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
THE HAROLD AND KATE REED FAMILY
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5628
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN554405628
A Employer identification number

20-3982052
B Telephone number (see instructions)

(952) 674-2852
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$9,342,016J 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 4,447 4,447  
4 Dividends and interest from securities... 276,279 279,230  
5a Gross rents............ 5 4  
b Net rental income or (loss) 5
6a Net gain or (loss) from sale of assets not on line 10 543,407
b Gross sales price for all assets on line 6a 555,573
7 Capital gain net income (from Part IV, line 2)... 539,033
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
73,222 62,542  
12 Total. Add lines 1 through 11........ 897,360 885,256  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,581 10,221   5,359
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
180,986 180,986   0
17 Interest............... 14,648 14,648   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
16,712 10,240   0
19 Depreciation (attach schedule) and depletion... 548 548  
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
13,352 12,512   50
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 241,827 229,155   5,409
25 Contributions, gifts, grants paid....... 471,500 471,500
26 Total expenses and disbursements. Add lines 24 and 25 713,327 229,155   476,909
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 184,033
b Net investment income (if negative, enter -0-) 656,101
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......... 84,583 134,988 134,988
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,880,200 Click to see attachment
List of Attached Documents:
// Content
3,905,647 		6,479,077
c Investments—corporate bonds (attach schedule)....... 566,462 Click to see attachment
List of Attached Documents:
// Content
575,759 		559,865
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).......... 1,333,811 Click to see attachment
List of Attached Documents:
// Content
1,432,695 		2,168,086
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) 5,865,056 6,049,089 9,342,016
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 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 5,865,056 6,049,089
29 Total net assets or fund balances (see instructions)..... 5,865,056 6,049,089
30 Total liabilities and net assets/fund balances (see instructions). 5,865,056 6,049,089
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
5,865,056
2
Enter amount from Part I, line 27a .....................
2
184,033
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,049,089
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,049,089
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 PASS THROUGH LOSS INTERNATIONAL EQUITY FUND II - GENERAL P    
b PASS THROUGH LOSS INTERNATIONAL EQUITY FUND II - GENERAL P    
c PASS THROUGH LOSS INTERNATIONAL EQUITY FUND II - SEGREGATED P    
d PASS THROUGH LOSS INTERNATIONAL EQUITY FUND II - SEGREGATED P    
e PASS THROUGH GAIN TAXABLE BOND FUND - SEGREGATED P    
PASS THROUGH GAIN TAXABLE BOND FUND - SEGREGATED P    
PASS THROUGH LOSS GLOBAL BOND FUND - SEGREGATED P    
PASS THROUGH LOSS GLOBAL BOND FUND - SEGREGATED P    
PASS THROUGH LOSS EMERGING MARKETS EQUITY FUND - GENERAL P    
PASS THROUGH LOSS EMERGING MARKETS EQUITY FUND - SEGREGATED P    
PASS THROUGH GAIN GLOBAL EQUITY FUND - GENERAL P    
PASS THROUGH GAIN GLOBAL EQUITY FUND - GENERAL P    
PASS THROUGH GAIN GLOBAL EQUITY FUND - SEGREGATED P    
PASS THROUGH GAIN GLOBAL EQUITY FUND - SEGREGATED P    
PASS THROUGH GAIN MULTI-ASSETS STRATEGIES FUND - GENERAL P    
PASS THROUGH GAIN MULTI-ASSETS STRATEGIES FUND - GENERAL P    
PASS THROUGH GAIN MULTI-ASSETS STRATEGIES FUND - SEGREGATED P    
PASS THROUGH GAIN MULTI-ASSETS STRATEGIES FUND - SEGREGATED P    
PASS THROUGH GAIN DIVERSIFYING STRATEGIES FUND - GENERAL P    
PASS THROUGH GAIN DIVERSIFYING STRATEGIES FUND - GENERAL P    
PASS THROUGH GAIN DIVERSIFYING STRATEGIES FUND - SEGREGATED P    
PASS THROUGH GAIN DIVERSIFYING STRATEGIES FUND - SEGREGATED P    
PASS THROUGH 1231 - MULTI-ASSETS STRATEGIES FUND - GENERAL P    
PASS THROUGH 1231 - MULTI-ASSETS STRATEGIES FUND - SEGREGATED P    
PASS THROUGH 1231 - DIVERSIFYING STRATEGIES FUND - SEGREGATED P    
PASS THROUGH 1256 - GLOBAL BOND FUND - SEGREGATED P    
PASS THROUGH 1256 - GLOBAL EQUITY FUND - GENERAL P    
PASS THROUGH 1256 - GLOBAL EQUITY FUND - SEGREGATED P    
PASS THROUGH 1256 - MULTI-ASSETS STRATEGIES FUND - GENERAL P    
PASS THROUGH 1256 - MULTI-ASSETS STRATEGIES FUND - SEGREGATED P    
PASS THROUGH 1256 - DIVERSIFYING STRATEGIES FUND - GENERAL P    
PASS THROUGH 1256 - DIVERSIFYING STRATEGIES FUND - SEGREGATED P    
SCHWAB - GENERAL P    
SCHWAB - SEGREGATED P    
PASS THROUGH GAIN - UBTI 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     77 -77
b     200 -200
c     253 -253
d     654 -654
e 28     28
299     299
    14 -14
    2,216 -2,216
    478 -478
    2,812 -2,812
1,307     1,307
12,851     12,851
37,835     37,835
322,758     322,758
7,020     7,020
9,605     9,605
30,540     30,540
41,799     41,799
426     426
797     797
4,723     4,723
8,835     8,835
    171 -171
    747 -747
1     1
    1,314 -1,314
83     83
1,917     1,917
    471 -471
    2,054 -2,054
    58 -58
    647 -647
40,903     40,903
33,846     33,846
    4,374 -4,374
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       -77
b       -200
c       -253
d       -654
e       28
      299
      -14
      -2,216
      -478
      -2,812
      1,307
      12,851
      37,835
      322,758
      7,020
      9,605
      30,540
      41,799
      426
      797
      4,723
      8,835
      -171
      -747
      1
      -1,314
      83
      1,917
      -471
      -2,054
      -58
      -647
      40,903
      33,846
      -4,374
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 2 539,033
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 9,120
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 9,120
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 9,120
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 5,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 48
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 968
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 arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowSARA SCHAFFLER Telephone no.right arrow (952) 674-2800

