Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE PETER and JOAN SECCHIA FAMILY INC
 
% Mark A Schut
Number and street (or P.O. box number if mail is not delivered to street address)220 LYON NW SUITE 510
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Grand Rapids, MI49503
A Employer identification number

38-2641093
B Telephone number (see instructions)

(616) 235-0010
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$83,655,693J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,759,450 1,759,450 1,759,450
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 21,048,823
b Gross sales price for all assets on line 6a 48,299,822
7 Capital gain net income (from Part IV, line 2)... 21,048,823
8 Net short-term capital gain......... 103,117
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
4,000   4,000
12 Total. Add lines 1 through 11........ 22,812,273 22,808,273 1,866,567
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 40,000 30,000   10,000
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
6,450 3,225   3,225
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
308,065 305,223   2,842
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
334,189 332,528   1,661
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
365     365
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 689,069 670,976   18,093
25 Contributions, gifts, grants paid....... 44,859,279 44,859,279
26 Total expenses and disbursements. Add lines 24 and 25 45,548,348 670,976   44,877,372
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -22,736,075
b Net investment income (if negative, enter -0-) 22,137,297
c Adjusted net income (if negative, enter -0-)... 1,866,567
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............. 346,477 1,992,875 1,992,875
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)....... 94,513,301 Click to see attachment
List of Attached Documents:
// Content
75,324,222 		75,324,222
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) 5,034,955 6,338,596 Click to see attachment
List of Attached Documents:
// Content
6,338,596
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 99,894,733 83,655,693 83,655,693
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 120,000  
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 120,000 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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 99,774,733 83,655,693
29 Total net assets or fund balances (see instructions)..... 99,774,733 83,655,693
30 Total liabilities and net assets/fund balances (see instructions). 99,894,733 83,655,693
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
99,774,733
2
Enter amount from Part I, line 27a .....................
2
-22,736,075
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,617,035
4
Add lines 1, 2, and 3 ..........................
4
83,655,693
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
83,655,693
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 FIDELITY 404640 SEE ATTACHED P 2021-10-21 2024-12-01
b FIDELITY 404640 SEE ATTACHED P 2021-10-21 2024-12-01
c FIDELITY 404640 SEE ATTACHED P 2021-10-21 2024-12-01
d FIDELITY 4933667 SEE ATTACHED P 2021-10-21 2024-12-01
e FIDELITY 493367 SEE ATTACHED P 2021-10-21 2024-12-01
LEGACY TRUST CAPITAL GAIN DISTR P 2021-10-21 2024-12-01
LEGACY TRUST 14700 SEE ATTACHED P 2021-10-21 2024-12-01
LAGACY TRUST 14700 SEE ATTACHED P 2021-10-21 2024-12-01
LEGACY TRSUT 14700 SEE ATTACHED P 2021-10-21 2024-12-01
RAYMOND JAMES A262 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 72711 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 95930 CAPITAL GAIN DISTR P 2021-10-21 2024-12-01
STIFEL 95930 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 95930 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 19334 CAPITAL GAIN DISTR P 2021-10-21 2024-12-01
STIFEL 19334 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 99164 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 99164 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 26963 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 26963 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 5524 SEE ATTACHED P 2021-10-21 2024-12-01
STIFEL 5524 SEE ATTACHED P 2021-10-21 2024-12-01
LPL FINANCIAL 42872 SEE ATTACHED P 2021-10-21 2024-12-01
LPL FINANCIAL 42872 SEE ATTACHED P 2021-10-21 2024-12-01
LPL FINANCIAL 19799 SEE ATTACHED P 2021-10-21 2024-12-12
LPL FINANCIAL 19799 SEE ATTACHED P 2021-10-21 2024-12-01
LPL FINANCIAL 76789 SEE ATTACHED P 2021-10-21 2024-12-01
LPL FINANCIAL 76789 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 04J20 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3598 CAPITAL GAIN DIS P 2021-10-21 2024-12-01
MERRILL LYNCH 3598 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3598 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3599 CAPITAL GAIN DIS P 2021-10-21 2024-12-01
MERRILL LYNCH 3599 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3599 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3600 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3600 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3600 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3601 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3601 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3564 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3564 SEE ATTACHED P 2021-10-21 2024-12-01
MERRILL LYNCH 3564 SEE ATTACHED P 2021-10-21 2024-12-01
(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 125,000   123,792 1,208
b 1,347,491   1,063,057 284,434
c 125,000   128,265 -3,265
d 282,911   219,674 63,237
e 1,023,768   648,784 374,984
180,116     180,116
96,977   94,199 2,778
2,595,376   1,796,110 799,266
42,743   668 42,075
16,260,643   6,893 16,253,750
69,700   69,701 -1
326     326
5,768   9,649 -3,881
145,681   120,813 24,868
344     344
85,058   78,876 6,182
1,343   1,356 -13
39,822   44,278 -4,456
45,292   46,635 -1,343
288,386   239,974 48,412
151,452   149,116 2,336
25,037     25,037
5,036,000   5,029,871 6,129
250,000   237,560 12,440
3,566,780   3,565,672 1,108
1,224,294   1,224,294  
96,694   95,182 1,512
914,649   830,707 83,942
300,090   300,000 90
475     475
553,678   523,124 30,554
1,306,084   1,030,059 276,025
5     5
7,284   5,596 1,688
115,364   118,485 -3,121
55,467   57,774 -2,307
196   196  
278,173   267,451 10,722
78,530   78,604 -74
509,810   543,143 -33,333
1,813,095   1,813,000 95
1,899,397   2,001,428 -102,031
7,355,523   4,687,013 2,668,510
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       1,208
b       284,434
c       -3,265
d       63,237
e       374,984
      180,116
      2,778
      799,266
      42,075
      16,253,750
      -1
      326
      -3,881
      24,868
      344
      6,182
      -13
      -4,456
      -1,343
      48,412
      2,336
      25,037
      6,129
      12,440
      1,108
       
