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 PEARCE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1558 DEPT EA5W86
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLUMBUS, OH43216
A Employer identification number

34-6572300
B Telephone number (see instructions)

(330) 742-5499
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$2,847,086J 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... 74,277 74,275  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 55,234
b Gross sales price for all assets on line 6a 1,423,188
7 Capital gain net income (from Part IV, line 2)... 55,234
8 Net short-term capital gain......... 0
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........ 129,511 129,509  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 29,549 14,774   14,774
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,250 0 0 1,250
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,278 870   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
200     200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 33,277 15,644 0 16,224
25 Contributions, gifts, grants paid....... 76,000 76,000
26 Total expenses and disbursements. Add lines 24 and 25 109,277 15,644 0 92,224
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 20,234
b Net investment income (if negative, enter -0-) 113,865
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 73,160 59,998 59,998
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,936,312 Click to see attachment
List of Attached Documents:
// Content
2,074,147 		2,539,709
c Investments—corporate bonds (attach schedule)....... 349,949 Click to see attachment
List of Attached Documents:
// Content
246,745 		247,379
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)..........     0
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) 2,359,421 2,380,890 2,847,086
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
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........ 2,359,421 2,380,890
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,359,421 2,380,890
30 Total liabilities and net assets/fund balances (see instructions). 2,359,421 2,380,890
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
2,359,421
2
Enter amount from Part I, line 27a .....................
2
20,234
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,237
4
Add lines 1, 2, and 3 ..........................
4
2,380,892
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,380,890
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 15. ADVANCED MICRO DEVICES INC W/1   2023-07-17 2024-02-15
b 5. ALPHABET INC   2015-10-02 2024-02-15
c 2. AMERICAN TOWER CORP -CL A (REIT)   2023-11-17 2024-02-15
d 2. ANALOG DEVICES   2017-11-15 2024-02-15
e 3. APPLE COMPUTER   2020-03-25 2024-02-15
1. BERKSHIRE HATHAWAY CL-B   2023-09-28 2024-02-15
1. BROADCOM INC   2023-12-21 2024-02-15
2. COMCAST CORP NEW   2023-05-02 2024-02-15
1. CONSTELLATION BRANDS INC CL A   2022-05-19 2024-02-15
1. COSTCO WHOLESALE CORP   2018-02-14 2024-02-15
4. DISNEY (WALT) CO   2023-11-17 2024-02-15
