Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025
Name of foundation
CHARLOTTE'S WEB
C/O CBIZ ADVISORS LLC
Number and street (or P.O. box number if mail is not delivered to street address)53 STATE STREET FLOOR 17
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02109
A Employer identification number

52-2007855
B Telephone number (see instructions)

(617) 807-5000
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$3,294,672J 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) 6,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 31,574 31,574  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 97,191
b Gross sales price for all assets on line 6a 374,221
7 Capital gain net income (from Part IV, line 2)... 97,191
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
15,000 15,000  
12 Total. Add lines 1 through 11........ 150,265 143,765  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,500 3,250   3,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
7,623 3,312   3,311
17 Interest............... 7 4   3
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
16,280 44   0
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
191 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 30,601 6,610   6,564
25 Contributions, gifts, grants paid....... 160,600 160,600
26 Total expenses and disbursements. Add lines 24 and 25 191,201 6,610   167,164
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -40,936
b Net investment income (if negative, enter -0-) 137,155
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............. 91,522 23,767 23,767
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,291,379 Click to see attachment
List of Attached Documents:
// Content
1,297,691 		3,100,079
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).......... 120,107 Click to see attachment
List of Attached Documents:
// Content
134,938 		170,826
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) 1,503,008 1,456,396 3,294,672
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) Click to see attachment
List of Attached Documents:
// Content
5,225 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 5,225 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,497,783 1,456,396
29 Total net assets or fund balances (see instructions)..... 1,497,783 1,456,396
30 Total liabilities and net assets/fund balances (see instructions). 1,503,008 1,456,396
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
1,497,783
2
Enter amount from Part I, line 27a .....................
2
-40,936
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,456,847
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
451
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,456,396
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 CHIPOTLE MEXICAN GRILL INC CL A P 2024-06-14 2024-07-02
b CHIPOTLE MEXICAN GRILL INC CL A P 2024-06-14 2024-07-03
c ACCENTURE PLC IRELAND CL A P 2024-06-14 2024-07-19
d ACCENTURE PLC IRELAND CL A P 2024-06-14 2024-07-22
e EXXON MOBIL CORP P 2024-06-14 2024-07-19
UNITED PARCEL SERVICE INC CL B P 2024-06-14 2024-07-25
UNITED PARCEL SERVICE INC CL B P 2024-06-14 2024-07-26