      1,512
      83,942
      90
      475
      30,554
      276,025
      5
      1,688
      -3,121
      -2,307
       
      10,722
      -74
      -33,333
      95
      -102,031
      2,668,510
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 21,048,823
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 3 103,117
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) 1 307,708
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........................... 3 307,708
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- ..... 5 307,708
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 305,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 305,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,708
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowMI
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
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowMark A Schut Telephone no.right arrow (616) 888-6662

Located atright arrow220 Lyon NW Suite 510Grand RapidsMI ZIP+4right arrow49503
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
 
No
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
Yes
 
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
 
No
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
JAMES A ENS DIRECTOR
1.00 		0 0 0
220 LYON NW SUITE 510
Grand Rapids,MI49503
MARK A SCHUT TREASURER
10.00 		40,000 0 0
220 LYON NW SUITE 510
Grand Rapids,MI49503
JOAN P SECCHIA DIRECTOR
1.00 		0 0 0
220 LYON NW SUITE 510
Grand Rapids,MI49503
STEPHANIE OEHLER DIRECTOR
1.00 		0 0 0
220 LYON NW SUITE 510
Grand Rapids,MI49503
LEGACY TRUST DIRECTOR
1.00 		0 0 0
220 LYON NW SUITE 510
Grand Rapids,MI49503
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 arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 Michigan State University pledge for a new Mens Tennis facility 10,000,000
2 Mary Free Bed Rehab Hospital Capital campaign for a new childrens rehab hospital 10,000,000
3 Grand Valley State University Blue Dot technical center downtown campus 7,000,000
4 St Marys Foundation for hospital north entrance lobby 2,500,000
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
90,976,109
b
Average of monthly cash balances.......................
1b
1,454,874
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
92,430,983
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
92,430,983
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,386,465
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
91,044,518
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,552,226
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
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
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
44,877,372
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
44,877,372
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  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 9,429,204
b From 2020...... 498,410
c From 2021...... 9,652,562
d From 2022...... 5,957,816
e From 2023...... 12,225,083
f Total of lines 3a through e ........ 37,763,075
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 44,877,372
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus 44,877,372
5 Excess distributions carryover applied to 2024.    
(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 82,640,447
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		9,429,204
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		73,211,243
10 Analysis of line 9:
a Excess from 2020.... 498,410
b Excess from 2021.... 9,652,562
c Excess from 2022.... 5,957,816
d Excess from 2023.... 12,225,083
e Excess from 2024.... 44,877,372
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
1,866,567 1,653,364 908,522 739,237 5,167,690
b 85% (0.85) of line 2a ......... 1,586,582 1,405,359 772,244 628,351 4,392,536
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		44,877,372 17,017,887 772,244 11,377,866 74,045,369
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 .... 		44,877,372 17,017,887 772,244 11,377,866 74,045,369
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 .. 		3,034,817 3,271,034 2,723,402 1,191,865 10,221,118
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
AMERICAN RED CROSS