1. EOG RESOURCES INC   2022-05-19 2024-02-15
4. EMERSON ELECTRIC CO   2022-11-10 2024-02-15
6. EXXON MOBIL CORP COM   2022-11-10 2024-02-15
2. FACEBOOK INC CL-A   2023-05-02 2024-02-15
946.86 FIRST EAGLE FDS   2023-04-12 2024-02-15
5821.57 FIRST EAGLE FDS   2022-05-20 2024-02-15
32. FISERV INC   2022-03-16 2024-02-15
4. GENERAL ELEC CO   2023-05-02 2024-02-15
13. ISHARES S & P SMALLCAP 600   2021-03-18 2024-02-15
2. ELI LILLY & CO   2020-03-25 2024-02-15
1. LOCKHEED MARTIN (COMMON STOCK)   2022-05-19 2024-02-15
1. M & T BANK CORP   2018-05-22 2024-02-15
2638.15 MFS SER TR XIII   2021-03-19 2024-02-15
1. MCDONALDS CORP   2021-12-20 2024-02-15
3. MICROSOFT CORP   2012-09-24 2024-02-15
1. NETFLIX INC   2023-02-07 2024-02-15
3. NEXTERA ENERGY, INC   2018-12-27 2024-02-15
2. PALO ALTO NETWORKS INC   2023-12-21 2024-02-15
1. PARKER HANNIFIN CORP   2023-02-07 2024-02-15
2. PEPSICO INC   2020-05-15 2024-02-15
2. PROCTER & GAMBLE CO   2020-03-25 2024-02-15
1. ROCKWELL INTL CORP NEW   2023-02-07 2024-02-15
1. SALESFORCE.COM INC   2023-02-07 2024-02-15
1. SERVICENOW INC   2022-06-29 2024-02-15
3. TJX COMPANIES INC W/1 RT/SH   2023-09-28 2024-02-15
2. T-MOBILE US INC   2023-02-07 2024-02-15
2. TESLA INC   2021-02-24 2024-02-15
4. US BANCORP DEL NEW   2023-12-21 2024-02-15
1. UNITEDHEALTH GROUP INC   2018-09-06 2024-02-15
68.65 VICTORY PORTFOLIOS   2023-04-12 2024-02-15
1762.04 VICTORY PORTFOLIOS   2021-10-11 2024-02-15
2. VISA INC   2018-05-22 2024-02-15
3. WAL-MART STORES, INC.   2022-11-10 2024-02-15
1014.68 WASATCH FDS TR   2023-04-12 2024-02-15
1671.97 WASATCH FDS TR   2021-10-11 2024-02-15
1. ZOETIS INC   2023-11-17 2024-02-15
1. ACCENTURE PLC-CL A   2020-03-25 2024-02-15
2. CHUBB LTD   2010-12-22 2024-02-15
11. ADOBE SYS INC W/1 RT/SH   2023-05-31 2024-03-01
4. ADOBE SYS INC W/1 RT/SH   2024-02-15 2024-03-01
46. ADOBE SYS INC W/1 RT/SH   2023-02-07 2024-03-01
1. ADVANCED MICRO DEVICES INC W/1   2023-07-17 2024-03-01
1. ALPHABET INC   2015-10-02 2024-03-01
1. AMAZON.COM INC   2020-03-25 2024-03-01
1. AMERICAN ELECTRIC POWER CO INC   2022-05-19 2024-03-01
1. APPLE COMPUTER   2020-03-25 2024-03-01
5. BOOKING HLDGS INC   2023-02-07 2024-03-01
1. BOSTON SCIENTIFIC CORP   2023-05-02 2024-03-01
1. EOG RESOURCES INC   2022-05-19 2024-03-01
1. EMERSON ELECTRIC CO   2022-11-10 2024-03-01
1. INTUITIVE SURGICAL INC   2023-05-02 2024-03-01
2. ISHARES S & P MIDCAP 400   2024-02-15 2024-03-01
1. ISHARES S & P SMALLCAP 600   2021-03-18 2024-03-01
119. NEXTERA ENERGY, INC   2023-09-28 2024-03-01
165. NEXTERA ENERGY, INC   2018-12-27 2024-03-01
1. NVIDIA CORP   2020-07-09 2024-03-01
87. PNC FINANCIAL CORP   2023-11-17 2024-03-01
93. PEPSICO INC   2020-05-15 2024-03-01
3. SPDR INDEX SHS FDS   2024-02-15 2024-03-01
52. UNITEDHEALTH GROUP INC   2018-09-06 2024-03-01
1. VALERO ENERGY   2013-09-30 2024-03-01
7. VANGUARD TAX-MANAGED INTL FD   2024-02-15 2024-03-01
2. VANGUARD INTL EQUITY INDEX FDS   2024-02-15 2024-03-01
1. WAL-MART STORES, INC.   2022-11-10 2024-03-01
1. ZOETIS INC   2023-11-17 2024-03-01
1. LINDE PLC   2023-11-17 2024-03-01
