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
L E WILLSON TRUST B
 
Number and street (or P.O. box number if mail is not delivered to street address)2900 N 23RD ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
QUINCY, IL623059013
A Employer identification number

26-4168412
B Telephone number (see instructions)

(217) 228-8060
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$6,081,701J 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... 178,294 178,294  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 951,968
b Gross sales price for all assets on line 6a 4,017,090
7 Capital gain net income (from Part IV, line 2)... 951,968
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........ 1,130,262 1,130,262  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 16,427 12,320   4,107
14 Other employee salaries and wages...... 2,468 1,851   617
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
3,021 2,266   755
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,039 1,529   510
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,021 1,489    
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
42 42    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 28,018 19,497   5,989
25 Contributions, gifts, grants paid....... 71,470 71,470
26 Total expenses and disbursements. Add lines 24 and 25 99,488 19,497   77,459
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,030,774
b Net investment income (if negative, enter -0-) 1,110,765
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............. 139,055 1,603,733 1,603,733
2 Savings and temporary cash investments.........   90,000 90,030
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)   313,432 313,818
b Investments—corporate stock (attach schedule)....... 979,988 Click to see attachment
List of Attached Documents:
// Content
660,739 		1,846,846
c Investments—corporate bonds (attach schedule)....... 896,817 Click to see attachment
List of Attached Documents:
// Content
1,425,132 		1,421,290
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).......... 1,735,568 Click to see attachment
List of Attached Documents:
// Content
685,605 		805,984
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) 3,751,428 4,778,641 6,081,701
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........ 3,751,428 4,778,641
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)..... 3,751,428 4,778,641
30 Total liabilities and net assets/fund balances (see instructions). 3,751,428 4,778,641
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
3,751,428
2
Enter amount from Part I, line 27a .....................
2
1,030,774
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,782,202
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,561
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,778,641
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 137 CHEWY INC P 2023-07-21 2024-01-23
b 3,891.510 PIMCO FDS PAC INVT MGMT SE P 2024-08-07 2024-08-27
c 7 PALO ALTO NETWORKS INC P 2017-11-30 2024-01-23
d ANTHEM INC 3.6500% P 2019-08-13 2024-04-05
e BOSTON SCIENTIFIC CORP P 2020-06-04 2024-04-11
CITIGROUP INC 4.1250% P 2022-05-05 2024-04-05
EATON CORP PLC P 2021-02-10 2024-04-11
HOME DEPOT, INC. P 2022-12-06 2024-04-11
LAM RESEARCH CORP P 2018-10-01 2024-04-11
MERCK & COMPANY INC NEW COM P 2021-08-30 2024-04-11
NEUBERGER BERMAN ALTRNTIVE FDS P 2020-03-11 2024-03-28
PRINCIPAL FDS INC MIDCAP FD R6 P 2016-04-05 2024-03-28
TCW FDS INC EMERGING MARKETS INCOME P 2018-08-09 2024-03-28
ULTA BEAUTY INC P 2018-04-04 2024-04-11
WESTPAC BKG CORP 3.4000% P 2021-06-22 2024-04-05
22 ADVANCED MICRO DEVICES INC P 2023-12-14 2024-04-11
8,547.008 PRICE T ROWE HIGH YIELD FD P 2024-05-07 2024-08-27
150 SPDR GOLD SHARES ETF P 2000-01-01 2024-01-16
