Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE ASLAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)5107 HOMBERG DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
KNOXVILLE, TN37919
A Employer identification number

62-1520208
B Telephone number (see instructions)

(865) 524-6360
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$127,415,357J 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 3,023 3,023  
4 Dividends and interest from securities... 1,677,242 1,677,242  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,007,400
b Gross sales price for all assets on line 6a 26,102,468
7 Capital gain net income (from Part IV, line 2)... 1,007,400
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
36,477 35,556  
12 Total. Add lines 1 through 11........ 2,724,142 2,723,221  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 1,101,135 15,015   1,086,119
15 Pension plans, employee benefits....... 116,366 1,587   114,779
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
49,115     45,425
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
64,230     74,860
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
490,788 176,275   309,537
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
162,601 49,269   79,082
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
944,992    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 27,794     30,494
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
994,721 24,239   1,028,348
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,951,742 266,385   2,768,644
25 Contributions, gifts, grants paid....... 880,643 917,911
26 Total expenses and disbursements. Add lines 24 and 25 4,832,385 266,385   3,686,555
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,108,243
b Net investment income (if negative, enter -0-) 2,456,836
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 7,418 135,416 135,416
2 Savings and temporary cash investments......... 6,706,520 5,618,734 5,618,734
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.......... 70,069 100,023 100,023
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 58,655,093 Click to see attachment
List of Attached Documents:
// Content
68,224,117 		68,224,117
c Investments—corporate bonds (attach schedule)....... 10,051,581 Click to see attachment
List of Attached Documents:
// Content
1,503,088 		1,503,088
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).......... 522,355 Click to see attachment
List of Attached Documents:
// Content
481,451 		481,451
14 Land, buildings, and equipment: basis right arrow51,352,528
Less: accumulated depreciation (attach schedule) right arrow5,446,278 40,842,544 Click to see attachment
List of Attached Documents:
// Content
45,906,250 		51,352,528
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 116,855,580 121,969,079 127,415,357
Liabilities 17 Accounts payable and accrued expenses.......... 774,177 30,886
18 Grants payable................. 925,267 887,999
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) Click to see attachment
List of Attached Documents:
// Content
4,050 		Click to see attachment
List of Attached Documents:
// Content
3,600
23 Total liabilities (add lines 17 through 22)......... 1,703,494 922,485
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........... 115,152,086 121,046,594
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 115,152,086 121,046,594
30 Total liabilities and net assets/fund balances (see instructions). 116,855,580 121,969,079
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
115,152,086
2
Enter amount from Part I, line 27a .....................
2
-2,108,243
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,002,751
4
Add lines 1, 2, and 3 ..........................
4
121,046,594
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
121,046,594
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 SCHWAB 4350 GAINS P    
b SCHWAB 6712 LOSSES P    
c OVATION ALT INC FUND LP SECT 1231 P    
d FAIRWAY R.E. FUND LP CAPITAL GAIN P    
e OVATION ALT INC FUND LP CAPITAL LOSS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 23,761,307   22,652,767 1,108,540
b 2,340,245   2,440,236 -99,991
c 40     40
d 876     876
e     2,065 -2,065
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       1,108,540
b       -99,991
c       40
d       876
e       -2,065
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 1,007,400
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 1,007,400
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 34,150
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 34,150
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 34,150
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 35,660
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 17,900
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 53,560
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 19,410
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow19,410 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTN
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.ASLANFOUNDATION.ORG
14
The books are in care ofright arrowLINDSAY Y MCDONOUGH Telephone no.right arrow (865) 524-6360

Located atright arrow5107 HOMBERG DRIVEKNOXVILLETN ZIP+4right arrow37919
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)
Yes
 
