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
William Davidson Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1688
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, MI48012
A Employer identification number

20-3899187
B Telephone number (see instructions)

(248) 788-6500
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$1,594,951,039J 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 1,165,535 1,165,535 0
4 Dividends and interest from securities... 2,645,924 2,924,690 0
5a Gross rents............ 0 0 0
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
65,413,890
b Gross sales price for all assets on line 6a 391,448,140
7 Capital gain net income (from Part IV, line 2)... 50,442,131
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,131,250 33,139,412 0
12 Total. Add lines 1 through 11........ 80,356,599 87,671,768 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,510,450 77,384 0 1,433,066
14 Other employee salaries and wages...... 2,394,488 40,382 0 2,354,106
15 Pension plans, employee benefits....... 1,076,999 28,897 0 1,048,102
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
23,124 2,952 0 20,172
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
154,458 4,658 0 149,800
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
5,355,982 4,433,414 0 922,568
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,251,640 0 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
284,679 0 0
20 Occupancy.............. 248,257 5,150 0 243,107
21 Travel, conferences, and meetings....... 352,729 10,418 0 342,311
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,013,204 58,567 0 1,954,637
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 14,666,010 4,661,822 0 8,467,869
25 Contributions, gifts, grants paid....... 59,609,722 59,609,722
26 Total expenses and disbursements. Add lines 24 and 25 74,275,732 4,661,822 0 68,077,591
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,080,867
b Net investment income (if negative, enter -0-) 83,009,946
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............. 591,736 1,097,729 1,097,729
2 Savings and temporary cash investments......... 35,381,548 26,593,912 26,593,912
3 Accounts receivable right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
4 Pledges receivable right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
5 Grants receivable................. 0 0 0
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use.............. 0 0 0
9 Prepaid expenses and deferred charges.......... 169,018 0 0
10a Investments—U.S. and state government obligations (attach schedule) 80,203,484 Click to see attachment
List of Attached Documents:
// Content
88,220,427 		86,177,906
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
0 		0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans............. 0 0 0
13 Investments—other (attach schedule).......... 953,449,807 Click to see attachment
List of Attached Documents:
// Content
959,337,461 		1,414,252,061
14 Land, buildings, and equipment: basis right arrow67,291,062
Less: accumulated depreciation (attach schedule) right arrow461,631 36,984,936 Click to see attachment
List of Attached Documents:
// Content
66,829,431 		66,829,431
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,106,780,529 1,142,078,960 1,594,951,039
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,902 		Click to see attachment
List of Attached Documents:
// Content
10,457
23 Total liabilities (add lines 17 through 22)......... 3,902 10,457
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........... 1,106,776,627 1,142,068,503
25 Net assets with donor restrictions............ 0 0
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 1,106,776,627 1,142,068,503
30 Total liabilities and net assets/fund balances (see instructions). 1,106,780,529 1,142,078,960
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
1,106,776,627
2
Enter amount from Part I, line 27a .....................
2
6,080,867
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
29,211,009
4
Add lines 1, 2, and 3 ..........................
4
1,142,068,503
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,142,068,503
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 LOSS ON DISPOSAL OF SOFTWARE P    
c LOSS ON DISPOSAL OF HARDWARE P    
d FUND #0046 P    
e FUND #0048-1 P    
FUND #0048-2 P    
FUND #0048-3 P    
FUND #0048-4 P    
FUND #0048-5 P    
FUND #0049 P    
FUND #0050 P    
FUND #0060 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 391,448,140   391,506,214 -58,074
b     1,900 -1,900
c     6,564 -6,564
d 1,499,532     1,499,532
e 11,627,208     11,627,208
1,746,647     1,746,647
    981,447 -981,447
399,469     399,469
12,877     12,877
    685,381 -685,381
34,012,829     34,012,829
2,876,935     2,876,935
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     0 -58,074
b     0 -1,900
c     0 -6,564
d     0 1,499,532
e     0 11,627,208
    0 1,746,647
    0 -981,447
    0 399,469
    0 12,877
    0 -685,381
    0 34,012,829
    0 2,876,935
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 50,442,131
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 1,153,838
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-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 1,153,838
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 1,153,838
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,073,000
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 1,073,000
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 8,604
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 89,442
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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, MI
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 arrowWWW.WILLIAMDAVIDSON.ORG
14
The books are in care ofright arrowRALPH GERSON Telephone no.right arrow (248) 788-6500

