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
Way Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

82-3325659
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$36,052,095J 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) 4,342,559
2 Check right arrow.............
3 Interest on savings and temporary cash investments 97,596 97,596  
4 Dividends and interest from securities... 692,749 692,749  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 192,835
b Gross sales price for all assets on line 6a 10,085,932
7 Capital gain net income (from Part IV, line 2)... 192,835
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,874 30,874  
12 Total. Add lines 1 through 11........ 5,356,613 1,014,054  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
118,718 109,218   9,500
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,589 89    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
83,109 12,696   70,413
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 221,416 122,003   79,913
25 Contributions, gifts, grants paid....... 1,500,000 1,500,000
26 Total expenses and disbursements. Add lines 24 and 25 1,721,416 122,003   1,579,913
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,635,197
b Net investment income (if negative, enter -0-) 892,051
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.............      
2 Savings and temporary cash investments......... 1,873,542 1,015,974 1,015,974
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   1,061    
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,392,981    
b Investments—corporate stock (attach schedule)....... 17,199,988 Click to see attachment
List of Attached Documents:
// Content
20,845,150 		27,639,974
c Investments—corporate bonds (attach schedule)....... 2,187,471 Click to see attachment
List of Attached Documents:
// Content
1,539,000 		1,573,726
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).......... 2,154,961 Click to see attachment
List of Attached Documents:
// Content
5,045,077 		5,822,421
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,810,004 28,445,201 36,052,095
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 24,810,004 28,445,201
29 Total net assets or fund balances (see instructions)..... 24,810,004 28,445,201
30 Total liabilities and net assets/fund balances (see instructions). 24,810,004 28,445,201
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
24,810,004
2
Enter amount from Part I, line 27a .....................
2
3,635,197
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
28,445,201
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
28,445,201
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
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 10,085,932   9,895,922 190,010
b       2,825
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       190,010
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 2 192,835
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 12,400
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 12,400
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 12,400
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 7,264
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,700
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,964
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 2,564
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow2,564 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 arrowPA
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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Ann Adornetto Dir, VP, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Michael Adornetto Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Susan Rupp Member-at-Large
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Amy Yelland Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Steven Yelland Dir, Pres, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
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
THE CWS GROUP Investment Mgmt 109,218
1201 WILLS STREET STE 700
BALTIMORE,MD21231
Foundation Source Administrative 69,079
55 Walls Drive Suite 302
Fairfield,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
29,038,867
b
Average of monthly cash balances.......................
1b
2,614,123
c
Fair market value of all other assets (see instructions)................
1c
5,269,076
d
Total (add lines 1a, b, and c).........................
1d
36,922,066
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
0
3
Subtract line 2 from line 1d.........................
3
36,922,066
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
553,831
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
36,368,235
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,818,412
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
1,818,412
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
12,400
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,400
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,806,012
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,806,012
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
1,806,012
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
1,579,913
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
1,579,913
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 1,806,012
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021...... 920,144
d From 2022...... 43,608
e From 2023......  
f Total of lines 3a through e ........ 963,752
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,579,913
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..... 1,579,913
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 226,099 226,099
(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 5 737,653
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 ...... 		737,653
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021.... 694,045
c Excess from 2022.... 43,608
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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.
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:
STEVE YELLAND
1030 WILSON AVE
HANOVER,PA17331
(610) 927-4550
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD BE SUBMITTED IN THE FORM OF A LETTER AND SHOULD CONTAIN A SPECIFIC PROPOSAL. PLEASE VISIT HTTPS://WWW.WAYFOUNDATIONFAMILY.ORG/
cAny submission deadlines:
APPLICATIONS ARE ACCEPTED AT ANY TIME. PLEASE VISIT HTTPS://WWW.WAYFOUNDATIONFAMILY.ORG/
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS ARE MADE TO THOSE PUBLIC CHARITIES AND PRIVATE OPERATING FOUNDATIONS DETERMINED FROM TIME TO TIME BY THE BOARD OF DIRECTORS TO BE MOST DESERVING OF THE FINANCIAL SUPPORT
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

