Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE SERR CHARITABLE ACTION TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 803878
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60680
A Employer identification number

36-7391628
B Telephone number (see instructions)

(312) 630-6000
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$51,257,197J 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) 20,508,856
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,001,368 1,001,368  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 16,695,945
b Gross sales price for all assets on line 6a 25,909,378
7 Capital gain net income (from Part IV, line 2)... 16,695,945
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,582 1,582  
12 Total. Add lines 1 through 11........ 38,207,751 17,698,895  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 126,818 31,704   95,114
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,100 1,550 0 1,550
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
160,020 160,020   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
201,009 16,009   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,144 3,129   15
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 494,091 212,412 0 96,679
25 Contributions, gifts, grants paid....... 4,382,200 4,382,200
26 Total expenses and disbursements. Add lines 24 and 25 4,876,291 212,412 0 4,478,879
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 33,331,460
b Net investment income (if negative, enter -0-) 17,486,483
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   7,718,147 7,718,147
2 Savings and temporary cash investments......... 550,132    
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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)....... 12,188,313 Click to see attachment
List of Attached Documents:
// Content
15,948,791 		29,928,313
c Investments—corporate bonds (attach schedule)....... 7,803,385 Click to see attachment
List of Attached Documents:
// Content
14,175,070 		13,610,737
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)..........     0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,541,830 37,842,008 51,257,197
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........ 20,541,830 37,842,008
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)..... 20,541,830 37,842,008
30 Total liabilities and net assets/fund balances (see instructions). 20,541,830 37,842,008
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
20,541,830
2
Enter amount from Part I, line 27a .....................
2
33,331,460
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,658
4
Add lines 1, 2, and 3 ..........................
4
53,876,948
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
16,034,940
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
37,842,008
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 772. ABB LTD SPONSORED ADR   2022-04-07 2024-05-28
b 8464. ABB LTD SPONSORED ADR   2022-04-07 2024-07-11
c 3829. AFLAC INC   2011-06-10 2024-07-11
d 27357. ALPHABET INC CAP STK USD0.001 CL C   2016-04-15 2024-01-10
e 1256. ALPHABET INC CAP STK USD0.001 CL C   2012-01-13 2024-02-27
1655. ALPHABET INC CAP STK USD0.001 CL C   2012-01-23 2024-04-30
730. ALPHABET INC CAP STK USD0.001 CL C   2012-01-23 2024-05-28
4585. ALPHABET INC CAP STK USD0.001 CL C   2015-01-29 2024-07-11
254. AMAZON COM INC   2014-02-05 2024-02-27
456. AMAZON COM INC   2014-02-05 2024-04-30
3215. AMAZON COM INC   2017-03-28 2024-07-11
727. AMERICAN TOWER CORP   2021-02-12 2024-07-11
290. AMERICAN TOWER CORP   2015-11-09 2024-11-06
1677. APPLE COMPUTER INC   2015-08-21 2024-07-11
671. APPLE COMPUTER INC   2015-08-21 2024-11-06
605. APPLIED MATERIALS INC   2015-08-04 2024-05-28
3952. APPLIED MATERIALS INC   2015-08-04 2024-07-11
720. AVALONBAY CMNTYS INC REIT   2018-06-21 2024-07-11
208. CANADIAN PAC KANS CITY LTD   2024-10-04 2024-12-04
4000. COGNIZANT TECHNOLOGY SOLUTION CL A   2012-07-23 2024-07-11
1127. COGNIZANT TECHNOLOGY SOLUTION CL A   2012-07-23 2024-11-06
616. ADR DEUTSCHE BOERSE ADR   2024-10-04 2024-12-02
436. ADR DEUTSCHE BOERSE ADR   2024-10-04 2024-12-04
199. DEUTSCHE TELEKOM AG SPONSORED ADR   2024-10-04 2024-12-12
12750. MFC FLEXSHARES TR IBOXX 3 YR TARGET DURATION TIPS INDEX FD TR I   2021-12-09 2024-04-16
117. ADR GIVAUDAN SA ADR   2024-10-04 2024-10-07
27. W W GRAINGER INC   2004-05-19 2024-05-28
953. W W GRAINGER INC   2012-05-30 2024-07-11
1076. HALEON PLC ADR   2024-10-04 2024-10-07
1297. HALEON PLC ADR   2024-10-04 2024-11-05
1840. HALEON PLC ADR   2024-10-04 2024-12-12
94. HOME DEPOT INC   2016-04-15 2024-02-27
375. ADR INDUSTRIA DE DISENO TEXTIL INDITEX SA ADR ADR   2024-10-04 2024-10-07
188. INTERCONTINENTAL EXCHANGE INC COM   2015-11-09 2024-02-27
551. INTUIT   2015-01-06 2024-07-11
635. INTUITIVE SURGICAL INC COM NEW STK   2013-11-19 2024-07-11
243. INTUITIVE SURGICAL INC COM NEW STK   2013-11-19 2024-11-06
154. ADR LVMH MOET HENNESSY LOUIS VUITTON ADR   2024-10-04 2024-11-01
596. ADR LONDON STK EXCHANGE GROUP ADR   2024-10-04 2024-12-02
636. MICROCHIP TECHNOLOGY INC   2021-02-12 2024-05-28
508465.8 NORTHERN FUNDS WORLD SELECTION INDEX FUND CL K   2022-04-07 2024-10-01
2698. NVIDIA CORP   2021-02-12 2024-07-18
1144. NVIDIA CORP   2020-05-27 2024-11-06
910. OLYMPUS CORP ADR   2024-10-04 2024-10-28
