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
Frey Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)40 Pearl Street NW 1100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Grand Rapids, MI495033028
A Employer identification number

23-7094777
B Telephone number (see instructions)

(616) 451-0303
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$162,397,904J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 863 863  
4 Dividends and interest from securities... 905,463 1,655,846  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
1,550
b Gross sales price for all assets on line 6a 30,766,840
7 Capital gain net income (from Part IV, line 2)... 2,230,033
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
0 98,298 0
12 Total. Add lines 1 through 11........ 907,876 3,985,040 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 481,007 30,600   450,407
14 Other employee salaries and wages...... 494,229 76,591   417,637
15 Pension plans, employee benefits....... 228,571 31,393   159,746
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
50,385 971 0 44,817
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
64,575 9,686 0 54,789
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
228,000 228,000 0 0
17 Interest............... 9,855 1,478   8,377
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
65,000 14,336 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
88,689 13,303 0
20 Occupancy.............. 120,467 14,217   102,397
21 Travel, conferences, and meetings....... 100,214 18,635   81,034
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
210,307 27,454 0 180,374
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,141,299 466,664 0 1,499,578
25 Contributions, gifts, grants paid....... 5,312,700 4,780,950
26 Total expenses and disbursements. Add lines 24 and 25 7,453,999 466,664 0 6,280,528
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,546,123
b Net investment income (if negative, enter -0-) 3,518,376
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 151 160 160
2 Savings and temporary cash investments......... 3,588,961 4,690,738 4,690,738
3 Accounts receivable right arrow59
Less: allowance for doubtful accounts right arrow   10,000 59 59
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 64,481 53,911 53,911
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
0 		0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 143,695,748 Click to see attachment
List of Attached Documents:
// Content
155,006,195 		155,006,195
14 Land, buildings, and equipment: basis right arrow1,295,248
Less: accumulated depreciation (attach schedule) right arrow878,372 505,565 Click to see attachment
List of Attached Documents:
// Content
416,876 		416,876
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,108,061 		Click to see attachment
List of Attached Documents:
// Content
2,229,965 		Click to see attachment
List of Attached Documents:
// Content
2,229,965
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 149,972,967 162,397,904 162,397,904
Liabilities 17 Accounts payable and accrued expenses.......... 34,771 36,659
18 Grants payable................. 2,372,000 2,906,050
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 378,461 Click to see attachment
List of Attached Documents:
// Content
261,566
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
666,409 		Click to see attachment
List of Attached Documents:
// Content
579,204
23 Total liabilities (add lines 17 through 22)......... 3,451,641 3,783,479
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........... 144,234,683 158,614,425
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 144,234,683 158,614,425
30 Total liabilities and net assets/fund balances (see instructions). 147,686,324 162,397,904
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
144,234,683
2
Enter amount from Part I, line 27a .....................
2
-6,546,123
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
20,925,865
4
Add lines 1, 2, and 3 ..........................
4
158,614,425
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
158,614,425
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 REALIZED INVESTMENT GAIN/(LOSSES) 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 30,766,840   28,536,807 2,230,033
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     0 2,230,033
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 2,230,033
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 48,905
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-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 48,905
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 48,905
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 170,435
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 170,435
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10 121,530
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow121,530 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the 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 arrowMI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTP://FREYFDN.ORG/
14
The books are in care ofright arrowTyler Crawford Telephone no.right arrow (616) 451-4543

Located atright arrow40 PEARL ST NW SUITE 1100GRAND RAPIDSMI ZIP+4right arrow495033028
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)
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
MARY FREY BENNETT SECRETARY
10.00 		36,000 0 0
40 Pearl Street NW
Grand Rapids,MI495033028
ELEONORA H FREY ZAGEL VICE CHAIR
10.00 		41,413 0 0
40 Pearl Street NW
Grand Rapids,MI495033028
DAVID G FREY JR CHAIR
18.00 		46,585 0 0
40 Pearl Street NW
Grand Rapids,MI495033028
SARAH R FREY ROSE TRUSTEE
3.00 		17,000 0 0
40 Pearl Street NW
Grand Rapids,MI495033028
CAMPBELL W FREY TRUSTEE
3.00 		17,577 0 0
40 Pearl Street NW
Grand Rapids,MI495033028
LAURA D FREY TREASURER
10.00 		38,362 0 0
40 Pearl Street NW
Grand Rapids,MI495033028
HOLLY A JOHNSON PRESIDENT
40.00 		274,006 8,339 0
40 Pearl Street NW
Grand Rapids,MI495033028
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
SARAH J MIX PROGRAM ASSOCIATE
40.00 		69,106 14,530 0
40 Pearl Street NW
Grand Rapids,MI495033028
BRYANA L HOPKINS PROGRAM OFFICER
40.00 		87,192 8,734 0
40 Pearl Street NW
Grand Rapids,MI495033028
TYLER J CRAWFORD CFO & COO
40.00 		170,481 36,461 0
40 Pearl Street NW
Grand Rapids,MI495033028
CHRISTOPHER ROMERO PROGRAM OFFICER
40.00 		92,511 31,565 0
40 Pearl Street NW
Grand Rapids,MI495033028
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
MONTICELLO ASSOCIATES INC Investment CONSULTING 200,000
1800 Larimer Street
Suite 2100
Denver,CO80202
CROWE LLP Audit/Tax Services 79,459
PO Box 71570
Chicago,IL60694
Specialized Computer Services Information Technology services 51,629
2922 Fuller Ave NE
Suite 206
Grand Rapids,MI49505
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION (NHCDC) - The Frey Foundation provided a program-related investment to NHCDC to further its charitable mission of promoting affordable housing opportunities in Northern Michigan. The funds will be used to support the construction of an affordable housing development at Pinebridge Place Apartments in Michigan. This investment advances the Foundation's exempt purpose by increasing access to quality, attainable housing for low- and moderate-income individuals and families, strengthening community stability and economic development in the region. 250,000
2 THE MICHIGAN WOMEN'S FOUNDATION - The Frey Foundation provided a program-related investment to The Michigan Women's Foundation to support the West Michigan Microlending Investment Fund. The purpose of this investment is to expand access to capital for women entrepreneurs and small business owners who face barriers to traditional financing. This initiative aligns with the Foundation's charitable goals by fostering economic empowerment, supporting local business development, and promoting financial inclusion within West Michigan communities. 200,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow450,000
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
152,643,597
b
Average of monthly cash balances.......................
1b
1,996,671
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
154,640,268
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
 
