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 White Horse Group Foundation Inc
 
% U-N-I Tax Solutions LLC
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-0674318
B Telephone number (see instructions)

(800) 839-1754
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$61,982,369J 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) 24,290,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 17,148 17,148  
4 Dividends and interest from securities... 837,391 837,391  
5a Gross rents............ 280,446 280,446  
b Net rental income or (loss) 23,736
6a Net gain or (loss) from sale of assets not on line 10 403,708
b Gross sales price for all assets on line 6a 2,364,247
7 Capital gain net income (from Part IV, line 2)... 1,561,326
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
346,433 345,399 7,055
12 Total. Add lines 1 through 11........ 26,175,126 3,041,710 7,055
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
601 601 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
31,560 0 0 31,560
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
602,779 43,134   559,645
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
24,255 4,955    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
82,144 82,144 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 26,875     26,875
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
351,716 320,240   30,082
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,119,930 451,074 0 648,162
25 Contributions, gifts, grants paid....... 613,428 613,428
26 Total expenses and disbursements. Add lines 24 and 25 1,733,358 451,074 0 1,261,590
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 24,441,768
b Net investment income (if negative, enter -0-) 2,590,636
c Adjusted net income (if negative, enter -0-)... 7,055
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............. 135,175 125,451 125,451
2 Savings and temporary cash investments......... 225,637 1,072,843 1,072,843
3 Accounts receivable right arrow4,447
Less: allowance for doubtful accounts right arrow   1,933 4,447 4,447
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 arrow25,807,294
Less: allowance for doubtful accounts right arrow   5,237,035 Click to see attachment
List of Attached Documents:
// Content
25,807,294 		25,807,294
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)....... 11,598,132 Click to see attachment
List of Attached Documents:
// Content
11,441,585 		16,028,457
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow3,282,892
Less: accumulated depreciation (attach schedule) right arrow418,872 1,853,990 Click to see attachment
List of Attached Documents:
// Content
2,864,020 		2,864,020
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,623,137 Click to see attachment
List of Attached Documents:
// Content
14,355,436 		15,834,270
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
321,439 		Click to see attachment
List of Attached Documents:
// Content
245,587 		Click to see attachment
List of Attached Documents:
// Content
245,587
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,996,478 55,916,663 61,982,369
Liabilities 17 Accounts payable and accrued expenses.......... 2,053 3,156
18 Grants payable.................    
19 Deferred revenue.................   475,314
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
15,519 		Click to see attachment
List of Attached Documents:
// Content
17,519
23 Total liabilities (add lines 17 through 22)......... 17,572 495,989
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 30,978,906 55,420,674
29 Total net assets or fund balances (see instructions)..... 30,978,906 55,420,674
30 Total liabilities and net assets/fund balances (see instructions). 30,996,478 55,916,663
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
30,978,906
2
Enter amount from Part I, line 27a .....................
2
24,441,768
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
55,420,674
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
55,420,674
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      
b Passthrough K1 Capital Gain/(Loss)      
c PRIVATELY-HELD STOCK D 2024-12-16 2024-12-19
d PRIVATELY-HELD STOCK D 2023-12-01 2024-06-14
e PRIVATELY-HELD STOCK D 2023-12-01 2024-12-16
US FRMNG RLTY TR II DIST IN EX OF BASIS      
(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 1,200,503   765,197 435,306
b       -44,364
c 100,000   0 100,000
d 100,000   0 100,000
e 963,744   0 963,744
      6,640
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       435,306
b        
c       100,000
d       100,000
e       963,744
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,561,326
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 36,010
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 36,010
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 36,010
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 28,488
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 19,500
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 47,988
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
8 277
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 11,701
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow11,701 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 arrowDE
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
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 arrowU-N-I Tax Solutions LLC Telephone no.right arrow (800) 839-1754

