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
MACELREE FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7080 GOSHEN ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWTOWN SQUARE, PA19073
A Employer identification number

04-3255230
B Telephone number (see instructions)

(610) 353-7787
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$8,441,916J 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) 396,479
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,738 2,738  
4 Dividends and interest from securities... 158,821 158,821  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 139,058
b Gross sales price for all assets on line 6a 344,911
7 Capital gain net income (from Part IV, line 2)... 248,625
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 697,096 410,184  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,835 2,076   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
35,533 27,533   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,368 29,609   0
25 Contributions, gifts, grants paid....... 415,080 415,080
26 Total expenses and disbursements. Add lines 24 and 25 458,448 29,609   415,080
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 238,648
b Net investment income (if negative, enter -0-) 380,575
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets 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............. 667 7,817 7,817
2 Savings and temporary cash investments......... 186,376 61,898 61,898
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)      
b Investments—corporate stock (attach schedule)....... 4,670,782 Click to see attachment
List of Attached Documents:
// Content
5,646,783 		8,372,201
c Investments—corporate bonds (attach schedule)....... 413,888 0 0
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).......... 204,132 0 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) 5,475,845 5,716,498 8,441,916
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 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 1,469,617 1,469,617
28 Retained earnings, accumulated income, endowment, or other funds 4,006,228 4,246,881
29 Total net assets or fund balances (see instructions)..... 5,475,845 5,716,498
30 Total liabilities and net assets/fund balances (see instructions). 5,475,845 5,716,498
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
5,475,845
2
Enter amount from Part I, line 27a .....................
2
238,648
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,005
4
Add lines 1, 2, and 3 ..........................
4
5,716,498
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,716,498
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 BLACKROCK INC D 2011-08-09 2024-01-30
b THE TRAVELERS COMPANIES D 2013-05-10 2024-02-22
c UNITEDHEALTH GROUP D 2011-03-22 2024-02-22
d AIR PRODUCTS & CHEMICALS D 2016-03-29 2024-02-22
e MICROSOFT D 2017-09-08 2024-02-22
MFB NORTHN HI YIELD FXC INC P   2024-02-22
EATON CORP D 2012-11-28 2024-02-22
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 62,632   12,025 50,607
b 70,130   28,225 41,905
c 50,134   4,193 45,941
d 20,109   11,602 8,507
e 20,165   3,640 16,525
30,000   34,023 -4,023
19,966   2,578 17,388
71,775     71,775
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       50,607
b       41,905
c       45,941
d       8,507
e       16,525
      -4,023
      17,388
      71,775
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 2 248,625
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 5,290
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 5,290
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 5,290
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 4,080
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,080
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,210
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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowMA
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 instructions.................
12
 
No
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 arrowTHE NORTHERN TRUST FSB Telephone no.right arrow (617) 235-1835

Located atright arrowONE INTERNATIONAL PLACE SUITE 1600BOSTONMA ZIP+4right arrow02110
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)
 
No
(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
 
 
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
JANE C MACELREE TRUSTEE
0.00 		0 0 0
7080 GOSHEN ROAD
NEWTON SQUARE,PA19073
MICHAEL C HILL TRUSTEE
0.00 		0 0 0
55 WINDSOR ROAD
NEWTON,MA02468
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 arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
7,633,948
b
Average of monthly cash balances.......................
1b
132,630
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
7,766,578
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
7,766,578
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
116,499
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,650,079
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
382,504
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
382,504
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
5,290
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,290
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
377,214
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
377,214
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
377,214
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
415,080
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
415,080
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 7 377,214
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...... 440,060
b From 2020...... 962,639
c From 2021...... 74,911
d From 2022...... 115,703
e From 2023...... 120,732
f Total of lines 3a through e ........ 1,714,045
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 415,080
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..... 377,214
e Remaining amount distributed out of corpus 37,866
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,751,911
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) ... 		440,060
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,311,851
10 Analysis of line 9:
a Excess from 2020.... 962,639
b Excess from 2021.... 74,911
c Excess from 2022.... 115,703
d Excess from 2023.... 120,732
e Excess from 2024.... 37,866
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).)
JANE C MACELREE
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

