TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
MICHAEL W LOUIS CHARITABLE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)410 HUNT CLUB WAY
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAKE GENEVA, WI53147

A Employer identification number

81-3640917

B Telephone number (see instructions)

(262) 384-3700

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$13,887,109J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	742		742
4	Dividends and interest from securities...	843,001		659,421
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		340,816
b	Gross sales price for all assets on line 6a 2,103,136
7	Capital gain net income (from Part IV, line 2)...			340,816
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........	1,184,559		1,000,979
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).........	List of Attached Documents: // Content	12,820	12,820	0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	66,012	66,012	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	44,654	3,154	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	31,199	3,971	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	154,685		85,957	0
25	Contributions, gifts, grants paid.......	731,550			731,550
26	Total expenses and disbursements. Add lines 24 and 25	886,235		85,957	731,550
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	298,324
b	Net investment income (if negative, enter -0-)			915,022
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	304,877	202,407	202,407
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,964,940	List of Attached Documents: // Content 2,175,603	3,626,427
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,968,745	List of Attached Documents: // Content 5,158,910	10,058,275
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,238,562	7,536,920	13,887,109
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	5,952,332	5,952,332
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	1,286,230	1,584,588
	29	Total net assets or fund balances (see instructions).....	7,238,562	7,536,920
	30	Total liabilities and net assets/fund balances (see instructions).	7,238,562	7,536,920

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

7,238,562

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

298,324

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

List of Attached Documents:

// Content

5,398

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

7,542,284

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

5,364

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

7,536,920

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	(d) Date sold (mo., day, yr.)
1 a	MICHAEL W. LOUIS CO LONG TERM		2024-12-31
b	MWL HOLDINGS LP LONG TERM		2024-12-31
c	PUBLICLY TRADED SECURITIES #186		2024-12-31
d	PUBLICLY TRADED SECURITIES #258		2024-12-31
e	PUBLICLY TRADED SECURITIES #623		2024-12-31
	PUBLICLY TRADED SECURITIES #369		2024-12-31
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a		15	-15
b		43	-43
c	685,000	545,202	139,798
d	721,387	630,815	92,265
e	658,749	579,391	79,358
	9,844	8,547	1,297
	28,156		28,156

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			-15
b			-43
c			139,798
d			92,265
e			79,358
			1,297
			28,156

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	340,816
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	12,719
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	12,719
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	12,719
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	16,760
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	16,760
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	42
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,999
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax3,999	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

EOIN M DEMPSEY Telephone no. right arrow

(262) 384-3700

Located at right arrow

BELL ANDERSON LLC 410 HUNT CLUB WAYLAKE GENEVAWI ZIP+4 right arrow

53147

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

Yes

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

1a(4)

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)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
KIMBERLY C LOUIS STEWART	PRESIDENT 0.00	0	0	0
C/O 410 HUNT CLUB WAY LAKE GENEVA,WI53147	PRESIDENT 0.00	0	0	0
TRACY L MERRILL	VICE PRESIDENT 0.00	0	0	0
C/O 410 HUNT CLUB WAY LAKE GENEVA,WI53147	VICE PRESIDENT 0.00	0	0	0
JOHN JEFFRY LOUIS	VICE PRESIDENT 0.00	0	0	0
C/O 410 HUNT CLUB WAY LAKE GENEVA,WI53147	VICE PRESIDENT 0.00	0	0	0
EOIN M DEMPSEY	TREASURER/SECRETARY 0.00	0	0	0
C/O 410 HUNT CLUB WAY LAKE GENEVA,WI53147	TREASURER/SECRETARY 0.00	0	0	0

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


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









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

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

13,863,061

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

74,041

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

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

13,937,102

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

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

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

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

13,937,102

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

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

209,057

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

13,728,045

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

686,402

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

686,402

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

12,719

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

30,066

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

42,785

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

643,617

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

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

643,617

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

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

643,617

Part XI

Qualifying Distributions (see instructions)

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

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

731,550

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

731,550

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					643,617
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......	170,123
b From 2020......	117,267
c From 2021......	3,333
d From 2022......	30,221
e From 2023......
f Total of lines 3a through e ........		320,944
4Qualifying distributions for 2024 from Part
XI, line 4: $ 731,550
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.....					643,617
e Remaining amount distributed out of corpus		87,933
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		408,877
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) ...		170,123
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		238,754
10 Analysis of line 9:
a Excess from 2020....	117,267
b Excess from 2021....	3,333
c Excess from 2022....	30,221
d Excess from 2023....
e Excess from 2024....	87,933

