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
ELIS OLSSON MEMORIAL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 300
  Room/suite
City or town
WEST POINT
State or province
VA
Country  
ZIP or foreign postal code
23181
A Employer identification number

54-6062436
B Telephone number (see instructions)

8043662112
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)$12,345,769J 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      
4 Dividends and interest from securities... 323,730 323,730  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 687,160
b Gross sales price for all assets on line 6a 5,188,966
7 Capital gain net income (from Part IV, line 2)... 687,160
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........ 1,010,890 1,010,890  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,725 2,725   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
98,879 98,879   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,769 3,522   0
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.......... 106,373 105,126   0
25 Contributions, gifts, grants paid....... 400,000 400,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 506,373 105,126   400,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 504,517
b Net investment income (if negative, enter -0-) 905,764
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............. 525,184 243,718 243,718
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)      
b Investments—corporate stock (attach schedule)....... 6,311,314 Click to see attachment
List of Attached Documents:
// Content
5,600,401 		7,351,712
c Investments—corporate bonds (attach schedule)....... 3,196,155 Click to see attachment
List of Attached Documents:
// Content
4,688,067 		4,750,339
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) 10,032,653 10,532,186 12,345,769
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........ 18,415,527 18,415,527
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -8,382,874 -7,883,341
29 Total net assets or fund balances (see instructions)..... 10,032,653 10,532,186
30 Total liabilities and net assets/fund balances (see instructions). 10,032,653 10,532,186
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
10,032,653
2
Enter amount from Part I, line 27a .....................
2
504,517
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,537,170
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
4,984
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
10,532,186
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 CDW LLC 4.125% 05/01/2025 CALLABLE P    
b CENTURY COMMUNITIES 6.75% 06/01/2027 CALLABLE P    
c CLEVELAND CLIFF INC 5.875% 06/01/2027 CALLABLE P    
d CRACKER BARREL OLD .625% CONVERTIBLE P    
e CREDIT ACCEPTANCE CO 6.625% 03/15/2026 CALLABLE P    
CROWN AMERICAS LLC 4.75% 02/1/2026 CALLABLE P    
DIGITALOCEAN HLDGS I 0% CONVERTIBLE P    
ENPRO INC 5.75% 10/15/2026 CALLABLE P    
GLOBAL PARTNERS LP 7% 08/01/2027 CALLABLE P    
THE GOODYEAR TIRE 5% 05/31/2026 CALLABLE P    
THE GOODYEAR TIRE 5% 05/31/2026 CALLABLE P    
ENCOMPASS HEALTH COR 5.75% 09/15/2025 CALLABLE P    
PARK-OHIO INDUSTRIES 6.625% 04/15/2027 CALLABLE P    
PENSKE AUTOMOTIVE 3.5% 09/1/2025 CALLABLE P    
STARWOOD PROPERTY 4.75% 03/15/2025 CALLABLE P    
TARGA RESOURCES PART 6.5% 07/15/2027 CALLABLE P    
TENET HEALTHCARE COR 6.125% 10/01/2028 CALLABLE P    
TRANSDIGM INC 5.5% 11/15/2027 CALLABLE P    
USA COMPRESSION PART 6.875% 09/01/2027 CALLABLE P    
WALGREENS BOOTS ALLI 3.45% 06/01/2026 CALLABLE P    
WESTERN DIGITAL CORP 4.75% 02/15/2026 CALLABLE P    
WESCO INTERNTNL INC VAR PFD CALLABLE P    
AVANTIS INTERNATIONAL EQUITY ETF P    
AVANTIS EMERGING MARKETS EQ ETF P    
AVANTIS EMERGING MARKETS EQ ETF P    
