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 MERCHANTS BONDING COMPANY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6700 WESTOWN PARKWAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST DES MOINES, IA502667754
A Employer identification number

26-3035459
B Telephone number (see instructions)

(515) 243-8171
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$1,458,861J 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) 441,029
2 Check right arrow.............
3 Interest on savings and temporary cash investments 3,364 3,364  
4 Dividends and interest from securities... 20,653 20,653  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,260
b Gross sales price for all assets on line 6a 3,260
7 Capital gain net income (from Part IV, line 2)... 3,260
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 468,306 27,277 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,625 2,163 0 19,462
c Other professional fees (attach schedule).... 0 0 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,746 0 0 566
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,713 1,577 0 5,136
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 33,084 3,740 0 25,164
25 Contributions, gifts, grants paid....... 251,787 209,147
26 Total expenses and disbursements. Add lines 24 and 25 284,871 3,740 0 234,311
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 183,435
b Net investment income (if negative, enter -0-) 23,537
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......... 356,817 516,338 516,338
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
0 		0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 658,185 Click to see attachment
List of Attached Documents:
// Content
682,099 		942,523
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,015,002 1,198,437 1,458,861
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 1,015,002 1,198,437
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,015,002 1,198,437
30 Total liabilities and net assets/fund balances (see instructions). 1,015,002 1,198,437
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
1,015,002
2
Enter amount from Part I, line 27a .....................
2
183,435
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,198,437
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,198,437
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 CAPITAL GAIN DISTRIBUTIONS P 2024-12-31 2024-12-31
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,260   0 3,260
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 3,260
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,260
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) 1 327
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-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 327
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 327
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 21
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 21
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 306
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowLARRY TAYLOR Telephone no.right arrow (515) 243-8171

Located atright arrow6700 WESTOWN PKWYWEST DES MOINESIA ZIP+4right arrow50266
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
Yes
 
(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
Yes
 
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
Yes
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
LARRY TAYLOR PRESIDENT
0.100 		0 0 0
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
WILLIAM WARNER JR DIRECTOR
0.100 		0 0 0
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
THERESE WIELAGE VICE PRESIDENT
0.100 		0 0 0
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
ELISABETH SANDERSFELD TREASURER & SECRETARY
0.100 		0 0 0
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
MELISSA WARNER DIRECTOR
0.100 		0 0 0
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
JANET TAYLOR DIRECTOR
0.100 		0 0 0
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
BILL TAYLOR DIRECTOR
0.100 		0 0 0
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
JEFF TAYLOR DIRECTOR
0.100 		0 0 0
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
AMANDA WARNER DIRECTOR
0.100 		0 0  
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
STACEY CALE VICE PRESIDENT
0.100 		0 0  
6700 WESTOWN PARKWAY
WEST DES MOINES,IA502667754
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
 
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
 
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 NONE  
2 NONE  
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
0
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
898,522
b
Average of monthly cash balances.......................
1b
453,341
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,351,863
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
 
3
Subtract line 2 from line 1d.........................
3
1,351,863
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
20,278
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,331,585
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
66,579
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
66,579
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
327
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
327
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
66,252
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
66,252
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
66,252
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
234,311
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
234,311
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 66,252
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 169,924
b From 2020...... 99,050
c From 2021...... 319,752
d From 2022...... 125,944
e From 2023...... 506,961
f Total of lines 3a through e ........ 1,221,631
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 234,311
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 66,252
e Remaining amount distributed out of corpus 168,059
5 Excess distributions carryover applied to 2024.   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 1,389,690
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		169,924
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		1,219,766
10 Analysis of line 9:
a Excess from 2020.... 99,050
b Excess from 2021.... 319,752
c Excess from 2022.... 125,944
d Excess from 2023.... 506,961
e Excess from 2024.... 168,059
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).)
NOT APPLICABLE
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.
NOT APPLICABLE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

