Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
DOROTHY LEMELSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7800 RANCHARRAH PARKWAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RENO, NV89511
A Employer identification number

45-5079187
B Telephone number (see instructions)

(775) 788-2200
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$46,005,466J 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) 2,039,324
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,117,371 1,117,371  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,021,860
b Gross sales price for all assets on line 6a 12,026,191
7 Capital gain net income (from Part IV, line 2)... 1,021,860
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,443 3,190  
12 Total. Add lines 1 through 11........ 4,179,998 2,142,421  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 185,192 0   185,192
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 40,080 0   40,080
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
78,659 7,866   19,985
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
102,779 42,890   42,890
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
271,993 223,220   22,208
17 Interest............... 1,311 1,311   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
27,694 7,868   19,826
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 34,234 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
108,794 77,029   17,254
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 850,736 360,184   347,435
25 Contributions, gifts, grants paid....... 2,537,616 2,537,616
26 Total expenses and disbursements. Add lines 24 and 25 3,388,352 360,184   2,885,051
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 791,646
b Net investment income (if negative, enter -0-) 1,782,237
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............. 140,171 8,330 8,330
2 Savings and temporary cash investments......... 10,838,645 1,661,882 1,661,882
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) 231,068 0 0
b Investments—corporate stock (attach schedule)....... 14,815,666 Click to see attachment
List of Attached Documents:
// Content
18,623,834 		22,826,766
c Investments—corporate bonds (attach schedule)....... 7,792,421 Click to see attachment
List of Attached Documents:
// Content
10,852,670 		10,817,886
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).......... 6,501,160 Click to see attachment
List of Attached Documents:
// Content
9,946,689 		10,658,907
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
14,323 		Click to see attachment
List of Attached Documents:
// Content
31,695 		Click to see attachment
List of Attached Documents:
// Content
31,695
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,333,454 41,125,100 46,005,466
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 40,333,454 41,125,100
29 Total net assets or fund balances (see instructions)..... 40,333,454 41,125,100
30 Total liabilities and net assets/fund balances (see instructions). 40,333,454 41,125,100
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
40,333,454
2
Enter amount from Part I, line 27a .....................
2
791,646
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
41,125,100
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
41,125,100
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 FIDELITY #2986 P 2023-01-01 2024-12-31
b FIDELITY #5488 P 2024-01-01 2024-12-31
c FIDELITY #5488 P 2023-01-01 2024-12-31
d FIDELITY #8959 P 2024-01-01 2024-12-31
e FIDELITY #8959 P 2023-01-01 2024-12-31
FIDELITY #8960 P 2024-01-01 2024-12-31
FIDELITY #8960 P 2023-01-01 2024-12-31
FIDELITY #8979 P 2024-01-01 2024-12-31
FIDELITY #8979 P 2023-01-01 2024-12-31
IMPACT WORLD EQUITY FUND D 2024-01-01 2024-12-31
IMPACT WORLD EQUITY FUND D 2023-01-01 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 177,000   153,183 23,817
b 1,468,416   1,394,271 74,145
c 3,226,755   2,947,157 279,598
d 1,174,345   1,142,912 31,433
e 402,222   355,676 46,546
1,151,674   1,200,576 -48,902
1,237,458   1,250,330 -12,872
731,639   734,953 -3,314
1,776,496   1,825,273 -48,777
184,850     184,850
438,154     438,154
57,182     57,182
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       23,817
b       74,145
c       279,598
d       31,433
e       46,546
      -48,902
      -12,872
      -3,314
      -48,777
      184,850
      438,154
      57,182
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 1,021,860
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 24,773
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 24,773
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 24,773
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 3,453
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 3,453
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 21,320
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 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
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA, NV
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowMANN GELON SMITH SROKA LEE LLP Telephone no.right arrow (310) 277-3633

Located atright arrow1880 CENTURY PARK EAST STE 950LOS ANGELESCA ZIP+4right arrow90067
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
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
 
