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
LANNAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)369 MONTEZUMA AVENUE 312
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA FE, NM87501
A Employer identification number

36-6062451
B Telephone number (see instructions)

(505) 986-8160
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$97,116,125J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments   2,709  
4 Dividends and interest from securities... 4,112,856 4,287,333  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,322,763
b Gross sales price for all assets on line 6a 56,590,845
7 Capital gain net income (from Part IV, line 2)... 3,504,709
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........ 11,435,619 7,794,751 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,003,290 124,272 0 907,732
14 Other employee salaries and wages...... 2,287,627 52,200 0 1,189,468
15 Pension plans, employee benefits....... 449,650 25,578 0 325,580
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
157,104 0 0 159,107
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
53,701 19,963 0 33,738
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
366,458 177,893 0 316,225
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
52,896 45,054 0 20,633
19 Depreciation (attach schedule) and depletion... 71,469 0 0
20 Occupancy.............. 154,344 4,196 0 151,153
21 Travel, conferences, and meetings....... 80,606 5,044 0 74,353
22 Printing and publications.......... 15,028 0 0 15,516
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,114,350 51,061 0 1,059,298
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,806,523 505,261 0 4,252,803
25 Contributions, gifts, grants paid....... 28,657,705 29,237,204
26 Total expenses and disbursements. Add lines 24 and 25 34,464,228 505,261 0 33,490,007
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -23,028,609
b Net investment income (if negative, enter -0-) 7,289,490
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............. 582    
2 Savings and temporary cash investments......... 50,310,212 88,683,083 88,683,083
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 52,092 18,881 18,881
10a Investments—U.S. and state government obligations (attach schedule) 9,173,222 0 0
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 34,292,954 0 0
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,068,582 Click to see attachment
List of Attached Documents:
// Content
101,370 		101,370
14 Land, buildings, and equipment: basis right arrow94,054
Less: accumulated depreciation (attach schedule) right arrow43,113 1,564,631 Click to see attachment
List of Attached Documents:
// Content
50,941 		50,941
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
6,623,554 		Click to see attachment
List of Attached Documents:
// Content
6,137,706 		Click to see attachment
List of Attached Documents:
// Content
8,261,850
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 115,085,829 94,991,981 97,116,125
Liabilities 17 Accounts payable and accrued expenses.......... 76,276 1,282,027
18 Grants payable................. 818,500 239,000
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)......... 894,776 1,521,027
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........... 114,191,053 93,470,954
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 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)..... 114,191,053 93,470,954
30 Total liabilities and net assets/fund balances (see instructions). 115,085,829 94,991,981
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
114,191,053
2
Enter amount from Part I, line 27a .....................
2
-23,028,609
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,336,443
4
Add lines 1, 2, and 3 ..........................
4
95,498,887
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,027,933
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
93,470,954
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 ANTHROPOCENE INTERNATIONAL EQUITY FUND, LP, LONG-TERM GAIN P    
b ANTHROPOCENE INTERNATIONAL EQUITY FUND, LP, SHORT-TERM LOSS P    
c PUBLICLY TRADED SECURITIES P    
d GAIN ON SALE OF CHARITABLE USE PROPERTY P    
e GACP II, LP, LONG TERM LOSS P    
ADJUSTMENT FOR BOOK PARTNERSHIP DISTRIBUTIONS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,771,938     2,771,938
b     142,432 -142,432
c 45,911,688   45,029,504 882,184
d 4,766,400 2,195,612 6,962,012 0
e     6,981 -6,981
3,140,819   3,140,819 0
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       2,771,938
b       -142,432
c       882,184
d       0
e       -6,981
      0
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 3,504,709
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) 1 101,324
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........................... 3 101,324
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- ..... 5 101,324
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 54,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 60,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 114,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 13,176
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow13,176 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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment
List of Attached Documents:
// Content
....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNM, IL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
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 arrowWWW.LANNAN.ORG
14
The books are in care ofright arrowLANNAN FOUNDATION Telephone no.right arrow (505) 954-5152