Located atright arrowPO BOX 5628MINNEAPOLISMN ZIP+4right arrow55440
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
 
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
HAROLD S REED PRESIDENT & DIRECTOR
0.25 		0 0 0
PO BOX 5628
MINNEAPOLIS,MN554405628
KATE M REED VICE PRESIDENT & DIRECTOR
0.25 		0 0 0
PO BOX 5628
MINNEAPOLIS,MN554405628
SARA SCHAFFLER SECRETARY & TREASURER
0.25 		0 0 0
PO BOX 5628
MINNEAPOLIS,MN554405628
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
8,675,941
b
Average of monthly cash balances.......................
1b
137,764
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,813,705
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
8,813,705
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
132,206
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,681,499
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
434,075
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
434,075
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
9,120
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
3,126
c
Add lines 2a and 2b............................
2c
12,246
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
421,829
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
421,829
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
421,829
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
476,909
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
476,909
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 7 421,829
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 386,548
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 476,909
a Applied to 2023, but not more than line 2a 386,548
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..... 90,361
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		331,468
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
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).)
HAROLD S REED
KATE M REED
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

(THE) BENJAMIN SCHOOL

11000 ELLISON WILSON ROAD
N PALM BEACH,FL33408 		NONE PUBLIC CHARITY UNRESTRICTED 7,000

(THE) CONSERVATION FUND

1655 N FORT MYER DR SUITE 1300
ARLINGTON,VA22209 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

(THE) LORD'S PLACE

2808 NORTH AUSTRALIAN AVE
WEST PALM BEACH,FL33407 		NONE PUBLIC CHARITY UNRESTRICTED 20,000

(THE) NATURE CONSERVANCY

2500 MAITLAND CENTER PKWY SUITE 311
MAITLAND,FL32751 		NONE PUBLIC CHARITY UNRESTRICTED 25,000

1000 FRIENDS OF FLORIDA INC

PO BOX 5948
TALLAHASSEE,FL32314 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

ADOPT A FAMILY OF THE PALM BEACHES INC

1712 2ND AVE N
LAKE WORTH,FL33460 		NONE PUBLIC CHARITY UNRESTRICTED 20,000

AMERICAN RED CROSS

431 18TH ST NW
WASHINGTON,DC20006 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