ANTHEM INC 3.6500% P 2020-06-19 2024-04-05
BP CAP MKTS AMER INC 3.1190% 05 P 2021-06-21 2024-04-05
CITIGROUP INC 4.1250% P 2023-01-25 2024-04-05
EATON CORP PLC P 2021-04-08 2024-04-11
INTEL CORP 4.1500% P 2022-11-29 2024-04-05
LAM RESEARCH CORP P 2019-08-09 2024-04-11
MERCK & COMPANY INC NEW COM P 2021-10-13 2024-04-11
OMNICOM GROUP INC 3.6000% P 2021-06-21 2024-04-05
PRINCIPAL FDS INC MIDCAP FD R6 P 2018-08-09 2024-03-28
TCW FDS INC EMERGING MARKETS INCOME P 2020-03-11 2024-03-28
ULTA BEAUTY INC P 2018-12-24 2024-04-11
WESTPAC BKG CORP 3.4000% P 2022-05-05 2024-04-05
29 CANADIAN PACIFIC KASIS CITY P 2023-12-21 2024-04-11
8,576.329 PRICE T ROWE HIGH YIELD FD P 2024-06-07 2024-08-27
150 SPDR GOLD SHARES ETF P 2000-01-01 2024-02-09
ARISTA NETWORKS INC P 2020-06-26 2024-04-11
BROADCOM INC P 2018-07-13 2024-04-11
COMCAST CORP NEW 4.1500% P 2021-01-19 2024-04-05
EQUINIX INC 1.5500% P 2020-11-16 2024-04-05
INTUITIVE SURGICAL INC P 2022-08-09 2024-04-11
LAM RESEARCH CORP P 2022-10-25 2024-04-11
META PLATFORMS INC P 2013-11-05 2024-04-11
OMNICOM GROUP INC 3.6000% P 2022-05-05 2024-04-05
PRINCIPAL FDS INC MIDCAP FD R6 P 2020-03-11 2024-03-28
THE CIGNA GROUP 1.2500% P 2021-06-21 2024-04-05
ULTA BEAUTY INC P 2020-06-04 2024-04-11
WESTPAC BKG CORP 3.4000% P 2023-01-25 2024-04-05
133 COSTAR GROUP INC P 2024-01-23 2024-04-11
8.532.423 PRICE T ROWE HIGH YIELD FD P 2024-07-08 2024-08-27
3 SERVICENOW INC P 2021-06-16 2024-01-23
AT & T INC 3.8000% 02 P 2022-05-25 2024-04-05
BROADCOM INC P 2019-07-03 2024-04-11
COSTCO WHSL CORP NEW P 2022-06-21 2024-04-11
EQUINIX INC 2.5000% P 2023-01-25 2024-04-05
INVESCO ACTIVLY MANGD ETC FD T OPT Y P 2020-06-16 2024-03-28
LILLY ELI & COMPANY P 2016-10-03 2024-04-11
META PLATFORMS INC P 2013-12-09 2024-04-11
PIMCO FDS PAC INVT MGMT SER EMRG MRK P 2009-02-18 2024-08-27
PRINCIPAL FDS INC REAL ESTATE R6 P 2016-04-05 2024-05-07
THE CIGNA GROUP 1.2500% P 2022-05-05 2024-04-05
UNION PAC CORP P 2012-07-31 2024-04-11
XPO LOGISTICS INC P 2017-06-05 2024-04-11
40 DEXCOM INC P 2023-09-13 2024-04-11
8.488.964 PRICE T ROWE HIGH YIELD FD P 2024-08-07 2024-08-27
5,132.34 TWEEDY BROWNE INTL VAL I P 2013-09-03 2024-03-08
BK OF AMERICA CORP 3.2480% P 2020-04-02 2024-04-05
BROADCOM INC P 2019-08-09 2024-04-11
COSTCO WHSL CORP NEW P 2022-10-18 2024-04-11
FORTUNE BRANDS INNOVATIONS INC P 2013-06-17 2024-04-11
ISHARES IBOXX USD INVT GRADE CORP BD P 2021-06-21 2024-03-28
LILLY ELI & COMPANY P 2016-11-29 2024-04-11
META PLATFORMS INC P 2021-04-08 2024-04-11
PIMCO FDS PAC INVT MGMT SER EMRG MRK P 2017-09-18 2024-08-27
PRINCIPAL FDS INC REAL ESTATE R6 P 2020-03-11 2024-05-07
THE CIGNA GROUP 1.2500% P 2022-05-25 2024-04-05
UNION PAC CORP P 2021-07-06 2024-04-11
XPO LOGISTICS INC P 2017-08-23 2024-04-11
FED FARM CREDIT BANK 5.9200% 02/0 P 2024-04-26 2024-10-09
132 THE TRADE DESK INC COM CL A P 2023-05-01 2024-04-11
15,000 US TREASURY NOTE P 2022-12-13 2024-01-09
BK OF AMERICA CORP 3.2480% P 2021-06-22 2024-04-05
BROADCOM INC P 2020-03-03 2024-04-11
DEXCOM INC P 2018-09-12 2024-04-11
FORTUNE BRANDS INNOVATIONS INC P 2021-03-04 2024-04-11
ISHARES IBOXX USD INVT GRADE CORP BD P 2022-09-21 2024-03-28
LILLY ELI & COMPANY P 2020-10-22 2024-04-11
META PLATFORMS INC P 2022-06-24 2024-04-11
PIMCO FDS PAC INVT MGMT SER HI YLD P 2020-06-16 2024-05-07
ROYAL BK CDA 4.2400% P 2022-11-29 2024-04-05
THERMO FISHER SCIENTIFIC INC 2.6000% P 2021-06-21 2024-04-05
UNITED STATES TREAS NTS 3.2500% P 2022-12-13 2024-04-05
XPO LOGISTICS INC P 2022-12-21 2024-04-11
21 FORTUNE BRANDS INNOVATIONS INC P 2023-12-21 2024-04-11
40 THE TRADE DESK INC COM CL A P 2023-06-05 2024-04-11
32 ACCENTURE PLC SHS CL A NEW P 2013-06-17 2024-04-11
BK OF AMERICA CORP 3.2480% P 2022-05-05 2024-04-05
CADENCE DESIGN SYSTEMS, INC. P 2023-02-21 2024-04-11
