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
HARRY A AND MARGARET D TOWSLEY
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)924 N MAIN ST STE 1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ANN ARBOR, MI48104
A Employer identification number

38-6091798
B Telephone number (see instructions)

(734) 660-2170
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$76,940,306J 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 178,069 178,069  
4 Dividends and interest from securities... 1,743,400 1,743,400  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,221,353
b Gross sales price for all assets on line 6a 12,801,393
7 Capital gain net income (from Part IV, line 2)... 5,204,482
8 Net short-term capital gain.........  
9 Income modifications........... 200,000
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........ 7,142,822 7,125,951 200,000
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 129,500 12,500   117,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,000     3,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
93,957 87,507   6,450
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
74,091 744   4,347
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 10,996     10,996
21 Travel, conferences, and meetings....... 5,848     5,848
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
36,791     36,791
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 354,183 100,751   184,432
25 Contributions, gifts, grants paid....... 3,619,754 3,619,754
26 Total expenses and disbursements. Add lines 24 and 25 3,973,937 100,751   3,804,186
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,168,885
b Net investment income (if negative, enter -0-) 7,025,200
c Adjusted net income (if negative, enter -0-)... 200,000
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............. 330,016 122,239 122,239
2 Savings and temporary cash investments......... 7,359,114 7,977,998 7,977,998
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 4,504,586 Click to see attachment
List of Attached Documents:
// Content
6,006,007 		6,163,911
b Investments—corporate stock (attach schedule)....... 33,319,424 Click to see attachment
List of Attached Documents:
// Content
34,774,534 		62,669,569
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,342 		Click to see attachment
List of Attached Documents:
// Content
6,589 		Click to see attachment
List of Attached Documents:
// Content
6,589
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 45,518,482 48,887,367 76,940,306
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 27,880,429 27,880,429
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 17,638,053 21,006,938
29 Total net assets or fund balances (see instructions)..... 45,518,482 48,887,367
30 Total liabilities and net assets/fund balances (see instructions). 45,518,482 48,887,367
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
45,518,482
2
Enter amount from Part I, line 27a .....................
2
3,168,885
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
200,000
4
Add lines 1, 2, and 3 ..........................
4
48,887,367
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
48,887,367
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 CHARLES SCHWAB SECURITIES P    
b VANGUARD MUTUAL FUNDS P    
c 10,000 SHS DUPONT D   2024-03-25
d 10,000 SHS DUPONT D   2024-05-29
e 10,000 SHS DUPONT D   2024-09-30
(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 7,257,147   5,917,477 1,339,670
b 3,086,905   1,547,254 1,539,651
c 749,803   38,437 711,366
d 810,777   38,437 772,340
e 896,761   38,435 858,326
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       1,339,670
b       1,539,651
c 44,060 38,437 5,623 705,743
d 44,060 38,437 5,623 766,717
e 44,060 38,435 5,625 852,701
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 5,204,482
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 2,879,321
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 97,650
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 97,650
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 97,650
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 74,676
b Exempt foreign organizations—tax withheld at source...... 6b  
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 74,676
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 22,974
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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 arrowMI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowTOWSLEYFOUNDATION.ORG
14
The books are in care ofright arrowBRENDA SHELLENBERGER Telephone no.right arrow (734) 660-2170

Located atright arrow924 N MAIN ST STE 1ANN ARBORMI ZIP+4right arrow48104
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
JUDITH D RUMELHART FORMER VP
1.00 		2,500 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
JENNIFER POTEAT TRUSTEE
1.00 		3,500 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
DAVID WINSTON INGLISH PRESIDENT
5.00 		4,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
DOUGLAS INGLISH TRUSTEE
1.00 		2,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
TINA S VAN DAM TRUSTEE
2.00 		11,500 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
C WENDELL DUNBAR SECRETARY
5.00 		3,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
LYNN T WHITE CHAIRPERSON
1.00 		0 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
HEATHER KOCH TRUSTEE
1.00 		4,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
STEPHANIE SCHEETS TRUSTEE
1.00 		4,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
SARAH THOMPSON TRUSTEE
1.00 		2,500 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
BRENDA SHELLENBERGER TREASURER
15.00 		52,500 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
ANNE COOPER FDN MANAGER
10.00 		40,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
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...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
70,552,748
b
Average of monthly cash balances.......................
1b
7,975,061
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
78,527,809
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
78,527,809
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,177,917
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
77,349,892
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,867,495
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
3,867,495
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
97,650
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
97,650
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,769,845
4
Recoveries of amounts treated as qualifying distributions................
4
200,000
5
Add lines 3 and 4............................
5
3,969,845
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
3,969,845
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
3,804,186
b
Program-related investments—total from Part VIII-B..................
1b
 
