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
BUTLER FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 825 S WAUKEGAN RD SUITE A8 PMB 218
  Room/suite
City or town
LAKE FOREST
State or province
IL
Country  
ZIP or foreign postal code
60045
A Employer identification number

36-6101775
B Telephone number (see instructions)

9176019652
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)$36,216,620J 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... 411,477 411,477  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,081,213
b Gross sales price for all assets on line 6a 10,209,957
7 Capital gain net income (from Part IV, line 2)... 2,081,213
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........ 2,492,690 2,492,690  
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
5,300 1,325   3,975
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
27,600 0   27,600
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
43,033 4,033   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
161,225 160,233   992
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 237,158 165,591   32,567
25 Contributions, gifts, grants paid....... 1,832,008 1,832,008
26 Total expenses and disbursements. Add lines 24 and 25 ................ 2,069,166 165,591   1,864,575
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 423,524
b Net investment income (if negative, enter -0-) 2,327,099
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.............      
2 Savings and temporary cash investments......... 136,970 1,372,867 1,372,868
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)....... 17,316,331 Click to see attachment
List of Attached Documents:
// Content
16,503,958 		34,843,752
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)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,453,301 17,876,825 36,216,620
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........ 195,819 195,819
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 17,257,482 17,681,006
29 Total net assets or fund balances (see instructions)..... 17,453,301 17,876,825
30 Total liabilities and net assets/fund balances (see instructions). 17,453,301 17,876,825
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
17,453,301
2
Enter amount from Part I, line 27a .....................
2
423,524
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
17,876,825
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
17,876,825
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 ACCENTURE PLC P 2024-09-16 2025-04-21
b ACCENTURE PLC P 2024-10-03 2025-04-21
c AMETEK INC P 2025-03-11 2025-09-12
d BLOCK INC P 2024-10-10 2025-05-02
e COSTAR GROUP P 2025-02-24 2025-10-29
COSTAR GROUP P 2025-07-17 2025-10-29
DESCARTES SYS P 2025-03-11 2025-12-03
DEXCOM P 2025-01-16 2025-10-02
FASTENAL P 2024-08-05 2025-02-10
GENERAC HLDGS P 2024-05-06 2025-02-24
GENERAC HLDGS P 2024-08-05 2025-02-24
NEOGEN CORP P 2024-07-16 2025-03-17
NEOGEN CORP P 2024-08-05 2025-03-17
NEOGEN CORP P 2025-01-16 2025-03-17
SWEETGREEN P 2025-06-04 2025-09-26
ADOBE INC P 2015-06-30 2025-04-03
ALPHABET INC P 2023-01-19 2025-04-03
ALPHABET INC P 2023-10-27 2025-04-03
AMAZON P 2012-11-29 2025-04-03
AMAZON P 2023-03-20 2025-04-03
AMERICAN EXPRESS P 2005-04-06 2025-04-03
AMETEK INC P 2015-06-30 2025-09-12
AMETEK INC P 2015-06-30 2025-09-12
AON PLC P 2020-06-12 2025-10-02
AON PLC P 2020-06-25 2025-10-02
COSTAR GROUP P 2022-07-27 2025-10-29
COSTCO P 2008-03-24 2025-03-11
DESCARTES SYS P 2024-11-19 2025-12-03
DEXCOM P 2011-06-24 2025-10-02
EVOLENT HEALTH P 2020-06-25 2025-02-10
FASTENAL P 2021-02-19 2025-02-10
FLYWIRE CORP P 2022-12-29 2025-02-24
FLYWIRE CORP P 2023-11-08 2025-02-24
GENERAC HLDGS P 2023-08-15 2025-04-03
GENERAC HLDGS P 2024-01-26 2025-04-03
INTUITIVE SURGICAL P 2023-01-19 2025-01-16
INTUITIVE SURGICAL P 2023-01-19 2025-02-24
INTUITIVE SURGICAL P 2023-01-19 2025-10-02
MICROSOFT P 2002-02-28 2025-03-11
MONTROSE ENVIRON P 2023-03-01 2025-02-24
MONTROSE ENVIRON P 2023-03-15 2025-02-24
MONTROSE ENVIRON P 2024-01-11 2025-02-24
PURE STORAGE P 2024-09-11 2025-12-03
PURE STORAGE P 2024-10-10 2025-12-03
PURE STORAGE P 2024-10-14 2025-12-03
RB GLOBAL P 2021-02-19 2025-03-11
S&P GLOBAL P 2020-12-02 2025-03-11
SALESFORCE P 2018-09-24 2025-10-14
SALESFORCE P 2018-12-20 2025-10-14