Located atright arrow455 Birch StreetKennett SquarePA ZIP+4right arrow19348
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
Dorothy Bontrager VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
J Michael Bontrager Pres, Dir, Sec
10.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
Community Square Advs FKA Sq Roots Hldgs Project Mgmt/Consult 619,891
455 Birch St
KENNETT SQUARE,PA19348
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 SUSTAINABLE COMMUNITY DEVELOPMENT: KENNETT SQ AREA & BLDG CAPACITY TO RESULT IN WELL CONCEIVED COMMUNITY PLANNING TO PROMOTE SOCIAL WELFARE & COMBAT COMMUNITY DETERIORATION 500,095
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
15,622,325
b
Average of monthly cash balances.......................
1b
501,495
c
Fair market value of all other assets (see instructions)................
1c
21,752,529
d
Total (add lines 1a, b, and c).........................
1d
37,876,349
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
37,876,349
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
568,145
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
37,308,204
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,865,410
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
1,865,410
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
36,010
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
36,010
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,829,400
4
Recoveries of amounts treated as qualifying distributions................
4
60,852
5
Add lines 3 and 4............................
5
1,890,252
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
1,890,252
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
1,261,590
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
1,261,590
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 1,890,252
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,125,749
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......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,261,590
a Applied to 2023, but not more than line 2a 1,125,749
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..... 135,841
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.    
(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 .......... 		1,754,411
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).)
Dorothy Bontrager
J Michael Bontrager
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

HOPE INTERNATIONAL

227 GRANITE RUN DR STE 250
LANCASTER,PA17601 		N/A PC Family evening of hope at the Creamery Event 5,074

KENNETT COLLABORATIVE INC

106 W STATE ST
KENNETT SQUARE,PA19348 		N/A PC Holiday Village proceeds at the Creamery 8,354

NATIONAL PHILANTHROPIC TRUST

165 TOWNSHIP LINE RD STE 1200
JENKINTOWN,PA19046 		N/A PC Square Roots Fund 600,000
Total .................................right arrow 3a 613,428
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 17,148  
4 Dividends and interest from securities ....     14 837,391  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 23,736  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 403,708  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 1,885 14 32,574  
bINTEREST INCOME FROM PRIS     14 7,055 7,055
cINTEREST INCOME FROM NOTES     14 304,919  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 1,885 1,626,531 7,055
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,635,471
(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.)
11 Income earned from Program Related Investment, a low-interest loan to Defy Ventures, Inc., a 501(c)(3) public charity, which seeks to break the cycle of incarceration by providing development and career opportunities.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The White Horse Group Foundation Inc
 
Employer identification number

20-0674318
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
The White Horse Group Foundation Inc
  		Employer identification number
20-0674318
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Bontrager J Michael
455 Birch Street
 
Kennett Square, PA19348

$ 24,290,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The White Horse Group Foundation Inc
  		Employer identification number

20-0674318
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 Privately-held stock , 70000 sh. $ 24,290,000 2024-12-16
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 Trademark - Mental Shelf Space $ 0 2024-10-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 Trademark - 3rd Stage Performance $ 0 2024-10-24
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The White Horse Group Foundation Inc
  		Employer identification number

20-0674318
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL CONSULTATIONS 31,560     31,560