ACCOUNTABILITY FOR LIFE

755 VOGELSONG RD
YORK,PA17404 		N/A PC AFL Expansion Project (Leadership Development Program Implementation and Program Expansion) 50,000

BOY SCOUTS OF AMERICA

400 TUCKAHOE RD
DILLSBURG,PA17019 		N/A PC Battlefield Friends of Scouting Luncheon 15,000

CAL RIPKEN SR FOUNDATION INC

1427 CLARKVIEW RD STE 100
BALTIMORE,MD21209 		N/A PC Cal Ripken, Sr. Foundation STEM Centers & Community Enhancement Project 272,500

CHASING THE RAINBOWS

765 E MAIN ST
DALLASTOWN,PA17313 		N/A PC Operating Expenses to continue expanding services to meet community needs 25,000

FOOD FIX CAMPAIGN INC

1899 L ST NW SUITE 550
CHICAGO,IL60603 		N/A PC General & Unrestricted 125,000

FOR THE LOVE OF A VETERAN INC

PO BOX 1238
HANOVER,PA17331 		N/A PC Helping Heroes Heal 65,000

GERSTELL ACADEMY INC

2500 OLD WESTMINSTER PIKE
FINKSBURG,MD21048 		N/A PC Gerstell Academy Electronic Sign 40,000

HANOVER AREA HISTORICAL SOCIETY

PO BOX 305
HANOVER,PA17331 		N/A PC HAHS NEW SPACE FOR FACILITIES 25,000

HANOVER PUBLIC LIBRARY ASSOCIATION INC

2 LIBRARY PL
HANOVER,PA17331 		N/A PC Making the Library More Accessible Fund 41,000

HOUSE OF HOPE YORK PA

23 N PLEASANT AVE
YORK,PA17407 		N/A PC Community Counseling Funding 10,000

MOUNTAIN TRAILS FOUNDATION INC

PO BOX 754
PARK CITY,UT84060 		N/A PC General & Unrestricted 10,000

MT WASHINGTON PEDIATRIC HOSPITAL INC

1708 W ROGERS AVE
BALTIMORE,MD21209 		N/A PC Rehabilitation Services for Medically Fragile Children in need 25,000

NATIONAL INTERSCHOLASTIC CYCLING ASSOCIATION

21 ORINDA WAY STE C-368
ORINDA,CA94563 		N/A PC Try-it-out startup and ongoing operations 50,500

NEW LIFE CENTER FOR CHILDREN AND MOTHERS INC

PO BOX 157
GLEN ROCK,PA17327 		N/A PC Summer Youth Program 8,000

ORCHARD FRIENDS SCHOOL A NEW JERSEY NONPROFIT CORP

405 LINDEN AVE
RIVERTON,NJ08077 		N/A PC Communication is Connection 70,000

PALLET FOUNDATION

225 REINEKERS LN STE 560
ALEXANDRIA,VA22314 		N/A PC Environmental Research, Industry Growth, and Workforce development 30,000

ROCHESTER INSTITUTE OF TECHNOLOGY

PO BOX 92765
ROCHESTER,NY14692 		N/A PC Workplace Professionalism & Leader to Leader Program 30,000

RODALE INSTITUTE

611 SIEGFRIEDALE RD
KUTZTOWN,PA19530 		N/A PC Rodale Institute Education Department 50,000

SEMPER FIDO

131 KENILWORTH RD
MARLTON,NJ08053 		N/A PC General & Unrestricted 25,000

SHINING STARS THERAPEUTIC RIDING PROGRAM INC

3175 OLD HARRISBURG RD
GETTYSBURG,PA17325 		N/A PC Capital Campaign 100,000

SUMMIT GROVE CHRISTIAN CONFERENCE CENTER INC

140 S FRONT ST
NEW FREEDOM,PA17349 		N/A PC continued youth development mentorship for summer camp staff and a pool cover 8,000

