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 07-01-2024 , and ending 06-30-2025
Name of foundation
Musgrave Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1615 S Glenstone
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Springfield, MO65804
A Employer identification number

43-1304514
B Telephone number (see instructions)

(417) 841-4600
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$41,150,304J 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 23,316 23,316 23,316
4 Dividends and interest from securities... 816,163 816,163 816,163
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -102,144
b Gross sales price for all assets on line 6a 6,392,348
7 Capital gain net income (from Part IV, line 2)...  
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
2,044,701 2,042,478  
12 Total. Add lines 1 through 11........ 2,782,036 2,881,957 839,479
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 377,386 283,039   94,347
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,750     5,750
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
35,985 25,115    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
475,173 473,356   1,817
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 894,294 781,510   101,914
25 Contributions, gifts, grants paid....... 1,575,000 1,575,000
26 Total expenses and disbursements. Add lines 24 and 25 2,469,294 781,510   1,676,914
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 312,742
b Net investment income (if negative, enter -0-) 2,100,447
c Adjusted net income (if negative, enter -0-)... 839,479
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......... 496,849 588,309 588,309
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 10,771,892 Click to see attachment
List of Attached Documents:
// Content
10,930,911 		17,591,423
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,776,003 Click to see attachment
List of Attached Documents:
// Content
17,139,905 		22,970,572
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,044,744 28,659,125 41,150,304
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 28,044,744 28,659,125
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)..... 28,044,744 28,659,125
30 Total liabilities and net assets/fund balances (see instructions). 28,044,744 28,659,125
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
28,044,744
2
Enter amount from Part I, line 27a .....................
2
312,742
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
364,295
4
Add lines 1, 2, and 3 ..........................
4
28,721,781
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
62,656
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,659,125
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 50000 ORACLE CORP 3.400% 7/08/24 P 2016-12-20 2024-07-08
b 279 BILL HOLDINGS INC P 2020-06-16 2024-07-25
c 317 BILL HOLDINGS INC P 2022-01-21 2024-07-25
d 268 NETEASE INC A D R P 2024-01-12 2024-07-25
e 969 WILLSCOT HLDGS CORP COM CL A P 2023-07-28 2024-07-25
1797 CHAMPIONX CORPORATION COM P 2023-07-28 2024-07-25
1861 DOUBLEVERIFY HLDGS INC COM P 2024-06-17 2024-07-25
27948.207 CREDIT SUISSE COMMODITY RETURN P 2024-05-14 2024-07-25
18 SERVICENOW INC COM P 2021-02-18 2024-08-22
58 SERVICENOW INC COM P 2021-08-13 2024-08-22
137 HERMES INTL A D R P 2023-05-26 2024-08-22
264 KEYSIGHT TECHNOLOGIES INC P 2019-03-11 2024-08-22
449 SALESFORCE INC P 2022-01-21 2024-08-22
3620 OLO INC CL A P 2023-03-13 2024-08-22
948 NIKE INC P 2024-03-22 2024-08-22
1992 MOBILEYE GLOBAL INC COMMON CLASS A P 2024-07-25 2024-08-22
2862 MOBILEYE GLOBAL INC COMMON CLASS A P 2024-01-12 2024-08-22
677 PERFICIENT INC P 2023-07-28 2024-10-02
54 AMERICAN TOWER CORP P 2020-06-16 2024-10-15
80 AMERICAN TOWER CORP P 2023-08-23 2024-10-15
83 NETFLIX COM INC P 2023-01-12 2024-10-15
185 AMERICAN TOWER CORP P 2023-01-12 2024-10-15
512 AMERICAN TOWER CORP P 2022-01-21 2024-10-15
13 ACCENTURE PLC IRELAND SHS CLASS A P 2015-06-09 2024-12-03
21 S P GLOBAL INC COM P 2022-03-21 2024-12-03
24 ACCENTURE PLC IRELAND SHS CLASS A P 2022-09-28 2024-12-03