1969 FOUNDATION

3451 FALLS BRANCH COURT NORTH
BUFORD,GA30519 		NONE PC PROGRAM SUPPORT 400

29TH STATE FOUNDATION

16102 MAPLE DRIVE
URBANDALE,IA50323 		NONE PC PROGRAM SUPPORT 500

Above Beyond Cancer

1305 50TH STREET
WEST DES MOINES,IA50266 		NONE PC PROGRAM SUPPORT 2,500

AGAPE

4555 TROUSDALE DR
NASHVILLE,TN37204 		NONE PC PROGRAM SUPPORT 1,000

Aheinz 57 Pet Rescue

P O BOX 188
DESOTO,IA50069 		NONE PC PROGRAM SUPPORT 52

Alzheimer's Assocation

225 N MICHIGAN AVE FLOOR 17
CHICAO,IL60601 		NONE PC PROGRAM SUPPORT 1,000

American Heart Association

PO BOX 4002902
DES MOINES,IA503402902 		NONE PC PROGRAM SUPPORT 620

American Red Cross

PO BOX 37839
BOONE,IA500370839 		NONE PC PROGRAM SUPPORT 250

ANKENY JAGUARS SHOOTING SPORTS FOUNDATION

2602 13TH CT
ANKENY,IA50023 		NONE PC PROGRAM SUPPORT 500

Auburn University Foundation

317 SOUTH COLLEGE STREET McWHORTER
SCHOOL OF BUILDING S
AUBRUN,AL36830 		NONE PC PROGRAM SUPPORT 250

BEST BUDDIES IOWA

7648 HICKMAN ROAD
DES MOINES,IA50324 		NONE PC PROGRAM SUPPORT 1,052

BIG BROTHERS BIG SISTERS OF CENTRAL TEXAS

PO BOX 4555
AUSTIN,TX78757 		NONE PC PROGRAM SUPPORT 500

Big Brothers Big Sisters of Kansas City

1709 Walnut St
KANSAS CITY,MO64108 		NONE PC PROGRAM SUPPORT 300

Blank Children's Hospital

1200 PLEASANT STREET
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 1,500

Blank Park Zoo

7401 SW 9TH STREET
DES MOINES,IA50315 		NONE PC PROGRAM SUPPORT 5,000

Boys & Girls Club of Central Iowa

1421 WALKER STREET
des moines,IA50316 		NONE PC PROGRAM SUPPORT 4,000

Boys & Girls Club of Southeastern Michigan

26777 HALSTED RD STE 100
FARMINGTON HILLS,MI48331 		NONE PC PROGRAM SUPPORT 500

Bravo Greater Des Moines

801 Grand Ave Suite 250
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 2,500

BY DEGRESS FOUNDATION

PO BOX 41070
DES MOINES,IA50311 		NONE PC PROGRAM SUPPORT 100

CAMP COURAGEOUS

12007 190TH ST
MONTICELLO,IA52310 		NONE PC PROGRAM SUPPORT 250

CAPITOL CITY CHURCH

5990 NE 14TH ST
DES MOINES,IA50313 		NONE PC PROGRAM SUPPORT 120

Casey Library Betterment Association

PO Box 178
Casey,IA50048 		NONE PC PROGRAM SUPPORT 250

CATALYST PARTNERSHIPS

PO BOX 1922
BEAVERTON,OR97075 		NONE PC PROGRAM SUPPORT 1,000

CATO INSTITUTE

1000 MASSACHUSETTS AVE NW
WASHINGTON,DC200015403 		NONE PC PROGRAM SUPPORT 1,000

CEDAR FALLS SCHOOLS FOUNDATION

602 MAIN STREET
CEDAR FALLS,IA50613 		NONE PC PROGRAM SUPPORT 250

Central Iowa AFP Chapter

PO BOX 13362
DES MOINES,IA50310 		NONE PC PROGRAM SUPPORT 1,500

Children's Cancer Connection

5701 GREENDALE ROAD
JOHNSTON,IA50131 		NONE PC PROGRAM SUPPORT 500

Children's Hospital of Philadelphia

3401 CIVIC CENTER BOULEVARD
PHILADELPHIA,PA19104 		NONE PC PROGRAM SUPPORT 50

ChildServe Foundation

PO BOX 707
JOHNSTON,IA50131 		NONE PC PROGRAM SUPPORT 400

CITY RESCUE MISSION OF LANSING MICHIGAN

2216 S CEDAR ST
LANSING,MI48910 		NONE PC PROGRAM SUPPORT 100

Community Foundation of Greater Des Moines

1915 GRAND AVENUE
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 7,500

Community Foundation of Sarasota County

2635 FRUITVILLE RD
SARASOTA,FL34237 		NONE PC PROGRAM SUPPORT 400

CRS GIVES BACK

9780 S MERIDIAN BLVD SUITE 400
ENGLEWOOD,CO80012 		NONE PC PROGRAM SUPPORT 1,000

CURE SMA FAMILIES OF SMA

925 BUSSE ROAD
ELK GROVE VILLAGE,IL60007 		NONE PC PROGRAM SUPPORT 100

DALLAS CENTER GRIMES ELEMENTARY PTO

255 SW JAZZWOOD DRIVE
GRIMES,IA50111 		NONE PC PROGRAM SUPPORT 120

Des Moines Metro Opera

