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
Dorrance Family Foundation
 
% BENNETT DORRANCE
Number and street (or P.O. box number if mail is not delivered to street address)6263 N Scottsdale Rd Suite 330
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Scottsdale, AZ85250
A Employer identification number

86-0691863
B Telephone number (see instructions)

(480) 367-7000
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$111,252,928J 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) 25,851,458
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 389,077 2,762,274  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,422,456
b Gross sales price for all assets on line 6a 31,623,916
7 Capital gain net income (from Part IV, line 2)... 14,327,442
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
1,429,278 8,351,524  
12 Total. Add lines 1 through 11........ 36,092,269 25,441,240  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 284,917     284,917
14 Other employee salaries and wages...... 58,428     58,428
15 Pension plans, employee benefits....... 68,073     68,073
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
8,779 0 0 8,779
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
17,000 8,500 0 8,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
310,303 310,303    
17 Interest............... 59,633 59,633    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
479,759 82,803    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 27,013     27,013
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
39,218     39,218
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,353,123 461,239 0 494,928
25 Contributions, gifts, grants paid....... 5,612,949 5,612,949
26 Total expenses and disbursements. Add lines 24 and 25 6,966,072 461,239 0 6,107,877
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 29,126,197
b Net investment income (if negative, enter -0-) 24,980,001
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,926,005 1,144,476 1,144,476
2 Savings and temporary cash investments.........      
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.......... 350 300 300
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,344,929 Click to see attachment
List of Attached Documents:
// Content
1,302,929 		1,302,929
c Investments—corporate bonds (attach schedule).......      
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).......... 78,125,446 Click to see attachment
List of Attached Documents:
// Content
108,805,223 		108,805,223
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) 82,396,730 111,252,928 111,252,928
Liabilities 17 Accounts payable and accrued expenses.......... 1,487 5,201
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 11,790  
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 13,277 5,201
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 82,383,453 111,247,727
29 Total net assets or fund balances (see instructions)..... 82,383,453 111,247,727
30 Total liabilities and net assets/fund balances (see instructions). 82,396,730 111,252,928
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
82,383,453
2
Enter amount from Part I, line 27a .....................
2
29,126,197
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
250
4
Add lines 1, 2, and 3 ..........................
4
111,509,900
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
262,173
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
111,247,727
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 PUBLICLY TRADED SECURITIES      
c TOTAL SHORT-TERM FROM PARTNERSHIPS GAIN OR LOSS      
d TOTAL LONG TERM FROM PARTNERSHIPS GAIN OR LOSS      
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 9,004,443   8,834,282 170,161
b 16,714,487   8,462,192 8,252,295
c 402,895     402,895
d 5,502,091     5,502,091
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       170,161
b       8,252,295
c       402,895
d       5,502,091
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 14,327,442
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) 1 347,222
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 347,222
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 347,222
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 378,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 448,000
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 1,342
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 99,436
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow99,436 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? Click to see list of attachments
List of Attached Documents:
// Content
....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see list of attachments
List of Attached Documents:
// Content
....
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.Click to see list of attachments
List of Attached Documents:
// Content
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 arrowAZ
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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.dorrancefamilyfoundation.org
14
The books are in care ofright arrowBENNETT DORRANCE Telephone no.right arrow (480) 367-7000

Located atright arrow6263 N SCOTTSDALE RD SUITE 330ScottsdaleAZ ZIP+4right arrow85250
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
Yes
 
