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
VERA AND JOSEPH DRESNER FOUNDATION
DBA DRESNER FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)7066 MCGRAW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DETROIT, MI48210
A Employer identification number

20-5838578
B Telephone number (see instructions)

(313) 285-8618
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$155,239,462J Accounting method:
MODIFIED CASH
(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 101,954 101,954 101,954
4 Dividends and interest from securities... 3,093,121 3,093,121 3,093,121
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-322,994
b Gross sales price for all assets on line 6a 10,171,837
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain......... 8,927
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,217,531 2,175,315 2,217,531
12 Total. Add lines 1 through 11........ 5,089,612 5,370,390 5,421,533
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,431,750 559,900   871,850
14 Other employee salaries and wages...... 516,400 241,805   274,595
15 Pension plans, employee benefits....... 508,074 194,061   314,013
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
20,997     20,997
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,800 1,200   3,600
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,495,910 364,097   66,204
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,922 3,862   60
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 91,888 5,239   86,649
21 Travel, conferences, and meetings....... 80,615 25,163   55,452
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
194,969 34,890   160,079
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,349,325 1,430,217   1,853,499
25 Contributions, gifts, grants paid....... 3,037,070 3,037,070
26 Total expenses and disbursements. Add lines 24 and 25 9,386,395 1,430,217   4,890,569
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,296,783
b Net investment income (if negative, enter -0-) 3,940,173
c Adjusted net income (if negative, enter -0-)... 5,421,533
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............. 43,158 784,769 784,769
2 Savings and temporary cash investments......... 1,423,199 750,289 750,289
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.......... 317 4,573 4,573
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 94,339,932 Click to see attachment
List of Attached Documents:
// Content
100,610,074 		100,610,074
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............. 804,397 797,375 797,375
13 Investments—other (attach schedule).......... 48,299,752 Click to see attachment
List of Attached Documents:
// Content
45,794,105 		45,794,105
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow   35,475    
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,432,668 		Click to see attachment
List of Attached Documents:
// Content
6,498,277 		Click to see attachment
List of Attached Documents:
// Content
6,498,277
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 148,378,898 155,239,462 155,239,462
Liabilities 17 Accounts payable and accrued expenses.......... 469  
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)......... 469 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 148,378,429 155,239,462
29 Total net assets or fund balances (see instructions)..... 148,378,429 155,239,462
30 Total liabilities and net assets/fund balances (see instructions). 148,378,898 155,239,462
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
148,378,429
2
Enter amount from Part I, line 27a .....................
2
-4,296,783
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
11,157,816
4
Add lines 1, 2, and 3 ..........................
4
155,239,462
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
155,239,462
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 STONE RIDGE TR V ALT P 2021-01-01 2024-06-07
b STONE RIDGE TR V ALT P 2021-01-01 2024-09-06
c VANGUARD SHORT TERM ... P 2021-01-01 2024-09-16
d STONE RIDGE TR V ALT P 2021-01-01 2024-12-06
e T ROWE HLTH SCI INVS P 2023-12-18 2024-12-10
PGIM SHT DUR H/Y Z P 2024-01-01 2024-07-17
STN RDG DVR ALT P 2024-01-01 2024-07-08
DFA US LGCP VAL I P 2021-05-17 2024-02-14
FIRST EAGLE GLB I P 2020-09-03 2024-09-13
T ROWE HLTH SCI INVS P 2020-04-07 2024-12-10
PGIM SHT DUR H/Y Z P 2022-03-31 2024-07-07
STN RDG DVR ALT I P 2021-01-01 2024-07-08
VNGRD DIV GRW INVS P 2020-03-24 2024-12-11
(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 991,668   1,081,189 -89,521
b 971,254   1,068,956 -97,702
c 59,065   57,910 1,155
d 687,423   755,249 -67,826
e 73,041   66,284 6,757
82,485   80,920 1,565
161,123   160,518 605
200,000   204,205 -4,205
2,940,000   2,653,698 286,302
1,346,799   1,143,601 203,198
1,180,754   1,221,819 -41,065
1,071,527   1,032,188 39,339
1,275,000   932,819 342,181
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       -89,521
b       -97,702
c       1,155
d       -67,826
e       6,757
      1,565
      605
      -4,205
      286,302
      203,198
      -41,065
      39,339
      342,181
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 -287,519
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 8,927
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 54,768
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 54,768
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 54,768
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 113,149
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 75,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 188,149
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10 133,381
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow133,381 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowMI
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.DRESNERFOUNDATION.ORG
14
The books are in care ofright arrowKEVIN FURLONG Telephone no.right arrow (313) 285-8618

