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
FANNIE E RIPPEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)14 MAPLE AVENUE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MORRISTOWN, NJ079605451
A Employer identification number

22-1559427
B Telephone number (see instructions)

(973) 540-0101
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$88,497,793J 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) 1,513,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 185,770 185,770 185,770
4 Dividends and interest from securities... 510,676 931,215 931,215
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,690,992
b Gross sales price for all assets on line 6a 37,547,253
7 Capital gain net income (from Part IV, line 2)... 7,427,588
8 Net short-term capital gain......... 193,791
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
321,701 212,758 534,459
12 Total. Add lines 1 through 11........ 11,222,139 8,757,331 1,845,235
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 656,505 7,548 7,548 580,064
14 Other employee salaries and wages...... 2,846,125 0 0 2,748,233
15 Pension plans, employee benefits....... 733,115 1,316 1,316 1,453,697
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
4,138 0 0 5,126
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
46,950 0 0 45,450
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,322,607 558,128 879,829 492,102
17 Interest...............   68,073 68,073  
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
140,145 78,207 78,207 79,000
19 Depreciation (attach schedule) and depletion... 12,927 0 0
20 Occupancy.............. 146,023 0 0 146,023
21 Travel, conferences, and meetings....... 306,247 3,062 3,062 320,406
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
443,655 532,283 532,283 480,561
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,658,437 1,248,617 1,570,318 6,350,662
25 Contributions, gifts, grants paid....... 64,150 86,650
26 Total expenses and disbursements. Add lines 24 and 25 6,722,587 1,248,617 1,570,318 6,437,312
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,499,552
b Net investment income (if negative, enter -0-) 7,508,714
c Adjusted net income (if negative, enter -0-)... 274,917
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............. 1,220,057 1,018,451 1,018,451
2 Savings and temporary cash investments......... 3,554,008 3,343,272 3,343,272
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   49,000    
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable................. 828,157 1,207,816 1,207,816
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.......... 43,694 69,303 69,303
10a Investments—U.S. and state government obligations (attach schedule) 1,569,958 Click to see attachment
List of Attached Documents:
// Content
1,004,901 		1,004,901
b Investments—corporate stock (attach schedule)....... 13,682,361 Click to see attachment
List of Attached Documents:
// Content
6,007,669 		6,007,669
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............. 0 1,565,353 1,565,353
13 Investments—other (attach schedule).......... 61,932,060 Click to see attachment
List of Attached Documents:
// Content
73,992,682 		73,992,682
14 Land, buildings, and equipment: basis right arrow891,035
Less: accumulated depreciation (attach schedule) right arrow877,514 20,755 Click to see attachment
List of Attached Documents:
// Content
13,521 		13,521
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,427,259 		Click to see attachment
List of Attached Documents:
// Content
274,825 		Click to see attachment
List of Attached Documents:
// Content
274,825
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 85,327,309 88,497,793 88,497,793
Liabilities 17 Accounts payable and accrued expenses.......... 841,785 632,025
18 Grants payable................. 22,500  
19 Deferred revenue................. 82,500 31,500
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,728,600 		Click to see attachment
List of Attached Documents:
// Content
2,516,290
23 Total liabilities (add lines 17 through 22)......... 3,675,385 3,179,815
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........... 80,823,767 84,076,207
