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
ZAFIROVSKI FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO PASQUESI SHEPPARD 585 BANK LAN
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAKE FOREST, IL60045
A Employer identification number

20-3610677
B Telephone number (see instructions)

(847) 234-5000
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$4,771,305J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 6,735 6,735  
4 Dividends and interest from securities... 85,772 85,772  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 412,241
b Gross sales price for all assets on line 6a 2,513,056
7 Capital gain net income (from Part IV, line 2)... 412,241
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).......      
12 Total. Add lines 1 through 11........ 504,748 504,748  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,000 10,000   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
52,860 52,860   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,880 3,880   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,038 0   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 67,778 66,740   25
25 Contributions, gifts, grants paid....... 348,500 348,500
26 Total expenses and disbursements. Add lines 24 and 25 416,278 66,740   348,525
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 88,470
b Net investment income (if negative, enter -0-) 438,008
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............. 86,463 32,546 32,546
2 Savings and temporary cash investments......... 103,170 30,199 30,199
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) 126,724 Click to see attachment
List of Attached Documents:
// Content
282,001 		265,337
b Investments—corporate stock (attach schedule)....... 2,381,127 Click to see attachment
List of Attached Documents:
// Content
2,131,774 		3,319,282
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).......... 1,179,567 Click to see attachment
List of Attached Documents:
// Content
1,489,001 		1,123,941
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) 3,877,051 3,965,521 4,771,305
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 3,877,051 3,965,521
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 3,877,051 3,965,521
30 Total liabilities and net assets/fund balances (see instructions). 3,877,051 3,965,521
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
3,877,051
2
Enter amount from Part I, line 27a .....................
2
88,470
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,965,521
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,965,521
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 P    
b FORM 2439 P    
c CAPITAL GAINS DIVIDENDS P    
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 2,511,775   2,100,815 410,960
b 22     22
c 1,259     1,259
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       410,960
b       22
c       1,259
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 2 412,241
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 6,088
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 6,088
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 6,088
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 5,441
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,441
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 647
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$ 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 arrowIL
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 arrowPASQUESI SHEPPARD Telephone no.right arrow (847) 234-5000

Located atright arrow585 BANK LANELAKE FORESTIL ZIP+4right arrow60045
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MIKE S ZAFIROVSKI PRESIDENT AND DIRECTOR
1.00 		0 0 0
C/O PASQUESI SHEPPARD LLC 585 BANK
LANE
LAKE FOREST,IL60045
ROBIN G ZAFIROVSKI SECRETARY, TREASURER, DIRECTOR
1.00 		0 0 0
C/O PASQUESI SHEPPARD LLC 585 BANK
LANE
LAKE FOREST,IL60045
MATTHEW D ZAFIROVSKI VICE PRESIDENT, DIRECTOR
1.00 		0 0 0
C/O PASQUESI SHEPPARD LLC 585 BANK
LANE
LAKE FOREST,IL60045
KIRK M ZAFIROVSKI VICE PRESIDENT, DIRECTOR
1.00 		0 0 0
C/O PASQUESI SHEPPARD LLC 585 BANK
LANE
LAKE FOREST,IL60045
TODD A ZAFIROVSKI VICE PRESIDENT
1.00 		0 0 0
C/O PASQUESI SHEPPARD LLC 585 BANK
LANE
LAKE FOREST,IL60045
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
MORGAN STANLEY INVESTMENT ADVISOR/BROKER 52,794
1 NEW YORK PLAZA 7TH FLOOR
NEW YORK,NY10004
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
4,650,030
b
Average of monthly cash balances.......................
1b
139,250
c
Fair market value of all other assets (see instructions)................
1c
9,184
d
Total (add lines 1a, b, and c).........................
1d
4,798,464
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
4,798,464
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
71,977
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,726,487
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
236,324
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
236,324
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,088
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,088
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
230,236
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
230,236
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
230,236
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
348,525
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
348,525
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 7 230,236
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 202,818
b From 2020...... 293,411
c From 2021...... 183,788
d From 2022...... 160,538
e From 2023......  
f Total of lines 3a through e ........ 840,555
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 348,525
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 230,236
e Remaining amount distributed out of corpus 118,289
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 5 958,844
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		202,818
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		756,026
10 Analysis of line 9:
a Excess from 2020.... 293,411
b Excess from 2021.... 183,788
c Excess from 2022.... 160,538
d Excess from 2023....  
e Excess from 2024.... 118,289
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).)
MIKE S ZAFIROVSKI
ROBIN G ZAFIROVSKI
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

