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
THE BILL BASS FOUNDATION
C/O MARC SCHWARTZ HARRISON & HELD LLP
% MINDY DRYDEN
Number and street (or P.O. box number if mail is not delivered to street address)333 W WACKER DR STE 1700-3550
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL606061247
A Employer identification number

61-6314816
B Telephone number (see instructions)

(312) 540-4992
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$19,873,771
J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 138,539 138,539  
4 Dividends and interest from securities... 103,657 103,657  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 544,512
b Gross sales price for all assets on line 6a 2,962,483
7 Capital gain net income (from Part IV, line 2)... 544,512
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)....... 139,564 138,312  
12 Total. Add lines 1 through 11........ 926,272 925,020  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 180,000 90,000   90,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 21,750 0 0 21,750
c Other professional fees (attach schedule).... 109,429 109,429    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 31,042 42    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 44 44    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 342,265 199,515 0 111,750
25 Contributions, gifts, grants paid....... 836,000 831,000
26 Total expenses and disbursements. Add lines 24 and 25 1,178,265 199,515 0 942,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -251,993
b Net investment income (if negative, enter -0-) 725,505
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 716,541 88,386 88,386
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 11,880,912 Click to see attachment
List of Attached Documents:
// Content
12,202,355
19,762,636
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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
32,666
Click to see attachment
List of Attached Documents:
// Content
22,749
Click to see attachment
List of Attached Documents:
// Content
22,749
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,630,119 12,313,490 19,873,771
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........ 12,630,119 12,313,490
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)..... 12,630,119 12,313,490
30 Total liabilities and net assets/fund balances (see instructions). 12,630,119 12,313,490
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
12,630,119
2
Enter amount from Part I, line 27a .....................
2
-251,993
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
12,378,126
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
64,636
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,313,490
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c ALT INV-DEEMED GAINS P    
d CAPITAL GAIN DIVIDENDS P    
e CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 1,648,105   1,424,933 222,206
b 1,244,437   991,935 252,365
c 69,929   0 69,929
d       12
e       12
      12
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       223,172
b       252,502
c       69,929
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 2 544,512
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 10,085
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 10,085
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,085
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 24,233
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,233
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 16
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 14,132
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow14,132 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowMINDY DRYDEN Telephone no.right arrow (708) 717-1373

Located atright arrow1304 ROCHESTER AVENUEIOWA CITYIA ZIP+4right arrow52245
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
 
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
MELINDA JACOBSON CO-TRUSTEE - PART TIME
0
90,000 0 0
55 W MONROE ST SUITE 3550
CHICAGO,IL60603
MARC SCHWARTZ CO-TRUSTEE - PART TIME
0
90,000 0 0
C/O HARRISON HELD
333 WEST WACKER DR SUITE 1700
CHICAGO,IL606061247
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
GOLDMAN SACHS INVESTMENT SERVICES 109,429
71 S WACKER DRIVE
CHICAGO,IL60606
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
18,881,019
b
Average of monthly cash balances.......................
1b
461,627
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
19,342,646
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
19,342,646
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
290,140
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
19,052,506
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
952,625
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
952,625
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
10,085
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,085
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
942,540
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
942,540
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
942,540
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
942,750
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
942,750
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 7 942,540
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 705,562
b Total for prior years:2022, 2021, 2020  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 942,750
a Applied to 2023, but not more than line 2a 705,562
b Applied to undistributed income of prior years
(Election required—see instructions).....
 
c Treated as distributions out of corpus (Election
required—see instructions)........
 
d Applied to 2024 distributable amount..... 237,188
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 ..........
705,352
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ...
 
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.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed .....
         
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)
         
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed ..
         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) ....
         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)....
         
(3) Largest amount of support
from an exempt organization
         
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
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

