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 03-01-2024 , and ending 02-28-2025
Name of foundation
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 505 MAC H0006-092
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAINT LOUIS, MO63166
A Employer identification number

41-6075853
B Telephone number (see instructions)

(612) 343-6561
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$3,094,294J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 81,005 81,005  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 425,789
b Gross sales price for all assets on line 6a 1,093,943
7 Capital gain net income (from Part IV, line 2)... 425,789
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47 47  
12 Total. Add lines 1 through 11........ 506,841 506,841  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,313 9,234   3,078
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,341 0 0 1,341
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
425 425   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,549 1,371   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
45 19   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,673 11,049 0 4,444
25 Contributions, gifts, grants paid....... 135,200 135,200
26 Total expenses and disbursements. Add lines 24 and 25 153,873 11,049 0 139,644
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 352,968
b Net investment income (if negative, enter -0-) 495,792
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 369,395 86,370 86,370
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 281,619 Click to see attachment
List of Attached Documents:
// Content
201,121 		1,573,522
c Investments—corporate bonds (attach schedule)....... 192,992 Click to see attachment
List of Attached Documents:
// Content
541,917 		547,809
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 422,968 Click to see attachment
List of Attached Documents:
// Content
791,671 		886,593
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,266,974 1,621,079 3,094,294
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,266,974 1,621,079
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,266,974 1,621,079
30 Total liabilities and net assets/fund balances (see instructions). 1,266,974 1,621,079
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,266,974
2
Enter amount from Part I, line 27a .....................
2
352,968
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,272
4
Add lines 1, 2, and 3 ..........................
4
1,622,214
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,135
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,621,079
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 20. ABBOTT LABS   2009-04-27 2024-03-11
b 15. ABBVIE INC   2009-04-27 2024-03-11
c 50. ALPHABET INC CL C   2008-02-20 2024-03-11
d 50. ALPHABET INC CL A   2008-02-20 2024-03-11
e 20. BERKSHIRE HATHAWAY INC.   2002-08-09 2024-03-11
1000. BRISTOL MYERS SQUIBB CO   2019-11-22 2024-03-11
30. ILLINOIS TOOL WORKS INC   1994-03-16 2024-03-11
15. ISHARES CORE S & P 500 ETF   2021-10-11 2024-03-11
25. JOHNSON & JOHNSON   1998-01-06 2024-03-11
35. MERCK & CO INC NEW   2008-02-14 2024-03-11
30. PROCTER & GAMBLE CO   1994-11-25 2024-03-11
65. TJX COMPANIES INC   2010-11-04 2024-03-11
4000. US TREASURY NOTE 0.500% 3/31/25   2024-03-28 2024-06-27
200000. US TREASURY NOTE 1.750% 7/31/24   2023-07-18 2024-07-31
8000. US TREASURY NOTE 2.375% 8/15/24   2024-04-03 2024-08-15
150. ALPHABET INC CL C   2008-02-20 2024-08-26
150. ALPHABET INC CL A   2008-02-20 2024-08-26
150. BERKSHIRE HATHAWAY INC.   2002-08-09 2024-08-26
100. ILLINOIS TOOL WORKS INC   1994-03-16 2024-08-26
210. TJX COMPANIES INC   2010-11-04 2024-08-26
9000. UNITEDHEALTH GROUP 4.000% 5/15/29   2024-09-17 2024-12-18
44. ABBOTT LABS   2009-04-27 2025-01-02
36. ABBVIE INC   2009-04-27 2025-01-02
6887.156 INVESCO BAL RSK COMM STR-R6 #5011   2022-08-17 2025-01-02
92. ALPHABET INC CL C   2008-02-20 2025-01-02
92. ALPHABET INC CL A   2008-02-20 2025-01-02
45. BERKSHIRE HATHAWAY INC.   2002-08-09 2025-01-02
175. HONEYWELL INTERNATIONAL INC   1969-12-24 2025-01-02
53. ILLINOIS TOOL WORKS INC   1994-03-16 2025-01-02
58. JOHNSON & JOHNSON   1998-01-06 2025-01-02
88. MERCK & CO INC NEW   2008-02-14 2025-01-02
890. PFIZER INC   2024-03-11 2025-01-02
120. PROCTER & GAMBLE CO   1994-11-25 2025-01-02
250. TJX COMPANIES INC   2010-11-04 2025-01-02
3980.1 VANGUARD SHORT-TERM FED-ADM 549   2024-03-12 2025-01-02
18264.84 VANGUARD SHORT-TERM FED-ADM 549   2021-08-16 2025-01-02
9000. GILEAD SCIENCES INC 3.500% 2/01/25   2024-04-08 2025-02-01
9000. ENTERPRISE PRODUCTS 3.750% 2/15/25   2024-04-09 2025-02-15
30. ABBOTT LABS   2009-04-27 2025-02-20
25. ABBVIE INC   2009-04-27 2025-02-20
62. ALPHABET INC CL C   2008-02-20 2025-02-20
62. ALPHABET INC CL A   2008-02-20 2025-02-20
22. BERKSHIRE HATHAWAY INC.   2002-08-09 2025-02-20
36. ILLINOIS TOOL WORKS INC   1994-03-16 2025-02-20
8. JPMORGAN CHASE & CO   2025-01-02 2025-02-20
39. JOHNSON & JOHNSON   1998-01-06 2025-02-20
59. MERCK & CO INC NEW   2008-02-14 2025-02-20
39. PROCTER & GAMBLE CO   1994-11-25 2025-02-20
74. TJX COMPANIES INC   2010-11-04 2025-02-20
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,397   419 1,978
b 2,690   341 2,349
c 6,967   631 6,336
d 6,917   635 6,282
e 8,081   944 7,137
54,170   56,410 -2,240
7,842   335 7,507
7,705   6,604 1,101
4,026   807 3,219
4,280   1,131 3,149
4,844   466 4,378
6,279   764 5,515
3,862   3,826 36
200,000   192,992 7,008
8,000   7,916 84
25,077   1,892 23,185
24,800   1,904 22,896
68,313   7,080 61,233
24,872   1,117 23,755
25,297   2,467 22,830
8,717   9,020 -303
4,996   922 4,074
6,416   818 5,598
45,937   51,500 -5,563
17,593   1,161 16,432
17,483   1,168 16,315
20,457   2,124 18,333
39,663   1,512 38,151
13,391   592 12,799
8,388   1,873 6,515
8,776   2,844 5,932
23,804   25,272 -1,468
20,007   1,863 18,144
30,402   2,937 27,465
40,358   40,000 358
185,205   200,000 -14,795
9,000   9,000  
9,000   9,000  
3,981   629 3,352
4,991   568 4,423
11,520   782 10,738
11,406   787 10,619
10,555   1,038 9,517
9,489   402 9,087
2,148   1,935 213
6,218   1,260 4,958
5,123   1,864 3,259
6,490   605 5,885
9,048   869 8,179
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
      6,962
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,978
b       2,349
c       6,336
d       6,282
e       7,137
      -2,240
      7,507
      1,101
      3,219
      3,149
      4,378
      5,515
      36
      7,008
      84
      23,185
      22,896
      61,233
      23,755
      22,830
      -303
      4,074
      5,598
      -5,563
      16,432
      16,315
      18,333
      38,151
      12,799
      6,515
      5,932
      -1,468
      18,144
      27,465
      358
      -14,795
       