DEXCOM INC P 2018-10-03 2024-04-11
GLAXOSMITHKLINE CAP INC 3.8750% 0 P 2022-05-05 2024-04-05
ISHARES INC CORE MSCI EMERGING MKTS P 2018-10-25 2024-05-07
LOWES COS INC 3.3500% P 2022-09-21 2024-04-05
META PLATFORMS INC P 2022-10-25 2024-04-11
PIMCO FDS PAC INVT MGMT SER HI YLD P 2020-12-15 2024-05-07
SCHWAB CHARLES CORP 0.9000% P 2021-06-21 2024-04-05
THERMO FISHER SCIENTIFIC INC 2.6000% P 2022-05-05 2024-04-05
VERIZON COMMUNICATIONS INC 2.5500% P 2022-03-31 2024-04-05
19 HOME DEPOT, INC. P 2023-06-14 2024-04-11
28 THE TRADE DESK INC COM CL A P 2023-12-21 2024-04-11
121 ADVANCED MICRO DEVICES INC P 2023-02-09 2024-04-11
BK OF AMERICA CORP 3.2480% P 2023-01-25 2024-04-05
CANADIAN PACIFIC KASIS CITY P 2019-09-30 2024-04-11
DEXCOM INC P 2020-12-08 2024-04-11
GOLDMAN SACHS GROUP INC 3.7500% 0 P 2017-10-04 2024-04-05
ISHARES INC CORE MSCI EMERGING MKTS P 2020-03-10 2024-05-07
LULULEMON ATHLETICA, INC P 2019-06-28 2024-04-11
META PLATFORMS INC P 2023-02-09 2024-04-11
PIMCO FDS PAC INVT MGMT SER HI YLD P 2021-05-25 2024-05-07
SIMON PPTY GROUP LP 3.3750% P 2021-06-21 2024-04-05
THERMO FISHER SCIENTIFIC INC 2.6000% P 2022-05-25 2024-04-05
VERIZON COMMUNICATIONS INC 2.5500% P 2022-05-05 2024-04-05
8 HOME DEPOT, INC. P 2023-12-14 2024-04-11
6 ULTA BEAUTY INC P 2023-09-13 2024-04-11
1,847.107 AIM INVT FDS INVESCO INVT P 2012-07-18 2024-03-28
BOEING CO 2.196% 6/21/2021 P 2021-06-21 2024-04-05
CAPITAL ONE FINL CORP 3.7500% P 2020-05-13 2024-04-05
DEXCOM INC P 2022-12-21 2024-04-11
GOLDMAN SACHS GROUP INC 3.7500% P 2021-06-22 2024-04-05
JP MORGAN CHASE & COMPANY P 2006-05-22 2024-04-11
LULULEMON ATHLETICA, INC P 2021-10-14 2024-04-11
MFC SPDR GOLD TR GOLD SHS P 2020-12-15 2024-05-07
PNC FINL SVCS GROUP INC 2.5500% P 2021-01-19 2024-04-05
SIMON PPTY GROUP LP 3.3750% P 2022-05-10 2024-04-05
TORONTO DOMINION BANK 4.4560% P 2022-07-19 2024-04-05
VERTEX PHARMACEUTICALS INC P 2018-04-04 2024-04-11
8 INTUITIVE SURGICAL INC P 2023-11-29 2024-04-11
14 UNION PAC CORP P 2023-12-14 2024-04-11
1,344.865 AIM INVT FDS INVESCO INVT P 2017-09-18 2024-03-28
BOEING CO 2.1960% P 2022-05-05 2024-04-05
CAPITAL ONE FINL CORP 3.7500% P 2020-06-09 2024-04-05
DIGITAL RLTY TR LP 3.7000% P 2020-02-25 2024-04-05
GOLDMAN SACHS GROUP INC 3.7500% P 2022-05-05 2024-04-05
JP MORGAN CHASE & COMPANY P 2018-12-21 2024-04-11
LULULEMON ATHLETICA, INC P 2022-12-21 2024-04-11
MORGAN STANLEY 2.2390% P 2022-03-31 2024-04-05
PNC FINL SVCS GROUP INC 2.5500% P 2022-05-05 2024-04-05
SIMON PPTY GROUP LP 3.3750% P 2022-06-08 2024-04-05
TORONTO DOMINION BANK 4.4560% P 2023-01-25 2024-04-05
VERTEX PHARMACEUTICALS INC P 2022-12-21 2024-04-11
25 MERCK & COMPANY INC NEW COM P 2023-12-14 2024-04-11
17 WASTE MANAGEMENT, INC. (NEW) P 2023-12-14 2024-04-11
312.419 AIM INVT FDS INVESCO INVT FD P 2018-08-09 2024-03-28
BOEING CO 2.1960% P 2022-05-25 2024-04-05
CAPITAL ONE FINL CORP 3.7500% P 2022-05-09 2024-04-05
DIGITAL RLTY TR LP 3.7000% P 2020-06-09 2024-04-05
HARRIS ASSOC INVT TR OAKMARK INTL R6 P 2012-07-18 2024-03-28
JP MORGAN CHASE & COMPANY P 2019-08-09 2024-04-11
MARRIOTT INTL INC NEW 3.1250% P 2021-06-21 2024-04-05
MORGAN STANLEY 2.2390% P 2022-05-05 2024-04-05
POOL CORP P 2018-05-09 2024-04-11
STATE STR CORP 3.5500% P 2021-06-21 2024-04-05
TRACTOR SUPPLY CO P 2013-06-17 2024-04-11
WASTE MANAGEMENT, INC. (NEW) P 2020-03-16 2024-04-11
12 META PLATFORMS INC P 2023-11-29 2024-04-11
20,000 BECTON DICKINSON P   2024-01-24
ALLY FINL INC 4.7500% P 2022-09-21 2024-04-05
BOEING CO 2.1960% P 2023-01-25 2024-04-05
CHEVRON CORPORATION 1.5540% P 2020-05-13 2024-04-05
DIGITAL RLTY TR LP 3.7000% P 2022-05-09 2024-04-05
HOME DEPOT INC 3.0000% P 2016-06-03 2024-04-05
JP MORGAN CHASE & COMPANY P 2020-10-26 2024-04-11
MARRIOTT INTL INC NEW 3.1250% P 2022-05-05 2024-04-05