CHURCH OF THE HOLY SPIRIT

400 EAST WESTMINSTER ROAD
LAKE FOREST,IL60045 		NONE PC GENERAL CHARITABLE PURPOSES 60,000

CUP O JOY MINISTRIES INC

525 N TAYLOR STREET
GREEN BAY,WI54303 		NONE PC GENERAL CHARITABLE PURPOSES 1,000

EDINBORO UNIVERSITY

219 MEADVILLE STREET
EDINBORO,PA16444 		NONE PC GENERAL CHARITABLE PURPOSES 50,000

AMERICAN ENTERPRISE INSTITUTE

1789 MASSACHUSETTS AVE
WASHINGTON,DC20036 		NONE PC GENERAL CHARITABLE PURPOSES 50,000

LURIE CHILDREN'S FOUNDATION

225 E CHICAGO AVENUE
CHICAGO,IL60611 		NONE PC GENERAL CHARITABLE PURPOSES 5,000

SPECIAL OLYMPICS

2600 VIRGINIA AVE NW FL 11
WASHINGTON,DC20037 		NONE PC GENERAL CHARITABLE PURPOSES 50,000

LEUKEMIA & LYMPHOMA SOCIETY

3 INTERNATIONAL DRIVE
RYE,NY10573 		NONE PC GENERAL CHARITABLE PURPOSES 2,500

CATHOLIC CHARITIES

721 NORTH LASALLE STREET
CHICAGO,IL60654 		NONE PC GENERAL CHARITABLE PURPOSES 10,000

HEALTHNETWORK FOUNDATION

3550 LANDER RD
PEPPER PIKE,OH44124 		NONE PC GENERAL CHARITABLE PURPOSES 10,000

GLENWOOD ACADEMY

500 WEST 187TH STREET
GLENWOOD,IL60425 		NONE PC GENERAL CHARITABLE PURPOSES 5,000

CHAMPIONS COMMUNITY FOUNDATION

2850 OLD ALABAMA RD
JOHNS CREEK,GA30022 		NONE PC GENERAL CHARITABLE PURPOSES 5,000

MACEDONIA 2025

1504 N MAIN STREET
CROWN POINT,IN46307 		NONE PC GENERAL CHARITABLE PURPOSES 50,000

GOLDEN APPLE FOUNDATION

901 W JACKSON BLVD
CHICAGO,IL60607 		NONE PC GENERAL CHARITABLE PURPOSES 50,000
Total .................................right arrow 3a 348,500
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 6,735  
4 Dividends and interest from securities ....     14 85,772  
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 ............ 		    18 412,241  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 504,748 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
504,748
(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:
ZAFIROVSKI FAMILY FOUNDATION
EIN:
20-3610677
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREP FEES 10,000 10,000   0

