TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
SETHNESS ARNOLD FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)180 NORTH STETSON AVENUE 1940
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60601

A Employer identification number

83-2099072

B Telephone number (see instructions)

(312) 819-4060

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$2,604,528J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	18,462
2	Check .............
3	Interest on savings and temporary cash investments	125		125
4	Dividends and interest from securities...	63,995		63,995
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		76,166
b	Gross sales price for all assets on line 6a 1,048,374
7	Capital gain net income (from Part IV, line 2)...			76,166
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........	158,748		140,286
13	Compensation of officers, directors, trustees, etc.	1,311
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	3,600
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	19,352	19,352
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	-3,001
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	21,262		19,352	0
25	Contributions, gifts, grants paid.......	138,000			138,000
26	Total expenses and disbursements. Add lines 24 and 25	159,262		19,352	138,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-514
b	Net investment income (if negative, enter -0-)			120,934
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	30,052	23,535	23,535
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	283,427	List of Attached Documents: // Content 248,288	238,348
	b	Investments—corporate stock (attach schedule).......	743,124	List of Attached Documents: // Content 690,704	1,012,950
	c	Investments—corporate bonds (attach schedule).......	267,970	List of Attached Documents: // Content 322,782	338,192
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	838,149	List of Attached Documents: // Content 876,899	991,503
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,162,722	2,162,208	2,604,528
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	2,162,722	2,162,208
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	2,162,722	2,162,208
	30	Total liabilities and net assets/fund balances (see instructions).	2,162,722	2,162,208

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

2,162,722

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

-514

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

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

2,162,208

Decreases not included in line 2 (itemize) right arrow

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

2,162,208

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
1 a	PUBLICLY TRADED SECURITIES	P
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,048,374	972,208	76,166
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			76,166
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	76,166
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	76,166

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	1,681
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
3	Add lines 1 and 2...........................	3	1,681
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	1,681
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	2,077
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	2,000
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	4,077
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,396
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax2,396	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

RANDALL ROMEI Telephone no. right arrow

(312) 819-4061

Located at right arrow

180 NORTH STETSON AVENUE 1940CHICAGOIL ZIP+4 right arrow

60601

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

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

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(e) Expense account, other allowances
MARY S ARNOLD	VP/TREAS/DIR 0.20
PO BOX 239 MACATAWA,MI49434	VP/TREAS/DIR 0.20
JOSEPH C ARNOLD	PRES/DIR 0.20
8643 OLD DOMINION DRIVE MCLEAN,VA22102	PRES/DIR 0.20
RANDALL ROMEI List of Attached Documents: // Content	SECRETARY/DIR 0.20	1,311
180 N STETSON 1940 CHICAGO,IL60601	SECRETARY/DIR 0.20	1,311

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

Form 990-PF (2024)

Page 7

Part VII

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

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

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

2,587,367

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

45,506

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

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

2,632,873

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

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

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

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

2,632,873

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

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

39,493

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

2,593,380

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

129,669

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

129,669

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

1,681

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

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

1,681

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

127,988

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

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

127,988

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

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

127,988

Part XI

Qualifying Distributions (see instructions)

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

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

138,000

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

138,000

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2024
1 Distributable amount for 2024 from Part X, line 7			127,988
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......	12,941
c From 2021......	16,595
d From 2022......	11,972
e From 2023......	13,470
f Total of lines 3a through e ........		54,978
4Qualifying distributions for 2024 from Part
XI, line 4: $ 138,000
a Applied to 2023, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2024 distributable amount.....			127,988
e Remaining amount distributed out of corpus		10,012
5 Excess distributions carryover applied to 2024.
(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		64,990
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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 ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
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) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		64,990
10 Analysis of line 9:
a Excess from 2020....	12,941
b Excess from 2021....	16,595
c Excess from 2022....	11,972
d Excess from 2023....	13,470
e Excess from 2024....	10,012

