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
ELLISON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)400 112TH AVE NE 230
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BELLEVUE, WA98004
A Employer identification number

91-6557865
B Telephone number (see instructions)

(425) 450-2300
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$45,927,607J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 110 110  
4 Dividends and interest from securities... 1,153,382 1,153,382  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,595,692
b Gross sales price for all assets on line 6a 32,486,643
7 Capital gain net income (from Part IV, line 2)... 3,595,692
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........ 4,749,184 4,749,184  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 152,140 0   152,140
14 Other employee salaries and wages...... 10,500 0   10,500
15 Pension plans, employee benefits....... 23,338 0   23,338
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
94,993 94,593   400
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
78,749 2,749   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,182 0   4,419
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,101 203   5,898
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 371,003 97,545   196,695
25 Contributions, gifts, grants paid....... 2,593,481 2,593,481
26 Total expenses and disbursements. Add lines 24 and 25 2,964,484 97,545   2,790,176
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,784,700
b Net investment income (if negative, enter -0-) 4,651,639
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,242,987 838,978 838,978
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 24,829,963 Click to see attachment
List of Attached Documents:
// Content
27,834,630 		27,834,630
c Investments—corporate bonds (attach schedule)....... 16,203,018 Click to see attachment
List of Attached Documents:
// Content
16,906,560 		16,906,560
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).......... 401,119 Click to see attachment
List of Attached Documents:
// Content
347,439 		347,439
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,677,087 45,927,607 45,927,607
Liabilities 17 Accounts payable and accrued expenses.......... 3,934 3,980
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 3,934 3,980
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 42,673,153 45,923,627
29 Total net assets or fund balances (see instructions)..... 42,673,153 45,923,627
30 Total liabilities and net assets/fund balances (see instructions). 42,677,087 45,927,607
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
42,673,153
2
Enter amount from Part I, line 27a .....................
2
1,784,700
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,465,774
4
Add lines 1, 2, and 3 ..........................
4
45,923,627
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
45,923,627
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 UBS 01829-PUBLICLY TRADED SECURITIES      
b UBS 01829-WASH SALE LOSS DISALLOWED      
c UBS 01831-PUBLICLY TRADED SECURITIES      
d UBS 01831-WASH SALE LOSS DISALLOWED      
e UBS 01829-PUBLICLY TRADED SECURITIES      
UBS 01831-PUBLICLY TRADED SECURITIES      
UBS 01831-WASH SALE LOSS DISALLOWED      
UBS 03105-PUBLICLY TRADED SECURITIES      
UBS 03105-PUBLICLY TRADED SECURITIES      
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,363,257   9,228,176 135,081
b       1,257
c 1,269,808   1,258,012 11,796
d       7
e 14,969,773   14,360,178 609,595
1,533,698   1,420,126 113,572
      36
858,244   778,851 79,393
4,491,522   1,846,908 2,644,614
341     341
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       135,081
b       1,257
c       11,796
d       7
e       609,595
      113,572
      36
      79,393
      2,644,614
      341
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 3,595,692
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 64,658
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 64,658
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 64,658
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 74,960
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 89,960
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 25,302
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow25,302 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 arrowWA
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 arrowN/A
14
The books are in care ofright arrowLEGACY CAPITAL Telephone no.right arrow (425) 450-2300

Located atright arrow400 112TH AVE NE STE 230BELLEVUEWA ZIP+4right arrow98004
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
THOMAS ELLISON PRESIDENT
5.00 		0 0 0
C/O LEGACY COMPANIES 400 112TH AVE
NE SUITE 230
BELLEVUE,WA98004
MAUREEN SUE ELLISON V. PRESIDENT
4.00 		0 0 0
C/O LEGACY COMPANIES 400 112TH AVE
NE SUITE 230
BELLEVUE,WA98004
ROBERT HURLBUT FOUNDATION DIRECTOR
40.00 		152,140 10,222 0
400 112TH AVE NE STE 230
BELLEVUE,WA98004
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
44,363,894
b
Average of monthly cash balances.......................
1b
743,075
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
45,106,969
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
45,106,969
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
676,605
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
44,430,364
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,221,518
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
2,221,518
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
64,658
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
64,658
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,156,860
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,156,860
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
2,156,860
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
2,790,176
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
2,790,176
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 2,156,860
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...... 433,881
b From 2020...... 1,254,566
c From 2021...... 519,787
d From 2022...... 838,626
e From 2023...... 830,952
f Total of lines 3a through e ........ 3,877,812
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,790,176
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..... 2,156,860
e Remaining amount distributed out of corpus 633,316
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 4,511,128
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) ... 		433,881
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,077,247
10 Analysis of line 9:
a Excess from 2020.... 1,254,566
b Excess from 2021.... 519,787
c Excess from 2022.... 838,626
d Excess from 2023.... 830,952
e Excess from 2024.... 633,316
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).)
THOMAS ELLISON
MAUREEN SUE ELLISON
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 e-mail address of the person to whom applications should be addressed:
BOB HURLBUT
400 112TH AVE NE STE 230
BELLEVUE,WA98004
(425) 460-4380
bThe form in which applications should be submitted and information and materials they should include:
ELLISON-FOUNDATION.ORG
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
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

