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
HENRY P & SUSAN C CROWELL TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)102 N CASCADE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLORADO SPRINGS, CO80903
A Employer identification number

36-6038028
B Telephone number (see instructions)

(719) 645-8119
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$128,665,991J 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      
4 Dividends and interest from securities... 2,265,055 2,265,055  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 21,518,109
b Gross sales price for all assets on line 6a 103,684,875
7 Capital gain net income (from Part IV, line 2)... 21,518,109
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,106,362 1,942,659  
12 Total. Add lines 1 through 11........ 25,889,526 25,725,823  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 646,179 229,215   416,964
14 Other employee salaries and wages...... 196,357 0   196,357
15 Pension plans, employee benefits....... 61,515 0   61,515
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
3,406 0   3,406
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,775 16,888   16,887
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
263,233 31,330   383
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 71,584 0   71,584
21 Travel, conferences, and meetings....... 26,789 0   26,789
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,184,083 1,114,946   65,586
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,486,921 1,392,379   859,471
25 Contributions, gifts, grants paid....... 5,021,675 5,021,675
26 Total expenses and disbursements. Add lines 24 and 25 7,508,596 1,392,379   5,881,146
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,380,930
b Net investment income (if negative, enter -0-) 24,333,444
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 155,854 15,644,872 15,644,872
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,076,968 Click to see attachment
List of Attached Documents:
// Content
9,768,929 		9,725,820
b Investments—corporate stock (attach schedule)....... 40,999,942 Click to see attachment
List of Attached Documents:
// Content
43,354,982 		43,575,920
c Investments—corporate bonds (attach schedule)....... 2,977,034 0 0
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 51,431,287 Click to see attachment
List of Attached Documents:
// Content
45,941,396 		57,690,955
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,053 		Click to see attachment
List of Attached Documents:
// Content
2,028,424 		Click to see attachment
List of Attached Documents:
// Content
2,028,424
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 97,642,138 116,738,603 128,665,991
Liabilities 17 Accounts payable and accrued expenses.......... 1,285 5,569
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,285 5,569
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 97,640,853 98,352,104
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 18,380,930
29 Total net assets or fund balances (see instructions)..... 97,640,853 116,733,034
30 Total liabilities and net assets/fund balances (see instructions). 97,642,138 116,738,603
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
97,640,853
2
Enter amount from Part I, line 27a .....................
2
18,380,930
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
711,251
4
Add lines 1, 2, and 3 ..........................
4
116,733,034
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
116,733,034
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 MFC FLEXSHARES TR TR IBOXX 3 YR TARGET DURATION TIPS INDEX FD   2023-11-28 2024-01-04
b MFC ISHARES TR 5-10 YEAR INVESTMENT GRADE CORP BOND ETF   2023-01-27 2024-01-04
c MFO DFA US LARGE CAP VALUE PORT     2024-01-04
d MFC ISHARES TR 5-10 YEAR INVESTMENT GRADE CORP BOND ETF   2023-06-15 2024-02-14
e MFO DFA INVESTMENT DIMENSIONS GROUP US CORE EQUITY PORT 1   2024-01-04 2024-02-15
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2024-02-01 2024-02-29
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-02-01 2024-02-29
MFC FLEXSHARES TR TR IBOXX 3 YR TARGET DURATION TIPS INDEX FD     2024-03-15
MFO AQR INTERNATIONAL MOMENTUM STYLE-R6   2023-12-18 2024-03-18
MFO DFA INVESTMENT DIMENSIONS GROUP US CORE EQUITY PORT 1   2024-01-04 2024-03-18
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2024-02-01 2024-03-29
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-02-01 2024-03-29
MFC ETF FLEXSHARES ULTRA-SHORT INC     2024-04-23
MFC ISHARES TR 5-10 YEAR INVESTMENT GRADE CORP BOND ETF     2024-04-23
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2024-02-01 2024-04-30
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-02-01 2024-04-30
MFC FLEXSHARES TR MORNINGSTAR DEVELOPED MARKETS EX US FACTOR TILT INDEX FD   2024-03-15 2024-05-10
MFC FLEXSHARES TR TR IBOXX 3 YR TARGET DURATION TIPS INDEX FD     2024-05-10
MFO BLACKROCK FDS V HIGH YIELD BD PORT     2024-05-13
MFO DFA US LARGE CAP VALUE PORT   2024-03-27 2024-05-20
MFO GOLDMAN SACHS TR ABSOLUTE RETURN   2024-02-15 2024-05-20
MFO BLACKROCK FDS V HIGH YIELD BD PORT   2023-11-28 2024-05-21
