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 ROBERT D AND PATRICIA E KERN
FAMILY FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)W305 S4239 BROOKHILL ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WAUKESHA, WI53189
A Employer identification number

39-1923558
B Telephone number (see instructions)

(262) 968-6838
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$836,952,772J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 8,684,791 8,684,791  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 37,290,453
b Gross sales price for all assets on line 6a 188,046,530
7 Capital gain net income (from Part IV, line 2)... 47,308,653
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
6,954,007 7,323,917  
12 Total. Add lines 1 through 11........ 52,929,251 63,317,361  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,644,107 222,222   1,421,885
14 Other employee salaries and wages...... 2,381,201 38,451   2,342,750
15 Pension plans, employee benefits....... 1,294,880 60,978   1,233,902
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
23,725 0   22,997
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
53,267 26,634   26,634
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
4,219,477 3,960,568   210,909
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
520,398 101,735   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 32,692 0   32,692
21 Travel, conferences, and meetings....... 3,038,078 0   3,038,078
22 Printing and publications.......... 6,046 0   6,046
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
17,523,681 0   17,523,681
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 30,737,552 4,410,588   25,859,574
25 Contributions, gifts, grants paid....... 66,528,519 66,528,519
26 Total expenses and disbursements. Add lines 24 and 25 97,266,071 4,410,588   92,388,093
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -44,336,820
b Net investment income (if negative, enter -0-) 58,906,773
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............. 36,426 257,903 257,903
2 Savings and temporary cash investments......... 10,987,677 6,590,430 6,590,430
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)....... 359,481,892 Click to see attachment
List of Attached Documents:
// Content
362,243,312 		362,243,312
c Investments—corporate bonds (attach schedule)....... 86,333,347 Click to see attachment
List of Attached Documents:
// Content
76,907,816 		76,907,816
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).......... 384,952,192 Click to see attachment
List of Attached Documents:
// Content
390,953,311 		390,953,311
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) 841,791,534 836,952,772 836,952,772
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........... 841,791,534 836,952,772
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 841,791,534 836,952,772
30 Total liabilities and net assets/fund balances (see instructions). 841,791,534 836,952,772
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
841,791,534
2
Enter amount from Part I, line 27a .....................
2
-44,336,820
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
39,498,058
4
Add lines 1, 2, and 3 ..........................
4
836,952,772
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
836,952,772
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      
b GAINS REPORTED ON K-1S AND PARTNERSHIPS      
c
d
e
(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 188,046,530   150,756,077 37,290,453
b 10,018,200     10,018,200
c
d
e
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       37,290,453
b       10,018,200
c
d
e
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 47,308,653
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) 1 818,804
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........................... 3 818,804
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- ..... 5 818,804
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 685,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 735,000
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 22
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 83,826
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 arrowWI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.KFFDN.ORG
14
The books are in care ofright arrowMR MICHAEL W SENSKE Telephone no.right arrow (262) 968-6838

