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
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
 
Number and street (or P.O. box number if mail is not delivered to street address)10 S DEARBORN IL1-0111
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60603
A Employer identification number

36-6999365
B Telephone number (see instructions)

(800) 496-2583
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$64,115,384J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,249,930 1,249,930  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,132,040
b Gross sales price for all assets on line 6a 5,033,508
7 Capital gain net income (from Part IV, line 2)... 2,132,040
8 Net short-term capital gain......... 0
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........ 3,381,970 3,381,970  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 658,508 348,890   309,618
14 Other employee salaries and wages...... 121,433 0 0 121,433
15 Pension plans, employee benefits....... 29,490 0 0 29,490
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
15,864 0 0 15,864
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
46,065 28,509   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy.............. 43,725     43,725
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
52,519 2,497   50,022
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 967,604 379,896 0 570,152
25 Contributions, gifts, grants paid....... 2,247,816 2,247,816
26 Total expenses and disbursements. Add lines 24 and 25 3,215,420 379,896 0 2,817,968
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 166,550
b Net investment income (if negative, enter -0-) 3,002,074
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............. 424,713 339,094 339,094
2 Savings and temporary cash investments......... 1,488,979 597,290 597,290
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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)....... 28,700,763 Click to see attachment
List of Attached Documents:
// Content
27,036,199 		43,745,896
c Investments—corporate bonds (attach schedule)....... 9,491,232 Click to see attachment
List of Attached Documents:
// Content
12,455,860 		11,348,445
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).......... 3,904,991 Click to see attachment
List of Attached Documents:
// Content
3,780,293 		8,079,747
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
4,912 		Click to see attachment
List of Attached Documents:
// Content
4,912 		Click to see attachment
List of Attached Documents:
// Content
4,912
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 44,015,590 44,213,648 64,115,384
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
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........ 44,015,590 44,213,648
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)..... 44,015,590 44,213,648
30 Total liabilities and net assets/fund balances (see instructions). 44,015,590 44,213,648
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
44,015,590
2
Enter amount from Part I, line 27a .....................
2
166,550
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
67,311
4
Add lines 1, 2, and 3 ..........................
4
44,249,451
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
35,803
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
44,213,648
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 43697.651 MATTHEWS PACIFIC TIGER INSTL FUND   2010-05-21 2024-01-11
b 77. ADVANCED MICRO DEVICES INC   2023-03-28 2024-01-29
c 124. ADVANCED MICRO DEVICES INC   2021-11-19 2024-01-29
d . BANK OF AMERICA CORPORATION     2024-01-30
e . WELLS FARGO & CO NEW     2024-02-06
68. ADVANCED MICRO DEVICES INC   2023-03-28 2024-02-20
34. ADVANCED MICRO DEVICES INC   2020-11-06 2024-02-20
304. NEXTERA ENERGY INC   2022-06-06 2024-02-20
302. NEXTERA ENERGY INC   2022-06-06 2024-02-20
92. ADVANCED MICRO DEVICES INC   2020-11-06 2024-03-20
24. NVIDIA CORP   2023-03-28 2024-03-20
26. ASML HOLDING NV-NY REG SHS   2023-11-20 2024-03-20
1. ASML HOLDING NV-NY REG SHS   2020-03-05 2024-03-20
140. NXP SEMICONDUCTORS NV   2020-01-23 2024-03-20
83. NXP SEMICONDUCTORS NV   2020-01-23 2024-04-12
85. NXP SEMICONDUCTORS NV   2020-09-30 2024-04-12
3889.105 FIDELITY 500 INDEX FUND   2019-02-28 2024-05-06
4. DEERE & CO   2022-03-03 2024-05-13
92. DEERE & CO   2021-08-19 2024-05-13
6. DEERE & CO   2021-08-19 2024-05-13
4. DEERE & CO   2021-08-19 2024-05-13
. ORACLE CORP     2024-05-16
9. LAUDER ESTEE COS INC CL A   2023-09-22 2024-05-17
214. LAUDER ESTEE COS INC CL A   2023-09-22 2024-05-17
9. LAUDER ESTEE COS INC CL A   2023-09-22 2024-05-20
. EXXON MOBIL CORP     2024-05-28
. ALLERGAN PLC     2024-06-04
304. ALPHABET INC-CL A   2012-07-11 2024-06-05
. NORWEST CORP     2024-06-27
361. ALPHABET INC-CL C   2018-05-07 2024-09-12
17. INTUIT   2022-08-03 2024-09-12
73. INTUIT   2020-02-25 2024-09-12
146. BIOGEN IDEC INC   2020-03-11 2024-10-01
109. HONEYWELL INTL INC   2009-12-15 2024-10-01
6. INTUIT   2020-02-25 2024-10-01
25. INTUIT   2020-02-25 2024-10-01
11. BIOGEN IDEC INC   2021-10-12 2024-10-02
32. BIOGEN IDEC INC   2023-10-27 2024-10-02
62. BIOGEN IDEC INC   2021-10-12 2024-10-02
19. BIOGEN IDEC INC   2023-10-27 2024-10-02
2. INTUIT   2020-02-25 2024-10-02
2. INTUIT   2020-02-25 2024-10-02
7. INTUIT   2020-02-25 2024-10-02
4. INTUIT   2020-02-25 2024-10-02
4. BIOGEN IDEC INC   2023-10-27 2024-10-03
5. INTUIT   2020-02-25 2024-10-03
7509.387 FIDELITY 500 INDEX FUND   2019-02-28 2024-10-04
2. INTUIT   2020-02-25 2024-10-04
1. INTUIT   2020-02-25 2024-10-04
11. INTUIT   2020-02-25 2024-10-07
1. INTUIT   2020-02-25 2024-10-08
6. INTUIT   2020-02-25 2024-10-09
7. INTUIT   2020-02-25 2024-10-10
7. INTUIT   2020-05-04 2024-10-10
4. INTUIT   2020-05-04 2024-10-11
4. INTUIT   2020-05-04 2024-10-11
6. DEERE & CO   2021-08-19 2024-10-14
