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
ASANTE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)202 S MICHIGAN ST 910
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SOUTH BEND, IN46601
A Employer identification number

20-3554641
B Telephone number (see instructions)

(574) 261-5270
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$210,554,776J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,325
2 Check right arrow.............
3 Interest on savings and temporary cash investments 362,744 362,744  
4 Dividends and interest from securities... 3,713,495 3,713,495  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,664,342
b Gross sales price for all assets on line 6a 42,855,306
7 Capital gain net income (from Part IV, line 2)... 5,664,342
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
934,413 882,588  
12 Total. Add lines 1 through 11........ 10,677,319 10,623,169  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 410,449 19,193   391,256
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 73,825 3,691   70,134
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
655 0   655
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
31,000 27,900   3,100
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
811,325 811,325   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
191,291 91,291   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 30,068 1,503   28,565
21 Travel, conferences, and meetings....... 11,638 1,164   10,474
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
536,244 523,131   13,113
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,096,495 1,479,198   517,297
25 Contributions, gifts, grants paid....... 11,781,883 11,781,883
26 Total expenses and disbursements. Add lines 24 and 25 13,878,378 1,479,198   12,299,180
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,201,059
b Net investment income (if negative, enter -0-) 9,143,971
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 6,641,800 7,156,038 7,156,038
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) 4,183,944 Click to see attachment
List of Attached Documents:
// Content
3,654,751 		3,397,742
b Investments—corporate stock (attach schedule)....... 21,895,670 Click to see attachment
List of Attached Documents:
// Content
83,969,821 		127,830,828
c Investments—corporate bonds (attach schedule)....... 90,148,360 Click to see attachment
List of Attached Documents:
// Content
22,253,935 		21,634,275
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).......... 37,153,687 Click to see attachment
List of Attached Documents:
// Content
39,667,148 		50,535,893
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) 160,023,461 156,701,693 210,554,776
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
55,000 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 55,000 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 159,968,461 156,701,693
29 Total net assets or fund balances (see instructions)..... 159,968,461 156,701,693
30 Total liabilities and net assets/fund balances (see instructions). 160,023,461 156,701,693
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
159,968,461
2
Enter amount from Part I, line 27a .....................
2
-3,201,059
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
200,552
4
Add lines 1, 2, and 3 ..........................
4
156,967,954
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
266,261
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
156,701,693
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 CAPITAL GAINS DIVIDENDS P    
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 42,731,231   37,190,964 5,540,267
b 124,075     124,075
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       5,540,267
b       124,075
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 5,664,342
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) 1 127,101
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........................... 3 127,101
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- ..... 5 127,101
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 99,633
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 199,633
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 72,532
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow72,532 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 arrowIN
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 arrowNANCY ICKLER Telephone no.right arrow (574) 261-5270

Located atright arrow202 SOUTH MICHIGAN ST SUITE 910SOUTH BENDIN ZIP+4right arrow466012031
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
THOMAS F VELDMAN DIRECTOR/PRESIDENT
4.00 		0 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
CONNIE V JOINES DIRECTOR/VP & ASST. SECRETARY
2.00 		0 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
SHARON EDMONDS DIRECTOR/VP & TREASURER
2.00 		0 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
NANCY ICKLER EXEC. DIRECTOR & SECRETARY
40.00 		244,000 46,000 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
ANITA J VELDMAN DIRECTOR/VP
2.00 		0 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
MICHAEL A JOINES DIRECTOR/VP
2.00 		0 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
MATTHEW E EDMONDS DIRECTOR/VP
2.00 		0 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
DAVID P VELDMAN DIRECTOR/VP
2.00 		0 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
MARCIA S VELDMAN DIRECTOR/VP & PROGRAM OFFICER
11.00 		26,600 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
MARK P VELDMAN DIRECTOR/VP
2.00 		0 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
LAURA JENSEN ASSOCIATE DIRECTOR
40.00 		139,848 0 0
202 SOUTH MICHIGAN ST SUITE 910
SOUTH BEND,IN46601
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
MERRILL LYNCH INVESTMENT MANAGEMENT 399,332
ONE BRYANT PARK 28TH FLOOR
NEW YORK,NY10036
GOLDMAN SACHS & CO INVESTMENT MANAGEMENT 209,208
71 S WACKER DR SUITE 500
CHICAGO,IL60606
JPMORGAN CHASE BANK NA INVESTMENT MANAGEMENT 202,785
270 PARK AVENUE
NEW YORK,NY10017
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
199,254,271
b
Average of monthly cash balances.......................
1b
7,133,511
c
Fair market value of all other assets (see instructions)................
1c
4,893,879
d
Total (add lines 1a, b, and c).........................
1d
211,281,661
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
211,281,661
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,169,225
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
208,112,436
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,405,622
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
10,405,622
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
127,101
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
127,101
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,278,521
4
Recoveries of amounts treated as qualifying distributions................
4
51,825
5
Add lines 3 and 4............................
5
10,330,346
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
10,330,346
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
12,299,180
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
12,299,180
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 10,330,346
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 2,991,839
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 12,299,180
a Applied to 2023, but not more than line 2a 2,991,839
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..... 9,307,341
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		1,023,005
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 ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
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).)
THOMAS F VELDMAN
CONNIE V JOINES
SHARON EDMONDS
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

