Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
MICHAEL W LOUIS PRIVATE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)410 HUNT CLUB WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAKE GENEVA, WI53147
A Employer identification number

81-3941498
B Telephone number (see instructions)

(262) 384-3700
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$14,611,200J 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 407 407  
4 Dividends and interest from securities... 870,949 687,366  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 221,656
b Gross sales price for all assets on line 6a 2,514,422
7 Capital gain net income (from Part IV, line 2)... 221,656
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........ 1,093,012 909,429  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
22,220 22,220   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
72,653 72,653   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
49,608 5,608   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,682 30,682   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 175,163 131,163   0
25 Contributions, gifts, grants paid....... 845,000 845,000
26 Total expenses and disbursements. Add lines 24 and 25 1,020,163 131,163   845,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 72,849
b Net investment income (if negative, enter -0-) 778,266
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 168,036 255,461 255,461
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,660,686 Click to see attachment
List of Attached Documents:
// Content
3,254,478 		4,538,925
c Investments—corporate bonds (attach schedule).......      
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).......... 4,996,826 Click to see attachment
List of Attached Documents:
// Content
4,386,131 		9,816,814
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) 7,825,548 7,896,070 14,611,200
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 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........ 5,952,838 5,952,838
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,872,710 1,943,232
29 Total net assets or fund balances (see instructions)..... 7,825,548 7,896,070
30 Total liabilities and net assets/fund balances (see instructions). 7,825,548 7,896,070
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
7,825,548
2
Enter amount from Part I, line 27a .....................
2
72,849
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
27,010
4
Add lines 1, 2, and 3 ..........................
4
7,925,407
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
29,337
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,896,070
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 MICHAEL W LOUIS CO SHRT TRM CAP     2024-12-31
b MICHAEL W LOUIS CO LONG TRM CAP LOSS     2024-12-31
c MWL HOLDINGS LP SHRT TRM CAP LOSS     2024-12-31
d MWL HOLDINGS LP LONG TRM CAP LOSS     2024-12-31
e MS 970 PUBLICLY TRADED SECURITIES     2024-12-31
MS 594 PUBLICLY TRADED SECURITIES     2024-12-31
MS 816 PUBLICLY TRADED SECURITIES     2024-12-31
MS 262 PUBLICLY TRADED SECURITIES     2024-12-31
CAPITAL GAINS 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       0
b     14 -14
c       0
d     44 -44
e 1,159,050   1,150,416 14,317
486,452   417,284 69,168
72,688   62,652 10,036
765,677   668,568 97,638
30,555     30,555
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       0
b       -14
c       0
d       -44
e       14,317
      69,168
      10,036
      97,638
      30,555
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 2 221,656
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 10,818
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 10,818
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 10,818
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 20,045
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,045
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 9,227
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow9,227 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
 
No
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 arrowWI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowWALTER W BELL Telephone no.right arrow (262) 384-3700

Located atright arrowBELL ANDERSON LLC 410 HUNT CLUB WAYLAKE GENEVAWI ZIP+4right arrow53147
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
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
CARRIE L HULBURD PRESIDENT
0.00 		0 0 0
C/O 410 HUNT CLUB WAY
LAKE GENEVA,WI53147
HENRY J LOUIS VICE PRESIDENT
0.00 		0 0 0
C/O 410 HUNT CLUB WAY
LAKE GENEVA,WI53147
STEVEN S LOUIS TREASURER
0.00 		0 0 0
C/O 440 S LASALLE ST 38TH FL
CHICAGO,IL60605
TIMOTHY C LOUIS SECRETARY
0.00 		0 0 0
C/O 410 HUNT CLUB WAY
LAKE GENEVA,WI53147
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 arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
14,687,133
b
Average of monthly cash balances.......................
1b
82,419
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
14,769,552
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
14,769,552
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
221,543
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,548,009
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
727,400
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
727,400
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
10,818
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
30,067
c
Add lines 2a and 2b............................
2c
40,885
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
686,515
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
686,515
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
686,515
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
845,000
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
845,000
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 7 686,515
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 143,145
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 845,000
a Applied to 2023, but not more than line 2a 143,145
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..... 686,515
e Remaining amount distributed out of corpus 15,340
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 15,340
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		15,340
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 15,340
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