Located atright arrowPO BOX 1688BIRMINGHAMMI ZIP+4right arrow48012
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
SEE STATEMENT SEE STATEMENT
1.00 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
ELI SAULSON CLASS A DIRECTOR
1.00 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
ETHAN DAVIDSON CLASS D DIRECTOR
1.00 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
JONATHAN AARON CLASS A DIRECTOR AND CHAIRMAN
1.00 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
KAREN DAVIDSON CLASS A DIRECTOR
1.00 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
MARY AARON CLASS A DIRECTOR AND SECRETARY
1.00 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
RALPH GERSON CLASS A DIRECTOR AND TREASURER
1.00 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
SEE STATEMENT SEE STATEMENT
1.00 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
SEE STATEMENT SEE STATEMENT
1.00 		0 0 0
PO BOX 1688
BIRMINGHAM,MI48012
DARIN MCKEEVER PRESIDENT AND CHIEF EXECUTIVE OFFICER
40.00 		936,950 142,566 0
PO BOX 1688
BIRMINGHAM,MI48012
DANIELLE STEWART HANSON Vice president AND CHIEF FINANCIAL OFFICER
40.00 		573,500 106,902 0
PO BOX 1688
BIRMINGHAM,MI48012
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
CARLA SMITH DIR. OF HR
40.00 		190,750 48,924 0
PO BOX 1688
BIRMINGHAM,MI48012
ERICA MILLER DIR. OF ACCOUNTING
40.00 		216,750 55,050 0
PO BOX 1688
BIRMINGHAM,MI48012
George Jacobsen PROGRAM DIR, SE MI
40.00 		226,650 52,813 0
PO BOX 1688
BIRMINGHAM,MI48012
KARI ALTERMAN DIR. EXTERNAL AFF
40.00 		209,750 58,561 0
PO BOX 1688
BIRMINGHAM,MI48012
STEVE KOKOTOVICH IT MANAGER
40.00 		161,650 41,430 0
PO BOX 1688
BIRMINGHAM,MI48012
Total number of other employees paid over $50,000...................right arrow 12
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
SACHSE CONSTRUCTION AND DEVELOPMENT COMPANY LLC GENERAL CONTRACTOR 23,298,240
3663 WOODWARD AVE Suite 500
DETROIT,MI48201
INVESTURE LLC INVESTMENT CONSULTING 4,424,460
240 W MAIN ST Suite 500
CHARLOTTESVILLE,VA22902
REDICO LLC DEVELOPMENT MANAGER 958,952
1 TOWN SQUARE Suite 1600
SOUTHFIELD,MI48076
ROSSETTI INC ARCHITECT 656,204
160 W FORT STREET SUITE 400
DETROIT,MI48226
YD PULITZER CONSULTING LTD CONSULTING 260,735
12 ELIEZER HAGADOL
  JERUSALEM9359038
IS
Total number of others receiving over $50,000 for professional services.............right arrow10
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
86,031,987
b
Average of monthly cash balances.......................
1b
36,251,571
c
Fair market value of all other assets (see instructions)................
1c
1,359,751,543
d
Total (add lines 1a, b, and c).........................
1d
1,482,035,101
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
1,482,035,101
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
22,230,527
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,459,804,574
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
72,990,229
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
72,990,229
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,153,838
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
2,919
c
Add lines 2a and 2b............................
2c
1,156,757
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
71,833,472
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
71,833,472
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
71,833,472
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
68,077,591
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
29,968,620
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
98,046,211
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 71,833,472
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 51,764,463
b Total for prior years:20 , 2021, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 98,046,211
a Applied to 2023, but not more than line 2a 51,764,463
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 46,281,748
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.   0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		25,551,724
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
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).)
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

Adamah Inc

5425 Mt Gilead Road
Reisterstown,MD21136 		  PC To support Adamah Detroit and planning efforts for a Metro Detroit Jewish retreat center 500,000

