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 NORMAN & SADIE LEE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO CLA 925 CENTURY PARK E 16TH F
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90266
A Employer identification number

95-3333368
B Telephone number (see instructions)

(310) 273-2501
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$36,036,727J 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 211,353 211,353  
4 Dividends and interest from securities... 750,136 728,810  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 38,146
b Gross sales price for all assets on line 6a 9,892,580
7 Capital gain net income (from Part IV, line 2)... 100,376
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
-74,313 -57,116  
12 Total. Add lines 1 through 11........ 925,322 983,423  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,000 0   5,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
65,405 29,853   32,702
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
162,932 162,932   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
10,938 10,938   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 30,026 0   30,026
21 Travel, conferences, and meetings....... 1,240 0   1,240
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,510 0   3,510
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 279,051 203,723   72,478
25 Contributions, gifts, grants paid....... 1,684,000 1,684,000
26 Total expenses and disbursements. Add lines 24 and 25 1,963,051 203,723   1,756,478
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,037,729
b Net investment income (if negative, enter -0-) 779,700
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.............      
2 Savings and temporary cash investments......... 1,712,207 825,159 825,159
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,219,293 Click to see attachment
List of Attached Documents:
// Content
1,342,985 		1,294,566
b Investments—corporate stock (attach schedule)....... 9,586,780 Click to see attachment
List of Attached Documents:
// Content
8,532,181 		10,504,752
c Investments—corporate bonds (attach schedule)....... 6,487,878 Click to see attachment
List of Attached Documents:
// Content
8,057,153 		8,478,032
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).......... 13,671,800 Click to see attachment
List of Attached Documents:
// Content
12,891,772 		14,934,218
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
9,021 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,686,979 31,649,250 36,036,727
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 32,686,979 31,649,250
29 Total net assets or fund balances (see instructions)..... 32,686,979 31,649,250
30 Total liabilities and net assets/fund balances (see instructions). 32,686,979 31,649,250
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
32,686,979
2
Enter amount from Part I, line 27a .....................
2
-1,037,729
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
31,649,250
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,649,250
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b OAKTREE RE OPP P   2024-12-31
c BRIDGE MULTIFAMILY IV P   2024-12-31
d ANGEL OAK MULTI STRAT INC I P   2024-12-31
e CAPITAL GAINS DIVIDENDS 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 8,115,736   7,618,938 496,798
b       -3,749
c       23,535
d 1,773,835   2,193,052 -419,217
e 3,009     3,009
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       496,798
b       -3,749
c       23,535
d       -419,217
e       3,009
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 2 100,376
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 10,838
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 10,838
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,838
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 15,980
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,100
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 19,080
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,242
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow8,242 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowCLIFTONLARSONALLEN LLP Telephone no.right arrow (310) 273-2501

Located atright arrow1925 CENTURY PARK EAST 16TH FLLOS ANGELESCA ZIP+4right arrow90067
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
PAUL JAMES DIRECTOR AND PRESIDENT
4.00 		0 0 0
1925 CENTURY PARK EAST 16TH FL
LOS ANGELES,CA90067
BRYAN ISAACS DIRECTOR, SECRETARY AND TREASURER
4.00 		0 0 0
1925 CENTURY PARK EAST 16TH FL
LOS ANGELES,CA90067
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
MORGAN STANLEY INVESTMENT MANAGEMENT 162,932
1 NEW YORK PLAZA 12TH FLOOR
NEW YORK,NY10004
CLIFTONLARSONALLEN LLP BOOKKEEPING AND TAX PREPARATION 65,405
220 SOUTH SIXTH STREET SUITE 300
MINNEAPOLIS,MN55402
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
35,387,379
b
Average of monthly cash balances.......................
1b
1,354,346
c
Fair market value of all other assets (see instructions)................
1c
216,892
d
Total (add lines 1a, b, and c).........................
1d
36,958,617
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
36,958,617
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
554,379
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
36,404,238
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,820,212
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,820,212
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
10,838
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,838
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,809,374
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,809,374
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,809,374
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
1,756,478
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,756,478
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,809,374
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,638,820
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,756,478
a Applied to 2023, but not more than line 2a 1,638,820
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 117,658
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		1,691,716
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ACTIVE SOCIAL COMMUNITIES INC DBA VOLO KIDS FOUNDATION

1215 EAST FORT AVE STE 304
BALTIMORE,MD21230 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 2,500

AKTIV AGAINST CANCER FOUNDATION

300 WEST 246TH STREET
RIVERDALE,NY10471 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 1,750

AMERICAN FRIENDS OF MAGEN DAVID ADOM (AFMDA)