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
 
No
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
BENNETT DORRANCE TREASURER
2.0 		0 0 0
6263 N SCOTTSDALE ROAD STE 330
SCOTTSDALE,AZ85250
JACQUELYNN W DORRANCE SECRETARY
2.0 		0 0 0
6263 N SCOTTSDALE ROAD STE 330
SCOTTSDALE,AZ85250
BENNETT DORRANCE JR PRESIDENT
2.0 		0 0 0
6263 N SCOTTSDALE ROAD STE 330
SCOTTSDALE,AZ85250
ASHLEY DORRANCE KAPLAN VICE PRESIDENT
2.0 		0 0 0
6263 N SCOTTSDALE ROAD STE 330
SCOTTSDALE,AZ85250
CARRIE OSTROSKI EXECUTIVE DIRECTOR
40.0 		284,917 30,500 0
6263 N SCOTTSDALE ROAD STE 330
SCOTTSDALE,AZ85250
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
SERENA FUKUSHIMA 0
40.0 		58,428 0 0
PO BOX 1057
KULA,HI96790
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
DFE ALTERNATIVE INVESTMENTS LLC MANAGEMENT FEES 85,380
6263 NORTH SCOTTSDALE ROAD STE330
SCOTTSDALE,AZ85250
DFE PRIVATE EQUITY INVESTMENTS LLC MANAGEMENT FEES 76,125
6263 NORTH SCOTTSDALE ROAD STE 33
SCOTTSDALE,AZ85250
DFE ASSET MANAGEMENT LLC MANAGEMENT FEES 121,488
6263 NORTH SCOTTSDALE ROAD STE 33
SCOTTSDALE,AZ85250
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
1,485,736
b
Average of monthly cash balances.......................
1b
6,494,960
c
Fair market value of all other assets (see instructions)................
1c
97,333,713
d
Total (add lines 1a, b, and c).........................
1d
105,314,409
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
105,314,409
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,579,716
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
103,734,693
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,186,735
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
5,186,735
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
347,222
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
347,222
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,839,513
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
4,839,513
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,839,513
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
6,107,877
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,107,877
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 4,839,513
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:2022, 2021, 2020  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 1,868,817
b From 2020...... 1,204,607
c From 2021...... 2,408,188
d From 2022...... 1,340,592
e From 2023...... 898,400
f Total of lines 3a through e ........ 7,720,604
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 6,107,877
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 4,839,513
e Remaining amount distributed out of corpus 1,268,364
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 8,988,968
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		1,868,817
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		7,120,151
10 Analysis of line 9:
a Excess from 2020.... 1,204,607
b Excess from 2021.... 2,408,188
c Excess from 2022.... 1,340,592
d Excess from 2023.... 898,400
e Excess from 2024.... 1,268,364
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).)
BENNETT DORRANCE
JACQUELYNN W DORRANCE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
DORRANCE FAMILY FOUNDATION
6263 NORTH SCOTTSDALE RD STE 330
SCOTTSDALE,AZ85250
(480) 367-7000
bThe form in which applications should be submitted and information and materials they should include:
Applicants apply for grants on www.DorranceFamilyFoundation.org. A letter of inquiry is submitted through the online process. The Foundation accepts grants only for charitable, education, or scientific purposes from tax-exempt, 501(c)(3) organizations in Southern California and the Island of Hawai'i.
cAny submission deadlines:
No deadline for local grantmaking. 1/1/2026 - 9/15/2026 for Marine Conservation Initiative.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The Dorrance Family Foundation meets an average of 2-3 times a year to review and award grants to qualified organizations engaging primarily with the Foundation's mission areas of education and natural resource conservation or local interests. Dorrance Family Foundation's geographic focus are Southern California and the Island of Hawai'i.
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

Akaka Foundation for Tropical Forests

60 NOWELO ST
HILO,HI96720 		  PC To support Kaiaulu Pu'u wa'a wa'a - Community Based Forest Area 50,000

American Bird Conservancy

8255 E MAIN STREET D E
MARSHALL,VA20115 		  PC To support Protecting the Critically Endangered Palila & Advancing Birds, Not Mosquitoes 75,000

Angel Flight West Inc

3161 DONALD DOUGLAS LOOP SOUTH
SANTA MONICA,CA90405 		  PC To support Southern California Programs 30,000

Aquarium of the Pacific

100 AQUARIUM WAY
LONG BEACH,CA90802 		  PC To support Marine Species Report Card (MSRC) and White Abalone Recovery 100,000

Arizona Science Center

600 E WASHINGTON
PHOENIX,AZ85004 		  PC To support COSM Project 50,000

Arizona State University Foundation

PO BOX 2260
TEMPE,AZ85281 		  PC To support ASU's West Hawaii Reef Restoration 1,000,000