       
      3,352
      4,423
      10,738
      10,619
      9,517
      9,087
      213
      4,958
      3,259
      5,885
      8,179
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 425,789
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 6,892
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 6,892
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 6,892
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,980
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,980
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 4,912
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
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 arrow  
14
The books are in care ofright arrowWELLS FARGO BANK DBA ABBOT DOWNING Telephone no.right arrow (800) 352-3705

Located atright arrow100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+4right arrow27101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SARAH W SWEATT COTRUSTEE
1 		0    
100 N MAIN ST FL 5 D4001-052
WINSTONSALEM,NC27101
DYLLAN W MCGEE COTRUSTEE
1 		0    
100 N MAIN ST FL 5 D4001-052
WINSTONSALEM,NC27101
SANDRA SWEATT HULL COTRUSTEE
1 		0    
100 N MAIN ST FL 5 D4001-052
WINSTONSALEM,NC27101
VIRGINIA SWEATT COTRUSTEE
1 		0    
100 N MAIN ST FL 5 D4001-052
WINSTONSALEM,NC27101
WELLS FARGO BANK N A TRUSTEE
1 		12,313    
100 N MAIN ST FL 5D4001-052
WINSTONSALEM,NC27101
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
2,860,611
b
Average of monthly cash balances.......................
1b
225,259
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,085,870
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
3,085,870
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
46,288
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,039,582
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
151,979
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
151,979
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,892
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,892
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
145,087
4
Recoveries of amounts treated as qualifying distributions................
4
2,000
5
Add lines 3 and 4............................
5
147,087
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
147,087
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
139,644
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
139,644
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 7 147,087
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 127,657
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 139,644
a Applied to 2023, but not more than line 2a 127,657
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 11,987
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		135,100
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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

