TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
MARVIN AND VIRGINIA SCHMID
FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)909 VANNORNAM PLACE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BELLEVUE, NE680052564

A Employer identification number

47-0800637

B Telephone number (see instructions)

(402) 397-1999

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$38,863,718J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	887,903		887,903	887,903
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,916,908
b	Gross sales price for all assets on line 6a 7,986,349
7	Capital gain net income (from Part IV, line 2)...			1,916,908
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........	2,804,811		2,804,811	887,903
13	Compensation of officers, directors, trustees, etc.	75,000		75,000	75,000	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	3,825		3,825	3,825	0
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	57,788	57,788	57,788	0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	9,060	9,060	9,060	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	49,212	21,738	21,738	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	1,861		1,861	1,861	0
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	296,542	298,181	296,442	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	493,288		467,453	465,714	0
25	Contributions, gifts, grants paid.......	1,690,000				1,690,000
26	Total expenses and disbursements. Add lines 24 and 25	2,183,288		467,453	465,714	1,690,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	621,523
b	Net investment income (if negative, enter -0-)			2,337,358
c	Adjusted net income (if negative, enter -0-)...				422,189

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	3,687,880	1,564,706	1,564,706
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	6,915,033	List of Attached Documents: // Content 6,431,873	10,484,579
	c	Investments—corporate bonds (attach schedule).......	4,280,541	List of Attached Documents: // Content 7,635,854	7,228,678
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	12,674,693	List of Attached Documents: // Content 12,554,994	19,585,755
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	27,558,147	28,187,427	38,863,718
	17	Accounts payable and accrued expenses..........	3,426	3,426
	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 )
	23	Total liabilities (add lines 17 through 22).........	3,426	3,426
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	27,554,721	28,184,001
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	27,554,721	28,184,001
	30	Total liabilities and net assets/fund balances (see instructions).	27,558,147	28,187,427

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

27,554,721

Enter amount from Part I, line 27a .....................

621,523

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

7,757

Add lines 1, 2, and 3 ..........................

28,184,001

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

28,184,001

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	FIRST NATIONAL BANK LT - SEE ATTACHED		2020-01-01	2024-12-31
b	FIRST NATIONAL BANK ST - SEE ATTACHED		2024-01-01	2024-12-31
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	7,133,688	5,454,660	1,679,028
b	646,921	614,781	32,140
c	205,740		205,740
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			1,679,028
b			32,140
c			205,740
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,916,908
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 ...................		3	32,140

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	32,489
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	32,489
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	32,489
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	18,800
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	18,800
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	513
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	14,202
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

MARTHA DAVIS Telephone no. right arrow

(402) 415-7822

Located at right arrow

909 VANNORNAM PLACEBELLEVUENE ZIP+4 right arrow

68005

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
PAIGE NORTON	DIRECTOR 0.00	5,000
35 COTTONWOOD DRIVE 35 COTTONWOOD DRIVE COLUMBUS,NE68061	DIRECTOR 0.00	5,000
MARTHA ROGERS DAVIS	DIRECTOR/PRESIDENT 20.00	50,000
909 VANNORNAM PLACE 909 VANNORNAM PLACE BELLEVUE,NE68005	DIRECTOR/PRESIDENT 20.00	50,000
MICHAEL SULLIVAN	DIRECTOR 0.00	0
1500 WOODMEN TOWER 1500 WOODMEN TOWER OMAHA,NE68112	DIRECTOR 0.00	0
ERIC SCHMID	DIRECTOR 0.00	5,000
19225 SW 41ST STREET 19225 SW 41ST STREET MIRAMAR,FL33029	DIRECTOR 0.00	5,000
MARY SCHMID NORTON	DIRECTOR 0.00	5,000
35 COTTONWOOD DRIVE 35 COTTONWOOD DRIVE COLUMBUS,NE68601	DIRECTOR 0.00	5,000
HEIDI WILSON	SECRETARY 0.00	5,000
PO BOX 2598 SILVERTHORNE,CO80498	SECRETARY 0.00	5,000
STEVEN WADE	TREASURER 0.00	0
14010 FNB PARKWAY SUITE 200 14010 FNB PARKWAY SUITE 200 OMAHA,NE68154	TREASURER 0.00	0
CHRIS DAVIS	DIRECTOR/VICE PRES 0.00	5,000
28851 FONDA RD 28851 FONDA RD FIRTH,NE68358	DIRECTOR/VICE PRES 0.00	5,000

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...................				0

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

35,593,328

Average of monthly cash balances.......................