BARROW NEUROLOGICAL FOUNDATION

124 WEST THOMAS ROAD SUITE 250
PHOENIX,AZ85013 		N/A 501(C)(3) GENERAL CONTRIBUTION 10,000

CHEQUAMEGON AREA MOUNTAIN BIKE ASSOCIATION

PO BOX 141
CABLE,WI54821 		N/A 501(C)(3) GENERAL CONTRIBUTION 10,000

COLORADO COLLEGE

14 E CASHE LA POUDRE STREE
COLORADO SPRINGS,CO80903 		N/A 501(C)(3) GENERAL CONTRIBUTION 70,000

DESERT VOICES

3426 E SHEA BLVD
PHOENIX,AZ85028 		N/A 501(C)(3) GENERAL CONTRIBUTION 50,000

FOUNDATION FIGHTING BLINDNESS

7168 COLUMBIA GATEWAY DR
COLUMBIA,MD21046 		N/A 501(C)(3) GENERAL CONTRIBUTION 50,000

LAKE OWEN ASSOCIATION

1208 W 4TH ST
NEW RICHMOND,WI54017 		N/A 501(C)(3) GENERAL CONTRIBUTION 38,000

MAMAS KITCHEN

3960 HOME AVENUE
SAN DIEGO,CA92105 		N/A 501(C)(3) GENERAL CONTRIBUTION 12,000

NATIONAL LOUIS UNVERSITY

122 S MICHIGAN AVE
CHICAGO,IL60603 		N/A 501(C)(3) GENERAL CONTRIBUTION 200,000

NEW CANAAN NATURE CENTER

144 OENOKE RIDGE
NEW CANAAN,CT06840 		N/A 501(C)(3) GENERAL CONTRIBUTION 10,000

PANDA - UNIVERSITY OF ARIZONA FOUNDATION

1111 NORTH CHERRY AVENUE
TUCSON,AZ857210109 		N/A 501(C)(3) GENERAL CONTRIBUTION 50,000

PARK CITY COMMUNITY FOUNDATION

1918 PROSPECTOR AVENUE
PARK CITY,UT84060 		N/A 501(C)(3) GENERAL CONTRIBUTION 50,000

PARK CITY EDUCATION FOUNDATION

PO BOX 681422
PARK CITY,UT84068 		N/A 501(C)(3) GENERAL CONTRIBUTION 25,000

PHOENIX COUNTRY DAY SCHOOL

3901 E STANFORD DRIVE
PARADISE VALLEY,AZ85253 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

RYE NATURE CENTER

873 BOSTON POST RD
RYE,NY10580 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

STEP - STUDENT EXPEDITION PROGRAM

5021 N 20TH STREET 10782
PHOENIX,AZ85016 		N/A 501(C)(3) GENERAL CONTRIBUTION 5,000

THE FIRST TEE OF PHOENIX

3837 E WEIR AVE 7
PHOENIX,AZ85040 		N/A 501(C)(3) GENERAL CONTRIBUTION 40,000

UC SAN DIEGO FOUNDATION

9500 GILMAN DRIVE 0940
LA JOLLA,CA920930940 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

VALLEYWISE HEALTH FOUNDATION

5050 N 40TH ST SUITE 110
PHOENIX,AZ85018 		N/A 501(C)(3) GENERAL CONTRIBUTION 100,000

WINTER SPORTS SCHOOL

4251 SHADOW MOUNTAIN DR
PARK CITY,UT84098 		N/A 501(C)(3) GENERAL CONTRIBUTION 15,000

CHEQUAMEGON BAY UNITED IMPACT LAND TRUST

1118 TOWER AVE
SUPERIOR,WI54880 		N/A 501(C)(3) GENERAL CONTRIBUTION 20,000

GRALAND COUNTRY DAY SCHOOL

55 CLERMONT STREET
DENVER,CO80220 		N/A 501(C)(3) GENERAL CONTRIBUTIONS 10,000

NEW CANAAN COMMUNITY FUND

111 CHERRY STREET
NEW CANAAN,CT06840 		N/A 501(C)(3) GENERAL CONTRIBUTIONS 10,000

DENVER ZOOLOGICAL FOUNDATION

2300 STEELE STREET
DENVER,CO80205 		N/A 501(C)(3) GENERAL CONTRIBUTIONS 10,000
Total .................................right arrow 3a 845,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 407  
4 Dividends and interest from securities ....     14 870,949  
