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
The VF Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

56-2322084
B Telephone number (see instructions)

(800) 839-1754
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$26,196,895J 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) 1,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 9,915 9,915  
4 Dividends and interest from securities... 632,447 632,447  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 817,461
b Gross sales price for all assets on line 6a 7,285,281
7 Capital gain net income (from Part IV, line 2)... 817,461
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........ 2,459,823 1,459,823  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
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
258,848 145,809   113,039
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,330 218    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 9,419     9,419
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
121,341 3,735   117,606
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 404,938 149,762   240,064
25 Contributions, gifts, grants paid....... 3,422,000 3,422,000
26 Total expenses and disbursements. Add lines 24 and 25 3,826,938 149,762   3,662,064
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,367,115
b Net investment income (if negative, enter -0-) 1,310,061
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 93,200 1,019,499 1,019,499
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   3,226    
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) 2,457,645 Click to see attachment
List of Attached Documents:
// Content
2,255,285 		2,266,598
b Investments—corporate stock (attach schedule)....... 22,086,969 Click to see attachment
List of Attached Documents:
// Content
19,921,334 		22,458,900
c Investments—corporate bonds (attach schedule)....... 400,496 Click to see attachment
List of Attached Documents:
// Content
431,718 		405,313
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)..........   Click to see attachment
List of Attached Documents:
// Content
46,585 		46,585
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) 25,041,536 23,674,421 26,196,895
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 25,041,536 23,674,421
29 Total net assets or fund balances (see instructions)..... 25,041,536 23,674,421
30 Total liabilities and net assets/fund balances (see instructions). 25,041,536 23,674,421
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
25,041,536
2
Enter amount from Part I, line 27a .....................
2
-1,367,115
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
23,674,421
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,674,421
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 Publicly-traded Securities      
b
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 7,285,281   6,467,820 817,461
b
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       817,461
b
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 2 817,461
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 18,210
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  
3 Add lines 1 and 2........................... 3 18,210
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 18,210
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 9,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 9,100
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,700
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 10 490
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow490 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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)
 
No
(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
 
 
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
Bracken Darrell Chairman of the Board
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Doug Hassman Dir, Treas
2.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Brent Hyder Vice-Chair of the Board
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jennifer S Sim Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Colin Wheeler Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................right arrow  
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
Morgan Stanley Investment Mgmt 145,809
300 N GREENE ST STE 1700
GREENSBORO,NC27401
Foundation Source Administrative 99,035
55 Walls Drive 3rd Fl
Fairfield,CT06824
Karsh Hagan Philanthropic 78,639
685 S Broadway
Denver,CO80209
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
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
26,191,024
b
Average of monthly cash balances.......................
1b
378,782
c
Fair market value of all other assets (see instructions)................
1c
1,018
d
Total (add lines 1a, b, and c).........................
1d
26,570,824
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
26,570,824
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
398,562
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
26,172,262
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,308,613
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
1,308,613
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
18,210
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
18,210
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,290,403
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,290,403
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
1,290,403
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
3,662,064
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,662,064
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 1,290,403
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...... 5,830,446
b From 2020...... 6,400,252
c From 2021...... 6,170,796
d From 2022...... 6,944,922
e From 2023...... 2,940,541
f Total of lines 3a through e ........ 28,286,957
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,662,064
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..... 1,290,403
e Remaining amount distributed out of corpus 2,371,661
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 30,658,618
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 .......... 		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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		5,830,446
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		24,828,172
10 Analysis of line 9:
a Excess from 2020.... 6,400,252
b Excess from 2021.... 6,170,796
c Excess from 2022.... 6,944,922
d Excess from 2023.... 2,940,541
e Excess from 2024.... 2,371,661
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
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:
THE VF FOUNDATION
1551 WEWATTA STREET
DENVER,CO80202
(720) 778-4000
FOUNDATION@VFC.COM
bThe form in which applications should be submitted and information and materials they should include:
PLEASE VISIT HTTPS://WWW.VFC.COM/RESPONSIBILITY/THE-VF-FOUNDATION
cAny submission deadlines:
January 1 through February 1, 2024
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Qualifying organizations must be recognized as tax-exempt under Section 501(c)(3) of the U.S. Federal Tax Code (or international equivalent).
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

4DWN PROJECT INC

3839 MCKINNEY AVE STE 155 PMB 757
DALLAS,TX75204 		N/A PC Community Centered in Skateboarding: Operational Development 50,000

AMERICAN NATIONAL RED CROSS

444 SHERMAN ST
DENVER,CO80203 		N/A PC for general disaster relief and recovery in the U.S.; Hurricane Helene relief and recovery in North Carolina 75,000

