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.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
WILLIAM R JOHNSON FAMILY FOUNDATION
C/O KAREN GILLESPIE
Number and street (or P.O. box number if mail is not delivered to street address) 29402 NORTH VICTORIA LANE
  Room/suite
City or town
LIBERTYVILLE
State or province
IL
Country  
ZIP or foreign postal code
60048
A Employer identification number

46-5560433
B Telephone number (see instructions)

3127155251
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$6,516,677J 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 .................
3 Interest on savings and temporary cash investments 80 80  
4 Dividends and interest from securities... 20,016 20,016  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 522,282
b Gross sales price for all assets on line 6a 4,605,210
7 Capital gain net income (from Part IV, line 2)... 519,835
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).......      
12 Total. Add lines 1 through 11........ 542,378 539,931  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
4,500 0   4,500
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
50,910 50,910   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,410 50,910   4,500
25 Contributions, gifts, grants paid....... 267,602 267,602
26 Total expenses and disbursements. Add lines 24 and 25 ................ 323,012 50,910   272,102
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 219,366
b Net investment income (if negative, enter -0-) 489,021
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 350,934 456,464 456,464
2 Savings and temporary cash investments.........      
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)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 662,354 Click to see attachment
List of Attached Documents:
// Content
951,344 		969,969
b Investments—corporate stock (attach schedule)....... 2,464,675 Click to see attachment
List of Attached Documents:
// Content
2,475,559 		4,812,563
c Investments—corporate bonds (attach schedule)....... 449,130 Click to see attachment
List of Attached Documents:
// Content
263,092 		277,681
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 3,927,093 4,146,459 6,516,677
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,927,093 4,146,459
29 Total net assets or fund balances (see instructions)..... 3,927,093 4,146,459
30 Total liabilities and net assets/fund balances (see instructions). 3,927,093 4,146,459
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
3,927,093
2
Enter amount from Part I, line 27a .....................
2
219,366
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,146,459
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
4,146,459
Form 990-PF (2025)
Form 990-PF (2025)
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 GRANBY CONN 1.9% BOND P 2024-01-01 2025-02-26
b APPLE INC. 225 SHARES P 2024-10-01 2025-11-01
c APPLOVIN CORP 288 SHARES P 2024-05-16 2025-06-16
d ARISTA NETWORKS INC. 446 SHARES P 2024-02-17 2025-03-17
e ASTERA LABS INC. 187 SHARES P 2024-08-18 2025-09-18
ATLASSIAN CORP 455 SHARES P 2024-07-06 2025-08-06
BAIDU INC. 1,562 SHARES P 2025-06-10 2025-08-11
BLACKSTONE 905 SHARES P 2024-04-16 2025-05-16
BLACKSTONE 645 SHARES P 2025-11-07 2025-11-19
BOOKING HOLDINGS, INC 18 SHARES P 2024-10-13 2025-11-13
BOSTON SCIEN GROUP 1545 SHARES P 2024-05-10 2025-06-10
CARDINAL HEALTH 700 SHARES P 2025-09-24 2025-09-25
CENCORA INC. 263 SHARES P 2025-02-05 2025-04-04
CHENIERE ENERGY INC. P 2025-04-04 2025-09-04
CIRCLE INTERNET GROUP 1185 SHARES P 2025-08-24 2025-12-30
COINBASE GLOBAL INC.252 SHARES P 2025-05-16 2025-06-16
COINBASE GLOBAL INC.220 SHARES P 2025-08-01 2025-11-18
COREBRIDGE FINL INC.4,465 SHARES P 2024-01-25 2025-02-26
CORNING INC. 2727 SHARES P 2024-01-10 2025-02-10
DR HORTON 903 SHARES P 2025-03-10 2025-04-28
DOCUSIGN INC. 1376 SHARES P 2025-01-28 2025-04-11
DOXIMITY INC. 1537 SHARES P 2025-02-05 2025-05-27
ELI LILLY INC AND CO. 32 SHARES P 2025-10-14 2025-11-24
FIRST SOLAR INC. 706 SHARES P 2024-10-14 2025-11-14
FIRST SOLAR INC. 76 SHARES P 2025-04-30 2025-11-14
GE VERNOVA 40 SHARES P 2024-09-15 2025-10-15
GEN DIGITAL 2,843 SHARES P 2025-01-30 2025-06-05