(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
 
No
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
LINDSAY Y MCDONOUGH TREASURER
000.00 		0 0 0
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
MARK K WILLIAMS SECRETARY
000.00 		0 0 0
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
ROBERT S YOUNG PRESIDENT
000.00 		0 0 0
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
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
ANDREA BAILEY FORMER EXEC
000.00 		222,119 12,452  
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
SARAH SWINFORD DIR OF LH AR
000.00 		108,628 10,971  
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
RANDALL COFFEY DIR OF PROPE
000.00 		104,878 8,862  
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
COY BLAIR EWH PROPERTY
000.00 		78,077 9,963  
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
JOHN WORLEY FACILITIES M
000.00 		71,204 12,876  
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
Total number of other employees paid over $50,000...................right arrow 5
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
HICKORY CONSTRUCTION CONSTRUCTION 4,276,991
124 KENT PLACE
ALCOA,TN37701
SANDERS PACE ARCHITECTURE ARCHITECTURE 448,784
514 W JACKSON AVENUE
KNOXVILLE,TN37902
EVERGREEN TIMBER WORKS LANDSCAPING 372,090
1901 EARL AVENUE
KNOXVILE,TN37920
DESIGN RANCH GRAPHICS DESIGN 171,831
1600 SUMMIT STREET
KNASAS CITY,MO64108
CLEARVIEW SECURITIES SECURITY MONITR 108,511
PO BOX 3444
KNOXVILLE,TN37927
Total number of others receiving over $50,000 for professional services.............right arrow3
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 EUGENIA WILLIAMS PROJECT: RESTORATION OF HISTORIC BUILDING AND GROUNDS TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT. 6,538,666
2 LOGHAVEN ARTIST RESIDENCY: SERVING ARTISTS BY PROVIDING TIME AND SPACE TO WORK, THEREBY FACILITATING THE CREATION OF NEW WORK FOR THE PUBLIC. 1,320,280
3 HIGH GROUND PARK: PRESERVATION AND MAINTENANCE OF THE CIVIL WAR FORT HIGLEY SITE AND THE SCENIC VALUE OF A RIDGE ABOVE THE TENNESSEE RIVER FOR PUBLIC USE AND BENEFIT. 155,377
4 CANDORO MARBLE BUILDING: MAINTENANCE OF HISTORIC BUILDING TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT. 103,175
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
76,757,353
b
Average of monthly cash balances.......................
1b
438,251
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
77,195,604
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
77,195,604
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,157,934
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
76,037,670
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,801,884
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
3,801,884
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
34,150
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
34,150
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,767,734
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
3,767,734
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
3,767,734
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,686,555
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
6,008,698
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
9,695,253
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 3,767,734
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 8,196,244
b From 2020...... 5,324,612
c From 2021...... 1,133,147
d From 2022...... 3,017,021
e From 2023...... 4,244,645
f Total of lines 3a through e ........ 21,915,669
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 9,695,253
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 3,767,734
e Remaining amount distributed out of corpus 5,927,519
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 27,843,188
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		8,196,244
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		19,646,944
10 Analysis of line 9:
a Excess from 2020.... 5,324,612
b Excess from 2021.... 1,133,147
c Excess from 2022.... 3,017,021
d Excess from 2023.... 4,244,645
e Excess from 2024.... 5,927,519
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).)
ROBERT S YOUNG JR
LINDSAY Y MCDONOUGH
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:
APPLICATIONS TO BE SUBMITTED ONLINE
5107 HOMBERG DRIVE
KNOXVILLE,TN37919
(865) 524-6360
ASLANFOUNDATION.SUBMITTABLE.COM
bThe form in which applications should be submitted and information and materials they should include:
FOUNDATION'S ONLINE GRANT APPLICATION
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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
JENNIFER LAY SHYU


