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
WALTER SCOTT FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10340 N 84TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OMAHA, NE681222216
A Employer identification number

47-1116371
B Telephone number (see instructions)

(402) 341-6000
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$3,091,944,658J 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) 911,347,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 30,300,080 30,300,080  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 201,885,965
b Gross sales price for all assets on line 6a 6,186,059,190
7 Capital gain net income (from Part IV, line 2)... 201,885,965
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
3,579,470 3,579,470  
12 Total. Add lines 1 through 11........ 1,147,113,015 235,765,515  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
11,232 0   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,350 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
3,438,899 2,938,899   500,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
722,691 58,773   0
19 Depreciation (attach schedule) and depletion... 151,237 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
921,641 0   921,642
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,261,050 2,997,672   1,421,642
25 Contributions, gifts, grants paid....... 46,261,034 46,261,034
26 Total expenses and disbursements. Add lines 24 and 25 51,522,084 2,997,672   47,682,676
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,095,590,931
b Net investment income (if negative, enter -0-) 232,767,843
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............. 176,155 88,768 88,768
2 Savings and temporary cash investments......... 66,391,521 1,792,537,194 1,798,173,164
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   100,000,450 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   237,475 237,475
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 885,674,605 Click to see attachment
List of Attached Documents:
// Content
101,531,820 		303,098,904
c Investments—corporate bonds (attach schedule)....... 371,299,378 Click to see attachment
List of Attached Documents:
// Content
755,313,690 		748,640,733
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).......... 151,272,145 Click to see attachment
List of Attached Documents:
// Content
180,394,829 		229,611,401
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,330,635 		Click to see attachment
List of Attached Documents:
// Content
4,179,398 		Click to see attachment
List of Attached Documents:
// Content
12,094,213
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,579,144,889 2,834,283,174 3,091,944,658
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,579,144,889 2,834,283,174
29 Total net assets or fund balances (see instructions)..... 1,579,144,889 2,834,283,174
30 Total liabilities and net assets/fund balances (see instructions). 1,579,144,889 2,834,283,174
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
1,579,144,889
2
Enter amount from Part I, line 27a .....................
2
1,095,590,931
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
167,418,000
4
Add lines 1, 2, and 3 ..........................
4
2,842,153,820
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
7,870,646
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,834,283,174
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
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 6,186,059,190   5,984,173,225 201,885,965
b
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       201,885,965
b
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 2 201,885,965
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 3,235,473
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 3,235,473
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 3,235,473
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 526,406
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,510,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,036,406
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 79,613
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 10 721,320
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow721,320 Refundedright arrow 11 0
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 arrowNE
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
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowCHRISTI ANNIN Telephone no.right arrow (402) 502-1122

Located atright arrow10340 NORTH 84TH STREETOMAHANE ZIP+4right arrow681222216
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MOGENS BAY CHAIRMAN
1.00 		0 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
GREG ABEL TRUSTEE
1.00 		0 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
MICKEY ANDERSON TRUSTEE
1.00 		0 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
CALVIN SISSON PRESIDENT & CEO
1.00 		28,498 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
RICH EAKIN VICE PRESIDENT
1.00 		9,061 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
CHRISTI ANNIN CFO
1.00 		9,551 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
KAREN DIXON TRUSTEE
1.00 		0 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
SANDRA PARKER TRUSTEE
1.00 		0 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
AMY SCOTT TRUSTEE
1.00 		0 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
W DAVID SCOTT TREASURER
1.00 		0 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
TOBIN SCHROPP TRUSTEE
1.00 		0 0 0
10340 NORTH 84TH STREET
OMAHA,NE681222216
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
BDT & MSD INVESTMENT SERVICES 1,173,334
401 N MICHIGAN AVENUE SUITE 3100
CHICAGO,IL60611
DOLAN MCENIRY INVESTMENT SERVICES 1,104,434
120 N LASALLE ST 1510
CHICAGO,IL60602
SUZANNE & WALTER SCOTT FOUNDATION SHARED SERVICE FEES 1,000,000
10340 N 84TH ST
OMAHA,NE68122
GROUNDSCAPES INC LAWN SERVICES 131,747
6065 N 261ST CIRCLE
VALLEY,NE68064
MICHAEL VAN VALKENBURGH ASSOCIATES INC CONSULTING SERVICES 124,511
231 CONCORD AVE
CAMBRIDGE,MA02138
Total number of others receiving over $50,000 for professional services.............right arrow7
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
1,920,028,182
b
Average of monthly cash balances.......................
1b
540,798,856
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,460,827,038
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
2,460,827,038
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
36,912,406
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,423,914,632
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
121,195,732
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
121,195,732
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,235,473
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,235,473
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
117,960,259
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
117,960,259
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
117,960,259
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
47,682,676
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
47,682,676
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 7 117,960,259
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......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 48,334,006
f Total of lines 3a through e ........ 48,334,006
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 47,682,676
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..... 47,682,676
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 48,334,006 48,334,006
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		21,943,577
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
KAREN DIXON
SANDRA PARKER
AMY SCOTT
W DAVID SCOTT
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