Located atright arrowW305 S4239 BROOKHILL ROADWAUKESHAWI ZIP+4right arrow53189
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
BODE KYLE R VICE PRESIDENT
40.00 		409,852 87,093 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
GRABER RICHARD DIRECTOR
1.00 		2,000 0 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
HANSON GAIL DIRECTOR
1.00 		3,000 0 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
PETERSON MARCIA DIRECTOR & CHAIRMAN OF THE BOARD
10.00 		0 0 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
PIERSON WARREN DIRECTOR
1.00 		2,000 0 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
RAHN JAMES C DIRECTOR & PRESIDENT
40.00 		753,419 92,344 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
RAMIREZ AUSTIN DIRECTOR
1.00 		2,000 0 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
ROELL STEVEN DIRECTOR
1.00 		2,000 0 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
SENSKE MICHAEL W CFO & TREASURER
40.00 		467,836 88,296 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
TABAT DAWN DIRECTOR
1.00 		2,000 0 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
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
STAWSKI CHRISTOPHER PROGRAM DIRECTOR
40.00 		229,608 72,073 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
MELTON DOUG PROGRAM DIRECTOR
40.00 		219,639 69,355 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
WILKEN KAREN PROGRAM DIRECTOR
40.00 		195,177 64,148 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
ZWISLER STASIA PROGRAM DIRECTOR
40.00 		152,177 67,685 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
RAMIREZ KELLY PROGRAM DIRECTOR
40.00 		156,731 55,524 0
W305 S4239 BROOKHILL ROAD
WAUKESHA,WI53189
Total number of other employees paid over $50,000...................right arrow 14
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
FRANKLINCOVEY CLIENT SALES INC EXPAND LEADER IN ME IN K12 SCHOOLS 14,638,889
2200 WEST PARKWAY BLVD
SALT LAKE CITY,UT84119
CONCURRENCY CONSULTING 849,606
13600 BISHOPS CT
BROOKFIELD,WI53005
PENNYBACKER VI LP INVESTMENT ADVISORY 475,274
1111 W 6TH ST BUILDING A SUITE 200
AUSTIN,TX78703
PGIM PRIVATE CAPITAL INVESTMENT ADVISORY 426,772
150 N RIVERSIDE PLAZA SUITE 2100
CHICAGO,IL60606
PGIM REAL ESTATE INVESTMENT ADVISORY 422,618
7 GIRALDA FARMS
MADISON,NJ07940
Total number of others receiving over $50,000 for professional services.............right arrow14
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 FRANKLINCOVEY CLIENT SALES INC. - CONSULTING TO EXPAND THE LEADER IN ME NETWORK 14,638,889
2 MAINTENANCE AND ENHANCEMENT OF KEEN DIGITAL PLATFORM FOR USE BY THE KEEN NETWORK OF OVER 7,300 USERS 1,119,650
3 FACULTY DEVELOPMENT - 15 CONFERENCES CONVENED TO TRAIN FACULTY WITHIN THE KEEN NETWORK WITH 427 GRANTEES IN ATTENDANCE 1,652,474
4 KEEN PROGRAM NETWORK CONFERENCES - HOSTED 2 EVENTS IN 2024 WITH A TOTAL OF 591 GRANTEES IN ATTENDANCE 1,836,417
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
451,715,527
b
Average of monthly cash balances.......................
1b
154,632
c
Fair market value of all other assets (see instructions)................
1c
396,328,618
d
Total (add lines 1a, b, and c).........................
1d
848,198,777
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
848,198,777
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
12,722,982
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
835,475,795
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
41,773,790
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
41,773,790
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
818,804
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
17,477
c
Add lines 2a and 2b............................
2c
836,281
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
40,937,509
4
Recoveries of amounts treated as qualifying distributions................
4
29,763
5
Add lines 3 and 4............................
5
40,967,272
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
40,967,272
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
92,388,093
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
92,388,093
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 40,967,272
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...... 23,200,664
b From 2020...... 29,946,922
c From 2021...... 39,444,829
d From 2022...... 11,105,252
e From 2023...... 34,690,889
f Total of lines 3a through e ........ 138,388,556
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 92,388,093
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..... 40,967,272
e Remaining amount distributed out of corpus 51,420,821
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 5 189,809,377
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) ... 		23,200,664
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		166,608,713
10 Analysis of line 9:
a Excess from 2020.... 29,946,922
b Excess from 2021.... 39,444,829
c Excess from 2022.... 11,105,252
d Excess from 2023.... 34,690,889
e Excess from 2024.... 51,420,821
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICAN ASSOCIATION OF COLLEGES AND UNIVERSITIES

1818 R ST NW
WASHINGTON,DC20009 		N/A PC SUPPORT FOR THE CLTE 600,000

ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY

300 E UNIVERSITY DR
TEMPE,AZ85281 		N/A PC EMBEDDING EM INSTITUTIONALLY 6,245,000

BAYLOR UNIVERSITY

1311 S 5TH ST
WACO,TX76706 		N/A PC EMBEDDING EM INSTITUTIONALLY 3,000

BELMONT UNIVERSITY

1900 BELMONT BLVD
NASHVILLE,TN37212 		N/A PC DEVELOP A FRAMEWORK TO FORM LEADERS FOR FLOURISHING AT BELMONT UNIVERSITY 1,000,000