ART CORPS

4408 DELRIDGE WAY SW 110
SEATTLE,WA98106 		  PC ARTS EDUCATION 10,000

BASTYR UNIVERSITY

14500 JUANITA DR NE
KENMORE,WA98028 		  PC NATURAL HEALTH EDUCATION 10,000

BATTLE GROUND PUBLIC SCHOOLS

300 W MAIN ST
BATTLE GROUND,WA98604 		  PC EDUCATION 6,200

BELLEVUE LIFESPRING

302 BELLEVUE SQUARE
BELLEVUE,WA98004 		  PC HUMAN SERVICES 26,500

BLAINE COUNTY CHARITABLE FUND

PO BOX 265
HAILEY,ID83333 		  PC GREATEST NEED 10,000

BOYS & GIRLS CLUBS OF KING COUNTY

603 STEWART ST STE 300
SEATTLE,WA98101 		  PC YOUTH SERVICES 10,000

BROTHERS FOR LIFE

270 S HANFORD ST STE 207
SEATTLE,WA98134 		  PC HUMAN SERVICES 100,000

BUSINESSES ENDING SLAVERY & TRAFFICKING

1201 1ST AVE S STE 321
SEATTLE,WA98134 		  PC SJC SUPPORT 15,000

CAMP KOREY

24880 BROTHERHOOD RD
MOUNT VERNON,WA98274 		  PC YOUTH SERVICES 50,000

CATHOLIC COMMUNITY SERVICES OF WESTERN WASHINGTON

100 23RD AVE S
SEATTLE,WA98144 		  PC HUMAN SERVICES 100

COCOON HOUSE

3530 COLBY AVE
EVERETT,WA98201 		  PC HOMELESSNESS 10,000

DAWSON PLACE

1509 CALIFORNIA ST
EVERETT,WA98201 		  PC CHILD ADVOCACY 25,000

DEGREES OF CHANGE

PO BOX 1573
TACOMA,WA98401 		  PC SEED INTERNSHIPS 15,000

DOG GONE

23525 FITZGERALD RD
BOTHELL,WA98021 		  PC VET CARE 20,000

EASTSIDE LEGAL ASSISTANCE PROGRAM

1239 120TH AVE NE STE J
BELLEVUE,WA98005 		  PC LEGAL SERVICES 15,000

ELIZABETH GREGORY HOME

1604 NE 50TH ST
SEATTLE,WA98105 		  PC HUMAN SERVICES 15,500

FAMILY LAW CASA

16300 CHRISTENSEN RD STE 306
TUKWILA,WA98188 		  PC PROVIDE ADVOCATES FOR CHILDREN 15,000

FAMILY PROMISE

2002 E MISSION AVE
SPOKANE,WA99202 		  PC HOMELESSNESS 10,000

FAR WISE

PO BOX 4282
HAILEY,WA83333 		  PC YOUTH EDUCATION 10,000

FIRST TEE SEATTLE

PO BOX 390
LYNNWOOD,WA98046 		  PC GOLF EDUCATION 1,100

FRED HUTCHINSON CANCER RESEARCH

1100 FAIRVIEW AVE N
SEATTLE,WA98109 		  PC CANCER RESEARCH 150,000

FUSION HOUSING

PO BOX 23934
FEDERAL WAY,WA98093 		  PC HOUSING 5,000

THE GARAGE

235 1ST AVE SE
ISSAQUAH,WA98027 		  PC TEEN CAFE 5,000

GIRLS INC

4800 S MACADAM AVE STE 309
PORTLAND,OR97239 		  PC GIRLS ADVOCACY 15,000

GRAHAM ELEMENTARY

10026 204TH ST E
GRAHAM,WA98338 		  PC EDUCATION 3,000

GRAND MOUND ELEMENTARY

7710 JAMES RD
ROCHESTER,WA98579 		  PC EDUCATION 5,500

HELPING HEARTS & HANDS

PO BOX 201
GOODING,ID83330 		  PC HUMAN SERVICES 2,500

HIGHLAND ELEMENTARY

1432 HIGHLAND AVE
CLARKSTON,WA99493 		  PC EDUCATION 9,200

HIGHLINE SCHOOL DISTRICT

19835 8TH AVE S
DES MOINES,WA98148 		  PC EDUCATION 6,000

INNOVATIONS HTC

4317 6TH AVE SE STE 101
LACEY,WA98503 		  PC HUMAN TRAFFICKING 10,000

KAUAI BIBLE CHURCH

2-4131 KAUMUALII HWY
KOLOA,HI96756 		  PC EDUCATION 100

KIDVANTAGE

1510 NW MAPLE ST
ISSAQUAH,WA98027 		  PC HUMAN SERVICES 50,000

KINDERING

16120 NE 8TH ST
