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
SHERMAN FAIRCHILD FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)5454 WISCONSIN AVENUE STE 1205
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHEVY CHASE, MD20815
A Employer identification number

13-1951698
B Telephone number (see instructions)

(301) 913-5990
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$1,092,089,078J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,891,739 3,891,739 0
4 Dividends and interest from securities... 2,931,823 2,931,823 0
5a Gross rents............      
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
9,548,023
b Gross sales price for all assets on line 6a 50,167,559
7 Capital gain net income (from Part IV, line 2)... 33,982,485
8 Net short-term capital gain.........  
9 Income modifications...........  
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
52,390,686 27,539,290 0
12 Total. Add lines 1 through 11........ 68,762,271 68,345,337 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,985,800 814,178 0 1,171,622
14 Other employee salaries and wages...... 337,730 138,469 0 199,261
15 Pension plans, employee benefits....... 441,809 181,142 0 260,667
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
80,950 33,190 0 47,761
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
176,916 70,808 0 106,108
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,980,782 2,444,663 0 536,119
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
89,792 37,347 0 52,445
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
64,059 64,059 0
20 Occupancy.............. 193,823 77,529 0 116,294
21 Travel, conferences, and meetings....... 183,694 73,478 0 110,216
22 Printing and publications.......... 2,462 985 0 1,477
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
283,166 116,098 0 167,068
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,820,983 4,051,946 0 2,769,038
25 Contributions, gifts, grants paid....... 48,329,343 48,329,343
26 Total expenses and disbursements. Add lines 24 and 25 55,150,326 4,051,946 0 51,098,381
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 13,611,945
b Net investment income (if negative, enter -0-) 64,293,391
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 98,098,385 79,551,139 79,551,139
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
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..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 81,279,729 Click to see attachment
List of Attached Documents:
// Content
97,987,328 		109,022,408
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.............      
13 Investments—other (attach schedule).......... 494,083,667 Click to see attachment
List of Attached Documents:
// Content
509,637,855 		901,092,398
14 Land, buildings, and equipment: basis right arrow509,920
Less: accumulated depreciation (attach schedule) right arrow353,841 190,481 Click to see attachment
List of Attached Documents:
// Content
156,079 		156,079
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,359,525 		Click to see attachment
List of Attached Documents:
// Content
2,267,054 		Click to see attachment
List of Attached Documents:
// Content
2,267,054
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 676,011,787 689,599,455 1,092,089,078
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
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
2,413,818 		Click to see attachment
List of Attached Documents:
// Content
2,427,329
23 Total liabilities (add lines 17 through 22)......... 2,413,818 2,427,329
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........... 673,597,969 687,172,126
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 673,597,969 687,172,126
30 Total liabilities and net assets/fund balances (see instructions). 676,011,787 689,599,455
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
673,597,969
2
Enter amount from Part I, line 27a .....................
2
13,611,945
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
687,209,914
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
37,788
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
687,172,126
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 T Rowe Price - LT P    
b Vanguard - ST P    
c Vanguard - LT P    
d Total Short Term Gain from Partnership P    
e Total Long Term Gain from Partnership P    
Securities, Net Holdings Gains 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 15,241,086   16,185,074 -943,988
b 16,633     16,633
c 321,776     321,776
d 214,651     214,651
e 24,219,811     24,219,811
10,153,602     10,153,602
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 -943,988
b     0 16,633
c     0 321,776
d     0 214,651
e     0 24,219,811
    0 10,153,602
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 33,982,485
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) 1 893,678
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........................... 3 893,678
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- ..... 5 893,678
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 2,447,821
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 2,447,821
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 1,554,143
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow1,554,143 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$   (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 arrow
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowJeff Himmelman Telephone no.right arrow (301) 913-5990

