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
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 1602
 
Room/suite
City or town
SOUTH BEND
State or province
IN
Country  
ZIP or foreign postal code
46634
A Employer identification number

35-6034211
B Telephone number (see instructions)

5742352952
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)$54,350,937
J 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) 1,000,000
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,113,443 1,113,443 1,113,443
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,686,621
b Gross sales price for all assets on line 6a 9,828,834
7 Capital gain net income (from Part IV, line 2)... 1,686,621
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........ 3,800,064 2,800,064 1,113,443
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 185,235 172,735    
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 2,350 2,350 0 0
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 57,294     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)....... 34,109      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 278,988 175,085 0 0
25 Contributions, gifts, grants paid....... 2,209,262 2,209,262
26 Total expenses and disbursements. Add lines 24 and 25 ................ 2,488,250 175,085 0 2,209,262
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,311,814
b Net investment income (if negative, enter -0-) 2,624,979
c Adjusted net income (if negative, enter -0-)... 1,113,443
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............. -255,671    
2 Savings and temporary cash investments.........      
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) 1,221,063 Click to see attachment
List of Attached Documents:
// Content
454,716
454,716
b Investments—corporate stock (attach schedule)....... 21,918,856 Click to see attachment
List of Attached Documents:
// Content
23,608,810
41,605,941
c Investments—corporate bonds (attach schedule)....... 11,922,912 Click to see attachment
List of Attached Documents:
// Content
10,748,657
10,568,556
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 ) Click to see attachment
List of Attached Documents:
// Content
428,069
Click to see attachment
List of Attached Documents:
// Content
1,721,724
Click to see attachment
List of Attached Documents:
// Content
1,721,724
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,235,229 36,533,907 54,350,937
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........ 35,235,229 36,533,907
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)..... 35,235,229 36,533,907
30 Total liabilities and net assets/fund balances (see instructions). 35,235,229 36,533,907
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
35,235,229
2
Enter amount from Part I, line 27a .....................
2
1,311,814
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
36,547,043
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
13,136
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
36,533,907
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 889.39 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-01-15
b 4902.45 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-01-21
c 73447.075 BLACKROCK STRAT INC OPP-INST   2019-03-22 2025-01-23
d 2207.88 FR SB8156 3% 01 APR 2037   2022-03-22 2025-01-27
e 230.83 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-01-27
892.35 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-02-18
3196.89 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-02-20
2398.5 FR SB8156 3% 01 APR 2037   2022-03-22 2025-02-25
643.74 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-02-25
36082.752 LORD ABBETT SHRT DUR INC-I   2021-04-15 2025-03-12
895.33 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-03-17
38.55 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-03-20
2046.64 FR SB8156 3% 01 APR 2037   2022-03-22 2025-03-25
381.62 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-03-25
898.31 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-04-15
338.22 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-04-21
2749.16 FR SB8156 3% 01 APR 2037   2022-03-22 2025-04-25
349.39 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-04-25
901.3 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-05-15
3537.1 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-05-20
285.27 GNR 2025-25 NT 5% 20 FEB 2055   2025-04-03 2025-05-20