2107 BEDFORD AVE A2
BROOKLYN,NY11226 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
MANDY ANNETTE CANO VILLALOBOS


352 EUREKA AVE SE
GRAND RAPIDS,MI49506 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
NAVA DUNKELMAN


65 WYCKOFF AVE APT 2L
BROOKLYN,NY11237 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
ROBERT HUTCHISON


4010 WHITMAN AVE N
SEATTLE,WA98103 		N/A INDIVIDUAL ARTIST GRANT - 2023 1,700
ADRIENNE MACKEY


7527 BROOKLYN AVE NE
SEATTLE,WA98115 		N/A INDIVIDUAL ARTIST GRANT - 2024 1,700
AMY BOONE-MCCREESH


901 HARGROVE ST
BALTIMORE,MD21202 		N/A INDIVIDUAL ARTIST GRANT - 2024 4,979
ANDREW SCHNEIDER


377 ARGYLE RD 3B
BROOKLYN,NY11218 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,036
BARRY GABRIEL MARTINEZ


2521 OAKDALE ST
HOUSTON,TX77004 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
CAMERON P DOWNEY


4354 QUEEN AVE N
MINNEAPOLIS,MN55412 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,157
CATHERINE GALASSO


169 ECKFORD ST APT 2
BROOKLYN,NY11222 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,279
CATHY LINH CHE


35 MARKET ST APT 5A
NEW YORK,NY10002 		N/A INDIVIDUAL ARTIST GRANT - 2024 2,914
CHRISTOPHER NUNEZ CHAVES


544 WEST 50TH ST APT 4RE
NEW YORK,NY10019 		N/A INDIVIDUAL ARTIST GRANT - 2024 1,700
DANTIEL W MONIZ


2124 E WASHINGTON AVE
MADISON,WI53704 		N/A INDIVIDUAL ARTIST GRANT - 2024 1,700
DAVID CERF


88 NORWICH STREET
SAN FRANCISCO,CA94110 		N/A INDIVIDUAL ARTIST GRANT - 2024 1,336
DORIAN WOOD


6159 ANNAN WAY
LOS ANGELES,CA90042 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
ERIKA SHARON MEITNER


6313 STONEFIELD RD
MIDDLETON,WI53562 		N/A INDIVIDUAL ARTIST GRANT - 2023 850
FRANK RICHARD JACOBUS


520 MCKEE STREET
STATE COLLEGE,PA16803 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
ISABEL CRESPO


1760 UNION STREET APT A9
BROOKLYN,NY11213 		N/A INDIVIDUAL ARTIST GRANT - 2024 5,100
JASMINE ORPILLA


1408 ARMADALE AVE 7
LOS ANGELES,CA90042 		N/A INDIVIDUAL ARTIST GRANT - 2024 4,554
JENNIFER HOPE CHOI


5516 LAKESHORE DR UNT 302
COLUMBIA,SC29206 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
JOHNATHAN VANDYKE


671 LEONARD ST APT 3
BROOKLYN,NY11222 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
KARLA QUINTERO


1890 GROVE STREET APT 3
SAN FRANCISCO,CA94117 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
KATE BREDESON


2325 NE FLANDERS STR 14
PORTLAND,OR97232 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
LISA BIELAWA


610 WEST 164TH ST APT 51
NEW YORK,NY10032 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
MARK MANACK


1116 LOUISE AVE
CHARLOTTE,NC28205 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
MARY PRESCOTT


635 W 59TH ST APT 802
NEW YORK,NY10019 		N/A INDIVIDUAL ARTIST GRANT - 2024 4,796
NINA COOKE JOHN


336 N FULLERTON AVE
MONTCLAIR,NJ07043 		N/A INDIVIDUAL ARTIST GRANT - 2024 1,700
RUDRESH MAHANTHAPPA


28 EDGECLIFF RD
MONTCLAIR,NJ07043 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
STEPHANIE ERIN BATISTE


1080 BERGEN STREET 205
BROOKLYN,NY11216 		N/A INDIVIDUAL ARTIST GRANT - 2024 5,100
SUSMITA MAHATO


200 17TH AVE E 403
SEATTLE,WA98112 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
TSZ YAN NG


