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
WHEELER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 900 WASHINGTON STREET SUITE 900
  Room/suite
City or town
VANCOUVER
State or province
WA
Country  
ZIP or foreign postal code
98660
A Employer identification number

93-0553801
B Telephone number (see instructions)

3606937442
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)$20,212,896J 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... 496,144 496,144  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 528,690
b Gross sales price for all assets on line 6a 528,690
7 Capital gain net income (from Part IV, line 2)... 528,690
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,024,834 1,024,834  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
128 0 0 128
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,504 1,128 0 376
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
113,011 84,759   28,253
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
20,532 10,302   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 135,175 96,189 0 28,757
25 Contributions, gifts, grants paid....... 890,200 890,200
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,025,375 96,189 0 918,957
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -541
b Net investment income (if negative, enter -0-) 928,645
c Adjusted net income (if negative, enter -0-)... 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......... 447,398 446,616 446,616
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
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 0      
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)....... 11,990,429 Click to see attachment
List of Attached Documents:
// Content
11,990,372 		19,766,280
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)..........     0
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) 12,437,827 12,436,988 20,212,896
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
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........ 12,437,827 12,436,988
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 12,437,827 12,436,988
30 Total liabilities and net assets/fund balances (see instructions). 12,437,827 12,436,988
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
12,437,827
2
Enter amount from Part I, line 27a .....................
2
-541
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,437,286
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
298
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
12,436,988
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 CAPITAL GAIN DIVIDENDS P    
b
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       528,690
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b
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 2 528,690
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 12,908
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 12,908
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 12,908
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 4,376
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,376
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 8,532
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
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)
OR
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 address  
14
The books are in care ofRIVERVIEW TRUST COMPANY Telephone no. (360) 693-7442

Located at900 WASHINGTON ST STE 900VANCOUVERWA ZIP+498660
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)
Yes
 
(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
 
No
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
JOHN C WHEELER DIRECTOR
0 		0    
900 WASHINGTON ST SUITE 900
VANCOUVER,WA98660
CHARLES B WHEELER DIRECTOR
0 		0    
900 WASHINGTON ST SUITE 900
VANCOUVER,WA98660
THOMAS K WHEELER DIRECTOR
0 		0    
900 WASHINGTON ST SUITE 900
VANCOUVER,WA98660
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
RIVERVIEW TRUST COMPANY AGENT FOR FOUNDATION 112,861
900 WASHINGTON ST SUITE 900
VANCOUVER,WA98660
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.........................  
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
18,839,695
b
Average of monthly cash balances.......................
1b
260,242
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
19,099,937
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
19,099,937
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
286,499
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
18,813,438
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
940,672
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
940,672
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
12,908
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,908
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
927,764
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
927,764
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
927,764
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
918,957
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
918,957
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 7 927,764
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...... 88,080
b From 2021...... 0
c From 2022...... 34,684
d From 2023...... 31,182
e From 2024...... 92,827
f Total of lines 3a through e ........ 246,773
4Qualifying distributions for 2025 from Part
XI, line 4: $ 918,957
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..... 918,957
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 8,807 8,807
(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 5 237,966
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) ... 		79,273
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		158,693
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 34,684
c Excess from 2023 .... 31,182
d Excess from 2024 .... 92,827
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).)
NONE
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.
NONE
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:
WHEELER FOUNDATION
900 WASHINGTON ST SUITE 900
VANCOUVER,WA98660
(360) 693-7442
wheelerfoundation@riverviewbank.com
bThe form in which applications should be submitted and information and materials they should include:
LETTER STATING PURPOSE OF GRANT AND INCLUDE A COPY OF 501C(3) DETERMINATION LETTER
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
CANNOT MAKE GRANTS TO INDIVIDUALS-GEOGRAPHIC AREA-OREGON
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