AIR FORCE MUSEUM FOUNDATION

1100 SPAATZ STREET PO BOX 1903
WRIGHTPATTERSON AFB,OH454331903 		  501(C)3 GENERAL OPERATING SUPPORT 10,000

AMERICAN ACADEMY OF DIPLOMACY

1200 18TH ST NW
WASHINGTON,DC200362506 		  501(C)(3) PROGRAM SUPPORT 11,000

ANIMAL RESCUE FUND OF THE HAMPTONS INC

124 DANIELS HOLE ROAD PO BOX 2616
EAST HAMPTON,NY11937 		  501(C)3 BOB SINGER 125,000

BEST FRIENDS PET ASSISTED THERAPY INC

PO BOX 595
SPRINGFIELD,OH45501 		  501(C)(3) NEXT GENERATION 5,000

BOYS AND GIRLS CLUB OF THE MIDLANDS

2610 HAMILTON ST
OMAHA,NE68131 		  501(C)(3) CAPITAL CAMPAIGN 500,000

BROWNELL TALBOT SCHOOL

400 N HAPPY HOLLOW BLVD
OMAHA,NE68132 		  501(C)(3) CAPITAL CAMPAIGN 9,000,000

CENTRAL COMMUNITY COLLEGE FOUNDATION

201 FOUNDATION PLACE SUITE 200
HASTINGS,NE689014014 		  501(C)(3) SCHOLARSHIPS 577,315

CHARLES E LAKIN HUMAN SERVICES CAMPUS FOUNDATION

N 16TH ST
COUNCIL BLUFFS,IA51501 		  501(C)(3) PROGRAM SUPPORT 500,000

CHILDREN'S HOSPITAL & MEDICAL CENTER FOUNDATION

8404 INDIAN HILLS DRIVE SUITE 650
OMAHA,NE681144113 		  501(C)(3) CAPITAL CAMPAIGN AND NEXT GENERATION 1,600,000

CHILDREN'S MERCY HOSPITAL

2401 GILLHAM RD
KANSAS CITY,MO641084619 		  501(C)3 GENERAL OPERATING SUPPORT 50,000

CITIZENS FOR A GREATER ORD NEBRASKA INC

3022 ASH ST
ORD,NE68862 		  501(C)3 ADVANCING NE COMMUNITIES 75,000

CITY OF BASSETT

308 E HWY 20 PO BOX 383
BASSETT,NE69210 		  GOVT ADVANCING NE COMMUNITIES 100,000

CITY OF BAYARD

445 MAIN STREET
BAYARD,NE69334 		  GOVT ADVANCING NE COMMUNITIES 15,000

CITY OF CHADRON

234 MAIN STREET PO BOX 390
CHADRON,NE69337 		  GOVT ADVANCING NE COMMUNITIES 75,000

CITY OF MCCOOK

505 WEST C STREET
MCCOOK,NE69001 		  GOVT ADVANCING NE COMMUNITIES 100,000

CITY OF MILFORD

402 1ST STREET
MILFORD,NE68405 		  GOVT ADVANCING NE COMMUNITIES 65,000

CITY OF NORTH PLATTE

211 W 3RD ST
NORTH PLATTE,NE69101 		  GOVT ADVANCING NE COMMUNITIES 100,000

CITY OF WOOD RIVER

108 W 10TH PO BOX 8
WOOD RIVER,NE68883 		  GOVT ADVANCING NE COMMUNITIES 100,000

COLORADO STATE UNIVERSITY FOUNDATION

410 UNIVERSITY SERVICES CENTER
FORT COLLINS,CO805239100 		  501(C)3 NEXT GENERATION 5,000

COMMUNITY INFORMATION TRUST

10050 REGENCY CIRCLE SUITE 101
OMAHA,NE68114 		  501(C)3 CAPITAL CAMPAIGN 5,000,000

COMPLETELY KIDS

2566 ST MARYS AVE
OMAHA,NE68105 		  501(C)3 NEXT GENERATION 10,000

COZAD COMMUNITY FOUNDATION

PO BOX 214 801 MERIDIAN
COZAD,NE69130 		  501(C)3 ADVANCING NE COMMUNITIES 75,000

CSU STRATA

2537 RESEARCH BLVD STE 200
FORT COLLINS,CO80526 		  501(C)3 PROGRAM SUPPORT 39,000

CUES

2207 WIRT
OMAHA,NE68110 		  501(C)3 NEXT GENERATION 30,000

E3 ELEVATING EDUCATION EVERYWHERE INC

11124 KINGSTON PIKE SUITE 119-169
KNOXVILLE,TN37934 		  501(C)3 GENERAL OPERATING SUPPORT 2,500

FIREFLY

830 N 14TH ST STE 201