BES INC

131 DARTMOUTH ST FLOOR 3
BOSTON,MA02116 		N/A PC EMBED VIRTUE ETHICS CHARACTER ACROSS LEADERSHIP PROGRAMS 250,000

BIOLA UNIVERSITY INC

13800 BIOLA AVE
LA MIRADA,CA90639 		N/A PC GROW APDP 66,294

BRADLEY UNIVERSITY

1501 W BRADLEY AVE
PEORIA,IL61625 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

BRITISH SCHOOLS AND UNIVERSITIES FOUNDATION INC

575 MADISON AVE STE 1006
NEW YORK,NY10022 		N/A PC CHARACTER INITIATIVE; DEVELOPMENT OF CHARACTER VIRTUES 1,191,329

BUCKNELL UNIVERSITY

235 DANA ENGINEERING BLDG
LEWISBURG,PA17837 		N/A PC EMBEDDING EM INSTITUTIONALLY 26,875

CALIFORNIA BAPTIST UNIVERSITY

8432 MAGNOLIA AVE
RIVERSIDE,CA92504 		N/A PC IMPLEMENT APDP 84,000

CAMPBELL UNIVERSITY INC

450 LESLIE CAMPBELL AVE
BUIS CREEK,NC27506 		N/A PC EMBEDDING EM INSTITUTIONALLY 30,000

CARNEGIE MELLON UNIVERSITY

5000 FORBES AVE
PITTSBURGH,PA15213 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

CARTHAGE COLLEGE

2001 ALFORD PARK DR
KENOSHA,WI53140 		N/A PC EMBEDDING EM INSTITUTIONALLY 10,000

CATHOLIC MEMORIAL HIGH SCHOOL OF WAUKESHA INC

221 SOUTH HARTWELL AVENUE
WAUKESHA,WI53186 		N/A PC GENERAL OPERATING SUPPORT 25,000

CENTER FOR URBAN TEACHING INC

2600 W WISCONSIN AVE
MILWAUKEE,WI53233 		N/A PC SUPPORT LEADERSHIP DEVELOPMENT PROGRAM 516,384

CHARACTER LAB INC

3675 MARKET STREET SUITE 200
PHILADELPHIA,PA19104 		N/A PC CHARACTER FOCUSED CONTENT AND PROGRAMMING 110,700

CHARTER FUND INC

1390 LAWRENCE STREET SUITE 200
DENVER,CO80204 		N/A PC IMPACT-CHARACTER-CTE INTEGRATION 14,400,000

CLARKSON UNIVERSITY

8 CLARKSON AVE
POTSDAM,NY13699 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

CLEMSON UNIVERSITY

101 CALHOUN DR
CLEMSON,SC29634 		N/A GOV EMBEDDING EM INSTITUTIONALLY 35,000

COLONIAL WILLIAMSBURG FOUNDATION

PO BOX 1776
WILLIAMSBURG,VA23187 		N/A PC GENERAL OPERATING SUPPORT 200,000

COLORADO SCHOOL OF MINES

1500 ILLINOIS STREET
GOLDEN,CO80401 		N/A GOV EMBEDDING EM INSTITUTIONALLY 37,500

DREXEL UNIVERSITY

3141 CHESTNUT STREET
PHILADELPHIA,PA19104 		N/A PC EMBEDDING EM INSTITUTIONALLY 100,000

DUKE UNIVERSITY

146 LANGFORD BUILDING PO BOX 90968
DURHAM,NC27708 		N/A PC EMBEDDING EM INSTITUTIONALLY; IMPLEMENT APDP 345,000

ELIZABETHTOWN COLLEGE

1 ALPHA DR
ELIZABETHTOWN,PA17022 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC

600 SOUTH CLYDE MORRIS BLVD
DAYTONA BEACH,FL32114 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

FLORIDA GULF COAST UNIVERSITY BOARD OF TRUSTEES

10501 FGCU BLVD S
FORT MYERS,FL33965 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

FLORIDA INSTITUTE OF TECHNOLOGY INC

150 WEST UNIVERSITY BOULEVARD
MELBOURNE,FL32901 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

FOUNDATION FOR INDIVIDUAL RIGHTS IN EDUCATION INC

510 WALNUT ST SUITE 1250
PHILADELPHIA,PA19106 		N/A PC CAPACITY BUILDING 250,000

FRANKLIN W OLIN COLLEGE OF ENGINEERING INC

1000 OLIN WAY
NEEDHAM,MA02492 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

FRESNO PACIFIC UNIVERSITY

1717 S CHESTNUT AVE
FRESNO,CA93702 		N/A PC IMPLEMENT APDP 137,750

GEORGE FOX UNIVERSITY

414 N MERIDIAN ST
NEWBERG,OR97132 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

GEORGE MASON UNIVERSITY FOUNDATION INC

4400 UNIVERSITY DR
FAIRFAX,VA22030 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

GEORGE WASHINGTON UNIVERSITY

2121 STREET NW
WASHINGTON,DC20052 		N/A PC EMBEDDING EM INSTITUTIONALLY 549,000

GEORGIA TECH RESEARCH CORPORATION

800 WEST PEACHTREE STREET NW-ROOM
4428
ATLANTA,GA30308 		N/A SO EMBEDDING EM INSTITUTIONALLY 28,500

GORDON COLLEGE

255 GRAPEVINE ROAD
WENHAM,MA01984 		N/A PC IMPLEMENT APDP 114,000

GPS EDUCATION PARTNERS INC

N19W24075 RIVERWOOD DRIVE SUITE 300
WAUKESHA,WI53188 		N/A PC GENERAL OPERATING SUPPORT 50,000

GRAND CANYON UNIVERSITY

3300 W CAMELBACK RD
PHOENIX,AZ85017 		N/A PC EMBEDDING EM INSTITUTIONALLY; IMPLEMENT APDP 125,000

GREATHEARTS FOUNDATION

4801 EAST WASHINGTON ST STE 250
PHOENIX,AZ85034 		N/A SO NETWORK EXPANSION AND PROGRAMMING SUPPORT 6,500,000

IN MEDIAS RES

3 UNIVERSITY CIR
CHARLOTTESVILLE,VA22903 		N/A PC SUPPORT FOUR ONGOING INITIATIVES 1,127,769

INSTITUTE FOR JUSTICE

901 N GLEBE ROAD SUITE 900
ARLINGTON,VA22203 		N/A PC GENERAL OPERATING SUPPORT 250,000

INSTITUTE OF INDUSTRIAL AND SYSTEMS ENGINEERS INC

3577 PARKWAY LANE SUITE 200
NORCROSS,GA30092 		N/A PC CONTENT DESIGN, WORKSHOP DEVELOPMENT, AND SPONSORSHIP OF THE IISE ANNUAL CONFERENCE IN 2025 25,000

