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 04-01-2024 , and ending 03-31-2025
Name of foundation
WILLIAM A BADGER FOUNDATION
 
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

74-6087935
B Telephone number (see instructions)

(888) 730-4933
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$73,546,431J 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... 1,771,232 1,771,232  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,614,251
b Gross sales price for all assets on line 6a 24,087,344
7 Capital gain net income (from Part IV, line 2)... 5,614,251
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
92,334 92,334  
12 Total. Add lines 1 through 11........ 7,477,817 7,477,817  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 243,472 219,125   24,347
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
7,000 0 0 7,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,786 0 0 1,786
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
28,666 2,459   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
78 78    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 281,002 221,662 0 33,133
25 Contributions, gifts, grants paid....... 3,495,763 3,495,763
26 Total expenses and disbursements. Add lines 24 and 25 3,776,765 221,662 0 3,528,896
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,701,052
b Net investment income (if negative, enter -0-) 7,256,155
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............. 11,838 8,838 8,838
2 Savings and temporary cash investments......... 4,799,004 3,599,766 3,599,766
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)....... 9,987,332 Click to see attachment
List of Attached Documents:
// Content
14,658,390 		31,458,939
c Investments—corporate bonds (attach schedule)....... 10,102,013 Click to see attachment
List of Attached Documents:
// Content
9,539,609 		9,639,306
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).......... 24,843,806 Click to see attachment
List of Attached Documents:
// Content
25,646,897 		28,839,582
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) 49,743,993 53,453,500 73,546,431
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........ 49,743,993 53,453,500
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)..... 49,743,993 53,453,500
30 Total liabilities and net assets/fund balances (see instructions). 49,743,993 53,453,500
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
49,743,993
2
Enter amount from Part I, line 27a .....................
2
3,701,052
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
10,908
4
Add lines 1, 2, and 3 ..........................
4
53,455,953
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,453
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
53,453,500
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 125000. AMAZON.COM INC 0.800% 6/03/25   2020-06-11 2024-04-03
b 150000. US TREASURY NOTE 1.625% 2/15/26   2021-11-01 2024-04-12
c 613.73 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2024-04-15
d 96.38 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2024-04-25
e 100000. HONEYWELL INTERNATIO 2.300% 8/15/24   2019-10-08 2024-05-07
250000. MASTERCARD INC 2.000% 3/03/25   2020-03-05 2024-05-09
572.89 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2024-05-15
95.57 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2024-05-25
125000. AMAZON.COM INC 0.800% 6/03/25   2020-06-11 2024-05-31
200000. NIKE INC 2.400% 3/27/25   2020-05-11 2024-06-05
613.45 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2024-06-15
100000. US TREASURY NOTE 1.625% 2/15/26   2021-12-06 2024-06-24
111.31 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2024-06-25
295000. US TREASURY NOTE 3.000% 6/30/24   2023-06-21 2024-06-30
100000. CAPITAL ONE FINANCIA 3.300% 10/30/24   2020-05-27 2024-07-09
625.52 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2024-07-15
307000. US TREASURY NOTE 0.375% 7/15/24   2023-06-21 2024-07-15
88.47 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2024-07-25
578.29 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2024-08-15
100000. BANK OF NEW YORK MEL 3.250% 9/11/24   2019-06-05 2024-08-16
675. ISHARES MBS ETF   2021-10-20 2024-08-16
91.82 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2024-08-25
50179. INVESCO OPTIMUM YIELD DIVERSIF ETF   2020-04-01 2024-09-12
3118. MICROSOFT CORP   2000-09-28 2024-09-12
12880. NVIDIA CORP   2019-05-22 2024-09-12
8904. HEALTH CARE SELECT SECTOR   2023-06-14 2024-09-12
14000. VANGUARD FTSE EMERGING MARKETS ETF   2023-06-14 2024-09-12
606.23 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2024-09-15
104.36 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2024-09-25
13290. ISHARES SHORT TREASURY BOND ETF   2023-04-12 2024-09-25
225000. US TREASURY NOTE 2.750% 4/30/27   2022-06-27 2024-09-27
