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 ARMSTRONG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 470338
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT WORTH, TX76147
A Employer identification number

75-6003209
B Telephone number (see instructions)

(817) 737-7117
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$30,381,861
J 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 132,427 132,427  
4 Dividends and interest from securities... 608,694 608,694  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,120,102
b Gross sales price for all assets on line 6a 7,285,616
7 Capital gain net income (from Part IV, line 2)... 30,341
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)....... 531,219 531,219  
12 Total. Add lines 1 through 11........ 2,392,442 1,302,681  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 224,831 102,624   122,207
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 71,188 34,006   37,182
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 6,950 6,950    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 5,746 5,746    
19 Depreciation (attach schedule) and depletion... 205 205  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 255,286 244,059   11,227
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 564,206 393,590   170,616
25 Contributions, gifts, grants paid....... 1,191,140 1,191,140
26 Total expenses and disbursements. Add lines 24 and 25 1,755,346 393,590   1,361,756
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 637,096
b Net investment income (if negative, enter -0-) 909,091
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 318,616 318,278 318,278
3 Accounts receivable right arrow35,441
Less: allowance for doubtful accounts right arrow   23,801 35,441 35,441
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).......      
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).......... 22,685,700 Click to see attachment
List of Attached Documents:
// Content
23,301,076
29,030,010
14 Land, buildings, and equipment: basis right arrow75,007
Less: accumulated depreciation (attach schedule) right arrow72,766 7,807 Click to see attachment
List of Attached Documents:
// Content
2,241
57,125
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
334,232
Click to see attachment
List of Attached Documents:
// Content
334,232
Click to see attachment
List of Attached Documents:
// Content
941,007
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,370,156 23,991,268 30,381,861
Liabilities 17 Accounts payable and accrued expenses.......... 3,830  
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) Click to see attachment
List of Attached Documents:
// Content
-871
Click to see attachment
List of Attached Documents:
// Content
2,015
23 Total liabilities (add lines 17 through 22)......... 2,959 2,015
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 23,367,197 23,989,253
29 Total net assets or fund balances (see instructions)..... 23,367,197 23,989,253
30 Total liabilities and net assets/fund balances (see instructions). 23,370,156 23,991,268
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
23,367,197
2
Enter amount from Part I, line 27a .....................
2
637,096
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
24,004,293
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
15,040
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,989,253
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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 30,341
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 12,636
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 12,636
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 12,636
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 10,871
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 10,871
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
8 134
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,899
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 arrow   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 arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.ARMSTRONGFDN.ORG
14
The books are in care ofright arrowLAURA HARRISON Telephone no.right arrow (817) 737-7191

Located atright arrowP O BOX 470338FORT WORTHTX ZIP+4right arrow761470338
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
 
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
T K ARMSTRONG JR PRESIDENT
20.00
61,524 0 0
P O BOX 470338
FORT WORTH,TX76147
LAURA J HARRISON SECRETARY
30.00
56,407 0 0
P O BOX 470338
FORT WORTH,TX76147
ALLEN L ARMSTRONG TREASURER
5.00
10,136 0 0
P O BOX 470338
FORT WORTH,TX76147
ALEX D ARMSTRONG TRUSTEE
5.00
5,782 0 0
P O BOX 470338
FORT WORTH,TX76147
CHRISTIAN G SIEGENTHALER TRUSTEE
5.00
5,782 0 0
P O BOX 470338
FORT WORTH,TX76147
KATE BRITAIN KEY EMPLOYEE
5.00
5,782 0 0
P O BOX 470338
FORT WORTH,TX76147
JOHN LEE HARRISON OFFICER
30.00
79,418 0 0
P O BOX 470338
FORT WORTH,TX76147
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
28,028,480
b
Average of monthly cash balances.......................
1b
318,447
c
Fair market value of all other assets (see instructions)................
1c
842,643
d
Total (add lines 1a, b, and c).........................
1d
29,189,570
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
29,189,570
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
437,844
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
28,751,726
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,437,586
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
1,437,586
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
12,636
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,636
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,424,950
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,424,950
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
1,424,950
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
1,361,756
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
1,361,756
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 1,424,950
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...... 4,765
b From 2020......  
c From 2021......  
d From 2022...... 6,808
e From 2023...... 68,063
f Total of lines 3a through e ........ 79,636
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,361,756
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions).....
 
c Treated as distributions out of corpus (Election
required—see instructions)........
 
d Applied to 2024 distributable amount..... 1,361,756
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024. 63,194 63,194
(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 16,442
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 ......
16,442
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 16,442
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).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
T K ARMSTRONG JR
P O BOX 470338
FORT WORTH,TX76147
(817) 737-7117
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION CAN BE MADE AT WEBSITE WWW.ARMSTRONGFDN.ORG. PROPOSALS MUST BE ACCOMPANIED BY AN IRS LETTER SHOWING THEIR TAX-EXEMPT STATUS.
cAny submission deadlines:
PROPOSALS MAY BE SUBMITTED ANY TIME DURING THE YEAR.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO 501(C)(3) TAX-EXEMPT INSTITUTIONS AND ORGANIZATIONS ADVOCATING THE PERPETUATION OF CONSTITUTIONAL GOVERNMENT AND ITS FREEDOMS. OUR TRUSTEES ARE PARTICULARLY SUPPORTIVE OF THOSE INSTITUTIONS AND ORGANIZATIONS DIRECTING THEIR ACTIVITIES IN THE EDUCATIONAL PROCESSES OF THE FREE ENTERPRISE SYSTEM, THE BENEFITS OF LIMITED GOVERNMENT AND THE BASIC PRINCIPLES OF AMERICAN IDEALS ESPOUSED BY THE FOUNDING FATHERS OF THIS GREAT NATION. WE DO NOT SUPPORT BRICKS AND MORTAR PROJECTS. ADDITIONALLY, NO GRANTS ARE MADE TO INDIVIDUALS UNLESS PRIOR APPROVAL BY THE IRS.
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