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 ............ 		    18 221,656  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,093,012 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,093,012
(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 InvestmentsCorpStockSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Name of Stock End of Year Book Value End of Year Fair Market Value
AAON INC 6,367 9,168
ACADIA HEALTHCARE COMPANY INC 11,219 6,423
AGNC INVESTMENT CORP 9,885 9,348
ALAMO GROUP INC 4,587 4,221
ANTERO RES CORP COM 6,943 8,727
ARTISAN PARTNERS ASSET MGMT 10,402 9,988
BEACON ROOFING SUPPLY INC 12,340 14,628
BRUKER CORPORATION 6,957 7,034
BWX TECHNOLOGIES INC COM 8,082 8,574
CADENCE BANK 8,396 11,334
CAPRI HOLDINGS LIMITED 7,353 7,139
CELESTICA INC 7,602 13,291
CHAMPION HOMES INC 2,458 5,031
CIENA CORP NEW 6,765 9,753
COLUMBUS MCKINNON CORP 4,347 4,171
COMERICA INC 14,016 16,328
COTY INC COM CL A 9,677 6,041
CULLEN FROST BANKERS INC 10,599 12,172
CUSHMAN & WAKEFIELD PLC 10,889 13,669
ELEMENT SOLUTIONS INC 17,094 18,564
FABRINET 7,348 7,316
FIRST AMERICAN FINL CORP 12,979 13,862
FIRSTCASH HLDGS INC 9,124 8,553
GATX CORP 5,070 6,025
GILDAN ACTIVEWEAR INC 7,148 9,410
GLOBUS MEDICAL INC A 5,192 7,861
GXO LOGISTICS INCORPORATED 7,135 6,960
H&E EQUIPMENT SVCS INC 4,743 4,257
HAWKINS INC 4,484 4,363
HEALTHEQUITY INC COM 9,221 11,034
HUNTINGTON INGALLS INDUSTRIES 5,907 5,716
INSIGHT ENTERPRISES INC 7,712 6,486
INSTALLED BLDG PRODS INC 8,509 10,217
JOHN BEAN TECHNOLOGIES CORP 8,778 8,917
KIRBY CP 3,824 4,447
LINCOLN ELEC HLDGS INC 4,466 4,394
MANPOWER GROUP INC COM 5,358 5,015
MATADOR RES CO 4,523 7,933
MATERION CORP COM 8,399 8,992
MAXLINEAR INC CLASS A 2,640 3,659
MFA FINL INC 8,346 7,622
MURPHY OIL CORP 9,159 7,807
NNN REIT INC 9,075 8,824
OSHKOSH CORP 3,763 3,304
PERMIAN RESOURCES CP CL A 8,162 7,679
PORTLAND GENERAL ELEC CO 8,442 8,462
PROSPERITY BANCSHARES 8,802 10,172
RAMBUS INC 1,691 5,339
RED ROCK RESORTS INC CL A 11,056 9,248
RUSH ENTERPRISES INC CL A 8,741 9,807
RXO INC 8,203 8,344
SELECTIVE INSURANCE GROUP 7,880 10,661
STAG INDL INC COM 9,449 8,556
TRANSMEDICS GROUP INC 4,971 3,330
UNITED BANKSHARES INC W VA 9,358 9,200
VALMONT INDUSTRIES 5,608 8,058
VALVOLINE INC COM 9,842 8,394
WARBY PARKER INC CL A 5,029 8,788
WESTERN ALLIANCE BANCORP 11,710 16,123
ZIONS BANCORPORATION N A 11,242 14,648
ABBOTT LABORATORIES 17,996 21,378
ABBVIE INC COM 18,888 31,808
ABERCROMBIE & FITCH CO 1,847 1,943
ACCENTURE PLC IRELAND CL A 18,506 29,550
ADOBE INC 12,105 16,453
ADVANCED MICRO DEVICES 9,211 17,152
AFLAC INCORPORATED 6,236 17,068
ALBEMARLE CORPORATION 1,321 1,033
ALPHABET INC CL A 39,020 121,152
ALTRIA GROUP INC 1,106 1,412
AMAZON COM INC 40,936 85,562
AMERICAN EXPRESS CO 5,463 16,027
AMERICAN TOWER CORP 10,984 10,454
AMERICAN WATER WORKS CO 21,159 20,416