Adamah Inc

5425 Mt Gilead Road
Reisterstown,MD21136 		  PC To support Hazon's Detroit-based efforts 25,000

AFSNC Inc

40 W 57th St Floor 26
New York City,NY10019 		  PC For general operating support for Start Up Nation Central 2,500,000

American Committee for the Weizmann Institute of Science Inc

633 3rd Av Floor 20
New York,NY10017 		  PC To support the creation of a new campus for the Davidson Institute of Science Education and the Davidson Institute of Science Education Endowment 3,000,000

American Israel Education Foundation Inc

251 H Street NW
Washington,DC20001 		  PC General operating support 1,000,000

Areivim Philanthropic Group Inc

712 Fifth Avenue Floor 34
New York,NY10019 		  PC Membership dues and for general operating support 50,000

Belle Isle Conservancy

300 River Place Drive 2800
Detroit,MI48207 		  PC To support a sustainability study for the Belle Isle Aquarium and for general operating support 175,000

Birthright Israel Foundation

711 Third Avenue 10th Floor
New York,NY10017 		  PC General operating support and support for Onward Israel 1,500,000

Boundless Israel Inc

464 Common Street 329
Belmont,MA02478 		  PC General operating support 150,000

Central Fund of Israel

461 Central Avenue
Cedarhurst,NY11516 		  PC To support Cyberwell's Artificial Intelligence Initiative 200,000

Chabad on Campus International

719 Eastern Parkway 1st Floor
Brooklyn,NY11213 		  PC To support the Chazak initiative 500,000

College for Creative Studies

201 East Kirby
Detroit,MI48202 		  PC To support Design Core Detroit's 2024 Detroit Month of Design 50,000

Community Foundation for Southeast Michigan

333 W Fort St 2010
Detroit,MI482263134 		  PC To support the New Economy Initiative 1,250,000

Community Foundation for Southeast Michigan

333 W Fort St 2010
Detroit,MI482263134 		  PC To support the Unified Greenway Endowment Fund 5,000,000

Congregation B'nai B'rith Hillel

360 Charles St
East Lansing,MI48823 		  PC To support education and leadership development efforts of the Hillels of Michigan - U of M Hillel, MSU Hillel, and Hillel of Metro Detroit 300,000

Congregation Shaarey Zedek

27375 Bell Rd
Southfield,MI480342079 		  PC For general operating support and support for the development of a campus and facilities master plan 57,500

Congregation Shaarey Zedek

27375 Bell Rd
Southfield,MI480342079 		  PC General operating support 250,000

Council of Michigan Foundations Inc

3101 E Grand Blvd Suite 300
Detroit,MI48202 		  PC 2025 Membership Dues 42,000

Detroit Historical Society

5401 Woodward Av
Detroit,MI48202 		  PC To support the Jewish Historical Society of Michigan's new temporary exhibit in the Community Gallery of the Detroit Historical Museum, In the Neighborhood: Everyday Life on Hastings Street 25,000

Detroit Opera

1526 Broadway
Detroit,MI48226 		  PC To support opera seasons 2,000,000

Detroit Parks Coalition

2937 E Grand Blvd
Detroit,MI48202 		  PC To support the 2024 Pistons Neighbors Program and for capacity building for park management 175,000

Detroit Parks Coalition

2937 E Grand Blvd
Detroit,MI48202 		  PC To support the "3v3 in the D", the 2nd annual youth basketball tournament at the Detroit Riverfront 20,000

Detroit Regional Partnership Foundation

1001 Woodward Ave Suite 800
Detroit,MI48226 		  PC General operating support 250,000

Detroit Riverfront Conservancy Inc

600 Renaissance Center 1720
Detroit,MI482431802 		  PC To support a consulting engagement of the Detroit Riverfront Conservancy 30,000

Detroit Symphony Orchestra Inc

3711 Woodward Ave
Detroit,MI48201 		  PC To support the William Davidson Neighborhood Concert Series and for general operating support 900,000

Downtown Detroit Partnership Inc

1 Campus Martius 380
Detroit,MI48226 		  PC To support Campus Martius Park upgrades and to support DDP's coordination efforts for major events in 2024 450,000