JAMES MADISON UNIVERSITY FOUNDATION INC

1320 S MAIN STREET
HARRISONBURG,VA22807 		N/A PC EMBEDDING EM INSTITUTIONALLY 60,000

LAWRENCE TECHNOLOGICAL UNIVERSITY

21000 WEST TEN MILE ROAD
SOUTHFIELD,MI48075 		N/A PC EMBEDDING EM INSTITUTIONALLY 28,000

LIPSCOMB UNIVERSITY

ONE UNIVERSITY PARK DRIVE
NASHVILLE,TN37204 		N/A PC IMPLEMENT APDP 70,000

LOUISIANA TECH UNIVERSITY

201 MAYFIELD AVE
RUSTON,LA71272 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

LUTHERAN HIGH SCHOOL ASSOCIATION OF GREATER MILWAUKEE

10427 W LINCOLN AVENUE STE 1300
MILWAUKEE,WI53227 		N/A PC GENERAL OPERATING SUPPORT 50,000

LUTHERAN UNIVERSITY ASSOCIATION

1700 CHAPEL DR
VALPARAISO,IN46383 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC

52 VANDERBILT AVE 201
NEW YORK,NY10017 		N/A PC SUPPORT STEERING COMMITTEE FOR TH EREFORMATION OF HIGHER EDUCATION BOARDS 150,000

MARIAN UNIVERSITY

3200 COLD SPRING RD
INDIANAPOLIS,IN46222 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

MARQUETTE UNIVERSITY

1250 W WISCONSIN AVE
MILWAUKEE,WI53233 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

MIAMI UNIVERSITY FOUNDATION INC

725 E CHESTNUT STREET
OXFORD,OH45056 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

MICHIGAN TECH FUND

1400 TOWNSEND DRIVE
HOUGHTON,MI49931 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

MILWAUKEE SCHOOL OF ENGINEERING

1025 NORTH BROADWAY
MILWAUKEE,WI52303 		N/A PC EMBEDDING EM INSTITUTIONALLY 525,000

MINNESOTA STATE UNIVERSITY MANKATO

MINNESOTA STATE UNIVERSITY -
MANKATO 131 TRAFTON SCIENCE CENTER
MANKATO,MN56001 		N/A GOV EMBEDDING EM INSTITUTIONALLY 35,000

MONTANA STATE UNIVERSITY

CULBERTSON HALL 100
BOZEMAN,MT59717 		N/A GOV EMBEDDING EM INSTITUTIONALLY 123,000

MTF FUND

10901 LOWELL AVE STE 130
OVERLAND PARK,KS66210 		N/A SO ONGOING OPERATIONAL SUPPORT 9,164,400

NEW SCHOOLS FOR ALABAMA

2 20TH ST N STE 1315
BIRMINGHAM,AL35203 		N/A PC SUPPORT CREATING AND OPERATING CHARTER SCHOOLS IN ALABAMA 450,000

NEW YORK INSTITUTE OF TECHNOLOGY

NORTHERN BOULEVARD VALENTINES LN
OLD WESTBURG,NY11568 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

NORTH CAROLINE STATE UNIVERSITY

NORTH CAROLINA STATE UNIVERSITY
HOLLADAY HALL BOX 7001
RALEIGH,NC27695 		N/A GOV EMBEDDING EM INSTITUTIONALLY 55,000

NORTHWEST NAZARENE UNIVERSITY INC

623 S UNIVERSITY BLVD
NAMPA,ID83686 		N/A PC IMPLEMENT APDP 87,000

OHIO NORTHERN UNIVERSITY

525 SOUTH MAIN STREET
ADA,OH45810 		N/A PC EMBEDDING EM INSTITUTIONALLY 47,500

OHIO STATE UNIVERSITY FOUNDATION

281 W LANE AVE
COLUMBUS,OH43210 		N/A PC EMBEDDING EM INSTITUTIONALLY 839,375

OLD DOMINION UNIVERSITY RESEARCH FOUNDATION

4111 MONARCH WAY 204
NORFOLK,OK23508 		N/A GOV EMBEDDING EM INSTITUTIONALLY 10,000

PARENT CHOICE INC

350 BISHOPS WAY STE 104
BROOKFIELD,WI53005 		N/A SO OPERATING EXPENSE 287,676

PBS FOUNDATION

2100 CRYSTAL DRIVE
ARLINGTON,VA22202 		N/A SO DEVELOPMENT AND PROMOTION OF KEN BURNS FILM 3,000,000

PENNSYLVANIA STATE UNIVERSITY

201 OLD MAIN
UNIVERSITY PARK,PA16802 		N/A GOV EMBEDDING EM INSTITUTIONALLY 45,000

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

PO BOX 415649
BOSTON,MA02241 		N/A PC HUMAN FLOURISHING PROGRAM CAPACITY; PILOT TO ADDRESS ETHICS AND CHARACTER ON CAMPUS 1,480,500