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
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,804,186
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 3,969,845
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 3,310,787
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,804,186
a Applied to 2023, but not more than line 2a 3,310,787
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 493,399
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		3,476,446
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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 e-mail address of the person to whom applications should be addressed:
ANNE COOPER
924 N MAIN ST SUITE 1
ANN ARBOR,MI48104
(734) 660-2170
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS ARE SUBMITTED THROUGH THE FOUNDATION'S WEBSITE, TOWSLEYFOUNDATION.ORG. ALL INFORMATION REQUIRED FOR THE SUBMITTAL IS AVAILABLE THERE. GRANTS ARE NOT MADE TO INSTITUTIONS WHICH UNFAIRLY DISCRIMINATE IN POLICY OR PRACTICE BASED ON AGE, RACE, COLOR, CREED OR SEX.
cAny submission deadlines:
DEADLINES FOR CONSIDERATION AT EACH BOARD MEETING ARE POSTED ON THE FOUNDATION'S WEBSITE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
1. THE FOUNDATION DOES NOT MAKE DIRECT GRANTS TO INDIVIDUALS, PROVIDE LOAN FUNDS, OR MAKE GRANTS TO STUDENTS FOR SCHOLARSHIPS. 2. THE FOUNDATION DOES NOT MAKE GRANTS FOR TRAVEL AND CONFERENCES.
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