NATURE CONSERVANCY OREGON

821 SE 14TH AVENUE
PORTLAND,OR97214 		NONE   PROGRAM SUPPORT 22,000

THE PEACEFUL PRESENCE PROJECT

PO BOX 1963
BEND,OR97709 		NONE   PROGRAM SUPPORT 12,000

SUNSHINE DIVISION

687 N THOMPSON STREET
PORTLAND,OR97227 		NONE   PROGRAM SUPPORT 10,000

COLUMBIA INSIGHT

PO BOX 1021
HOOD RIVER,OR97031 		NONE   PROGRAM SUPPORT 5,000

GLIDE REVITALIZATION

PO BOX 479
GLIDE,OR97442 		NONE   PROGRAM SUPPORT 4,200

BRIDGING VOICES

PO BOX 86033
PORTLAND,OR97286 		NONE   PROGRAM SUPPORT 4,000

JOYRX

1200 NW NAITO PARKWAY SUITE 140
PORTLAND,OR97209 		NONE   PROGRAM SUPPORT 10,000

PAVE PAWS ASSISTING VETERANS

PO BOX 871
CORNELIUS,OR97113 		NONE   PROGRAM SUPPORT 5,000

COMMUNITY FOR POSITIVE AGING (CFPA)

1820 NE 40TH AVENUE
PORTLAND,OR97212 		NONE   PROGRAM SUPPORT 5,000

READING RESULTS

3115 NE SANDY BLVD STE 229
PORTLAND,OR97232 		NONE   PROGRAM SUPPORT 10,000

CHILDRENS CENTER

1713 PENN LANE
OREGON CITY,OR97045 		NONE   PROGRAM SUPPORT 8,000

OREGON JOURNALISM PROJECT

2220 NW QUIMBY ST
PORTLAND,OR97210 		NONE   PROGRAM SUPPORT 15,000

FAMILY BUILDING BLOCKS

2425 LANCASTER DRIVE NE
SALEM,OR97068 		NONE   PROGRAM SUPPORT 5,000

SALMONBERRY TRAIL FOUNDATION

PO BOX 3193
HILLSBORO,OR97123 		NONE   PROGRAM SUPPORT 20,000

ARIZONA TRAIL ASSOCIATION

738 N 5TH AVENUE 201
TUCSON,AZ85705 		NONE   PROGRAM SUPPORT 10,500

OSWIT LAND TRUST

PO BOX 4020
PALMN SPRINGS,CA92263 		NONE   PROGRAM SUPPORT 10,500

MORRISON CHILD AND FAMILY SERVICES

11035 NE SANDY BLVD
PORTLAND,OR97220 		NONE   PROGRAM SUPPORT 10,000

ALS NORTHWEST

825 NE MULTNOMAH ST SUITE 940
PORTLAND,OR97232 		NONE   PROGRAM SUPPORT 13,000

SCHOOLHOUSE SUPPLIES INC

2735 NE 82ND AVENUE
PORTLAND,OR97220 		NONE   PROGRAM SUPPORT 10,000

URBAN GLEANERS

PO BOX 6344
PORTLAND,OR97228 		NONE   PROGRAM SUPPORT 8,000

CHAMBER MUSIC NORTHWEST

S/B 1201 SW 12TH AVE STE 420
PORTLAND,OR972052031 		NONE   PROGRAM SUPPORT 10,000

METROPOLITAN YOUTH SYMPHONY

4800 SW MACADAM STREET 105
PORTLAND,OR97202 		NONE   PROGRAM SUPPORT 5,000

NW ASSOCIATION FOR BLIND ATHLETES

S/B PO BOX 61489
VANCOUVER,WA98660 		NONE   PROGRAM SUPPORT 15,000

PATH HOME

6220 SE 92ND AVE
PORTLAND,OR97266 		NONE   PROGRAM SUPPORT 10,000

MAURICE LUCAS FOUNDATION

PO BOX 1661
