 200 VESEY STREET 28TH FLOOR NEW YORK,NY10281	NONE	PC	FOR ORGANIZATION'S GENERAL CHARITABLE PURPOSES	20,000
COVENANT PRESBYTERIAN CHURCH OF NAPLES 6926 TRAIL BLVD NAPLES,FL34108	NONE	PC	FOR ORGANIZATION'S GENERAL CHARITABLE PURPOSES	5,000
OAKLAND CHRISTIAN SCHOOL 3075 SHIMMONS RD AUBURN HILLS,MI48326	NONE	PC	FOR BOYS SOCCER PROGRAM	10,000
ROCHESTER CHRISTIAN CHURCH 4435 ROCHESTER RD OAKLAND TOWNSHIP,MI48306	NONE	PC	FOR ORGANIZATION'S GENERAL CHARITABLE PURPOSES	10,000
SCRIPPS HEALTH FOUNDATION PO BOX 2669 LA JOLLA,CA92038	NONE	PC	IN HONOR OF DR. MATTHEW LEVINE	10,000
ST JUDE'S CHILDREN'S RESEARCH HOSPITAL 2000 TOWN CENTER SUITE 1730 SOUTHFIELD,MI48075	NONE	PC	FOR ORGANIZATION'S GENERAL CHARITABLE PURPOSES	5,000
TUNNEL TO TOWERS FOUNDATION 2361 HYLAN BOULEVARD STATEN ISLAND,NY10306	NONE	PC	FOR ORGANIZATION'S GENERAL CHARITABLE PURPOSES	15,000
Total ................................. 3a				120,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
aN/A
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	63,080
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 .....			14	118
8 Gain or (loss) from sales of assets other than inventory ............			18	131,849
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		195,047	0

13Total. Add line 12, columns (b), (d), and (e)..................

195,047

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

NORMAN AND CHARLOTTE ULMER

FAMILY FOUNDATION

EIN:

27-0904169

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	6,560	3,280		3,280

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

NORMAN AND CHARLOTTE ULMER

FAMILY FOUNDATION

EIN:

27-0904169

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ALEXANDRIA REAL ESTATE 2.95%	12,843	12,349
AMERICAN TOWER REIT 1.875%	9,566	10,056
AMERICAN TOWER REIT 3.65%	14,086	14,646
AMGEN INC SR GLBL NT 4.2% 03/01/2033	4,886	4,637
ARES CAPITAL CORP 2.875%	19,933	21,874
AT&T INC SR 5.4% 02/15/2034	10,354	10,040
AXA EQUITABLE HLDOS INC 4.35%	19,321	19,595
BATCAP CORP 2.259%	11,969	12,862
BAT CAP CORP 7.75%	12,204	12,472
BOARDWALK PIPELINES LP 3.6%	20,465	20,965
BORGWARNER INC GLBL 5.4% 08/15/2034	13,134	12,795
BP CAP MARKETS AMERICA 3.119%	14,494	14,731
BP CAP MKTS AMER INC 4.893%	14,655	14,510
BRIXMOR OPER PARTNERSHIP LP	9,356	9,454
CAPITAL ONE FINL CORP GLBL FLT	13,437	14,097
CBS CORP NEW GTD SR. NT 2.9%	7,624	7,656
CITIGROUP INC 4.412%	19,964	20,185
CITIGROUP INC 4.91%	9,998	9,665
COMCAST CORP 1.95%	5,116	5,019
COREBRIDGE FINL INC SR 3.9% 04/05/2032	10,771	10,922
CROWN CASTLE INC. 2.5%	6,619	6,737
DISCOVER FINL SVCS 6.7%	18,685	19,184
EBAY INC 1.9% 03/11/2025-2025	19,277	19,881
EQUIFAX INC 2.35%	6,588	6,689
EQUITABLE HLDGS INC 5.594%	10,400	10,093
EVERSOURCE ENERGY 1.65%	11,348	11,648
EVERSOURCE ENERGY 4.6%	13,851	13,903
EXPEDIA INC DEL 3.25%	14,521	14,753
FIFTH THIRD BANCORP 4.772%	19,415	19,595
FOX CORPORATION 4.709%	5,951	5,927
GLOBAL PAYMENTS INC 5.4%	18,460	18,987
HUMANA INC 5.875% 03/01/2033	15,290	15,055
JPMORGAN CHASE & CO 2.005%	9,745	9,942
KILROY RLTY L P 4.75% 12/15/2028	4,731	4,881
KIMCO 3.2% 04/01/2032-2032	4,176	4,388
MARRIOTT INTL INC NEW CL A 3.5%	17,294	17,644
MICRON TECHNOLOGY INC 4.663%	14,511	15,616
MPLXLP 4.95% 09/01/2032-2022	6,671	6,749
NETAPP INC 2.7% 06/22/2030-2030	8,331	8,822
RTX CORPORATION	12,009	12,271
SANTANDER HOLDINGS USA INC SR NT	19,970	20,864
SCHWAB CHARLES CORP SNR NTS TISD	5,352	5,729
SEMPRA ENERGY 3.7%	9,208	9,498
SEMPRA SR NT 5.5% 08/01/2033	18,553	18,037
SERVICENOW INC 1.4%	4,042	4,156
SOUTHWEST 5.125% 06/15/2027-2027	13,020	13,058
SOUTHWEST GAS CORP 4.05%	22,609	23,218
THE CIGNA GROUP 4.375%	19,721	19,606
THE CIGNA GROUP 5,4%	5,026	4,992
TRACTOR SUPPLY CO 5.25% 05/15/2023	7,953	7,995
UDR INC MEDIUM TERM N'TS BOOK ENT	5,499	5,378
VERIZON COMMNS INC 2.355%	4,257	4,147
VERIZON COMMNS INC 4.016%	11,530	11,518
WELLS FARGO & CO SK NT 4.897%	15,586	15,452
WRKCO INC 4.9% 03/15/2029-2028	17,986	17,884
XCEL ENERGY INC 4.6%	4,875	4,758
AIRCASTLE LTD 4.25%	21,575	22,755
NXP B V/NXP FUNDING LLC/NXP USA	14,752	15,383
NXP B V/NXP FUNDING LLC/NXP USA	4,534	4,593
NXP B V/NXP FUNDING LLC/NXP USA	4,804	4,932
NXP B V/NXP FUNDING LLC/NXP USA	5,000	4,866
SUMITOMO MITSUI FIN GRP INC FLT	10,151	10,659

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

NORMAN AND CHARLOTTE ULMER

FAMILY FOUNDATION

EIN:

27-0904169

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALPHABET INC CL A	12,580	16,280
ALPHABET INC CL C	16,976	31,423
FACEBOOK INC	28,319	37,473
NETFLIX. COM INC	12,330	23,174
OMNICOM GROUP INC	5,094	5,679
REDDIT INC	2,306	2,288
T-MOBILE US INC	3,723	5,739
WALT DISNEY CO	6,571	6,458
AMAZON COM INC	31,399	50,679
AUTONATION INC	4,896	5,435
AUTOZONE INC	5,101	6,404
BOOKING HLDGS INC	3,059	4,968
CHIPOTLE MEXICAN GRILL INC CL A	7,942	9,467
HOME DEPOT INC	18,556	21,394
LENNAR CORP CL A	5,542	4,773
LULULEMON ATHLETICA INC	7,021	6,883
MGM MIRAGE	2,494	2,252
TRACTOR SUPPLY CO	6,213	6,898
CELSIUS HOLDINGS	5,299	2,344
COSTCO WHOLESALE CORP	9,422	17,409
KENVUE INC COM	7,008	7,280
MONSTER BEVERAGE CORP NEW	9,861	11,248
PHILIP MORRIS INTL INC	9,601	12,998
SYSCO	10,463	10,399
US FOODS HLDO CORP	5,069	9,040
CONOCOPHILLIPS	9,547	8,033
DIAMONDBACK ENERGY INC	10,666	9,502
MARATHON PETE CORP	6,362	5,999
PILLLIPS 66	2,704	2,393
SCHLUMBERGER LTD	10,856	7,860
AMERICAN EXPRESS CO	5,119	9,794
BLUE OWL CAPITAL INC COM CL A	5,062	6,769
CORPAY INC	6,583	8,122
DISCOVER FINI SVCS	7,588	9,874
FIDELITY NATL INFORMATION SVCS	8,279	9,450
GALLAGHER ARTHUR J & CO	2,954	3,406
GLOBAL MARKETS INC	7,046	6,644
GOLDMAN SACHS GROUP INC	2,502	4,581
HUNTINGTON BANCSHARES INC	6,660	8,330
INTERCONTINENTALEXCHANGE GROUP	2,774	3,725
JPMORGAN CHASE & CO	16,743	27,567
LPL FINL HLDGS INC	8,621	11,101
MORGAN STANLEY	5,498	8,549
VISA INC CL A	16,624	26,863
WELLS FARGO & CO & CO NEW	4,497	8,007
ABBOTT LABS	6,459	7,691
ABBVIE INC	11,421	12,084
AMGEN INC	6,568	6,777
ASTRAZENECA PLC SPON ADR	4,631	4,586
CENCORA INC.	8,487	9,661
GENMAB A/S SPONSORED ADR	3,747	2,129
HOLOGIC INC	5,219	4,830
HUMANA INC	1,272	1,269
IDEXX LABORATORIES INC	1,689	2,067
INTUITIVE SURGICAL INC	4,109	10,439
LILLY ELI & CO	6,058	13,896
MCKESSON CORP	7,487	9,119
METTLER-TOLEDO INTL INC	4,301	3,671
SANOFI-AVENTIS	925	916
THE CIGNA GROUP	1,115	1,105
UNITEDHEALTH GROUP INC	11,951	20,740
VEEVA SYS INC CLASS A	3,807	4,836
VERTEX PHARMACEUTICALS INC	4,781	6,443
WATERS CORP	3,422	4,081
WEST PHARMACEUTICAL SERVICES	4,531	4,258
ZOETIS INC	4,733	5,540
AXON ENTERPRISE INC	2,343	2,972
BUILDERS FIRSTSOURCE INC	3,770	3,430
COPART INC	5,727	11,593
DEERE & CO	3,918	4,237
DELTA AIR LINES INC	6,153	6,232
EMERSON ELECTRIC	5,583	6,320
FORTIVE CORP	5,986	5,850
GENERAL DYNAMICS CORP	5,236	5,797
HONEYWELL INTERNATIONAL INC	11,848	13,102
JACOBS ENGINEERING GROUP INC.	5,058	6,013
KBR INC	3,102	2,723
LEIDOS HLDGS INC	4,230	6,051
MASCO CORP	2,247	3,121
NORFOLK SOUTHERN CORP	8,720	7,980
OTIS WORLDWIDE CORP COM	5,982	6,575
ROBERT HALF INC	4,025	4,228
SAIA INC COM	4,419	4,557
TREX COMPANY INC	2,580	3,313
UBER TECHNOLOGIES INC	6,114	6,032
UNITED CONTL HLDGS INC	5,117	6,117
UNITED RENTALS INC	7,653	9,158
VERISK ANALYTICS INC CL A	6,148	6,886
WABTEC CORP	3,793	6,825