100000. CAPITAL ONE FINANCIA 3.300% 10/30/24   2020-01-17 2024-10-01
200000. ABBVIE INC 3.600% 5/14/25   2020-07-10 2024-10-02
1108. ISHARES MBS ETF   2021-10-20 2024-10-02
573.26 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2024-10-15
125000. STRYKER CORP 1.150% 6/15/25   2020-11-12 2024-10-15
74.54 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2024-10-25
125000. STRYKER CORP 1.150% 6/15/25   2020-11-12 2024-11-08
586.59 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2024-11-15
118.67 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2024-11-25
125000. HP INC 2.200% 6/17/25   2020-10-07 2024-11-26
75000. US TREASURY NOTE 2.125% 5/31/26   2022-06-28 2024-12-05
543.62 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2024-12-15
100000. BP CAP MARKETS AMERI 3.410% 2/11/26   2021-04-08 2024-12-17
104.86 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2024-12-25
13880. APPLE INC   2008-11-21 2025-01-02
125000. HP INC 2.200% 6/17/25   2020-10-07 2025-01-03
6659. GXO LOGISTICS INC   2024-07-11 2025-01-08
586.86 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2025-01-15
723. ADOBE SYS INC   2022-11-08 2025-01-23
2166. ADVANCED MICRO DEVICES INC   2024-09-16 2025-01-23
71.07 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2025-01-25
75000. US TREASURY NOTE 2.125% 5/31/26   2022-06-28 2025-01-31
850. ESTEE LAUDER COMPANIES INC   2024-07-11 2025-02-12
2964. ESTEE LAUDER COMPANIES INC   2011-07-18 2025-02-12
573.09 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2025-02-15
250000. CATERPILLAR FINL SER 0.900% 3/02/26   2021-03-17 2025-02-24
98.85 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2025-02-25
7. APPLE INC   2008-11-21 2025-02-27
3810. CHEVRON CORP   2023-02-02 2025-02-27
896. DOLLAR GENERAL CORP   2023-06-14 2025-02-27
1358. GENERAL DYNAMICS CORP   2023-06-14 2025-02-27
120000. GOLDMAN SACHS GROUP 3.750% 5/22/25   2023-05-23 2025-02-27
10011. HALLIBURTON CO   2024-07-11 2025-02-27
1499. L3HARRIS TECHNOLOGIES INC   2023-06-14 2025-02-27
638. LOCKHEED MARTIN CORP   2023-06-14 2025-02-27
11034. PFIZER INC   2022-07-28 2025-02-27
8448.8 T ROWE PR NEW HORIZONS-I #532   2024-02-16 2025-02-27
62568. ISHARES CORE U.S. AGGREGATE ETF   2024-01-22 2025-03-06
539.63 FHLMC POOL #G18461 2.500% 4/01/28   2013-05-09 2025-03-15
150000. BP CAP MARKETS AMERI 3.410% 2/11/26   2021-04-08 2025-03-25
68.59 FNMA POOL MA0318 4.500% 2/01/30   2012-11-05 2025-03-25
CAPITAL GAIN DIVIDENDS P    
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(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 119,203   125,154 -5,951
b 141,381   153,098 -11,717
c 614   640 -26
d 96   104 -8
e 99,132   102,521 -3,389
243,233   259,135 -15,902
573   597 -24
96   103 -7
119,635   125,084 -5,449
195,354   211,394 -16,040
613   639 -26
94,973   100,533 -5,560
111   120 -9
295,000   288,363 6,637
99,224   104,348 -5,124
626   652 -26
307,000   291,650 15,350
88   96 -8
578   603 -25
99,840   103,453 -3,613
63,926   72,792 -8,866
92   99 -7
651,807   582,829 68,978
1,328,027   134,643 1,193,384
1,547,793   49,146 1,498,647
1,386,178   1,166,861 219,317
618,882   580,982 37,900
606   632 -26
104   113 -9
1,469,236   1,465,379 3,857
220,816   220,228 588
100,000   104,220 -4,220
198,750   222,498 -23,748
105,872   119,412 -13,540
573   598 -25
122,156   126,706 -4,550
75   81 -6
122,390   126,367 -3,977
587   611 -24
119   128 -9
123,023   131,595 -8,572
72,756   72,891 -135
544   567 -23
98,741   109,723 -10,982
105   113 -8
3,393,727   40,644 3,353,083
123,466   131,025 -7,559
298,307   339,197 -40,890
587   612 -25
313,973   220,445 93,528
267,030   330,256 -63,226
71   77 -6
72,987   72,987  
59,132   88,914 -29,782
206,197   378,696 -172,499
573   597 -24
241,283   247,437 -6,154
99   107 -8
1,695   21 1,674
597,682   617,105 -19,423
66,114   145,174 -79,060
341,805   290,820 50,985
119,760   119,591 169
262,759   334,815 -72,056
306,295   289,118 17,177
283,588   291,604 -8,016
288,614   546,723 -258,109
456,489   500,000 -43,511
6,161,187   6,141,969 19,218
540   562 -22
148,668   164,447 -15,779
69   74 -5
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
      24,119
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       -5,951
b       -11,717
c       -26
d       -8
e       -3,389
      -15,902
      -24
      -7
      -5,449
      -16,040
      -26
      -5,560
      -9
      6,637
      -5,124
      -26
      15,350
      -8
      -25
      -3,613
      -8,866
      -7
      68,978
      1,193,384
      1,498,647
      219,317
      37,900
      -26
      -9
      3,857
      588
      -4,220
      -23,748
      -13,540
      -25
      -4,550
      -6
      -3,977
      -24
      -9
      -8,572
      -135
      -23
      -10,982
      -8
      3,353,083
      -7,559
      -40,890
      -25
      93,528
      -63,226
      -6
       