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or 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)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
HALF MOON FOUNDATION 410 HUNT CLUB WAY LAKE GENEVA,WI53147		PF	GENERAL CONTRIBUTION	175,000
J JEFFRY & ELIZABETH S LOUIS FOUNDATION INC 410 HUNT CLUB WAY LAKE GENEVA,WI53147		PF	GENERAL CONTRIBUTION	175,000
LAKE OWEN ASSOCIATION INC PO BOX 132 CABLE,WI54821		501(C)(3)	GENERAL CONTRIBUTION	6,550
LOUIS STEWART FOUNDATION 410 HUNT CLUB WAY LAKE GENEVA,WI53147		PF	GENERAL CONTRIBUTION	175,000
NATIONAL LOUIS UNIVERSITY 122 S MICHIGAN AVENUE CHICAGO,IL60603		501(C)(3)	GENERAL CONTRIBUTION	200,000
Total ................................. 3a				731,550

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	742
4 Dividends and interest from securities ....			14	843,001
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	340,816
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		1,184,559	0

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

1,184,559

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 GeneralExplanationAttachment

Name:

MICHAEL W LOUIS CHARITABLE FOUNDATION

EIN:

81-3640917

Identifier	Return Reference	Explanation
	FORM 990PF, PART XV, LINE 3(A)- EXPENDITURE RESPONSIBILITY GRANTS	INFORMATION REQUIRED BY REGULATIONS TREAS. REG. SECTION 53,4945-5(D)THE MICHAEL W. LOUIS CHARITABLE FOUNDATION MADE GRANTS TO CERTAIN ORGANIZATIONS SUBJECT TO "EXPENDITURE RESPONSIBILITY". BELOW IS THE INFORMATION REQUIRED BY TREASURY REGULATION 53.4945-5(D) WITH RESPECT TO THESE 'EXPENDITURE RESPONSIBILITY" GRANTS:1. IN THE FISCAL YEAR 2024 THE MICHAEL W. LOUIS CHARITABLE FOUNDATION MADE A GRANT OF $175,000.00 TO THE HALF MOON FOUNDATION. ALL GRANT FUNDS HAVE BEEN EXPENDED. A. NAME AND ADDRESS: HALF MOON FOUNDATION 410 HUNT CLUB WAY LAKE GENEVA, WI 53147 B. DATE & AMOUNT OF GRANT: 2024; $175,000.00 C. PURPOSE OF GRANT: GENERAL CHARITABLE PURPOSES D. THE GRANTEE ORGANIZATION HAS NOT DIVERTED ANY PORTION OF THE GRANT FUNDS FROM THE PURPOSE OF THE GRANT (TO THE KNOWLEDGE OF THE MICHAEL W. LOUIS CHARITABLE FOUNDATION). E. REPORT VERIFYING THAT GRANT FUNDS WERE EXPENDED IN ACCORDANCE WITH TERMS OF GRANT HAS BEEN RECEIVED. F. THE MICHAEL W. LOUIS CHARITABLE FOUNDATION HAS HAD NO REASON TO CONDUCT AN INDEPENDENT VERIFICATION OF THE GRANTEE'S REPORT.2. IN THE FISCAL YEAR 2024 THE MICHAEL W. LOUIS CHARITABLE FOUNDATION MADE A GRANT OF $175,000.00 TO THE J. JEFFRY AND ELIZABETH S. LOUIS FOUNDATION. ALL GRANT FUNDS HAVE BEEN EXPENDED. A. NAME AND ADDRESS: J. JEFFRY AND ELIZABETH S. LOUIS FOUNDATION 410 HUNT CLUB WAY LAKE GENEVA, WI 53147 B. DATE & AMOUNT OF GRANT: 2024; $175,000.00 C. PURPOSE OF GRANT: GENERAL CHARITABLE PURPOSES D. THE GRANTEE ORGANIZATION HAS NOT DIVERTED ANY PORTION OF THE GRANT FUNDS FROM THE PURPOSE OF THE GRANT (TO THE KNOWLEDGE OF THE MICHAEL W. LOUIS CHARITABLE FOUNDATION). E. REPORT VERIFYING THAT GRANT FUNDS WERE EXPENDED IN ACCORDANCE WITH TERMS OF GRANT HAS BEEN RECEIVED. F. THE MICHAEL W. LOUIS CHARITABLE FOUNDATION HAS HAD NO REASON TO CONDUCT AN INDEPENDENT VERIFICATION OF THE GRANTEE'S REPORT.3. IN THE FISCAL YEAR 2024 THE MICHAEL W. LOUIS CHARITABLE FOUNDATION MADE A GRANT OF $175,000.00 TO THE LOUIS STEWART FOUNDATION. ALL GRANT FUNDS HAVE BEEN EXPENDED. A. NAME AND ADDRESS: LOUIS STEWART FOUNDATION 410 HUNT CLUB WAY LAKE GENEVA, WI 53147 B. DATE & AMOUNT OF GRANT: 2024; $175,000.00 C. PURPOSE OF GRANT: GENERAL CHARITABLE PURPOSES D. THE GRANTEE ORGANIZATION HAS NOT DIVERTED ANY PORTION OF THE GRANT FUNDS FROM THE PURPOSE OF THE GRANT (TO THE KNOWLEDGE OF THE MICHAEL W. LOUIS CHARITABLE FOUNDATION). E. REPORT VERIFYING THAT GRANT FUNDS WERE EXPENDED IN ACCORDANCE WITH TERMS OF GRANT HAS BEEN RECEIVED. F. THE MICHAEL W. LOUIS CHARITABLE FOUNDATION HAS HAD NO REASON TO CONDUCT AN INDEPENDENT VERIFICATION OF THE GRANTEE'S REPORT.