Located atright arrow369 MONTEZUMA AVENUE 312SANTA FENM ZIP+4right arrow87501
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
LAWRENCE P LANNAN JR PRESIDENT, TREASURER
40.00 		274,430 97,057 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
DAVID L UNGERLEIDER VICE PRESIDENT
5.00 		0 4,519 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
FRANK C LAWLER VICE PRESIDENT, SECRETARY
50.00 		274,430 79,739 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
MARY M PLAUCHE DIRECTOR, ASST SECY, ASST
5.00 		35,000 9,155 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
PENN SZITTYA DIRECTOR
7.50 		37,500 12,345 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
KAREN HETHERINGTON DIRECTOR
10.00 		37,500 12,887 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
MARIAN P DAY DIRECTOR
5.00 		35,000 11,579 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
ANDREA TUCH DIRECTOR
5.00 		35,000 10,640 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
BRENDA COUGHLIN EXECUTIVE DIRECTOR
5.00 		274,430 68,802 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
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
ABEL JOURDAN PROGRAM OFFICER
36.00 		310,999 62,482 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
VAGH JABEEN CONTROLLER
36.00 		260,999 61,880 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
CAREY LINDA AP & OFFICE MANAGER
36.00 		236,652 53,681 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
BETLACH LAURIE PROGRAM OFFICER
36.00 		228,019 22,570 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
JESSUP MARTHA PROGRAM OFFICER
36.00 		180,641 23,830 0
369 MONTEZUMA AVENUE 312
SANTA FE,NM87501
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
ASTILLI INC ART STORAGE, FRAMING, TRANSPORT 224,975
1807 SECOND ST 105
SANTA FE,NM87505
TECH- NICHE COMPUTER NETWORKING 165,301
PO BOX 22849
SANTA FE,NM87502
MAYER BROWN LLP LEGAL 155,754
71 SOUTH WACKER DRIVE
CHICAGO,IL60606
YOYOKI INC CONTRACT SERVICES 63,546
1446 CERRO GORDO ROAD
SANTA FE,NM87501
MARY CLAIRE ALTIZER CONTRACT SERVICES 57,603
157 ENGERT AVENUE APT 1R
BROOKLYN,NY11222
Total number of others receiving over $50,000 for professional services.............right arrow1
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 SEE STATEMENT 13 130,185
2 SEE STATEMENT 14 5,584
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
39,405,991
b
Average of monthly cash balances.......................
1b
60,571,307
c
Fair market value of all other assets (see instructions)................
1c
5,945,022
d
Total (add lines 1a, b, and c).........................
1d
105,922,320
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
105,922,320
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,588,835
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
104,333,485
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,216,674
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
5,216,674
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
101,324
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
101,324
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,115,350
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,115,350
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
5,115,350
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
33,490,007
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
33,490,007
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 5,115,350
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...... 6,350,459
b From 2020...... 9,290,537
c From 2021...... 4,582,641
d From 2022...... 19,026,726
e From 2023...... 10,878,100
f Total of lines 3a through e ........ 50,128,463
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 33,490,007
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..... 5,115,350
e Remaining amount distributed out of corpus 28,374,657
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 78,503,120
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) ... 		6,350,459
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		72,152,661
10 Analysis of line 9:
a Excess from 2020.... 9,290,537
b Excess from 2021.... 4,582,641
c Excess from 2022.... 19,026,726
d Excess from 2023.... 10,878,100
e Excess from 2024.... 28,374,657
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
ABU TOHA MOSAB


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I CULTURAL FREEDOM FELLOWSHIP 75,000