MORGAN STANLEY 2.2390% P 2023-01-25 2024-04-05
POOL CORP P 2021-03-04 2024-04-11
STATE STR CORP 3.5500% P 2022-05-16 2024-04-05
TRANSDIGM GROUP INC P 2015-12-21 2024-04-11
WASTE MANAGEMENT, INC. (NEW) P 2020-08-25 2024-04-11
3,937.948 PIMCO FDS PAC INVT MGMT SE P 2024-05-07 2024-08-27
11,000 CIGNA CORP P 2021-06-21 2024-02-16
AMAZON COM INC 3.6000% 04/13/3 P 2022-07-20 2024-04-05
BOSTON SCIENTIFIC CORP P 2015-04-14 2024-04-11
CHIPOTLE MEXICAN GRILL INC P 2020-03-26 2024-04-11
DISNEY WALT CO 2.0000% P 2020-02-25 2024-04-05
HOME DEPOT INC 3.0000% P 2017-05-04 2024-04-05
JPMORGAN CHASE & CO 2.9500% 10 P 2019-09-26 2024-04-05
MERCK & COMPANY INC NEW COM P 2016-02-05 2024-04-11
NETFLIX INC P 2017-06-05 2024-04-11
PPG INDS INC 1.2000% P 2021-06-21 2024-04-05
TARGET CORPORATION P 2012-07-31 2024-04-11
TRUIST FINL CORP 4.0000% P 2019-04-25 2024-04-05
WASTE MANAGEMENT, INC. (NEW) P 2020-10-26 2024-04-11
3,952.096 PIMCO FDS PAC INVT MGMT SE P 2024-06-07 2024-08-27
113 CHEWY INC P 2021-04-14 2024-01-23
AMAZON COM INC 3.6000% 04/1 P 2023-01-25 2024-04-05
BOSTON SCIENTIFIC CORP P 2015-06-30 2024-04-11
CHIPOTLE MEXICAN GRILL INC P 2022-05-13 2024-04-11
DISNEY WALT CO 2.0000% P 2022-05-05 2024-04-05
HOME DEPOT INC 3.0000% P 2019-08-13 2024-04-05
JPMORGAN CHASE & CO 2.9500% 1 P 2022-05-05 2024-04-05
MERCK & COMPANY INC NEW COM P 2016-05-10 2024-04-11
NETFLIX INC P 2019-09-30 2024-04-11
PPG INDS INC 1.2000% P 2022-05-05 2024-04-05
TARGET CORPORATION P 2014-06-25 2024-04-11
TRUIST FINL CORP 4.0000% P 2019-08-13 2024-04-05
WASTE MANAGEMENT, INC. (NEW) P 2021-02-10 2024-04-11
3,919.240 PIMCO FDS PAC INVT MGMT SE P 2024-07-08 2024-08-27
17,000 KINDER MORGAN INC P   2024-02-05
ANTHEM INC 3.6500% P 2019-05-29 2024-04-05
BOSTON SCIENTIFIC CORP P 2020-03-26 2024-04-11
CITIGROUP INC 4.1250% P 2021-06-21 2024-04-05
EATON CORP PLC P 2020-11-03 2024-04-11
HOME DEPOT INC 3.0000% P 2022-05-05 2024-04-05
LAM RESEARCH CORP P 2018-07-24 2024-04-11
MERCK & COMPANY INC NEW COM P 2020-07-17 2024-04-11
NETFLIX INC P 2022-03-11 2024-04-11
PPG INDS INC 1.2000% P 2022-09-21 2024-04-05
TARGET CORPORATION P 2019-08-09 2024-04-11
TRUIST FINL CORP 4.0000% P 2020-05-13 2024-04-05
WESTPAC BKG CORP 3.4000% P 2018-05-10 2024-04-05
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,714   4,803 -2,089
b 33,584   33,000 584
c 2,391   341 2,050
d 4,746   5,234 -488
e 692   376 316
4,738   4,863 -125
9,244   3,529 5,715
10,806   9,846 960
8,858   1,358 7,500
2,032   1,224 808
92,622   74,108 18,514
609,880   298,000 311,880
43,478   52,985 -9,507
10,808   4,958 5,850
4,707   5,602 -895
3,739   3,000 739
50,940   50,000 940
10   9 1
4,746   5,653 -907
14,396   16,286 -1,890
4,738   4,804 -66
6,375   2,804 3,571
23,278   23,450 -172
5,905   1,177 4,728
2,921   1,824 1,097
11,611   13,233 -1,622
43,301   29,556 13,745
32,136   37,679 -5,543
450   231 219
4,707   4,852 -145
2,525   2,288 237
51,115   50,000 1,115
10   9 1
22,290   3,926 18,364
38,858   5,690 33,168
14,469   17,823 -3,354
8,578   10,044 -1,466
16,486   9,981 6,505
5,905   2,290 3,615
8,887   847 8,040
4,838   4,937 -99
70,282   43,761 26,521
923   1,003 -80
1,351   755 596
4,707   4,784 -77
12,392   11,132 1,260
50,853   50,000 853
2,251   1,539 712
19,220   20,126 -906
36,082   7,397 28,685
11,708   7,354 4,354
8,209   8,369 -160
41,310   38,536 2,774
15,227   1,614 13,613
47,047   4,348 42,699
83,297   77,383 5,914
62,963   56,064 6,899
4,617   4,761 -144
12,112   3,148 8,964
887   151 736
5,633   4,237 1,396
50,594   50,000 594
142,782   132,722 10,060
9,394   10,290 -896
12,490   2,499 9,991
2,195   1,413 782
10,397   4,873 5,524
13,630   16,730 -3,100
25,886   2,284 23,602
16,728   9,969 6,759
12,906   16,025 -3,119
35,038   33,111 1,927
2,770   2,869 -99
1,900   1,776 124
5,953   1,007 4,946
35,000   34,811 189