.5 GE VERNOVA INC.   2023-05-02 2024-04-16
7. AMERICAN ELECTRIC POWER CO INC   2022-05-19 2024-04-25
72. APPLE COMPUTER   2020-03-25 2024-04-25
10. APPLIED MATERIALS INC   2024-03-01 2024-04-25
5. ATMOS ENERGY CORP   2023-05-31 2024-04-25
9. BOSTON SCIENTIFIC CORP   2023-05-02 2024-04-25
39. GE VERNOVA INC.   2023-05-02 2024-04-25
14. ELI LILLY & CO   2020-03-25 2024-04-25
27. SYNOPSYS INC W/1 RT/SH   2023-05-31 2024-04-25
65. VISA INC   2018-05-22 2024-04-25
1. ALPHABET INC   2015-10-02 2024-06-18
1. BOSTON SCIENTIFIC CORP   2023-05-02 2024-06-18
238. COMCAST CORP NEW   2024-04-25 2024-06-18
258. COMCAST CORP NEW   2023-05-02 2024-06-18
113. DISNEY (WALT) CO   2023-11-17 2024-06-18
5. DISNEY (WALT) CO   2024-04-25 2024-06-18
1. EMERSON ELECTRIC CO   2022-11-10 2024-06-18
1. EXXON MOBIL CORP COM   2022-11-10 2024-06-18
1. INTUITIVE SURGICAL INC   2023-05-02 2024-06-18
2. ISHARES S & P MIDCAP 400   2024-02-15 2024-06-18
1. ISHARES S & P SMALLCAP 600   2021-03-18 2024-06-18
88. J P MORGAN CHASE & CO   2018-06-20 2024-06-18
77. LOWES COMPANIES INC   2024-03-01 2024-06-18
83. MCDONALDS CORP   2021-12-20 2024-06-18
41. PARKER HANNIFIN CORP   2023-02-07 2024-06-18
1. RTX CORP   2024-04-25 2024-06-18
2. SPDR INDEX SHS FDS   2024-02-15 2024-06-18
62. SALESFORCE.COM INC   2023-02-07 2024-06-18
1. TJX COMPANIES INC W/1 RT/SH   2023-09-28 2024-06-18
6. VANGUARD TAX-MANAGED INTL FD   2024-02-15 2024-06-18
1. VANGUARD INTL EQUITY INDEX FDS   2024-02-15 2024-06-18
1. LINDE PLC   2023-11-17 2024-06-18
31.99839 AES CORP   2024-06-18 2024-07-19
1.00161 AES CORP   2024-06-18 2024-07-19
4. ADVANCED MICRO DEVICES INC W/1   2023-07-17 2024-07-19
7. ALPHABET INC   2015-10-02 2024-07-19
11. AMAZON.COM INC   2020-03-25 2024-07-19
7. AMERICAN ELECTRIC POWER CO INC   2022-05-19 2024-07-19
1. AMERICAN TOWER CORP -CL A (REIT)   2023-11-17 2024-07-19
2. ANALOG DEVICES   2017-11-15 2024-07-19
5. APPLE COMPUTER   2020-03-25 2024-07-19
3. APPLIED MATERIALS INC   2024-03-01 2024-07-19
3. ATMOS ENERGY CORP   2023-05-31 2024-07-19
1. BERKSHIRE HATHAWAY CL-B   2023-09-28 2024-07-19
10. BOSTON SCIENTIFIC CORP   2023-05-02 2024-07-19
1. BROADCOM INC   2023-12-21 2024-07-19
3. CONSTELLATION BRANDS INC CL A   2022-05-19 2024-07-19
3. EOG RESOURCES INC   2022-05-19 2024-07-19
6. EMERSON ELECTRIC CO   2022-11-10 2024-07-19
4. EXXON MOBIL CORP COM   2022-11-10 2024-07-19
4. FACEBOOK INC CL-A   2023-05-02 2024-07-19
3. GENERAL ELEC CO   2023-05-02 2024-07-19
4. INTUITIVE SURGICAL INC   2023-05-02 2024-07-19
2. ELI LILLY & CO   2020-03-25 2024-07-19
1. LOCKHEED MARTIN (COMMON STOCK)   2022-05-19 2024-07-19
4. M & T BANK CORP   2018-05-22 2024-07-19
5. MICROSOFT CORP   2012-09-24 2024-07-19
1. NETFLIX INC   2023-02-07 2024-07-19
15. NVIDIA CORP   2020-07-09 2024-07-19
1. O'REILLY AUTOMOTIVE INC   2024-06-18 2024-07-19
4. ORACLE CORP   2024-06-18 2024-07-19
4. PALO ALTO NETWORKS INC   2023-12-21 2024-07-19
2. PROCTER & GAMBLE CO   2020-03-25 2024-07-19
4. RTX CORP   2024-04-25 2024-07-19
2. ROCKWELL INTL CORP NEW   2023-02-07 2024-07-19