ADRIAN COLLEGE

110 S MADISON ST
ADRIAN,MI49221 		NONE PC PROGRAM SUPPORT 1,020

AIDSLIFECYCLE

DEPT 9383
LOS ANGELES,CA90084 		NONE PC PROGRAM SUPPORT 15,000

ALPHA HOUSE

4290 JACKSON RD
ANN ARBOR,MI48103 		NONE PC PROGRAM SUPPORT 2,500

AMERICAN BIRD CONSERVANCY

PO BOX 249
THE PLAINS,VA20198 		NONE PC PROGRAM SUPPORT 116,235

ANN ARBOR SYMPHONY ORCHESTRA

35 RESEARCH DR
ANN ARBOR,MI48103 		NONE PC PROGRAM SUPPORT 25,000

ARBOR HOSPICE FOUNDATION

2366 OAK VALLEY DR
ANN ARBOR,MI48103 		NONE PC PROGRAM SUPPORT 30,000

AVALON HOUSING

1327 JONES DR
ANN ARBOR,MI48105 		NONE PC PROGRAM SUPPORT 32,000

BIG BROTHERS BIG SISTERS WASHTENAW

11 W MICHIGAN AVE
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 11,000

BOUND TOGETHER

171 W PIKE ST
PONTIAC,MI48341 		NONE PC PROGRAM SUPPORT 5,000

BRIDGE FOOD CENTER

1539 WASHINGTON
MIDLAND,MI48640 		NONE PC PROGRAM SUPPORT 1,500

BRIDGE MICHIGAN

220 W MICHIGAN AVE
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 2,500

CALVIN UNIVERSITY

3201 BURTON ST SE
GRAND RAPIDS,MI49546 		NONE PC PROGRAM SUPPORT 90,000

CANCER SUPPORT COMMUNITY

2010 HOGBACK RD
ANN ARBOR,MI48105 		NONE PC PROGRAM SUPPORT 10,000

CARE HOUSE OF OAKLAND CTY

44765 WOODWARD AVE
PONTIAC,MI48341 		NONE PC PROGRAM SUPPORT 25,000

CATHOLIC CHARITIES WEST MICHIGAN

40 JEFFERSON AVE SE
GRAND RAPIDS,MI49503 		NONE PC PROGRAM SUPPORT 15,000

CHANGING LIVES AND STAYING SOBER

22000 GRAND RIVER
DETROIT,MI48219 		NONE PC PROGRAM SUPPORT 50,000

CHILDRENS LITERACY NETWORK

1100 N MAIN ST
ANN ARBOR,MI48104 		NONE PC PROGRAM SUPPORT 14,000

COMMUNITIES FIRST

415 W COURT ST
FLINT,MI48503 		NONE PC PROGRAM SUPPORT 50,000

CORNER HEALTH CENTER

47 N HURON
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 50,000

COVENANT HOUSE MICHIGAN

2959 MLK BLVD
DETROIT,MI48208 		NONE PC PROGRAM SUPPORT 15,000

DIRECT RELIEF

6100 WALLACE BECKNELL RD
SANTA BARBARA,CA93117 		NONE PC PROGRAM SUPPORT 20,000

DIXBORO UNITED METHODIST CHURCH

5221 CHURCH RD
ANN ARBOR,MI48105 		NONE PC PROGRAM SUPPORT 2,000

EAGLE VILLAGE

5407 170TH AVE
HERSEY,MI49639 		NONE PC PROGRAM SUPPORT 50,000

EDUCATE YOUTH 501 C 3

104 S HURON ST
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 10,000

FAMILY PROMISE OF GRAND RAPIDS

516 CHERRY ST SE
GRAND RAPIDS,MI49503 		NONE PC PROGRAM SUPPORT 50,000

FOOD GATHERERS

1 CARROT WAY
ANN ARBOR,MI48105 		NONE PC PROGRAM SUPPORT 5,000

FREEDOM RIVER

9305 HURON RAPIDS DR
WHITMORE LAKE,MI48189 		NONE PC PROGRAM SUPPORT 200,000

FRIENDS OF THE MASTER

616 WASHTENAW
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 30,000

GAMERS OUTREACH

108 N MAPLE RD
SALINE,MI48176 		NONE PC PROGRAM SUPPORT 10,500

GIRLS GROUP

2531 JACKSON
ANN ARBOR,MI48103 		NONE PC PROGRAM SUPPORT 10,000

GRAND TRAVERSE REGIONAL LAND CONS

3860 N LONG LAKE RD
TRAVERSE CITY,MI49686 		NONE PC PROGRAM SUPPORT 50,000

GREATER MIDLAND COMMUNITY CENTERS

2205 JEFFERSON AVE
MIDLAND,MI48640 		NONE PC PROGRAM SUPPORT 20,000

HABITAT FOR HUMANITY HURON VALLEY

950 VICTORS WAY
ANN ARBOR,MI48108 		NONE PC PROGRAM SUPPORT 25,000

HAND 2 HAND

306 CHICAGO DR
JENNISON,MI49428 		NONE PC PROGRAM SUPPORT 50,000

HIDDEN HARVEST

PO BOX 1982
SAGINAW,MI48605 		NONE PC PROGRAM SUPPORT 1,500

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		NONE PC PROGRAM SUPPORT 10,000