AMERICARES

88 HAMILTON AVE
STANFORD,CT06902 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

ANIMAL WELFARE INSTITUTE

900 PENNSYLVANIA AVE SE
WASHINGTON,DC20003 		NONE PUBLIC CHARITY UNRESTRICTED 3,000

AUDUBON FLORIDA (FLORIDAY AUDUBON)

4500 BISCAYNE BLVD SUITE 350
MIAMI,FL33137 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

BALSAM MOUNTAIN TRUST

81 PRESERVE ROAD
SYLVA,NC28779 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

BANNER LAKE CLUB

PO BOX 1875
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

BATH & TENNIS CLUB HISTORIC BUILDING PRESERV FDN

1170 S OCEAN BLVD
PALM BEACH,FL33480 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

BIG DOG RANCH RESCUE INC

14444 OKEECHOBEE BLVD
LOXAHATCHEE GROVES,FL33470 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

BONEFISH & TARPON

2937 SW 27TH AVE SUITE 203
MIAMI,FL33133 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

BOYS & GIRLS CLUBS OF MARTIN COUNTY

9357 SE OLYMPUS ST
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

BUSCH WILDLIFE SANCTUARY

2500 JUPITER PARK DR
JUPITER,FL33458 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

CHARLESTON HOPE

PO BOX 21315
CHARLESTON,SC29413 		NONE PUBLIC CHARITY UNRESTRICTED 1,500

CHEETAH CONSERVATION FUND

P O BOX 2496
ALEXANDRIA,VA22301 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

CHILD ADVOCATES OF SW CT

500 POST ROAD E
WESTPORT,CT06880 		NONE PUBLIC CHARITY UNRESTRICTED 4,500

CHILDREN'S DEFENSE FUND

840 FIRST ST NE STE 300
WASHINGTON,DC20002 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

CHILDREN'S HOME SOCIETY OF FLORIDA

5766 S SEMORAN BLVD
ORLANDO,FL32822 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

CHRIST MEMORIAL CHAPEL

PO BOX 582
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

CIEL-CENTER FOR INTL ENVIROMENTAL LAW

1101 15TH STREET NW SUITE 1100
WASHINGTON,DC20005 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

COMMONBOND COMMUNITIES

1080 MONTREAL AVENUE
ST PAUL,MN55116 		NONE PUBLIC CHARITY UNRESTRICTED 20,000

CROS MINISTRIES-CHRISTIANS REACHING OUT TO SOCIETY INC

3677 23RD AVE S B-101
LAKE WORTH,FL33461 		NONE PUBLIC CHARITY UNRESTRICTED 20,000

DELAWARE FUTURES INC

1104 NORTH ADAMS STREET
WILMINGTON,DE19801 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

DIRECT RELIEF

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

DISABLED AMERICAN VETERANS

PO BOX 14301
CINCINNATI,OH452500301 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

EVERGLADES FOUNDATION

18001 OLD CUTLER ROAD SUITE 625
PAMETTO BAY,FL33157 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

EVERY MOTHER COUNTS

333 HUDSON STREET SUITE 10
NEW YORK,NY10013 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

FAIRFIELD MUSEUM AND HISTORY CENTER

370 BEACH ROAD
FAIRFIELD,CT06824 		NONE PUBLIC CHARITY UNRESTRICTED 3,000

FAMILY PROMISE INC

71 SUMMIT AVE
SUMMIT,NJ07901 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

FARM AID

501 CAMBRIDGE STREET
CAMBRIDGE,MA02141 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

FEED MY STARVING CHILDREN

401 93RD AVENUE NW
COON RAPIDS,MN55433 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

FEED THE HUNGRY PANTRY OF PALM BEACH COUNTY

8306 155TH PLACE N
PALM BEACH GARDENS,FL33418 		NONE PUBLIC CHARITY UNRESTRICTED 20,000

FEEDING AMERICA

161 N CLARK ST SUITE 700
CHICAGO,IL60601 		NONE PUBLIC CHARITY UNRESTRICTED 11,000

FIRST TEE-GREATER CHARLESTON

321 WINGO WAY SUITE 201
MT PLEASANT,SC29464 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

FRIENDS OF MACARTHUR BEACH STATE PARK

10900 JACK NICKLAUS DR
N PALM BEACH,FL33408 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

GLOBAL EMPOWERMENT MISSION

1850 NW 84TH AVE
DORAL,FL33126 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

GUARDIANS OF MARTIN COUNTY INC

PO BOX 1489
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

HALSEY INST OF CONTEMPORARY ART-COLLEGE OF CHARLESTON FDTN

66 GEORGE ST
CHARLESTON,SC29424 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

HEIFER PROJECT INTERNATIONAL INC

1 WORLD AVENUE
LITTLE ROCK,AR72202 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

HIBISCUS CHILDRENS CENTER INC

PO BOX 1406
JENSEN BEACH,FL34958 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