3
Subtract line 2 from line 1d.........................
3
154,640,268
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,319,604
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
152,320,664
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,616,033
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
7,616,033
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
48,905
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
4,204
c
Add lines 2a and 2b............................
2c
53,109
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,562,924
4
Recoveries of amounts treated as qualifying distributions................
4
250,000
5
Add lines 3 and 4............................
5
7,812,924
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
7,812,924
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
6,280,528
b
Program-related investments—total from Part VIII-B..................
1b
450,000
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
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,730,528
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 7,812,924
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 6,131,151
b Total for prior years:2022, 2021, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 6,730,528
a Applied to 2023, but not more than line 2a 6,131,151
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..... 599,377
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.   0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
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 .......... 		7,213,547
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.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
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).)
none
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.
none
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
HOLLY A JOHNSON
40 PEARL STREET NW Ste 1100
GRAND RAPIDS,MI45903
(616) 451-0303
CONTACT@FREYFDN.ORG
bThe form in which applications should be submitted and information and materials they should include:
STANDARD APPLICATION FORM AVAILABLE UPON REQUEST FROM ADDRESS ABOVE OR AT THE FOUNDATION'S WEBSITE: WWW.FREYFDN.ORG
cAny submission deadlines:
DUE TWELVE WEEKS PRIOR TO SCHEDULED DATE OF BOARD FUNDING MEETINGS, HELD IN FEB, MAY, AUG, AND NOV.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
FOR COMMUNITY-BASED OR REGIONAL PROJECTS, THE FOUNDATION FOCUSES ON PROPOSALS FROM ORGANIZATIONS AND AGENCIES SERVING KENT, EMMET OR CHARLEVOIX COUNTIES. THE FOUNDATION ALSO ACCEPTS PROPOSALS FROM CHARITABLE ORGANIZATIONS WITH A STATE-LEVEL PRESENCE OR STATE GOVERNMENT AGENCIES WHOSE PROPOSAL MAY HAVE A DIRECT IMPACT ON THE FREY FOUNDATION'S GEOGRAPHIC TARGET AREAS.
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

Acrosstown Repertory Theater

PO BOX 12254
Gainesville,FL32604 		NONE PC General Fund 500

Amplify GR

1480 Kalamazoo Ave SE
Grand Rapids,MI495072112 		NONE PC Boston Square Community Ownership Pilot 21,500

AOPA Foundation

421 Aviation Way
Frederick,MD21701 		NONE PC General operating support 500

AQUME Foundation

PO Box 9193
Wyoming,MI495090193 		NONE PC 2024 Annual Gold Gala 1,000

Arbor Circle

1115 Ball Ave NE
Grand Rapids,MI49505 		NONE PC General Support 1,500

Arts Marketplace at Studio Park

121 Ionia Ave SW Ste 125
Grand Rapids,MI495035119 		NONE PC Business Development Resources for Women and Minority Owned Small Businesses 10,000

Be Cafe

7267 THORNAPPLE RIVER DRIVE SE
ADA,MI493010000 		NONE PC General Operating 4,000

Beaver Island Community School

37895 Kings Highway
Beaver Island,MI49782 		NONE GOV Childcare Landscape Assessment 2,400

Blandford Nature Center

1715 Hillburn Ave NW
Grand Rapids,MI49504 		NONE PC Acorns to Oak 2,000

Blandford Nature Center

1715 Hillburn Ave NW
Grand Rapids,MI49504 		NONE PC General operating support 2,000

Boy Scouts of America North Florida Council Inc

521 S Edgewood Avenue
Jacksonville,FL32205 		NONE PC General Fund 2,000

Boys and Girls Clubs of Grand Rapids Youth Commonwealth Inc

235 Straight Avenue NW
Grand Rapids,MI49504 		NONE PC Be Great Tailgate Fundraiser 500

Bridger-Teton Avalanche Center Foundation

PO Box 424
Teton Village,WY83025 		NONE PC General operating support 250

Camp Daggett

03001 Church Road
Petoskey,MI49770 		NONE PC Kitchen Renovation and Improvements 5,000

Camp Daggett

03001 Church Road
Petoskey,MI49770 		NONE PC Scholarship support for economically disadvantaged campers 2,500

Camp Kesem

440 N Barranca Ave
Covina,CA91723 		NONE PC General Support for Michigan 1,000

Casa of Kent County

180 OTTAWA ST NW Ste 5200
GRAND RAPIDS,MI49503 		NONE PC Annual Support 50

Celebration United Methodist Church

9501 SW Archer Road
Gainesville,FL32608 		NONE PC The Amazing Give 1,000

Charlevoix County Community Foundation

301 Water Street PO Box 718
East Jordan,MI49727 		NONE PC Frey 4North Philanthropy Fund 5,000

Charlevoix Kiwanis Youth Foundation

PO Box 275
Charlevoix,MI49720 		NONE PC Dolly Parton Imagination Library 1,000

Cheshire Project

950 Zeno Rd
Lincoln,VT05443 		NONE PC General Operating Support 1,000

Chicago Community Foundation

33 S State St Suite 750
Chicago,IL60603 		NONE PC Frey Gomes Giving 25,000

Chicago Community Foundation

33 S State St Suite 750
Chicago,IL60603 		NONE PC Frey Gomes Giving 7,000

Children's Healing Center

1530 Fulton St E
Grand Rapids,MI49503 		NONE PC A Million Minutes More 100,000

Conductive Learning Center

2401 Camelot Court Southeast Ste J
Grand Rapids,MI495466083 		NONE PC Conducting Readiness Recruitment Program 2,000

Corewell Health Foundation

100 Michigan Street NE MC004
Grand Rapids,MI49503 		NONE PC To organize holiday celebrations for children & youth receiving services at Helen DeVos Children's Hospital during the holiday season 5,000