Downtown Detroit Partnership Inc

1 Campus Martius 380
Detroit,MI48226 		  PC To support the 11th Detroit Homecoming 75,000

Endeavor Detroit

2050 15th Street
Detroit,MI48216 		  PC For general operating support and for a matching grant to support fundraising efforts 252,773

Farber Hebrew Day School - Yeshivat Akiva

21100 W 12 Mile Rd
Southfield,MI48076 		  PC For general operating support and development capacity building 300,000

FJC - A Foundation of Donor Advised Funds

225 West 39th Street 12th Floor
New York,NY10018 		  PC To support Natan's Jewish Connections, Confronting Antisemitism, and Reimagining Israel Education committees and for Natan to serve as a partner 275,000

Foundation For Detroit's Future

333 W Fort St Suite 2010
Detroit,MI482263134 		  SO I For Support of the Grand Bargain for the Detroit Institute of Arts 1,250,000

Foundation for the Defense of Democracies Inc

PO Box 33249
Washington,DC20033 		  PC To support the Senior International Fellow 315,000

Friends of ELNET

641 Lexington Av Floor 20
New York,NY10022 		  PC For general operating support and delegations to Israel 450,000

Friends of the Israel Defense Forces

60 E 42nd St 1820
New York,NY10165 		  PC To sponsor the 2024 Michigan Night of Solidarity Annual Dinner 25,000

Gesher Foundation Inc

511 6th Avenue 444
New York,NY10011 		  PC To support the AMI Initiative 850,000

Hillel The Foundation for Jewish Campus Life (Hillel International)

800 8th St NW
Washington,DC20001 		  PC To support the Israel Action and Antisemitism Program, the Israel Leadership Network, The Center for Jewish and Israel Education, and the Student Leadership Network and Fellowship 850,000

Hillel The Foundation for Jewish Campus Life (Hillel International)

800 8th St NW
Washington,DC20001 		  PC For a Host Committee sponsorship of the Here's to 100: Centennial Celebration and Dinner in New York City 10,000

Holocaust Memorial Center

28123 Orchard Lake Road
Farmington Hills,MI48334 		  PC To support the renovation of the permanent exhibit 2,000,000

Industrial Sewing and Innovation Center

5800 Cass Ave Fl 3
Detroit,MI48202 		  PC To support the HUB Capital Campaign 300,000

Institute for Curriculum Services

1569 Solano Ave 204
Berkeley,CA94707 		  PC General operating support 100,000

Isaac Agree Downtown Synagogue

1457 Griswold
Detroit,MI48226 		  PC For general operating support, capacity building, and construction 550,000

Israel Education Resource Center

95 Revere Drive Suite D
Northbrook,IL60062 		  PC To support a Midwest cohort of Jewish educators 100,000

Israel on Campus Coalition

800 8th St NW 3rd Floor
Washington,DC20001 		  PC For general operating support of Academic Engagement Network's educational programs 250,000

ISRAEL-is

Hayarkon 169
Tel Aviv   6345325
IS 		  PC General operating support 100,000

Jerusalem Botanical Gardens

The Hebrew University Givat Ram Ca
Jerusalem   91904
IS 		  PC To support the creation of a new gallery 2,000,000

Jewish Federation of Detroit

6735 Telegraph Rd
Bloomfield Hills,MI483013143 		  PC To support the Lauder Impact Initiative in Detroit 275,000

Jewish Federation of Detroit

6735 Telegraph Rd
Bloomfield Hills,MI483013143 		  PC To support the Israel Emergency Campaign and to support the emergency in Israel 6,090,000

Jewish Federation of Detroit

6735 Telegraph Rd
Bloomfield Hills,MI483013143 		  PC To support the 2025 Annual Campaign, JLabs, and the Collective 2,350,000

Jewish Federation of Detroit

6735 Telegraph Rd
Bloomfield Hills,MI483013143 		  PC To support the Nova Music Festival Pop-Up Exhibit in Detroit and a screening of the movie "We Will Dance Again" about the October 7 attack on the Nova Music Festival 125,000

Jewish Federation of Detroit

6735 Telegraph Rd
Bloomfield Hills,MI483013143 		  PC To support a new director position at JLive and for general operating support for JLive 225,000

