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 GENERATION TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 630858
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CINCINNATI, OH452630858
A Employer identification number

34-6850815
B Telephone number (see instructions)

(513) 534-5310
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$33,363,201J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 632,610 590,733  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 536,631
b Gross sales price for all assets on line 6a 4,381,939
7 Capital gain net income (from Part IV, line 2)... 536,631
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,169,241 1,127,364  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 117,093 99,529   17,564
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,410 0 0 1,410
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
16,497 16,497   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
10,562 6,149   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,927 12,787   15,140
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 173,489 134,962 0 34,114
25 Contributions, gifts, grants paid....... 1,098,000 1,098,000
26 Total expenses and disbursements. Add lines 24 and 25 1,271,489 134,962 0 1,132,114
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -102,248
b Net investment income (if negative, enter -0-) 992,402
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 16,574 37,840 37,840
2 Savings and temporary cash investments......... 4,903,014 2,349,854 2,349,854
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 964,114 Click to see attachment
List of Attached Documents:
// Content
590,729 		591,768
b Investments—corporate stock (attach schedule)....... 4,045,563 Click to see attachment
List of Attached Documents:
// Content
4,714,408 		9,344,458
c Investments—corporate bonds (attach schedule)....... 51,908 Click to see attachment
List of Attached Documents:
// Content
1,982,341 		1,934,278
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).......... 5,868,822 Click to see attachment
List of Attached Documents:
// Content
5,985,337 		7,670,737
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,097,647 		Click to see attachment
List of Attached Documents:
// Content
4,177,621 		Click to see attachment
List of Attached Documents:
// Content
11,434,266
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,947,642 19,838,130 33,363,201
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 19,947,642 19,838,130
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)..... 19,947,642 19,838,130
30 Total liabilities and net assets/fund balances (see instructions). 19,947,642 19,838,130
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
19,947,642
2
Enter amount from Part I, line 27a .....................
2
-102,248
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
11,083
4
Add lines 1, 2, and 3 ..........................
4
19,856,477
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
18,347
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
19,838,130
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 36.672 DODGE & COX INTL STOCK FUND   2022-03-08 2024-01-05
b 4.952 EUPAC FUND   2020-03-23 2024-01-05
c 28.522 EUPAC FUND   2013-10-17 2024-01-05
d 24. ESG AWARE MSCI EAFE ETF   2020-04-17 2024-01-05
e .0001 BANK OF AMERICA CORP     2024-02-16
199. AMAZON COM INC COM   2023-10-19 2024-04-11
87. MICROSOFT CORP   1998-10-21 2024-04-11
345. UNITED PARCEL SERVICE-CL B   2022-10-06 2024-04-11
.14 EXXON MOBIL CORP   2020-05-21 2024-05-10
.599 EXXON MOBIL CORP   2022-04-08 2024-05-10
.645 EXXON MOBIL CORP   2020-09-15 2024-05-10
98. LINDE PLC COM ISIN# IE000S9YS762   2019-05-23 2024-07-01
70. AMERICAN EXPRESS CO   2020-05-21 2024-07-24
26. J P MORGAN CHASE & CO   2022-04-12 2024-07-24
20. MARSH & MCLENNAN COS INC   2019-08-06 2024-07-24
15. MASTERCARD INC   2010-07-14 2024-07-24
305. STARBUCKS CORP   2022-06-23 2024-08-01
255. ALPHABET INC CAP STK CL A   2023-10-25 2024-08-20