441. OLYMPUS CORP ADR   2024-10-04 2024-11-12
1082. PALO ALTO NETWORKS INC COM USD0.0001   2017-09-06 2024-07-11
205. PALO ALTO NETWORKS INC COM USD0.0001   2017-08-02 2024-11-06
324. SALESFORCE INC COM USD0.001   2021-02-12 2024-05-28
76. SAP AKTIENGESELLSCHAFT SPONSORED ADR   2024-10-04 2024-11-01
248. ADR SCHNEIDER ELECTRIC SE   2024-10-04 2024-10-16
906. SCHWAB CHARLES CORP COMMON STOCK NEW   2016-04-15 2024-04-30
4203. SCHWAB CHARLES CORP COMMON STOCK NEW   2016-01-15 2024-07-11
113. SHOPIFY INC CL A SUB VTG SHS SHOPIFY INC   2024-10-04 2024-12-04
198. SHOPIFY INC CL A SUB VTG SHS SHOPIFY INC   2024-10-04 2024-12-12
464. ADR SIEMENS HEALTHINEERS AG ADR   2024-10-04 2024-10-07
120. TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR   2024-10-04 2024-10-29
93. TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR   2024-10-04 2024-11-27
73. TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR   2024-10-04 2024-12-04
91. THE TRAVELERS COMPANIES INC.   2016-04-15 2024-02-27
236. THE TRAVELERS COMPANIES INC.   2016-04-15 2024-05-28
144. XYLEM INC COM   2021-02-12 2024-02-27
342. XYLEM INC COM   2021-02-12 2024-04-30
593. XYLEM INC COM   2021-02-12 2024-05-28
167. ACCENTURE PLC CLS A   2024-10-04 2024-10-14
124. CRH ORD EUR 0.32   2024-10-04 2024-12-12
30. LINDE PLC   2024-10-04 2024-12-04
20. LINDE PLC   2024-10-04 2024-12-12
2412. ALCON AG COM USD0.04 WI   2022-02-22 2024-02-12
225. ALCON AG COM USD0.04 WI   2024-10-04 2024-11-01
103. ALCON AG COM USD0.04 WI   2024-10-04 2024-11-19
93. ALCON AG COM USD0.04 WI   2024-10-04 2024-12-06
33. ADR ASML HOLDING NV NY REG 2012 (POST REV SPLIT)   2024-10-04 2024-10-18
17. ADR ASML HOLDING NV NY REG 2012 (POST REV SPLIT)   2024-10-04 2024-10-22
CAPITAL GAIN DIVIDENDS P    
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(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 41,947   23,735 18,212
b 479,218   220,663 258,555
c 349,995   85,436 264,559
d 3,897,247   577,500 3,319,747
e 174,866   19,548 155,318
273,933   25,671 248,262
129,611   10,667 118,944
860,168   115,334 744,834
43,920   4,341 39,579
81,622   7,405 74,217
626,390   137,688 488,702
149,634   126,610 23,024
57,281   24,088 33,193
381,139   45,342 335,797
149,320   18,142 131,178
134,775   10,249 124,526
971,654   66,950 904,704
148,213   121,893 26,320
15,824   17,095 -1,271
280,322   115,545 164,777
87,813   31,466 56,347
14,278   14,114 164
10,122   9,990 132
6,252   5,763 489
299,591   335,461 -35,870
11,999   12,102 -103
25,530   1,423 24,107
869,635   166,809 702,826
10,752   11,150 -398
12,603   13,440 -837
17,956   19,066 -1,110
35,106   12,687 22,419
10,775   10,725 50
26,007   9,822 16,185
347,565   48,489 299,076
284,001   27,789 256,212
127,111   10,634 116,477
20,395   22,656 -2,261
21,189   20,423 766
62,768   50,528 12,240
12,233,687   5,740,509 6,493,178
323,618   35,572 288,046
163,553   9,533 154,020
15,600   17,128 -1,528
7,244   8,301 -1,057
357,764   50,956 306,808
77,483   9,176 68,307
87,035   60,341 26,694
17,805   16,719 1,086
12,849   12,908 -59
66,943   25,530 41,413
318,554   57,983 260,571
12,860   9,189 3,671
23,084   16,101 6,983
13,092   13,193 -101
23,518   21,486 2,032
16,771   16,652 119
14,688   13,071 1,617
20,094   10,593 9,501
49,757   27,471 22,286
17,973   14,204 3,769
44,869   33,734 11,135
83,928   58,492 25,436
60,711   60,281 430
12,384   10,981 1,403
13,775   13,997 -222
8,815   9,331 -516
186,249   149,017 37,232
20,711   21,824 -1,113
8,783   9,991 -1,208
8,074   9,021 -947
23,834   27,528 -3,694
12,238   14,181 -1,943
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
      2,508
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       18,212
b       258,555
c       264,559
d       3,319,747
e       155,318
      248,262
      118,944
      744,834
      39,579
      74,217
      488,702
      23,024
      33,193
      335,797
      131,178
      124,526
      904,704
      26,320
      -1,271
      164,777
      56,347
      164
      132
      489
      -35,870
      -103
      24,107
      702,826
      -398
      -837
      -1,110
      22,419
      50
      16,185
      299,076
      256,212
      116,477
      -2,261
      766
      12,240
      6,493,178
      288,046
      154,020
      -1,528
      -1,057
      306,808
      68,307
      26,694
      1,086
      -59
      41,413
      260,571
      3,671
      6,983
      -101
      2,032
      119
      1,617
      9,501
      22,286
      3,769
      11,135
      25,436
      430
      1,403
      -222
      -516
      37,232
      -1,113
      -1,208
      -947
      -3,694
      -1,943
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 16,695,945
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 243,062
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........................... 3 243,062
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- ..... 5 243,062
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 189,932
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 189,932
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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 53,130
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowCA, IL
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowNORTHERN TRUST NA Telephone no.right arrow (312) 630-6000

