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 10-01-2024 , and ending 09-30-2025

Name of foundation
FUNKS GROVE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 11356
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CLAYTON, MO63105

A Employer identification number

37-6162032

B Telephone number (see instructions)

(314) 746-7329

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

$9,510,370J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	24,597		24,597
5a	Gross rents............	810		810
b	Net rental income or (loss) 810
6a	Net gain or (loss) from sale of assets not on line 10		39,346
b	Gross sales price for all assets on line 6a 39,346
7	Capital gain net income (from Part IV, line 2)...			39,346
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	308,103	308,103
12	Total. Add lines 1 through 11........	372,856		372,856
13	Compensation of officers, directors, trustees, etc.	33,780		0	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)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	15	0	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	16,663	0
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	256,804	256,804	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	307,262		256,804	0
25	Contributions, gifts, grants paid.......	60,986			60,986
26	Total expenses and disbursements. Add lines 24 and 25	368,248		256,804	60,986
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	4,608
b	Net investment income (if negative, enter -0-)			116,052
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	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.........	169,220	174,726	174,726
	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)
	b	Investments—corporate stock (attach schedule).......	438,048	List of Attached Documents: // Content 453,815	896,033
	c	Investments—corporate bonds (attach schedule).......	241,776	List of Attached Documents: // Content 241,776	233,350
	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 554,904
		Less: accumulated depreciation (attach schedule) 202,552	369,015	List of Attached Documents: // Content 352,352	8,205,852
	15	Other assets (describe )	List of Attached Documents: // Content 7,017	List of Attached Documents: // Content 400	List of Attached Documents: // Content 409
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,225,076	1,223,069	9,510,370
	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........	1,225,076	1,223,069
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	0
	29	Total net assets or fund balances (see instructions).....	1,225,076	1,223,069
	30	Total liabilities and net assets/fund balances (see instructions).	1,225,076	1,223,069

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

1,225,076

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

4,608

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

List of Attached Documents:

// Content

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

1,229,686

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

6,617

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

1,223,069

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
1 a	CAPITAL GAINS DIVIDENDS	P
b
c
d
e

(e) Gross sales price		(h) Gain or (loss) (e) plus (f) minus (g)
a	39,346	39,346
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			39,346
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	39,346
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	1,613
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	1,613
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	1,613
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	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	2,200
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	2,200
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	84
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	503
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax503	Refunded	11	0

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

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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?.........

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

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

N/A

The books are in care of right arrow

COMMERCE TRUST Telephone no. right arrow

(309) 823-7000

Located at right arrow

120 N CENTER STBLOOMINGTONIL ZIP+4 right arrow

61701

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-)
COMMERCE TRUST	TRUSTEE 1.00	30,580
120 N CENTER ST BLOOMINGTON,IL61701	TRUSTEE 1.00	30,580
COMMERCE TRUST	TAX PREPARATION 0.25	3,200
PO BOX 11356 CLAYTON,MO63105	TAX PREPARATION 0.25	3,200

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 (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

1,091,565

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

164,923

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

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

1,256,488

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

1,256,488

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

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

18,847

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

1,237,641

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

61,882

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

61,882

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

1,613

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

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

1,613

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

60,269

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

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

60,269

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

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

60,269

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 ..........

60,986

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. .......

60,986

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7				60,269
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			54,986
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 60,986
a Applied to 2023, but not more than line 2a			54,986
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2024 distributable amount.....				6,000
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2024.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				54,269
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

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).)