UNESCO

2 UNITED NATIONS PLAZA 900
NEW YORK,NY10017 		NONE PC GENERAL OPERATING 500

EPISCOPAL DIVINITY SCHOOL

1047 AMSTERDAM AVE
NEW YORK,NY100251747 		NONE PC GENERAL OPERATING 1,000

PARTNERS IN HEALTH A NONPROFIT CORPORATI

800 BOYLSTON STREET
BOSTON,MA02199 		NONE PC GENERAL OPERATING 500

COLORADO SEMINARY

2199 S UNIVERSITY BLVD
DENVER,CO80202 		NONE PC GENERAL OPERATING 20,000

ANTIDEFAMATION LEAGUE

605 THIRD AVENUE
NEW YORK,NY101580180 		NONE PC GENERAL OPERATING 500

THREE LAKES COUNCIL INC

PO BOX 241
SOUTH SALEM,NY105900241 		NONE PC GENERAL OPERATING 2,000

NEW YORK PUBLIC RADIO

160 VARICK STREET
NEW YORK,NY100131220 		NONE PC GENERAL OPERATING 1,000

HOPES DOOR INC

39 WASHINGTON AVENUE
PLEASANTVILLE,NY10570 		NONE PC GENERAL OPERATING 2,000

WESTCHESTER LAND TRUST INC

403 HARRIS RD
BEDFORD HILLS,NY105072408 		NONE PC GENERAL OPERATING 2,000

COMMUNITY CENTER OF NORTHERN WESTCHESTER

84 BEDFORD RD
KATONAH,NY105362102 		NONE PC GENERAL OPERATING 1,500

EPISCOPAL CHARITIES OF THE DIOCESE

1047 AMSTERDAM AVENUE
NEW YORK,NY10025 		NONE PC GENERAL OPERATING 500

INTERFAITH CENTER OF NEW YORK INC

475 RIVERSIDE DR STE 540
NEW YORK,NY101150081 		NONE PC GENERAL OPERATING 500

DUCKS UNLIMITED INC

ONE WATERFOWL WAY
MEMPHIS,TN38120 		NONE PC GENERAL OPERATING 6,000

MESERVEKUNHARDT FOUNDATION INC

48 WHEELER AVENUE 2
PLEASANTVILLE,NY105703046 		NONE PC GENERAL OPERATING 1,500

FOUNDATION OF INTERNATIONAL FREEDOM

5861 SUGAR HILL DR
HOUSTON,TX770572036 		NONE PC GENERAL SUPPORT 4,500

WAYZATA EDUCATION ASSOCIATION

305 VICKSBURG LANE N
PLYMOUTH,MN55447 		NONE PC GENERAL OPERATING 2,500

EVERYTOWN FOR GUN SAFETY SUPPORT FUND IN

PO BOX 4184
NEW YORK,NY101634184 		NONE PC GENERAL OPERATING 500

WNET

825 8TH AVENUE 14TH FLOOR
NEW YORK,NY10019 		NONE PC GENERAL OPERATING 1,000

FREE BIKES 4 KIDZ

5736 MAIN STREET NE
MINNEAPOLIS,MN55432 		NONE PC GENERAL OPERATING 2,000

SKYS THE LIMIT FUND

510A VALLEY WY SOBRATO CNTR NONPROF
MILPITAS,CA950350000 		NONE PC GENERAL OPERATING 2,500

BILLION OYSTER PROJECT

10 SOUTH ST BUILDING SLIP 7
NEW YORK,NY100040000 		NONE PC GENERAL OPERATING 2,000

WORLD CENTRAL KITCHEN INCORPORATED

200 MASSACHUSETTS AVE NW 7TH FLOOR
WASHINGTON,DC200011429 		NONE PC GENERAL OPERATING 500

SERVICE FOUNDATION

15113 ROSECROFT RD
ROCKVILLE,MD208531862 		NONE PC GENERAL OPERATING 1,000

HEIFER PROJECT INTERNATIONAL

1 WORLD AVE
LITTLE ROCK,AR722022863 		NONE PC GENERAL OPERATING 500

NATIONAL SOCIETY OF THE DAUGHTERS
OF THE AMERICAN REVOLUTION
1776 D STREET NW
WASHINGTON,DC20006 		NONE PC GENERAL OPERATING 3,700