Located atright arrowC/O PO BOX 803878CHICAGOIL ZIP+4right arrow606803878
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
NORTHERN TRUST COMPANY TRUSTEE
40 		126,818    
PO BOX 803878
CHICAGO,IL60680
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 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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)
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
41,462,981
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
41,462,981
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
41,462,981
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
621,945
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
40,841,036
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,042,052
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
2,042,052
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
243,062
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
243,062
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,798,990
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,798,990
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,798,990
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
4,478,879
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,478,879
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,798,990
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...... 414,259
b From 2020...... 106,502
c From 2021...... 165,274
d From 2022...... 6,289,964
e From 2023...... 11,875,915
f Total of lines 3a through e ........ 18,851,914
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,478,879
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..... 1,798,990
e Remaining amount distributed out of corpus 2,679,889
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 21,531,803
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) ... 		414,259
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		21,117,544
10 Analysis of line 9:
a Excess from 2020.... 106,502
b Excess from 2021.... 165,274
c Excess from 2022.... 6,289,964
d Excess from 2023.... 11,875,915
e Excess from 2024.... 2,679,889
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

UTAH CLEAN ENERGY

1014 2ND AVENUE
SALT LAKE CITY,UT84103 		NONE PC TO BUILD THE CLIMATE INNOV 500,000

ORANGE COUNTY
COMMUNITY FOUNDATION
4041 MACARTHUR BLVD
NEWPORT BEACH CA,CA92660 		NONE PC CULTURAL VISION FUND 850,000

SALT LAKE FILM SOCIETY

111 E BROADWAY
SALT LAKE CITY,UT84111 		NONE PC GENERAL SUPPORT 2,482,200

UTAH SYMPHONY UTAH OPERA

123 W SOUTH TEMPLE
SALT LAKE CITY,UT84101 		NONE PC GENERAL SUPPORT 200,000

THE GRAND CANYON TRUST

2601 N FORT VALLEY ROAD
FLAGSTAFF,AZ86001 		NONE PC GENERAL SUPPORT 200,000

YWCA OF SALT LAKE CITY

322 E 300 S
SALT LAKE CITY,UT84111 		NONE PC GENERAL SUPPORT 100,000

SCENIC UTAH

5 SOUTH 500 WEST
SALT LAKE CITY,UT84101 		NONE PC TO REDUCE OR ELIMINATE SIGN 50,000
Total .................................right arrow 3a 4,382,200
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,001,368  
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 16,695,945  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aAVALONBAY CMNTYS I 		    14 422  
bDIGITAL RLTY TR IN     14 1,160  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   17,698,895  
13Total. Add line 12, columns (b), (d), and (e)..................
13
17,698,895
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE SERR CHARITABLE ACTION TRUST
 
Employer identification number

36-7391628
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE SERR CHARITABLE ACTION TRUST
  		Employer identification number
36-7391628
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
THE CHRTVZN TRUST
C/O THE NORTHERN TRUST COMPANY
 
S LASALLECHICAGO, IL60675

$ 20,508,856


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE SERR CHARITABLE ACTION TRUST
  		Employer identification number

36-7391628
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 VARIOUS SHARES OF STOCK $ 20,505,564 2024-01-05
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE SERR CHARITABLE ACTION TRUST
  		Employer identification number

36-7391628
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 3,100 1,550   1,550

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Name of Bond End of Year Book Value End of Year Fair Market Value
SEE ATTACHED SCHEDULE    
C665162467 MFB NORTHN FDS ULTR 1,500,000 1,501,458
C665162699 MFB NORTHERN HIGH Y 2,996,146 2,807,692
C33939L506 MFC FLEXSHARES TR T 1,158,550 1,065,702
C46435U549 MFC ISHARES TRUST E 2,981,810 2,684,000
C92206C102 VANGUARD SHORT-TERM 5,538,564 5,551,885