119. SPDR INDEX SHS FDS   2024-02-15 2024-07-19
1. SERVICENOW INC   2022-06-29 2024-07-19
16. SHERWIN WILLIAMS CO   2024-06-18 2024-07-19
3. STRYKER CORP   2024-03-01 2024-07-19
3. TJX COMPANIES INC W/1 RT/SH   2023-09-28 2024-07-19
2. T-MOBILE US INC   2023-02-07 2024-07-19
1. TARGET CORP   2024-03-01 2024-07-19
2. TESLA INC   2021-02-24 2024-07-19
3. US BANCORP DEL NEW   2023-12-21 2024-07-19
5. VALERO ENERGY   2013-09-30 2024-07-19
477. VANGUARD TAX-MANAGED INTL FD   2024-02-15 2024-07-19
2. VISA INC   2019-08-26 2024-07-19
6. WAL-MART STORES, INC.   2022-11-10 2024-07-19
4. ZOETIS INC   2023-11-17 2024-07-19
2. ACCENTURE PLC-CL A   2020-03-25 2024-07-19
1. LINDE PLC   2023-11-17 2024-07-19
2. CHUBB LTD   2010-12-22 2024-07-19
4. CHIPOTLE MEXICAN GRILL INC CLASS A   2024-07-19 2024-08-09
500. CHIPOTLE MEXICAN GRILL INC CLASS A   2021-02-24 2024-08-09
120. NVIDIA CORP   2020-07-09 2024-08-09
101. TARGET CORP   2024-03-01 2024-08-09
91. TESLA INC   2021-02-24 2024-08-09
50000. PPG INDS INC   2020-02-20 2024-08-15
4143.69 FEDERATED HERMES INSTL TR   2018-02-14 2024-08-22
2396.93 METROPOLITAN WEST FDS   2019-08-26 2024-08-22
2063.1 VANGUARD INFLATION PROTECTED SECURITIES FUND - ADMIRAL SHARES   2022-04-05 2024-08-22
50000. BB&T CORP SR MEDIUM TERM NTS BOOK ENTRY   2020-02-20 2024-10-26
1089. AES CORP   2024-06-18 2024-11-22
158. APPLIED MATERIALS INC   2024-03-01 2024-11-22
7. APPLIED MATERIALS INC   2024-08-22 2024-11-22
4. CONSTELLATION BRANDS INC CL A   2024-08-22 2024-11-22
84. CONSTELLATION BRANDS INC CL A   2022-05-19 2024-11-22
18. ELI LILLY & CO   2020-03-25 2024-11-22
105. MICRON TECHNOLOGY INC   2024-06-18 2024-11-22
5005.36 FEDERATED TOTAL RETURN SERS INC   2017-12-08 2024-12-05
3345.98 GUGGENHEIM FDS TR   2019-06-27 2024-12-05
2. ISHARES TR   2024-08-22 2024-12-05
6. ISHARES TR   2024-08-22 2024-12-05
141. ISHARES TR   2023-08-01 2024-12-05
4882.81 LOOMIS SAYLES FDS II   2022-05-27 2024-12-05
20721.64 LORD ABBETT INVT TR   2017-12-08 2024-12-05
2624.74 METROPOLITAN WEST FDS   2019-08-26 2024-12-05
1677.85 PIMCO FDS   2022-04-05 2024-12-05
(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 2,665   1,716 949
b 711   163 548
c 378   400 -22
d 377   179 198
e 545   192 353
404   358 46
1,267   1,125 142
84   82 2
245   235 10
725   186 539
447   381 66
114   123 -9
423   369 54
621   660 -39
972   482 490
23,529   23,566 -37
144,666   139,645 5,021
4,721   3,271 1,450
592   406 186
1,412   1,478 -66
1,516   246 1,270
421   425 -4
139   185 -46
43,266   54,391 -11,125
291   261 30
1,217   93 1,124
591   357 234
171   128 43
730   601 129
523   346 177
335   273 62
314   202 112
283   288 -5
291   168 123
785   479 306
294   267 27
324   283 41
396   488 -92
166   173 -7
519   270 249
3,259   3,094 165
83,662   88,964 -5,302
561   262 299
508   426 82
16,570   15,935 635
27,303   37,513 -10,210
189   176 13
371   156 215
503   124 379
6,196   4,580 1,616
2,253   2,367 -114
25,909   17,281 8,628
199   114 85
138   33 105
177   95 82
85   98 -13
180   64 116
17,322   12,404 4,918
66   53 13
115   123 -8
109   92 17