25 Net assets with donor restrictions............ 828,157 1,241,771
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 81,651,924 85,317,978
30 Total liabilities and net assets/fund balances (see instructions). 85,327,309 88,497,793
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
81,651,924
2
Enter amount from Part I, line 27a .....................
2
4,499,552
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
86,151,476
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
833,498
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
85,317,978
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 SALE OF PUBLICLY TRADED SECURITIES P    
b AIR U.S. LIFE FUND IV, LP P    
c BOND II, LP P    
d BOND III, LP P    
e COLCHIS P2P INCOME FUND P    
DALTON INVESTMENTS TRUST-SERIES B P    
DALTON INVESTMENTS TRUST-SERIES B P    
ECHO STREET GOODCO SELECT II, LP P    
FORESITE CAPITAL FUND V, LP P    
FORESITE CAPITAL FUND V, LP P    
FORESITE CAPITAL FUND VI, LP P    
FORESITE CAPITAL FUND VI, LP P    
FORESITE CAPITAL OPPORTUNITY FUND V, LP P    
FORESITE CAPITAL OPPORTUNITY FUND V, LP P    
FUNDSMITH EQUITY FUND, LP P    
FUNDSMITH EQUITY FUND, LP P    
GQG PARTNERS INTERNATIONAL EQUITY FUND P    
GQG PARTNERS INTERNATIONAL EQUITY FUND P    
INDIA ACORN FUND (CAYMAN) LTD P    
INNOVATION ENDEAVORS IV, LP P    
LIGHTHOUSE INDIA FUND III LTD P    
MAREN CAPITAL MAREN FUND LP P    
MGG SF EVERGREEN UNLEVERED FUND P    
MGG SF EVERGREEN UNLEVERED FUND P    
NEW GENERATION TURNAROUND FUND P    
NOVALIS LIFESCIENCES INVESTMENTS II, LP P    
NOVALIS LIFESCIENCES INVESTMENTS II, LP P    
OLEA SPECIAL OPPORTUNITIES FUND P    
OWLS NEST PARTNERS LONG ONLY FUND, LP P    
OWLS NEST PARTNERS LONG ONLY FUND, LP P    
THE OVERLOOK PARTNERS FUND, LP P    
THE OVERLOOK PARTNERS FUND, LP P    
WARBURG PINCUS GLOBAL GROWTH, LP P    
WARBURG PINCUS JOVIAN GG, L.P. P    
WARBURG PINCUS PRIVATE EQUITY (E&P) XII (B), LP P    
WARBURG PINCUS PRIVATE EQUITY (E&P) XII (B), LP P    
WARBURG PINCUS PRIVATE EQUITY XII L.P. P    
WCM FOCUSED INTERNATIONAL OPP FUND LP P    
WF ASIAN SMALLER COMPANIES FUND P    
YORK CREDIT OPPORTUNITIES UNIT TRUST P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 36,553,631   32,993,797 3,559,834
b       55,740
c       -41,649
d       -15,771
e 66,532   54,745 11,787
      -34,114
      263,447
      8,413
      347
      14
      -4,077
      7,672
      -145
      -2,068
      27,437
      2,331,773
      149,509
      369,206
300,000   114,938 185,062
      -13,491
      394,990
      304
      1,380
      -56,045
      -4,804
      -13,427
      -63,939
183,163   32,706 150,457
      45,896
      -80,052
      19,738
      -12,912
      5,177
91,443   47,611 43,832
      696
      -12,491
      66,227
      -43,585
      36,570
352,484   261,834 90,650
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       3,559,834
b       55,740
c       -41,649
d       -15,771
e       11,787
      -34,114
      263,447
      8,413
      347
      14
      -4,077
      7,672
      -145
      -2,068
      27,437
      2,331,773
      149,509
      369,206
      185,062
      -13,491
      394,990
      304
      1,380
      -56,045
      -4,804
      -13,427
      -63,939
      150,457
      45,896
      -80,052
      19,738
      -12,912
      5,177
      43,832
      696
      -12,491
      66,227
      -43,585
      36,570
      90,650
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 7,427,588
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 3 193,791
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) 1 104,371
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........................... 3 104,371
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- ..... 5 104,371
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 104,918
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 104,918
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 0
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 10 547
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow547 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 arrowNJ, MA, MO, CO, NY, NH, DE, CA, GA, TX, LA, DC, MI, PA
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
Yes
 