UNITED PARCEL SERVICE INC CL B P 2024-06-14 2024-07-29
APPLE INC P 2024-06-14 2024-08-06
APPLIED MATERIALS INC P 2024-06-14 2024-08-14
APPLIED MATERIALS INC P 2024-06-14 2024-08-15
COCA COLA CO COM P 2024-06-14 2024-08-14
O REILLY AUTOMOTIVE INC P 2024-06-14 2024-08-06
HONEYWELL INTL INC P 2024-06-14 2024-08-12
HONEYWELL INTL INC P 2024-06-14 2024-08-13
HONEYWELL INTL INC P 2024-06-14 2024-08-14
MARSH & MCLENNAN COS INC P 2024-06-14 2024-08-12
MARSH & MCLENNAN COS INC P 2024-06-14 2024-08-13
MARSH & MCLENNAN COS INC P 2024-06-14 2024-08-20
UNION PACIFIC CORP P 2024-06-14 2024-08-12
UNION PACIFIC CORP P 2024-06-14 2024-08-13
UNION PACIFIC CORP P 2024-06-14 2024-08-14
AMERIPRISE FINANCIAL INC P 2024-06-14 2024-09-23
BROADCOM INC P 2024-06-14 2024-09-27
PARKER HANNIFIN CORP P 2024-06-14 2024-09-23
PARKER HANNIFIN CORP P 2024-06-14 2024-09-24
PARKER HANNIFIN CORP P 2024-06-14 2024-09-27
PROGRESSIVE CORP OHIO P 2024-06-14 2024-09-27
SHERWIN WILLIAMS CO P 2024-06-14 2024-09-27
UNION PACIFIC CORP P 2024-06-14 2024-09-27
UNITEDHEALTH GROUP INC P 2024-06-14 2024-09-27
ACCENTURE PLC IRELAND CL A P 2024-06-14 2024-09-17
ACCENTURE PLC IRELAND CL A P 2024-06-14 2024-09-18
ANALOG DEVICES INC P 2024-06-14 2024-09-17
ANALOG DEVICES INC P 2024-06-14 2024-09-18
LINDE PLC NEW EUR P 2024-06-14 2024-09-17
LINDE PLC NEW EUR P 2024-06-14 2024-09-18
ORACLE CORP P 2024-06-14 2024-09-17
BROADCOM INC P 2024-06-14 2024-09-30
PARKER HANNIFIN CORP P 2024-06-14 2024-09-30
PROGRESSIVE CORP OHIO P 2024-06-14 2024-09-30
SHERWIN WILLIAMS CO P 2024-06-14 2024-09-30
UNION PACIFIC CORP P 2024-06-14 2024-09-30
UNITEDHEALTH GROUP INC P 2024-06-14 2024-09-30
VECTOR GROUP LTD P 2023-12-15 2024-10-09
VECTOR GROUP LTD P 2024-03-14 2024-10-09
VECTOR GROUP LTD P 2024-06-14 2024-10-09
VECTOR GROUP LTD P 2024-09-12 2024-10-09
BLACKROCK INC P 2024-06-14 2024-10-24
BLACKROCK INC P 2024-06-14 2024-10-25
BROADCOM INC P 2024-06-14 2024-10-11
BROADCOM INC P 2024-06-14 2024-10-14
BROADCOM INC P 2024-06-14 2024-10-15
JPMORGAN CHASE & CO P 2024-06-14 2024-10-24
MORGAN STANLEY P 2024-06-14 2024-10-11
MORGAN STANLEY P 2024-06-14 2024-10-14
MORGAN STANLEY P 2024-06-14 2024-10-15
MORGAN STANLEY P 2024-06-14 2024-10-24
MORGAN STANLEY P 2024-06-14 2024-10-25
ORACLE CORP P 2024-06-14 2024-10-21
ORACLE CORP P 2024-06-14 2024-10-22
TAIWAN SEMICONDUCTOR MFG CO LTD ADR P 2024-06-14 2024-10-21
INTUIT P 2024-06-14 2024-11-12
INTUIT P 2024-06-14 2024-11-13
PARKER HANNIFIN CORP P 2024-06-14 2024-11-13
MORGAN STANLEY P 2024-06-14 2024-11-22
MORGAN STANLEY P 2024-06-14 2024-11-25
ORACLE CORP P 2024-06-14 2024-11-22
ORACLE CORP P 2024-06-14 2024-11-25
ALPHABET INC CL A P 2024-06-14 2024-12-05
APPLE INC P 2024-06-14 2024-12-05
DANAHER CORP P 2024-06-14 2024-12-05
DANAHER CORP P 2024-06-14 2024-12-06
ADOBE INC. (DELAWARE) P 2024-06-14 2025-01-15
ADOBE INC. (DELAWARE) P 2024-06-14 2025-01-16
ALPHABET INC CL A P 2024-06-14 2025-01-15
ASML HLDG NV SPON ADR P 2024-06-14 2025-01-15
BROADCOM INC P 2024-06-14 2025-01-15
BROADCOM INC P 2024-06-14 2025-01-08
TAIWAN SEMICONDUCTOR MFG CO LTD ADR P 2024-06-14 2025-01-08