No
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
CARYN SWOBEClick to see attachment
List of Attached Documents:
// Content
VP/TR/DIRECTOR/OPERATIONS EXECUTIVE
15.00 		61,731 18,171 0
7800 RANCHARRAH PARKWAY
RENO,NV89511
JENNIFER BRUML PRES/DIRECTOR/PARTNERSHIPS EXECUTIVE
15.00 		61,731 16,690 0
7800 RANCHARRAH PARKWAY
RENO,NV89511
ZOE LUH MORSE LEMELSON SECY/DIRECTOR/PROGRAMS EXECUTIVE
15.00 		61,731 7,091 0
7800 RANCHARRAH PARKWAY
RENO,NV89511
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
MANN GELON SMITH SROKA LEE LLP ACCOUNTING SERVICES 85,779
1880 CENTURY PARK EAST SUITE 950
LOS ANGELES,CA90067
C3 LEGAL LEGAL SERVICES 76,899
1658 N MILWAUKEE AVE 305
CHICAGO,IL60647
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
43,460,168
b
Average of monthly cash balances.......................
1b
1,086,331
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
44,546,499
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
44,546,499
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
668,197
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
43,878,302
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,193,915
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
2,193,915
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
24,773
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
24,773
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,169,142
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,169,142
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
2,169,142
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
2,885,051
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
2,885,051
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 2,169,142
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 750,598
b From 2020...... 770,398
c From 2021...... 928,577
d From 2022......  
e From 2023...... 954,858
f Total of lines 3a through e ........ 3,404,431
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,885,051
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 2,169,142
e Remaining amount distributed out of corpus 715,909
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 4,120,340
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		750,598
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		3,369,742
10 Analysis of line 9:
a Excess from 2020.... 770,398
b Excess from 2021.... 928,577
c Excess from 2022....  
d Excess from 2023.... 954,858
e Excess from 2024.... 715,909
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ACHILLES INTERNATIONAL

315 WEST 39TH STREET SUITE 205
NEW YORK,NY10018 		NONE PC SUPPORT FOR PROGRAMS SUPPORTING YOUTH AND CHILDREN 20,000

BRIDGE MEADOWS

10606 SW CAPITOL HWY
PORTLAND,OR97219 		NONE PC $30,000 OF SUPPORT FOR THE PROJECT MANAGER POSITION$75,000 OF SUPPORT FOR THE COMMUNITY SUPPORT SPECIALIST POSITION 105,000

CATLIN GABEL SCHOOL

8825 SW BARNES RD
PORTLAND,OR97225 		NONE PC SUPPORT FOR THE 2024-2025 EAST CAMPUS/PNCA/WILLAMETTE INTERNSHIP POSITION 10,000

CHILDREN'S INSTITUTE

2121 WEST TEMPLE STREET
LOS ANGELES,CA90026 		NONE PC GENERAL OPERATING SUPPORT 50,000

CHOOSE LOVE MOVEMENT

6 GREAT RING ROAD
SANDY HOOK,CT06482 		NONE PC SUPPORT FOR CHARACTER, SOCIAL, AND EMOTIONAL DEVELOPMENT PROGRAMS 10,000

FOOD BANK OF NORTHERN NEVADA

550 ITALY DR
SPARKS,NV89437 		NONE PC SUPPORT FOR THE STUDENT BACKPACK PROGRAM 25,000

GEORGIA RESLIENCE AND OPPORTUNITY FUND

PO BOX 4161
ATLANTA,GA30302 		NONE PC SUPPORT FOR THE BABY BONDS PILOT PROGRAM 500,000

HOLLA

11124 NE HALSEY PMB 656
PORTLAND,OR97221 		NONE PC GENERAL OPERATING SUPPORT 25,000

HOLLA SCHOOL

14513 SE STARK STREET
PORTLAND,OR97233 		NONE PC SUPPORT FOR THE SCHOOL COUNSELOR POSITION 112,000

KNBP CHANNEL 5

1670 N VIRGINIA ST
RENO,NV89503 		NONE PC $29,000 OF SUPPORT FOR THE CURIOSITY WORKSHOP AT THE DOROTHY LEMELSON STEM ACADEMY$12,000 OF SUPPORT FOR TITLE 1 AND "BUBBLE" SCHOOLS IN WASHOE COUNTY 41,000