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

MICHAEL W LOUIS CHARITABLE FOUNDATION

EIN:

81-3640917

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES	23,486	29,069
ABBVIE INC COM	29,144	44,425
ABERCROMBIE & FITCH CO	1,705	1,794
ACCENTURE PLC IRELAND CL A	21,970	34,827
ADOBE INC	17,462	20,900
ADVANCED MICRO DEVICES	9,373	18,239
AFLAC INCORPORATED	7,003	17,378
ALBEMARLE CORPORATION	2,891	2,755
ALPHABET INC CL A	49,486	155,226
ALTRIA GROUP INC	2,228	2,928
AMAZON COM INC	53,521	112,108
AMERICAN EXPRESS CO	6,270	19,588
AMERICAN TOWER CORP	13,400	11,922
AMERICAN WATER WORKS CO	27,938	27,139
ANALOG DEVICES INC	100	212
APPLE INC	67,420	238,400
APPLIED MATERIALS INC	7,642	13,661
APTARGROUP INC	4,527	5,970
AT&T INC	1,507	2,345
AUTODESK INC DELAWARE	3,690	5,616
AUTOMATIC DATA PROCESSING INC	997	2,049
AVIENT CORPORATION	8,794	8,172
AXALTA COATING SYSTEMS LTD.	20,832	22,209
BALL CORP	363	441
BANK OF AMERICA CORP	25,684	46,191
BANK OF NEW YORK MELLON CORP	14,827	26,430
BLOCK INC CL A	1,516	2,040
BOOKING HOLDINGS INC	8,061	9,937
BOSTON SCHENTIFIC CORP	17,413	18,043
BROADCOM INC	35,462	47,527
BRUKER CORPORATION	5,491	4,865
CADENCE DESIGN SYSTEM	7,297	9,314
CAESARS ENTERTAINMENT INC NEW	278	234
CAPITAL ONE FINANCIAL CORP	1,667	1,605
CATERPILLAR INC	12,683	23,942
CHIPOTLE MEXICAN GRILL INC COM	2,310	9,045
CHUBB LTD	5,187	11,052
CHURCH & DWIGHT CO INC	21,153	26,806
CISCO SYS INC	20,644	25,930
CITIGROUP INC NEW	1,578	1,830
CNH INDUSTRIAL NV	19,216	17,867
COCA COLA CO	3,068	4,234
COMMERCIAL METALS CO	10,670	10,069
CONSTELLATION BRANDS INC CL A	3,800	5,083
CONSTELLATION ENERGY CORP	1,439	1,342
CORTEVA INC	8,719	9,171
COSTCO WHOLESALE CORP NEW	3,599	10,995
CUMMINS INC	16,663	27,888
DANAHER CORPORATION	4,463	7,346
DAVITA INC	1,061	2,094
DEERE & CO	6,671	18,643
DELL TECHNOLOGIES INC CL C	3,271	9,680
DUPONT DE NEMOURS INC	2,805	2,593
EBAY INC	3,364	3,221
ECOLAB INC	13,134	14,762
ELEVANCE HEALTH INC	7,389	9,960
ELI LILLY & CO	28,742	28,564
EMBECTA CORP	29	21
EQUINIX INC	7,750	11,315
ETSY INC COM	2,321	2,221
FEDERAL RLTY INVT TR SH BEN	6,278	7,725
FLUOR CORP NEW	3,666	7,595
FMC CORP NEW	15,063	12,153
GAP INC	1,176	3,025
GE AEROSPACE NEW	6,213	19,181
GE HEALTHCARE TECHNOLOGIES INC	103	156
GEN DIGITAL INC	6,580	7,037
GENERAL MTRS CO	630	1,012