20 W 36TH STREET 1100
NEW YORK,NY10018 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 25,000

AMERICAN RIVER CONSERVANCY

348 CA-49
COLOMA,CA95613 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

BURN INSTITUTE

8825 AERO DR 200
SAN DIEGO,CA92123 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

CENTER THEATRE GROUP

601 W TEMPLE ST
LOS ANGELES,CA90012 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 125,000

CITY OF HOPE

1500 E DUARTE RD
DUARTE,CA91010 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 400,000

DISABLED SPORTS EASTERN SIERRA

1 MINARET RD
MAMMOTH LAKES,CA93546 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 10,000

ENTERPRISE FOR YOUTH

200 PINE STREET NO 600
SAN FRANCISCO,CA94104 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 10,000

EXHALE TO INHALE

1732 1ST AVENUE 21133
NEW YORK,NY10128 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

GOLD TRAIL GRANGE

319 CA-49
COLOMA,CA95613 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 10,000

HOOVER INSTITUTION - STANFORD UNIVERSITY

485 BROADWAY MAIL CODE 8838
REDWOOD CITY,CA94063 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

LAURA'S HOUSE

999 CORPORATE DR 225
LADERA RANCH,CA92694 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

LIFEMOVES

181 CONSTITUTION DRIVE
MENLO PARK,CA94025 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 10,000

LOS ANGELES MUSEUM OF THE HOLOCAUST

100 THE GROVE DR
LOS ANGELES,CA90036 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

LOS ANGELES OPERA

135 N GRAND AVE
LOS ANGELES,CA90012 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 160,000

LOS ANGELES PHILHARMONIC

111 S GRAND AVE
LOS ANGELES,CA90012 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 412,000

LUCKY DOG ANIMAL RESCUE

5159 LANGSTON BLVD
ARLINGTON,VA22207 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 20,000

MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST

1999 AVE OF THE STARS SUITE 2400
LOS ANGELES,CA90067 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 212,750

NATIONAL ALLIANCE ON MENTAL ILLNESS GREATER LA COUNTY (NAMI GLAC)

515 SOUTH FLOWER STREET STE 1963
LOS ANGELES,CA90010 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

PERFORMING ARTS CENTER OF LA COUNTY DBA THE MUSIC CENTER (TMC)

135 NORTH GRAND AVENUE
LOS ANGELES,CA90012 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

PREVENT DROWNING FOUNDATION OF SAN DIEGO

PO BOX 90622
SAN DIEGO,CA92169 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

SKIRBALL CULTURAL CENTER

2701 N SEPULVEDA BLVD
LOS ANGELES,CA90049 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 50,000

SOS OUTREACH

PO BOX 2020
AVON,CO81620 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

THE PHOENIX

2239 CHAMPA STREET
DENVER,CO80205 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

THE UCLA FOUNDATION

10920 WILSHIRE BLVD 900
LOS ANGELES,CA90024 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 5,000

USC ASSOCIATES

1150 S OLIVE ST SUITE 2000
LOS ANGELES,CA90015 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 115,000

VENICE FAMILY CLINIC

604 ROSE AVE
VENICE,CA90291 		  PC PUBLIC SUPPORT OF ORGANIZATION MISSION 60,000
Total .................................right arrow 3a 1,684,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 211,353  
4 Dividends and interest from securities .... 901101 7 14 750,129  
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 .....     01    
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 -2,475 18 40,621  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP ORDINARY LOSS 		901101 -20,764 01 -58,723  
bOTHER INCOME     01 5,174  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -23,232 948,554 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
925,322
(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:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 65,405 29,853   32,702