PRESIDENT-BOARD OF TRUSTEES SANTA CLARA COLLEGE

500 EL CAMINO REAL
SANTA CLARA,CA95053 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

REGENTS OF THE UNIVERSITY OF MICHIGAN

4901 EVERGREEN RD
DEARBORN,MI48128 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

ROCHESTER INSTITUTE OF TECHNOLOGY

1 LOMB MEMORIAL DR
ROCHESTER,NY14623 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

ROCKETSHIP EDUCATION

350 TWIN DOLPHIN DRIVE SUITE 109
REDWOOD CITY,CA94065 		N/A PC DEVELOP A COMPREHENSIVE APPROACH TO CHARACTER FORMATION 150,000

ROSE-HULMAN INSTITUTE OF TECHNOLOGY

5500 WABASH AVENUE
TERRE HAUTE,IN47803 		N/A PC EMBEDDING EM INSTITUTIONALLY 39,000

ROWAN UNIVERSITY FOUNDATION INC

201 MULLICA HILL RD
GLASSBORO,NJ08028 		N/A PC EMBEDDING EM INSTITUTIONALLY 251,250

SOUTH DAKOTA SCHOOL OF MINES & TECHNOLOGY

501 E ST JOSEPH ST
RAPID CITY,SD57701 		N/A GOV EMBEDDING EM INSTITUTIONALLY 35,000

ST AUGUSTINE PREPARATORY ACADEMY INC

2607 S 5TH STREET
MILWAUKEE,WI53207 		N/A PC GENERAL OPERATING SUPPORT 175,000

ST LOUIS UNIVERSITY

221 N GRAND BLVD
ST LOUIS,MO63103 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

TEACH FOR AMERICA INC

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		N/A PC GENERAL OPERATING SUPPORT 175,000

TENNESSEE TECHNOLOGICAL UNIVERSITY

1 WILLIAM L JONES DR
COOKEVILLE,TN38505 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

TEXAS TECH FOUNDATION INC

BOX 45025
LUBBOCK,TX79409 		N/A PC TO EXPAND THE CAPACITY OF THE LEADER AND CULTURE DEVELOPMENT TEAM AT THE TEXAS TECH UNIVERSITY SYSTEM 229,000

THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND

6823 ST CHARLES AVENUE
NEW ORLEANS,LA70118 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

THE ASPEN INSTITUTE INC

2300 N STREET SUITE 700
WASHINGTON,DC20037 		N/A PC LAUNCH THE DIGITAL LEADERSHIP DEVELOPMENT INDEX ASSESSMENT TOOL 817,620

THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS

PRESIDENTS OFFICE MC-346 506 S
WRIGHT ST
CHAMPAIGN,IL61801 		N/A PC EMBEDDING EM INSTITUTIONALLY 495,000

THE CITADEL THE MILITARY COLLEGE OF SOUTH CAROLINA

171 MOULTRIE STREET
CHARLESTON,SC29409 		N/A GOV EMBEDDING EM INSTITUTIONALLY 36,875

THE MEDICAL COLLEGE OF WISCONSIN INC

8701 WATERTOWN PLANK ROAD
MILWAUKEE,WI53226 		N/A PC KERN INSTITUTE - MCW - NATIONAL TRANSFORMATION NETWORK 7,500,000

THE UNIVERSITY OF IOWA

101 JESSUP HALL
IOWA CITY,IA52242 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

THE WESTERN THEOLOGICAL SEMINARY OF THE REFORMED CHURCH IN AMERICA

101 E 13TH ST
HOLLAND,MI49423 		N/A PC IMPLEMENT APDP 125,654

UNIVERSITY OF DAYTON

300 COLLEGE PARK
DAYTON,OH45469 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF DENVER

2199 S UNIVERSITY BLVD
DENVER,CO80208 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF MISSOURI

105 JESSE HALL
COLUMBIA,MO65211 		N/A GOV EMBEDDING EM INSTITUTIONALLY; SUPPORT THE CENTER FOR CHARACTER & CITIZENSHIP (CCC) 166,943

UNIVERSITY OF NEW HAVEN

300 BOSTON POST ROAD
WEST HAVEN,CT06516 		N/A PC EMBEDDING EM INSTITUTIONALLY 35,000

UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL

148 ROSENAU HALL CB 7431
CHAPEL HILL,NC27599 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE

9201 UNIVERSITY CITY BLVD
CHARLOTTE,NC28223 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF NOTRE DAME DU LAC

216 HESBURGH CENTER
NOTRE DAME,IN46556 		N/A PC TO FACILITATE THE CULTIVATION OF CHARACTER IN EDUCATION ACROSS DIVERSE FIELDS 500,000