3HOPEFUL HEARTS

172 WHALERS WAY A201
FORT COLLINS,CO80525 		NONE PC SOCIAL SERVICES 65,000

A ROSIE PLACE (O'HANA HERITAGE FOUNDATION INC)

PO BOX 186
SOUTH BEND,IN46624 		NONE PC HEALTH 75,000

ARISE RAWANDA MINISTRIES USA INC

3231 BOUNDLESS LN
TIMNATH,CO80547 		NONE PC HEALTH 100,000

BETHANY LAND INSTITUTE USA LTD

PO BOX 6391
SOUTH BEND,IN46660 		NONE PC EDUCATION 63,000

BLOOMINGTON HEALTH FOUNDATION INC

PO BOX 249
BLOOMINGTON,IN47402 		NONE PC HEALTH 22,000

BLOOMINGTON PARKS FOUNDATION

PO BOX 3351
BLOOMINGTON,IN474023351 		NONE PC HEALTH 32,000

BLOOMINGTON ROOTS FOUNDATION INC

121 E KIRKWOOD AVE STE 300
BLOOMINGTON,IN47408 		NONE PC EDUCATION 15,000

BOYS & GIRLS CLUBS OF BLOOMINGTON

PO BOX 1716
BLOOMINGTON,IN47402 		NONE PC SOCIAL SERVICES 49,000

BOYS & GIRLS CLUBS OF LARIMER COUNTY

103 SMOKEY STREET
FORT COLLINS,IN80525 		NONE PC SOCIAL SERVICES 398,320

BOYS AND GIRLS CLUB OF ST JOSEPH COUNTY INC

502 E SAMPLE ST
SOUTH BEND,IN46601 		NONE PC EDUCATION 249,732

CATHOLIC CHARITIES BLOOMINGTON INC

803 NORTH MONROE STREET
BLOOMINGTON,IN47404 		NONE PC SOCIAL SERVICES 225,000

CATHOLIC CHARITIES OF THE DIOCESE OF FORT WAYNE-SOUTH BEND INC

1817 MIAMI ST
SOUTH BEND,IN46613 		NONE PC SOCIAL SERVICES 80,000

CATHOLIC RELIEF SERVICES--USCCB

228 W LEXINGTON ST
BALTIMORE,MD212013413 		NONE PC SOCIAL SERVICES 799,027

CENTER FOR THE HOMELESS INC

813 S MICHIGAN ST
SOUTH BEND,IN46601 		NONE PC SOCIAL SERVICES 215,000

CHILDSAFE COLORADO INC

2001 S SHIELDS STREET
FORT COLLINS,CO80526 		NONE PC SOCIAL SERVICES 70,000

CHRIST CHILD SOCIETY OF SOUTH BEND INC

PO BOX 1286
SOUTH BEND,IN46624 		NONE PC SOCIAL SERVICES 23,000

COMMUNITY KITCHEN OF MONROE COUNTY

1515 S ROGERS ST
BLOOMINGTON,IN47403 		NONE PC SOCIAL SERVICES 50,000

CORVILLA INC

3620 DEAHL CT
SOUTH BEND,IN46628 		NONE PC SOCIAL SERVICES 42,850

CULTIVATE CULINARY SCHOOL AND CATERING INC

1403 PRAIRIE AVE
SOUTH BEND,IN46613 		NONE PC SOCIAL SERVICES 100,000

EARLY CHILDHOOD COUNCIL OF LARIMER COUNTY

424 PINE ST SUITE 201
FORT COLLINS,CO80524 		NONE PC EDUCATION 500,000

EARLY CHILDHOOD DEVELOPMENT CENTER INC

10 CHILD CARE CENTER
NOTRE DAME,IN46556 		NONE PC EDUCATION 256,682

EXODUS REFUGEE IMMIGRATION INC

2457 E WASHINGTON ST SUITE A
INDIANAPOLIS,IN46201 		NONE PC SOCIAL SERVICES 150,000

FOOD FOR THE POOR INC

6401 LYONS ROAD
COCONUT CREEK,FL330739004 		NONE PC SOCIAL SERVICES 354,213

FOUNDATION OF ST JOSEPH REGIONAL MEDICAL CENTER INC

707 E CEDAR ST SUITE 100
SOUTH BEND,IN46617 		NONE PC HEALTH 20,000

HEROES CAMP INC

PO BOX 6564
SOUTH BEND,IN466606564 		NONE PC EDUCATION, SOCIAL SERVICES 243,750

HOLY CROSS SCHOOL

1020 N WILBUR ST
SOUTH BEND,IN46628 		NONE PC EDUCATION 72,988

HOLY FAMILY SCHOOL

56407 MAYFLOWER ROAD
SOUTH BEND,IN46619 		NONE PC EDUCATION 72,495

HOMEWARD ALLIANCE (HOMELESS GEAR INC)

242 CONIFER ST
FORT COLLINS,CO80524 		NONE PC SOCIAL SERVICES 425,000

HOOSIER HILLS FOOD BANK INC

2333 W INDUSTRIAL PARK DR PO BOX
697
BLOOMINGTON,IN474020797 		NONE PC SOCIAL SERVICES 200,000

HOPE MINISTRIES

PO BOX 4488
SOUTH BEND,IN466344488 		NONE PC SOCIAL SERVICES 500,000

INDIANA UNIVERSITY

509 EAST 3RD ST
BLOOMINGTON,IN47401 		NONE GOV EDUCATION 99,843

LOGAN COMMUNITY RESOURCES INC

2505 E JEFFERSON BLVD
SOUTH BEND,IN46615 		NONE PC EDUCATION, HEALTH 200,000

LOVE WITHOUT BOUNDARIES FOUNDATION

PO BOX 1861
LOWELL,AR72745 		NONE PC SOCIAL SERVICES 226,000

MAYO CLINIC

200 FIRST ST SW
ROCHESTER,MN55902 		NONE PC HEALTH 100,000

MISHAWAKA PARKS AND RECREATION FOUNDATION INC

904 N MAIN ST
MISHAWAKA,IN46545 		NONE PC HEALTH 100,000

MOTHER HUBBARD'S CUPBOARD INC

1100 W ALLEN ST
BLOOMINGTON,IN47403 		NONE PC SOCIAL SERVICES 50,000

ONE ACRE FUND

2070 GREEN BAY ROAD 183
HIGHLAND PARK,IN60035 		NONE PC SOCIAL SERVICES, EDUCATION 250,000

ONESKY (HALF THE SKY FOUNDATION)