106 WEST BOSTON AEVNUE
INDIANOLA,IA50125 		NONE PC PROGRAM SUPPORT 3,250

DES MOINES PLAYHOUSE

831 42ND STREET
DES MOINES,IA50312 		NONE PC PROGRAM SUPPORT 500

DES MOINES REFUGEE SUPPORT

1110 SOUTH AVENUE
NORWALK,IA50211 		NONE PC PROGRAM SUPPORT 2,500

Des Moines Symphony

1011 LOCUST STREET 200
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 2,500

DMACC Foundation

2006 S ANKENY BLVD BLDG 22
ANKENY,IA50023 		NONE PC PROGRAM SUPPORT 2,000

DMPS Foundation

2100 FLEUR DRIVE-ANNEX
DES MOINES,IA50321 		NONE PC PROGRAM SUPPORT 2,500

Dream Team Des Moines

501 SCOTT AVE
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 2,900

EASTER SEALS IOWA

401 NE 66TH AVENUE
DES MOINES,IA50313 		NONE PC PROGRAM SUPPORT 500

First Tee of Central Iowa

15920 HICKMAN RD SUITE 400 PMB 34
CLIVE,IA50325 		NONE PC PROGRAM SUPPORT 250

Flat River Outreach Ministries

11535 FULTON ST E
LOWELL,MI49331 		NONE PC PROGRAM SUPPORT 400

Floyd Central PTO Renaissance

2307 RIVER ROAD
LOUISVILLE,KY40206 		NONE PC PROGRAM SUPPORT 1,000

Food Bank of Iowa

PO BOX 1517
DES MOINES,IA50305 		NONE PC PROGRAM SUPPORT 850

FOUNDATION FOR SEMINOLE STATE COLLEGE OF FLORIDA

1055 AAA DRIVE
HEATHROW,FL32746 		NONE PC PROGRAM SUPPORT 1,000

FRIENDS OF YJI - WEST DES MOINES

250 MILLS CIVIC PARKWAY
WEST DES MOINES,IA50265 		NONE PC PROGRAM SUPPORT 1,600

GENESIS YOUTH FOUNDATION

2500 UNIVERSITY AVE
DES MOINES,IA50311 		NONE PC PROGRAM SUPPORT 2,500

GIGI'S PLAYHOUSE DES MOINES

6507 UNIVERSITY AVE
WINDSOR HEIGHTS,IA50324 		NONE PC PROGRAM SUPPORT 991

GIVE GRACE GIVE HOPE

9821 DUNMORE CIR
JOHNSTON,IA50131 		NONE PC PROGRAM SUPPORT 1,000

GLAAD INC

104 W 29TH ST 4TH FLOOR
NEW YORK,NY10010 		NONE PC PROGRAM SUPPORT 100

GRACEWOOD INC

1301 N MAYS
ROUND ROCK,TX78664 		NONE PC PROGRAM SUPPORT 1,000

Great Outdoor Foundation

501 SW 7TH ST STE G
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 20,000

Greater Des Moines Botanical Garden

909 ROBERT D RAY DRIVE
DES MOINES,IA503092897 		NONE PC PROGRAM SUPPORT 6,500

Greater Des Moines Public Art Foundation

1915 Grand Ave
Des Moines,IA503093311 		NONE PC PROGRAM SUPPORT 10,000

Greater Greenfield Community Foundation

PO BOX 13
GREENFIELD,IA50849 		NONE PC PROGRAM SUPPORT 400

Habitat for Humanity of Seminole Co & Apopka FL

PO BOX 181010
CASSELBERRY,FL32718 		NONE PC PROGRAM SUPPORT 1,000

HERITAGE RANCH

PO BOX 521
EASTSOUND,WA98245 		NONE PC PROGRAM SUPPORT 1,000

HIGH 5 INC BRANDEN SPORTS AND AQUATIC CENTER

405 BEVERLY BLVD
BRANDON,FL33511 		NONE PC PROGRAM SUPPORT 100

HONORABLE COLIN J WITT MEMORIAL FOUNDATION

4405 BEAVER CREST DRIVE
DES MOINES,IA50310 		NONE PC PROGRAM SUPPORT 500

Hope for Hazel

805 CHRISTY COVE
JACKSONVILLE,AR72076 		NONE PC PROGRAM SUPPORT 300

Hope Ministries

P O BOX 862
DES MOINES,IA50304 		NONE PC PROGRAM SUPPORT 1,200

Hospice of the Chesapeake Foundation

90 Ritchie Highway
PASADENA,MD21122 		NONE PC PROGRAM SUPPORT 1,000

HOYT SHERMAN PLACE

1501 WOODLAND AVE
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 400

Humanitarian Service Project

465 RANDY STREET
CAROL STREAM,IL60188 		NONE PC PROGRAM SUPPORT 400

IOWA CENTER FOR CHILDRENS JUSTICE

501 SW 7TH ST STE G
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 1,000

IOWA COALITION FOR PUBLIC CHARTER SCHOOLS

PO BOX 3731
URBANDALE,IA50323 		NONE PC PROGRAM SUPPORT 4,000

Iowa Collage Foundation

505 5TH AVENUE SUITE 1034
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 4,500