1050 FULLER AVE NE
Grand Rapids,MI49503 		NONE PC GIFT 5,500
AQUINAS COLLEGE


1700 FULTON E
Grand Rapids,MI49506 		NONE PC EMERITUS EVENING SPONSOR 3,000
ARTPRIZE GR


29 PEARL ST STE 1
Grand Rapids,MI49503 		NONE PC PRESENTING SPONSOR 2024 150,000
BOY SCOUTS OF AMERICA


3213 WALKER AVE NW
Grand Rapids,MI49544 		NONE PC FULFILLING THE DRREAM 2024 2,500
BOYS AND GIRLS YOUTH COMMONWEALTH


235 STRAIGHT AVE NW
Grand Rapids,MI49504 		NONE PC CAPITAL CAMPAIGN PLEDGE 2024 500,000
CATHOLIC FOUNDATION OF WEST MI


360 DIVISION AVE S
Grand Rapids,MI49506 		NONE PC BISHOPS ANGELS APPEAL 2,500
FANS OF VALLEY FIELD


900 MUSKEGON NW
Grand Rapids,MI49504 		NONE PC VALLEY FIELD RENNOVATION CAMPAIGN 50,000
THE FERRIS FOUNDATION


420 OAK ST PRK 101
Big Rapids,MI49307 		NONE PC 2024 GALA SPONSOR 1,500
FIRST STEPS KENT


678 FRONT ST NW
Grand Rapids,MI49504 		NONE PC READY BY 5 READING PROGRAM 25,000
GERALD R FORD PRES FOUNDATION


303 PEARL ST NW
Grand Rapids,MI49504 		NONE PC CAPITAL CAMPAIGN PLEDGE 2024 2,000,000
GIRLS CHORAL ACADEMY


2920 FULLER NE STE 104
Grand Rapids,MI49505 		NONE PC GIFT 50,000
GRAND RAPIDS PUBLIC MUSEUM FOUNDND


272 PEARL NW
Grand Rapids,MI49504 		NONE PC 2024 CAPITAL CAMPAIGN 1,000,000
GRAND ACTION FOUNDATION


120 LYON ST NW
Grand Rapids,MI49503 		NONE PC GRAND ACTION AMPHITHEATER 1,000,000
GRAND VALLEY STATE UNIVERSITY


301 FULTON ST W
Grand Rapids,MI49504 		NONE PC SECCHIA INTL STUDIES SCHOLARSHIP PRGM 900,000
HABITAT FOR HUMANITY KENT CO


425 PLEASANT SW
Grand Rapids,MI49503 		NONE PC CAPITAL CAMPAIGN 500,000
JNIOR ACHIEVEMENT


4090 LAKE DR SE
Grand Rapids,MI49546 		NONE PC WEST MI HALL OF FAME 2024 5,000
KENT COUNTY PARKS FOUNDATION


PO BOX 230165
Grand Rapids,MI495230165 		NONE PC SOMETHINGS GRILLING EVENT 2024 10,000
LEUKEMIA AND LYMPHOMA SOCIETY


2922 FULLER NE STE 114
Grand Rapids,MI49505 		NONE PC RACE SPONSOR 1,000
LITERACY CENTER OF WEST MI


1120 MONROE NW STE 240
Grand Rapids,MI49503 		NONE PC INSTRUCTION SUPPORT 2024 1,500
MAKE A WISH FOUNDATION


7600 GRAND RIVER STE 175
Brighton,MI48114 		NONE PC STRATEGIC PLAN CAMPAIGN 2024 650,000
MARY FREE BED FOUNDATION


235 WEALTH SE
Grand Rapids,MI49503 		NONE PC LOUNGE SPONSOR 10,000
MICHIGAN STATE UNIVERSITY


535 CHESTNUT RD RM300
East Lansing,MI48824 		NONE PC CAMPUS TENNIS FACILITY PLEDGE 5,000,000
OPERA GRAND RAPIDS


1320 FULTON ST E
Grand Rapids,MI49503 		NONE PC STUDENT TICKET AND GALA SUPPORT 32,500
KIRK GIBSON FOUNDATION


280 N OLD WOODWARD AVE STE 106
Birmingham,MI48009 		NONE PC PARKINSONS RESEARCH FACILTY PROJECT 2,000,000
PAULILST FATHERS


