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
BELZ FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)100 PEABODY PLACE SUITE 1400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEMPHIS, TN38103
A Employer identification number

62-6046715
B Telephone number (see instructions)

(901) 767-4780
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$30,032,857J 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) 500,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 28,477 28,477  
4 Dividends and interest from securities... 781,779 781,779  
5a Gross rents............ 8,663 8,663  
b Net rental income or (loss) 4,318
6a Net gain or (loss) from sale of assets not on line 10 2,744,289
b Gross sales price for all assets on line 6a 12,651,656
7 Capital gain net income (from Part IV, line 2)... 2,744,289
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........ 4,063,208 3,563,208  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,270 8,270   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
51,392 11,392   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,395 1,395  
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
538,386 252,947   20
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 599,443 274,004   20
25 Contributions, gifts, grants paid....... 4,246,705 4,246,705
26 Total expenses and disbursements. Add lines 24 and 25 4,846,148 274,004   4,246,725
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -782,940
b Net investment income (if negative, enter -0-) 3,289,204
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 26,676 131,015 131,015
2 Savings and temporary cash investments......... 360,766 999,685 999,685
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 23,577,917 Click to see attachment
List of Attached Documents:
// Content
22,051,467 		26,731,211
c Investments—corporate bonds (attach schedule)....... 2,125,500 Click to see attachment
List of Attached Documents:
// Content
2,125,500 		2,125,500
11 Investments—land, buildings, and equipment: basis right arrow65,700
Less: accumulated depreciation (attach schedule) right arrow20,980 46,114 Click to see attachment
List of Attached Documents:
// Content
44,720 		44,720
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
462 		Click to see attachment
List of Attached Documents:
// Content
726 		Click to see attachment
List of Attached Documents:
// Content
726
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,137,435 25,353,113 30,032,857
Liabilities 17 Accounts payable and accrued expenses.......... 1,992 610
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,992 610
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 26,135,443 25,352,503
29 Total net assets or fund balances (see instructions)..... 26,135,443 25,352,503
30 Total liabilities and net assets/fund balances (see instructions). 26,137,435 25,353,113
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
26,135,443
2
Enter amount from Part I, line 27a .....................
2
-782,940
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
25,352,503
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
25,352,503
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 STATE OF ISRAEL 11TH JUBILEE ISSUE P 2019-08-01 2024-08-01
b PUBLICLY TRADED SECURITIES P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 425,000   425,000 0
b 12,081,952   9,482,367 2,599,585
c 144,704     144,704
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
b       2,599,585
c       144,704
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 2,744,289
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 45,720
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 45,720
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 45,720
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 54,475
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 54,475
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,755
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow8,755 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 arrowTN
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 arrowJIMMIE D WILLIAMS Telephone no.right arrow (901) 767-4780

Located atright arrow100 PEABODY PL STE 1400MEMPHISTN ZIP+4right arrow38103
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
RONALD A BELZ PRESIDENT/DIRECTOR
3.00 		0 0 0
100 PEABODY PLACE SUITE 1400
MEMPHIS,TN38103
JIMMIE D WILLIAMS SECRETARY/TREASURER/DIRECT
1.00 		0 0 0
100 PEABODY PLACE SUITE 1400
MEMPHIS,TN38103
MARTIN S BELZ VICE PRESIDENT/DIRECTOR
1.00 		0 0 0
100 PEABODY PLACE SUITE 1400
MEMPHIS,TN38103
ANDREW J GROVEMAN VICE PRESIDENT/DIRECTOR
1.00 		0 0 0
100 PEABODY PLACE SUITE 1400
MEMPHIS,TN38103
JAN B GROVEMAN DIRECTOR
1.00 		0 0 0
100 PEABODY PLACE SUITE 1400
MEMPHIS,TN38103
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NONE 0
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 0
2  
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
30,219,602
b
Average of monthly cash balances.......................
1b
727,403
c
Fair market value of all other assets (see instructions)................
1c
45,359
d
Total (add lines 1a, b, and c).........................
1d
30,992,364
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
30,992,364
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
464,885
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
30,527,479
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,526,374
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
1,526,374
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
45,720
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
45,720
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,480,654
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,480,654
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,480,654
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
4,246,725
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,246,725
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 1,480,654
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 649,505
b From 2020...... 1,512,580
c From 2021...... 2,463,779
d From 2022...... 2,426,696
e From 2023...... 5,175,724
f Total of lines 3a through e ........ 12,228,284
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,246,725
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)........ 		Click to see attachment
List of Attached Documents:
// Content
0
d Applied to 2024 distributable amount..... 1,480,654
e Remaining amount distributed out of corpus 2,766,071
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 14,994,355
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		649,505
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		14,344,850
10 Analysis of line 9:
a Excess from 2020.... 1,512,580
b Excess from 2021.... 2,463,779
c Excess from 2022.... 2,426,696
d Excess from 2023.... 5,175,724
e Excess from 2024.... 2,766,071
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).)
RONALD A BELZ
MARTIN S BELZ
ANDREW J GROVEMAN
JAN B GROVEMAN
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ABE'S GARDEN