28. AMERICAN EXPRESS CO   2022-04-08 2024-08-20
258. BOSTON SCIENTIFIC COM   2022-04-08 2024-08-20
260. COMCAST CORP CL A   2022-04-08 2024-08-20
2266.717 MFS VALUE FUND CLASS I   2022-03-08 2024-08-20
68. SERVICENOW INC   2022-07-14 2024-08-20
. NAVIENT CORP     2024-08-22
4398.484 INVESCO OPPENHEIMER INTERNATIONAL GROWTH FUND -   2015-10-29 2024-09-20
22096. BLACKROCK GLOBAL ALLOCATION C   2009-07-31 2024-09-20
. JANUS HENDERSON OVERSEAS FUND A SHARES   2020-10-20 2024-09-20
1084.68 JANUS HENDERSON OVERSEAS FUND A SHARES   2020-10-20 2024-09-20
. JANUS HENDERSON OVERSEAS FUND A SHARES   2017-06-16 2024-09-20
. JANUS HENDERSON OVERSEAS FUND A SHARES   2017-06-16 2024-09-20
776.038 JANUS HENDERSON OVERSEAS FUND A SHARES   2017-06-16 2024-09-20
503.459 JANUS HENDERSON OVERSEAS FUND A SHARES   2017-06-16 2024-09-20
1090.171 JANUS HENDERSON OVERSEAS FUND A SHARES   2017-06-16 2024-09-20
. JANUS HENDERSON OVERSEAS FUND A SHARES   2017-06-06 2024-09-20
. JANUS HENDERSON OVERSEAS FUND A SHARES   2017-06-06 2024-09-20
1123.438 JANUS HENDERSON OVERSEAS FUND A SHARES   2017-06-06 2024-09-20
51.072 JANUS HENDERSON OVERSEAS FUND A SHARES   2017-06-06 2024-09-20
6581. LORD ABBETT INTL OPP C   2016-05-25 2024-09-20
8153. PUTNAM INTL EQUITY CL-A   2001-03-01 2024-09-20
15221.492 NUVEEN INTERNATIONAL OPPORTUNITIES FUND RETAIL   2019-07-19 2024-09-20
20986. THORNBURG INTERNATIONAL EQUITY FUND CLASS C   2004-09-22 2024-09-20
5700. VOYA GLOBAL EQUITY FUND CLASS A   2001-11-20 2024-09-20
700. VANGUARD WHITEHALL FDS INTL DIVID APPRECIATION ETF   2017-11-15 2024-09-30
800. VANGUARD WHITEHALL FDS INTL DIVID APPRECIATION ETF   2017-07-07 2024-09-30
800. VANGUARD WHITEHALL FDS INTL DIVID APPRECIATION ETF   2017-06-13 2024-09-30
800. VANGUARD WHITEHALL FDS INTL DIVID APPRECIATION ETF   2017-04-24 2024-09-30
167. NIKE INC CL B   2024-09-16 2024-10-03
168. NIKE INC CL B   2023-02-15 2024-10-03
1000. ISHARES MSCI EUROZONE ETF   2018-03-26 2024-12-17
1000. ISHARES MSCI EUROZONE ETF   2018-01-02 2024-12-17
2983.294 PEAR TREE POLARIS FGN VAL   2024-09-20 2024-12-17
3485. INVESCO EQV EURPOEAN EQUITY FUND CLASS C   2016-05-09 2024-12-23
371.769 HARBOR INTERNATIONAL FUND   2019-12-16 2024-12-23
178.724 HARBOR INTERNATIONAL FUND   2018-12-17 2024-12-23
189.388 HARBOR INTERNATIONAL FUND   2017-12-18 2024-12-23
200.788 HARBOR INTERNATIONAL FUND   2016-12-19 2024-12-23
175.632 HARBOR INTERNATIONAL FUND   2015-12-17 2024-12-23
202.22 HARBOR INTERNATIONAL FUND   2014-12-18 2024-12-23
202.974 HARBOR INTERNATIONAL FUND   2013-12-17 2024-12-23
184.445 HARBOR INTERNATIONAL FUND   2012-12-17 2024-12-23
227.668 HARBOR INTERNATIONAL FUND   2011-12-16 2024-12-23
4495.72 HARBOR INTERNATIONAL FUND   2018-12-17 2024-12-23
3888.245 HARBOR INTERNATIONAL FUND   2001-05-02 2024-12-23
2006.018 HARBOR INTERNATIONAL FUND   1998-10-21 2024-12-23
1000. ISHARES MSCI EUROPE FINANCIALS   2018-03-26 2024-12-26
2000. ISHARES MSCI EUROPE FINANCIALS   2018-02-01 2024-12-26
1000. VANGUARD TOTAL INTL STOCK INDEX FD ETF SHS   2019-04-26 2024-12-26
950. WISDOMTREE TRUST EMG MKTS SM CP   2024-09-20 2024-12-26
1431.151 FIDELITY INTERNATIONAL INDEX FUND   2024-09-20 2024-12-27
1635.787 GOLDMAN SACHS GQG PARTNERS INTL OPPTY INST   2024-09-20 2024-12-27
1000. ISHARES CORE MSCI EMK ETF   2017-11-27 2024-12-27
700. ISHARES CORE MSCI EMK ETF   2017-09-22 2024-12-27
1. STIFEL FINL CORP     2024-12-31
1. STIFEL FINL CORP     2024-12-31
1. OPPENHEIMER GLOBAL RESOURCE PRIVATE EQUITY     2024-12-31
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 1,793   1,579 214
b 265   190 75
c 1,527   1,376 151
d 1,781   1,321 460
e 218     218
37,684   25,489 12,195
37,324   273 37,051
51,371   57,946 -6,575
16   6 10
71   65 6
76   26 50
41,928   18,160 23,768
17,019   6,292 10,727
5,457   3,463 1,994
4,377   1,954 2,423
6,527   323 6,204
22,737   23,081 -344
42,742   32,298 10,444
7,082   5,193 1,889
20,198   11,616 8,582
10,405   12,311 -1,906
120,000   111,999 8,001
56,741   28,812 27,929
36     36
169,606   156,827 12,779
370,108   369,210 898
       