LAKE OSWEGO,OR97035 		NONE   PROGRAM SUPPORT 10,000

CRYSTAL COVE CONSERVANCY

5 CRYSTAL COVE
NEWPORT COAST,CA92567 		NONE   CHARITABLE PURPOSE OF THE 10,500

OREGON REPERTORY SINGERS

PO BOX 820057
PORTLAND,OR97282 		NONE   PROGRAM SUPPORT 5,000

THE NATURE CONSERVANCY - AZ CHAPTER

1819 E MORTEN AVE 100
PHOENIX,AZ85020 		NONE   PROGRAM SUPPORT 15,000

YOUTH VILLAGES OREGON

5331 S MACADAM AVE SUITE 287
PORTLAND,OR97239 		NONE   CHARITABLE PURPOSE OF THE 12,000

ARIZONA STATE UNIVERSITY FOUNDATION
C/O CASH RECEIPTING
PO BOX 2260
TEMPE,AZ852802260 		NONE   CHARITABLE PURPOSE OF THE 35,000

YWCA OF CLARK COUNTY
ATTN VANESSA YARIE COO
3609 MAIN STREETATTN
VANCOUVER,WA98663 		NONE   PROGRAM SUPPORT 10,000

FRIENDS OF THE SAN JUANS

PO BOX 1344
FRIDAY HARBOR,WA98250 		NONE   CHARITABLE PURPOSE OF THE 12,000

JUNIOR ACHIEVEMENT

7830 SE FOSTER ROAD
PORTLAND,OR97206 		NONE   CHARITABLE PURPOSE OF THE 12,000

ALBERTINA KERR CENTERS

424 NE 22ND AVENUE
PORTLAND,OR97232 		NONE   PROGRAM SUPPORT 25,000

OREGON HUMANE SOCIETY

1067 NE COLUMBIA BLVD
PORTLAND,OR97211 		NONE   PROGRAM SUPPORT 10,000

PORTLAND YOUTH PHILHARMONIC

9320 SW BARBUR BLVD SUITE 140
PORTLAND,OR97219 		NONE   PROGRAM SUPPORT 17,000

TRILLIUM FAMILY SERVICES

3415 SE POWELL BOULVEVARD
PORTLAND,OR97202 		NONE   PROGRAM SUPPORT 15,000

TUCKER MAXON SCHOOL

2860 SE HOLGATE BLVD
PORTLAND,OR97202 		NONE   PROGRAM SUPPORT 10,000

OREGON HISTORICAL SOCIETY

1200 SW PARK AVENUE
PORTLAND,OR97205 		NONE   PROGRAM SUPPORT 35,000

VOLUNTEERS OF AMERICA OF OREGON INC

3910 SE STARK ST
PORTLAND,OR97214 		NONE   PROGRAM SUPPORT 15,000

METROPOLITAN FAMILY SERVICES

1010 SE STARK STREET
PORTLAND,OR97214 		NONE   CHARITABLE PURPOSE OF THE 10,000

OREGON MUSEUM OF SCIENCE AND INDUSTRY

1945 SE WATER AVENUE
PORTLAND,OR97214 		NONE   PROGRAM SUPPORT 17,000

OREGON SYMPHONY ASSOCIATION

851 SW SIXTH AVE STE 385
PORTLAND,OR97204 		NONE   CHARITABLE PURPOSE OF THE 5,000

IMPACT NW

PO BOX 33530
PORTLAND,OR97292 		NONE   PROGRAM SUPPORT 15,000

PROVIDENCE ST VINCENT MED FOUNDATION

9205 SW BARNES ROADSTE 2111
PORTLAND,OR97225 		NONE   PROGRAM SUPPORT 15,000

MEALS ON WHEELS PEOPLE
ATT CHIEF DEVELOPMENT OFFICER
7710 SW 31ST AVE
PORTLAND,OR97219 		NONE   CHARITABLE PURPOSE OF THE 17,000

