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
VAN STRUM FOUNDATION 8833023
 
Number and street (or P.O. box number if mail is not delivered to street address)901 SOUTH BOND STREET STE 400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BALTIMORE, MD21231
A Employer identification number

94-2870047
B Telephone number (see instructions)

(443) 873-5262
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$7,771,077J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 122,109 120,749  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 445,882
b Gross sales price for all assets on line 6a 1,686,371
7 Capital gain net income (from Part IV, line 2)... 445,882
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).......      
12 Total. Add lines 1 through 11........ 567,991 566,631  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,000     6,000
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
1,167 0 0 1,167
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
38,661 38,661   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,527 2,161   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
100     100
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 58,455 40,822 0 7,267
25 Contributions, gifts, grants paid....... 387,000 387,000
26 Total expenses and disbursements. Add lines 24 and 25 445,455 40,822 0 394,267
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 122,536
b Net investment income (if negative, enter -0-) 525,809
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 348,837 189,871 189,871
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)....... 3,410,359 Click to see attachment
List of Attached Documents:
// Content
3,691,885 		6,617,033
c Investments—corporate bonds (attach schedule)....... 1,079,218 Click to see attachment
List of Attached Documents:
// Content
1,079,218 		964,173
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) 4,838,414 4,960,974 7,771,077
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........ 4,838,414 4,960,974
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,838,414 4,960,974
30 Total liabilities and net assets/fund balances (see instructions). 4,838,414 4,960,974
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
4,838,414
2
Enter amount from Part I, line 27a .....................
2
122,536
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
24
4
Add lines 1, 2, and 3 ..........................
4
4,960,974
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
4,960,974
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 156. BANK OF AMERICA CORPORATION   2016-12-20 2024-01-02
b 111. BANK OF AMERICA CORPORATION   2016-12-20 2024-01-02
c 21. NETFLIX INC   2022-07-27 2024-01-02
d 34. AMAZON.COM INC   2014-12-29 2024-01-03
e 147. BANK OF AMERICA CORPORATION   2016-12-20 2024-01-03
19. NETFLIX INC   2022-07-27 2024-01-03
58. VISA INC COM CL A   2013-07-31 2024-01-03
17. INTUITIVE SURGICAL INC   2014-03-18 2024-01-04
24. ACCENTURE PLC IRELAND SHS CLASS A   2013-06-28 2024-01-04
10. ACCENTURE PLC IRELAND SHS CLASS A   2013-06-28 2024-01-04
1. ACCENTURE PLC IRELAND SHS CLASS A   2013-06-28 2024-01-05