      -29,782
      -172,499
      -24
      -6,154
      -8
      1,674
      -19,423
      -79,060
      50,985
      169
      -72,056
      17,177
      -8,016
      -258,109
      -43,511
      19,218
      -22
      -15,779
      -5
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 5,614,251
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) 1 100,861
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........................... 3 100,861
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- ..... 5 100,861
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 76,914
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 76,914
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 23,947
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 arrowTX
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 arrowWELLS FARGO BANK NA 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
WELLS FARGO BANK N A TRUSTEE
1 		243,472    
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
70,259,433
b
Average of monthly cash balances.......................
1b
5,290,613
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
75,550,046
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
75,550,046
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,133,251
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
74,416,795
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,720,840
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
3,720,840
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
100,861
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
100,861
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,619,979
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,619,979
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
3,619,979
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
3,528,896
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
3,528,896
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 3,619,979
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 227,632
f Total of lines 3a through e ........ 227,632
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,528,896
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 3,528,896
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 91,083 91,083
(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 5 136,549
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 ...... 		136,549
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 136,549
e Excess from 2024....  
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).)
NONE
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.
NONE
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

ST PAULS EPISCOPAL CHURCH

84 E OAKLAND AVE
DOYLESTOWN,PA18901 		NONE PC GENERAL OPERATING 174,788

TOWN OF EDINBURGH FBO REST HAVEN

107 S HOLLAND ST
EDINBURGH,IN46124 		NONE PC GENERAL OPERATING 174,788

METHODIST CHILDRENS HOME OF WACO

1111 HERRING AVE
WACO,TX76708 		NONE PC GENERAL OPERATING 1,223,517

BAYLOR UNIVERSITY

ONE BEAR PLACE NO 97026
WACO,TX767987026 		NONE PC GENERAL OPERATING 1,398,306

PAUL QUINN COLLEGE

3837 SIMPSON STUART RD
DALLAS,TX752414331 		NONE PC GENERAL OPERATING 174,788

CITY OF WACO FBO OAKWOOD CEMETERY

PO BOX 2570
WACO,TX767022570 		NONE PC GENERAL OPERATING 174,788

EDINBURGH UNITED METHODIST CHURCH

107 W CAMPBELL ST
EDINBURGH,IN46124 		NONE PC GENERAL SUPPORT 174,788
Total .................................right arrow 3a 3,495,763
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 1,771,232  
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 5,614,251  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP/S-CORP 		    1 92,334  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   7,477,817  
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,477,817
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
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May the IRS discuss this return
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:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,786     1,786

