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 ASBJORN LUNDE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)55 UNION STREET 1104
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEWARK, NJ07105
A Employer identification number

45-2609121
B Telephone number (see instructions)

(518) 392-4430
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$6,882,426J 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) 989,061
2 Check right arrow.............
3 Interest on savings and temporary cash investments 71 71  
4 Dividends and interest from securities... 133,743 133,743  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 271,716
b Gross sales price for all assets on line 6a 2,650,539
7 Capital gain net income (from Part IV, line 2)... 271,716
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,394,591 405,530  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 200,000 0   200,000
14 Other employee salaries and wages...... 100,000 0   100,000
15 Pension plans, employee benefits....... 24,045 0   24,045
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,200 0   20,200
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
56,651 56,651   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
38,799 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 20,004 0   20,004
21 Travel, conferences, and meetings....... 56,736 0   56,736
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,676 0   10,676
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 527,111 56,651   431,661
25 Contributions, gifts, grants paid....... 297,500 297,500
26 Total expenses and disbursements. Add lines 24 and 25 824,611 56,651   729,161
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 569,980
b Net investment income (if negative, enter -0-) 348,879
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............. 594 594 594
2 Savings and temporary cash investments......... 397,739 149,580 149,580
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)....... 2,474,979 Click to see attachment
List of Attached Documents:
// Content
2,955,077 		4,278,280
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,566,329 Click to see attachment
List of Attached Documents:
// Content
1,721,805 		1,758,072
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
17,400,896 		Click to see attachment
List of Attached Documents:
// Content
3,900 		Click to see attachment
List of Attached Documents:
// Content
695,900
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,840,537 4,830,956 6,882,426
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........... 21,840,537 4,830,956
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 21,840,537 4,830,956
30 Total liabilities and net assets/fund balances (see instructions). 21,840,537 4,830,956
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
21,840,537
2
Enter amount from Part I, line 27a .....................
2
569,980
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
22,410,517
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
17,579,561
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,830,956
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 PROCEEDS FROM SALE OF ARTWORK      
b SALES OF PUBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 27,135     27,135
b 2,623,404   2,378,823 244,581
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       27,135
b       244,581
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 2 271,716
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 4,849
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 4,849
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 4,849
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 20,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 104
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 15,047
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow15,047 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 arrowDE
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 arrowSTEVEN KERN Telephone no.right arrow (518) 392-4430

Located atright arrow55 UNION STREET SUITE 1104NEWARKNJ ZIP+4right arrow07105
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
STEVEN KERN PRESIDENT
40.00 		200,000 0 0
55 UNION STREET SUITE 1104
NEWARK,NJ07105
JOHN PHILIP SECRETARY
3.00 		0 0 0
55 UNION STREET SUITE 1104
NEWARK,NJ07105
MADELINE LANCIANI TREASURER
1.00 		0 0 0
55 UNION STREET SUITE 1104
NEWARK,NJ07105
DR GEORGE ROBB DIRECTOR
1.00 		0 0 0
55 UNION STREET SUITE 1104
NEWARK,NJ07105
DR KURT SUNDSTROM DIRECTOR
1.00 		0 0 0
55 UNION STREET SUITE 1104
NEWARK,NJ07105
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
JOSEPHINE NIEUWENHUIS REGISTRAR
40.00 		100,000 0 0
55 UNION STREET SUITE 1104
NEWARK,NJ07105
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
5,761,565
b
Average of monthly cash balances.......................
1b
248,889
c
Fair market value of all other assets (see instructions)................
1c
692,000
d
Total (add lines 1a, b, and c).........................
1d
6,702,454
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
6,702,454
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
100,537
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,601,917
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
330,096
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
330,096
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,849
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,849
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
325,247
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
325,247
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
325,247
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
729,161
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
729,161
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 7 325,247
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 509,781
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 729,161
a Applied to 2023, but not more than line 2a 509,781
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..... 219,380
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		105,867
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) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICAN FRIENDS OF THE MAURITSHUIS