52,217   62,105 -9,888
       
       
37,358   38,495 -1,137
24,237   24,711 -474
52,481   53,020 -539
       
       
54,082   54,641 -559
2,459   2,480 -21
121,222   99,994 21,228
226,898   196,106 30,792
235,172   220,697 14,475
505,133   440,873 64,260
264,708   234,591 30,117
61,867   45,113 16,754
70,705   48,955 21,750
70,705   49,729 20,976
70,705   47,471 23,234
13,747   13,241 506
13,829   21,339 -7,510
48,190   43,356 4,834
48,190   43,724 4,466
44,809   50,000 -5,191
62,347   100,423 -38,076
16,503   14,923 1,580
7,934   6,078 1,856
8,407   12,712 -4,305
8,913   11,686 -2,773
7,796   10,361 -2,565
8,977   13,308 -4,331
9,010   13,725 -4,715
8,188   11,301 -3,113
10,106   11,534 -1,428
199,565   151,865 47,700
172,599   129,401 43,198
89,047   80,000 9,047
23,409   23,305 104
46,819   51,257 -4,438
59,546   53,357 6,189
46,853   50,501 -3,648
68,566   75,178 -6,612
32,176   38,114 -5,938
52,679   57,276 -4,597
36,875   38,468 -1,593
52,729   49,911 2,818
219,217   141,488 77,729
1   38,685 -38,684
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
      87,874
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       214
b       75
c       151
d       460
e       218
      12,195
      37,051
      -6,575
      10
      6
      50
      23,768
      10,727
      1,994
      2,423
      6,204
      -344
      10,444
      1,889
      8,582
      -1,906
      8,001
      27,929
      36
      12,779
      898
       
      -9,888
       
       
      -1,137
      -474
      -539
       
       
      -559
      -21
      21,228
      30,792
      14,475
      64,260
      30,117
      16,754
      21,750
      20,976
      23,234
      506
      -7,510
      4,834
      4,466
      -5,191
      -38,076
      1,580
      1,856
      -4,305
      -2,773
      -2,565
      -4,331
      -4,715
      -3,113
      -1,428
      47,700
      43,198
      9,047
      104
      -4,438
      6,189
      -3,648
      -6,612
      -5,938
      -4,597
      -1,593
      2,818
      77,729
      -38,684
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 536,631
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 13,794
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 13,794
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 13,794
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 11,955
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 9,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,955
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,161
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow7,161 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
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 arrowOH
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 arrow  
14
The books are in care ofright arrowFIFTH THIRD BANK NA Telephone no.right arrow (419) 259-6803

Located atright arrow550 N SUMMIT ST 22ND FLOORTOLEDOOH ZIP+4right arrow43604
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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
FIFTH THIRD BANK N A TRUSTEE
1 		57,093    
PO BOX 630858
CINCINNATI,OH45202
CAROLYN BECKETT EXECUTIVE DIR
40 		60,000    
PO BOX 1868
TOLEDO,OH43603
JOHN D BECKETT ADVISOR
1 		0    
PO BOX 1868
TOLEDO,OH43603
WENDY BECKETT ADVISOR
1 		0    
PO BOX 1868
TOLEDO,OH43603
KEVIN BECKETT ADVISOR
1 		0    
PO BOX 1868
TOLEDO,OH43603
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
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
18,282,778
b
Average of monthly cash balances.......................
1b
4,954,409
c
Fair market value of all other assets (see instructions)................
1c
9,088,890
d
Total (add lines 1a, b, and c).........................
1d
32,326,077
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
32,326,077
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
484,891
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
31,841,186
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,592,059
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
1,592,059
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
13,794
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,794
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,578,265
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,578,265
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
1,578,265
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
1,132,114
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,132,114
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 1,578,265
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 1,117,380
b From 2020...... 0
c From 2021...... 0
d From 2022...... 6,280,258
e From 2023...... 0
f Total of lines 3a through e ........ 7,397,638
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,132,114
a Applied to 2023, but not more than line 2a 0
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..... 1,132,114
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 446,151 446,151
(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 6,951,487
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 .......... 		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) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		671,229
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		6,280,258
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 6,280,258
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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

