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 07-01-2024 , and ending 06-30-2025
Name of foundation
MAX AND HELEN GUERNSEY
CHARITABLE FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)3826 CEDAR HEIGHTS DRIVE STE 1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CEDAR FALLS, IA50613
A Employer identification number

42-1460664
B Telephone number (see instructions)

(319) 226-3434
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$49,906,388J 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 776,531 776,397  
4 Dividends and interest from securities... 604,229 604,229  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,998,479
b Gross sales price for all assets on line 6a 15,490,193
7 Capital gain net income (from Part IV, line 2)... 1,998,479
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)....... Click to see attachment
List of Attached Documents:
// Content
5,951 0  
12 Total. Add lines 1 through 11........ 3,385,190 3,379,105  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,000 5,000   45,000
14 Other employee salaries and wages...... 63,041 0   63,041
15 Pension plans, employee benefits....... 2,793 0   2,793
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
17,414 6,967   6,240
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
10,000 0   10,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
57,247 6,932   4,823
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
5,901 0  
20 Occupancy.............. 14,583 0   14,583
21 Travel, conferences, and meetings....... 301 0   301
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
132,411 103,846   28,545
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 353,691 122,745   175,326
25 Contributions, gifts, grants paid....... 2,186,400 2,186,400
26 Total expenses and disbursements. Add lines 24 and 25 2,540,091 122,745   2,361,726
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 845,099
b Net investment income (if negative, enter -0-) 3,256,360
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.............      
2 Savings and temporary cash investments......... 2,333,755 2,230,618 2,230,618
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..........   7,003 7,003
10a Investments—U.S. and state government obligations (attach schedule) 10,976,176 Click to see attachment
List of Attached Documents:
// Content
13,092,952 		13,092,952
b Investments—corporate stock (attach schedule)....... 32,247,184 Click to see attachment
List of Attached Documents:
// Content
31,965,070 		31,965,070
c Investments—corporate bonds (attach schedule)....... 2,451,911 Click to see attachment
List of Attached Documents:
// Content
2,483,783 		2,483,783
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)..........      
14 Land, buildings, and equipment: basis right arrow62,708
Less: accumulated depreciation (attach schedule) right arrow58,907 9,702 Click to see attachment
List of Attached Documents:
// Content
3,801 		3,801
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
144,864 		Click to see attachment
List of Attached Documents:
// Content
123,161 		Click to see attachment
List of Attached Documents:
// Content
123,161
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 48,163,592 49,906,388 49,906,388
Liabilities 17 Accounts payable and accrued expenses.......... 10,713 13,418
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) Click to see attachment
List of Attached Documents:
// Content
9,380 		Click to see attachment
List of Attached Documents:
// Content
24,654
23 Total liabilities (add lines 17 through 22)......... 20,093 38,072
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 48,143,499 49,868,316
29 Total net assets or fund balances (see instructions)..... 48,143,499 49,868,316
30 Total liabilities and net assets/fund balances (see instructions). 48,163,592 49,906,388
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
48,143,499
2
Enter amount from Part I, line 27a .....................
2
845,099
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
886,198
4
Add lines 1, 2, and 3 ..........................
4
49,874,796
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
6,480
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
49,868,316
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c ALLERGAN GENERIC DRUG PRICING SECURITY LITIGATION SETTLEMENT P    
d WELLS FARGO SECURITY LITIGATION SETTLEMENT P    
e CITIBANK ADR CLASS ACTION SETTLEMENT P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,169,345   4,701,021 1,468,324
b 9,137,347   8,790,693 346,654
c 149     149
d 16     16
e 4     4
183,332     183,332
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,468,324
b       346,654
c       149
d       16
e       4
      183,332
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 1,998,479
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 45,263
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 45,263
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 45,263
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 21,320
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 21,320
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 4
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 arrow   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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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 arrowIA
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 arrowWWW.GUERNSEYFOUNDATION.COM
14
The books are in care ofright arrowCREATIVE PLANNING TAX LLC Telephone no.right arrow (319) 234-6885