3,101,381

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

38,694,709

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

38,694,709

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

580,421

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

38,114,288

Minimum investment return. Enter 5% (0.05) of line 5................

1,905,714

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.)

Minimum investment return from Part IX, line 6..................

1,905,714

Tax on investment income for 2024 from Part V, line 5 .......

32,489

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

32,489

Distributable amount before adjustments. Subtract line 2c from line 1............

1,873,225

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,873,225

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,873,225

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,690,000

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,690,000

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				1,873,225
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			1,682,824
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 1,690,000
a Applied to 2023, but not more than line 2a			1,682,824
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.....				7,176
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2024.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				1,866,049
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF NEBRASKA FOUNDATION 1010 LINCOLN MALL LINCOLN,NE68508			SCHOLARSHIPS/LIBRARY/TECHNOLOGY	1,690,000
Total ................................. 3a				1,690,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	887,903
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 ............			14	1,916,908
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		2,804,811	0

13Total. Add line 12, columns (b), (d), and (e)..................

2,804,811

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	9,060	9,060	9,060	0

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Name of Bond	End of Year Book Value	End of Year Fair Market Value
INVESCO FLOATING RATE	238,067	224,447
AT&T INC	57,371	54,081
AGILENT TECHNOLOGIES	73,641	68,878
ALBEMARLE CORP SR 6/1/2032	42,844	42,829
ALIGNED DT CEN	30,000	28,519
ALPHABET INC SR NT	28,135	16,250
AMSR TRUST	5,643	5,403
ANGEL OAK MTG TRUST	10,995	10,154
BAMLL COM MTG SEC TR	31,988	29,400
BMW FINANCE	30,000	27,158
BX TR 2021 ARIA	14,962	14,958
BX CM MTG SER 2021	25,000	24,953
BX CM MTG SER 2022	17,138	17,250
BANK AMER CORP	68,926	68,767
BANK 2019	16,121	15,279
BAYLOR SCOTT & WHITE HLDGS	20,000	16,743
BRAVO RESIDENTIAL	5,533	5,516
BURLINGTON NORTHERN SANTA FE	74,541	65,363
CB RICHARD ELLIS SVCS	68,587	63,834
CARS DB SER 2021	13,894	13,093
CD 2018-CD7 MTG TR	15,087	14,347
CF HIPPOLYA ISSUER	45,171	43,941
CSMC TRUST SER 2017	20,950	17,146
CHUBB CORP BDS	32,723	27,349
CITIGROUP INC SR GLBL NT	67,761	67,655
COMCAST CORP NEW SR NT NCQ2	23,381	19,505
COREVEST AMERN FIN 2020-4	13,171	12,825
DISNEY WALT CO MTNS SR NT	50,292	41,868
DOLLAR GEN CORP NEW SR NT	33,284	32,118
EBAY INC SR GLBL	67,819	68,279
META PLATFORMS	53,021	51,114
FRESB 2019 MTG	16,204	15,375
FRTKL 2021 SINGLE FAM RENTAL	20,000	18,809
FEDERAL NATL MTG ASSN GRD REMIC	27,234	23,745
FEDERAL NATL MTG ASSN GRD REMIC	12,461	10,476