Located atright arrow5454 WISCONSIN AVE 1205CHEVY CHASEMD ZIP+4right arrow20815
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
Bonnie Himmelman PRESIDENT/DIRECTOR
40.00 		530,400 97,533  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Jeff Himmelman VP/ Secretary/ DIRECTOR
40.00 		375,000 112,432  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Bruce Dresner DIRECTOR
5.00 		51,000 0  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Carol Folt DIRECTOR
2.00 		31,000 0  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Dale Knobel CHAIRMAN/DIRECTOR
2.00 		57,000 0  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Dorothy Kosinski DIRECTOR
2.00 		35,000 0  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Russel Granet DIRECTOR
2.00 		35,000 0  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Will McLean DIRECTOR
5.00 		55,000 0  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Julie McLean TREASURER
40.00 		260,000 53,218  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Walter Burke III CHIEF INVEST. OFFICER/DIRECTOR
40.00 		478,400 85,095  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Patrick Burke DIRECTOR
5.00 		47,000 0  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Jonelle Procope DIRECTOR
2.00 		31,000 0  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
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
Heather Barry STAFF
40.00 		175,000 44,112  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Pat Wallies STAFF
40.00 		132,000 43,824  
5454 WISCONSIN AVENUE
STE 1205
CHEVY CHASE,MD20815
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
BDO USALLP AUDIT & TAX SERVICES 172,760
8401 GREENSBORO DRIVE SUITE 800
MCLEAN,VA22102
BARBARA BELTZ GRANTS CONSULTANT 106,200
5454 WISCONSIN AVENUE 1205
CHEVY CHASE,MD20815
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
104,821,787
b
Average of monthly cash balances.......................
1b
20,307,435
c
Fair market value of all other assets (see instructions)................
1c
905,293,019
d
Total (add lines 1a, b, and c).........................
1d
1,030,422,241
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
1,030,422,241
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
15,456,334
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,014,965,907
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
50,748,295
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
50,748,295
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
893,678
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
893,678
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
49,854,617
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
49,854,617
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
49,854,617
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
51,098,381
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
51,098,381
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 49,854,617
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 51,098,381
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 49,854,617
e Remaining amount distributed out of corpus 1,243,764
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 1,243,764
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,243,764
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.... 1,243,764
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

Allegheny College

520 North Main Street
Meadville,PA16335 		NONE PC Summer Stipend Program 99,975

Apex for Youth

195 Chrystie St 200
New York,NY10002 		NONE PC General Support 15,000

The Apollo Theater Foundation Inc

253 West 125th St
New York,NY10027 		NONE PC Multi-Year Program Support 1,000,000

Bank Street College of Education

610 W 112th Street
New York,NY10025 		NONE PC Bank Street Graduate School 25,000

Bard College

PO Box 5000
AnnandaleonHudson,NY12504 		NONE PC Two Micro College Endowed Chairs 5,000,000

Bates College

2 Andrews Rd
Lewiston,ME04240 		NONE PC A&T Phase VI 44,800

Beloit College

700 College St
Beloit,WI53511 		NONE PC A&T Phase VI 93,074

Berea College

CPO 2216 101 Chestnut Street
Berea,KY40404 		NONE PC Summer Stipend Program 40,956