THE CHILDRENS HOSPITAL OF PHILADELPHIA

34TH ST CIVIC CENTER BLVD
PHILADELPHIA,PA19104 		N/A PC CHOP's Center for Microbial Medicine Food and Medicine Program 15,000

THE COLLEGE SETTLEMENT OF PHILADELPHIA

600 WITMER RD
HORSHAM,PA19044 		N/A PC College Settlement's Summer Camper Fund and Nutrition Program 57,000

TRAINING LEADERS THROUGH ATHLETICS INC

303 DEGUY AVE
HANOVER,PA17331 		N/A PC Everyday Champions - Community Leadership Development center 67,500

UNITED WAY OF YORK COUNTY

140 E MARKET ST
YORK,PA17401 		N/A PC UWYC Seedlings Childcare Scholarship Program - Hanover, PA Childcare Partner(s) 5,000

UNIVERSITY OF DELAWARE

83 EAST MAIN ST 3RD FL
NEWARK,DE19716 		N/A PC Regenerative Agriculture & UD Fresh to you farm 52,500

UNIVERSITY OF DELAWARE

83 EAST MAIN ST 3RD FL
NEWARK,DE19716 		N/A PC Student Athlete Success 20,000

YOUNG WOMENS CHRISTIAN ASSOCIATION

23 W CHESTNUT ST
HANOVER,PA17331 		N/A PC YWCA Hanover Capital Campaign 200,000

YOUTH FOR UNDERSTANDING USA INC

3995 FASHION SQ BLVD
SAGINAW,MI48603 		N/A PC WAY Foundation and YFU - A Force for Global Good 8,000
Total .................................right arrow 3a 1,500,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 97,596  
4 Dividends and interest from securities ....     14 692,749  
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 ............ 		    18 192,835  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		    14 30,874  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,014,054  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,014,054
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
Way Foundation Inc
 
Employer identification number

82-3325659
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
Way Foundation Inc
  		Employer identification number
82-3325659
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
SALLY W YELLAND FAMILY CLAT
1801 MARKET STREET STE 2300
 
Philadelphia, PA19103

$ 4,342,559


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
Way Foundation Inc
  		Employer identification number

82-3325659
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
Way Foundation Inc
  		Employer identification number

82-3325659
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

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TY 2024 DepreciationSchedule
Name:
Way Foundation Inc
EIN:
82-3325659
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

TY 2024 GeneralExplanationAttachment
Name:
Way Foundation Inc
EIN:
82-3325659
Identifier Return Reference Explanation
Form 926 Form 926 The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

TY 2024 InvestmentsCorpBondsSchedule
Name:
Way Foundation Inc
EIN:
82-3325659
Name of Bond End of Year Book Value End of Year Fair Market Value
BANK NOVA SCOTIA B C SER A NOT 100,000 101,810
BCS DUAL DIRECTIONAL TRIGGER P 112,000 110,667
BCS DUAL DIRECTIONAL TRIGGER P 116,000 116,001
BCS DUAL DIRECTIONAL TRIGGER P 100,000 104,000
CITI DUAL DIRECTIONAL TRIGGER 111,000 103,818
CITI DUAL DIRECTIONAL TRIGGER 100,000 91,990
CITIGROUP GLOBAL MKTS HLDGS IN 100,000 108,410
CITIGROUP GLOBAL MKTS HLDGS IN 100,000 98,430
CITY DUAL DIRECTIONAL TRIGGER 100,000 97,470
GS DUAL DIRECT TRIGGER - 0.000 100,000 107,640
GS FIN CORP SER F - 0.000% - 0 100,000 112,170
JPM CHASE FINL CO - 0.000% - 0 100,000 113,630
JPMORGAN CHASE FINL CO LLC SER 100,000 104,190
UBS AG LONDON BRANCHSER A MTN 100,000 104,880
UBS DUAL DIRECTIONAL TRIGGER P 100,000 98,620