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2024-02-01 2024-05-31
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-02-01 2024-05-31
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2024-06-03 2024-06-28
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-06-03 2024-06-28
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2024-06-03 2024-07-31
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-06-03 2024-07-31
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2024-06-03 2024-08-30
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-06-03 2024-08-30
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2024-06-03 2024-09-30
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-06-03 2024-09-30
MFC DIMENSIONAL ETF TR INTL CORE ETF - CORPORATE STOCK   2024-05-10 2024-09-30
MFO DFA INVESTMENT DIMENSIONS GROUP US CORE EQUITY PORT 1     2024-09-30
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS     2024-10-01
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD     2024-10-01
MFB NORTHERN FUNDS US GOV'T FD     2024-10-04
MFC ISHARES U.S. TREASURY BOND ETF     2024-10-04
MFC DIMENSIONAL ETF TR INTL CORE ETF   2024-05-10 2024-10-25
MFC FLEXSHARES TRUST HIGH YIELD VALUE SCORED BOND INDEX FUND     2024-10-25
MFC ISHARES INC ESG AWARE MSCI EM ETF     2024-10-25
MFC ISHARES U.S. TREASURY BOND ETF   2024-04-23 2024-10-25
MFO AQR INTERNATIONAL MOMENTUM STYLE-R6   2023-12-18 2024-10-25
MFO AQR LARGE CAP MOMENTUM STYLE-R6   2023-12-18 2024-10-25
MFO BLACKROCK FDS V HIGH YIELD BD PORT   2023-11-28 2024-10-25
MFO DFA INVESTMENT DIMENSIONS GROUP INC US SMALL CAP     2024-10-25
MFO DFA INVESTMENT DIMENSIONS GROUP US CORE EQUITY PORT 1     2024-10-25
MFO DFA US LARGE CAP VALUE PORT     2024-10-25
BUILDER'S FIRST SOURCE INC.   2024-11-11 2024-11-12
PORTLAND GENERAL ELECTRIC CO   2024-11-05 2024-11-12
ADVANCED MICRO DEVICES     2024-11-20
AMERICAN WATER WORKS     2024-11-20
ASML HOLDING NV NY     2024-11-20
CAPGEMINI S E UNSPONSORED ADR   2024-11-04 2024-11-22
ITAU UNIBANCO HLDG SA SPONSORED ADR     2024-11-22
JAMES HARDIE INDS PLC SPONSORED ADR     2024-11-22
LOREAL CO ADR   2024-11-05 2024-11-22
NESTLE S A SPONSORED ADR   2024-11-04 2024-11-22
ALEXANDRIA REAL ESTATE EQ     2024-12-17
MONGODB INC CL A     2024-12-17
AIRBNB INC     2024-12-24
CAPGEMINI S E UNSPONSORED ADR   2024-11-04 2024-12-06
SIKA AG UNSPONSORED ADR   2024-11-04 2024-12-06
TOTAL S A SPONSORED ADR     2024-12-06
CAPGEMINI S E UNSPONSORED ADR     2024-12-20
TOKYO ELECTRONICS LTD     2024-12-20
ESSILOR LUXOTTICA UNSPONSORED ADR     2024-12-24
TOTAL S A SPONSORED ADR     2024-12-24
MFC ISHARES TR 5-10 YEAR INVESTMENT GRADE CORP BOND ETF   2022-03-25 2024-01-04
MFC ISHARES TR 5-10 YEAR INVESTMENT GRADE CORP BOND ETF     2024-01-04
MFO DFA INVESTMENT DIMENSIONS GROUP INC US SMALL CAP   2021-06-01 2024-01-04
MFO DFA US LARGE CAP VALUE PORT     2024-01-04
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2023-01-03 2024-01-31
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2023-01-03 2024-01-31
MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD     2024-02-14
MFC ISHARES TR 5-10 YEAR INVESTMENT GRADE CORP BOND ETF   2023-01-27 2024-02-14
MFO AQR LARGE CAP MOMENTUM STYLE-R6     2024-02-15
MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD     2024-03-15
MFC ISHARES INC ESG AWARE MSCI EM ETF   2020-10-21 2024-03-15
MFO AQR LARGE CAP MOMENTUM STYLE-R6   2013-11-13 2024-03-18
MFO DFA US LARGE CAP VALUE PORT   2020-01-27 2024-03-18
MFC ISHARES TR 5-10 YEAR INVESTMENT GRADE CORP BOND ETF     2024-04-23
MFB NORTHERN FUNDS US GOV'T FD     2024-05-10
MFC FLEXSHARES TR MORNINGSTAR DEVELOPED MARKETS EX US FACTOR TILT INDEX FD     2024-05-10
MFC FLEXSHARES TRUST HIGH YIELD VALUE SCORED BOND INDEX FUND     2024-05-10
MFC ETF FLEXSHARES ULTRA-SHORT INC   2023-04-24 2024-05-20
MFC FLEXSHARES TRUST HIGH YIELD VALUE SCORED BOND INDEX FUND   2022-02-18 2024-05-20
MFC ISHARES INC ESG AWARE MSCI EM ETF   2020-10-21 2024-05-20
MFO AQR LARGE CAP MOMENTUM STYLE-R6   2013-11-13 2024-05-20
MFO DFA INVESTMENT DIMENSIONS GROUP INC US SMALL CAP     2024-05-20
MFO DFA US LARGE CAP VALUE PORT   2020-01-27 2024-05-20
MFO GOLDMAN SACHS TR ABSOLUTE RETURN   2023-04-24 2024-05-20
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2023-01-03 2024-10-01
MAF GLOBAL EMERGING MARKETS EQUITY FUND AXIOM INVESTORS   2023-01-03 2024-10-01
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-01-03 2024-10-01
MAF GLOBAL EMERGING MARKETS FUND WESTWOOD   2024-01-03 2024-10-01
MFB NORTHERN FUNDS US GOV'T FD     2024-10-04
MFC ETF FLEXSHARES ULTRA-SHORT INC   2023-03-21 2024-10-04
MFC ETF FLEXSHARES ULTRA-SHORT INC     2024-10-04
WM ALTS WNT TREND FUND LTD     2024-10-16
MFC FLEXSHARES TRUST HIGH YIELD VALUE SCORED BOND INDEX FUND     2024-10-25
MFC ISHARES INC ESG AWARE MSCI EM ETF     2024-10-25
MFO AQR INTERNATIONAL MOMENTUM STYLE-R6     2024-10-25
MFO AQR LARGE CAP MOMENTUM STYLE-R6     2024-10-25
MFO BLACKROCK FDS V HIGH YIELD BD PORT     2024-10-25
MFO DFA INVESTMENT DIMENSIONS GROUP INC US SMALL CAP     2024-10-25
MFO DFA INVESTMENT DIMENSIONS GROUP US CORE EQUITY PORT 1     2024-10-25
MFO DFA US LARGE CAP VALUE PORT     2024-10-25