APPLIED MATLS INC	9,515	9,758
APPLOVIN CORPORATION COM	5,244	5,505
ARISTA NETWORKS INC COM	3,183	11,716
ASTERA LABS INC COM	1,655	1,987
BROADCOM INC	9,530	16,461
CADENCE DESIGN SYS	3,139	5,408
DELL TECHNOLOGIES INC -C	3,409	5,186
HEWLETT PACKARD ENTERPRISE CO	4,418	4,419
KEYSIGHT TECHNOLOGIES INC - W/I	5,949	6,104
MANHATTAN ASSOCS INC	1,623	3,513
MICROCHIP TECHNOLOGY INC	6,128	4,359
MICRON TECHNOLOGY INC	7,264	7,827
MICROSOFT CORP	23,101	43,836
MOTOROLA SOLUTIONS INC.	2,828	5,547
NICE SYSTEMS LTD SPON ADR EACH	3,968	3,906
NVIDIA CORP	9,879	44,987
ORACLE CORPORATION	8,863	13,331
QUALCOMM INC	4,708	6,452
SERVICENOW INC	2,521	6,361
SYNOPSYS INC	1,689	2,912
TAIWAN SEMICONDUCTOR SPON ADR	5,471	6,122
TEXAS INSTRS INC	9,882	10,876
TRIMBLE NAV LTD	3,364	3,886
SHERWIN WILLIAMS CO	4,710	6,799
CENTERPOINT ENERGY INC	5,313	6,060
FIRSTENERGY CORP	6,418	6,763
NEXTERA ENERGY INC	4,698	4,660
PPI. CORPORATION	6,086	5,713
ALLEGION PLC	2,540	3,136
AON PLC SHS CL A	7,459	8,261
ASML HOLDING N V	2,231	2,772
CANADIAN NATURAL RESOURCES	5,173	4,908
CENOVUS ENERGY INC COM	7,061	5,590
CHUBB LTD	2,922	3,868
COCA-COLA EUROPACIFIC PARTNERS	2,494	3,303
CRH PLC ORD	6,266	9,437
FERRARIN V COM	1,841	2,974
FLEX LTD	5,784	7,601
KINROSS GOLD CORP	3,979	4,468
MEDTRONIC PLC	1,219	1,198
NXP SEMICONDUCTORS NV	3,699	3,326
ON HLDG AG NAMEN AKT A	1,804	3,067
SHOPIFY INC	1,905	1,808
SMURFIT WESTROCK PLC SHS	4,766	5,601
TECK RESOURCES LTD CL B	5,442	5,188
ISHARES TR RUSSELL 2000 GROWTH	52,635	67,062
ISHARES TR RUSSELL 2000 VALUE	55,096	68,623
VANGUARD EMERG MKTS STOCK ETF	68,394	75,132
VANGUARD FTSE DEVELOPED	170,689	194,388
ISHARES IBOXX H/Y CORP BOND	93,087	97,919
ISHARES TR BARCLAYS 1-3YR TRS BD	84,253	84,030

- TIN:

TY 2024 LegalFeesSchedule

Name:

NORMAN AND CHARLOTTE ULMER

FAMILY FOUNDATION

EIN:

27-0904169

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	1,287	644		644

- TIN:

TY 2024 OtherExpensesSchedule

Name:

NORMAN AND CHARLOTTE ULMER

FAMILY FOUNDATION

EIN:

27-0904169

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MISCELLANEOUS EXPENSE	20	10		10

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

NORMAN AND CHARLOTTE ULMER

FAMILY FOUNDATION

EIN:

27-0904169

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
NONDIVIDEND DISTRIBUTIONS	118	0	118

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

NORMAN AND CHARLOTTE ULMER

FAMILY FOUNDATION

EIN:

27-0904169

Description	Amount
BOOK/TAX DIFFERENCE	5,727

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

NORMAN AND CHARLOTTE ULMER

FAMILY FOUNDATION

EIN:

27-0904169

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT	33,197	33,197		0

- TIN:

TY 2024 TaxesSchedule

Name:

NORMAN AND CHARLOTTE ULMER

FAMILY FOUNDATION

EIN:

27-0904169

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	1,047	1,047		0