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Name of Bond End of Year Book Value End of Year Fair Market Value
MOLSON COORS BEVERAGE CO 45,701 42,906
CARLISLE COS INC 10,064 10,750
BLOCK FINANCIAL LLC 48,852 50,774
HCA INC 10,271 9,038
CARLISLE COS INC 48,622 46,718
GLOBAL PAYMENTS INC 10,367 10,687
YUM! BRANDS INC 47,464 46,557
LKQ CORP 42,358 42,359
QUANTA SERVICES INC 44,898 43,072
FLEX LTD 12,141 11,804
ENCOMPASS HEALTH CORP 40,444 43,472
STEEL DYNAMICS INC 12,267 12,846
EXPEDIA INC 41,090 43,472
LOWE'S COS INC 50,068 48,768
ORACLE CORP 41,387 43,479
DICK'S SPORTING GOODS INC 49,453 55,221
BOYD GAMING CORP 54,076 54,140
HCA INC 50,782 47,639
ALTRIA GROUP INC 51,223 49,421
IQVIA INC 51,867 50,663
PHILIP MORRIS INTERNATIONAL INC 9,057 9,020
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP 53,402 51,539
LKQ CORP 8,156 8,131
DISCOVERY COMMUNICATIONS LLC 40,236 41,664
ALTRIA GROUP INC 7,636 7,596
BERRY GLOBAL INC 55,290 59,832
KELLANOVA 55,674 54,096
OLIN CORP 56,140 56,522
VERIZON COMMUNICATIONS INC 56,439 56,892
MICROCHIP TECHNOLOGY INC 57,191 56,763
BATH & BODY WORKS INC 58,280 63,995
SERVICE CORP INTERNATIONAL/US 6,895 6,801
CROWN CASTLE INC 13,146 13,245
WILLIS NORTH AMERICA INC 13,661 13,745
FISERV INC 40,044 39,702
FLEX LTD 20,110 20,401
AT&T INC 30,614 29,017
SBA COMMUNICATIONS CORP 30,336 33,398
DISCOVERY COMMUNICATIONS LLC 17,343 15,901
CA INC 18,977 18,624
HP INC 29,032 29,726
ZIMMER BIOMET HOLDINGS INC 19,075 17,717
DOLLAR TREE INC 28,108 26,900
GLOBAL PAYMENTS INC 39,978 39,929
AMERICAN TOWER CORP 20,701 18,002
ENCOMPASS HEALTH CORP 22,250 23,717
AT&T INC 26,342 26,419
ALLEGION US HOLDING CO INC 22,548 24,110
CONAGRA BRANDS INC 22,819 19,977
CONAGRA BRANDS INC 23,150 21,884
CROWN CASTLE INC 31,237 30,240
HP INC 31,293 27,808
STEEL DYNAMICS INC 31,599 29,926
ZIMMER BIOMET HOLDINGS INC 33,451 33,889
SBA COMMUNICATIONS CORP 34,178 31,636
BROADCOM INC 34,818 34,743
EXPEDIA GROUP INC 14,509 14,936
DOLLAR TREE INC 14,495 14,586
WILLIS NORTH AMERICA INC 34,983 35,912
TENET HEALTHCARE CORP 14,400 14,972
ORACLE CORP 13,969 14,460
MOTOROLA SOLUTIONS INC 13,811 13,871
BAT CAPITAL CORP 58,747 59,213
MOTOROLA SOLUTIONS INC 37,072 38,373
MARRIOTT INTERNATIONAL INC/MD 37,153 37,282
STEEL DYNAMICS INC 13,415 14,720
AMERICAN TOWER CORP 39,071 39,048
TRIMBLE INC 58,348 55,944
GENUINE PARTS CO 24,282 24,147
CLOROX CO/THE 97,563 97,124
TRANSDIGM INC 61,519 65,911
JOHN DEERE CAPITAL CORP 97,649 95,432
PEPSICO INC 108,816 107,788
BROADCOM INC 4,540 3,909
SERVICE CORP INTERNATIONAL/US 5,400 4,879
PNC FINL SVC GRP INC/THE FXD TO 072034 VAR THRAFTR 105,626 104,300
BANK OF NEW YORK MELLON CORP FXD TO 102032 VAR THFTR 103,858 103,578
COMMONWEALTH EDISON CO 95,003 96,445
CISCO SYSTEMS INC 101,349 99,745
METLIFE INC 100,774 101,226
PROCTER & GAMBLE CO/THE 100,351 97,448
WALMART INC 96,851 95,308
FLORIDA POWER & LIGHT CO 99,599 97,436
DUKE ENERGY CAROLINAS LLC 97,976 97,077
HOME DEPOT INC/THE 97,871 96,674
COSTCO WHOLESALE CORP 97,259 98,409
AT&T INC 93,231 92,976
ALABAMA POWER CO 94,857 92,999
QORVO INC 60,182 57,208
GS DUAL DIRECTIONAL BUFFERED PLUS SPX 2,000,000 2,320,200
SSM HEALTH CARE CORP 143,982 147,063
CDW LLC / CDW FINANCE CORP 59,713 58,142
AMAZON.COM INC 171,930 150,794
ASTRAZENECA PLC 88,181 95,409
GS DUAL DIRECTIONAL BUFFERED PLUS SPX 1,500,000 1,627,200
SERVICE CORP INTERNATIONAL/US 59,788 57,345
UNITEDHEALTH GROUP INC 76,429 81,250