HIGH POINT UNIVERSITY

ONE UNIVERSITY PARKWAY
HIGH POINT,NC27268 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

HOBE SOUND COMMUNITY CHEST

11450 SE DIXIE HIGHWAY SUITE 106
HOBE SOUND,FL33455 		NONE PUBLIC CHARITY UNRESTRICTED 15,000

HOBE SOUND NATURE CENTER

PO BOX 214
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

HOUSE OF HOPE INC

2484 SE BONITA STREET
STUART,FL34997 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

INNERCITY TENNIS

4005 NICOLLET AVE S
MINNEAPOLIS,MN55409 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

INTERNATIONAL FUND FOR ANIMAL WELFARE-IFAW

290 SUMMER STREET
YARMOUTH PORT,MA02675 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

INTERNATIONAL TENNIS HALL OF FAME

194 BELLEVUE AVE
NEWPORT,RI02840 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

JUPITER ISLAND MEDICAL CLINIC

100 ESTRADA SQUARE
HOBE SOUND,FL33455 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

LEWIS & CLARK COLLEGE

615 S W PALATINE HILL RD
PORTLAND,OR97219 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

LOAVES AND FISHES INC

206 EAST 8TH STREET
APOPKA,FL32703 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

LOVE AND HOPE IN ACTION-LAHIA

1760 SE SALERNO RD
STUART,FL34997 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

MANNA FOOD BANK

99 BROADPOINTE DRIVE
MILLS RIVER,NC28759 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

MATTHEW 25 MINISTRIES INC

PO BOX 203
PAHOKEE,FL33476 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

MERCY HOUSING

1600 BROADWAY SUITE 2000
DENVER,CO80202 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

NATIONAL TRUST FOR SCOTLAND FOUNDATION USA

PO BOX 9207
BOSTON,MA02114 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

NICKLAUS CHILDREN'S HOSPITAL FDN

3100 SW 62 AVE
MIAMI,FL33155 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

NORMAN BIRD SANCTUARY

583 THIRD BEACH ROAD
MIDDLETOWN,RI02842 		NONE PUBLIC CHARITY UNRESTRICTED 7,500

OCEAN CONSERVANCY INC

1300 19TH STREET NW 8TH FLOOR
WASHINGTON,DC20036 		NONE PUBLIC CHARITY UNRESTRICTED 3,000

OPPORTUNITY INTERNATIONAL INC

PO BOX 2826
CAROL STREAM,IL60132 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

ORPHAN GRAIN TRAIN

PO BOX 1466
NORFOLK,NE68702 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

PLACE OF HOPE

9078 ISAIAH LANE
PALM BEACH GARDENS,FL33418 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

PORTER-GAUD FOUNDATION

300 ALBERMARLE RD
CHARLESTON,SC29407 		NONE PUBLIC CHARITY UNRESTRICTED 12,500

PRESERVATION SOCIETY OF NEWPORT COUNTY

424 BELLEVUE AVE
NEWPORT,RI02840 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

RMHC - RONALD MCDONALD HOUSE CHARITIES CHARLESTON

81 GADSDEN ST
CHARLESTON,SC29401 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

SAFESPACE INC

612 SE DIXIE HWY
STUART,FL34994 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

SAMARITANS PURSE

PO BOX 3000
BOONE,NC28607 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

ST MICHAEL'S COUNTRY DAY SCHOOL

180 RHODE ISLAND AVE
NEWPORT,RI02840 		NONE PUBLIC CHARITY UNRESTRICTED 7,500

TGR FOUNDATION

15440 LAGUNA CANYON RD
IRVINE,CA92618 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

TREASURE COAST FOOD BANK INC

401 ANGLE ROAD
FT PIERCE,FL34947 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

UNITED WAY OF PALM BEACH COUNTY INC

477 SOUTH ROSEMARY AVE SUITE 230
WEST PALM BEACH,FL33401 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

UNIVERSITY OF FLORIDA FOUNDATION INC

PO BOX 14425
GAINESVILLE,FL32604 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