115 WOODMONT BLVD
NASHVILLE,TN37205 		N/A PC HEALTH/WELFARE 600

ALEPH SOCIETY INC

25 WEST 45TH STREET SUITE 1405
NEW YORK,NY10036 		N/A PC RELIGIOUS 1,800

AMERICAN COMMITTEE FOR SHAARE ZEDEK HOSPITAL IN JERUSALEM

55 WEST 39TH ST 4TH FL
NEW YORK,NY100180563 		N/A PC HEALTH/WELFARE 75,000

AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE

633 THIRD AVE FL 20
NEW YORK,NY10017 		N/A PC EDUCATION 4,750

AMERICAN COUNCIL OF TRUSTEES AND ALUMNI

1730 M ST NW
WASHINGTON,DC20001 		N/A PC EDUCATION 675

AMERICAN FILM INSTITUTE

2021 NORTH WESTERN AVENUE
LOS ANGELES,CA90027 		N/A PC EDUCATION 400

AMERICAN FRIENDS OF MAGEN DAVID ADOM

20 W 36TH ST STE 1100
NEW YORK,NY10018 		N/A PC HEALTH/WELFARE 200,000

AMERICAN FRIENDS OF MEIR PANIM

88 WALTON ST SUITE B1
BROOKLYN,NY11206 		N/A PC HEALTH/WELFARE 3,350

AMERICAN FRIENDS OF RAMBAM

420 LEXINGTON AVENUE SUITE 1701
NEW YORK,NY10170 		N/A PC HEALTH/WELFARE 1,250

AMERICAN HEART ASSOCIATION

7272 GREENVILLE AVENUE
DALLAS,TX75231 		N/A PC HEALTH/WELFARE 5,000

AMERICAN ISRAEL EDUCATION FOUNDATION

251 H STREET NW
WASHINGTON,DC20001 		N/A PC EDUCATION 51,850

AMERICAN JEWISH COMMITTEE

165 EAST 56TH STREET
NEW YORK,NY10022 		N/A PC RELIGIOUS 800

AMERICAN JEWISH WORLD SERVICE

45 WEST 36TH STREET
NEW YORK,NY10018 		N/A PC HEALTH/WELFARE 475

AMERICAN SOCIETY FOR THE PROTECTION OF NATURE IN ISRAEL

28 ARRANDALE AVENUE
GREAT NECK,NY11024 		N/A PC ENVIRONMENT 1,550

ARTSMEMPHIS

575 S MENDENHALL
MEMPHIS,TN38117 		N/A PC ARTS 102,700

ASPCA

424 E 92ND ST
NEW YORK,NY10128 		N/A PC ANIMAL RESCUE 250

BARON HIRSCH CONGREGATION

400 SOUTH YATES RD
MEMPHIS,TN381202432 		N/A PC RELIGIOUS 129,775

BEN PORAT YOSEF INC

243 FRISCH CT
PARAMUS,NJ07652 		N/A PC EDUCATION 36,000

BIRTHRIGHT ISRAEL FOUNDATION

P O BOX 21615
NEW YORK,NY10087 		N/A PC YOUTH 1,650

BORNBLUM JEWISH COMMUNITY SCHOOL

6641 HUMPHREYS BLVD
MEMPHIS,TN38120 		N/A PC EDUCATION 30,000

BOY SCOUTS OF AMERICA

CHICKASAW AREA COUNCIL BSA 171
SOUTH HOLLYWOOD STREET
MEMPHIS,TN381124802 		N/A PC YOUTH 2,500

BOYS AND GIRLS CLUB OF GREATER MEMPHIS

44 SOUTH REMBERT
MEMPHIS,TN38104 		N/A PC YOUTH 1,500

CAMERACOMMITTEE FOR ACCURACY IN MIDDLE EAST

PO BOX 35040
BOSTON,MA02135 		N/A PC OTHER 550