1907 WINSTED BLVD
ANN ARBOR,MI48103 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400
ALEXANDER NOICE


116 EL MOLINO AVE APT 8
PASADENA,CA91101 		N/A INDIVIDUAL ARTIST GRANT - 2024 3,400

A STEP AHEAD

PO BOX 20363
KNOXVILLE,TN37940 		  501(C)3 2024 GRANT 20,000

APPALACHIAN MOUNTAIN BIKE CLUB

PO BOX 883
KNOXVILLE,TN37901 		  501(C)3 2024 GRANT 16,000

BIG EARS FESTIVAL

PO BOX 217
KNOXVILLE,TN379010901 		  501(C)(3) 2024 GRANT 229,167

BOYS AND GIRLS CLUB OF TN VALLEY

967 IRWIN STREET
KNOXVILLE,TN37917 		  501(C)(3) 2024 GRANT 25,000

IJAMS NATURE CENTER

2915 ISLAND HOME AVE
KNOXVILLE,TN37920 		  501(C)(3) 2024 GRANT 20,000

KNOXVILLE HISTORY PROJECT

516 WEST VINE AV STE 8
KNOXVILLE,TN37902 		  501(C)3 2024 GRANT 10,000

KNOXVILLE MUSEUM OF ART

1050 WORLDS FAIR PARK
KNOXVILLE,TN37916 		  501(C)(3) 2024 GRANT 35,000

KNOXVILLE OPERA COMPANY

612 E DEPOT AVENUE
KNOXVILLE,TN37917 		  501(C)3 2024 GRANT 15,000

KNOXVILLE SYMPHONY ORCHESTRA

PO BOX 360
KNOXVILLE,TN379010360 		  501(C)3 2024 GRANT 38,000

TRI-STAR ARTS

4450 CANDORA AVE
KNOXVILLE,TN37920 		  501(C)(3) 2024 GRANT 80,000

YOUNG-WILLIAMS CENTER

3201 DIVISION STREET
KNOXVILLE,TN37919 		  501(C)(3) 2024 GRANT 275,000

BIG EARS FESTIVAL

PO BOX 217
KNOXVILLE,TN379010901 		  501(C)3 2025 GRANT 20,832

EAST TN HISTORICAL SOCIETY

601 SOUTH GAY ST
KNOXVILLE,TN37902 		  501(C)3 CONTRIBUTION 396

EAST TN COMMUNITY DESIGN CTR

1300 N BROADWAY
KNOXVILLE,TN37917 		  501(C)3 CONTRIBUTION 1,000

GREAT SMOKEY MTN INST AT TREMONT

9275 TREMONT ROAD
TOWNSEND,TN37882 		  501(C)(3) CONTRIBUTION 500

IJAMS NATURE CENTER

2915 ISLAND HOME AVE
KNOXVILLE,TN37920 		  501(C)(3) CONTRIBUTION 1,400

KEEP KNOXVILLE BEAUTIFUL

PO BOX 385
KNOXVILLE,TN37901 		  501(C)(3) CONTRIBUTION 1,000

KNOX HERITAGE

3425 KINGSTON PIKE
KNOXVILLE,TN37919 		  501(C)(3) CONTRIBUTION 2,700

KNOXVILLE BOTANICAL GARDEN & ABORET

2743 WIMPOLE AVE
KNOXVILLE,TN37914 		  501(C)(3) CONTRIBUTION 400

KNOXVILLE HISTORY PROJECT