AMERICAN ENTERPRISE INSTITUTE FOR P

1789 MASSACHUSETTS AVE NW
WASHINGTON,DC200362103
    NATIONAL AND STATE POLICY 37,500

CONSTITUTING AMERICA INC

PO BOX 1988
COLLEYVILLE,TX760341988
    EDUCATION 22,500

INSTITUTE FOR JUSTICE

901 N GLEBE RD STE 900
ARLINGTON,VA222031854
    NATIONAL AND STATE POLICY 30,000

INTERCOLLEGIATE STUDIES INSTITUTE

3901 CENTERVILLE RD
WILMINGTON,DE198071938
    EDUCATION 35,000

MERCATUS CENTER

3434 WASHINGTON BLVD STE
ARLINGTON,VA222014541
    EDUCATION 28,000

NETWORK OF ENLIGHTENED WOMEN INC

6501 DEAN RD
INDIANAPOLIS,IN462203801
    EDUCATION 7,000

OUR AMERICA (THE AMERICAN MOVEMENT

1900 CAMPUS COMMONS DRIVE
RESTON,VA201910000
    EDUCATION 10,000

TEXAS PUBLIC POLICY FOUNDATION

901 CONGRESS AVE
AUSTIN,TX787012421
    NATIONAL AND STATE POLICY 30,000

TURNING POINT USA

756 N MAIN ST STE C
CROWN POINT,IN463073268
    EDUCATION 15,000

AMERICAN INSTITUTE FOR ECONOMIC RES

PO BOX 1000
GT BARRINGTON,MA012301000
    NATIONAL AND STATE POLICY 10,000

AMERICAN PRIVATE RADIO

1739 UNIVERSITY AVE 341
OXFORD,MS386554109
    EDUCATIONO 10,000

ASHBROOK CENTER AT ASHLAND UNIVERSI

401 COLLEGE AVE
ASHLAND,OH448053702
    EDUCATION 35,000

BALLOTPEDIA

8383 GREENWAY BLVD STE 60
MIDDLETON,WI535624659
    NATIONAL AND STATE POLICY 15,000

BARRY GOLDWATER INSTITUTE FOR PUBLI

500 E CORONADO RD
PHOENIX,AZ850041543
    EDUCATION 25,000

COMPETITIVE ENTERPRISE INSTITUTE

1310 L STREET NW 7TH FL
WASHINGTON,DC200054383
    EDUCATION 20,000

FEDERALIST SOCIETY FOR LAW & PUBLIC

1776 I ST NW STE 300
WASHINGTON,DC200063774
    NATIONAL AND STATE POLICY 15,000

FOUNDATION FOR ECONOMIC EDUCATION

1776 PEACHTREE ST NW STE
ATLANTA,GA303092311
    EDUCATION 35,000

FOUNDATION FOR INDIVIDUAL RIGHTS AN

510 WALNUT ST STE 900
PHILADELPHIA,PA191063621
    NATIONAL AND STATE POLICY 5,000

FREE TO CHOOSE NETWORK

2002 FILMORE AVE
ERIE,PA165062930
    EDUCATION 20,000

THE FUND FOR AMERICAN STUDIES

1706 NEW HAMPSHIRE AVE NW
WASHINGTON,DC200092502
    EDUCATION 35,000

HERITAGE FOUNDATION

214 MASSACHUSETTS AVENUE
WASHINGTON,DC200024958
    NATIONAL AND STATE POLICY 40,000

INDEPENDENT INSTITUTE

100 SWAN WAY STE 200
OAKLAND,CA946211459
    NATIONAL AND STATE POLICY 25,000

INDEPENDENT WOMENS FORUM

4 WEEMS LANE 312
WINCHESTER,VA226013602
    EDUCATION 5,000

INSTITUTE FOR HUMANE STUDIES

3434 WASHINGTON BLVD MS 1
ARLINGTON,VA222014540
    EDUCATION 27,500

JACK MILLER CENTER

3 BALA PLAZA WEST STE401
BALA CYNWYD,PA190043408
    EDUCATION 30,000

LAW & ECONOMICS CENTER

4400 UNIVERSITY DRIVE MSN
FAIRFAX,VA220304444
    NATIONAL AND STATE POLICY 15,000

MEDIA RESEARCH CENTER

2340 DULLES CORNER BLVD S
HERNDON,VA201713400
    EDUCATION 20,000

MOVING PICTURES INSTITUTE

375 GREENWICH ST
NEW YORK,NY100132376
    EDUCATION 30,000

THE POLICY CIRCLE

1189 WILMETTE AVE
WILMETTE,IL600912719
    NATIONAL AND STATE POLICY 5,000

PRAGER UNIVERSITY FOUNDATION

15021 VENTURA BLVD
SHERMAN OAKS,CA914032442
    EDUCATION 20,000

REASON FOUNDATION

5737 MESMER AVE
LOS ANGELES,CA902306316
    EDUCATION 35,000

SPEECH FIRST

1300 I ST NW STE 400E
WASHINGTON,DC200053318
    NATIONAL AND STATE POLICY 5,000

STATE POLICY NETWORK

1500 WILSON BLVD STE 600
ARLINGTON,VA222092400
    NATIONAL AND STATE POLICY 35,000

TALENT MARKET CO AMERICA'S FUTURE

1367 CONNECTICUT AVE NW S
WASHINGTON,DC200361859
    EDUCATION 7,000

TAX FOUNDATION

1325 G ST NW STE 950
WASHINGTON,DC200053181
    NATIONAL AND STATE POLICY 15,000

YOUNG VOICES

1701 RHODE ISLAND AVE NW
WASHINGTON,DC200363001
    NATIONAL AND STATE POLICY 10,000

AMERICAN COUNCIL OF TRUSTEES AND AL

1730 M ST NW STE 600
WASHINGTON,DC200364557
    EDUCATION 5,000

AMERICAN LEGISLATIVE EXCHANGE COUNC

2900 CRYSTAL DR STE 600
ARLINGTON,VA222023595
    NATIONAL AND STATE POLICY 15,000

CENTER FOR INDEPENDENT THOUGHT

50 MONUMENT RD STE 102
BALA CYNWYD,PA190041706
    NATIONAL AND STATE POLICY 15,000

CERTELL INC

2201 E 46TH ST SUITE 302
INDIANAPOLIS,IN462504299
    EDUCATION 20,000

CONVENTION OF STATES

5850 SAN FELIPE 575A
HOUSTON,TX770570000
    NATIONAL AND STATE POLICY 5,000

FRANKLIN NEWS FOUNDATION

20 N CLARK STREET 2100
CHICAGO,IL606024109
    EDUCATION 15,000

LEADERSHIP INSTITUTE

1101 N HIGHLAND ST
ARLINGTON,VA222012807
    EDUCATION 45,000

NATIONAL RIGHT TO WORK LEGAL DEFENS

8001 BRADDOCK RD STE 600
SPRINGFIELD,VA221512110
    NATIONAL AND STATE POLICY 15,000

PACIFIC LEGAL FOUNDATION

555 CAPITOL MALL STE 1290
SACRAMENTO,CA958144605
    NATIONAL AND STATE POLICY 30,000

PATRIOT ACADEMY

PO BOX 586
DRIPPING SPGS,TX786200586
    NATIONAL AND STATE POLICY 10,000

STUDENTS FOR LIBERTY INCORPORATED

1750 TYSONS BLVD STE 1500
MC LEAN,VA221024200
    EDUCATION 20,000

YOUNG AMERICANS FOR LIBERTY FOUNDAT

3267 BEE CAVE RD STE 107-
AUSTIN,TX78746
    EDUCATION 10,000

YOUNG AMERICAS FOUNDATION

11480 COMMERCE PARK DR ST
RESTON,VA201911556
    EDUCATION 25,000

AMERICA'S FUTURE

1633 CONNECTICUT AVE NW S
WASHINGTON,DC200091041
    NATIONAL AND STATE POLICY 15,000

ATLAS NETWORK

4075 WILSON BLVD STE 310
ARLINGTON,VA222032160
    EDUCATION 15,000

BILL OF RIGHTS INSTITUTE

1310 N COURTHOUSE RD STE
ARLINGTON,VA222012594
    NATIONAL AND STATE POLICY 45,000

CATO INSTITUTE

1000 MASSACHUSETTS AVE NW
WASHINGTON,DC200015401
    NATIONAL AND STATE POLICY 25,000

CURE - CENTER FOR URBAN RENEWAL AND

1317 F STREET NW
WASHINGTON,DC200041105
    EDUCATION 10,000

FREE THE PEOPLE FIGHT THE POWER FOU

611 PENNSYLVANIA AVE SE 2
WASHINGTON,DC200034303
    NATIONAL AND STATE POLICY 27,500

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI492421205
    EDUCATION 20,000

MISSISSIPPI CENTER FOR PUBLIC POLIC

520 GEORGE ST
JACKSON,MS392023013
    NATIONAL AND STATE POLICY 25,000

PHILANTHROPY ROUNDTABLE

1120 20TH ST NW STE 400N
WASHINGTON,DC200363592
    EDUCATION 7,500

YOUNG WOMEN'S PREPARATORY NETWORK

1722 ROUTH ST STE 720
DALLAS,TX752012513
    EDUCATION 830

ALLIANCE FOR CHILDREN

3609 MARQUITA DRIVE
FORT WORTH,TX76116
    EDUCATION 4,150

LENA POPE HOME

3200 SANGUINET ST
FORT WORTH,TX76107
    EDUCATION 830

MULTIPURPOSE ARENA FORT WORTH

1911 MONTGOMERY ST
FORT WORTH,TX76107
    EDUCATION 830
Total .................................right arrow 3a 1,191,140
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 ...........
    14 122,230 10,197
4 Dividends and interest from securities ....     14 608,694  
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 .....     15 531,219  
8 Gain or (loss) from sales of assets other than
inventory ............
    14 30,341 1,089,761
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) ..   1,292,484 1,099,958
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,392,442
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow
PTIN
Firm's name Right Arrow
Firm's EIN Right Arrow
Firm's address Right Arrow


Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING EXPENSES 6,950 6,950    

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TY 2024 DepreciationSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)
Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
CONDO LAND 1983-09-01 5,362              
ELECTRIC LOCKS 1986-12-01 167 167 S/L 5.0000        
IBM PC SOFTWARE 1983-06-30 3,066 3,066 S/L 5.0000        
CALCULATOR 1983-08-31 109 109 S/L 3.0000        
DESK 1983-08-31 656 656 S/L 10.0000        
SANGER HARRIS CH 1984-07-31 307 307 S/L 5.0000        
IBM TYPEWRITER 1984-09-30 1,050 1,050 S/L 5.0000        
CHAIR 1984-10-31 240 240 S/L 5.0000        
INWOOD TYPEWRITER 1985-04-17 1,538 1,538 S/L 5.0000        
TELEPHONE 1985-07-30 332 332 S/L 5.0000        
TELEPHONE 1985-09-04 995 995 S/L 5.0000        
COMPUTER CHIP 1989-01-26 280 280 S/L 5.0000        
FILE DRAWERS 1989-02-09 665 665 S/L 5.0000        
COMPUTER 1990-06-28 2,794 2,794 S/L 5.0000        
CHAIR 1991-06-12 279 279 S/L 5.0000        
FURNITURE 1991-07-03 586 586 S/L 5.0000        
PRINTER 1993-06-08 350 350 S/L 5.0000        
NEW PHONE SYSTEM 1998-05-26 1,019 1,019 S/L 5.0000        
CONDO OFFICE BUILDING 1983-09-01 44,242 44,242 S/L 25.0000        
VARIOUS 1957-01-01 1,106 1,106 S/L 5.0000        
DICTAPHONE 1983-06-30 890 890 S/L 5.0000        
LENNOX 4 TON A/C-HEAT UNIT 2005-08-22 2,886 1,360 S/L 39.0000 74 74    
OPTIPLEX 210L COMPUTER 2006-06-23 1,555 1,555 200DB 5.0000        
OFFICE EQUIPMENT 2008-10-20 1,553 1,553 200DB 5.0000        
OFFICE EQUIPMENT 2009-01-29 1,205 1,205 200DB 5.0000        
COMPUTER 2014-05-23 1,000 1,000 200DB 5.0000        
PRINTER 2014-06-17 999 999 200DB 5.0000        
FURNITURE & FIXTURES 2019-02-22 221 221 200DB 7.0000        
FURNITURE & FIXTURES 2019-03-21 398 398 200DB 7.0000        
3 CHAIRS 2019-04-11 753 753 200DB 7.0000        
FURNITURE & FIXTURES 2019-05-16 1,113 1,113 200DB 7.0000        
FURNITURE & FIXTURES 2020-08-21 969 969 200DB 7.0000        
CONDO OFFICE 2022-03-25 764 764 200DB 7.0000        
DELL COMPUTER 2023-12-27 920   S/L 7.0000 131 131    