Council of Michigan Foundations Inc

125 Ottawa Ave NW Suite 437
Grand Rapids,MI49503 		NONE PC Family Foundation Retreat and Annual Conference 10,000

Diatribe Inc

PO Box 2582
Grand Rapids,MI49501 		NONE PC Planning for the new event space at The Emory Arts & Culture Hub and efforts to increase the capacity of its program delivery 30,000

Downtown Grand Rapids Inc

29 Pearl St NW Suite 1
Grand Rapids,MI49503 		NONE PC Building organizational capacity and infrastructure (2024 renewal) 75,000

Downtown Grand Rapids Inc

29 Pearl St NW Suite 1
Grand Rapids,MI49503 		NONE PC 2024 ArtPrize Event 10,000

Drummond Island Medical Center

PO Box 98
Drummond Island,MI49726 		NONE PC Medical supplies for adolescents 2,500

Ducks Unlimited Development Office

Dept 558 PO Box 1000
Memphis,TN38148 		NONE PC General operating support 250

Eagle County Charter Academy Education Foundation

1105 Miller Ranch Rd
Edwards,CO816326425 		NONE PC General Support 1,500

Eagle River Watershed Council

PO Box 1477
Gypsum,CO816371477 		NONE PC General Operating Support 1,000

Eagle Valley Mental Health

PO BOX 40000
Vail,CO816587520 		NONE PC General Operating Support 1,000

EARTH University Foundation

151 Ellis Street NE Floor 1 Suite 1
33
Atlanta,GA30303 		NONE PC General operating support 5,000

East Grand Rapids Community Foundation

750 Lakeside Drive Southeast
East Grand Rapids,MI495063029 		NONE PC General Support 500

East Grand Rapids Schools Foundation

2915 Hall St SE
East Grand Rapids,MI49506 		NONE PC General operating support 3,000

EGR Academic and Fine Arts Boosters

2211 Lake Dr SE
East Grand Rapids,MI495063026 		NONE PC EGR Orchestra Support 500

Endless Opportunities

PO Box 68263
Grand Rapids,MI495168263 		NONE PC Program support 300

Episcopal High School

1200 North Quaker Lane
Alexandria,VA22302 		NONE PC General operating support 3,500

Episcopal High School

1200 North Quaker Lane
Alexandria,VA22302 		NONE PC General operating support 2,000

Equest Center for Therapeutic Riding Inc

3777 Rector NE
Rockford,MI49341 		NONE PC 20/20 Vision 2,000

Farming for Our Future Inc

PO Box 857
Harbor Springs,MI49740 		NONE PC General Support for HS Farmers Market 500

Fertility Preservation Center

7107 GLADYS DR SE
GRAND RAPIDS,MI495469738 		NONE PC Fertility Preservation Event 1,000

Festival of the Arts in Grand Rapids

PO Box 68440
Grand Rapids,MI495168440 		NONE PC 2024 Festival of the Arts 5,000

First Steps Kent

401 Hall Street SW Suite 385
Grand Rapids,MI49503 		NONE PC Kent County Parent Outreach and Education 10,000

First United Methodist Church of Gainesville

419 NE First Street
Gainesville,FL32601 		NONE PC Capital Campaign 5,000

FLOW For Love of Water

440 West Front Street Suite 100
Traverse City,MI496842265 		NONE PC FLOW - Unrestricted 5,000

FLOW For Love of Water

223 Lake Ave Suite B
Traverse City,MI49684 		NONE PC Art Meets Water 3,000

Fountain Street Church

24 Fountain Street NW
Grand Rapids,MI495033191 		NONE PC Restoration of the Historic Memorial Bell Tower 10,000

Friends of Grand Rapids Parks

720 Curve St SW Suite B
Grand Rapids,MI495034891 		NONE PC Construction and design of a tribute for Mayor Rosalynn Bliss at Riverside Park 5,000

Friends of Grand Rapids Parks

720 Curve St SW Suite B
Grand Rapids,MI495034891 		NONE PC General operating support 250

Friends of the Colorado Avalanche Information Center

PO BOX 1117
Evergreen,CO80437 		NONE PC General operating support 250

Fulton Street Farmers Market

1145 Fulton Street E
Grand Rapids,MI49503 		NONE PC General operating support 1,000

Girls Growing II Women Inc

PO Box 6782
Grand Rapids,MI495166782 		NONE PC L.I.F.E. (Learning Important Fundamentals II Evolve) 1,000

Good Hart Artist Residency Inc

PO Box 182
Harbor Springs,MI497400182 		NONE PC Organization transition, capacity building and growth 10,000

Grand Action Foundation 20

125 Ottawa Ave NW Suite 152
Grand Rapids,MI495032837 		NONE PC Acrisure Amphitheater in Downtown Grand Rapids 500,000

Grand Action Foundation 20

125 Ottawa Ave NW Suite 152
Grand Rapids,MI495032837 		NONE PC Community engagement and administrative support 10,000

Grand Action Foundation 20

125 Ottawa Ave NW Suite 152
Grand Rapids,MI495032837 		NONE PC General support for amphitheater and soccer stadium 10,000

Grand Haven Community Foundation

6 Sherman Ave
Grand Haven,MI494171781 		NONE PC Holly & Erick Johnson Family Fund 10,000

Grand Rapids Cable Access Center

711 Bridge Street NW
Grand Rapids,MI49504 		NONE PC Community Media Center Annual Support 200

Grand Rapids Civic Theatre

30 Division Ave N
Grand Rapids,MI49503 		NONE PC Annual fund 5,000

Grand Rapids Community Foundation

185 Oakes St SW
Grand Rapids,MI49503 		NONE PC 2024 Non Profit Technical Assistance Fund (NPTA) 30,000

Grand Rapids Community Foundation

185 Oakes St SW
Grand Rapids,MI49503 		NONE PC Ray McCahill Family Fund 2,000

Grand Rapids Public Museum Foundation

272 Pearl Street NW
Grand Rapids,MI49504 		NONE PC The riverfront and community archives portions of the Expanding Curiosity Capital Campaign 200,000