27. ACCENTURE PLC IRELAND SHS CLASS A   2013-06-28 2024-01-05
14. ACCENTURE PLC IRELAND SHS CLASS A   2013-06-28 2024-01-08
55. KKR CO INC A   2018-07-16 2024-01-10
44. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR   2018-07-03 2024-01-10
40. AMERIPRISE FINL INC   2014-03-03 2024-01-12
37639.431 BROWN ADVISORY EQUITY IN COME INV   2019-12-16 2024-01-12
20. INTUIT INC.   2020-03-24 2024-01-12
182. KKR CO INC A   2018-07-13 2024-01-12
100. ECOLAB INC   2016-02-24 2024-01-23
59. APPLE COMPUTER INC.   2007-05-31 2024-01-25
4. BOOKING HOLDINGS INC COM   2016-01-22 2024-01-30
372. UNILEVER PLC   2014-10-29 2024-01-30
273. NIKE INC   2014-07-08 2024-02-05
57. UBER TECHNOLOGIES INC   2023-06-05 2024-02-06
288. AVANTOR INC COM   2022-02-11 2024-02-16
296. AVANTOR INC COM   2022-07-01 2024-02-20
552. AVANTOR INC COM   2023-01-18 2024-02-21
134. EDWARDS LIFESCIENCES CORP   2022-11-09 2024-02-21
24. AMERIPRISE FINL INC   2014-03-03 2024-02-28
69. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR   2018-07-03 2024-02-28
24. AMERIPRISE FINL INC   2014-03-03 2024-03-13
15. INTUIT INC.   2020-03-24 2024-03-13
20. UNITEDHEALTH GROUP INC   2024-02-21 2024-03-13
47. GE VERNOVA INC COM   2023-11-16 2024-04-02
.5 GE VERNOVA INC COM   2023-09-26 2024-04-16
5. AMERIPRISE FINL INC   2014-03-03 2024-04-18
15. INTUIT INC.   2020-03-24 2024-04-18
64. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR   2018-07-03 2024-04-18
1. UNITEDHEALTH GROUP INC   2024-02-21 2024-04-18
18. UNITEDHEALTH GROUP INC   2017-11-21 2024-04-18
52. PINTEREST INC CL A   2021-06-02 2024-04-24
110. PINTEREST INC CL A   2021-07-30 2024-04-24
75. PINTEREST INC CL A   2021-05-14 2024-04-25
88. PINTEREST INC CL A   2021-10-08 2024-04-25
90. PINTEREST INC CL A   2021-10-08 2024-04-26
36. PINTEREST INC CL A   2021-10-07 2024-04-26
132. SBA COMMUNICATIONS CORP   2022-10-28 2024-04-26
263. EDWARDS LIFESCIENCES CORP   2023-12-05 2024-05-03
81. EDWARDS LIFESCIENCES CORP   2022-11-09 2024-05-03
32. GE AEROSPACE   2023-11-16 2024-05-03
238. HEALTHEQUITY INC   2024-01-23 2024-05-03
80. ROPER INDUSTRIES INC NEW   2024-01-12 2024-05-03
39. SBA COMMUNICATIONS CORP   2016-11-17 2024-05-06
32. UNITEDHEALTH GROUP INC   2017-11-21 2024-05-06
38. AMERICAN INTERNATIONAL GROUP   2024-01-05 2024-05-08
66. CONSTELLATION ENERGY CORP COM   2023-12-20 2024-05-08
26. INTUIT INC.   2020-03-24 2024-05-08
87. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR   2018-07-05 2024-05-08
94. SCHLUMBERGER LTD.   2023-07-07 2024-05-15
110. BANK OF AMERICA CORPORATION   2014-03-13 2024-06-13
225. COSTAR GROUP   2024-02-28 2024-06-17
635. DYNATRACE INC   2024-03-13 2024-06-25
398. DYNATRACE INC   2020-12-15 2024-06-25
7. META PLATFORMS INC CLASS A COMMON STOCK   2022-10-25 2024-07-12
8. AMERIPRISE FINL INC   2016-02-01 2024-07-17
48. BLACKSTONE GROUP INC CLASS A   2020-03-12 2024-07-17
11. AMERIPRISE FINL INC   2016-02-19 2024-07-23
39. AMERIPRISE FINL INC   2020-04-03 2024-07-31
32. BERKSHIRE HATHAWAY INC CL B   2024-01-04 2024-07-31
260. SCHLUMBERGER LTD.   2023-07-07 2024-07-31
. PROCEEDS FROM SECURITIES LITIGATION     2024-08-22
. PROCEEDS FROM SECURITIES LITIGATION     2024-08-22