COUNCIL BLUFFS,IA51501 		  501(C)3 NEXT GENERATION 5,000

GARFIELD COUNTY FRONTIER FAIR ASSOCIATION

PO BOX 711
BURWELL,NE68823 		  501(C)3 CAPITAL CAMPAIGN 250,000

HASTINGS COLLEGE FOUNDATION

710 N TURNER AVENUE
HASTINGS,NE68901 		  501(C)3 CAPITAL CAMPAIGN 3,000,000

HEART MINISTRY CENTER

2222 BINNEY STREET
OMAHA,NE68110 		  501(C)3 NEXT GENERATION 50,000

JOSLYN ART MUSEUM

2200 DODGE STREET
OMAHA,NE68102 		  501(C)(3) CAPITAL CAMPAIGN 3,000,000

KANEKO

1111 JONES STREET
OMAHA,NE68132 		  501(C)3 GENERAL OPERATING SUPPORT 250,000

KIDS MEALS INC

330 GARDEN OAKS BLVD
HOUSTON,TX77018 		  501(C)3 NEXT GENERATION 10,000

LAKE CUNNINGHAM DEVELOPMENT TRUST

10340 N 84TH STREET
OMAHA,NE68122 		  501(C)(3) CAPITAL CAMPAIGN 1,000,000

MASSACHUSETTS INSTITUTE OF TECH

77 MASSACHUSETTS AVE NE49-31
CAMBRIDGE,MA02139 		  501(C)(3) NEXT GENERATION 85,000

METROPOLITAN COMMUNITY COLLEGE FOUNDATION

PO BOX 3777
OMAHA,NE68103 		  501(C)(3) SCHOLARSHIPS 20,000

NASHVILLE COACHING COALITION

2416 21ST AVENUE SOUTH SUITE 203A
NASHVILLE,TN37212 		  501(C)(3) NEXT GENERATION 5,000

NEBRASKA BEEKEEPERS ASSOCIATION

1101 S M RD
AURORA,NE68818 		  501(C)3 NEXT GENERATION 5,000

NEBRASKA COMMUNITY FOUNDATION

PO BOX 83107
LINCOLN,NE68501 		  501(C)3 ADVANCING NE COMMUNITIES 10,000

NEBRASKA FFA FOUNDATION

203 AGRICULTURAL COMMUNICATIONS PO
BOX 94942
LINCOLN,NE68509 		  501(C)3 NEXT GENERATION 15,000

NEIGHBORGOOD

302 AMERICAN PKWY
PAPILLION,NE68046 		  501(C)3 NEXT GENERATION 50,000

NORTH SEA FIRE DEPARTMENT INC

PO BOX 209
WATERMILL,NY119769805 		  501(C)3 BOB SINGER 2,500

NORTHEAST COMMUNITY COLLEGE FOUNDATION

801 E BENJAMIN AVE
NORFOLK,NE68701 		  501(C)(3) SCHOLARSHIPS 568,342

NORTHSTAR FOUNDATION

4242 NORTH 49TH AVENUE
OMAHA,NE68104 		  501(C)3 NEXT GENERATION 55,000

OMAHA COMMUNITY FOUNDATION

1120 S 101 STREET SUITE 320
OMAHA,NE68124 		  501(C)3 PROGRAM SUPPORT 1,375,000

OMAHA COMMUNITY PLAYHOUSE

6915 CASS ST
OMAHA,NE68132 		  501(C)(3) CAPITAL CAMPAIGN 750,000

OMAHA ZOO FOUNDATION

3701 SOUTH 10TH STREET
OMAHA,NE68107 		  501(C)(3) CAPITAL CAMPAIGN 2,500,000

OPERATION BBQ RELIEF

22720 JOE HOLT PARKWAY
PECULIAR,MO64078 		  501(C)3 NEXT GENERATION 5,000

POLICE ATHLETICS FOR COMMUNITY ENGAGEMENT

5105 S 37TH ST
OMAHA,NE68107 		  501(C)(3) PROGRAM SUPPORT 100,000

PROJECT HARMONY

11949 Q STREET
OMAHA,NE68137 		  501(C)(3) PROGRAM SUPPORT 2,000,000

PROJECT HOPE

1220 19TH STREET NW SUITE 800
WASHINGTON,DC20036 		  501(C)3 NEXT GENERATION 5,000

RELEASE INC

4185 S 107TH AVENUE
OMAHA,NE68127 		  501(C)3 NEXT GENERATION 50,000

REPUBLIC OF SOUTH SUDAN LEADERS

3336 MANDERSON ST
OMAHA,NE68111 		  501(C)3 NEXT GENERATION 40,000

SANCTUARY AT HOMESTEAD

5413 N TIMBER CREEK DR
MILFORD,OH45150 		  501(C)3 NEXT GENERATION 5,000