Blackstar Organization

207 W 92nd St
Los Angeles,CA90003 		NONE PC LA Youth Soccer 25,000

The Boys' Club of New York Inc

91 Fifth Ave 7th Floor
New York,NY10003 		NONE PC General Support 500,000

Brooklyn Rail Inc

253 36th St Suite C304/Unit 20
Brooklyn,NY11232 		NONE PC General Support 50,000

The Brotherhood Siser Sol Inc

512 West 143rd St
New York,NY10003 		NONE PC Afterschool Program 25,000

Children's Hospital Foundation

1 Inventa Pl 6th Floor West
Silver Spring,MD20910 		NONE PC Youth Violence Intervention Program 35,000

The Chrysler Museum Inc

1 Memorial Pl
Norfolk,VA23510 		NONE PC Museum Conservation Program 125,000

Clark University

950 Main St
Worcester,MA01610 		NONE PC Arts & Technology Program 193,602

College for Creative Studies

201 East Kirby
Detroit,MI48202 		NONE PC Arts & Technology Program 167,715

Conspraire Inc

1812 Centre Creek Dr Suite 110
Austin,TX78754 		NONE PC Considering Matthew Shepard 25,000

Cornell College

600 First St SW
Mt Vernon,IA52314 		NONE PC SEP Phase XVI 83,250

Corporation of the Fine Arts Museums

50 Hagiwara Tean Garden Dr
San Francisco,CA94119 		NONE PC General Support 1,500,000

Danbury Hospital & New Milford Hospital Found

24 Hospital Ave
Danbury,CT06810 		NONE PC Western CT Home Care 50,000

Denison University

100 West College St
Granville,OH43023 		NONE PC Dale & Tina Knobel Scholarship Fund 25,000

Equal Justice Initiative

122 Commerce St
Montgomery,AL36104 		NONE PC General Support 2,000,000

Fathers Support Center St Louis

1601 Olive St
St Louis,MO63101 		NONE PC Support for children 50,000

Friends of Catherine and Channel Lakes

3216 N Hoyne Ave
Chicago,IL60618 		NONE PC Reduce Eurasian Water Milfoil 50,000

Friends of Montgomery Count Animals Inc

PO Box 386
Germantown,MD20875 		NONE PC Cat Welfare 25,000

Gateway Community Development Corp

4102 Webster St
N Brentwood,MD20722 		NONE PC Studio Lab 25,000

George Washington University

2600 Virginia Ave NW Suite 300
Washington,DC20037 		NONE PC U-World USMLE-2 15,000

George Washington U Museum & Textile Museum

701 21st St NW
Washington,DC20052 		NONE PC Centennial Year Support 15,000

Grey Bull Rescue Foundation Corp

7028 W Waters Ave Suite 364
Tampa,FL33634 		NONE PC Rescue from Warzones & Natural Dis. 50,000

Gustavus Adophus College

800 W College Ave
Saint Peter,MN55104 		NONE PC Summer Stipend Program 97,248

Hamline University

1536 Hewitt Ave
St Paul,MN55104 		NONE PC Arts & Technology Program 166,980

Harlem Lacrosse & Leadership Corp

8 W 126th St 3rd Floor
New York,NY10027 		NONE PC Summer Day Camp 25,000

Harlem School of the Arts Inc

645 St Nicholas Ave
New York,NY10030 		NONE PC Empowering Youth through Arts 25,000

Henry Gallery Association Inc

U of WA Box 351410
Seattle,WA98195 		NONE PC Museum Conservation Program 125,000

Homeless Children's Playtime Project

1525 Newton St NW
Washington,DC20010 		NONE PC General Support 40,000

Irwin A and Robert D Goodman Community Ctr Inc

214 Waubesa St
Madison,WI53704 		NONE PC Strengthen lives and secure futures 50,000

Its a She Thing Inc

341 10th St 9G
Brooklyn,NY11215 		NONE PC Empowerment Project 20,000

Juniata College

1700 Monroe St
Huntingdon,PA16652 		NONE PC SEP Phase XVI 125,000

Lafayette College

307 Markle Hall 730 High Street
Easton,PA18042 		NONE PC A&T Phase VI 64,700

LaGuardia Community College

31-10 Thomson Ave E509
Long Island City,NY11101 		NONE PC SEP Phase XVI 124,894

Laguardia High School Parents Association

100 Amsterdam Ave
New York,NY10023 		NONE PC Drama Studio 50,000

Lake Forest College

555 N Sheridan Rd
Lake Forest,IL60045 		NONE PC Summer Stipend Program 99,990

Lawyers for Children

110 Lafayette St 8th Floor
New York,NY10013 		NONE PC General Support 15,000

Lewis and Clark College

615 S Palatine Hill Rd
Portland,OR97219 		NONE PC A&T Phase VI 122,839

Living Grace Canine Ranch

723 W University Ave Suite 110
Georgetown,TX78626 		NONE PC Outdoor Improvements 25,000

Medgar Evers Educational Foundation Inc

1650 Bedford Ave
Brooklyn,NY11225 		NONE PC SEP Phase XVI 94,000

The Metropolitan Museum of Art

1000 Fifth Ave
New York,NY10028 		NONE PC Discretionary Support 250,000

Mujeres Unidas En Justicia Ed Y Reforma Inc

1600 NW 1600 Ct Bldg B
Florida City,FL33034 		NONE PC Domestic Violence & Sexual Assault Ctr. 50,000