BELLEVUE,WA98008 		  PC HEALTHCARE 25,000

LA CENTER MIDDLE SCHOOL

2001 NE LOCKWOOD CREEK RD
LA CENTER,WA98629 		  PC EDUCATION 7,500

LAHAI HEALTH

19820 SCRIBER LAKE RD STE 2
LYNNWOOD,WA98036 		  PC HEALTHCARE 20,000

LEMAY CAR MUSEUM

2702 EAST D ST
TACOMA,WA98421 		  PC GENERAL OPERATIONS 25,000

LITERACY SOURCE

3200 NE 125TH ST
SEATTLE,WA98125 		  PC EDUCATION 25,000

LITTLE BIT THERAPEUTIC RIDING

18675 NE 106TH ST
REDMOND,WA98052 		  PC HUMAN SERVICES 20,000

LIVING WELL KENT

24604 104TH AVE SE STE 102
KENT,WA98030 		  PC HEALTH & WELLNESS 15,000

MADISON ELEMENTARY

907 E FIR ST
MOUNT VERNON,WA98273 		  PC EDUCATION 6,500

MARY'S PLACE

PO BOX 1711
SEATTLE,WA98111 		  PC HOMELESS NEEDS 252,000

MERCER ISLAND YOUTH & FAMILY SERVICES FDTN

PO BOX 1084
MERCER ISLAND,WA98040 		  PC HUMAN SERVICES 1,000

MIGRANT JUSTICE

179 S WINOOSKI AVE UNIT 202
BURLINGTON,VT05401 		  PC HUMAN RIGHTS 10,000

NOB HILL ELEMENTARY

801 S 34TH ST
YAKIMA,WA98902 		  PC EDUCATION 2,500

NORTHWEST EDUCATION ACCESS

6920 ROOSEVELT WAY NE 355
SEATTLE,WA98115 		  PC EDUCATION 50,000

OVERLAKE MEDICAL CENTER FOUNDATION

1035 116TH AVE NE
BELLEVUE,WA98004 		  PC HEALTHCARE 200,000

PATRONICITY

39 MAIN ST
MONTPELIER,VT05602 		  PC COMMUNITY SUPPORT 7,500

PETERSEN AUTOMOTIVE MUSEUM

6060 WILSHIRE BLVD
LOS ANGELES,CA90036 		  PC MUSEUM 5,500

PISTON FOUNDATION

PO BOX 4600
GREENWICH,CT06830 		  PC EDUCATION 10,000

RAIN INC

601 E 5TH ST STE 470
CHARLOTTE,NC28202 		  PC HUMAN SERVICES 200

RAINIER ATHLETES

3120 139TH AVE SE 5TH FLR
BELLEVUE,WA98005 		  PC EDUCATION, YOUTH SERVICES 15,000

RAINIER SCHOLARS

2400 24TH AVE S STE 360
SEATTLE,WA98144 		  PC EDUCATION 29,500

READING PARTNERS

3250 AIRPORT WAY S STE 642
SEATTLE,WA98134 		  PC EDUCATION 15,000

RECOVERY CAFE

2222 BOREN AVE
SEATTLE,WA98121 		  PC COUNSELING PROGRAMS 25,000

REST

4215 RAINIER AVE S STE B
SEATTLE,WA98118 		  PC HUMAN SERVICES 10,000

RIDGEFIELD SCHOOL DISTRICT

510 PIONEER ST
RIDGEFIELD,WA98642 		  PC EDUCATION 20,200

RWANDA GIRLS INITIATIVE

PO BOX 325
MEDINA,WA98039 		  PC YOUTH SERVICES 25,000

SALVATION ARMY

111 QUEEN ANNE AVE N
SEATTLE,WA98109 		  PC BASIC DAILY NEEDS 50,000

SCARLET ROAD

PO BOX 378
BREMERTON,WA98337 		  PC HUMAN SERVICES 10,000

SEATTLE ACADEMY

1201 E UNION ST
SEATTLE,WA98122 		  PC EDUCATION 30,000

SEATTLE AQUARIUM

1483 ALASKAN WAY PIER 59
SEATTLE,WA98101 		  PC SCHOOL AND PUBLIC PROGRAMS 25,000

SEATTLE CHILDREN'S FOUNDATION

PO BOX 5371
SEATTLE,WA98145 		  PC HOMELESSNESS PREVENTION 100,000

SEATTLE POLICE FOUNDATION

PO BOX 456
SEATTLE,WA98111 		  PC COMMUNITY SERVICES 5,000

SEATTLE UNIVERSITY

901 12TH AVE
SEATTLE,WA98122 		  PC EDUCATION / GYM CONSTRUCTION 50,000

SPOKANE SCHOOL DISTRICT

200 N BERNARD