Jewish Funders Network

150 West 30th St 900
New York,NY10001 		  PC To support CANVAS's grants to Jewish arts organizations, Matters of the Art Network, Leadership Development Programs, and for CANVAS to serve as a partner 150,000

Jewish Funders Network

150 West 30th St 900
New York,NY10001 		  PC To support 2024 International Conference 50,000

Jewish Funders Network

150 West 30th St 900
New York,NY10001 		  PC For 2025 membership dues and to provide supplemental general operating support 55,000

Jewish Theological Seminary of America

3080 Broadway
New York,NY100274649 		  PC For general operating support for the William Davidson Graduate School of Jewish Education 750,000

Joe Louis Greenway Partnership

115 Erskine
Detroit,MI48201 		  PC To support start-up staffing and organizational infrastructure costs 200,000

JPRO Network Inc

25 Broadway 1700
New York,NY10004 		  PC To support the 2025 JPro Conference in partnership with Jewish Federations 60,000

Keren Shituf Tormim (Keshet) DAF Baam (Heletz) (DAF IL LTD (CC))

Shfayim Center 2nd floor POB 37
Shfayim   6099000
IS 		  PC General operating support 150,000

Louis D Brandeis Center Inc

1717 Pennsylvania Avenue NW Suite 1
Washington,DC20006 		  PC General operating support 250,000

Mabua - Israeli Beit Midrash

DN Mizrach Binyamin
Alon   90618
IS 		  PC General operating support 300,000

MAOZ-SEAL Inc

Hamelacha 4 Entrance B Ground Floo
Lod   7152008
IS 		  PC To support the 2080 Leadership Program 500,000

Mechon Hadar

190 Amsterdam Av
New York,NY10023 		  PC To support the Pedagogy of Partnership's Midwest Fellowship and the Children and Family Division 500,000

Mechon Hadar

190 Amsterdam Av
New York,NY10023 		  PC To support the Pedagogy of Partnership's Midwest Fellowship and the Children and Family Division 50,000

Micah 6 Community

32 Newberry Street
Pontiac,MI48341 		  PC To support the renovation of the vacant Webster Elementary School in Pontiac into a neighborhood community center 500,000

Michigan Founders Fund

206 E Huron Street Suite 305
Ann Arbor,MI48104 		  PC To support Michigan Tech Week 2024 taking place at Michigan Central in Detroit 50,000

Michigan Israel Business Accelerator Foundation

407 E Fort Street Suite 205
Detroit,MI48226 		  PC General operating support 100,000

Midtown Detroit Inc

3939 Woodward Avenue 100
Detroit,MI48201 		  PC To support Phase 1 of the Cultural Center Planning Initiative 750,000

Midtown Detroit Inc

3939 Woodward Avenue 100
Detroit,MI48201 		  PC To sponsor the 50th annual Noel Night 20,000

Momentum Unlimited Inc

6101 Executive Blvd 240
Rockville,MD20852 		  PC General operating support 1,000,000

Momentum Unlimited Inc

6101 Executive Blvd 240
Rockville,MD20852 		  PC General operating support 1,000,000

OneTable

228 Park Ave S Suite 77191
New York,NY10003 		  PC To support the implementation of the strategic plan 1,500,000

OneTable

228 Park Ave S Suite 77191
New York,NY10003 		  PC To support the "OneTable Turns 10" event to honor Rob Orley in New York City 50,000

Reboot

734 Longmeadow Street Unit 103
Longmeadow,MA01106 		  PC To support the Rebooter Network, the Arts Lab, and to serve as a partner 250,000

Repair The World Inc

25 Broadway 17th Floor
New York,NY10004 		  PC To support Detroit Service Corps, Powered by Repair partnerships, and teen and family engagement in Detroit 200,000

Sefaria Inc

228 Park Ave South Suite 79262
New York,NY100031502 		  PC To support maintenance and improvements to the William Davidson Talmud and capacity building 350,000

Sefaria Inc

228 Park Ave South Suite 79262
New York,NY100031502 		  PC To support Sefaria's Rabbi Lord Jonathan Sacks zt"l Legacy Project 1,500,000