ACLED ANALYSIS INC

361 FALLS ROAD SUITE 501
GRAFTON,WI53024 		  PC GENERAL SUPPORT 7,500

ADDISON GALLERY OF AMERICAN ART

3 CHAPEL AVENUE
ANDOVER,MA01810 		  PC ART DONATION 6,510

AMERICAN FRIENDS OF FONDATION BEYELER

551 FIFTH AVENUE SUITE 400
NEW YORK,NY10176 		  PC ART DONATION 80,000

AMERICAN FRIENDS SERVICE COMMITTEE

1501 CHERRY ST
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT 15,000

AMON CARTER MUSEUM OF AMERICAN ART

3501 CAMO BOWIE BOULEVARD
FORT WORTH,TX76107 		  PC ART DONATION 418,700

ART INSTITUTE OF CHICAGO

111 S MICHIGAN AVENUE
CHICAGO,IL60603 		  PC ART DONATION 142,381

ASIAN ART MUSEUM OF SAN FRANCISCO

200 LARKIN STREET
SAN FRANCISCO,CA94102 		  PC ART DONATION 1,600
ATAKORA AFIA


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I LITERARY FELLOWSHIP - FICTION 50,000
BASSICHIS MORGAN


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I CULTURAL FREEDOM AWARD 200,000

BIG SHOULDERS FUND

212 WEST VAN BUREN STREET SUITE 900
CHICAGO,IL60607 		  PC GENERAL SUPPORT 12,500

BLACK MOUNTAIN COLLEGE MUSEUM ARTS CENTER

120 COLLEGE STREET
ASHEVILLE,NC28801 		  PC ART DONATION 600

BLANTON MUSEUM OF ART

UNIVERSITY OF TEXAS AT AUSTIN 200 E
MARTIN LUTHER KING JR BLVD
AUSTIN,TX78712 		  GOV ART DONATION 46,890

CARNEGIE MUSEUM OF ART

4400 FORBES AVENUE
PITTSBURGH,PA15213 		  PC ART DONATION 135,500

CAVE CANEM

20 JAY STREET SUITE 310-A
BROOKLYN,NY11201 		  PC GENERAL OPERATING SUPPORT 375,000

CAVE CANEM

20 JAY STREET SUITE 310-A
BROOKLYN,NY11201 		  PC GENERAL OPERATING SUPPORT 350,000

CENTER FOR CREATIVE PHOTOGRAPHY

1030 N OLIVE RD
TUCSON,AZ85719 		  PC ART DONATION 132,376

CENTER FOR ECONOMIC CHANGE & SOCIAL RESEARCH INC

4015 N ROCKWELL ST
CHICAGO,IL606183720 		  PC US FRIENDS OF PALESTINIAN LITERATURE 150,000

CENTER FOR ECONOMIC CHANGE & SOCIAL RESEARCH INC

4015 N ROCKWELL ST
CHICAGO,IL606183720 		  PC MONDOWEISS 50,000

CENTER FOR ECONOMIC CHANGE & SOCIAL RESEARCH INC

4015 N ROCKWELL ST
CHICAGO,IL606183720 		  PC TRAVEL & BOOK EVENT FOR SOLIDARITY 20,000

CENTER FOR ECONOMIC RESEARCH AND SOCIAL CHANGE

4015 N ROCKWELL ST
CHICAGO,IL606183720 		  PC ART DONATION 50,650

CHICAGO SYMPHONY ORCHESTRA

220 S MICHIGAN AVENUE
CHICAGO,IL60604 		  PC EDUCATION PROGRAMS 9,000

CINEMACHICAGO

212 WEST VAN BUREN STREET SUITE 400
CHICAGO,IL60607 		  PC GENERAL SUPPORT 50,000

CIVITAS ENSEMBLE

PO BOX 60921
CHICAGO,IL60660 		  PC GENERAL SUPPORT 4,000

COLUMBIA UNIVERSITY

1200 AMSTERDAM AVENUE
NEW YORK,NY10027 		  PC THE PLATFORM 250,000

COMMON COUNSEL FOUNDATION

1624 FRANKLIN STREET
OAKLAND,CA94612 		  PC SUPPORT FOR PROJECT - COLOR CONGRESS 10,000

DALLAS MUSEUM OF ART

1717 N HARWOOD ST
DALLAS,TX75201 		  PC ART DONATION 350,000

DENVER ART MUSEUM

100 W 14TH AVE PKWY
DENVER,CO80204 		  PC ART DONATION 692,712
DERICOTTE TOI


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I LIFETIME ACHIEVEMENT IN LITERATURE 150,000