UNIVERSITY OF PORTLAND

5000 N WILLAMETTE BLVD
PORTLAND,OR97203 		N/A PC EMBEDDING EM INSTITUTIONALLY 26,875

UNIVERSITY OF ST THOMAS

2115 SUMMIT AVENUE
SAINT PAUL,MN55105 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF THE PACIFIC

3601 PACIFIC AVE
STOCKTON,CA95211 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF TOLEDO

2801 BANCROFT ST
TOLEDO,OH43606 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

UNIVERSITY OF WASHINGTON

1410 NE CAMPUS PARKWAY
SEATTLE,WA98195 		N/A GOV EMBEDDING EM INSTITUTIONALLY 28,375

UW-PLATTEVILLE FOUNDATION INC

1 UNIVERSITY PLAZA
PLATTEVILLE,WI53818 		N/A PC EMBEDDING EM INSTITUTIONALLY 137,000

VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY

800 WASHINGTON STREET SW
BLACKSBURG,VA24061 		N/A GOV EMBEDDING EM INSTITUTIONALLY 10,000

WAKE FOREST UNIVERSITY

1834 WAKE FOREST ROAD
WINSTONSALEM,NC27106 		N/A PC EMBEDDING EM INSTITUTIONALLY; POST-DOC SUPPORT 2,211,875

WENTWORTH INSTITUTE OF TECHNOLOGY

550 HUNTINGTON AVENUE
BOSTON,MA02115 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

WESTERN NEW ENGLAND UNIVERSITY

1215 WILBRAHAM ROAD
SPRINGFIELD,MA01119 		N/A PC EMBEDDING EM INSTITUTIONALLY 50,000

WICHITA STATE UNIVERSITY

1845 FAIRMOUNT ST
WICHITA,KS67260 		N/A GOV EMBEDDING EM INSTITUTIONALLY 25,000

WINDRIDER INSTITUTE INC

PO BOX 1640
EAGLE,ID83616 		N/A POF SUPPORT FOR 2024 WINDRIDER FORUM 650,000

WISCONSIN INSTITUTE FOR LAW & LIBERTY INC

330 E KILBOURN SUITE 725
MILWAUKEE,WI53202 		N/A PC GENERAL OPERATING SUPPORT 500,000

WORCESTER POLYTECHNIC INSTITUTE

100 INSTITUTE ROAD WASHBURN 216 C
WORCESTER,MA01609 		N/A PC EMBEDDING EM INSTITUTIONALLY 25,000

YES EVERY KID FOUNDATION

1320 N COURTHOUSE RD STE 400
ARLINGTON,VA22201 		N/A PC TO SUPPORT FUTURE IMPLEMENTATION STRATEGY 302,500
Total .................................right arrow 3a 66,528,519
bApproved for future payment

ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY
300 E UNIVERSITY DR
TEMPE,AZ85281 		  PC EMBEDDING EM AND PI INSTITUTIONALLY 15,400,000

BELMONT UNIVERSITY
1900 BELMONT BLVD
NASHVILLE,TN37212 		  PC CHARACTER INTEGRATION 3,000,000

BES INC
131 DARTMOUTH ST FLOOR 3
BOSTON,MA02116 		  PC EMBED VIRTUE ETHICS CHARACTER ACROSS LEADERSHIP PROGRAMS 1,140,000

BRITISH SCHOOLS AND UNIVERSITIES FOUNDATION INC
575 MADISON AVE STE 1006
NEW YORK,NY10022 		  PC CHARACTER INITIATIVE; DEVELOPMENT OF CHARACTER VIRTUES 3,587,060

CHARTER FUND INC
1390 LAWRENCE STREET SUITE 200
DENVER,CO80204 		  PC IMPACT-CHARACTER-CTE INTEGRATION 21,600,000

GRAND CANYON UNIVERSITY
3300 W CAMELBACK RD
PHOENIX,AZ85017 		  PC EMBEDDING EM INSTITUTIONALLY; IMPLEMENT APDP 1,591,000

GREATHEARTS FOUNDATION
4801 EAST WASHINGTON ST STE 250
PHOENIX,AZ85034 		  SO NETWORK EXPANSION AND PROGRAMMING SUPPORT 3,000,000

IN MEDIAS RES
3 UNIVERSITY CIR
CHARLOTTESVILLE,VA22903 		  PC SUPPORT FOUR ONGOING INITIATIVES 899,220

LIPSCOMB UNIVERSITY
ONE UNIVERSITY PARK DRIVE
NASHVILLE,TN37204 		  PC IMPLEMENT APDP 597,000

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC
52 VANDERBILT AVE 201
NEW YORK,NY10017 		  PC PROGRAM FOR COLLEGE AND UNIVERSITY BOARDS 150,000