6. BOOKING HOLDINGS INC COM   2016-01-22 2024-08-27
20. INTUITIVE SURGICAL INC   2014-03-18 2024-08-27
10. AMERIPRISE FINL INC   2016-02-19 2024-09-06
20. AMERIPRISE FINL INC   2016-02-19 2024-09-09
13. AMERIPRISE FINL INC   2016-02-19 2024-09-10
269. MICRON TECHNOLOGY INC   2024-08-27 2024-09-10
465. SCHLUMBERGER LTD.   2023-12-14 2024-09-12
975. SCHLUMBERGER LTD.   2023-07-07 2024-09-12
45. CONSTELLATION ENERGY CORP COM   2024-09-12 2024-09-24
32. DANAHER CORP   2012-06-26 2024-09-24
466. SCHLUMBERGER LTD.   2024-09-24 2024-09-27
8. BERKSHIRE HATHAWAY INC CL B   2014-03-13 2024-10-04
31. CARRIER GLOBAL CORPORATION COM   2024-05-06 2024-10-04
50. MERCK CO INC   2021-02-19 2024-10-04
28. MERCK CO INC   2010-10-14 2024-10-04
47. MERCK CO INC   2010-10-14 2024-10-07
320. ALPHABET INC CL A   2009-06-25 2024-10-08
30. MERCK CO INC   2010-10-14 2024-10-08
1. ADOBE SYS INCORP   2024-04-17 2024-10-17
4. AGILENT TECHNOLOGIES INC   2023-06-23 2024-10-17
2. ALIGN TECHNOLOGY INC   2023-11-15 2024-10-17
8. ALPHABET INC CL C   2015-02-12 2024-10-17
6. ALPHABET INC CL A   2009-05-06 2024-10-17
8. AMAZON.COM INC   2021-08-02 2024-10-17
6. AMERICAN INTERNATIONAL GROUP   2024-06-13 2024-10-17
3. ANALOG DEVICES INC   2020-03-12 2024-10-17
2. ELEVANCE HEALTH INC COM   2018-05-09 2024-10-17
6. APPLE COMPUTER INC.   2007-05-31 2024-10-17
3. AUTODESK INC   2024-06-18 2024-10-17
8. BANK OF AMERICA CORPORATION   2014-03-13 2024-10-17
3. BERKSHIRE HATHAWAY INC CL B   2014-03-13 2024-10-17
2. BLACKSTONE GROUP INC CLASS A   2020-03-12 2024-10-17
1. BOOKING HOLDINGS INC COM   2015-01-12 2024-10-17
3. BRIGHT HORIZONS FAMILY SOLUT   2021-12-30 2024-10-17
3. CANADIAN NATL RAILWAY CO   2024-05-06 2024-10-17
5. CARMAX INC   2016-01-07 2024-10-17
6. CARRIER GLOBAL CORPORATION COM   2024-05-06 2024-10-17
2. DANAHER CORP   2024-01-04 2024-10-17
11. EDWARDS LIFESCIENCES CORP   2023-09-22 2024-10-17
3. META PLATFORMS INC CLASS A COMMON STOCK   2016-09-23 2024-10-17
3. FERGUSON PLC NEW COMMON STOCK NEW   2023-10-12 2024-10-17
3. FISERV INC   2024-06-13 2024-10-17
2. GE AEROSPACE   2023-09-28 2024-10-17
2. ILLUMINA INC COM   2024-10-04 2024-10-17
1. INTUIT INC.   2023-03-02 2024-10-17
14. KKR CO INC A   2022-11-07 2024-10-17
1. LOWES COS INC   2014-03-13 2024-10-17
4. MASTERCARD INC   2014-03-05 2024-10-17
7. MICROSOFT CORP.   2008-05-11 2024-10-17
3. PROGRESSIVE CORP   2023-07-14 2024-10-17
2. SBA COMMUNICATIONS CORP   2023-05-18 2024-10-17
5. TJX COS INC   2021-10-28 2024-10-17
3. T MOBILE US INC   2022-08-12 2024-10-17
7. TAIWAN SEMICONDUCTOR MFG CO LTD SPONSORED ADR   2024-01-25 2024-10-17
7. UBER TECHNOLOGIES INC   2024-07-12 2024-10-17
1. UNITED RENTALS INC   2015-07-24 2024-10-17
2. UNITEDHEALTH GROUP INC   2024-01-25 2024-10-17
6. VISA INC COM CL A   2013-07-31 2024-10-17
2. WORKDAY INC   2024-09-09 2024-10-17
30. AMER SPORTS INC COM   2024-02-28 2024-10-17
24. NOMAD FOODS LTD   2020-12-10 2024-10-17
286. MERCK CO INC   2023-12-11 2024-11-12
375. MERCK CO INC   2022-09-02 2024-11-12
25. AMER SPORTS INC COM   2024-02-28 2024-11-15
96. AMER SPORTS INC COM   2024-03-05 2024-11-18
50. AMER SPORTS INC COM   2024-03-05 2024-11-18
24. SBA COMMUNICATIONS CORP   2023-05-18 2024-11-19