HIS EYE IS ON THE SPARROW

PO BOX 278
SALINE,MI48176 		NONE PC PROGRAM SUPPORT 12,000

HOPE CLINIC

PO BOX 980311
YPSILANTI,MI48198 		NONE PC PROGRAM SUPPORT 66,500

HURON RIVER WATERSHED COUNCIL

1100 N MAIN ST
ANN ARBOR,MI48104 		NONE PC PROGRAM SUPPORT 12,500

INLAND SEAS EDUCATION ASSOCIATION

100 DAME ST
SUTTONS BAY,MI49682 		NONE PC PROGRAM SUPPORT 50,000

INTERLOCHEN CENTER FOR THE ARTS

PO BOX 199
INTERLOCHEN,MI49643 		NONE PC PROGRAM SUPPORT 252,000

JUBILEE MINISTRIES

96 W 15TH ST
HOLLAND,MI49423 		NONE PC PROGRAM SUPPORT 10,000

JUNIOR ACHIEVEMENT OF CENTRAL MICH

309 E INDIAN ST
MIDLAND,MI48640 		NONE PC PROGRAM SUPPORT 45,000

KAMBLY LIVING CENTER

1003 NORTH AVE
BATTLE CREEK,MI49017 		NONE PC PROGRAM SUPPORT 15,000

LACASA CENTER

2895 W GRAND RIVER AVE
HOWELL,MI48843 		NONE PC PROGRAM SUPPORT 100,000

LAKE CTY AREA CHURCH OF CHARITIES

PO BOX 729
BALDWIN,MI49304 		NONE PC PROGRAM SUPPORT 5,000

LEGACY LAND CONSERVANCY

6276 JACKSON RD
ANN ARBOR,MI48103 		NONE PC PROGRAM SUPPORT 25,000

LOA SCHOLARSHIP FUND

PO BOX 96
TEASDALE,UT84773 		NONE PC PROGRAM SUPPORT 25,000

LUNGEVITY FOUNDATION

228 S WABASH AVE
CHICAGO,IL60604 		NONE PC PROGRAM SUPPORT 1,000

M&M CHILDRENS MUSEUM

425 FIRST ST
MENOMINEE,MI49858 		NONE PC PROGRAM SUPPORT 50,000

MAKING SPIRITS BRIGHT

28580 ORCHARD LAKE RD
FARMINGTON HILLS,MI48344 		NONE PC PROGRAM SUPPORT 10,000

MARY FREE BED REHAB HOSPITAL

235 WEALTHY ST SE
GRAND RAPIDS,MI49503 		NONE PC PROGRAM SUPPORT 100,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA
BOSTON,MA02114 		NONE PC PROGRAM SUPPORT 2,500