Located atright arrow100 E PARK AVENUE STE 300WATERLOOIA ZIP+4right arrow50703
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
THOMAS R PAULSEN FINANCE COMMITTEE CHAIR
1.00 		10,000 0 0
3826 CEDAR HEIGHTS DRIVE STE 1
CEDAR FALLS,IA50613
GARY NELSON TRUSTEE CHAIR
1.00 		10,000 0 0
3826 CEDAR HEIGHTS DRIVE STE 1
CEDAR FALLS,IA50613
HAROLD B STREVER JR ADMIN COMMITTEE CHAIR
1.00 		10,000 0 0
3826 CEDAR HEIGHTS DRIVE STE 1
CEDAR FALLS,IA50613
LOIS M JOHNSON SECRETARY
1.00 		10,000 0 0
3826 CEDAR HEIGHTS DRIVE STE 1
CEDAR FALLS,IA50613
SOO GREIMAN TRUSTEE
1.00 		10,000 0 0
3826 CEDAR HEIGHTS DRIVE STE 1
CEDAR FALLS,IA50613
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
SHANNON R HICKMAN EXECUTIVE DIRECTOR
40.00 		55,349 0 0
604 JUANITA AVE
CEDAR FALLS,IA50613
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 N/A 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
46,668,937
b
Average of monthly cash balances.......................
1b
2,351,662
c
Fair market value of all other assets (see instructions)................
1c
265,359
d
Total (add lines 1a, b, and c).........................
1d
49,285,958
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
49,285,958
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
739,289
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
48,546,669
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,427,333
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
2,427,333
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
45,263
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
229
c
Add lines 2a and 2b............................
2c
45,492
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,381,841
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,381,841
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
2,381,841
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
2,361,726
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,361,726
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 2,381,841
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...... 28,759
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 493,850
f Total of lines 3a through e ........ 522,609
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,361,726
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..... 2,361,726
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 20,115 20,115
(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 5 502,494
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) ... 		8,644
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		493,850
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 493,850
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 e-mail address of the person to whom applications should be addressed:
MAX HELEN GUERNSEY CHARITABLE FOUND
3826 CEDAR HEIGHTS DRIVE STE 1
CEDAR FALLS,IA50613
(319) 226-3434
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD BE SUBMITTED IN WRITING IDENTIFYING THE PURPOSE AND AMOUNT REQUESTED. THE APPLICATION SHOULD BE ACCOMPANIED BY FINANCIAL STATEMENTS AND PROOF OF 501(C)(3) ORGANIZATION STATUS OR VERIFICATION THAT THE ORGANIZATION WILL USE THE FUNDS EXCLUSIVELY FOR PUBLIC PURPOSES OR AS OTHERWISE DESCRIBED IN IRC SECTION 170(C)(1).
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ALL AWARDS MUST BE TO CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL ORGANIZATIONS WITHIN THE MEANING OF IRC SECTION 501(C)(3) OR EXCLUSIVELY FOR PUBLIC PURPOSES OR AS OTHERWISE DESCRIBED IN IRC SECTION 170(C)(1).
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

1ST KIDS PRESCHOOL & CHILDCARE

718 CLAY ST
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 10,000

319 EMPOWERMENT

913 W 4TH ST
WATERLOO,IA50702 		N/A OTHER PUBLIC CHARITY TEEN PROGRAMS 7,500

A CUP OF WATER MINISTRIES

1928 3RD AVE NW
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY COMMUNITY MEAL PROGRAM 12,500

ALL IN MENTORING

PO BOX 260
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY MENTORING PROGRAM 25,000

ALLEN COLLEGE

1825 LOGAN AVE
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT - ACE-SAP FREE CLINIC 5,000

AMERICANS FOR INDEPENDENT LIVING

4020 UNIVERSITY AVE
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 25,000

BACK 2 BASICS

1001 NEWELL ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY YOUTH EMPOWERMENT PROGRAM 25,000

BEL CANTO CEDAR VALLEY

PO BOX 914
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT - 24/25 SEASON 8,000