ADOBE INC. (DELAWARE) P 2024-06-14 2025-02-13
ADOBE INC. (DELAWARE) P 2024-06-14 2025-02-14
ADOBE INC. (DELAWARE) P 2024-06-21 2025-02-14
ADVANCED MICRO DEVICES INC P 2024-06-14 2025-02-13
META PLATFORMS INC CL A P 2024-06-14 2025-02-13
MICROSOFT CORP P 2024-06-14 2025-02-13
ABBOTT LABS P 2024-06-14 2025-02-04
HOME DEPOT INC P 2024-06-14 2025-02-21
HOME DEPOT INC P 2024-06-14 2025-02-24
MICROSOFT CORP P 2024-06-14 2025-02-04
ADVANCED MICRO DEVICES INC P 2024-06-14 2025-03-18
ADVANCED MICRO DEVICES INC P 2024-06-14 2025-03-19
PROGRESSIVE CORP OHIO P 2024-06-14 2025-03-18
PROGRESSIVE CORP OHIO P 2024-06-14 2025-03-19
SHERWIN WILLIAMS CO P 2024-06-14 2025-03-18
SHERWIN WILLIAMS CO P 2024-06-14 2025-03-19
AUTOMATIC DATA PROCESSING INC P 2024-06-14 2025-03-13
AUTOMATIC DATA PROCESSING INC P 2024-06-14 2025-03-14
CHUBB LTD CHF P 2024-06-14 2025-03-13
HOME DEPOT INC P 2024-06-14 2025-03-13
PROLOGIS INC COM P 2024-06-14 2025-03-13
PROLOGIS INC COM P 2024-06-14 2025-03-14
UNION PACIFIC CORP P 2024-06-14 2025-03-13
UNION PACIFIC CORP P 2024-06-14 2025-03-14
AUTOMATIC DATA PROCESSING INC P 2024-06-14 2025-04-15
COCA COLA CO COM P 2024-06-14 2025-04-15
COCA COLA CO COM P 2024-06-14 2025-04-16
MARSH & MCLENNAN COS INC P 2024-06-14 2025-04-15
MARSH & MCLENNAN COS INC P 2024-06-14 2025-04-16
MCDONALDS CORP P 2024-06-14 2025-04-15
MCDONALDS CORP P 2024-06-14 2025-04-16
REPUBLIC SERVICES INC P 2024-06-14 2025-04-15
TJX COS INC NEW P 2024-06-14 2025-04-15
TJX COS INC NEW P 2024-06-14 2025-04-16
MICROSOFT CORP P 2024-06-14 2025-05-02
THERMO FISHER SCIENTIFIC INC P 2024-06-14 2025-05-02
THERMO FISHER SCIENTIFIC INC P 2024-06-14 2025-05-05
TJX COS INC NEW P 2024-06-14 2025-05-02
TJX COS INC NEW P 2024-06-14 2025-05-05
UNITEDHEALTH GROUP INC P 2024-06-14 2025-05-14
BROADCOM INC P 2024-06-14 2025-05-27
UNITEDHEALTH GROUP INC P 2024-06-14 2025-05-15
UNITEDHEALTH GROUP INC P 2025-03-13 2025-05-15
UNITEDHEALTH GROUP INC P 2025-03-14 2025-05-15
ORACLE CORP P 2024-09-27 2025-06-25
JOHNSON & JOHNSON COM P 2024-06-14 2025-06-04
KLA CORP P 2024-11-22 2025-06-27
KLA CORP P 2024-11-25 2025-06-27
PHILLIPS 66 P 2024-06-14 2025-06-04
PHILLIPS 66 P 2024-06-14 2025-06-05
PHILLIPS 66 P 2024-06-14 2025-06-06
PHILLIPS 66 P 2024-06-21 2025-06-17
PHILLIPS 66 P 2024-06-21 2025-06-18
VECTOR GROUP LTD P 2007-05-17 2024-10-09
VECTOR GROUP LTD P 2016-03-30 2024-10-09
VECTOR GROUP LTD P 2016-06-29 2024-10-09
VECTOR GROUP LTD P 2016-09-29 2024-10-09
VECTOR GROUP LTD P 2016-12-29 2024-10-09
VECTOR GROUP LTD P 2017-03-30 2024-10-09
VECTOR GROUP LTD P 2017-06-29 2024-10-09
VECTOR GROUP LTD P 2017-09-28 2024-10-09
VECTOR GROUP LTD P 2017-12-28 2024-10-09
VECTOR GROUP LTD P 2018-03-29 2024-10-09
VECTOR GROUP LTD P 2018-06-29 2024-10-09
VECTOR GROUP LTD P 2018-09-27 2024-10-09
VECTOR GROUP LTD P 2018-12-28 2024-10-09
VECTOR GROUP LTD P 2019-03-28 2024-10-09
VECTOR GROUP LTD P 2019-06-27 2024-10-09
VECTOR GROUP LTD P 2019-09-27 2024-10-09
VECTOR GROUP LTD P 2019-12-30 2024-10-09
VECTOR GROUP LTD P 2020-03-30 2024-10-09
VECTOR GROUP LTD P 2020-06-29 2024-10-09
VECTOR GROUP LTD P 2020-09-29 2024-10-09
VECTOR GROUP LTD P 2020-12-30 2024-10-09