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TY 2024 GainLossSaleOtherAssetsSch
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
CVS HEALTH CORP 2024-09 PURCHASE 2024-12   93,142 119,659     -26,517  
PEPSICO INC 2023-10 PURCHASE 2024-01   7,283 7,017     266  
RESTAURANT BRANDS INTL 2024-02 PURCHASE 2024-04   71,929 73,730     -1,801  
ZOETOS INC 2023-12 PURCHASE 2024-10   50,781 55,657     -4,876  
AIR LEASE CORP 2022-01 PURCHASE 2024-02   50,000 48,804     1,196  
AIR PRODUCTS AND CHEMICALS 2022-05 PURCHASE 2024-02   70,203 76,156     -5,953  
ALPHABET INC 2019-05 PURCHASE 2024-08   20,608 7,771     12,837  
AMAZON.COM INC 2020-03 PURCHASE 2024-08   16,796 9,291     7,505  
AMERICAN EXPRESS NOTE 2020-04 PURCHASE 2024-11   25,000 25,033     -33  
APPLE INC 2019-05 PURCHASE 2024-08   23,261 4,905     18,356  
BROADCOM INC 2020-03 PURCHASE 2024-01   52,675 8,040     44,635  
CANADIAN PAC KANS CITY LTD 2022-08 PURCHASE 2024-05   77,248 79,694     -2,446  
CELGENE CORP NOTE 2020-04 PURCHASE 2024-05   25,000 25,000        
CHEVRON CORP 2023-03 PURCHASE 2024-09   114,151 124,766     -10,615  
COSTCO WHOLESALE CORP 2023-05 PURCHASE 2024-08   39,665 22,789     16,876  
EATON CORPORATION 2021-04 PURCHASE 2024-08   51,182 24,712     26,470  
ELI LILLY & CO 2020-03 PURCHASE 2024-08   37,246 5,400     31,846  
FISERV INC 2022-01 PURCHASE 2024-07   50,000 50,000        
MCDONALDS CORP 2018-11 PURCHASE 2024-07   97,941 73,602     24,339  
MICROSOFT CORP 2018-11 PURCHASE 2024-07   43,277 11,324     31,953  
PARAMOUNT GLOBAL NOTE 2022-01 PURCHASE 2024-12   20,000 20,189     -189  
PEPSICO INC 2022-09 PURCHASE 2024-01   69,445 69,726     -281  
PNC FINANCIAL SERVICES NOTE 2022-01 PURCHASE 2024-01   75,000 75,000        
CHAS SCHWAB CORP NOTE 2020-03 PURCHASE 2024-02   100,000 100,000        
TOTALENERGIES NOTE 2022-01 PURCHASE 2024-04   75,000 75,000        
U S TREASURY NOTE 2022-08 PURCHASE 2024-08   200,000 200,000        
U S TREASURY NOTE 2023-07 PURCHASE 2024-10   250,000 247,517     2,483  
U S TREASURY NOTE 2023-02 PURCHASE 2024-07   50,000 48,033     1,967  
UNITEDHEALTH GROUP 2018-11 PURCHASE 2024-01   111,654 58,646     53,008  
UNITEDHEALTH GROUP NOTE 2022-01 PURCHASE 2024-05   50,000 49,068     932  
VISA INC 2023-06 PURCHASE 2024-08   29,822 25,337     4,485  
ZOETIS INC 2018-12 PURCHASE 2024-10   83,597 39,134     44,463  
ALLSTATE CORP 2023-10 PURCHASE 2024-05   824 619     205  
HOWMET AEROSPACE INC 2024-01 PURCHASE 2024-11   9,358 5,044     4,314  
ANICO EAGLE MINES 2024-04 PURCHASE 2024-10   6,154 4,579     1,575  
AMPHENOL CORP 2023-12 PURCHASE 2024-01   10,417 7,977     2,440  
CENORA INC 2024-04 PURCHASE 2024-05   878 953     -75  
BLUE OWL CAP 2023-09 PURCHASE 2024-01   3,630 2,794     836  
BECTON DICKINSON 2023-06 PURCHASE 2024-03   23,387 25,379     -1,992  
BOEING COMPANY 2023-08 PURCHASE 2024-01   17,533 20,666     -3,133  
BOSTON SCIENTIFIC 2023-02 PURCHASE 2024-01   976 746     230  
CONSOLIDATED EDISON 2023-11 PURCHASE 2024-05   565 543     22  
CHEVRON CORP 2023-09 PURCHASE 2024-08   6,628 7,589     -961  
DIGITAL RLTY TR INC 2023-06 PURCHASE 2024-05   710 543     167  
DEERE CO 2023-03 PURCHASE 2024-03   5,104 5,496     -392  
D R HORTON INC 2023-02 PURCHASE 2024-01   3,934 2,755     1,179  
DISNEY CO 2024-03 PURCHASE 2024-05   33,518 42,468     -8,950  
FREEPORT MCMORAN 2024-05 PURCHASE 2024-05   675 647     28  
FERRARI NV 2023-10 PURCHASE 2024-05   2,924 2,195     729  
HP INC 2023-12 PURCHASE 2024-05   1,376 1,232     144  
INTL BUS MACHINE 2023-07 PURCHASE 2024-05   854 713     141  
INTERPUBLIC GRP 2023-05 PURCHASE 2024-03   3,919 4,644     -725  
KENVUE INC 2023-08 PURCHASE 2024-01   11,776 14,833     -3,057  
ELI LILLY CO 2023-05 PURCHASE 2024-01   627 443     184  
MARTIN MARIETTA MATLS 2024-03 PURCHASE 2024-05   3,292 3,613     -321  
S&P GLOBAL INC 2023-07 PURCHASE 2024-01   3,524 3,396     128  
MAGNA INTL INC 2023-09 PURCHASE 2024-08   929 1,290     -361  
NVIDIA 2023-01 PURCHASE 2024-01   10,507 3,306     7,201  
NETFLIX COM INC 2023-10 PURCHASE 2024-01   29,724 21,490     8,234  
ROSS STORES INC 2023-08 PURCHASE 2024-01   3,150 2,667     483  
SIMON PROPERTY GROUP 2024-05 PURCHASE 2024-08   1,228 1,181     47  
SERVICENOW 2023-02 PURCHASE 2024-01   754 489     265  
SYNCHRONY FINL 2023-03 PURCHASE 2024-03   294 202     92  
WELLTOWER INC 2023-09 PURCHASE 2024-09   2,949 1,873     1,076  
TARGET CORP 2024-03 PURCHASE 2024-05   16,417 21,847     -5,430  
TESLA INC 2023-10 PURCHASE 2024-01   16,303 16,816     -513  
THERMO FISHER SCIENTIFIC 2024-04 PURCHASE 2024-11   8,803 9,736     -933  
