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
World Food Prize Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)11207 NW Aurora Avenue
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Urbandale, IA503227906
A Employer identification number

42-1356715
B Telephone number (see instructions)

(515) 245-2552
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$58,411,168J 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) 3,865,092
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,271,157 2,271,157 2,271,157
5a Gross rents............ 265,552 265,552 265,552
b Net rental income or (loss) 265,552
6a Net gain or (loss) from sale of assets not on line 10 -90,448
b Gross sales price for all assets on line 6a 11,747,677
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 72,266
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
515,411 0 515,411
12 Total. Add lines 1 through 11........ 6,826,764 2,536,709 3,124,386
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 600,145 0 0 600,145
14 Other employee salaries and wages...... 919,983 0 0 934,706
15 Pension plans, employee benefits....... 243,883 0 0 243,365
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
18,040 0 0 18,098
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
26,040 0 0 23,715
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
120,931 0 0 141,631
17 Interest............... 941 941 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
35,907 0 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
795,624 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 206,774 0 0 205,915
22 Printing and publications.......... 108,950 0 0 108,651
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,182,641 28,730 0 3,459,235
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,259,859 29,671 0 5,735,461
25 Contributions, gifts, grants paid....... 500,000 500,000
26 Total expenses and disbursements. Add lines 24 and 25 6,759,859 29,671 0 6,235,461
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 66,905
b Net investment income (if negative, enter -0-) 2,507,038
c Adjusted net income (if negative, enter -0-)... 3,124,386
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............. 411,761 46,501 46,501
2 Savings and temporary cash investments......... 506,070 94,963 94,963
3 Accounts receivable right arrow447,104
Less: allowance for doubtful accounts right arrow   389,656 447,104 447,104
4 Pledges receivable right arrow2,463,833
Less: allowance for doubtful accounts right arrow141,077 1,685,029 2,322,756 2,322,756
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.......... 120,863 146,099 146,099
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 35,885,667 Click to see attachment
List of Attached Documents:
// Content
35,971,054 		35,971,054
c Investments—corporate bonds (attach schedule).......      
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)..........      
14 Land, buildings, and equipment: basis right arrow33,739,268
Less: accumulated depreciation (attach schedule) right arrow14,356,577 19,990,455 Click to see attachment
List of Attached Documents:
// Content
19,382,691 		19,382,691
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 58,989,501 58,411,168 58,411,168
Liabilities 17 Accounts payable and accrued expenses.......... 1,079,811 748,965
18 Grants payable.................    
19 Deferred revenue................. 46,250 58,750
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)......... 1,126,061 807,715
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........... 54,590,135 53,663,176
25 Net assets with donor restrictions............ 3,273,305 3,940,277
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)..... 57,863,440 57,603,453
30 Total liabilities and net assets/fund balances (see instructions). 58,989,501 58,411,168
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
57,863,440
2
Enter amount from Part I, line 27a .....................
2
66,905
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
57,930,345
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
326,892
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
57,603,453
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 SALE OF PUBLICLY TRADED SECURITIES P    
b SALE OF PUBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,265,840   5,428,554 -162,714
b 6,481,837   6,409,571 72,266
c
d
e
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       -162,714
b       72,266
c
d
e
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 -90,448
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 72,266
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 34,848
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 34,848
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 34,848
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 36,921
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 36,921
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 2,073
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow2,073 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 changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIA
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
Yes
 
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.worldfoodprize.com
14
The books are in care ofright arrowTracey Ball Telephone no.right arrow (515) 245-2552