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.RIPPELFOUNDATION.ORG
14
The books are in care ofright arrowTHE FOUNDATION Telephone no.right arrow (973) 540-0101

Located atright arrow14 MAPLE AVENUE SUITE 200MORRISTOWNNJ ZIP+4right arrow079605451
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
EDWARD AHART TRUSTEE/CHAIRMAN OF BOARD
6.00 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
DAVID SURRENDA TRUSTEE/SECRETARY
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
CAROLYN BROOKS TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
ANU GUPTA TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
ELLIOTT FISHER TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
JAMES SONNEBORN TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
MICHAEL HARRIS TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
LYDIA NADEAU TRUSTEE
1.50 		6,000 0 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
REBECCA PAYNE PRESIDENT/CEO
40.00 		377,422 50,179 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
AUDREY WELLS DIRECTOR, FINANCE & ADMINISTRATION
40.00 		231,083 36,231 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
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
ROBERT MILSTEIN DIRECTOR, SYSTEM STR
40.00 		273,760 40,096 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
TARA OAKMAN SVP, STRATEGIC INITI
40.00 		207,921 31,588 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
ALEX MIDDLETON DIR. STRATEGY, CULTU
40.00 		180,258 23,442 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
JANE ERICKSON DIRECTOR, LEARNING &
40.00 		170,837 19,404 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
TERESA WADE DIRECTOR, COMMS & IN
40.00 		157,419 13,415 0
14 MAPLE AVENUE SUITE 200
MORRISTOWN,NJ07960
Total number of other employees paid over $50,000...................right arrow 17
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
THE COLONY GROUP INVESTMENT ADVISOR 419,152
570 LEXINGTON AVENUE 5TH FLOOR
NEW YORK,NY10022
SJK CONSULTING LLC IT CONSULTANT 172,620
4115 HOOVER LANE
WHARTON,NJ07885
US FEDERATION OF WORKER COOPERATIVE PROJECT CONSULTANT 122,700
1315 WALNUT ST STE 320
PHILADELPHIA,PA19107
COMMUNITY SCIENCE INC EVALUATION CONSULTANT 122,332
115 BUSINESS PARK DRIVE
WINSTONSALEM,NC27310
VICTORIA STREET GRAPHIC DESIGN COMMUNICATIONS CONSULTANT 65,520
112 W AVENUE SANTIAGO
SAN CLEMENTE,CA92672
Total number of others receiving over $50,000 for professional services.............right arrow1
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 RETHINK HEALTH, RIPPEL'S FLAGSHIP INITIATIVE, EXPLORES HOW TO ACHIEVE EQUITABLE SYSTEMS CHANGE IN REAL-WORLD SETTINGS. RETHINK HEALTH WORKS WITH NATIONAL AND REGIONAL STEWARDS AND INNOVATORS IN HEALTH SYSTEMS, PHILANTHROPY, BUSINESS, GOVERNMENT, COMMUNITIES, AND COALITIONS, PROVIDING TOOLS, FRAMEWORKS, AND EXPERTISE THAT HELP INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES CONSIDER HOW TO MAKE TRANSFORMATIVE, LASTING CHANGE AND SHIFT INVESTMENTS IN MEANINGFUL WAYS THAT SUPPORT THRIVING POPULATIONS.SERVICES OFFERED INCLUDE FREE RESOURCES, MULTI-YEAR PARTNERSHIP ARRANGEMENTS, AND AN ALUMNI NETWORK FOR THOSE ALREADY FAMILIAR WITH RIPPEL'S APPROACHES WHO WANT TO DEEPEN THEIR KNOWLEDGE AND HAVE OPPORTUNITIES TO LEARN WITH PEERS. 5,371,623
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
84,736,676
b
Average of monthly cash balances.......................
1b
1,145,968
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
85,882,644
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
85,882,644
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,288,240
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
84,594,404
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,229,720
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
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
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
 
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
6,437,312
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
5,693
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
6,443,005
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
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.....  
e Remaining amount distributed out of corpus  
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  
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 ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
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
2020-01-10
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
274,917 984,698 0 0 1,259,615
b 85% (0.85) of line 2a ......... 233,679 836,993 0 0 1,070,673
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		6,443,005 6,757,407 6,349,221 5,926,119 25,475,752
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		86,650 247,200 344,700 209,300 887,850
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		6,356,355 6,510,207 6,004,521 5,716,819 24,587,902
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		2,819,813 2,708,117 2,918,181 3,179,794 11,625,905
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

COUNCIL OF FOUNDATIONS

PO BOX 715674
PHILADELPHIA,PA191715674 		N/A PC TO SUPPORT THE ORGANIZATION IN ENSURING THAT PHILANTHROPY IS A TRUSTED PARTNER IN ADVANCING THE GREATER GOOD. 6,500

GRANTMAKERS IN HEALTH

100 CONNECTICUT AVE NW SUITE 1200
WASHINGTON,DC20036 		N/A PC TO SUPPORT FOUNDATIONS STAYING CONNECTED THROUGH GIH'S FUNDING PARTNER CONSTITUENCY TO COORDINATE EFFORTS TO IMPROVE HEALTH 6,150