384   302 82
115   114 1
107   114 -7
6,526   7,120 -594
9,049   7,502 1,547
802   104 698
12,810   11,393 1,417
15,193   13,762 1,431
125   127 -2
24,930   14,356 10,574
143   34 109
342   336 6
83   82 1
59   47 12
192   176 16
449   409 40
68   42 26
603   688 -85
12,201   4,602 7,599
1,946   2,077 -131
588   579 9
657   479 178
5,463   3,280 2,183
10,162   1,724 8,438
14,139   12,365 1,774
17,639   10,740 6,899
176   33 143
76   54 22
8,840   8,995 -155
9,583   10,606 -1,023
11,434   10,750 684
506   557 -51
107   92 15
110   110  
431   302 129
117   114 3
106   114 -8
17,317   8,619 8,698
17,525   18,723 -1,198
20,803   21,457 -654
20,826   14,171 6,655
105   101 4
83   84 -1
14,282   10,410 3,872
110   89 21
298   288 10
44   41 3
438   409 29
547   607 -60
17   19 -2
616   458 158
1,252   228 1,024
2,016   1,047 969
652   688 -36
211   200 11
474   179 295
1,130   320 810
647   623 24
369   347 22
440   358 82
766   536 230
163   112 51
741   706 35
394   370 24
698   554 144
474   440 34
1,930   963 967
476   241 235
1,804   1,209 595
1,745   246 1,499
475   425 50
668   742 -74
2,192   155 2,037
644   357 287
1,799   156 1,643
1,035   1,054 -19
558   574 -16
1,328   1,203 125
337   202 135
414   405 9
545   576 -31
5,186   5,025 161
746   479 267
5,151   4,800 351
1,003   1,053 -50
339   267 72
365   283 82
150   153 -3
490   488 2
133   130 3
741   171 570
24,052   22,929 1,123
537   338 199
424   284 140
716   704 12
665   312 353
443   409 34
525   124 401
223   213 10
27,846   14,848 12,998
12,508   1,248 11,260
13,565   15,469 -1,904
17,863   19,688 -1,825
50,000   51,130 -1,130
36,920   39,321 -2,401
25,000   28,619 -3,619
48,421   55,724 -7,303
50,000   52,074 -2,074
14,361   20,611 -6,250
27,507   32,811 -5,304
1,219   1,421 -202
957   975 -18
20,102   19,756 346
13,528   3,695 9,833
10,779   16,302 -5,523
47,751   53,018 -5,267
81,843   83,485 -1,642
217   217  
478   474 4
3,170   3,099 71
48,633   50,000 -1,367
80,193   86,710 -6,517
27,245   30,248 -3,003
12,416   15,000 -2,584
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       949
b       548
c       -22
d       198
e       353
      46
      142
      2
      10
      539
      66
      -9
      54
      -39
      490
      -37
      5,021
      1,450
      186
      -66
      1,270
      -4
      -46
      -11,125
      30
      1,124
      234
      43
      129
      177
      62
      112
      -5
      123
      306
      27
      41
      -92
      -7
      249
      165
      -5,302
      299
      82
      635
      -10,210
      13
      215
      379
      1,616
      -114
      8,628
      85
      105
      82
      -13
      116
      4,918
      13
      -8
      17
      82
      1
      -7
      -594
      1,547
      698
      1,417
      1,431
      -2
      10,574
      109
      6
      1
      12
      16
      40
      26
      -85
      7,599
      -131
      9
      178
      2,183
      8,438
      1,774
      6,899
      143
      22
      -155
      -1,023
      684
      -51
      15
       