TY 2024 InvestmentsCorpStockSchedule
Name:
Way Foundation Inc
EIN:
82-3325659
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 89,942 90,375
ABBVIE INC 114,538 148,202
ACCENTURE PLC 104,277 116,091
AGILENT TECHNOLOGIES INC 44,929 45,676
AIRBNB 93,748 79,897
ALBANY INTERNATIONAL CORP 42,780 38,066
ALLEGION PLC 76,496 94,220
ALPHABET INC CL A 66,906 130,617
AMAZON COM 170,098 259,538
AMEREN CORPORATION 35,515 41,272
AMERICAN ELECTRIC POWER INC 37,700 41,042
ANALOG DEVICES INC 87,747 108,992
ARES MANAGEMENT CORPORATION 66,985 80,903
ARMSTRONG WORLD INDU 48,867 82,678
ARTISAN INTERNATIONAL VALUE FU 1,300,704 1,279,622
ASPEN TECHNOLOGY INC COM 75,068 118,824
AT&T, INC 72,796 105,630
AUTOMATIC DATA PROCESSING INC 79,921 100,699
AVALONBAY CMNTYS INC 29,208 34,095
AVERY DENNISON CORP 28,770 30,502
AZENTA INC 49,817 53,100
BADGER METER, INC 23,239 29,273
BANK NEW YORK MELLON CORP COM 61,923 90,506
BANK OF AMERICA CORP 110,271 142,002
BANK OF HAWAII CORP 43,866 58,702
BECTON DICKINSON & CO 35,372 33,577
BENTLEY SYSTEMS INC CL B 123,939 143,976
BERKLEY W R CP 71,762 134,069
BJ'S WHLSL CLUB INC 70,604 83,900
BLACKROCK INC 64,484 95,335
BOOZ ALLEN HAMILTON HOLDING CO 23,478 26,641
BRANDYWINEGLOBAL HIGH YIELD FU 953,616 1,000,128
BRIGHT HORIZONS FAMILY SOLUTIO 101,368 87,682
BRISTOL-MYERS SQUIBB CO 82,793 84,331
BROADCOM INC 69,725 167,388
CADENCE DESIGN SYSTEMS INC 54,632 89,838
CARRIER GLOBAL 29,652 29,147
CHARLES RIV LABORATORIES INTL 76,877 89,346
CHEESECAKE FACTORY INC 54,134 71,872
CHEMED CORP 69,077 77,351
CHEVRON CORP 121,192 134,267
CHIPOTLE MEX GRILL 35,777 66,993
CHOICE HOTELS INTERNATIONAL IN 137,303 162,993
CHUBB LIMITED 77,943 115,493
CISCO SYSTEMS INC 112,384 140,363
CME GROUP, INC 76,426 88,015
CMS ENERGY CP 22,783 25,860
COLUMBIA EM CORE EX-CHINA ETF 816,339 799,881
COMCAST CORP 133,467 121,485
CONOCOPHILLIPS 36,932 40,957
CONSTRUCTION PARTNERS INC 54,249 120,129
COOPER COMPANIES INC 118,531 136,424
CSW INDUSTRIALS INC 31,873 41,630
CSX CORP 35,107 34,368
CUMMINS INC 26,980 39,043
DANAHER CORP 82,711 92,509
DATADOG INC 41,385 47,011
DTE ENERGY CO COM 16,784 19,199
DYNATRACE 62,613 73,536
EBAY INC 32,587 37,480
ECOLAB INC 46,222 51,316
ENTERGY CORP 49,412 69,754
EOG RESOURCES INC 53,603 68,154
EQUIFAX INC 78,472 119,015
EVERTEC INC 62,999 59,944
EXPONENT, INC 74,272 72,884
EXXON MOBIL CORP 127,468 149,522
FAIR ISSAC & CO INC 25,072 62,244
FIRST FINANCIAL BANKSHARES, IN 52,743 62,799
FORTIVE CORPORATION 37,554 37,425
FULLER H B CO 59,858 56,278
GALLAGHER ARTHUR J & CO 87,265 100,767
GENERAL ELECTRIC CO 53,426 49,537
GENERAL MILLS INC 56,132 53,248
GENUINE PARTS COMPANY 35,658 27,555
GETTY RLTY HLDG CO 62,924 58,241
HENRY JACK & ASSOC INC 127,637 136,559
HILLMAN SOLUTIONS ORD SHS 63,133 68,823
HOME DEPOT INC 128,281 161,431
HONEYWELL INTL 115,284 126,724
HOULIHAN LOKEY INC 81,589 131,113
ILLINOIS TOOL WORKS 66,361 67,447
INTERACTIVE BROKERS GROUP, INC 68,835 170,663
INTERNATIONAL BUSINESS MACHINE 74,673 111,674
INTUIT 100,243 145,812
INTUITIVE SURGICAL 50,283 54,806
ISHARES DJ US TECH ETF 489,812 1,001,786