4. DEERE & CO   2021-08-19 2024-10-14
5. INTUIT   2020-05-04 2024-10-14
14. DEERE & CO   2021-08-19 2024-10-15
2. DEERE & CO   2021-08-19 2024-10-15
9. INTUIT   2020-05-04 2024-10-15
19. DEERE & CO   2021-08-19 2024-10-16
4. INTUIT   2020-05-04 2024-10-16
10. DEERE & CO   2021-08-19 2024-10-17
9. DEERE & CO   2021-08-19 2024-10-17
12. INTUIT   2020-05-04 2024-10-17
6. INTUIT   2020-05-04 2024-10-17
99. DEERE & CO   2021-08-19 2024-11-01
8. DEERE & CO   2021-10-21 2024-11-01
47. ANALOG DEVICES INC   2020-11-06 2024-11-13
357. ANALOG DEVICES INC   2020-11-06 2024-11-13
11. CONOCOPHILLIPS   2022-05-19 2024-11-21
141. CONOCOPHILLIPS   2022-03-03 2024-11-21
29. CONOCOPHILLIPS   2022-03-03 2024-11-21
16. LILLY ELI & CO   2016-04-07 2024-11-21
11. LILLY ELI & CO   2016-12-16 2024-11-21
1. LILLY ELI & CO   2016-12-16 2024-11-21
463. MONSTER BEVERAGE CORP   2022-06-24 2024-11-21
3. MONSTER BEVERAGE CORP   2022-08-24 2024-11-21
6. MONSTER BEVERAGE CORP   2022-08-24 2024-11-21
18. MONSTER BEVERAGE CORP   2022-08-24 2024-11-21
3. T-MOBILE US INC   2022-08-31 2024-11-21
92. T-MOBILE US INC   2022-08-31 2024-11-21
2. LINDE PLC   2023-03-24 2024-11-21
47. LINDE PLC   2023-03-24 2024-11-21
4. LINDE PLC   2023-03-24 2024-11-21
5. LINDE PLC   2023-03-24 2024-11-21
20. LINDE PLC   2023-03-24 2024-11-21
86. MONSTER BEVERAGE CORP   2022-08-24 2024-11-22
1440.23 FIDELITY 500 INDEX FUND   2019-02-28 2024-11-25
. MCKESSON CORP     2024-12-04
445. ADVANCED MICRO DEVICES INC   2020-11-06 2024-12-17
26. COSTCO WHSL CORP NEW   2021-11-05 2024-12-17
15. COSTCO WHSL CORP NEW   2021-11-05 2024-12-17
334. NVIDIA CORP   2023-03-28 2024-12-17
166. T-MOBILE US INC   2022-08-31 2024-12-17
281. T-MOBILE US INC   2022-09-01 2024-12-17
1. J.C. FLOWERS III PRIVATE INVESTORS OFFSHORE, LP   2023-01-01 2024-12-31
CAPITAL GAIN DIVIDENDS P    
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(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 778,692   900,000 -121,308
b 13,628   7,242 6,386
c 21,947   19,313 2,634
d 16     16
e 68     68
11,194   6,395 4,799
5,597   2,913 2,684
17,306   26,146 -8,840
17,010   24,368 -7,358
16,594   7,882 8,712
21,423   6,290 15,133
24,737   18,026 6,711
951   292 659
33,359   19,151 14,208
19,664   10,745 8,919
20,062   10,619 9,443
700,000   377,632 322,368
1,632   1,534 98
37,678   33,543 4,135
2,479   2,152 327
1,636   1,435 201
26     26
1,213   1,329 -116
28,861   31,570 -2,709
1,195   1,328 -133
18     18
42     42
53,155   4,341 48,814
122     122
55,746   30,053 25,693
10,909   7,864 3,045
46,890   28,568 18,322
27,861   43,228 -15,367
22,463   4,381 18,082
3,646   1,731 1,915
15,197   7,214 7,983
2,076   3,135 -1,059
6,063   7,496 -1,433
11,747   17,343 -5,596
3,580   4,451 -871
1,218   577 641
1,215   577 638
4,258   2,020 2,238
2,428   1,143 1,285
747   937 -190
3,015   1,428 1,587
1,500,000   729,161 770,839
1,226   571 655
609   286 323
6,634   3,142 3,492
610   286 324
3,710   1,711 1,999
4,339   1,975 2,364
4,335   1,866 2,469
2,474   1,066 1,408
2,470   1,066 1,404
2,420   2,152 268
1,615   1,435 180
3,078   1,333 1,745
5,642   5,021 621
810   717 93
5,560   2,399 3,161
7,713   6,815 898
2,437   1,066 1,371
4,051   3,587 464
3,642   3,228 414
7,310   3,198 4,112
3,665   1,599 2,066
39,625   34,209 5,416
3,203   2,743 460
10,056   6,670 3,386
76,260   47,584 28,676
1,257   1,150 107
16,072   14,480 1,592
3,245   2,817 428
11,924   1,178 10,746
8,198   802 7,396
740   73 667
24,867   21,647 3,220
161   136 25
323   271 52
971   813 158
710   434 276
21,751   13,298 8,453
903   688 215
21,237   16,177 5,060
1,805   1,377 428
2,259   1,721 538
9,059   6,884 2,175
4,652   3,885 767
300,000   139,846 160,154
124     124
55,616   38,124 17,492
25,758   14,449 11,309
14,799   7,651 7,148
43,037   8,754 34,283
37,151   23,995 13,156
62,350   39,178 23,172
3,973   362 3,611
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
      607,708
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       -121,308
b       6,386
c       2,634
d       16
e       68
      4,799
      2,684
      -8,840
      -7,358
      8,712
      15,133
      6,711
      659
      14,208
      8,919
      9,443
      322,368
      98
      4,135
      327
      201
      26
      -116
      -2,709
      -133
      18
      42
      48,814
      122
      25,693
      3,045
      18,322
      -15,367
      18,082
      1,915
      7,983
      -1,059
      -1,433
      -5,596
      -871
      641
      638
      2,238
      1,285
      -190
      1,587
      770,839
      655
      323
      3,492
      324
      1,999
      2,364
      2,469
      1,408
      1,404
      268
      180
      1,745
      621
      93
      3,161
      898
      1,371
      464
      414
      4,112
      2,066
      5,416
      460
      3,386
      28,676
      107
      1,592
      428
      10,746
      7,396
      667
      3,220
      25
      52
      158
      276
      8,453
      215
      5,060
      428
      538
      2,175
      767
      160,154
      124
      17,492
      11,309
      7,148
      34,283
      13,156
      23,172
      3,611
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2,132,040
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 41,729
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 41,729
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 41,729
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 16,196
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 66,196
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 24,467
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow24,467 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$   (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
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.morsetrust.org
14
The books are in care ofright arrowJPMORGAN CHASE BANK NA Telephone no.right arrow (800) 496-2583