2246B SIXTH ST
BERKELEY,CA94710 		NONE PC SOCIAL SERVICES 175,000

OVERTURE INTERNATIONAL

PO BOX 16045
HIGH POINT,NC272616045 		NONE PC SOCIAL SERVICES 261,797

PANTRY 279 INC

PO BOX 312
ELLETTSVILLE,IN47429 		NONE PC HEALTH, SOCIAL SERVICES 50,000

REGINALD S LOURIE CENTER FOR INFANTS AND YOUNG CHILDREN

12301 ACADEMY WAY
ROCKVILLE,MD20852 		NONE PC EDUCATION 175,830

REINS OF LIFE INC

55200 QUINCE RD
SOUTH BEND,IN466194403 		NONE PC SOCIAL SERVICES 700,000

RESPITE CARE

6203 S LEMAY AVE
FORT COLLINS,CO80525 		NONE PC HEALTH, EDUCATION 100,000

SISTERS OF THE HOLY CROSS INC

200 ROSARY HALL
NOTRE DAME,IN46556 		NONE PC SOCIAL SERVICES 127,989

SOUTH BEND CIVIC THEATRE INC

403 N MAIN ST
SOUTH BEND,IN46601 		NONE PC EDUCATION 41,000

ST ADALBERT CHURCH

2505 W GRACE ST
SOUTH BEND,IN46619 		NONE PC CHURCH RESTORATION 250,000

ST JOHN THE BAPTIST SCHOOL

3616 SAINT JOHNS WAY
SOUTH BEND,IN46628 		NONE PC EDUCATION 68,330

ST VINCENT DE PAUL SOCIETY OF SJC INC

520 CRESCENT AVE
SOUTH BEND,IN466171920 		NONE PC SOCIAL SERVICES 202,000

STONE CITY ALLIANCE FOR RECOVERY & HOPE INC

P O BOX 430 1414 H STREET
BEDFORD,IN47421 		NONE PC SOCIAL SERVICES 73,500

TRANSFORMATION MINISTRIES INC

1101 KING ST
SOUTH BEND,IN46616 		NONE PC EDUCATION, SOCIAL SERVICES 120,000

TREES WATER & PEOPLE

633 REMINGTON ST
FORT COLLINS,CO80524 		NONE PC SOCIAL SERVICES 225,000

UKRAINIAN CATHOLIC UNIVERSITY FOUNDATION

2247 WEST CHICAGO AVENUE
CHICAGO,IN60622 		NONE PC HEALTH, SOCIAL SERVICES 180,180

UNITED WAY OF LARIMER COUNTY INC

525 W OAK ST SUITE 101
FORT COLLINS,CO80521 		NONE PC EDUCATION, SOCIAL SERVICES 648,511

UNITED WAY OF ST JOSEPH COUNTY INC

3527 E JEFFERSON BLVD
SOUTH BEND,IN46615 		NONE PC EDUCATION, HEALTH 95,374

UNITY GARDENS INC

PO BOX 10022 3701 PRAST BLVD
SOUTH BEND,IN46680 		NONE PC SOCIAL SERVICES 100,000

UNIVERSITY OF NOTRE DAME

511 MAIN BUILDING
NOTRE DAME,IN46556 		NONE PC EDUCATION, HEALTH 1,278,322

WITH MY OWN TWO HANDS FOUNDATION

1278 GLENNEYRE STREET
LAGUNA BEACH,CA92651 		NONE PC SOCIAL SERVICES 63,200

WRITING FOR A CHANGE FOUNDATION OF BLOOMINGTON INC

318 SOUTH WASHINGTON ST
BLOOMINGTON,IN47401 		NONE PC SOCIAL SERVICES 25,000

YOUTH SERVICE BUREAU OF ST JOSEPH COUNTY INC

411 CATERINA STREET
SOUTH BEND,IN46615 		NONE PC EDUCATION, SOCIAL SERVICES 175,950

YWCA NORTH CENTRAL INDIANA INC

1102 S FELLOWS ST
SOUTH BEND,IN46601 		NONE PC SOCIAL SERVICES 150,000
Total .................................right arrow 3a 11,781,883
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 ........... 		    14 362,744  
4 Dividends and interest from securities ....     14 3,713,495  
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 .....     14 882,588  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 5,664,342  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPY GRANT RECOVERY 		    01 51,825  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 10,674,994 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,674,994
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 31,000 27,900   3,100

TY 2024 InvestmentsCorpBondsSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Name of Bond End of Year Book Value End of Year Fair Market Value
GOLDMAN SACHS 220-0 6,198,841 6,202,169
GOLDMAN SACHS 419-5 3,122,840 3,044,805
JP MORGAN 5685 11,808,697 11,417,588
MERRILL LYNCH 3809 1,123,557 969,713