Baby2Baby

5830 W Jefferson Blvd
LOS ANGELES,CA90016 		  PC To support general operations 25,000

Barrow Neurological Foundation

2910 N 3RD AVE
STE 450
PHOENIX,AZ85013 		  PC Underwriting Barrow Grand Ball 5,000

Barrow Neurological Foundation

2910 N 3RD AVE
STE 450
PHOENIX,AL85013 		  PC To support Barrow Women's Board general operations 25,000

California Trout

435 PACIFIC AVE 200
SAN FRANCISCO,CA94133 		  PC To support innovative technology and collaborative outreach to advance restoration outcomes 25,000

California Trout

435 PACIFIC AVE 200
SAN FRANCISCO,CA94133 		  PC To support Malibu Creek Ecosystem Restoration 3,500

California Trout

435 PACIFIC AVE 200
SAN FRANCISCO,CA94133 		  PC To support costs associated with Buena Vista Lagoon 1,500

CatSnip Hawaii

PO BOX 87
KAPAAU,HI967550087 		  PC To support general operations 1,000

Feed Hawaii

PO Box 531
HAWI,HI96719 		  PC To support Kohala Food Hub general operations 50,000

Foothill Family

2500 EAST FOOTHILL BLVD 300
PASADENA,CA91107 		  PC To support Early Childhood Mental Health Services 50,000

Fresh Start Women's Foundation

1130 E MCDOWELL ROAD
PHOENIX,AZ85006 		  PC To support general operations 25,000

Friends of Rose Canyon

6804 FISK AVEUE
SAN DIEGO,CA92122 		  PC To support Re-oaking Rose Canyon: Habitat Restoration and Community Engagement 56,000

Habitat for Humanity Hawaii Island

PO BOX 4619
KAILUAKONA,HI96745 		  PC To support general operations 2,500

Hawaii Community Foundation

827 FORT STREET MALL
HONOLULU,HI968132817 		  PC To support Holomua Marine Initiative: Restoring Abundance to Hawai'i Marine Waters 150,000

Hawaii Forest Institute

PO BOX 66
OOKALA,HI96774 		  PC To support Keauhou Bird Conservation Center Discovery Forest 20,000

Hawaii Institute of Pacific Agriculture

PO Box 497
KAPAAU,HI96755 		  PC To support Advancing Workforce Development through Sustainable Agriculture Training 50,000

Hawaii Island Humane Society

78-6767 MAMALAHOA WAY
HOLUALOA,HI96725 		  PC To support general operations 5,000

Hawai'i Public Radio

738 KAHEKA STREET
HONOLULU,HI96814 		  PC To support general operations and The World 763

Honolulu Civil Beat

3650 WAIALAE AVENUE 200
HONOLULU,HI96816 		  PC To support Hawaii Island Environmental Reporting Initiative 2025 25,000

Huntington Beach Wetlands Conservancy

PO BOX 5903
HUNTINGTON BEACH,CA92615 		  PC To support general operations 25,000

Hawaii Wildlife Center

PO BOX 551752
KAPAAU,HI96755 		  PC To support Hospital and Rehabilitative Care for Native Winged Wildlife 25,000

Kahua Pa'a Mua

PO BOX 869
KAPAAU,HI96755 		  PC To support student and community programs, and related personnel, crop, and animal expenses 35,000

Kalanihale

89-1196 MAMALAHOA HWY
CAPITAN COOK,HI96704 		  PC To support Malama Miloli'i a Mahua 100,500

Kawaihae Canoe Club

PO BOX 1087
KAMUELA,HI96743 		  PC To support the new concrete base and tent infrastructure for mission related events and activities 15,000

Kukio Hoomana Fund

PO BOX 5380
KAILUA KONA,HI96745 		  PC To support Kuki'o Ho'omana Fund, restricted to the Kukio Community Fund 25,000

LightHawk

PO BOX 2751
GRAND JUNCTION,CO81502 		  PC To support Advancing Recovery for the Pacific's Endangered White Abalone 25,000