114 EAST 36TH STREET 3RD FLOOR
NEW YORK,NY10016 		N/A PC GENERAL OPERATING SUPPORT 2,500

AMERICAN FRIENDS OF THE NATIONAL PORTRAIT GALLERY

31 W 34TH ST FL 7010
NEW YORK,NY100013009 		N/A PC GENERAL OPERATING SUPPORT 100,000

CHURCH STREET SCHOOL FOR MUSIC & ART

41 WHITE STREET
NEW YORK,NY10013 		N/A PC GENERAL OPERATING SUPPORT 7,500

CURRIER MUSEUM OF ART

150 ASH ST
MANCHESTER,NH03104 		N/A PC GENERAL OPERATING SUPPORT 15,000

FRIENDS OF DUANE PARK

55 HUDSON STREET
NEW YORK,NY10013 		N/A PC GENERAL OPERATING SUPPORT 7,500

HUDSON HALL

327 WARREN ST
HUDSON,NY12534 		N/A PC BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE 10,000

HUDSON HALL

327 WARREN ST
HUDSON,NY12534 		N/A PC BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE 10,000

KBFUS

551 FIFTH AVENUE SUITE 2400
NEW YORK,NY10176 		N/A PC GRANT FOR THE ROYAL MUSEUM OF FINE ARTS, ANTWERP BE 10,000

NEWARK HISTORICAL SOCIETY

429 SOUTH COLLEGE AVE
NEWARK,DE19711 		N/A PC GENERAL OPERATING SUPPORT 10,000

ORCHESTRA OF ST LUKE'S

450 WEST 37TH STREET SUITE 502
NEW YORK,NY10018 		N/A PC BOARD DISCRETIONARY GRANT FOR GENERAL OPERATING USE 125,000
Total .................................right arrow 3a 297,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
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 71  
4 Dividends and interest from securities ....     14 133,743  
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 ............ 		    18 271,716  
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) .. 0 405,530 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
405,530
(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 ASBJORN LUNDE FOUNDATION INC
 
Employer identification number

45-2609121
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 ASBJORN LUNDE FOUNDATION INC
  		Employer identification number
45-2609121
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
ESTATE OF ASBJORN LUNDE
 
260 WEST 91ST STREET 3A
 
NEW YORK, NY10024

$ 399,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ESTATE OF ASBJORN LUNDE
 
260 WEST 91ST STREET 3A
 
NEW YORK, NY10024

$ 160,085


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
ESTATE OF ASBJORN LUNDE
 
260 WEST 91ST STREET 3A
 
NEW YORK, NY10024

$ 429,976


(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 ASBJORN LUNDE FOUNDATION INC
  		Employer identification number

45-2609121
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
2
 EQUITIES $ 160,085 2024-02-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 EQUITIES $ 429,976 2024-07-24
(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 ASBJORN LUNDE FOUNDATION INC
  		Employer identification number

45-2609121
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE ASBJORN LUNDE FOUNDATION INC
EIN:
45-2609121
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 20,200 0   20,200