SALESFORCE P 2019-12-03 2025-10-14
SALESFORCE P 2022-05-12 2025-10-14
STARBUCKS P 1996-01-30 2025-07-31
STARBUCKS P 1996-01-30 2025-07-31
TRANSDIGM P 2020-04-22 2025-03-11
TRANSDIGM P 2020-04-22 2025-03-17
TRANSDIGM P 2020-04-22 2025-12-03
UBER TECH P 2020-07-07 2025-07-30
WALMART P 2019-05-01 2025-03-11
WALMART P 2019-05-01 2025-03-11
WORKDAY INC P 2019-12-03 2025-04-17
WORKDAY INC P 2020-03-03 2025-04-17
WORKDAY INC P 2021-09-09 2025-04-17
ZOETIS INC P 2014-08-28 2025-07-30
ZOETIS INC P 2023-01-19 2025-07-30
ZOETIS INC P 2023-01-19 2025-07-30
ACCENTURE PLC P 2024-09-16 2025-04-08
ACCENTURE PLC P 2024-10-02 2025-04-08
COSTAR GROUP P 2025-02-27 2025-10-29
COSTAR GROUP P 2025-07-17 2025-10-29
FLYWIRE CORP P 2024-05-23 2025-02-26
GENERAC HLDGS P 2024-04-08 2025-04-03
GENERAC HLDGS P 2024-05-13 2025-04-03
PFIZER P 2024-06-24 2025-04-08
PFIZER P 2024-07-09 2025-04-08
ADOBE INC P 2015-06-30 2025-03-13
ALPHABET INC P 2022-09-22 2025-03-13
ALPHABET INC P 2023-03-07 2025-03-13
AMETEK INC P 2015-06-30 2025-09-24
AMETEK INC P 2015-06-30 2025-09-24
AMETEK INC P 2018-11-01 2025-09-24
BOOZ ALLEN P 2023-03-07 2025-02-27
COCA COLA P 2024-07-30 2025-08-13
COSTAR GROUP P 2023-08-23 2025-10-29
COSTAR GROUP P 2024-06-05 2025-10-29
EDWARDS LIFESCIENCE P 2023-03-20 2025-03-05
FLYWIRE CORP P 2023-01-19 2025-02-26
FLYWIRE CORP P 2023-01-19 2025-02-26
GENERAC HLDGS P 2023-08-23 2025-04-03
INTERCONTINENTAL P 2018-06-21 2025-12-03
INTERCONTINENTAL P 2018-06-21 2025-12-03
INTERCONTINENTAL P 2023-03-20 2025-12-03
INTUITIVE SURGICAL P 2023-03-17 2025-03-13
JPMORGAN P 2021-09-09 2025-03-13
RESMED INC P 2022-09-22 2025-01-07
RESMED INC P 2022-10-21 2025-01-07
SALESFORCE P 2018-09-24 2025-10-14
SALESFORCE P 2018-12-20 2025-10-14
SALESFORCE P 2019-12-03 2025-10-14
SALESFORCE P 2022-09-22 2025-10-14
SCHWAB CHARLES P 2023-03-24 2025-01-07
SCHWAB CHARLES P 2023-05-23 2025-01-07
TRANSDIGM P 2020-04-22 2025-12-03
WORKDAY INC P 2019-12-03 2025-04-17
WORKDAY INC P 2020-03-03 2025-04-17
WORKDAY INC P 2020-11-27 2025-04-17
WORKDAY INC P 2022-09-22 2025-04-17
ZOETIS INC P 2014-08-28 2025-11-05
ZOETIS INC P 2022-05-12 2025-11-05
ZOETIS INC P 2022-10-21 2025-11-05
PFIZER P 2024-12-17 2025-12-03
SCOTTS MIRACLE GRO P 2025-06-06 2025-11-19
ABBOTT LABS P 2021-10-26 2025-10-02
ABBOTT LABS P 2022-10-24 2025-10-02
ACCENTURE PLC P 2015-09-29 2025-12-03
ACCENTURE PLC P 2024-10-03 2025-12-03
AON PLC P 2020-04-03 2025-12-03
APPLE INC P 2016-05-05 2025-12-03
APPLE INC P 2016-08-24 2025-12-03
BOOZ ALLEN P 2021-05-19 2025-02-21
DEERE & CO P 2022-01-18 2025-10-02
GOLDMAN SACHS P 2023-11-08 2025-04-28
KIMBERLY CLARK P 2023-03-23 2025-06-06
KIMBERLY CLARK P 2023-08-23 2025-06-06
KIMBERLY CLARK P 2023-09-26 2025-06-06
KIMBERLY CLARK P 2024-03-28 2025-06-06
MCCORMICK & CO P 2022-10-10 2025-01-06
MCCORMICK & CO P 2023-10-25 2025-01-06
MCCORMICK & CO P 2023-11-08 2025-01-06
ORACLE CORP P 2024-05-22 2025-12-03
ORACLE CORP P 2024-06-12 2025-12-03
ORACLE CORP P 2024-10-03 2025-12-03
SCHWAB CHARLES P 2023-10-25 2025-03-06
SCHWAB CHARLES P 2023-11-19 2025-03-06
UNILVER CASH IN LIEU P 2016-06-27 2025-12-09
(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 180,607   229,867 -49,260
b 6,946   9,034 -2,088
c 114,277   106,485 7,792
d 208,270   324,235 -115,965
e 39,609   46,447 -6,838
132,031   171,100 -39,069
41,498   48,947 -7,449
65,474   83,641 -18,167
110,630   99,682 10,948
69,319   66,918 2,401
69,319   71,058 -1,739
43,369   81,173 -37,804
43,369   75,777 -32,408
27,594   34,646 -7,052
122,967   220,851 -97,884
160,803   35,137 125,666
75,970   46,269 29,701
75,970   60,510 15,460
32,720   2,269 30,451
58,168   31,127 27,041
166,867   31,833 135,034
66,090   18,906 47,184
48,187   13,774 34,413
239,566   122,280 117,286
11,853   6,363 5,490
158,437   164,527 -6,090
93,000   6,547 86,453
124,495   170,481 -45,986
32,737   1,833 30,904
48,832   32,740 16,092
36,877   23,610 13,267
100,655   137,121 -36,466
23,602   27,737 -4,135
164,522   159,722 4,800
70,509   68,886 1,623
116,628   50,527 66,101
59,140   25,263 33,877
87,518   50,527 36,991
57,199   4,441 52,758
28,271   57,482 -29,211
13,014   23,722 -10,708
44,875   70,085 -25,210
26,144   18,159 7,985
103,200   79,676 23,524
77,056   60,508 16,548
74,458   39,934 34,524
48,175   32,703 15,472
49,234   31,602 17,632
41,110   21,419 19,691