Museo De Arte DE Puerto Rico Inc

PO Box 41209
San Juan,PR00940 		NONE PC Museum Conservation Program 125,000

National Black Theatre Workshop Inc

213 W 137th St
New York,NY10030 		NONE PC 57th Season 25,000

The New 42nd Street Inc

229 W 42nd St 10th Floor
New York,NY10036 		NONE PC General Support FY24-27 5,750,000

Northwestern University

633 Clark St
Evanston,IL60208 		NONE PC Cryoelectron Microscopy Advancement 7,500,000

NXTHVN

169 Henry St
New Haven,CT06511 		NONE PC Arts, Entrepreneurship and Community 750,000

Oakland Museum of California

1000 Oak St
Oakland,CA94607 		NONE PC Museum Conservation Program 125,000

The Phillips Collection

1600 21st St NW
Washington,DC20009 		NONE PC Gallery 103 revamp 20,000

Portland Art Museum

1219 SW Park Ave
Portland,OR97205 		NONE PC Museum Conservation Program 80,847

Project Hood Communities

6620 S King Dr
Chicago,IL60637 		NONE PC General Support 40,000

Purchase College Foundation

735 Anderson Hill Rd
Purchase,NY10577 		NONE PC Arts & Technology Program 206,285

Quantum House Inc

987 45th St
Mangonia Park,FL33407 		NONE PC Washer/Dryer replacement 50,000

Queens College Foundation Inc

65-30 Kissena Blvd
Flushing,NY11367 		NONE PC Summer Stipend Program 100,000

Ransom Everglades School Inc

3575 Main Hwy
Miami,FL33133 		NONE PC Financial Aid 25,000

Richmond Ballet

407 E Canal St
Richmond,VA23219 		NONE PC General Support 30,000

Rollins College

1000 Holt Ave
Winter Park,FL32789 		NONE PC SEP Phase XVI 122,600

Round House Theatre

4545 East-West Hwy
Bethesda,MD20814 		NONE PC General Support 25,000

The Salvation Army of Greater Cleveland

2507 E 22nd St
Cleveland,OH44115 		NONE PC Emergency Services 300,000

The Salvation Army of Greater New York Division

120 W 14th St
New York,NY10011 		NONE PC Emergency Services 300,000

The Salvation Army of Greater New York Division

120 W 14th St
New York,NY10011 		NONE PC General Support 700,000

The Salvation Army Miami

1907 NW 38th St
Miami,FL33142 		NONE PC Emergency Services 300,000

The Salvation Army Mass Division

25 Shawmut Rd
Canton,MA02021 		NONE PC Emergency Services 300,000

The Salvation Army North & Central Ill Division

5040 N Pulaski Rd
Chicago,IL60630 		NONE PC Emergency Services 300,000

The Salvation Army National Capital Area Command

2300 Martin Luther King Jr Ave
Washington,DC20020 		NONE PC Emergency Services 300,000

Share Our Strength

1035 15th St NW Suite 1100W
Washington,DC20005 		NONE PC No Kid Hungry 25,000

St Ann's Episcopal Church

PO Box 44
Kennebunkport,ME04046 		NONE PC Seawall construction 50,000

St John's Church Norwood Parish

6701 Wisconsin Ave
Chevy Chase,MD20815 		NONE PC General Support 25,000

Shelburne Museum Inc

PO Box 10
Shelburne,VT05482 		NONE PC Museum Conservation Program 125,000

Shepherd University Foundation Inc

101 E German St
Shepherstown,WV25443 		NONE PC Arts & Technology Program 204,128

Soar 365

3600 Saunders Ave
Richmond,VA23219 		NONE PC Life Fulfilling Opportunites for Disabled 30,000

Swim with Mike Foundation

PO Box 51000
Pasadena,CA91115 		NONE PC Physically challenged athletic scholarships 25,000

Susquehanna University

514 University Ave
Selinsgrove,PA17870 		NONE PC Summer Stipend Program 97,460

Union Theological Seminary

3041 Broadway
New York,NY10027 		NONE PC Burke Library Renovations 10,000,000

University of Portland

5000 N Willamette Blvd
Portland,OR97203 		NONE PC Summer Stipend Program 99,000

University of Southern California

3551 Trousdale Pkwy Suite 110
Los Angeles,CA90089 		NONE PC Kid Watch Program 25,000

USA Hockey Foundation

1775 Bob Johnson Dr
Colorado Springs,CO80906 		NONE PC DEI Program 25,000

Yale Divinity School

195 Church St 11th Floor
New Haven,CT06510 		NONE PC Living Village Residential Complex 2,000,000

Willamette University

900 State St
Salem,OR97301 		NONE PC SEP Phase XVI 125,000

Woolly Mammoth Theatre Co

641 D St NW
Washington,DC20004 		NONE PC General Support 50,000

Worcester Art Museum

55 Salisbury St
Worcester,MA01609 		NONE PC Conservation and Collections Care 5,000,000

Williamson County Childrens Advocacy Center Inc

1811 SE Inner Loop
Georgetown,TX78626 		NONE PC WCCAC Website overhaul 25,000
Total .................................right arrow 3a 48,329,343
bApproved for future payment