ACADEMY OF NATURAL SCIENCES OF PHILA

1900 BENJAMIN FRANKLIN PKWY
PHILADELPHIA,PA19103 		N/A PC GENERAL FUND 25,000

ARC OF CHESTER COUNTY - VENDOR

900 LAWRENCE DRIVE
WEST CHESTER,PA19380 		N/A PC GENERAL FUND 7,500

AT HOME

PO BOX 1184
BLUE HILLS,ME04614 		N/A PC GENERAL FUND 200

BAGADUCE MUSIC LENDING LIBRARY

5 MUSIC LIBRARY LANE
BLUE HILLS,ME04614 		N/A PC GENERAL FUND 3,250

BAKER INDUSTRIES

184 PENNSYLVANIA AVENUE
MALVERN,PA19355 		N/A PC GENERAL FUND 500

BEAVER COUNTRY DAY SCHOOL

791 HAMMOND STREET
CHESTNUT HILL,MA02467 		N/A PC GENERAL FUND 2,000

BIGELOW LABORATORY FOR OCEAN SCIENCES

60 BIGELOW DRIVE PO BOX 380
EAST BOOTHBAY,ME04544 		N/A PC GENERAL FUND 15,000

BROOKSVILLE EDUCATION FOUNDATION

PO BOX 277
BROOKSVILLE,ME04617 		N/A PC GENERAL FUND 100

BROOKSVILLE FREE PUBLIC LIBRARY

PO BOX 38
BROOKSVILLE,ME04617 		N/A PC GENERAL FUND 1,000

BROOKSVILLE VOLUNTEER FIRE DEPT ASSN

1 TOWN HOUSE RD
BROOKSVILLE,ME04617 		N/A PC GENERAL FUND 5,000

BRYN MAWR HOSPITAL FOUNDATION

130 S BRYN MAWR AVENUE
BRYN MAWR,PA19010 		N/A PC GENERAL FUND 1,000

CHESAPEAKE BAY FOUNDATION

SIX HERNDON AVENUE
ANNAPLIS,MD21403 		N/A PC GENERAL FUND 1,000

CHESTER COUNTY COMMUNITY FDN - VENDOR

THE LINCOLN BUILDING 28 W MARKET
STREET
WEST CHESTER,PA19382 		N/A PC GENERAL FUND 2,500

CHESTER COUNTY FOOD BANK

650 PENNSYLVNIA DRIVE
EXTON,PA19341 		N/A PC GENERAL FUND 10,000

CHESTER COUNTY HISTORICAL SOCIETY -VENDOR

225 NORTH HIGH STREET
WEST CHESTER,PA19380 		N/A PC GENERAL FUND 1,000

CHESTNUT HILL SCHOOL

428 HAMMOND ST
CHESTNUT HILL,MA02467 		N/A PC GENERAL FUND 1,000

CHILDREN'S HOSPITAL OF PHILA FOUNDATION

3401 CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		N/A PC GENERAL FUND 30,000

COHASSET HISTORIAL SOCIETY

PO BOX 627
COHASSET,MA02025 		N/A PC GENERAL FUND 8,500

COMMUNITY VOLUNTEERS IN MEDICINE INC

300 B LAWRENCE DR
WEST CHESTER,PA19380 		N/A PC GENERAL FUND 25,000

COVENANT HOUSE

461 EIGHTH AVENUE
NEW YORK,NY10001 		N/A PC GENERAL FUND 100

DELAWARE RIVER KEEPERS - VENDOR

925 CANAL STREET SUITE 3701
BRISTOL,PA19007 		N/A PC GENERAL FUND 100

DEVON HORSE SHOW FOUNDATION

PO BOX 865
DEVON,PA19333 		N/A PC GENERAL FUND 1,000

DOCTORS WITHOUT BORDERS

40 RECTOR ST 16TH FLOOR
NEW YORK,NY10006 		N/A PC GENERAL FUND 10,000

DOMESTIC VIOLENCE CENTER OF CHESTER CTY

PO BOX 832
WEST CHESTER,PA19381 		N/A PC GENERAL FUND 10,000

DRESSAGE FOUNDATION INC

1314 O STREET - STE 305
LINCOLN,NE68508 		N/A PC GENERAL FUND 1,000

EDUCATING COMMUNITIES FOR PARENTING-VEND

919 WALNUT STREET - 10TH FLOOR
PHILADELPHIA,PA19107 		N/A PC GENERAL FUND 5,000

EPISCOPAL ACADEMY

1785 BISHOP WHITE DRIVE
NEWTON SQUARE,PA19073 		N/A PC GENERAL FUND 1,000

EPISCOPAL COMMUNITY SERVICES - VENDOR

225 S 3RD STREET
PHILADELPHIA,PA19106 		N/A PC GENERAL FUND 25,000

FRANKLIN INSTITUTE - VENDOR

222 NORTH 20TH STREET
PHILADELPHIA,PA19103 		N/A PC GENERAL FUND 1,000