35 ACCENTURE PLC IRELAND SHS CLASS A P 2014-06-18 2024-12-03
68 BLACKROCK INC COM P 2022-08-17 2024-12-03
129 ULTA BEAUTY INC COM P 2022-08-18 2024-12-03
168 S P GLOBAL INC COM P 2022-01-21 2024-12-03
268 AVERY DENNISON CORP P 2023-01-12 2024-12-03
355 DARDEN RESTAURANTS INC P 2023-07-28 2024-12-03
611 LKQ CORPORATION P 2022-08-17 2024-12-03
624 LKQ CORPORATION P 2021-03-16 2024-12-03
1383 ISHARES CORE U.S. AGGREGATE BOND ETF P 2022-01-21 2024-12-03
1526 ISHARES CORE U.S. AGGREGATE BOND ETF P 2022-02-03 2024-12-03
4540 ISHARES CORE U.S. AGGREGATE BOND ETF P 2022-01-14 2024-12-03
1309 SHELL PLC SPON A D R P 2024-06-17 2024-12-04
58 APTIV PLC SHS P 2018-04-20 2024-12-09
59 APTIV PLC SHS P 2018-09-06 2024-12-09
219 APTIV PLC SHS P 2020-06-16 2024-12-09
517 APTIV PLC SHS P 2022-01-21 2024-12-09
868 APTIV PLC SHS P 2024-01-12 2024-12-09
73 COCA COLA EUROPACIFIC PARTNERS SHS P 2023-05-26 2025-01-08
91 B H P BILLITON LIMITED A D R P 2022-08-17 2025-01-08
440 TOTALENERGIES SE A D R P 2023-11-14 2025-01-08
507 SHISEIDO COMPANY LIMITED A D R P 2020-06-16 2025-01-08
1121 EQUINOR ASA SPON A D R P 2024-05-14 2025-01-08
11 ALBEMARLE CORP P 2020-06-16 2025-01-24
70 AMENTUM HOLDINGS INC COM P 2019-03-11 2025-01-24
115 SALESFORCE INC P 2020-06-16 2025-01-24
174 DEVON ENERGY CORP P 2022-09-28 2025-01-24
187 DEVON ENERGY CORP P 2019-07-17 2025-01-24
204 AMENTUM HOLDINGS INC COM P 2017-11-02 2025-01-24
242 ALBEMARLE CORP P 2023-08-23 2025-01-24
275 AMENTUM HOLDINGS INC COM P 2023-05-26 2025-01-24
343 SALESFORCE INC P 2022-01-21 2025-01-24
457 EDWARDS LIFESCIENCES CORP P 2017-11-02 2025-01-24
564 HOLOGIC INC P 2023-07-28 2025-01-24
746 EDWARDS LIFESCIENCES CORP P 2023-03-13 2025-01-24
914 ALBEMARLE CORP P 2022-01-21 2025-01-24
964 SUNCOR ENERGY INC P 2022-08-17 2025-01-24
1028 CENTENE CORP P 2022-01-21 2025-01-24
1153 CENTENE CORP P 2024-01-12 2025-01-24
1419 HONDA MOTOR CO LTD A D R P 2023-07-28 2025-01-24
1533 LEGRAND SA UNSP A D R P 2020-06-16 2025-01-24
50000 MERCK CO INC 2.750% 2/10/25 P 2017-11-09 2025-02-10
86 MONDAY COM LTD P 2023-07-28 2025-03-06
126 NOV INC COM P 2015-06-09 2025-03-06
142 NOV INC COM P 2016-11-18 2025-03-06
146 TARGET CORP COM P 2022-09-28 2025-03-06
146 LULULEMON ATHLETICA INC COM P 2022-08-17 2025-03-06
243 TARGET CORP COM P 2024-01-12 2025-03-06
367 ISHARES CORE U.S. AGGREGATE BOND ETF P 2022-06-01 2025-03-06
402 NOV INC COM P 2020-06-16 2025-03-06
693 TARGET CORP COM P 2023-08-23 2025-03-06
792 WENDYS CO THE P 2023-11-14 2025-03-06
801 ISHARES CORE U.S. AGGREGATE BOND ETF P 2022-03-21 2025-03-06
871 TARGET CORP COM P 2019-07-17 2025-03-06
894 HUNTSMAN CORP P 2023-05-26 2025-03-06
1166 SMC CORP SPON A D R P 2023-11-14 2025-03-06
1667 ZILLOW GROUP INC P 2022-01-21 2025-03-06
1909 MEDIAALPHA INC CL A P 2023-03-13 2025-03-06
3234 ISHARES CORE U.S. AGGREGATE BOND ETF P 2022-02-03 2025-03-06
890 ZILLOW GROUP INC P 2024-07-25 2025-03-06
1026 GSK PLC SPONSORED A D R P 2024-05-14 2025-03-06
2612 VODAFONE GROUP PLC A D R P 2024-07-25 2025-03-06
2756 TENCENT MUSIC ENTERTAINM A D R P 2024-07-25 2025-03-06
88.6 ASPEN TECHNOLOGY INC COM P 2016-05-06 2025-03-12
92.4 ASPEN TECHNOLOGY INC COM P 2022-05-10 2025-03-12
80 RESMED INC P 2016-05-06 2025-04-10
86 RESMED INC P 2016-11-18 2025-04-10
87 NESTLE SA SPONSORED A D R P 2016-11-18 2025-04-10
124 WEST PHARMACEUTICAL SVCS INC COM P 2021-02-18 2025-04-10
129 NESTLE SA SPONSORED A D R P 2022-01-21 2025-04-10
223 NESTLE SA SPONSORED A D R P 2021-03-31 2025-04-10
239 AMADEUS IT GROUP, S.A. A D R P 2023-07-28 2025-04-10
317 NESTLE SA SPONSORED A D R P 2020-06-16 2025-04-10
367 AMADEUS IT GROUP, S.A. A D R P 2020-06-16 2025-04-10
476 AIA GROUP LTD A D R P 2017-11-02 2025-04-10
840 B A E SYSTEMS P L C A D R P 2022-08-17 2025-04-10
5602 ASE TECHNOLOGY HOLDING CO LTD A D R P 2023-07-28 2025-04-10
74 TARGA RESOURCES CORP P 2025-03-06 2025-04-10
87 TAKE TWO INTERACTIVE SOFTWARE COM P 2019-03-11 2025-04-21
123 TAKE TWO INTERACTIVE SOFTWARE COM P 2018-09-06 2025-04-21
234 TAKE TWO INTERACTIVE SOFTWARE COM P 2022-08-18 2025-04-21