Allegheny College
520 North Main Street
Meadville,PA16335 		NONE PC Summer Stipend Program 199,950

Bates College
2 Andrews Rd
Lewiston,ME04240 		NONE PC A&T Phase VI 111,000

Beloit College
700 College St
Beloit,WI53511 		NONE PC A&T Phase VI 93,074

Berea College
CPO 2216 101 Chestnut Street
Berea,KY40404 		NONE PC Summer Stipend Program 162,320

The Boys' Club of New York Inc
91 Fifth Ave 7th Floor
New York,NY10003 		NONE PC General Support 1,000,000

The Chrysler Museum Inc
1 Memorial Pl
Norfolk,VA23510 		NONE PC Museum Conservation Program 375,000

Clark University
950 Main St
Worcester,MA01610 		NONE PC Arts & Technology Program 306,398

College for Creative Studies
201 East Kirby
Detroit,MI48202 		NONE PC Arts & Technology Program 332,285

Cornell College
600 First St SW
Mt Vernon,IA52314 		NONE PC SEP Phase XVI 293,250

Corporation of the Fine Arts Museums
50 Hagiwara Tean Garden Dr
San Francisco,CA94119 		NONE PC General Support 3,250,000

Equal Justice Initiative
122 Commerce St
Montgomery,AL36104 		NONE PC General Support 6,000,000

Gustavus Adophus College
800 W College Ave
Saint Peter,MN45082 		NONE PC Summer Stipend Program 202,178

Hamline University
1536 Hewitt Ave
St Paul,MN55104 		NONE PC Arts & Technology Program 331,140

Henry Gallery Association Inc
U of WA Box 351410
Seattle,WA98195 		NONE PC Museum Conservation Program 375,000

Juniata College
1700 Monroe St
Huntingdon,PA16652 		NONE PC SEP Phase XVI 250,000

Lafayette College
307 Markle Hall 730 High Street
Easton,PA18042 		NONE PC A&T Phase VI 57,582

LaGuardia Community College
31-10 Thomson Ave E509
Long Island City,NY11101 		NONE PC SEP Phase XVI 249,512

Lake Forest College
555 N Sheridan Rd
Lake Forest,IL60045 		NONE PC Summer Stipend Program 199,980

Lewis and Clark College
615 S Palatine Hill Rd
Portland,OR97219 		NONE PC A&T Phase VI 85,837

Medgar Evers Educational Foundation Inc
1650 Bedford Ave
Brooklyn,NY11225 		NONE PC SEP Phase XVI 311,000

Museo De Arte DE Puerto Rico Inc
PO Box 41209
San Juan,PR00940 		NONE PC Museum Conservation Program 375,000

The New 42nd Street Inc
229 W 42nd St 10th Floor
New York,NY10036 		NONE PC General Support FY24-27 2,250,000

NXTHVN
169 Henry St
New Haven,CT06511 		NONE PC Arts, Entrepreneurship and Community 1,500,000

Oakland Museum of California
1000 Oak St
Oakland,CA94607 		NONE PC Museum Conservation Program 375,000

Partnership Schools
1011 First Ave Suite 1800
New York,NY10022 		NONE PC General Support/Establish Fellowship 3,000,000

Purchase College Foundation
735 Anderson Hill Rd
Purchase,NY10577 		NONE PC Arts & Technology Program 293,715

Queens College Foundation Inc
65-30 Kissena Blvd
Flushing,NY11367 		NONE PC Summer Stipend Program 200,000

Rollins College
1000 Holt Ave
Winter Park,FL32789 		NONE PC SEP Phase XVI 241,400