DIA ART FOUNDATION

535 WEST 22ND STREET
NEW YORK,NY10011 		  PC ART DONATION 497,000
EADY CORNELIUS


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I LIFETIME ACHIEVEMENT IN LITERATURE 150,000
ENOTE JIM


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I INDIGENOUS COMMUNITY FELLOWSHIP AWARD 175,000

FEEDING SOUTH FLORIDA

2501 SW 32ND TERRACE
PEMBROKE PARK,FL33023 		  PC GENERAL SUPPORT 15,000

FOOD DEPOT

1222 SILER ROAD
SANTA FE,NM87507 		  PC GENERAL SUPPORT 15,000

FRIENDS OF BOSQUE DEL APACHE

PO BOX 340 1001 HWY 1
SAN ANTONIO,NM87832 		  PC GENERAL SUPPORT 50,000

FULCRUM ARTS

145 NORTH RAYMOND AVENUE
PASADENA,CA91103 		  PC LANDMARKS OF ART INITIATIVE 22,000

GEORGE EASTMAN MUSEUM

900 EAST AVENUE
ROCHESTER,NY14607 		  PC ART DONATION 12,000

HARWOOD MUSEUM OF ART

THE UNIVERSITY OF NM 238 LEDOUX ST
TAOS,NM87571 		  GOV ART DONATION 400

HENRY MILLER MEMORIAL LIBRARY

48603 HIGHWAY ONE
BIG SUR,CA93920 		  PC ART DONATION 3,250

HISTORIC SANTA FE FOUNDATION

545 CANYON RD APARTMENT 2
SANTA FE,NM87501 		  PC ART DONATION 200

HOOD MUSEUM OF ART

DARTMOUTH COLLEGE 8 EAST WHEELOCK
ST
HANOVER,NH03755 		  PC ART DONATION 13,000

IBEROAMERICANA UNIVERSITY FOUNDATION

PO BOX 532233
SAN DIEGO,CA921532233 		  PC GENERAL SUPPORT 350,000

INTERNATIONAL DOCUMENTARY ASSOCIATION

3600 WILSHIRE BLVD SUITE 1810
LOS ANGELES,CA90010 		  PC GENERAL SUPPORT 15,000

ISAMU NOGUCHI FOUNDATION

32-37 VERNON BOULEVARD
LONG ISLAND,NY11106 		  PC ART DONATION 87,000

IZIKO MUSEUMS OF SOUTH AFRICA

25 QUEEN VICTORIA STREET GARDENS
CAPE TOWN   8000
SF 		  GOV ART DONATION 89,700

J PAUL GETTY MUSEUM

1200 GETTY CENTER DR
LOS ANGELES,CA90049 		  PC ART DONATION 36,128
KOMUNYAKAA YUSEF


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I LIFETIME ACHIEVEMENT IN LITERATURE 100,000

LOS ANGELES COUNTY MUSEUM OF ART

5905 WILSHIRE BOULEVARD
LOS ANGELES,CA90036 		  PC ACQUISITION OF THOMAS JOSHUA COOPER'S ART 100,000

LOS ANGELES COUNTY MUSEUM OF ART

5905 WILSHIRE BOULEVARD
LOS ANGELES,CA90036 		  PC ART DONATION 3,390,900

MIDDLE EAST CHILDREN'S ALLIANCE

1101 8TH STREET SUITE 100
BERKELEY,CA94710 		  PC GENERAL SUPPORT 4,500

MIDDLE EAST CULTURAL AND CHARITABLE SOCIETY

1507 E 53RD ST PMB 500
CHICAGO,IL60615 		  PC ELECTRONIC INTIFADA 50,000
MORLING MALENA


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I LITERARY FELLOWSHIP - POETRY 17,000