AVANTIS US SMALL CAP VALUE ETF P    
AVANTIS US SMALL CAP VALUE ETF P    
CONGRESS SMALL CAP GROWTH INSTITUTIONAL P    
CONGRESS SMALL CAP GROWTH INSTITUTIONAL P    
FPA NEW INCOME INSTL P    
GLDMN SACH ACTVBETA EMRG MKR EQY ETF P    
GLDMN SACH ACTVBETA EMRG MKR EQY ETF P    
GLDMN SACH ACTVBETA EMRG MKR EQY ETF P    
GLDMN SACH ACTVBETA EMRG MKR EQY ETF P    
GLDMN SACH ACTVBETA EMRG MKR EQY ETF P    
GMO OPPORTUNISTIC INCOME I P    
GMO OPPORTUNISTIC INCOME I P    
GMO OPPORTUNISTIC INCOME I P    
GMO OPPORTUNISTIC INCOME I P    
GOLDMAN SACHS ACTVBT INTEREQY ETF P    
GOLDMAN SACHS ACTVBT INTEREQY ETF P    
GOLDMAN SACHS ACTVBT INTEREQY ETF P    
GOLDMAN SACHS ACTVBT INTEREQY ETF P    
HARTFORD TOTAL RETURN ETF P    
JPMORGAN ULTRA SHORT INCOME ETF P    
JPMORGAN SHORT DURATION CORE PLU ETF P    
JPMORGAN SHORT DURATION CORE PLU ETF P    
MANNING & NAPIER UNCONSTRAINED BOND I P    
COLUMBIA SELIGMAN GLOBAL TECH INST P    
T. ROWE PRICE HEALTH SCIENCES I P    
T. ROWE PRICE CAPITAL APPRECIATION I P    
T. ROWE PRICE GLOBAL STOCK I P    
T. ROWE PRICE GLOBAL STOCK I P    
VANGUARD DIVIDEND GROWTH FUND INV P    
CAPITAL GAINS DIVIDENDS P    
(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 15,000   15,466 -466
b 17,000   17,045 -45
c 20,000   21,040 -1,040
d 15,392   14,184 1,208
e 17,000   16,221 779
14,000   14,550 -550
15,807   14,362 1,445
14,000   14,900 -900
18,000   17,990 10
7,000   7,201 -201
8,000   8,218 -218
9,000   8,999 1
18,000   17,716 284
15,000   15,121 -121
9,000   8,852 148
16,000   16,195 -195
8,000   8,009 -9
17,000   16,881 119
12,000   11,918 82
17,882   17,648 234
14,000   13,678 322
16,000   16,539 -539
170,255   123,553 46,702
7,990   6,571 1,419
7,058   5,455 1,603
70,126   53,560 16,566
99,647   72,021 27,626
144,000   111,193 32,807
100,000   68,933 31,067
32,000   32,371 -371
31,854   29,715 2,139
75,072   62,996 12,076
89,961   71,108 18,853
229,093   169,419 59,674
7,807   5,369 2,438
19,000   19,165 -165
75,000   75,141 -141
150,000   149,348 652
198,000   197,940 60
145,131   91,359 53,772
159,869   100,931 58,938
125,103   83,202 41,901
115,850   100,209 15,641
506,009   506,730 -721
104,278   104,321 -43
132,695   131,945 750
140,644   135,271 5,373
135,000   135,191 -191
406,689   325,186 81,503
263,237   310,015 -46,778
25,000   21,501 3,499
74,000   69,935 4,065
390,054   320,843 69,211
594,370   498,576 95,794
51,093     51,093
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       -466
b       -45
c       -1,040
d       1,208
e       779
      -550
      1,445
      -900
      10
      -201
      -218
      1
      284
      -121
      148
      -195
      -9
      119
      82
      234
      322
      -539
      46,702
      1,419
      1,603
      16,566
      27,626
      32,807
      31,067
      -371
      2,139
      12,076
      18,853
      59,674
      2,438
      -165
      -141
      652
      60
      53,772
      58,938
      41,901
      15,641
      -721
      -43
      750
      5,373
      -191
      81,503
      -46,778
      3,499
      4,065
      69,211
      95,794
      51,093
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 2 687,160
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 12,590
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 12,590
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 12,590
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 4,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 42
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 8,132
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
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
VA
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 ofC ELIS OLSSON Telephone no. (804) 366-2112