FORA HEALTH INC

PO BOX 16040
PORTLAND,OR97292 		NONE   PROGRAM SUPPORT 85,000

OREGON FOOD BANK

7900 NE 33RD DRIVE
PORTLAND,OR97211 		NONE   PROGRAM SUPPORT 30,000

OREGON COAST AQUARIUM

2820 SE FERRY SLIP RD
NEWPORT,OR97365 		NONE   PROGRAM SUPPORT 15,000

CLACKAMAS WOMENS SERVICES

256 WARNER MILNE ROAD
OREGON CITY,OR97045 		NONE   PROGRAM SUPPORT 15,000

YOUTH RIGHTS & JUSTICE

1785 NE SANDY BLVD SUITE 300
PORTLAND,OR97232 		NONE   PROGRAM SUPPORT 12,000

CASCADE AIDS PROJECT

520 NW DAVIS ST SUITE 215
PORTLAND,OR97209 		NONE   PROGRAM SUPPORT 5,000

LITERARY ARTS INC

925 SW WASHINGTON ST
PORTLAND,OR97205 		NONE   PROGRAM SUPPORT 7,000

CASA FOR CHILDREN

1401 NE 68TH AVE
PORTLAND,OR97213 		NONE   PROGRAM SUPPORT 10,000

FRIENDS OF TREES

3117 NE MARTIN LUTHER KING JR BLVD
PORTLAND,OR97212 		NONE   PROGRAM SUPPORT 12,000

FRIENDS OF THE CHILDREN-PORTLAND

44 NE MORRIS STREET
PORTLAND,OR97212 		NONE   PROGRAM SUPPORT 12,500

CASA OF CLACKAMAS COUNTY

421 HIGH STREET SUITE 108
OREGON CITY,OR97045 		NONE   PROGRAM SUPPORT 10,000

ABC HOUSE INC

PO BOX 68
ALBANY,OR97321 		NONE   CHARITABLE PURPOSE OF THE 10,000

OREGON PARKS FOREVER

1501 SW JEFFERSON STREET
PORTLAND,OR97201 		NONE   PROGRAM SUPPORT 10,000

KINSHIP HOUSE

1823 NE 8TH AVENUE
PORTLAND,OR972123907 		NONE   PROGRAM SUPPORT 15,000

LIBRARY FOUNDATION INC
SERVING THE PEOPLE OF MULTNOMAH COUNTY
620 SW FIFTH AVENUE
PORTLAND,OR97204 		NONE   PROGRAM SUPPORT 15,000

COMMUNITY TRANSITIONAL SCHOOL

6601 NE KILLINGSWORTH
PORTLAND,OR97218 		NONE   PROGRAM SUPPORT 10,000

DRESS FOR SUCCESS

1532 NE 37TH AVENUE SUITE B
PORTLAND,OR97232 		NONE   PROGRAM SUPPORT 12,000

DE LA SALLE NORTH CATHOLIC HS

4300 NE KILLINGSWORTH STREET
PORTLAND,OR97218 		NONE   PROGRAM SUPPORT 15,000

OREGON STATE UNIVERSITY FOUNDATION

4238 SW RESEARCH WAY
CORVALLIS,OR97333 		NONE   CHARITABLE PURPOSE OF THE 15,000

STORE TO DOOR

7730 SW 31ST AVE
PORTLAND,OR97219 		NONE   PROGRAM SUPPORT 10,000
Total ................................. 3a 890,200
bApproved for future payment
Total ................................. 3b  
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 ....     14 496,144  
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 ............ 		    18 528,690  
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) ..   1,024,834  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,024,834
(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:
WHEELER FOUNDATION
EIN:
93-0553801
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,504 1,128   376