GO DADDY INC. P 2025-04-23 2025-06-09
INTEL CORP 4,037 SHARES P 2025-07-21 2025-07-31
KROGER CO. 815 SHARES P 2025-11-12 2025-12-11
LAM RESH CORP 1717 SHARES P 2023-12-28 2025-01-29
LAM RESH CORP 176 SHARES P 2025-06-10 2025-09-26
MARVELL TECH INC. 1241 SHARES P 2024-03-07 2025-04-07
MARVELL TECH INC. 866 SHARES P 2025-12-10 2025-12-30
MERCADOLIBRE INC. 17 SHARES P 2024-04-05 2025-05-07
MERCK & CO. INC. 890 SHARES P 2025-01-07 2025-03-06
META PLATFORMS. INC. 40 SHARES P 2023-12-28 2025-01-29
MONGODB INC. 232 SHARES P 2025-03-06 2025-04-04
NASDAQ INC. 780 SHARES P 2025-06-03 2025-09-10
NETFLEX INC. 46 SHARES P 2024-03-24 2025-04-24
PALO ALTO 864 SHARES P 2024-02-05 2025-03-05
QUANTA SVCS. 96 SHARES P 2024-09-07 2025-10-07
RALPH LAUREN CORP 410 SHARES P 2023-12-27 2025-01-27
REDDIT INC. 555 SHARES P 2025-04-29 2025-09-22
ROBINHOOD MKTS INC. 1582 SHARES P 2025-03-08 2025-05-20
SHOPIFY INC. F 115 SHARES P 2025-04-07 2025-10-06
SOFI TECH INC. 9,345 SHARES P 2025-01-28 2025-04-04
TAIWAN SEMI CONDUCTOR 475 SHARES P 2024-01-05 2025-02-06
TARGET CORP. EQUITY 1,004 SHARES P 2025-08-22 2025-09-22
TESLA INC. 114 SHARES P 2024-09-15 2025-10-15
THERMO FISHER SCIENT 107 SHARES P 2023-12-07 2025-01-07
TOAST INC. 2,716 SHARES P 2025-06-30 2025-09-10
UNITED AIRLINES 702 SHARES P 2025-04-04 2025-06-26
VEEVA SYS INC. 369 SHARES P 2025-01-28 2025-01-29
WALMART INC. 1247 SHARES P 2025-04-04 2025-05-19
(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 42,937   42,205 732
b 56,808   53,100 3,708
c 108,003   114,563 -6,560
d 40,159   42,170 -2,011
e 46,978   18,999 27,979
84,465   94,779 -10,314
135,199   136,333 -1,134
131,862   119,401 12,461
88,091   92,363 -4,272
90,905   60,978 29,927
244,687   70,121 174,566
140,210   109,019 31,191
73,971   66,468 7,503
72,005   81,940 -9,935
96,397   179,220 -82,823
59,957   62,745 -2,788
58,280   70,400 -12,120
151,476   129,272 22,204
133,563   127,546 6,017
112,272   113,364 -1,092
100,349   134,061 -33,712
79,801   89,271 -9,470
32,766   19,181 13,585
112,304   112,836 -532
19,444   10,713 8,731
25,602   9,846 15,756
82,237   77,849 4,388
76,044   75,526 518
80,369   93,790 -13,421
50,264   52,865 -2,601
126,848   134,773 -7,925
22,567   15,922 6,645
63,706   103,840 -40,134
73,498   79,472 -5,974
38,255   25,177 13,078
82,320   91,607 -9,287
28,327   13,356 14,971
61,038   36,016 25,022
73,812   65,388 8,424
48,552   26,044 22,508
162,901   55,842 107,059
41,103   21,751 19,352
102,552   84,602 17,950
143,392   67,069 76,323
131,579   71,836 59,743
18,908   9,229 9,679
88,369   132,911 -44,542
99,152   90,025 9,127
91,919   101,421 -9,502
49,865   21,423 28,442
58,588   22,081 36,507
108,390   121,268 -12,878
53,718   40,300 13,418
86,664   85,844 820
121,782   107,254 14,528
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       732
b       3,708
c       -6,560
d       -2,011
e       27,979
      -10,314
      -1,134
      12,461
      -4,272
      29,927
      174,566
      31,191
      7,503
      -9,935
      -82,823
      -2,788
      -12,120
      22,204
      6,017
      -1,092
      -33,712
      -9,470
      13,585
      -532
      8,731
      15,756
      4,388
      518
      -13,421
      -2,601
      -7,925
      6,645
      -40,134
      -5,974
      13,078
      -9,287
      14,971
      25,022
      8,424
      22,508
      107,059
      19,352
      17,950
      76,323
      59,743
      9,679
      -44,542
      9,127
      -9,502
      28,442
      36,507
      -12,878
      13,418
      820
      14,528
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 2 519,835
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 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 6,797
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 6,797
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 6,797
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 0
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 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 347
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 7,144
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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
 