TORONTO DOMINION BANK 2024-07 PURCHASE 2024-10   5,098 5,213     -115  
UNITED RENTALS INC 2023-08 PURCHASE 2024-01   10,931 7,712     3,219  
UNITEDHEALTH GROUP 2023-04 PURCHASE 2024-04   66,854 71,701     -4,847  
VICI PROPERTIES 2023-06 PURCHASE 2024-05   1,284 1,382     -98  
WESTERN DIGITA LCORP 2024-01 PURCHASE 2024-05   1,795 1,437     358  
AMAZON COM 2021-09 PURCHASE 2024-01   9,381 9,030     351  
PROLOGIS INC 2019-04 PURCHASE 2024-01   18,549 19,606     -1,057  
ALPHABET INC 2019-11 PURCHASE 2024-01   11,705 4,703     7,002  
AMERICAN EXPRESS COMPANY 2023-01 PURCHASE 2024-01   27,703 17,378     10,325  
APPLE INC 2019-04 PURCHASE 2024-01   34,531 9,747     24,784  
BROADCOM INC 2022-12 PURCHASE 2024-01   49,313 18,327     30,986  
BLUE OWL CAP 2023-09 PURCHASE 2024-10   2,842 1,472     1,370  
BLACKROCK INC 2022-12 PURCHASE 2024-11   7,214 4,947     2,267  
BLACKROCK INC 2022-12 PURCHASE 2024-05   3,933 3,482     451  
BOEING COMPANY 2022-12 PURCHASE 2024-05   22,772 22,457     315  
BOSTON SCIENTIFIC 2023-02 PURCHASE 2024-04   11,301 7,119     4,182  
CSX CORP 2023-01 PURCHASE 2024-05   6,166 5,915     251  
COMCAST CORP 2023-01 PURCHASE 2024-03   9,072 9,048     24  
COSTCO WHOLESALE CORP 2020-08 PURCHASE 2024-01   34,921 18,363     16,558  
CHEVRON CORP 2022-08 PURCHASE 2024-05   5,557 5,825     -268  
CONOCOPHILLIPS 2021-06 PURCHASE 2024-01   1,727 877     850  
DEERE CO 2023-04 PURCHASE 2024-05   6,670 7,293     -623  
D R HORTON INC 2023-02 PURCHASE 2024-05   868 598     270  
EXXON MOBILE CORP 2023-01 PURCHASE 2024-05   11,983 11,565     418  
EATON CORPORATION 2023-01 PURCHASE 2024-03   13,077 6,624     6,453  
EMERSON ELECTRIC 2023-01 PURCHASE 2024-05   6,915 5,692     1,223  
GENERAL DYNAMICS 2023-01 PURCHASE 2024-03   838 696     142  
HONEYWELL INTL 2020-05 PURCHASE 2024-01   8,148 6,852     1,296  
HCA HEALTHCARE INC 2023-01 PURCHASE 2024-09   17,780 11,911     5,869  
HEWLETT PACKARD 2023-01 PURCHASE 2024-05   3,752 3,360     392  
HILTON WORLDWIDE 2022-11 PURCHASE 2024-01   2,390 1,689     701  
HOME DEPOT INC 2017-08 PURCHASE 2024-01   10,710 4,770     5,940  
INTERPUBLIC GROUP 2023-05 PURCHASE 2024-12   6,193 7,726     -1,533  
JPMORGAN CHASE 2021-01 PURCHASE 2024-01   16,503 11,378     5,125  
KRAFT HEINZ 2023-01 PURCHASE 2024-05   11,563 14,556     -2,993  
KENVUE INC 2023-08 PURCHASE 2024-10   11,927 12,746     -819  
KINDER MORGAN INC 2023-01 PURCHASE 2024-05   669 626     43  
ELI LILLY CO 2023-05 PURCHASE 2024-05   23,289 11,749     11,540  
MEDTRONIC PLC 2023-01 PURCHASE 2024-05   903 877     26  
MAGNA INTERNATIONAL 2023-01 PURCHASE 2024-03   17,651 25,145     -7,494  
MCDONALDS CORP 2022-11 PURCHASE 2024-03   17,126 18,096     -970  
MICROSOFT CORP 2019-02 PURCHASE 2024-05   24,180 6,397     17,783  
NVIDIA 2023-01 PURCHASE 2024-03   44,172 8,889     35,283  
O'REAILLY AUTOMOTIVE 2022-12 PURCHASE 2024-04   30,417 25,555     4,862  
PARKER HANNIFIN 2021-01 PURCHASE 2024-01   16,148 7,911     8,237  
PRINCIPAL FINANCIAL 2023-01 PURCHASE 2024-05   493 525     -32  
PALO ALTO NETWORKS 2022-11 PURCHASE 2024-01   2,931 1,298     1,633  
PEPSICO INC 2023-01 PURCHASE 2024-05   715 673     42  
PROCTOR & GAMBLE 2022-05 PURCHASE 2024-01   1,788 1,738     50  
PROGRESSIVE CORP 2022-06 PURCHASE 2024-01   23,670 13,018     10,652  
REALTY INCOME CORP 2023-01 PURCHASE 2024-03   2,843 3,599     -756  
SCHLUMBERGER LTD 2022-10 PURCHASE 2024-01   11,554 10,922     632  
SERVICENOW 2023-02 PURCHASE 2024-04   7,752 5,280     2,472  
SYNCHRONY FINANCIAL 2023-01 PURCHASE 2024-03   13,236 9,799     3,437  
WELLTOWER INC 2023-10 PURCHASE 2024-11   6,307 3,697     2,610  
TRUIST FINANCIAL 2023-01 PURCHASE 2024-05   5,658 3,871     1,787  
TEXAS INSTRUMENTS 2023-01 PURCHASE 2024-01   4,705 4,751     -46  
TESLA INC 2023-10 PURCHASE 2024-10   9,121 10,631     -1,510  
THERMO FISHER SCIENTIFIC 2022-11 PURCHASE 2024-05   19,206 19,837     -631  
TORONTO DOMINION BANK 2022-05 PURCHASE 2024-01   17,379 21,354     -3,975  
UNION PACIFIC CORP 2017-08 PURCHASE 2024-01   26,376 24,221     2,155  
VISA INC 2018-09 PURCHASE 2024-01   3,836 2,071     1,765  
VICI PROPERTIES 2023-01 PURCHASE 2024-03   10,741 12,457     -1,716  
ZOETIS INC 2022-11 PURCHASE 2024-01   19,515 16,075     3,440  
WALMART INC 2018-09 PURCHASE 2024-01   19,130 8,044     11,086  
WILLIAMS COMPANIES 2023-01 PURCHASE 2024-05   8,929 5,384     3,545  
VANGUARD LONG TERM TREASURY 2023-07 PURCHASE 2024-02   934 1,009     -75  
VANGUARD MORTGAGE BACKED SEC 2023-07 PURCHASE 2024-02   23,123 21,694     1,429  