TY 2025 InvestmentsCorpStockSchedule
Name:
WHEELER FOUNDATION
EIN:
93-0553801
Name of Stock End of Year Book Value End of Year Fair Market Value
MICHIGAN FIN AUTH REV TAXB    
CA STATE GO TAXABLE 30,488 30,763
VANGUARD ULTRA-SHORT-TERM BOND    
DOUBLELINE TOTAL RETURN BOND F    
METROPOLITAN WEST TOTAL RETURN    
ISHARES CORE US AGGREGATE BOND    
VANGUARD TOTAL INTERNATIONAL B    
ABBOTT LABORATORIES 53,911 138,070
ABBVIE INC 43,967 92,995
BLACKROCK INC 40,599 128,441
BRISTOL-MYERS SQUIBB COMPANY 48,878 42,451
BROADCOM INC 36,805 494,923
CAPITAL ONE FINANCIAL CORP 31,627 107,123
DEERE & CO 28,266 158,294
DIGITAL RLTY TR INC    
DTE ENERGY CO    
ILLINOIS TOOL WORKS INC 26,876 79,555
JOHNSON & JOHNSON 23,101 80,504
JPMORGAN CHASE & CO 25,688 198,810
KLA-TENCOR CORP COM 51,873 501,828
LOCKHEED MARTIN CORP COM 39,412 66,263
LOWE'S COMPANIES INC 22,303 118,168
MCDONALD'S CORP 41,470 52,568
PAYCHEX INC 43,753 103,542
PEPSICO INC 25,406 55,829
PROCTER & GAMBLE CO 30,863 52,881
PUBLIC SERVICE ENTERPRISE GROU 43,981 89,615
TRUIST FINANCIAL CORPORATION    
VERIZON COMMUNICATIONS INC    
ROYAL BANK OF CANADA 41,858 103,999
SEAGATE TECHNOLOGY HLDNGS PLC 70,837 324,134
UNILEVER PLC SPON ADR NEW    
DFA US CORE EQUITY 1 784,598 2,152,438
PRIMECAP ODYSSEY GROWTH 1,093,236 1,483,041
VANGUARD DIVIDEND GROWTH INV 219,934 456,690
VANGUARD INSTITUTIONAL INDEX F 609,652 1,095,341
VANGUARD S&P 500 ETF 270,292 696,114
VANGUARD MID-CAP INDEX ADMIRAL 895,300 1,781,775
DFA US SMALL CAP PORTFOLIO INS 599,857 1,069,929
ISHARES CORE MSCI EAFE ETF 1,207,277 1,975,635
INVESCO INTERNATIONAL SMALL-MI 337,398 346,945
AMERICAN FUNDS NEW WORLD FD CL 401,111 742,579
FIDELITY US BOND INDEX FUND    
VANGUARD TOTAL BOND MARKET IND 1,179,585 1,194,684
PIMCO INTERNATIONAL BOND FUND 330,476 344,250
VANGUARD SHORT TERM INVESTMENT 546,408 578,149
BLACKROCK STRATEGIC INCOME OPP 1,529,836 1,626,085
JPMORGAN CORE BOND R6 1,183,450 1,201,869

TY 2025 LegalFeesSchedule
Name:
WHEELER FOUNDATION
EIN:
93-0553801
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 128     128


TY 2025 OtherDecreasesSchedule
Name:
WHEELER FOUNDATION
EIN:
93-0553801
Description Amount
COST BASIS ADJUSTMENT 298


TY 2025 OtherProfessionalFeesSchedule
Name:
WHEELER FOUNDATION
EIN:
93-0553801
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE - 150 113   38
INVESTMNT MNGMNT FEES (NON-DED 112,861 84,646   28,215


TY 2025 TaxesSchedule
Name:
WHEELER FOUNDATION
EIN:
93-0553801
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 659 659   0
OTHER TAXES (NOT SUBJECT TO $1 1,594 1,594   0
FEDERAL TAX PAYMENT - PRIOR YE 5,854 0   0
FEDERAL ESTIMATES - PRINCIPAL 4,376 0   0
FOREIGN TAXES ON QUALIFIED FOR 7,381 7,381   0
FOREIGN TAXES ON NONQUALIFIED 668 668   0