No
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)
IL
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 2025 or the taxable year beginning in 2025? 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 addressN/A
14
The books are in care ofKAREN GILLESPIE Telephone no. (312) 715-5251

Located at29402 NORTH VICTORA LANELIBERTYVILLEIL ZIP+460048
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
KAREN GILLESPIE PRESIDENT,SEC.,DIRECTOR
5.00 		0 0 0
29402 NORTH VICTORIA LANE
LIBERTYVILLE,IL60048
WILLIAM GILLESPIE DIRECTOR
1.00 		0 0 0
29402 NORTH VICTORIA LANE
LIBERTYVILLE,IL60048
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
5,692,158
b
Average of monthly cash balances.......................
1b
307,208
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
5,999,366
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
5,999,366
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
89,990
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,909,376
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
295,469
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
295,469
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
6,797
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,797
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
288,672
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
288,672
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
288,672
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, line 26, column (d) ..........
1a
272,102
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
272,102
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 288,672
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 212,131
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 272,102
a Applied to 2024, but not more than line 2a 212,131
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 2025 distributable amount..... 59,971
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		228,701
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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 (2025)
Form 990-PF (2025)
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

CARMEL CATHOLIC HIGH SCHOOL

1 CARMEL PKWY
MUNDERLEIN,IL60060 		NONE   CORSAIR CENTER, CDN; TUITION ASSISTANCE 20,000

CATHOLIC CHARITIES LAKE COUNTY ILLINOIS

671 SOUTH LEWIS AVENUE
WAUKEGAN,IL60085 		NONE   FOOD PANTRY 10,000

CHRISTMAS STORE OF CLEVELAND CO

641 EAST ROBINSON STREET
NORMAN,OK73071 		NONE   HOLIDAY FOOD AND GIFTS 10,000

CORNERSTONE EDUCATONAL SERVICES

4160 ROUTE 83 SUTIE 707
LONG GROVE,IL60047 		NONE   FUTURE LEADERS PROGRAM 10,000

DANNY DID FOUNDATION

PO BOX 46576
CHICAGO,IL60646 		NONE   HEARTS AND HUGS PROGRAM; GENERAL RESEARCH 22,576

EVANS SCHOLAR

2501 PATRIOT BLVD
GLENVIEW,IL60026 		NONE   SCHOLARSHIPS 20,000

FRANCISCAN OUTREACH

1645 WEST LE MOYNE STREET
CHICAGO,IL60622 		NONE   FOOD PANTRY 7,500

FRATERNITE NOTRE DAME

502 NORTH CENTRAL AVENUE
CHICAGO,IL60644 		NONE   SOUP KITCHEN 10,000