Located atright arrow7066 MCGRAWDETROITMI ZIP+4right arrow48210
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
 
 
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
LORI DRESNER DIRECTOR/PRE
40.00 		421,000 68,049 0
7066 MCGRAW
DETROIT,MI48210
KEVIN FURLONG DIRECTOR/CFO
40.00 		372,000 69,000 0
7066 MCGRAW
DETROIT,MI48210
GARY WEISMAN DIRECTOR/VP
15.00 		215,000 0 0
7066 MCGRAW
DETROIT,MI48210
MARK S COHN DIRECTOR/SEC
15.00 		132,000 33,000 0
7066 MCGRAW
DETROIT,MI48210
VIRGINIA ROMANO CEO
40.00 		291,750 69,000 0
7066 MCGRAW
DETROIT,MI48210
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
DAVID WILLIAMS PRINCIPAL RE
40.00 		223,500 78,144  
7066 MCGRAW
DETROIT,MI48210
SHAWN SCOTT FACILITIES M
40.00 		100,150 29,381  
7066 MCGRAW
DETROIT,MI48210
ERIN MARIE MCDONALD GRANT/PROGRA
40.00 		91,500 24,838  
7066 MCGRAW
DETROIT,MI48210
SONJA KROLIK EXECUTIVE AS
40.00 		61,000 15,250  
7066 MCGRAW
DETROIT,MI48210
Total number of other employees paid over $50,000...................right arrow 9
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
CRUDEN BAY INVESTMENT MGMT LLC INVESTMENT MGMT 327,591
2945 TOWNSGATE RD
SUITE 200
WESTLAKE VILLAGE,CA91361
TAKTIX SOLUTIONS LLC CONSULTING 149,527
211 W FORT STREET
SUITE 720
DETROIT,MI48226
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 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
79,363,524
b
Average of monthly cash balances.......................
1b
2,286,892
c
Fair market value of all other assets (see instructions)................
1c
66,237,327
d
Total (add lines 1a, b, and c).........................
1d
147,887,743
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
147,887,743
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,218,316
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
145,669,427
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,283,471
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
7,283,471
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
54,768
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
54,768
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,228,703
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
7,228,703
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
7,228,703
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
4,890,569
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
3,065,609
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
7,956,178
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 7,228,703
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 6,244,631
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 7,956,178
a Applied to 2023, but not more than line 2a 6,244,631
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 1,711,547
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		5,517,156
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
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