SEAL FAMILY FOUNDATION

300 CARLSBAD VILLAGE DR SUITE
108A-361
CARLSBAD,CA920082990 		  501(C)(3) PROGRAM SUPPORT 105,000

SHARE GOOD

6825 PINE STREET
OMAHA,NE68106 		  501(C)(3) GENERAL OPERATING SUPPORT 500,000

SIMIC RECREATION ASSOCIATION

PO BOX 95
SUPERIOR,NE68978 		  501(C)3 ADVANCING NE COMMUNITIES 45,000

SINGER FOUNDATION

10340 N 84TH STREET
OMAHA,NE68122 		  501(C)(3) GENERAL OPERATING SUPPORT 1,000,000

SOUTHAMPTON FIRE DEPARTMENT

PO BOX 1435
SOUTHAMPTON,NY11969 		  PC GENERAL OPERATING SUPPORT 2,500

SOUTHAMPTON VILLAGE VOLUNTEER EMERGENCY AMBULANCE SERVICES INC

PO BOX 832
SOUTHAMPTON,NY11969 		  501(C)3 GENERAL OPERATING SUPPORT 2,500

SOUTHAMPTON VOLUNTEER AMBULANCE INC

PO BOX 27601
SOUTHAMPTON,NY11969 		  501(C)3 GENERAL OPERATING SUPPORT 2,500

SOUTHEAST COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

301 S 68TH ST PL 204
LINCOLN,NE68510 		  501(C)(3) CAPITAL CAMPAIGN AND SCHOLARSHIPS 1,041,877

SPRING HILL EDUCATION FOUNDATION

17640 W 199TH STREET
SPRING HILL,KS66083 		  501(C)3 NEXT GENERATION 10,000

ST MARTINS EPISCOPAL CHURCH

717 SAGE RD
HOUSTON,TX77056 		  501(C)(3) NEXT GENERATION 5,000

ST LOUIS CATHOLIC CHURCH

2102 N 23RD ST PO BOX 5040
WACO,TX76708 		  501(C)3 GENERAL OPERATING SUPPORT 5,000

STRATEGIC AIR COMMAND & AEROSPACE MUSEUM

28210 W PARK HWY
ASHLAND,NE680033525 		  501(C)(3) GENERAL OPERATING SUPPORT 1,500,000

SUZANNE & WALTER SCOTT FOUNDATION

10340 N 84TH STREET
OMAHA,NE68122 		  501(C)(3) OMAHA AWARD 1,500,000

TEAM RUBICON

5230 PACIFIC CONCOURSE DRIVE SUITE
200
LOS ANGELES,CA90045 		  501(C)3 NEXT GENERATION 15,000

THE BRAIN ANEURYSM FOUNDATION

269 HANOVER STREET BUILDING 3
HANOVER,MA02339 		  501(C)3 GENERAL OPERATING SUPPORT 50,000

THE COLLECTIVE FOR HOPE

8000 CHICAGO STREET
OMAHA,NE68114 		  501(C)3 NEXT GENERATION 15,000

THE HENRY FORD

20900 OAKWOOD BLVD
DEARBORN,MI481245029 		  501(C)3 GENERAL OPERATING SUPPORT 10,000

THE KINDNESS RANCH ANIMAL SANCTUARY

854 STATE HWY 270
HARTVILLE,WY82215 		  501(C)3 NEXT GENERATION 25,000

THE NATIONAL WWII MUSEUM INC

945 MAGAZINE ST
NEW ORLEANS,LA701303813 		  501(C)3 GENERAL OPERATING SUPPORT 5,000

THE SALVATION ARMY

10755 BURT STREET
OMAHA,NE68114 		  501(C)3 CAPITAL CAMPAIGN 2,500,000

TRINITY UNIVERSITY

ONE TRINITY PLACE
SAN ANTONIO,TX782127200 		  501(C)3 NEXT GENERATION 50,000

UNIVERSITY OF NEBRASKA FOUNDATION

1010 LINCOLN MALL SUITE 300
LINCOLN,NE68508 		  501(C)3 NEXT GENERATION, PROGRAM SUPPORT, AND SCHOLARSHIPS 1,726,000

URBAN RIVERS

1440 N KINGSBURY ST SUITE 006
CHICAGO,IL60642 		  501(C)3 NEXT GENERATION 5,000

WM KECK OBSERVATORY

65-1120 MAMALAHOA HWY
KAMUELA,HI96743 		  501(C)(3) PROGRAM SUPPORT 250,000

WESTSIDE COMMUNITY SCHOOLS FOUNDATION INC