THE ROTARY FOUNDATION OF ROTARY INTERNAT

1560 SHERMAN AVENUE
EVANSTON,IL602014818 		NONE PC GENERAL OPERATING 1,000

ROCHESTER POPS ORCHESTRA

810 3RD AVE SE
ROCHESTER,MN559047303 		NONE PC GENERAL SUPPORT 1,800

ST MATTHEWS CHURCH

139 E CHESTNUT STREET
CANTON,IL615202728 		NONE PC GENERAL OPERATING 4,000

MINNESOTA ORCHESTRAL ASSOCIATION

1111 NICOLLET MALL
MINNEAPOLIS,MN554032406 		NONE PC GENERAL OPERATING 1,000

CATHEDRAL CHURCH OF ST MARK

519 OAK GROVE ST
MINNEAPOLIS,MN554033230 		NONE PC GENERAL OPERATING 1,000

MINNESOTA HISTORICAL SOCIETY

345 KELLOGG BLVD W
SAINT PAUL,MN551021903 		NONE PC GENERAL SUPPORT 1,000

WINONA COUNTY HISTORICAL SOCIETY INC

160 JOHNSON ST
WINONA,MN559873434 		NONE PC GENERAL SUPPORT 1,000

HENNEPIN HISTORY MUSEUM

2303 3RD AVE S
MINNEAPOLIS,MN554043505 		NONE PC GENERAL SUPPORT 2,000

MINNEAPOLIS HEART INSTITUTE FOUNDATION

920 E 28TH ST STE 100
MINNEAPOLIS,MN554071191 		NONE PC GENERAL SUPPORT 500

WAYZATA HISTORICAL SOCIETY

402 LAKE ST E
WAYZATA,MN553911651 		NONE PC GENERAL OPERATING 200

MINNESOTA GENEALOGICAL SOCIETY

3030 W RIVER PKWY
MINNEAPOLIS,MN554062361 		NONE PC GENERAL OPERATING 2,000

WE WIN INSTITUTE INC

2801 WAYZATA BLVD
MINNEAPOLIS,MN554052125 		NONE PC GENERAL OPERATING 1,000

CHILDRENS CANCER RESEARCH FUND

7301 OHMS LANE SUITE 355
MINNEAPOLIS,MN55439 		NONE PC GENERAL SUPPORT 3,000

BOLDER OPTIONS

2100 STEVENS AVE
MINNEAPOLIS,MN554042533 		NONE PC GENERAL SUPPORT 1,000

FAIRVOTE MINNESOTA FOUNDATION

550 VANDALIA ST STE 221B
SAINT PAUL,MN551141833 		NONE PC GENERAL OPERATING 1,000

RIVER VALLEY RIDERS

8362 TAMARACK VLG STE 119 PMB 440
WOODBURY,MN551253392 		NONE PC GENERAL SUPPORT 500

ST MARTIN'S BY-THE-LAKE EPISCOPAL CHURCH

2801 WESTWOOD ROAD
MINNETONKA BEACH,MN55361 		NONE PC GENERAL OPERATING 14,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK ST SE STE 500
MINNEAPOLIS,MN554552010 		NONE PC GENERAL SUPPORT 2,000