TY 2024 InvestmentsCorpBondsSchedule
Name:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Name of Bond End of Year Book Value End of Year Fair Market Value
57636QAN4 MASTERCARD INC    
40434LAA3 HP INC    
654106AH6 NIKE INC    
023135BQ8 AMAZON.COM INC    
14040HBT1 CAPITAL ONE FINANCIA    
863667BA8 STRYKER CORP    
438516BW5 HONEYWELL INTERNATIO    
42824CBK4 HP ENTERPRISE CO 256,838 243,260
14913R2K2 CATERPILLAR FINL SER    
0641593U8 BANK OF NOVA SCOTIA 246,469 242,568
00287YAQ2 ABBVIE INC    
808513BF1 CHARLES SCHWAB CORP 251,350 241,715
06406HCX5 BANK OF NEW YORK MEL    
10373QBE9 BP CAP MARKETS AMERI    
37940XAE2 GLOBAL PAYMENTS INC 242,989 242,115
912828P46 US TREASURY NOTE 1.6    
3135G05Y5 FED NATL MTG ASSN 219,955 231,238
92343VDY7 VERIZON COMMUNICATIO 198,305 198,968
20030NEA5 COMCAST CORP 103,815 102,569
9128286X3 US TREASURY NOTE 71,367 73,386
24422EWR6 JOHN DEERE CAPITAL 99,288 101,437
91282CEN7 US TREASURY NOTE 2.7 269,167 268,716
91282CFU0 US TREASURY NOTE 4.1 495,410 502,830
91282CEW7 US TREASURY NOTE 3.2 463,550 468,616
91282CGP0 US TREASURY NOTE 493,438 501,465
91324PEP3 UNITEDHEALTH GROUP 101,024 102,550
00206RKG6 AT&T INC 86,375 92,506
031162CT5 AMGEN INC 120,757 124,829
06051GFX2 BANK OF AMERICA CORP 105,989 108,981
26441CBS3 DUKE ENERGY CORP 127,794 129,185
38148LAE6 GOLDMAN SACHS GROUP    
45866FAD6 INTERCONTINENTALEXCH 96,162 99,523
459200JZ5 IBM CORP 94,696 98,932
46124HAC0 INTUIT INC 140,301 150,234
46647PDA1 VR JPMORGAN CHASE & 196,956 199,022
67103HAF4 O'REILLY AUTOMOTIVE 70,918 73,447
717081EP4 PFIZER INC 158,017 166,933
78016HZS2 ROYAL BANK OF CANADA 189,548 193,669
91282CCL3 US TREASURY NOTE    
91282CEX5 US TREASURY NOTE 3.0    
91282CHE4 US TREASURY NOTE 368,373 371,925
91282CJA0 US TREASURY NOTE 426,325 434,894
91282CJW2 US TREASURY NOTE 98,957 100,273
91282CKD2 US TREASURY NOTE 503,301 505,860
961214DW0 WESTPAC BANKING CORP 95,163 97,772
00287YDS5 ABBVIE INC 180,192 177,223
02005NBP4 ALLY FINANCIAL INC 112,221 113,258
046353AT5 ASTRAZENECA PLC 143,745 148,250
126650DW7 CVS HEALTH CORP 99,798 100,466
29444UBE5 EQUINIX INC 92,690 93,547
30231GBE1 EXXON MOBIL CORPORAT 138,395 139,815
337738AU2 FISERV INC 93,334 95,100
37045XDW3 GENERAL MOTORS FINL 98,913 100,110
38141GXG4 GOLDMAN SACHS GROUP 135,324 135,938
458140BY5 INTEL CORP 96,348 97,925
571748BG6 MARSH & MCLENNAN COS 161,794 164,424
6174468G7 VR MORGAN STANLEY 148,130 148,101
631103AG3 NASDAQ INC 98,839 99,198
863667BE0 STRYKER CORP 97,333 98,787
911312BM7 UNITED PARCEL SERVIC 137,084 140,807
91282CKP5 US TREASURY NOTE 241,763 246,254
91282CLC3 US TREASURY NOTE 239,238 240,629
91282CLN9 US TREASURY NOTE 502,138 495,829
91282CMG3 US TREASURY NOTE 329,733 334,227