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

MARY S ARNOLD

JOSEPH C ARNOLD

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
LAKE FOREST ACADEMY 1500 W KENNEDY RD LAKE FOREST,IL60045	NONE	PC	UNRESTRICTED	1,000
MISS HALLS SCHOOL 492 HOLMES RD PITTSFIELD,MA01201	NONE	PC	UNRESTRICTED	20,000
MADEIRA SCHOOL 8328 GEORGETOWN PIKE MCLEAN,VA22102	NONE	PC	UNRESTRICTED	500
AOG WEST POINT HERBERT HALL MILLS RD WEST POINT,NY10996	NONE	PC	UNRESTRICTED	40,000
BIG SHOULDERS FUND 212 W VAN BUREN SUITE 900 CHICAGO,IL60607	NONE	PC	UNRESTRICTED	500
FEEDING AMERICA 161 N CLARK ST SUITE 700 CHICAGO,IL60601	NONE	PC	UNRESTRICTED	500
NATIONAL MUSEUM UNITED STATES ARMY 1775 LIBERTY DRIVE FORT BELVOIR,VA22060	NONE	PC	UNRESTRICTED	500
CHICAGO CITY DAY SCHOOL 541 W HAWTHORNE PLACE CHICAGO,IL60657	NONE	PC	UNRESTRICTED	10,000
BLUE RIDGE SCHOOL 273 MAYO DR SAINT GEORGE,VA22935	NONE	PC	MBA SCHOLARSHIP FUND	30,000
FURMAN UNIVERSITY 3300 POINSETT HIGHWAY GREENVILLE,SC29613	NONE	PC	UNRESTRICTED	5,000
ST IGNATIUS COLLEGE PREP 1076 W ROOSEVELT RD CHICAGO,IL60608	NONE	PC	UNRESTRICTED	5,000
CATCH A LIFT 2066 YORK RD STE 201 LUTHERVILLE,MD21093	NONE	PC	UNRESTRICTED	2,500
USO PO BOX 96860 WASHINGTON,DC20077	NONE	PC	UNRESTRICTED	500
COLONIAL WILLIAMSBURG FOUNDATION 401 S ENGLAND ST WILLIAMSBURG,VA23185	NONE	PC	FOLDS OF HONOR	1,000
ST JUDE CHILDREN'S RESEARCH HOSPITA 5501 N CUMBERLAND AVE 101 CHICAGO,IL60656	NONE	PC	UNRESTRICTED	500
626 LANDMARK FOUNDATION 626 N MICHIGAN AVE CHICAGO,IL60611	NONE	PC	UNRESTRICTED	5,000
NAVY MARINE COAST GUARD RESIDENCE F 6251 OLD DOMINION DRIVE MC LEAN,VA22101	NONE	PC	UNRESTRICTED	500
GLENELG COUNTRY SCHOOL 12793 FOLLY QUARTER ROAD ELLICOT CITY,MD21042	NONE	PC	UNRESTRICTED	5,000
MIAMI UNIVERSITY 501 E HIGH STREET OXFORD,OH45056	NONE	PC	UNRESTRICTED	5,000
UNIVERSITY OF MIAMI 1320 S DIXIE HIGHWAY CORAL GABLES,FL33124	NONE	PC	UNRESTRICTED	5,000
Total ................................. 3a				138,000

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	125
4 Dividends and interest from securities ....			14	63,995
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	76,166
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) ..				140,286

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

140,286

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2024)

Additional Data

Software ID:	24020490
Software Version:	2024v5.1

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

Name of the organization

SETHNESS ARNOLD FOUNDATION

Employer identification number

83-2099072

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 SETHNESS ARNOLD FOUNDATION

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	JOSEPH MARY ARNOLD 8643 OLD DOMINION DR MCLEAN, VA22102	$ 18,462	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (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 SETHNESS ARNOLD FOUNDATION		Employer identification number 83-2099072

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 SETHNESS ARNOLD FOUNDATION			Employer identification number 83-2099072
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