FRENCH AMERICAN INTERNATIONAL SCHOOL

150 OAK STREET
SAN FRANCISCO,CA94102 		N/A PC GENERAL FUND 500

FRIENDS OF ACADIA - VENDOR

PO BOX 45
BAR HARBOR,ME04609 		N/A PC GENERAL FUND 500

FRIENDS OF HOLBROOK ISLAND

PO BOX 244
BROOKSVILLE,ME04617 		N/A PC GENERAL FUND 1,000

GEORGE STEVENS ACADEMY

23 UNION STREET
BLUE HILLS,ME04614 		N/A PC GENERAL FUND 500

GUIDE DOG FOUNDATION FOR THE BLIND-VENDOR

371 E MAINE STREET JERICHO TRPK
SMITHTOWN,NY11787 		N/A PC GENERAL FUND 1,000

HAMPSHIRE COLLEGE TRUSTEES

893 WEST STREET
AMHERST,MA01222 		N/A PC GENERAL FUND 1,000

HEALTHNETWORK FOUNDATION

3550 LANDER ROAD
CLEVELAND,OH44124 		N/A PC GENERAL FUND 5,000

HMS SCHOOL - VENDOR

4400 BALTIMORE AVENUE
PHILADELPHIA,PA19104 		N/A PC GENERAL FUND 1,000

HOBART AND WILLIAM SMITH COLLEGES

300 PULTENEY STREET
GENEVA,NY14456 		N/A PC GENERAL FUND 1,000

HOPEPHL

325 N 39TH ST
PHILADELPHIA,PA19104 		N/A PC GENERAL FUND 1,000

INTERNATIONAL RESCUE COMMITTEE - VENDOR

PO BOX 6068
ALBERT LEA,MN56007 		N/A PC GENERAL FUND 1,000

INTL WALDENSTROM'S MACROGLOBULINEMIA FDN

6144 CLARK CENTER AVENUE
SARASOTA,FL34238 		N/A PC GENERAL FUND 1,000

ISLAND INSTITUTE

386 MAIN ST PO BOX 648
ROCKLAND,ME04841 		N/A PC GENERAL FUND 500

ISLAND SCHOOL - CAPE ELEUTHERA FOUNDATION

PO BOX 842484
BOSTON,MA02284 		N/A PC GENERAL FUND 1,000

JANE GOODALL INSTITUTE - VENDOR

1595 SPRING HILL ROAD - 550
VIENNA,VA22182 		N/A PC GENERAL FUND 1,000

JENKINS ARBORETUM & GARDENS - VENDOR

631 BERWYN BAPTIST ROAD
DEVON,PA19333 		N/A PC GENERAL FUND 500

JOHN BARTRAM ASSOCIATION

5400 LINDBERGH BLVD
PHILADELPHIA,PA19143 		N/A PC GENERAL FUND 1,000

MAIN LINE ANIMAL RESCUE - VENDOR

PO BOX 89
CHESTER SPRINGS,PA19425 		N/A PC GENERAL FUND 1,000

MAINE COAST HERITAGE TRUST

1 BOWDOIN MILL ISLAND - SUITE 201
TOPSHAM,ME04086 		N/A PC GENERAL FUND 1,000

MALVERN FIRE COMPANY

424 EAST KING STREET
MALVERN,PA19355 		N/A PC GENERAL FUND 500

MASSACHUSETTS GENERAL HOSP- FOR MGH FUND

125 NASHUA STREET - STE 540
BOSTON,MA02114 		N/A PC GENERAL FUND 500

MATERNAL & CHILD HEALTH CONSORTIUM - VEND

30 WEST BARNARD STREET SUITE 1
WEST CHESTER,PA19382 		N/A PC GENERAL FUND 5,000

NATURAL LANDS TRUST

HILDACY PRESERVE 1031 PALMERS MILL
ROAD
MEDIA,PA19063 		N/A PC GENERAL FUND 5,000

NATURAL RESOURCES COUNCIL OF MAINE

3 WADE STREET
AUGUSTA,ME04330 		N/A PC GENERAL FUND 25,000

NEWTOWN SQUARE FIRE COMPANY NO 1 INC

8 N NEWTOWN STREET ROAD
NEWTON SQUARE,PA19073 		N/A PC GENERAL FUND 200

NICHOLAS R MACELREE SCHOLARSHIP FUND

C/O CHESTER COUNTY COMMUNITY
FOUNDATION 28 WEST MARKET STREET
WEST CHESTER,PA19382 		N/A PC GENERAL FUND 1,000

OXFAM - VENDOR

226 CAUSEWAY STREET FLOOR 5
BOSTON,MA02114 		N/A PC GENERAL FUND 1,000

PAOLI HOSPITAL FOUNDATION

255 WEST LANCASTER AVENUE MOB 3 -
SUITE 231
PAOLI,PA19301 		N/A PC GENERAL FUND 2,500

PARK SCHOOL CORPORATION

171 GODDARD AVENUE