90,345   59,375 30,970
61,543   39,851 21,692
210,315   2,441 207,874
150,276   1,750 148,526
66,041   13,123 52,918
67,810   13,123 54,687
133,712   18,509 115,203
82,116   31,182 50,934
88,199   34,059 54,140
88   34 54
110,625   86,762 23,863
110,625   84,700 25,925
110,625   135,172 -24,547
67,846   15,989 51,857
89,862   96,766 -6,904
149,771   161,064 -11,293
141,324   176,821 -35,497
24,025   30,269 -6,244
66,016   74,693 -8,677
132,031   171,100 -39,069
26,012   44,572 -18,560
58,758   68,555 -9,797
117,515   140,439 -22,924
152,449   195,188 -42,739
87,489   109,848 -22,359
82,226   17,609 64,617
113,949   70,259 43,690
8,139   4,691 3,448
38,624   11,279 27,345
23,697   6,914 16,783
62,134   23,493 38,641
110,745   95,813 14,932
246,606   235,468 11,138
99,024   120,289 -21,265
33,008   39,065 -6,057
71,558   80,730 -9,172
15,607   37,338 -21,731
36,417   86,407 -49,990
117,515   115,263 2,252
52,234   24,931 27,303
52,234   24,938 27,296
99,449   61,715 37,734
119,353   59,363 59,990
90,096   63,992 26,104
35,290   32,115 3,175
82,343   78,078 4,265
24,617   15,801 8,816
20,432   10,645 9,787
45,049   29,606 15,443
246,171   150,420 95,751
172,038   127,127 44,911
44,817   32,698 12,119
179,174   24,801 154,373
55,312   43,381 11,931
55,312   42,350 12,962
55,313   54,868 445
165,937   113,183 52,754
27,331   8,012 19,319
60,200   80,969 -20,769
36,120   44,228 -8,108
38,483   39,441 -958
71,728   91,257 -19,529
62,956   60,836 2,120
53,016   39,306 13,710
81,932   28,855 53,077
34,139   45,169 -11,030
113,629   50,793 62,836
31,273   2,565 28,708
39,802   3,798 36,004
76,700   56,768 19,932
91,706   76,736 14,970
27,460   16,228 11,232
40,133   38,580 1,553
40,133   38,552 1,581
20,067   18,577 1,490
26,755   25,877 878
35,062   35,265 -203
32,078   27,441 4,637
26,856   23,509 3,347
35,236   21,121 14,115
25,909   17,256 8,653
21,763   17,538 4,225
66,886   42,837 24,049
51,598   39,630 11,968
7   4 3
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       -49,260
b       -2,088
c       7,792
d       -115,965
e       -6,838
      -39,069
      -7,449
      -18,167
      10,948
      2,401
      -1,739
      -37,804
      -32,408
      -7,052
      -97,884
      125,666
      29,701
      15,460
      30,451
      27,041
      135,034
      47,184
      34,413
      117,286
      5,490
      -6,090
      86,453
      -45,986
      30,904
      16,092
      13,267
      -36,466
      -4,135
      4,800
      1,623
      66,101
      33,877
      36,991
      52,758
      -29,211
      -10,708
      -25,210
      7,985
      23,524
      16,548
      34,524
      15,472
      17,632
      19,691
      30,970
      21,692
      207,874
      148,526
      52,918
      54,687
      115,203
      50,934
      54,140
      54
      23,863
      25,925
      -24,547
      51,857
      -6,904
      -11,293
      -35,497
      -6,244
      -8,677
      -39,069
      -18,560
      -9,797
      -22,924
      -42,739
      -22,359
      64,617
      43,690
      3,448
      27,345
      16,783
      38,641
      14,932
      11,138
      -21,265
      -6,057
      -9,172
      -21,731
      -49,990
      2,252
      27,303
      27,296
      37,734
      59,990
      26,104
      3,175
      4,265
      8,816
      9,787
      15,443
      95,751
      44,911
      12,119
      154,373
      11,931
      12,962
      445
      52,754
      19,319
      -20,769
      -8,108
      -958
      -19,529
      2,120
      13,710
      53,077
      -11,030
      62,836
      28,708
      36,004
      19,932
      14,970
      11,232
      1,553
      1,581
      1,490
      878
      -203
      4,637
      3,347
      14,115
      8,653
      4,225
      24,049
      11,968
      3
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 2,081,213
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 32,347
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 32,347
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 32,347
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 42,021
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 42,021
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 9,674
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax9,674 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
 