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

TY 2024 DepreciationSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
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
110 LAFAYETTE-BLDG 2023-09-07 352,957 4,278 SL 27 12,835 12,835 0  
110 LAFAYETTE-LAND   140,650   L       0  
200 CYPRESS - ROOF 2023-04-07 10,380 283 SL 27 377 377 0  
324 CENTER - BLDG 2023-02-07 123,821 4,127 SL 27 4,503 4,503 0  
324 CENTER - LAND   83,025   L       0  
324 CENTER - HVAC 2023-04-19 5,183 141 SL 27 188 188 0  
407 MAPLE - BLDG 2023-02-07 157,841 5,261 SL 27 5,740 5,740 0  
407 MAPLE - LAND 2023-02-07 56,700   L       0  
144 W CEDAR-BLDG 2010-09-20 54,754 25,302 SL 27 1,991 1,991 0  
200 E CYPRESS-BLDG 2010-12-03 163,515 77,546 SL 27 5,946 5,946 0  
420 S BROAD - BLDG 2011-05-13 65,837 30,224 SL 27 2,394 2,394 0  
422 S BROAD - BLDG 2011-05-13 65,783 30,199 SL 27 2,392 2,392 0  
500 E CYPRESS-BLDG 2020-07-29 43,298 3,610 SL 39 1,110 1,110 0  
144 W CEDAR - LAND 2022-04-01 29,881   L       0  
200 E CYPRESS-LAND 2010-12-03 65,423   L       0  
420 S BROAD-LAND 2015-12-01 40,963   L       0  
422 S BROAD - LAND 2011-05-13 41,017   L       0  
500 E CYPRESS-LAND 2020-10-08 136,759   L       0  
200 E CYPRESS-CARP 2013-12-20 1,320 1,320 SL 7     0  
200 E CYPRESS-APPL 2015-06-18 666 666 SL 5     0  
200 E CYPRESS-APPL 2015-07-24 132 132 SL 5     0  
200 E CYPRESS-APPL 2016-03-29 370 370 SL 5     0  
200 E CYPRESS-PORC 2017-05-23 11,701 2,799 SL 27 425 425 0  
200 E CYPRESS-APPL 2018-01-27 1,032 1,032 SL 5     0  
420 S BROAD-IMPROV 2011-10-06 1,810 1,477 SL 15 121 121 0  
422 S BROAD - APPL 2011-10-27 543 543 SL 5     0  
428/430 BROAD-BLDG 2014-06-05 156,963 54,464 SL 27 5,708 5,708 0  
428/430 BROAD-APPL 2015-07-24 143 143 SL 5     0  
428/430 BROAD-APPL 2016-03-25 186 186 SL 5     0  
428/430 BROAD-APPL 2018-07-24 508 508 SL 5     0  
428/430 BROAD-APPL 2018-09-24 399 399 SL 5     0  
412 S BROAD - BLDG 2015-12-01 158,395 46,560 SL 27 5,760 5,760 0  
412 S BROAD-IMPROV 2018-07-11 4,996 1,001 SL 27 182 182 0  
412 S BROAD - APPL 2018-04-19 350 350 SL 5     0  