TY 2024 InvestmentsCorpStockSchedule
Name:
ZAFIROVSKI FAMILY FOUNDATION
EIN:
20-3610677
Name of Stock End of Year Book Value End of Year Fair Market Value
AIA GROUP LTD SPON ADR 12,389 10,408
APPLE INC 48,126 70,869
ABB LTD ADR 5,282 13,157
ABBVIE INC COM 14,166 16,692
ABBOTT LABORATORIES 18,911 20,360
ACCENTURE PLC IRELAND CL A 4,236 18,909
ADIDAS AG 7,585 9,329
ANALOG DEVICES INC 15,325 19,767
AUTOMATIC DATA PROCESSING INC 14,644 14,273
ADVANCED ENERGY IND INC 1,232 3,880
AMERICAN ELEC PWR CO INC 2,787 2,615
ALBANY INTL A NEW 1,233 2,775
AIR LIQUIDE ADR 13,056 15,779
A A R CORPORATION 1,882 3,304
GALLAGHER ARTHUR J & CO 27,031 25,803
ALLIANZ SE ADR 2,205 2,139
ALNYLAM PHARMACEUTICALS INC 10,764 9,381
AMKOR TECHNOLOGY INC 1,430 2,069
AMAZON COM INC 55,052 95,215
ANSYS INC 1,418 5,032
AON PLC CL A 10,982 39,017
APPFOLIO INC CL A 4,019 7,284
ARKEMA SPONS ADR 3,758 2,319
ARCHROCK INC 543 3,012
ASICS CORP ADR 1,436 6,352
ASHTEAD GROUP PLC ADR 2,367 2,932
ASM INTERNATIONAL NV 4,454 5,799
ASML HOLDING NV NY REG NEW 12,005 13,728
ATMOS ENERGY CP 4,399 4,414
BROADCOM INC 22,896 41,408
AMERICAN EXPRESS CO 8,955 17,114
ASTRAZENECA PLC ADR 9,398 7,797
BAE SYS PLC SPON ADR 3,168 3,499
BOOKING HOLDINGS INC 13,812 15,978
BANKINTER NEW 5,206 5,095
BANK RAKYAT INDONESIA ADR 3,239 3,029
BOX,INC. CL A 3,014 3,634
BOSTON SCIENTIFIC CORP 6,476 10,004
BUREAU VERITAS SA ADR 8,752 8,932
CITIGROUP INC NEW 10,283 14,360
CHEESE CAKE FACTORY INC 3,019 4,493
CHUBB LTD 11,616 21,809
CBRE GROUP INC - A 1,935 9,248
CRACKER BARREL OLD CTRY STORE 3,268 1,598
CABOT CORP 1,931 4,123
CROWN CASTLE INC 4,629 3,769
CADENCE DESIGN SYSTEM 3,428 4,148
COPT DEFENSE PROPERTIES SH BEN 1,712 2,004
CONSTELLATION ENERGY CORP 4,727 3,803
COMPAGNIE FIN RICHEMONTAG ADR 11,075 13,437
CAPGEMINI S E UNSPONSORED ADR 13,207 11,526
THE CIGNA GROUP 19,853 28,995
CORE LABORATORIES INC 2,508 2,112
COLOPLAST AS SPONSERED ADR 2,987 2,740
CELESTICA INC 2,387 4,061
CHIPOTLE MEXICAN GRILL INC COM 12,418 18,090
COMPASS GROUP PLC SPD ADR 6,936 11,202
CONMED CORP 3,037 2,443
CRODA INTL PLC ADR 5,474 4,261
CONOCOPHILLIPS 11,526 23,702
CANADIAN PACIFIC KANSAS CITY 4,291 3,734
CRH PLC 5,154 8,319
COSTAR GROUP INC 6,613 9,235
CSL LTD 610 1,479
COTERRA ENERGY INC 2,362 2,480
CTS CORPORATION 2,214 3,082
CONTL AG SPONS ADR 3,662 3,262
CHEVRON CORP 2,812 2,749
CASELLA WASTE SYS INC CL A 1,311 5,925
DOMINION ENERGY INC 25,103 20,521
DARLING INGREDIENTS INC 1,614 3,029
ENDAVA PLC ADR 5,855 2,503
DEUTSCHE BOERSE AG UNSPON ADR 1,291 2,487
DBS GROUP HOLDINGS LTD SP 2,358 6,206
DIAGEO PLC SPON ADR NEW 13,731 13,222
DIODES INC 2,549 2,479
DIGITAL REALTY TRUST INC 5,667 6,383
DIPLOMA PLC ADR 6,866 8,464
DISCO CORP ADR 3,626 3,344
DSV AS ADR 3,689 3,649
DEUTSCHE TELEKOM AG ADR 2,043 2,188
DUKE ENERGY CORPORATION 16,082 20,578
ECOLAB INC 18,211 22,558
NEW ORIENTAL ED & TECH GRP INC 1,602 1,508
ENTERPRISE FINCL SVCS CORP 2,618 3,738
ENERSYS 1,141 3,180
ENTEGRIS INC 3,882 5,162
EOG RESOURCES INC 2,063 1,944
EPIROC AKTIEBOLAG ADR 7,418 6,901
EQT CORPORATION COM 3,583 4,465
EATON CORP PLC SHS 16,329 28,315
EDWARD LIFESCIENCES CORP 4,356 4,372
EXPERIAN GP LTD ADR 8,433 8,758
FANUC CORPORATION UNSP ADR 9,967 9,444
FASTENAL CO 586 1,984
FIRSTCASH HLDGS INC 832 3,474
FOUR CORNERS PPTY TR INC 2,344 2,572
FREEPORT-MCMORAN CL-B 2,327 1,839
FRANKLIN ELECTRIC CO 1,251 4,457
FISERV INC 12,503 12,637