NNWLA SCHOLARSHIP FUND

PO BOX 40953
RENO,NV89504 		NONE PC SUPPORT FOR SCHOLARSHIPS 40,000

OREGON MUSEUM OF SCIENCE AND INDUSTRY

1945 SE WATER AVE
PORTLAND,OR97214 		NONE PC GENERAL OPERATING SUPPORT 10,000

PS ARTS

2947 S SEPULVEDA BLVD
LOS ANGELES,CA90064 		NONE PC GENERAL OPERATING SUPPORT 10,000

PEAR

338 NW 6TH AVE
PORTLAND,OR97209 		NONE PC SUPPORT FOR PROGRAMS FOCUSING ON ASSISTANCE FOR HOMELESS YOUTH 60,000

PEACE4KIDS

PO BOX 5347
COMPTON,CA90224 		NONE PC GENERAL OPERATING SUPPORT 25,000

PLANNED PARENTHOOD CASCADE WILLAMETTE

3727 NE MARTIN LUTHER KING JR BLVD
PORTLAND,OR97212 		NONE PC SUPPORT FOR THE EASTERN OREGON EDUCATION EXPANSION 125,000

PLUMAS CRISIS INTERVENTION RESOURCE CENTER

PO BOX 3005
QUINCY,CA95971 		NONE PC SUPPORT FOR THE NORTH STAR NAVIGATION CENTER 25,000

PORTLAND ART MUSEUM

1219 SW PARK AVE
PORTLAND,OR97205 		NONE PC SUPPORT FOR THE PUBLIC ART MUSEUM 10,000

SAFE TALK FOR TEENS

6490 S MCCARRAN BLVD D1 36
RENO,NV89509 		NONE PC SUPPORT FOR MENTAL HEALTH SERVICES FOR TEENS 10,000

SHARE OUR STRENGTH

PO BOX 715475
PHILADELPHIA,PA19171 		NONE PC SUPPORT FOR THE NO KID HUNGRY CAMPAIGN 40,000

SIERRA NEVADA JOURNEYS

190 E LIBERTY ST
RENO,NV89501 		NONE PC SUPPORT FOR OUTDOOR, SCIENCE-BASED EDUCATION PROGRAMS 1,000

TEACHING FOR CHANGE

PO BOX 73038
WASHINGTON,DC20056 		NONE PC SUPPORT FOR THE ZINN EDUCATION PROJECT'S TEACH FOR BLACK LIVES 75,000

TERRY LEE WELLS NEVADA DISCOVERY MUSEUM

490 S CENTER ST
RENO,NV89501 		NONE PC SUPPORT FOR THE SPARK LAB STAFF POSITION 62,000

THE CHILDREN'S CABINET

1090 SOUTH ROCK BLVD
RENO,NV89502 		NONE PC SUPPORT FOR CRISIS STABILIZATION VISITS AND INDIVIDUAL AND FAMILY THERAPY FOR APPROXIMATELY 24 FAMILIES OVER THE COURSE OF ONE YEAR 50,000

THE NATIONAL MUSUEM OF AMERICAN HISTORY SMITHSONIAN INSTITUTION

1300 CONSTITUTION AVE NW
WASHINGTON,DC20560 		NONE PC PROVIDED ARCHIVAL MATERIALS TO BE USED FOR STANDARD MUSEUM PURPOSES FOR EDUCATION AND NONPROIFT ACTIVITIES 600,000

THE VIRGINIA GARCIA MEMORIAL FOUNDATION

PO BOX 6149
ALOHA,OR97007 		NONE PC SUPPORT FOR THE STUDENTS HEALTH ADVISORY COUNCIL AT THE SCHOOL BASED HEALTH CENTERS 5,000

UNIVERSITY OF NEVADA RENO

1664 N VIRGINIA ST
RENO,NV89557 		NONE PC SUPPORT FOR DEAN'S FUTURE SCHOLARS 100,000

UNIVERSITY OF NEVADA RENO FOUNDATION

MORRILL HALL ALUMNI CENTER/162
RENO,NV89557 		NONE PC SUPPORT FOR THE HEAD CLINICAL SUPERVISOR FOR THE BEHAVIORAL HEALTH COLLABORATIVE FUND 25,000