GLEANERS COMMUNITY FOOD BANK

2131 BEAUFAIT
DETROIT,MI48207 		  501(C)(3) PROGRAM SUPPORT 400,000

FORGOTTEN HARVEST

21800 GREENFIELD RD
OAK PARK,MI48237 		  501(C)(3) PROGRAM SUPPORT 262,500

OREGON HEALTH AND SCIENCE UNIV FOU

2020 SW 4TH AVENUE
SUITE 900
PORTLAND,OR97201 		  501(C)(3) RESEARCH GRANT 250,000

UNIVERSITY OF WASHINGTON FOUNDATION

GIFT SERVICES BOX 359505
SEATTLE,WA98195 		  501(C)(3) RESEARCH GRANT 250,000

ALBERT EINSTEIN COLLEGE OF MEDICINE

1300 MORRIS PARK AVENUE
BRONX,NY10461 		  501(C)(3) RESEARCH GRANT 125,000

FRED HUTCHINSON CANCER RESEARCH

1100 FAIRVIEW AVE N
SEATTLE,WA98109 		  501(C)(3) RESEARCH GRANT 125,000

THE BRIGHAM AND WOMEN'S HOSPITAL

75 FRANCIS STREET
BOSTON,MA02115 		  501(C)(3) RESEARCH GRANT 125,000

UNIVERSITY OF COLORADO DENVER

PO BOX 910238
DENVER,CO80291 		  501(C)(3) RESEARCH GRANT 125,000

MIDNIGHT GOLF PROGRAM

30100 TELEGRAPH
SUITE 224
BINGHAM FARMS,MI48025 		  501(C)(3) PROGRAM SUPPORT 110,000

MICHIGAN HUMANE SOCIETY

30300 TELEGRAPH RD
SUITE 220
BINGHAM FARMS,MI48025 		  501(C)(3) PROGRAM SUPPORT 100,000

RACQUET UP DETROIT

PO BOX 11404
DETROIT,MI48211 		  501(C)(3) PROGRAM SUPPORT 100,000

MACOMB COUNTY ROTATING EMERG SHELT

215 S MAIN ST
MOUNT CLEMENS,MI48043 		  501(C)(3) PROGRAM SUPPORT 65,000

ACCOUNTING AID SOCIETY

3031 W GRAND BLVD
DETROIT,MI48202 		  501(C)(3) PROGRAM SUPPORT 59,317

DETROIT FOOD AND ENTREPRENEURSHIP

4444 2ND AVENUE
DETROIT,MI48201 		  501(C)(3) PROGRAM SUPPORT 50,000

FLORENCE CRITTENTON SERVICES OF CO

96 S ZUNI STREET
DENVER,CO80223 		  501(C)(3) PROGRAM SUPPORT 50,000

LIGHTHOUSE MICHIGAN

46156 WOODWARD AVE
PONTIAC,MI48342 		  501(C)(3) PROGRAM SUPPORT 50,000

MUSIC HALL CENTER FOR PERFORMING AR

350 MADISONAVENUE
DETROIT,MI48226 		  501(C)(3) PROGRAM SUPPORT 50,000

THE SOCIETY OF ST VINCET DEPAUL

3000 GRATIOT
DETROIT,MI48207 		  501(C)(3) PROGRAM SUPPORT 50,000

SER METRO DETROIT

9301 MICHIGAN AVE
DETROIT,MI48210 		  501(C)(3) PROGRAM SUPPORT 43,000

JEWISH FAMILY SERVICES OF CO

3201 S TAMARAC DRIVE
SUITE 200
DENVER,CO80231 		  501(C)(3) PROGRAMMATIC SUPPORT 40,000

WINNING FUTURES

27500 COSGROVE
WARREN,MI48092 		  501(C)(3) PROGRAM SUPPORT 40,000

CATHOLIC CHARITIES OF SE MICHIGAN

24445 NORTHWESTERN HWY
SUITE 200
SOUTHFIELD,MI48075 		  501(C)(3) PROGRAM SUPPORT 35,000

DENVER ART MUSEUM INC

100 W 14TH AVENUE PARKWA
DENVER,CO80204 		  501(C)(3) PROGRAM SUPPORT 34,780

COVENENT HOUSE MICHIGAN

2959 MARTIN LUTHER KING J