MFO GOLDMAN SACHS TR ABSOLUTE RETURN     2024-10-25
WM ALTS TOPS LONG/SHORT EQUITY LTD - CORPORATE STOCK     2024-11-20
NORTHERN TRUST WASH SALE ADJUSTMENTS     2024-12-31
WHITTIER TRUST WASH SALE ADJUSTMENTS     2024-12-31
PARTNERSHIP LONG-TERM CAPITAL GAINS     2024-12-31
PARTNERSHIP SHORT-TERM CAPITAL GAINS P   2024-12-31
(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 598,600   593,662 4,938
b 447,220   447,876 -656
c 190,912   183,714 7,198
d 127,462   126,401 1,061
e 400,000   373,587 26,413
829   788 41
1,014   992 22
698,421   692,561 5,860
125,000   111,514 13,486
300,000   273,684 26,316
855   788 67
1,028   992 36
1,348,530   1,344,500 4,030
1,386,290   1,375,343 10,947
844   788 56
998   991 7
1,022,356   998,722 23,634
1,220,305   1,213,304 7,001
600,000   594,169 5,831
23,864   24,045 -181
129,572   125,000 4,572
100,000   96,871 3,129
856   786 70
1,001   989 12
1,380   1,315 65
1,609   1,542 67
1,358   1,314 44
1,601   1,542 59
1,382   1,314 68
1,609   1,540 69
1,420   1,312 108
1,636   1,539 97
298,219   282,371 15,848
800,000   738,811 61,189
1,282,096   1,141,594 140,502
1,218,056   1,139,873 78,183
654   654 0
1,772,092   1,738,587 33,505
12,473,681   12,466,843 6,838
673,980   659,907 14,073
4,435,631   4,351,746 83,885
3,297,885   3,204,225 93,660
45,046   39,386 5,660
218,748   171,434 47,314
70,568   67,118 3,450
32,081   30,905 1,176
2,710,361   2,459,314 251,047
50,454   48,659 1,795
16,722   16,691 31
29,249   28,352 897
194,076   198,005 -3,929
137,037   134,233 2,804
269,098   273,003 -3,905
3,719   4,101 -382
37,267   38,883 -1,616
7,420   7,697 -277
3,785   4,204 -419
3,680   4,070 -390
101,496   109,410 -7,914
89,984   92,833 -2,849
103,852   106,314 -2,462
7,829   8,485 -656
3,848   4,087 -239
7,833   8,665 -832
9,563   10,457 -894
9,128   9,179 -51
9,304   9,528 -224
20,831   23,792 -2,961
138,929   147,239 -8,310
503,662   510,096 -6,434
300,000   336,442 -36,442
159,088   136,617 22,471
435   421 14
576   495 81
699,004   591,844 107,160
545,536   550,836 -5,300
275,000   299,717 -24,717
378,833   270,399 108,434
57,870   67,307 -9,437
75,000   71,769 3,231
150,000   118,429 31,571
733,327   749,174 -15,847
1,350,000   1,381,447 -31,447
10,302,760   8,625,729 1,677,031
799,864   929,819 -129,955
595,308   591,256 4,052
198,873   228,450 -29,577
147,217   160,788 -13,571
50,000   46,426 3,574
100,000   102,826 -2,826
176,136   136,492 39,644
70,428   64,465 5,963
472,697   389,634 83,063
248,539   204,863 43,676
224,860   179,565 45,295
518,391   413,967 104,424
629,851   618,553 11,298
222,346   220,522 1,824
402,787   400,034 2,753
2,287,112   2,040,000 247,112
1,430,153   1,469,268 -39,115
1,031,875   979,266 52,609
1,217,015   984,460 232,555
2,454,982   1,992,052 462,930
2,387,171   2,260,293 126,878
3,837,944   3,020,944 817,000
18,538,668   6,896,758 11,641,910
5,086,822   3,389,884 1,696,938
513,830   461,319 52,511
2,888,302   1,900,000 988,302
22,674     22,674
2,983     2,983
2,072,636     2,072,636
202,166     202,166
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       4,938
b       -656
c       7,198
d       1,061
e       26,413
      41
      22
      5,860
      13,486
      26,316
      67
      36
      4,030
      10,947
      56
      7
      23,634
      7,001
      5,831
      -181
      4,572
      3,129
      70
      12
      65
      67
      44
      59
      68
      69
      108
      97
      15,848
      61,189
      140,502
      78,183
      0
      33,505
      6,838
      14,073
      83,885
      93,660
      5,660
      47,314
      3,450
      1,176
      251,047
      1,795
      31
      897
      -3,929
      2,804
      -3,905
      -382
      -1,616
      -277
      -419
      -390
      -7,914
      -2,849
      -2,462
      -656
      -239
      -832
      -894
      -51
      -224
      -2,961
      -8,310
      -6,434
      -36,442
      22,471
      14
      81
      107,160
      -5,300
      -24,717
      108,434
      -9,437
      3,231
      31,571
      -15,847
      -31,447
      1,677,031
      -129,955
      4,052
      -29,577
      -13,571
      3,574
      -2,826
      39,644
      5,963
      83,063
      43,676
      45,295
      104,424
      11,298
      1,824
      2,753
      247,112
      -39,115
      52,609
      232,555
      462,930
      126,878
      817,000
      11,641,910
      1,696,938
      52,511
      988,302
      22,674
      2,983
      2,072,636
      202,166
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 21,518,109
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) 1 338,235
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........................... 3 338,235
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- ..... 5 338,235
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 67,500
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 67,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 14,541
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 285,276
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.CROWELLTRUST.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (719) 645-8119