MUSEO DE LAS AMERICAS

861 SANTA FE DRIVE
DENVER,CO80204 		  PC ART DONATION 762,800

MUSEO DE LAS AMERICAS

861 SANTA FE DRIVE
DENVER,CO80204 		  PC DIRECT EXPENSES OF ACQUISITION OF LANNAN ART 100,000

MUSEUM OF CONTEMPORARY ART

250 SOUTH GRAND AVENUE
LOS ANGELES,CA90012 		  PC ART DONATION 19,821

MUSEUM OF CONTEMPORARY ART CHICAGO

220 E CHICAGO AVENUE
CHICAGO,IL60611 		  PC ART DONATION 25,800

MUSEUM OF CONTEMPORARY ART SAN DIEGO

1100 KETTNER BOULEVARD
SAN DIEGO,CA92101 		  PC ART DONATION 22,500

MUSEUM OF CONTEMPORARY PHOTOGRAPHY

600 S MICHIGAN AVENUE
CHICAGO,IL60605 		  PC ART DONATION 113,600

MUSEUM OF FINE ARTS HOUSTON

1001 BISSONNET STREET
HOUSTON,TX77005 		  PC ART DONATION 391,522

MYRIAD USA

551 5TH AVENUE SUITE 2400
NEW YORK,NY10176 		  PC ART DONATION 60,000

NASHER SCULPTURE CENTER

2001 FLORA ST
DALLAS,TX75201 		  PC ART DONATION 43,500

NATIONAL GALLERY OF ART

2000 SOUTH CLUB DRIVE
LANDOVER,MD20785 		  GOV ART DONATION 201,650

NELSON-ATKINS MUSEUM OF ART

4525 OAK STREET
KANSAS CITY,MO64111 		  PC ART DONATION 16,000

NEW MEXICO FOUNDATION SANTA FE

8 CALLE MEDICO
SANTA FE,NM87505 		  PC VITAL SPACES - GENERAL SUPPORT 400,000

NEW MEXICO MUSEUM OF ART

107 W PALACE AVENUE
SANTA FE,NM87501 		  GOV ART DONATION 28,800

NEW MEXICO STATE UNIVERSITY

1780 E UNIVERSITY AVE
LAS CRUCES,NM88003 		  GOV ART DONATION 158,566

NM STATE UNIVERSITY FOUNDATION

PO BOX 30001
LAS CRUCES,NM88003 		  GOV DIRECT EXPENSES OF ACQUISITION OF LANNAN ART 17,000

NORTH DAKOTA MUSEUM OF ART

261 CENTENNIAL DRIVE STOP 7305
GRAND FORKS,ND58202 		  PC ART DONATION 5,200

OAKLAND MUSEUM OF CALIFORNIA

1000 OAK STREET
OAKLAND,CA94607 		  PC ART DONATION 4,500

OKLAHOMA CITY MUSEUM OF ART

415 COUCH DRIVE
OKLAHOMA CITY,OK73102 		  PC ART DONATION 4,600

PHILADELPHIA MUSEUM OF ART

2600 BENJAMIN FRANKLIN PKWY
PHILADELPHIA,PA19130 		  PC ART DONATION 16,000

POINTS NORTH INSTITUTE

PO BOX 836
CAMDEN,ME04843 		  PC 2024 CAMDEN INTERNATIONAL FILM FESTIVAL SPONSOR 10,000

ROCKERFELLER PHILANTHROPY ASSOCIATES

120 BROADWAY SUITE 3475
NEW YORK,NY10271 		  PC LANNAN IMPACT FUND 15,000,000

RUBIN CENTER FOR THE VISUAL ARTS

UNIVERSITY OF TX AT EL PASO 720
DAWSON RD
EL PASO,TX79902 		  GOV ART DONATION 70,220

SAN ANTONIO MUSEUM OF ART

200 W JONES AVENUE
SAN ANTONIO,TX78215 		  PC ART DONATION 41,750

SANTA FE CONSERVATION TRUST

PO BOX 23985
SANTA FE,NM87502 		  PC GENERAL SUPPORT 15,000

SF MUSEUM OF MODERN ART

151 3RD ST
SAN FRANCISCO,CA94103 		  PC ART DONATION 63,000

SHELDON ART ASSOCIATION

UNIVERSITY OF NEBRASKA PO BOX
880300
LINCOLN,NE68588 		  GOV ART DONATION 200,000

SHELDON MUSEUM OF ART

UNIVERSITY OF NEBRASKA PO BOX
880300
LINCOLN,NE68588 		  GOV ART DONATION 642,000

SMITHSONIAN AMERICAN ART MUSEUM

G ST NORTHWEST AND 8TH ST NW
WASHINGTON DC,DC20004 		  GOV ART DONATION 109,000

SOMOS UN PUEBLO UNIDO

1804 ESPINACITAS
SANTA FE,NM87505 		  PC GENERAL SUPPORT 15,000

SOUTHSIDE CENTER OF HOPE

2425 WEST JACKSON BLVD