ERNEST C OBERHOLTZER FOUNDATION

12697 177TH ST N
MARINE ST CRX,MN550479760 		NONE PC GENERAL OPERATING 2,000

AMERICAN CIVIL LIBERTIES UNION OF MINNES

PO BOX 14720
MINNEAPOLIS,MN554140720 		NONE PC GENERAL OPERATING 1,000

LAKE VERMILION CULTURAL CENTER

PO BOX 659
TOWER,MN557900659 		NONE PC GENERAL SUPPORT 3,000

SOCIETY FOR THE PRESERVATION OF NEW

141 CAMBRIDGE ST
BOSTON,MA021142702 		NONE PC GENERAL SUPPORT 500

SOAPBOX THE FEMINIST FOUNDATION

106 SUFFOLK ST APT 2A
NEW YORK,NY100023351 		NONE PC GENERAL OPERATING 5,000

MY VERY OWN BED

34 13TH AVENUE NE
MINNEAPOLIS,MN554131002 		NONE PC GENERAL OPERATING 2,000

ENDEAVOR THERAPEUTIC HORSEMANSHIP

1 SUCCABONE ROAD
MOUNT KISCO,NY10549 		NONE PC GENERAL OPERATING 500

BEDFORD PLAYHOUSE INC

633 OLD POST ROAD
BEDFORD,NY105061250 		NONE PC GENERAL OPERATING 1,000

PLANNED PARENTHOOD MINNESOTA

671 VANDALIA STREET
ST PAUL,MN55114 		NONE PC GENERAL SUPPORT 1,000

CHICKEN EGG PICTURES INC

55 WASHINGTON ST STE 307
BROOKLYN,NY112011077 		NONE PC GENERAL OPERATING 3,000

UNITED STATES DRIVING FOR THE DISABLED I

306 W MAIN ST STE 512
FRANKFORT,KY406011840 		NONE PC GENERAL SUPPORT 500

UNITED STATES ASSOCIATION FOR UNHCR

1310 L ST NW STE 450
WASHINGTON,DC200054862 		NONE PC GENERAL OPERATING 500

WORLD WILDLIFE FUND INC

1250 24TH ST NW
WASHINGTON,DC200371124 		NONE PC GENERAL OPERATING 500

NATIONAL TRUST FOR HISTORIC PRESERVATION
IN THE UNITED STATES
2600 VIRGINIA AVENUE NW
WASHINGTON,DC20037 		NONE PC GENERAL SUPPORT 2,000

NATIONAL SOCIETY OF THE COLONIAL DAMES
OF AMERICA
2715 Q STREET NW
WASHINGTON,DC20007 		NONE PC GENERAL OPERATING 1,000

NATIONAL PARKS CONSERVATION ASSOCIATION

777 6TH ST NW STE 700
WASHINGTON,DC200014835 		NONE PC GENERAL OPERATING 2,000

CHATHAM HALL

800 CHATHAM HALL CIR
CHATHAM,VA245313084 		NONE PC GENERAL SUPPORT 1,000

GUNSTON HALL FOUNDATION

10709 GUNSTON RD
MASON NECK,VA220793901 		NONE PC GENERAL OPERATING 5,000

SOUTHERN POVERTY LAW CENTER INC

400 WASHINGTON AVE
MONTGOMERY,AL361044344 		NONE PC GENERAL OPERATING 1,000

MANTA PACIFIC RESEARCH FOUNDATION

PO BOX 3227
KAILUA KONA,HI967453227 		NONE PC GENERAL OPERATING 1,500

VERDE VALLEY SCHOOL

3511 VERDE VALLEY SCHOOL RD
SEDONA,AZ863519521 		NONE PC GENERAL SUPPORT 3,000
Total .................................right arrow 3a 135,200
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 81,005  
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 ............ 		    18 425,789  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aROYALTY INCOME 		    1 47  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   506,841  
13Total. Add line 12, columns (b), (d), and (e)..................
13
506,841
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,341     1,341

TY 2024 InvestmentsCorpBondsSchedule
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Name of Bond End of Year Book Value End of Year Fair Market Value
912828Y87 US TREASURY NOTE    
00206RJY9 AT&T INC 21,896 22,203
00287YDT3 ABBVIE INC 14,165 14,222
035240AV2 ANHEUSER-BUSCH INBEV 14,170 14,260
06051GGA1 BANK OF AMERICA CORP 14,318 14,559
084670BS6 BERKSHIRE HATHAWAY 13,749 13,840
126650DY3 CVS HEALTH CORP 9,007 8,937
172967MY4 VR CITIGROUP INC 13,614 13,885
20030NEJ6 COMCAST CORP 4,933 5,083
29379VBV4 ENTERPRISE PRODUCTS 14,064 14,157
337738BM9 FISERV INC 13,873 13,983
373334KW0 GEORGIA POWER CO 14,232 14,168
38141GYA6 VR GOLDMAN SACHS 1.4 14,209 14,528
46647PDH6 VR JPMORGAN CHASE & 14,114 13,949
68389XCN3 ORACLE CORP 13,835 13,943
9128283W8 US TREASURY NOTE 13,366 13,528
9128284V9 US TREASURY NOTE 27,692 27,968
9128286B1 US TREASURY NOTE 13,134 13,300
912828P46 US TREASURY NOTE 1.6 27,891 28,314
912828XZ8 US TREASURY NOTE 14,789 14,925
912828YB0 US TREASURY NOTE 19,598 19,905
912828ZB9 US TREASURY NOTE 13,025 13,239
91282CAQ4 TREAS INFL IND BD 18,985 19,471
91282CDG3 US TREASURY NOTE 27,154 27,660
91282CEP2 US TREASURY NOTE 21,796 22,155
91282CFH9 US TREASURY NOTE 3.1 14,569 14,698
91282CFV8 US TREASURY NOTE 4.1 27,970 28,006
91282CFY2 US TREASURY NOTE 15,835 15,903
91282CGM7 US TREASURY NOTE 27,386 27,753
91282CHC8 US TREASURY NOTE 13,990 14,197
91282CHE4 US TREASURY NOTE 27,526 27,696
91324PEH1 UNITEDHEALTH GROUP 13,534 13,722
92343VDD3 VERIZON COMMUNICATIO 13,498 13,652
92343VER1 VERIZON COMMUNICATIO    

