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
Wallace H Coulter Trust
 
Number and street (or P.O. box number if mail is not delivered to street address)1515 US HWY 1 202
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SEBASTIAN, FL32958
A Employer identification number

65-6310670
B Telephone number (see instructions)

(305) 559-2991
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$0J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 198,640 198,640  
4 Dividends and interest from securities... 64,139 64,139  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,505,647
b Gross sales price for all assets on line 6a 11,062,461
7 Capital gain net income (from Part IV, line 2)... 5,517,268
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
8,669 8,669  
12 Total. Add lines 1 through 11........ 5,777,095 5,788,716  
Operating and Administrative Expenses 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).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
95,885 0   95,885
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
19,322 15,422   3,900
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
170,343 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 12,996 0   12,996
21 Travel, conferences, and meetings....... 200,000 0   200,000
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,443 191   3,252
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 501,989 15,613   316,033
25 Contributions, gifts, grants paid....... 15,865,740 15,865,740
26 Total expenses and disbursements. Add lines 24 and 25 16,367,729 15,613   16,181,773
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,590,634
b Net investment income (if negative, enter -0-) 5,773,103
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.............      
2 Savings and temporary cash investments......... 2,896,942    
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.......... 3,162    
10a Investments—U.S. and state government obligations (attach schedule) 4,437,538 0 0
b Investments—corporate stock (attach schedule)....... 4,988,247 0 0
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow   266,667    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 215,264 0 0
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
103,501 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,911,321 0 0
Liabilities 17 Accounts payable and accrued expenses.......... 90,000  
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)......... 90,000 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........... 12,821,321 0
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 12,821,321 0
30 Total liabilities and net assets/fund balances (see instructions). 12,911,321 0
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
12,821,321
2
Enter amount from Part I, line 27a .....................
2
-10,590,634
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,230,687
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,230,687
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
0
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 Publically Traded Securities      
b Loss on real estate P    
c Art Object Disposition/Write-Offs P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,417,821   5,145,833 5,271,988
b 500,000   269,703 230,297
c 144,640   129,657 14,983
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       5,271,988
b       230,297
c       14,983
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 5,517,268
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 80,246
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 80,246
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 80,246
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 2,965
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 80,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 82,965
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 4,183
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,464
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
List of Attached Documents:
// Content
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 arrowFL
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
Yes
 
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 arrowGregory Thornton Controller Telephone no.right arrow (305) 559-2991

Located atright arrow1515 US HWY 1 202SEBASTIANFL ZIP+4right arrow32958
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Sue Van President, CEO
40.00 		0 0 0
790 NW 107th Ave 215
Miami,FL33172
Wayne Barlin V. Pres., General Counsel
40.00 		0 0 0
790 NW 107th Ave 215
Miami,FL33172
Susan Racher V. Pres., CFO
40.00 		0 0 0
790 NW 107th Ave 215
Miami,FL33172
Susie Sands V. Pres., Asian Programs
40.00 		0 0 0
790 NW 107th Ave 215
Miami,FL33172
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
Deloitte & Touche LLP Audit 81,500
333 SE 2nd Avenue Suite 3600
Miami,FL33131
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
1,552,823
b
Average of monthly cash balances.......................
1b
4,773,741
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
6,326,564
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
6,326,564
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
94,898
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,231,666
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
311,583
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
311,583
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
80,246
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
80,246
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
231,337
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
231,337
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
231,337
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
16,181,773
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
16,181,773
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 7 231,337
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...... 114,468
b From 2020...... 2,333,681
c From 2021......  
d From 2022...... 13,203,644
e From 2023...... 15,412,686
f Total of lines 3a through e ........ 31,064,479
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 16,181,773
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..... 231,337
e Remaining amount distributed out of corpus 15,950,436
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 47,014,915
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) ....... 		47,014,915
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or 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