28. SBA COMMUNICATIONS CORP   2018-02-16 2024-11-20
19. SBA COMMUNICATIONS CORP   2018-06-08 2024-11-21
15. SBA COMMUNICATIONS CORP   2018-06-13 2024-11-22
14. BERKSHIRE HATHAWAY INC CL B   2024-01-03 2024-12-03
11. DANAHER CORP   2012-06-26 2024-12-03
8. INTUITIVE SURGICAL INC   2014-03-18 2024-12-03
18. T MOBILE US INC   2023-01-04 2024-12-03
. PROCEEDS FROM SECURITIES LITIGATION     2024-12-06
52. ADOBE SYS INCORP   2024-04-26 2024-12-17
55. ADOBE SYS INCORP   2016-09-02 2024-12-17
1. AMER SPORTS INC COM   2024-12-05 2024-12-18
26. AMER SPORTS INC COM   2024-12-05 2024-12-18
2. AMER SPORTS INC COM   2024-12-05 2024-12-19
26. AMER SPORTS INC COM   2024-12-05 2024-12-20
11. AMER SPORTS INC COM   2024-12-05 2024-12-20
8. AMER SPORTS INC COM   2024-12-05 2024-12-24
8. AMER SPORTS INC COM   2024-12-05 2024-12-26
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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 5,274   3,605 1,669
b 3,756   2,515 1,241
c 9,783   4,665 5,118
d 5,070   530 4,540
e 4,915   2,661 2,254
8,948   4,220 4,728
14,993   2,551 12,442
5,527   809 4,718
8,105   1,728 6,377
3,392   720 2,672
339   72 267
9,103   1,943 7,160
4,748   1,008 3,740
4,461   1,462 2,999
4,518   1,605 2,913
15,066   4,288 10,778
436,422   508,643 -72,221
12,258   4,124 8,134
14,954   4,820 10,134
20,067   10,684 9,383
11,438   256 11,182
14,189   4,514 9,675
18,237   13,865 4,372
27,233   10,650 16,583
4,001   2,285 1,716
6,826   10,686 -3,860
7,078   9,753 -2,675
13,244   12,818 426
11,590   9,551 2,039
9,906   2,573 7,333
8,806   2,518 6,288
9,969   2,573 7,396
9,880   3,093 6,787
9,747   10,411 -664
6,583   4,371 2,212
65   46 19
2,068   536 1,532
9,253   3,093 6,160
8,488   2,335 6,153
486   521 -35
8,750   3,822 4,928
1,706   3,327 -1,621
3,606   6,655 -3,049
2,330   4,304 -1,974
2,855   4,946 -2,091
3,068   4,673 -1,605
1,221   1,866 -645
25,994   23,655 2,339
22,549   18,076 4,473
6,945   5,773 1,172
5,247   2,971 2,276
18,595   17,857 738
41,409   42,657 -1,248
7,560   3,915 3,645
15,796   6,795 9,001
3,044   2,622 422
13,661   7,634 6,027
16,416   5,361 11,055
12,378   3,161 9,217
4,544   5,008 -464
4,313   1,917 2,396
16,432   19,449 -3,017
27,620   29,827 -2,207
17,312   15,727 1,585
3,512   935 2,577
3,371   703 2,668
6,460   1,660 4,800
4,634   933 3,701
16,866   3,769 13,097
14,059   11,673 2,386
12,543   13,851 -1,308
45     45
13     13
23,265   6,645 16,620
9,646   952 8,694
4,300   828 3,472
8,724   1,655 7,069
5,635   1,076 4,559
23,011   28,486 -5,475
18,477   24,125 -5,648
38,742   49,670 -10,928
11,517   8,577 2,940
8,794   1,099 7,695
19,504   20,064 -560
3,673   999 2,674
2,500   1,983 517
5,478   1,916 3,562
3,072   993 2,079
5,147   1,667 3,480
52,136   3,285 48,851
3,252   1,064 2,188
499   474 25
553   477 76
436   410 26
1,323   220 1,103
983   61 922
1,510   1,333 177
472   444 28
692   272 420
874   443 431
1,395   26 1,369
873   730 143
343   138 205
1,397   375 1,022
343   68 275
4,387   1,030 3,357
392   379 13
343   376 -33
375   235 140
491   384 107
546   464 82
754   767 -13
1,739   384 1,355
611   505 106
594   445 149
385   178 207
287   283 4
610   401 209