1671.52 FR SB8156 3% 01 APR 2037   2022-03-22 2025-05-27
631.92 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-05-27
1558.34 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-06-16
2896.55 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-06-20
256.67 GNR 2025-25 NT 5% 20 FEB 2055   2025-04-03 2025-06-20
20768. FT VEST U.S. EQUITY DEEP BUF   2024-08-26 2025-06-24
1773.56 FR SB8156 3% 01 APR 2037   2022-03-22 2025-06-25
547.54 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-06-25
516. ISHARES RUSSELL 1000 GROWTH INDEX FUND   2023-01-20 2025-07-03
2823.53 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-07-15
27.57 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-07-21
243.59 GNR 2025-25 NT 5% 20 FEB 2055   2025-04-03 2025-07-21
1417.05 FR SB8156 3% 01 APR 2037   2022-03-22 2025-07-25
293.96 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-07-25
1208.638 AB LARGE CAP GROWTH-ADV   2024-04-01 2025-08-14
3891.22 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-08-15
743.6 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-08-20
245.49 GNR 2025-25 NT 5% 20 FEB 2055   2025-04-03 2025-08-20
3003.52 FR SB8156 3% 01 APR 2037   2022-03-22 2025-08-25
421.98 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-08-25
51692.948 VANGUARD S/T INVEST GRD-ADM   2019-03-22 2025-08-26
10132. SS SPDR S&P DIVIDEND ETF   2020-06-02 2025-09-09
3317.24 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-09-15
27.33 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-09-22
263.34 GNR 2025-25 NT 5% 20 FEB 2055   2025-04-03 2025-09-22
1125.53 FR SB8156 3% 01 APR 2037   2022-03-22 2025-09-25
293. FN MA4073 3% 01 JUL 2040   2020-06-10 2025-09-25
18050. FT VEST US EQUITY DEEP BUFFE   2025-06-24 2025-10-10
5828.25 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-10-15
700.7 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-10-20
1413.18 GNR 2025-25 NT 5% 20 FEB 2055   2025-04-03 2025-10-20
3209.194 AB LARGE CAP GROWTH-ADV   2024-04-01 2025-10-21
80103.359 LORD ABBETT SHRT DUR INC-I   2021-05-17 2025-10-21
1508.18 FR SB8156 3% 01 APR 2037   2022-03-22 2025-10-27
463.16 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-10-27
15849.58 AB LARGE CAP GROWTH-ADV   2024-04-01 2025-11-03
2774.25 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-11-17
1958.89 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-11-20
253.65 GNR 2025-25 NT 5% 20 FEB 2055   2025-04-03 2025-11-20
2756.49 FR SB8156 3% 01 APR 2037   2022-03-22 2025-11-25
257.78 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-11-25
5530.85 FHR 3745 VE 4% 15 SEP 2029   2020-11-03 2025-12-15
1350.188 AB LARGE CAP GROWTH-ADV   2025-12-09 2025-12-17
13942.372 AB LARGE CAP GROWTH-ADV   2024-12-10 2025-12-17
1669.08 GNR 2023-136 PA 7% 20 JUN 2053   2023-10-05 2025-12-22
5515.46 GNR 2025-25 NT 5% 20 FEB 2055   2025-04-03 2025-12-22
1834.82 FR SB8156 3% 01 APR 2037   2022-03-22 2025-12-26
739.89 FN MA4073 3% 01 JUL 2040   2020-06-10 2025-12-26
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 889   902 -13
b 4,902   4,944 -42
c 697,747   736,935 -39,188
d 2,208   2,219 -11
e 231   237 -6
892   904 -12
3,197   3,224 -27
2,399   2,411 -12
644   660 -16
139,640   152,232 -12,592
895   907 -12
39   39  
2,047   2,057 -10
382   391 -9
898   909 -11
338   341 -3
2,749   2,763 -14
349   358 -9
901   912 -11
3,537   3,565 -28
285   285  
1,672   1,680 -8
632   648 -16
1,558   1,575 -17
2,897   2,918 -21
257   256 1
855,226   798,945 56,281
1,774   1,782 -8
548   561 -13
221,213   103,008 118,205
2,824   2,851 -27
28   28  
244   243 1
1,417   1,424 -7
294   301 -7
146,910   127,052 19,858
3,891   3,922 -31
744   749 -5
245   245  
3,004   3,018 -14
422   433 -11
542,776   546,074 -3,298
1,416,656   987,912 428,744
3,317   3,341 -24
27   27  
263   263  
1,126   1,131 -5
293   300 -7
835,715   807,555 28,160
5,828   5,865 -37
701   705 -4
1,413   1,412 1
398,742   337,350 61,392
312,403   337,235 -24,832
1,508   1,515 -7
463   475 -12
2,002,594   1,632,437 370,157
2,774   2,791 -17
1,959   1,969 -10
254   253 1
2,756   2,769 -13
258   264 -6
5,531   5,559 -28
148,507   153,678 -5,171
1,533,521   1,332,708 200,813
1,669   1,678 -9
5,515   5,511 4
1,835   1,843 -8
740   759 -19
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
      488,721
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       -13
b       -42
c       -39,188
d       -11
e       -6
      -12
      -27
      -12
      -16
      -12,592
      -12
       