215 SHELDON SE
Grand Rapids,MI49503 		NONE PC 2024 GIFT 51,000
SACRED HEART PARISH


151 GARFIELD NW
Grand Rapids,MI49504 		NONE PC SECCHIA MEMORIAL ORGAN PROJECT 1,434,000
ST MARYS FOUNDATION


200JEFFERSON SE
Grand Rapids,MI49503 		NONE PC NORTH ENTRANCE LOBBY PROJECT 2,500,000
ST PAUL THE APOSTLE PARISH


2750 BURTON SE
Grand Rapids,MI49546 		NONE PC TOGETHER WE GROW CAMPAIGN 10,000
CONNECTING COMMUNITY IN ADA


7330 THORNAPPLE RIVER DR
Ada,MI49301 		NONE PC COMMUNITY BUILDING PLEDGE 10,000
EXPERIENCE GRAND RAPIDS


171 MONROE NW STE 545
Grand Rapids,MI49503 		NONE PC CHRISTMAS TREE LIGHTING PROJECT 6,279
MEL TROTTER MINISTRIES


225 COMMERCE SW
Grand Rapids,MI49503 		NONE PC GIFT 2,500
NORTHPORT YOUTH SAILING SCHOOL


105BAY ST
Northport,MI49670 		NONE PC 2024 GIFT PLEDGE 2,000
THE ORIENTAL INSTITUTE


1155 EAST 58TH
Chicago,IL60637 		NONE PC OPERATIONS GIFT 2,500
ST MARYS FOUNDATION


200 JEFFERSON SE
Grand Rapids,MI49503 		NONE PC GIFT PLEDGE 2,500
THE BAY COMMUNITY THEATER


214 N ST JOSEPH ST
Suttons Bay,MI49682 		NONE PC 2024 GIFT 1,000
ARTPRIZE GR


29 PEARL ST STE 1
Grand Rapids,MI49503 		NONE PC OPERATIONS GIFT 2024 10,000
CORWELL HEALTH FOUNDATION


25 MICHIGAN ST NE STE 4100
Grand Rapids,MI49503 		NONE PC CANCER RESEARCH GIFT 15,000
EAST GRAND RAPIDS SCHOOLS FNDN


2915 HALL ST SE
Grand Rapids,MI49503 		NONE PC YEAR END GIFT 1,000
SCHWAB CHARITABLE


1958 SUMMIT PARK DR STE 200
Orlando,FL32810 		NONE PC 2024 PLEDGE 25,000
AMERICAN BALLET THEATRE


890 BROADWAY 3RD FLR
New York,NY10003 		NONE PC 2024 GIFT 1,000
COMMON SENSE


699 8TH ST STE C150
San Francisco,CA94103 		NONE PC 2024 GIFT 1,000
DOING GOOD TOGETHER