Grand Rapids Urban League Inc

745 Eastern Ave SE
Grand Rapids,MI49503 		NONE PC The Launch and Initial Cohorts of the Equitable Development Initiative 30,000

Grand Rapids Urban League Inc

745 Eastern Ave SE
Grand Rapids,MI49503 		NONE PC 24th Annual Dr. Martin Luther King, Jr., Corporate Breakfast 1,500

Grand Valley State University

301 Fulton Street West PO Box 2005
Grand Rapids,MI495012005 		NONE PC Fully endow the Frey Foundation Chair for Family Philanthropy 500,000

Grand Valley State University

301 Fulton Street West PO Box 2005
Grand Rapids,MI495012005 		NONE PC Storytime in the Park - Garfield 40,000

Grand Valley State University

301 Fulton Street West PO Box 2005
Grand Rapids,MI495012005 		NONE PC Support for the expansion and enhancement of their local public television show, Mutually Inclusive 12,000

Great Lakes Aquatic Habitat Network and Fund Inc

PO Box 2479
Petoskey,MI49770 		NONE PC Support for efforts in securing individual, major gifts and diversifying funding sources as outlined in the Donor and Funding Diversification Action Steps document 5,000

Greater Michigan Council Inc Boy Scouts of America

3213 Walker Ave NW
Grand Rapids,MI49544 		NONE PC The Leadership Dinner 5,000

Habitat for Humanity of Kent County Inc

425 Pleasant St SW
Grand Rapids,MI49503 		NONE PC Imagine capital campaign to create 100 units of affordable housing 200,000

Harbor Springs Area Historical Society

PO Box 812
Harbor Springs,MI497401513 		NONE PC Bringing History to Life Comprehensive Campaign 75,000

Harbor Springs Area Historical Society

PO Box 812
Harbor Springs,MI497401513 		NONE PC Bringing History to Life campaign 25,000

Harbor Springs Festival of the Book

PO Box 766
Harbor Springs,MI49740 		NONE PC Harbor Springs Festival of the Book - Books for Schools 36,750

Harbor Springs Lyric Theatre

275 East Main
Harbor Springs,MI49740 		NONE PC Loving Support! 1,000

Harbor Springs Public Schools

800 State Road
Harbor Springs,MI49740 		NONE GOV Harbor Springs High School Stratford Theater Trip 10,000

Harbor Springs Public Schools

800 State Road
Harbor Springs,MI49740 		NONE GOV Harbor Springs High School Stratford Theater Trip 10,000

Harbor Springs Public Schools

800 State Road
Harbor Springs,MI49740 		NONE GOV general operating funds for the high school band 1,500

Heart of West Michigan United Way

118 Commerce Ave SW num 100
Grand Rapids,MI49503 		NONE PC Disaster recovery from water main break in Southeast Grand Rapids 10,000

Hermitage at Diamond

1009 Hermitage St SE
Grand Rapids,MI495061415 		NONE PC General operating 2,500

HOAP INC

PO BOX 8473
GRAND RAPIDS,MI495188473 		NONE PC A Pathway to Permanent Housing 10,000

Home Repair Services

1100 S Division Ave
Grand Rapids,MI49507 		NONE PC Annual Support 300

Home Repair Services of Kent County Inc

1100 S Division Ave
Grand Rapids,MI49507 		NONE PC Increase the capacity of the mobile home repair program, including the purchase of an electric cargo van, 7,500

Housing North

PO Box 1434
Traverse City,MI49685 		NONE PC Support for a regional housing fund and expansion of existing programs 100,000

ICCF Community Homes

415 MLK Jr St SE Ste 100
Grand Rapids,MI495071233 		NONE PC ICCF Annual Support 50

Institute for Justice

901 N GLEBE RD STE 900
ARLINGTON,VA222031854 		NONE PC general support 1,500

Interlochen Center for the Arts

PO Box 199
Interlochen,MI49643 		NONE PC Interlochen Arts Academy General Fund 5,000

Jewish Federation of Grand Rapids

2727 Michigan Street NE
Grand Rapids,MI49506 		NONE PC General operating support 2,500

Junior Achievement of the Michigan Great Lakes

4090 Lake Dr Southeast
Grand Rapids,MI49546 		NONE PC Support for digitization of older VHS videos 1,000

Kalamazoo College

1200 Academy St
Kalamazoo,MI49006 		NONE PC Kalamazoo College Fund 5,000

Kent County Parks Foundation

PO Box 230165
Grand Rapids,MI49523 		NONE PC General operating support 250

Land Conservancy of West Michigan

400 Ann St NW Suite 102
Grand Rapids,MI49504 		NONE PC General Support 2,000

Leukemia Research Foundation

191 Waukegan Rd Suite 105
Northfield,IL60093 		NONE PC In memory of Patricia Mohn 250

Literacy Center of West Michigan

1120 Monroe Avenue NW Suite 240
Grand Rapids,MI49503 		NONE PC Office Renovation and Relocation 7,000

Little Traverse Bay Humane Society

1300 West Conway Road
Harbor Springs,MI49740 		NONE PC Restricted support for the emergency care center 10,000

Little Traverse Bay Humane Society

1300 West Conway Road
Harbor Springs,MI49740 		NONE PC General operating support 1,500

Little Traverse Conservancy

3264 Powell Rd
Harbor Springs,MI49740 		NONE PC Save the Trees/Annual Support 5,000

Little Traverse Sailors

PO Box 583
Harbor Springs,MI49740 		NONE PC Scholarship program support to serve children from economically disadvantaged households 2,000

Make-A-Wish Michigan

20750 Civic Center Drive Suite 180
Southfield,MI48076 		NONE PC 2024 Wish-A-Mile Bicycle Tour 1,000

Marvelous Lifestyles Outreach Corporation

5110 28th St SE 1116
Grand Rapids,MI49512 		NONE PC Marvelous Kidz Learning Center 15,000

Mary Free Bed Hospital and Rehabilitation Center

235 Wealthy St SE
Grand Rapids,MI49503 		NONE PC A Shared Vision for Brighter Futures - Building a Pediatric Rehabilitation Hospital 300,000

Mary Free Bed Hospital and Rehabilitation Center

235 Wealthy St SE
Grand Rapids,MI49503 		NONE PC To organize holiday celebrations for children & youth receiving services during the holiday season 2,500

