TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
Kenny and Kimberly Rueter Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

86-3851121

B Telephone number (see instructions)

(800) 839-1754

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$20,071,582J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	16,101		16,101
4	Dividends and interest from securities...	420,148		420,148
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		629,272
b	Gross sales price for all assets on line 6a 8,314,581
7	Capital gain net income (from Part IV, line 2)...			629,163
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).......	List of Attached Documents: // Content	362,779	318,171
12	Total. Add lines 1 through 11........	1,428,300		1,383,583
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	78,331	78,331
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	3,726	126
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	171,713	114,719		51,394
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	253,770		193,176		51,394
25	Contributions, gifts, grants paid.......	693,000				693,000
26	Total expenses and disbursements. Add lines 24 and 25	946,770		193,176		744,394
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	481,530
b	Net investment income (if negative, enter -0-)			1,190,407
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	492,044	651,477	651,477
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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) 100,000
		Less: allowance for doubtful accounts	250,000	List of Attached Documents: // Content 100,000	100,000
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	1,996,429	List of Attached Documents: // Content 1,785,790	1,758,035
	b	Investments—corporate stock (attach schedule).......	10,004,356	List of Attached Documents: // Content 9,814,812	11,077,891
	c	Investments—corporate bonds (attach schedule).......	1,398,158	List of Attached Documents: // Content 797,560	777,453
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,782,362	List of Attached Documents: // Content 5,255,240	5,706,726
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	17,923,349	18,404,879	20,071,582
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	17,923,349	18,404,879
	29	Total net assets or fund balances (see instructions).....	17,923,349	18,404,879
	30	Total liabilities and net assets/fund balances (see instructions).	17,923,349	18,404,879

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

17,923,349

Enter amount from Part I, line 27a .....................

481,530

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

18,404,879

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

18,404,879

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b	Passthrough K1 Capital Gain/(Loss)
c	VICTORY LIFE	P	2022-08-22	2024-12-27
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,164,581	7,584,603	579,978
b			49,185
c	150,000	150,000
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			579,978
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	629,163
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	16,547
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	16,547
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	16,547
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	4,653
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	14,400
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	19,053
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,506
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax2,506	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Kenny Rueter	Dir, Pres 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres 1.0	0	0	0
Kimberly S Rueter	Dir, Sec, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Sec, Treas 1.0	0	0	0

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










Total number of other employees paid over $50,000...................

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
Fidelity Investments	Investment Mgmt	78,331
4400 IDS CENTER 80 SOUTH EIGHTH ST MINNEAPOLIS,MN55402	Investment Mgmt	78,331
Foundation Source	Administrative	51,369
55 Walls Drive 3rd Fl Fairfield,CT06824	Administrative	51,369

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

13,577,041

Average of monthly cash balances.......................

380,295

Fair market value of all other assets (see instructions)................

5,478,303

Total (add lines 1a, b, and c).........................

19,435,639

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

19,435,639

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

291,535

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

19,144,104

Minimum investment return. Enter 5% (0.05) of line 5................

957,205

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.)

Minimum investment return from Part IX, line 6..................

957,205

Tax on investment income for 2024 from Part V, line 5 .......

16,547

Income tax for 2024. (This does not include the tax from Part V.) ...

7,122

Add lines 2a and 2b............................

23,669

Distributable amount before adjustments. Subtract line 2c from line 1............

933,536

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

933,536

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

933,536

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

744,394

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

744,394

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7				933,536
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			568,350
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $ 744,394
a Applied to 2023, but not more than line 2a			568,350
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....				176,044
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				757,492
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		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....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

Kenny Rueter

Kimberly S Rueter

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BIOLA UNIVERSITY INC 13800 BIOLA AVE LA MIRADA,CA90639	N/A	PC	General & Unrestricted	10,000
BREAST CANCER ANGELS 15173 SPRINGDALE ST HUNTINGTN BCH,CA92649	N/A	PC	General & Unrestricted	15,000
CROSSLINE COMMUNITY CHURCH 23331 MOULTON PKWY LAGUNA HILLS,CA92653	N/A	PC	General & Unrestricted	550,000
GLOBAL MISSION PO BOX 80222 RANCHO SANTA MARGARITA,CA92688	N/A	PC	General & Unrestricted	60,000
HUME LAKE CHRISTIAN CAMPS INC 5545 E HEDGES AVE FRESNO,CA93727	N/A	PC	General & Unrestricted	50,000
SHIELD OF FAITH MISSIONS 5121 EHRLICH RD STE 108A TAMPA,FL33624	N/A	PC	General & Unrestricted	8,000
Total ................................. 3a				693,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	16,101
4 Dividends and interest from securities ....			14	420,148
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 ............	525990	109	18	629,163
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aK-1 Inc/Loss	525990	43,862	14	292,284
bFederal Tax Refund			01	722
cINTEREST INCOME FROM NOTES			14	25,911
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		43,971		1,384,329

13Total. Add line 12, columns (b), (d), and (e)..................