ILLINOIS FIRE SAFETY ALLIANCE

426 WEST NORTHWEST HWY
MOUNT PROSPECT,IL60056 		NONE   CAMP "I AM ME" 5,000

LIBERTYVILLE FOUNDATION

135 W CHURCH ST
LIBERTYVILLE,IL60048 		NONE   MOBILE INTENSIVE CARE UNIT 5,000

LIV FOR A CURE

PO BOX 506
LIBERTYVILLE,IL60048 		NONE   RESEARCH 5,000

LOYOLA ACADEMY

1100 LARAMIE AVENUE
WILMETTE,IL60091 		NONE   SCHOLARSHIP PROGRAM 10,000

MERCY HOME FOR BOYS AND GIRLS OF CHICAGO

1140 WEST JACKSON BLVD
CHICAGO,IL60607 		NONE   YOUTH RESIDENTIAL PROGRAM 10,000

MIDWEST THERAPEUTIC RIDING

1451 172ND AVENUE
UNION GROVE,IL53182 		NONE   THERAPEUTIC RIDING SERVICES 5,000

NICASA BEHAVIORAL HEALTH

31979 N FISH LAKE ROAD
ROUND LAKE,IL60073 		NONE   TEEN COURT AND GENERAL PURPOSES 26,000

NIGHT MINISTRY

4711 NORTH RAVENSWOOD
CHICAGO,IL60640 		NONE   PREGNANT/ PARENTING PROGRAM 10,000

OMNI YOUTH SERVICES

1111 W LAKE COOK ROAD
BUFFALO GROVE,IL60089 		NONE   SUBSTANCE USE PREVENTION PROGRAM 10,000

SOUTH SHORE DRILL TEAM

7218 S SOUTH CHICAGO AVENUE
CHICAGO,IL60619 		NONE   AT RISK YOUTH PROGRAM 10,000

ST JOSEPH CATHOLIC ACADEMY

2401 69TH STREET
KENOSHA,WI53143 		NONE   GENERAL PURPOSE AND UNRESTRICTED 5,000

THE HELPING PAW PROJECT

2344 SOUTH SIXTH STREET
SPRINGFIELD,IL62703 		NONE   ANIMAL CARE 2,500

TOBY KEITH FOUNDATION

818 NE 8TH ST
OKLAHOMA CITY,OK73104 		NONE   GENERAL PURPOSE 15,000

VINCE LOMBARDI CANCER FOUNDATION

13400 BISHOPS LANE STE 120
BROOKFIELD,WI53005 		NONE   GENERAL PURPOSE 10,000

WHEELING HELPING HANDS

121 MOCKINGBIRD LANE
WHEELING,IL60090 		NONE   SHARE THE LOVE FOOD PANTRY 6,526

THE SHARING CENTER

25700 WILMOT ROAD
TREVOR,WI53179 		NONE   FOOD PANTRY 2,500

COOL MINISTERIES

800 WEST GLEN FLORA AVENUE
WAUKEGON,IL60085 		NONE   FOOD PANTRY 10,000

ST VINCENT DEPAUL KENOSHA

7531 30TH AVENUE
KENOSHA,WI63143 		NONE   FOOD PANTRY 2,500

CANINES 4 COMFORT

POBOX 22
ROUND LAKE,IL60073 		NONE   SUPPORT LIBERTYVILLE SHOP WITH A COP 2025 PROGRAM 2,500

A & S PITTIE RESCUE INC

29027 WEST KRISTY LANE
CARY,IL60013 		NONE   RESCUE ANIMAL CARE 2,500

SKYLAR'S SCHOLARSHIPS

13870 SUNNYSLOPE DRIVE
MAPLE GROVE,IL55311 		NONE   SCHOLARSHIPS 2,500
Total ................................. 3a 267,602
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
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 ........... 		        80
4 Dividends and interest from securities ....         20,016
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 ............ 		        522,282
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 0 542,378
13Total. Add line 12, columns (b), (d), and (e)..................
13
542,378
(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.)
3 INTEREST AND DIVIDENDS FROM PUBLIC SECURITIES
8 CAPITAL GAINS REALIZED IN THE SALE OF PUBLIC SECURITIES
Form 990-PF (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only 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 (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 InvestmentsCorpBondsSchedule
Name:
WILLIAM R JOHNSON FAMILY FOUNDATION
 