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)
IL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofKAREN B CONNELL Telephone no. (917) 601-9652

Located at825 S WAUKEGAN ROAD SUITE A8 PMB218LAKE FORESTIL ZIP+460045
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KAREN B CONNELL TRUSTEE
1.00 		0 0 0
30 BURROUGHS RD
LEXINGTON,MA02420
ELIZABETH B PRUETT TRUSTEE
0.00 		0 0 0
77 E PEMBROKE DRIVE
LAKE FOREST,IL60045
KAY S BUTLER TRUSTEE
0.00 		0 0 0
6400 N 52ND PLACE
PARADISE VALLEY,AZ85253
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
35,288,559
b
Average of monthly cash balances.......................
1b
867,006
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
36,155,565
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
36,155,565
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
542,333
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
35,613,232
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,780,662
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
1,780,662
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
32,347
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
32,347
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,748,315
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,748,315
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
1,748,315
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
1,864,575
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
1,864,575
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 1,748,315
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 157,723
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,864,575
a Applied to 2024, but not more than line 2a 157,723
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..... 1,706,852
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		41,463
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KAREN B CONNELL
825 S WAUKEGAN RD SUITE A8 PMB 218
LAKE FOREST,IL60045
(917) 601-9652
bThe form in which applications should be submitted and information and materials they should include:
THERE ARE NO STANDARD APPLICATION FORMS. A LETTER REQUESTING A CONTRIBUTION IS SUFFICIENT.
cAny submission deadlines:
THERE ARE NO SUBMISSION DEADLINES.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ORGANIZATIONS MUST BE EDUCATIONAL, RELIGIOUS, OR CHARITABLE AS DEFINED UNDER IRC SECTION 170(C).
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