ANALOG DEVICES INC 100 212
APPLE INC 49,131 184,560
APPLIED MATERIALS INC 6,349 11,384
APTARGROUP INC 3,247 4,242
AT&T INC 2,612 4,030
AUTODESK INC DELAWARE 2,314 3,547
AVIENT CORPORATION 6,129 5,557
AXALTA COATING SYSTEMS LTD. 17,036 16,734
BAKER HUGHES COMPANY CL A 8,827 19,443
BANK OF AMERICA CORP 14,759 26,238
BANK OF NEW YORK MELLON CORP 8,213 14,521
BEST BUY CO 2,263 2,917
BLOCK INC CL A 1,327 1,785
BOOKING HOLDINGS INC 5,151 4,968
BOSTON SCIENTIFIC CORP 8,341 8,575
BROADCOM INC 25,940 35,935
BRUKER CORPORATION 6,022 5,393
CADENCE DESIGN SYSTEM 7,706 8,112
CAESARS ENTERTAINMENT INC NEW 1,215 1,103
CAPITAL ONE FINANCIAL CORP 1,297 1,248
CATERPILLAR INC 11,823 16,324
CENCORA INC 1,838 4,718
CHIPOTLE MEXICAN GRILL INC COM 1,540 6,030
CHUBB LTD 3,254 7,460
CHURCH & DWIGHT CO INC 19,082 24,921
CISCO SYS INC 16,449 20,661
CITIGROUP INC NEW 5,039 5,842
CNH INDUSTRIAL N V 14,841 13,800
COMMERCIAL METALS CO 3,644 3,224
CONSTELLATION BRANDS INC CL A 2,148 2,873
CORE LABORATORIES INC 22 35
CORTEVA INC 1,260 1,196
CUMMINS INC 14,043 24,053
DANAHER CORPORATION 2,929 4,361
DEERE & CO 3,367 9,745
DELL TECHNOLOGIES INC CL C 2,818 7,721
EBAY INC 2,560 2,540
ECOLAB INC 9,463 12,653
ELEVANCE HEALTH INC 3,895 5,902
ELI LILLY & CO 22,393 20,844
EMBECTA CORP 85 62
EMCOR GROUP INC 883 6,355
EQUINIX INC 5,810 8,486
ETSY INC COM 964 899
FEDERAL RLTY INVT TR SH BEN 4,759 6,157
FLUOR CORP NEW 2,051 2,466
FMC CORP NEW 9,427 8,069
GAP INC 1,011 2,103
GE AEROSPACE NEW 3,904 8,506
GEN DIGITAL INC 3,178 3,450
GOLDMAN SACHS GRP INC 17,933 42,947
HARTFORD INSURANCE GROUP INC 17,946 30,523
HASBRO INC 5,827 6,318
HEWLETT PACKARD ENTERPRISE 3,501 7,259
HOME DEPOT INC 9,021 16,338
HP INC COM 2,903 5,906
INTEL CORP 7,606 5,774
INTERNATIONAL FLAVORS & FRAGRANCE 1,919 2,452
INTL BUSINESS MACHINES CORP 8,830 13,849
INTUIT INC 7,325 17,598
IRIDIUM COMMUNICATIONS INC COM 3,642 3,569
IRON MOUNTAIN INC 3,896 3,574
JOHNSON & JOHNSON 68,491 65,079
JPMORGAN CHASE & CO 15,104 25,889
KB HOME 792 1,380
KBR INC 2,783 2,897
KILROY REALTY CORPORATION 4,784 6,512
KLA CORPORATION 2,003 8,192
KROGER CO 39 61
L3HARRIS TECHNOLOGIES INC 15,524 15,140
LAS VEGAS SANDS CORPORATION 2,434 3,184
LINCOLN ELEC HLDGS INC 1,950 4,687
LULULEMON ATHLETICA INC 1,071 1,530
LYFT INC CL A 948 980
MARSH & MCLENNAN COS INC 2,696 5,947
MASTERCARD INC CL A 28,930 43,179
MC CORMICK AND CO NON VOTING 972 1,144
MC DONALDS CORP 587 580
MCKESSON CORP 1,583 6,839
MERCK & CO INC NEW COM 41,460 43,672
META PLATFORMS INC CL A 17,368 72,018
MGM RESORTS INTERNATIONAL 6,771 5,891
MICROSOFT CORP 67,322 154,269
MOODYS CORP 7,192 8,047
MOTOROLA SOLUTIONS INC 4,235 12,942
NASDAQ INC COM 10,007 14,070
NETFLIX INC 15,152 18,718
NEWMONT CORPORATION 9,501 8,263
NEWS CORPORATION CL A 10,683 10,713
NIKE INC B 1,803 1,589