CAPITAL RESEARCH CENTER

1513 16TH ST NW
WASHINGTON,DC20036 		N/A PC OTHER 700

CATO INSTITUTE

1000 MASSACHUSETTS AVE N W
WASHINGTON,DC20001 		N/A PC EDUCATION 700

CENTER FOR JEWISH HISTORY

15 WEST 16TH STREET
NEW YORK,NY10011 		N/A PC ARTS 475

CHABAD LUBAVITCH OF TENNESSEE

2570 KIRBY PKWY
MEMPHIS,TN38119 		N/A PC HEALTH/WELFARE 12,400

CHABAD TERROR VICTIMS PROJECT INC

885 THIRD AVENUE SUITE BE290
NEW YORK,NY10022 		N/A PC HEALTH/WELFARE 850

CHMOL

5225 NEW UTRECHT AVE
BROOKLYN,NY11219 		N/A PC RELIGIOUS 360

CHURCH HEALTH CENTER OF MEMPHIS

1350 CONCOURSE AVE SUITE 142
MEMPHIS,TN38108 		N/A PC HEALTH/WELFARE 50,000

CITY OF HOPE

1500 EAST DUARTE ROAD
DUARTE,CA91010 		N/A PC HEALTH/WELFARE 300

COMMUNITY LEGAL CENTER

80 MONROE AVE SUITE 415
MEMPHIS,TN38103 		N/A PC COMMUNITY 1,250

FACING HISTORY & OURSELVES INC

16 HURD ROAD
BROOKLINE,MA02445 		N/A PC HEALTH/WELFARE 3,000

FEED ISRAEL

5229 NEW ULTRECHT AVENUE SUITE 400
BROOKLYN,NY11219 		N/A PC HEALTH/WELFARE 250

FIFTH AVENUE SYNAGOGUE

FIVE EAST SIXTY-SECOND STREET
NEW YORK,NY10065 		N/A PC RELIGIOUS 14,600

FRIENDS OF THE ISRAEL DEFENSE FORCES

1430 BROADWAY
NEW YORK,NY10018 		N/A PC HEALTH/WELFARE 1,550

FRIENDS OF TSFAT

19 BRIARWOOD LN
MONTEBELLO,NY10901 		N/A PC HEALTH/WELFARE 12,500

FRIENDS OF UNITED HATZAIAH OF ISRAEL

208 EAST 51ST STREET SUITE 303
NEW YORK,NY10022 		N/A PC HEALTH/WELFARE 20,000

GILLIAM FOUNDATION

363 S 2ND ST
MEMPHIS,NY20002 		N/A PC COMMUNITY 300

GIRLS TOWN OR CHADASH

1417 CONEY ISLAND AVENUE
BROOKLYN,NY11230 		N/A PC YOUTH 825

HADASSAH NY

40 WALL STREET
NEW YORK,NY10005 		N/A PC HEALTH/WELFARE 200,000

HERITAGE FOUNDATION

214 MASSACHUSETTS AVENUE NE
WASHINGTON,DC20002 		N/A PC HEALTH/WELFARE 1,450

ISRAEL PARASPORT CENTER

ONE NORTHFIELD PLAZA SUITE 300
NORTHFIELD,IL60093 		N/A PC YOUTH 1,800

JEWISH AGENCY FOR ISRAEL

633 THIRD AVE
NEW YORK,NY10017 		N/A PC HEALTH/WELFARE 350,000

JEWISH CHILDRENS REGIONAL SERVICE

3500 N CAUSEWAY BLVD 1120
METAIRIE,LA70002 		N/A PC YOUTH 425

JEWISH FOUNDATION OF MEMPHIS

6560 POPLAR AVENUE
MEMPHIS,TN38138 		N/A PC COMMUNITY 311,830

JEWISH MUSEUM

1109 5TH AVE
NEW YORK,NY10128 		N/A PC ARTS 600

JEWISH NATIONAL FUND

42 EAST 69TH STREET
NEW YORK,NY10021 		N/A PC RELIGIOUS 1,100