412 S BROAD - LAND 2015-12-01 65,069   L       0  
428/430 S BROAD-LD 2014-06-25 61,426   L       0  
144 W CEDAR-IMPROV 2011-04-01 52,971 24,485 SL 27 1,926 1,926 0  
144 W CEDAR - FURN 2011-04-01 583 583 SL 5     0  
144 W CEDAR - APPL 2011-04-01 3,344 3,344 SL 5     0  
144 W CEDAR-LD IMP 2011-04-01 4,500 3,813 SL 15 300 300 0  
144 W CEDAR-FL IMP 2011-04-01 1,203 1,203 SL 7     0  
144 W CEDAR-IMPROV 2019-10-02 2,300 357 SL 27 84 84 0  
200 E CYPRESS-APPL 2010-12-03 366 366 SL 5     0  
200 E CYPRESS-APPL 2012-05-09 596 596 SL 7     0  
200 E CYPRESS-CARP 2012-06-11 2,000 2,000 SL 7     0  
200 E CYPRESS-DOOR 2012-11-07 138 138 SL 7     0  
200 E CYPRESS-GAS 2012-11-27 1,500 610 SL 27 55 55 0  
200 E CYPRESS-APPL 2019-04-02 581 551 SL 5 30 30 0  
200 E CYPRESS-CARP 2019-03-05 2,360 1,629 SL 7 337 337 0  
200 E CYPRESS-CARP 2021-02-11 2,518 1,050 SL 7 360 360 0  
200 E CYPRESS-APPL 2021-12-31 313 126 SL 5 63 63 0  
200 E CYP-GAS HEAT 2022-02-16 1,568 105 SL 27 57 57 0  
422 S BROAD-IMPROV 2011-10-06 1,810 1,477 SL 15 121 121 0  
412 S BROAD-APPL 2019-08-09 582 513 SL 5 69 69 0  
412 S BROAD-DECK 2019-10-25 1,192 179 SL 27 43 43 0  
144 W CEDAR-LD IMP 2022-04-13 4,700 548 SL 15 313 313 0  
500 E CYP-WTR HEAT 2022-05-31 372 20 SL 27 14 14 0  
412 S BROAD-FIXT 2023-06-06 630 74 SL 5 126 126 0  
420 S BROAD-REFRIG 2023-09-30 795 40 SL 5 159 159 0  
499 N MILL - BLDG 2024-04-26 174,216   SL 27 4,223 4,223 0  
499 N MILL - LAND 2024-04-26 136,736   L       0  
499 N MILL-IMPROV 2024-07-09 2,500   SL 27 45 45 0  
322 E LINDEN-BLDG 2024-01-05 654,142   SL 27 23,787 23,787 0  
322 E LINDEN-LAND 2024-01-05 113,585   L       0  
322 E LINDEN-FRIDG 2024-08-20 1,251   SL 5 83 83 0  
322 E LINDEN-OVEN 2024-10-31 940   SL 5 31 31 0  
324 CENTER-WASHER 2024-08-29 1,195   SL 5 80 80 0  
110 LAFAYETTE-IMP 2024-11-07 850   SL 27 5 5 0  
407 MAPLE - IMPROV 2024-11-26 1,300   SL 27 4 4 0  
420/422 S BROAD-IM 2024-02-06 1,509   SL 27 50 50 0  
420/422 S BROAD-IM 2024-04-04 1,400   SL 27 38 38 0  
428/430 S BROAD-IM 2024-03-28 750   SL 27 20 20 0  
428/430 S BROAD-IM 2024-04-04 1,800   SL 27 49 49 0  