516 W VINE AVE STE 8
KNOXVILLE,TN37902 		  501(C)(3) CONTRIBUTION 500

KNOXVILLE OPERA

612 E DEPOT AVE
KNOXVILLE,TN37917 		  501(C)3 CONTRIBUTION 765

KNOXVILLE SYMPHONY

PO BOX 360
KNOXVILLE,TN379010360 		  501(C)3 CONTRIBUTION 700

LEADERSHIP KNOXVILLE

17 MARKET SQUARE STE 201
KNOXVILLE,TN37902 		  501(C)(3) CONTRIBUTION 750

UT FOUNDATION

1525 UNIVERSITY AVENUE
KNOXVILLE,TN37921 		  501(C)(3) BAKER SCHOOL CONTRIBUTION 200

YOUNG-WILLIAMS ANIMAL CENTER

3201 DIVISION STREET
KNOXVILLE,TN37919 		  501(C)3 2025 GRANT 25,000
MAYA CIARROCCHI


3850 SEDGWICK AVE 14B
BRONX,NY10463 		N/A INDIVIDUAL ARTIST GRANT - 2024 1,700
Total .................................right arrow 3a 917,911
bApproved for future payment

APPALACHIAN MOUNTAIN BIKE CLUB
PO BOX 883
KNOXVILLE,TN37901 		  501(C)(3) 2025 GRANT 16,000

IJAMS NATURE CENTER
2915 ISLAND HOME AVENUE
KNOXVILLE,TN37920 		  501(C)(3) 2025 GRANT 20,000

KNOXVILLE MUSEUM OF ART
1050 WORLDS FAIR PARK
KNOXVILLE,TN37916 		  501(C)3 2025 GRANT 50,000

KNOXVILLE OPERA COMPANY
612 E DEPOT AVE
KNOXVILLE,TN37917 		  501(C)(3) 2025 GRANT 15,000

YOUNG WILLIAMS ANIMAL CENTER
3201 DIVISION STREET
KNOXVILLE,TN37919 		  501(C)3 2024 GRANT 275,000

BIG EARS FESTIVAL
PO BOX 217
KNOXVILLE,TN379010901 		  501(C)(3) 2025 GRANT 229,167

FREE MEDICAL CLINIC OF AMERICA
6209 CHAPMAN HIGHWAY
KNOXVILLE,TN37920 		  501(C)(3) 2025 GRANT 25,000

INTERFAITH HEALTH CLINIC
315 GILL AVE
KNOXVILLE,TN37917 		  501(C)(3) 2025 GRANT 25,000

KNOX COUNTY COMM GARDENS & GROWERS
1301 HANNAH AVE
KNOXVILLE,TN379216330 		  501(C)(3) 2025 GRANT 25,000

KNOX HERITAGE INC
3425 KINGSTON PIKE
KNOXVILLE,TN37919 		  501(C)(3) 2025 GRANT 25,000

KNOXVILLE BOTANICAL GARDEN & ARB
2743 WIMPOLE AVENUE
KNOXVILLE,TN37914 		  501(C)(3) 2025 GRANT 20,000

SECOND HARVEST FOOD BANK
136 HARVEST LANE
MARYVILLE,TN37801 		  501(C)(3) 2025 GRANT 15,000
AMIRA HANAFI

617 13TH AVE S APT 121
SURFSIDE BEACH,SC29575 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
ANUJ BHUTANI