1,948   731 1,217
282   49 233
2,056   313 1,743
2,925   163 2,762
757   351 406
492   462 30
587   326 261
666   422 244
1,467   818 649
563   510 53
840   64 776
1,134   982 152
1,743   264 1,479
488   510 -22
556   482 74
427   605 -178
28,217   29,880 -1,663
36,998   32,846 4,152
484   402 82
1,888   1,541 347
984   802 182
5,272   4,558 714
6,132   4,704 1,428
4,162   3,072 1,090
3,318   2,347 971
6,597   5,073 1,524
2,647   373 2,274
4,315   381 3,934
4,410   2,498 1,912
102     102
23,687   26,703 -3,016
25,054   5,362 19,692
29   23 6
739   598 141
56   46 10
731   598 133
310   253 57
230   184 46
231   184 47
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
      117,127
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,669
b       1,241
c       5,118
d       4,540
e       2,254
      4,728
      12,442
      4,718
      6,377
      2,672
      267
      7,160
      3,740
      2,999
      2,913
      10,778
      -72,221
      8,134
      10,134
      9,383
      11,182
      9,675
      4,372
      16,583
      1,716
      -3,860
      -2,675
      426
      2,039
      7,333
      6,288
      7,396
      6,787
      -664
      2,212
      19
      1,532
      6,160
      6,153
      -35
      4,928
      -1,621
      -3,049
      -1,974
      -2,091
      -1,605
      -645
      2,339
      4,473
      1,172
      2,276
      738
      -1,248
      3,645
      9,001
      422
      6,027
      11,055
      9,217
      -464
      2,396
      -3,017
      -2,207
      1,585
      2,577
      2,668
      4,800
      3,701
      13,097
      2,386
      -1,308
      45
      13
      16,620
      8,694
      3,472
      7,069
      4,559
      -5,475
      -5,648
      -10,928
      2,940
      7,695
      -560
      2,674
      517
      3,562
      2,079
      3,480
      48,851
      2,188
      25
      76
      26
      1,103
      922
      177
      28
      420
      431
      1,369
      143
      205
      1,022
      275
      3,357
      13
      -33
      140
      107
      82
      -13
      1,355
      106
      149
      207
      4
      209
      1,217
      233
      1,743
      2,762
      406
      30
      261
      244
      649
      53
      776
      152
      1,479
      -22
      74
      -178
      -1,663
      4,152
      82
      347
      182
      714
      1,428
      1,090
      971
      1,524
      2,274
      3,934
      1,912
      102
      -3,016
      19,692
      6
      141
      10
      133
      57
      46
      47
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 445,882
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 7,309
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 7,309
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 7,309
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 7,524
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 7,524
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 215
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow215 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
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowLAURA BLEWETT Telephone no.right arrow (919) 388-5353