TY 2024 InvestmentsCorpStockSchedule
Name:
THE ASBJORN LUNDE FOUNDATION INC
EIN:
45-2609121
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC COM (ABBV) 448.000 SHRS 46,596 79,610
ABBVIE INC COM (ABBY) 124 SHRS 19,285 22,035
ADIDAS AG (ADDYY) 26.649 SHRS 2,681 3,267
AIR PROD & CHEM INC (APD) 64.608 SHRS 19,132 34,702
ALPHABET INC CL A (GOOGL) 609.000 SHRS 68,363 115,284
ALPHABET INC CL A (GOOGL) 91.135 SHRS 16,404 17,252
ALPHABET INC CL C (GOOG) 73.023 SHRS 9,671 13,907
AMAZON COM INC (AMZN) 705.000 SHRS 107,549 154,670
AMBEV S A SPQNSORED ADR (ABEY) 1,921 SHRS 4,899 3,554
AMERICAN EXPRESS CO (AXP) 21.338 SHRS 4,623 6,333
AMGEN INC (AMGN) 46.746 SHRS 11,740 12,184
ANALOG DEVICES INC (ADI) 112 SHRS 25,716 23,796
ANALOG DEVICES INC (ADI) 22.755 SHRS 4,396 4,835
APPLE INC (AAPL) 586.000 SHRS 76,702 146,746
AT&T INC (T) 503 SHRS 11,358 11,453
BANGKOK BK PLC (BKKLY) 98.523 SHRS 2,015 2,182
BANK OF AMERICA CORP (BAC) 1,073.000 SHRS 38,643 47,158
BANK OF AMERICA CORP (BAG) 839 SHRS 26,171 36,874
BANK OF NEW YORK MELLON CORP (BK) 120 SHRS 6,722 9,220
BANK OF NEW YORK MELLON CORP (BK) 149 SHRS 11,446 11,448
BANK OF NEW YORK MELLON CORP (BK) 529.000 SHRS 42,008 40,643
BARRICK GOLD CORP (GOLD) 414 SHRS 6,458 6,417
BAS SYS PLC SPON ADR (BAESY) 77.099 SHRS 5,099 4,436
BECTON DICKINSON & CO (BOX) 25.699 SHRS 6,004 5,830
BERKELEY GROUP HLDGS ADR (BKGFY) 338 SHRS 4,182 3,301
BERKSHIRE HATHAWAY CL-B NEW (BRKB) 11.464 SHRS 4,589 5,195
BLACKROCK INC (BLK) 26.740 SHRS 16,963 27,410
BRITISH AMER TOB SPON ADR (BTI) 239 SHRS 7,019 8,680
BROADCOM INC (AVGO) 883.00 SHRS 49,850 204,714
BROWN & BROWN INC (BRO) 22.220 SHRS 1,866 2,266
CH ROBINSON WORLDWIDE INC NEW (CHRW) 94.462 SHRS 6,629 9,760
CHARLES SCHWAB NEW (SCHW) 30.960 SHRS 2,102 2,291
CHENIERE ENERGY INC NEW (LNG) 46.460 SHRS 7,962 9,983
CHUBB LTD (CB) 147.000 SHRS 31,054 40,616
CHUBB LTD (CB) 56.709 SHRS 13,713 15,669
CME GROUP INC (CME) 70.504 SHRS 14,624 16,373
COLGATE PALMOLIVE CO (CL) 215 SHRS 16,448 19,546
COLGATE PALMOLIVE CO (CL) 76.170 SHRS 6,589 6,925
COMCAST CORP (NEW) CLASS A (CMCSA) 236 SHRS 10,002 8,857
COMPAGNIE FIN RICHEMONTAG ADR (CFRUY) 538 SHRS 8,576 8,187
CONSTELLATION ENERGY CORP (CEG) 42.430 SHRS 8,436 9,492
COPART INC (CPRT) 576.000 SHRS 16,276 33,057
CROWDSTRIKE HLDGS INC CL A (CRWD) 169.000 SHRS 47,996 57,825
CROWN CASTLE INC (CCI) 209 SHRS 24,384 18,969
CUMMINS INC (CMI) 15.412 SHRS 4,226 5,373
DANAHER CORPORATION (DHR) 177.000 SHRS 46,707 40,630
DANONE SPONSORED ADR (DANOY) 541 SHRS 6,981 7,296
DELL TECHNOLOGIES INC CL C (DELL) 104 SHRS 11,381 11,985
DENTSPLY SI RONA INC (XRAY) 131 SHRS 4,011 2,486
DOLLAR GEN CORP NEW COM (DG) 35.115 SHRS 2,847 2,662
EATON CORP PLC SHS (ETN) 116.000 SHRS 23,729 38,497
EATON CORP PLC SHS (ETN) 44.742 SHRS 16,283 14,849