MILWAUKEE SCHOOL OF ENGINEERING
1025 NORTH BROADWAY
MILWAUKEE,WI52303 		  PC EMBEDDING EM INSTITUTIONALLY 20,000,000

MTF FUND
10901 LOWELL AVE STE 130
OVERLAND PARK,KS66210 		  SO ONGOING OPERATIONAL SUPPORT 36,141,800

NORTHWEST NAZARENE UNIVERSITY INC
623 S UNIVERSITY BLVD
NAMPA,ID83686 		  PC IMPLEMENT APDP 98,000

OHIO STATE UNIVERSITY FOUNDATION
281 W LANE AVE
COLUMBUS,OH43210 		  PC EMBEDDING EM INSTITUTIONALLY 740,000

PARENT CHOICE INC
350 BISHOPS WAY STE 104
BROOKFIELD,WI53005 		  SO OPERATING EXPENSE 487,324

PBS FOUNDATION
2100 CRYSTAL DRIVE
ARLINGTON,VA22202 		  SO DEVELOPMENT AND PROMOTION OF KEN BURNS FILM 3,500,000

PRESIDENT AND FELLOWS OF HARVARD COLLEGE
PO BOX 415649
BOSTON,MA02251 		  PC HUMAN FLOURISHING PROGRAM CAPACITY; PILOT TO ADDRESS ETHICS AND CHARACTER ON CAMPUS 1,426,000

TEXAS TECH FOUNDATION INC
BOX 45025
LUBBOCK,TX79409 		  PC SUPPORT LEADER AND CULTURE DEVELOPMENT TEAM 458,000

THE ASPEN INSTITUTE INC
2300 N STREET SUITE 700
WASHINGTON,DC20037 		  PC LAUNCH THE DIGITAL LEADERSHIP DEVELOPMENT INDEX ASSESSMENT TOOL 7,884,900

THE MEDICAL COLLEGE OF WISCONSIN INC
8701 WATERTOWN PLANK ROAD
MILWAUKEE,WI53226 		  PC KERN INSTITUTE - MCW - NATIONAL TRANSFORMATION NETWORK 35,000,000

THE WESTERN THEOLOGICAL SEMINARY OF THE REFORMED CHURCH IN AMERICA
101 E 13TH ST
HOLLAND,MI49423 		  PC IMPLEMENT APDP 251,308

UNIVERSITY OF NOTRE DAME DU LAC
216 HESBURGH CENTER
NOTRE DAME,IN46556 		  PC SUPPORT VITUES & VOCATIONS 500,000

WAKE FOREST UNIVERSITY
1834 WAKE FOREST ROAD
WINSTONSALEM,NC27106 		  PC EMBEDDING EM INSTITUTIONALLY; POST-DOC SUPPORT 2,193,000
Total ................................. right arrow 3b 159,644,612
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 8,684,791  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		900099 141,021 18 37,149,432  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME 		900099 -399,673 14 7,323,917  
bPRIOR YEAR GRANT REFUND         29,763
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -258,652 53,158,140 29,763
13Total. Add line 12, columns (b), (d), and (e)..................
13
52,929,251
(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.)
11B PRIOR YEAR GRANT REFUND
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 ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 53,267 26,634   26,634

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

TY 2024 ExpenditureResponsibilityStmt
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
WINDRIDER INSTITUTE INC
  		PO BOX 1640
EAGLE,ID83616 		2024-01-19 50,000 SUPPORT FOR 2024 WINDRIDER FORUM 50,000 NONE 10/24/25 2025-10-24 FURTHER VERIFICATION NOT REQUIRED. THE FOUNDATION ACCEPTS THE RESULTS OF THE GRANTEE REPORTING.
WINDRIDER INSTITUTE INC
  		PO BOX 1640
EAGLE,ID83616 		2024-11-29 600,000 SUPPORT 2024 WINDRIDER FORUM 200,000 NONE 10/15/25 2025-10-15 FURTHER VERIFICATION NOT REQUIRED. THE FOUNDATION ACCEPTS THE RESULTS OF THE GRANTEE REPORTING.