MARGOLIN HEBREW ACADEMY FEINSTONE

390 S WHITE STATION RD
MEMPHIS,TN38117 		N/A PC EDUCATION 20,000

MAYO CLINIC DEVELOPMENT DEPT

200 FIRST STREET SW
ROCHESTER,MN559050001 		N/A PC HEALTH/WELFARE 5,200

MEMPHIS BROOKS MUSEUM OF ART INC

1934 POPLAR AVENUE
MEMPHIS,TN38104 		N/A PC ARTS 714,285

MEMPHIS JEWISH FEDERATION

6560 POPLAR AVENUE
GERMANTOWN,TN38138 		N/A PC RELIGIOUS 280,500

MEMPHIS JEWISH HOME & REHAB

36 BAZEBERRY ROAD
CORDOVA,TN380187756 		N/A PC HEALTH/WELFARE 350,000

MEMPHIS LIBRARY FOUNDATION

3030 POPLAR AVENUE
MEMPHIS,TN38111 		N/A PC EDUCATION 12,500

MEMPHIS OPPORTUNITY SCHOLARSHIP TRUST

1000 RIDGEWAY LOOP RD STE 100
MEMPHIS,TN38120 		N/A PC EDUCATION 2,000

MEMPHIS RIVER PARKS

22 N FRONT ST
MEMPHIS,TN38103 		N/A PC COMMUNITY 50,000

MEMPHIS ZOOLOGICAL SOCIETY

2000 PRENTISS PLACE
MEMPHIS,TN38112 		N/A PC ANIMAL RESCUE 37,500

METHODIST HEALTHCARE FOUNDATION

PO BOX 42048
MEMPHIS,TN381742048 		N/A PC HEALTH/WELFARE 405,000

METZAD CONGREGATION

662 LAFFERTS AVE
BROOKLYN,NY11203 		N/A PC RELIGIOUS 5,000

MID SOUTH FOOD BANK

3865 S PERKINS RD
MEMPHIS,TN38118 		N/A PC HEALTH/WELFARE 3,000

MIDDLE EAST FORUM

1650 MARKET STREET SUITE 3600
PHILADELPHIA,PA19103 		N/A PC OTHER 1,500

MIND BODY SOLUTIONS

PO BOX 16241
ST LOUIS PARK,MN55416 		N/A PC HEALTH/WELFARE 500

NATIONAL JEWISH HEALTH

1400 JACKSON STREET
DENVER,CO80206 		N/A PC HEALTH/WELFARE 850

NATIONAL YIDDISH BOOK CENTER INC

1021 WEST STREET
AMHERST,MA01002 		N/A PC EDUCATION 1,525

OHR TORAH STONE INSTITUTIONS

49 W 45TH ST STE 701
NEW YORK,NY10036 		N/A PC RELIGIOUS 20,000

ONE ISRAEL FUND

445 CENTRAL AVE 210
CEDARHURST,NY11516 		N/A PC HEALTH/WELFARE 500

ORPHEUM THEATRE

203 S MAIN ST
MEMPHIS,TN38103 		N/A PC ARTS 100

ORT AMERICA

75 MAIDEN LANE 10TH FLOOR
NEW YORK,NY102730837 		N/A PC EDUCATION 1,300

OVERTON PARK CONSERVANCY

1951 POPLAR AVE 102
MEMPHIS,TN38104 		N/A PC COMMUNITY 2,500

PEABODY PLACE MUSEUM FOUNDATION

100 PEABODY PLACE SUITE 1400
MEMPHIS,TN38103 		N/A POF EDUCATION 208,000

PEF ISRAEL ENDOWMENT FUNDS INC

630 THIRD AVENUE 15TH FLOOR
NEW YORK,NY10017 		N/A PC RELIGIOUS 20,000

PHILANTHROPY ROUNDTABLE

1120 20TH STREET NW SUITE 550
WASHINGTON,DC20036 		N/A PC OTHER 800