ELEVANCE HEALTH INC (ELY) 26.408 SHRS 12,486 9,742
ELI LILLY & CO (LLY) 91.000 SHRS 28,205 70,252
EMERSON ELECTRIC CO (EMR) 173.000 SHRS 16,754 21,440
EQUITY RESIDENTIAL (EQR) 69.635 SHRS 4,360 4,997
EXPEDITORS INTL WASH INC (EXPO) 21.469 SHRS 2,565 2,378
EXXON MOBIL CORP (XOM) 271 SHRS 20,885 29,151
EXXON MOBIL CORP (XOM) 379.00 SHRS 40,875 40,769
EXXON MOBIL CORP (XOM) 77.564 SHRS 8,224 8,344
FANUC CORPORATION UNSP ADR (FANUY) 419 SHRS 6,300 5,566
FIDELITY NATIONAL FINANCIAL IN (FNF) 55.152 SHRS 2,694 3,096
FJRSTENERGY CORP (FE) 892 SHRS 30,701 35,484
FLOWSERVE CORP (FLS) 86.700 SHRS 3,664 4,987
FOMENTO ECONOMICO MEXICANO (FMX) 74.097 SHRS 8,738 6,335
FREEPORT-MCMORAN CL-B (FCX) 201 SHRS 10,431 7,654
GENL DYNAMICS CORP (GD) 53.314 SHRS 15,803 14,048
GOLDMAN SACHS GRP INC (GS) 68.275 SHRS 28,235 39,096
GOLDMAN SACHS GRP INC (GS) 69.000 SHRS 27,521 39,511
HALEON PLC AOR (HLN) 498 SHRS 4,174 4,751
HCA HEALTHCARE INC (HCA) 36.241 SHRS 11,503 10,878
HEINEKEN NV SPN ADR (HEINY) 63.192 SHRS 2,851 2,248
HENKEL AG & CO KGAA (HENKY) 193 SHRS 3,306 3,717
HOME DEPOT INC (HD) 249.139 SHRS 45,777 52,125
HOME DEPOT INC (HD) 89.160 SHRS 28,707 34,682
HONEYWELL INTL INC (HON) 110 SHRS 20,465 24,848
HONEYWELL INTL INC (HON) 187 SHRS 35,882 42,241
IMPERIAL OIL LTD COM NEW (IMO) 119 SHRS 7,533 7,330
INTERCONTINENTAL EXCHANGE INC (ICE) 201 SHRS 17,035 29,951
INTUIT INC (INTU) 32.00 SHRS 20,277 20,112
IPG PHOTONICS CORP (IPGP) 33.226 SHRS 2,914 2,416
ITAU UNIBANCO MULTIPLE ADR (ITUB) 400 SHRS 2,729 1,984
JARDINE MATHESON HLDGS LTD ADR (JMHLV) 75.448 SHRS 2,963 3,091
JOHNSON & JOHNSON (JNJ) 229 SHRS 37,364 33,118
JPMORGAN CHASE & CO (JPM) 190 SHRS 26,274 45,545
JPMORGAN CHASE & CO (JPM) 263 SHRS 30,779 63,044
LINDE PLC (LIN) 115 SHRS 18,797 48,147
LLOYDS BANKING GROUP PLC (LYG) 1,171 SHRS 2,828 3,185
LULULEMON ATHLETICA INC (LULU) 90 SHAR 24,418 34,417
LVMH MOET HENNESSY LOUIS VUITT (LVMUY) 17.829 SHRS 2,795 2,347
M&T BANK CORP (MTB) 90.483 SHRS 15,635 17,012
MC DONALDS CORP (MCD) 41.886 SHRS 11,470 12,142
MCKESSON CORP (MCK) 91 SHAR 49,770 51,862
MEDTRONIC PLC SHS (MDT) 71.980 SHRS 6,122 5,750
MERCK & CO INC NEW COM (MRK) 138 SHRS 15,934 13,728
META PLATFORMS INC CL A (META) 29.852 SHRS 14,672 17,479
META PLATFORMS INC CL A (META) 294 SHRS 96,640 172,140
METLIFE INCORPORATED (MET) 1,336 SHRS 69,742 109,392
MICROSOFT CORP (MSFT) 346 SHRS 89,941 145,839
MICROSOFT CORP (MSFT) 6.483 SHRS 2,620 2,733
MITSUBISHI ELECTRICADR (MIELY) 151 SHRS 4,925 5,163
MS&AD INS GROUP HLDGS ADR (MSADY) 346 SHRS 5,810 7,593
NESTLE SPON ADR REP REG SHR (NSRGY) 46.674 SHRS 4,811 3,856
NEWMONT CORPORATION (NEM) 133 SHRS 4,440 4,950
NEXTERA ENERGY INC (NEE) 207 SHRS 15,605 14,840
NEXTERA ENERGY INC (NEE) 571 SHRS 36,536 40,935
NOBLE CORP NEW A (NE) 84.511 SHRS 2,871 2,654
NORTHROP GRUMMAN CP(HLDG CO) (NOC) 36 SHRS 16,261 16,894