FAIR ISAAC & CO INC 8,047 11,414
FLOWSERVE CORP 2,651 5,752
FLUTTER ENTERTAINMENT PLC 817 2,690
FLOOR & DECOR HLDGS INC CL-A 2,807 3,788
FORMFACTOR INC 1,508 4,884
FIRST MERCHANTS CORP 2,959 3,503
GATX CORP 1,370 4,465
GENL DYNAMICS CORP 15,395 18,304
GE AEROSPACE NEW 57,396 224,029
GE HEALTHCARE TECHNOLOGIES INC 14,232 32,523
GE VERNOVA INC 10,934 102,626
CGI INC CL A SUB VTG 1,828 5,353
GILDAN ACTIVEWEAR INC 7,323 9,128
GAMING & LEISURE PPTYS INC COM 2,925 2,770
ALPHABET INC CL C 19,994 33,327
ALPHABET INC CL A 22,646 39,185
GOOSEHEAD INSURANCE INC CLAS A 3,367 8,126
GUIDEWIRE SOFTWARE INC 2,382 6,018
HALMA PLC UNSPON ADR 5,409 7,140
HDFC BANK LTD ADR 3,829 5,868
HEICO CORP CLASS A 4,457 8,753
HEINEKEN NV SPN ADR 2,813 2,142
HELEN OF TROY 2,400 1,349
HOULIHAN LOKEY INC CL A 2,142 8,163
HALEON PLC ADR 4,853 5,896
HILTON WORLDWIDE HLDGS INC 4,784 10,668
HORACE MANN EDUCATORS CP 1,188 1,648
HOYA CORP SPONS ADR 8,183 11,181
HELMERICH & PAYNE 2,444 2,503
HEARTLAND FIN USA INC 3,027 3,931
HOWMET AEROSPACE INC 10,820 10,024
HEXAGON AB ADR 2,708 2,600
HEXCEL CORP NEW 1,433 3,955
ICON PLC 8,835 9,257
IDEX CORPORATION DELAWARE 3,198 3,445
IMCD GROUP N V ADR 7,212 7,430
ING GROEP NV ADR 7,055 8,634
INTUIT INC 10,296 10,506
INVITATION HOMES INC 1,824 1,757
INTUITIVE SURGICAL INC 8,657 18,098
INTEGER HOLDINGS CORP 2,867 5,289
ILL TOOL WORKS INC 4,795 13,555
JAMES HARDIE INDS SE 5,943 4,622
JOHNSON & JOHNSON 11,026 18,511
JPMORGAN CHASE & CO 7,459 35,477
KAO CORP 3,848 3,853
KBC GROUP NV UNSPONS ADR 7,006 8,220
KINGSPAN GROUP PLC UNSPON ADR 2,567 2,445
KIMCO REALTY CORP MD 3,323 3,397
KKR & CO INC CL A 14,244 31,312
KLA CORPORATION 5,001 9,413
CARMAX INC 4,313 5,782
KINSALE CAP GROUP INC 3,794 4,954
KENVUE INC 13,640 12,746
LAMAR ADVERTISING CO NEW CL A 2,775 2,555
LITTELFUSE INC 690 3,056
LINDE PLC 1,167 2,713
ELI LILLY & CO 14,295 19,126
CHENIERE ENERGY INC NEW 2,505 2,861
LONDON STK EXCHANGE GROUP ADR 10,560 13,462
LOWES COMPANIES INC 8,979 15,583
LAM RESEARCH CORPORATION NEW 6,799 10,184
LVMH MOET HENNESSY LOUIS VUITT 2,617 4,112
MASTERCARD INC CL A 13,210 25,628
MARRIOTT INTL INC NEW CL A 9,031 16,753
MICROCHIP TECHNOLOGY INC 4,297 3,107
MCKESSON CORP 6,762 27,503
MOODYS CORP 1,265 5,443
MONDELEZ INTL INC COM 15,039 12,663
MEDPACE HOLDINGS, INC. 3,297 2,966
MERCADOLIBRE INC 2,306 3,430
META PLATFORMS INC CL A 26,712 50,513
MIZUHO FNCL INC SPONS ADR 9,978 12,166
MARKEL GROUP INC 4,708 8,547
MARTIN MARIETTA MATERIALS 1,974 1,952
MARSH & MCLENNAN COS INC 6,995 16,776
MOOG INC CL A 1,077 5,247
MONOLITHIC PWR SYSTEMS INC 3,496 3,576
MORGAN STANLEY 13,554 21,624
MSCI INC COM 3,628 4,455
MICROSOFT CORP 60,897 118,442
METTLER TOLEDO INTL 5,075 4,974
MERITAGE HOME CORPORATION 717 3,322
M3 INC ADR 1,587 1,218
MITSUI FUDOSAN CO LTD ADR 4,975 3,976
MTU AERO ENGINES AG 6,991 10,536
NITORI HLDGS CO LTD ADR 7,598 6,652
NASDAQ INC COM 2,291 13,375
NEXTERA ENERGY INC 6,451 5,706
NETFLIX INC 6,681 13,252
SERVICENOW INC 8,833 19,535
NIPPON SANSO HOLDINGS CORP ADR 7,409 7,066
NORDEA BANK ABP SPON ADR 4,496 4,088
NOMURA RESH INST LTD ADR 5,578 6,285
NESTLE SPON ADR REP REG SHR 13,002 14,322
NVIDIA CORPORATION 23,405 91,720
NOVO NORDISK A/S ADR 15,283 18,931
NXP SEMICONDUCTORS NV 7,295 11,305
REALTY INCOME CORP 5,088 4,417
OLD DOMINION FREIGHT LINE 3,949 8,364
ONE GAS INC 2,986 3,234
OCEANEERING INTL INC 2,748 3,886