GOLDMAN SACHS GRP INC	23,053	56,689
HARTFORD FIN SERS GRP INC	34,535	55,356
HASBRO INC	7,548	7,101
HEWLETT PACKARD ENTERPRISE	5,659	11,465
HOME DEPOT INC	15,460	29,563
HP INC COM	3,670	7,570
INTEL CORP	9,761	7,158
INTL BUSINESS MACHINES CORP	9,859	17,806
INTUIT INC	9,227	22,626
IRIDIUM COMMUNICATIONS INC COM	4,289	4,933
IRON MOUNTAIN INC	6,647	6,096
JOHNSON & JOHNSON	88,854	85,181
JPMORGAN CHASE & CO	22,117	37,874
KBR INC	3,923	4,113
KILROY REALTY CORPORATION	7,139	9,748
KLA CORPORATION	3,235	13,233
KROGER CO	2,545	4,342
KYNDRYL HOLDINGS INC	25	35
L3HARRIS TECHNOLOGIES INC	18,796	18,715
LAS VEGAS SANDS CORPORATION	3,489	4,468
LEIDOS HLDGS INC	778	1,297
LINCOLN ELEC HLDGS INC	3,308	7,874
LULULEMON ATHLETICA INC	2,418	3,442
LYFT INC CL A	332	348
LYONDELLBASELL NV CL-A	1,785	1,708
MARSH & MCLENNAN COS INC	2,311	5,098
MASTERCARD INC CL A	30,422	48,444
MC CORMICK AND CO NON VOTING	1,077	1,220
MCKESSON CORP	2,375	10,258
MERCK & CO INC NEW COM	58,704	60,782
META PLATFORMS INC CL A	25,884	91,340
MGM RSORTS INTERNATIONAL	8,417	6,930
MICROSOFT CORP	80,415	206,114
MOODYS CORP	6,769	7,574
MORGAN STANLEY	2,257	6,915
MOTOROLA SOLUTIONS INC	6,573	19,414
NASDAQ INC COM	9,968	14,689
NETFLIX INC	19,631	24,957
NEWS CORPORATION CL A	16,713	16,689
NEWMONT CORPORATION	13,411	11,427
NIKE INC B	1,126	984
NVIDIA CORPORATION	11,386	232,590
ONE GAS INC	13,900	15,789
ORGANON & CO	39	15
PAYPAL HLDGS INC COM	6,839	9,474
PHILIP MORRIS INTL INC	24,534	34,902
PNC FINL SVCS GP	5,420	10,028
POTLATCHDELTIC CORP	8,691	8,439
PROLOGIS INC COM	4,207	5,074
QUALCOMM INC	6,781	12,597
QUANTA SERVICES INC	167	1,580
RTX CORPORATION	17,552	32,517
RYDER SYSTEMS INC	1,245	6,274
S&P GLOBAL INC COM	23,139	40,838
SALESFORCE INC	21,511	46,806
SERVICENOW INC	3,695	13,782
SHERWIN WILLIAMS COMPANY OHIO	1,507	1,360
SIMON PPTY GROUP INC	11,259	18,082
STARBUCKS CORP WASHINGTON	7,106	6,753
SUNRUN INC	2,927	1,980
SYSCO CORP	14,633	14,986
T-MOBILE US INC COM	7,993	13,685
TARGET CORPORATION	14,189	15,816
TE CONNECTIVITY LTD NEW	953	1,859
TESLA INC	37,852	66,230
TETRA TECH INC	10,669	10,159
THE CIGNA GROUP	18,100	24,853
THERMO FISHER SCIENTIFIC	1,105	1,040
TJX COS INC NEW	8,660	11,115
TRACTOR SUPPLY CO	1,697	1,592
TRAVELERS COMPANIES INC COM	103	241
UBER TECHNOLOGIES INC	4,945	4,222