Located atright arrow10 S DEARBORN IL1-0111CHICAGOIL ZIP+4right arrow60603
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JPMORGAN CHASE BANK NA TRUSTEE
25 		298,292    
10 S DEARBORN IL1-0111
CHICAGO,IL60603
JAMES L ALEXANDER TRUSTEE
25 		360,216    
208 S LASALLE STREET SUITE 1660
CHICAGO,IL606041226
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
MELISSA R PHIPPS PROGRAM OFFICER
40 		86,771 26,942  
C/O 10 S DEARBORN ST FL 21
CHICAGO,IL60603
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 N/A  
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
61,705,016
b
Average of monthly cash balances.......................
1b
1,100,615
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
62,805,631
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
62,805,631
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
942,084
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
61,863,547
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,093,177
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
3,093,177
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
41,729
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
41,729
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,051,448
4
Recoveries of amounts treated as qualifying distributions................
4
50,000
5
Add lines 3 and 4............................
5
3,101,448
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
3,101,448
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,817,968
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
2,817,968
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 3,101,448
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 2,166,354
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,817,968
a Applied to 2023, but not more than line 2a 2,166,354
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..... 651,614
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 .......... 		2,449,834
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.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
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.
NONE
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:
JAMES L ALEXANDER CO-TRUSTEE
208 S LASALLE STREET SUITE 1660
CHICAGO,IL606041226
(312) 739-0326
bThe form in which applications should be submitted and information and materials they should include:
SEE ATTACHED GUIDELINES
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE ATTACHED GUIDELINES
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