Located atPO BOX 300WEST POINTVA ZIP+423181
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
C ELIS OLSSON PRESIDENT & CHAIRMAN
0.00 		0 0 0
PO BOX 300
WEST POINT,VA23181
LISA O EVERETT SECRETARY/TREASURER & DIRECTOR
3.00 		0 0 0
321 STURGEON DRIVE
NAGS HEAD,NC27959
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
11,329,566
b
Average of monthly cash balances.......................
1b
356,120
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
11,685,686
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
11,685,686
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
175,285
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
11,510,401
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
575,520
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
575,520
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
12,590
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,590
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
562,930
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
562,930
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
562,930
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
400,000
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
400,000
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 7 562,930
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 3,137,651
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 3,137,651
4Qualifying distributions for 2025 from Part
XI, line 4: $ 400,000
a Applied to 2024, but not more than line 2a 0
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..... 400,000
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 162,930 162,930
(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 2,974,721
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 .......... 		0
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) ... 		2,974,721
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 e-mail address of the person to whom applications should be addressed:
ELIS OLSSON MEMORIAL FOUNDATION CO
10980 GRANTCHESTER WAY SUITE 220
COLUMBIA,MD21044
(443) 921-9951
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD BE IN WRITTEN FORM AND APPLICANTS SHOULD BE QUALIFIIED EXEMPT CHARITABLE ORGANIZATIONS.
cAny submission deadlines:
APPLICATIONS ARE ACCEPTED THROUGHOUT THE YEAR. THE APPLICANT'S EXEMPT STATUS MUST BE CURRENT.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS ARE LIMITED TO 501(C)(3) EXEMPT ORGANIZATIONS.
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