FORSAMLINGEN BETEL

GARDESVAGEN 35
VAGNHARAD   SE-619 72
SW 		NONE NC EDUCATION 35,000

LIVING WATERS RETREAT MINISTRY INC

7615 LEMON GULCH WAY
CASTLEROCK,CO80108 		NONE PC GENERAL OPERATING SUPPORT 10,000

NATIONAL CHRISTIAN FOUNDATION INC

11625 RAINWATER DR STE 500
ALPHARETTA,GA30009 		NONE SOUNK GENERAL OPERATING SUPPORT 933,000

IN HIS STEPS FOUNDATION

P O BOX 31750
INDEPENDENCE,OH44131 		NONE PC PROGRAM/PROJECT SUPPORT 120,000
Total .................................right arrow 3a 1,098,000
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 ........... 		         
4 Dividends and interest from securities ....     14 632,610  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 536,631  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,169,241  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,169,241
(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)
Yes
 
(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
1a(1) 35,000 FORSAMLINGEN BETEL CASH GRANT
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 GENERATION TRUST
EIN:
34-6850815
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,410     1,410

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TY 2024 ExpenditureResponsibilityStmt
Name:
THE GENERATION TRUST
EIN:
34-6850815
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
FORSAMLINGEN BETEL
  		GARDENSVAGEN 35
VAGNHARAD   SE-619
SW 		2024-12-12 35,000 HELP NEEDY PEOPLE AND BIBLE TRANSLATIONS   TO THE FOUNDATION'S KNOWLEDGE, NO FUNDS HAVE BEEN DIVERTED     PENDING. THE TRUSTEE IS WORKING ON OBTAINING THE EXPENDITURE RESPONSIBILITY

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
THE GENERATION TRUST
EIN:
34-6850815
Statement:
THE ATTORNEY GENERAL OF THE STATE OF OHIO REQUIRES PRIVATE FOUNDATIONS TO ANNUALLY FILE A REPORT ONLINE THAT HIGHLIGHTS KEY INFORMATION FROM THE FORM 990-PF FOR PUBLIC DISCLOSURE PURPOSES. THIS TRUST TIMELY SUBMITS THIS ONLINE FILING IN LIEU OF FURNISHING A COPY OF ITS FORM 990-PF TO THE STATE.

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Name of Bond End of Year Book Value End of Year Fair Market Value
52517P4C2 LEHMAN BROTHERS HLDG 51,908 12,188
017175AE0 ALLEGHANY CORP MD SR 94,667 94,054
037833ES5 APPLE INC 05/10/23 4 99,920 99,884
04636NAE3 ASTRAZENECA FIN LLC 90,927 90,734
06406RAR8 BANK NEW YORK MELLON 83,670 82,658
14913UAS9 CATERPILLAR FINL SVC 100,283 100,054
231021AU0 CUMMINS INC SR GLBL 97,482 97,483
24422EXX2 DEERE JOHN CAP CORP 97,673 97,027
291011BQ6 EMERSON ELEC CO SR N 90,544 90,294
29446MAD4 EQUINOR ASA 04/06/20 99,499 99,565
437076BY7 HOME DEPOT INC SR GL 93,457 92,736
58933YBE4 MERCK & CO INC 12/10 84,488 83,631
740189AM7 PRECISION CASTPARTS 99,304 99,425
74460DAC3 PUBLIC STORAGE 09/18 96,321 96,159
74460DAH2 PUBLIC STORAGE 11/09 45,297 45,002
78016FZU1 ROYAL BK CDA 10/25/2 51,904 51,635
806854AJ4 SCHLUMBERGER INVT SA 89,850 89,117
822905AF2 SHELL FIN US INC 05/ 90,200 89,706
857477CD3 STATE STR CORP 08/03 101,084 100,989
872540AW9 TJX COS INC NEW 11/3 82,612 81,793
89153VAT6 TOTAL CAPITAL SR GLB 91,656 91,003
89236TMF9 TOYOTA MTR CR CORP 0 50,804 50,361
91324PDW9 UNITEDHEALTH GROUP I 48,292 48,370
961214FL2 WESTPAC BKG CORP 11/ 50,499 50,410