McLaren Northern Michigan Foundation

360 Connable Avenue
Petoskey,MI49770 		NONE PC To organize holiday celebrations for children & youth receiving services during the holiday season 2,500

Meaning In Colors

1253 Euclid Ave SE
Grand Rapids,MI495071745 		NONE PC Expansion of the Empowering Future Professional program 10,000

Michigan League for Public Policy

1223 Turner Street Suite G1
Lansing,MI48906 		NONE PC Champions for Kids Strong Kids sponsorship 20,000

Michigan Tech Fund

1400 Townsend Dr
Houghton,MI49931 		NONE PC Annual Support to MTU 5,000

Momentum Center

401 N 7th Street Grand Haven MI 49
Grand Haven,MI494171549 		NONE PC General operating support 10,000

Mosaic Counseling

1703 South Despelder Street
Grand Haven,MI494172649 		NONE PC YOU Matter Campaign 100,000

Mosaic Counseling

1703 South Despelder Street
Grand Haven,MI494172649 		NONE PC General operating support 10,000

Mountain Recreation Foundation

52 Lundgren Blvd
Gypsum,CO816375001 		NONE PC Eagle Valley Trail 1,500

Mountain Recreation Foundation

52 Lundgren Blvd
Gypsum,CO816375001 		NONE PC Eagle Valley Trail Contribution 500

Munson Healthcare Foundations

1150 Medical Campus Drive
Traverse City,MI49684 		NONE PC General operating support 52,200

Muskegon River Watershed Assembly

1009 Campus Drive JOH 200
Big Rapids,MI493072280 		NONE PC Organizational capacity building 10,000

National Wildlife Federation

213 West Liberty Street Num 200
Ann Arbor,MI481041398 		NONE PC Great Lakes Conference 2024 1,000

New City Kids Inc

960 Alpine Ave
Grand Rapids,MI49504 		NONE PC Teen Life Internship Program Enhancement and Expansion 20,000

New City Neighbors

1115 LEONARD ST NE
GRAND RAPIDS,MI495031233 		NONE PC Food security programming that empowers youth and address food insecurity 15,000

New Growth Project

8605 PETERSON ST NE
ROCKFORD,MI493419514 		NONE PC Growing Food, Growing People 1,000

No Surrender Running Club

1451 LAKE DR SE UNIT 6954
GRAND RAPIDS,MI495165041 		NONE PC Capacity Building Initiative 1,000

North Central Michigan College Foundation

1515 Howard Street
Petoskey,MI49770 		NONE PC Child Care Initiative Phase 2 90,000

North Central Michigan College Foundation

1515 Howard Street
Petoskey,MI49770 		NONE PC Ted Frey Scholarship program support 5,000

North Central Michigan College Foundation

1515 Howard Street
Petoskey,MI49770 		NONE PC Ted Frey Pursuit of Knowledge Memorial Scholarship 5,000

Northern Homes Community Development Corporation

PO Box 86
Boyne City,MI49712 		NONE PC Pinebridge Place Apartments 90,000

Northwest Avalanche Center

249 Main Ave S Suite 107 366
North Bend,WA98045 		NONE PC General operating support 250

Northwest Michigan Rural Housing Partnership

PO Box 1434
Traverse City,MI49685 		NONE PC Emmet and Charlevoix County Housing Ready Program Expansion 50,000

Oberlin College

PO Box 72110
Cleveland,OH441920002 		NONE PC Parents Fund 2,500

Opera Grand Rapids

1320 East Fulton
Grand Rapids,MI49503 		NONE PC Annual fund 5,000

Ottawa County Parks Foundation

PO Box 314
West Olive,MI49460 		NONE PC Fullfilling the Rosy Mound Vision 30,000

Petoskey Montessori Children's House

1560 East Mitchell Street
Petoskey,MI49770 		NONE PC Petoskey Montessori Childcare Capacity Expansion 5,000

Petoskey-Harbor Springs Area Community Foundation

1349 US-131 Suite A
Petoskey,MI49770 		NONE PC The Edward J. Frey Jr. Charitable Fund 90,500

Petoskey-Harbor Springs Area Community Foundation

1349 US-131 Suite A
Petoskey,MI49770 		NONE PC Youth Advisory Committee 5,000

Pine Rest Foundation

300 68th Street SE PO Box 165
Grand Rapids,MI495010165 		NONE PC Pine Rest Pediatric Center for Behavioral Health 300,000

Pine Rest Foundation

300 68th Street SE PO Box 165
Grand Rapids,MI495010165 		NONE PC Art & Therapeutic Supplies for the Pine Rest Pediatric Center 10,000

Planned Parenthood of Michigan

PO Box 3673
Ann Arbor,MI48106 		NONE PC General operating support 250

PlayMakers Repertory Company

Buchan House 523 E Franklin Street
Chapel Hill,NC27514 		NONE PC Community and Student Access Fund 25,000

Public Schools of Petoskey

1130 Howard Street
Petoskey,MI49770 		NONE GOV Petoskey High School performing arts/theatre program 1,500

River Network

PO Box 21387
Boulder,CO80308 		NONE PC River Rally 2024, a national summit of watershed conservation professionals and water advocates in Grand Rapids, MI. 10,000

Rotary Club of Little Traverse Bay Sunset

PO Box 2101
Petoskey,MI49770 		NONE PC Parker W. Rose Scholarship Fund 10,000

Rotary Club of Little Traverse Bay Sunset

PO Box 2101
Petoskey,MI49770 		NONE PC the Petoskey High School Vocational scholarship program 8,000

Saint Mary's Foundation

200 Jefferson Avenue SE
Grand Rapids,MI49503 		NONE PC Capital Campaign, Behavioral Health 10,000

Saint Mary's Foundation

200 Jefferson Avenue SE
Grand Rapids,MI49503 		NONE PC Capital Campaign, Behavioral Health 7,200

Saint Mary's Foundation

200 Jefferson Avenue SE
Grand Rapids,MI49503 		NONE PC Support for the New Mother's Celebration at Clinica Santa Maria 2,500