WASHOE COUNTY SCHOOL DISTRICT

425 EAST NINTH STREET
RENO,NV89512 		NONE GOV $146,906 SUPPORT FOR 2024-2025 STEM COORDINATOR AT THE DOROTHY LEMELSON STEM ACADEMY (ANY EXCESS IS TO BE USED IN FURTHERANCE OF EDUCATIONAL PROGRAMMING)$30,000 SUPPORT FOR 2024-2025 SCHOOL SUPPLIES FOR STUDENTS OF THE DOROTHY LEMELSON STEM ACADEMY$8,110 SUPPORT FOR 5TH GRADE GRIZZLY CREEK RANCH FIELD TRIP$1,600 SUPPORT FOR 2024 GRADUATION BOOKS FOR STUDENTS 186,616

WE BELONG PDX

4243 SE BELMONT ST SUITE 100
PORTLAND,OR97215 		NONE PC GENERAL OPERATING SUPPORT 25,000

WILLAMETTE UNIVERSITY

900 STATE ST
SALEM,OR97301 		NONE PC SUPPORT FOR THE DOROTHY LEMELSON FOUNDATION GRANT FUND AT THE UNIVERSITY'S PACIFIC NORTHWEST COLLEGE OF THE ARTS 100,000

WOMEN'S FOUNDATION CALIFORNIA

1301 CLAY ST 71719
OAKLAND,CA94612 		NONE PC SUPPORT FOR THE SUMMER LEADERSHIP INSTITUTE 30,000

WORLD CENTRAL KITCHEN

200 MASSACHUSETTS AVE NW 7TH FLOOR
WASHINGTON,DC20001 		NONE PC SUPPORT FOR HURRICANE DISASTER RESPONSE IN THE SOUTHWESTERN UNITED STATES 25,000
Total .................................right arrow 3a 2,537,616
bApproved for future payment

BRIDGE MEADOWS
8502 N WAYLAND AVE
PORTLAND,OR97203 		NONE PC SUPPORT FOR THE COMMUNITY SUPPORT SPECIALIST POSITION 150,000

CHILDREN'S INSTITUTE
2121 WEST TEMPLE STREET
LOS ANGELES,CA90026 		NONE PC GENERAL OPERATING SUPPORT 100,000

HOLLA
11124 NE HALSEY PMB 656
PORTLAND,OR97221 		NONE PC GENERAL OPERATING SUPPORT 25,000

HOLLA SCHOOL
14513 SE STARK STREET
PORTLAND,OR97233 		NONE PC SUPPORT FOR THE SCHOOL COUNSELOR POSITION 224,000

PEAR
338 NW 6TH AVE
PORTLAND,OR97209 		NONE PC SUPPORT FOR PROGRAMS FOCUSING ON ASSISTANCE FOR HOMELESS YOUTH 60,000

PEACE4KIDS
PO BOX 5347
COMPTON,CA90224 		NONE PC GENERAL OPERATING SUPPORT 25,000

SHARE OUR STRENGTH
PO BOX 715475
PHILADELPHIA,PA19171 		NONE PC SUPPORT FOR THE NO KID HUNGRY CAMPAIGN 20,000

TEACHING FOR CHANGE
PO BOX 73038
WASHINGTON,DC20056 		NONE PC SUPPORT FOR THE ZINN EDUCATION PROJECT'S TEACH FOR BLACK LIVES 150,000

UNIVERSITY OF NEVADA RENO FOUNDATION
MORRILL HALL ALUMNI CENTER/162
RENO,NV89557 		NONE PC SUPPORT FOR THE STEM TEACHER COHORT 1,225,534

WE BELONG PDX
4243 SE BELMONT ST SUITE 100
PORTLAND,OR97215 		NONE PC GENERAL OPERATING SUPPORT 50,000

WILLAMETTE UNIVERSITY
900 STATE ST
SALEM,OR97301 		NONE PC SUPPORT FOR THE DOROTHY LEMELSON FOUNDATION GRANT FUND AT THE UNIVERSITY'S PACIFIC NORTHWEST COLLEGE OF THE ARTS 200,000

WOMEN'S FOUNDATION CALIFORNIA
1301 CLAY ST 71719
OAKLAND,CA94612 		NONE PC SUPPORT FOR THE SUMMER LEADERSHIP INSTITUTE 600,000
Total ................................. right arrow 3b 2,829,534
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,117,371  
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 1,021,860  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aORDINARY GAIN - IMPACT WORLD EQUITY FUND LP 		    01 5,070  
bPREVIOUSLY TAXED INCOME     01 -1,747  
cLEMELSON MER LP     01 -14  
dLEMELSON ER CORP LP     01 -1,866  
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,140,674 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,140,674
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
DOROTHY LEMELSON FOUNDATION
 
