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
THE ADDY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 3232 MCKINNEY AVENUE 1500
  Room/suite
City or town
DALLAS
State or province
TX
Country  
ZIP or foreign postal code
752047402
A Employer identification number

47-2607515
B Telephone number (see instructions)

2143034900
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)$120,869,942J 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) 23,840,948
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 5,325,254 5,325,254  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 37,426,911
b Gross sales price for all assets on line 6a 37,426,911
7 Capital gain net income (from Part IV, line 2)... 37,426,911
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........ 66,593,113 42,752,165  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 376,190 37,619   338,571
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 38,318 3,832   34,486
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
14,624 1,462   13,162
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,775 3,155   12,620
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
16,314 1,631   14,683
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 10,665 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
110,241 61,264   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 582,127 108,963   413,522
25 Contributions, gifts, grants paid....... 23,174,595 23,174,595
26 Total expenses and disbursements. Add lines 24 and 25 ................ 23,756,722 108,963   23,588,117
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 42,836,391
b Net investment income (if negative, enter -0-) 42,643,202
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 350,938 120,869,162 120,869,162
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 114,311,158 Click to see attachment
List of Attached Documents:
// Content
780 		780
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) 114,662,096 120,869,942 120,869,942
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 ) Click to see attachment
List of Attached Documents:
// Content
1,406 		Click to see attachment
List of Attached Documents:
// Content
6,514
23 Total liabilities (add lines 17 through 22)......... 1,406 6,514
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 114,660,690 120,863,428
29 Total net assets or fund balances (see instructions)..... 114,660,690 120,863,428
30 Total liabilities and net assets/fund balances (see instructions). 114,662,096 120,869,942
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
114,660,690
2
Enter amount from Part I, line 27a .....................
2
42,836,391
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
157,497,081
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
36,633,653
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
120,863,428
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 SHORT TERM CAPITAL GAIN DISTRIBUTIONS     2025-12-31
b LONG TERM CAPITAL GAIN DISTRIBUTIONS     2025-12-31
c
d
e
(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 1,791,460     1,791,460
b 35,635,451     35,635,451
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       1,791,460
b       35,635,451
c
d
e
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 37,426,911
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) 1 592,741
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........................... 3 592,741
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- ..... 5 592,741
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 635,000
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.............. 7 635,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 42,259
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax42,259 Refunded 11 0
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
Yes
 
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)
TX
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
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 addressADDYFOUNDATION.ORG
14
The books are in care ofBENJAMIN J LEAL Telephone no. (214) 303-4900

Located at3232 MCKINNEY AVE SUITE 1500DALLASTX ZIP+475204
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
WILLIAM M ADDY DIRECTOR, VICE PRESIDENT, SECRETARY,
1.00 		0 0 0
3232 MCKINNEY AVE SUITE 1500
DALLAS,TX75204
LYDIA B ADDY DIRECTOR, VICE PRESIDENT
1.00 		0 0 0
3232 MCKINNEY AVE SUITE 1500
DALLAS,TX75204
BENJAMIN J LEAL DIRECTOR, PRESIDENT, TREASURER
40.00 		376,190 0 0
3232 MCKINNEY AVE SUITE 1500
DALLAS,TX75204
SARAH SCHOLL SECRETARY
6.00 		0 0 0
3232 MCKINNEY AVE SUITE 1500
DALLAS,TX75204
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
4,762,892
b
Average of monthly cash balances.......................
1b
128,128,600
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
132,891,492
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
132,891,492
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,993,372
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
130,898,120
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
6,544,906
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
6,544,906
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
592,741
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
592,741
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,952,165
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,952,165
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
5,952,165
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
23,588,117
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
23,588,117
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 5,952,165
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...... 6,761,632
b From 2021...... 3,749,738
c From 2022...... 10,409,392
d From 2023...... 9,144,720
e From 2024...... 7,417,073
f Total of lines 3a through e ........ 37,482,555
4Qualifying distributions for 2025 from Part
XI, line 4: $ 23,588,117
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..... 5,952,165
e Remaining amount distributed out of corpus 17,635,952
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 55,118,507
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) ... 		6,761,632
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		48,356,875
10 Analysis of line 9:
a Excess from 2021 .... 3,749,738
b Excess from 2022 .... 10,409,392
c Excess from 2023 .... 9,144,720
d Excess from 2024 .... 7,417,073
e Excess from 2025 .... 17,635,952
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).)
WILLIAM M ADDY
LYDIA B ADDY
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:
BEN LEAL
3232 MCKINNEY AVE SUITE 1500
DALLAS,TX75204
(214) 303-4900
bThe form in which applications should be submitted and information and materials they should include:
THE INSTRUCTIONS FOR A GRANT PROPOSAL OF THE ADDY FOUNDATION INCLUDE THE FOLLOWING: (A) NAME, ADDRESS, AND TAXPAYER IDENTIFICATION NUMBER OF GRANTEE. (B) WHAT AMOUNTS AND DATES OF DISTRIBUTION ARE REQUESTED BY THE GRANTEE. (C) AN AGREEMENT BY THE GRANTEE TO USE THE GRANT FUNDS ONLY FOR THE PURPOSES FOR WHICH THE GRANT WAS MADE, TO PROVIDE PERIODIC WRITTEN REPORTS CONCERNING THE USE OF GRANT FUNDS, TO REQUIRE A FINAL WRITTEN REPORT AND AN ACCOUNTING OF HOW GRANT FUNDS WERE USED, AND TO ACKNOWLEDGE THE AUTHORITY OF THE ADDY FOUNDATION TO WITHHOLD AND/OR RECOVER GRANT FUNDS IN CASE THESE FUNDS ARE, OR APPEAR TO BE, MISUSED.
cAny submission deadlines:
QUARTERLY SUBMISSION DEADLINES ARE AS FOLLOWS: FEBRUARY 1, MAY 1, AUGUST 1 AND NOVEMBER 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE ADDY FOUNDATION AS PART OF THE GRANT OR DISTRIBUTION WILL REQUIRE PERIODIC WRITTEN REPORTS, NOT LESS FREQUENTLY THAN ANNUALLY, DESCRIBING HOW THE GRANT OR DISTRIBUTION HAS BEEN USED.
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