Schrems West Michigan Trout Unlimited

PO Box 230094
Grand Rapids,MI49523 		NONE PC Women on the Water 2024 2,000

Schrems West Michigan Trout Unlimited

PO Box 230094
Grand Rapids,MI49523 		NONE PC General operating support 250

South End Community Outreach Ministries

1545 Buchanan Avenue SW
Grand Rapids,MI49507 		NONE PC Early Childhood Education for Low-Income, High-Need Families 6,500

Star Center Theater

11 NE 23rd Ave
Gainesville,FL32609 		NONE PC General Fund 1,500

Stepping Stones Montessori

1110 College Northeast Grand Rapids
MI 49503
Grand Rapids,MI49503 		NONE PC General operating support 5,000

Temple Emanuel

1715 Fulton St E
Grand Rapids,MI495033802 		NONE PC Capital Campaign for Improvements 2,500

The 5 Gyres Institute

PO Box 5699
Santa Monica,CA904095699 		NONE PC Unrestricted 5,000

The Fund for Park Avenue

445 Park Avenue 9th Floor
New York,NY10022 		NONE PC Holiday tree lighting and Park Avenue planting 10,000

The Gerald R Ford Presidential Foundation

303 Pearl Street NW
Grand Rapids,MI49504 		NONE PC General operating support 500

The Grand Rapids Children's Museum

11 Sheldon Ave NE
Grand Rapids,MI49503 		NONE PC 2024 State of Play 5,000

The Grand Rapids Economic Club Charitable Foundation

220 Lyon NW Suite 220
Grand Rapids,MI49503 		NONE PC Collaborative pilot project to increase community access and inclusion through the sponsorship of a table at every lunch event for the 2024-2025 season 20,000

The Grand Rapids Economic Club Charitable Foundation

220 Lyon NW Suite 220
Grand Rapids,MI49503 		NONE PC 35th Annual Dinner 5,000

The Greater Grand Rapids Chamber Foundation

250 Monroe Ave NW Suite 150
Grand Rapids,MI49503 		NONE PC Tribute for Mayor Rosalynn Bliss 5,000

The Hippodrome Theater

25 SE 2nd Pl
Gainesville,FL326016567 		NONE PC General Fund 1,000

The Michigan Women's Foundation

535 Cascade West Parkway SE
Grand Rapids,MI49546 		NONE PC West Michigan Loan Officer ($100k) and Microlending Investment Fund ($50k) 100,000

The New School

66 West 12th Street
New York,NY10011 		NONE PC Milano School For Public Policy 1,500

The STEM Greenhouse

PO Box 8571
Kentwood,MI49518 		NONE PC Programming for high school students in GRPS 60,000

The University of Michigan

3003 South State Street Ste 8000
Ann Arbor,MI481091288 		NONE PC Dean's general fund at Ross School of Business 2,000

The Village99

625 Kenmoor Ave SE
Grand Rapids,MI495462395 		NONE PC Feasibility Study and Project Planning for a Community Resource Hub 10,000

The Young Americans Inc

1132 Olympic Dr
Corona,CA928813390 		NONE PC General operating funds for the Harbor Springs Summer Camp Program 5,000

Treetops Collective

906 Division Ave S
Grand Rapids,MI49507 		NONE PC Building to Belong Capital Campaign 15,000

Tri-Cities Alano Club

419 Fulton St PO Box 637
Grand Haven,MI494171233 		NONE PC General operating support 10,000

UNC Law Foundation

UNC Gift Services PO Box 309
Chapel Hill,NC275140309 		NONE PC Dean's Discretionary Fund 25,000

United Way of North Carolina

1130 Kildaire Farm Road Suite 100
Cary,NC27511 		NONE PC Hurricane Helene Relief 11,000

United Way of Northwest Michigan

4075 Copper Ridge Dr
Traverse City,MI496847059 		NONE PC Capacity building support for Char-Em United Way 10,000

University of Florida Foundation Inc

1938 West University Avenue
Gainesville,FL32603 		NONE PC Harn Museum of Art 3,000

University of Hartford

200 Bloomfield Avenue
West Hartford,CT061171599 		NONE PC General operating support 52,200

University of Hartford

200 Bloomfield Avenue
West Hartford,CT061171599 		NONE PC General fund support 2,500

University of North Carolina at Chapel Hill

140 Friday Center Dr
Chapel Hill,NC27517 		NONE PC The Carolina Performing Arts Student Ticket Angel Fund for the David G. Frey '64 '67 challenge grant 25,000

University of North Carolina at Chapel Hill

140 Friday Center Dr
Chapel Hill,NC27517 		NONE PC The Carolina Performing Arts Student Ticket Angel Fund for the David G. Frey '64 '67 challenge grant 25,000

University of North Carolina at Chapel Hill

140 Friday Center Dr
Chapel Hill,NC27517 		NONE PC Support for Shuford minor in entrepreneurship 2,000

University of North Carolina Chapel Hill Arts and Sciences Foundation

523 E Franklin Street
Chapel Hill,NC27514 		NONE PC Arts and Science Foundation 7,500

University of Oregon Foundation

1720 E 13th Avenue Suite 410
Eugene,OR974032253 		NONE PC Architecture Department Fund 5,000

University of Vermont Foundation

411 Main Street
Burlington,VT05401 		NONE PC Nutrition and Food Sciences program in the College of Agriculture and Life Sciences 2,000

Upwardly Global

505 8th Ave Suite 1704
New York,NY10018 		NONE PC General operating support 5,000

Urban League of West Michigan

745 Eastern Ave SE
Grand Rapids,MI49503 		NONE PC 24th Annual Dr. Martin Luther King, Jr., Corporate Breakfast 1,800

Ursinus College

601 E Main St
Collegeville,PA19426 		NONE PC Parents Fund 2,500

USS Silversides Museum

1346 Bluff St
Muskegon,MI494411089 		NONE PC The drydock fund in memory of Chris Gill 1,000

USS Silversides Museum

1346 Bluff St
Muskegon,MI494411089 		NONE PC The drydock fund in memory of Chris Gill 500

USS Silversides Submarine Museum

1346 Bluff St
Muskegon,MI494411089 		NONE PC Unrestricted 1,000

Vail Valley Foundation

PO Box 6550
Avon,CO81620 		NONE PC YouthPower365 1,500

Village of Baldwin DDA - Pure Markette

620 Washington PO Box 339
Baldwin,MI49304 		NONE PC The Pure Markette 250

Walking Mountains Science Center

PO Box 9469
Avon,CO81620 		NONE PC School Initiatives and Camps 1,500

West Michigan Chapter of Association of Fundraising Professionals

PO Box 6302
Grand Rapids,MI495166302 		NONE PC 2024 National Philanthropy Day 1,000