VECTOR GROUP LTD P 2021-03-30 2024-10-09
VECTOR GROUP LTD P 2021-06-29 2024-10-09
VECTOR GROUP LTD P 2021-09-29 2024-10-09
VECTOR GROUP LTD P 2021-12-20 2024-10-09
VECTOR GROUP LTD P 2022-03-30 2024-10-09
VECTOR GROUP LTD P 2022-06-29 2024-10-09
VECTOR GROUP LTD P 2022-09-29 2024-10-09
VECTOR GROUP LTD P 2022-12-20 2024-10-09
VECTOR GROUP LTD P 2023-03-30 2024-10-09
VECTOR GROUP LTD P 2023-06-29 2024-10-09
VECTOR GROUP LTD P 2023-09-15 2024-10-09
MORGAN STANLEY FINANCE P 2018-01-31 2025-02-05
AMAZON.COM INC P 2024-06-14 2025-06-25
META PLATFORMS INC CL A P 2024-06-14 2025-06-25
PROGRESSIVE CORP OHIO P 2024-06-14 2025-06-25
SALESFORCE, INC. P 2024-06-14 2025-06-25
ACCENTURE PLC IRELAND CL A P 2024-06-14 2025-06-27
ORACLE CORP P 2024-06-14 2025-06-16
ORACLE CORP P 2024-06-14 2025-06-17
PHILLIPS 66 P 2024-06-14 2025-06-16
PHILLIPS 66 P 2024-06-14 2025-06-17
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 858   858 0
b 866   907 -41
c 3,313   2,866 447
d 662   573 89
e 1,984   1,854 130
2,567   2,704 -137
3,226   3,379 -153
2,314   2,433 -119
1,444   1,493 -49
2,009   2,353 -344
2,094   2,353 -259
5,077   4,600 477
2,236   1,995 241
1,774   1,872 -98
1,179   1,248 -69
1,181   1,248 -67
869   836 33
434   418 16
446   418 28
944   887 57
473   443 30
478   443 35
462   423 39
348   341 7
1,240   998 242
622   499 123
634   499 135
502   413 89
766   591 175
490   440 50
581   495 86
1,028   860 168
1,004   860 144
1,124   1,162 -38
1,120   1,162 -42
945   873 72
934   873 61
2,182   1,801 381
515   511 4
627   499 128
505   413 92
761   591 170
491   440 51
583   495 88
1,380   1,066 314
1,485   1,087 398
1,560   1,106 454
1,140   1,133 7
986   768 218
978   768 210
1,625   1,556 69
915   865 50
527   519 8
2,014   1,747 267
1,105   954 151
781   668 113
676   572 104
1,544   1,240 304
588   477 111
1,217   970 247
875   693 182
2,014   1,731 283
1,402   1,195 207
709   598 111
707   499 208
1,347   954 393
672   477 195
2,118   1,524 594
2,082   1,524 558
1,912   1,943 -31
2,188   1,919 269
1,599   1,776 -177
919   1,015 -96
1,258   1,574 -316
425   525 -100
3,110   2,826 284
1,462   2,045 -583
3,875   2,895 980
4,132   3,112 1,020
3,114   2,596 518
1,839   2,098 -259
461   525 -64
1,381   1,593 -212
2,018   2,879 -861
2,173   1,510 663
1,228   1,328 -100
2,176   1,760 416
2,708   2,419 289
766   691 75
7,007   7,516 -509
1,660   2,559 -899
1,144   1,760 -616
1,138   826 312
544   413 131
1,010   887 123
1,000   887 113
1,166   970 196
1,167   970 197
2,013   1,821 192
1,746   1,728 18
447   447 0
670   670 0
1,174   1,109 65
710   665 45
1,496   1,213 283
1,583   1,379 204
506   439 67
1,408   1,253 155
464   418 46
1,253   1,012 241
620   506 114
735   565 170
1,419   1,195 224
634   543 91
1,743   1,770 -27
2,547   3,410 -863
844   1,137 -293
1,162   973 189
646   541 105
3,456   5,443 -1,987
3,518   2,594 924
7,139   13,399 -6,260
529   962 -433
529   974 -445
4,029   3,194 835
2,306   2,177 129
1,784   1,275 509
2,676   1,918 758
1,242   1,510 -268
674   824 -150
1,710   2,059 -349
625   690 -65
1,121   1,242 -121
42,301   9,013 33,288
729   535 194
766   546 220