NATIONAL ACADEMY OF SCIENCES

NAS-NRC PROGRAMS PO BOX 931003
ATLANTA,GA311931003 		N/A PC TO SPONSOR THE ROUNDTABLE ON POPULATION HEALTH IMPROVEMENT, WHICH IS ONE OF THE MOST EFFECTIVE ELEMENTS IN INFLUENCING AGENDA NATIONWIDE. 50,000

NORTH SHORE ANIMAL LEAGUE AMERICA INC

16 LEWYT STREET
PORT WASHINGTON,NY11050 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 1,500

ZUFALL HEALTH

4 ATNO AVENUE
MORRISTOWN,NJ07960 		N/A PC TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. 22,500
Total .................................right arrow 3a 86,650
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
aCONTRACT INCOME         321,701
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 185,770  
4 Dividends and interest from securities ....     14 510,676  
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 8,690,992  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 9,387,438 321,701
13Total. Add line 12, columns (b), (d), and (e)..................
13
9,709,139
(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.)
1A THE CONTRACT INCOME IN PART XVI-A IS DERIVED FROM A VARIETY OF ENGAGEMENTS WHERE THE FOUNDATION PROVIDES SERVICES TO OTHER FOUNDATIONS, FOUNDATION-FUNDED INITIATIVES, NATIONAL, STATE OR REGIONAL COLLABORATIVES, HOSPITAL SYSTEMS, ACADEMIC INSTITUTIONS, OR OTHER HEALTH AND WELL-BEING-RELATED ORGANIZATIONS. THESE SERVICES INCLUDE RESEARCH, ANALYSIS, ADVISING, COACHING, MENTORING, MEETING FACILITATION, EDUCATIONAL WORKSHOPS, SCENARIO MODELING, AND TRAINING. EACH ENGAGEMENT IS DESIGNED TO SUPPORT THESE GROUPS IN PURSUING SYSTEMWIDE, TRANSFORMATIVE CHANGES IN HEALTHCARE AND WELL-BEING.
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
FANNIE E RIPPEL FOUNDATION
 
Employer identification number

22-1559427
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
FANNIE E RIPPEL FOUNDATION
  		Employer identification number
22-1559427
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
ROBERT WOOD JOHNSON FOUNDATION
 
50 COLLEGE ROAD EAST
 
PRINCETON, NJ08540

$ 1,500,000


(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.)
(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
FANNIE E RIPPEL FOUNDATION
  		Employer identification number

22-1559427
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
 
$    
(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
FANNIE E RIPPEL FOUNDATION
  		Employer identification number

22-1559427
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:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT AND TAX PREPARATION 46,950 0 0 45,450

TY 2024 InvestmentsCorpStockSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET INC 1,620.0000 SHARES 308,514 308,514
AXALTA COATING SYSTEMS LTD 3,700.0000 SHARES 126,614 126,614
BANK OF AMERICA CORP 7,000.0000 SHARES 307,650 307,650
BAXTER INTERNATIONAL INC 9,100.0000 SHARES 265,356 265,356
BERKSHIRE HATHAWAY INC 665.0000 SHARES 301,431 301,431
CORNING INC 2,600.0000 SHARES 123,552 123,552
DEVON ENERGY CORP 4,800.0000 SHARES 157,104 157,104
DUN & BRADSTREET HOLDINGS INC 10,500.0000 SHARES 130,830 130,830
ELANCO ANIMAL HEALTH INC 25,800.0000 SHARES 312,438 312,438
GRAPHIC PACKAGING HOLDING CO 10,300.0000 SHARES 279,748 279,748
L3HARRIS TECHNOLOGIES INC 1,305.0000 SHARES 274,415 274,415
LIONS GATE ENTERTAINMENT CORP 33,000.0000 SHARES 249,150 249,150
MICRON TECHNOLOGY INC 3,345.0000 SHARES 281,515 281,515
MOHAWK INDUSTRIES INC 1,430.0000 SHARES 170,356 170,356
NASDAQ INC 3,470.0000 SHARES 268,266 268,266
NCR VOYIX CORP 20,900.0000 SHARES 289,256 289,256
OKTA INC 2,665.0000 SHARES 210,002 210,002
PENN ENTERTAINMENT INC 14,400.0000 SHARES 285,408 285,408
PINTEREST INC 8,900.0000 SHARES 258,100 258,100
SENSATA TECHNOLOGIES HOLDING P 7,700.0000 SHARES 210,980 210,980
SS&C TECHNOLOGIES HOLDINGS INC 3,375.0000 SHARES 255,758 255,758
TOPGOLF CALLAWAY BRANDS CORP 19,000.0000 SHARES 149,340 149,340
ULTRA CLEAN HOLDINGS INC 3,400.0000 SHARES 122,230 122,230
WALT DISNEY CO/THE 3,225.0000 SHARES 359,104 359,104
ZIMMER BIOMET HOLDINGS INC 2,940.0000 SHARES 310,552 310,552