Employer identification number

45-5079187
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
DOROTHY LEMELSON FOUNDATION
  		Employer identification number
45-5079187
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ADMINISTRATIVE TRUST UNDER THE DOROTHY LEMELSON REVOCABLE TR
 
7800 RANCHARRAH PARKWAY
 
RENO, NV89511

$ 1,439,324


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ADMINISTRATIVE TRUST UNDER THE DOROTHY LEMELSON REVOCABLE TR
 
7800 RANCHARRAH PARKWAY
 
RENO, NV89511

$ 600,000


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
DOROTHY LEMELSON FOUNDATION
  		Employer identification number

45-5079187
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 ARCHIVAL MATERIALS OF JEROME H. LEMELSON $ 600,000 2024-02-02
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
DOROTHY LEMELSON FOUNDATION
  		Employer identification number

45-5079187
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 102,779 42,890   42,890

TY 2024 CompensationExplanation
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Person Name Explanation
EXECUTIVES LISTED IN PART VII LINE THE INDIVIDUALS LISTED IN THIS PART VII, LINE 1 RECEIVED COMPENSATION FOR SERVICES RENDERED IN THEIR CAPACITY AS PARTNERSHIPS EXECUTIVE, PROGRAMS EXECUTIVE, AND OPERATIONS EXECUTIVE OF THE FOUNDATION; THE FOUNDATION HAS NO OTHER STAFF.

TY 2024 InvestmentsCorpBondsSchedule
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Name of Bond End of Year Book Value End of Year Fair Market Value
FIDELITY 10,852,670 10,817,886

TY 2024 InvestmentsCorpStockSchedule
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Name of Stock End of Year Book Value End of Year Fair Market Value
FIDELITY 18,623,834 22,826,766

TY 2024 InvestmentsOtherSchedule2
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
IMPACT WORLD EQUITY FUND, LP AT COST 6,952,232 7,534,364
GREENBACKER RENEWABLE ENERGY COMPANY II AT COST 1,153,412 1,284,011
LEMELSON MEDICAL, EDUCATION & RESEARCH FOUNDATION, LP AT COST 5,396 5,396
LEMELSON EDUCATIONAL & RESEARCH CORPORATION AT COST 9,852 9,852
GENERATE CAPITAL PBC AT COST 799,987 799,987
VISTRIA HOUSING FUND AT COST 1,025,810 1,025,297

TY 2024 LegalFeesSchedule
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 78,659 7,866   19,985


TY 2024 OtherAssetsSchedule
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS RECEIVABLE 14,323 22,129 22,129
DISTRIBUTION RECEIVABLE - VISTRIA HOUSING FUND   9,566 9,566


TY 2024 OtherExpensesSchedule
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOARD EDUCATION 5,900 0   0
EVENT SPONSORSHIPS 13,010 0   13,010
INSURANCE 6,837 0   4,244
INVESTMENT EXPENSES - IMPACT WORLD EQUITY FUND LP 70,101 70,101   0
INVESTMENT EXPENSES - VISTRIA HOUSING FUND F-2, LP 6,928 6,928   0
OFFICE EXPENSE 5,842 0   0
OTHER EXPENSE - IMPACT WORLD EQUITY FUND LP 176 0   0


TY 2024 OtherIncomeSchedule2
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ORDINARY GAIN - IMPACT WORLD EQUITY FUND LP 5,070 5,070 5,070
PREVIOUSLY TAXED INCOME -1,747   -1,747
LEMELSON MER LP -14 -14 -14
LEMELSON ER CORP LP -1,866 -1,866 -1,866


TY 2024 OtherProfessionalFeesSchedule
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 223,220 223,220   0
OUTSIDE SERVICES 48,773 0   22,208


TY 2024 TaxesSchedule
Name:
DOROTHY LEMELSON FOUNDATION
EIN:
45-5079187
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAX 19,351 0   19,351
FOREIGN TAXES PAID - FIDELITY 4,292 4,292   0
REGISTERED AGENT FEES 475 0   475
FOREIGN TAXES PAID - IMPACT WORLD EQUITY FUND 3,576 3,576   0