A Healthier Democracy Inc DBA Vot-ER

12 Mohawk St Unit 9
South Boston,MA02127 		  PC General Support 250,350

Access Philanthropy Charities

2100 Stevens Avenue
Minneapolis,MN55404 		  PC General Support 250,000

America Votes Education Fund

1155 Connecticut Avenue NW
Washington,DC20036 		  PC General Support 750,000

Anti-Defamation League

605 Third Avenue
New York,NY10158 		  PC General Support 1,000,000

APANO Communities United Fund

8818 SE Division Street
Portland,OR97206 		  PC General Support 201,250

Asian & Pacific Islander American Vote

1612 K Street NW 600
Washington,DC20006 		  PC General Support 1,001,300

Asian American Community Fund of PennsylvaniaCenter for Empowered Politics

1042 Grant Ave Ste 5
San Francisco,CA94133 		  PC General Support 501,450

Asian American Education Project

2089 Kenilworth Ave
Los Angeles,CA90039 		  PC General Support 350,750

Asian American Federation

120 Wall St 9th Floor
New York,NY10005 		  PC General Support 850

Asian American Institute for Public Policy

110 W End Ave 3e
Ney York,NY10023 		  PC General Support 1,000

Asian American Journalists Association

5 Third Street 1108
San Francisco,CA94103 		  PC General Support 400

Asian American Legal Defense Education Fund

99 Hudson Street 12th Floor
New York,NY10013 		  PC General Support 850

Asian American Pacific Community Health Organizations

101 Callan Avenue Suite 400
San Leandro,CA94577 		  PC General Support 1,000

Asian American Pacific Islanders in Philanthropy

2201 Broadway Suite 720
Oakland,CA94612 		  PC General Support 450

Asian American Power Network Education FundCenter for Empowered Politics Ed

1042 Grant Ave Ste 5
San Francisco,CA94133 		  PC General Support 500,750

Asian Americans Advancing Justice-AAJC

1620 L Street NW Suite 1050
Washington,DC20036 		  PC General Support 600

Asian Americans Advancing Justice-Asian Law Caucus

55 Columbus Av
San Francisco,CA94111 		  PC General Support 380

Asian Americans Advancing Justice-Atlanta

5680 Oakbrook Parkway Suite 148
Norcross,GA30093 		  PC General Support 300,650

Asian Americans Advancing Justice-Chicago

4753 N Broadway Suite 502
Chicago,IL60640 		  PC General Support 201,200

Asian Americans United

1023 Callowhill Street
Philadelphia,PA19123 		  PC General Support 300

Asian and Pacific Islander American Vote - Michigan

POBox 12398
Hamtramck,MI48212 		  PC General Support 250,000

Asian and Pacific Islander American Vote - Michigan

POBox 12398
Hamtramck,MI48212 		  PC General Support 250,000

Asian Community Development Council

10275 Rainbow Boulevard Suite 253
Las Vegas,NV89145 		  PC General Support 515,500

Asian Counseling and Referral Services

3639 Martin Luther King Jr Way S
Seattle,WA98144 		  PC General Support 550

Asian Health Services

101 8th Street Suite 100
Oakland,CA94607 		  PC General Support 3,750

Asian Pacific Environmental Network

426 17th Street Suite 500
Oakland,CA94612 		  PC General Support 750

Asian Pacific Fund

465 California Street Suite 700
San Francisco,CA94104 		  PC General Support 1,500

Asian Pacific Institute for Congressional Studies

1001 Connecticut Ave NW Suite 320
Washington,DC20036 		  PC General Support 150,850

Asian Pacific Institute on Gender-Based Violence

500 12th Street Suite 330
Oakland,CA94607 		  PC General Support 51,450

Asian Pacific Islander American Health Forum

461 Bush St Ste 400
San Francisco,CA94108 		  PC General Support 650

Aurora Mental Health & Recovery

11059 E Bethany Dr
Aurora,CO80014 		  PC General Support 250

CAPI USA

5930 Brooklyn Boulevard
Minneapolis,MN55429 		  PC General Support 176,000

Center for Asian American Media

145 Ninth Street Suite 350
San Francisco,CA94103 		  PC General Support 100,650

Center for Asian American Media

145 Ninth Street Suite 350
San Francisco,CA94103 		  PC General Support 100,000

Center for Empowered Politics Education Fund

1042 Grant Ave Ste 5
San Francisco,CA94133 		  PC General Support 501,000

Center for Secure and Modern ElectionsNew Venture Fund

1828 L Street NW Suite 300-A
Washington,DC20036 		  PC General Support 1,500

Center on Civic Engagement

1825 K Street NW Suite 450
Washington,DC20006 		  PC General Support 301,400

Chinatown Progressive Association aka Chinese Progressive Association Bosto

28 Ash Street
Boston,MA02111 		  PC General Support 202,000

Chinese Progressive Association San Francisco

1042 Grant Ave 5th Floor
San Francisco,CA94133 		  PC General Support 750

Community Partners

1000 North Alameda Street Suite 240
Los Angeles,CA90012 		  PC General Support 250,550

Council for Native Hawaiian Advancement

91-1270 Kimoiki Street Bldg 1
Kapolei,HI96707 		  PC General Support 3,000

Drexel University

3141 Chestnut St 7-718
Philadelphia,PA19104 		  PC General Support 500,000

Every Voice Texas dba Asian Texans for Justice

13010 N Highway 183 Suite 201
Austin,TX78750 		  PC General Support 301,000

Fair Elections Center

1825 K Street NW Suite 450
Washington,DC20006 		  PC General Support 75,000

Florida Philanthropic Network Inc

5421 Beaumont Center Blvd 655
Tampa,FL33634 		  PC General Support 100,000

Florida Taxwatch Inc

106 N Bronough St
Tallahassee,FL32301 		  PC General Support 100,000

Fred Korematsu Institute

PO Box 29527
San Francisco,CA94129 		  PC General Support 1,750

Freedom Inc

2030 South Park Street
Madison,WI53713 		  PC General Support 451,250

Georgia Tech

A French Building Room 213 237
Uncle Heinie Way
Atlanta,GA30332 		  PC General Support 350