NVIDIA CORPORATION 8,776 179,277
OMNICOM GROUP 260 430
ONE GAS INC 11,827 13,435
ONEOK INC 9,252 12,148
ORGANON & CO 39 15
PAYPAL HLDGS INC COM 3,980 5,206
PHILIP MORRIS INTL INC 19,669 27,801
PNC FINL SVCS GP 8,833 14,849
POTLATCHDELTIC CORP 7,115 6,908
PROLOGIS INC COM 4,348 5,179
QUALCOMM INC 6,838 12,290
RTX CORPORATION 11,301 18,168
S&P GLOBAL INC COM 19,392 36,854
SALESFORCE INC 14,211 30,758
SERVICENOW INC 2,842 10,601
SHERWIN WILLIAMS COMPANY OHIO 1,130 1,020
SIMON PPTY GROUP INC 8,226 13,088
STARBUCKS CORP WASHINGTON 6,487 6,114
SUNRISE COMMUNICATIONS CL A 484 474
SUNRUN INC 2,813 1,813
SYSCO CORP 15,123 15,521
TARGET CORPORATION 9,601 11,490
TE CONNECTIVITY PLC 1,212 2,430
TESLA INC 27,472 51,288
TETRA TECH INC 8,786 8,366
THE CIGNA GROUP 14,365 18,501
THERMO FISHER SCIENTIFIC 4,977 7,283
TJX COS INC NEW 7,417 14,135
T-MOBILE US INC COM 2,521 4,194
TRACTOR SUPPLY CO 1,131 1,061
TRANE TECHNOLOGIES PLC 1,206 1,108
TRAVELERS COMPANIES INC COM 620 1,445
UBER TECHNOLOGIES INC 4,685 3,981
UNITEDHEALTH GP INC 11,356 21,752
VALERO ENERGY CP DELA NEW 3,116 2,697
VALVOLINE INC COM 863 2,207
VERIZON COMMUNICATIONS 856 1,080
VISA INC CL A 36,030 54,675
VOYA FINL INC 2,041 1,927
W W GRAINGER INC 5,192 13,703
WALMART INC 13,177 27,376
WELLS FARGO & CO NEW 5,394 12,503
WILLIAMS SONOMA 4,877 15,740
XYLEM INC COM 13,402 19,143
ACCENTURE PLC IRELAND CL A 13,066 19,400
AIA GROUP LTD SPON ADR 11,607 8,060
AKZO NOBEL NV ADR 15,135 10,023
ALCON INC 11,473 15,365
ASHTEAD GROUP PLC ADR 11,683 16,965
ASSA ABLOY AB UNSP ADR 11,114 14,152
BROOKFIELD CORP CL A 13,417 26,025
CAMECO CORP 4,197 21,635
COCA-COLA EUROPACIFIC PARTNERS 8,262 17,052
CREDICORP LTD 11,051 16,590
DAIKIN INDS LTD UNSPON ADR 13,226 10,401
DBS GROUP HOLDINGS LTD SP 9,374 18,972
DIAGEO PLC SPON ADR NEW 16,101 15,383
DSM FIRMENICH AG ADR 16,064 14,405
ERSTE GROUP BANK AG SPONS ADR 10,527 22,827
EXPERIAN GP LTD ADR 10,993 13,504
FANUC CORPORATION UNSP ADR 14,912 10,799
GSK PLC ADR 13,153 11,871
HALEON PLC ADR 12,739 16,638
HEINEKEN NV SPN ADR 12,039 8,857
ING GROEP NV ADR 11,685 22,189
KUBOTA CP ADR 13,815 9,069
LVMH MOET HENNESSY LOUIS VUITT 10,501 12,968
MAGNA INTERNATIONAL INC 12,009 8,525
MICHELIN COMPAGNIE GENERALE DE 17,277 15,888
MONOTARO CO LTD ADR 16,208 19,297
MUENCHENER RUECK-UNSPONS ADR 7,148 15,788
NIDEC CORP 14,890 6,023
OTSUKA HOLDINGS CO LTD UNS ADR 11,548 18,578
PAN PAC INTL HLDGS CORP ADR 13,625 20,927
RENTOKIL INITIAL PLC ADR 12,404 9,571
ROCHE HOLDINGS ADR 15,538 16,952
SAFRAN SA 10,656 21,029
SONY GROUP CORPORATION ADR 18,619 22,006
SYMRISE AG UNSPONS ADR 13,616 13,154
TOTALENERGIES SE SPONSORED ADS 7,639 11,609
UNILEVER PLC (NEW) ADS 10,694 11,567
APOLLO DEBT BDC - CLASS I 400,000 399,711
BLUE OWL REAL ESTATE NLT 217,328 248,142
S.C. JOHNSON 377,064 408,700