1,428,300

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2024 DepreciationSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

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

- TIN:

TY 2024 GeneralExplanationAttachment

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Identifier	Return Reference	Explanation
FORM 990-PF	FORM 990-PF	One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
990-PF, PART I LINE 6A	PART I LINE 6A	TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $629,163 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $109 ALLOCATED TO UBTI - ACQUISION INDEBTEDNESS NET GAIN/(LOSS): TOTAL PART I, LINE 6A: $629,272 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $8,164,581 BOOK BASIS: $7,584,603 NET GAIN/(LOSS): $579,978 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $49,185 SALES OF OTHER ITEMIZED ASSETS GROSS SALES PRICE: $150,000 BOOK BASIS: $150,000 NET GAIN/(LOSS): $- ALLOCATED TO UBTI - ACQUISION INDEBTEDNESS NET GAIN/(LOSS):
FORM 926	FORM 926	The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AT&T INC - 4.350% - 03/01/2029	65,780	64,605
BANK AMER CORP BOND - 3.248% -	64,622	64,567
BRISTOL-MYERS SQUIBB CO - 4.90	64,122	64,282
CITIGROUP - 3.700% - 01/12/202	65,016	65,338
COMCAST CORP NOTE - 3.950% - 1	73,454	64,663
GOLDMAN SACHS GROUP - 2.640% -	61,011	64,862
HOME DEPOT INC - 4.750% - 06/2	63,786	64,135
MORGAN STANLEY SER I - 2.188%	69,035	65,411
PNC FINL - 5.582% - 06/12/2029	63,963	64,094
ROYAL BANK OF CANADA - 1.200%	65,218	65,054
SCHWAB CHARLES CORP - 2.000% -	36,344	32,052
UNITEDHEALTH GROUP - 2.300% -	41,405	34,032
US BANCORP - 4.653% - 02/01/20	63,804	64,358