IAPALA

815 16th Street NW 2nd Floor
Washington,DC20006 		  PC General Support 350

Illinois Coalition For Immigrant and Refugee Rights

228 S Wabash Avenue Suite 800
Chicago,IL60604 		  PC General Support 201,750

Illinois Coalition For Immigrant and Refugee Rights

228 S Wabash Avenue Suite 800
Chicago,IL60604 		  PC General Support 150,000

Immigrant Legal Resource Center

1458 Howard Street
San Francisco,CA94103 		  PC General Support 1,100

Minkwon Center for Community Action Inc

133-29 42st Avenue 202
Flushing,NY11355 		  PC General Support 151,150

Naeva

7906 Menaul Blvd NE
Albuquerque,NM87110 		  PC General Support 250,000

NAMI - Miami Dade

299 Alhambra Circle Suite 224
Coral Gables,FL33134 		  PC General Support 750

National Congress of American Indians Fund

1516 P St NW
Washington,DC20005 		  PC General Support 250,000

National Partnership for New Americans

1805 S Ashland Avenue
Chicago,IL60608 		  PC General Support 303,750

National Tongan American Society

5296 S Commerce Drive 204
Murray,UT84107 		  PC General Support 176,000

Native American Rights Fund

250 Arapahoe Avenue
Boulder,CO80302 		  PC General Support 250,000

NeighborWorks America

8484 Georgia Ave Suite 330
Silver Spring,MD20910 		  PC General Support 750

Neo Philanthropy Inc

1001 Avenue of the Americas
New York,NY10018 		  PC General Support 301,260

New American Leaders

530 7th Avenue
New York,NY10018 		  PC General Support 500

New Venture Fund

1828 L Street NW Suite 300-A
Washington,DC20036 		  PC General Support 950

New Virginia Majority Education Fund

3801 Mount Vernon Ave
Alexandria,VA22305 		  PC General Support 500,000

New York Immigration Coalition

131 West 33rd St Suite 610
New York,NY10001 		  PC General Support 850

Nonprofit VOTE Inc

125 Cambridgepark Drive
Cambridge,MA02140 		  PC General Support 75,000

North Carolina Asian Americans Together

711 Hillsborough Street Suite 102
Raleigh,NC27603 		  PC General Support 500,000

Northeast Medical Services

2171 Junipero Serra Blvd 700
Daly City,CA94014 		  PC General Support 60,500

Ohio Voice

PO Box 428
Columbus,OH43216 		  PC General Support 150,000

One Arizona

3104 E Camelback Road
Phoenix,AZ85016 		  PC General Support 250,750

Orange County Asian and Pacific Islander Community Alliance

12912 Brookhurst Street Suite 410
Garden Grove,CA92840 		  PC General Support 101,500

Organization of Chinese Americans

711 Hillsborough Street Suite 102
Raleigh,NC27603 		  PC General Support 550

Organization of Chinese Americans of Greater Houston

9800 Town Park Suite 142
Houston,TX77036 		  PC General Support 300,000

Pew Research Center

901 E Street NW 300
Washington,DC20004 		  PC General Support 1,000

Rising Voices FundCenter for Empowered Politics Education Fund

1042 Grant Ave Ste 5
San Francisco,CA94133 		  PC General Support 250,550

Sacred Pipe Resource Center

925 Basin Avenue Suite2
Bismarck,ND58504 		  PC General Support 100,000

Santa Clara County Asian Law Alliance Inc

991 West Hedding Street Suite 202
San Jose,CA95126 		  PC General Support 100,500

Sikh American Legal Defense and Education Fund Inc

1612 K Street NW Suite 600
Washington,DC20006 		  PC General Support 250,900

Southeast Asian Mutual Assistance Associations Coalition Inc

1711 S Broad Street 2nd Floor
Philadelphia,PA19148 		  PC General Support 251,250

State Voices

1616 P Street NW Suite 220
Washington,DC20036 		  PC General Support 250,000

Tennessee Immigrant & Refugee Rights Coalition

3310 Ezell Road
Nashville,TN37211 		  PC General Support 100,700

The Asian American Foundation

PO Box 21749
Washington,DC20009 		  PC General Support 1,000

Tides Center

1012 Torney Ave
San Francisco,CA94129 		  PC General Support 250,000