PROCLAIMING JUSTICE TO THE NATIONS

PO BOX 682711
FRANKLIN,TN37068 		N/A PC RELIGIOUS 10,000

SINAI SCHOOLS

240 FRISCH COURT SUITE 100
PARAMUS,NJ07652 		N/A PC EDUCATION 1,500

SMILE TRAIN INC

633 THIRD AVE 9TH FL
NEW YORK,NY10017 		N/A PC YOUTH 1,450

SOUTHERN REINS CENTER FOR EQUINE THERAPY

916 BILLY BRYANT RD
COLLIERVILLE,TN38017 		N/A PC HEALTH/WELFARE 2,000

SOUTHWEST TENNESSEE COMMUNITY COLLEGE

5983 MACON COVE
MEMPHIS,TN38134 		N/A PC EDUCATION 250

ST JUDE CHILDRENS RESEARCH HOSPITAL

262 DANNY THOMAS PLACE
MEMPHIS,TN38105 		N/A PC HEALTH/WELFARE 180

ST JOHN'S EPISCOPAL CHURCH

3245 CENTRAL AVE
MEMPHIS,TN38111 		N/A PC RELIGIOUS 150

ST JUDE ALSACST JUDE

262 DANNY THOMAS PLACE
MEMPHIS,TN38105 		N/A PC HEALTH/WELFARE 3,000

STAND WITH US ISRAEL

PO BOX 341069
LOS ANGELES,CA90034 		N/A PC RELIGIOUS 900

TELSHE YESHIVA

28400 EUCLID AVENUE
WICKLIFFE,OH44092 		N/A PC EDUCATION 400

TENNESSEE FINANCIAL LITERACY

COMMISSION TENNESSEE STATE CAPITOL
1ST FL
NASHVILLE,TN37243 		N/A PC EDUCATION 1,000

TENNESSEE HOLOCAUST COMMISSIONS

PO BOX 59252
NASHVILLE,TN37205 		N/A PC EDUCATION 12,000

THE JEWISH FEDERATIONS OF NORTH AMERICA INC (HEALTH)

25 BROADWAY SUITE 1700
NEW YORK,NY10004 		N/A PC HEALTH/WELFARE 100,000

THE SOCIETY OF ENTREPRENEURS

516 TENNESSEE STREETSUITE 223
MEMPHIS,TN38103 		N/A PC OTHER 500

UNION OF ORTHODOX JEWISH

11 BROAD WAY
NEW YORK,NY10004 		N/A PC RELIGIOUS 2,000

UNITED WAY OF THE MID SOUTH

P O BOX 1000 DEPT 138
MEMPHIS,TN38101 		N/A PC COMMUNITY 154,500

UNIVERSITY OF EVANSVILLE ATHLETICS

1800 LINCOLN AVE
EVANSVILLE,IN47722 		N/A PC EDUCATION 1,000

UNIVERSITY OF FLORIDA FOUNDATION

3450 HULL ROAD
GAINESVILLE,FL32607 		N/A PC HEALTH/WELFARE 60,000

URBANART COMMISSION

422 N CLEVELAND ST
MEMPHIS,TN38104 		N/A PC ARTS 325

WEST CANCER FOUNDATION

850 RIDGE LAKE BLVD SUITE 207
MEMPHIS,TN38120 		N/A PC HEALTH/WELFARE 250

WOLF RIVER CONSERVANCY

2693 UNION AVENUE EXT SUITE 205
MEMPHIS,TN38112 		N/A PC ENVIRONMENT 12,500

YAD L ACHIM PEYLEI ISRAEL

172 1/2 LEE AVENUE
BROOKLYN,NY11211 		N/A PC RELIGIOUS 550

YESHIVAT MAHARAT

3700 HENRY HUDSON PKWY
RIVERDALE,NY10463 		N/A PC RELIGIOUS 100,000
Total .................................right arrow 3a 4,246,705
bApproved for future payment