TCW TOTAL RETURN BOND 2023-07 PURCHASE 2024-02   11,987 11,815     172  
VANGUARD LONG TERM TREASURY 2023-07 PURCHASE 2024-10   17,546 18,723     -1,177  
VANGUARD SCOTTSDALE FDS 2022-02 PURCHASE 2024-02   399 440     -41  
VANGAURD MORTGAGE BACKED SEC 2022-02 PURCHASE 2024-02   73,224 82,165     -8,941  
TCW TOTAL RETURN BOND 2022-02 PURCHASE 2024-02   154,481 186,225     -31,744  
PIMCO INVESTMENT GR BOND 2022-02 PURCHASE 2024-02   531 603     -72  
BRANDYWINE GLBL UNCON BD 2023-12 PURCHASE 2024-09   231 233     -2  
AQR MANAGED FUTURES STRAT 2022-02 PURCHASE 2024-09   1,258 1,187     71  
EATON VANCE GLOB MACRO 2022-06 PURCHASE 2024-09   1,595 1,468     127  
BRANDYWINE GLBL UNCON BD 2022-02 PURCHASE 2024-09   48,172 50,971     -2,799  
AMERICAN CENTURY SMALL CAP 2023-07 PURCHASE 2024-05   6,117 5,880     237  
ISHARES RS 2000 GROWTH 2021-05 PURCHASE 2024-02   2,088 2,276     -188  
ISHARES RS 2000 VALUE 2021-05 PURCHASE 2024-05   156 161     -5  
AMERICAN CENTURY SMALL CAP 2021-07 PURCHASE 2024-05   40,625 42,925     -2,300  
ALLSPRING SPEC SMALL CAP 2021-05 PURCHASE 2024-05   1,183 1,218     -35  
JPMORGAN SMALL CAP 2021-08 PURCHASE 2024-02   4,962 6,910     -1,948  
ALLSPRING SMALL COMPANY 2021-05 PURCHASE 2024-02   13,756 24,115     -10,359  
BRNADYWINE GLBL BOND 2023-12 PURCHASE 2024-09   231 233     -2  
AQR MANAGED FUTURES 2022-02 PURCHASE 2024-09   1,259 1,187     72  
EATON VANCE GLB MACRO 2022-06 PURCHASE 2024-09   1,595 1,468     127  
BRANDYWINE GLB BOND 2022-02 PURCHASE 2024-09   48,172 50,971     -2,799  
ANSYS INC 2024-03 PURCHASE 2024-06   19,567 20,830     -1,263  
CHOICE HOTELS INC 2024-03 PURCHASE 2024-11   4,021 3,406     615  
DOLBY LABORATORIES 2024-03 PURCHASE 2024-08   27,096 30,519     -3,423  
FAIR ISAAC CORP 2024-03 PURCHASE 2024-12   28,463 17,752     10,711  
TERADYNE INC 2024-03 PURCHASE 2024-10   11,029 10,953     76  
FIDELITY 500 INDEX 2024-02 PURCHASE 2024-03   67,998 65,907     2,091  
JPMORGAN BETABUILDERS EUROPE 2024-02 PURCHASE 2024-03   64,242 61,849     2,393  
JPMORGAN BETABUILDERS JAPAN 2023-06 PURCHASE 2024-05   32,949 29,412     3,537  
SIX CIRCLES US UNCON EQ 2023-06 PURCHASE 2024-03   143,146 116,414     26,732  
SIX CIRCLES INTL UNCON EQ 2023-12 PURCHASE 2024-05   68,819 62,309     6,510  
SIX CIRCLES CREDIT REPORT 2024-07 PURCHASE 2024-12   5,290 5,243     47  
VANGUARD MORTGAGE BACKED SEC 2023-07 PURCHASE 2024-01   14,204 14,046     158  
VANGUARD LONG TERM TREASURY 2024-01 PURCHASE 2024-12   237,377 236,945     432  
VANGUARD INT-TERM CORPORATE 2023-12 PURCHASE 2004-05   103,060 102,755     305  
FEDELITY 500 INDEX 2017-12 PURCHASE 2024-03   929,827 469,792     460,035  
ISHARES CORE MSCI EAFE 2018-10 PURCHASE 2024-12   362,367 297,038     65,329  
JPMORGAN BETABUILDERS EUROPE 2023-01 PURCHASE 2024-12   207,527 185,370     22,157  
JPMORGAN BETABUILDERS JAPAN 2020-06 PURCHASE 2024-05   40,384 32,830     7,554  
JPMORGAN BETABUILDERS CANADA 2019-04 PURCHASE 2024-05   20,589 15,143     5,446  
JPMORGAN BETABUILDERS DEVEL 2021-01 PURCHASE 2024-03   72,364 81,082     -8,718  
SIX CIRCLES INTL UNCON EQ 2021-04 PURCHASE 2024-05   116,233 106,486     9,747  
SIX CIRCLES US UNCON EQ 2021-04 PURCHASE 2024-03   193,536 171,666     21,870  
SIX CIRCLES GLOBAL BOND 2020-08 PURCHASE 2024-05   18,060 21,512     -3,452  
SIX CIRCLES CREDIT REPORT 2022-06 PURCHASE 2024-05   96,878 100,621     -3,743  
VANGUARD TTL BD MKT IDX 2018-01 PURCHASE 2024-02   211,759 239,068     -27,309  
VANGUARD TOTAL BOND MARKET 2022-08 PURCHASE 2024-01   84,454 88,300     -3,846  
VANGUARD TTL INTL BOND 2017-05 PURCHASE 2024-03   34,197 37,864     -3,667  
VANGUARD TOTL INTL BOND 2022-08 PURCHASE 2024-05   158,088 165,989     -7,901  
VANGUARD MORTGAGE BACKED SEC 2022-08 PURCHASE 2024-01   81,616 96,628     -15,012  
PMF FUND 2024-07 PURCHASE 2024-12     1     -1  
PMF FUND 2023-07 PURCHASE 2024-12     1,734     -1,734  
VINTAGE 2017 2023-07 PURCHASE 2024-12   40,700       40,700  
LANDMARK XVI 2023-07 PURCHASE 2024-12   5,171       5,171  
HPS MEZZANINE 2019 2023-07 PURCHASE 2024-12   29,671       29,671  
MEZZANINE III 2023-07 PURCHASE 2024-12   9,608       9,608  
BENEFIT STREET IV 2023-07 PURCHASE 2024-12     15,370     -15,370  
HIGHBRIDGE CONV DEBT 2023-07 PURCHASE 2024-12     6,934     -6,934  
DIAMETER DISLOCATION II 2023-07 PURCHASE 2024-12   16,717       16,717  
STARWOOD SOF XII 2023-07 PURCHASE 2024-12   2,674       2,674  
ASF IV PRIV INVEST 2023-07 PURCHASE 2024-12   34       34  
EQT INFRA VI 2023-07 PURCHASE 2024-12     418     -418  
DOVER STREET XI 2023-07 PURCHASE 2024-12   3,982       3,982  