TY 2024 InvestmentsGovtObligationsSch
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
US Government Securities - End of Year Book Value:

1,004,901
US Government Securities - End of Year Fair Market Value:

1,004,901
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AIR US LIFE FUND IV (CARLISLE?) FMV 1,846,254 1,846,254
ASM CONNAUGHT HOUSE FUND III (ARGYLE) FMV 1,579,890 1,579,890
BOND CAPITAL FUND L.P. FMV 1,458,724 1,458,724
BOND II,LP FMV 1,015,092 1,015,092
BOND III, LP FMV 394,617 394,617
COLCHIS P2P INCOME FUND FMV 103,728 103,728
COURAGE MUSIC PARTNERS III FMV 25,650 25,650
DALTON INVESTMENT SERIES B ASIA FMV 3,050,082 3,050,082
DG VALUE PARTNERS OFFSHORE FMV 2,222,725 2,222,725
FORESITE CAPITAL FUND V FMV 446,755 446,755
FORESITE CAPITAL FUND VI FMV 369,089 369,089
FORESITE CAPITAL OPPORTUNITY FUND V FMV 109,457 109,457
FUNDSMITH EQUITY FUND FMV 3,543,405 3,543,405
GNMA GTD REMIC P/T 17-38 Z 4.000% 03/20/2047 250,740.9254 SHARES FMV 211,074 211,074
GNMA GTD REMIC P/T 21-156 CZ 2.500% 09/20/2051 184,196.0708 SHARES FMV 109,495 109,495
GNMA GTD REMIC P/T 22-127 QM 4.000% 07/20/2052 240,000.0000 SHARES FMV 199,238 199,238
GNMA GTD REMIC P/T 22-139 ZE 3.500% 04/20/2052 56,297.1757 SHARES FMV 41,517 41,517
GNMA GTD REMIC P/T 22-152 CN 4.000% 09/20/2052 178,000.0000 SHARES FMV 149,296 149,296
GNMA GTD REMIC P/T 22-152 DN 4.500% 09/20/2052 211,000.0000 SHARES FMV 187,587 187,587
GNMA GTD REMIC P/T 22-18 PZ 2.500% 01/20/2052 103,431.3481 SHARES FMV 62,182 62,182
GNMA GTD REMIC P/T 23-106 LZ 5.000% 07/20/2053 106,251.1918 SHARES FMV 101,479 101,479
GNMA GTD REMIC P/T 23-18 AZ 4.750% 02/20/2053 205,070.4143 SHARES FMV 180,718 180,718
GNMA GTD REMIC P/T 23-56 KJ 4.500% 04/20/2053 75,000.0000 SHARES FMV 69,926 69,926
GNMA GTD REMIC P/T 23-7 Z 5.000% 01/20/2053 176,057.0418 SHARES FMV 158,494 158,494
GNMA GTD REMIC P/T 23-99 EL 5.500% 07/20/2053 129,000.0000 SHARES FMV 125,108 125,108
GOEHRING & ROZENCWAJG RES-I 185,956.6730 SHARES FMV 2,337,476 2,337,476
GQG INTERNATIONAL FMV 2,809,507 2,809,507
INDIA ACORN FUND FMV 3,267,057 3,267,057
INNOVATION ENDEAVORS IV FMV 609,194 609,194
ISHARES CORE S&P 500 ETF 16,246.0000 SHARES FMV 9,563,695 9,563,695
ISHARES CORE S&P 500 ETF 3,399.0000 SHARES FMV 2,000,922 2,000,922
LIGHTHOUSE INDIA FUND III FMV 1,005,790 1,005,790
LIGHTHOUSE INDIA FUND IV FMV 421,403 421,403
MAREN CAPITAL FUND FMV 6,432,597 6,432,597
MGG EVERGREEN UNLEVERED FUND FMV 3,456,194 3,456,194
NOVALIS LIFESCIENCES II FMV 542,674 542,674
NOVALPINA PRIVATE EQUITY FMV 555,492 555,492
ORCHARD LIQUID CREDIT FUND FMV 1,343,762 1,343,762
OVERLOOK PARTNERS FUND FMV 2,464,818 2,464,818
OWLS NEST PARTNERS FMV 2,148,207 2,148,207
THIRD POINT OFFSHORE FUND LTD FMV 2,150,192 2,150,192
THIRD POINT STRUCTURE CREDIT OPPTS OFFSHORE FUND FMV 3,874,860 3,874,860
WARBURG PINCUS GG 14 FMV 987,123 987,123
WARBURG PINCUS GLOBAL GROWTH FMV 1,843,910 1,843,910
WARBURG PINCUS XII FMV 1,460,763 1,460,763
WCM FOCUSED INTERNATIONAL OPP FUND FMV 1,031,941 1,031,941
WF ASIAN SMALLER COMPANIES FUND FMV 2,394,257 2,394,257
WHITEHAWK IV ONSHORE FMV 317,839 317,839
YORK CREDIT OPPORTUNITIES UNIT TRUST FMV 39,436 39,436
YORK EUROPEAN DISTRESSED CREDIT FUND II FMV 179,019 179,019
YORK EUROPEAN DISTRESSED CREDIT FUND III FMV 1,038,536 1,038,536
YORK EUROPEAN DISTRESSED CREDIT FUND IV FMV 1,954,436 1,954,436