CHICAGO POLICE MEMORIAL FOUNDATION

1407 W WASHINGTON BLVD
CHICAGO,IL60607
NONE PC GENERAL FUNDS 25,000

INVEST FOR KIDS INC

875 N MICHIGAN AVE
CHICAGO,IL60611
NONE PC GENERAL FUNDS 5,000

JEWISH UNITED FUND OF METROPOLITAN CHICAGO

30 S WELLS STREET SUITE 4049
CHICAGO,IL60606
NONE PC GENERAL FUNDS 118,000

LURIE CHILDRENS FOUNDATION

225 E CHICAGO AVE PR DPT BOX 269
CHICAGO,IL60611
NONE PC GENERAL FUNDS 50,000

NATIONAL MULTIPLE SCLEROSIS SOCIETY

733 THIRD AVE 3RD FLOOR
NEW YORK,NY10017
NONE PC GENERAL FUNDS 20,000

RAVINIA FESTIVAL ASSOCIATION

418 SHERIDAN ROAD
HIGHLAND PARK,IL60035
NONE PC GENERAL FUNDS 10,000

RICHARD SCHOENSTADT MEMORIAL FOUNDATION

12 CONTINENTAL RD
SCARSDALE,NY10583
NONE PC GENERAL FUNDS 5,000

ST IGNATIUS COLLEGE PREP

1076 W ROOSEVELT RD
CHICAGO,IL60608
NONE PC GENERAL FUNDS 10,000

TEACH FOR AMERICA

315 W 36TH ST 7TH FLOOR
NEW YORK,NY10018
NONE PC GENERAL FUNDS 10,000

AM SHALOM SYNAGOGUE

840 VERNON AVE
GLENCOE,IL60022
NONE PC GENERAL FUNDS 18,000

MALNATI BRAIN TUMOR INSTITUTE

541 N FAIRBANKS CT
RM 1630
CHICAGO,IL606113319
NONE PC GENERAL FUNDS 35,000

NATIONAL CAMPAIGN TO STOP VIOLENCE

2021 MASSACHUSETTS AVENUE
WASHINGTON,DC20036
NONE PC GENERAL FUNDS 10,000

SHIRLEY RYAN ABILITY LAB

355 E ERIE ST
CHICAGO,IL60611
NONE PC GENERAL FUNDS 50,000

THE HELPING HAND NETWORK

425 HUEHL RD SUITE 168
NORTHBROOK,IL60062
NONE PC GENERAL FUNDS 10,000

CONGREGATION BJBE

1201 LAKE COOK RD
DEERFIELD,IL60015
NONE PC GENERAL FUNDS 10,000

UNIVERSITY OF ILLINOIS FOUNDATION

1305 W GREEN ST
URBANA,IL61801
NONE PC GENERAL FUNDS 50,000

BIRTHRIGHT ISRAEL FOUNDATION

PO BOX 21615
NEW YORK,NY10087
NONE PC GENERAL FUNDS 46,000

GREATER CHICAGO FOOD DEPOSITORY

4100 W ANN LURIE PL
CHICAGO,IL60632
NONE PC GENERAL FUNDS 25,000

OLD TOWN SCHOOL OF FOLK MUSIC

4544 N LINCOLN AVE
CHICAGO,IL60625
NONE PC GENERAL FUNDS 2,500

SIMON WIESENTHAL CENTER

1399 S ROXBURTY DR
LOS ANGELES,CA90035
NONE PC GENERAL FUNDS 10,000

FIRST TEE OF CHICAGO FOUNDATION

35 E WACKER DR STE 300
CHICAGO,IL606012111
NONE PC GENERAL FUNDS 11,000

ILLINOIS HOLOCAUST MUSEUM & EDUCATION CENTER

9603 WOODS DRIVE
SKOKIE,IL60077
NONE PC GENERAL FUNDS 7,500

FRIENDS OF THE ISRAEL DEFENSE FORCES

PO BOX 4224
NEW YORK,NY10163
NONE PC GENERAL FUNDS 2,500

GLASA

27864 IRMA LEE CIRCLE
LAKE FOREST,IL60045
NONE PC GENERAL FUNDS 5,000

THE NORA PROJECT

PO BOX 664
HIGHLAND PARK,IL600350664
NONE PC GENERAL FUNDS 20,000

AMERICAN CANCER SOCIETY

250 WILLIAMS STREET NW
ATLANTA,GA30303
NONE PC GENERAL FUNDS 10,000

CENTER FOR ENRICHED LIVING

280 SAUNDERS ROAD
RIVERSWOODS,IL60015
NONE PC GENERAL FUNDS 5,000

CROHN'S COLITIS FOUNDATION

733 THIRD AVENUE SUITE 510
NEW YORK,NY10017
NONE PC GENERAL FUNDS 10,000

CYSTIC FIBROSIS FOUNDATION

4550 MONTGOMERY AVE SUITE 1100N
BEHESDA,MD20814
NONE PC GENERAL FUNDS 25,000

FEMALE STRONG

444 N MICHIGAN AVENUE SUITE 3450
CHICAGO,IL60611
NONE PC GENERAL FUNDS 10,000

HAROLD E EISENBERG FOUNDATION

540 W FRONTAE RD SUITE 2210
NORTHFIELD,IL60093
NONE PC GENERAL FUNDS 15,000

HIGHLAND PARK COMMUNITY FOUNDATION

PO BOX 398
HIGHLAND PARK,IL600350398
NONE PC GENERAL FUNDS 7,500

GUEST HOUSE

1933 W POLK ST
CHICAGO,IL60612
NONE PC GENERAL FUNDS 2,000