(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

(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

(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

(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:	24020490
Software Version:	2024v5.1

- TIN:

TY 2024 AccountingFeesSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

24020490

Software Version:

2024v5.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION	3,600	0	0	0

- TIN:

TY 2024 CompensationExplanation

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

24020490

Software Version:

2024v5.1

Person Name	Explanation
RANDALL ROMEI	ALL AMOUNTS WERE PAID TO ASHCRAFT & ASHCRAFT LTD FOR LEGAL AND OTHER PROFESSIONAL SERVICES. ASHCRAFT & ASHCRAFT LTD IS MORE THAN 35% OWNED BY RANDALL ROMEI.

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

24020490

Software Version:

2024v5.1

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ACCRUED INTEREST		2,403
AT&T INC 1.7%	16,275	17,362
ORACLE CORP 1.65%	11,770	12,534
BANK OF AMERICA CORP 1.197%	16,090	17,487
GOLDMAN SACHS GROUP 1.431%	15,894	17,280
BANK OF AMERICA CORP 1.658%	15,982	17,344
BP CAPITAL MARKETS AMERICA INC 3.588%	5,796	5,867
JPMORGAN CHASE & CO 1.578%	10,699	11,518
CITIGROUP INC 1.462%	21,137	22,851
JPMORGAN CHASE & CO 1.47%	10,532	11,353
GOLDMAN SACHS GROUP 1.948%	15,868	17,078
AMGEN INC 2.45%	8,569	8,840
ORACLE CORP 2.95%	5,293	5,422
EQUINOR ASA 3.125%	2,730	2,767
EQUINOR ASA 2.375%	10,335	10,655
ASTRAZENECA PLC 1.375%	11,259	11,658
BLACKROCK INC 1.9%	10,626	10,960
AT&T INC 2.25%	4,777	4,964
GOLDMAN SACHS GROUP 2.383%	3,906	4,172
CITIGROUP INC 2.52%	7,935	8,338
JPMORGAN CHASE & CO 2.545%	9,641	10,124
US BANCORP 2.677%	17,331	17,727
PHILLIP MORRIC INTERNATIONAL INC 4.875%	12,897	12,996
AZTRAZENECA FINANCE LLC 4.85%	8,016	8,017
CVS HEALTH CORP 5.4%	7,003	7,009
SHELL FINANCE US INC 2.75%	16,588	16,240
PHILIP MORRIS INTERNATIONAL INC 5.25%	11,852	11,880
COMCAST CORP 5.3%	5,001	5,000
BP CAPITAL MARKETS AMERICA INC 5.227%	12,987	12,811
ACCENTURE CAPITAL INC 4.05%	15,993	15,535

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

24020490

Software Version:

2024v5.1

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADOBE INC	5,460	8,701
ALCON INC	5,497	8,236
AMAZON COM INC	9,599	25,230
AMERIPRISE FINCL INC	1,449	8,553
AMGEN INC	7,529	8,884
ANSYS INC	5,249	6,324
APPLE INC	7,096	23,163
ASML HOLDING NV	2,990	4,100
CAPITAL ONE FINANCIAL CORP	2,225	6,500
COCA COLA CO	4,788	5,357
COMMERCE BANCSHARES	2,328	2,634
CORTEVA INC	3,734	7,063
CULLEN FROST BANKERS INC	4,404	6,047
DANAHER CORP	3,282	5,184
ECOLAB INC	5,658	9,178
EQUINIX INC	2,715	4,786
EQUITY LIFESTYLE PROPERTIES	3,825	3,990
META PLATFORMS INC CL A	5,008	17,708
GENL DYNAMICS CORP	7,531	8,806
LENNAR CORP	2,103	7,384
MARTIN MARIETTA MATERIALS	2,604	6,101
MEDTRONIC PLC	3,578	3,622
MICHELIN COMPAGNIE GENERAL DE	3,939	4,544
MICROCHIP TECHNOLOGY	3,631	4,880
MICROSFT CORP	8,414	33,188
MITSUBISHI UFJ FINCL GRP	1,623	4,243
MONSTER BEVERAGE CORP	2,513	3,610
NVIDIA CORP	3,398	30,752
PALO ALTO NETWORKS INC	1,685	7,408
PARKER HANNIFIN CORP	1,975	9,955
PAYPAL HOLDINGS INC	4,609	4,248
PNC FINL SVCS	2,951	4,990
PROCTER & GAMBLE	9,340	11,030
QUALCOMM INC	2,237	6,106
R P M INC	3,885	7,792
RTX CORPORATION	2,188	3,654
SALESFORCE.COM INC	6,008	10,126
SONY GROUP CORP	6,647	9,332
THERMO FISHER SCIENTIFIC	2,964	4,924
UBER TECHNOLOGIES INC	1,547	3,204
UNITEDHEALTH GP INC	7,429	14,787
VISA INC CL A	7,733	16,018
WW GRAINGER INC	1,689	5,301
WALT DISNEY CO HLDG	4,446	5,308
WORKDAY INC CL A	3,976	4,277
XYLEM INC	3,653	5,402
ZOETIS INC CLASS-A	2,570	3,429
CONSTELLATION BRANDS INC CL A	4,257	3,996
COTERRA ENERGY INC	2,622	4,495
CROWN CASTLE INTL CORP	5,679	4,668
EATON CORP PLC	6,899	11,382
HONEYWELL INTL INC	13,808	15,835
INTUITIVE SURGICAL INC	2,848	5,042
NETFLIX INC	4,729	13,020
ABBVIE INC	5,227	5,678
ACADIA HEALTHCARE COMPANY	2,482	1,193
AGREE REALTY CORP	1,973	1,990
ALPHABET INC	11,525	16,092
APTARGROUP	1,064	1,571
ATLANTIC UN BANKSHARES CORP	2,194	2,344
ATMOS ENERGY	4,448	5,660
AZENTA INC	921	1,063
BANK OF AMERICA CORP	6,553	9,625
BERKSHIRE HATHAWAY CL B	2,300	3,419
BIORAD LAB A	2,167	1,820
BJS WHSL CLUB HLDGS INC	2,575	3,353
BLACKROCK INC	8,866	13,705
BLACKSTONE INC	3,411	5,380
BOOKING HOLDINGS INC	1,311	3,309
BOOZ ALLEN HAMILTON HLDG CL-A	1,635	1,988
BRIGHT HORIZONS FAMILY SOLUT	1,282	1,879
BURLINGTON STORES	2,020	2,957
CARTER'S	909	704
CAVCO INDUSTRIES INC	1,896	3,564
CHAMPIONX CORPORATION	1,100	1,033
CHEVRON CORP	7,919	7,085
COGNEX CORP	2,827	2,181
COLUMBUS MCKINNON CORP	1,490	1,711
COMFORT SYSTEMS USA INC	891	3,212
CYBERARK SOFTWARE	1,857	4,409
DORMAN PRODUCTS, INC	2,108	3,140
EAGLE MATERIALS INC	1,578	2,935
EASTGROUP PROPERTIES INC	1,658	1,765
ELEMENT SOLUTIONS INC	1,822	2,479
ENTEGRIS INC	1,858	2,606
EXPONENT INC	1,329	1,218
EXXON MOBILE CORP	6,443	7,376
FEDERAL SIGNAL CORP	1,077	2,140
FOMENTO ECONOMICO MEXICANO	2,657	2,857
GATES INDUSTRIAL CORP PLC	1,635	2,921
GEOTHERM INC	2,332	1,511
GIBRALTER INDUSTRIES INC	549	700
GLACIER BANCORP INC	1,827	1,816
GLOBANT S.A.	2,335	2,945
GLOBUS MEDICAL INC A	2,558	3,163
GRAND CANYON ED INC	1,251	1,902
HALOZYME THERAPEUTICS INC	1,864	1,747
HEXCEL CORP	1,251	1,353
HOLOGIC INC	1,620	1,619
HOME DEPOT INC	7,318	8,956
IDACORP INC	2,126	2,186
INTEGER HOLDINGS CORP	1,158	2,229
INTRA-CELLULAR THERAPIES INC	1,510	2,350
JAZZ PHARMACEUTICALS PLC	2,650	2,230