Located atright arrow102 N CASCADE STE 300COLORADO SPRINGSCO ZIP+4right arrow80903
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
JANE OVERSTREET TRUSTEE
4.50 		44,100 0 0
102 N CASCADE 300
COLORADO SPRINGS,CO80903
JOHN LEWIS TREASURER
4.50 		44,100 0 0
102 N CASCADE 300
COLORADO SPRINGS,CO80903
KARA POWELL SECRETARY
4.50 		44,100 0 0
102 N CASCADE 300
COLORADO SPRINGS,CO80903
PAUL BORTHWICK CHAIRPERSON
4.50 		44,100 0 0
102 N CASCADE 300
COLORADO SPRINGS,CO80903
THOMAS LIN TRUSTEE
4.50 		44,100 0 0
102 N CASCADE 300
COLORADO SPRINGS,CO80903
THE NORTHERN TRUST COMPANY TRUSTEE
40.00 		194,721 0 0
102 N CASCADE 300
COLORADO SPRINGS,CO80903
WHITTIER TRUST TRUSTEE
40.00 		0 0 0
100 W LIBERTY ST STE 890
RENO,NV89501
CANDACE SPARKS EXECUTIVE DIRECTOR
40.00 		218,314 12,644 0
102 N CASCADE 300
COLORADO SPRINGS,CO89501
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
LORI DREXLER PROGRAM OFFICER
40.00 		125,493 5,120 0
102 N CASCADE STE 300
COLORADO SPRINGS,CO80903
ANGELA HUNTER PROGRAM SUPPORT OFFI
40.00 		70,864 2,779 0
102 N CASCADE STE 300
COLORADO SPRINGS,CO80903
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
NONE
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  
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
125,192,173
b
Average of monthly cash balances.......................
1b
213,315
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
125,405,488
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
125,405,488
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,881,082
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
123,524,406
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,176,220
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
6,176,220
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
338,235
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
2,537
c
Add lines 2a and 2b............................
2c
340,772
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,835,448
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,835,448
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
5,835,448
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
5,881,146
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
5,881,146
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 5,835,448
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 5,701,300
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 5,881,146
a Applied to 2023, but not more than line 2a 5,701,300
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..... 179,846
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		5,655,602
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
THE CROWELL TRUST
102 N CASCADE SUITE 300
COLORADO SPRINGS,CO80903
(719) 272-8300
bThe form in which applications should be submitted and information and materials they should include:
PLEASE CONSULT THE ORGANIZATION'S WEBSITE TO COMPLETE THE SELF-SCREENING TOOL FOR GRANT ELIGIBILITY
cAny submission deadlines:
APPLICATIONS MUST BE SUBMITTED BY JANUARY 15 OR JUNE 15 OF EACH YEAR.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
PLEASE CONSULT THE ORGANIZATION'S WEBSITE TO COMPLETE THE SELF-SCREENING TOOL FOR GRANT ELIGIBILITY
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