ABILITY 360 INC

5031 E WASHINGTON ST
PHOENIX,AZ85034 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

AMERICAN NATIONAL RED CROSS

2200 W HARRISON ST
CHICAGO,IL60612 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 20,000

AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS

424 E 92ND ST
NEW YORK,NY10128 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 20,000

ARIZONA SCIENCE CENTER

600 E WASHINGTON ST
PHOENIX,AZ85004 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

ART INSTITUTE OF CHICAGO

111 S MICHIGAN AVE
CHICAGO,IL60603 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 116,000

AMERICAN BRAIN TUMOR ASSOCIATION

8550 W BRYN MAWR AVE
CHICAGO,IL60631 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

ARIZONA ARTS CIRCLE LTD

3104 E CAMELBACK RD 157
PHOENIX,AZ85016 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

BLESSED STEPHEN BELLESINI OSA ACADEMY INC

94 BRADFORD ST
LAWRENCE,MA01840 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

CHILD CRISIS ARIZONA

424 W RIO SALADO PKWY
MESA,AZ85201 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

GASPARILLA ISLAND CONSERVATION & IMPROVEMENT ASSOCIATION INC

131 FIRST ST W 8
BOCA GRANDE,FL33921 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

BROOKS SCHOOL

1160 GREAT POND RD
NORTH ANDOVER,MA01845 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 38,000

BRUSHWOOD CENTER AT RYERSON WOODS

21850 RIVERWOODS RD
RIVERWOODS,IL60015 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 20,000

CANCER WELLNESS CENTER

215 REVERE DR
NORTHBROOK,IL60062 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

CANEY CREEK COMMUNITY CENTER - ALICE LLOYD COLLEGE

100 PURPOSE RD
PIPPA PASSES,KY41844 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 20,000

GLENWOOD ACADEMY

500 W 187TH ST
GLENWOOD,IL60425 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

CHICAGO SYMPHONY ORCHESTRA

220 S MICHIGAN AVE
CHICAGO,IL60604 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 15,000

CHRIST CHURCH OF THE ASCENSION

4015 E LINCOLN DR
PARADISE VALLEY,AZ85253 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

COLGATE UNIVERSITY

13 OAKS DR EXT
HAMILTON,NY13346 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 30,000

INTERNATIONAL CHAMBER ARTISTS

17 THORNTREE LN
LAKE BLUFF,IL60044 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

JAMES MERRILL HOUSE FOUNDATION

107 WATER STREET
STONINGTON,CT06378 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATIONGENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 3,000