TY 2024 InvestmentsCorpStockSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Name of Stock End of Year Book Value End of Year Fair Market Value
GOLDMAN SACHS 990-6 1,204,154 1,524,165
GOLDMAN SACHS 765-7 1,120,787 1,369,241
GOLDMAN SACHS 106-4 1,217,887 3,865,342
GOLDMAN SACHS 030-0 2,708,196 2,993,976
GOLDMAN SACHS 045-1 2,280,171 2,594,339
GOLDMAN SACHS 736-0 1,854,781 2,486,389
GOLDMAN SACHS 790-8 5,880,484 13,801,573
GOLDMAN SACHS 180-8 2,044,878 2,635,322
JP MORGAN 5685 16,157,151 28,766,434
JP MORGAN 4248 5,029,337 8,752,717
JP MORGAN 5864 1,000,000 1,324,638
JP MORGAN 6315 1,416,790 1,737,032
MERRILL LYNCH 3805 3,363,227 3,575,838
MERRILL LYNCH 3806 4,554,228 6,807,641
MERRILL LYNCH 3807 29,138,524 37,898,246
MERRILL LYNCH 3809 1,970,407 1,774,340
MERRILL LYNCH 3924 3,028,819 5,923,595

TY 2024 InvestmentsGovtObligationsSch
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
US Government Securities - End of Year Book Value:

2,520,359
US Government Securities - End of Year Fair Market Value:

2,269,409
State & Local Government Securities - End of Year Book Value:


1,134,392
State & Local Government Securities - End of Year Fair Market Value:


1,128,333


TY 2024 InvestmentsOtherSchedule2
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GS CAP - ARES AT COST 336,938 1,359,138
GS CAP - DST OPPORTUNITIES II AT COST 209,191 391,925
GS CAP - DST OPPORTUNITIES IV AT COST 328,391 215,038
GS CAP - DST OPPORTUNITIES V AT COST 504,773 525,524
GS CAP - DYNAMIC ALPHA PLUS AT COST 2,439,427 3,226,391
GS CAP - HORIZON AT COST 571,407 676,406
GS CAP - KKR PRINCIPAL OPPORTUNITIES AT COST 955,549 1,133,923
GS CAP - PRIVATE EQUITY MANAGERS 2015 AT COST 636,743 910,925
GS CAP - PRIVATE EQUITY MANAGERS 2016 AT COST 816,684 1,217,412
GS CAP - PRIVATE EQUITY MANAGERS 2018 AT COST 2,029,578 2,369,152
GS CAP - PRIVATE EQUITY CO-INVEST AT COST 1,298,484 2,088,545
GS CAP - REDBIRD AT COST 1,651,432 2,248,238
GS CAP - SILVER POINT AT COST 506 340,549
GS CAP - VINTAGE VII OFFSHORE AT COST 222,800 647,255
GS CAP - VINTAGE VIII OFFSHORE AT COST 981,490 1,830,627
LG CAP - GREEN EQUITY AT COST 1,396,508 1,674,947
LG CAP - JADE EQUITY II AT COST 233,355 288,893
GS - BROAD STREET RE PARTNERS AT COST 255,501 205,258
GS - BYDC INVESTORS AT COST 326,973 558,834
GS - CADRE ACCESS AT COST 1,250,930 634,711
GS - CHINA-US INDUSTRIAL CO-OP AT COST 838,846 1,229,327
GS - GLOBAL LONG SHORT - EVENT DRIVEN AT COST 7,916 4,860
GS - WEST STREET CAP VII AT COST 419,486 674,678
GS - WEST STREET CAP VII-B AT COST 76,689 76,689
GS - WEST STREET CAP VIII AT COST 820,463 980,024
GS - VINTAGE VII AIV AT COST 47,752 64,514
GS - VINTAGE IX AT COST 355,313 502,949
RB ROUGE CO-INVEST AT COST 559,678 710,982
BETTER VENTURES III AT COST 1,531,848 1,209,136
BETTER VENTURES IV AT COST 1,279,464 1,009,921
JPM CAP - AP EUROPE AT COST 287,827 4,693
JPM CAP - AP X AT COST 810,001 1,146,373
JPM CAP - BSREP AT COST 423,068 320,839
JPM CAP - COATUE IV AT COST 635,887 516,629
JPM CAP - COATUE V AT COST 819,461 663,058
JPM CAP - EQT V AT COST 1,551,150 2,059,790
JPM CAP - GIF V AT COST 345,668 73,078
JPM CAP - HPS MEZZ II AT COST 295,413 822,713
JPM CAP - MEZZ III AT COST 488,378 557,821
JPM CAP - MEZZ OFFSHORE 2019 AT COST 800,416 822,713
JPM CAP - RS GLOBAL AT COST 211,645 199,953
JPM CAP - SILVER LAKE AT COST 26,854 101,014
JPM CAP - SOF XII AT COST 496,267 595,097
JPM CAP - STARWOOD SOF X AT COST 225,679 64,730
JPM CAP - VINTAGE HEALTHCARE AT COST 400,403 442,360
JPM - BAIN AT COST 664,104 826,307
JPM - ECOSYSTEM AT COST 596,188 738,464
JPM - ELEVAR EQUITY IV AT COST 728,138 2,230,237