11,602   8,426 3,176
14,388   14,388  
4,697   5,421 -724
12,490   2,518 9,972
3,380   866 2,514
1,629   1,550 79
8,178   7,999 179
24,363   4,539 19,824
15,160   4,752 10,408
183,796   200,000 -16,204
24,236   24,181 55
10,614   12,587 -1,973
18,918   19,640 -722
12,539   3,493 9,046
1,629   1,620 9
3,516   3,013 503
10,438   2,647 7,791
4,697   4,772 -75
12,390   7,700 4,690
16,899   3,791 13,108
14,442   15,024 -582
63,068   56,288 6,780
18,999   18,940 59
9,932   2,565 7,367
43,916   50,000 -6,084
13,757   14,885 -1,128
4,423   4,513 -90
7,555   8,470 -915
6,623   5,678 945
2,461   2,123 338
20,565   10,275 10,290
4,697   4,786 -89
12,711   6,523 6,188
1,690   1,025 665
9,790   10,341 -551
41,231   36,433 4,798
9,486   4,855 4,631
15,682   5,406 10,276
22,007   25,000 -2,993
11,372   13,088 -1,716
2,654   2,758 -104
4,197   4,418 -221
2,789   2,813 -24
2,702   2,487 215
72,776   57,355 15,421
11,190   12,030 -840
9,543   10,107 -564
1,831   1,496 335
4,895   5,466 -571
25,294   5,867 19,427
351   407 -56
32,187   26,073 6,114
12,928   16,138 -3,210
4,738   4,876 -138
18,804   19,874 -1,070
14,086   5,652 8,434
3,140   2,500 640
3,325   3,403 -78
52,988   56,286 -3,298
4,662   4,571 91
4,771   5,497 -726
9,484   10,998 -1,514
4,895   4,994 -99
3,529   1,718 1,811
1,757   1,600 157
16,053   17,784 -1,731
4,309   4,455 -146
2,843   2,916 -73
4,701   4,911 -210
2,012   1,469 543
3,174   2,647 527
3,521   3,007 514
12,309   13,204 -895
2,798   2,757 41
4,771   4,860 -89
4,742   5,711 -969
186,275   118,712 67,563
6,078   3,407 2,671
11,418   12,697 -1,279
4,013   4,119 -106
9,111   3,523 5,588
14,652   16,589 -1,937
12,262   2,832 9,430
3,314   1,672 1,642
6,273   3,990 2,283
19,746   21,347 -1,601
19,274   19,179 95
4,663   4,622 41
19,170   20,123 -953
4,742   4,838 -96
4,806   5,230 -424
5,686   2,930 2,756
4,757   4,824 -67
4,013   4,054 -41
759   663 96
4,884   5,023 -139
14,811   2,184 12,627
3,728   2,037 1,691
33,984   33,000 984
10,194   11,030 -836
18,285   19,638 -1,353
5,532   1,434 4,098
17,974   3,912 14,062
17,176   20,015 -2,839
9,612   10,025 -413
18,980   20,530 -1,550
11,428   4,230 7,198
12,613   3,300 9,313
13,847   14,957 -1,110
3,440   1,217 2,223
4,908   5,220 -312
2,486   1,367 1,119
34,107   33,000 1,107
2,238   9,756 -7,518
4,571   4,762 -191
10,718   2,751 7,967
5,991   2,662 3,329
4,294   4,340 -46
4,806   5,248 -442
4,745   4,803 -58
4,952   2,030 2,922
1,261   535 726
4,616   4,559 57
7,396   2,500 4,896
4,908   5,373 -465
7,871   4,287 3,584
33,823   33,000 823
16,529   18,669 -2,140
9,492   10,031 -539
3,803   1,724 2,079
14,213   16,898 -2,685
25,501   8,867 16,634
4,806   4,926 -120
13,779   2,429 11,350
5,714   3,426 2,288
8,829   4,892 3,937
4,616   4,454 162
2,924   1,404 1,520
9,816   11,082 -1,266
9,414   9,557 -143
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       -2,089
b       584
c       2,050
d       -488
e       316
      -125
      5,715
      960
      7,500
      808
      18,514
      311,880
      -9,507
      5,850
      -895
      739
      940
      1
      -907
      -1,890
      -66
      3,571
      -172
      4,728
      1,097
      -1,622
      13,745
      -5,543
      219
      -145
      237
      1,115
      1
      18,364
      33,168
      -3,354
      -1,466
      6,505
      3,615
      8,040
      -99
      26,521
      -80
      596
      -77
      1,260
      853
      712
      -906
      28,685
      4,354
      -160
      2,774
      13,613
      42,699
      5,914
      6,899
      -144
      8,964
      736
      1,396
      594
      10,060
      -896
      9,991
      782
      5,524
      -3,100
      23,602
      6,759
      -3,119
      1,927
      -99
      124
      4,946
      189
      3,176
       