755 MEDINA RD
Wayzata,MN55391 		NONE PC 2024 GIFT 1,000
FEEDING WESTCHESTER


200 CLEARBOROOK RD
Elmsford,NY10523 		NONE PC 2024 GIFT 1,000
FRESH AIR FUND


633 THIRD AVE 14TH FLR
New York,NY10017 		NONE PC 2024 SUMMER CAMPS 1,000
FRIENDS OF LARCHMONT PARKS


8 CLARK CT
Larchmont,NY10538 		NONE PC FLINT PARK PADDLE FACILITY 1,500
FRIENDS OF LARCHMONT LIBRARY


121 LARCHMONT AVE
Larchmont,NY10538 		NONE PC 2024 GIFT 2,000
FULLER CENTER FOR HOUSING


421 HUGUENOT ST
New Rochelle,NY10801 		NONE PC 2024 GIFT 2,000
GRASSROOTS GROCERY


185 E 85TH ST 21A
New York,NY10028 		NONE PC 2024 GIFT 2,000
MAMARONECK SUDENT AID FUND


PO BOX 606
Larchmont,NY10538 		NONE PC 2024 SUPPORT 2,000
MAMARONCK SCHOOLS FOUNDATION


PO BOX 123
Larchmont,NY10538 		NONE PC 2024 GIFT 2,000
SUMMER SEARCH


1412 BROADWAY
New York,NY10018 		NONE PC 2024 OPERATIONS SUPPORT 2,000
TRI CITIES YMCA


1 Y DRIVE
Grand Haven,MI49417 		NONE PC 2024 GIFT 2,000
WESTCHESTER CHILDRENS CHORUS


1 CHATSWORTH AVE
Larchmont,NY10538 		NONE PC 2024 SUPPORT 2,000
WFUV RADIO


2853 SOUTHERN BLVD
Bronx,NY10458 		NONE PC 2024 GIFT 1,000
WIKMEDIA FOUNDATION


1 MONTGOMERY ST STE 1600
San Francisco,CA94104 		NONE PC 2024 SUPPORT 1,000
YMCA WHITE PLAINS


515 NORTH ST
White Plains,NY10605 		NONE PC 2024 GIFT 2,000
WEST MI AVIATION ACADEMY FNDN


5363 44TH SE
Grand Rapids,MI49512 		NONE PC GALA 2024 10,000
WEST MICHIGAN SPORTS COMM


300 OTTAWA NW STE 240
Grand Rapids,MI49503 		NONE PC CAPITAL CAMPAIGN SOFTBALL FIELDS 1,000,000
DOWNTOWN GRAND RAPIDS


29 PEARL ST STE 1
Grand Rapids,MI49503 		NONE PC DOWNTOWN MAINT AND BEAUTIFICATION FUND 50,000
EAST GRAND RAPIDS SCHOOLS FNDN


2915 HALL ST SE
Grand Rapids,MI49506 		NONE PC JIMMY GERKEN MEML FUND 25,000
GR FORD PRES FOUNDATION


303 PEARL ST NW
Grand Rapids,MI49504 		NONE PC DEVOS LEARNING CTR AND SPEAKERS FUND 300,000
MICHIGAN STATE UNIVERSITY


535 CHESTNUT RD
East Lansing,MI48824 		NONE PC COLLEGE OF HUMAN MEDICINE PLEDGE 1,000,000
MICHIGAN STATE UNIVERSITY


535 CHESTNUT RD
East Lansing,MI48824 		NONE PC MEDICAL SCHOOL SPEAKERS FUND 50,000
GR FORD PRES FOUNDATION


303 PEARL ST NW
Grand Rapids,MI49504 		NONE PC STUDENT TRANSPORTATION FUND 100,000
KENT COUNTY PARKS FOUNDATION


PO BOX 230165
Grand Rapids,MI49523 		NONE PC CHILDRENS PROGRAMMING AND THE MEADOWS UPKEEP FUND 125,000
MICHIGAN STATE UNIVERSITY


535 CHESTNUT RD
East Lansing,MI48824 		NONE PC ATHLETIC TRAVEL UNVERSITY BANDS AND MEDICAL SCHOOL 400,000
NATIONAL ITALIAN AM FOUNDATION