      129
      3
      -8
      8,698
      -1,198
      -654
      6,655
      4
      -1
      3,872
      21
      10
      3
      29
      -60
      -2
      158
      1,024
      969
      -36
      11
      295
      810
      24
      22
      82
      230
      51
      35
      24
      144
      34
      967
      235
      595
      1,499
      50
      -74
      2,037
      287
      1,643
      -19
      -16
      125
      135
      9
      -31
      161
      267
      351
      -50
      72
      82
      -3
      2
      3
      570
      1,123
      199
      140
      12
      353
      34
      401
      10
      12,998
      11,260
      -1,904
      -1,825
      -1,130
      -2,401
      -3,619
      -7,303
      -2,074
      -6,250
      -5,304
      -202
      -18
      346
      9,833
      -5,523
      -5,267
      -1,642
       
      4
      71
      -1,367
      -6,517
      -3,003
      -2,584
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 55,234
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,583
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,583
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,583
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,692
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,692
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 109
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow109 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowOH
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowHUNTINGTON NATIONAL BANK Telephone no.right arrow (330) 742-5499

Located atright arrowPO BOX 1558 DEPT EA5W86COLUMBUSOH ZIP+4right arrow43216
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(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
 
No
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
ROBERT S MCCULLOCH III DIRECTOR
1 		0    
165 E STATE STREET
SALEM,OH44460
HUNTINGTON NATIONAL BANK TRUSTEE
1 		29,549    
PO BOX 1558 DEPT EA5W86
COLUMBUS,OH43216
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
2,726,294
b
Average of monthly cash balances.......................
1b
75,812
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,802,106
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
2,802,106
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
42,032
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,760,074
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
138,004
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
138,004
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,583
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,583
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
136,421
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
136,421
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
136,421
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
92,224
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
92,224
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 7 136,421
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 7,582
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 92,224
a Applied to 2023, but not more than line 2a 7,582
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..... 84,642
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		51,779
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
CRYSTAL HUDSPETH
PO BOX EA5W86
COLUMBUS,OH43216
(330) 742-5499
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN APPLICATION STATING PURPOSE OF REQUEST
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
RESTRICTED TO ORGANIZATIONS IN THE CITY OF SALEM OR THE STATE OF OHIO.
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