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
PARKLANDS FOUNDATION PO BOX 12 NORMAL,IL61761	NONE	PC	GENERAL OPERATIONS	40,986
ISU FOUNDATION 100 NORTH UNIVERSITY STREET NORMAL,IL61761		PC	GENERAL PURPOSE	10,000
UNIVERSITY OF ILLINOIS FOUNDATION 303 ST MARYS ROAD CHAMPAIGN,IL61820	NONE		GENERAL PURPOSE	10,000
Total ................................. 3a				60,986

bApproved for future payment

Total ................................. 3b				0

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 ...........
4 Dividends and interest from securities ....			14	24,597
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	810
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			14	39,346
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFARM INCOME			16	308,103
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		372,856	0

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

372,856

(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
ANN A TRAVER CHARITABLE TRUST	501(C)(4)	COMMON TRUSTEE
IVY J TRIMMER - CHRISTIAN CHURCH	501(C)(4)	COMMON TRUSTEE
IVY J TRIMMER TRUST	501(C)(4)	COMMON TRUSTEE
ALICE G OGG TRUST UNDER WILL	501(C)(4)	COMMON TRUSTEE
MARY HARTMANN FOUNDATION	501(C)(4)	COMMON TRUSTEE
SHAARE SHOLEM CEMETERY TRUST	501(C)(13)	COMMON TRUSTEE
ADATH JOSEPH CEMETERY FUND	501(C)(13)	COMMON TRUSTEE
NINA BOZARTH TUW FBO KAMPF	501(C)(13)	COMMON TRUSTEE

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:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
FARM EQUIPMENT	2011-11-09	1,445	1,445	150DB	7.000000000000	0
FARM EQUIPMENT	2011-11-11	38,357	38,357	150DB	7.000000000000	0
FARM EQUIPMENT	2012-09-06	11,682	11,682	150DB	7.000000000000	0
LAND	2011-11-09	7,500		L		0
FARM EQUIPMENT	2013-02-04	1,327	1,327	150DB	7.000000000000	0
FARM EQUIPMENT	2013-03-18	2,745	2,745	150DB	7.000000000000	0
FARM CAPITAL IMPROVEMENTS	2014-06-12	1,440	374	SL	39.000000000000	36
FARM CAPITAL IMPROVEMENTS	2014-06-23	3,362	871	SL	39.000000000000	84
FARM CAPITAL IMPROVEMENTS	2014-07-17	4,000	1,030	SL	39.000000000000	100
FARM CAPITAL IMPROVEMENTS	2014-07-24	1,350	348	SL	39.000000000000	34
FARM CAPITAL IMPROVEMENTS	2014-08-21	3,150	804	SL	39.000000000000	79
FARM EQUIPMENT	2015-05-07	2,378	2,378	150DB	7.000000000000	0
FARM EQUIPMENT	2015-06-11	13,476	13,476	150DB	7.000000000000	0
FARM CAPITAL IMPROVEMENTS	2015-05-11	4,933	1,163	SL	39.000000000000	123
FARM CAPITAL IMPROVEMENTS	2015-08-06	4,815	1,104	SL	39.000000000000	120
FARM CAPITAL IMPROVEMENTS	2017-08-18	13,414	2,390	SL	39.000000000000	336
FARM CAPITAL IMPROVEMENTS	2017-09-07	4,500	792	SL	39.000000000000	113
FARM CAPITAL IMPROVEMENTS	2017-09-26	8,433	1,485	SL	39.000000000000	210
FARM CAPITAL IMPROVEMENTS	2017-09-26	11,852	2,087	SL	39.000000000000	296
SUGARHOUSE ADDITION	2018-06-21	293,423	46,153	SL	39.000000000000	7,336
SUGARHOUSE - EARTHWORK FOR SIDEWALK	2018-06-21	54,150	26,971	150DB	15.000000000000	3,198
35 GALLON WATER JACKETED BOTTLER	2018-05-03	2,700	2,700	200DB	5.000000000000	0
SIRUP TUBE COLLECTION SYSTEM	2018-09-06	10,449	10,449	200DB	5.000000000000	0
FILTER PRESS TANK 35 GAL	2018-10-03	2,858	2,858	200DB	5.000000000000	0
FURNACE & AC FOR SOUTH HOUSE	2020-11-13	12,820	1,274	SL	39.000000000000	329
WEST GABLE VERTICLE SIDING AND BATTING STRIPS ON SOUTH DWELLING	2021-01-04	2,283	217	SL	39.000000000000	59
ARCHITECTURAL FEES- HOUSE ON FARM	2021-06-30	7,376	883	SL	27.500000000000	268
DRAINAGE TILE 1,560 FEET 4"	2021-12-21	4,982	913	SL	15.000000000000	332
DRAINAGE TILE 1,150 FEET 5"	2021-12-27	2,398	440	SL	15.000000000000	160
DRAINAGE TILE 650 FEET 8"	2022-01-04	2,259	414	SL	15.000000000000	151
DRAINAGE TILE 1,104 FEET 8"	2022-03-25	3,819	637	SL	15.000000000000	254
REVERSE OSMOSIS MACHINE - ECONOX	2022-02-01	12,028	6,415	SL	5.000000000000	2,405
200 AMP PANEL FOR REVERSE OSMOSIS MACHINE	2022-02-14	3,200	1,707	SL	5.000000000000	640