TY 2024 InvestmentsCorpStockSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Name of Stock End of Year Book Value End of Year Fair Market Value
053015103 AUTOMATIC DATA PROCE 6,620 28,395
02079K305 ALPHABET INC CAP STK 245,955 647,406
023135106 AMAZON.COM INC 316,506 734,298
025816109 AMERICAN EXPRESS CO 93,674 198,849
037833100 APPLE INC 216,511 651,342
053332102 AUTOZONE INC 5,011 38,424
166764100 CHEVRON CORPORATION 40,897 42,148
191216100 COCA COLA CO 36,456 77,763
20030N101 COMCAST CORP CL A 75,185 69,168
235851102 DANAHER CORP 187,795 277,296
291011104 EMERSON ELEC CO 9,153 93,815
30303M102 META PLATFORMS INC C 7,331 51,525
375558103 GILEAD SCIENCES INC 19,015 85,904
437076102 HOME DEPOT INC 143,043 342,700
438516106 HONEYWELL INTL INC 109,564 162,415
452308109 ILLINOIS TOOL WKS IN 64,008 157,968
458140100 INTEL CORP 16,959 37,895
46120E602 INTUITIVE SURGICAL I 45,322 104,392
46625H100 JPMORGAN CHASE & CO 172,363 448,258
56585A102 MARATHON PETROLEUM C 54,732 133,502
571748102 MARSH & MCLENNAN COS 115,191 184,372
57636Q104 MASTERCARD INC 125,814 432,841
580135101 MCDONALDS CORP 78,360 214,229
58933Y105 MERCK & CO INC 133,015 198,264
594918104 MICROSOFT CORP 216,161 594,315
595112103 MICRON TECHNOLOGY IN 47,621 94,680
609207105 MONDELEZ INTL INC CL 16,515 52,921
655844108 NORFOLK SOUTHN CORP 3,049 13,847
68389X105 ORACLE CORPORATION 19,944 257,792
695156109 PACKAGING CORP AMER 3,181 26,115
697435105 PALO ALTO NETWORKS I 227,974 563,348
713448108 PEPSICO INC 110,515 141,112
723787107 PIONEER NATURAL RESO    
81762P102 SERVICENOW INC 189,259 402,846
824348106 SHERWIN WILLIAMS CO 83,458 162,826
931142103 WALMART INC 93,115 192,174
G5960L103 MEDTRONIC PLC 208,269 177,174
101137107 BOSTON SCIENTIFIC CO 85,547 169,708
65339F101 NEXTERA ENERGY INC 217,508 195,714
911312106 UNITED PARCEL SVC IN 81,293 61,032
007903107 ADVANCED MICRO DEVIC 142,263 132,869
20825C104 CONOCOPHILLIPS 80,606 79,336
30231G102 EXXON MOBIL CORP 110,910 155,977
369550108 GENERAL DYNAMICS COR 132,605 131,745
67066G104 NVIDIA CORP 65,876 67,145
883556102 THERMO FISHER SCIENT 157,721 156,069
90353T100 UBER TECHNOLOGIES IN 102,538 102,544

TY 2024 InvestmentsGovtObligationsSch
Name:
THE GENERATION TRUST
EIN:
34-6850815
US Government Securities - End of Year Book Value:

590,729
US Government Securities - End of Year Fair Market Value:

591,768
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2024 InvestmentsOtherSchedule2
Name:
THE GENERATION TRUST
EIN:
34-6850815
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
008882789 INVESCO EQV EURPOEAN      
00900W647 INVESCO OPPENHEIMER      
04314H717 ARTISAN HIGH INCOME      
09251T301 BLACKROCK GLOBAL ALL      
298706110 AMERICAN FUNDS EUROP AT COST 4,404 4,908
411511306 HARBOR INTERNATIONAL      
411511504 HARBOR CAPITAL APPRE AT COST 18,172 31,291
464286608 ISHARES MSCI EUROZON      
464287101 ISHARES S&P 100 INDE AT COST 1,483,834 2,962,734
464287465 ISHARES MSCI EAFE IN AT COST 66,519 75,610
464287507 ISHARES CORE S&P MID AT COST 201,538 305,942
464287804 ISHARES CORE S&P SMA AT COST 203,681 288,396
464289180 ISHARES MSCI EUROPE      
46432F842 ISHARES CORE MSCI EA AT COST 127,778 140,560
46434G103 ISHARES CORE MSCI EM      
46435G516 ESG AWARE MSCI EAFE AT COST 478,883 443,972
543915839 LORD ABBETT INTL OPP      
552983694 MFS VALUE FUND CLASS AT COST 592,822 779,990
74440B884 PGIM TOTAL RETURN BO AT COST 5,429 5,351
74680E101 PUTNAM INTL EQUITY C      
885215640 THORNBURG INTERNATIO      
921909768 VANGUARD TOTAL INTL      
921946810 VANGUARD WHITEHALL F      
92913X811 VOYA GLOBAL EQUITY F      
256206103 DODGE & COX INTL STO AT COST 4,873 5,647
317609295 SEAFARER OVERSEAS GR AT COST 4,839 4,628
46434G863 ESG AWARE MSCI EM ET AT COST 3,876 4,007
87245R664 TIAA CREF INTL OPPTY      
09260B382 BLACKROCK FDS II STR AT COST 2,939 2,968
31761R393 FINANCIAL INVS TR AL AT COST 4,599 4,500
40168W483 GUGGENHEIM LIMITED D AT COST 2,939 2,987
47103C480 JANUS HENDERSON OVER      
00770X675 ADVISORS SER TR PZEN AT COST 100,000 90,618
025072604 AVANTIS EMERGING MAR AT COST 105,058 99,943
04314H568 ARTISAN HIGH INCOME AT COST 3,394 3,049
04314H618 ARTISAN DEV WORLD FD AT COST 100,000 104,572
115291759 BROWN CAPITAL MANAGE AT COST 50,000 49,133
315911727 FIDELITY INTERNATION AT COST 494,822 447,817
316146265 FIDELITY MID CAP IND AT COST 250,000 247,581
38147N293 GOLDMAN SACHS GQG PA AT COST 531,886 446,510
779917707 T. ROWE PRICE INTEGR AT COST 500,000 489,451
92204A702 VANGUARD INFORMATION AT COST 192,551 186,540
922908686 VANGUARD SMALL CAP I AT COST 400,000 395,558
97717W281 WISDOMTREE TRUST EMG AT COST 50,501 46,474

TY 2024 OtherAssetsSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
MINNESOTA LIFE POL#2-233-669V 2,992,783 2,992,783 9,797,329
OPPENHEIMER GLOBAL RECOURCE 44,126 0 0
STIFEL-4458 703,050 733,470 1,012,085
STIFEL-4078 357,688 451,368 624,852


TY 2024 OtherDecreasesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Description Amount
ADJUSTMENT TO INCOME 16
TOTAL ACCRUED INTEREST 13,360
2024 TRANSACTION POSTED IN 2025 65
OPPENHEIMER GLOBAL BASIS ADJUSTMENT 4,903
ROUNDING 3


TY 2024 OtherExpensesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ATTORNEY GENERAL FEES 200 0   200
PAYROLL FEES 12,653 12,653   0
MEDICAL INSURANCE 11,448 0   11,448
TRAVEL HOTEL 436 0   436
OFFICE SUPPLIES 454 0   454
TRAVEL 1,915 0   1,915
ADR FEES 134 134   0
MEALS 492 0   492
BOOK DISTRIBUTION 195 0   195


TY 2024 OtherIncreasesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Description Amount
2023 TRANSACTION POSTED IN 2024 11,032
WASH SALE COST ADJUSMENT 51


TY 2024 OtherProfessionalFeesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 16,497 16,497    


TY 2024 TaxesSchedule
Name:
THE GENERATION TRUST
EIN:
34-6850815
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 255 255   0
EXCISE TAX ESTIMATE 4,413 0   0
FOREIGN TAXES ON QUALIFIED FOR 5,031 5,031   0
FOREIGN TAXES ON NONQUALIFIED 863 863   0