YOUNGSTOWN STATE UNIVERSITY

1 UNIVERSITY PLAZA
YOUNGSTOWN,OH44555 		NONE I SCHOLARSHIPS 10,000

UNITED WAY WORLDWIDE

701 N FAIRFAX ST
ALEXANDRIA,VA22314 		NONE PC GENERAL OPERATING 20,000

WESTMINSTER COLLEGE

319 S MARKET ST
NEW WILMNGTN,PA161720002 		NONE I SCHOLARSHIPS 5,000

KENT STATE UNIVERSITY

PO BOX 5190
KENT,OH442420001 		NONE I SCHOLARSHIPS 10,000

UNIVERSITY OF MOUNT UNION

1972 CLARK AVE
ALLIANCE,OH446013929 		NONE I SCHOLARSHIPS 5,000

SALEM COMMUNITY FOUNDATION INC

PO BOX 553
SALEM,OH444600553 		NONE PC GENERAL OPERATING 4,000

OHIO NORTHERN UNIVERSITY

525 SOUTH MAIN STREET
ADA,OH458106000 		NONE I SCHOLARSHIPS 5,000

THE BRIGHTSIDE PROJECT

483 E PERSHING ST
SALEM,OH44460 		NONE PC GENERAL OPERATING 7,000

THIEL COLLEGE

75 COLLEGE AVE
GREENVILLE,PA16125 		NONE I SCHOLARSHIPS 5,000

UNIVERSITY OF CENTRAL FLORIDA

4000 CENTRAL FLORIDA BLVD
ORLANDO,FL32816 		NONE I SCHOLARSHIPS 5,000
Total .................................right arrow 3a 76,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 74,277  
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 55,234  
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) ..   129,511  
13Total. Add line 12, columns (b), (d), and (e)..................
13
129,511
(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:
THE PEARCE FOUNDATION
EIN:
34-6572300
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,250     1,250

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
THE PEARCE FOUNDATION
EIN:
34-6572300
Statement:
The Ohio Attorney General requires that charitable organizations operating or organized within the State submit an annual registration through an online portal that highlights key information from the Form 990-PF for public disclosure purposes. The Trust completes this registration as required in lieu of furnishing a copy of its Form 990-PF to comply with the specific reporting instructions of the State of Ohio.

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE PEARCE FOUNDATION
EIN:
34-6572300
Name of Bond End of Year Book Value End of Year Fair Market Value
05531FBB8 BB&T CORP SR MEDIUM    
693506BQ9 PPG INDS INC    
17252MAN0 CINTAS CORP NO 2 48,644 49,043
61746BDZ6 MORGAN STANLEY 48,700 49,626
24422EWJ4 DEERE JOHN CAP CORP 49,677 49,817
808513BB0 SCHWAB CHARLES CORP 49,837 49,884
032654AN5 ANALOG DEVICES INC 49,887 49,009