1101 SOUTH 90TH STREET
OMAHA,NE68124 		  501(C)3 CAPITAL CAMPAIGN 2,510,000
Total .................................right arrow 3a 46,261,034
bApproved for future payment

COMMUNITY INFORMATION TRUST
10050 REGENCY CIRCLE SUITE 101
OMAHA,NE68114 		  501(C)(3) CAPITAL CAMPAIGN 10,000,000

LAKE CUNNINGHAM DEVELOPMENT TRUST
10340 N 84TH STREET
OMAHA,NE68122 		  501(C)(3) CAPITAL CAMPAIGN 2,000,000

NEIGHBORGOOD
302 AMERICAN PKWY
PAPILLION,NE68046 		  501(C)(3) NEXT GENERATION 50,000

NORTHSTAR FOUNDATION
4242 NORTH 49TH AVENUE
OMAHA,NE68104 		  501(C)(3) NEXT GENERATION 45,000

OMAHA ZOO FOUNDATION
3701 SOUTH 10TH STREET
OMAHA,NE68107 		  501(C)(3) CAPITAL CAMPAIGN 2,500,000

SHARE GOOD
6825 PINE STREET
OMAHA,NE68102 		  501(C)(3) GENERAL SUPPORT 500,000

SOUTHWEST IOWA NONPROFIT FOR COLLECTIVE IMPACT
18502 VINTON ST
OMAHA,NE68130 		  501(C)(3) CAPITAL CAMPAIGN 2,000,000

THE COLLECTIVE FOR HOPE
8000 CHICAGO STREET
OMAHA,NE68114 		  501(C)(3) NEXT GENERATION 30,000
Total ................................. right arrow 3b 17,125,000
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 30,300,080  
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 .....     18 3,579,470  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 201,885,965  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aGOLDENROD CAPITAL PARTNERS 		523000        
bWALTER SCOTT JR ADMIN TRUST 523000        
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 235,765,515 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
235,765,515
(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
WALTER SCOTT FAMILY FOUNDATION
 
Employer identification number

47-1116371
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
WALTER SCOTT FAMILY FOUNDATION
  		Employer identification number
47-1116371
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
WALTER SCOTT JR ADMIN TRUST
 
10340 N 84TH ST
 
OMAHA, NE68122

$ 4,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
WALTER SCOTT JR ADMIN TRUST
 
10340 N 84TH ST
 
OMAHA, NE68122

$ 906,847,500


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

$  


(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.)
(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
WALTER SCOTT FAMILY FOUNDATION
  		Employer identification number

47-1116371
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
 BHE STOCK $ 906,847,500 2024-09-23
(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
 
$    
(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
 
$    
(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
WALTER SCOTT FAMILY FOUNDATION
  		Employer identification number

47-1116371
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:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 15,350 0   0