C/O KAREN GILLESPIE
EIN:
46-5560433
Name of Bond End of Year Book Value End of Year Fair Market Value
LAVACA NAVIDAD BOND DUE 8/26 77,373 76,200
BRISTOL MEYERS BOND DUE 6/15/26 71,568 75,751
SALLIE MAE BANK BOND DUE 2026 89,043 100,002
AMERICAN EXPRESS BOND 25,108 25,728

TY 2025 InvestmentsCorpStockSchedule
Name:
WILLIAM R JOHNSON FAMILY FOUNDATION
 
C/O KAREN GILLESPIE
EIN:
46-5560433
Name of Stock End of Year Book Value End of Year Fair Market Value
APPLE COMPUTER INC 650 SHRS 19,775 176,709
INTUTIVE SURGICAL 255 SHARES 42,465 144,422
ALPHABET INC. 689 SHARES 13,122 215,657
AMAZON COM INC. 513 SHARES 44,488 118,411
LILLY ELI 153 SHARES 100,913 164,426
MERCADOLIBRE INC. 44 SHARES 65,164 88,627
META PLATFORMS 195 SHARES 65,109 128,718
TESLA INC. 475 SHARES 71,893 213,617
EMCOR 161 SHARES 100,175 98,498
FIRST SOLAR 605 SHARES 88,596 158,044
GE VERNOVA 359 SHARES 45,498 208,489
LAW RESH 808 SHARES 73,095 138,313
NETFLEX 1040 SHARES 62,893 97,510
NVIDIA CORP 1255 SHARES 7,206 289,075
QUANTA SVCS 385 SHARES 82,868 162,493
VERTIV HLDGS 1028 SHARES 78,607 184,762
ARISTA NETWORK 889 SHARES 79,249 116,486
QUALCOMM 586 SHARES 82,427 100,235
APPLOVIN 189 SHARES 83,808 127,352
ASTERA LABS 1,040 SHARES 96,565 173,014
CITIGROUP 1842 SHARES 122,598 214,943
D R HORTON 702 SHARES 88,582 101,109
DOLLAR GENERAL 519 SHARES 53,383 68,908
NOVO-NORDISK ADR 2160 SHARES 106,299 109,901
REDDIT INC. 423 SHARES 47,273 97,235
ROBINHOOD MKTS 1494 SHARES 52,598 168,971
ROCKET COMPANIES 9996 SHARES 137,113 193,523
SHOPIFY 988 SHARES 80,636 159,038
SNOWFLAKE 608 SHARES 105,178 133,371
SPOTIFY TECHNOLOGY 203 SHARES 106,007 117,884
STEEL DYNAMICS 640 SHARES 100,589 108,448
UNITED AIRLINES 1371 SHARES 89,882 153,305
VALERO 498 SHARES 81,505 81,069

TY 2025 InvestmentsGovtObligationsSch
Name:
WILLIAM R JOHNSON FAMILY FOUNDATION
 
C/O KAREN GILLESPIE
EIN:
46-5560433
US Government Securities - End of Year Book Value:

560,332
US Government Securities - End of Year Fair Market Value:

568,728
State & Local Government Securities - End of Year Book Value:


391,012
State & Local Government Securities - End of Year Fair Market Value:


401,241


TY 2025 LegalFeesSchedule
Name:
WILLIAM R JOHNSON FAMILY FOUNDATION
 
C/O KAREN GILLESPIE
EIN:
46-5560433
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
QUARLES & BRADY 4,500 0   4,500


TY 2025 OtherProfessionalFeesSchedule
Name:
WILLIAM R JOHNSON FAMILY FOUNDATION
 
C/O KAREN GILLESPIE
EIN:
46-5560433
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SIERA SUMMIT ASSET MGNT BOND 9,419 9,419   0
SIERA SUMMIT ASSET MGNT-STOCK 41,491 41,491   0