UNITEDHEALTH GP INC	11,620	22,258
VALVOLINE INC COM	1,076	2,750
VERIZON COMMUNICATIONS	4,087	4,879
VISA INC CL A	35,176	57,835
VOYA FINL INC	1,182	1,170
W W GRAINGER INC	7,770	20,027
WALMART INC	14,278	30,358
WELLS FARGO & CO NEW	9,074	23,390
WILLIAMS SONOMA	5,365	18,148
XYLEM INC COM	16,607	24,596
AAON INC	6,385	8,672
ACADIA HEALTHCARE COMPANY INC	10,023	6,066
AGNC INVESTMENT CORP	9,495	8,842
ALAMO GROUP INC	4,626	3,993
ANTERO RES CORP COM	6,999	8,272
ARTISAN PARTNERS ASSET MGMT	9,917	9,428
BEACON ROOFING SUPPLY INC	13,521	13,815
BRUKER CORPORATION	6,552	6,624
BWX TECHNOLOGIES INC COM	7,405	8,110
CADENCE BANK	7,903	10,714
CAPRI HOLDINGS LIMITED	6,941	6,739
CELESTICA INC	7,239	12,553
CHAMPION HOMES INC	2,325	4,760
CIENA CORP NEW	6,408	9,244
COLUMBUS MCKINNON CORP	4,114	3,947
COMERICA INC	13,584	15,401
COTY INC CL A	8,531	5,714
CULLEN FROST BANKERS INC	10,000	11,514
CUSHMAN & WAKEFIELD PLC	10,781	12,936
ELEMENT SOLUTIONS INC	16,595	17,547
FABRINET	6,097	6,921
FIRST AMERICAN FINL CORP	12,851	13,112
FIRSTCASH HLDGS INC	8,633	8,093
GATX CORP	4,897	5,700
GILDAN ACTIVEWEAR INC	7,077	8,892
GLOBUS MEDICAL INC A	4,767	7,436
GXO LOGISTICS INCORPORATED	6,735	6,569
H&E EQUIPMENT SVCS INC	4,487	4,027
HAWKINS INC	4,242	4,127
HEALTHEQUITY INC COM	8,570	10,459
HUNTINGTON INGALLS INDUSTRIES	5,588	5,407
INSIGHT ENTERPRISES INC	7,287	6,136
INSTALLED BLDG PRODS INC	8,049	9,665
JOHN BEAN TECHNOLOGIES CORP	8,304	8,435
KIRBY CP	3,941	4,206
LINCOLN ELEC HLDGS INC	4,230	4,156
MANPOWERGROUP INC COM	5,069	4,744
MATADOR RES CO	4,297	7,539
MATERION CORP COM	8,036	8,506
MAXLINEAR INC CLASS A	2,497	3,462
MFA FINL INC	7,941	7,204
MURPHY OIL CORP	9,751	7,414
NNN REIT INC	8,631	8,374
OSHKOSH CORP	3,560	3,126
PERMIAN RESOURCES CP CL A	8,396	7,262
PORTLAND GENERAL ELEC CO	8,166	8,157
PROSPERITY BANCSHARES	8,303	9,645
RAMBUS INC (DEL)	1,521	5,003
RED ROCK RESORTS INC CL A	11,027	8,739
RUSH ENTERPRISES INC CL A	8,768	9,260
RXO INC	7,766	7,891
SELECTIVE INSURANCE GROUP	7,391	10,100
STAG INDL INC COM	9,031	8,117
TRANSMEDICS GROUP INC	4,707	3,150
UNITED BANKSHARES INC W VA	8,853	8,712
VALMONT INDUSTRIES	5,613	7,622
VALVOLINE INC COM	9,175	7,960
WARBY PARKER INC CL A	4,805	8,304
WESTERN ALLIANCE BANCORP	11,589	15,288
ZIONS BANCORPORATION NA	11,184	13,834