1860 19TH ST NW
Washington,DC20009 		NONE PC VOYAGE OF DISCOVERY PROGRAM 150,000
SPECTRUM HEALTH FOUNDATION


25 MICHIGAN ST NE
Grand Rapids,MI49503 		NONE PC SPECTRUM CARE PARTNERS PROGRAM 250,000
GR PUBLIC SCHOOLS ADVANCEMENT


111 LIBRARY NE
Grand Rapids,MI49503 		NONE PC BUILDING TOGETHER CAMPAIGN 205,000
GRAND RAPIDS COMMUNITY COLL FNDN


143 BOSTWICK NE
Grand Rapids,MI49503 		NONE PC SECCHIA INSTITUTE SCHOLARSHIPS 50,000
GRAND RAPIDS COMMUNITY LEGENDS


220 LYON NW STE 510
Grand Rapids,MI49503 		NONE NC 2024 STATUARY PLEDGE 250,000
BAXTER COMMUNITY CENTER


935 BAXTER SE
Grand Rapids,MI49506 		NONE PC BAX 50 PLEDGE 50,000
CITY OF GRAND RAPIDS PARKS FNDN


201 MARKET ST SW
Grand Rapids,MI49503 		NONE GOV PARKS DEPT SUPPORT 2024 15,000
DOWNTOWN GRAND RAPIDS


29 PEARL ST NW STE
Grand Rapids,MI49503 		NONE PC LYON SQUARE PARK 250,000
GEO AND BARBARA BUSH FOUNDATION


PO BOX 14141
College Station,TX77841 		NONE PC SCHOLARSHIP FUND 50,000
GR YOUTH COMMONWEALTH


235 STRAIGHT NW
Grand Rapids,MI49504 		NONE PC KIDS AND KOPS AND BELK LODGE CAMP 100,000
GRAND VALLEY STATE UNIVERSITY


301 FULTON W
Grand Rapids,MI49504 		NONE PC MILITRAY AND VETERANS SUPPORT PROGRAM 200,000
OTTAWA COUNTY PARKS FNDN


PO BOX 314
West Olive,MI49460 		NONE PC GRAND RIVER GREENWAY PROJECT 100,000
SILENT OBSERVER


250 MONROE NW STE 150
Grand Rapids,MI49503 		NONE PC OPERATIONS SUPPORT 5,000
SPECIAL OLYMPICS MICHIGAN


CENTRAL MI UNIVERSITY
Mount Pleasant,MI48859 		NONE PC BASKETBALL TOURN ENDOWMENT PLEDGE 50,000
WEST MICHIGAN AVAIATION ACADEMY FND


5363 44TH SE
Grand Rapids,MI49512 		NONE PC MAINTENANCE FUND AND SCHOLARSHIPS 75,000
Total .................................right arrow 3a 22,859,279
bApproved for future payment
GRAND VALLEY STATE UNIVERSITY

301 FULTON ST W
Grand Rapids,MI49504 		NONE PC BLUE DOT TECHNOLOGY CENTER 7,000,000
MARY FREE BED FOUNDATION

235 WEALTHY SE
Grand Rapids,MI49503 		NONE PC CHILDRENS REHABILITATION HOSPITAL 10,000,000
MICHIGAN STATE UNIVERSITY

535 CHESTNUT RD RM 300
East Lansing,MI48824 		NONE PC CAMPUS TENNIS FACILITY 5,000,000
Total ................................. right arrow 3b 22,000,000
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 1,759,450  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18    
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOther Income 		    01 4,000  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,763,450  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,763,450
(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.
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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
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 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
THE PETER and JOAN SECCHIA FAMILY INC
 
Employer identification number

38-2641093
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
THE PETER and JOAN SECCHIA FAMILY INC
  		Employer identification number
38-2641093
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
DOROTHY BOWMAN CHARITABLE REMDR TR
 
3849 LAKE MICHIGAN DR NW
 
Grand Rapids, MI49534

$ 429,352


(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
THE PETER and JOAN SECCHIA FAMILY INC
  		Employer identification number

38-2641093
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
THE PETER and JOAN SECCHIA FAMILY INC
  		Employer identification number

38-2641093
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:
THE PETER and JOAN SECCHIA FAMILY INC
EIN:
38-2641093
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 6,450 3,225 0 3,225

TY 2024 InvestmentsCorpStockSchedule
Name:
THE PETER and JOAN SECCHIA FAMILY INC
EIN:
38-2641093
Name of Stock End of Year Book Value End of Year Fair Market Value
Investment Securities 72,334,222 72,334,222
Hyatt Hotel LLC 2,990,000 2,990,000
I4031 Capital Growth Fund 0 0

TY 2024 OtherAssetsSchedule
Name:
THE PETER and JOAN SECCHIA FAMILY INC
EIN:
38-2641093
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Cash Surr Value Life Ins 5,034,955 6,338,596 6,338,596


TY 2024 OtherExpensesSchedule
Name:
THE PETER and JOAN SECCHIA FAMILY INC
EIN:
38-2641093
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office Supplies 335 0 0 335
Filing Fees 30 0 0 30


TY 2024 OtherIncomeSchedule2
Name:
THE PETER and JOAN SECCHIA FAMILY INC
EIN:
38-2641093
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Prior year gift returned 4,000 0 4,000


TY 2024 OtherIncreasesSchedule
Name:
THE PETER and JOAN SECCHIA FAMILY INC
EIN:
38-2641093
Description Amount
Unrealized Gains on Investments 6,617,035


TY 2024 OtherProfessionalFeesSchedule
Name:
THE PETER and JOAN SECCHIA FAMILY INC
EIN:
38-2641093
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 302,223 302,223 0 0
Legal Fees 5,842 3,000 0 2,842


TY 2024 SubstantialContributorsSch
Name:
THE PETER and JOAN SECCHIA FAMILY INC
EIN:
38-2641093
Name Address
DOROTHY BOWMAN CHARITABLE REMDR TR
  		3849 LAKE MICHIGAN DR NW
Grand Rapids,MI49534


TY 2024 TaxesSchedule
Name:
THE PETER and JOAN SECCHIA FAMILY INC
EIN:
38-2641093
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Income Taxes 330,868 330,868 0 0
Payroll Taxes 3,321 1,660 0 1,661