ISHARES INC ISHARES MSCI EM ES 812,842 855,352
ISHARES MSCI KLD 400 SOCIAL IN 447,505 779,578
ISHARES S&P NORTH AMERICA TECH 489,368 947,089
ISHARES TRUST ISHARES MSCI EAF 1,200,118 1,237,960
ISHARES TRUST MSCI EAFE INDEX 944,097 1,009,091
JBT MAREL CORPORATION 56,288 70,541
JOHNSON & JOHNSON 168,187 160,673
JP MORGAN CHASE 172,934 290,768
KKR & CO INC 96,970 150,129
KLA TENCOR CORP 117,821 119,723
LAKELAND FINANCIAL CORPORATION 14,254 16,502
LAM RESEARCH CORP 61,823 57,495
LANDSTAR SYSTEM 64,022 59,635
LCI INDUSTRIES 28,079 24,782
LENNOX INTL INC 85,119 188,883
LINDE PLC COM 65,134 78,291
LOCKHEED MARTIN CORP 50,782 64,144
LPL FINANCIAL HOLDINGS INC 75,106 157,378
MARSH AND MCLENNAN COMPANIES I 90,048 118,737
MARVELL TECHNOLOGY, INC 67,899 142,922
MCDONALD'S CORP 99,981 114,507
MEDTRONIC PLC 57,347 53,360
MERCK & CO INC 79,423 72,521
MICROSOFT CORP 275,046 457,328
MONDELEZ INTERNATIONAL INC 82,441 73,587
MONOLITHIC POWER SYSTEMS, INC 55,394 71,004
MORGAN STANLEY 75,307 102,210
MORGAN STANLEY FIN LLC NT SX5E 625,000 1,415,126
MORGAN STANLEY FIN LLC NT SX5E 999,999 2,260,901
MSCI INC 48,215 66,001
NATIONAL BEVERAGE CORP 56,594 47,705
NEXTERA ENERGY, INC 25,880 29,536
NORDSON CP 82,915 105,666
NORTHROP GRUMMAN CORP 72,507 81,656
NVIDIA CORP 50,996 264,551
OLLIES BARGAIN OUTLET HOLDINGS 72,646 84,492
PACKAGING CORP AMER 30,831 42,099
PARKER HANNIFIN CP 69,491 116,393
PEPSICO INC 49,052 46,682
PNC FINANCIAL GROUP INC 70,202 91,604
POOL CORP 89,860 128,875
PPG INDUSTRIES INC 54,675 45,630
PRESTIGE BRAND HLGS 42,451 40,294
PRIMERICA, INC 62,598 83,055
PROCTER GAMBLE CO 120,088 145,856
PROGRESSIVE CORP OHIO 103,047 119,565
PROLOGIS 34,851 30,125
PUBLIC STORAGE INC 26,383 27,851
PUBLIC SVC ENTERPRISE GROUP IN 27,599 34,810
QUALCOMM INC 34,957 31,646
RBC BEARINGS INCORPORATED 63,204 80,170
RLI CORP 50,956 61,646
ROLLINS INC 77,244 109,757
SAIA, INC 66,722 96,159
SCOTTS CO. CLASS A 140,850 102,694
SERVICE NOW 75,422 144,176
SITEONE LANDSCAPE SUPPLY INC 106,932 122,678
SOUTHERN CO 61,610 72,359
STARWOOD REAL ESTATE INCOME TR 4,364 4,431
TELEDYNE TECH INC 88,007 91,898
TERADYNE INC 60,056 90,788
TEXAS INSTRUMENTS INC 42,988 53,628
THE BLACKSTONE GROUP INC CL A 17,455 37,760
THE COCA-COLA CO 82,269 86,666
THE TRADE DESK INC 24,177 21,978
THERMO FISHER SCIENTIFIC INC 49,081 57,746
THOR INDS INC 94,680 121,360
TJX COMPANIES INC 58,861 72,003
TRANE TECHNOLOGIES PLC 45,240 79,410
UBER 66,765 80,708
UNIFIRST CP 51,776 51,327
UNION PACIFIC 80,379 84,375
UNITEDHEALTH GROUP INC 173,847 174,522
UNIVERSAL DISPLAY CORP 119,155 77,778
VALERO ENERGY CORP 59,821 65,463
VERALTO CORPORATION 49,725 63,453
VERISK ANALYTICS, INC 50,083 66,929
VISA INC 156,510 222,176
WAL-MART STORES INC 115,433 201,029
WALT DISNEY HOLDINGS CO 76,110 77,166
WASTE MANAGEMENT INC 50,044 65,985
WATSCO INC 171,649 227,941
WD-40 COMPANY 52,486 59,699
WEC ENERGY GROUP, INC 32,172 34,701
WELLS FARGO & CO 83,962 124,325
WEST PHARMA SVCS INC 76,179 86,476
WORKDAY INC 73,046 71,732
ZEBRA TECHNOLOGIES CORP 78,691 134,018
ZURN WATER SOLUTIONS 92,826 120,293