HISTORIC PULLMAN FOUNDATION

614 E 113TH STREET
CHICAGO,IL606284651 		NONE PC SUPPORT EXECUTIVE DIRECTOR 50,000

CHICAGO OPERA THEATER

410 SOUTH MICHIGAN AVENUE SUITE 40
CHICAGO,IL60605 		NONE PC SUPPORT ENDOWMENT CAMPAIGN 250,000

CHICAGO RUN

4115 NORTH RAVENSWOOD AVENUE SUITE
CHICAGO,IL60613 		NONE PC SUPPORT GENERAL OPERATIONS 20,000

RECOVERY ON WATER

1010 W 35TH STREET SUITE 600
CHICAGO,IL60609 		NONE PC SUPPORT OPERATION OF NOVICE 24,000

GRANT PARK MUSIC FESTIVAL

205 E RANDOLPH STREET 4TH FLOOR
CHICAGO,IL60601 		NONE PC SUPPORT SPONSORSHIP OF 2024 50,000

OLD IRVING PARK COMMUNITY CLINIC

5425 WEST ADDISON STREET
CHICAGO,IL60641 		NONE PC SUPPORT GENERAL OPERATION 10,000

BETTER GOVERNMENT ASSOCIATION

223 W JACKSON BLVD STE 300
CHICAGO,IL60606 		NONE PC SUPPORT EXPANDING OUTREACH 25,000

LOYOLA UNIVERSITY CHICAGO

820 N MICHIGAN AVENUE
CHICAGO,IL60611 		NONE PC SUPPORT OPERATION OF THE 25,000

CHICAGO COMMUNITY TRUST

33 SOUTH STATE STREET SUITE 750
CHICAGO,IL60603 		NONE PC SUPPORT OPERATIONS OF ARTS 25,000

CHICAGO HISTORY MUSEUM

1601 NORTH CLARK STREET
CHICAGO,IL60614 		NONE PC HELP RECRUITING A MAJOR 25,000

SCHOOL OF THE ART INSTITUTE OF CHICAGO

116 SOUTH MICHIGAN AVENUE 5TH FLOO
CHICAGO,IL60603 		NONE PC TO SUPPORT CHICAGO MAKERS 50,000

THE NEWBERRY LIBRARY

60 WEST WALTON STREET
CHICAGO,IL60610 		NONE PC SUPPORT A MULTIFORMAT 10,000

CHICAGO LIGHTHOUSE
FOR BLIND OR VISUALLY IMPAIRED
1850 WEST ROOSEVELT ROAD
CHICAGO,IL60608 		NONE PC SUPPORT THE SALARY OF VP OF 50,000