      -724
      9,972
      2,514
      79
      179
      19,824
      10,408
      -16,204
      55
      -1,973
      -722
      9,046
      9
      503
      7,791
      -75
      4,690
      13,108
      -582
      6,780
      59
      7,367
      -6,084
      -1,128
      -90
      -915
      945
      338
      10,290
      -89
      6,188
      665
      -551
      4,798
      4,631
      10,276
      -2,993
      -1,716
      -104
      -221
      -24
      215
      15,421
      -840
      -564
      335
      -571
      19,427
      -56
      6,114
      -3,210
      -138
      -1,070
      8,434
      640
      -78
      -3,298
      91
      -726
      -1,514
      -99
      1,811
      157
      -1,731
      -146
      -73
      -210
      543
      527
      514
      -895
      41
      -89
      -969
      67,563
      2,671
      -1,279
      -106
      5,588
      -1,937
      9,430
      1,642
      2,283
      -1,601
      95
      41
      -953
      -96
      -424
      2,756
      -67
      -41
      96
      -139
      12,627
      1,691
      984
      -836
      -1,353
      4,098
      14,062
      -2,839
      -413
      -1,550
      7,198
      9,313
      -1,110
      2,223
      -312
      1,119
      1,107
      -7,518
      -191
      7,967
      3,329
      -46
      -442
      -58
      2,922
      726
      57
      4,896
      -465
      3,584
      823
      -2,140
      -539
      2,079
      -2,685
      16,634
      -120
      11,350
      2,288
      3,937
      162
      1,520
      -1,266
      -143
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 2 951,968
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 17,780
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 15,440
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 15,440
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,440
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 2,370
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,100
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,470
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  
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 30
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow30 Refundedright arrow 11  
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 arrow
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 arrowTI-TRUST INC Telephone no.right arrow (217) 228-8060