TY 2024 InvestmentsCorpStockSchedule
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Name of Stock End of Year Book Value End of Year Fair Market Value
NETFLIX INC (NFLX) 32,419 54,374
CONSTELLATION BRANDS INC CL A (STZ) 33,018 30,719
BLACKSTONE INC (BX) 32,698 47,760
OSHKOSH CORP (OSK) 32,185 27,190
TRAVELERS COMPANIES INC COM (TRV) 32,348 46,492
AMERICAN WATER WORKS CO (AWK) 36,928 33,986
U S BANCORP COM NEW (USB) 32,038 46,156
SONY GROUP CORPORATION ADR (SONY) 88,010 83,794
POTLATCHDELTIC CORP (PCH) 33,276 27,554
NVIDIA CORPORATION (NVDA) 35,347 109,523
CISCO SYS INC (CSCO) 88,351 100,107
BCE INC (BCE) 88,542 43,926
CADENCE BANK (CADE) 33,983 51,262
MERCK & CO INC NEW COM (MRK) 34,344 36,509
LOWES COMPANIES INC (LOW) 34,753 40,475
ATMOS ENERGY CP (ATO) 36,448 46,377
PROGRESSIVE CORP OHIO (PGR) 36,272 57,986
CBRE GROUP INC - A (CBRE) 35,916 35,842
MITSUI & CO LTD ADR (MITSY) 34,977 41,680
HEALTHPEAK PROPERTIES INC (DOC) 92,227 71,330
CONAGRA BRANDS INC (CAG) 90,199 64,630
ROCHE HOLDINGS ADR (RHHBY) 58,636 64,005
COTERRA ENERGY INC (CTRA) 29,455 40,481
PROCTER & GAMBLE (PG) 31,137 40,236
MICHELIN COMPAGNIE GENERALE DE (MGDDY) 27,709 31,117
PARKER HANNIFIN CORP (PH) 24,451 94,768
AVIENT CORPORATION (AVNT) 24,559 24,312
HAEMONETICS CORP (HAE) 24,872 23,190
CENTERSPACE (CSR) 25,288 22,557
ACUITY BRANDS INC (AYI) 25,386 38,561
COCA COLA CO (KO) 25,804 38,477
LINDE PLC (LIN) 25,812 28,503
CORTEVA INC (CTVA) 26,117 57,587
MEDTRONIC PLC SHS (MDT) 110,093 79,161
ALCON INC (ALC) 26,358 39,983
MUENCHENER RUECK-UNSPONS ADR (MURGY) 27,146 59,721
UNITED BANKSHARES INC W VA (UBSI) 27,162 27,036
SONY GROUP CORPORATION ADR (SONY) 27,334 55,545
PNC FINL SVCS GP (PNC) 27,822 46,670
CAPITAL ONE FINANCIAL CORP (COF) 30,830 64,374
CVB FINCL CP (CVBF) 27,833 35,690
XYLEM INC COM (XYL) 28,484 40,027
TYLER TECHNOLOGIES INC (TYL) 28,571 30,944
AMGEN INC (AMGN) 28,865 44,048
CHEVRON CORP (CVX) 28,971 25,347
GENL DYNAMICS CORP (GD) 29,279 36,362
OLD NATL BANCORP IND (ONB) 29,297 37,246
CAMECO CORP (CCJ) 29,327 82,430
DUKE ENERGY CORPORATION (DUK) 82,056 76,926
MEDTRONIC PLC SHS (MDT) 30,004 27,638
GLACIER BANCORP INC NEW (GBCI) 30,099 40,477
WASTE MGMT INC (DELA) (WM) 30,212 30,067
BROWN & BROWN INC (BRO) 30,804 43,971
EOG RESOURCES INC (EOG) 85,818 90,096
TOTALENERGIES SE SPONSORED ADS (TTE) 38,701 33,245
TELEDYNE TECH INC (TDY) 37,342 42,795
BANK OF AMERICA CORP (BAC) 63,834 63,112
GSK PLC ADR (GSK) 52,288 45,691
CRH PLC (CRH) 51,976 119,721
LVMH MOET HENNESSY LOUIS VUITT (LVMUY) 51,881 49,355
BROOKFIELD CORP CL A (BN) 62,635 98,584
RIO TINTO PLC SPON ADR (RIO) 51,365 39,462
RENTOKIL INITIAL PLC ADR (RTO) 51,328 36,435
AKZO NOBEL NV ADR (AKZOY) 62,695 38,191
DAIKIN INDS LTD UNSPON ADR (DKILY) 50,564 39,763
XCEL ENERGY INC (XEL) 37,625 38,419
ALCON INC (ALC) 50,505 58,404
EXXON MOBIL CORP (XOM) 64,060 62,391
UNITED PARCEL SER INC CL-B (UPS) 50,045 42,244
PLYMOUTH INDL REIT INC (PLYM) 24,324 18,120
TENCENT HLDGS LTD UNSPON ADR (TCEHY) 49,772 53,499
TRUIST FINL CORP (TFC) 64,278 67,022
OTSUKA HOLDINGS CO LTD UNS ADR (OTSKY) 49,319 71,658
PAN PAC INTL HLDGS CORP ADR (DQJCY) 52,447 79,615
MONOTARO CO LTD ADR (MONOY) 52,559 60,612
AIA GROUP LTD SPON ADR (AAGIY) 52,644 30,672
AMAZON COM INC (AMZN) 53,290 81,174
JPMORGAN CHASE & CO (JPM) 59,443 103,794
MAGNA INTERNATIONAL INC (MGA) 59,736 32,387
SUMITOMO MITSUI FINL GROUP INC (SMFG) 57,044 59,960
ALTRIA GROUP INC (MO) 56,212 54,486
MICROSOFT CORP (MSFT) 60,028 95,681