OLD TOWN SCHOOL OF FOLK MUSIC

4544 N LINCOLN AVENUE
CHICAGO,IL60625 		NONE PC SUPPORT GENERAL OPERATION 50,000

LUMINARTS CULTURAL FOUNDATION

65 W JACKSON BLVD RM 907
CHICAGO,IL60604 		NONE PC SUPPORT RENEWED CAPACITY 30,000

LEGAL AID CHICAGO

120 S LASALLE STREET SUITE 900
CHICAGO,IL60603 		NONE PC TO SUPPORT GENERAL 30,000

CHICAGO THEATRE GROUP INC

170 N DEARBORN STREET
CHICAGO,IL60601 		NONE PC SUPPORT TO IMPLEMENT A 100,000

CHINESE AMERICAN SERVICE LEAGUE

2141 SOUTH TAN COURT
CHICAGO,IL60616 		NONE PC SUPPORT CHANGE INSIGHT TECH 100,000

ART ENCOUNTER

927 NOYES STREET SUITE 222
EVANSTON,IL60201 		NONE PC SUPPORT A SPECIAL PLACE 10,000

MERCY HOUSING LAKEFRONT

120 S LASALLE STREET SUITE 1850
CHICAGO,IL60603 		NONE PC SUPPORT HOUSING FOR THE 25,000

BREAKTHROUGH URBAN MINISTRIES

402 NORTH ST LOUIS AVENUE
CHICAGO,IL60624 		NONE PC SUPPORT EARLY CHILDHOOD 15,000

CANINE THERAPY CORPS

3918 WEST FULLERTON AVE
CHICAGO,IL60647 		NONE PC TO SUPPORT DOG TRAINING 20,000

COALITION TO SAVE OUR MENTAL HEALTH
CENTERS
5760 W IRVING PARK ROAD
CHICAGO,IL60634 		NONE PC TO SUPPORT MENTAL HEALTH 83,333