Shalem College

3 Haaskan Street
Jerusalem   9378010
IS 		  PC To support the creation of two new majors focused on diplomacy, strategy, and economics 600,000

The Children's Foundation

3011 West Grand Blvd Suite 218
Detroit,MI48202 		  PC To support the Michigan Central Station Children's Endowment Campaign 150,000

The Detroit Institute of Arts

5200 Woodward Av
Detroit,MI48202 		  PC To support the Gargaro Directors Endowment 250,000

The Detroit Institute of Arts

5200 Woodward Av
Detroit,MI48202 		  PC To support the 2024 DIA Gala 50,000

The IDI Foundation Inc

1266 West Paces Ferry Rd 615
Atlanta,GA303272306 		  PC To support the William Davidson Senior Fellow and the IDI's Center for Governance and the Economy 707,449

The Jewish Federations of North America Inc

25 Broadway Suite 1700
New York,NY10004 		  PC To support the LiveSecure program 500,000

The Jewish Federations of North America Inc

25 Broadway Suite 1700
New York,NY10004 		  PC To sponsor the JFNA Unity Event and the 2024 General Assembly 500,000

The Jewish People Policy Institute

Givat Ram Campus POB 39156
Jerusalem   91319
IS 		  PC To support the William Davidson Distinguished Fellow and for general operating support 1,200,000

The Schechter Institutes Inc

Box 3566 PO Box 8500
Philadelphia,PA191783566 		  PC To support the TALI Education Fund, the Schechter Institute Graduate School of Jewish Studies, and for general operating support 1,000,000

The Shalom Hartman Institute of North America

475 Riverside Dr 1450
New York,NY10115 		  PC To support Hartman Digital and Shalom Hartman Institute of North America's work in metro Detroit 900,000

United Jewish Foundation

6735 Telegraph Rd
Bloomfield Hills,MI48301 		  PC To fund the WDF Employee Matching Gift Philanthropic Fund 150,000

United Jewish Foundation

6735 Telegraph Rd
Bloomfield Hills,MI48301 		  PC To fund the WDF Director Discretionary Philanthropic Fund 600,000

UpStart Bay Area

1111 Broadway 3rd Floor
Oakland,CA94607 		  PC To support UpSpark, UpLift, and UpSpring and to serve as a partner 275,000

Venture for America Inc

307 7th Avenue Suite 1201
New York,NY10001 		  PC General operating support 400,000

Washington Institute for Near East Policy

1111 19th St NW 500
Washington,DC20036 		  PC To support the William Davidson Distinguished Fellow and the Young Scholars Program 950,000

Washington Institute for Near East Policy

1111 19th St NW 500
Washington,DC20036 		  PC To support the 2024 Scholar-Statesman Award Gala in New York City 50,000

Wayne State University Research and Technology Park in the City of Detroit

440 Burroughs St
Detroit,MI48202 		  PC To provide technical and other assistance for Detroit-based tech and growth-focused entrepreneurs and to conduct a benchmark analysis on SmartZone tax-capture financing 475,000

Wexner Foundation

8000 Walton Pkwy 110
New Albany,OH43054 		  POF To support the Wexner Davidson Fellowship, completion of Davidson Scholars program, and the alumni program for Davidson Scholars 1,000,000

Yeshivath Beth Yehudah

15751 Lincoln Drive
Southfield,MI48076 		  PC To support the Annual Dinner 50,000
Total .................................right arrow 3a 59,609,722
bApproved for future payment

Adamah Inc
5425 Mt Gilead Road
Reisterstown,MD21136 		  PC To support Adamah Detroit and Adamah on Campus 550,000

AFSNC Inc
40 W 57th St Floor 26
New York City,NY10019 		  PC For general operating support for Start Up Nation Central 2,500,000

Detroit Symphony Orchestra Inc
3711 Woodward Ave
Detroit,MI48201 		  PC To support the William Davidson Neighborhood Concert Series and for general operating support 850,000

Industrial Sewing and Innovation Center
5800 Cass Ave Fl 3
Detroit,MI48202 		  PC To support the HUB Capital Campaign 250,000