BLACK HAWK SHERIFF'S DEPARTMENT

226 E 6TH ST
WATERLOO,IA50703 		N/A EXCLUSIVELY FOR PUBL K9 PROGRAM 1,800

BLACK HAWK COUNTY 4H & FFA FAIR FOUNDATION

3420 UNIVERSITY AVE STE B
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY FAIR INTERN & OPERATING SUPPORT 15,000

BOYS & GIRLS CLUB OF THE CEDAR VALLEY

515 LIME ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 30,000

BREMER COUNTY FAIR ASSOCIATION

2771 150TH ST
SUMNER,IA50674 		N/A OTHER PUBLIC CHARITY CAPITAL - 4H/FFA YOUTH ENRICHMENT CENTER 30,000

BREMER COUNTY HISTORICAL SOCIETY

402 WEST BREMER AVE
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY CAPITAL - ROOF REPAIR 7,500

BUTLER COUNTY SHOOTING SPORTS

25655 180TH ST
CLARKSVILLE,IA50619 		N/A OTHER PUBLIC CHARITY CAPITAL FOR TRAP HOUSE EQUIPMENT 6,000

C V GEARHEAD MINISTRIES INC

125 FABER RD
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 10,000

CEDAR BEND HUMANE SOCIETY

1166 W AIRLINE HWY
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 30,000

CEDAR FALLS COMMUNITY FOUNDATION

515 MAIN ST
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 15,000

CEDAR FALLS COMMUNITY FOUNDATION

515 MAIN ST
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY DOLLY PARTON'S IMAGINATION LIBRARY PROGRAM 15,000

CEDAR FALLS COMMUNITY THEATRE

103 MAIN ST
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY TRUSTEE OPTION - CAPITAL IMPROVEMENTS 25,000

CEDAR FALLS COMMUNITY THEATRE

103 MAIN ST
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 25,000

CEDAR FALLS HOUSING TRUST

229 E PARK AVE
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 15,000

CEDAR VALLEY ARBORETUM & BOTANIC GARDENS

1927 E ORANGE RD
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 20,000

CEDAR VALLEY BICYCLE COLLECTIVE

219 W 4TH ST
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 6,500

CEDAR VALLEY CRIMESTOPPERS

715 MULBERRY ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 7,500

CEDAR VALLEY FRIENDS OF THE FAMILY

1009 PEOPLES SQUARE
WATERLOO,IA50702 		N/A OTHER PUBLIC CHARITY HOUSING STABILITY PROGRAM 30,000

CEDAR VALLEY HOSPICE INC

900 TOWER PARK
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 30,000

CEDAR VALLEY PRESCHOOL & CHILDCARE CENTER

724 LANTZ AVE
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY TRUSTEE OPTION - OPERATING SUPPORT 5,000

CEDAR VALLEY PRESCHOOL & CHILDCARE CENTER

724 LANTZ AVE
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY BUILDING BRIGHT FUTURES PROGRAM 35,000

CEDAR VALLEY UNITED WAY

425 CEDAR ST STE 300
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY BOOKS FOR BABIES PROGRAM 5,000