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Name of Bond End of Year Book Value End of Year Fair Market Value
LORD ABBETT HIGH YIELD FUND 10,322,061 10,322,061
BAIRD ADVISORS 66,585,755 66,585,755

TY 2024 InvestmentsCorpStockSchedule
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Name of Stock End of Year Book Value End of Year Fair Market Value
FMI INTERNATIONAL 35,833,707 35,833,707
FIDUCIARY MANAGEMENT 62,980,707 62,980,707
ACADIAN ASSET MANAGEMENT 44,722,852 44,722,852
SBH SMALL CAP CORE FUND 11,158,267 11,158,267
VANGUARD S&P 500 INDEX 64,968,085 64,968,085
FRED ALGER 83,792,421 83,792,421
ISHARES MSCI EAFE INTL INDEX FUND 26,172,135 26,172,135
GS GQG PARTNERS INTL OPPS FUND 32,615,138 32,615,138

TY 2024 InvestmentsOtherSchedule2
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ANGELO GORDON ENERGY FMV 79,665 79,665
CRESCENT PRIVATE CREDIT PARTNERS FMV 15,138,046 15,138,046
SUMMIT PARTNERS CREDIT FMV 7,475,552 7,475,552
RREEF INSTITUTIONAL FMV 13,332,043 13,332,043
PARAMETRIC FMV 49,701,922 49,701,922
PRISA III FMV 32,452,493 32,452,493
PORTFOLIO ADVISORS FMV 3,862,052 3,862,052
NIS FMV 33,183,370 33,183,370
CLAIRION LION PROPERTIES FUND FMV 18,345,631 18,345,631
PRUDENTIAL CAPITAL PARTNERS FMV 37,653,308 37,653,308
PIMCO TACTICAL OPPORTUNITIES FMV 38,314,758 38,314,758
ARTEMIS REAL ESTATE PARTNERS FMV 10,278,141 10,278,141
CCMP CAPITAL INVESTORS FMV 8,964,366 8,964,366
PENNYBACKER VI LP FMV 4,421,055 4,421,055
HIGHVISTA PRIVATE EQUITY FMV 117,750,909 117,750,909

TY 2024 LegalFeesSchedule
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 23,725 0   22,997


TY 2024 OtherExpensesSchedule
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK SERVICE CHARGES 6,946 0   6,946
COMPUTER TECHNOLOGY 78,303 0   78,303
DUES & SUBSCRIPTIONS 10,434 0   10,434
FURNITURE 4,416 0   4,416
RECRUITMENT EXPENSES 6,021 0   6,021
MEMORIALS/MISC 0 0   0
OFFICE SUPPLIES 6,371 0   6,371
POSTAGE & DELIVERY 177 0   177
KEEN DIGITAL ENGAGEMENT PLATFORM (DCA) 1,119,650 0   1,119,650
KEEN FACULTY DEVELOPMENT (DCA) 1,652,474 0   1,652,474
FRANKLINCOVEY CLIENT SALES INC. (DCA) 14,638,889 0   14,638,889


TY 2024 OtherIncomeSchedule2
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 6,924,244 7,323,917 6,924,244
PRIOR YEAR GRANT REFUND 29,763   29,763


TY 2024 OtherIncreasesSchedule
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Description Amount
UNREALIZED GAIN/LOSS 39,498,058


TY 2024 OtherProfessionalFeesSchedule
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AARON JAGDFELD - INVESTMENT CONSULTING 1,500 1,500   0
ACADIAN - INVESTMENT ADVISORY SERVICES 142,911 142,911   0
ARTEMIS - INVESTMENT CONSULTING 405,279 405,279   0
BAKER TILLY WEALTH MANAGEMENT - CONSULTING 12,500 0   12,500
BANK OF AMERICA - CUSTODY SERVICES 129,375 129,375   0
BETTER PARTNERS, LLC - CONSULTING 506 0   506
CLARION LION - INVESTMENT ADVISORY SERVICES 181,147 181,147   0
FIDUCIARY MANAGEMENT - INVESTMENT ADVISORY SERVICES 327,534 327,534   0
FRED ALGER - INVESTMENT ADVISORY SERVICES 421,254 421,254   0
GARY LATO - INVESTMENT CONSULTING 2,000 2,000   0
JAMES ARTHUR - CONSULTING 197,903 0   197,903
MARQUETTE ASSOCIATES - INVESTMENT ADVISORY SERVICES 224,000 224,000   0
NIS - INVESTMENT ADVISORY SERVICES 151,151 151,151   0
PARAMETRIC - INVESTMENT ADVISORY SERVICES 160,945 160,945   0
PENNYBACKER - INVESTMENT ADVISORY SERVICES 475,274 475,274   0
PIMCO - INVESTMENT CONSULTING 346,515 346,515   0
PRISA III - INVESTMENT ADVISORY SERVICES 422,618 422,618   0
PRUDENTIAL REAL ESTATE - INVESTMENT ADVISORY SERVICES 426,772 426,772   0
RREEF - INVESTMENT ADVISORY SERVICES 140,793 140,793   0
SHARON KOENINGS - CONSULTING 48,000 0   0
WARREN PIERSON - INVESTMENT CONSULTING 1,500 1,500   0


TY 2024 TaxesSchedule
Name:
THE ROBERT D AND PATRICIA E KERN
 
FAMILY FOUNDATION INC
EIN:
39-1923558
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX PAYMENT 418,391 0   0
STATE INCOME TAX PAYMENT 272 0   0
FOREIGN TAXES 101,735 101,735   0