West Michigan Sports Commission

300 Ottawa Ave NW Suite 240
Grand Rapids,MI49503 		NONE PC Meijer Sports Complex expansion campaign 100,000

West Michigan Trails & Greenways Coalition

1345 Monroe Ave NW Suite 244
Grand Rapids,MI49505 		NONE PC Building Connections, Building Communities 150,000

Women's Audio Mission

542-544 Natoma Street num C-1
San Francisco,CA94103 		NONE PC General operation support 5,000

Women's Resource Center of Northern Michigan

423 Porter Street
Petoskey,MI49770 		NONE PC Empowering Bright Futures 19,000

Women's Resource Center of Northern Michigan

423 Porter Street
Petoskey,MI49770 		NONE PC Playroom Supplies for Empowering Bright Futures campaign 5,000

Young Men's Christian Association of Greater Grand Rapids

475 Lake Michigan Drive NW
Grand Rapids,MI49504 		NONE PC The development of a childcare center in Rapid Central Station in downtown Grand Rapids and its first year of programming 390,000

Young Money Finances

454 Crawford St SE
Grand Rapids,MI495071838 		NONE PC We Matter Now Conference 10,000
Total .................................right arrow 3a 4,780,950
bApproved for future payment

The Ruffed Grouse Society of America
100 Hightower BlVD Suite 101
Coraopolis,PA15205 		NONE PC General Operating (MI if able) 250

East Grand Rapids Community Foundation
750 Lakeside Drive Southeast
East Grand Rapids,MI495063029 		NONE PC General Support 500

East Grand Rapids Community Foundation
750 Lakeside Drive Southeast
East Grand Rapids,MI495063029 		NONE PC General Support 500

Harbor Springs Lyric Theatre
275 East Main
Harbor Springs,MI49740 		NONE PC Loving Support! 1,000

Harbor Springs Lyric Theatre
275 East Main
Harbor Springs,MI49740 		NONE PC Loving Support! 1,000

Mountain Recreation Foundation
52 Lundgren Blvd
Gypsum,CO816375001 		NONE PC Eagle Valley Trail 1,000

Arbor Circle
1115 Ball Ave NE
Grand Rapids,MI49505 		NONE PC General Support 1,500

Arbor Circle
1115 Ball Ave NE
Grand Rapids,MI49505 		NONE PC General Support 1,500

Walking Mountains Science Center
PO Box 9469
Avon,CO81620 		NONE PC School Initiatives and Camps 1,500

Walking Mountains Science Center
PO Box 9469
Avon,CO81620 		NONE PC School Initiatives and Camps 1,500

YouthPower365
PO Box 6550
Avon,CO81620 		NONE PC YouthPower365 1,500

YouthPower365
PO Box 6550
Avon,CO81620 		NONE PC YouthPower365 1,500

Alachua County Public Schools
620 East University Avenue
Gainesville,FL326015498 		NONE GOV Eastside High School 2,500

Jewish Federation of Grand Rapids
2727 Michigan Street NE
Grand Rapids,MI49506 		NONE PC General operating support 2,500

Jewish Federation of Grand Rapids
2727 Michigan Street NE
Grand Rapids,MI49506 		NONE PC General operating support 2,500

University of Florida Foundation Inc
1938 West University Avenue
Gainesville,FL32603 		NONE PC UF Performing Arts 2,500

Saint Mary's Foundation
200 Jefferson Avenue SE
Grand Rapids,MI49503 		NONE PC Capital Campaign, Behavioral Health 2,800

Alachua County Public Schools
620 East University Avenue
Gainesville,FL326015498 		NONE GOV Eastside High School 3,000

Boy Scouts of America North Florida Council Inc
521 S Edgewood Avenue
Jacksonville,FL32205 		NONE PC General Fund 3,000

FLOW For Love of Water
440 West Front Street Suite 100
Traverse City,MI496842265 		NONE PC Art Meets Water 3,000

FLOW For Love of Water
440 West Front Street Suite 100
Traverse City,MI496842265 		NONE PC Art Meets Water 3,000

EARTH University Foundation
151 Ellis Street NE Floor 1 Suite 1
33
Atlanta,GA30303 		NONE PC General operating support 5,000

EARTH University Foundation
151 Ellis Street NE Floor 1 Suite 1
33
Atlanta,GA30303 		NONE PC General operating support 5,000

Grand Rapids Civic Theatre
30 Division Ave N
Grand Rapids,MI49503 		NONE PC Annual fund 5,000

Grand Rapids Civic Theatre Inc
30 Division Ave N
Grand Rapids,MI49503 		NONE PC Annual fund 5,000

Greater Michigan Council Inc Boy Scouts of America
3213 Walker Ave NW
Grand Rapids,MI49544 		NONE PC The Leadership Dinner 5,000

Opera Grand Rapids
1320 East Fulton
Grand Rapids,MI49503 		NONE PC Annual fund 5,000

Opera Grand Rapids
1320 East Fulton
Grand Rapids,MI49503 		NONE PC Annual fund 5,000

THE YOUNG AMERICANS INC
1132 OLYMPIC DR
CORONA,CA928813390 		NONE PC general operating funds for the Harbor Springs Summer Camp Program 5,000

University of Florida Foundation Inc
1938 West University Avenue
Gainesville,FL32603 		NONE PC UF College of Medicine 5,000

University of Florida Foundation Inc
1938 West University Avenue
Gainesville,FL32603 		NONE PC UF Cancer Center 5,000

University of Florida Foundation Inc
1938 West University Avenue
Gainesville,FL32603 		NONE PC Florida Museum of Natural History 5,000