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Name of Bond	End of Year Book Value	End of Year Fair Market Value
COMMERCE BOND FUND #333	236,764	228,912
PIMCO INTL BOND FUND UNHEDGED INST	2,125	1,587
VANGUARD S/T BND INDX-ADM	2,887	2,851

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AQR DIVERSIFIED ARBITRAGE-R6	1,329	1,569
AQR MANAGED FUTURES STR R6	5,846	5,614
BLACKROCK SYST MULTI STR-K	1,414	1,471
COMMERCE GROWTH FUND INSTITUTIONAL	50,831	94,950
COMMERCE MIDCAP GROWTH FUND	13,631	19,995
COMMERCE VALUE FUND INSTITUTIONAL	47,034	57,646
DFA INTL SMALL CO PORTFOLIO	5,667	7,185
DFA US L/C GROWTH PORT	27,816	76,155
DFA US LARGE CAP VALUE PORTFOLIO	1,425	2,182
DFA US TARGETED VALUE PORTFOLIO	2,092	3,330
DODGE & COX INTERNATIONAL STOCK FUND	3,931	5,568
DWS REAL ESTATE SEC-INST	1,956	3,697
FIDELITY MID CAP VAL INDX	3,925	4,838
GATEWAY FUND N	7,510	10,246
INV MAIN ST SM CAP-R6	2,191	3,613
ISHARES CORE S&P 500 ETF	9,593	46,851
ISHARES RUSSELL 1000 VALUE ETF	28,836	120,525
ISHARES RUSSELL MIDCAP GROWTH ETF	7,366	38,736
ISHARES RUSSELL MIDCAP VALUE ETF	18,486	42,320
LAZARD EMERGING MARKETS EQUITY PORT	20,819	24,763
MFS RESEARCH INTERNAT R6	19,572	34,293
PGIM GLOBAL REAL ESTATE CL Q	1,792	1,871
PRINCIPAL GL MULT STRAT-R6	13,136	14,026
T ROWE PR NEW HORIZONS-I	16,110	29,297
T ROWE PR OVERSEAS STOCK-I	18,451	34,059
T ROWE PR SM CAP VAL-I	17,498	26,793
VANGUARD FTSE EMERGING MARKETS-ETF	1,480	2,005
VANGUARD GROWTH	99,548	175,058
VANGUARD RE INDX FD ADM SHRS	254	294
FIDELITY EMG MKTS INDEX-FAI	3,279	3,873
NUVEEN L/C GROWTH INDEX FD-R6 #7292	997	3,210

- TIN:

TY 2024 LandEtcSchedule2

Name:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
FARM EQUIPMENT	1,445	1,445	0
FARM EQUIPMENT	38,357	38,357	0
FARM EQUIPMENT	11,682	11,682	0
LAND	7,500	0	7,500
FARM EQUIPMENT	1,327	1,327	0
FARM EQUIPMENT	2,745	2,745	0
FARM CAPITAL IMPROVEMENTS	1,440	410	1,030
FARM CAPITAL IMPROVEMENTS	3,362	955	2,407
FARM CAPITAL IMPROVEMENTS	4,000	1,130	2,870
FARM CAPITAL IMPROVEMENTS	1,350	382	968
FARM CAPITAL IMPROVEMENTS	3,150	883	2,267
FARM EQUIPMENT	2,378	2,378	0
FARM EQUIPMENT	13,476	13,476	0
FARM CAPITAL IMPROVEMENTS	4,933	1,286	3,647
FARM CAPITAL IMPROVEMENTS	4,815	1,224	3,591
FARM CAPITAL IMPROVEMENTS	13,414	2,726	10,688
FARM CAPITAL IMPROVEMENTS	4,500	905	3,595
FARM CAPITAL IMPROVEMENTS	8,433	1,695	6,738
FARM CAPITAL IMPROVEMENTS	11,852	2,383	9,469
SUGARHOUSE ADDITION	293,423	53,489	239,934
SUGARHOUSE - EARTHWORK FOR SIDEWALK	54,150	30,169	23,981
35 GALLON WATER JACKETED BOTTLER	2,700	2,700	0
SIRUP TUBE COLLECTION SYSTEM	10,449	10,449	0
FILTER PRESS TANK 35 GAL	2,858	2,858	0
FURNACE & AC FOR SOUTH HOUSE	12,820	1,603	11,217
WEST GABLE VERTICLE SIDING AND BATTING STRIPS ON SOUTH DWELLING	2,283	276	2,007
ARCHITECTURAL FEES- HOUSE ON FARM	7,376	1,151	6,225
DRAINAGE TILE 1,560 FEET 4"	4,982	1,245	3,737
DRAINAGE TILE 1,150 FEET 5"	2,398	600	1,798
DRAINAGE TILE 650 FEET 8"	2,259	565	1,694
DRAINAGE TILE 1,104 FEET 8"	3,819	891	2,928
REVERSE OSMOSIS MACHINE - ECONOX	12,028	8,820	3,208
200 AMP PANEL FOR REVERSE OSMOSIS MACHINE	3,200	2,347	853

- TIN:

TY 2024 OtherAssetsSchedule

Name:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
MISCELLANEOUS	400	400	409
OTHER RECEIVABLES	2,608	0	0
DOWN PAYMENT ON EQUIPMENT	4,009	0	0

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Description	Amount
PRIOR PERIOD ADJUSTMENT	6,617

- TIN:

TY 2024 OtherExpensesSchedule

Name:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Description	Revenue and Expenses per Books	Net Investment Income
FARM - HERBICIDES	14,246	14,246
FARM - INSECTICIDES	1,657	1,657
FARM - CHEMICALS	4,083	4,083
FARM - SEEDS	25,989	25,989
FARM - FERTILIZER	22,963	22,963
FARM - GRAIN DRYING	4,982	4,982
FARM - UTILITIES - GRAIN DRYING	868	868
FARM - CROP INSURANCE PREMIUM	4,853	4,853
FARM - COMMODITY PROMOTION CHECKOFF	476	476
FARM - GRAIN TRUCKING	1,635	1,635
FARM - FARM MAINTENANCE & LABOR	42,049	42,049
FARM - MANAGEMENT FEES	18,496	18,496
FARM - REAL ESTATE TAXES	43,809	43,809
FARM - FARM PROPERTY INSURANCE	11,923	11,923
FARM - MISC. OPERATING EXPENSE	13,931	13,931
FARM - SYRUP SUPPLIES	29,779	29,779
FARM - GENERAL UTILITIES	9,203	9,203
FARM - STATE TAX WITHHOLDING	4,437	4,437
FARM - FARM ORGANIZATION DUES	56	56
FARM - GRAIN STORAGE	1,369	1,369

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FARM INCOME	308,103	308,103	308,103

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Description	Amount
ROUNDING	2

- TIN:

TY 2024 TaxesSchedule

Name:

FUNKS GROVE FOUNDATION

EIN:

37-6162032

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL ESTIMATES	0	0		0
FEDERAL BALANCE DUE	0	0		0
STATE BALANCE DUE	15	0		0