CEDAR VALLEY UNITED WAY

425 CEDAR ST STE 300
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 3,500

CHILDREN'S CANCER CONNECTION

5701 GREENDALE RD
DES MOINES,IA50131 		N/A OTHER PUBLIC CHARITY CAMP HEART CONNECTION PROJECT 6,000

CHRISTIAN COMMUNITY DEV DBA HOUSE OF HOPE

845 W 4TH ST
WATERLOO,IA50702 		N/A OTHER PUBLIC CHARITY OPERATING EXPENSES 30,000

CITY OF HUDSON

525 JEFFERSON ST
HUDSON,IA50643 		N/A EXCLUSIVELY FOR PUBL POLICE K9 PROGRAM 2,500

CITY OF INDEPENDENCE

1100 1ST ST E
INDEPENDENCE,IA50644 		N/A EXCLUSIVELY FOR PUBL POLICE K9 PROGRAM 2,500

CITY OF JANESVILLE

227 MAIN ST
JANESVILLE,IA50647 		N/A EXCLUSIVELY FOR PUBL POLICE K9 PROGRAM 2,500

CITY OF TAMA

305 SIEGEL ST
TAMA,IA52339 		N/A EXCLUSIVELY FOR PUBL CAPITAL FOR SAFE ROUTES TO SCHOOL NETWORK 35,000

CITY OF TRAER

649 2ND ST
TRAER,IA50675 		N/A EXCLUSIVELY FOR PUBL CAPITAL FOR TAYLOR PARK SHELTER 10,000

CITY OF WATERLOO

715 MULBERRY ST
WATERLOO,IA50703 		N/A EXCLUSIVELY FOR PUBL POLICE K9 PROGRAM 10,000

CITY OF WATERLOO

715 MULBERRY ST
WATERLOO,IA50703 		N/A EXCLUSIVELY FOR PUBL CAPITAL - GATES/BYRNES PARK CONSTRUCTION 30,000

CITY OF WATERLOO

415 COMMERCIAL ST
WATERLOO,IA50701 		N/A EXCLUSIVELY FOR PUBL W'LOO PUBLIC LIBRARY - YOUTH READS PROGRAM 15,000

CITY OF WAUCOMA

PO BOX 15
WAUCOMA,IA52171 		N/A EXCLUSIVELY FOR PUBL CAPITAL - NEW FIRE STATION 30,000

CITY OF WELLSBURG

515 N ADAMS ST
WELLSBURG,IA50680 		N/A EXCLUSIVELY FOR PUBL CAPITAL - PLAYGROUND EQUIPMENT 30,000

CIVIL AIR PATROL

2790 LIVINGSTONE LN C/O WLOO
AIRPORT
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT - BH COUNTY COMPOSITE SQUADRON 2,000

CLARKSVILLE FOOD PANTRY INC

402 N MAIN ST
CLARKSVILLE,IA50619 		N/A OTHER PUBLIC CHARITY CAPITAL FOR EQUIPMENT & BUILDING RENOVATION 16,500

COLLEGE HILL PARTNERSHIP

2304 COLLEGE ST
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY SEERLEY PARK IMPROVEMENTS 15,000

COMMUNITIES IN SCHOOLS OF MID-AMERICA

1919 DELAWARE ST
LAWRENCE,KS66046 		N/A OTHER PUBLIC CHARITY SPARKING SUCCESS PROGRAM 15,000

DUNKERTON COMMUNITY ASSOCIATION

PO BOX 201
DUNKERTON,IA50626 		N/A OTHER PUBLIC CHARITY CAPITAL - COMMUNITY HALL RENOVATION 10,000

DUNKERTON HISTORICAL SOCIETY

203 E TOWER ST
DUNKERTON,IA50626 		N/A OTHER PUBLIC CHARITY CAPITAL - MUSEUM CONSTRUCTION 30,000

DYSART PICKLEBALL ORGANIZATION

6342 11TH AVE
DYSART,IA52224 		N/A OTHER PUBLIC CHARITY CAPITAL - CONSTRUCTION OF PICKLEBALL COURTS 20,000

FAMILY CRISIS CENTERS INC

PO BOX 295
SIOUX CENTER,IA51250 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT - VICTIM SERVICE CALL CENTER 20,000