764   576 188
781   627 154
868   632 236
851   668 183
860   695 165
843   746 97
943   768 175
1,042   799 243
1,370   819 551
2,126   893 1,233
1,969   931 1,038
2,331   969 1,362
1,875   1,003 872
1,815   1,092 723
1,335   562 773
1,245   573 672
1,305   581 724
1,110   594 516
945   605 340
960   608 352
1,065   619 446
855   626 229
1,305   940 365
1,350   964 386
1,665   981 684
1,320   1,001 319
1,260   1,013 247
1,200   1,031 169
1,470   1,054 416
66,348   37,500 28,848
4,045   3,478 567
2,130   1,510 620
2,091   1,653 438
2,149   1,861 288
2,360   2,293 67
1,905   1,247 658
1,470   970 500
1,607   1,785 -178
625   686 -61
14,790     14,790
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       0
b       -41
c       447
d       89
e       130
      -137
      -153
      -119
      -49
      -344
      -259
      477
      241
      -98
      -69
      -67
      33
      16
      28
      57
      30
      35
      39
      7
      242
      123
      135
      89
      175
      50
      86
      168
      144
      -38
      -42
      72
      61
      381
      4
      128
      92
      170
      51
      88
      314
      398
      454
      7
      218
      210
      69
      50
      8
      267
      151
      113
      104
      304
      111
      247
      182
      283
      207
      111
      208
      393
      195
      594
      558
      -31
      269
      -177
      -96
      -316
      -100
      284
      -583
      980
      1,020
      518
      -259
      -64
      -212
      -861
      663
      -100
      416
      289
      75
      -509
      -899
      -616
      312
      131
      123
      113
      196
      197
      192
      18
      0
      0
      65
      45
      283
      204
      67
      155
      46
      241
      114
      170
      224
      91
      -27
      -863
      -293
      189
      105
      -1,987
      924
      -6,260
      -433
      -445
      835
      129
      509
      758
      -268
      -150
      -349
      -65
      -121
      33,288
      194
      220
      188
      154
      236
      183
      165
      97
      175
      243
      551
      1,233
      1,038
      1,362
      872
      723
      773
      672
      724
      516
      340
      352
      446
      229
      365
      386
      684
      319
      247
      169
      416
      28,848
      567
      620
      438
      288
      67
      658
      500
      -178
      -61
      14,790
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 97,191
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 1,906
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,906
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,906
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 8,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,400
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 6,494
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow6,494 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMD
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowIVETTE A WHITE Telephone no.right arrow (410) 822-6324