University of California Berkeley

1995 University Ave
Berkeley,CA94704 		  PC General Support 650

University of California San Diego

5998 Alcala Park
San Diego,CA92110 		  PC General Support 750

US-Japan Council

1819 L St NW Ste 200
Washington,DC20036 		  PC General Support 1,000

Western Native Voice Education Project

80 25th Street W
Billings,MT59102 		  PC General Support 250,000

Western Native Voice Education Project

80 25th Street W
Billings,MT59102 		  PC General Support 250,000

Western Organization of Resource Councils Education Project

220 S 27th Street B
Billings,MT59101 		  PC General Support 125,000
Total .................................right arrow 3a 15,865,740
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 198,640  
4 Dividends and interest from securities ....     14 64,139  
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 .....     18 8,669  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 5,505,647  
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 5,777,095 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,777,095
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT FEES 81,500 0   81,500
TAX FEES 14,385 0   14,385

TY 2024 DissolutionStmt
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Dissolution Name Dissolution Address Explanation Dissolution Amount
SEE PART XIV GRANTS PAID 1515 US HWY 1
SEBASTIAN,FL32958 		ALL TRANSFERRED ASSETS AND EXCESS DISTRIBUTION CARRYOVERS WERE ALLOCATED TO THE WALLACE H. COULTER FOUNDATION (EIN: 31-1546126) BY THE END OF 2024. THE FAIR MARKET VALUE OF THESE ASSETS WAS REPORTED IN PART III. THE ORGANIZATION TERMINATED ITS PRIVATE FOUNDATION STATUS AS OF THE END OF 2024. 2,230,687


TY 2024 GeneralExplanationAttachment
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Identifier Return Reference Explanation
STATEMENT OF CONTROLLED ENTITIES FORM 990-PF PART VI-A, LINE 11 NAME OF CONTROLLED ENTITY: WALLACE H. COULTER FOUNDATIONEMPLOYER ID NO: 31-1546126ADDRESS: 1515 U.S. HWY 1, 202, SEBASTIAN, FL, 32958EXCESS BUSINESS HOLDING: NOALL ASSETS WERE TRANSFERRED TO A CONTROLLED ENTITY, WHICH IS A PRIVATE FOUNDATION, PURSUANT TO IRC SECTION 507(b)(1)(A).
Supplemental Disclosure to Form 990-PF SUPPLEMENTAL DISCLOSURE For the tax year ended December 31, 2024, the Foundation's net unrealized gains on investments per books in the amount of $4,991,904 are not included on Page 1, Part I, column (a).

TY 2024 LiquidationExplanationStmt
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Statement:
ALL TRANSFERRED ASSETS AND EXCESS DISTRIBUTION CARRYOVERS WERE ALLOCATED TO THE WALLACE H. COULTER FOUNDATION (EIN: 31-1546126) BY THE END OF 2024. THE FAIR MARKET VALUE OF THESE ASSETS WAS REPORTED IN PART III. THE ORGANIZATION TERMINATED ITS PRIVATE FOUNDATION STATUS AS OF THE END OF 2024.


TY 2024 OtherAssetsSchedule
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTEREST AND DIVIDENDS RECEIVABLE 12,553   0
FEDERAL EXCISE TAX PAYABLE 90,948   0


TY 2024 OtherDecreasesSchedule
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Description Amount
507(b)(2) TRANSFER TO WALLACE H COULTER FOUNDATION 2,230,687


TY 2024 OtherExpensesSchedule
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 3,252 0   3,252
INVESTMENT FEES 191 191   0


TY 2024 OtherIncomeSchedule2
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CLASS ACTION SETTLEMENT 8,669 8,669 8,669


TY 2024 OtherProfessionalFeesSchedule
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SECURITIES MANAGEMENT 1,867 1,867   0
SECURITIES CUSTODIAL FEES 13,555 13,555   0
GRANT CONSULTING 3,900 0   3,900


TY 2024 TaxesSchedule
Name:
Wallace H Coulter Trust
EIN:
65-6310670
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 170,343 0   0