AMERICAN RECREATION COALITION

1203 K ST NW STE 350
WASHINGTON,DC20005 		N/A PC Integration of the Outdoor Recreation Economy Across Sectors 60,000

CATALYST SPORTS INC

2020 HOWELL MILL RD NW STE D560
ATLANTA,GA30318 		N/A PC Adaptive Climbers Festival 25,000

CHURCH HEALTH CENTER OF MEMPHIS INC

1350 CONCOURSE AVE STE 142
MEMPHIS,TN38104 		N/A PC Memphis Rox Programs Operations 25,000

CIVIC CENTER CONSERVANCY

1410 N GRANT ST STE C108
DENVER,CO80203 		N/A PC Civic Center WORKS 35,000

COMMUNITY INITIATIVES

1000 BROADWAY STE 480
OAKLAND,CA94607 		N/A PC Semillitas Outdoors - Supporting Latine Children in Nature 15,000

DENVER PUBLIC SCHOOLS FOUNDATION

1860 LINCOLN ST 10TH FL
DENVER,CO80203 		N/A PC Discovery Link Enrichments 25,000

ENVIRONMENTAL LEARNING FOR KIDS

PO BOX 2167
DENVER,CO80221 		N/A PC Denver Youth Naturally (DYN) program 25,000

ENVIRONMENTAL LEARNING FOR KIDS

PO BOX 2167
DENVER,CO80221 		N/A PC Outside Festival 2024 125,000

FIRST DESCENTS

621 KALAMATH ST STE 175
DENVER,CO80204 		N/A PC First Descents I Expanding Participation and Access to Outdoor Adventure and Psychosocial Support 25,000

FORUM FOR THE FUTURE US INC

77 SANDS ST 6FL
BROOKLYN,NY11201 		N/A PC Growing our Future: Policy Advocacy and Innovative Finance in the Cotton Sector 100,000

GET LIT WORDS IGNITE INC

672 S LA FAYETTE PARK PL NO 10
LOS ANGELES,CA90057 		N/A PC Get Lit Creative Lab 100,000

GREENSBORO CHAMBER FOUNDATION

111 W FEBRUARY 1 PL
GREENSBORO,NC27401 		N/A PC 2023-2027 GROW Greensboro Initiative 100,000

HISTORIC SOUTHSIDE INCORPORATED

1606 MISTLETOE BLVD
FORT WORTH,TX76104 		N/A PC Skate School at Dickies Skate Plaza 25,000

IMPACT FARMING FOUNDATION INC

35 S STATE RD
BRIARCLIFF,NY10510 		N/A PC Regenerative Agriculture Research Enterprise (RARE) 25,000

INDUSTRIAL COMMONS

617 CARBON CITY RD
MORGANTON,NC28655 		N/A PC Digital Inventory System, Implementation Supporting Textile Circularity 25,000

LEICESTER CITY FOOTBALL CLUB TRUST LIMITED

KING POWER STADIUM FILBERT WAY
LEICESTER   LE2 7FL
UK 		N/A PC Urban Foxes 50,000

LEWIS COLLEGE OF BUSINESS

200 WALKER ST
DETROIT,MI48207 		N/A PC PLC Program Pathway - VF x PLC Youth Summer Design Camp 155,000

MCA DENVER

1485 DELGANY ST
DENVER,CO80202 		N/A PC Removing Barriers to Arts Access and Leadership for Denver's Teens 25,000

MYRIAD USA INC

551 FIFTH AVE SUITE 2400
NEW YORK,NY10176 		N/A PC Increasing the Flexibility and Market-Responsiveness of Training Landscapes in Bangladesh and Honduras/Shimmy 225,000

NATIONAL SPORTS CENTER FOR THE DISABLED INC

PO BOX 18889
GOLDEN,CO80402 		N/A PC Opening access to adaptive outdoor recreation for underserved youth with a disability in the Denver area 25,000

NOISYVISION ETS

VIA SAN POLO 10
SANT ANGELO DI PIOVE,PADOVA35020
IT 		N/A PC Inclusive Hikes 25,000

OUTDOOR ALLIANCE

PO BOX 66041
WASHINGTON,DC20035 		N/A PC Building the Outdoor Conservation Movement 30,000

PROTECT OUR WINTERS

1919 14TH ST STE 700
BOULDER,CO80302 		N/A PC Empowering and inspiring the Outdoor State to be the movement for climate 25,000