TY 2024 InvestmentsCorpBondsSchedule
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Name of Bond End of Year Book Value End of Year Fair Market Value
AECOM 5.125 03/15/2027 8,048,038 7,347,778
ALTRIA GROUP INC 4.800 02/14/2029 6,858,782 6,692,266
AMERICAN TOWER CORP 4.000 06/01/2025 5,938,801 5,868,407
AT&T INC SR GLB 3.80% DUE 02/15/2027 1,770,974 1,559,901
AT T INC 4.100 02/15/2028 5,196,532 4,614,688
BAT CAP CORP SR NT 4.906 04/02/2030 2,733,665 2,851,929
BLOCK FINL LLC 2.500 07/15/2028 3,949,366 3,841,517
BLOCK FINL LLC CR 3.875 08/15/2030 4,014,638 4,133,427
BLOOMIN BRANDS INC OSI RESTA SER 144A 5.125 04/15/2029 9,849,101 9,104,526
BROADCOM CAYMAN SR GLBL NT 3.875% DUE 01/15/2027 4,784,717 4,956,353
BROADCOM INC SR GLBL NT 26 3.459 09/15/2026 2,953,664 3,016,475
CDW LLC CDW FIN CORP SR GLBL NT 3.25% DUE 02/15/2029 409,179 374,011
CDW LLC CDW FINANCE 4.250 04/01/2028 7,918,473 7,656,306
DAVITA INC SR SER 144A 4.625 06/01/2030 6,807,525 7,757,307
DISCOVERY COMMUNICATIONS 4.125 05/15/2029 859,379 872,052
DOLLAR TREE INC 4.000 05/15/2025 2,611,009 2,500,663
DOLLAR TREE INC 4.200 05/15/2028 5,823,365 5,493,394
ENCOMPASS HEALTH CORP 4.500 02/01/2028 8,487,032 7,961,555
EXPEDIA GROUP INC 3.250 02/15/2030 7,005,646 7,240,172
EXPEDIA INC 3.800 02/15/2028 738,352 772,736
GLOBAL PAYMENTS INC 2.650 02/15/2025 6,327,209 6,205,516
HCA INC 5.375 09/01/2026 633,410 598,791
HCA INC 5.625 09/01/2028 7,813,419 6,990,688
L BRANDS INC 7.500 06/15/2029 2,089,062 2,216,649
LAMAR MEDIA CORP 3.750 02/15/2028 8,075,867 7,531,391
MICROCHIP TECHNOLOGY INC 4.250 09/01/2025 7,421,801 7,190,744
MOLSON COORS BREWING CO 3.000 07/15/2026 8,414,261 8,041,196
MOTOROLA SOLUTIONS INC 4.600 02/23/2028 1,993,521 1,926,542
MOTOROLA SOLUTIONS INC 4.600 05/23/2029 4,194,171 4,207,028
NORDSTROM INC 4.250 08/01/2031 6,910,347 7,811,570
NORDSTROM INC 4.375 04/01/2030 1,524,637 1,693,308
OLIN CORP 5.625 08/01/2029 7,585,809 7,930,725
ORACLE CORP 6.250 11/09/2032 7,544,400 7,804,146
QORVO INC 4.375 10/15/2029 8,859,021 7,997,814
SBA COMMUNICATIONS CORP SER 144A 3.125 02/01/2029 7,031,822 6,948,523
SERVICE CORP INTL 4.625 12/15/2027 2,908,356 2,783,925
SERVICE CORP INTL 5.125 06/01/2029 4,982,667 4,533,658
SILGAN HOLDINGS INC 4.125 02/01/2028 8,605,322 8,061,901
SIRIUS XM RADIO INC SER 144A 5.500 07/01/2029 8,978,735 9,366,615
TELEFLEX INCORPORATED SR GLBL NT 4.625% DUE 11/15/2027 3,635,300 3,369,422
TELEFLEX INC SER 144A 4.250 06/01/2028 3,287,499 3,104,931
TEMPUR SEALY INTL SER 144A 4.000 04/15/2029 5,310,867 5,360,938
TENET HEALTHCARE CORP 6.125 10/01/2028 4,147,747 4,469,716
TOTAL SYSTEM SERVICES IN 4.800 04/01/2026 1,900,003 1,897,511
TRANSDIGM INC 5.500 11/15/2027 6,613,054 6,894,132
VONTIER CORPORATION 2.950 04/01/2031 7,755,303 8,078,449
WABTEC 4.700 09/15/2028 8,408,245 8,029,092
WILLIS NORTH AMERICA INC 4.500 09/15/2028 2,105,321 2,011,177
YUM BRANDS INC SR NT 3.625 03/15/2031 2,161,937 2,287,947
ALTRIA GROUP INC 4.400 02/14/2026 8,637,612 8,626,609
AMERICAN TOWER CORP 4.000 06/01/2025 8,641,381 8,609,518
DISCOVERY COMMUNICATIONS 4.900 03/11/2026 7,803,179 7,834,769
DOLLAR TREE INC 4.000 05/15/2025 7,958,370 7,966,255
EXPEDIA INC 5.000 02/15/2026 8,625,733 8,618,792
GENUINE PARTS CO 6.500 11/01/2028 8,522,442 8,472,127
GLOBAL PAYMENTS INC 2.650 02/15/2025 6,530,744 6,580,339
GLOBAL PMTS INC 1.200 03/01/2026 1,946,824 2,096,502
HCA INC 5.375 09/01/2026 8,678,689 8,581,668
KRAFT HEINZ FOODS CO 3.000 06/01/2026 2,412,799 2,322,023
MICROCHIP TECHNOLOGY INC 4.250 09/01/2025 8,652,059 8,612,761