Institute for Curriculum Services
1569 Solano Ave 204
Berkeley,CA94707 		  PC General operating support 100,000

Jewish Federation of Detroit
6735 Telegraph Rd
Bloomfield Hills,MI48301 		  PC To support the Lauder Impact Initiative in Detroit 250,000

Jewish Federations of North America
25 Broadway Suite 1700
New York,NY100041015 		  PC To support research into current patterns in the surge of Jewish life, attitudes and behaviors of the Jewish community due to antisemitism and the events of October 7th. 75,000

Jewish Funders Network
150 West 30th St 900
New York,NY10001 		  PC To support 2025 International Conference 30,000

Jewish Theological Seminary of America
3080 Broadway
New York,NY10027 		  PC For general operating support for the William Davidson Graduate School of Jewish Education 250,000

Momentum Unlimited Inc
6101 Executive Blvd 240
Rockville,MD20852 		  PC General operating support 1,000,000

Sixpoint Inc
1412 Broadway 21st Floor
New York,NY10018 		  PC General operating support 100,000

The Jewish People Policy Institute
Givat Ram Campus POB 39156
Jerusalem   9107101
IS 		  PC To support the William Davidson Distinguished Fellow and for general operating support 1,200,000

The Schechter Institutes Inc
Box 3566 PO Box 8500
Philadelphia,PA191783566 		  PC To support the TALI Education Fund, the Schechter Institute Graduate School of Jewish Studies, and for general operating support 1,250,000

Wexner Foundation
8000 Walton Pkwy 110
New Albany,OH430547073 		  PC To support the Wexner Davidson Fellowship, completion of Davidson Scholars program, and the alumni program for Davidson Scholars 2,225,000
Total ................................. right arrow 3b 10,630,000
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 1,165,535  
4 Dividends and interest from securities ....     14 2,645,924  
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 ............ 		901101 368,249 18 65,045,641  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aINCOME FROM PSHIP INV 		901101 1,776,135 1 8,763,524  
bFEDERAL EXCISE TAX REFUND     1 558,708  
cSTATE INCOME TAX REFUND     1 32,883  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 2,144,384 78,212,215 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
80,356,599
(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: 24020961
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
accounting and tax service FEES 154,458 4,658 0 149,800

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

TY 2024 DepreciationSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
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
LEASEHOLD IMPROVEMENTS   292,154 92,959 Straight Line Method   26,560      
FURNITURE   21,702 21,702 Straight Line Method   33,444      
HARDWARE   9,474 8,527 Straight Line Method   10,425      
SOFTWARE   5,700 1,900 Straight Line Method   1,900      
BUILDING & IMPROVEMENTS   66,040,935 0 Straight Line Method   212,350      

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TY 2024 ExpenditureResponsibilityStmt
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
WEXNER FOUNDATION
  		8000 WALTON PARKWAY SUITE 110
NEW ALBANY,OH43054 		2024-11-06 1,000,000 TO SUPPORT THE WEXNER DAVIDSON FELLOWSHIP, COMPLETION OF DAVIDSON SCHOLARS PROGRAM, AND THE ALUMNI PROGRAM FOR DAVIDSON SCHOLARS. 657,624 No 04/30/25 2025-04-30 TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON THE REPORTS FURNISHED BY THE GRANT RECIPIENT, NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
WEXNER FOUNDATION
  		8000 WALTON PARKWAY SUITE 110
NEW ALBANY,OH43054 		2023-02-16 900,000 TO SUPPORT THE NEW WEXNER DAVIDSON SCHOLARS PROGRAM, PROVIDED CONTINUED SUPPORT FOR DAVIDSON SCHOLARS CLASSES 32 AND 33, AND SUPPORT ALUMNI PROGRAMMING. 900,000 No 06/24/24 2024-06-24 TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON THE REPORTS FURNISHED BY THE GRANT RECIPIENT, NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
WEXNER FOUNDATION
  		8000 WALTON PARKWAY SUITE 110
NEW ALBANY,OH43054 		2022-07-14 1,410,900 TO SUPPORT CLASS 32 AND 33 OF THE WEXNER GRADUATE FELLOWSHIP/DAVIDSON SCHOLARS, THE DAVIDSON SCHOLARS CONVENING, AND CONTINUED SUPPORT FOR STATEGY EXPLORATION. 1,410,900 NO 05/23/23, 04/16/24 2024-04-16 TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON THE REPORTS FURNISHED BY THE GRANT RECIPIENT, NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.