IOWA DONOR NETWORK

320 ADVENUTRELAND DR NW
ALTOONA,IA50009 		NONE PC PROGRAM SUPPORT 250

Iowa FBLA

723 CURTIS AVE
CHARITON,IA50049 		NONE PC PROGRAM SUPPORT 1,500

Iowa Healthiest State Initiative

301 GRAND AVE
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 1,500

IOWA INSURANCE HALL OF FAME

501 SW 7TH ST STE G
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 600

IOWA INTERNATIONAL CENTER

PO BOX 3731
URBANDALE,IA50323 		NONE PC PROGRAM SUPPORT 2,000

Iowa Soccer Deleopment

PO BOX 434
DES MOINES,IA50302 		NONE PC PROGRAM SUPPORT 20,000

Iowa Talented and Gifted Association

PO BOX 89
DES MOINES,IA50301 		NONE PC PROGRAM SUPPORT 250

JOPPA

2326 EUCLID AVE
DES MOINES,IA50310 		NONE PC PROGRAM SUPPORT 108

KITTENS WITHOUT MITTENS RESCUE

631 GOODSTEIN DRIVE
CASPER,WY82601 		NONE PC PROGRAM SUPPORT 300

Lead DSM

1910 INGERSOLL AVE STE 216
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 1,500

Leukemia & Lymphoma Society

PO BOX 22324
NEW YORK,NY10087 		NONE PC PROGRAM SUPPORT 2,600

LUTHER COLLEGE

700 COLLEGE DRIVE ADVANCEMENT OFFIC
E
DECORAH,IA521011043 		NONE PC PROGRAM SUPPORT 400

LUTHERAN SERVICES IN IOWA

3125 COTTAGE GROVE AVE
DES MOINES,IA50311 		NONE PC PROGRAM SUPPORT 2,000

MARSHALLTOWN YOUTH BASKETBALL ASSN

1908 EDGEBROOK DR
MARSHALLTOWN,IA50158 		NONE PC PROGRAM SUPPORT 500

MercyOne Foundation of Des Moines

411 LAUREL STREET STE 2250
DES MOINES,IA50314 		NONE PC PROGRAM SUPPORT 5,000

Michael Henter Foundation

PO BOX 71293
CLIVE,IA503250293 		NONE PC PROGRAM SUPPORT 250

Mission Haiti

PO BOX 2175
SIOUX FALLS,SD57101 		NONE PC PROGRAM SUPPORT 400

MSU HEALTH CARE PEDIATRIC HEMATOLOGY-ONCOLOGY CLINIC

MSU HEALTH CARE PEDIATRICS - S 1200
EAST MICHIGAN AVE STE 14
LANSING,MI48912 		NONE PC PROGRAM SUPPORT 200

MT AYR RAIDER EDUCATION FOUNDATION 101 DONATIONS CLUB

1095 STATE HWY 2
MALOY,IA50836 		NONE PC PROGRAM SUPPORT 400

NAMI Iowa

3839 MERLE HAY ROAD 229
DES MOINES,IA50310 		NONE PC PROGRAM SUPPORT 1,500

NATIONAL FALLEN FIREFIGHTERS FOUNDATION

16825 S SETON AVENUE
EMMITSBURG,SD217278920 		NONE PC PROGRAM SUPPORT 500

NATIONAL MS SOCIETY

PO BOX 91891
WASHINGTON,DC200901891 		NONE PC PROGRAM SUPPORT 500

OKLAHOMA WILDLIFE CONSERVATION FOUNDATION

PO BOX 53488
OKLAHOMA CITY,OK73152 		NONE PC PROGRAM SUPPORT 100

ONE GENERATION AWAY

320 PREMIER COURT SUITE 218
FRANKLIN,TN37067 		NONE PC PROGRAM SUPPORT 1,000

Orchard Place

2116 GRAND AVE
DES MOINES,IA50312 		NONE PC PROGRAM SUPPORT 1,500

OREGON HUMANE SOCIETY

1067 NE COLUMBIA BLVD
PORTLAND,OR97211 		NONE PC PROGRAM SUPPORT 100

PARTNERS 4 GLOBAL HEALTH

P O BOX 4187
WINTER PARK,FL32793 		NONE PC PROGRAM SUPPORT 300

PINK RIBBON GOOD

350 HULS DRIVE
DAYTON,OH45315 		NONE PC PROGRAM SUPPORT 250

Pinky Swear Foundaiton

5555 W 78TH STREET STE E
EDINA,MN55439 		NONE PC PROGRAM SUPPORT 5,000

PRAIRIE WOLF YOUTH SPORTS

245 NE PRAIRIE WOLF DR