ORACLE CORP 18,881 18,664
O'REILLY AUTOMOTIVE INC NEW 8,347 10,760
PACCAR INC 17,552 20,492
PEBBLEBROOK HOTEL TR COM 1,974 1,612
PUBLIC SERVICE ENTERPRISE GP 3,666 3,381
PEPSICO INC NC 15,610 16,575
PFIZER INC 22,005 16,369
PROGRESSIVE CORP OHIO 12,276 31,868
PROLOGIS INC COM 27,681 25,246
PLEXUS CORP 1,943 4,142
PERNOD RICARD SA ADR 4,572 3,567
PARSONS CORP 2,671 6,287
PUBLICIS GROUPE SA ADR 3,460 4,560
PUMA SE UNSPONSORED ADR 4,068 3,932
RYDER SYSTEMS INC 768 3,635
RB GLOBAL INC 3,181 4,834
RECRUIT HOLDINGS CO. LTD. ADR 2,452 5,347
REGENCY CTRS CORP 3,132 3,298
RELX PLC SPONSORED ADR 12,194 26,344
REINSURANCE GROUP OF AMERICA 1,417 5,307
REPLIGEN CP 5,004 5,590
RENESAS ELECTRONICS CORP ADR 3,525 3,562
RENTOKIL INITIAL PLC ADR 2,349 1,983
RTX CORPORATION 12,489 17,589
ROYAL BANK OF CANADA 2,496 3,803
RYANAIR HLDGS PLC ADR 5,377 8,021
SABRE CORP COM 2,631 3,646
SAP AG 4,837 8,478
SAMPO OYJ UNSPON ADR 5,256 7,218
SCHNEIDER ELEC SA UNSP ADR 1,148 5,288
STIFEL FINANCIAL CORPORATION 1,038 4,138
SGS SA ADR 2,151 2,006
SHIN ETSU CHEM CO LTD ADR 7,448 6,200
SHELL PLC ADR 2,893 3,395
SHOPIFY INC 5,625 8,840
SIEMENS AKTIENGESELLSCHAFT 9,400 9,561
SITEONE LANDSCAPE SUPPLY INC 3,843 3,714
SCHLUMBERGER LTD 3,905 3,385
SMC CORP JAPAN SPONSORED ADR 3,307 3,027
THE SCOTTS MIRACLE-GRO COMPANY 2,761 3,943
SHIMANO INC ADR 4,930 4,219
SNOWFLAKE INC CL A 7,306 6,595
SYNOPSYS INC 10,882 12,105
SOUTHERN CO 12,958 19,263
SONY GROUP CORPORATION ADR 2,967 4,592
SIMON PPTY GROUP INC 5,364 5,520
SPOTIFY TECHNOLOGY SA 15,910 24,005
SPX TECHNOLOGIES INC 1,842 5,172
SEMPRA 4,100 4,375
SOUTHSTATE CORPORATION 3,265 4,747
STAG INDL INC COM 2,724 3,116
STMICROELECTRONICS NV 1,754 1,072
SUNCOR ENERGY INC 4,406 7,457
SVENSKA HANDELSBANKEN AB ADR 1,956 2,367
SYMRISE AG UNSPONS ADR 7,128 6,192
STRYKER CORP 10,754 11,214
SUZUKI MTR CORP ADR 6,443 6,105
TRIP COM GROUP LTD ADR 2,025 3,315
TRANSDIGM GROUP INC 1,141 6,847
ATLASSIAN CORPORATION CL A 2,286 3,858
BIO-TECHNE CORP 3,732 8,355
TEVA PHARMACEUTICALS ADR 3,559 4,518
3I GROUP PLC UNSPONS ADR 4,867 5,423
TARGET CORPORATION 8,890 9,033
THALES USDPONSORD ADR 6,762 7,581
TIMKEN CO 476 2,171
TRINET GROUP INC 1,807 2,021
TOKYO ELECTRON LTD UNSPON ADR 10,790 10,522
TRUSTMARK CP 2,733 3,997
TESLA INC 18,018 31,306
TAIWAN SMCNDCTR MFG CO LTD ADR 921 8,871
TRANE TECHNOLOGIES PLC 10,757 14,529
TOTALENERGIES SE SPONSORED ADS 2,874 3,037
TECHTRONIC IND LTD SPONS ADR 10,362 11,325
TOTVS SA ADR 3,940 2,823
TEXAS INSTRUMENTS 12,778 11,972
TYLER TECHNOLOGIES INC 2,192 2,807
UNITED BANKSHARES INC W VA 2,459 3,450
UNITED COMMUNITY BANKS INC 3,501 3,910
UNITED FIRE GROUP INC 1,001 1,306
UNILEVER PLC (NEW) ADS 15,232 19,505
UNION PACIFIC CORP 8,097 18,170
UNIVERSAL MUSIC GROUP NV ADR 6,270 7,539
UTD OVERSEAS BK LTD SPON ADR 2,629 4,521
VAT GROUP AG-ADR 3,030 2,334
VEEVA SYS INC CL A 7,718 10,102
VALERO ENERGY CP DELA NEW 1,840 1,642
VERALTO CORP 6,811 8,888
VULCAN MATERIALS CO 15,486 22,065
VERISK ANALYTICS INC COM 2,991 3,723
VISTRA CORP 3,189 3,384
WASTE CONNECTIONS INC 1,843 6,407
WORKDAY INC CL A 9,501 12,110
WELLTOWER INC 7,294 7,398
WILLIAMS CO INC 7,595 8,389
WAL-MART DE MEXICO SA SPON ADR 3,257 3,510
WNS HOLDINGS LIMITED 7,291 4,692
WEST PHARMACEUTICAL SVCS INC 6,658 6,795
WOLTERS KLUWER NV SPON ADR 923 4,214
WOLVERINE WORLD WIDE 2,230 2,464
EXXON MOBIL CORP 29,610 28,066
EXPRO GROUP HOLDINGS NV COM 2,823 1,995