ACCENTURE PLC IRELAND CL A (ACN) 55,552 73,876
CREDICORP LTD (BAP) 55,400 63,062
DSM FIRMENICH AG ADR (DSFIY) 61,171 54,850
DIAGEO PLC SPON ADR NEW (DEO) 61,463 58,480
SYMRISE AG UNSPONS ADR (SYIEY) 54,860 50,515
AMERIPRISE FINCL INC (AMP) 54,810 99,032
ERSTE GROUP BANK AG SPONS ADR (EBKDY) 54,377 86,705
TJX COS INC NEW (TJX) 54,129 71,640
KUBOTA CP ADR (KUBTY) 61,677 34,285
ASHTEAD GROUP PLC ADR (ASHTY) 62,507 64,548
ASSA ABLOY AB UNSP ADR (ASAZY) 49,060 54,494
HALEON PLC ADR (HLN) 48,953 63,355
KENVUE INC (KVUE) 65,222 61,936
JPMORGAN CHASE & CO (JPM) 43,144 43,627
AMER INTL GP INC NEW (AIG) 42,408 41,642
PHILIP MORRIS INTL INC (PM) 69,912 66,674
VERIZON COMMUNICATIONS (VZ) 71,334 69,783
UNILEVER PLC (NEW) ADS (UL) 42,222 44,226
MICHELIN COMPAGNIE GENERALE DE (MGDDY) 72,110 60,703
BRISTOL MYERS SQUIBB CO (BMY) 72,875 76,017
COMCAST CORP (NEW) CLASS A (CMCSA) 73,484 60,086
VICI PROPERTIES INC (VICI) 74,437 70,104
MERCK & CO INC NEW COM (MRK) 75,476 65,358
TOTALENERGIES SE SPONSORED ADS (TTE) 40,162 44,145
NIDEC CORP (NJDCY) 75,671 23,146
PPL CORPORATION (PPL) 79,352 77,060
BAXTER INTL INC (BAX) 79,757 53,217
APPLE INC (AAPL) 59,426 100,168
TAIWAN SMCNDCTR MFG CO LTD ADR (TSM) 38,457 81,563
VERIZON COMMUNICATIONS (VZ) 42,840 40,790
GENUINE PARTS CO (GPC) 43,222 37,363
CITIGROUP INC NEW (C) 65,995 68,293
INTL BUSINESS MACHINES CORP (IBM) 43,898 54,738
SAFRAN SA (SAFRY) 48,658 79,945
RTX CORPORATION (RTX) 66,367 61,447
ING GROEP NV ADR (ING) 66,649 84,540
SYSCO CORP (SYY) 66,684 65,603
JOHNSON CTLS INTL PLC (JCI) 48,335 47,753
CHEVRON CORP (CVX) 68,962 78,793
COCA-COLA EUROPACIFIC PARTNERS (CCEP) 47,277 65,749
DOW INC (DOW) 69,725 44,504
DBS GROUP HOLDINGS LTD SP (DBSDY) 45,170 72,557
EXPERIAN GP LTD ADR (EXPGY) 44,985 51,990
FANUC CORPORATION UNSP ADR (FANUY) 69,805 41,310
ALPHABET INC CL A (GOOGL) 44,444 62,090
HONEYWELL INTL INC (HON) 44,347 43,597
FERRARI N V (RACE) 44,098 97,288
ECOLAB INC (ECL) 43,975 46,161
HEINEKEN NV SPN ADR (HEINY) 49,879 34,040
ADVANCED ENERGY IND INC (AEIS) 22,329 23,242
EQUITY LIFESTYLE PROPERTIES (ELS) 24,290 29,704
FORTUNE BRANDS INNOVATIONS INC (FBIN) 6,534 8,063
RYANAIR HLDGS PLC ADR (RYAAY) 6,427 8,303
UNIFIRST CP (UNF) 6,154 5,507
COLLEGIUM PHARMACEUTICAL INC (COLL) 6,105 4,555
MUELLER INDUS INC (MLI) 6,074 16,824
LENNAR CORPORATION (LEN) 6,040 9,410
SELECTIVE INSURANCE GROUP (SIGI) 5,945 12,064
MGE ENERGY INC (MGEE) 5,878 14,376
PRIMERICA INC (PRI) 5,819 7,847
EVERTEC INC (EVTC) 5,733 4,938
CARTER'S (CRI) 5,544 4,027
EXPERIAN GP LTD ADR (EXPGY) 5,500 7,119
MASTERBRAND INC (MBC) 5,155 6,092
LULULEMON ATHLETICA INC (LULU) 5,011 6,270
BORG WARNER INC (BWA) 5,008 4,737
APPLIED MATERIALS INC (AMAT) 4,959 6,998
TARGET CORPORATION (TGT) 4,900 3,100
FLOWERS FOODS INC (FLO) 4,894 4,442
FIRST FINCL BNCP (FFBC) 4,848 5,860
LA Z BOY INCORPORATED (LZB) 4,835 4,923
KONTOOR BRANDS INC (KTB) 4,791 9,908
INTERNATIONAL SEAWAYS INC (INSW) 4,666 2,925
MATTEL INC (MAT) 4,630 4,096
ZIONS BANCORPORATION N A (ZION) 4,612 8,626
VALERO ENERGY CP DELA NEW (VLO) 6,454 6,159
FNB CORPORATION (FNB) 6,629 7,730
RYDER SYSTEMS INC (R) 9,225 13,919
TENNANT CO (TNC) 6,874 4,943
CACI INTERNATIONAL INC CL A (CACI) 8,880 8,261
GRAPHIC PACKAGING HOLDING CO (GPK) 8,609 10,592
LEONARDO DRS INC (DRS) 8,556 16,349
PROGRESS SOFTWARE (PRGS) 8,282 10,229
CASELLA WASTE SYS INC CL A (CWST) 8,267 25,077
CHORD ENERGY CORPORATION NEW (CHRD) 8,233 7,813
STIFEL FINANCIAL CORPORATION (SF) 8,188 17,397