AFTER-SCHOOL ALL-STARS

2902 SWISS AVE
DALLAS,TX75204 		    EDUCATION 50,000

AT&T PERFORMING ARTS CENTER

2403 FLORA ST
DALLAS,TX75201 		    CULTURE 502

AURORA DALLAS

2732 W COLORADO BLVD
DALLAS,TX75211 		    CULTURE 73,000

BACHMAN LAKE TOGETHER

9507 OLGA MARTINEZ HICKMAN
DALLAS,TX75220 		    EDUCATION 100,000

COMMUNITY DOES IT

1639 S BUCKNER BLVD
DALLAS,TX75217 		    HEALTH 165,000

DALLAS AFTER SCHOOL

3900 WILLOW ST SUITE 110
DALLAS,TX75226 		    EDUCATION 100,104

DALLAS FREE PRESS

1401 BOTHAM JEAN BLVD
DALLAS,TX75215 		    CIVIC/COMMUNITY ENGAGEMENT 40,000

DEEP VELLUM PUBLISHING

3000 COMMERCE ST
DALLAS,TX75226 		    CULTURE 100,000

DWELL WITH DIGNITY

1127 CONVEYOR LN
DALLAS,TX75247 		    SOCIAL SERVICES 50,000

EDUCATIONAL FIRST STEPS

2815 GASTON AVE
DALLAS,TX75226 		    EDUCATION 50,000

HEART HOUSE

PO BOX 823162
DALLAS,TX75382 		    EDUCATION 51,500

JUANITA CRAFT MUSEUM

2618 WARREN AVE
DALLAS,TX75215 		    CULTURE 1,199

LEADERSHIP FORWARD MENTORING PROGRAM

616 MADISON AVE
DALLAS,TX75208 		    EDUCATION 30,000

LONE STAR JUSTICE ALLIANCE

3809 S 1ST ST
AUSTIN,TX78704 		    CIVIC/COMMUNITY ENGAGEMENT 100,000

METROCREST SERVICES INC

1145 N JOSEY LANE
CARROLLTON,TX75006 		    SOCIAL SERVICES 300,000

NOMI NETWORK

PO BOX 42 NEW YORK
NEW YORK,NY10156 		    SOCIAL SERVICES 50,000

NPOWER

55 WASHINGTON STREET SUITE 560
BROOKLYN,NY11201 		    EDUCATION 125,000

PEROT MUSEUM OF NATURE & SCIENCE

2201 N FIELD ST
DALLAS,TX75201 		    EDUCATION 500,000

SOUTHERN METHODIST UNIVERSITY

PO BOX 750402
DALLAS,TX75275 		    EDUCATION 700,000

TEACH FOR AMERICA

600 N PEARL ST STE 2300
DALLAS,TX75201 		    EDUCATION 135,000

TECO THEATRICAL PRODUCTIONS INC DBA BISHOP ARTS THEATRE CENTER

215 S TYLER ST
DALLAS,TX75208 		    CULTURE 50,000

THE CONCILIO

650 FORT WORTH AVE STE 250
DALLAS,TX75208 		    SOCIAL SERVICES 70,000

THE EDUCATOR COLLECTIVE

4346 SOMERVILLE AVE
DALLAS,TX75206 		    EDUCATION 40,000

THE STOREHOUSE OF COLLIN COUNTY

1401 MIRA VISTA BLVD
PLANO,TX75093 		    SOCIAL SERVICES 500,000

UNION DEVELOPMENT CORPORATION

PO BOX 224486
DALLAS,TX75222 		    CIVIC/COMMUNITY ENGAGEMENT 5,000

UNITED TO LEARN

3000 PEGASUS PARK DRIVE SUITE 940
DALLAS,TX75247 		    EDUCATION 531,633

WESLEY-RANKIN COMMUNITY CENTER

3100 CROSSMAN AVE
DALLAS,TX75212 		    SOCIAL SERVICES 65,000

YOUNG LEADERS STRONG CITY

DALLAS TX 75205
MESQUITE,TX75149 		    CIVIC/COMMUNITY ENGAGEMENT 85,000

CROSSROADS COMMUNITY SERVICES

4500 S COCKRELL HILL RD
DALLAS,TX75236 		    SOCIAL SERVICES 500,000

DALLAS EDUCATION FOUNDATION

9400 N CENTRAL EXPRESSWAY SUITE
1310 / MAILBOX 19
DALLAS,TX75231 		    EDUCATION 69,288

FRAZIER REVITALIZATION INC