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	110,008	156,198
ADVANCED MICRO DEVICES INC	27,491	23,675
AIR PRODS & CHEM INC	66,848	70,770
ALNYLAM PHARMACEUTICALS, INC	18,129	14,825
ALPHABET INC CL A	49,052	64,551
ALPHABET INC CL C	42,871	54,656
AMAZON COM	176,375	268,533
AMBASSADOR FUND	92,686	95,169
ANGEL OAK MULTI-STRATEGY INCOM	145,246	123,127
APPLE INC	85,410	116,946
AUTOMATIC DATA PROCESSING INC	94,456	117,970
AVANTOR HOLDINGS INC	37,544	30,846
AXONIC STRATEGIC INCOME FUND	147,412	134,417
AXSOME THERAPEUTICS	55,645	51,358
BOEING CO	46,317	55,047
BOOKING HOLDINGS INC	21,689	24,842
BOSTON SCIENTIFIC	9,664	16,524
BROADCOM INC	112,090	380,219
CHARLES SCHWAB CORP	75,374	83,483
CHEVRON CORP	78,768	89,656
CHIPOTLE MEX GRILL	26,387	29,185
CISCO SYSTEMS INC	21,872	23,621
CME GROUP, INC	53,890	58,058
COHERENT CORP COM	25,261	39,218
CORNING INC	45,566	58,640
CORPAY INC	40,658	45,010
CROWN CASTLE INTL	46,779	42,476
DELL TECHNOLOGIES INC CLASS C	40,667	59,003
DFA EMERGING MARKETS PORTFOLIO	251,520	209,576
DFA EMERGING MARKETS SMALL CAP	78,006	68,320
DFA EMERGING MARKETS VALUE POR	36,543	33,964
DFA INTERNATIONAL SMALL CAP GR	173,196	134,669
DFA INTERNATIONAL SMALL CAP VA	160,018	162,460
DFA INTERNATIONAL VALUE PORTFO	336,554	357,039
DFA INTL LARGE CAP GROWTH	254,819	239,292
DFA U.S. MICRO CAP PORTFOLIO	129,861	133,517
DFA U.S. SMALL CAP GROWTH PORT	109,516	118,593
DFA U.S. SMALL CAP VALUE PORTF	108,116	118,636
DIGITALBRIDGE GROUP INC	54,582	40,394
DIGITALOCEAN HOLDINGS INC	94,417	83,948
EATON CORP PLC	76,094	130,093
ECOLAB INC	20,738	19,683
ELI LILLY & CO	85,861	212,300
EXXON MOBIL CORP	48,004	45,825
FAIR ISSAC & CO INC	12,650	17,918
FASTENAL COMPANY	18,827	24,234
FIRST AMERICAN CORP	53,858	52,387
FIRST WATCH RESTAURANT	42,179	41,482
FISERV, INC	21,013	21,158
GALLAGHER ARTHUR J & CO	45,067	43,145
GEN DYNAMICS CP	32,030	29,247
GENERAL ELECTRIC CO	23,753	25,686
HILTON WORLDWIDE HOLDINGS, INC	9,457	17,301
HOME DEPOT INC	92,008	107,361
HOWMET AEROSPACE ORD SHS	17,097	15,968
HP INC	37,464	33,707
ILLINOIS TOOL WORKS	45,910	51,219
INTERCONTINENTAL EXCHANGE, INC	68,227	72,419
INTUIT	17,063	16,970
INTUITIVE SURGICAL	15,084	29,752
INVESCO EQUALLY WEIGHTED	286,814	265,613
JOHNSON & JOHNSON	70,800	66,814
JP MORGAN CHASE	73,393	94,685
JP MORGAN STRATEGIC INCOME OPP	130,140	129,738
KEURIG DR PEPPER INC	57,302	51,071
KINDER MORGAN INC	26,214	40,579
KKR & CO INC	14,752	23,074
LAM RESEARCH CORP	18,512	20,224
LOCKHEED MARTIN CORP	54,048	69,003
MAINSTAY MUNICIPAL HIGH YIELD	95,668	84,186
MAINTSTAY SHORT TERM DUR HIGH	87,997	88,614
MARSH AND MCLENNAN COMPANIES I	78,653	104,931
MARVELL TECHNOLOGY, INC	85,980	119,507
MASTERCARD INC	30,679	40,546
MCDONALD'S CORP	97,752	111,898
MERCK & CO INC	114,195	137,680
META PLATFORMS INC	39,918	84,313
MICROSOFT CORP	242,500	313,175
MONDELEZ INTERNATIONAL INC	126,553	118,922
NETFLIX INC	14,495	22,283
NEXTERA ENERGY, INC	119,920	108,897
NUVEEN CHURCHILL DIRECT LENDIN	999,999	906,222
NVIDIA CORP	32,709	151,882
O'REILLY AUTOMOTIVE INC	22,551	27,273
ONEOK INC	35,537	43,975
ONTO INNOVATION	72,460	69,335
ORACLE CORP	30,928	30,828
PAYCHEX	51,639	62,398
PEPSICO INC	128,434	121,192
PHILLIPS 66	54,651	60,725
PNC FINANCIAL GROUP INC	104,486	114,939
PPL CORPORATION	55,305	60,376
PRINCIPAL PREFERRED SECURITIES	97,141	87,296
PROCTER GAMBLE CO	119,211	136,132
PROLOGIS	39,113	35,515
QUALCOMM INC	39,969	43,167
RAYTHEON TECHNOLOGIES CORP	25,504	29,624
REALTY INCOME CORP	85,985	67,991
RIVERNORTH DOUBLE LINE STRATEG	151,402	129,858
ROCKWELL AUTOMATION INC	45,995	48,299
SEMPRA ENERGY COM	68,606	89,650
SERVICE NOW	13,273	33,924
SHOPIFY INC	9,872	15,631
SNOWFLAKE INC	15,577	14,206
SPDR S&P MIDCAP 400 EFT TRUST	111,062	128,156
SPOTIFY TECHNOLOGY SA	27,468	39,817
STRYKER CORPORATION	18,129	19,083
SYNOPSYS, INC	16,712	18,929
TESLA MOTORS INC	28,234	50,480
TEXAS INSTRUMENTS INC	112,002	108,943
THOR INDS INC	55,909	53,885
TRANE TECHNOLOGIES PLC	17,799	24,008
TRAVELERS COMPANIES INC	96,686	122,372
UNITED PARCEL SERVICE	28,239	17,780
VANGUARD S&P 500 GROWTH	263,364	362,033
VANGUARD S&P 500 VALUE	241,398	309,239
VAXCYTE INC	57,595	50,671
VULCAN MATERIALS CO	15,319	14,919
WEC ENERGY GROUP, INC	39,101	38,933
WILLIAMS COS	97,666	146,611
WORKDAY INC	17,372	20,126
ZOETIS INC	40,438	39,429

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

US Government Securities - End of Year Book Value:

1,785,790

US Government Securities - End of Year Fair Market Value:

1,758,035

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Category/ Item	Book Value	End of Year Fair Market Value
CAA - ENGAGED CAPITAL ACCESS F	479,349	449,391
CAA - MONTAUK TRIGUARD IX ACCE	241,936	313,921
CAA - WCP ENHANCED LOAN FUND I	1,048,921	1,009,062
CAA-AKKADIAN VENTURES VI, L.P	303,031	446,653
CAA-HUNTER POINT CAP INV OFF A	167,367	185,683
CAA-NCBDC HOLDINGS L.P	2,271	3,916
CAA-POINT OLEMA US VC PORTFOLI	130,443	157,274
CAA-PPFA OPPORTUNITIES FUND II	263,895	296,728
CAA-TRAMVIEW REAL ESTATE FUND	324,659	466,467
CORIENT PRIVATE ACCESS, L.P	1,521,021	1,509,108
GT PARTNERS LONE CYPRESS FUND	267,097	266,986
GT PARTNERS PRIVATE CREDIT OFF	420,606	514,659
SPECTRUM EQUITY X-C LP	84,644	86,878

- TIN:

TY 2024 OtherExpensesSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	51,369		51,369
Bank Charges	500	500
K-1 Exp CAA - ENGAGED CAPITAL	6,355	6,355
K-1 Exp CAA - MONTAUK TRIGUARD	18,507	18,402
K-1 Exp CAA - WCP ENHANCED LOA	13,770	13,770
K-1 Exp CAA-AKKADIAN VENTURES	11,739	11,739
K-1 Exp CAA-NCBDC HOLDINGS L.P	339	339
K-1 Exp CAA-POINT OLEMA US VC	6,540	6,521
K-1 Exp CAA-PPFA OPPORTUNITIES	20,710	17,675
K-1 Exp CAA-TRAMVIEW REAL ESTA	164	151
K-1 Exp CORIENT PRIVATE ACCESS	27,227	27,092
K-1 Exp GT PARTNERS LONE CYPRE	8,170	5,881
K-1 Exp SPECTRUM EQUITY X-C LP	6,298	6,294
State or Local Filing Fees	25		25

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Description	Revenue And Expenses Per Books	Net Investment Income
K-1 Inc/Loss CAA - ENGAGED CAPITAL ACCESS FUND L.	67,830	67,830
K-1 Inc/Loss CAA - MONTAUK TRIGUARD IX ACCESS FUN	2,070	12,678
K-1 Inc/Loss CAA - WCP ENHANCED LOAN FUND I LP	133,254	133,254
K-1 Inc/Loss CAA-AKKADIAN VENTURES VI, L.P	2,983	2,983
K-1 Inc/Loss CAA-NCBDC HOLDINGS L.P	1,716	100
K-1 Inc/Loss CAA-POINT OLEMA US VC PORTFOLIO L.P	112	1,527
K-1 Inc/Loss CAA-PPFA OPPORTUNITIES FUND II LP	16,435	10,694
K-1 Inc/Loss CAA-TRAMVIEW REAL ESTATE FUND I LP	-14,798	-57,631
K-1 Inc/Loss CORIENT PRIVATE ACCESS, L.P	99,946	100,203
K-1 Inc/Loss GT PARTNERS LONE CYPRESS FUND LP	29,406	20,166
K-1 Inc/Loss SPECTRUM EQUITY X-C LP	-2,808	456
Federal Tax Refund	722
Interest Income from Notes	25,911	25,911

- TIN:

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

TY 2024 OtherNotesLoansRcvblLongSch

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Borrower's Name	Relationship to Insider	Original Amount of Loan	Balance Due	Date of Note	Maturity Date	Repayment Terms	Interest Rate	Security Provided by Borrower	Purpose of Loan	Description of Lender Consideration	Consideration FMV
CLEAR WATER FINANCIAL LLC	NONE	100,000	100,000	2022-08	2025-08	INTEREST PAID SEMI-ANNUALLY	750 %	FIRST LIEN MORTGAGE ON REAL PROPERTY	INVESTMENT	CASH 0 CASH 0
CLEAR WATER FINANCIAL LLC	NONE	150,000	0	2022-08	2025-08	INTEREST PAID SEMI-ANNUALLY	750 %	FIRST LIEN MORTGAGE ON REAL PROPERTY	INVESTMENT	CASH 0 CASH 0

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	78,331	78,331

- TIN:

TY 2024 TaxesSchedule

Name:

Kenny and Kimberly Rueter Foundation

EIN:

86-3851121

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024	3,600
Foreign Tax Paid	126	126