WAUKEE,IA50263 		NONE PC PROGRAM SUPPORT 400

PURA SYNDROME FOUNDATION

129 SHELF ROCK RD
DRIFTWOOD,TX78619 		NONE PC PROGRAM SUPPORT 100

QUAD CITIES COMMUNITY FOUNDATION

852 MIDDLE ROAD SUITE 100
BETTENDORF,IA52722 		NONE PC PROGRAM SUPPORT 500

Raise the Bar Initiative

10022 AGATE LANE
JOHNSTON,IA50131 		NONE PC PROGRAM SUPPORT 1,400

RAYMOND SCHOOL FOUNDATION

2659 76TH STREET
FRANKSVILLE,WI53126 		NONE PC PROGRAM SUPPORT 1,000

RIO VISTA CENTER

1431 E SOUTHERN AVE
PHOENIX,AZ85040 		NONE PC PROGRAM SUPPORT 1,000

Ronald McDonald House

1441 PLEASANT STREET
DES MOINES,IA50314 		NONE PC PROGRAM SUPPORT 2,500

ROOSEVELT HIGH SCHOOL FOUNDATION

PO BOX 12087
DES MOINES,IA50312 		NONE PC PROGRAM SUPPORT 400

Scottish Rite Park

2909 WOODLAND AVE
DES MOINES,IA50312 		NONE PC PROGRAM SUPPORT 150

SECOND STORY ABUSED & HOMELESS CHILDRENS REFUGE

PO BOX 694
DUNN LORING,VA22027 		NONE PC PROGRAM SUPPORT 260

SHORT YEARS PARTNERSHIP

DIAPER BANK 515 N JEFFERSON WAY
INDIANOLA,IA50125 		NONE PC PROGRAM SUPPORT 1,000

Single Parent Provision

2041 Grand Avenue Ste D
WEST DES MOINES,IA50265 		NONE PC PROGRAM SUPPORT 1,000

SPECIAL OLYMPICS

6600 Palomas Ave NE 207
Albuquerque,NM87109 		NONE PC PROGRAM SUPPORT 1,100

St Jude's Children's Hospital

501 ST JUDE PLACE
MEMPHIS,TN381053678 		NONE PC PROGRAM SUPPORT 50

Stephen Breen Memorial Foundation

1940 WARNER RD
FORT WIRTH,TX76110 		NONE PC PROGRAM SUPPORT 1,000

SUMMIT MIDDLE SCHOOL PTO

PO BOX 10
JOHNSTON,IA501310010 		NONE PC PROGRAM SUPPORT 200

SUPERIOR HIKING TRAIL ASSOCIATION

618 1ST AVENUE PO BOX 315
TWO HARBORS,MN55616 		NONE PC PROGRAM SUPPORT 500

SURETY FOUNDATION THE

1140 19TH STREET NW 500
WASHINGTON,DC20036 		NONE PC PROGRAM SUPPORT 2,600

TECH JOURNEY

PO BOX 42153
URBANDLAE,IA50323 		NONE PC PROGRAM SUPPORT 3,000

THE DISABILITY NETWORK

3600 S DORT HWY
FLINT,MI48507 		NONE PC PROGRAM SUPPORT 250

THOMPSON TANSKY SCHOLARSHIP FUND

4309 SE 179TH COURT
VANCOUVER,WA98683 		NONE PC PROGRAM SUPPORT 400

TIMBER RIDGE ELEMENTARY PTO

7370 NW 54TH ST
JOHNSTON,IA50131 		NONE PC PROGRAM SUPPORT 200

TORI'S ANGELS FOUNDATION

4677 PANORAMA DR
PANORA,IA50216 		NONE PC PROGRAM SUPPORT 500

TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		NONE PC PROGRAM SUPPORT 1,000

United Way

1111 9th St 100
DES MOINES,IA50314 		NONE PC PROGRAM SUPPORT 7,300

United Way of the National Capital Area

8614 WESTWOOD CENTER DRIVE STE 300
VIENNA,VA22182 		NONE PC PROGRAM SUPPORT 1,000

UNIVERSITY OF NORTHERN IOWA

204 COMMOMS UNI
CEDAR FALLS,IA506140282 		NONE PC PROGRAM SUPPORT 25

UNIVERSITY OF THE PACIFIC

3601 PACIFIC AVE
STOCKTON,CA95211 		NONE PC PROGRAM SUPPORT 250

Variety - The Childrens Charity

505 5TH AVENUE SUITE 310
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 3,720

WAUKEE PARENT-TEACHER ORGANIZATION

560 SE UNIVERSITY AVENUE
WAUKEE,IA50263 		NONE PC PROGRAM SUPPORT 29

Wesley Life

5508 WEST 88TH STREET