LES TURNER ALS FOUNDATION

5550 W TOUHY AVE
SKOKIE,IL60077
NONE PC GENERAL FUNDS 5,000

MARKLUND

1S 450 WYATT DRIVE
GENEVA,IL60134
NONE PC GENERAL FUNDS 5,000

NATIONAL ITALIAN AMERICAN SPORTS

3417 N HARLEM AVE
CHICAGO,IL60634
NONE PC GENERAL FUNDS 2,500

NORTHWESTERN LAW

28274 NETWORK PLACE
CHICAGO,IL60673
NONE PC GENERAL FUNDS 10,000

ROLFE PANCREATIC CANCER FOUNDATION

4255 N HONORE ST STE 209
CHICAGO,IL60613
NONE PC GENERAL FUNDS 5,000

TAP CANCER OUT

1974 CAROLINA PL 104
FORT MILL,SC26708
NONE PC GENERAL FUNDS 5,000

THE 100 THOUSAND FOUNDATION

1142 CHERRY STREET
DEERFIELD,IL60015
NONE PC GENERAL FUNDS 2,000

WOMEN EMPLOYED

1 E WACKER DR 2520
CHICAGO,IL60601
NONE PC GENERAL FUNDS 5,000

ANTHONY RIZZO FAMILY FOUNDATION

7670 NW 62 WAY
PARKLAND,FL33067
NONE PC GENERAL FUNDS 10,000

CHAMPAIGN URBANA BALLET

2816 W CLARK RD
CHAMPAIGN,IL61822
NONE PC GENERAL FUNDS 7,500

COUNCIL FOR JEWISH ELDERLY

3003 W TOUCHY AVE
CHICAGO,IL60645
NONE PC GENERAL FUNDS 5,000

CHICAGOLAND SPORTS HALL OF FAME

309 W WASHINGTON STREET STE 850
CHICAGO,IL60606
NONE PF GENERAL FUNDS 5,000

EVANS SCHOLAR FOUNDATION

2501 PARTRIOT BOULEVARD
GLENVIEW,IL60026
NONE PC GENERAL FUNDS 5,000

FRIENDS OF OSCAR MAYER SCHOOL

2250 N CLIFTON AVE
CHICAGO,IL60614
NONE PC GENERAL FUNDS 5,000

GOODMAN THEATRE COMPANY

170 NORTH DEARBORN STREET
CHICAGO,IL60601
NONE PC GENERAL FUNDS 2,500

IMERMAN ANGELS

2001 N HALSTED ST 302
CHICAGO,IL60614
NONE PC GENERAL FUNDS 10,000

THE MULTIPLE MYELOMA RESEARCH FOUNDATION (MMRF)

383 MAIN AVENUE 5TH FLOOR
NORWALK,CT06851
NONE PC GENERAL FUNDS 2,500

NORTHMOOR EDUCATION FOUNDATION

500 WEST MADISON AVENUE
SUITE 3700
CHICAGO,IL60661
NONE PC GENERAL FUNDS 2,500

NORTHWESTERN MEMORIAL HEALTHCARE FOUNDATION

541 N FAIRBANKS CT
RM 1630
CHICAGO,IL60611
NONE PC GENERAL FUNDS 25,000

PICKLES GROUP

120 MEADOW LANE
WINNETKA,IL60093
NONE PC GENERAL FUNDS 10,000

REBECCA A COPRELAND FUND

103 PROSPECT AVE
HIGHLAND PARK,IL60035
NONE PC GENERAL FUNDS 2,500

SECOND SENSE

65 E WACKER PLACE 1010
CHICAGO,IL60601
NONE PC GENERAL FUNDS 5,000

SPECIAL CHILDRENS CHARITIES

2 EAST 8TH STREET 2M
CHICAGO,IL60605
NONE PC GENERAL FUNDS 28,000

THE BREAKTHROUGH BOARD

3354 N PAULINA ST SUITE 208
CHICAGO,IL60657
NONE PC GENERAL FUNDS 5,000

THE MICHAEL HULETT CHARITY

700 CORPORATE WOODS PARKWAY
VERNON HILLS,IL60061
NONE PC GENERAL FUNDS 6,000

WE THE BEST FOUNDATION

3000 MARCUS AVE STE 1W5
LAKE SUCCESS,NY11042
NONE PC GENERAL FUNDS 10,000
Total .................................right arrow 3a 836,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
    14 138,539  
4 Dividends and interest from securities ....     14 103,657  
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 ............
    18 544,512  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME/LOSS
900099 1,260 01 138,304  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 1,260 925,012  
13Total. Add line 12, columns (b), (d), and (e)..................
13
926,272
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE BILL BASS FOUNDATION
 
C/O MARC SCHWARTZ HARRISON & HELD LLP
EIN:
61-6314816
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FRIEDMAN & HUEY ASSOCIATES 21,750     21,750