URBAN YOUTH IMPACT

2823 N AUSTRALIAN AVE
WEST PALM BEACH,FL33407 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

VILLA LA BEAST INC

5497 SC 391
PROSPERITY,SC29127 		NONE PUBLIC CHARITY UNRESTRICTED 4,500

WORLD WILDLIFE FUND

1250 24TH ST NW
WASHINGTON,DC20037 		NONE PUBLIC CHARITY UNRESTRICTED 15,000

YO ART INC

PO BOX 12397
CHARLESTON,SC29422 		NONE PUBLIC CHARITY UNRESTRICTED 1,500
Total .................................right arrow 3a 471,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 4,447  
4 Dividends and interest from securities .... 900001 4,781 14 271,498  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 900001 5 14    
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 73,222  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 543,407  
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) .. 4,786 892,574 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
897,360
(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:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WAYCROSSE FEES 15,581 10,221   5,359

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Name of Bond End of Year Book Value End of Year Fair Market Value
TAXABLE BOND FUND 410,835 403,628
GLOBAL BOND FUND 164,924 156,237

TY 2024 InvestmentsCorpStockSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Name of Stock End of Year Book Value End of Year Fair Market Value
BAKER HUGHES CO. 22,464 32,406
BOEING CO. 21,508 22,125
BWX TECHNOLOGIES INC 18,822 23,392
CANADIAN PACIFIC RAILWAY 14,267 25,330
CATEPILLAR, INC. 10,462 41,717
CISCO SYSTEMS 23,533 42,032
COHERENT INC. 22,917 38,366
CORNING, INC. 21,868 52,747
CRANE CO 15,008 26,199
DEERE & CO. 29,645 33,896
EXXON MOBIL CORP 21,881 21,514
GENERAC HOLDINGS INC 21,983 28,684
GENERAL MOTORS GO. 19,252 33,826
HEWLETT PACKARD ENTERPRI 18,686 18,361
IBM CORP 18,323 34,074
KIMBERLY CLARK CORP 18,737 19,001
MATCH GROUP INC 23,983 21,589
MOSAIC STOCK 465,987 656,016
NEWMONT CORPORATION COM 30,622 29,962
NUTRIEN LTD F 21,116 19,690
NINTENDO LTD 8,965 11,558
ORACLE CORP 16,558 42,493
ORION ENG. CARBONS SA 33,753 36,238
PARKER HANNIFIN CORP. 10,450 38,162
POPULAR INC. NEW F 20,773 48,911
QUALCOMM INC. 10,549 29,188
SIMON PROPERTY GROUP 19,964 36,164
SONY CORP 8,289 38,617
TEREX CORP 13,513 26,114
TE CONNECTIVITY PLC 20,735 19,301
US BANCORP DEL 21,899 32,046
INTERNATIONAL EQUITY FUND II 55,658 373,634
GLOBAL EQUITY FUND 1,936,753 3,533,238
EMERGING MARKETS EQUITY FUND 157,867 202,961
DIVERSIFYING STRATEGIES FUND 708,857 789,525

TY 2024 InvestmentsOtherSchedule2
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MULTI-ASSETS STRATEGIES FUND AT COST 1,432,695 2,168,086

TY 2024 OtherExpensesSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NON-DEDUCTIBLE EXPENSES - DIVERSIFYING STRATEGIES FUND - SEGREGATED 8 0   0
NON-DEDUCTIBLE EXPENSES - MULTI-ASSETS STRATEGIES FUND - GENERAL 4 0   0
NON-DEDUCTIBLE EXPENSES - MULTI-ASSETS STRATEGIES FUND - SEGREGATED 22 0   0
OTHER LOSS - GLOBAL BOND FUND - SEGREGATED 11,056 11,056   0
OTHER LOSS - INTERNATIONAL EQUITY FUND II - GENERAL 16 16   0
OTHER LOSS - INTERNATIONAL EQUITY FUND II - SEGREGATED 51 51   0
RENTAL LOSS - MULTI-ASSETS STRATEGIES FUND - GENERAL 259 259   0
RENTAL LOSS - MULTI-ASSETS STRATEGIES FUND - SEGREGATED 1,130 1,130   0
STATE OF MINNESOTA FEE 50 0   50
UBTI LOSS - MULTI-ASSETS STRATEGIES FUND - GENERAL 139 0   0
UBTI LOSS - MULTI-ASSETS STRATEGIES FUND - SEGREGATED 617 0   0