TY 2024 InvestmentsCorpStockSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Name of Stock End of Year Book Value End of Year Fair Market Value
BAIRD SHORT TERM BOND FUND INS 1,046,701 1,019,888
CONESTOGA SMALL CAP INST 220,793 322,854
GOLDMAN SACHS GQG PARTNERS INT 618,197 855,763
MFS INTERNATIONAL EQUITY FUND 835,443 888,579
MORGAN STANLEY INTL ADVANTAGE 862,660 923,874
SPDR GOLD SHARES 570,417 774,090
THORNBURG LIMITED TERM INCOME 1,072,436 1,016,060
USQ CORE REAL ESTATE FUND CLAS 3,038,749 3,442,833
VANGUARD 500 INDEX FUND ADM 2,622,189 5,696,316
VANGUARD MID-CAP INDEX FD ADMI 425,204 822,976
VANGUARD SMALL CAP INDEX FD AD 128,796 265,224

TY 2024 InvestmentsLandSchedule2
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
110 LAFAYETTE-BLDG 352,957 17,113 335,844  
110 LAFAYETTE-LAND 140,650   140,650  
200 CYPRESS - ROOF 10,380 660 9,720  
324 CENTER - BLDG 123,821 8,630 115,191  
324 CENTER - LAND 83,025   83,025  
324 CENTER - HVAC 5,183 329 4,854 4,854
407 MAPLE - BLDG 157,841 11,001 146,840  
407 MAPLE - LAND 56,700   56,700  
144 W CEDAR-BLDG 54,754 27,293 27,461  
200 E CYPRESS-BLDG 163,515 83,492 80,023  
420 S BROAD - BLDG 65,837 32,618 33,219  
422 S BROAD - BLDG 65,783 32,591 33,192  
500 E CYPRESS-BLDG 43,298 4,720 38,578  
144 W CEDAR - LAND 29,881   29,881  
200 E CYPRESS-LAND 65,423   65,423  
420 S BROAD-LAND 40,963   40,963  
422 S BROAD - LAND 41,017   41,017  
500 E CYPRESS-LAND 136,759   136,759  
200 E CYPRESS-CARP 1,320 1,320    
200 E CYPRESS-APPL 666 666    
200 E CYPRESS-APPL 132 132    
200 E CYPRESS-APPL 370 370    
200 E CYPRESS-PORC 11,701 3,224 8,477  
200 E CYPRESS-APPL 1,032 1,032    
420 S BROAD-IMPROV 1,810 1,598 212  
422 S BROAD - APPL 543 543    
428/430 BROAD-BLDG 156,963 60,172 96,791  
428/430 BROAD-APPL 143 143    
428/430 BROAD-APPL 186 186    
428/430 BROAD-APPL 508 508    
428/430 BROAD-APPL 399 399    
412 S BROAD - BLDG 158,395 52,320 106,075  
412 S BROAD-IMPROV 4,996 1,183 3,813  
412 S BROAD - APPL 350 350    
412 S BROAD - LAND 65,069   65,069  
428/430 S BROAD-LD 61,426   61,426  
144 W CEDAR-IMPROV 52,971 26,411 26,560  
144 W CEDAR - FURN 583 583    
144 W CEDAR - APPL 3,344 3,344    
144 W CEDAR-LD IMP 4,500 4,113 387  
144 W CEDAR-FL IMP 1,203 1,203    
144 W CEDAR-IMPROV 2,300 441 1,859  
200 E CYPRESS-APPL 366 366    
200 E CYPRESS-APPL 596 596    
200 E CYPRESS-CARP 2,000 2,000    
200 E CYPRESS-DOOR 138 138    
200 E CYPRESS-GAS 1,500 665 835  
200 E CYPRESS-APPL 581 581    
200 E CYPRESS-CARP 2,360 1,966 394  
200 E CYPRESS-CARP 2,518 1,410 1,108  
200 E CYPRESS-APPL 313 189 124  
200 E CYP-GAS HEAT 1,568 162 1,406  
422 S BROAD-IMPROV 1,810 1,598 212  
412 S BROAD-APPL 582 582    
412 S BROAD-DECK 1,192 222 970  
144 W CEDAR-LD IMP 4,700 861 3,839  
500 E CYP-WTR HEAT 372 34 338  
412 S BROAD-FIXT 630 200 430  
420 S BROAD-REFRIG 795 199 596  
499 N MILL - BLDG 174,216 4,223 169,993  
499 N MILL - LAND 136,736   136,736  
499 N MILL-IMPROV 2,500 45 2,455  
322 E LINDEN-BLDG 654,142 23,787 630,355  
322 E LINDEN-LAND 113,585   113,585  
322 E LINDEN-FRIDG 1,251 83 1,168  
322 E LINDEN-OVEN 940 31 909  
324 CENTER-WASHER 1,195 80 1,115  
110 LAFAYETTE-IMP 850 5 845  
407 MAPLE - IMPROV 1,300 4 1,296  
420/422 S BROAD-IM 1,509 50 1,459  
420/422 S BROAD-IM 1,400 38 1,362  
428/430 S BROAD-IM 750 20 730  
428/430 S BROAD-IM 1,800 49 1,751  

TY 2024 InvestmentsOtherSchedule2
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CHATHAM FINANCIAL   10,410,000 10,410,000
LEGACY VENTURE X LLC   664,137 791,709
LEGACY VENTURES VIII, LLC   799,272 1,855,509
LEGACY VENTURES XI LLC   454,464 476,313
MISSIONOG PARALLEL FD II, LP   255,769 444,249
MISSIONOG PARALLEL FUND III, L   216,133 236,010
OSAGE UNIVERSITY PARTNERS II,   595,061 610,705
SEAMARK FUND LP   545,740 7,123
SOVEREIGN'S CAPITAL II, LP   157,156 703,201
US FARMING REALTY TRUST II, LP   0 41,747
STERLING HEDRICK INVSTMENT LLC   185,003 185,003
RED FEATHER PARTNERS INV   58,720 58,720
IT'S FUN TO STAY AT THE INV   13,981 13,981