JOHNSON & JOHNSON	8,834	7,710
JPMORGAN CHASE & CO	11,512	20,903
KINSALE CAP GROUP INC	1,322	2,163
LANCASTER COLONY CRP	2,279	1,983
LINCOLN ELEC HLDGS INC	1,310	1,713
MAGNOLIA OIL & GAS CORP CL A	1,330	1,339
MANHATTAN ASOC INC	1,193	2,755
MARKETAXESS HOLDINGS INC	1,458	1,181
MARSH & MCLENNAN COS INC	2,799	3,591
MERCK & CO	12,135	11,739
NATIONAL STORAGE AFFILIATES TR	1,256	1,299
NEUROCRINE BIOSCIENCES	2,204	2,528
NEXTERA ENERGY	3,443	3,761
NORDSON CP	2,810	2,511
NORTHROP GRUMMAN CP	3,976	3,946
NOVO NORDISK	3,183	3,935
OSHKOSH CORP	3,518	3,010
OVINTIV INC	1,830	1,505
PAYLOCITY HOLDING CORP	2,718	2,793
PERFORMANCE FOOD GROUP	2,253	3,198
PINNACLE FINCL PARTNERS INC	1,675	2,630
PIPER SANDLER COMPANIES	1,767	3,908
PORTLAND GENERAL ELEC CO	1,891	1,752
PROLOGIS INC	5,407	5,114
QUAKER HOUGHTON	2,178	1,771
RBC BEARINGS INC	1,916	2,711
S&P GLOBAL INC	3,726	7,490
SAP AG	1,784	4,246
SCHNEIDER NATIONAL INC CL B	1,357	1,649
SHERWIN WILLIAMS COMPANY	10,176	14,049
SILICON LAB INC	1,935	1,739
STRYKER CORP	2,089	3,442
SUN COMMUNITIES INC	1,906	1,704
TAIWAN SEMICONDUCTOR MFG CO	4,645	10,031
TESLA INC	1,501	3,155
TEXAS ROADHOUSE INC CL A	2,098	3,995
TORO CO	2,371	1,754
UBS GROUP AG	2,662	4,427
VAIL RESORTS	1,596	1,223
VERICEL CORP	844	2,032
VERIZON COMMUNICATIONS	4,485	4,959
VOYA FINL INC	2,535	2,817
XCEL ENERGY INC	4,200	4,400
ZEBRA TECH CL-A	1,410	2,203
ASTRAZENECA PLC	4,710	4,257
CCC INTELLIGENT SOLUTIONS	2,741	2,757
CHART INDS INC	1,541	1,900
CME GROUP INC	3,591	4,023
COLGATE PALMOLIVE	4,193	5,149
ELI LILLY & CO	2,015	3,689
IDEX CORPORATION	2,737	2,709
INTERCONTINANTAL EXCHANGE INC	1,118	1,543
INTUIT INC	3,242	4,079
ITT INC	1,515	2,514
LOWES COMPANIES	4,359	5,142
MACOM TECHNOLOGY SOLUTIONS	1,189	2,728
MATADOR RES CO	1,832	1,688
MERCADOLOBRE INC	3,116	3,406
PROCORE TECHNOLOGIES	1,736	2,206
SEMPRA	4,556	5,276
STIFEL FINANCIAL CORPORATION	1,315	2,335
T-MOBILE US INC	3,325	5,294
TANDEM DIABETES CARE INC	1,394	2,123
TARGET CORPORATION	3,225	3,691
TELEDYNE TECH INC	4,432	4,930
US BANCORP COM	3,843	5,548
UNION PACIFIC CORP	3,399	3,463
WINTRUST FIN CORP	1,435	2,524
ACCENTURE PLC	3,186	3,802
AIRBNB INC	2,363	2,292
AMER INTL GP INC	5,072	4,981
AMERICAN WATER WORKS	4,616	4,298
ANALOG DEVICES INC	6,750	6,229
API GROUP CORP	3,340	3,195
ASSURANT INC	1,253	1,262
AT&T INC	2,935	2,960
BANK OF NEW YORK MELLON CORP	2,967	2,967
CHENIERE ENERGY INC	2,179	2,733
CHUBB LTD	3,660	4,003
CHURCHILL DOWNS INC	1,772	1,875
CONSTELLATION ENERGY CORP	2,107	2,424
CRH PLC	3,645	4,322
DELL TEHNOLOGIES INC	2,951	3,158
EMBRAER SA ADR	2,880	3,741
FISERV INC	4,824	4,845
FREEPORT-MCMORAN CL-B	2,830	2,077
GOLDMAN SACHS GROUP INC	7,385	10,201
GROUP I AUTOMOTIVE INC	1,991	2,880
HEALTHPEAK PROPERTIES INC	1,567	1,471
ICON PLC	1,124	1,127
INSMED INC	1,284	1,144
M&T BANK CORP	4,228	4,605
MCDONALDS CORP	3,084	3,265
MEDPACE HOLDINGS INC	993	996
NATERA INC	1,296	1,796
PACCAR INC	3,045	3,155
PERMIAN FINANCIAL PARTNERS INC	1,402	1,254
SCHLUMBERGER LTD	3,676	2,951
SIMPSON MANUFACTURING CO	1,846	1,785
SITEONE LANDSCAPE SUPPLY INC	2,947	2,482
SPOTIFY TECHNOLOGY SA	1,160	1,790
STARBUCKS CORP	4,246	4,279
TOTALENERGIES SE	5,141	4,295
TRI POINTE HOMES INC	2,039	1,817
UMB FINANCIAL CORP	1,318	1,602
WASTE CONNECTIONS INC	3,625	3,587