HERMES INTL SCA UNSPON ADR (HESAY) 8,179 8,159
FEDERATED HERMES INC CL B (FHI) 7,985 9,496
NETEASE.COM INC ADS (NTES) 7,945 9,724
EXLSERVICE HLDGS INC (EXLS) 7,829 12,781
CHAMPION HOMES INC (SKY) 7,791 15,946
FULTON FINL CORP PA (FULT) 7,752 9,968
BATH & BODY WORKS INC (BBWI) 7,620 7,870
MERCADOLIBRE INC (MELI) 7,611 6,766
TEEKAY TANKERS LTD CL A (TNK) 7,555 5,770
VICTORY CAP HLDGS, INC CL-A (VCTR) 7,458 10,015
MUELLER WATER PROD INC SER A (MWA) 7,421 8,235
BLACKBAUD INC (BLKB) 7,362 6,975
INTERDIGITAL INC (IDCC) 7,320 14,158
ELI LILLY & CO (LLY) 7,284 7,102
CSG SYSTEMS INTL INC (CSGS) 7,033 6,951
FRONTDOOR INC (FTDR) 6,912 7,818
JD COM INC SPON ADR CL A (JD) 4,588 4,403
DORMAN PRODUCTS, INC (DORM) 4,277 4,642
TRINET GROUP INC (TNET) 4,016 4,739
ASSURANT INC (AIZ) 3,949 3,850
JABIL CIRCUIT INC (JBL) 2,336 4,582
BOYD GAMING CORP (BYD) 2,317 2,676
MONARCH CASINO & RESORTS INC (MCRI) 2,314 2,109
ACADEMY SPORTS & OUTDOORS INC (ASO) 2,308 3,973
SIGNET JEWELERS LIMITED (SIG) 2,164 2,973
BERKSHIRE HILLS BANCORP INC (BHLB) 2,153 2,448
BANK OZK (OZK) 2,147 2,812
AVNET INC (AVT) 2,110 2,762
ALPHA METALLURGICAL RESO INC (AMR) 2,066 2,208
AUTONATION INC (AN) 1,996 3,071
SKECHERS U S A INC CL A (SKX) 1,977 2,163
KFORCE INC (KFRC) 1,865 1,854
NBT BANCORP (NBTB) 1,861 2,653
MASTERBRAND INC (MBC) 1,760 3,156
TOPBUILD CORP COM (BLD) 1,682 3,412
BUILDERS FIRSTSOURCE INC (BLDR) 1,566 3,236
DONNELLEY FINL SOLUTIONS INC (DFIN) 1,363 2,737
OTTER TAIL CORP (OTTR) 1,361 1,604
CONCENTRIX CORP (CNXC) 1,210 718
DECKERS OUTDOOR CORP (DECK) 1,109 5,625
DIODES INC (DIOD) 852 773
PERDOCEO ED CORP (PRDO) 377 935
CRANE NXT CO (CXT) 2,359 3,789
MEDPACE HOLDINGS, INC. (MEDP) 2,401 5,618
BANCFIRST CORP (BANF) 2,481 3,515
RALPH LAUREN CORP CL A (RL) 3,419 6,635
HELEN OF TROY (HELE) 3,938 1,629
RAMBUS INC (DEL) (RMBS) 3,909 12,528
STANDEX INTERNATIONAL CORP (SXI) 3,890 4,390
FTI CONSULTING INC (FCN) 3,825 4,976
AMPHASTAR PHARMACEUTICALS INC (AMPH) 3,810 4,938
PRIMORIS SVCS CORP (PRIM) 3,743 8,251
HAWKINS INC (HWKN) 3,629 4,628
FIRST COMMONWEALTH FINANCIAL (FCF) 3,627 4,281
UPBOUND GROUP INC (UPBD) 3,599 2,246
STRIDE INC (LRN) 3,538 9,980
COHERENT CORP (COHR) 3,340 7,652
STEWART INFORMATION SERVICES (STC) 2,496 3,578
BRUKER CORPORATION (BRKR) 3,198 2,694
CHEMED CORPORATION (CHE) 3,143 3,338
HUB GROUP INC CL A (HUBG) 3,061 3,770
AVIENT CORPORATION (AVNT) 3,033 2,533
CLEAN HARBORS (CLH) 2,989 5,352
FIRST FINANCIAL BANKSHARES INC (FFIN) 2,915 3,598
PLEXUS CORP (PLXS) 2,895 2,944
LAKELAND FINCL (LKFN) 2,861 2,863
SANMINA CORP (SANM) 2,653 5,074
CRANE COMPANY (CR) 2,609 5,717
H & R BLOCK INC (HRB) 23,662 29,960
COMMVAULT SYSTEMS, INC. (CVLT) 9,113 9,363
CBIZ INC (CBZ) 9,245 31,750
STIFEL FINANCIAL CORPORATION (SF) 9,267 16,867
FULLER H B & COMPANY (FUL) 17,591 22,876
LPL FINL HLDGS INC COM (LPLA) 17,292 23,625
KNIFE RIV HLDG CO (KNF) 17,103 36,794
ICU MEDICAL INC (ICUI) 17,080 25,293
MITSUBISHI UFJ FINCL GRP ADS (MUFG) 16,981 40,036
ANSYS INC (ANSS) 16,856 53,635
FORMFACTOR INC (FORM) 16,820 19,668
AXALTA COATING SYSTEMS LTD. (AXTA) 16,776 16,323
CROCS INC (CROX) 16,648 16,977
THE SIMPLY GOOD FOODS COMPANY (SMPL) 16,510 17,775
ARCOSA INC (ACA) 16,186 31,924
JANUS INTERNATIONAL GROUP INC (JBI) 16,135 8,622
BELDEN INC (BDC) 15,882 29,842
MATADOR RES CO (MTDR) 15,805 39,663
ENCOMPASS HEALTH CORP (EHC) 15,353 15,145
MICROCHIP TECHNOLOGY INC (MCHP) 15,221 32,345
HF SINCLAIR CORPORATION (DINO) 15,044 10,760
MATERION CORP COM (MTRN) 14,925 15,821