CHICAGO,IL606122937 		  PC GENERAL SUPPORT 4,500

ST JOHNS COLLEGE

1160 CAMINO DE CRUZ BLANCA
SANTA FE,NM87505 		  PC ART DONATION 7,990
TAYLOR ASTRA


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I CULTURAL FREEDOM AWARD 100,000

THE AMERICAN PATRONS OF THE NATIONAL LIBRARY AND GALLERIES OF SCOTLAND

31 WEST 34TH STREET 7TH FLOOR 7010
NEW YORK,NY10001 		  PC ART DONATION 160,500

THE MENIL FOUNDATION

1511 BRANARD STREET
HOUSTON,TX77006 		  PC ART DONATION 580,338

UNIVERSITY OF ILLINOIS FOUNDATION

901 WEST ILLINOIS STREET
URBANA,IL61801 		  GOV ART DONATION 2,700

UNIVERSITY OF NEW MEXICO ART MUSEUM

1 UNIVERSITY OF NEW MEXICO
ALBUQUERQUE,NM87131 		  GOV ART DONATION 527,850

UNRWA USA NATIONAL COMMITTEE

1875 K STREET NW
WASHINGTON,DC20006 		  PC GENERAL SUPPORT 3,000

US CONFERENCE OF CATHOLIC BISHOPS

1016 16TH STREET NW
WASHINGTON,DC20036 		  PC TIJUANA JESUITS 71,000
VALDEZ-QUADE KRISTIN


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I LITERARY FELLOWSHIP - FICTION 37,500
VELASCO DAVID


369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I CULTURAL FREEDOM AWARD 75,000

YOUNG CHICAGO AUTHORS

1180 NORTH MILWAUKEE
CHICAGO,IL60642 		  PC GENERAL SUPPORT 80,000
Total .................................right arrow 3a 29,237,204
bApproved for future payment
TAYLOR ASTRA

369 MONTEZUMA AVENUE 312
SANTA FE,NM87501 		  I CULTURAL FREEDOM AWARD 150,000
Total ................................. right arrow 3b 150,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 4,112,856  
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 7,322,763  
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 11,435,619 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
11,435,619
(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
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Form 990-PF (2024)
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Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 53,701 19,963 0 33,738

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TY 2024 ExpenditureResponsibilityStmt
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
INTERTRIBAL SINKYONE WILDERNESS COUNCIL
  		PO BOX 1523
UKIAH,CA95482 		2021-02-21 158,000 GENERAL OPERATING SUPPORT 158,000   1/31/2022 AND 1/29/2024 2024-01-29 TO THE BEST OF THE FOUNDATION'S KNOWLEDGE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
INTERTRIBAL SINKYONE WILDERNESS COUNCIL
  		PO BOX 1523
UKIAH,CA95482 		2022-07-01 152,000 GENERAL OPERATING SUPPORT. GRANT PERIOD EXTENDED TO 12/31/23 152,000   4/10/2022 AND 1/29/2024 2024-01-29 TO THE BEST OF THE FOUNDATION'S KNOWLEDGE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
RED BAY STRONGHOLD FOUNDATION
  		1316 SE SUMMIT TRL
STUART,FL349977606 		2023-06-07 35,000 GENERAL OPERATING SUPPORT 35,000   1/16/2024, 6/30/2024 AND 12/2/2024 2024-12-02 TO THE BEST OF THE FOUNDATION'S KNOWLEDGE, NO PART OF THE GRANT HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.