JOHNSTON,IA50131 		NONE PC PROGRAM SUPPORT 5,000

WOLF PACK BALL INC

4649 HICKORY WOOD ROW
GREENWOOD,IN46143 		NONE PC PROGRAM SUPPORT 100

YMCA of Greater Des Moines

501 GRAND AVENUE
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 1,500

YOUNG WOMENS RESOURCE CENTER

818 5TH AVE
DES MOINES,IA50309 		NONE PC PROGRAM SUPPORT 2,500
Total .................................right arrow 3a 209,147
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 3,364  
4 Dividends and interest from securities ....     14 20,653  
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 3,260  
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 27,277 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
27,277
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
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May the IRS discuss this return
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See instructions.
Signature of officer or trustee Date Title
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employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
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 Phone no.
Form 990-PF (2024)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE MERCHANTS BONDING COMPANY FOUNDATION
 
Employer identification number

26-3035459
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE MERCHANTS BONDING COMPANY FOUNDATION
  		Employer identification number
26-3035459
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
MERCHANTS BONDING COMPANY
 
6700 WESTOWN PARKWAY
 
WEST DES MOINES, IA50266

$ 425,660


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE MERCHANTS BONDING COMPANY FOUNDATION
  		Employer identification number

26-3035459
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE MERCHANTS BONDING COMPANY FOUNDATION
  		Employer identification number

26-3035459
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID: 24020961
Software Version: 2024v5.1

TY 2024 AccountingFeesSchedule
Name:
THE MERCHANTS BONDING COMPANY FOUNDATION
EIN:
26-3035459
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 21,625 2,163 0 19,462

TY 2024 AllOthProgRltdInvestmentsSch
Name:
THE MERCHANTS BONDING COMPANY FOUNDATION
EIN:
26-3035459
Software ID:
24020961
Software Version:
2024v5.1
Category Amount
NONE  

TY 2024 InvestmentsOtherSchedule2
Name:
THE MERCHANTS BONDING COMPANY FOUNDATION
EIN:
26-3035459
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
EQUITIES/FIXED INCOME AT COST 682,099 942,523

TY 2024 OtherExpensesSchedule
Name:
THE MERCHANTS BONDING COMPANY FOUNDATION
EIN:
26-3035459
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FUNDRAISER EXPENSES 5,136 0 0 5,136
BANK FEES 1,577 1,577 0 0


TY 2024 TaxesSchedule
Name:
THE MERCHANTS BONDING COMPANY FOUNDATION
EIN:
26-3035459
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
IOWA DEPT OF REVENUE 566 0 0 566
FEDERAL EXCISE TAX 4,180 0 0 0