TY 2024 InvestmentsOtherSchedule2
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JP MORGAN MANAGED ACCOUNT FMV 8,260,686 9,691,503
MERRILL LYNCH PIA ACCOUNT FMV 4,701,397 5,837,746
TRUIST MANAGED ACCOUNT FMV 6,566,339 9,320,144
VINTAGE 2015 PRIVATE EQUITY FMV 472,759 522,796
VINTAGE 2017 PRIVATE EQUITY FMV 308,216 388,366
HPS MEZZANINE PARTNERS FUND FMV 251,801 278,911
HPS MEZZANINE 2019 FMV 330,354 411,325
BENEFIT PARTNERS DEBT FUND FMV 414,524 392,790
LANDMARK PRIVATE EQUITY FMV 220,538 343,363
HIGHBRIDGE CONVERTABLE FUND FMV 95,363 47,366
STARWOOD DISTRESSED OP FUND FMV 331,444 396,705
HPS CORPORATE LENDING FMV 500,000 510,562
DIAMETER DISLOCATION FUND FMV 201,108 190,113
ASF PRIVATE EQUITY FUND FMV 25,317 40,308
IIF PRIVATE INVESTORS FMV 263,402 265,111
EQT INFRASTRUCTURE FUND FMV 50,039 64,519
ANTARES STRATEGIC CAPITAL FMV 250,000 253,482
DOVER STREET XI SECONDARY FMV 57,789 74,900