AMERICAN COMMITTEE FOR SHAARE ZEDEK HOSPITAL IN JERUSALEM
55 WEST 39TH ST 4TH FL
NEW YORK,NY100180563 		N/A PC HEALTH/WELFARE 50,000

BARON HIRSCH SYNAGOGUE
400 SOUTH YATES RD
MEMPHIS,TN381202432 		N/A PC RELIGIOUS 200,000

CHURCH HEALTH CENTER OF MEMPHIS
1350 CONCOURSE AVE SUITE 142
MEMPHIS,TN38108 		N/A PC HEALTH/WELFARE 100,000

JEWISH AGENCY FOR ISRAEL-N AMERICAN COUNCIL (ASHER)
633 THIRD AVE
NEW YORK,NY10017 		N/A PC HEALTH/WELFARE 100,000

MEMPHIS BROOKS MUSEUM OF ART
1934 POPLAR AVENUE
MEMPHIS,TN38104 		N/A PC ARTS 3,571,425

MEMPHIS JEWISH HOME & REHAB CENTER
36 BAZEBERRY ROAD
CORDOVA,TN380187756 		N/A PC HEALTH/WELFARE 350,000

MEMPHIS LIBRARY FOUNDATION
3030 POPLAR AVENUE
MEMPHIS,TN38111 		N/A PC EDUCATION 12,500

MEMPHIS RIVER PARKS
22 N FRONT ST
MEMPHIS,TN38103 		N/A PC COMMUNITY 50,000

MEMPHIS ZOOLOGICAL SOCIETY
2000 PRENTISS PLACE
MEMPHIS,TN38112 		N/A PC ANIMAL RESCUE 75,000

UNIVERSITY OF FLORIDA FOUNDATION
3450 HULL ROAD
GAINESVILLE,FL32607 		N/A PC HEALTH/WELFARE 240,000

YESHIVA UNIVERSITY
500 WEST 185TH STREET BELFER HALL
316
NEW YORK,NY10033 		N/A PC EDUCATION 1,750,000

YESHIVAT MAHARAT
3700 HENRY HUDSON PKWY
RIVERDALE,NY10463 		N/A PC RELIGIOUS 300,000
Total ................................. right arrow 3b 6,798,925
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 28,477  
4 Dividends and interest from securities ....     14 781,779  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 4,318  
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 2,744,289  
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 3,558,863 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,558,863
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
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
BELZ FOUNDATION
 
Employer identification number

62-6046715
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
BELZ FOUNDATION
  		Employer identification number
62-6046715
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
THE 1992 BELZ CHARITABLE TRUST
 
100 PEABODY PLACE SUITE 1400
 
MEMPHIS, TN38103

$ 500,000


(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
BELZ FOUNDATION
  		Employer identification number

62-6046715
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
BELZ FOUNDATION
  		Employer identification number

62-6046715
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
BELZ FOUNDATION
EIN:
62-6046715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 8,270 8,270   0

TY 2024 AllOthProgRltdInvestmentsSch
Name:
BELZ FOUNDATION
EIN:
62-6046715
Category Amount
NONE 0

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
BELZ FOUNDATION
EIN:
62-6046715
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDINGS 2006-09-27 54,400 19,585 SL 39.000000000000 1,395 1,395    
IMPROVED LAND   11,300     0 % 0 0    

TY 2024 DistributionFromCorpusElection
Name:
BELZ FOUNDATION
EIN:
62-6046715
Election:
THE BELZ FOUNDATION HEREBY ELECTS TO TREAT THE CURRENT YEAR'S QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING YEAR'S UNDISTRIBUTED INCOME AS MADE OUT OF CORPUS.