2111 1/2 PORTLAND STREET
LOS ANGELES,CA90007 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
BECKY FOINCHAS

146 CONSELYEA STREET 3R
BROOKLYN,NY11211 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
ELVIRA CLAYTON

11 WEST 127TH STREET 3
NEW YORK,NY10027 		N/A INDIVIDUAL ARTIST GRANT - 2025 5,100
ESTHER QUANSAH

22 STARR ST APT 4B
BROOKLYN,NY11211 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
HANS TURSACK

33 STATE STREET APT 3
TROY,NY12180 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
JACQ GROVES

59-33 69TH AVENUE
RIDGEWOOD,NY11385 		N/A INDIVIDUAL ARTIST GRANT - 2025 5,100
JAMEL BRINKLEY

403 MAGOWAN AVENUE
IOWA CITY,IA52246 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,279
JANANI BALASUBRAMANIAN

925 ROBLE RIDGE ROAD
PALO ALTO,CA94306 		N/A INDIVIDUAL ARTIST GRANT - 2025 5,100
JOANNA KOTZE

679 PARK PLACE
BROOKLYN,NY11216 		N/A INDIVIDUAL ARTIST GRANT - 2025 4,675
JONATHAN E SANCHEZ NOA

417 GRANT ST APT D1503
NEW YORK,NY10002 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
KATHLEEN STRANIX

1310 ROSE HILL DRIVE
CHARLOTTESVILLE,VA22903 		N/A INDIVIDUAL ARTIST GRANT - 2025 1,700
LAUREN OPERT SANDLER

105 DEVOE STREET
BROOKLYN,NY11211 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
MARIA LUISA OMELAS-JUNE

13102 QUEENSBURY LANE
HOUSTON,TX77079 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
CARRIE HAWKS

800 CORTELYOU RD APT 7M
BROOKLYN,NY11218 		N/A INDIVIDUAL ARTIST GRANT - 2025 1,700
MARY ELLEN CHILDS

2533 FILMORE ST NE
MINNEAPOLIS,MN55418 		N/A INDIVIDUAL ARTIST GRANT - 2025 1,700
MILKA DJORDJEVICH

4080 VIA MARISOL APT 136
LOS ANGELES,CA90042 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
REZA FILSOOFI

816 HILLWOOD BLVD
NASHVILLE,TN37209 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
SANGWOO YOO

1528 W 18TH PLACE APT 2
CHICAGO,IL60608 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
SOO HYUN SHIN

2406 N KIMBALL AVE 2
CHICAGO,IL60647 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
STEPHEN CHANG

10243 RANDWICK DRIVE
TEMPLE CITY,CA91780 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,400
SUSAN NGUYEN

705 W 12 STREET
TEMPE,AZ85281 		N/A INDIVIDUAL ARTIST GRANT - 2025 1,700
TYLER V ESCHENDAL

1732 STATE STREET APT 2
SOUTH PASADENA,CA91030 		N/A INDIVIDUAL ARTIST GRANT - 2025 3,279
VICTORIA CHO

34-11 93RD STREET APT 3D
JACKSON HEIGHTS,NY11372 		N/A INDIVIDUAL ARTIST GRANT - 2025 5,100
Total ................................. right arrow 3b 822,800
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 3,023  
4 Dividends and interest from securities ....     14 1,677,242  
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 1,007,400  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOVATION ALT INC FD ORD INC( 		    14 -1,732  
bUBI OVATION ALT ORD INCOME 525990 653      
cUBI OVATION CAPITAL GAIN 525990 864      
dUBI OVATION SECT 1231 GAIN 525990        
eOVATION ALT INC FD LP OTH I     14 12  
fFAIRWAY R.A.F. I ORD INC(L     14 280  
gUBI FAIRWAY R.A.F ORD INC(L 525990 -583      
hUBI FAIRWAY R.A.F CAP LOSS 525990 -13      
iFAIRWAY R.A.F. I LP OTHER I     14 1  
jFAIRWAY R.A.F. I LP ROYALTI     14 30,236  
kMISC INCOME     1 7,050  
lRCP FUND V LP ORD INC(LOSS)     14    
mUBI RCP FUND V LP ORD INC(L 525990        
nRCP FUND V LP OTHER INCOME     14    
oRCP FUND V LP ROYALTIES     14    
pFAIRWAY R.A.F. I LP RENTAL     14 -275  
qOVATION ALT INC FD LP RENTA     14 -16  
rUBI OVATION ALT INC FD LP R 525990        
sRCP FUND V LP RENTAL     14    
12 Subtotal. Add columns (b), (d), and (e) .. 921 2,723,221  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,724,142
(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
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Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 64,230     74,860