FEDERAL HOME LN MTG CORP MULTICLASS	20,603	19,138
FEDERAL NATL MTG ASSN GTD PASSTHRU	6,000	3,957
FINANCE OF AMR SER 2021	16,100	16,105
FIRSTKEY HOMES 2020	23,765	23,282
FREDDIE SCRTT SERIE 2020	14,055	11,186
FREDDIE MAC	35,303	31,454
FREDDIE MAC	10,102	9,037
FHLMCT SLSTT SERIES	12,861	10,753
GOLDMAN SACHS MORTGAGE	20,600	18,638
GOLDMAN SACHS GROUP INC SUB NT	14,953	14,950
GOLDMAN SACHS GROUP	67,358	68,950
GOV NATL MTG ASSN	6,502	5,984
HOME PART OF AMER SER 2021	21,570	19,295
HUDSON YARD MTG	25,748	22,717
HUNTINGTON INGALLS	68,858	67,214
INTERCONTINENTAL EXCHANGE INC FAH7	70,567	64,972
PALMER SQUARE INC PLUS	221,939	225,304
JPMORGAN CHASE & CO SR NT	34,873	34,778
KEYCORP MEDIUM TERM NTS FR	33,301	33,023
LAVISTA NE ECON DEV	5,000	4,468
LINCOLN NEB ELEC SYS	10,000	7,989
LINCOLN NEB WEST HAYMARKET	4,964	4,356
MFA SER 2020	4,951	4,677
MHP COM MORT TR SER 2022	13,611	13,640
MCDONALDS	83,346	64,880
MORGAN STANLEY SR NT	69,083	67,816
MORGAN STANLEY SER 2019	22,502	20,992
MOSAIC CO NEW SR NT	37,700	34,655
NATIONAL RETAIL PPTY 7AL0	63,942	63,455
NAVIENT PRIV EQU	3,719	3,500
NAVIENT PRIVATE SER 2021	11,483	10,030
NELNET STUDENT LN 2021	9,883	9,147
NIKE INC SR GLBL NT	4,894	3,942
NORTH TEXAS AUTH SER 2021	12,821	12,719
ORACLE CORP GLBL	72,337	69,337
PROGRESS RESIDENTIAL	19,886	19,028
QUALCOMM INC FR	68,467	57,831
REGIONS FINL CORP NEW SR GLBL	32,897	31,175
SREIT SER 2021	14,945	14,981
SABEY DATA CENTER	15,000	14,249
SCHWAB CHARLES CORP 3AX3	27,940	24,867
STACK INFRASTRUCTURE SER 2021	15,000	14,430
SUTHERLAND COML MTG	6,514	5,941
TTX	31,944	25,969
TEXAS ELEC MKT STABILIZATION	8,695	8,411
TRICON	24,157	22,075
TRICON RES TR	19,933	19,389
UBS COMM MTG	10,299	9,611
US BANCORP DEL PERP GLBL	10,000	9,860
US TREASURY BOND 1.750%	8,044	7,480
US TREASURY BOND 3.625%	589,588	521,151
US TREASURY NOTE 2.00%	359,164	275,951
US TREASURY NOTE 1.875%	664,542	647,886
US TREASURY NOTE 2.25%	378,979	383,928
US TREASURY NOTE 1.5%	649,912	647,047
VANTAGE DATA CTR MAC7	30,000	29,297
VERIZON COMMUNICATIONS INC GLBL NT	33,916	28,266
WASTE MANAGEMENT	73,795	69,185
WELLS FARGO & CO NEW SR 6RW3	75,191	70,550
XILINX	71,857	66,103
ALBEMARLE CORP SR 12/01/2044	10,610	8,925
CAMPBELL SOUP CO SR NT 4/24/2030	24,546	26,322
CHASE AUTO OWNER	29,996	30,652
CHASE HOME LENDING	15,232	15,654
DUKE ENERGY	67,275	66,641
FLORIDA PWR & LT CO	24,837	24,751
HONDA AUTO RECEIVABLES	24,996	25,398
LAD AUTO RECEIVABLES	19,267	19,369
PIONEER NAT RES CO	29,487	29,707
RTX CORPORATION	76,248	64,476
TAPESTRY INC SR NT	29,963	29,669
US TREASURY NOTE 3.875%	411,299	399,853
CAMPBELL SOUP CO SR NT 3/23/2035	39,620	37,718
CAPITAL ONE PR AR TR SER 2024	69,999	70,001
DISNEY WALT CO SR GLBL NT	16,258	15,880
ENERGY TRANSFER LP SR GLBL NT	65,067	64,667
FEDL NATL MTG ASSN GTD REMIC	59,678	59,189
GREATAMERICA REC TR SER 2024	19,998	20,133
GREENSKY HME IMP	15,000	15,143
HEWLETT PACKARD ENT CO SR NT	34,586	33,641
JP MORGAN CHASE GLBL NT	35,238	31,529
KROGER	39,935	38,740
KUBOTA OWNER TR 2024-2	14,998	15,134
M & T EQUIPMENT LLC	14,999	14,954
NISOURCE INC SR GLBL NT	30,460	29,751
REGIONS FINANCIAL CORP NEW SR NT	40,226	39,060
TRUIST FINL CORP	68,322	68,031
US BANCORP MEDIUM TERM NTS	57,938	57,434
US TREASURY NOTE 4.25%	447,387	443,029
US TREASURY NOTE 4.25%	9,878	9,740
WELL FAR COML MTG TR SER 2024	24,607	25,059