Literary And Prologue Society of the Southwest

4980 S ALMA SCHOOL ROAD STE A-510
CHANDLER,AZ85248 		  PC To support general operations 5,000

Live Like Roo Foundation

5830 NORTH MELVINA
CHICAGO,IL606460000 		  PC To support general operations 250

Lua Inc

PO Box 1396
Kailua,HI96734 		  PC To support general operations 5,000

Marine Mammal Care Center Los Angeles

3601 S GAFFEY STREET 8
SAN PEDRO,CA90731 		  PC To support general operations 2,000

Marine Mammal Care Center Los Angeles

3601 S GAFFEY STREET 8
SAN PEDRO,CA90731 		  PC To support Marine Mammal Stranding Response and Rehabilitation in Los Angeles County 30,000

Marine Mammal Center

3601 S GAFFEY STREET 8
SAN PEDRO,CA90731 		  PC To support Hawaiian Monk Survival Post-Release Survival Success Study 67,141

Mini Therapy Horses

26500 AGOURA ROAD 120-460
CALABASAS,CA91302 		  PC To support general operations 65,000

MISS Foundation

PO BOX 9195
AUSTIN,TX78766 		  PC To support Selah Carefarm, in support of the clinical director and program operations 10,000

Na Kalai Wa'a

PO BOX 748
KAMUELA,HI96743 		  PC To support Holokai Education Program 130,000

National Audubon Society

PO Box 2652
LAGUNA HILLS,CA92637 		  PC To support Protecting and Conserving Coastal Lagoon Habitat in Southern California 545,000

National Audubon Society

PO Box 2652
LAGUNA HILLS,CA92637 		  PC To support costs associated with the Buena Vista Lagoon 2,500

National Disaster Search Dog Foundation

6800 WHEELER CANYON ROAD
SANTA PAULA,CA93060 		  PC To support Preparing Canine Search Teams for Rescue Missions 25,000

National Wildlife Refuge Association

1701 K STREET NW SUITE 550
WASHINGTON,DC20006 		  PC To support Southern California Urban Refuge Program 75,000

North Kohala Community Resource Center

PO BOX 519
HAWI,HI96719 		  PC To support Kohala Cares 32,000

North Kohala Community Resource Center

PO BOX 519
HAWI,HI96719 		  PC To support Kohala Radio 10,000

North Kohala Community Resource Center

PO BOX 519
HAWI,HI96719 		  PC To support Malama Pono Discovery Garden 15,000

North Kohala Community Resource Center

PO BOX 519
HAWI,HI96719 		  PC To support Resiliency Positions 124,836

North Kohala Tool Library

PO BOX 248
KAPAAU,HI967550000 		  PC To support North Kohala Tool Library 10,000

Northern Chumash Tribal Council

PO BOX 6533
LOS OSOS,CA93412 		  PC To support Chumash Heritage National Marine Sanctuary 200,000

Northern Chumash Tribal Council

PO BOX 6533
LOS OSOS,CA93412 		  PC To support the National Marine Sanctuary planning and outreach 1,500

notMYkid

5310 E SHEA BLVD
SCOTTSDALE,AZ85254 		  PC To support general operations 50,000

Ocean Defenders Alliance

19744 BEACH BLVD BOX 446
HUNTINGTON BEACH,CA92648 		  PC To support marine debris removal in Hawaii and California 100,000

Orange County Coastkeeper

3151 AIRWAY AVE STE F110
COSTA MESA,CA92626 		  PC To support Seal Beach National Wildlife Refuge Living Shorelines Project 54,720

Parker School

65-1224 LINDSEY ROAD
KAMUELA,HI96743 		  PC To support general operations 15,000

Pencils of Promise Inc

1115 BROADWAY 1157
NEW YORK,NY10010 		  PC To support general operations 250

Resources Legacy Fund

555 CAPITOL MALL 1095
SACRAMENTO,CA95814 		  PC To support reducing pollution and protecting herbivores to restore West Hawai'i reefs 150,000

San Diego Coastkeeper

3900 CLEVELAND AVE APT 102
SAN DIEGO,CA92103 		  PC To support Protecting and Restoring Mission Bay's Coastal Resources 169,000