ALLIES FOR COMMUNITY BUSINESS

135 NORTH KEDZIE AVENUE
CHICAGO,IL60612 		NONE PC SUPPORT NEIGHBORHOOD 35,000

JOFFREY BALLET OF CHICAGO

10 E RANDOLPH STREET
CHICAGO,IL60601 		NONE PC SUPPORT TECHNOLOGICAL 75,000

PUERTO RICAN ARTS ALLIANCE

3000 N ELBRIDGE AVE
CHICAGO,IL60618 		NONE PC SUPPORT GENERAL OPERATIONS 100,000

CHILDREN'S RESEARCH TRIANGLE

70 E LAKE ST STE 1300
CHICAGO,IL60601 		NONE PC SUPPORT TRAUMA TREATMENT 50,000

ILLINOIS JUSTICE PROJECT

21 SOUTH CLARK STREET STE 4301
CHICAGO,IL60603 		NONE PC SUPPORT MORSE GENIUS 100,000

ILLINOIS RAILWAY MUSEUM

7000 OLSON ROAD PO BOX 427
UNION,IL601800427 		NONE PC SUPPORT BUILDING 41,400

THE HONEYCOMB PROJECT

1658 NORTH MILWAUKEE AVE 190
CHICAGO,IL60647 		NONE PC SUPPORT TO BUILD 50,000

OIL LAMP THEATER

1723 GLENVIEW ROAD
GLENVIEW,IL60025 		NONE PC SUPPORT GENERAL OPERATIONS 25,000

NATIONAL PARK FOUNDATION

500 K STREET NW SUITE 700
WASHINGTON,DC20005 		NONE PC SUPPORT YOUTH EDUCATION 30,000

PEER HEALTH EXCHANGE

1423 BROADWAY SUITE 1059
OAKLAND,CA94612 		NONE PC SUPPORT HEALTH EDUCATION 25,000

CHICAGO VOYAGERS

534 PRATT AVE
SCHAUMBURG,IL60193 		NONE PC SUPPORT GENERAL OPERATIONS 50,000

P33

1234 WEST FULTON STREET
CHICAGO,IL60607 		NONE PC SUPPORT TALENT PATHWAYS 150,000

CHILDREN'S ONCOLOGYSERVICES INC

213 WEST INSTITUTE STREET SUITE 30
CHICAGO,IL60606 		NONE PC HELP CHILDREN WITH CANCER 25,000

READERS INSTITUTE FOR COMMUNITY JOURNALI

2930 SOUTH MICHIGAN AVENUE SUITE 1
CHICAGO,IL60616 		NONE PC SUPPORT REVENUE GROWTH 98,000

ENVISION UNLIMITED

8 SOUTH MICHIGAN AVENUE SUITE 1700
CHICAGO,IL60603 		NONE PC SUPPORT BUDDY BIKING 20,000

PCC COMMUNITY WELLNESS CENTER

14 LAKE STREET
OAK PARK,IL60302 		NONE PC SUPPORT DIABETES EDUCATION 19,000

FRIENDS OF HISTORIC SECOND CHURCH

1936 SOUTH MICHIGAN AVENUE
CHICAGO,IL60616 		NONE PC SUPPORT HIRING OF TWO 43,750

YOUTH CROSSROADS

6501 STANLEY
BERWYN,IL60402 		NONE PC SUPPORT THE VIOLENCE 20,000

MHUB

1623 WEST FULTON STREET
CHICAGO,IL60612 		NONE PC SUPPORT THE CATALYZE 12,500

NAVY PIER

600 EAST GRAND AVENUE
CHICAGO,IL60611 		NONE PC SUPPORT AUDIENCE 83,333

THE CENTER FOR SPEECH
AND LANGUAGE DISORDERS
310 SOUTH MAIN STREET SUITE D
LOMBARD,IL60148 		NONE PC SUPPORT GENERAL OPERATING 10,000

THE CHICAGO POETRY CENTER

1448 EAST 52ND STREET 256
CHICAGO,IL60615 		NONE PC SUPPORT POETRY RESIDENCIES 10,000

SOUTHLAND DEVELOPMENT AUTHORITY

17730 OAK PARK AVENUE SUITE D
TINLEY PARK,IL60477 		NONE PC SUPPORT TO CRAFT A 37,500

CHILDREN'S ADVOCATES FOR CHANGE

200 WEST MADISON STREET SUITE 300
CHICAGO,IL60606 		NONE PC SUPPORT YOUTH PUBLIC POLICY 15,000

RE WORK TRAINING

1 SOUTH DEARBORN STREET 20TH FLOOR
CHICAGO,IL60603 		NONE PC SUPPORT GENERAL OPERATIONS 15,000

TASKFORCE PREVENTION
AND COMMUNITY SERVICES
9 NORTH CICERO AVENUE
CHICAGO,IL60644 		NONE PC SUPPORT DROP-IN PROGRAM 10,000

BRIGHTPOINT

200 WEST MONROE STREET SUITE 2100
CHICAGO,IL60606 		NONE PC SUPPORT BEHAVIORAL 20,000
Total .................................right arrow 3a 2,247,816
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 ........... 		         
4 Dividends and interest from securities ....     14 1,249,930  
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 2,132,040  
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) ..   3,381,970  
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,381,970
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 InvestmentsCorpBondsSchedule
Name:
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
EIN:
36-6999365
Name of Bond End of Year Book Value End of Year Fair Market Value
464287176 ISHARES TIPS BOND ET 398,707 418,742
4812C0100 JPM CORE BD FD - USD 5,135,091 4,739,747
92837F755 VIRTUS SEIX FLT RT H 1,000,000 859,341
704329242 PAYDEN EMER MRKT BON 1,184,839 918,584
258620566 DOUBLELINE TTL RTRN 1,350,000 1,043,815
48121L320 JPM UNCONSTRAINED DE 1,887,223 1,894,038
70432T883 PAYDEN HIGH INCOME F 1,500,000 1,474,178