TY 2024 InvestmentsGovtObligationsSch
Name:
ZAFIROVSKI FAMILY FOUNDATION
EIN:
20-3610677
US Government Securities - End of Year Book Value:

282,001
US Government Securities - End of Year Fair Market Value:

265,337
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
ZAFIROVSKI FAMILY FOUNDATION
EIN:
20-3610677
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SPDR BLOOMBERG 1-3 MONTH T-B AT COST 896 895
FT ENERGY INCOME ETF AT COST 179,415 152,704
SPDR GOLD MINISHARES TRUST AT COST 4,142 4,158
GLOBAL X MLP ETF AT COST 8,838 9,091
GLOBAL X MLP & ENERGY INFRAS AT COST 9,440 10,235
SPDR S&P HOMEBUILDERS AT COST 2,802 2,381
ARTISAN DEVELOPING WORLD ADV AT COST 450,544 391,635
PIMCO FIX INC SHRS: SERIES C AT COST 149,503 129,445
PIMCO FIX INC SHRS: SERIES M AT COST 143,978 129,894
MATTHEWS JAPAN INSTL AT COST 306,128 285,606
GSO MEZZANINE FINANCE FUND AT COST 233,315 7,897

TY 2024 OtherExpensesSchedule
Name:
ZAFIROVSKI FAMILY FOUNDATION
EIN:
20-3610677
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
IL CHARITY BUREAU FEE 15 0   15
IL SECRETARY OF STATE 10 0   10
MISCELLANEOUS 1,013 0   0


TY 2024 OtherProfessionalFeesSchedule
Name:
ZAFIROVSKI FAMILY FOUNDATION
EIN:
20-3610677
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 52,860 52,860   0


TY 2024 TaxesSchedule
Name:
ZAFIROVSKI FAMILY FOUNDATION
EIN:
20-3610677
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 3,880 3,880   0