Located atright arrow2900 N 23RD STQUINCYIL ZIP+4right arrow623059013
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
 
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
TI-TRUST INC TRUSTEE
000.00 		16,427 0 0
2900 N 23RD ST
QUINCY,IL623059013
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  
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 arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
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
4,631,844
b
Average of monthly cash balances.......................
1b
1,191,320
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,823,164
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
5,823,164
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
87,347
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,735,817
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
286,791
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
286,791
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
15,440
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,440
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
271,351
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
271,351
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
271,351
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
77,459
b
Program-related investments—total from Part VIII-B..................
1b
 
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
77,459
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 7 271,351
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 71,470
b Total for prior years:20 , 20, 20  
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 ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 77,459
a Applied to 2023, but not more than line 2a 71,470
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 5,989
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		265,362
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
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....  
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

UNIFIED SCHOOL DISTRICT NO 498

2274 6TH RD
BLUE RAPIDS,KS66411 		NONE GOV GENERAL OPERATING 71,470
Total .................................right arrow 3a 71,470
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 ....     14 178,294  
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 ............ 		    18 951,968  
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) ..   1,130,262  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,130,262
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
L E WILLSON TRUST B
EIN:
26-4168412
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 2,039 1,529   510

TY 2024 InvestmentsCorpBondsSchedule
Name:
L E WILLSON TRUST B
EIN:
26-4168412
Name of Bond End of Year Book Value End of Year Fair Market Value
ALLY FINANCIAL INC 60,000 58,821
AMAZON.COM INC    
ANTHEM INC    
ANHEUSER-BUSCH 53,285 53,841
AT&T INC    
BAKER HUGHES 28,721 29,383
BANK OF AMERICA CORP    
BARCLAYS BANK 50,000 50,485
BARRICK GOLD CORPORATION 46,920 47,265
BECTON DICKINSON AND    
BOEING CO    
BLACKROCK INC 24,503 24,486
BP CAP MARKETS AMERICA    
BRISTOL MYER SQUIBB 30,712 31,186
CAPITAL ONE FINANCIAL    
CHARLES SCHWAB CORP    
CHEVRON CORP    
CIGNA CORP    
CITIGROUP INC    
COCA COLA ENTERPRISES 31,007 31,201
COMCAST CORP 65,296 65,161
CSX CORP 52,677 53,528
CVS HEALTH CORP 19,534 18,124
CUMMINS INC 45,614 45,872
DEUTSCHE BK AG 60,000 57,165
DIGITAL REALTY TRUST    
DOLLAR GENERAL CORP 19,783 19,644
DUKE ENERGY CAROLINA LLC 14,701 14,545
EQUINIX INC    
EQUINIX INC    
GILEAD SCIENCES INC 49,270 50,028
GLAXOSMITHKLINE CAP    
GOLDMAN SACHS GROUP 30,000 30,107
HALLIBURTON CO 66,714 65,487
HOME DEPOT INC    
IBM CORPORATION 46,599 47,415
INTEL CORP    
JEFFERIES GROUP 30,000 30,084
JPMORGAN CHASE & CO 50,000 50,380
KINDER MORGAN INC 9,916 9,851
LOWE'S COS INC    
MARRIOTT INTERNATIONAL    
MCKESSON CORP 43,990 44,762
MORGAN STANLEY 40,000 38,470
O'REILLY AUTOMOTIVE 19,442 19,353
OMNICOM GROUP INC    
PFIZER INVESTMENT 46,813 47,004
PHILLIPS 66 50,091 49,758
PNC FINANCIAL SERVICE    
PPG INDUSTRIES INC    
ROYAL BANK OF CANADA 60,000 60,330
SIMON PROPERTY GROUP    
STATE STREET CORP    
SUNTRUST BANKS INC    
THERMO FISHER SCIENTIFIC    
TORONTO-DOMINION BANK 60,000 59,050
TOSCO CORP 7.8% 1/1/27 31,623 31,663
TYCO ELECTRONICS GROUP SA 68,852 68,379
US TREASURY NOTE    
US TREASURY NOTE    
VERIZON COMMUNICATIONS    
VIRGINIA ELEC & PWR CO 14,879 14,593
WALT DISNEY COMPANY 42,990 43,203
WASTE MANAGEMENT 26,200 27,111
WESTPAC BANKING CORP    
WELLS FARGO CORP 35,000 33,555