TY 2024 InvestmentsCorpStockSchedule
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Name of Stock End of Year Book Value End of Year Fair Market Value
002824100 ABBOTT LABS 7,462 49,132
00287Y109 ABBVIE INC 6,796 62,500
064058100 BANK NEW YORK MELLON 12,215 106,740
084670702 BERKSHIRE HATHAWAY I 12,414 135,137
438516106 HONEYWELL INTERNATIO 9,120 239,501
452308109 ILLINOIS TOOL WORKS 4,815 113,775
478160104 JOHNSON & JOHNSON 15,437 78,880
50540R409 LABORATORY CRP OF AM    
58933Y105 MERCK & CO INC NEW 22,421 66,236
641069406 NESTLE S.A. REGISTER 37,284 77,200
742718109 PROCTER & GAMBLE CO 7,157 80,140
872540109 TJX COMPANIES INC 10,586 112,409
02079K107 ALPHABET INC CL C 6,888 128,476
02079K305 ALPHABET INC CL A 6,936 127,029
110122108 BRISTOL MYERS SQUIBB    
780259305 ROYAL DUTCH SHELL PL 12,024 107,936
007903107 ADVANCED MICRO DEVIC    
11135F101 BROADCOM INC    
46625H100 JPMORGAN CHASE & CO 23,463 25,671
504922105 LABCORP HOLDINGS INC 6,103 62,760
67066G104 NVIDIA CORP    

TY 2024 InvestmentsOtherSchedule2
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MI0227444 STEPHENS CO. OKLAHOM AT COST 1 225
46432F842 ISHARES CORE MSCI EA AT COST 48,587 75,380
464287200 ISHARES CORE S & P 5 AT COST 167,031 238,816
922031844 VANGUARD SHORT-TERM      
00888Y847 INVESCO BAL RSK COMM      
00769G188 ACADIAN EMG MRKTS PO AT COST 50,000 48,263
464285204 ISHARES GOLD TRUST E AT COST 50,591 54,409
589509207 MERGER FUND-INST #30 AT COST 25,000 25,293
64128K751 NEUBERGER BERMAN STR AT COST 150,000 152,581
64128R608 NEUBERGER BERMAN LON AT COST 25,000 26,936
72201R593 PIMCO COMMODITY ACTI AT COST 25,240 25,651
74256W626 PRINCIPAL HIGH YIELD AT COST 100,000 99,853
81369Y506 AMEX ENERGY SELECT S AT COST 25,221 26,390
89609H704 TRIBUTARY SMALL CO-I AT COST 100,000 89,046
92647Q645 VICTORY GLBL ENRG TR AT COST 25,000 23,750

TY 2024 OtherDecreasesSchedule
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Description Amount
CY PURCHASE OF ACCRUED INTEREST 1,135


TY 2024 OtherExpensesSchedule
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES - ADR FEES 16 15   0
FILING FEE/STATE TAX 25 0   25
ROYALTY EXPENSES 4 4   0


TY 2024 OtherIncomeSchedule2
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTY INCOME 47 47  


TY 2024 OtherIncreasesSchedule
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Description Amount
RECOVERY OF GRANTS PAID 2,000
MUTUAL FUND TIMING ADJ 271
ROUNDING 1


TY 2024 OtherProfessionalFeesSchedule
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 425 425    


TY 2024 TaxesSchedule
Name:
CHARLES B SWEATT FOUNDATION WELLS FARGO DBA
EIN:
41-6075853
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,168 1,168   0
FEDERAL TAX PAYMENT - PRIOR YE 1,198 0   0
FEDERAL ESTIMATES - PRINCIPAL 1,980 0   0
FOREIGN TAXES ON NONQUALIFIED 203 203   0