MEL TROTTER MINISTRIES

225 COMMERCE AVE SW
GRAND RAPIDS,MI49503 		NONE PC PROGRAM SUPPORT 5,000

MICHIGAN ADVOCACY PROGRAM

15 S WASHINGTON ST
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 25,000

MICHIGAN LEAGUE OF CONS VOTERS

340 BEAKES ST
ANN ARBOR,MI48104 		NONE PC PROGRAM SUPPORT 10,000

MICHIGAN THEATER FOUNDATION

603 E LIBERTY
ANN ARBOR,MI48104 		NONE PC PROGRAM SUPPORT 5,000

MIDLAND AREA COMMUNITY FDN

76 ASHMUN CIR
MIDLAND,MI48640 		NONE PC PROGRAM SUPPORT 15,000

MIDLAND CENTER FOR THE ARTS

1801 W ST ANDREWS
MIDLAND,MI48640 		NONE PC PROGRAM SUPPORT 120,000

MIDLAND COMM FORMER OFFENDERS

1415 WASHINGTON ST
MIDLAND,MI48640 		NONE PC PROGRAM SUPPORT 1,500

MY PLACE JACKSON

PO BOX 1301
JACKSON,MI49201 		NONE PC PROGRAM SUPPORT 20,000

NATURE CONSERVANCY MICHIGAN

101 E GRAND RIVER
LANSING,MI48906 		NONE PC PROGRAM SUPPORT 150,000

NEW DAY FOUNDATION FOR FAMILIES

245 BARCLAY CIR
ROCHESTER HILLS,MI48307 		NONE PC PROGRAM SUPPORT 10,000

OUR BROTHERS KEEPER

405 S THIRD AVE
BIG RAPIDS,MI49307 		NONE PC PROGRAM SUPPORT 30,000

PLANNED PARENTHOOD OF MICHIGAN

PO BOX 3673
ANN ARBOR,MI48106 		NONE PC PROGRAM SUPPORT 10,000

POPE FRANCIS CENTER

438 ST ANTOINE ST
DETROIT,MI48226 		NONE PC PROGRAM SUPPORT 21,666

REMUS AREA HISTORICAL SOCIETY

PO BOX 71
REMUS,MI49340 		NONE PC PROGRAM SUPPORT 3,000

RESPITE VOLUNTEERS OF SHIAWASSEE

PO BOX 1777
OWOSSO,MI48867 		NONE PC PROGRAM SUPPORT 17,000

RIVERSIDE ARTS CENTER

76 N HURON ST
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 20,000

SAGINAW VALLEY STATE UNIVERSITY

7400 BAY RD
UNIVERSITY CENTER,MI48710 		NONE PC PROGRAM SUPPORT 10,000

SENIOR SERVICES OF MIDLAND COUNTY

4700 DUBLIN AVE
MIDLAND,MI48642 		NONE PC PROGRAM SUPPORT 1,500

SHELTER ASSOCIATION OF WASHTENAW

312 W HURON
ANN ARBOR,MI48103 		NONE PC PROGRAM SUPPORT 25,000

SHIAWASSEE ARTS CENTER

206 CURWOOD CASTLE DR
OWOSSO,MI48867 		NONE PC PROGRAM SUPPORT 8,333

SOC FOR REST OF HIST MASONIC TEMPLE

700 N MADISON AVE
BAY CITY,MI48708 		NONE PC PROGRAM SUPPORT 1,500

SOLDIER STRONG

1127 HIGH RIDGE RD
STAMFORD,CT06905 		NONE PC PROGRAM SUPPORT 7,500

SPRING ARBOR UNIVERSITY

106 E MAIN ST
SPRING ARBOR,MI49283 		NONE PC PROGRAM SUPPORT 30,000

ST VINCENT CATHOLIC CHARITIES

2800 W WILLOW ST
LANSING,MI48917 		NONE PC PROGRAM SUPPORT 15,000

SUPERIOR ARTS YOUTH THEATER

PO BOX 741
MARQUETTE,MI49855 		NONE PC PROGRAM SUPPORT 10,000

THE ARC OF MIDLAND

2602 LOUANNA ST
MIDLAND,MI48640 		NONE PC PROGRAM SUPPORT 30,000

THE BISHOPS SCHOOL

7607 LAJOLLA BLVD
LA JOLLA,CA92037 		NONE PC PROGRAM SUPPORT 2,500

THE LEELANAU SCHOOL

1 OLD HOMESTEAD RD
GLEN ARBOR,MI49636 		NONE PC PROGRAM SUPPORT 25,000

THE LEGACY CENTER FOR COMM SUCCESS

2417 ABBOTT RD
MIDLAND,MI48642 		NONE PC PROGRAM SUPPORT 20,500

THE MADE INSTITUTE

PO BOX 310246
FLINT,MI48531 		NONE PC PROGRAM SUPPORT 40,000

THE ROCK CENTER FOR YOUTH DEV

6021 EASTMAN AVE
MIDLAND,MI48640 		NONE PC PROGRAM SUPPORT 30,000

THOMPSONVILLE AREA REVITALIZATION

PO BOX 522
BENZIE COUNTY,MI49683 		NONE PC PROGRAM SUPPORT 10,000

TORCH CONSERVATION CENTER

PO BOX 1142
BELLAIRE,MI49615 		NONE PC PROGRAM SUPPORT 5,000

UM CLEMENTS LIBRARY

909 S UNIVERSITY
ANN ARBOR,MI48109 		NONE PC PROGRAM SUPPORT 2,500

UM DEPT OF MUSICAL THEATRE

2005 BAITS DR
ANN ARBOR,MI48109 		NONE PC PROGRAM SUPPORT 2,500

UM FORD SCHOOL OF PUBLIC POLICY

3003 S STATE ST
ANN ARBOR,MI48109 		NONE PC PROGRAM SUPPORT 150,000

UM KELLOGG EYE CENTER

1000 WALL ST
ANN ARBOR,MI48105 		NONE PC PROGRAM SUPPORT 200,000

UM SCHOOL OF EDUCATION

610 E UNIVERSITY
ANN ARBOR,MI48109 		NONE PC PROGRAM SUPPORT 200,000

UM SCHOOL OF MUSIC

1100 BAITS DR
ANN ARBOR,MI48109 		NONE PC PROGRAM SUPPORT 150,000

UM SCHOOL OF NURSING

400 N INGALLS
ANN ARBOR,MI48109 		NONE PC PROGRAM SUPPORT 100,000

UNITED WAY OF SOUTHEASTERN MICHIGAN

2305 PLATT RD
ANN ARBOR,MI48104 		NONE PC PROGRAM SUPPORT 3,000

UNIVERSITY MUSICAL SOCIETY

881 N UNIVERSITY AVE
ANN ARBOR,MI48109 		NONE PC PROGRAM SUPPORT 25,000