ALASKA COMMUNITY FOUNDATION

3201 C STREET SUITE 110
ANCHORAGE,AK99503 		NONE   GENERAL PURPOSE 2,000

ALZHEIMERS ASSOCIATION - GREATER RICHMOND CHAPTER

4600 COX RD SUITE 130
RICHMOND,VA23060 		NONE   GENERAL PURPOSE 1,000

AMERICAN RED CROSS FOR CALIFORNIA WILDFIRES

PO BOX 37839
BOONE,IA500370839 		NONE   GENERAL PURPOSE 10,000

AMERICAN RED CROSS FOR TEXAS FLOODS

PO BOX 37839
BOONE,IA500370839 		NONE   TEXAS FLOODS 5,000

ANGELS OF MERCY MEDICAL CLINIC

7151 RICHMOND ROAD STE 401
WILLIAMSBURG,VA23188 		NONE   GENERAL PURPOSE 5,000

ARTS ALIVE INC

P O BOX 906
WEST POINT,VA23181 		NONE   GENERAL PURPOSE 20,000

BAY AGING

5306 OLD VIRGINIA STREET
URBANNA,VA23175 		NONE   GENERAL PURPOSE 3,000

BEACH FOOD PANTRY INC

P O BOX 468
KITTY HAWK,NC27949 		NONE   GENERAL PURPOSE 5,000

BONEFISH & TARPON TRUST

2937 SW 27TH AVENUE SUITE 203
MIAMI,FL33133 		NONE   GENERAL PURPOSE 1,000

BOYKIN SPANIEL FOUNDATION

P O BOX 2047
CAMDEN,SC29020 		NONE   GENERAL PURPOSE 5,000

BOYKIN SPANIEL RESCUE INC

112 HUNTER RIDGE DRIVE
BOILING SPRINGS,SC29316 		NONE   GENERAL PURPOSE 1,000

BRAILLE CIRCULATING LIBRARY FOR THE BLIND

2700 STUART AVENUE
RICHMOND,VA23220 		NONE   GENERAL PURPOSE 1,000

BRIDGES OF CHANGE

PO BOX 4
NEW KENT,VA23124 		NONE   GENERAL PURPOSE 5,000

CAROLINA HONDURAS HEALTH FOUNDATION

PO BOX 20023
WINSTONSALEM,NC27120 		NONE   GENERAL PURPOSE 1,000

CHESAPEAKE BAY FOUNDATION

1108 E MAIN ST SUITE 1600
RICHMOND,VA23219 		NONE   GENERAL PURPOSE 1,000

CHILDRENS HOSPITAL FOUNDATION

2924 BROOK ROAD
RICHMOND,VA232201298 		NONE   GENERAL PURPOSE 5,000

CHILDRENS HOSPITAL OF THE KINGS DAUGHTERS

601 CHILDRENS LANE
NORFOLK,VA23507 		NONE   GENERAL PURPOSE 5,000

CHRISTCHURCH SCHOOL

49 SEAHORSE LANE
CHRISTCHURCH,VA23031 		NONE   GENERAL PURPOSE 5,000

CHRISTOPHER NEWPORT UNIVERSITY EDUCATIONAL FOUNDATION

ONE AVENUE OF THE ARTS
NEWPORT NEWS,VA23606 		NONE   GENERAL PURPOSE 2,000

CIRCLES RVA

PO BOX 25327
RICHMOND,VA23260 		NONE   GENERAL PURPOSE 2,500

COMMUNITY CARE CLINIC OF DARE

PO BOX 1329
NAGS HEAD,NC27959 		NONE   GENERAL PURPOSE 5,000

CURE ALZHEIMERS FUND

34 WASHINGTON ST SUITE 310
WELLESLEY HILLS,ME02481 		NONE   GENERAL PURPOSE 15,000

DIRECT RELIEF FOR HURRICANE MELISSA

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		NONE   GENERAL PURPOSE 10,000