Sequoia Parks Conservancy

47050 GENERALS HIGHWAY UNIT 10
THREE RIVERS,CA93271 		  PC To support general operating in areas of greatest need 105,000

Seven Arrows Elementary School

15240 LA CRUZ DRIVE
PACIFIC PALISADES,CA90272 		  PC To support Aldersgate Campus Acquisition Capital Campaign 87,000

Seven Arrows Elementary School

15240 LA CRUZ DRIVE
PACIFIC PALISADES,CA90272 		  PC To support general operations 17,000

Sullivan Canyon Preservation Association

321 SOUTH BEVERLY DRIVE
BEVERLY HILLS,CA90212 		  PC To support footing repair 10,000

Teammates for Kids Foundation

PO BOX 461315
DENVER,CO80201 		  PC To support Child Life Zone Phoenix Children's Hospital 164,476

The California Wildlife Center

PO BOX 2022
MALIBU,CA90265 		  PC To support Wildlife Technician Staffing 45,000

The Food Basket Inc

40 HOLOMUA STREET
HILO,HI967203050 		  PC To support "We Got Your Back" Keiki Backpack program 10,000

The Kohala Center

PO BOX 437462
KAMUELA,HI96743 		  PC To support coastal and watershed restoration and regeneration work in West Hawaii 2,000

The Kohala Center

PO BOX 437462
KAMUELA,HI96743 		  PC To support I Pono Ke Kuamo'o: revitalizing ridge to reef paths to viable 'aina work 377,738

The Matthew Silverman Memorial Foundation

324 S BEVERLY DR 411
BEVERLY HILLS,CA90212 		  PC Underwriting and general operating 1,500

The Multiple Myeloma Research Foundation

1105 WILSON
RICHLAND,WA99354 		  PC To support Multiple Myeloma Research Foundation, Inc. 523

The Trust for Public Land

23 GEARY STREET 1000
SAN FRANCISCO,CA94108 		  PC To support Protecting 'Anaeho'omalu Kapalaoa 100,000

University of Hawaii Foundation

1810 UNIVERSITY AENUE SUITE 300
HONOLULU,HI96822 		  PC To support The North Kohala Resilience Project at Hawai'i Community College 25,000

Venice Family Clinic

604 ROSE AVENUE
VENICE,CA90291 		  PC To support Pediatric Mental Health South Bay Expansion 40,000

Vibrant Hawaii

230 KEKUANAOA STREET
HILO,HI96720 		  PC To support general operations 10,000

WAIORG INC

2927 HIBISCUS PL
HONOLULU,HI96815 		  PC To support Reducing Pollution to Restore West Hawai'i Reefs 75,752

Wetlands and Wildlife Care Center

21900 PACIFIC COAST HIGHWAY
HUNTINGTON BEACH,CA92646 		  PC To support Capacity Building Grant to Support Medical Staff 25,000

WILDCOAST

2120 JIMMY DURANTE BLVD STE 106
DEL MAR,CA92014 		  PC To support Mission Bay Coastal and Marine Ecosystem Conservation 500,000

WILDCOAST

2120 JIMMY DURANTE BLVD STE 106
DEL MAR,CA92014 		  PC General operating toward work at Tecolote Canyon 2,000

Young Life

420 N CASCADE AVENUE
COLORADO SPRINGS,CO80903 		  PC To support general operations 45,000
Total .................................right arrow 3a 5,612,949
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 389,077  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 8,422,456  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME 		900001 14,540 14 1,414,738  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 14,540 10,226,271  
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,240,811
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
Dorrance Family Foundation
 
Employer identification number

86-0691863
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
Dorrance Family Foundation
  		Employer identification number
86-0691863
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Bennett Dorrance Sr
6263 N SCOTTSDALE ROAD STE 330
 
Scottsdale, AZ85250

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Bennett Dorrance Sr
6263 N SCOTTSDALE ROAD STE 330
 
Scottsdale, AZ85250

$ 10,768,899


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
Bennett Dorrance Sr
6263 N SCOTTSDALE ROAD STE 330
 