2612 DUN BRADSTREET HLDGS INC COM P 2023-07-28 2025-04-21
2082 EXACT SCIENCES CORP P 2025-01-24 2025-04-21
41 ZIMMER BIOMET HOLDINGS INC COM P 2019-07-17 2025-05-14
44 POOL CORPORATION P 2022-09-28 2025-05-14
46 ZIMMER BIOMET HOLDINGS INC COM P 2018-04-20 2025-05-14
51 ZIMMER BIOMET HOLDINGS INC COM P 2017-11-02 2025-05-14
109 POOL CORPORATION P 2017-11-02 2025-05-14
114 ZIMMER BIOMET HOLDINGS INC COM P 2020-06-16 2025-05-14
220 EDP SA SPONSORED A D R P 2020-06-16 2025-05-14
354 ENTEGRIS INC P 2021-02-18 2025-05-14
444 EDP SA SPONSORED A D R P 2021-02-18 2025-05-14
452 RENTOKIL INITIAL PLC SP A D R P 2023-07-28 2025-05-14
591 EDP SA SPONSORED A D R P 2023-07-28 2025-05-14
649 NVIDIA CORP P 2022-01-21 2025-05-14
664 GENMAB A S SP A D R P 2021-08-13 2025-05-14
665 RENTOKIL INITIAL PLC SP A D R P 2020-06-16 2025-05-14
734 WALMART INC COM P 2022-01-21 2025-05-14
884 SCHLUMBERGER LTD P 2023-11-14 2025-05-14
1143 OLYMPUS CORP ADR P 2023-07-28 2025-05-14
1210 HITACHI LTD A D R P 2023-05-26 2025-05-14
1258 VALVOLINE INC P 2024-01-12 2025-05-14
2587 OLYMPUS CORP ADR P 2023-03-13 2025-05-14
330 ALIBABA GROUP HLDG LTD A D R P 2025-01-08 2025-05-14
891 ASICS CORP UNSP A D R P 2025-01-08 2025-05-14
1016 HSBC HOLDINGS PLC SPONS A D R P 2024-06-17 2025-05-14
2124 SCHLUMBERGER LTD P 2024-05-14 2025-05-14
7435 GRAB HOLDINGS LIMITED CLASS A P 2025-01-08 2025-05-14
68 TELEDYNE TECHNOLOGIES INC COM P 2020-06-16 2025-06-09
78 TELEDYNE TECHNOLOGIES INC COM P 2022-08-18 2025-06-09
393 ESSILORLUXOTTICA A D R P 2022-08-17 2025-06-09
614 MONOTARO CO LTD UNSP A D R P 2020-06-16 2025-06-09
901 CRH PLC P 2023-05-26 2025-06-09
1666 DEUTSCHE BOERSE AG UNSPON A D R P 2022-08-18 2025-06-09
From K-1 (IDR) IDR Core Equity RE Strategy P 2001-01-02 2024-12-31
Litigation Sett Splunk P 2020-01-01 2024-09-13
Litigation Sett JP Morgan ADR FX settlement P 2020-01-01 2024-10-01
Litigation Sett STERICYCLE INC P 2020-01-01 2024-12-06
Litigation Sett Citibank NA CD P 2020-01-01 2025-01-09
Litigation Sett Spectrum Brands Holdings P 2020-01-01 2025-01-22
Litigation Sett Mohawk Industries P 2020-01-01 2025-03-03
Litigation Sett Reckitt Benckiser Group P 2020-01-01 2025-04-03
(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 50,000   50,492 -492
b 14,329   21,537 -7,208
c 16,281   52,975 -36,694
d 25,881   24,416 1,465
e 40,733   45,605 -4,872
60,933   61,088 -155
36,834   35,200 1,634
616,537   655,944 -39,407
15,095   10,416 4,679
48,641   33,794 14,847
33,698   28,872 4,826
41,281   22,429 18,852
117,836   99,534 18,302
19,963   26,683 -6,720
79,749   88,172 -8,423
29,872   42,953 -13,081
42,919   86,159 -43,240
51,452   44,766 6,686
12,296   14,343 -2,047
18,216   14,221 3,995
58,527   27,336 31,191
42,124   42,917 -793
116,582   127,107 -10,525
4,535   1,238 3,297
10,902   8,522 2,380
8,372   6,178 2,194
12,209   2,895 9,314
70,569   50,435 20,134
50,622   52,698 -2,076
87,214   71,337 15,877
54,843   51,655 3,188
60,563   60,999 -436
23,871   34,274 -10,403
24,379   26,930 -2,551
136,540   155,213 -18,673
150,658   170,409 -19,751
448,221   507,712 -59,491
84,061   90,733 -6,672
3,376   5,017 -1,641
3,434   4,957 -1,523
12,746   16,743 -3,997
30,090   74,260 -44,170
50,518   70,477 -19,959
5,514   4,609 905
4,414   5,175 -761
24,846   29,886 -5,040
8,581   33,006 -24,425
28,181   32,100 -3,919
978   869 109
1,507   871 636
38,523   20,715 17,808
6,258   9,837 -3,579
6,725   4,942 1,783
4,393   2,039 2,354
21,512   46,345 -24,833
5,922   5,320 602
114,898   76,036 38,862
31,707   15,487 16,220
40,187   45,585 -5,398
51,758   56,871 -5,113
81,247   199,035 -117,788
37,608   31,075 6,533
66,176   80,743 -14,567
74,222   90,862 -16,640
40,689   45,032 -4,343
32,951   22,187 10,764
50,000   50,018 -18
23,267   15,474 7,793
1,799   6,197 -4,398
2,027   5,015 -2,988
16,866   21,939 -5,073
52,278   48,159 4,119
28,072   34,223 -6,151
36,081   37,766 -1,685
5,738   5,330 408
80,057   85,436 -5,379
11,680   14,900 -3,220
78,748   86,188 -7,440
100,620   76,742 23,878
15,699   22,471 -6,772
21,378   29,611 -8,233