TY 2024 InvestmentsCorpStockSchedule
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Name of Stock End of Year Book Value End of Year Fair Market Value
SEE ATTACHED SCHEDULE    
C000375204 ADR ABB LTD SPONSOR 264,456 649,837
C001055102 AFLAC INC COM 76,301 370,212
C002824100 ABBOTT LAB COM 49,240 144,215
C00287Y109 ABBVIE INC COM USD0 28,939 80,676
C02079K107 ALPHABET INC CAP ST 113,065 1,354,600
C023135106 AMAZON COM INC COM 128,076 1,634,017
C030420103 AMERICAN WTR WKS CO 503,121 640,128
C031162100 AMGEN INC COM 116,991 136,575
C037833100 APPLE INC COM STK 355,807 1,917,216
C038222105 APPLIED MATERIALS I 39,421 378,440
C046353108 ADR ASTRAZENECA PLC 244,021 270,729
C052769106 AUTODESK INC COM 226,247 312,417
C110122108 BRISTOL MYERS SQUIB 208,810 207,292
C125523100 THE CIGNA GROUP 97,917 130,614
C12572Q105 CME GROUP INC COM S 73,700 288,662
C169656105 CHIPOTLE MEXICAN GR 28,468 183,915
C192446102 COGNIZANT TECH SOLU 70,392 224,164
C194162103 COLGATE-PALMOLIVE C 114,096 162,729
C278865100 ECOLAB INC COM STK 210,035 194,720
C375558103 GILEAD SCIENCES INC 89,028 145,945
C37733W204 ADR GSK PLC 152,146 129,564
C38141G104 GOLDMAN SACHS GROUP 77,702 140,865
C437076102 HOME DEPOT INC COM 170,539 508,021
C458140100 INTEL CORP COM 244,507 98,847
C45866F104 INTERCONTINENTAL EX 134,040 414,993
C461202103 INTUIT COM 59,577 425,495
C46120E602 INTUITIVE SURGICAL 42,287 521,438
C478160104 JOHNSON & JOHNSON C 162,958 156,913
C574599106 MASCO CORP COM 176,810 237,231
C594918104 MICROSOFT CORP COM 426,569 805,065
C595017104 MICROCHIP TECHNOLOG 119,465 222,174
C617446448 MORGAN STANLEY COM 78,139 117,297
C64110L106 NETFLIX INC COM STK 208,725 387,724
C66987V109 ADR NOVARTIS AG 221,004 242,399
C67066G104 NVIDIA CORP COM 92,648 1,493,036
C697435105 PALO ALTO NETWORKS 55,193 448,713
C70450Y103 PAYPAL HLDGS INC CO 79,709 267,146
C717081103 PFIZER INC COM 245,433 151,752
C742718109 PROCTER & GAMBLE CO 322,954 556,095
C747525103 QUALCOMM INC COM 49,431 155,156
C756255204 ADR RECKITT BENCKIS 541,398 383,630
C771195104 ADR ROCHE HLDG LTD 297,016 272,273
C78409V104 S&P GLOBAL INC COM 51,641 327,206
C79466L302 SALESFORCE INC COM 116,555 523,895
C808513105 SCHWAB CHARLES CORP 162,090 1,030,145
C826197501 ADR SIEMENS AG COM 222,595 318,367
C855244109 STARBUCKS CORP COM 208,578 327,223
C88160R101 TESLA INC COM USD0. 166,906 331,149
C89417E109 TRAVELERS COS INC C 131,625 343,750
C911312106 UNITED PARCEL SVC I 84,813 101,511
C91324P102 UNITEDHEALTH GROUP 28,634 262,541
C92343V104 VERIZON COMMUNICATI 398,167 268,493
C92826C839 VISA INC COM CL A S 172,458 270,846
C941848103 WATERS CORP COM 52,219 308,284
C98419M100 XYLEM INC COM 209,524 551,675
CN6596X109 NXP SEMICONDUCTORS 223,585 596,114