TY 2024 GeneralExplanationAttachment
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Identifier Return Reference Explanation
LARGEST DIRECT CHARITABLE ACTIVITIES PART IX-A LINE 1, FORM 990-PF LANNAN FOUNDATION PRODUCES THE VERY POPULAR READINGS & CONVERSATIONS SERIES FEATURING INSPIRED LITERARY WRITERS OF FICTION, NONFICTION, AND POETRY, AS WELL AS CULTURAL FREEDOM ADVOCATES WITH A SOCIAL, POLITICAL, AND ENVIRONMENTAL JUSTICE FOCUS, TO READ AND DISCUSS THEIR WORK IN A PUBLIC SETTING IN SANTA FE, NEW MEXICO. A TYPICAL READINGS & CONVERSATIONS EVENING LASTS FOR ABOUT 2 HOURS, WITH THE SPEAKER OR WRITER READING/SPEAKING ON HIS OR HER WORK AND THEN HAVING A CONVERSATION WITH ANOTHER WRITER, POET, EDITOR, JOURNALIST OR SUBJECT SPECIALIST. THE COMMUNITY OUTREACH COMPONENT OF LANNAN'S PUBLIC PROGRAM SERIES DISTRIBUTES BETWEEN 100 AND 200 TICKETS AND BOOKS TO STUDENTS AND TEACHERS FREE OF CHARGE FOR EACH EVENT. IN ADDITION, NEARLY THREE-QUARTERS OF THE VISITING AUTHORS AND SPEAKERS WILL MAKE A CLASSROOM VISIT, TALKING DIRECTLY WITH STUDENTS AND TEACHERS ABOUT THEIR WORK. IN 2024, LANNAN HOSTED ONLY ONE EVENT. PLEASE NOTE THE EVENTS PREVIOUSLY ENTITLED IN PURSUIT OF CULTURAL FREEDOM CONTINUED TO BE PRESENTED BUT WERE INCORPORATED INTO THE READINGS & CONVERSATIONS SERIES TITLE. ALL EVENTS ARE AUDIO-TAPED AND VIDEO-TAPED. THE AUDIO AND VIDEO RECORDINGS OF EACH EVENT ARE AVAILABLE WITHIN 7- 10 DAYS IN THE AUDIO ARCHIVE AREA OF LANNAN FOUNDATION'S WEBSITE, WWW.LANNAN.ORG, AS WELL AS ON NUMEROUS PUBLIC MEDIA SITES SUCH AS YOUTUBE. WELL OVER 500 TICKETS ARE DISTRIBUTED TO ATTENDEES OF THE LIVE EVENTS EACH YEAR, AND THOUSANDS OF VISITS ARE MADE TO THE FOUNDATION WEBSITE ANNUALLY TO LISTEN TO PREVIOUSLY RECORDED EVENTS.
LARGEST DIRECT CHARITABLE ACTIVITIES PART IX-A LINE 2, FORM 990-PF THE EXHIBITION PROGRAM WAS ESTABLISHED TO SUPPORT THE CREATION OF NEW WORK AND TO GIVE GREATER EXPOSURE TO CONTEMPORARY ARTISTS. IN 1981 J. PATRICK LANNAN, SR. FOUNDED THE LANNAN MUSEUM IN LAKE WORTH, FLORIDA. HOUSED IN A RENOVATED ART DECO MOVIE THEATRE, THE MUSEUM BUILDING WAS DESIGNED TO PROVIDE AN ENVIRONMENT FOR THE PRESENTATION OF SELECTIONS FROM THE COLLECTION AS WELL AS TEMPORARY EXHIBITIONS. ARTISTS PRESENTED AT THE LANNAN MUSEUM INCLUDED GREG COLSON, KATHY MUEHLEMANN, ED RUSCHA, AND JAMES TURRELL.AFTER THE FOUNDATION RELOCATED TO LOS ANGELES IN JULY 1990, NEW GALLERIES WERE INAUGURATED WITH PRESENTATIONS OF PAINTINGS BY GERMAN ARTIST GERHARD RICHTER AND A MONUMENTAL SCULPTURE, THE TABLES, BY NEW YORK-BASED ARTIST TOM OTTERNESS. SUBSEQUENT EXHIBITIONS INCLUDED WORK BY ARTISTS SIAH ARMAJANI, CHRIS BURDEN, CHUCK CLOSE, LYNN DAVIS, ROBERT FRANK, GARY SIMMONS, AND BILL VIOLA AMONG SEVERAL THEMATIC GROUP PRESENTATIONS.DURING 2024, THE FOUNDATION PROVIDED SUPPORT FOR EXHIBITIONS AT SITE SANTA FE IN SANTA FE, NEW MEXICO.