PROTECT OUR WINTERS EUROPE - ASSOCIATION FOR CLIMA

PEMBAUERSTRABE 21A
INNSBRUCK   6020
AU 		N/A PC Glacier Footprints 142,000

REAL DEAL REVOLUTION

1425 E 1ST ST APT 4
LONG BEACH,CA90802 		N/A PC Real Deal Workshops: Teaching skilled trades for Women 25,000

SKATEISTAN

516 N 68TH ST
SEATTLE,WA98103 		N/A PC Skateistan in a Box & Skate Schools 50,000

SOCIAL GOOD FUND INC

PO BOX 5473
RICHMOND,CA94805 		N/A PC Outdoor Industry Scholarship fund 25,000

SOCIETY FOR THE PROTECTION OF NEW HAMPSHIRE FOREST

54 PORTSMOUTH ST
CONCORD,NH03301 		N/A PC Mt. Major Main Trail Sustainable Trail Construction: Improving Hiker Safety and Protecting Habitat and Natural Resources at Popular New England Outdoor Recreation Destination 25,000

SOIL HEALTH INSTITUTE

2803 SLATER RD STE 115
MORRISVILLE,NC27560 		N/A PC U.S. Regenerative Cotton Fund (USRCF) 250,000

SOLES4SOULS

319 MARTINGALE DR
OLD HICKORY,TN37138 		N/A PC Flood Relief and Recovery in Valencia, Spain 10,000

SOS OUTREACH

PO BOX 2020
AVON,CO81620 		N/A PC SOS Outreach - Expanding Outdoor Industry Career Opportunities for Young People 25,000

SUMMIT FOUNDATION

QUAI PERDONNET 23
VEVEY   CH1800
SZ 		N/A PC Clean-Up Tour 2024 30,000

TRUST FOR PUBLIC LAND

PO BOX 889336
LOS ANGELES,CA90088 		N/A PC Tribal Community Schoolyards and National Trails Activation Fund 250,000

TRUST FOR PUBLIC LAND

PO BOX 889336
LOS ANGELES,CA90088 		N/A PC Youth clinic with athletes at The North Face Climb Fest 5,000

UNITED NATIONS FOUNDATION INC

1750 PENNSYLVANIA AVE NW STE 300
WASHINGTON,DC20006 		N/A PC Resilience Fund for Women in Global Value Chains 250,000

UNIVERSITY IMPACT

3507 N UNIVERSITY AVE STE 125
PROVO,UT84604 		N/A PC Advocacy for Bike Safety + Film Series | The White Line 15,000

UNIVERSITY OF DENVER

2199 S UNIVERSITY BLVD
DENVER,CO80208 		N/A PC Leadership in the Outdoor Recreation Industry (LORI) Program 380,000

WATER ORG INC

117 W 20TH ST STE 203
KANSAS CITY,MO64108 		N/A PC Scaling Water and Sanitation Access in Kenya 100,000

WATERAID AMERICA INC

233 BROADWAY 2705
NEW YORK,NY10279 		N/A PC Championing sustainable water, sanitation, and hygiene (WASH) for factory workers and communities in Cambodia 125,000

WILDMON

261 BLUE JAY RD
DALE,TX78616 		N/A PC Ecoacoustics as an Approach to Inclusive Science in Uplifting Farmer Voices & Catalyzing Landscape-Level Ecosystem Change 45,000

WORLD BUSINESS COUNCIL FOR SUSTAINABLE DEVELOPMENT

AVE DU BOUCHET 2BIS
GENEVA   1209
SZ 		N/A PC Circular Transition Indicators (CTI) Fashion Initiative 100,000

YMA FASHION SCHOLARSHIP FUND

224 W 35TH ST STE 500
NEW YORK,NY10001 		N/A PC The VF Foundation x FSF Community Colleges Initiative: Sustaining Success 150,000
Total .................................right arrow 3a 3,422,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 9,915  
4 Dividends and interest from securities ....     14 632,447  
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 ............ 		    18 817,461  
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) ..   1,459,823  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,459,823
(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
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
The VF Foundation
 
Employer identification number

56-2322084
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
The VF Foundation
  		Employer identification number
56-2322084
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
VF Corporation
1551 Wewatta Street
 
Denver, CO80202

$ 1,000,000


(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.)
(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
The VF Foundation
  		Employer identification number

56-2322084
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
The VF Foundation
  		Employer identification number

56-2322084
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:  

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

TY 2024 DepreciationSchedule
Name:
The VF Foundation
EIN:
56-2322084
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