5646 MILTON ST STE 407
DALLAS,TX75206 		    CIVIC/COMMUNITY ENGAGEMENT 250

AGRAPE

4104 JUNIUS ST
DALLAS,TX75246 		    HEALTH 25,000

ALL STAR PROJECTS

517 N HASKELL AVE
DALLAS,TX75246 		    CIVIC/COMMUNITY ENGAGEMENT 80,000

ASPEN INSTITUTE

2300 N ST NW SUITE 700
WASHINGTON,DC20037 		    CIVIC/COMMUNITY ENGAGEMENT 3,299

AUDUBON DALLAS

6500 S GREAT TRINITY FOREST WAY
DALLAS,TX75217 		    CIVIC/COMMUNITY ENGAGEMENT 80,000

AVANCE DALLAS INC

2060 SINGLETON BLVD 103
DALLAS,TX75212 		    SOCIAL SERVICES 50,000

BADGE OF PRIDE

300 S MONTREAL AVE
DALLAS,TX75208 		    CULTURE 10,000

BARACK OBAMA FOUNDATION

5235 SOUTH HARPER COURT SUITE 1140
CHICAGO,IL60615 		    CIVIC/COMMUNITY ENGAGEMENT 200,000

BAYLOR SCOTT & WHITE HEALTH FOUNDATION

3600 GASTON AVE 100
DALLAS,TX75246 		    HEALTH 60,000

BLACK TIE DINNER

3824 CEDAR SPRINGS RD 335
DALLAS,TX75219 		    CIVIC/COMMUNITY ENGAGEMENT 200

BLOOMERANG

9120 OTIS AVE
INDIANAPOLIS,IN46216 		    EDUCATION 5,092

BONTON FARMS

6911 BEXAR ST
DALLAS,TX75215 		    HEALTH 10,000

BOYS & GIRLS CLUBS OF GREATER TARRANT COUNTY INC

3218 E BELKNAP ST
FORT WORTH,TX76111 		    SOCIAL SERVICES 300,000

CENTER FOR CREATIVE LEADERSHIP

1 LEADERSHIP PL
GREENSBORO,NC27410 		    CIVIC/COMMUNITY ENGAGEMENT 30,000

CRYSTAL CHAITY BALL

3838 OAK LAWN AVE L150
DALLAS,TX75219 		    SOCIAL SERVICES 1,050

DALLAS CENTER FOR THE PERFORMING ARTS

2403 FLORA ST
DALLAS,TX75201 		    CULTURE 35,000

DALLAS COLLEGE FOUNDATION

1601 BOTHAM JEAN BLVD SUITE 130
DALLAS,TX75215 		    EDUCATION 550

DALLAS EVICTION PROJECT

2921 LEESHIRE DRIVE
DALLAS,TX75228 		    SOCIAL SERVICES 115,000

DALLAS FURNITURE BANK

2055 LUNA RD STE 130
CARROLLTON,TX75006 		    SOCIAL SERVICES 60,000

DALLAS SUMMER MUSICALS

909 1ST AVE
DALLAS,TX75210 		    CULTURE 324

EDUCTIONALAL OPPURTUNITIES INC

3419 WESTMINSTER AVE 218
DALLAS,TX75205 		    EDUCATION 50,000

EQUEST

811 PEMBERTON HILL RD BUILDING 4
DALLAS,TX75217 		    CIVIC/COMMUNITY ENGAGEMENT 40,000

FAMILIES TO FREEDOM

PO BOX 1226
ADDISON,TX75001 		    SOCIAL SERVICES 5,000

FERGUSON ROAD INITIATIVE

1451 JOHN WEST RD SUITE 200
DALLAS,TX75228 		    CIVIC/COMMUNITY ENGAGEMENT 25,000

FOR OAK CLIFF

907 E LEDBETTER DR
DALLAS,TX75216 		    CULTURE 75,000

FRIENDS OF KATY TRAIL

3102 MAPLE AVE 230
DALLAS,TX75201 		    CIVIC/COMMUNITY ENGAGEMENT 500,000

GENESIS WOMEN'S SHELTER

2023 LUCAS DR
DALLAS,TX75219 		    SOCIAL SERVICES 10,000

GRATITUDE INITIATIVE

101 VINTAGE DR SUITE 100
RED OAK,TX75154 		    CIVIC/COMMUNITY ENGAGEMENT 60,000

HOUSING FORWARD

3000 PEGASUS PARK DR
DALLAS,TX75247 		    SOCIAL SERVICES 200,000

IMMSCHOOLS

3108 SWISS AVE
DALLAS,TX75204 		    EDUCATION 40,000