A FAMILY FOR EVERY ORPHAN

600 1ST AVE SUITE 330 PMB 37939
SEATTLE,WA98104 		  PC GENERAL FUND 80,000

ACTS MINISTRY

PO BOX 6305
COLORADO SPRINGS,CO80934 		  PC GENERAL FUND 3,000

ACTS MINISTRY

4775 GRANBY CIRCLE
COLORADO SPRINGS,CO80919 		  PC GENERAL FUND 12,000

AFRICA NEW LIFE MINISTRIES INTERNATIONAL

7405 SW TECH CENTER DR STE 144
PORTLAND,OR97223 		  PC GENERAL FUND 15,000

ALL NATIONS INTERNATIONAL INC

PO BOX 901253
KANSAS CITY,MO64190 		  PC GENERAL FUND 40,000

ALLIANCE FOR CHILDREN EVERYWHERE

PO BOX 1568
RIDGEFIELD,WA98642 		  PC GENERAL FUND 15,000

ARAB BAPTIST THEOLOGICAL SEMINARY ABTS

1633 MT VERNON RD STE 300
ATLANTA,GA30338 		  PC GENERAL FUND 100,000

BANGUI EVANGELICAL SCHOOL OF THEOLOGY (BEST)FATEB

302 W 5TH ST STE 210
SAN PEDRO,CA90731 		  PC GENERAL FUND 175,000

BETHLEHEM BIBLE COLLEGE

614-C SOUTH BUSINESS IX-35
NEW BRAUNFELS,TX78130 		  PC GENERAL FUND 50,000

BIBLE STUDENTS FELLOWSHIP BANGLADESH (BSFB) - (DAI FISCAL SPONSOR)

C/O DAI - PO BOX 49278
COLORADO SPRINGS,CO80949 		  PC GENERAL FUND 1,000

BIBLE STUDENTS FELLOWSHIP OF BANGLADESH (BSFB) - (DAI FISCAL SPONSOR)

PO BOX 49278
COLORADO SPRINGS,CO80919 		  PC GENERAL FUND 100,000

BIJOY INTER-CHURCH MINISTRIES TRUST (DAI FISCAL SPONSOR)