SPOKANE,WA99201 		  PC VTS TRAINING 2,500

STOLEN YOUTH

3101 E MADISON ST STE 2
SEATTLE,WA98112 		  PC YOUTH INTERVENTION 1,000

SUMMER SEARCH

635 ANDOVER PARK W BLDG 8 STE 200
TUKWILA,WA98188 		  PC EDUCATION 15,000

SUMMIT COMMUNITY CENTER

1830 BROADWAY STE 102C
SEATTLE,WA98122 		  PC HUMAN SERVICES 2,581

TEACH FOR AMERICA

25 BROADWAY 12TH FLR
NEW YORK,NY10004 		  PC EDUCATION 25,000

TUKWILA SCHOOL DISTRICT

4415 S 150TH ST
TUKWILA,WA98188 		  PC EDUCATION 8,000

UNITED WAY OF KING COUNTY

720 2ND AVE
SEATTLE,WA98104 		  PC SAFETY NET FUND 100,000

UNIVERSITY OF WASHINGTON

PO BOX 359505
SEATTLE,WA98195 		  PC MEDICAL 2,500

UNIVERSITY OF WASHINGTON FOUNDATION

4333 BROOKLYN AVE NE
SEATTLE,WA98195 		  PC EDUCATION-BROTHERHOOD INITIATIVE 200,000

VINE MAPLE PLACE

PO BOX 1092
MAPLE VALLEY,WA98038 		  PC HOMELESSNESS 100,000

VISION HOUSE

PO BOX 2951
RENTON,WA98056 		  PC HOMELESSNESS 50,000

WESTSIDE BABY

10002 14TH AVE SW
SEATTLE,WA98146 		  PC YOUTH NEEDS 30,000

WOOD RIVER COMMUNITY YMCA

101 SADDLE RD
KETCHUM,ID83340 		  PC YOUTH SERVICES 10,000

WOODLAND PARK ZOO

5500 PHINNEY AVE N
SEATTLE,WA98103 		  PC EDUCATION PROGRAMS 500

YWCA

1118 FIFTH AVE
SEATTLE,WA98101 		  PC PASSAGE POINT OPERATIONS 15,000

ACCESS WALK

PO BOX 2884
LEAVENWORTH,WA98826 		  PC SAFE ABORTION SERVICES 1,000

AMERICAN CANCER SOCIETY

PO BOX 6704
HAGERSTOWN,MD21741 		  PC END CANCER 100

AMON CREEK ELEMENTARY

18 CENTER PARKWAY
RICHLAND,WA99352 		  PC EDUCATION 3,000

ARCH COMMUNITY HOUSING

PO BOX 1292
KETCHUM,ID88340 		  PC HOUSING 50,000

THE ARGYROS PERFORMING ARTS CTR

120 S MAIN ST
KETCHUM,ID88340 		  PC PERFORMING ARTS 15,000

BAYSIDE HOUSING SERVICES

PO BOX 927
PORT HADLOCK,WA98339 		  PC HOT MEAL PROGRAM 5,000

BEACHWOOD ELEMENTARY SCHOOL

8890 CONCORD ST
JBLM,WA98433 		  PC EDUCATION 3,000

BENEVOLENCE & BEYOND

112 S APPLE ST
SHOSHONE,ID83352 		  PC SOCIAL SERVICES 2,500

CAMAS COMMUNITY PANTRY

PO BOX 52
FAIRFIELD,ID83327 		  PC FOOD PANTRY 1,500

CANINE COMPANIONS

2965 DUTTON AVE
SANTA ROSA,CA95407 		  PC SERVICE DOGS 5,000

EASTSIDE FC

PO BOX 284
PRESTON,WA98050 		  PC YOUTH SOCCER 1,250

ELEPHANT HAVENS WILDLIFE FOUNDATION

4104 CALCULUS DR
DALLAS,TX75244 		  PC PRESERVATION OF ELEPHANTS 10,000

EMPOWERS AFRICA

2 BEEKMAN PL STE 18B
NEW YORK,NY10022 		  PC WILDLIFE PROTECTION 5,000

FAMILY FIRST COMMUNITY CTR FDTN

16200 116TH AVE SE
RENTON,WA98058 		  PC SOCIAL SERVICES 36,500

GRASSROOT PROJECTS

314 210TH CT SE
SAMMAMISH,WA98074 		  PC HUMAN SERVICES 5,000

MAKE-A-WISH FOUNDATION

811 1ST AVE STE 620
SEATTLE,WA98104 		  PC CHILD SERVICES 10,000

PORCHLIGHT

13668 SE EASTGATE WAY
BELLEVUE,WA98005 		  PC HOMELESSNESS 10,000

PURRFECT PALS

230 MCRAE RD NE
ARLINGTON,WA98223 		  PC CAT CARE 300