C03027X100 AMERICAN TOWER CORP 133,467 299,509
C053484101 AVALONBAY CMNTYS RE 278,916 365,150
C253868103 DIGITAL RLTY TR INC 230,233 395,091
C04016X101 ADR ARGENX SE SPONS 111,087 129,765
C04521N101 ADR ASICS CORP ADR 46,775 46,468
C049255706 ADR ATLAS COPCO AB 137,213 109,829
C05946K101 ADR BANCO BILBAO VI 91,706 84,447
C105105209 ADR BRAMBLES LTD SP 108,441 100,818
C13646K108 CANADIAN PAC KANS C 181,714 160,010
C20449X401 ADR COMPASS GROUP P 126,870 132,412
C23636T100 ADR DANONE SPONSORE 128,487 120,750
C251542106 ADR DEUTSCHE BOERSE 114,265 114,751
C251566105 ADR DEUTSCHE TELEKO 142,947 147,340
C268353109 EDP-ENERGIAS DE POR 122,243 91,584
C37636P108 ADR GIVAUDAN SA ADR 103,639 87,252
C40415F101 ADR HDFC BK LTD ADR 98,901 103,198
C405552100 HALEON PLC ADR 67,850 62,468
C42751Q105 ADR HERMES INTL SCA 58,807 60,236
C443251103 ADR HOYA CORP SPONS 129,539 115,816
C455793109 ADR INDUSTRIA DE DI 243,811 217,473
C46115H107 ADR INTESA SANPAOLO 134,802 130,144
C502117203 ADR L OREAL S A ADR 123,630 103,996
C502441306 ADR LVMH MOET HENNE 130,079 118,405
C526250105 ADR LENOVO GROUP LT 46,804 41,689
C539439109 LLOYDS BANKING GROU 106,153 93,255
C54211N101 ADR LONDON STK EXCH 212,420 221,242
C606822104 ADR MITSUBISHI UFJ 64,245 63,241
C61022V107 ADR MONOTARO CO LTD 22,616 23,730
C65538C206 NOMURA RESEARCH INS 48,696 41,014
C670100205 ADR NOVO-NORDISK A 302,842 227,007
C68163W208 OLYMPUS CORP ADR 107,269 84,801
C74463M106 ADR PUBLICIS GROUPE 82,143 81,368
C759530108 ADR RELX PLC SPONSO 145,057 143,028
C760125104 ADR RENTOKIL INITIA 32,646 33,903
C78445W306 ADR SMC CORP JAPAN 72,644 61,551
C803054204 SAP SE-SPONSORED AD 214,485 240,055
C80687P106 ADR SCHNEIDER ELECT 145,420 138,694
C81141R100 ADR SEA LTD ADR 120,197 132,943
C82509L107 SHOPIFY INC CL A SH 88,781 116,431
C82622J104 ADR SIEMENS HEALTHI 45,293 41,912
C835699307 ADR SONY GROUP CORP 174,122 194,460
C86317T103 ADR STRAUMANN HLDG 74,108 57,656
C874039100 ADR TAIWAN SEMICOND 86,841 95,783
C88156J105 ADR TERUMO CORP ADR 65,524 66,554
C884903808 THOMSON REUTERS COR 114,577 109,860
C88579N105 ADR 3I GROUP ADR 72,091 74,625
C889094108 ADR TOKIO MARINE HL 104,853 97,362
C889110102 ADR TOKYO ELECTRON 141,158 121,463
C903480101 ADR UCB S A 51,101 55,356
C904767704 ADR UNILEVER PLC SP 128,140 115,611
C98887Q104 ADR ZAI LAB LTD ADR 15,438 13,907
CG25508105 CRH ORD EUR 0.32 123,535 129,065
CG4705A100 ICON PLC COM 109,773 78,432
CG54950103 LINDE PLC 108,707 97,550
CH01301128 ALCON AG COM USD0.0 46,849 41,002
CL8681T102 SPOTIFY TECHNOLOGY 49,617 59,949
CM22465104 CHECK PT SOFTWARE T 53,706 51,716
CN07059210 ADR ASML HLDG NV NY 193,528 160,795
CN3167Y103 FERRARI N V FERRARI 106,219 100,262