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AMBARELLA INC	65,979	82,269
ACCENTURE PLC CLASS A	37,746	129,459
EATON CORP PLC	38,306	151,001
ICON PLC	39,966	67,107
MEDTRONIC PLC	113,088	113,430
AMGEN INC	62,508	112,596
AMN HEALTHCARE SERVICES	68,278	30,952
AIR PRODS & CHEMS INC	12,663	93,973
ATLANTIC UN BANKSHARES	71,368	74,472
AGREE REALTY	86,988	93,980
BALCHEM CORP	36,231	73,511
BLACKBAUD INC	67,812	79,686
BLACKROCK INC	92,093	268,579
BROADRIDGE FINL SOLUTIONS INC	78,151	221,794
BROWN & BROWN	50,686	77,331
BURLINGTON STORES INC	76,175	169,041
CACI INTL INC CL A	52,882	97,379
CARLISLE COS INC	32,341	99,587
CASEY'S GENERAL STORE	40,778	108,963
CHEVRON CORP	43,848	173,808
CISCO SYSTEMS	31,998	100,877
COMCAST CORP	29,054	112,703
CONOCOPHILLIPS	48,758	120,883
CULLEN FROST BANKERS	160,039	255,344
DIODES	57,387	54,640
DORMAN PRODUCTS INC	29,032	61,018
DUKE ENERGY	70,392	102,353
ENERSYS	60,454	75,146
EXLSERVICE HOLDINGS	47,340	110,906
FORTUNE BRANDS HOME & SEC INC	59,159	70,038
FRANKLIN ELEC INC	27,280	60,711
ICF INTL INC COM	60,922	87,619
IDACORP	75,757	106,329
JOHNSON & JOHNSON	103,367	133,774
JONES LANG LASALLE INC	53,214	103,028
JP MORGAN CHASE & CO	41,341	319,054
LGI HOMES	70,051	55,249
LOCKHEED MARTIN	55,399	101,076
LAMAR ADVERTISING CO	57,824	95,566
LITTLEFUSE INC	67,736	101,565
MKS INSTRUMENT	62,299	72,029
MARKEL CORP	61,484	107,026
MERCK & CO	90,018	122,261
MICROCHIP TECHNOLOGY	42,186	79,200
MICROSOFT CORP	6,798	115,491
MOELIS	78,065	102,989
MOLINA HEALTHCARE	107,529	99,248
NEXSTAR BROADCASTING GROUP INC	18,963	55,290
NEXTERA ENERGY	68,750	169,547
OLLIES BARGAIN OUTLT HLDGS	56,178	140,893
OSHKOSH CORPORATION	37,032	51,718
PAYCHEX INC	48,176	114,279
PEPSICO	56,225	166,202
POWER INTEGRATIONS	104,623	83,850
PROCTOR & GAMBLE	79,984	179,386
PTC INC	22,841	93,038
QUALLCOMM INC	111,013	111,221
QUALYS INC COM	55,959	73,195
REALTY INCOME CORP	103,613	83,053
ROBERT HALF INTL INC	160,631	185,169
RPM INTL INC	89,883	206,618
SM ENERGY	73,220	78,179
SELECTIVE INS GROUP	49,470	98,944
SOUTH ST CORP	71,467	107,737
STIFEL FINL CORP	47,570	159,014
TJX COS INC	76,651	167,080
TARGET CORP COM	73,927	77,999
TETRA TECH INC	36,738	118,923
TEXAS INSTRUMENTS	20,474	112,881
TRACTOR SUPPLY CO	34,774	118,854
TRAVELERS CO	62,248	160,915
UMB FINL CORP	37,836	73,923
UNITED PARCEL SERVICE	81,054	88,522
US BANCORP	60,856	123,115
VERIZON COMMUNICATIONS	91,250	79,260
XCEL ENERGY	52,846	126,938
ENPRO	51,564	83,466
GENTEX CORP	64,798	58,523
ONTO INNOVATION	64,102	82,502
REVVITY	81,058	107,592
WYNDHAM HOTELS	56,400	84,361
ENOVIS CORPORATION	106,859	93,157
ABBOTT LABORATORIES COM	136,163	152,472
DOLLAR GEN CORP NEW COM	114,869	66,039
EOG RES INC COM	104,935	106,032
ECOLAB INC COM	85,003	87,870
INTEGER HLDGS CORP COM	68,365	87,066
LANCASTER COLONY CORP COM	61,980	62,677
LOWES COS INC COM	106,152	122,166
MONDELEZ INTL INC CL A	99,476	88,699
NORTHERN OIL AND GAS INC MN COM	69,568	61,017
PERMIAN RESOURCES CORP CLASS A COM	104,863	98,517
STARBUCKS CORP COM	75,685	89,334
STATE STR CORP COM	110,297	146,832
UNITEDHEALTH GROUP INC COM	83,720	88,020
ZOETIS INC CL A	78,994	67,453