Located atright arrow11207 NW Aurora AvenueUrbandaleIA ZIP+4right arrow50322
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)
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)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Paul Schickler Chairman
0.10 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Terry Branstad President
45.00 		330,000 8,713 0
11207 NW Aurora Avenue
Urbandale,IA50322
Mashal Husain Vice President
40.00 		270,145 8,104 0
11207 NW Aurora Avenue
Urbandale,IA50322
Tracey Ball Secretary
5.00 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
John Ruan IV Treasurer
5.00 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Cynthia Milligan Director
0.10 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Steven Leath Director
0.10 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Wendy Wintersteen Director
0.10 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Rachel Ruan McLean Director
0.10 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
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
Nicole Prenger Director of Communic
40.00 		117,615 1,713 0
11207 NW Aurora Avenue
Urbandale,IA50322
Jonathan Wogman SR. Prog Mgr Global
40.00 		88,083 2,643 0
11207 NW Aurora Avenue
Urbandale,IA50322
Rebecca Picard Sr. Prog Mgr Interns
40.00 		85,032 3,051 0
11207 NW Aurora Avenue
Urbandale,IA50322
Ellen Franzenburg Director of Awards a
40.00 		75,485 2,764 0
11207 NW Aurora Avenue
Urbandale,IA50322
Monica Gatrost Manager II, Building
40.00 		67,550 2,027 0
11207 NW Aurora Avenue
Urbandale,IA50322
Total number of other employees paid over $50,000...................right arrow 2
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 The World Food Prize - The selection process to determine the recipient of the prize including meetings, conventions, and promotional activities. 1,017,476
2 Borlaug Dialogue International Symposium - Meeting of international leaders to address the most critical issues facing global food security. 2,076,977
3 Global Youth Institute - High school student delegates learn and share ideas involving food security. 1,204,302
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
37,258,136
b
Average of monthly cash balances.......................
1b
529,647
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
37,787,783
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
37,787,783
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
566,817
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
37,220,966
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,861,048
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
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
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
6,235,461
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
6,235,461
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  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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
2004-02-04
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
1,861,048 1,757,724 2,039,786 2,300,152 7,958,710
b 85% (0.85) of line 2a ......... 1,581,891 1,494,065 1,733,818 1,955,129 6,764,904
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		6,235,461 5,540,333 4,633,320 4,065,031 20,474,145
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 0 0
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		6,235,461 5,540,333 4,633,320 4,065,031 20,474,145
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		1,240,699 1,171,816 1,359,857 1,533,435 5,305,807
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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
Cary Fowler


164 Mountain View Road
Rhinebeck,NY12572 		None I 2024 World Food Prize Laureate 250,000
Geoffrey Charles Hawtin


Manor Farm House 17 Front Street
Portesham    
UK 		None I 2024 World Food Prize Laureate 250,000
Total .................................right arrow 3a 500,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
aSymposium Registration         515,411
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 2,271,157  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 265,552  
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 -90,448  
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 2,446,261 515,411
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,961,672
(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.)
1a Symposium to educate and create awareness.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
World Food Prize Foundation
 
Employer identification number

42-1356715
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ADM
 
4666 Faries Parkway
 
Decatur, IL62526

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Bankers Trust Company
 
453 7th Street
 
Des Moines, IA50306

$ 150,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
Bill and Karen Hess
 
PO Box 967
 
Carroll, IA51401

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
Branstad Churchill Group LLC
 
664 56th Street
 
Des Moines, IA50312

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
Bruere Realty
 
12119 Stratford Drive Suite B
 
Clive, IA50325

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
BWG Trust
 
303 Locust Street Suite 150
 
Des Moines, IA50309

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
Cargill Incorporated
 
15407 McGinty Rd
 
Wayzata, MN55391

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
Cary Fowler
 
164 Mountain View Road
 
Rhinebeck, NY12572

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
Central Valley AG
 
5509 Langworth Road
 
Oakdale, CA95361

$ 250,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
Chevron
 
6001 Bollinger Canyon Rd Bldg E 2nd
 
San Ramon, CA94583

$ 104,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
ChubbAce American Insurance Co
 
PO Box 1444
 
Richmond, IN47375

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
City of Des Moines
 
400 Robert D Ray Drive
 
Des Moines, IA50309

$ 75,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
13
Corteva
 
974 Centre Rd Chestnut Run Plaza 73
 
Wilmington, DE19805

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
14
Craig Hill
 
10438 213th Avenue
 
Ackworth, IA50001

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
15
Cynthia & Robert Milligan
 
1203 N 141st Avenue
 
Omaha, NE68154

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
16
Daniel and Joan Houston
 
801 Grand Avenue
 
Des Moines, IA50309

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
17
David Young
 
31276 Champagne Road
 
Waukee, IA50263

$ 12,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
18
DLL Finance
 
PO Box 2000
 
Johnston, IA50131

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
19
DMACC
 
2006 S Ankeny Blvd
 
Ankeny, IA50023

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
20
Don Lamberti
 
210 NE Delaware Avenue Suite 200
 
Ankeny, IA50021

$ 75,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
21
FBL Financial Group
 
5400 University Avenue
 
West Des Moines, IA50266

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
22
First Citizens National Bank
 
2601 4th Street SW
 
Mason City, IA50402

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
23
Fraley Family
 
1034 S Brentwood Blvd Suite 1490
 
St Louis, MO63117

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
24
Greater Des Moines Partnership
 