EITELJORG MUSEUM OF AMERICAN INDIANS AND WESTERN ART INC

500 W WASHINGTON ST
INDIANAPOLIS,IN46204 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

ELAWA FARM FOUNDATION

1401 MIDDLEFORK DR
LAKE FOREST,IL60045 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 24,000

FAMILY ACTION NETWORK

1718 SHERMAN AVE 201
EVANSTON,IL60201 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 15,000

FIELD MUSUEM OF NATURAL HISTORY

1400 S LAKE SHORE DR
CHICAGO,IL60605 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 12,500

NORTHERN ILLINOIS FOOD BANK

273 DEARBORN COURT
GENEVA,IL60134 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

FOURTH PRESBYTERIAN CHURCH

126 E CHESTNUT ST
CHICAGO,IL60611 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

GREAT LAKES ADAPTIVE SPORTS ASSOC

27864 IRMA LEE CIR
LAKE FOREST,IL60045 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 54,025

GROTON SCHOOL

282 FARMERS ROW
GROTON,MA01450 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 25,000

HISTORY CENTER OF LAKE FOREST LAKE BLUFF

509 E DEERPATH RD
LAKE FOREST,IL60045 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

PANHELLENIC SCHOLARSHIP FOUNDATION

8501 W HIGGINS RD STE 210
CHICAGO,IL60631 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

JACKSON LABORATORY

600 MAIN ST
BAR HARBOR,ME04609 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 158,333

PEDIATRIC BRAIN TUMOR FOUNDATION OF THE UNITED STATES INC

380 KNOLLWOOD ST SUITE H125
WINSTON SALEM,NC27103 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

LAKE COUNTY HAVEN

PO BOX 127
LIBERTYVILLE,IL60048 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

LAKE FOREST COLLEGE

555 N SHERIDAN RD
LAKE FOREST,IL60045 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 15,000

LAKE FOREST COUNTRY DAY SCHOOL

145 S GREEN BAY RD
LAKE FOREST,IL60045 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

ST STEPHEN S & ST AGNES SCHOOLD FOUNDATION

400 FONTAINE ST
ALEXANDRIA,VA22302 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

LAKE FOREST HIGH SCHOOL FOUNDATION

PO BOX 148
LAKE FOREST,IL60045 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

LAKE FOREST OPEN LANDS ASSOCIATION

350 WAUKEGAN RD
LAKE FOREST,IL60045 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 13,000

LEUKEMIA & LYMPHOMA SOCIETY INC - METRO NY REGION NOW BLOOD CARE UNITED

3 INTERNATIONAL DRIVE
RYE BROOK,NY10573 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 451,650

LEUKEMIA & LYMPHOMA SOCIETY INC - NYC CHAPTER

PO BOX 22470
NEW YORK,NY10087 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 15,000

MAKE A WISH FOUNDATION OF AMERICA

1702 E HIGHLAND AVE
PHOENIX,AZ85016 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 30,000

MOTHERS TR FOUNDATION

400 E ILLINOIS RD
LAKE FOREST,IL60045 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

STONINGTON VILLAGE IMPROVEMENT ASSOCIATION INC

PO BOX 18
STONINGTON,CT06378 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

ORCHARD SCHOOL FOUNDATION INC

615 W 64TH ST
INDIANAPOLIS,IN46260 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

PHOENIX CHILDRENS HOSPITAL

1919 E THOMAS RD
PHOENIX,AZ85016 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

PHOENIX SYMPHONY ASSOCIATION

ONE N FIRST ST
PHOENIX,AZ85004 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 25,000