124,637   87,626 37,011
17,057   26,581 -9,524
317,942   361,141 -43,199
66,543   41,218 25,325
39,933   46,565 -6,632
23,547   24,167 -620
37,139   39,631 -2,492
23,479   7,924 15,555
24,486   16,880 7,606
16,757   4,519 12,238
18,014   5,039 12,975
8,832   5,912 2,920
24,918   36,771 -11,853
13,095   17,098 -4,003
22,637   25,032 -2,395
17,357   17,459 -102
32,179   35,001 -2,822
26,653   20,907 5,746
12,240   14,637 -2,397
71,033   32,361 38,672
43,442   46,525 -3,083
12,058   13,701 -1,643
18,183   7,798 10,385
25,707   15,938 9,769
48,907   30,805 18,102
22,724   30,835 -8,111
85,761   115,218 -29,457
3,978   4,946 -968
13,685   14,082 -397
4,463   5,003 -540
4,948   5,592 -644
33,902   13,187 20,715
11,060   14,682 -3,622
8,295   10,206 -1,911
29,180   36,147 -6,967
16,741   26,041 -9,300
10,443   18,308 -7,865
22,284   28,129 -5,845
86,373   15,807 70,566
12,978   31,062 -18,084
15,365   21,287 -5,922
70,608   34,702 35,906
31,720   47,955 -16,235
14,979   18,728 -3,749
31,817   14,392 17,425
43,658   44,086 -428
33,903   45,596 -11,693
43,884   27,602 16,282
21,407   17,495 3,912
58,801   44,191 14,610
76,214   103,703 -27,489
37,979   34,796 3,183
34,339   23,188 11,151
39,389   31,391 7,998
55,820   32,687 23,133
12,117   12,108 9
83,320   43,703 39,617
53,337   28,664 24,673
8,889     8,889
34     34
2     2
298     298
2     2
39     39
101     101
127     127
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       -492
b       -7,208
c       -36,694
d       1,465
e       -4,872
      -155
      1,634
      -39,407
      4,679
      14,847
      4,826
      18,852
      18,302
      -6,720
      -8,423
      -13,081
      -43,240
      6,686
      -2,047
      3,995
      31,191
      -793
      -10,525
      3,297
      2,380
      2,194
      9,314
      20,134
      -2,076
      15,877
      3,188
      -436
      -10,403
      -2,551
      -18,673
      -19,751
      -59,491
      -6,672
      -1,641
      -1,523
      -3,997
      -44,170
      -19,959
      905
      -761
      -5,040
      -24,425
      -3,919
      109
      636
      17,808
      -3,579
      1,783
      2,354
      -24,833
      602
      38,862
      16,220
      -5,398
      -5,113
      -117,788
      6,533
      -14,567
      -16,640
      -4,343
      10,764
      -18
      7,793
      -4,398
      -2,988
      -5,073
      4,119
      -6,151
      -1,685
      408
      -5,379
      -3,220
      -7,440
      23,878
      -6,772
      -8,233
      37,011
      -9,524
      -43,199
      25,325
      -6,632
      -620
      -2,492
      15,555
      7,606
      12,238
      12,975
      2,920
      -11,853
      -4,003
      -2,395
      -102
      -2,822
      5,746
      -2,397
      38,672
      -3,083
      -1,643
      10,385
      9,769
      18,102
      -8,111
      -29,457
      -968
      -397
      -540
      -644
      20,715
      -3,622
      -1,911
      -6,967
      -9,300
      -7,865
      -5,845
      70,566
      -18,084
      -5,922
      35,906
      -16,235
      -3,749
      17,425
      -428
      -11,693
      16,282
      3,912
      14,610
      -27,489
      3,183
      11,151
      7,998
      23,133
      9
      39,617
      24,673
      8,889
      34
      2
      298
      2
      39
      101
      127
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 -102,144
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 -141,650
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 29,196
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 29,196
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 29,196
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 26,680
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 26,680
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 107
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,623
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 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 arrowMO
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowUS Bank NA Telephone no.right arrow (417) 888-2202