700 Locust Street Suite 100
 
Des Moines, IA50309

$ 6,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
25
Heart of America Management
 
1501 River Drive
 
Moline, IL61265

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
26
Himalaya LTD
 
Room 1227 Boya Tntl Center N1 Wangj
 
Beijing,     CH

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
27
Hormel Foods Corp
 
1 Hormel Place
 
Austin, MN55912

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
28
Hy Vee Inc
 
5820 Westown Parkway
 
West Des Moines, IA50266

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
29
Iowa Beef Industry Council
 
2055 Ironwood CT
 
Ames, IA500100451

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
30
Iowa Farm Bureau
 
5400 University Avenue
 
West Des Moines, IA50266

$ 17,500


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
31
Iowa Grocery Industry Association
 
2540 106th Street Suite 102
 
Urbandale, IA50322

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
32
Iowa Savings Bank Charitable Foundation
 
510 W US Hwy 30
 
Carroll, IA51401

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
33
Iowa Soybean Association
 
1255 Prairie Trail Pkwy
 
Ankeny, IA50023

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
34
Jeanie and Joe Crookham
 
100 1st Avenue W
 
Oskaloosa, IA52577

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
35
Jim and Marcia Borel
 
6597 Nicholas BlvdUnit 1701
 
Naples, FL34108

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
36
John Deere
 
1 John Deere Pl
 
Moline, IL61265

$ 750,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
37
John Ruan Foundation Trust
 
11207 NW Aurora Avenue
 
Urbandale, IA50322

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
38
JB Williams
 
4008 Highwood Ct NW
 
Washington, DC20007

$ 5,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
39
Kolschowsky Foundation
 
5235 Walnut Avenue Suite 1
 
Downers Grove, IL60515

$ 300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
40
Merchant Foundation Inc of Iowa
 
2130 McCarthy Road
 
Ames, IA50014

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
41
Mid American Energy
 
666 Grand Avenue
 
Des Moines, IA50309

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
42
Millennium Challenge Corp
 
1099 14th Street NW Suite 700
 
Washington, DC20005

$ 20,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
43
Myron Stine
 
29333 Woodland Hills Drive
 
Dallas Center, IA50063

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
44
National Geographic Society
 
1145 17th Street NW
 
Washington, DC20036

$ 23,750


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
45
Neumann Brothers
 
1435 Ohio Street
 
Des Moines, IA50314

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
46
Pepsico Inc
 
700 Anderson Hill Rd
 
Purchase, NY10577

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
47
Perficut Companies
 
6535 NE 14th Street
 
Des Moines, IA50313

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
48
Prairie Meadows
 
1 Prairie Meadows Drive
 
Altoona, IA50009

$ 90,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
49
Richard and Joan Stark Foundation
 
1422 Central Avenue
 
Fort Dodge, IA50501

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
50
Robert and Caroline Baur
 
1915 Grand Avenue
 
Des Moines, IA50309

$ 75,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
51
Roswell & Elizabeth Garst Fdtn
 
PO Box 967
 
Carroll, IA51401

$ 6,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
52
Shazam
 
6700 Pioneer Parkway
 
Johnston, IA50131

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
53
State of Iowa
 
200 East Grand Avenue
 
Des Moines, IA50309

$ 650,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
54
Ted And Rowena Crosbie Foundation
 
35054 Filmore Ct
 
Earlham, IA50072

$ 40,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
55
The Mosaic Company
 
3033 Campus Dr Suite E490
 
Plymouth, MN55441

$ 75,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
56
The Tangerine Food Company
 
4000 Stonebridge Road
 
West Des Moines, IA50265

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
57
Thomas Schaefer
 
7012 SE Harbor Circle
 
Stuart, FL34996

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
58
United Soybean Board
 
16305 Swingley Ridge Road 150
 
Chesterfield, MO63017

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
59
US Department of Agriculture
 
PO Box 60000
 
New Orleans, LA70160

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
60
USSEC
 
16305 Swingley Ridge Road 150
 
Chesterfield, MO63017

$ 25,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
61
Wallace Genetics Foundation
 
4910 Massachusetts Ave NW
 
Washington, DC20016

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
62
WISHH
 
12647 Olive Blvd Suite 410
 
St Louis, MO63141

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
63
WK Kellogg Foundation
 
1 Michigan Avenue
 
East Battle Creek, MI49017

$ 25,000


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
World Food Prize Foundation
  		Employer identification number