NORTHROP GRUMMAN CP(HLDG CO)(NOC) 32.185 SHRS 15,073 15,104
NOV INC (NOV) 306 SHRS 5,214 4,468
NUTRIEN LTD (NTR) 45.036 SHRS 2,295 2,015
NVIDIA CORPORATION (NVDA) 1,232 SHRS 26,617 165,445
ORACLE CORP (ORCL) 103 SHRS 11,512 17,164
O'REILLY AUTOMOTIVE INC NEW (ORLY) 64 SHRS 40,054 75,891
OTIS WORLDWIDE CORP (OTIS) 59.368 SHRS 5,646 5,498
PALO ALTO NETWORKS INC (PANW) 502 SHRS 33,579 91,344
PERNOD RICARD SA ADR (PRNDY) 55.174 SHRS 1,849 1,246
PHILIP MORRIS INTL INC (PM) 121 SHRS 10,986 14,562
POWER CORP CANADA LTD (PWCDF) 141 SHRS 4,089 4,399
PPG INDUSTRIES INC (PPG) 25.103 SHRS 3,147 2,999
PROCTER & GAMBLE (PG) 134 SHRS 20,337 22,465
PROLOGIS INC COM (PLD) 196 SHRS 22,396 20,717
PROSUS NV SPONSORED ADR (PROSY) 1,577.00 SHRS 8,939 12,525
RECKITT BENCKISER PLC SPNS ADR (RBGLY) 552 SHRS 6,844 6,683
REPUBLIC SERVICES INC (RSG) 325 SHRS 23,469 65,384
ROSS STORES INC (ROST)17.431 SHRS 2,598 2,637
S&P GLOBAL INC COM (SPGI) 128 SHRS 55,560 63,748
SALESFORCE INC (CRM) 198 SHRS 50,088 66,197
SALESFORCE INC (CRM) 20.702 SHRS 4,580 6,921
SANOFI AOR (SNY) 78.965 SHRS 3,774 3,808
SCHLUMBERGER LTD (SLB) 216 SHRS 10,769 8,281
SCHLUMBERGER LTD (SLB) 280 SHRS 13,376 10,735
SECOM LTD ADR (SOMLY) 662 SHRS 6,234 5,654
SEMPRA (SRE) 227 SHRS 16,911 19,912
SGS SA ADR (SGSOY) 180 SHRS 1,754 1,805
SHELL PLC ADR (SHEL) 47.610 SHRS 3,164 2,983
SHERWIN WILLIAMS COMPANY OHIO (SHW) 121 SHRS 34,523 41,132
SHERWIN WILLIAMS COMPANY OHIO (SHW) 78.343 SHRS 20,488 26,631
SHIMANO I NC ADR (SMNNY) 329 SHRS 4,438 4,478
SMC CORP JAPAN SPONSORED AOR (SMCAY) 96.754 SHRS 2,938 1,914
SODEXO (SDXAY) 129 SHRS 2,926 2,125
SOMPO HOLDINGS INC ADR (SMPNY) 300 SHRS 3,036 3,932
STARBUCKS CORP WASHINGTON (SBUX) 128 SHRS 11,463 11,680
STRYKER CORP (SYK) 68 SHRS 12,624 24,483
TAIWAN SMCNOCTR MFG CO LTD ADR (TSM) 68.109 SHRS 10,204 13,451
TEXAS INSTRUMENTS (TXN) 32.021 SHRS 5,468 6,004
THERMO FISHER SCIENTIFIC (TMO) 81 SHRS 17,560 42,139
TJX COS INC NEW (TJX) 600 SHRS 43,944 72,486
T-MOBILE US INC COM (TMUS) 89.522 SHRS 12,467 19,760
TRADE DESK INC CLASS A (TTD) 340 SHRS 37,293 39,960
U S BANCORP COM NEW (USB) 70.882 SHRS 3,065 3,390
UNILEVER PLC (NEW) ADS (UL)136 SHRS 6,685 7,711
UNITED RENTALS INC (URI) 76 SHRS 27,387 53,537
UNITEDHEALTH GP INC (UNH) 45.880SHRS 20,631 23,209
UNIVERSAL HEALTH SERVICES B (UHS) 35.319 SHRS 6,233 6,337
UOL GRP LTD SPONS ADR (UOLGY) 187 SHRS 3,113 2,829
US BANCORP COM NEW (USB) 825 SHRS 42,479 39,460
VALERO ENERGY CP DELA NEW (VLO) 330 SHRS 39,455 40,455
VISA INC CL A (V) 317 SHRS 55,384 100,185
WALMART INC (WMT) 458 SHRS 27,700 41,380
WALT DISNEY CO HLDG CO (DIS) 31.681 SHRS 3,603 3,528
WEYERHAEUSER CO (WY) 111 SHRS 3,880 3,125
WHEATON PRECIOUS METALS CORP (WPM) 138 SHRS 5,938 7,761
WILLIS TOWERS WATSON PLC LTD (WTW) 31.571 SHRS 8,575 9,889