TY 2024 InvestmentsCorpStockSchedule
Name:
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
EIN:
36-6999365
Name of Stock End of Year Book Value End of Year Fair Market Value
101137107 BOSTON SCIENTIFIC CO 42,759 150,415
110122108 BRISTOL-MYERS SQUIBB 139,323 127,147
438516106 HONEYWELL INTERNATIO 12,473 74,092
464287465 ISHARES MSCI EAFE ET 5,157,264 6,206,749
464287499 ISHARES RUSSELL MID- 339,082 2,147,413
464287598 ISHARES RUSSELL 1000 430,302 1,084,862
464287655 ISHARES RUSSELL 2000 299,259 805,841
532457108 ELI LILLY & CO 8,946 94,956
548661107 LOWE'S COS INC 5,610 72,312
577130834 MATTHEWS PACIFIC TIG    
594918104 MICROSOFT CORP 70,227 757,436
609207105 MONDELEZ INTERNATION 44,309 74,185
617446448 MORGAN STANLEY 42,179 174,248
713448108 PEPSICO INC 91,874 113,893
723787107 PIONEER NATURAL RESO    
882508104 TEXAS INSTRUMENTS IN 56,616 136,882
949746101 WELLS FARGO & CO 84,838 177,637
02079K107 ALPHABET INC-CL C 34,964 384,498
02079K305 ALPHABET INC-CL A    
09062X103 BIOGEN INC    
30303M102 META PLATFORMS INC-C 127,902 466,066
57636Q104 MASTERCARD INC - A 86,775 306,990
65339F101 NEXTERA ENERGY INC 79,082 103,951
91324P102 UNITEDHEALTH GROUP I 63,975 280,246
94106B101 WASTE CONNECTIONS IN 33,297 83,559
023135106 AMAZON.COM INC 145,439 557,689
032654105 ANALOG DEVICES INC    
037833100 APPLE INC 185,122 687,653
060505104 BANK OF AMERICA CORP 54,221 141,387
48129C603 JPM US LARGE CAP COR 1,968,610 2,166,596
655844108 NORFOLK SOUTHERN COR 68,009 103,268
67066G104 NVIDIA CORP 73,137 775,659
77956H385 T ROWE PRICE NEW ASI 1,003,902 1,248,770
025816109 AMERICAN EXPRESS CO 50,863 133,556
00287Y109 ABBVIE INC 79,563 169,704
315911750 FIDELITY 500 INDEX F 4,541,388 9,811,805
337738108 FISERV INC 112,907 166,185
580135101 MCDONALD'S CORP 140,751 165,817
N6596X109 NXP SEMICONDUCTORS N 58,921 101,431
00771X419 GQG PART EMERG MKTS 1,500,000 1,457,697
007903107 ADVANCED MICRO DEVIC    
04314H857 ARTISAN INTL VAL-INS 1,750,000 2,205,319
09857L108 BOOKING HOLDINGS INC 76,069 218,610
115233207 BROWN ADV SUSTAIN GR 1,750,000 2,615,035
461202103 INTUIT INC    
461418444 WCM FOCUSED INTL GRO 1,750,000 1,608,788
518439104 ESTEE LAUDER COMPANI    
883556102 THERMO FISHER SCIENT 67,561 78,035
N07059210 ASML HOLDING NV-NY R 36,332 62,377
20825C104 CONOCOPHILLIPS 99,459 143,896
22160K105 COSTCO WHOLESALE COR 59,265 110,869
244199105 DEERE & CO    
363576109 ARTHUR J GALLAGHER & 57,329 114,392
43300A203 HILTON WORLDWIDE HOL 54,254 106,032
45687V106 INGERSOLL RAND INC 42,646 79,605
46120E602 INTUITIVE SURGICAL I 59,268 99,694
679580100 OLD DOMINION FREIGHT 60,135 75,146
75886F107 REGENERON PHARMACEUT 53,982 70,521
G29183103 EATON CORP PLC 57,655 144,363
30231G102 EXXON MOBIL CORP 180,585 233,104
46637K174 JPM MID CAP EQ FD - 1,665,000 1,967,193
61174X109 MONSTER BEVERAGE COR 45,199 53,506
64122Q531 NBRGR BRMN GENESIS-R 665,000 678,180
743315103 PROGRESSIVE CORP 95,212 192,646
78409V104 S&P GLOBAL INC 74,593 104,088
872590104 T-MOBILE US INC    
573284106 MARTIN MARIETTA MATE 97,610 118,279
842587107 THE SOUTHERN COMPANY 135,405 148,917
863667101 STRYKER CORP 84,558 102,974
872540109 TJX COMPANIES INC 53,851 79,372
G54950103 LINDE PLC 65,356 158,676
11135F101 BROADCOM INC 157,022 153,246
127387108 CADENCE DESIGN SYS I 66,827 65,500
254687106 WALT DISNEY CO/THE 106,005 102,999
68902V107 OTIS WORLDWIDE CORP 122,861 110,762
79466L302 SALESFORCE INC 157,744 183,547
824348106 SHERWIN-WILLIAMS CO/ 55,527 49,630