Located atright arrow1615 S GlenstoneSpringfieldMO ZIP+4right arrow65804
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
US Bank NA Trustee
5.00 		377,386    
Post Office Box 2043
Milwaukee,WI532012043
Thomas J Carlson Director
0.00 		0    
205 W Walnut Street 200
Springfield,MO65806
Peggy Riggs Director
0.00 		0    
940 N Jefferson Ave
Springfield,MO658023718
Junior Cline Director
0.00 		0    
4260 N State Highway H
Springfield,MO65803
Thomas L Slaight Director
0.00 		0    
4361 E Berkeley St
Springfield,MO65809
Rob Baird Chairman
0.00 		0    
2928 S Natural Bridge Dr
Springfield,MO65809
Community Fdn of the Ozarks Succ. Fdn Mgr
0.00 		0    
425 E Trafficway
Springfield,MO65806
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  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
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
33,610,430
b
Average of monthly cash balances.......................
1b
631,584
c
Fair market value of all other assets (see instructions)................
1c
4,349,778
d
Total (add lines 1a, b, and c).........................
1d
38,591,792
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
 
3
Subtract line 2 from line 1d.........................
3
38,591,792
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
578,877
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
38,012,915
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,900,646
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
1,900,646
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
29,196
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
29,196
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,871,450
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,871,450
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
1,871,450
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
1,676,914
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
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
1,676,914
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 1,871,450
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......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 195,617
f Total of lines 3a through e ........ 195,617
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,676,914
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)........ 		0
d Applied to 2024 distributable amount..... 1,676,914
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024. 194,536 194,536
(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 1,081
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) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,081
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 1,081
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 e-mail address of the person to whom applications should be addressed:
Musgrave Foundation
300 S Jefferson Ave Suite 400
Springfield,MO65806
(417) 864-6199
bThe form in which applications should be submitted and information and materials they should include:
Applicants need to request submission form by contacting the Foundation offices.
cAny submission deadlines:
 