42-1356715
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
World Food Prize Foundation
  		Employer identification number

42-1356715
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Audit Fees 26,040 0 0 23,715

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Furniture and Fixtures   4,150,042 4,017,842   0 % 0 0 0  
Artwork and Sculptures   3,117,847 645,536   0 % 0 0 0  
Leasehold Improvements   26,471,379 9,693,199   0 % 0 0 0  

TY 2024 InvestmentsCorpStockSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Name of Stock End of Year Book Value End of Year Fair Market Value
Abercrombie & Fitch Co 149,470 149,470
Air Products & Chemicals 203,028 203,028
Air Products & Chemicals 87,012 87,012
Alpine Income Property 16,790 16,790
Alpine Income Property 16,790 16,790
Alpine Income Property 16,790 16,790
Amazon Com Inc 219,390 219,390
Amazon Com Inc 109,695 109,695
American Water Works 149,388 149,388
Ares Capital Corp 126,962 126,962
Ares Capital Corp 31,740 31,740
Ares Capital Corp 61,292 61,292
Broadstone Net Lease 31,720 31,720
Broadstone Net Lease 31,720 31,720
Capital Southwest Corp 80,734 80,734
Caseys General Stores 39,623 39,623
Caseys General Stores 79,246 79,246
Caseys General Stores 79,246 79,246
Cava Group Inc 112,800 112,800
Chevron Corp 217,260 217,260
Colgate Palmolive Co 127,274 127,274
Colgate Palmolive Co 127,274 127,274
Corebridge Financial Inc 29,930 29,930
Corebridge Financial Inc 29,930 29,930
Crescent Energy Co 17,897 17,897
CSX Corp 32,270 32,270
CSX Corp 32,270 32,270
Deere & Co 127,110 127,110
Deere & Co 42,370 42,370
Deere & Co 42,370 42,370
Deere & Co 42,370 42,370
Dollar General Corp 90,984 90,984
Exxon Mobil Corp 107,570 107,570
Exxon Mobil Corp 107,570 107,570
Freeport McMoran 114,240 114,240
Freeport McMoran 38,080 38,080
HNI Corp 100,740 100,740
HNI Corp 50,370 50,370
Intel Corp 330,664 330,664
!shares China Large Cap 91,320 91,320
!shares China Large Cap 60,880 60,880
Johnson Controls Intl 78,930 78,930
Johnson Controls Intl 78,930 78,930
Lauder Estee Cos Inc 37,490 37,490
Lauder Estee Cos Inc 37,490 37,490
Lowes Companies Inc 123,400 123,400
Lowes Companies Inc 123,400 123,400
Microsoft Corp 126,450 126,450
Microsoft Corp 84,300 84,300
Microsoft Corp 126,450 126,450
Netflix.com 89,132 89,132
Netflix.com 89,132 89,132
Nextera Energy 71,690 71,690
Nextera Energy 71,690 71,690
Novo Nordisk 172,040 172,040
Oneok Inc 200,800 200,800
Oneok Inc 100,400 100,400
Pfizer Inc 58,366 58,366
Pfizer Inc 26,530 26,530
Pfizer Inc 74,284 74,284
Principal Financial Group 90,028 90,028
RPM International Inc 246,120 246,120
RTX Corp 173,580 173,580
RTX Corp 115,720 115,720
Sixth Street Specialty Lending 143,498 143,498
Trinity Capital Inc 101,290 101,290
Uber Technologies Inc 180,960 180,960
Union Pacific Corp 68,412 68,412
Union Pacific Corp 45,608 45,608
Unitedhealth Group Inc 151,758 151,758
Unitedhealth Group Inc 50,586 50,586
US Bancorp 47,830 47,830
Wells Fargo & Co 245,840 245,840
WK Kellogg Company 179,900 179,900
Workday Inc 129,015 129,015
Workday Inc 129,015 129,015
BGC Group Inc 467,104 467,104
Barings BOC Inc 419,984 419,984
Concentrix Corp 373,226 373,226
Ally Financial 198,820 198,820
F&G Annuities & Life Inc 242,530 242,530
Xerox Corporation 60,100 60,100
Western Union Co 101,254 101,254
Western Union Co 253,135 253,135
VF Corp 392,312 392,312
Motorola Inc 511,630 511,630
Motorola Inc 511,630 511,630
Nordstrom Inc 233,210 233,210
Pacificorp First Mortgage 102,006 102,006
Xerox Corporation 98,253 98,253
Reynolds American Inc 392,867 392,867