SEQUIM SCHOOL DISTRICT

503 N SEQUIM AVE
SEQUIM,WA98382 		  PC EDUCATION 4,000

SOUND BEHAVIORAL HEALTH

6400 SOUTHCENTER BLVD
TUKWILA,WA98188 		  PC HUMAN SERVICES 10,000

SUN VALLEY MUSEUM OF ART

PO BOX 656
SUN VALLEY,ID83353 		  PC MUSEUM 5,150

SUN VALLEY TOUR DE FORCE

PO BOX 3658
KETCHUM,ID83340 		  PC HUNGER 100,000

YELM COMMUNITY SCHOOLS

35120 SR 507 S
MCKENNA,WA98558 		  PC EDUCATION 10,000

YOUNG WOMEN EMPOWERED

5623 RAINIER AVE S
SEATTLE,WA98118 		  PC HUMAN SERVICES 10,000
Total .................................right arrow 3a 2,593,481
bApproved for future payment

CRISTO REY SEATTLE HIGH SCHOOL
1023 COLUMBIA ST
SEATTLE,WA98104 		  PC EDUCATION 1,000,000
Total ................................. right arrow 3b 1,000,000
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 ........... 		    14 110  
4 Dividends and interest from securities ....     14 1,153,382  
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 3,595,692  
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 4,749,184 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,749,184
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 InvestmentsCorpBondsSchedule
Name:
ELLISON FOUNDATION
EIN:
91-6557865
Name of Bond End of Year Book Value End of Year Fair Market Value
FIXED INCOME UBS AC 01829 14,862,384 14,862,384
FIXED INCOME UBS AC 01831 2,044,176 2,044,176

TY 2024 InvestmentsCorpStockSchedule
Name:
ELLISON FOUNDATION
EIN:
91-6557865
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITIES UBS AC 01829 17,831,328 17,831,328
EQUITIES UBS AC 01831 4,184,749 4,184,749
EQUITIES UBS AC 03105 5,818,553 5,818,553

TY 2024 InvestmentsOtherSchedule2
Name:
ELLISON FOUNDATION
EIN:
91-6557865
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACCRUED INTEREST FMV 26 26
GSO PRIVATE INVESTORS OFFSHORE II FMV 31,755 31,755
PROVIDENCE DEBT III FMV 34,184 34,184
WARBURG PINCUS ENERGY FMV 186,740 186,740
PEG SECONDARY PRIV EQUITY III FMV 94,734 94,734

TY 2024 OtherExpensesSchedule
Name:
ELLISON FOUNDATION
EIN:
91-6557865
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LICENSES & FEES 85 60   25
DUES, SUBSCRIPTIONS, BOOKS 3,526 0   3,526
OFFICE SUPPLIES & EQUIPMENT 1,433 143   1,290
PHONE 720 0   720
MISCELLANEOUS 337 0   337


TY 2024 OtherIncreasesSchedule
Name:
ELLISON FOUNDATION
EIN:
91-6557865
Description Amount
UNREALIZED GAINS (LOSSES) ON INVESTMENTS 1,465,774


TY 2024 OtherProfessionalFeesSchedule
Name:
ELLISON FOUNDATION
EIN:
91-6557865
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 94,593 94,593   0
WEBSITE DESIGN & MAINTENANCE 400 0   400


TY 2024 TaxesSchedule
Name:
ELLISON FOUNDATION
EIN:
91-6557865
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 2,749 2,749   0
FEDERAL TAXES PAID 76,000 0   0