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TY 2024 GainLossSaleOtherAssetsSch
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
Capital gain or (loss) per books         391,448,140 326,034,250     65,413,890  

TY 2024 InvestmentsGovtObligationsSch
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
US Government Securities - End of Year Book Value:

88,220,427
US Government Securities - End of Year Fair Market Value:

86,177,906
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FUND #0023 AT COST 501 492,228
FUND #0046 AT COST 2,405,655 5,006,846
FUND #0048 AT COST 458,074,469 647,039,593
FUND #0049 AT COST 3,604,412 72,382
FUND #0050 AT COST 205,551,350 302,465,420
FUND #0051 AT COST 219,326,919 370,396,946
FUND #0058 AT COST 35,567,000 49,195,348
FUND #0059 AT COST 4,143,874 4,427,311
FUND #0060 AT COST 30,663,281 35,155,987

TY 2024 LandEtcSchedule2
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
CONSTRUCTION IN PROGRESS 0 0 0 0
LAND 3,502,335 0 3,502,335 3,502,335
LEASEHOLD IMPROVEMENTS 292,155 98,996 193,159 193,159
ARTWORK 178,055 0 178,055 178,055
FURNITURE AND EQUIPMENT 1,891,198 137,960 1,753,238 1,753,238
HARDWARE 234,401 12,325 222,076 222,076
SOFTWARE 0 0 0 0
Building & Improvements 61,192,918 212,350 60,980,568 60,980,568


TY 2024 LegalFeesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 23,124 2,952 0 20,172


TY 2024 OtherExpensesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FURNITURE & EQUIPMENT 1,017,282 30,676 0 986,606
HARDWARE 440,416 13,281 0 427,135
LIABILITY INSURANCE 168,474 5,080 0 163,394
SOFTWARE 94,085 1,918 0 92,167
FACILITIES MAINTENANCE 61,936 1,868 0 60,068
OFFICE SUPPLIES 60,840 1,835 0 59,005
MEMBERSHIP DUES 54,290 424 0 53,866
PAYROLL & BENEFIT SERVICE fees 37,041 1,117 0 35,924
BANKING FEES 16,163 487 0 15,676
UTILITIES - COMMUNICATIONS 13,823 417 0 13,406
SUBSCRIPTIONS & BOOKS 9,271 280 0 8,991
TEAM BUILDING 3,876 117 0 3,759
POSTAGE & MAILING 2,214 67 0 2,147
BRANDING 300 0 0 300
MISCELLANEOUS EXPENSES 33,193 1,000 0 32,193


TY 2024 OtherIncomeSchedule2
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Subpart F income 0 24,244,615 0
Income from partnership investments 10,539,659 8,894,797 0
FEDERAL EXCISE TAX REFUND 558,708 0 0
STATE INCOME TAX REFUND 32,883 0 0


TY 2024 OtherIncreasesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Description Amount
OTHER CHANGE IN FUND BALANCE 29,507,365
BOOK TO TAX DIFFERENCES FROM PARTNERSHIP INVESTMENTS -296,356


TY 2024 OtherLiabilitiesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value
DEPOSIT LIABILITY 3,902 10,457


TY 2024 OtherProfessionalFeesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT CONSULTING FEES 4,424,460 4,424,460 0 0
Programmatic Consulting FEES 397,701 0 0 397,701
Communications & Website Consulting FEES 222,737 0 0 222,737
Technology Consulting FEES 127,464 3,843 0 123,621
Other Professional Fees 79,868 503 0 79,364
Human Recources Consulting FEES 54,281 1,637 0 52,644
Custody Fees 33,946 1,024 0 32,923
Grants Management FEES 7,250 0 0 7,250
security consulting 6,525 197 0 6,328
advisory fees 1,750 1,750 0 0


TY 2024 TaxesSchedule
Name:
William Davidson Foundation
EIN:
20-3899187
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES PAID 1,251,640 0 0 0