BROOKLINE,MA02445 		N/A PC GENERAL FUND 1,000

PENINSULA AMBULANCE CORPS

POBOX 834
BLUE HILLS,ME04614 		N/A PC GENERAL FUND 500

PENNSYLVANIA ACADEMY OF FINE ARTS - VEND

128 NORTH BROAD STREET
PHILADELPHIA,PA19102 		N/A PC GENERAL FUND 1,000

PENNSYLVANIA HORTICULTURAL SOCIETY - VEND

100 NORTH 20TH STREET - 5TH FLOOR
PHILADELPHIA,PA19103 		N/A PC GENERAL FUND 2,500

PENNSYLVANIA SCHOOL FOR THE DEAF

100 W SCHOOL HOUSE LANE
PHILADELPHIA,PA19144 		N/A PC GENERAL FUND 1,000

PHILABUNDANCE - VENDOR

PO BOX 25822
LEHIGH VALLEY,PA18002 		N/A PC GENERAL FUND 5,000

PHILADELPHIA MUSEUM OF ART - VENDOR

PO BOX 7646
PHILADELPHIA,PA19101 		N/A PC GENERAL FUND 1,000

PHILADELPHIA ZOO

3400 WEST GIRARD AVENUE
PHILADELPHIA,PA19104 		N/A PC GENERAL FUND 5,000

PHILLY HOUSE - VENDOR

302 NORTH THIRTEENTH STREET
PHILADELPHIA,PA19107 		N/A PC GENERAL FUND 3,000

PLANNED PARENTHOOD OF SE PA - VENDOR

1144 LOCUST STREET
PHILADELPHIA,PA19107 		N/A PC GENERAL FUND 20,000

PROJECT HOME - VENDOR

1515 FAIRMOUNT AVENUE
PHILADELPHIA,PA19130 		N/A PC GENERAL FUND 1,000

RADNOR HUNT HORSE TRIALS

826 PROVIDENCE RD
MALVERN,PA19355 		N/A PC GENERAL FUND 1,000

SAINT ALBAN'S CHURCH

3625 CHAPEL ROAD
NEWTON SQUARE,PA19073 		N/A PC GENERAL FUND 2,000

SMILE TRAIN - VENDOR

PO BOX 96246
WASHINGTON,DC20090 		N/A PC GENERAL FUND 1,000

SPECIAL OLYMPICS PENNSYLVANIA

PO BOX 3010
NORRISTOWN,PA19404 		N/A PC GENERAL FUND 300

ST GEORGE'S SCHOOL

372 PURGATORY ROAD
MIDDLETOWN,RI02842 		N/A PC GENERAL FUND 500

ST JUDE RESEARCH HOSPITAL - VENDOR

501 ST JUDE PLACE
MEMPHIS,TN37105 		N/A PC GENERAL FUND 500

ST TIMOTHY'S - VENDOR

8400 GREENSPRING AVENUE
STEVENSON,MD21153 		N/A PC GENERAL FUND 1,000

STROUD WATER RESEARCH CENTER

970 SPENCER ROAD
AVONDALE,PA19311 		N/A PC GENERAL FUND 10,000

THE CAMBRIDGE SCHOOL OF WESTON

45 GEORGIAN ROAD
WESTON,MA02493 		N/A PC GENERAL FUND 2,000

THE FLOWER SHOP

MASSACHUSETTS GENERAL HOSPITAL
FRUIT STREET
BOSTON,MA02114 		N/A PC GENERAL FUND 6,630

THE FUND FOR WOMEN & GIRLS

113 E EVANS STREET SUITE A
WEST CHESTER,PA19380 		N/A PC GENERAL FUND 10,000

THE JACKSON LABORATORY

PO BOX 254
BAR HARBOR,ME04609 		N/A PC GENERAL FUND 5,000

THE LIFEFLIGHT FOUNDATION

PO BOX 899
CAMDEN,ME04843 		N/A PC GENERAL FUND 500

THE MORRIS ARBORETUM

OFFICE OF DEVELOPMENT 100 E
NORTHWESTERN AVENUE
PHILADELPHIA,PA19118 		N/A PC GENERAL FUND 25,000

THE SEEING EYE INC

PO BOX 375
MORRISTOWN,NJ07963 		N/A PC GENERAL FUND 200

THERAPEUTIC RIDERS DIV - DEVON HORSE SHOW

PO BOX 865
DEVON,PA19333 		N/A PC GENERAL FUND 2,500

THORNCROFT EQUESTRIAN CENTER

190 LINE ROAD
MALVERN,PA19355 		N/A PC GENERAL FUND 5,000

TRI-STATE BIRD RESCUE & RESEARCH

170 POSSUM HOLLOW ROAD
NEWARK,DE19711 		N/A PC GENERAL FUND 1,000

TRUSTEES OF THE UNIV OF PENNSYLVANIA

F/B/O NEW BOLTON CENTER 2929 WALNUT
STREET
PHILADELPHIA,PA19103 		N/A PC GENERAL FUND 15,000