UNIVERSITY OF SAN DIEGO

5998 ALCALA PARK
SAN DIEGO,CA92110 		NONE PC PROGRAM SUPPORT 1,000

WASHTENAW AREA COUNCIL FOR CHIDREN

3075 W CLARK RD
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 20,000

WASHTENAW CAMP PLACEMENT

3135 S STATE ST
ANN ARBOR,MI48108 		NONE PC PROGRAM SUPPORT 19,500

WGTE PUBLIC MEDIA

PO BOX 30
TOLEDO,OH43614 		NONE PC PROGRAM SUPPORT 2,500

WOMENS RESOURCE CTR GRAND TRAVERSE

720 S IMWOOD
TRAVERSE CITY,MI49684 		NONE PC PROGRAM SUPPORT 10,000

WOMEN'S RESOURCE CENTER NORTHERN MI

423 PORTER ST
PETOSKEY,MI49770 		NONE PC PROGRAM SUPPORT 17,500

WORLD MEDICAL RELIEF

21725 MELROSE AVE
SOUTHFIELD,MI48075 		NONE PC PROGRAM SUPPORT 15,000

YPSILANTI DISTRICT LIBRARY

5577 WHITTAKER RD
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 80,000
Total .................................right arrow 3a 3,619,754
bApproved for future payment

ANN ARBOR SYMPHONY ORCHESTRA
35 RESEARCH DR
ANN ARBOR,MI48103 		NONE PC PROGRAM SUPPORT 25,000

CALVIN UNIVERSITY
3201 BURTON ST SE
GRAND RAPIDS,MI49546 		NONE PC PROGRAM SUPPORT 170,000

CHANGING LIVES AND STAYING SOBER
22000 GRAND RIVER
DETROIT,MI48219 		NONE PC PROGRAM SUPPORT 100,000

INTERLOCHEN CENTER FOR THE ARTS
PO BOX 199
INTERLOCHEN,MI49643 		NONE PC PROGRAM SUPPORT 500,000

M&M CHILDRENS MUSEUM
425 FIRST ST
MENOMINEE,MI49858 		NONE PC PROGRAM SUPPORT 50,000

MARY FREE BED REHAB HOSPITAL
235 WEALTHY ST SE
GRAND RAPIDS,MI49503 		NONE PC PROGRAM SUPPORT 700,000

MICHIGAN ADVOCACY PROGRAM
15 S WASHINGTON ST
YPSILANTI,MI48197 		NONE PC PROGRAM SUPPORT 50,000

SHELTER ASSOCIATION OF WASHTENAW
312 W HURON
ANN ARBOR,MI48103 		NONE PC PROGRAM SUPPORT 25,000

UNIVERSITY MUSICAL SOCIETY
881 N UNIVERSITY AVE
ANN ARBOR,MI48109 		NONE PC PROGRAM SUPPORT 25,000
Total ................................. right arrow 3b 1,645,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 178,069  
4 Dividends and interest from securities ....     14 1,743,400  
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 5,221,353  
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) ..   7,142,822  
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,142,822
(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.)
3 FUNDS FOR GRANT MAKING
4 FUNDS FOR GRANT MAKING
8 FUNDS FOR GRANT MAKING
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


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Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MARY IVERS CPA TAX PREP 3,000     3,000

TY 2024 InvestmentsCorpStockSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Name of Stock End of Year Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITIES 34,774,534 62,669,569

TY 2024 InvestmentsGovtObligationsSch
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
US Government Securities - End of Year Book Value:

6,006,007
US Government Securities - End of Year Fair Market Value:

6,163,911
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 OtherAssetsSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
VANGUARD DIVIDEND IN TRANSIT 4,542 5,789 5,789
OFFICE SECURITY DEPOSIT 800 800 800


TY 2024 OtherExpensesSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INSURANCE EXPENSE 10,407     10,407
COMPUTER EXPENSE 14,681     14,681
OFFICE EXPENSE 365     365
DUES 9,781     9,781
BANK SERVICE CHARGES 528     528
POSTAGE 262     262
TELEPHONE 703     703
MISCELLANEOUS 14     14
STATE ANNUAL REPORTING 50     50


TY 2024 OtherIncreasesSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Description Amount
PRIOR GRANT RETURNED 200,000


TY 2024 OtherProfessionalFeesSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CHARLES SCHWAB INV MGMT FEES 57,668 57,668    
COLUMBIA ASSET INV MGMT FEES 15,000 15,000    
BENNETT & ASSOCIATES CPAS AUDIT 12,900 6,450   6,450
HUNTINGTON BANK INV MGMT FEES 8,389 8,389    


TY 2024 TaxesSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 69,000      
PAYROLL TAXES 5,091 744   4,347