OLIN CORP 5.125 09/15/2027 8,437,803 8,494,224
SBA COMMUNICATIONS CORP 3.875 02/15/2027 10,008,729 9,772,323
SERVICE CORP INTL 4.625 12/15/2027 10,254,555 10,105,228
STEEL DYNAMICS INC SR NT 2.400 06/15/2025 8,675,480 8,660,322
TELEFLEX INC 4.625 11/15/2027 9,080,239 9,006,444
TENET HEALTHCARE CORP 6.125 10/01/2028 10,163,771 10,256,989
TRANSDIGM INC 5.500 11/15/2027 10,043,730 10,014,965
UNITED RENTALS NORTH AM 4.875 01/15/2028 5,757,184 5,733,298
UNITED RENTALS NORTH AM 5.500 05/15/2027 2,158,827 2,134,182
VONTIER CORPORATION 1.800 04/01/2026 8,511,056 8,673,974
ZIMMER HOLDINGS INC 3.550 04/01/2025 7,911,177 7,970,897
ALTRIA GROUP INC 6.875% 11/01/33 1,312,285 1,296,396
AMERICAN TOWER CORP 5.450% 2/15/34 2,155,371 2,145,663
BAT CAPITAL CORP 6.421% 8/02/33 5,122,259 5,137,785
BROWN BROWN INC 5.650% 6/11/34 8,110,277 7,922,547
CROWN CASTLE INC 5.200% 9/01/34 8,087,160 7,971,789
DAVITA INC 6.875% 9/01/32 1,686,491 1,682,809
FISERV INC 5.625% 8/21/33 8,025,899 7,960,920
FORTUNE BRANDS 5.875% 6/01/33 2,472,017 2,450,015
GAP INC 3.875% 10/01/31 6,854,648 6,781,056
L BRANDS INC 6.625% 10/01/30 6,891,382 6,874,072
LOWES COS INC 5.150% 7/01/33 3,491,729 3,428,140
MARRIOT 4.625% 6/15/30 1,361,204 1,354,318
MGM RESORTS 6.71667% 4/15/32 9,646,707 9,543,097
MOTOROLA SOLUTIONS 5.000% 4/15/29 1,822,833 1,837,185
PHILIP MORRIS INTL 5.375% 2/15/33 7,999,028 7,945,384
QUANTA SVCS INC 2.900% 10/01/30 2,563,847 2,586,865
QUANTA SVCS INC 5.250% 8/09/34 5,477,521 5,350,910
SEALED AIR CORP 6.500% 7/15/32 4,069,294 4,006,120
TAPESTRY INC 3.050% 3/15/32 7,992,906 7,982,209
TELEDYNE 2.750% 4/01/31 8,090,746 7,961,400
WARNERMEDIA HLDGS 4.279% 3/15/32 7,258,514 7,258,527
WILLIS NORTH AMER 5.350% 5/15/33 5,931,145 5,902,273
ALLEGION US HOLDING 3.550% 10/01/27 6,257,931 6,230,536
ALLEGION PLC 3.500% 10/01/29 2,400,142 2,358,577
BOYD GAMING CORP 4.750% 12/01/27 10,083,168 9,944,402
BROADCOM CRP CAYMN 3.875% 1/15/27 2,314,927 2,350,699
CARLISLE COS INC 3.750% 12/01/27 8,600,785 8,609,988
CDW LLC CDW FINANCE 4.250% 4/01/28 6,711,850 6,649,484
CDW LLC CDW FIN CORP 3.276% 12/01/28 1,944,459 1,920,057
CONAGRA BRANDS INC 4.600% 11/01/25 1,389,789 1,405,339
CONAGRA BRANDS INC 4.850% 11/01/28 7,156,177 7,128,808
CROWN CASTLE INC 5.600% 6/01/29 8,524,657 8,478,953
DISCOVERY 3.950% 3/20/28 825,827 830,326
DOLLAR TREE INC 4.200% 5/15/28 635,218 627,983
FORTUNE BRANDS HOME 4.000% 6/15/25 8,644,444 8,659,311
GAP INC 3.625% 10/01/29 10,330,141 10,286,915
L BRANDS INC 5.250% 2/01/28 10,212,196 10,193,046
LKQ CORP 5.750% 6/15/28 8,575,411 8,526,599
MGM RESORTS 6.125% 9/15/29 3,522,753 3,496,589
MOTOROLA SOLUTIONS 4.600% 2/23/28 2,106,847 2,091,957
MOTOROLA SOLUTIONS 4.600% 5/23/29 1,647,422 1,643,662
ORACLE CORP 2.300% 3/25/28 8,644,087 8,588,512
REYNOLDS AMERICAN 4.450% 6/12/25 8,562,883 8,588,970
SEALED AIR CORP 6.125% 2/01/28 10,227,996 10,143,666
SIRIUS XM RADIO INC 5.500% 7/01/29 10,243,850 10,086,681
TRIMBLE INC 4.900% 6/15/28 6,870,733 6,839,976
VERISK ANALYTICS INC 4.000% 6/15/25 228,796 232,091
WABTEC 4.700% 9/15/28 8,636,056 8,537,162
WILLIS NORTH AMER 4.650% 6/15/27 8,587,490 8,584,434
ZIMMER BIOMET 5.350% 12/01/28 669,440 671,659
BLOOMIN BRANDS INC 5.125% 4/15/29 7,453,750 7,220,800
DAVITA INC 6.875% 9/01/32 8,195,133 8,177,242
GAP INC 3.875% 10/01/31 8,238,321 8,262,304
L BRANDS INC 6.625% 10/01/30 8,254,512 8,233,778
NORDSTROM INC 4.250% 8/01/31 8,245,404 8,150,899
SIRIUS XM RADIO INC 5.500% 7/01/29 8,084,815 7,973,464
TRANSDIGM INC 6.875% 12/15/30 2,473,283 2,432,667