STERLING INFRASTRUCTURE INC (STRL) 14,891 28,300
TAYLOR MORRISON HOME CORP CL A (TMHC) 14,873 20,077
LA Z BOY INCORPORATED (LZB) 14,774 24,181
ABM INDUSTRIES INCORPORATED (ABM) 14,732 21,803
STANDEX INTERNATIONAL CORP (SXI) 14,650 36,089
BRINK'S COMPANY COM (BCO) 17,950 33,119
CIRRUS LOGIC INC (CRUS) 18,091 18,721
COMMERCE BANCSHARES (CBSH) 18,180 26,170
ALLISON TRANSMN HLDGS INC (ALSN) 21,248 30,797
QUALCOMM INC (QCOM) 23,410 49,312
ELEMENT SOLUTIONS INC (ESI) 23,384 26,091
ADDUS HOMECARE CORP COM (ADUS) 23,320 29,332
INTEGER HOLDINGS CORP (ITGR) 23,003 40,021
EAGLE MATLS INC (EXP) 22,811 23,093
MASTERCARD INC CL A (MA) 22,750 35,452
LAKELAND FINCL (LKFN) 22,514 30,804
CONMED CORP (CNMD) 22,358 20,258
R P M INC (RPM) 22,040 45,040
CULLEN FROST BANKERS INC (CFR) 21,662 39,201
TIDEWATER INC NEW (TDW) 20,949 11,544
UNITED RENTALS INC (URI) 18,376 44,544
OXFORD INDUSTRIES INC (OXM) 20,790 22,925
GENL DYNAMICS CORP (GD) 20,767 37,152
EXELIXIS INC (EXEL) 20,319 28,638
MATCH GROUP INC (MTCH) 20,259 20,313
MARTIN MARIETTA MATERIALS (MLM) 20,155 52,167
SOUTHSTATE CORPORATION (SSB) 20,105 30,739
COMMERCIAL METALS CO (CMC) 19,091 22,022
NBT BANCORP (NBTB) 19,078 18,674
NEXTERA ENERGY INC (NEE) 19,070 19,141
LENNAR CORPORATION (LEN) 18,865 57,003
ZIFF DAVIS INC (ZD) 14,516 6,249
PLEXUS CORP (PLXS) 14,461 33,330
ASBURY AUTOMOTIVE GROUP INC (ABG) 14,396 19,585
COMFORT SYSTEMS USA INC (FIX) 11,321 33,910
EVERCORE INC CLASS A (EVR) 11,112 24,791
AFFILIATED MGRS GROUP INC (AMG) 10,832 12,155
ONE GAS INC (OGS) 10,795 16,482
EMCOR GROUP INC (EME) 10,787 37,478
MURPHY USA INC COM (MUSA) 10,694 26,816
OPTION CARE HEALTH INC (OPCH) 10,656 8,468
WINTRUST FIN CORP (WTFC) 10,628 17,709
HANCOCK WHITNEY CORPORATION (HWC) 10,623 12,640
INTEGER HOLDINGS CORP (ITGR) 10,451 15,902
LANCASTER COLONY CRP (LANC) 10,291 15,453
DONALDSON CO INC (DCI) 10,244 11,382
INSTALLED BLDG PRODS INC (IBP) 10,213 15,248
CADENCE BANK (CADE) 10,037 14,400
APPLIED IND TECH INC (AIT) 9,963 19,525
BELDEN INC (BDC) 9,917 13,288
PARSONS CORP (PSN) 9,878 11,070
MICROSOFT CORP (MSFT) 9,714 72,077
MC DONALDS CORP (MCD) 9,688 10,903
HANOVER INSURANCE GROUP INC (THG) 9,621 11,557
NIPPON TELEGRAPH&TELEPHONE ADS (NTTYY) 9,588 8,139
EDGEWELL PERS CARE CO (EPC) 9,515 8,534
MERIT MED SYST (MMSI) 9,499 13,444
LANDSTAR SYSTEM INC (LSTR) 9,343 9,738
UNITED THERAPEUTICS CORP (UTHR) 14,307 24,129
ADOBE INC (ADBE) 11,179 51,583
VONTIER CORPORATION (VNT) 11,348 13,457
MAGNOLIA OIL & GAS CORP CL A (MGY) 11,390 26,536
LVMH MOET HENNESSY LOUIS VUITT (LVMUY) 14,307 14,872
APPLE HOSPITALITY REIT INC (APLE) 13,995 13,784
JAZZ PHARMACEUTICALS PLC (JAZZ) 13,872 13,916
THE SIMPLY GOOD FOODS COMPANY (SMPL) 13,660 22,920
SONOCO PRODUCTS CO (SON) 13,646 11,871
JACK HENRY & ASSOC INC (JKHY) 13,628 13,720
CENTRAL GARDEN & PET CO CL A (CENTA) 13,565 17,715
AMERIPRISE FINCL INC (AMP) 13,444 75,605
INDEPENDENT BK MASS (INDB) 13,425 19,129
WEATHERFORD INTL INC (WFRD) 13,336 11,246
GIBRALTAR INDUSTRIES INC (ROCK) 13,276 20,556
SCIENCE APPLICATIONS INTL CORP (SAIC) 13,233 14,643
DANAHER CORPORATION (DHR) 13,192 40,401
JEFFERIES FINL GROUP INC (JEF) 13,161 13,250
INSTALLED BLDG PRODS INC (IBP) 13,136 18,577
NEXSTAR MEDIA GROUP INC (NXST) 12,915 12,185
ARMSTRONG WORLD INDS INC NEW (AWI) 12,885 19,504
COSTCO WHOLESALE CORP NEW (COST) 12,316 13,209
ICF INTL INC (ICFI) 11,989 17,166
ESCO TECHNOLOGIES (ESE) 11,732 33,303
LANTHEUS HLDGS INC COM (LNTH) 11,546 26,033
FEDERAL SIGNAL CORP (FSS) 11,402 30,027