TY 2024 LandEtcSchedule2
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE BUILDING 75,007 72,766 2,241 54,625
FURNITURE AND EQUIPMENT       2,500


TY 2024 OtherAssetsSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
MISSISSIPPI MINERAL INTERESTS 329,225 329,225 761,000
OKLAHOMA MINERAL INTERESTS 5,000 5,000 180,000
MINERAL INTERESTS RESERVED 7 7 7


TY 2024 OtherDecreasesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Amount
EXCISE TAX 15,040


TY 2024 OtherExpensesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
DUES AND SUBSCRIPTIONS 830 830    
INSURANCE EXPENSE 3,480 3,480    
INVESTMENT ADVISORY EXPENSE 207,533 207,533    
OFFICE SUPPLIES AND EXPENSE 9,949 9,949    
OIL & GAS PRODUCTION TAX 22,267 22,267    
SOFTWARE 11,227     11,227


TY 2024 OtherIncomeSchedule2
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INC-VINTAGE 2015 16,497 16,497  
PARTNERSHIP INC-MEZZANINE 12,292 12,292  
PARTNERSHIP INC-VINTAGE 2017 8,584 8,584  
PARTNERSHIP INC-BENEFIT PTRS 34,100 34,100  
PARTNERSIP INC-MEZZANINE 2019 20,962 20,962  
PARTNERSHIP INC-LANDMARK -13,960 -13,960  
PARTNERSHIP INC-HIGHBRIDGE 902 902  
PARTNERSHIP INC-STARWOOD -5,346 -5,346  
PARTNERSHIP INC-HLEND 51,875 51,875  
PARTNERSHIP INC-DIAMETER DISL 10,162 10,162  
PARTNERSHIP INC- ASF IX PRIV -2,593 -2,593  
PARTNERSHIP INC- IIF FUND 16,678 16,678  
PARTNERSHIP INC-EQT INFRASTRU -5,593 -5,593  
PARTNERSHIP INC-ANTARES CAPIT 12,734 12,734  
PARTNERSHIP INC-DOVER STREET -5,254 -5,254  
ROYALTIES 367,020 367,020  
LEASE BONUS 12,159 12,159  


TY 2024 OtherLiabilitiesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Beginning of Year - Book Value End of Year - Book Value
EXCISE TAX PAYABLE -871 2,015


TY 2024 TaxesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN INCOME 5,746 5,746    
REAL AND PERSONAL PROPERTY        
STATE WITHHOLDING