FRIENDS OF GILBERTVILLE DEPOT

930 2ND AVE
EVANSDALE,IA50707 		N/A OTHER PUBLIC CHARITY CAPITAL FOR WATER WELL & FLOOR IMPROVEMENTS 5,000

FRIENDS OF NATIONAL CATTLE CONGRESS

257 ANSBOROUGH AVE
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY PROGRAM DISCOVERY 30,000

GIRL SCOUTS OF EASTERN IA & WESTERN ILLINOIS

510 MULBERRY ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY LEADERSHIP & LIFE SKILLS PROGRAM 17,500

GRAY WARRIORS

1514 ALGONQUIN DR
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 1,000

GRIN & GROW LTD

608 W 4TH ST
WATERLOO,IA50702 		N/A OTHER PUBLIC CHARITY PROGRAM EXPENSES - GAP FUNDING FOR LOW INCOME FAMILIES 30,000

GROUT MUSEUM INC

503 SOUTH ST
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY EDUCATIONAL PROGRAMMING 30,000

GROUT MUSEUM INC

503 SOUTH ST
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY TRUSTEE OPTION - OPERATING SUPPORT 15,000

HANSEN ELEMENTARY PTA

616 HOLMES DR
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY CAPITAL FOR PLAYGROUND EXPANSION 20,000

HAWKEYE COMMUNITY COLLEGE FOUNDATION

1501 E ORANGE RD PO BOX 8015
WATERLOO,IA50704 		N/A OTHER PUBLIC CHARITY SHIRLEY KREGER MEMORIAL SCHOLARSHIP FUND 10,000

HAWKEYE COMMUNITY COLLEGE FOUNDATION

1501 E ORANGE RD PO BOX 8015
WATERLOO,IA50704 		N/A OTHER PUBLIC CHARITY HAWKEYE CELEBRATES THE ARTS! PROGRAM 30,000

HAWKEYE COMMUNITY COLLEGE FOUNDATION

1501 E ORANGE RD PO BOX 8015
WATERLOO,IA50704 		N/A OTHER PUBLIC CHARITY STEM PROGRAMMING 5,000

HEARST CENTER FOR THE ARTS

304 W SEERLEY BLVD
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY MAKE MUSIC DAY PROGRAMMING 4,000

INCLUSION CONNECTION INC

3510 KIMBALL AVE STE A
WATERLOO,IA50702 		N/A OTHER PUBLIC CHARITY PROGRAMMING 15,000

INRCOG

229 E PARK AVE
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY WATERLOO HOUSING TRUST FUND PROJECT 30,000

IOWA CHAMBER MUSIC COLLECTIVE

3004 W 4TH ST 44
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 5,000

IOWA GARDENING FOR GOOD

2191 340TH ST
MADRID,IA50156 		N/A OTHER PUBLIC CHARITY CAPITAL FOR REFRIGERATED FOOD TRUCK 7,000

IOWA HEARTLAND HABITIAT FOR HUMANITY

803 W 5TH ST
WATERLOO,IA50702 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 30,000

IOWA JOBS FOR AMERICAN GRADUATES

1111 9TH ST STE 268
DES MOINES,IA50314 		N/A OTHER PUBLIC CHARITY EQUIPPING FUTURE READY STUDENTS PROGRAM 10,000

IOWA LEGAL AID

607 SYCAMORE ST STE 304
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY LEGAL SVCS FOR FAMILIES WITH CHILDREN PROGRAM 25,000

IRA STURDEVANT HOUSE INC

PO BOX 171
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY CAPITAL FOR HISTORIC RESTORATION 10,000

JESSE COSBY NEIGHBORHOOD CENTER

1112 MOBILE ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 30,000

JESUP ELEMENTARY PTO

531 PROSPECT ST PO BOX 287
JESUP,IA50648 		N/A OTHER PUBLIC CHARITY CAPITAL FOR ELEMENTARY SCHOOL PLAYGROUND 30,000

JOB FOUNDATION

4600 UNIVERSITY AVE STE 1
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY PROGRAMMING 15,000

JUNIOR ACHIEVEMENT OF EASTERN IOWA

425 CEDAR ST STE 320
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY YOUTH EDUCATIONAL PROGRAMMING 17,500

LEADER VALLEY FOUNDATION

360 WESTFIELD AVE STE 200
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 12,000

LITTLE IRON MOM

2209 PARRISH ST
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 25,000

LITTLE KNIGHTS LEARNING CENTER

1102 CLARK ST
DYSART,IA52224 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 5,000

LUTHERAN SERVICES IN IOWA

3125 COTTAGE GROVE AVE
DES MOINES,IA50311 		N/A OTHER PUBLIC CHARITY REFUGEE SETTLEMENT PROGRAM 5,000

LUTHERAN SERVICES IN IOWA

3125 COTTAGE GROVE AVE
DES MOINES,IA50311 		N/A OTHER PUBLIC CHARITY EARLY CHILDHOOD PROGRAMMING 25,000

MARCHING AGAINST THE DARKNESS

PO BOX 4218
WATERLOO,IA50704 		N/A OTHER PUBLIC CHARITY PROGRAMMING - 2025 EXPO & COMPETITION 30,000

MERCY ONE FOUNDATION

515 COLLEGE ST
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY RED SLEIGH PROJECT 1,600

METROPOLITAN CHORALE INC

PO BPX 1616
WATERLOO,IA50704 		N/A OTHER PUBLIC CHARITY PROGRAM SUPPORT - 24/25 CONCERT SERIES 6,000

MUSCULAR DYSTROPHY ASSOCIATION

1016 JACKSON BLVD 1073
MONTICELLO,IA52310 		N/A OTHER PUBLIC CHARITY MDA SUMMER CAMP PROGRAM 15,000

NAT'L ASS'N FOR MENTALLY ILL

1825 LOGAN AVE
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT - SVCS FOR THOSE AFFECTED BY MENTAL ILLNESS 6,500

NORTH STAR COMMUNITY SERVICES

3420 UNIVERSITY AVE STE C
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY ADULT DAY CARE PROGRAMMING 25,000

NORTHEAST IOWA FOOD BANK

1605 LAFAYETTE ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 30,000

OPERATION THRESHOLD

PO BOX 1535
WATERLOO,IA50704 		N/A OTHER PUBLIC CHARITY PARENTS AS TEACHERS PROGRAM 20,000

PGC OUTREACH DBA CV THRIFT & OUTREACH

1109 EAST 4TH ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 25,000

RETRIEVING FREEDOM INC

1152 230TH ST
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY VOLUNTEER ENGAGEMENT PROGRAM 5,000