TY 2024 InvestmentsCorpStockSchedule
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Name of Stock End of Year Book Value End of Year Fair Market Value
BERKSHIRE HATHAWAY INC CL B 66,685,510 254,991,304
TETRAD CORPORATION CLASS B 13,865,810 14,061,600
BERKSHIRE HATHAWAY INC CL A 20,980,500 34,046,000

TY 2024 InvestmentsOtherSchedule2
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER INVESTMENTS AT COST 180,394,829 229,611,401

TY 2024 LegalFeesSchedule
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 11,232 0   0


TY 2024 OtherAssetsSchedule
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
BUILDING 4,200,000 4,200,000 4,200,000
OFFICE FURNITURE & EQUIPMENT 130,635 130,635 130,635
ACCUMULATED DEPRECIATION 0 -151,237 -151,237
ARTWORK 0 0 7,914,815


TY 2024 OtherDecreasesSchedule
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Description Amount
ACCRUAL TO CASH 3,165,979
K-1 CAPITAL ACCOUNT ADJUSTMENT 4,704,667


TY 2024 OtherExpensesSchedule
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL OVERHEAD EXPENSES 722,921 0   722,921
PROGRAM-RELATED EXPENSES 178,665 0   178,666
LAND LEASE 20,055 0   20,055


TY 2024 OtherIncomeSchedule2
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 3,579,470 3,579,470 3,579,470


TY 2024 OtherIncreasesSchedule
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Description Amount
COST TO FMV DIFFERENCE ON CONTRIBUTIONS 167,418,000


TY 2024 OtherProfessionalFeesSchedule
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 3,438,899 2,938,899   500,000


TY 2024 TaxesSchedule
Name:
WALTER SCOTT FAMILY FOUNDATION
EIN:
47-1116371
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 663,918 0   0
OTHER TAX 58,773 58,773   0