TY 2024 InvestmentsGovtObligationsSch
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
US Government Securities - End of Year Book Value:

192,289
US Government Securities - End of Year Fair Market Value:

182,996
State & Local Government Securities - End of Year Book Value:


1,150,696
State & Local Government Securities - End of Year Fair Market Value:


1,111,570


TY 2024 InvestmentsOtherSchedule2
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PIMCO INCOME I2 (PONPX) AT COST 2,056,912 1,840,768
BLUE OWL REAL ESTATE AT COST 1,007,540 1,071,073
OAKTREE REAL ESTATE OPP VI AT COST 216,892 216,892
PECO II (CAYMAN) AT COST 657,673 1,078,436
MARATHON SPS III OFF AT COST 1,005,385 989,515
CK OPP. OFFSHORE FUND AT COST 996,171 1,327,878
HUDSON BAY LTD AT COST 998,020 1,158,386
NH EXPANSION CREDIT II OFF AT COST 642,568 856,845
BOYD WATTERSON AT COST 1,066,806 949,806
ICAP MILLENNIUM LTD. AT COST 1,510,000 1,761,492
BRIDGE MULTIFAMILY IV AT COST 1,573,265 2,585,699
VOYA STRAT INC OPPPORT I (IISIX) AT COST 1,160,540 1,097,428

TY 2024 LegalFeesSchedule
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 5,000 0   5,000


TY 2024 OtherAssetsSchedule
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SUB-CLOSE INTEREST PAID 9,021    


TY 2024 OtherExpensesSchedule
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSE 566 0   566
BANK FEES 28 0   28
VENDOR GIFTS 2,916 0   2,916


TY 2024 OtherIncomeSchedule2
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP ORDINARY LOSS -79,487 -58,597 -79,487
OTHER INCOME 5,174 1,481 5,174


TY 2024 OtherProfessionalFeesSchedule
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 162,932 162,932   0


TY 2024 TaxesSchedule
Name:
THE NORMAN & SADIE LEE FOUNDATION
EIN:
95-3333368
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 10,938 10,938   0