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 ExpenditureResponsibilityStmt
Name:
BELZ FOUNDATION
EIN:
62-6046715
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
PEABODY PLACE MUSEUM FOUNDATION
  		100 PEABODY PLACE STE 1400
MEMPHIS,TN38103 		2024-04-04 150,000 TO PROVIDE OPERATING CAPITAL FOR THE MUSEUM INCLUDING PAYROLL, GENERAL EXPENSES, INVENTORY, SUPPLIES, INSURANCE, PROFESSIONAL FEES, AND IT AND SECURITY. 150,000 NONE MONTHLY 2024-12-31 THE GRANTOR RECEIVES MONTHLY REPORTS IN THE FORM OF FINANCIAL STATEMENTS FROM THE GRANTEE. THE GRANTOR COMPLETED ITS REVIEW OF THE DECEMBER 31, 2024 FINANCIAL REPORTS AND FOUND NO EXCEPTIONS AS TO THE USE OF THE FUNDS.
PEABODY PLACE MUSEUM FOUNDATION
  		100 PEABODY PLACE STE 1400
MEMPHIS,TN38103 		2004-02-08 58,000 TO PROVIDE OPERATING CAPITAL FOR THE MUSEUM INCLUDING PAYROLL, GENERAL EXPENSES, INVENTORY, SUPPLIES, INSURANCE, PROFESSIONAL FEES, AND IT AND SECURITY. 58,000 NONE MONTHLY 2024-12-31 THE GRANTOR RECEIVES MONTHLY REPORTS IN THE FORM OF FINANCIAL STATEMENTS FROM THE GRANTEE. THE GRANTOR COMPLETED ITS REVIEW OF THE DECEMBER 31, 2024 FINANCIAL REPORTS AND FOUND NO EXCEPTIONS AS TO THE USE OF THE FUNDS.

TY 2024 InvestmentsCorpBondsSchedule
Name:
BELZ FOUNDATION
EIN:
62-6046715
Name of Bond End of Year Book Value End of Year Fair Market Value
ISRAEL AMPAL DEVELOPMENT - BOND 500 500
STATE OF ISRAEL 11TH JUBILEE 425,000 425,000
STATE OF ISRAEL 11TH JUBILEE 425,000 425,000
STATE OF ISRAEL 12TH JUBILEE 425,000 425,000
STATE OF ISRAEL 12TH JUBILEE 425,000 425,000
STATE OF ISRAEL 12TH JUBILEE 425,000 425,000

TY 2024 InvestmentsCorpStockSchedule
Name:
BELZ FOUNDATION
EIN:
62-6046715
Name of Stock End of Year Book Value End of Year Fair Market Value
AMPAL AMERICAN ISRAEL CORP 4,218 4,218
STEPHENS INC 22,047,249 26,726,993

TY 2024 InvestmentsLandSchedule2
Name:
BELZ FOUNDATION
EIN:
62-6046715
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDINGS 54,400 20,980 33,420 33,420
IMPROVED LAND 11,300 0 11,300 11,300

TY 2024 OtherAssetsSchedule
Name:
BELZ FOUNDATION
EIN:
62-6046715
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER ASSETS 462 726 726


TY 2024 OtherExpensesSchedule
Name:
BELZ FOUNDATION
EIN:
62-6046715
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BROKER FEES 250,027 250,027   0
FREIGHT & POSTAGE 310 310   0
TENNESSEE ANNUAL REPORT 20 0   20
BANK FEES 845 845   0
NON DEDUCTIBLE EXPENSE 285,419 0   0
INSURANCE 110 110   0
REPAIRS AND MAINTENANCE 1,655 1,655   0


TY 2024 TaxesSchedule
Name:
BELZ FOUNDATION
EIN:
62-6046715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 10,207 10,207   0
FEDERAL TAXES 40,000 0   0
REAL ESTATE TAXES 1,185 1,185   0