PO BOX 4927
COLORADO SPRINGS,CO80949 		  PC GENERAL FUND 2,000

CALVARY MINISTRIES-CAPRO USA INC

7130 MINSTREL WAY SUITE 210
COLUMBIA,MD21045 		  PC GENERAL FUND 40,000

CHRISTIAN ALLIANCE FOR ORPHANS

6723 WHITTIER AVE STE 202
MCLEAN,VA22101 		  PC GENERAL FUND 20,000

CHRISTIANITY TODAY

PO BOX 788
WHEATON,IL60187 		  PC GENERAL FUND 20,000

CHRISTIANS FOR BIBLICAL EQUALITY

122 W FRANKLIN AVE STE 610
MINNEAPOLIS,MN55404 		  PC GENERAL FUND 35,000

CONGO INITIATIVE

5540 CENTERVIEW DR STE 204 PMB
85858
RALEIGH,NC27606 		  PC GENERAL FUND 50,000

CURE INTERNATIONAL

70 IONIA AVE SW STE 200
GRAND RAPIDS,MI49503 		  PC GENERAL FUND 35,000

DENVER SEMINARY

6399 S SANTA FE DRIVE
LITTLETON,CO80120 		  PC GENERAL FUND 30,000

DEVELOPMENT ASSOCIATES INTERNATIONAL

PO BOX 4927
COLORADO SPRINGS,CO80949 		  PC GENERAL FUND 2,200

DEVELOPMENT ASSOCIATES INTERNATIONAL

PO BOX 4927
COLORADO SPRINGS,CO80949 		  PC GENERAL FUND 2,000

DEVELOPMENT ASSOCIATES INTERNATIONAL- DAI

PO BOX 49278
COLORADO SPRINGS,CO80919 		  PC GENERAL FUND 200,000

DREAM CENTERS OF COLORADO SPRINGS

11025 VOYAGER PARKWAY
COLORADO SPRINGS,CO80921 		  PC GENERAL FUND 28,000

ECHO INC

17931 DURRANCE RD
NORTH FORT MYERS,FL33917 		  PC GENERAL FUND 40,000

EDIFY

PO BOX 986500 DEPARTMENT 2410
BOSTON,MA02298 		  PC GENERAL FUND 60,000

ELAM MINISTRIES

5755 NORTH POINT PARKWAY SUITE 217
ALPHARETTA,GA30022 		  PC GENERAL FUND 100,000

ENGINEERING MINISTRIES INTERNATIONAL

7025 CAMPUS DR
COLORADO SPRINGS,CO80920 		  PC GENERAL FUND 50,000

ENGLISH LANGUAGE INSTITUTECHINA ELIC

1629 BLUE SPRUCE DRIVE
FORT COLLINS,CO80524 		  PC GENERAL FUND 50,000

EVANGELICAL THEOLOGICAL SEMINARY IN CAIRO

PO BOX 6475
MONROE TOWNSHIP,NJ08831 		  PC GENERAL FUND 41,675

EVERY GENERATION MINISTRIES

PO BOX 891179
TEMECULA,CA92589 		  PC GENERAL FUND 40,000

FAITHTECH

C/O ROBERT LIPPS 3035 SE 16TH ST
NORTH BEND,WA98045 		  PC GENERAL FUND 30,000

FIVE TALENTS USA

PO BOX 331
VIENNA,VA22183 		  PC GENERAL FUND 15,000

FREEDOM TO LEAD INTERNATIONAL

PO BOX 3
CARY,NC27512 		  PC GENERAL FUND 40,000

FRIENDS OF FORMAN CHRISTIAN COLLEGE

3434 ROSWELL ROAD NW
ATLANTA,GA30305 		  PC GENERAL FUND 80,000

FULLER THEOLOGICAL SEMINARY

135 N OAKLAND AVENUE
PASADENA,CA91182 		  PC GENERAL FUND 200,000

HARVESTERS REACHING THE NATIONS

2001 W PLANO PARKWAY STE 3432
PLANO,TX75075 		  PC GENERAL FUND 50,000

HISPANIC MINISTRY CENTER INC DBA URBAN YOUTH WORKERS INSTITUTE

2321 E 4TH STREET STE C607
SANTA ANA,CA92705 		  PC GENERAL FUND 25,000

HOLLYWOOD PRAYER NETWORK

1760 N GOWER ST
HOLLYWOOD,CA90028 		  PC GENERAL FUND 30,000

HOPE INTERNATIONAL

227 GRANITE RUN DR SUITE 250
LANCASTER,PA17601 		  PC GENERAL FUND 50,000

HOPE WALKS

PO BOX 218
YORK SPRINGS,PA17372 		  PC GENERAL FUND 25,000

HOPE4MENA

PO BOX 51125
COLORADO SPRINGS,CO80949 		  PC GENERAL FUND 85,000

HOPE4MENA

PO BOX 51125
COLORADO SPRINGS,CO80949 		  PC GENERAL FUND 2,000

INTERNATIONAL COUNCIL FOR EVANGELICAL THEOLOGICAL EDUCATION ICETE

209 E LIBERTY DR
WHEATON,IL60187 		  PC GENERAL FUND 20,000

INTERNATIONAL FELLOWSHIP FOR MISSION AS TRANSFORMATION - INFEMIT

3265 16TH STREET
SAN FRANCISCO,CA94103 		  PC GENERAL FUND 20,000

INTERNATIONAL FELLOWSHIP OF EVANGELICAL STUDENTS (IFES)

PO BOX 46007
MADISON,WI53744 		  PC GENERAL FUND 45,000

INTERNATIONAL GENEROSITY FOUNDATION (HIYA INITIATIVE)

1901 ULMERTON ROAD SUITE 40
CLEARWATER,FL33762 		  PC GENERAL FUND 20,000

INTERNATIONAL JUSTICE MISSION

PO BOX 2227
ARLINGTON,VA22202 		  PC GENERAL FUND 50,000

INTERNATIONAL PROJECT

PO BOX 1646
NEW YORK,NY10026 		  PC GENERAL FUND 65,000

INTERVARSITY CHRISTIAN FELLOWSHIP

PO BOX 7895
MADISON,WI53707 		  PC GENERAL FUND 125,000

LANGHAM PARTNERSHIP USA

PO BOX 189
CAVE CREEK,AZ85327 		  PC GENERAL FUND 75,000

LEADERSHIP RESOURCES GROUP

38937 HANSVILLE ROAD 258
HANSVILLE,WA98340 		  PC GENERAL FUND 30,000

LEBANESE SOCIETY FOR EDUCATIONAL AND SOCIAL DEVELOPMENT (LSESD)

1633 MT VERNON RD STE 300
ATLANTA,GA30338 		  PC GENERAL FUND 75,000

LIFE IN ABUNDANCE INTERNATIONAL

211 TOWNEPARK CIRCLE SUITE 201
LOUISVILLE,KY40243 		  PC GENERAL FUND 100,000

LIFENET

3700 GALLEY ROAD
COLORADO SPRINGS,CO80909 		  PC GENERAL FUND 1,000

LOOM INTERNATIONAL

14504 NE FREEMONT COURT
PORTLAND,OR97230 		  PC GENERAL FUND 2,000

MEDIA ASSOCIATES INTERNATIONAL

PO BOX 103
WHEATON,IL60187 		  PC GENERAL FUND 40,000

MIDDLE EAST AND NORTH AFRICA ASSOCIATION FOR THEOLOGICAL EDUCATION (MENATE)

PO BOX 602002
CHARLOTTE,NC28260 		  PC GENERAL FUND 30,000

MIDDLE EAST WOMENS LEADERSHIP NETWORK (A DIVISION OF VISUAL STORY NETWORK)