TY 2024 InvestmentsOtherSchedule2
Name:
THE ASBJORN LUNDE FOUNDATION INC
EIN:
45-2609121
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AB H/I MUNI PFT ADV (ABTYX) 7760.680SHRS AT COST 87,416 80,013
AMER BEACON AHL MNGD FUT STR Y (AHLYX) 760.682 SHRS AT COST 8,060 7,607
AMERICAN STRATEGIC BOND F2 (ANBFX) 6,105.888 SHRS AT COST 63,492 54,709
BLACKROCK GLB EQ MKT NEUTRAL I (BDMIX) 1,123.851 SHRS AT COST 14,778 15,172
BLACKSTONE ALT MULTI-STRAT I (BXMIX) 2,128.842 SHRS AT COST 22,864 22,800
CALAMOS MARKET NEUTRAL INC I (CMNIX) 1,015.170 SHRS AT COST 14,650 15,156
CAMBRIA SHAREHLOR YIELD ETF (SYLD) 651 SHRS AT COST 45,436 44,574
CAUSEWAY INTL VALUE INSTL (CIVIX) 608.575 SHRS AT COST 11,520 11,295
COHEN & STEERS GLB RLTY FOC I (CSSPX) 297.047 SHRS AT COST 14,495 15,161
COLUMBIA DIVIDEND INCOME INST (GSFTX) 306.160 SHRS AT COST 23,537 24,398
DWS ENHANCED COMM STRAT INST (SKIRX) 2,752.627 SHRS AT COST 15,742 15,470
FEDERATED HRMS TTL RET BD IS (FTRBX) 17,851.709 SHRS AT COST 169,845 166,913
FIDELITY TOTAL BOND ETF (FBND) 1,070 SHRS AT COST 49,948 48,011
FIDELITY TOTAL BOND ETF (FBND) 3,708 SHRS AT COST 167,190 166,378
FIRST EAGLE GLOBAL I (SGIIX) 366.844 SHRS AT COST 22,952 24,729
FIRST TRUST SMID CAP RIS DIV (SDVY) 1,573 SHRS AT COST 60,051 56,392
GLOBAL X MLP & ENERGY INFRAS (MLPX) 252 SHRS AT COST 12,191 15,261
GOLDMAN SACHS GQG INTL OPP I (GSIMX) 577.260 SHRS AT COST 10,594 11,291
INVESCO CONSERVATIVE INC INST (ICIFX) 4,549.920 SHRS AT COST 45,408 45,772
INVESCO EQV EM MKT ALL CAP Y (GTDYX) 460.347 SHRS AT COST 15,381 15,049
ISHARES CORE S&P 500 ETF (IVV) 25.590 SHRS AT COST 11,189 15,064
ISHARES N AMERICAN TECH SOFT (IGY) 208 SHRS AT COST 21,773 20,825
ISHARES RUSSELL 1000 GRW ETF (IWF) 77.097 SHRS AT COST 22,329 30,961
ISHARES RUSSELL 1000 VALUE ETF (IWD) 71.801 SHRS AT COST 12,332 13,293
ISHARES RUSSELL MIDCAP G ETF (IWP) 59.384 SHRS AT COST 7,193 7,527
JOHN HANCOCK DISC VAL MDCP I (JVMIX) 1,629.144 SHRS AT COST 42,374 43,905
JPMORGAN STRAT INC OPPORT (JSOSX) 4,727.700 AT COST 54,057 54,085
MFS LIMITED MATURITY I (MQLIX) 4,132.240 SHRS AT COST 52,594 50,455
PACER US CASH COWS 100 ETF (COWZ) 1,402 SHRS AT COST 65,077 79,185
PACER US SML CAP CASH COWS ELF (CALF) 1,650 SHRS AT COST 70,241 72,617
PGIM SHRT DUR HGH YLD INC Z (HYSZX) 4838.201 SHRS AT COST 43,032 40,496
PIMCO INCOME 12 (PONPX) 7892.117 SHRS AT COST 81,822 83,025
SPDR BLOOMBERG 1-3 MONTH T-B (BIL) 253 SHRS AT COST 23,139 23,132
SPDR BLOOMBERG 1-3 MONTH T-B (BIU) 43.511 SHRS AT COST 3,984 3,978
SPDR GOLD MINISHARES TRUST (GLDM) 611 SHRS AT COST 30,922 31,766
SPDR GOLD TR GOLD SHS (GLD) 266 SHRS AT COST 52,375 64,407
SPDR S&P 500 ETF TRUST (SPY) 142 SHRS AT COST 73,498 83,223
UTILITIES SEL SECT SPDR FUND (XLU) 541 SHRS AT COST 33,776 40,948
VANGUARD TOTAL BOND MARKET (BND) 1,989.000 SHRS AT COST 144,548 143,029