TY 2024 InvestmentsOtherSchedule2
Name:
Way Foundation Inc
EIN:
82-3325659
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARES INDUSTRIAL REIT   1,078,482 1,311,032
BLACKSTONE PRIVATE EQUITY STRA   1,015,328 1,088,882
BLACKSTONE REAL ESTATE INCOME   649,842 763,246
GRAHAM ABSOLUTE RETURN LTD. CL   1,295,750 1,589,720
KKR PRIVATE EQUITY CONGLOMERAT   1,005,675 1,069,541

TY 2024 OtherExpensesSchedule
Name:
Way Foundation Inc
EIN:
82-3325659
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 69,079     69,079
K-1 Exp BLACKSTONE PRIVATE EQU 5,500 5,500    
K-1 Exp KKR PRIVATE EQUITY CON 7,196 7,196    
Office Supplies 1,334     1,334


TY 2024 OtherIncomeSchedule2
Name:
Way Foundation Inc
EIN:
82-3325659
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss BLACKSTONE PRIVATE EQUITY STRATEGIES 20,828 20,828  
K-1 Inc/Loss KKR PRIVATE EQUITY CONGLOMERATE 10,046 10,046  


TY 2024 OtherProfessionalFeesSchedule
Name:
Way Foundation Inc
EIN:
82-3325659
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 109,218 109,218    
VIDEO PRODUCTION SERVICES 9,500     9,500


TY 2024 ReasonableCauseExplanation
Name:
Way Foundation Inc
EIN:
82-3325659
Explanation:
We respectfully request that Way Foundation Inc.'s quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $26 penalty indicated on Form 2220 be abated because the underpayment in Q3&4 were due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payment for Q3&4 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed.

TY 2024 TaxesSchedule
Name:
Way Foundation Inc
EIN:
82-3325659
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 7,000      
990-PF Extension for 2023 12,500      
Foreign Tax Paid 89 89