TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
CECELIA JOYCE AND SEWARD JOHNSON
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)CO CRM PO BOX 778
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10013

A Employer identification number

22-3048720

B Telephone number (see instructions)

(212) 485-5400

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$5,313,966J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	29		29
4	Dividends and interest from securities...	119,205		119,205
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		213,037
b	Gross sales price for all assets on line 6a 983,076
7	Capital gain net income (from Part IV, line 2)...			213,037
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	332,271		332,271
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	5,600	0	5,600
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	28,529	28,529	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	201	201	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	15,260	175	15,085
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	49,590		28,905	20,685
25	Contributions, gifts, grants paid.......	293,900			293,900
26	Total expenses and disbursements. Add lines 24 and 25	343,490		28,905	314,585
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-11,219
b	Net investment income (if negative, enter -0-)			303,366
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	3,498	5,012	5,012
	2	Savings and temporary cash investments.........	47,092	160,042	160,042
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,594,354	List of Attached Documents: // Content 1,637,191	2,357,472
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,184,401	List of Attached Documents: // Content 3,015,881	2,791,440
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,829,345	4,818,126	5,313,966
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	4,829,345	4,818,126
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	4,829,345	4,818,126
	30	Total liabilities and net assets/fund balances (see instructions).	4,829,345	4,818,126

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

4,829,345

Enter amount from Part I, line 27a .....................

-11,219

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

4,818,126

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

4,818,126

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
1 a	SALE OF PUBLICLY TRADED SECURITIES
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	957,745	770,039	187,706
b	25,331		25,331
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			187,706
b			25,331
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	213,037
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	4,217
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	4,217
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	4,217
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	9,852
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	9,852
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	5,635
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax5,635	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

CRM MANAGEMENT Telephone no. right arrow

(212) 485-5400

Located at right arrow

PO BOX 778NEW YORKNY ZIP+4 right arrow

100130778

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

Yes

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
JOYCE H JOHNSON	PRESIDENT AND SECRETARY 1.00	0	0	0
PO BOX 778 NEW YORK,NY10013	PRESIDENT AND SECRETARY 1.00	0	0	0
MICHAEL GREENLEAF	TRUSTEE 1.00	0	0	0
PO BOX 778 NEW YORK,NY10013	TRUSTEE 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

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
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,939,132

Average of monthly cash balances.......................

220,495

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

5,159,627

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

5,159,627

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

77,394

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

5,082,233

Minimum investment return. Enter 5% (0.05) of line 5................

254,112

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.)

Minimum investment return from Part IX, line 6..................

254,112

Tax on investment income for 2024 from Part V, line 5 .......

4,217

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

4,217

Distributable amount before adjustments. Subtract line 2c from line 1............

249,895

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

249,895

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

249,895

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

314,585

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

314,585

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					249,895
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......	33,542
b From 2020......	831,507
c From 2021......	98,048
d From 2022......	64,098
e From 2023......	163,808
f Total of lines 3a through e ........		1,191,003
4Qualifying distributions for 2024 from Part
XI, line 4: $ 314,585
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.....					249,895
e Remaining amount distributed out of corpus		64,690
5 Excess distributions carryover applied to 2024.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		1,255,693
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		33,542
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		1,222,151
10 Analysis of line 9:
a Excess from 2020....	831,507
b Excess from 2021....	98,048
c Excess from 2022....	64,098
d Excess from 2023....	163,808
e Excess from 2024....	64,690

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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 e-mail address of the person to whom applications should be addressed:

THE CECELIA JOYCE AND SEWARD JOHNSO
PO BOX 778
NEW YORK,NY10013
(212) 485-5400

bThe form in which applications should be submitted and information and materials they should include:

NO FORM SPECIFIED

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ARTISTS ASSOCIATION OF NANTUCKET 24 AMELIA DRIVE NANTUCKET,MA02554	N/A	PC	GENERAL OPERATING SUPPORT	7,500
ARTISTS ASSOCIATION OF NANTUCKET 24 AMELIA DRIVE NANTUCKET,MA02554	N/A	PC	GENERAL OPERATING SUPPORT	10,000
EUGENE O'NEILL THEATER CENTER 305 GREAT NECK RD WATERFORD,CT06385	N/A	PC	MONTE CRISTO AWARDS	21,500
FRACTURED ATLAS 228 PARK AVENUE SOUTH SUITE 56651 NEW YORK,NY100031502	N/A	PC	SCREEN PLAY SUPPORT	1,500
FRACTURED ATLAS 228 PARK AVENUE SOUTH SUITE 56651 NEW YORK,NY100031502	N/A	PC	GENERAL OPERATING SUPPORT	6,000
GEORGE STREET PLAYHOUSE PO BOX 194 NEW BRUNSWICK,NJ08903	N/A	PC	GENERAL OPERATING SUPPORT	10,000
GROUNDS FOR SCULPTURE 80 SCULPTORS WAY HAMILTON,NJ08619	N/A	PC	GENERAL OPERATING SUPPORT	50,000
KEY WEST LITERARY SOCIETY 624 WHITE STREET KEY WEST,FL33040	N/A	PC	ELIZABETH BISHOP HOUSE	8,000
KEY WEST LITERARY SOCIETY 624 WHITE STREET KEY WEST,FL33040	N/A	PC	ELIZABETH BISHOP HOUSE	25,000
KEY WEST PLAYERS 407 WALL STREET KEY WEST,FL33040	N/A	PC	WATERFRONT PLAYHOUSE	5,000
KINGDOM COUNTY PRODUCTIONS 949 SOMERS ROAD BARNET,VT05821	N/A	PC	GENERAL OPERATING SUPPORT	15,000
LAKE HARVEY ASSOCIATION 722 HARVEY MTN RD BARNET,VT05821	N/A	PC	GENERAL OPERATING SUPPORT	1,000
MCCARTER THEATRE CENTER 91 UNIVERSITY PLACE PRINCETON,NJ08540	N/A	PC	GENERAL OPERATING SUPPORT	5,000
NANTUCKET HISTORICAL SOCIETY PO BOX 1016 NANTUCKET,MA02554	N/A	PC	GENERAL OPERATING SUPPORT	10,000
OHU GIFT FOUNDATION 75 MURRAY ST NEW YORK,NY10007	N/A	PC	GENERAL OPERATING SUPPORT	10,000
SAKYONG POTRANG 2525 ARAPAHOE AVE UNIT E4 BOULDER,CO80302	N/A	PC	GENERAL OPERATING SUPPORT	12,000
SCREENWRITERS COLONY 129 MASPETH AVENUE BROOKLYN,NY11211	N/A	PC	GENERAL OPERATING SUPPORT	10,000
SHIPPENSBURG UNIVERSITY FOUNDATION 500 NEWBURG ROAD SHIPPENSBURG,PA17257	N/A	PC	ADA HORTON SCHOLARSHIP	25,000
THEATRE WORKSHOP OF NANTUCKET INC 53 MAIN STREET 2ND FLOOR NANTUCKET,MA02554	N/A	PC	BENEFIT TABLE	11,400
THEATRE WORKSHOP OF NANTUCKET INC 53 MAIN STREET 2ND FLOOR NANTUCKET,MA02554	N/A	PC	GENERAL OPERATING SUPPORT	30,000
TODD MERTZ CO SHINZEN YOUNG FOUNDATION 42 MANOR LN N YARDLEY,PA19067	N/A	PC	FBO TO SUPPORT THE MIND BOD POD WITH JEFF AND TASHA	5,000
TOWN OF BARNET C/O JOE BREIDENSTEIN PO BOX 34 BARNET,VT05821	N/A	PC	FLOOD RELIEF FUND	5,000
TYPE MEDIA CENTER 116 E 16TH STREET 8TH FLOOR NEW YORK,NY10003	N/A	PC	GENERAL OPERATING SUPPORT	10,000
Total ................................. 3a				293,900

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	29
4 Dividends and interest from securities ....			14	119,205
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	213,037
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		332,271	0

13Total. Add line 12, columns (b), (d), and (e)..................

332,271

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

CECELIA JOYCE AND SEWARD JOHNSON

FOUNDATION INC

EIN:

22-3048720

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEES	5,600	0		5,600

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

CECELIA JOYCE AND SEWARD JOHNSON

FOUNDATION INC

EIN:

22-3048720

Name of Stock	End of Year Book Value	End of Year Fair Market Value
112.000 SHARES OF AMER EXPRESS CO	26,847	33,240
117.000 SHARES OF CHUBB LTD CHF	19,885	32,327
123.000 SHARES OF MARSH & MCLENNAN COS INC	18,309	26,126
123.000 SHARES OF VISA INC CL A	23,567	38,873
125.000 SHARES OF META PLATFORMS INC CL A	37,531	73,189
13.000 SHARES OF O REILLY AUTOMOTIVE INC	8,011	15,415
135.000 SHARES OF HOME DEPOT INC	42,708	52,514
135.000 SHARES OF ORACLE CORP	22,941	22,496
139.000 SHARES OF ADVANCED MICRO DEVICES INC	13,566	16,790
145.000 SHARES OF UNION PACIFIC CORP	29,679	33,066
150.000 SHARES OF TEXAS INSTRUMENT	30,558	28,127
151.000 SHARES OF AUTOMATIC DATA PROCESSING	33,922	44,202
161.000 SHARES OF ABBVIE INC COM	23,188	28,610
162.000 SHARES OF ANALOG DEVICES INC	30,150	34,419
180.000 SHARES OF PROCTER & GAMBLE CO	24,862	30,177
196.000 SHARES OF BOSTON SCIENTIFIC CORP	7,832	17,507
20.000 SHARES OF KLA CORP	12,778	12,602
21.000 SHARES OF S&P GLOBAL	7,609	10,459
221.000 SHARES OF TJX COS INC NEW	12,725	26,699
23.000 SHARES OF AMERIPRISE FINANCIAL	3,675	12,246
23.000 SHARES OF THERMO FISHER SCIENTIFIC INC	12,105	11,965
238.000 SHARES OF JPMORGAN CHASE & CO	32,062	57,051
25.000 SHARES OF ASML HLDG NV SPON ADR	18,936	17,327
27.000 SHARES OF INTUIT	11,689	16,970
285.000 SHARES OF BROADCOM INC	33,823	66,074
295.000 SHARES OF ORACLE CORP	24,471	49,159
304.000 SHARES OF MORGAN STANLEY	26,807	38,220
312.000 SHARES OF CHIPOTLE MEXICAN GRILL INC	12,993	18,815
326.000 SHARES OF TAIWAN SEMICONDUCTOR MFG CO LTD ADR	31,680	64,383
33.000 SHARES OF UNITEDHEALTH GROUP INC	16,160	16,693
343.000 SHARES OF PROLOGIS INC	41,712	36,255
351.000 SHARES OF MICROSOFT CORP	83,145	147,947
36.000 SHARES OF EATON CORP	13,531	11,947
361.000 SHARES OF MICROSOFT CORP	86,677	152,162
367.000 SHARES OF TJX COS	38,736	44,337
37.000 SHARES OF ADOBE INC	20,720	16,453
377.000 SHARES OF ABBOTT LABS	39,630	42,642
384.000 SHARES OF APPLE INC	53,115	96,161
40.000 SHARES OF INTUITIVE SURGICAL INC	10,706	20,878
43.000 SHARES OF BLACKROCK INC	29,922	44,080
464.000 SHARES OF AMAZON COM INC	74,834	101,797
466.000 SHARES OF BROADCOM	37,008	108,037
478.000 SHARES OF ALPHABET INC CL A	36,689	60,765
49.000 SHARES OF LILLY ELI & CO	17,112	37,828
500.000 SHARES OF NEXTERA ENERGY INC COM	36,174	35,845
51.000 SHARES OF SHERWIN WILLIAMS CO	12,658	17,336
55.000 SHARES OF UNION PACIFIC CORP	12,289	12,542
559.000 SHARES OF COCA COLA CO INC	27,940	34,803
59.000 SHARES OF MASTERCARD INC CL A	23,963	31,068
61.000 SHARES OF REPUBLIC SERVICES INC	5,463	12,272
67.000 SHARES OF TRANE TECHNOLOGIES PLC	15,795	24,746
71.000 SHARES OF LINDE PLC EUR	21,252	29,726
71.000 SHARES OF SALESFORCE COM INC	14,441	23,737
74.000 SHARES OF AMERICAN TOWER CORP REIT	16,915	13,572
766.000 SHARES OF NVIDIA CORP	85,452	102,866
84.000 SHARES OF ACCENTURE PLC IRELAND A	24,931	29,550
85.000 SHARES OF PROGRESSIVE CORP OHIO	18,855	20,367
90.000 SHARES OF UNITEDHEALTH GROUP	43,448	45,527
94.000 SHARES OF PALO ALTO NETWORKS INC	10,563	17,104
97.000 SHARES OF ABBOTT LABS	10,244	10,972
98.000 SHARES OF MCDONALDS CORP	22,202	28,409

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

CECELIA JOYCE AND SEWARD JOHNSON

FOUNDATION INC

EIN:

22-3048720

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
1,443.000 SHARES OF VANGUARD SMALL-CAP ETF	AT COST	228,652	346,724
1,736.000 SHARES OF VANGUARD MID-CAP ETF	AT COST	309,433	458,530
13,965.185 SHARES OF ACAP STRATEGIC FUND	AT COST	361,447	321,618
14,122.233 SHARES OF FIRST EAGLE OVERSEAS FUND CLASS I	AT COST	335,941	345,571
2,168.944 SHARES OF VANGUARD INTERNATIONAL GROWTH FUND ADMIRAL	AT COST	288,957	220,300
2,877.000 SHARES OF ISHARES 20+ YEAR TREAS BOND	AT COST	462,344	251,248
47,878.488 SHARES OF VANGUARD CORE BOND FUND CLASS ADMIRAL	AT COST	1,029,107	847,449

- TIN:

TY 2024 OtherExpensesSchedule

Name:

CECELIA JOYCE AND SEWARD JOHNSON

FOUNDATION INC

EIN:

22-3048720

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
FILING FEES	85	0	85
BANK FEES	175	175	0
CHARITABLE MEMBERSHIP DUES	15,000	0	15,000

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

CECELIA JOYCE AND SEWARD JOHNSON

FOUNDATION INC

EIN:

22-3048720

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	28,529	28,529		0

- TIN:

TY 2024 TaxesSchedule

Name:

CECELIA JOYCE AND SEWARD JOHNSON

FOUNDATION INC

EIN:

22-3048720

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD	201	201		0