JPM - ELEVAR EQUITY V AT COST 1,011,712 1,226,288
JPM - HIGHBRIDGE STRAGIC CREDIT FUND AT COST 168,732 286,548
ML - RENAISSANCE AT COST 645,668 1,696,576
ML CAP - APOLLO EUROPE AT COST 200,767 135,442
ML CAP -AX GLOBAL BUYOUT ACCESS FUND AT COST 359,205 451,826
ML CAP -BLACKSTONE ALTERNATIVES SOLUTION IV FUND AT COST 305,822 350,556
ML CAP -BLACKSTONE GROWTH ACCESS FUND AT COST 347,057 305,108
ML CAP -BLACKSTONE STRATEGIC PARTNERS SECONDARIES VIII FUND AT COST 58,417 123,576
ML CAP -BROOKFIELD INFRASTRUCTURE ACCESS IV OFFSHORE AT COST 394,179 434,824
ML CAP -BX STRATEGIC PARTNERS SECONDARIES IX FUND AT COST 603,650 694,078
ML CAP -CARLYLE AIP SECONDARIES ACCESS VII AT COST 374,734 456,552
ML CAP -KKR NORTH AMERICA BUYOUT ACCESS FUND XIII AT COST 431,856 480,380
ML CAP -LLCP SMALL CAP FUND III AT COST 581,815 637,070
ML CAP -ROCKET GLOBAL INNOVATION FUND II AT COST 263,752 185,945
ML CAP -SLP VI TECHNOLOGY FUND AT COST 266,190 325,655
ML CAP -SLP VII TECHNOLOGY FUND AT COST 507,889 538,767
ML CAP -STONEPEAK GLOBAL RENEWABLES ACCESS FUND AT COST 491,250 503,877
ML CAP -TPG RISE CLIMATE ACCESS FUND AT COST 463,791 510,185

TY 2024 LegalFeesSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 655 0   655


TY 2024 OtherDecreasesSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Description Amount
COST BASIS ADJUSTMENTS 266,261


TY 2024 OtherExpensesSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 6,662 333   6,329
PORTFOLIO DEDUCTIONS - K-1'S & CAP STATEMENTS 515,693 515,693   0
MISCELLANEOUS INVESTMENT EXPENSES 6,748 6,748   0
OFFICE EXPENSES 3,352 168   3,184
PAYROLL FEES 646 32   614
SUBSCRIPTIONS 3,143 157   2,986


TY 2024 OtherIncomeSchedule2
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INVESTMENT INCOME 882,588 882,588 882,588
PY GRANT RECOVERY 51,825   51,825


TY 2024 OtherIncreasesSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Description Amount
TAX EXEMPT INCOME 793
NON-DIVIDEND DISTRIBUTIONS 199,759


TY 2024 OtherLiabilitiesSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Description Beginning of Year - Book Value End of Year - Book Value
PROFIT SHARING CONTRIBUTION 55,000 0


TY 2024 OtherProfessionalFeesSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 811,325 811,325   0


TY 2024 TaxesSchedule
Name:
ASANTE FOUNDATION INC
EIN:
20-3554641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 91,291 91,291   0
FEDERAL INCOME TAX 100,000 0   0