DETROIT,MI48208 		  501(C)(3) PROGRAM SUPPORT 31,773

THE ROCKET GIVING FUND

303 EAST WACKER DRIVE
SUITE 2200
CHICAGO,IL60601 		  501(C)(3) PROGRAM SUPPORT 30,000

JEWISH FEDERATION OF DETROIT

6735 TELEGRAPH RD
BLOOMFIELD,MI48303 		  501(C)(3) PROGRAM SUPPORT 27,800

CHILDREN'S FOUNDATION

3011 W GRAND BLVD
SUITE 218
DETROIT,MI48202 		  501(C)(3) PROGRAM SUPPORT 25,000

FIGURE SKATING DETROIT

19120 GRAND RIVER
DETROIT,MI48223 		  501(C)(3) PROGRAM SUPPORT 25,000

FOOD GATHERERS

1 CARROT WAY
ANN ARBOR,MI48105 		  501(C)(3) PROGRAM SUPPORT 25,000

JUNIOR ACHIEVEMENT OF SE MICHIGAN

577 LARNED ST
DETROIT,MI48226 		  501(C)(3) PROGRAM SUPPORT 25,000

THE FRIENDSHIP CIRCLE

6892 W MAPLE ROAD
WEST BLOOMFIELD,MI48322 		  501(C)(3) GENERAL SUPPORT 25,000

ERASE PTSD NOW

1515 E WOODWARD RD
SUITE 250
SCHAUMBURG,IL60173 		  501(C)(3) PROGRAM SUPPORT 20,000

THE MAKE-A-WISH FOUNDATION OF MI

7600 GRAND RIVER AVE
BRIGHTON,MI48114 		  501(C)(3) GENERAL SUPPORT 20,000

CARBONDALE CLAY CENTER

135 MAIN STREET
CARBONDALE,CO81623 		  501(C)(3) PROGRAM SUPPORT 15,000

THE BUDDY PROGRAM

110 E HALLMAM ST
SUITE 101
ASPEN,CO81611 		  501(C)(3) PROGRAM SUPPORT 15,000

KIRK GIBSON FOUNDATION FOR PARKINSO

280 N OLD WOODWARD AVE
SUITE 106
BIRMINGHAM,MI48009 		  501(C)(3) PROGRAM SUPPORT 12,500

COLORADO PET PANTRY

PO BOX 323
BOULDER,CO80306 		  501(C)(3) PROGRAM SUPPORT 12,000

MUSEUM OF CONTEMPORARY ART DETROIT

4454 WOODWARD AVE
DETROIT,MI48201 		  501(C)(3) PROGRAM SUPPORT 11,700

ANDERSON RANCH ARTS CENTER

PO BOX 5598
SNOWMASS VILLAGE,CO81615 		  501(C)93) PROGRAMMATIC SUPPORT 10,000

ASPEN COMMUNITY FOUNDATION

110 EAST HALLAN ST
SUITE 126
ASPEN,CO81611 		  501(C)(3) PROGRAM SUPPORT 10,000

BRAIN INJURY ASSOCIATION OF MICHIGA

8137 WEST GRAND RIVER
SUITE A
BRIGHTON,MI48116 		  501(C)(3) GENERAL SUPPORT 10,000

CLOTHES TO KIDS DENVER

2890 S COLORADO BLVD
SUITE M3
DENVER,CO80222 		  501(C)(3) PROGRAM SUPPORT 10,000

DETROIT2NEPAL FOUNDATION

2035 BAYOU
WEST BLOOMFIELD,MI48323 		  501(C)(3) GENERAL SUPPORT 10,000

FOCUS POINT FAMILY RESOURCE CENTER

2501 E 48TH AVENUE
DENVER,CO80216 		  501(C)(3) PROGRAM SUPPORT 10,000

THE CHAD TOUGH FOUNDATION

PO BOX 907
SALINE,MI48176 		  501(C)(3) PROGRAM SUPPORT 10,000

UNIVERSITY OF MICHIGAN

3003 SOUTH STATE ST
SUITE 9000
ANN ARBOR,MI48109 		  501(C)(3) PROGRAM SUPPORT 10,000

URBAN PEAK DENVER

2100 STOUT ST
DENVER,CO80205 		  501(C)(3) PROGRAM SUPPORT 8,000

CASCADES HUMANE SOCIETY

1515 CARMEN DR