Kinder Morgan 311,700 311,700
Paramount Global (Was CBS Corp) 438,455 438,455
International Paper Co 813,134 813,134
Energy Transfer Partners 436,698 436,698
Western Gas Partners 222,543 222,543
Altria Group Inc 175,925 175,925
Columbia/HCA Inc 304,300 304,300
Ford Motor Co 517,505 517,505
Ford Motor Co 517,505 517,505
Federal Express 585,095 585,095
Bank of Montreal 1,992,040 1,992,040
Arcelormittal 534,245 534,245
Banco Santander 629,670 629,670
Societe Generale 225,525 225,525
Royal Bank of Canada 486,600 486,600
Fidelity Funds 1,249 1,249
Allianz Diversified Income 175,600 175,600
Allianz Diversified Income 13,619 13,619
Calamos Dynamic Fund 243,050 243,050
Calamos Dynamic Fund 16,421 16,421
Tekla World Healthcare 55,050 55,050
Tekla World Healthcare 4,116 4,116
AG Mortgage Invest 126,100 126,100
Arch Cap Group Ser G 358,000 358,000
Aspen Insurance Holding 193,000 193,000
Athene Holdings 367,800 367,800
Athene Holdings 410,800 410,800
Bank of America Corp Ser SS 99,840 99,840
Bank of America Corp Ser Q 372,000 372,000
Bank OZK 638,400 638,400
BIP Bermuda 673,600 673,600
Brookfield 157,800 157,800
Brookfield 499,800 499,800
Brookfield 237,900 237,900
Brookfield 319,543 319,543
Brookfield 666,400 666,400
Capital One Financial Corp Ser I 95,100 95,100
Capital One Financial Corp Ser K 271,350 271,350
Charles Schwab Pref Ser J 292,650 292,650
Chimera Inv Corp 502,800 502,800
CHS Inc Class B 256,700 256,700
DTE Energy Ser G 366,800 366,800
Heartland Fin USA Ser E 891,450 891,450
Hudson Pacific 329,705 329,705
Huntington Bancshares 513,880 513,880
JP Morgan Chase & Co Ser LL 833,200 833,200
KKR Group 457,250 457,250
M&T Bank Corp 212,960 212,960
Midcap Fin Investment 203,681 203,681
Morgan Stanley 368,200 368,200
New Mtn Fin 1,047,200 1,047,200
New York Mort Ser G 750,824 750,824
Partnerre LTD 86,626 86,626
Pennymac Ser C 378,000 378,000
Public Storage Ser Q 184,559 184,559
Public Storage Ser S 158,670 158,670
Ready Capital Corp 176,400 176,400
SCE Tr VI 95,500 95,500
Stifel Financial Ser D 528,600 528,600
SVB Financial Trust 297 297
Truist Financial 386,000 386,000
Vornado Realty Ser O 63,200 63,200
Washington Fed Inc 335,400 335,400
Wells Fargo & Co 188,500 188,500
Wells Fargo & Co Ser DD 182,300 182,300
Wells Fargo & Co Ser AA 159,920 159,920

TY 2024 LandEtcSchedule2
Name:
World Food Prize Foundation
EIN:
42-1356715
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 4,150,042 4,017,842 132,200  
Artwork and Sculptures 3,117,847 645,536 2,472,311  
Leasehold Improvements 26,471,379 9,693,199 16,778,180  


TY 2024 LegalFeesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 18,040 0 0 18,098


TY 2024 OtherDecreasesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Description Amount
Unrealized Loss on Investments 326,892


TY 2024 OtherExpensesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office Expense 470,936 0 0 457,975
Production Expenses 457,386 0 0 453,453
Hall of Laureates 405,429 0 0 405,349
Internship/Youth Expenses 508,890 0 0 524,751
Symposium 1,302,337 0 0 1,609,097
Security 28,730 28,730 0 0
Hunger Summit 8,933 0 0 8,610


TY 2024 OtherIncomeSchedule2
Name:
World Food Prize Foundation
EIN:
42-1356715
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Symposium Registration 515,411   515,411


TY 2024 OtherProfessionalFeesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Other Professional Fees 120,931 0 0 141,631


TY 2024 TaxesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Excise Tax 35,066 0 0 0
Foreign Taxes 841 0 0 0