Shelburne Museum Inc
PO Box 10
Shelburne,VT05482 		NONE PC Museum Conservation Program 375,000

Shepherd University Foundation Inc
101 E German St
Shepherstown,WV25443 		NONE PC Arts & Technology Program 295,872

Susquehanna University
514 University Ave
Selinsgrove,PA17870 		NONE PC Summer Stipend Program 202,291

University of Portland
5000 N Willamette Blvd
Portland,OR97203 		NONE PC Summer Stipend Program 197,200

Willamette University
900 State St
Salem,OR97301 		NONE PC SEP Phase XVI 249,500

Worcester Art Museum
55 Salisbury St
Worcester,MA01609 		NONE PC Conservation and Collections Care 5,000,000
Total ................................. right arrow 3b 28,740,484
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 3,891,739 0
4 Dividends and interest from securities ....     14 2,931,823  
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 ..... 525990   14 52,390,686  
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990   18 9,548,023  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 68,762,271 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
68,762,271
(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:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Audit and Tax Preparation 172,760 69,104   103,656
401K Administration 4,156 1,704   2,452

TY 2024 ContractorCompensationExpln
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Contractor Explanation
BDO USALLP AUDIT AND TAX SERVICES
BARBARA BELTZ GRANTS CONSULTANT

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TY 2024 DepreciationSchedule
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
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
Depreciation   0 0   0.0 64,059 64,059 0  

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Statement:
A COPY OF FORM 990PF HAS NOT BEEN FILED WITH MARYLAND. MARYLAND ONLY REQUIRES THE 990PF BE FILED WHEN THE ORGANIZATION IS FUNDRAISING IN THE STATE.

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TY 2024 GainLossSaleOtherAssetsSch
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
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
T Rowe Price - LT   P     15,241,086 16,185,074     -943,988  
Vanguard - ST         16,633       16,633  
Vanguard - ST         321,776       321,776  
Securities, Net Holdings Gains         10,153,602       10,153,602  

TY 2024 InvestmentsCorpStockSchedule
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
RUBRIK INC-A 2,022,519 1,877,858
META PLATFORMS INC-CLASS A 39,720 1,171,020
SERVICENOW INC 37,310 1,060,120
TRANSDIGM GROUP INC 457,714 884,561
MAPLEBEAR INC 525,278 621,300
SAMSARA INC-CL A 200,800 436,900
NU HOLDINGS LTD/CAYMAN ISL-A 208,650 155,400
CROWDSTRIKE HOLDINGS INC - A 92,746 87,593
VANGUARD RUSSELL 1000 5,996,270 7,805,525
VANGUARD RUSSELL 2000 4,998,643 6,294,439
Vanguard Institutional Index Fund 16,151,081 32,209,015
PIMCO TOTAL RETURN INST 67,256,597 56,418,677

TY 2024 InvestmentsOtherSchedule2
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
See Attached FMV 509,637,855 901,092,398

TY 2024 LandEtcSchedule2
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land, Building and Equipment 509,920 353,841 156,079 156,079


TY 2024 LegalFeesSchedule
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 80,950 33,190   47,761


TY 2024 OtherAssetsSchedule
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Other Assets 2,359,525 2,267,054 2,267,054


TY 2024 OtherDecreasesSchedule
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Description Amount
UNREALIZED LOSSES 37,788


TY 2024 OtherExpensesSchedule
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Telephone 5,676 2,327 0 3,349
Insurance 58,646 24,045 0 34,601
Computer Expense 170,840 70,044 0 100,796
Postage/Copying 11,088 4,546 0 6,542
Other Expense 36,916 15,136 0 21,780


TY 2024 OtherIncomeSchedule2
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Partnership Income 52,384,643 27,533,247  
Other Income 6,043 6,043  


TY 2024 OtherLiabilitiesSchedule
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value
Right of Use 2,413,818 2,427,329


TY 2024 OtherProfessionalFeesSchedule
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Advisory Fees 2,435,028 2,435,028 0 0
Consulting Fees 23,500 9,635 0 13,865
Grant Consultants 522,254 0 0 522,254


TY 2024 TaxesSchedule
Name:
SHERMAN FAIRCHILD FOUNDATION INC
EIN:
13-1951698
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Payroll Taxes 88,889 36,444   52,445
Filing Fees 903 903