UNITED STATE EQUESTRIAN TEAM FDN - VENDOR

PO BOX 355
GLADSTONE,NJ07934 		N/A PC GENERAL FUND 5,000

WEST CHESTER AREA SENIOR CENTER

530 E UNION STREET
WEST CHESTER,PA19382 		N/A PC GENERAL FUND 5,000

WEST PHILADELPHIA ALLIANCE FOR CHILDREN

5070 PARKSIDE AVENUE
PHILADELPHIA,PA19131 		N/A PC GENERAL FUND 1,000

WILLISTOWN CONSERVATION TRUST INC

925 PROVIDENCE ROAD
NEWTOWN SQUARE,PA19073 		N/A PC GENERAL FUND 1,000

WILLISTOWN FRIENDS MEETING - VENDOR

PO BOX 534
EDGEONT,PA19028 		N/A PC GENERAL FUND 1,000

WINSOR SCHOOL INC

103 PILGRIM ROAD-1412
BOSTON,MA02215 		N/A PC GENERAL FUND 1,000

WOMEN'S MEDICAL FUND

PO BOX 248
MADISON,WI53701 		N/A PC GENERAL FUND 15,000

WOMENS WAY

123 S BROAD STREET
PHILADELPHIA,PA19109 		N/A PC GENERAL FUND 1,000
Total .................................right arrow 3a 415,080
bApproved for future payment
Total ................................. right arrow 3b 0
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 2,738  
4 Dividends and interest from securities ....     14 158,821  
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 ............ 		    18 139,058  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 300,617 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
300,617
(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
MACELREE FAMILY FOUNDATION
 
Employer identification number

04-3255230
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
MACELREE FAMILY FOUNDATION
  		Employer identification number
04-3255230
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
JANE MACELREE
7080 GOSHEN ROAD
 
NEWTOWN SQUARE, MA19073

$ 396,479


(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
MACELREE FAMILY FOUNDATION
  		Employer identification number

04-3255230
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
 871 SHARES OF BERKSHIRE HATHAWAY $ 396,479 2024-12-16
(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
MACELREE FAMILY FOUNDATION
  		Employer identification number

04-3255230
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 InvestmentsCorpStockSchedule
Name:
MACELREE FAMILY FOUNDATION
EIN:
04-3255230
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCKS 5,646,783 8,372,201

TY 2024 OtherExpensesSchedule
Name:
MACELREE FAMILY FOUNDATION
EIN:
04-3255230
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSE 27,533 27,533   0
TAX PREPARATION FEES 8,000 0   0


TY 2024 OtherIncreasesSchedule
Name:
MACELREE FAMILY FOUNDATION
EIN:
04-3255230
Description Amount
BASIS ADJUSTMENT FOR INVESTMENTS 2,005


TY 2024 SubstantialContributorsSch
Name:
MACELREE FAMILY FOUNDATION
EIN:
04-3255230
Name Address
JANE MACELREE 7080 GOSHEN ROAD
NEWTOWN SQUARE,PA19073


TY 2024 TaxesSchedule
Name:
MACELREE FAMILY FOUNDATION
EIN:
04-3255230
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 2,076 2,076   0
STATE FILING FEE 250 0   0
FEDERAL TAX PAYMENTS 5,509 0   0