Scottsdale, AZ85250

$ 5,505,737


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
Bennett Dorrance Sr
6263 N SCOTTSDALE ROAD STE 330
 
Scottsdale, AZ85250

$ 1,534,200


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
Bennett Dorrance Sr
6263 N SCOTTSDALE ROAD STE 330
 
Scottsdale, AZ85250

$ 7,842,622


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
Dorrance Family Foundation
  		Employer identification number

86-0691863
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 SEE ATTACHED FOR STOCK CONTRIBUTIONS $ 10,768,899 2024-03-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 SEE ATTACHED FOR STOCK CONTRIBUTIONS $ 5,505,737 2024-11-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
4
 SEE ATTACHED FOR STOCK CONTRIBUTIONS $ 1,534,200 2024-11-21
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
5
 Transfer of Ownership from Bennett Dorrance Charitable Remainder Trust to Dorrance Family Foundation $ 7,842,622 2024-01-07
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
Dorrance Family Foundation
  		Employer identification number

86-0691863
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
Dorrance Family Foundation
EIN:
86-0691863
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 17,000 8,500   8,500

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

TY 2024 DepreciationSchedule
Name:
Dorrance Family Foundation
EIN:
86-0691863
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
Dorrance Family Foundation
EIN:
86-0691863
Statement:
THE ARIZONA DEPARTMENT OF REVENUE DOES NOT REQUIRE A COPY OF FORM 990-PF TO BE FILED.

TY 2024 InvestmentsCorpStockSchedule
Name:
Dorrance Family Foundation
EIN:
86-0691863
Name of Stock End of Year Book Value End of Year Fair Market Value
CAMPBELL SOUP COMPANY 1,302,929 1,302,929

TY 2024 InvestmentsOtherSchedule2
Name:
Dorrance Family Foundation
EIN:
86-0691863
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
DFE ALTERNATIVE INVESTMENTS FMV 15,554,297 15,554,297
DFE ASSET MANAGEMENT, LLC FMV 81,299,283 81,299,283
DFE PRIVATE EQUITY INVESTMENTS FMV 3,223,430 3,223,430
DFE PRIVATE ANNEX FUND I, LLC FMV 1,171,003 1,171,003
DFE PRIVATE ANNEX FUND II, LLC FMV 18,767 18,767
GUILLERMO INVESTMENTS FMV 7,538,443 7,538,443

TY 2024 LegalFeesSchedule
Name:
Dorrance Family Foundation
EIN:
86-0691863
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 8,779     8,779


TY 2024 OtherDecreasesSchedule
Name:
Dorrance Family Foundation
EIN:
86-0691863
Description Amount
TAX EXEMPT INCOME 49
TAX-EXEMPT INTEREST INCOME 1
UNREALIZED LOSS FROM INVESTMENTS 262,123


TY 2024 OtherExpensesSchedule
Name:
Dorrance Family Foundation
EIN:
86-0691863
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MEMBERSHIPS & SUBSCRIPTIONS 11,848     11,848
INSURANCE 485     485
UTILITIES - PHONE 2,710     2,710
LICENSES AND FEES 394     394
SOFTWARE LISCENSE EXPENSE 9,883     9,883
OFFICE EXPENSE 7,291     7,291
MILEAGE EXPENSES 590     590
PHILANTHROPHY EVENTS EXPENSES 874     874
OFFICE-MEALS&ENTERTAINMENT 5,143     5,143


TY 2024 OtherIncomeSchedule2
Name:
Dorrance Family Foundation
EIN:
86-0691863
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Income from Partnership Interests 1,429,278 8,351,524  


TY 2024 OtherIncreasesSchedule
Name:
Dorrance Family Foundation
EIN:
86-0691863
Description Amount
NON-DEDUCTIBLE EXPENSES FROM PASSTHROUGH 250


TY 2024 OtherProfessionalFeesSchedule
Name:
Dorrance Family Foundation
EIN:
86-0691863
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 310,303 310,303    


TY 2024 TaxesSchedule
Name:
Dorrance Family Foundation
EIN:
86-0691863
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 396,956      
FOREIGN TAXES 82,803 82,803