TY 2024 OtherDecreasesSchedule
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Description Amount
COST ADJUSTMENT 130
EXCESS FMV OVER COST ON SECURITIES REC'D 16,001,331
2024 TRANSACTIONS POSTED IN 2025 33,479


TY 2024 OtherExpensesSchedule
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CLASS ACTION FILING FEES 37 37   0
IL ATTORNEY GENERAL 15 0   15
ADR FEES 3,064 3,064   0
INTEREST EXPENSES 28 28   0


TY 2024 OtherIncomeSchedule2
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
AVALONBAY CMNTYS INC REIT 422 422  
DIGITAL RLTY TR INC COM 1,160 1,160  


TY 2024 OtherIncreasesSchedule
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Description Amount
2023 TRANSACTIONS POSTED IN 2024 3,658


TY 2024 OtherProfessionalFeesSchedule
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NT ADVISORY FEES 160,020 160,020    


TY 2024 SubstantialContributorsSch
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Name Address
THE CHRTVZN TRUST C/O THE NORTHERN TRUST COMPANY
S LASALLECHICAGO,IL60675


TY 2024 TaxesSchedule
Name:
THE SERR CHARITABLE ACTION TRUST
EIN:
36-7391628
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 16,009 16,009   0
EXCISE TAX 185,000 0   0