PO BOX 77160
CORONA,CA92877 		  PC GENERAL FUND 25,000

MILITARY COMMUNITY YOUTH MINISTRIES

540 N CASCADE
COLORADO SPRINGS,CO80903 		  PC GENERAL FUND 50,000

MIRACLE CONNECT USA

PO BOX 92401
SOUTHLAKE,TX76092 		  PC GENERAL FUND 50,000

MISSION AVIATION FELLOWSHIP

PO BOX 47
NAMPA,ID83653 		  PC GENERAL FUND 50,000

MISSION FRENCH AFRICA

PO BOX 120191
GRAND RAPIDS,MI49528 		  PC GENERAL FUND 3,000

MORNING STAR DEVELOPMENT

PO BOX 62327
COLORADO SPRINGS,CO80962 		  PC GENERAL FUND 100,000

NEW GENERATIONS

650B FREMONT AVENUE 175
LOS ALTOS,CA94024 		  PC GENERAL FUND 50,000

NYANAM INTERNATIONAL

551 5TH AVE STE 2400
NEW YORK,NY10176 		  PC GENERAL FUND 15,000

OPERATION AGAPE

PO BOX 49522
COLORADO SPRINGS,CO80949 		  PC GENERAL FUND 75,000

OPERATION MOBILIZATION

285 LYNNWOOD AVENUE
TYRONE,GA30290 		  PC GENERAL FUND 50,000

ORPHAN'S TREE INC

PO BOX 62904
COLORADO SPRINGS,CO80962 		  PC GENERAL FUND 35,000

OXFORD CENTRE FOR MISSION STUDIES

PO BOX 4885
CERRITOS,CA90703 		  PC GENERAL FUND 30,000

PAK7

918 S PLEASANTBURG DR 218
GREENVILLE,SC29607 		  PC GENERAL FUND 65,000

PARS THEOLOGICAL CENTRE

12 CRABAPPLE CT
GREENVILLE,SC29607 		  PC GENERAL FUND 60,000

PEER SERVANTS

PO BOX 258
WOBURN,MA01801 		  PC GENERAL FUND 25,000

PIONEERS

10123 WILLIAM CAREY DRIVE
ORLANDO,FL32832 		  PC GENERAL FUND 150,000

PLANT WITH PURPOSE

5075 SHOREHAM PLACE SUITE 240
SAN DIEGO,CA92122 		  PC GENERAL FUND 45,000

PLIESKIKI'S CHARITY

PLIES PO BOX 1273
WRIGHTWOOD,CA92397 		  PC GENERAL FUND 25,000

PRAXIS

409 W 45TH STREET FLOOR 3
NEW YORK CITY,NY10036 		  PC GENERAL FUND 20,000

PROJECT MEDSEND

1838 GOLD HILL ROAD
FORT MILL,SC29708 		  PC GENERAL FUND 75,000

RECONCILED WORLD

PO BOX 1131
WHEATON,IL60187 		  PC GENERAL FUND 30,000

RESOURCE GLOBAL

PO BOX 166840
CHICAGO,IL60616 		  PC GENERAL FUND 2,000

REVIVE EUROPE

209 E LIBERTY DR
WHEATON,IL60187 		  PC GENERAL FUND 25,000

SAT-7 NORTH AMERICA

PO BOX 5039
BOONE,IA50950 		  PC GENERAL FUND 60,000

SCHOLARLEADERS

2065 HALF DAY ROAD T-2992
DEERFIELD,IL60015 		  PC GENERAL FUND 110,000

SCHOLARLEADERS

2065 HALF DAY ROAD T-2992
DEERFIELD,IL60015 		  PC GENERAL FUND 30,000

SCHOLARLEADERS

2065 HALF DAY ROAD T-2992
DEERFIELD,IL60015 		  PC GENERAL FUND 1,000

SERVANT PARTNERS

PO BOX 3144
POMONA,CA91769 		  PC GENERAL FUND 30,000

SINAPIS GROUP

8888 KEYSTONE CROSSING STE 1300
INDIANAPOLIS,IN46240 		  PC GENERAL FUND 50,000

SOUTH ASIA INSTITUTE OF ADVANCED CHRISTIAN STUDIES (SAIACS)

1799 WINCHESTER BLVD
CAMPBELL,CA95008 		  PC GENERAL FUND 60,000

SPRINGS RESCUE MISSION

5 W LAS VEGAS ST
COLORADO SPRINGS,CO80903 		  PC GENERAL FUND 50,000

STEIGER INTERNATIONAL

10125 CROSSTOWN CIRCLE STE 170
EDEN PRAIRIE,MN55344 		  PC GENERAL FUND 65,000

THE CHRISTIAN ALLIANCE FOR INCLUSIVE DEVELOPMENT

PO BOX 588
SECANE,PA19018 		  PC GENERAL FUND 40,000

THE VERITAS FORUM

PO BOX 380807
CAMBRIDGE,MA02238 		  PC GENERAL FUND 90,000

THORNSTON EDUCATIONAL FUND

PO BOX 2951
WRIGHTWOOD,CA92397 		  PC GENERAL FUND 100,000

UNITED CHRISTIAN PRAYER FOR INDIA

PO BOX 49522
COLORADO SPRINGS,CO80949 		  PC GENERAL FUND 30,000

UNIVERSITE SHALOM DE BUNIA

1000 N OAK TRAFFICWAY
KANSAS CITY,MO64155 		  PC GENERAL FUND 60,000

UNIVERSITY DIVITIA GRATIAE (UDG)