Located atright arrowPO BOX 3130HALF MOON BAYCA ZIP+4right arrow94019
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ANN LUSKEY TRUSTEE
5.00 		0 0 0
PO BOX 3130
HALF MOON BAY,CA94019
MATTHEW BUCHSBAUM CO-TRUSTEE
0.00 		0 0 0
434 COGNEWAUGH ROAD
COS COB,CT06807
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
2,915,858
b
Average of monthly cash balances.......................
1b
110,512
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,026,370
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
3,026,370
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
45,396
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,980,974
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
149,049
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
149,049
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,906
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,906
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
147,143
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
147,143
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
147,143
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
167,164
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
167,164
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 7 147,143
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020...... 87,707
c From 2021......  
d From 2022...... 21,858
e From 2023...... 98,336
f Total of lines 3a through e ........ 207,901
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 167,164
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 147,143
e Remaining amount distributed out of corpus 20,021
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 227,922
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		227,922
10 Analysis of line 9:
a Excess from 2020.... 87,707
b Excess from 2021....  
c Excess from 2022.... 21,858
d Excess from 2023.... 98,336
e Excess from 2024.... 20,021
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).)
ANN LUSKEY
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

GIRLS EDUCATION INITIATIVE

E 44TH ST
NEW YORK,DC20008 		NONE 501 (C) 3 CHARITY GENERAL 20,000

NATIVE GARDENS OF BLUE HILL

49 S ST
BLUE HILL,ME04614 		NONE 501 (C) 3 CHARITY GENERAL 5,000

PLASTIC POLLUTION COALITION

4401A CONNECTICUT AVENUE NW 143
WASHINGTON,DC20002 		NONE 501 (C) 3 CHARITY GENERAL 30,000

PLEIADES NETWORK

PO BOX 1017
HUDSON,NY12534 		NONE 501 (C) 3 CHARITY GENERAL 10,000

BLUE HILL LIBRARY

5 PARKER POINT ROAD
BLUE HILL,ME04614 		NONE 501 (C) 3 CHARITY GENERAL 5,000

BLUE HILL FIRE COMPANY

PO BOX 1167
BLUE HILL,ME04614 		NONE 501 (C) 3 CHARITY GENERAL 5,000

MAINE COAST HERITAGE TRUST

1 BOWDOIN MILL ISLAND 201
TOPSHAM,ME04086 		NONE 501 (C) 3 CHARITY GENERAL 10,000

BLUE HILL HERITAGE TRUST

157 HINCKLEY RIDGE ROAD
BLUE HILL,ME04614 		NONE 501 (C) 3 CHARITY GENERAL 10,000

KOLLEGEWIDGWOK SAILING EDUCATION ASSOCIATION

PO BOX 368
BLUE HILL,ME04614 		NONE 501 (C) 3 CHARITY GENERAL 10,000

PLEIADES NETWORK

PO BOX 1017
HUDSON,NY12534 		NONE 501 (C) 3 CHARITY GENERAL 600

HEALTHY ACADIA

77 BEECHLAND ROAD
ELLSWORTH,ME04605 		NONE 501 (C) 3 CHARITY GENERAL 10,000

UNMANAGEABLE

PO BOX 159202
NASHVILLE,TN37215 		NONE 501 (C) 3 CHARITY GENERAL 10,000

EO WILSON BIODIVERSITY FOUNDATION

300 BLACKWELL STREET SUITE 102
DURHAM,NC27701 		NONE 501 (C) 3 CHARITY GENERAL 10,000

PLEIADES NETWORK

PO BOX 1017
HUDSON,NY12534 		NONE 501 (C) 3 CHARITY GENERAL 10,000

HIRSHHORN MUSEUM AND SCULTPTURE GARDEN

INDEPENDENCE AVE SW AND 7TH ST SW
WASHINGTON,DC20560 		NONE 501 (C) 3 CHARITY GENERAL 5,000

THE MARINE STUDIES CONSORTIUM

37 HILCROFT ROAD
BOSTON,MA02130 		NONE 501 (C) 3 CHARITY GENERAL 10,000
Total .................................right arrow 3a 160,600
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 31,574  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     16 15,000  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 97,191  
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) .. 0 143,765 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
143,765
(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
CHARLOTTE'S WEB
C/O CBIZ ADVISORS LLC
Employer identification number

52-2007855
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
CHARLOTTE'S WEB
C/O CBIZ ADVISORS LLC 		Employer identification number
52-2007855
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
ANN K LUSKEY
1322 VERMONT AVE NW
 
WASHINGTON, DC20005

$ 6,500


(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
CHARLOTTE'S WEB
C/O CBIZ ADVISORS LLC 		Employer identification number

52-2007855
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
CHARLOTTE'S WEB
C/O CBIZ ADVISORS LLC 		Employer identification number

52-2007855
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:  

TY 2024 AccountingFeesSchedule
Name:
CHARLOTTE'S WEB
 
C/O CBIZ ADVISORS LLC
EIN:
52-2007855
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 6,500 3,250   3,250