TY 2024 LegalFeesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL CONSULTATIONS 601 601    


TY 2024 OtherAssetsSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI - DEFY VENTURES INC   245,587 245,587


TY 2024 OtherExpensesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 27,006     27,006
Bank Charges 567 567    
K-1 Exp LEGACY VENTURE X LLC 29,844 29,843    
K-1 Exp LEGACY VENTURES VIII, 29,300 29,297    
K-1 Exp LEGACY VENTURES XI LLC 26,177 26,177    
K-1 Exp MISSIONOG PARALLEL FD 8,172 8,172    
K-1 Exp MISSIONOG PARALLEL FUN 11,438 10,882    
K-1 Exp OSAGE UNIVERSITY PARTN 10,326 10,320    
K-1 Exp SEAMARK FUND LP 19,225 19,225    
K-1 Exp SOVEREIGN'S CAPITAL II 11,550 11,550    
K-1 Exp US FARMING REALTY TRUS 87      
K-1 EXP STERLING HEDRICK INV L 653      
K-1 EXP RED FEATHER PARTNERS I 215 127    
STATE OR LOCAL FILING FEES 25     25
PROPERTY MAINTENANCE & MGMT 173,847 173,847    
DUES & LICENSES 133 131   2
SUPPLIES 666 86   580
POSTAGE & DELIVERY 17 16   1
YOUTH MENTORSHP/INTERNSHP FEES 2,468     2,468


TY 2024 OtherIncomeSchedule2
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss LEGACY VENTURE X LLC 4,611 3,429  
K-1 Inc/Loss LEGACY VENTURES VIII, LLC 5,236 5,068  
K-1 Inc/Loss LEGACY VENTURES XI LLC 3,699 3,696  
K-1 Inc/Loss MISSIONOG PARALLEL FD II, LP 2,960 2,960  
K-1 Inc/Loss MISSIONOG PARALLEL FUND III, LP 153 146  
K-1 Inc/Loss OSAGE UNIVERSITY PARTNERS II, LP 796 796  
K-1 Inc/Loss SEAMARK FUND LP 58 58  
K-1 Inc/Loss SOVEREIGN'S CAPITAL II, LP 822 822  
K-1 Inc/Loss US FARMING REALTY TRUST II, LP 11,161 11,487  
K-1 Inc/Loss STERLING HEDRICK INV 1,898 1,898  
K-1 Inc/Loss RED FEATHER PARTNERS INV 3,213 3,213  
K-1 Inc/Loss IT'S FUN TO STAY AT THE INV -148 -148  
Interest Income from PRIs 7,055 7,055 7,055
Interest Income from Notes 304,919 304,919  


TY 2024 OtherLiabilitiesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS   17,519


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TY 2024 OtherNotesLoansRcvblLongSch
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
120 MARSHALL LLC   418,315 412,798 2023-05 2027-06 MONTHLY PRINCIPAL AND INTEREST 9 % LIEN ON PREMESIS/ASSIGNMT OF CONSTRUCTN CONTRACTS CONSTRUCTION PROJECT    
CHATHAM FINANCIAL   4,818,720 3,854,976 2023-12 2028-12 ANNUAL PRINCIPAL AND INTEREST 625 % UNDERLYING SHARES STOCK REDEMPTION PROCEEDS    
CHATHAM FINANCIAL   13,780,000 13,780,000 2024-12 2029-12 ANNUAL PRINCIPAL AND INTEREST 657 % UNDERLYING SHARES STOCK REDEMPTION PROCEEDS    
CHATHAM FINANCIAL   7,759,520 7,759,520 2024-06 2029-06 ANNUAL PRINCIPAL AND INTEREST 616 % UNDERLYING SHARES STOCK REDEMPTION PROCEEDS    

TY 2024 OtherProfessionalFeesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 40,559 40,559    
CONSULTING SERVICES 562,220 2,575   559,645


TY 2024 TaxesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 19,300      
FOREIGN TAX PAID 4,955 4,955