TY 2024 InvestmentsCorpStockSchedule
Name:
THE PEARCE FOUNDATION
EIN:
34-6572300
Name of Stock End of Year Book Value End of Year Fair Market Value
55261F104 M & T BK CORP 30,959 36,850
023135106 AMAZON COM INC 32,901 51,337
254687106 DISNEY WALT CO    
02079K305 ALPHABET INC 19,802 49,029
46120E602 INTUITIVE SURGICAL I 19,623 32,362
532457108 LILLY ELI & CO 12,529 23,932
713448108 PEPSICO INC    
40168W483 GUGGENHEIM FDS TR    
337738108 FISERV INC 18,627 24,445
594918104 MICROSOFT CORP 26,762 72,077
H1467J104 CHUBB LTD 6,269 21,275
92826C839 VISA INC 10,874 19,911
592905749 METROPOLITAN WEST FD    
G1151C101 ACCENTURE PLC-CL A 12,329 24,625
773903109 ROCKWELL AUTOMATION 16,638 16,576
31420B847 FEDERATED HERMES INS    
31428Q739 FEDERATED TOTAL RETU    
552982720 MFS SER TR XIII    
65339F101 NEXTERA ENERGY INC    
67066G104 NVIDIA CORP 10,011 72,651
037833100 APPLE INC 16,625 50,084
742718109 PROCTER & GAMBLE CO 23,506 25,315
91913Y100 VALERO ENERGY CORP N 9,854 19,492
543916688 LORD ABBETT INVT TR    
032654105 ANALOG DEVICES INC 9,765 20,184
91324P102 UNITEDHEALTH GROUP I    
007903107 ADVANCED MICRO DEVIC 19,188 19,447
22160K105 COSTCO WHOLESALE COR 13,046 30,237
46625H100 JPMORGAN CHASE & CO 20,046 28,286
88160R101 TESLA INC    
936793744 WASATCH FDS TR    
92646A831 VICTORY PORTFOLIOS    
169656105 CHIPOTLE MEXICAN GRI    
09857L108 BOOKING HLDGS INC    
580135101 MCDONALDS CORP    
464287804 ISHARES TR 53,427 54,384
543487136 LOOMIS SAYLES FDS II    
21036P108 CONSTELLATION BRANDS    
32008F200 FIRST EAGLE FDS    
72201F623 PIMCO FDS    
26875P101 EOG RES INC 13,196 13,116
025537101 AMERICAN ELEC PWR CO 26,774 25,548
81762P102 SERVICENOW INC 12,802 27,563
922031737 VANGUARD FIXED INCOM    
30231G102 EXXON MOBIL CORP 23,473 21,944
291011104 EMERSON ELEC CO 15,611 22,183
539830109 LOCKHEED MARTIN CORP 11,189 12,634
931142103 WAL MART STORES INC 12,219 22,768
00724F101 ADOBE SYS INC    
03027X100 AMERICAN TOWER CORP 14,839 13,572
049560105 ATMOS ENERGY CORP 12,457 14,902
084670702 BERKSHIRE HATHAWAY C 21,052 26,290
101137107 BOSTON SCIENTIFIC CO 21,362 35,996
11135F101 BROADCOM INC 26,345 50,541
20030N101 COMCAST CORP NEW    
30303M102 FACEBOOK INC CL-A 24,652 50,354
316188309 FIDELITY MERRIMACK S 69,541 68,337
369604301 GENERAL ELEC CO 13,498 26,853
464287242 ISHARES TR 252,457 247,548
464288661 ISHARES TR 253,409 252,015
46434V787 ISHARES TR 22,728 22,919
64110L106 NETFLIX INC 13,875 32,979
693475105 PNC FINL SVCS GROUP    
697435105 PALO ALTO NETWORKS I 24,638 29,478
701094104 PARKER-HANNIFIN CORP    
79466L302 SALESFORCE.COM INC 24,010 23,737
871607107 SYNOPSYS INC    
872540109 TJX COS INC NEW 11,794 15,705
872590104 T-MOBILE US INC 13,667 20,969
902973304 US BANCORP DEL 18,084 18,223
98978V103 ZOETIS INC 16,041 14,827
G54950103 LINDE PLC 16,089 16,328
22788C105 CROWDSTRIKE HOLDINGS 12,001 10,607
253868103 DIGITAL RLTY TR INC 14,797 13,832
285512109 ELECTRONIC ARTS INC 28,779 28,675
458140100 INTEL CORP 15,694 12,872
464287176 ISHARES TR 23,477 23,015
464287507 ISHARES TR 102,443 111,535
464288513 ISHARES TR 47,035 46,797
67103H107 O'REILLY AUTOMOTIVE 22,206 24,902
68389X105 ORACLE CORP 19,639 22,830
747525103 QUALCOMM INC 12,933 12,136
75513E101 RTX CORP 22,508 25,574
78463X749 SPDR INDEX SHS FDS 52,755 53,398
824348106 SHERWIN WILLIAMS CO 13,317 14,957
863667101 STRYKER CORP 25,981 26,644
883556102 THERMO FISHER SCIENT 13,204 11,965
921943858 VANGUARD TAX-MANAGED 155,290 154,028
922042858 VANGUARD INTL EQUITY 105,242 108,118
92343V104 VERIZON COMMUNICATIO 18,263 17,996

TY 2024 OtherDecreasesSchedule
Name:
THE PEARCE FOUNDATION
EIN:
34-6572300
Description Amount
ROC ON CY SALES 2


TY 2024 OtherExpensesSchedule
Name:
THE PEARCE FOUNDATION
EIN:
34-6572300
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING/TAX PAYMENT 200 0   200


TY 2024 OtherIncreasesSchedule
Name:
THE PEARCE FOUNDATION
EIN:
34-6572300
Description Amount
MUTUAL FUND TIMING ADJ 1,236
ROUNDING 1


TY 2024 TaxesSchedule
Name:
THE PEARCE FOUNDATION
EIN:
34-6572300
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 458 458   0
FEDERAL ESTIMATES - PRINCIPAL 1,408 0   0
FOREIGN TAXES ON NONQUALIFIED 412 412   0