RISE LTD

106 RAINBOW DR
ELKADER,IA52043 		N/A OTHER PUBLIC CHARITY CAPITAL FOR OELWEIN DAY HABILITATION 25,000

RIVERVIEW CENTER INC

1789 ELM ST STE C
DUBUQUE,IA52001 		N/A OTHER PUBLIC CHARITY CRISIS INTERVENTION PROGRAM 30,000

RIYO REFUGEE & IMMIGRANT & YOUTH ORGANIZATION

131 TOWER PARK DR STE 300
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY REFUGEE & IMMIGRANT YOUTH PROGRAMMING 30,000

RONALD MCDONALD HOUSE CHARITIES

730 HAWKINS DR
IOWA CITY,IA52246 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 30,000

SALVATION ARMY

89 FRANKLIN ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 30,000

SILOS & SMOKESTACKS

305 W PARK AVE
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY TRUSTEE OPTION - OPERATING SUPPORT 15,000

SIMULATION IN MOTION IOWA

50 NEWTON RD
IOWA CITY,IA52242 		N/A OTHER PUBLIC CHARITY PROGRAMMING SUPPORT 30,000

ST LUCAS FIREFIGHTERS ASSOCIATION INC

30201 QUAIL RD PO BOX 127
ST LUCAS,IA52166 		N/A OTHER PUBLIC CHARITY CAPITAL FOR NEW EQUIPMENT 30,000

ST VINCENT DE PAUL

320 BROADWAY ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 5,000

SUCCESSLINK INC

3136 BROCKWAY RD
WATERLOO,IA50702 		N/A OTHER PUBLIC CHARITY TOGETHER 4 YOUTH PROGRAMMING 35,000

SUMNER DAYCARE & LEARNING CENTER

508 RAILROAD ST
SUMNER,IA50674 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 5,000

SUNRISE CHILDREN'S ZOO INC

250 ANSBOROUGH AVE
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 1,000

THE CENTER OF ATTENTION

321 IRVING ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY WOMEN'S TRANSITIONAL RECOVERY HOUSING PROGRAM 25,000

THE LARRABEE CENTER INC

117 11TH ST NW
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY EMPLOYMENT SUPPORT SERVICES PROGRAM 25,000

THE SET ME FREE PROJECT

3606 N 156TH ST 128
OMAHA,NE68116 		N/A OTHER PUBLIC CHARITY NE IA HUMAN TRAFFICKING PROGRAM 5,000

TRANSFORMATIONS BY CEDAR VALLEY ANGELS

PO BOX 1841
WATERLOO,IA50704 		N/A OTHER PUBLIC CHARITY DARE TO DREAM & LOVE BOX PROGRAMS 35,000

TRY PIE

522 MULBERRY ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 25,000

TWO BY TWO CHARACTER DEVELOPMENT

5250 KENNEDY CIRCLE 5
DUBUQUE,IA52002 		N/A OTHER PUBLIC CHARITY KIND HEARTED KIDS PROGRAM 2,500

UNI FOUNDATION

204 COMMONS
CEDAR FALLS,IA50614 		N/A OTHER PUBLIC CHARITY TIMELESS JOURNEYS PROJECT 1,000

UNI FOUNDATION

204 COMMONS
CEDAR FALLS,IA50613 		N/A OTHER PUBLIC CHARITY KALEIDOSCOPE, THEATRE 4 VERY YOUNG, TALENT SEARCH SERIES PGMS 33,000

VISION TO LEARN

12100 WILSHIRE BLVD STE 1275
LOS ANGELES,CA90025 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT - VISION CARE FOR BH COUNTY STUDENTS 30,000

VOLUNTEER CENTER OF THE CEDAR VALLEY

360 WESTFIELD AVE STE 201
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 10,000

WARTBURG COMMUNITY SYMPHONY

PO BOX 3
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY PROGRAMMING SUPPORT 5,000