IMPACT VENTURES ACCELERATOR

4621 ROSS AVE SUITE 210
DALLAS,TX75204 		    EDUCATION 75,000

INCARNATION PLACE

4061 N CENTRAL EXPY DALLAS
DALLAS,TX75204 		    CIVIC/COMMUNITY ENGAGEMENT 70,000

JEWISH FAMILY SERVICE OF GREATER DALLAS

8448 WALNUT HILL LN
DALLAS,TX75231 		    CULTURE 500,000

JUSTICE TO REFORM FOUNDATION

104 DECKER CT SUITE 200
IRVING,TX75062 		    CIVIC/COMMUNITY ENGAGEMENT 5,000

NEXUS RECOVERY CENTER

8733 LA PRADA DR
DALLAS,TX75228 		    SOCIAL SERVICES 100,000

NORTH TEXAS PUBLIC BROADCASTING INC

1722 ROUTH ST SUITE 204
DALLAS,TX75201 		    CIVIC/COMMUNITY ENGAGEMENT 7,200,000

OAK CLIFF SOCIETY OF FINE ARTS

401 N ROSEMONT AVE
DALLAS,TX75208 		    CULTURE 5,000

OUR COMMUNITY LAW

511 N AKARD ST
DALLAS,TX75201 		    EDUCATION 30,000

OUTLOUD DALLAS

3137 IRVING BLVD 313
DALLAS,TX75247 		    CIVIC/COMMUNITY ENGAGEMENT 50,000

PRIMOS DALLAS

6060 N CENTRAL EXPRESSWAY SUITE 500
DALLAS,TX75206 		    CIVIC/COMMUNITY ENGAGEMENT 25,000

PRINCETON UNIVERSITY

11 CHAMBERS ST
PRINCETON,NJ08542 		    EDUCATION 500,000

RETINA FOUNDATION OF THE SOUTHWEST

9600 N CENTRAL EXPY STE 200
DALLAS,TX75231 		    HEALTH 75,000

SCHOLARSHOT INC

400 LIBERTY ST
DALLAS,TX75204 		    EDUCATION 40,000

SPCA

2400 LONE STAR DR
DALLAS,TX75212 		    SOCIAL SERVICES 5,000,000

STEWPOT

1610 S MALCOLM X BLVD
DALLAS,TX75226 		    SOCIAL SERVICES 104

TEXAS DISCOVERY GARDENS

3601 MARTIN LUTHER KING JR BLVD
DALLAS,TX75210 		    CIVIC/COMMUNITY ENGAGEMENT 100,000

THE BETTER ANGELS SOCIETY

5185 MACARTHUR BLVD NW SUITE 570
WASHINTON,DC20016 		    SOCIAL SERVICES 1,000,000

THE DALLAS OPERA

2403 FLORA ST WINPSEAR OPERA HOUSE
DALLAS,TX75201 		    CULTURE 50,000

THE HUMAN IMPACT

1808 S GOOD LATIMER EXPY STE 110
DALLAS,TX75226 		    CIVIC/COMMUNITY ENGAGEMENT 3,500

THE WALLS PROJECT

4500 SPRING AVE
DALLAS,TX75210 		    EDUCATION 30,000

THEODORE ROOSEVELT PRESIDENTIAL LIBRARY FOUNDATION

401 E MAIN AVE STE 201
BISMARCK,ND58501 		    EDUCATION 1,000,000

THREADS FOR CHANGE

1500 HI LINE DR STE A
DALLAS,TX75207 		    SOCIAL SERVICES 5,000

TRANSITION RESOURCE ACTION CENTER

3108 LIVE OAK ST
DALLAS,TX75206 		    SOCIAL SERVICES 30,000

UNT DALLAS

7300 UNIVERSITY HILLS BLVD
DALLAS,TX75241 		    EDUCATION 65,000

VISITING NURSE ASSOCIATION OF TEXAS

1420 W MOCKINGBIRD LN 700
DALLAS,TX75247 		    HEALTH 200,000

VOLUNTEERS OF AMERICA - HOME REPAIR

2710 AVENUE J
FORT WORTH,TX76105 		    CIVIC/COMMUNITY ENGAGEMENT 200,000

WIPE OUT KIDS CANCER

1349 EMPIRE CENTRAL DR STE 100
DALLAS,TX75247 		    HEALTH 40,000

YOUTH180 INC

201 S TYLER ST
DALLAS,TX75208 		    SOCIAL SERVICES 68,000
Total ................................. 3a 23,174,595
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 5,325,254  