TY 2024 OtherIncomeSchedule2
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GLOBAL EQUITY FUND - GENERAL 173 173 173
GLOBAL EQUITY FUND - SEGREGATED 4,753 4,753 4,753
MULTI-ASSETS STRATEGIES FUND - GENERAL 8,025 8,025 8,025
MULTI-ASSETS STRATEGIES FUND - SEGREGATED 34,934 34,934 34,934
DIVERSIFYING STRATEGIES FUND - GENERAL 1,190 1,190 1,190
DIVERSIFYING STRATEGIES FUND - SEGREGATED 13,204 13,204 13,204
MULTI-ASSETS STRATEGIES FUND - GENERAL - ROYALTY 49 49 49
MULTI-ASSETS STRATEGIES FUND - SEGREGATED - ROYALTY 214 214 214
DIVERSIFYING STRATEGIES FUND - GENERAL - UBTI 881 0 881
DIVERSIFYING STRATEGIES FUND - SEGREGATED - UBTI 9,799 0 9,799


TY 2024 OtherProfessionalFeesSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES - INTERNATIONAL EQUITY FUND II - GENERAL 243 243   0
INVESTMENT EXPENSES - INTERNATIONAL EQUITY FUND II - SEGREGATED 794 794   0
INVESTMENT EXPENSES - TAXABLE BOND FUND - SEGREGATED 2,469 2,469   0
INVESTMENT EXPENSES - GLOBAL BOND FUND - SEGREGATED 1,216 1,216   0
INVESTMENT EXPENSES - EMERGING MARKETS EQUITY FUND - GENERAL 68 68   0
INVESTMENT EXPENSES - EMERGING MARKETS EQUITY FUND - SEGREGATED 398 398   0
INVESTMENT EXPENSES - GLOBAL EQUITY FUND - GENERAL 2,576 2,576   0
INVESTMENT EXPENSES - GLOBAL EQUITY FUND - SEGREGATED 29,161 29,161   0
INVESTMENT EXPENSES - MULTI-ASSETS STRATEGIES FUND - GENERAL 11,864 11,864   0
INVESTMENT EXPENSES - MULTI-ASSETS STRATEGIES FUND - SEGREGATED 51,633 51,633   0
INVESTMENT EXPENSES - DIVERSIFYING STRATEGIES FUND - GENERAL 5,460 5,460   0
INVESTMENT EXPENSES - DIVERSIFYING STRATEGIES FUND - SEGREGATED 60,692 60,692   0
INVESTMENT EXPENSES - CHARLES SCHWAB 14,412 14,412   0


TY 2024 TaxesSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES - INTERNATIONAL EQUITY FUND II - GENERAL 353 353   0
FOREIGN TAXES - INTERNATIONAL EQUITY FUND II - SEGREGATED 1,154 1,154   0
FOREIGN TAXES - GLOBAL EQUITY FUND - SEGREGATED 7 7   0
FOREIGN TAXES - EMERGING MARKETS EQUITY FUND - GENERAL 74 74   0
FOREIGN TAXES - EMERGING MARKETS EQUITY FUND - SEGREGATED 438 438   0
FOREIGN TAXES - GLOBAL EQUITY FUND - GENERAL 463 463   0
FOREIGN TAXES - GLOBAL EQUITY FUND - SEGREGATED 5,246 5,246   0
FOREIGN TAXES - MULTI-ASSETS STRATEGIES FUND - GENERAL 379 379   0
FOREIGN TAXES - MULTI-ASSETS STRATEGIES FUND - SEGREGATED 1,646 1,646   0
FOREIGN TAXES - DIVERSIFYING STRATEGIES FUND - GENERAL 12 12   0
FOREIGN TAXES - DIVERSIFYING STRATEGIES FUND - SEGREGATED 136 136   0
FEDERAL TAXES 6,472 0   0
FOREIGN TAXES - ENTITY LEVEL 332 332   0