WATERLOO COMMUNITY FOUNDATION

111 E 4TH ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY KOATS 4 KIDS PROGRAM 30,000

WATERLOO COMMUNITY FOUNDATION

111 E 4TH ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY I BELIEVE LEADERSHIP & SPORTS ACADEMY PROGRAM 20,000

WATERLOO COMMUNITY PLAYHOUSE

224 COMMERCIAL ST
WATERLOO,IA50701 		N/A OTHER PUBLIC CHARITY 2025 SEASON OF SEARCHING PROGRAM 30,000

WATERLOO COMMUNITY SCHOOLS FOUNDATION

PO BOX 1896
WATERLOO,CA50704 		N/A OTHER PUBLIC CHARITY CAMP INVENTION PROGRAM 18,000

WATERLOOCEDAR FALLS SYMPHONY

8201 DAKOTA ST 17
CEDAR FALLS,IA50614 		N/A OTHER PUBLIC CHARITY YOUTH CONCERT PROGRAMS 16,000

WAVERLY CHAMBER MUSIC SERIES

315 5RD AVE SE
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY OPERATING EXPENSES 6,500

WAVERLY CHILDCARE & PRESCHOOL

PO BOX 34
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY CAPITAL FOR PLAYGROUND EQUIPMENT 20,000

WAVERLY SHELL ROCK UNITED WAY

109 4TH ST SW
WAVERLY,IA50677 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT 3,500

WAYPOINT SERVICES

318 5TH ST SE
CEDAR RAPIDS,IA52401 		N/A OTHER PUBLIC CHARITY DOMESTIC VIOLENCE VICTIM SERVICES PROGRAM 30,000

WINNEBAGO COUNCIL OF BOY SCOUTS

2929 AIRPORT BLVD
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY SCOUTING 4 SUCCESS PROGRAM 10,000

YOUTH ART TEAM

325 E PARK AVE STE 101
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY OPERATING SUPPORT & STAFF DEVELOPMENT 30,000

YWCA OF BLACK HAWK COUNTY

425 LAFAYETTE ST
WATERLOO,IA50703 		N/A OTHER PUBLIC CHARITY YOUTH & FAMILY SERVICES PROGRAMMING 30,000

BUCHANAN CO ANIMAL SHELTER DBA OTTER CREEK AS

400 N 1ST ST
CLARKSVILLE,IA50641 		N/A OTHER PUBLIC CHARITY SAFE HAVEN FOR ALL PROGRAM 4,000
Total .................................right arrow 3a 2,186,400
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		522100 134 14 776,397  
4 Dividends and interest from securities ....     14 604,229  
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 ..... 522100 5,951      
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,998,479  
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) .. 6,085 3,379,105 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,385,190
(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:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL AND ACCOUNTING FEES 17,414 6,967   6,240

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
DESK/WORKSTATION 2000-09-01 310 310 200DB 7.000000000000 0 0    
DESK CHAIR 2000-09-01 139 139 200DB 7.000000000000 0 0    
OFFICE FURNITURE 2000-09-01 379 379 200DB 7.000000000000 0 0    
REFRIGERATOR 2008-07-16 268 268 200DB 7.000000000000 0 0    
CREDENZA, CONFERENCE TABLE 2008-07-30 882 882 200DB 7.000000000000 0 0    
OFFICE FURNITURE 2008-08-26 6,925 6,925 200DB 7.000000000000 0 0    
8 CHAIRS 2008-10-29 2,350 2,350 200DB 7.000000000000 0 0    
OFFICE CONCEPTS - SIGNAGE 2008-11-05 1,394 1,394 200DB 7.000000000000 0 0    
PHONE SYSTEM 2008-12-18 2,289 2,289 200DB 5.000000000000 0 0    
COMPUTER NETWORK 2009-03-03 2,411 2,411 200DB 5.000000000000 0 0    
COPY & FAX MACHINE 2010-03-04 1,605 1,605 200DB 5.000000000000 0 0    
DELL COMPUTER 2011-02-07 979 979 200DB 5.000000000000 0 0    
DELL OPTIPLEX 3046 2016-12-30 984 984 200DB 5.000000000000 0 0    
DELL OPTIPLEX 3046 2016-12-30 984 984 200DB 5.000000000000 0 0    
DELL 22" LED LCD MONITOR 2016-12-30 209 209 200DB 5.000000000000 0 0    
COPIER 2018-02-27 2,087 2,087 200DB 5.000000000000 0 0    
SAGE SOFTWARE COLLECTION 2019-07-24 2,371 2,371 SL 3.000000000000 0 0    
DELL LATITUDE 15" 5000 2020-04-17 2,217 2,005 200DB 5.000000000000 212 0    
RUCKUS R310 ACCESS POINT 2020-06-29 948 857 200DB 5.000000000000 91 0    
FOUNDANT TECH - GRANT PROCESSING SOFTWARE 2020-10-12 12,519 12,519 SL 3.000000000000 0 0    
SAGE SOFTWARE 2021-07-23 2,724 2,724 SL 3.000000000000 0 0    
FOUNDANT TECH - GRANT PROCESSING SOFTWARE 2022-08-22 10,914 6,670 SL 3.000000000000 3,638 0    
BUILDING SIGN 2023-05-30 247 77 200DB 7.000000000000 49 0    
SAGE SOFTWARE COLLECTION 2023-07-27 3,405 1,135 SL 3.000000000000 1,135 0    
WORKSPACE - DESK & CREDENZA 2023-07-10 3,168 453 200DB 7.000000000000 776 0    

TY 2024 InvestmentsCorpBondsSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 2,483,783 2,483,783

TY 2024 InvestmentsCorpStockSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK-COMMON 31,965,070 31,965,070

TY 2024 InvestmentsGovtObligationsSch
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
US Government Securities - End of Year Book Value:

13,092,952
US Government Securities - End of Year Fair Market Value:

13,092,952
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 LandEtcSchedule2
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
DESK/WORKSTATION 310 310 0  
DESK CHAIR 139 139 0  
OFFICE FURNITURE 379 379 0  
REFRIGERATOR 268 268 0  
CREDENZA, CONFERENCE TABLE 882 882 0  
OFFICE FURNITURE 6,925 6,925 0  
8 CHAIRS 2,350 2,350 0  
OFFICE CONCEPTS - SIGNAGE 1,394 1,394 0  
PHONE SYSTEM 2,289 2,289 0  
COMPUTER NETWORK 2,411 2,411 0  
COPY & FAX MACHINE 1,605 1,605 0  
DELL COMPUTER 979 979 0  
DELL OPTIPLEX 3046 984 984 0  
DELL OPTIPLEX 3046 984 984 0  
DELL 22" LED LCD MONITOR 209 209 0  
COPIER 2,087 2,087 0  
SAGE SOFTWARE COLLECTION 2,371 2,371 0  
DELL LATITUDE 15" 5000 2,217 2,217 0  
RUCKUS R310 ACCESS POINT 948 948 0  
FOUNDANT TECH - GRANT PROCESSING SOFTWARE 12,519 12,519 0  
SAGE SOFTWARE 2,724 2,724 0  
FOUNDANT TECH - GRANT PROCESSING SOFTWARE 10,914 10,308 606  
BUILDING SIGN 247 126 121  
SAGE SOFTWARE COLLECTION 3,405 2,270 1,135  
WORKSPACE - DESK & CREDENZA 3,168 1,229 1,939  


TY 2024 OtherAssetsSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INCOME 141,563 122,692 122,692
PREPAID UBTI TAX 698 469 469
UBTI TAX RECEIVABLE 2,603 0 0


TY 2024 OtherDecreasesSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Description Amount
EVANS BANCSHARES - K-1 6,065
NONDEDUCTIBLE EXPENSES 415


TY 2024 OtherExpensesSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 103,846 103,846   0
DUES AND NOTICES 3,038 0   3,038
OFFICE EXPENSE 2,883 0   2,883
MISCELLANEOUS 918 0   918
INSURANCE 5,011 0   5,011
UTILITIES 525 0   525
REPAIRS AND MAINTENANCE 6,417 0   6,417
TECHNOLOGY EXPENSE 9,753 0   9,753
MISCELLANEOUS K-1 DEDUCTIONS 20 0   0


TY 2024 OtherIncomeSchedule2
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
EVANS BANCSHARES, INC K-1 5,951 0 5,951


TY 2024 OtherIncreasesSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Description Amount
UNREALIZED INVESTMENT GAIN 883,205
EVANS BANCSHARES - DISTRIBUTIONS 2,872
GAIN/LOSS TIMING DIFFERENCE 121


TY 2024 OtherLiabilitiesSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLE 288 711
EXCISE TAX PAYABLE 9,092 23,943


TY 2024 OtherProfessionalFeesSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES - GRANT REVIEW 10,000 0   10,000


TY 2024 TaxesSchedule
Name:
MAX AND HELEN GUERNSEY
 
CHARITABLE FOUNDATION
EIN:
42-1460664
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME AND EXCISE TAX 45,492 0   0
PAYROLL TAXES 4,823 0   4,823
FOREIGN TAXES WITHHELD 6,932 6,932   0