DOCTORS WITHOUT BORDERS

PO BOX 3050
HAGERSTOWN,MD21741 		NONE   GENERAL PURPOSE 3,500

FEEDMORE

1415 RHOADMILLER ST
RICHMOND,VA23220 		NONE   GENERAL PURPOSE 5,000

FOUNDATION FOR HISTORIC CHRIST CHURCH

420 CHRIST CHURCH ROAD
WEEMS,VA22576 		NONE   GENERAL PURPOSE 1,000

GREATER WEST POINT FAMILY YMCA

P O BOX 1526
WEST POINT,VA23181 		NONE   GENERAL PURPOSE 15,000

HANDS ACROSS MATHEWS

P O BOX 1303
MATHEWS,VA23109 		NONE   GENERAL PURPOSE 2,500

HISTORICAL SOCIETY OF WEST POINT

P O BOX 1556
WEST POINT,VA23181 		NONE   GENERAL PURPOSE 500

INDIAN RIVERS HUMANE SOCIETY

P O BOX 264
AYLETT,VA23009 		NONE   GENERAL PURPOSE 1,000

INTERNATIONAL GAME FISH ASSOCIATION

300 GULF STREAM WAY
DANIA BEACH,FL33004 		NONE   GENERAL PURPOSE 2,000

INTERNATIONAL MEDICAL CORPS

2000 M ST NW 600
WASHINGTON,DC20036 		NONE   FOR ISRAEL AND GAZA 5,000

INTERNATIONAL RESCUE COMMITTEE INC

PO BOX 6068
ALBERT LEA,MN56007 		NONE   GENERAL PURPOSE 10,000

JACOB'S LADDER INC

PO BOX 555
URBANNA,VA23175 		NONE   GENERAL PURPOSE 5,000

JAMESTOWN YORKTOWN FOUNDATION

PO BOX 3605
WILLIAMSBURG,VA23187 		NONE   GENERAL PURPOSE 11,000

MARINERS MUSEUM AND PARK

100 MUSEUM DRIVE
NEWPORT NEWS,VA23606 		NONE   GENERAL PURPOSE 1,000

MELVIN ROSSON VETERANS OF FOREIGN WARS POST 8356

497 WATERVILLE COVE
WEST POINT,VA23181 		NONE   GENERAL PURPOSE 20,000

MERCY MEDICAL ANGELS

101 WEST MAIN STREET SUITE 1000
NORFOLK,VA23510 		NONE   GENERAL PURPOSE 2,000

NORTHERN NECK-MIDDLESEX FREE HEALTH CLINIC

PO BOX 1694
KILMARNOCK,VA22482 		NONE   GENERAL PURPOSE 10,000

OPERATION SHOESTRING

P O BOX 11223
JACKSON,MS392831223 		NONE   GENERAL PURPOSE 3,000

OUR LADY OF THE BLESSED SACRAMENT PRESCHOOL

207 WEST EUCLID BLVD
WEST POINT,VA23181 		NONE   GENERAL PURPOSE 5,000

OUTER BANKS SPCA

P O BOX 2477
MANEO,NC27954 		NONE   GENERAL PURPOSE 1,000

PARTNERS IN HEALTH

PO BOX 996
FREDERICK,MD21705 		NONE   GENERAL PURPOSE 1,000

PROCLAIMING GRACE OUTREACH

PO BOX 224
BARHAMSVILLE,VA23011 		NONE   GENERAL PURPOSE 5,000

QUICKSTART CHILDREN OF VIRGINIA

PO BOX 5712
WILLIAMSBURG,VA23188 		NONE   GENERAL PURPOSE 1,000

REMOTE AREA MEDICAL

2200 STOCK CREEK BLVD
ROCKFORD,TN37853 		NONE   GENERAL PURPOSE 5,000

SCIENCE MUSEUM OF VIRGINIA FOUNDATION

P O BOX 11624
RICHMOND,VA232300624 		NONE   GENERAL PURPOSE 10,000

ST ANDREWS SCHOOL

227 S CHERRY STREET
RICHMOND,VA23220 		NONE   GENERAL PURPOSE 10,000

ST MARGARET'S SCHOOL

444 WATER LN
TAPPAHANNOCK,VA22560 		NONE   GENERAL PURPOSE 25,000

STATUE OF LIBERTY-ELLIS ISLAND FOUNDATION

17 BATTERY PL SUITE 324
NEW YORK,NY10004 		NONE   GENERAL PURPOSE 1,000

THE BILLFISH FOUNDATION

5100 N FEDERAL HWY SUITE 200
FT LAUDERDALE,FL33308 		NONE   GENERAL PURPOSE 2,000

THE COMMUNITY FOUNDATION MARK SMITH NEALE II MEMORIAL SCHOLARSHIP FUND

3409 MOORE STREET
RICHMOND,VA23230 		NONE   MARK SMITH NEALE II MEMORIAL SCHOLARSHIP FUND 1,000

THE CORNERSTONE COMMUNITY DEVELOPMENT CENTER

8270 RICHMOND TAPPAHANNOCK HWY
AYLETT,VA23009 		NONE   GENERAL PURPOSE 5,000

THE DOORWAYS

612 E MARSHALL STREET
RICHMOND,VA23219 		NONE   GENERAL PURPOSE 5,000

THE MENOKIN FOUNDATION

P O BOX 1221
WARSAW,VA22572 		NONE   GENERAL PURPOSE 5,000

THE NATIONAL MULTIPLE SCLEROSIS SOCIETY