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ABSOLUTE CONVERTIBLE ARBITRAGE FUND	AT COST	380,556	385,025
MANNING & NAPIER RAINER INT	AT COST	547,584	751,773
MFS GLOBAL REAL ESTATE FUND	AT COST	680,061	653,953
T ROWE PRICE BLUE CHIP GRWTH FD	AT COST	367,614	1,451,417
VANGUARD DEVELOPED MARKETS	AT COST	1,088,388	1,200,118
VANGUARD 500 IDX FD	AT COST	3,350,252	8,116,255
JP MORGAN HEDGED EQUITY FUND	AT COST	1,597,173	2,320,350
GOLDMAN SACHS GQG PARTNERS	AT COST	1,930,648	1,804,618
OIL MINERAL & GAS INTEREST	AT COST	1	4
JP MORGAN EXCHANGE TRADED FUND	AT COST	840,438	864,963
VANGUARD GROWTH INDEX FUND	AT COST	806,047	1,159,456
DIMENSIONAL ETF TRUST INTL CORE EQT	AT COST	423,232	387,046
GGQ PARTNERS EMERGING MARKETES	AT COST	543,000	490,777

- TIN:

TY 2024 LegalFeesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	57,788	57,788	57,788	0

- TIN:

TY 2024 OtherExpensesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income
INVESTMENT FEES	296,264	296,264	296,264
FOREIGN CONVERSION	182	1,821	82
MINERAL FEES	96	96	96

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Description	Amount
WASH SALE/TIMING DIFFERENCE	7,757

- TIN:

TY 2024 TaxesSchedule

Name:

MARVIN AND VIRGINIA SCHMID

FOUNDATION

EIN:

47-0800637

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	21,738	21,738	21,738	0
FEDERAL ESTIMATED TAX PAYMENTS	27,474	0	0	0