TY 2024 OtherAssetsSchedule
Name:
THE ASBJORN LUNDE FOUNDATION INC
EIN:
45-2609121
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSIT 3,900 3,900 3,900
ARTWORK 17,396,996 0 692,000


TY 2024 OtherDecreasesSchedule
Name:
THE ASBJORN LUNDE FOUNDATION INC
EIN:
45-2609121
Description Amount
TO ADJUST BOOK BASIS OF DONATED STOCK TO AGREE TO TAX BASIS 182,565
VALUATION ADJUSTMENT TO BOOK VALUE OF ARTWORK 17,396,996


TY 2024 OtherExpensesSchedule
Name:
THE ASBJORN LUNDE FOUNDATION INC
EIN:
45-2609121
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FINE ARTS STORAGE, MOVING AND SHIPPING 5,941 0   5,941
PAYROLL FEES 2,461 0   2,461
OFFICE EXPENSES 890 0   890
FINE ARTS DATABASE 1,055 0   1,055
MISCELLANEOUS EXPENSE 329 0   329


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ASBJORN LUNDE FOUNDATION INC
EIN:
45-2609121
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 56,651 56,651   0


TY 2024 TaxesSchedule
Name:
THE ASBJORN LUNDE FOUNDATION INC
EIN:
45-2609121
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES 38,799 0   0