JACKSON,MI49202 		  501(C)(3) PROGRAM SUPPORT 7,500

LUBAVITCH FOUNDATION

14100 W NINE 9 MILE RD
OAK PARK,MI48237 		  501(C)(3) PROGRAM SUPPORT 7,500

CENTER FOR SUCCESS NETWORK

2470 COLLINGWOOD
SUITE 102
DETROIT,MI48206 		  501(C)(3) PROGRAM SUPPORT 6,000

YOUTH ZONE

413 9TH STREET
GLENWOOD SPRINGS,CO81601 		  501(C)(3) PROGRAM SUPPORT 5,200

AUBURN HILLS COMMUNITY FOUNDATION

1827 NORTH SQURREL RD
AUBURN HILLS,MI48326 		  501(C)(3) PROGRAM SUPPORT 5,000

CHARLEVOIX HISTORICAL SOCIETY

PO BOX 525
CHARLEVOIX,MI49720 		  501(C)(3) PROGRAM SUPPORT 5,000

FRIENDS OF THE ASPEN ANIMAL SHELTE

101 ANIMAL SHELTER RD
ASPEN,CO81612 		  501(C)(3) PROGRAM SUPPORT 5,000

FRIENDSHIP CIRCLE OF COLORADO

9950 LONE TREE PARKWAY
LONE TREE,CO80124 		  501(C)(3) PROGRAM SUPPORT 5,000

JEWISH COLORADO

300 S DAHLIA ST
SUITE 300
DENVER,CO80246 		  501(C)(3) PROGRAM SUPPORT 5,000

LUCKY DAY ANIMAL RESCUE

PO BOX 8856
ASPEN,CO81612 		  501(C)(3) PROGRAM SUPPORT 5,000

PLANNED PARENTHOOD OF ROCKY MOUNT

7155 E 38TH AVE
DENVER,CO80207 		  501(C)(3) PROGRAM SUPPORT 5,000

DEFEAT THE LABEL

31100 NORTHWESTERN HWY
FARMINGTON HILLS,MI48334 		  501(C)(3) PROGRAM SUPPORT 3,000

OCC FOUNDATION

2480 OPDYKE ROAD
BLOOMFIELD HILLS,MI48304 		  501(C)(3) PROGRAM SUPPORT 3,000

FRANKLIN-BINGHAM FARMS POLICE BEN

PO BOX 20052
FRANKLIN,MI48025 		  501(C)(3) PROGRAM SUPPORT 2,500

GARY BURNSTEIN COMMUNITY HEALTH

45580 WOODWARD AVE
PONTIAC,MI48341 		  501(C)(3) PROGRAM SUPPORT 2,500

MICHIGAN CENTRAL CENTER FOR MOBILIT

2020 15TH STREET
DETROIT,MI48216 		  501(C)(3) PROGRAM SUPPORT 2,500

ORT AMERICA

6735 TELEGRAPH RD
SUITE 350
BLOOMFIELD HILLS,MI48301 		  501(C)(3) GENERAL SUPPORT 2,500

PINK FUND

PO BOX 607
SOUTHFIELD,MI48037 		  501(C)(3) PROGRAM SUPPORT 2,500

YOGA MOVES MS

31126 BRIARCLIFF ROAD
FRANKLIN,MI48025 		  501(C)(3) PROGRAM SUPPORT 2,500

FRIENDS OF THE PENN

760 PENNIMAN AVE
PLYMOUTH,MI48170 		  501(C)(3) PROGRAM SUPPORT 2,000

GOLF ASSOCIATION OF MICHIGAN

39255 COUNTRY CLUB DRIVE
SUITE B40
FARMINGTON HILLS,MI48831 		  501(C)(3) PROGRAM SUPPORT 1,500

AMERICAN HEART ASSOC

26555 EVERGREEN
SUITE 570
SOUTHFIELD,MI48076 		  501(C)(3) PROGRAM SUPPORT 1,000

MEMORIAL SLOAN KETTERING CANCER

1275 YORK AVENUE
NEW YORK,NY10065 		  501(C)(3) PROGRAM SUPPORT 1,000

PAINT A MIRACLE

400 WATER ST LL4
ROCHESTER,MI48307 		  501(C)(3) PROGRAM SUPPORT 1,000
Total .................................right arrow 3a 3,037,070
bApproved for future payment