TY 2024 InvestmentsCorpStockSchedule
Name:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Name of Stock End of Year Book Value End of Year Fair Market Value
437076102 HOME DEPOT INC 429,935 533,976
518439104 ESTEE LAUDER COMPANI    
G1151C101 ACCENTURE PLC 48,984 345,116
02079K107 ALPHABET INC CL C 260,574 2,215,966
90384S303 ULTA BEAUTY INC 213,768 359,942
278865100 ECOLAB INC 255,881 611,490
169656105 CHIPOTLE MEXICAN GRI 150,615 537,247
252131107 DEXCOM INC 106,750 230,752
45866F104 INTERCONTINENTAL EXC 114,063 675,338
023135106 AMAZON COM INC COM 82,639 1,771,511
617446448 MORGAN STANLEY 293,351 680,536
532457108 ELI LILLY & CO COM 989,325 1,857,472
79466L302 SALESFORCE INC 678,535 1,204,400
11135F101 BROADCOM INC 1,192,478 2,254,445
594918104 MICROSOFT CORP 137,302 1,735,428
78409V104 S&P GLOBAL INC 67,350 379,551
101137107 BOSTON SCIENTIFIC CO 193,518 1,093,136
92532F100 VERTEX PHARMACEUTICA 137,917 414,036
67066G104 NVIDIA CORP 2,706,539 2,487,321
235851102 DANAHER CORP 150,520 466,170
040413106 ARISTA NETWORKS INC    
037833100 APPLE INC 7,991 606,193
92826C839 VISA INC-CLASS A SHR 119,466 905,939
15135B101 CENTENE CORP DEL 284,131 404,450
21036P108 CONSTELLATION BRANDS 204,185 312,168
697435105 PALO ALTO NETWORKS I 461,448 1,002,339
30303M102 META PLATFORMS INC 881,223 2,176,335
717081103 PFIZER INC    
060505104 BANK OF AMERICA CORP 274,940 393,347
548661107 LOWES COS INC 394,554 476,256
22160K105 COSTCO WHOLESALE COR 404,194 799,184
166764100 CHEVRON CORP    
00724F101 ADOBE INC    
13646K108 CANADIAN PACIFIC KAN 191,783 318,051
256677105 DOLLAR GENERAL CORP    
30231G102 EXXON MOBIL CORPORAT 595,700 677,901
369550108 GENERAL DYNAMICS COR    
502431109 L3HARRIS TECHNOLOGIE    
539830109 LOCKHEED MARTIN CORP    
573284106 MARTIN MARIETTA MATL 145,679 164,477
87612E106 TARGET CORP 293,471 230,218
G54950103 NEW LINDE PLC 291,003 363,665
002824100 ABBOTT LABS 511,158 559,518
040413205 ARISTA NETWORKS INC 370,912 1,257,965
68389X105 ORACLE CORPORATION 683,144 614,745
98138H101 WORKDAY INC 333,364 342,355

TY 2024 InvestmentsOtherSchedule2
Name:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
464287507 ISHARES CORE S&P MID AT COST 572,989 3,346,956
31417YK89 FNMA POOL MA0318 4.5 AT COST 3,150 2,913
09186L100 ARES REAL ESTATE INC AT COST 429,218 469,182
46090F100 INVESCO OPTIMUM YIEL AT COST 1,321,559 1,356,608
64128R608 NEUBERGER BERMAN LON AT COST 1,070,042 1,493,250
3128MMQP1 FHLMC POOL #G18461 2 AT COST 14,269 13,374
GRA994205 GRAHAM ALT INV FUND AT COST 2,558,255 2,265,554
922042858 VANGUARD FTSE EMERGI      
81369Y506 AMEX ENERGY SELECT S AT COST 615,762 714,332
46090A887 INVESCO ULTRA SHORT AT COST 8,902,043 8,937,599
464288588 ISHARES MBS ETF      
464287226 ISHARES CORE U.S. AG      
464288646 ISHARES 1-5Y INV GRA AT COST 5,531,502 5,651,194
464288679 ISHARES SHORT TREASU      
779562206 T ROWE PR NEW HORIZO      
78468R408 SPDR BLOOMBERG SHORT AT COST 614,364 614,533
81369Y209 HEALTH CARE SELECT S      
46641Q332 JPMORGAN EQUITY PREM AT COST 4,013,744 3,974,087

TY 2024 LegalFeesSchedule
Name:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 7,000     7,000


TY 2024 OtherDecreasesSchedule
Name:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Description Amount
CY PURCHASE OF ACCRUED INTEREST 2,444
ROUNDING 9


TY 2024 OtherExpensesSchedule
Name:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES - ADR FEES 78 78   0


TY 2024 OtherIncomeSchedule2
Name:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FROM PARTNERSHIP/S-CORP 92,334 92,334  


TY 2024 OtherIncreasesSchedule
Name:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Description Amount
MUTUAL FUND TIMING ADJ 8,290
PY PURCHASE OF ACCRUED INTEREST 2,618


TY 2024 TaxesSchedule
Name:
WILLIAM A BADGER FOUNDATION
EIN:
74-6087935
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 2,245 2,245   0
FEDERAL ESTIMATES - PRINCIPAL 26,207 0   0
FOREIGN TAXES ON NONQUALIFIED 214 214   0