TY 2024 InvestmentsCorpBondsSchedule
Name:
The VF Foundation
EIN:
56-2322084
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC - 3.200% - 11/21/20 10,707 9,279
ALEXANDRIA REAL ESTATE - 4.900 6,040 4,923
AMERIAN HONDA FIN CORP - 5.250 5,039 5,039
AMERICAN ELEC PWR INC - 1.000% 10,089 9,692
AMERICAN HONDA FIN - 4.900% - 4,988 5,011
AMERICAN TOWER CORP - 3.125% - 5,344 4,837
AMGEN INC - 2.200% - 02/21/202 5,303 4,741
ANHEUSER BUSCH - 4.750% - 01/2 11,720 9,993
ANTHEM INC NOTE - 3.650% - 12/ 10,290 9,736
AON CORP - 2.800% - 05/15/2030 9,888 8,909
AT&T INC - 4.300% - 02/15/2030 5,671 4,845
BANK AMER CORP - 3.419% - 12/2 10,948 9,584
BANK OF MONTREAL SER F MTN - 2 14,045 14,397
BLACKROCK FUNDING - 5.000% - 0 9,146 8,895
CALIFORNIA HEALTH - 1.168% - 0 22,397 23,919
CANADIAN IMPERIAL BANK - 1.250 9,321 9,517
CARRIER GLOBAL CORPORATION SER 4,280 4,339
CHUBB INA HOLDINGS INC - 1.375 4,654 4,153
CITIGROUP INC NOTE - 3.668% - 10,993 9,686
CITZENS FINANCIAL GROUP - 5.72 9,135 9,033
COMCAST CORP - 3.300% - 02/01/ 11,071 9,733
CVS CAREMARK CORP NOTE - 4.300 5,896 4,844
CVS HEALTH CORP NOTE CALL MAKE 5,289 4,553
DISNEY WALT CO - 2.000% - 09/0 10,173 8,895
DTE ENERGY CO COM - 5.200% - 0 10,311 9,993
ENBRIDGE INC - 4.250% - 12/01/ 4,853 4,952
EQUINIX INC NOTE CALL MAKE WHO 5,197 4,597
EQUINOR ASA - 3.125% - 04/06/2 4,989 4,608
EVERSOURCE ENERGY - 1.650% - 0 4,954 4,162
EXELON CORP - 3.400% - 04/15/2 4,917 4,917
FIFTH THIRD BANCORP NOTE CALL 5,033 5,171
FLORIDA PWR & LT CO BOND - 2.4 4,236 4,220
GOLDMAN SACHS GROUP INC - 1.99 4,785 4,129
GOLDMAN SACHS GROUP INC - 3.50 5,292 4,997
HOME DEPOT INC - 2.950% - 06/1 11,319 9,274
JPMORGAN CHASE &CO - 3.782% - 11,162 9,789
LOCKHEED MARTIN - 3.900% - 06/ 9,624 9,292
LOWES COS INC NOTE CALL MAKE W 9,867 9,810
MASTERCARD INC - 3.350% - 03/2 11,016 9,344
MORGAN STANLEY SER I MTN - 6.3 10,635 10,581
NATIONAL RURAL - 5.000% - 02/0 4,931 5,026
NEXTERA ENERGY CAP HLDGS INC B 4,657 4,724
NORTHROP GRUMMAN CORP - 3.250% 5,343 4,778
PROLOGIS LP - 1.250% - 10/15/2 9,690 8,195
REALTY INCOME CORP - 4.850% - 7,088 6,955
SEMPRA ENERGY NOTE 3.4% 02/01/ 10,359 9,560
SIMON PPTY GROUP LP NOTE CALL 4,721 4,688
TOTAL CAPITAL - 3.455% - 02/19 5,455 4,764
TRUIST FINL CORP SER G MTN - 1 9,289 9,589
UNION PACIFIC CORP NOTE - 2.40 5,018 4,438
UNITED STATES TREAS SER AA-202 13,663 14,272
VERIZON - 1.500% - 09/18/2030 4,931 4,151
WASTE MGMT INC - 4.875% - 02/1 8,989 8,828
WILLIS NORTH AMER - 5.350% - 0 6,967 6,956