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 37,426,911  
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 42,752,165 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
42,752,165
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE ADDY FOUNDATION
 
Employer identification number

47-2607515
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
THE ADDY FOUNDATION
  		Employer identification number
47-2607515
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
WILLIAM AND LYDIA ADDY
 
3232 MCKINNEY AVENUE STE 1500
 
DALLAS, TX75204

$ 23,840,008


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
WILLIAM AND LYDIA ADDY
 
3232 MCKINNEY AVENUE STE 1500
 
DALLAS, TX75204

$ 940


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE ADDY FOUNDATION
  		Employer identification number

47-2607515
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 VARIOUS SECURITIES/STOCKS $ 8,265,142 2025-01-21
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 VARIOUS SECURITIES/STOCKS $ 15,574,866 2025-02-27
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE ADDY FOUNDATION
  		Employer identification number

47-2607515
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
THE ADDY FOUNDATION
EIN:
47-2607515
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING EXPENSES 15,775 3,155   12,620

TY 2025 InvestmentsOtherSchedule2
Name:
THE ADDY FOUNDATION
EIN:
47-2607515
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GOLDMAN SACHS #3380 FMV 780 780

TY 2025 LegalFeesSchedule
Name:
THE ADDY FOUNDATION
EIN:
47-2607515
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL EXPENSES 14,624 1,462   13,162


TY 2025 OtherDecreasesSchedule
Name:
THE ADDY FOUNDATION
EIN:
47-2607515
Description Amount
EXCISE TAXES 710,045
UNREALIZED GAINS 35,923,608


TY 2025 OtherExpensesSchedule
Name:
THE ADDY FOUNDATION
EIN:
47-2607515
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 133 0   0
MISCELLANEOUS EXPENSE 552 0   0
MEALS 5,947 0   0
OFFICE SUPPLIES 3,157 0   0
PAYROLL: ADP FEES 4,129 0   0
WEBSITE 7,711 0   0
GS ACCOUNT FEES 61,264 61,264   0
DUES & SUBSCRIPTIONS 20,756 0   0
CONSULTING 6,532 0   0
CREDIT CARD FEES 60 0   0


TY 2025 OtherLiabilitiesSchedule
Name:
THE ADDY FOUNDATION
EIN:
47-2607515
Description Beginning of Year - Book Value End of Year - Book Value
BANK OF TEXAS CREDIT CARD 1,406 6,514


TY 2025 SubstantialContributorsSch
Name:
THE ADDY FOUNDATION
EIN:
47-2607515
Name Address
WILLIAM LYDIA ADDY 3232 MCKINNEY AVE SUITE 1500
DALLAS,TX75204


TY 2025 TaxesSchedule
Name:
THE ADDY FOUNDATION
EIN:
47-2607515
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 16,314 1,631   14,683