Located atright arrow713 ALLFORTH PLACECARYNC ZIP+4right arrow27519
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
STEVENS VAN STRUM PRESIDENT
1 		0    
PO BOX 5876
EUGENE,OR04843
LAURA H BLEWETT SECRETARY
1 		1,000    
713 ALLFORTH PLACE
CARY,NC27519
CECILIA VAN STRUM NOBEL TRUSTEE
1 		1,000    
7718 BLOOMFIELD ROAD
EASTON,MD21601
ROBERT NOEL TRUSTEE
1 		4,000    
7718 BLOOMFIELD ROAD
EASTON,MD21601
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
7,259,374
b
Average of monthly cash balances.......................
1b
366,405
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
7,625,779
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
7,625,779
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
114,387
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,511,392
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
375,570
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
375,570
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
7,309
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
7,309
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
368,261
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
368,261
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
368,261
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
394,267
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
394,267
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 7 368,261
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 12,964
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 394,267
a Applied to 2023, but not more than line 2a 12,964
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..... 368,261
e Remaining amount distributed out of corpus 13,042
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 13,042
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) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		13,042
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 13,042
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).)
NONE
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.
NONE
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 THE ARTS MUSEUM

106 SOUTH STREET
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 7,500

MSCF FREDERICK DOUGLASS HONOR
SOCIETY
102 E DOVER STREET
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 5,000

ACADEMY OF ART

106 SOUTH ST
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 10,000

CHANNEL MARKER INC

8865 GLEBE PARK DR UNIT 1
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 25,000

HISTORICAL SOCIETY OF TALBOT COUNTY

30 S WASHINGTON ST
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 5,000

FOR ALL SEASONS

300 TALBOT STREET
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 20,000

MCKENZIE RIVER TRUST

725 W 1ST AVE
EUGENE,OR97402 		NONE PC PROGRAM SUPPORT 100,000

CARPE DIEM ARTS

9207 LONG BRANCH
SILVER SPRING,MD20901 		NONE PC PROGRAM SUPPORT 3,500

OJAI VALLEY SCHOOL

723 EL PASEO RD
OJAI,CA93023 		NONE PC PROGRAM SUPPORT 11,000

CARPE DIEM INC

5989 MEIJER DR STE 6
MILFORD,OH45150 		NONE PC PROGRAM SUPPORT 5,500

THE BERRY CENTER

PO BOX 582
NEW CASTLE,KY40050 		NONE PC PROGRAM SUPPORT 10,000

TALBOT INTERFAITH SHELTER

107 GOLDSBOROUGH ST
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 10,000

EASTON YMCA

202 PEACHBLOSSOM RD
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 2,500

ALLEGRO ACADEMY

114 N WASHINGTON ST
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 5,000

MODERN WARRIORS LIVE

PO BOX 5683
Cleveland,OH44101 		NONE PC PROGRAM SUPPORT 25,000

CHESAPEAKE BAY MARITIME MUSEUM

213 N TALBOT ST
ST MICHAELS,MD21663 		NONE PC SUPPORT FOR DISCRETION OF 10,000

TALBOT HOSPICE FOUNDATION INC

586 CYNWOOD DR
EASTON,MD21601 		NONE PC SUPPORT OF ORGANIZATION'S 5,000

CRITCHLOW ADKINS CHILDREN CENTER

11 MAGNOLIA ST PO BOX 2950
EASTON,MD21601 		NONE PC INITIATIVE AND OPERATING 30,000

SMITH COLLEGE

7 COLLEGE LANE
NORTHAMPTON,MA01063 		NONE PC SCHOLARSHIP FUND GRANT 42,000

MID ATLANTIC SYMPHONY ORCHESTRA

1810 N PHILADELPHIA AVENUE
OCEAN CITY,MD21842 		NONE PC SUPPORT OF ORGANIZATION'S 45,000

CHESAPEAKE MUSIC

PO BOX 461
EASTON,MD21601 		NONE PC PROGRAM SUPPORT 10,000
Total .................................right arrow 3a 387,000
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 ....     14 122,109  
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 ............ 		    18 445,882  
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) ..   567,991  
13Total. Add line 12, columns (b), (d), and (e)..................
13
567,991
(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

TY 2024 AccountingFeesSchedule
Name:
VAN STRUM FOUNDATION 8833023
EIN:
94-2870047
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 1,167     1,167

TY 2024 InvestmentsCorpBondsSchedule
Name:
VAN STRUM FOUNDATION 8833023
EIN:
94-2870047
Name of Bond End of Year Book Value End of Year Fair Market Value
FIXED INCOME MUTUAL FUNDS 1,079,218 964,173

TY 2024 InvestmentsCorpStockSchedule
Name:
VAN STRUM FOUNDATION 8833023
EIN:
94-2870047
Name of Stock End of Year Book Value End of Year Fair Market Value
COMMON STOCK 1,639,683 3,921,432
MUTUAL FUNDS 1,693,691 2,222,044
FOREIGN STOCK 358,511 473,557

TY 2024 OtherExpensesSchedule
Name:
VAN STRUM FOUNDATION 8833023
EIN:
94-2870047
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING FEES 100 0   100


TY 2024 OtherIncreasesSchedule
Name:
VAN STRUM FOUNDATION 8833023
EIN:
94-2870047
Description Amount
COST BASIS ADJUSTMENT 24


TY 2024 OtherProfessionalFeesSchedule
Name:
VAN STRUM FOUNDATION 8833023
EIN:
94-2870047
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES-PRIN 38,661 38,661    


TY 2024 TaxesSchedule
Name:
VAN STRUM FOUNDATION 8833023
EIN:
94-2870047
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 905 905   0
FEDERAL EXCISE TAX 2,842 0   0
QUARTERLY TAX DEPOSIT 7,524 0   0
FOREIGN TAXES ON QUALIFIED FOR 836 836   0
FOREIGN TAXES ON NONQUALIFIED 420 420   0