Rotary Club of Little Traverse Bay Sunset
PO Box 2101
Petoskey,MI49770 		NONE PC the Petoskey High School Vocational scholarship program 8,000

Grand Action Foundation 20
125 Ottawa Ave NW Suite 152
Grand Rapids,MI495032837 		NONE PC General support for amphitheater and soccer stadium 10,000

Saint Mary's Foundation
200 Jefferson Avenue SE
Grand Rapids,MI49503 		NONE PC Capital Campaign, Behavioral Health 10,000

The Fund for Park Avenue
445 Park Avenue 9th Floor
New York,NY10022 		NONE PC Holiday tree lighting and Park Avenue planting 10,000

Harbor Springs Area Historical Society
PO Box 812
Harbor Springs,MI497401513 		NONE PC Bringing History to Life campaign 25,000

PlayMakers Repertory Company
Buchan House 523 E Franklin Street
Chapel Hill,NC27514 		NONE PC Community and Student Access Fund 25,000

UNC Law Foundation
UNC Gift Services PO Box 309
Chapel Hill,NC275140309 		NONE PC Dean's Discretionary Fund 25,000

Downtown Grand Rapids Inc
29 Pearl St NW Suite 1
Grand Rapids,MI49503 		NONE PC Building organizational capacity and infrastructure (2024 renewal) 50,000

Michigan Women Forward
535 Cascade West Parkway SE
Grand Rapids,MI49546 		NONE PC West Michigan Loan Officer ($100k) and Microlending Investment Fund ($50k) 50,000

UNC Law Foundation
UNC Gift Services PO Box 309
Chapel Hill,NC275140309 		NONE PC Dean's Discretionary Fund 50,000

Grand Valley State University
301 Fulton Street West PO Box 2005
Grand Rapids,MI495012005 		NONE PC Fully endow the Frey Foundation Chair for Family Philanthropy 200,000

Grand Rapids Whitewater Inc
120 Lyon St NW
Grand Rapids,MI49503 		NONE PC The construction portion of restoring the Lower Reach of the Grand River 350,000

Grand Action Foundation 20
125 Ottawa Ave NW Suite 152
Grand Rapids,MI495032837 		NONE PC Soccer Stadium near Downtown Grand Rapids 500,000

Grand Action Foundation 20
125 Ottawa Ave NW Suite 152
Grand Rapids,MI495032837 		NONE PC Soccer Stadium near Downtown Grand Rapids 500,000

Grand Action Foundation 20
201 Monroe Ave NW Suite 500
Grand Rapids,MI49503 		NONE PC Acrisure Amphitheater in Downtown Grand Rapids 500,000

Grand Action Foundation 20
125 Ottawa Ave NW Suite 152
Grand Rapids,MI495032837 		NONE PC Soccer Stadium near Downtown Grand Rapids 500,000
Total ................................. right arrow 3b 2,906,050
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 863  
4 Dividends and interest from securities ....     14 905,463  
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 ............ 		901101 -8,053 18 9,603  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 other income 		901101 123,746 14 -123,746  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 115,693 792,183 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
907,876
(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: 24020961
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
accounting fees 64,575 9,686   54,789

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

TY 2024 DepreciationSchedule
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Depreciation Expense   1,208,444 510,243 Straight Line   88,689 13,303    

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

TY 2024 GainLossSaleOtherAssetsSch
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
REALIZED INVESTMENT GAIN/(LOSSES)   P     30,766,840 30,765,290     1,550  

TY 2024 InvestmentsOtherSchedule2
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
global equity funds FMV 88,850,840 88,850,840
hedge funds FMV 16,696,246 16,696,246
fixed-income funds FMV 10,439,612 10,439,612
limited partnerships FMV 35,619,610 35,619,610
Money Market Mutual Funds FMV 3,399,887 3,399,887

TY 2024 LandEtcSchedule2
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE EQUIPMENT 473,796 335,758 138,038 138,038
LEASEHOLD IMPROVEMENTS 821,452 542,614 278,838 278,838


TY 2024 LegalFeesSchedule
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 50,385 971   44,817


TY 2024 MortgagesAndNotesPayableSch
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Total Mortgage Amount: 378,461

Item No. 1
Lender's Name JP Morgan Chase Bank
Lender's Title  
Relationship to Insider none
Original Amount of Loan 750,000
Balance Due 261,566
Date of Note 2020-04
Maturity Date 2027-04
Repayment Terms monthly for seven years
Interest Rate 2.75
Security Provided by Borrower borrower's investment property, financial assets, instruments
Purpose of Loan office remodel
Description of Lender Consideration  
Consideration FMV  


TY 2024 OtherAssetsSchedule
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED DIVIDEND INCOME 40,932 54,769 54,769
ART WORK 1,166,678 1,166,678 1,166,678
RIGHT OF USE LEASE ASSET 650,451 558,518 558,518
Program Related Investment 250,000 450,000 450,000


TY 2024 OtherExpensesSchedule
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Communications 21,793 3,269   21,793
COMPUTER/TECHNOLOGY SUPPORT 70,083 10,512   56,558
MEMBERSHIP & DUES 58,791 278   55,429
EQUIPMENT LEASE 4,832 725   3,888
INSURANCE 20,299 3,045   16,655
POSTAGE 54 8   46
TELEPHONE/Internet 22,608 3,391   17,624
Miscellaneous 6,687 5,472   4,939
OFFICE SUPPLIES 5,160 754   3,442


TY 2024 OtherIncomeSchedule2
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME/(LOSS)   98,298  


TY 2024 OtherIncreasesSchedule
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Description Amount
UNREALIZED GAIN 20,925,865


TY 2024 OtherLiabilitiesSchedule
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Description Beginning of Year - Book Value End of Year - Book Value
LEASE LIABILITY 666,409 579,204


TY 2024 OtherProfessionalFeesSchedule
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Consultants 200,000 200,000    
Investment Trustee Fees 28,000 28,000    


TY 2024 TaxesSchedule
Name:
Frey Foundation
EIN:
23-7094777
Software ID:
24020961
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 65,000      
FOREIGN TAXES   14,336