TY 2024 InvestmentsOtherSchedule2
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ISHARES CORE MSCI EAFE ETF FMV 495,879 524,570
SPDR S&P 500 ETF TRUST FMV 331,462 792,380
ARTISAN DEVELOPING WORLD ADV FMV 134,659 261,921
CCM COMMUNITY IMPACT BD INST FMV 565,566 497,237
GQG PARTNERS EMRG MKTS EQ INS FMV 419,512 465,630
JOHCM INTERNATIONAL SEL INST FMV 279,569 469,482
LORD ABBETT SHT DURATION INC I FMV 328,355 326,791
NUVEEN CORE IMPACT BD R6 FMV 1,004,830 958,378
T ROWE PRICE NEW HORIZONS INV FMV 453,626 526,758
MICHAEL W LOUIS COMPANY AT COST 369,312 1,310,362
MWL LIMITED PARTNERSHIP AT COST 3,361 3,683,305

TY 2024 LegalFeesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BELL & ANDERSON LLC 22,220 22,220   0


TY 2024 OtherDecreasesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Description Amount
ROUNDING ADJUSTMENT 4
MORGAN STANLEY 2024 INCOME REC'D IN 2025 11,251
NON-DIVIDEND DISTRIBUTIONS - BASIS ADJUSTMENTS 158
COST BASIS ADJUSTMENTS - 2024 SALES 873
TAX VS BOOK BASIS ADJUSTMENT ON SALES 5
ADJUST BLUE OWL/OAK STREET NET LEASE TRUST FOR NONDIV DISTRIBUTIONS 17,046


TY 2024 OtherExpensesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MWL HOLDINGS LP 2,753 2,753   0
MWL COMPANY - OTHER EXPENSES 27,226 27,226   0
MORGAN STANLEY 816 ADR FEES 703 703   0


TY 2024 OtherIncreasesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Description Amount
MORGAN STANLEY 2023 DIVIDENDS REC'D IN 2024 9,472
MORGAN STANLEY #262 - NONDIVIDEND DISTRIBUTIONS 442
MORGAN STANLEY #594 - NONDIVIDEND DISTRIBUTIONS 50
BLUE OWL REAL ESTATE NLT I - NONDIVIDEND DISTRIBUTION 17,046


TY 2024 OtherProfessionalFeesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 72,653 72,653   0


TY 2024 TaxesSchedule
Name:
MICHAEL W LOUIS PRIVATE FOUNDATION
EIN:
81-3941498
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES - MORGAN STANLEY 5,608 5,608   0
2023 990PF TAXES 1,500 0   0
2024 990-T ESTIMATED TAXES 25,000 0   0
2024 990PF ESTIMATED TAXES 17,500 0   0