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Foundation activities are limited to the Southwest Missouri area, primarily Greene and surrounding counties.
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
Community Foundation of the Ozarks


300 S Jefferson Suite 400
Springfield,MO65806 		None 501(c)(3) Grants/grantmaking support 1,575,000
Total .................................right arrow 3a 1,575,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 23,316  
4 Dividends and interest from securities ....     14 816,163  
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 .....     16 14  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -102,144  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMiscellaneous 		    1 2,209  
bOil royalties     15 2,042,478  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   2,782,036  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,782,036
(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: 24020490
Software Version: 2024v5.2


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Musgrave Foundation
EIN:
43-1304514
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  5,750 0 0 5,750

TY 2024 InvestmentsCorpStockSchedule
Name:
Musgrave Foundation
EIN:
43-1304514
Software ID:
24020490
Software Version:
2024v5.2
Name of Stock End of Year Book Value End of Year Fair Market Value
US Equity 10,930,911 17,591,423

TY 2024 InvestmentsOtherSchedule2
Name:
Musgrave Foundation
EIN:
43-1304514
Software ID:
24020490
Software Version:
2024v5.2
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Mineral and Royalty Interests AT COST 433 3,535,001
Partnership Interests AT COST 529,743 814,777
Fixed Income Funds AT COST 7,071,370 7,066,969
Emerging Markets Equity AT COST 2,488,368 2,567,363
Developed Market Equity AT COST 5,198,620 7,046,641
Hedged Equity AT COST 11,716 20
US Listed Real Estate AT COST 1,839,655 1,939,801
Commodities AT COST    

TY 2024 OtherDecreasesSchedule
Name:
Musgrave Foundation
EIN:
43-1304514
Software ID:
24020490
Software Version:
2024v5.2
Description Amount
K-1 PY basis adjustments 36,667
Partnership distributions not included in income 25,987
Rounding 2


TY 2024 OtherExpensesSchedule
Name:
Musgrave Foundation
EIN:
43-1304514
Software ID:
24020490
Software Version:
2024v5.2
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR agent fees 6,054 6,054    
Depletion on mineral rights 306,372 306,372    
Oil production expenses 156,386 156,386    
Partnership K-1 deductions 4,544 4,544    
Spring grant event 1,817     1,817


TY 2024 OtherIncomeSchedule2
Name:
Musgrave Foundation
EIN:
43-1304514
Software ID:
24020490
Software Version:
2024v5.2
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Miscellaneous 2,209    
Oil royalties 2,042,478    
Other Investment Income 14 2,042,478  


TY 2024 OtherIncreasesSchedule
Name:
Musgrave Foundation
EIN:
43-1304514
Software ID:
24020490
Software Version:
2024v5.2
Description Amount
Accrued Interest/dividends adjustments 27,499
Cost adjustments 17
Depletion ded. TR not on statement 306,372
Foreign taxes withheld at source adjust 4,804
Partnership income reinvestments 25,603


TY 2024 TaxesSchedule
Name:
Musgrave Foundation
EIN:
43-1304514
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Estimated tax payments 10,870      
Foreign taxes w/h at source 24,972 24,972    
State withholding 143 143