TY 2024 InvestmentsOtherSchedule2
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BANK LOANS FMV 101,370 101,370

TY 2024 LandEtcSchedule2
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE EQUIPMENT 94,054 43,113 50,941 50,941


TY 2024 LegalFeesSchedule
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 157,104 0 0 159,107


TY 2024 OtherAssetsSchedule
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT INCOME RECEIVABLE 280,728 376,850 376,850
ART COLLECTION 6,342,826 211,565 2,335,709
PARTNERSHIP DISTRIBUTION RECEIVABLE   5,549,291 5,549,291


TY 2024 OtherDecreasesSchedule
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENT 2,027,933


TY 2024 OtherExpensesSchedule
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVERTISING & PROMOTION 0 0 0 0
ART MAINTENANCE 38,298 0 0 38,298
BANK CHARGES 14,611 2,038 0 12,573
BUSINESS ENTERTAINMENT 34,001 0 0 33,700
COMPUTER SERVICES 185,550 4,399 0 181,341
DIRECTORS' BENEFITS 306,723 40,378 0 266,345
FINE ARTS INSURANCE 14,284 0 0 14,284
MEMBERSHIPS 5,080 0 0 5,080
OFFICE EXPENSE 591 0 0 591
OFFICE SUPPLIES 86,945 2,271 0 83,861
POSTAGE & MAILING 20,375 496 0 18,422
PROGRAMS 130,185 0 0 130,185
SECURITY 10,419 797 0 9,622
STORAGE 122,889 0 0 120,396
TELEPHONE 25,486 682 0 25,687
WEBSITE ADMINISTRATION 16,024 0 0 16,024
CRATING & SHIPPING 98,408 0 0 98,408
MISCELLANEOUS EXPENSE 4,481 0 0 4,481


TY 2024 OtherIncreasesSchedule
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Description Amount
CHANGE IN VALUE OF GRANTED ASSET 4,336,443


TY 2024 OtherProfessionalFeesSchedule
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GACP II, LP 0 382 0 0
ANTHROPOCENE INTERNATIONAL EQUITY FUND, LP 0 128,978 0 0
TRUST ADMIN. FEES 23,533 23,533 0 0
HONORARIUM 2,083 0 0 2,083
ADVISORS FEES 25,000 0 0 25,000
OTHER PROFESSIONAL FEES 315,842 25,000 0 289,142


TY 2024 TaxesSchedule
Name:
LANNAN FOUNDATION
EIN:
36-6062451
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ANTHROPOCENE FOREIGN TAXES PAID 0 44,180 0 0
PROPERTY TAXES 21,507 874 0 20,633
EXCISE TAXES 31,389 0 0 0