THE SALVATION ARMY - METROPOLITAN DIVISION

5040 N PULASKI RD
CHICAGO,IL60630 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 15,000

RAVINIA FESTIVAL ASSOCIATION

418 SHERIDAN RD
HIGHLAND PARK,IL60035 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 160,000

TRIANGLE INC

450 BROADWAY
MALDEN,MA02148 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

WAY OF THE RAIN INC

903 W ALAMEDA ST SUITE 506
SANTA FE,NM87501 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 25,000

RHODE ISLAND SCHOOOL OF DESIGN

2 COLLEGE ST
PROVIDENCE,RI02903 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

SANDRA DAY OCONNOR INSTITUTE

111 E TAYLOR ST 9220
PHOENIX,AZ85004 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

SOUTHWESTERN HEIGHTS HIGH SCHOOL

17222 MUSTANG RD
KISMET,KS67859 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 30,000

YOUNG MASTERMINDS INITIATIVE

137 MONTAGUE ST SUITE 185
BROOKLYN,NY11201 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

ST MARYS FOOD BANK ALLIANCE

3131 W THOMAS RD
PHOENIX,AZ85017 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

THE CHURCH OF THE HOLY SPIRIT

400 E WESTMINISTER AVE
LAKE FOREST,IL60045 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 156,500

THE COURAGEOUS PARENTS NETWORK INC

21 ROCHESTER RD
NEWTON,MA02458 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000

THE POSSE FOUNDATION INC - CHICAGO

111 W JACKSON BLVD 1100
CHICAGO,IL60604 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 20,000

TRUSTEES OF WESTMINSTER SCHOOL INC

995 HOPMEADOW STREET
SIMSBURY,CT06070 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 15,000

UNIVERSITY OF VIRGINIA SCHOOL OF ARCHITECTURE

110 BAYLY DR
CHARLOTTESVILLE,VA22903 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

URBAN RIVERS INC

1440 N KINGSBURY 005
CHICAGO,IL60642 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 10,000

VILLANOVA UNIVERSITY

800 LANCASTER AVE
VILLANOVA,PA19085 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 25,000

WOMANS BOARD OF NORTHWESTERN MEMORIAL HOSPITAL

541 N FAIRBANKS CT
CHICAGO,IL60611 		NONE   GENERAL CHARITABLE, RELIGIOUS, EDUCATIONAL OR SCIENTIFIC PURPOSE OF THE DONEE ORGANIZATION 5,000
Total ................................. 3a 1,832,008
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 ....     14 411,477  
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 2,081,213  
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 2,492,690 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,492,690
(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:
BUTLER FAMILY FOUNDATION
EIN:
36-6101775
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 5,300 1,325   3,975

TY 2025 InvestmentsCorpStockSchedule
Name:
BUTLER FAMILY FOUNDATION
EIN:
36-6101775
Name of Stock End of Year Book Value End of Year Fair Market Value
BLAIR NFS 6375 BFF PORTFOLIO 7,326,336 15,406,193
BLAIR GDG 9034 BFF PORTFOLIO 2,348,231 5,150,488
BLAIR NFS 6376 LBA PORTFOLIO 6,829,391 14,287,071

TY 2025 OtherExpensesSchedule
Name:
BUTLER FAMILY FOUNDATION
EIN:
36-6101775
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 160,233 160,233   0
DUES & SUBSCRIPTIONS 899 0   899
MISCELLANEOUS 43 0   43
BANK SERVICE CHARGES 50 0   50


TY 2025 OtherProfessionalFeesSchedule
Name:
BUTLER FAMILY FOUNDATION
EIN:
36-6101775
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER ADMINISTRATIVE FEES 15,000 0   15,000
PROFESSIONAL FEES 12,600 0   12,600


TY 2025 TaxesSchedule
Name:
BUTLER FAMILY FOUNDATION
EIN:
36-6101775
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX ON INVESTMENT INCOME 39,000 0   0
FOREIGN TAXES 4,033 4,033   0