PO BOX 85
LIVERPOOL,PA17045 		  PC GENERAL FUND 35,000

URBAN YOUTH WORKERS INSTITUTE

2321 E 4TH STREET SUITE C 607
SANTA ANA,CA92705 		  PC GENERAL FUND 3,800

VERITAS COLLEGE INTERNATIONAL

708 W SUMMIT AVENUE
SAN ANTONIO,TX78212 		  PC GENERAL FUND 50,000

VILLAGE SCHOOLS INTERNATIONAL

13900 HUMBLE ROAD
TOMBALL,TX77375 		  PC GENERAL FUND 40,000

VISION COMMUNICATIONS INTERNATIONAL

P O BOX 471113
FORT WORTH,TX76147 		  PC GENERAL FUND 75,000

WATER FOR GOOD INC

PO BOX 2868
BENTONVILLE,AR72712 		  PC GENERAL FUND 60,000

WORLD CONCERN OF CRISTA MINISTRIES

19303 FREMONT AVE N
SEATTLE,WA98133 		  PC GENERAL FUND 50,000

WORLD RELIEF CORPORATION OF THE NATIONAL ASSOCIATION OF EVANGELICALS

PO BOX 96479
WASHINGTON,DC20077 		  PC GENERAL FUND 50,000

WYCLIFFE BIBLE TRANSLATORS

11221 JOHN WYCLIFFE BLVD
ORLANDO,FL32832 		  PC GENERAL FUND 50,000

YOUNG LIFE

PO BOX 5184
HARLAN,IA51593 		  PC GENERAL FUND 2,000

YWAM - UNIVERSITY OF THE NATIONS

75-5851 KUAKINI HIGHWAY 433
KAILUAKONA,HI96740 		  PC GENERAL FUND 3,000

YWAM SLAVIC MINISTRIES

PO BOX 4213
SALEM,OR97302 		  PC GENERAL FUND 5,000
Total .................................right arrow 3a 5,021,675
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
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 2,265,055  
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 .....     14 1,945,367  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 21,518,109  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL AND STATE TAX REFUNDS 		        160,995
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 25,728,531 160,995
13Total. Add line 12, columns (b), (d), and (e)..................
13
25,889,526
(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.)
11A FEDERAL AND STATE TAX REFUNDS
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 33,775 16,888   16,887

TY 2024 InvestmentsCorpStockSchedule
Name:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITIES 43,354,982 43,575,920

TY 2024 InvestmentsGovtObligationsSch
Name:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
US Government Securities - End of Year Book Value:

9,768,929
US Government Securities - End of Year Fair Market Value:

9,725,820
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:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALTERNATIVE INVESTMENTS AT COST 45,941,396 57,690,955

TY 2024 LegalFeesSchedule
Name:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 3,406 0   3,406


TY 2024 OtherAssetsSchedule
Name:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SALE PROCEEDS RECEIVABLE 1,053    
ACCRUED INCOME RECEIVABLE   3,122 3,122
ACCRUED INTEREST RECEIVABLE ON BOND PURCH   15,629 15,629
PARTNERSHIP DISTRIBUTIONS RECEIVABLE   2,009,673 2,009,673


TY 2024 OtherExpensesSchedule
Name:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 348 0   348
SUBSCRIPTIONS 933 0   933
POSTAGE 84 0   84
EQUIPMENT, MAINTENANCE, AND SUPPLIES 3,141 0   3,141
PHONE/INTERNET 4,378 0   4,378
ENTERTAINMENT 1,257 0   1,257
SUPPLIES 376 0   376
INSURANCE 2,729 0   2,729
INVESTMENT EXPENSE 76,549 76,549   0
INVESTMENT MANAGEMENT EXPENSE 955,960 955,960   0
PENALTIES AND INTEREST 3,551 0   0
STATE REGISTRATION FEES 870 0   870
SOFTWARE AND TECH SUPPORT 5,848 0   5,848
MISCELLANEOUS EXPENSE 5,445 0   5,445
BOARD EXPENSE 40,177 0   40,177
NET RENTAL LOSS 82,437 82,437   0


TY 2024 OtherIncomeSchedule2
Name:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
TAX EXEMPT BOND INTEREST 2,708 0 2,708
ROYALTY INCOME 18,223 18,223 18,223
PARTNERSHIP INCOME 1,755,460 1,755,460 1,755,460
OTHER INVESTMENT INCOME 168,976 168,976 168,976
FEDERAL AND STATE TAX REFUNDS 160,995   160,995


TY 2024 OtherIncreasesSchedule
Name:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
Description Amount
PRIOR PERIOD ADJUSTMENTS 711,251


TY 2024 TaxesSchedule
Name:
HENRY P & SUSAN C CROWELL TRUST
EIN:
36-6038028
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROPERTY TAXES 383 0   383
NET INVESTMENT INCOME TAX 67,500 0   0
UNRELATED BUSINESS INCOME TAX 164,020 0   0
FOREIGN TAX 31,330 31,330   0