TY 2024 InvestmentsOtherSchedule2
Name:
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
EIN:
36-6999365
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
139954929 APOLLO EPF II PRIVAT AT COST   12,692
325691947 CLAYTON, DUBILIER & AT COST   2,426
425955911 RIVERSTONE GLOBAL EN AT COST 236,044 14,568
476499926 J.C. FLOWERS III PRI AT COST   28,390
510000920 LC ASIA PRIVATE INVE AT COST   37,612
811711969 STARWOOD SOF IX PRIV AT COST 240,759 64,891
855711974 STARWOOD SOF VIII PR AT COST 249,045 32,604
72201P175 PIMCO COMMODITYPL ST AT COST 600,000 186,614
HFVARAAV3 VARDE CREDIT PARTNER AT COST 750,000 1,236,139
HEBLAAAK6 BLACKSTONE PARTNERS AT COST 1,099,997 2,576,236
HEGTRADR8 GOLDENTREE OFFSHORE AT COST 2,255  
HEGTRADS6 GOLDENTREE OFFSHORE AT COST 2,193  
HECTUAJD3 COATUE OFFSHORE FUND AT COST 600,000 3,887,575

TY 2024 LegalFeesSchedule
Name:
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
EIN:
36-6999365
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 7,932     7,932
LEGAL FEES - INCOME (ALLOCABLE 7,932     7,932


TY 2024 OtherAssetsSchedule
Name:
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
EIN:
36-6999365
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSIT - LEASE 4,912 4,912 4,912


TY 2024 OtherDecreasesSchedule
Name:
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
EIN:
36-6999365
Description Amount
2024 TRANSACTIONS POSTED IN 2025 17,231
2023 OUTSTANDING CHECKS 6,046
RETURN OF CAPITAL ADJUSTMENT 12,372
MUTUAL FUND ADJUSTMENT 154


TY 2024 OtherExpensesSchedule
Name:
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
EIN:
36-6999365
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BUSINESS OPERATING SYSTEM 17,678 0   17,678
IT SERVICES 2,598 0   2,598
30TH ANNIVERSARY REPORT 12,500 0   12,500
PRINTING 368 0   368
TRAVEL EXPENSES 652 0   652
WORKERS COMPENSATION INSURANCE 2,329 0   2,329
FORM 5500 PREPARATION FEE 780 0   780
PAYROLL TAXES 9,290 0   9,290
PAYROLL PROCESS FEE 3,812 0   3,812
ATTORNEY GENERAL FEE 15 0   15
PARTNERSHIP EXPENSES 2,497 2,497   0


TY 2024 OtherIncreasesSchedule
Name:
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
EIN:
36-6999365
Description Amount
2023 TRANSACTIONS POSTED IN 2024 12,008
ROUNDING 5
2024 OUTSTANDING CHECKS 5,298
RECOVERY OF CHARITABLE DISTRIBUTION 50,000


TY 2024 TaxesSchedule
Name:
ELIZABETH MORSE CHARITABLE TRUST XXXXX1008
EIN:
36-6999365
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 964 964   0
FEDERAL TAX PAYMENT - PRIOR YE 16,300 0   0
FEDERAL ESTIMATES - INCOME 1,256 0   0
FOREIGN TAXES ON QUALIFIED FOR 23,060 23,060   0
FOREIGN TAXES ON NONQUALIFIED 4,485 4,485   0