TY 2024 InvestmentsCorpStockSchedule
Name:
The VF Foundation
EIN:
56-2322084
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBEY CAPITAL FUTURES STRATEGY 1,403,972 1,317,958
ABBOTT LABS 24,772 31,445
ABBVIE INC 24,109 26,477
ACCENTURE PLC 24,690 35,531
ACUSHNET HOLDINGS CORP 11,886 27,579
AFLAC INC 14,675 24,619
AMBARELLA INC 21,998 37,025
AMER INTERNATIONAL GROUP INC 25,165 25,480
APPLE INC 34,173 91,403
AQR EQUITY MRKT NEUTRAL FD CL 679,498 764,287
AQR LONG-SHORT EQUITY FUND CLA 1,563,452 1,761,753
ARES MANAGEMENT CORPORATION 24,925 31,511
ARISTOTLE VALUE EQUITY FUND CL 2,170,420 2,644,471
AUTOMATIC DATA PROCESSING INC 26,637 26,239
BARON GROWTH FUND INSTL 1,048,872 1,035,528
BOSTON SCIENTIFIC 25,072 29,476
DEERE CO 9,777 24,828
EBAY INC 23,310 25,585
ELI LILLY & CO 14,755 23,726
EQUINIX, INC 22,919 28,878
EQUITABLE HOLDINGS INC 25,156 30,849
F5 NETWORKS, INC 23,286 30,679
FIRST TRUST SMID CAP RISING DI 1,617,628 1,685,524
GOLDMAN SACHS GQG PARTNERS INT 915,375 1,025,235
HALEON PLC 23,439 22,829
ISHARES BARCLAYS TIPS BOND FUN 88,059 78,740
ISHARES CURRENCY HEDGED MSCI E 1,424,637 1,573,167
ISHARES INC ISHARES MSCI EM ES 103,814 101,973
ISHARES RUSSELL MIDCAP G IN FD 206,107 307,369
ISHARES RUSSELL MIDCAP VALUE 449,412 516,325
ISHARES S&P U.S. PREFERRED STO 482,025 422,805
ISHARES TRUST ISHARES MSCI EAF 260,999 299,535
ISHARES TRUST RUSSELL 1000 GRO 754,166 1,444,483
ISHARES TRUST RUSSELL 1000 VAL 935,512 1,238,705
KEYSIGHT TECHNOLOGIES INC 31,695 41,603
KKR & CO INC 24,203 36,386
KT CORP ADS 20,996 28,060
LAZARD INTERNATIONAL 930,106 944,789
MASTERCARD INC 25,233 34,977
MERCK & CO INC 22,877 25,367
MICROSOFT CORP 61,786 85,143
NASDAQ OMX GROUP 25,866 27,754
NVIDIA CORP 56,452 82,991
OKTA INC 12,294 12,844
PIMCO TOTAL RETURN ESG FUND CL 369,000 309,956
POLEN GROWTH FUND INSTITUTIONA 2,258,181 2,561,124
PRUDENTIAL FINCL INC 21,473 34,492
Q2 HOLDINGS INC 26,806 27,276
REPUBLIC SVCS INC 30,190 30,177
RIO TINTO PLC SPONSORED ADR 31,814 28,817
SPDR BARCLAYS CAPITAL 1-3 MONT 22,002 21,943
T-MOBILE US INC 27,105 30,461
TELEFONICA S A ADR 21,395 20,494
TESLA MOTORS INC 26,558 51,288
THE MOSAIC CO 20,739 21,213
THERMO FISHER SCIENTIFIC INC 24,016 22,074
TOYOTA MTR CORP 25,120 28,997
UNITEDHEALTH GROUP INC 23,394 26,645
VISA INC 23,909 36,345
WASTE MANAGEMENT INC 28,018 27,443
WISDOMTREE EMERGING MARKETS 619,544 462,321
WISDOMTREE FLOATING RATE TREAS 605,870 605,903

TY 2024 InvestmentsGovtObligationsSch
Name:
The VF Foundation
EIN:
56-2322084
US Government Securities - End of Year Book Value:

2,105,137
US Government Securities - End of Year Fair Market Value:

2,117,747
State & Local Government Securities - End of Year Book Value:


150,148
State & Local Government Securities - End of Year Fair Market Value:


148,851


TY 2024 InvestmentsOtherSchedule2
Name:
The VF Foundation
EIN:
56-2322084
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HEDGEPREMIER/MILLENN. - ESCROW   46,585 46,585

TY 2024 OtherExpensesSchedule
Name:
The VF Foundation
EIN:
56-2322084
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 99,035     99,035
Digital Subscriptions 528     528
Foundation Dues & Memberships 14,260 3,335   10,925
Indemnification Insurance 6,189     6,189
Office Supplies 869     869
Postage/Delivery Service 60     60
TRAINING & PROFESSIONAL DVLP 400 400    


TY 2024 OtherProfessionalFeesSchedule
Name:
The VF Foundation
EIN:
56-2322084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SOCIAL MEDIA MANAGEMENT 12,750     12,750
Investment Management Services 145,809 145,809    
Philanthropic Consulting Srvcs 21,650     21,650
WEBSITE MANAGEMENT 78,639     78,639


TY 2024 TaxesSchedule
Name:
The VF Foundation
EIN:
56-2322084
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 9,600      
990-PF Excise Tax for 2023 5,512      
Foreign Tax Paid 218 218