PO BOX 4594
NEW YORK,NY10163 		NONE   GENERAL PURPOSE 15,000

THRIVE VIRGINIA

PO BOX 529
SANDSTON,VA23150 		NONE   GENERAL PURPOSE 15,000

UNITED NATIONS

1310 L STREET STE 450
WASHINGTON,DC20005 		NONE   UKRAINE SUPPORT 5,000

VERSABILITY RESOURCES

2520 58TH STREET
HAMPTON,VA23661 		NONE   GENERAL PURPOSE 3,000

VICTORY JUNCTION GANG INC

4500 ADAMS WAY
RANDLEMAN,NC27317 		NONE   GENERAL PURPOSE 5,000

VIRGINIA AIR & SPACE SCIENCE CENTER

600 SETTLERS LANDING ROAD
HAMPTON,VA23669 		NONE   GENERAL PURPOSE 1,000

VIRGINIA COMMONWEALTH UNIVERSITY - MASSEY CANCER CENTER

BOX 843042
RICHMOND,VA23284 		NONE   GENERAL PURPOSE 5,000

VIRGINIA FORESTRY EDUCATIONAL FOUNDATION

3808 AUGUSTA AVENUE
RICHMOND,VA23230 		NONE   GENERAL PURPOSE 2,000

VIRGINIA INSTITUTE OF MARINE SCIENCE FOUNDATION

PO BOX 1693
WILLIAMSBURG,VA23187 		NONE   GENERAL PURPOSE 8,000

VIRGINIA LIVING MUSEUM

524 J CLYDE MORRIS BLVD
NEWPORT NEWS,VA23601 		NONE   GENERAL PURPOSE 2,500

VIRGINIA UNION UNIVERSITY

1500 NORTH LOMBARDY STREET
RICHMOND,VA23220 		NONE   GENERAL PURPOSE 5,000

VMPPBS VA PUBLIC MEDIA

23 SESAME STREET
RICHMOND,VA23235 		NONE   GENERAL PURPOSE 1,000

WALKERTON COMMUNITY FIRE ASSOCIATION

2874 WALKERTON LANDING ROAD
WALKERTON,VA23177 		NONE   GENERAL PURPOSE 7,500

WEST POINT HIGH SCHOOL DRAMA DEPARTMENT

2700 MATTAPONI AVE
WEST POINT,VA23181 		NONE   DRAMA DEPARTMENT 2,500

WEST POINT MINISTERS ASSOCIATION

P O BOX 1139
WEST POINT,VA23181 		NONE   GENERAL PURPOSE 5,000

WEST POINT SCHOOLS COMBINED PTO

1060 THOMPSON AVE
WEST POINT,VA23181 		NONE   GENERAL PURPOSE 5,000

WEST POINT VOLUNTER FIRE DEPT & RESCUE SQUAD

P O BOX X
WEST POINT,VA23181 		NONE   GENERAL PURPOSE 15,000

WILLIAMSBURG CHAPTER OF THE UNITED DAUGHTERS OF THE CONFEDERACY IN MEMORY

122 BLACKHEATH
WILLIAMSBURG,VA23188 		NONE   GENERAL PURPOSE 1,500

WINGS OF HOPE INC

18370 WINGS OF HOPE BLVD
ST LOUIS,MO63005 		NONE   GENERAL PURPOSE 1,000
Total ................................. 3a 400,000
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 ........... 		         
4 Dividends and interest from securities ....     14 323,730  
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 ............ 		    18 687,160  
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 1,010,890 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,010,890
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (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 AccountingFeesSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 2,725 2,725   0

TY 2025 InvestmentsCorpBondsSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS & FIXED INCOME 4,688,067 4,750,339

TY 2025 InvestmentsCorpStockSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITY SECURITIES 5,600,401 7,351,712

TY 2025 OtherDecreasesSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Description Amount
BOOK TAX DIFFERENCE IN BASIS OF ASSETS 4,984


TY 2025 OtherProfessionalFeesSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WEALTH MANAGEMENT FEES 98,879 98,879   0


TY 2025 TaxesSchedule
Name:
ELIS OLSSON MEMORIAL FOUNDATION
EIN:
54-6062436
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,522 3,522   0
EXCISE TAXES 1,247 0   0