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

MICHAEL W LOUIS CHARITABLE FOUNDATION

EIN:

81-3640917

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MICHAEL W LOUIS COMPANY	AT COST	369,298	1,310,362
MWL HOLDINGS LIMITED PARTNERSHIP	AT COST	3,356	3,683,305
S.C. JOHNSON & SON INC. STOCK	AT COST	377,064	408,700
ISHARES CORE MSCI EAFE ETF	FMV	534,763	567,652
ARISTOTLE INTERNATIONAL EQ I2	FMV	530,640	585,951
ARTISAN DEVELOPING WORLD ADV	FMV	141,653	272,734
CCM COMMUNITY IMPACT BD INST	FMV	473,313	415,104
GQG PARTNERS EMRG MKTS EQ INS	FMV	464,234	480,879
JOHCM INTERNATIONAL SEL INST	FMV	192,739	247,536
LORD ABBETT SHT DURATION INC I	FMV	202,121	203,018
NUVEEN CORE IMPACT BD R6	FMV	1,174,590	1,090,838
T ROWE PRICE NEW HORIZONS FUND	FMV	497,745	563,617
ISHARES CORE MSCI EAFE ETF	FMV	22,570	24,317
ISHARES CORE S&P 500 ETF	FMV	65,923	85,947
VANGUARD SMALL CAP ETF	FMV	23,628	27,632
ARISTOTLE INTERNATIONAL EQ I2	FMV	9,848	11,649
ARTISAN DEVELOPING WORLD ADV	FMV	3,729	5,785
CCM COMMUNITY IMPACT BD INST	FMV	13,887	13,947
GQG PARTNERS EMRG MKTS EQ INS	FMV	13,703	15,118
LORD ABBETT SHT DURATION INC I	FMV	16,075	16,287
NUVEEN CORE IMPACT BD RL	FMV	28,031	27,897

- TIN:

TY 2024 LegalFeesSchedule

Name:

MICHAEL W LOUIS CHARITABLE FOUNDATION

EIN:

81-3640917

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BELL & ANDERSON LLC - LEGAL FEES	12,820	12,820		0

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

MICHAEL W LOUIS CHARITABLE FOUNDATION

EIN:

81-3640917

Description	Amount
MS #186 - 2024 DIVIDENDS RECEIVED IN 2025	4,946
MS #623 - COST BASIS ADJ'TS FOR NON-DIVIDEND DISTRIBUTIONS	64
MS #258 - COST BASIS ADJ'TS FOR NON-DIVIDEND DISTRIBUTIONS	104
MS #369 - 2024 DIVIDENDS RECEIVED IN 2025	130
MS #258 - 2024 DIVIDENDS RECEIVED IN 2025	115
ROUNDING ADJUSTMENT	5

- TIN:

TY 2024 OtherExpensesSchedule

Name:

MICHAEL W LOUIS CHARITABLE FOUNDATION

EIN:

81-3640917

Description	Revenue and Expenses per Books	Net Investment Income
MWL HOLDINGS LP - OTHER EXPENSES	27,228	0
MICHAEL W. LOUIS CO. - OTHER EXPENSES	2,751	2,751
ADR FEE	1,220	1,220

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

MICHAEL W LOUIS CHARITABLE FOUNDATION

EIN:

81-3640917

Description	Amount
MS #258 - NON-DIVIDEND DISTRIBUTIONS	357
MS #186 - 2023 DIVIDENDS RECEIVED IN 2024	4,623
MS #623 - 2023 DIVIDENDS RECEIVED IN 2024	135
MS #623 - NON-DIVIDEND DISTRIBUTIONS	99
MS #258 - 2023 DIVIDENDS RECEIVED IN 2024	111
MS #369 - 2023 DIVIDENDS RECEIVED IN 2024	73

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

MICHAEL W LOUIS CHARITABLE FOUNDATION

EIN:

81-3640917

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MORGAN STANLEY INVESTMENT ADVISORY FEES	66,012	66,012		0

- TIN:

TY 2024 TaxesSchedule

Name:

MICHAEL W LOUIS CHARITABLE FOUNDATION

EIN:

81-3640917

Category	Amount	Net Investment Income
FOREIGN TAXES - MS #186	3,060	3,060
2024 990-T ESTIMATED TAXES PAID	25,000	0
2024 990-PF ESTIMATED TAXES PAID	16,500	0
FOREIGN TAXES - MS #369	75	75
FOREIGN TAXES - MS #258	19	19