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

24020490

Software Version:

2024v5.1

US Government Securities - End of Year Book Value:

248,288

US Government Securities - End of Year Fair Market Value:

238,348

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

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

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

24020490

Software Version:

2024v5.1

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISHARES EDGE MSCI MIN VOL USA	AT COST	74,022	126,881
VANGUARD GROWTH ETF	AT COST	19,383	52,126
VANGUARD HIGH DIV YIELD ETF	AT COST	29,390	48,356
COHEN & STEERS PREF SEC&INC	AT COST	79,446	74,776
PIMCO INCOME I2	AT COST	104,978	95,412
ISHARES MSCI CHINA ETF	AT COST	3,554	3,903
ISHARES SOUTH KOREA ETF	AT COST	4,573	3,966
FEDERATED HERMES CORP BD STRGY	AT COST	55,800	56,839
FEDERATED HERMES HI YLD STRGY	AT COST	10,999	11,568
FEDERATED HERMES INTL BD STRGY	AT COST	21,393	21,225
FEDERATED HERMES MTG STRATEGY	AT COST	385,060	380,464
ISHARES INC MSCI JAPAN ETF	AT COST	7,024	7,985
ISHARES MSCI INDIA ETF	AT COST	5,038	5,896
SPDR BLOOMBERG 1-3 MONTH T-B	AT COST	3,046	3,042
VANGUARD MEGA CAP GROWTH ETF	AT COST	35,853	52,542
VANGUARD TTL WORLD STK INDX	AT COST	37,340	46,522

- TIN:

TY 2024 OtherExpensesSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

24020490

Software Version:

2024v5.1

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BOOK-TAX TIMING DIFFERENCES	-3,001

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

SETHNESS ARNOLD FOUNDATION

EIN:

83-2099072

Software ID:

24020490

Software Version:

2024v5.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES	19,352	19,352	0	0