GARY BURNSTEIN COMMUNITY HEALTH
45580 WOODWARD AVE
PONTIAC,MI48341 		  501(C)(3) PROGRAM SUPPORT 129,328

RACQUET UP DETROIT
PO BOX 11404
DETROIT,MI48211 		  501(C)(3) PROGRAM SUPPORT 100,000

LIGHTHOUSE SOUTH OAKLAND SHELTER
46156 WOODWARD AVENUE
PONTIAC,MI48342 		  501(C)(3) PROGRAM SUPPORT 50,000
Total ................................. right arrow 3b 279,328
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 ........... 		    14 101,954  
4 Dividends and interest from securities ....     14 3,093,121  
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 .....     14 370,138  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    3 -322,994  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aC/R GLOBAL ENERGY & POWER I 		    14 363  
bC/R GLOBAL ENERGY & POWER I 532000 -108      
cC/R GLOBAL E&P III - DIRECT     14 -85  
dCERBERUS PARTNERS     14 -17,451  
eCERBERUS PARTNERS II     14 12,607  
fCERBERUS PARTNERS II 532000 5,652      
gD&F INVESTMENTS II, LLC     16 769,465  
hD&F INVESTMENTS, LLC     16 959,040  
iERIAL JARVIS, LLC     16 20,051  
jR/C GLOBAL E&P IV CAYMAN     14 -231  
kR/C GLOBAL E&P IV     14 -343  
lR/C GLOBAL E&P IV FT     14 -43  
mTRAID /SIOUX FALLS     16 61,804  
nTRAID /SIOUX FALLS 532000 36,672      
12 Subtotal. Add columns (b), (d), and (e) .. 42,216 5,047,396  
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,089,612
(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 AccountingFeesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 4,800 1,200   3,600

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

TY 2024 GainLossSaleOtherAssetsSch
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
OLD LOCATION   PURCHASE 2024-01  
UNRELATED PARTY 		  180,208     -35,475 144,733

TY 2024 InvestmentsCorpStockSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Name of Stock End of Year Book Value End of Year Fair Market Value
ANN ARBOR - T BILLS 881,316 881,316
FIDELITY-CLARKSTON FOUNDERS FUND 4,503,914 4,503,914
FIDELITY-CLARKSTON PARTNERS FUND 4,359,609 4,359,609
GLYCADIA, INC 652,440 652,440
LPL-AXSIX-AXONIC STRATEGIC INC 1,265,899 1,265,899
LPL-CCLFX-CLIFFWATER CORP 1,365,286 1,365,286
LPL-COWZ-PACER US CASH COWS 954,258 954,258
LPL-DFAC-DIMENSIONAL US CORE 2,580,456 2,580,456
LPL-DFIEX-DFA INTL CORE EQUITY 984,598 984,598
LPL-DFLVX-DFA US LARGE CAP VALUE 3,501,690 3,501,690
LPL-DFQTX-DFA US CORE EQUITY 5,630,194 5,630,194
LPL-DFSTX-DFA US SMALL CAP CL I 1,975,498 1,975,498
LPL-DFSVX-DFA US SMALL CAP 1,552,209 1,552,209
LPL-DFUSX-DFA US LARGE CO 7,737,809 7,737,809
LPL-DSEEX-DOUBLELINE SHILLER 2,672,165 2,672,165
LPL-DURPX-DFA US HIGH RELATIVE 3,365,697 3,365,697
LPL-DUSLX-DFA US LARGE CAP GROWHT 5,776,844 5,776,844
LPL-EIFAX-EATON VANCE FLOATING 2,589,666 2,589,666
LPL-HYSZX-PGIM SHORT DURATIONS HY    
LPL-IQLT-ISHARES EDGE MSCI INTL QUAL 688,168 688,168
LPL-JEPIX-JPMORGAN EQUITY PREM 967,469 967,469
LPL-MOAT-VANECK MORNINGSTAR 4,015,910 4,015,910
LPL-PIMIX-PIMCO INCOME INSTL 2,927,862 2,927,862
LPL-PRFRX T ROWE PRICE FLOATING 3,075,135 3,075,135
LPL-PRHSX-T ROWE HEALTH SCIENCES    
LPL-PRWCX-T ROWE CP APPREC INVEST 11,257,321 11,257,321
LPL-QUAL-ISHARES EDGE MSCI US QUAL 2,770,527 2,770,527
LPL-SGIIX-FIRST EAGLE GLOBAL CL1 1,861,577 1,861,577
LPL-SRDAX-STONE RIDGE DIVERSE    
LPL-VDIGX-VANGUARD DIVIDEND GR 2,278,539 2,278,539
SCHAWB-ARES PRIVATE 612,430 612,430
SCHAWB-BLACKSTONE T FUND CLASS 1 3,976,510 3,976,510
SCHAWB-BLACKSTONE-PE-LP CLASS ITE 1,117,420 1,117,420
SCHAWB-CAIS APOLLO ALIGNED 3,464,705 3,464,705
SCHAWB-CAIS APOLLO INVEST 241,155 241,155
SCHAWB-VANGUARD ST TREAS 1,604,023 1,604,023
SCHWAB-PIMCO FLEX CREDIT 2,898,654 2,898,654
SCHWAB-STILLWATER CORP LEIN 2,963,400 2,963,400
SCHWAB-STONE RIDGE ALT LEND 1,539,721 1,539,721
WELLS FARGO - T BILLS    