TY 2024 InvestmentsCorpStockSchedule
Name:
L E WILLSON TRUST B
EIN:
26-4168412
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC 13,707 22,568
ACCENTURE PLC    
ADOBE INC 13,948 12,896
ADVANCED MICRO DEVICES INC    
AGCO CORP COM 14,598 9,255
ALIGN TECHNOLOGY INC 6,821 6,464
ALPHABET INC CL C 29,877 192,154
AMAZON COM INC COM 6,808 92,144
APPLE INC 18,010 248,166
ARISTA NETWORKS INC    
BLACKROCK INC 7,934 24,603
BLACKSTONE INC 13,988 37,760
BOEING CO 20,892 20,178
BOOKING HOLDINGS INC 17,214 54,653
BOSTON SCIENTIFIC CO    
BROADCOM INC    
CADENCE DESIGN SYSTEMS INC    
CANADIAN PAC RY LTD    
CELANESE CORP 11,708 12,181
CENTENE CORP DEL 7,479 11,268
CHEWY INC    
CHIPOTLE MEXICAN GRILL    
CISCO SYSTEMS INC 9,346 22,141
CITIGROUP INC 22,247 29,775
COGNIZANT TECH SOLUT 10,305 13,996
CONSTELLATION BRANDS 7,917 12,376
CORPAY INC 13,925 18,952
COSTCO WHOLESALE CORP    
DANAHER CORP 5,435 15,609
DEXCOM INC    
DIAGEO PLC - ADR 10,814 11,823
EATON CORP PLC    
ECOLAB INC 6,295 12,185
ELECTRONIC ARTS INC 11,862 18,726
ELI LILLY & CO COM    
ESTEE LAUDER COMPANIES 4,936 4,424
FLEETCOR TECHNOLOGIE    
FORTUNE BRANDS HOME    
GARMIN LTD 14,650 30,939
GXO LOGISTICS INC 7,198 6,569
HOME DEPOT INC    
INTERCONTINENTAL EXC 4,444 18,477
INTUITIVE SURGICAL    
JPMORGAN CHASE & CO    
LAM RESEARCH CORP CO    
LULULEMON ATHLETICA    
MANULIFE FINANCIAL C 14,712 33,628
MCDONALDS CORP 19,677 19,712
MERCK & CO INC NEW    
META PLATFORMS INC    
MICROSOFT CORP 26,699 229,296
MONDELEZ INTERNATIONAL 11,156 15,530
MORGAN STANLEY 7,246 18,481
NETFLIX INC    
NIKE INC CL B 5,632 8,399
NVIDIA CORP 16,597 136,976
OKTA INC 19,627 8,983
PALO ALTO NETWORKS INC 2,740 20,743
RAYTHEON TECHNOLOGIES 16,797 26,037
POOL CORPORATION    
REGIONS FINL CORP NE 15,695 18,510
RTX CORP    
S&P GLOBAL INC 3,426 18,925
SALESFORCE INC 5,142 31,761
SERVICENOW INC 10,155 30,744
STARBUCKS CORP COM 17,318 15,786
SUNCOR ENERGY INC NE 22,418 29,436
TARGET CORP    
TE CONNECTIVITY LTD 10,035 17,299
THERMO FISHER SCIENT 4,148 16,647
TORONTO DOMINION BK 16,952 16,078
TOTALENERGIES SE 25,247 26,269
TRACTOR SUPPLY CO CO    
TRADE DESK INC    
TRANSDIGM GROUP INC    
TRIMBLE INC 8,670 12,224
TWILIO INC 18,709 10,376
ULTA BEAUTY INC    
UNILEVER PLC-ADR 10,848 11,227
UNION PACIFIC CORP    
UNITED PARCEL SERVICE 11,720 14,880
UNITEDHEALTH GROUP INC 3,373 32,881
VERTEX PHARMACEUTICAL    
VISA INC - CLASS A 23,642 65,736
WASTE MANAGEMENT INC    
XPO LOGISTICS INC    

TY 2024 InvestmentsOtherSchedule2
Name:
L E WILLSON TRUST B
EIN:
26-4168412
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BRAZORIA COUNTY, TX AT COST 1 1
GRENADA COUNTY, MS AT COST 1 1
GRENADA COUNTY, MS AT COST 1 1
INV OPP DEVELP MRKT AT COST    
INVESCO OPTIMUM YIELD AT COST    
ISHARES CORE MSCI EM AT COST    
ISHARES CORE S&P SMA AT COST    
ISHARES IBOXX INVE AT COST    
NEUBERGER BERMAN LONG SHORT FUND AT COST    
OAKMARK INTERNATIONAL AT COST    
PIMCO EMERG MKTS BD AT COST    
PIMCO HIGH YIELD FD AT COST    
PRINCIPAL MIDCAP FUN AT COST    
PRINCIPAL REAL EST S AT COST    
SPDR GOLD SHARES ETF AT COST    
TCW EMRG MRKTS INC AT COST    
TWEEDY BROWNE INTL V AT COST    
VANGUARD MIDCAP VIPER AT COST    
VANGUARD INTL EQUITY INDEX FD ALLWRL AT COST 179,703 172,804
MFC VANGUARD MID-CAP ETF AT COST 173,465 202,059
ISHARES TR SP SMALL CAP 600 INDEX FD AT COST 98,434 203,133
VANGUARD FENWAY FDS EQTY INCM ADM AT COST 234,000 227,985

TY 2024 LegalFeesSchedule
Name:
L E WILLSON TRUST B
EIN:
26-4168412
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT LEGAL FEES 3,021 2,266   755


TY 2024 OtherDecreasesSchedule
Name:
L E WILLSON TRUST B
EIN:
26-4168412
Description Amount
MUTUAL FUND TIMING DIFFERENCE 3,561


TY 2024 OtherExpensesSchedule
Name:
L E WILLSON TRUST B
EIN:
26-4168412
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
ADR FEES 22 22    
INVESTMENT FEES 20 20    


TY 2024 TaxesSchedule
Name:
L E WILLSON TRUST B
EIN:
26-4168412
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX ON INVESTMENT INCOME 1,489 1,489    
EXCISE TAX 2,532