TY 2024 LandEtcSchedule2
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LEASEHOLD IMPROVEMENTS 793,958 793,958 0  
FURNITURE AND EQUIPMENT 97,077 83,556 13,521 13,521


TY 2024 LegalFeesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 4,138 0 0 5,126


TY 2024 OtherAssetsSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CASH PENDING INVESTMENT 2,000,000    
PREPAID FEDERAL EXCISE TAX 17,149    
RIGHT OF USE ASSET-OPERATING LEASE 410,110 274,825 274,825


TY 2024 OtherDecreasesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Amount
DEFERRED EXCISE TAX EXPENSE 11,946
UNREALIZED LOSS ON INVESTMENTS 818,394
UNREALIZED LOSS ON INVESTMENT HELD FOR DEFERRED PENSION 3,158


TY 2024 OtherExpensesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES AND MEMBERSHIPS 21,940 0 0 21,890
INSURANCE 30,585 0 0 30,272
TELEPHONE 10,717 0 0 12,476
BANK FEES 32 32 32 0
OFFICE SERVICES AND EXPENSES 48,447 0 0 48,900
TECHNOLOGY AND SUPPORT 310,482 0 0 329,321
PROFESSIONAL DEVELOPMENT AND TRAINING 21,452 0 0 37,702
OTHER INVESTMENT EXPENSES THROUGH K-1S 0 532,251 532,251 0


TY 2024 OtherIncomeSchedule2
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER PARTNERSHIP INCOME   212,758 212,758
CONTRACT INCOME 321,701   321,701


TY 2024 OtherLiabilitiesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED EXCISE TAX 170,234 182,180
DEFERRED PENSION LIABILITY 445,736 0
DUE TO BROKER 1,702,520 2,015,289
FEDERAL EXCISE TAX LIABILITY 0 43,996
LEASES PAYABLE 410,110 274,825


TY 2024 OtherProfessionalFeesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES-PROGRAM CONSULTING 458,850 0 321,701 146,036
INVESTMENT MANAGEMENT FEES AND CUSTODIAL FEES 137,476 137,476 137,476 0
ADVISORY FEES 419,152 419,152 419,152 0
CONSULTING: COMMUNICATIONS AND MARKETING 199,119 0 0 222,612
CONSULTING: BUSINESS DEVELOPMENT/STRATEGY 106,510 0 0 123,454
INVESTMENT COMMITTEE CONSULTING 1,500 1,500 1,500 0


TY 2024 TaxesSchedule
Name:
FANNIE E RIPPEL FOUNDATION
EIN:
22-1559427
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 140,145 0 0 79,000
FOREIGN TAXES 0 78,207 78,207 0