TY 2024 InvestmentsOtherSchedule2
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
C/R GLOBAL E&P FUND III FMV 3,220 3,220
CERBERUS PARTNERS II, LP FMV 535,378 535,378
CERBERUS PARTNERS, LP FMV 233,527 233,527
D&F INVESTMENTS II, LLC FMV 19,751,316 19,751,316
D&F INVESTMENTS, LLC FMV 22,687,658 22,687,658
ERIAL-JARVIS, LLC FMV 1,028,179 1,028,179
R/C GLOBAL E&P FUND IV FMV 349 349
TRIAD-SIOUX FALLS PROP, LLC FMV 1,554,478 1,554,478

TY 2024 LandEtcSchedule2
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE BUILDOUT        
OFFICE FURNITURE        
OFFICE EQUIPMENT        


TY 2024 LegalFeesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 20,997     20,997


TY 2024 OtherAssetsSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CHARITABLE USE ASSETS (GILBERT/MCGRA 3,432,668 6,498,277 6,498,277


TY 2024 OtherExpensesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
ALARM 9,875     9,875
ASSOCIATION DUES 31,829 632   31,197
BANK CHARGES 1,039 1,039    
CLEANING 3,609     3,609
COMPUTER EXPENSES 43,814 10,217   33,597
COPIER 3,583 896   2,687
DOCUMENT SHREDDING 553 138   415
DUES AND SUBSCRIPTIONS 8,919 7,940   979
ELEVATOR 27,898     27,898
INSURANCE D&O 10,516 3,886   6,630
INSURANCE WORKERS COMP 2,271 839   1,432
LAWN & SNOW 17,101     17,101
OFFICE SUPPLY 31,930 6,199   25,731
PAYROLL PROCESSING 3,514 1,299   2,215
POSTAGE 1,188 1,188    
REFUND PROPERTY TAXES -14,902     -14,902
TELEPHONE 6,819 617   6,202
WEBSITE 5,413     5,413


TY 2024 OtherIncomeSchedule2
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MANAGEMENT FEE INCOME 369,660 369,660 369,660
BUILDING REPAIR 478 478 478
C/R GLOBAL ENERGY & POWER III 363 363 363
C/R GLOBAL ENERGY & POWER III -108   -108
C/R GLOBAL E&P III - DIRECT -85 -85 -85
CERBERUS PARTNERS -17,451 -17,451 -17,451
CERBERUS PARTNERS II 12,607 12,607 12,607
CERBERUS PARTNERS II 5,652   5,652
D&F INVESTMENTS II, LLC 769,465 769,465 769,465
D&F INVESTMENTS, LLC 959,040 959,040 959,040
ERIAL JARVIS, LLC 20,051 20,051 20,051
R/C GLOBAL E&P IV CAYMAN -231 -231 -231
R/C GLOBAL E&P IV -343 -343 -343
R/C GLOBAL E&P IV FT -43 -43 -43
TRAID /SIOUX FALLS 61,804 61,804 61,804
TRAID /SIOUX FALLS 36,672   36,672


TY 2024 OtherIncreasesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Description Amount
UNREALIZED INVESTMENT GAIN 11,157,816


TY 2024 OtherProfessionalFeesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 98,379 32,175   66,204
INVEST. MANAGEMENT CRUDEN BAY 273,789 273,789    
INVEST. MANAGEMENT WELLS T-BILLS 4,331 4,331    
INVEST. MANAGEMENT CRUDEN SCHWAB 53,802 53,802    
CONTRACT SERVICES 3,065,609      


TY 2024 TaxesSchedule
Name:
VERA AND JOSEPH DRESNER FOUNDATION
 
DBA DRESNER FOUNDATION
EIN:
20-5838578
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MICHIGAN FILING FEE 350 290   60
FOREIGN TAX W/H 3,572 3,572