TY 2024 InvestmentsCorpStockSchedule
Name:
CHARLOTTE'S WEB
 
C/O CBIZ ADVISORS LLC
EIN:
52-2007855
Name of Stock End of Year Book Value End of Year Fair Market Value
CENCORA INC 4,219 347,826
DOUGLAS ELLIMAN INC 11,763 5,768
META PLATFORMS INC CL A 75,360 664,281
MICROSOFT CORP 25,513 497,410
MORGAN STANLEY FINANCE L/O TC-CYN 150,000 144,900
MORGAN STANLEY FINANCE T-SS SPX 25,000 38,413
BNP PARIBAS L/O T-SS RTY SPX 70,000 65,100
INVESCO S&P SPIN-OFF ETF 25,221 48,243
ISHARES RUSSELL 2000 GROWTH ETF 64,031 142,930
JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND 22,502 53,130
VANGUARD TOTAL STOCK MARKET ETF 77,092 250,742
ABBOTT LABS 3,196 4,216
ALPHABET INC CL A 15,720 15,684
AMAZON.COM INC 26,453 31,153
AMERICAN TOWER CORP REIT 6,561 7,294
AMERIPRISE FINANCIAL INC 3,387 4,270
APPLE INC 27,719 26,672
ARISTA NETWORKS INC 4,447 5,422
ASML HLDG NV SPON ADR 5,892 4,808
BOSTON SCIENTIFIC CORP 4,836 6,767
BROADCOM INC 12,842 20,949
CHIPOTLE MEXICAN GRILL INC CL A 10,281 9,265
INTUIT 5,379 7,089
INTUITIVE SURGICAL INC 5,501 7,064
LILLY ELI & CO 19,509 17,929
MASTERCARD INC CL A 8,666 10,677
META PLATFORMS CL A 17,614 25,833
MICROSOFT CORP 50,288 56,207
NVIDIA CORP 42,162 51,189
O'REILLY AUTOMOTIVE INC 3,989 5,408
ORACLE CORP 7,954 10,713
PALO ALTO NETWORKS INC 4,931 6,139
PARKER HANNIFN CORP 4,033 5,588
PROGRESSIVE CORP OHIO 4,812 5,604
S&P GLOBAL INC 6,566 7,382
SALESFORCE, INC. 3,489 4,090
SHERWIN WILLIAMS CO 5,313 5,837
STRYKER CORP 4,524 4,748
TJX COS INC NEW 7,907 8,891
TRANSDIGM GROUP INC 4,998 6,083
UNION PACIFIC CORP 3,959 4,141
VISA INC CL A 10,822 14,202
ABBOTT LABS 10,008 13,193
ABBVIE INC COM 10,138 10,952
ACCENTURE PLC IRELAND CL A 5,158 5,380
AMER EXPRESS CO 10,189 13,397
ANALOG DEVICES INC 11,384 11,663
AUTOMATIC DATA PROCESSING INC 7,763 9,869
BLACKROCK INC 12,073 15,739
BROADCOM INC 18,385 30,046
CHUBB LTD CHF 11,173 12,168
COCA COLA CO COM 10,596 11,674
EATON CORP PLC 13,005 13,923
EXXON MOBIL CORP 11,099 10,996
HOME DEPOT INC 13,746 14,299
JOHNSON & JOHNSON COM 10,535 10,693
JPMORGAN CHASE & CO 14,194 21,163
KLA CORP 2,890 3,583
LINDE PLC NEW EUR 11,404 12,199
MARSH & MCLENNAN COS INC 8,477 8,527
MCDONALDS CORP 10,356 11,102
MICROSOFT CORP 40,835 46,259
MORGAN STANLEY 10,350 14,931
NEXTERA ENERGY INC COM 12,934 12,426
ORACLE CORP 13,344 20,333
PROCTER & GAMBLE CO 11,197 10,674
PROLOGIS INC COM 12,034 11,143
REPUBLIC SERVICES INC 2,826 3,699
RTX CORP 9,909 11,098
TAIWAN SEMICONDUCTOR MFG CO LTD ADR 16,753 21,290
TEXAS INSTRUMENTS 10,414 10,589
TJX COS INC NEW 12,698 13,954
TRANE TECHNOLOGIES PLC 7,620 10,060
UNION PACIFIC CORP 12,066 12,424
BEYOND MEAT INC 27,687 576

TY 2024 InvestmentsOtherSchedule2
Name:
CHARLOTTE'S WEB
 
C/O CBIZ ADVISORS LLC
EIN:
52-2007855
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PRIMECAP ODYSSEY FDS AT COST 134,938 170,826

TY 2024 OtherDecreasesSchedule
Name:
CHARLOTTE'S WEB
 
C/O CBIZ ADVISORS LLC
EIN:
52-2007855
Description Amount
BOOK/TAX DIFFERENCES 451


TY 2024 OtherExpensesSchedule
Name:
CHARLOTTE'S WEB
 
C/O CBIZ ADVISORS LLC
EIN:
52-2007855
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CREDIT CARD FRAUD 191 0   0


TY 2024 OtherIncomeSchedule2
Name:
CHARLOTTE'S WEB
 
C/O CBIZ ADVISORS LLC
EIN:
52-2007855
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS INCOME - UBS 15,000 15,000 15,000


TY 2024 OtherLiabilitiesSchedule
Name:
CHARLOTTE'S WEB
 
C/O CBIZ ADVISORS LLC
EIN:
52-2007855
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLE 5,225 0


TY 2024 OtherProfessionalFeesSchedule
Name:
CHARLOTTE'S WEB
 
C/O CBIZ ADVISORS LLC
EIN:
52-2007855
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 7,623 3,312   3,311


TY 2024 TaxesSchedule
Name:
CHARLOTTE'S WEB
 
C/O CBIZ ADVISORS LLC
EIN:
52-2007855
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX: FORM 990-PF 16,236 0   0
FOREIGN TAX PAID ON DIVIDENDS 44 44   0