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

TY 2024 DepreciationSchedule
Name:
THE BILL BASS FOUNDATION
 
C/O MARC SCHWARTZ HARRISON & HELD LLP
EIN:
61-6314816
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)
Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpStockSchedule
Name:
THE BILL BASS FOUNDATION
 
C/O MARC SCHWARTZ HARRISON & HELD LLP
EIN:
61-6314816
Name of Stock End of Year Book Value End of Year Fair Market Value
BALANCED ADVISORY 3,173,799 8,113,591
VINTAGE VII, LP 15,017 427,064
CORP FIXED INCOME 3,302,761 3,276,773
BROAD STREET REAL ESTATE CR 123,282 121,283
OZRE III ACCESS LP 53,954 51,594
GLOBAL PRIVATE OPPS PTNS II 0 171,411
SILVER POINT DISTRESSED OFF,LP 1,736 272,441
NEUBERGER HOLDINGS 353,782 460,093
VINTAGE VIII, LP 508,743 1,144,135
BREP IX ACCESS OFFSHORE 209,170 291,866
CARLYLE OPPORTUNITIES ACCESS 404,307 395,494
VINTAGE IX OFFSHORE LP 335,996 499,491
PATIENT SQUARE ACCESS OFF 162,349 185,104
VINTAGE V LP 0 47,399
VINTAGE VI LP 0 211,610
WSMPVIIO 228,892 225,343
WSRECP IV OFFSHORE 115,551 111,346
VISTA EQUITY PARTNERS VIII 77,224 88,243
SLR PRIVATE CREDIT II 209,893 193,418
BX REAL ESTATE PARTNERS X 175,447 174,605
APOLLO X GLOBAL ACCESS 221,036 238,176
WELLINGTON BIOMEDICAL 65,014 103,594
KING STREET GLOBAL DRAWDOWN II 363,306 382,670
SILVER POINT DOIP II ACCESS 72,450 78,814
TIGER GLOBAL CROSSOVER ACCESS 500,000 605,964
THE CHILDREN'S INVESTMENT FUND 750,000 1,009,095
VINTAGE VII AIV LP 28,646 0
CORVEX DYNAMIC EQUITY SELECT 750,000 878,594
PMC PARTNERS I OFFSHORE ACCESS 0 3,425

TY 2024 OtherAssetsSchedule
Name:
THE BILL BASS FOUNDATION
 
C/O MARC SCHWARTZ HARRISON & HELD LLP
EIN:
61-6314816
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS RECEIVABLE 29,652 22,749 22,749
ACCRUED INTEREST C/O 3,014 0 0


TY 2024 OtherDecreasesSchedule
Name:
THE BILL BASS FOUNDATION
 
C/O MARC SCHWARTZ HARRISON & HELD LLP
EIN:
61-6314816
Description Amount
PRIOR PERIOD ADJUSTMENT 64,636


TY 2024 OtherExpensesSchedule
Name:
THE BILL BASS FOUNDATION
 
C/O MARC SCHWARTZ HARRISON & HELD LLP
EIN:
61-6314816
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 20 20    
OTHER EXPENSES 24 24    


TY 2024 OtherIncomeSchedule2
Name:
THE BILL BASS FOUNDATION
 
C/O MARC SCHWARTZ HARRISON & HELD LLP
EIN:
61-6314816
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OZRE III ACCESS LP 8,931 8,939  
BROAD STREET REAL ESTATE CREDIT PARTNERS 21,514 21,514  
VINTAGE VII AIV OFFSHORE SCSP 789 789  
CARLYLE OPPORTUNITIES ACCESS OFFSHORE -1,382 -1,382  
SLR PRIVATE CREDIT II (BDC) ACCESS LP 11,282 11,282  
VINTAGE IX B OFFSHORE SCSP 19,564 19,564  
SILVER POINT DOIP II OFFSHORE 6,653 6,653  
WSMP VIII OFFSHORE 50,246 50,246  
WSRECP IV OFFSHORE 21,967 21,967  
LESS AMOUNT REPORTED ON 990-T   -1,260  


TY 2024 OtherProfessionalFeesSchedule
Name:
THE BILL BASS FOUNDATION
 
C/O MARC SCHWARTZ HARRISON & HELD LLP
EIN:
61-6314816
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MGMT FEES 109,429 109,429    


TY 2024 TaxesSchedule
Name:
THE BILL BASS FOUNDATION
 
C/O MARC SCHWARTZ HARRISON & HELD LLP
EIN:
61-6314816
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PRIOR YEAR EXTENSION PAYMENT 11,000      
2024 PAYMENT 20,000      
FOREIGN TAXES 42 42