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TY 2024 DepreciationSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LAND   7,539,661              
LAND IMPROVMENTS   3,354,358 1,419,548     167,960      
BUILDINGS   20,095,327 1,973,583     504,325      
EQUIPMENT AND FURNITURE   1,539,719 896,552     192,460      
TECHNOLOGY EQUIP   379,854 250,446     80,247      
CWIP   12,434,910              

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Name of Bond End of Year Book Value End of Year Fair Market Value
SCHWAB 4350 BOND MUTUAL FUNDS 1,503,088 1,503,088

TY 2024 InvestmentsCorpStockSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Name of Stock End of Year Book Value End of Year Fair Market Value
SCHWAB 4350 ETFS 55,965,939 55,965,939
SCHWAB 6712 SECURITIES 12,258,178 12,258,178

TY 2024 InvestmentsOtherSchedule2
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SCHWAB 4350 ALTERNATIVES   280,532 280,532
SCHWAB 6712 REIT'S   200,919 200,919

TY 2024 LandEtcSchedule2
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND IMPROVEMENTS 3,680,886 1,587,507 2,093,379 3,680,886
BUILDINGS 20,340,902 2,477,908 17,862,994 20,340,902
EQUIP AND FURNITURE 1,613,245 1,050,169 563,076 1,613,245
TECHNOLOGY EQUIPMENT 469,357 330,694 138,663 469,357
CWIP 17,563,984   17,563,984 17,563,984
LAND 7,684,154   7,684,154 7,684,154


TY 2024 LegalFeesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT LEGAL FEES 49,115     45,425


TY 2024 OtherExpensesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
COMPUTER, INTERNET, TELEPHONE 94,547     94,329
DUES - PROFESSIONAL 6,925     8,420
CULTURAL PROGRAMMING EVENTS        
INSURANCE 139,213 1,894   137,319
INVESTMENT INTEREST - OVATION 802 802    
OFFICE EXPENSE 79,367     84,647
ORDINARY INCOME DEDUCTION - O 2,152 2,152    
PORTFOLIO EXPENSE - FAIRWAY 9,097 9,096    
PORTFOLIO EXPENSE - OVATION 2,406 2,403    
PROMOTIONS 4,663     4,782
PROPERTY UPKEEP 647,657     698,851
ROYALTIES DEDUCTION - FAIRWAY 7,892 7,892    


TY 2024 OtherIncomeSchedule2
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OVATION ALT INC FD ORD INC(LS -1,732 -1,732  
UBI OVATION ALT ORD INCOME 653    
UBI OVATION CAPITAL GAIN 864    
OVATION ALT INC FD LP OTH INC 12 12  
FAIRWAY R.A.F. I ORD INC(LS) 280 280  
UBI FAIRWAY R.A.F ORD INC(LS) -583    
UBI FAIRWAY R.A.F CAP LOSS -13    
FAIRWAY R.A.F. I LP OTHER INC 1 1  
FAIRWAY R.A.F. I LP ROYALTIES 30,236 30,236  
MISC INCOME 7,050 7,050  
FAIRWAY R.A.F. I LP RENTAL -275 -275  
OVATION ALT INC FD LP RENTAL -16 -16  


TY 2024 OtherIncreasesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description Amount
UNREALIZED GAINS ON INVESTMENTS 8,002,751


TY 2024 OtherLiabilitiesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 4,050 3,600


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 4,170     4,149
CONSULTING 544     644
FOOD SERVICE 44,460     44,460
GRAPHIC DESIGN, WEBSITE 191,646     186,275
INVESTMENT EXPENSE 176,275 176,275    
PAYROLL SERVICES 3,772     4,088
RESEARCH SERVICES 35,920     35,920
PHOTO, VIDEO & SOCIAL MEDIA SERV 16,131     16,131
STAFFING SERVICES 17,870     17,870


TY 2024 TaxesSchedule
Name:
THE ASLAN FOUNDATION
EIN:
62-1520208
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL 34,150      
FOREIGN TAXES 48,176 48,176    
PAYROLL TAXES 80,175 1,093   79,082
STATE 100