      -10
      -9
      -11
      -3
      -14
      -9
      -11
      -28
       
      -8
      -16
      -17
      -21
      1
      56,281
      -8
      -13
      118,205
      -27
       
      1
      -7
      -7
      19,858
      -31
      -5
       
      -14
      -11
      -3,298
      428,744
      -24
       
       
      -5
      -7
      28,160
      -37
      -4
      1
      61,392
      -24,832
      -7
      -12
      370,157
      -17
      -10
      1
      -13
      -6
      -28
      -5,171
      200,813
      -9
      4
      -8
      -19
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 1,686,621
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 36,487
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 36,487
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 36,487
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 48,038
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 48,038
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 11,551
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax11,551 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)
IN
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
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care of1st Source Bank Telephone no. (574) 235-2952

Located at100 N MICHIGAN STSOUTH BENDIN ZIP+446601
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
Yes
 
If "Yes," list the years 20 11, 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
Yes
 
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
CHRISTOPHER J MURPHY III PRESIDENT
0
0    
100 N MICHIGAN ST
SOUTH BEND,IN46601
ANDREA SHORT VICE PRESIDENT
0
0    
100 N MICHIGAN ST
SOUTH BEND,IN46601
KEVIN MURPHY TREASURER
0
0    
100 N MICHIGAN ST
SOUTH BEND,IN46601
John Affleck-Graves Board Member
0
2,500    
906 Pine Valley ln
Cincinnati,OH45245
Isaac Torres Board Member
0
5,000    
17675 Saint Patricks Ct
Granger,IN46530
Todd Schurz Board Member
0
5,000    
2707 McCullough StAusti
Austin,TX78703
Ron Zeltwanger Board Member
0
0    
100 N Michigan St
South Bend,IN46601
1st Source Bank AGENT
0
172,735    
100 N MICHIGAN ST
SOUTH BEND,IN46601
Ann Rathburn-Lacopo Secretary
0
0    
100 N Michigan St
South Bend,IN46601
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.........................  
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
51,589,407
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
51,589,407
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
51,589,407
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
773,841
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
50,815,566
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
2,540,778
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
2,540,778
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
36,487
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
36,487
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,504,291
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,504,291
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
2,504,291
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
2,209,262
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
2,209,262
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 2,504,291
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...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 11,630
e From 2024...... 0
f Total of lines 3a through e ........ 11,630
4Qualifying distributions for 2025 from Part
XI, line 4: $ 2,209,262
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..... 2,209,262
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 11,630 11,630
(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 ..........
283,399
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 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

Project Impact South Bend IN

ATTN MLK BREAKFAST
South Bend,IN46628
NONE   SUPPORT 3,000

South Bend Community Tennis Association

125 S CONESTOGA LANE
South Bend,IN46617
NONE   SUPPORT 12,500

Indiana University Alumni Association

1000 E 17TH STREET
Bloomington,IN47408
NONE   SUPPORT 9,000

Sarasota Opera Association Inc

61 N PINEAPPLE AVENUE
Sarasota,FL34236
NONE   SUPPORT 25,000

PBS Fort Wayne

2501 EAST COLISEUM BLVD
Fort Wayne,IN46805
NONE   SUPPORT 17,000

United Way of Marshall County

PO BOX 392
Plymouth,IN46563
NONE   SUPPORT 2,385

Porter County Agricultural Society

217 EAST DIVISION ROAD
Valparaiso,IN46383
NONE   SUPPORT 50,000

Plymouth High School Athletics

1 BIG RED ARROW DRIVE
Plymouth,IN46563
NONE   SUPPORT 10,000

Community Foundation of St Joe County

ATTN ROSE MEISSNER
South Bend,IN46624
NONE   SUPPORT 138,825

MARSHALL COUNTY EDC

2864 MILLER DRIVE
PLYMOUTH,IN46563
NONE   SUPPORT 10,000

Neuro Challenge

722 APEX ROAD SUITE A
Sarasota,FL34240
NONE   RESOURCE GUIDES 7,500

100 Black Men of Greater South Bend

2043 SOUTH BEND AVENUE
South Bend,IN46637
NONE   SUPPORT 10,000

Girls on the Run Michiana

51160 BITTERSWEET ROAD NO 7
Granger,IN46530
NONE   SUPPORT 5,000

The Tippecanoe County Horse & Pony Club

1950 S 18TH STREET
Lafayette,IN47905
NONE   SUPPORT 13,850

The Center for Hospice and Palliative
Care Inc
501 COMFORT PLACE
Mishawaka,IN465455234
NONE   HELPING HANDS AWARD DINNER 10,000

The Caring Place

607 BULLSEYE LAKE ROAD
Valparaiso,IN46383
NONE   SUPPORT 25,000

United Way of Wells County

122 LAMAR STREET
Bluffton,IN46714
NONE   SUPPORT 135

Marshall County Blueberry Festival

PO BOX 639
Plymouth,IN46563
NONE   FESTIVAL 5,000

St Joseph County Public Library
Foundation Inc
304 SOUTH MAIN STREET
South Bend,IN46601
NONE   SUPPORT 25,000

Crime Stoppers Inc

123 S CENTER ST
Breman,IN46506
NONE   SUPPORT 1,000

Heartland Art Center

214 N MICHIGAN ST
Plymouth,IN46563
NONE   SUPPORT 50,000

Habitat for Humanity

OF ST JOSEPH COUNTY
Mishawaka,IN46545
NONE   SUPPORT 30,000

United Way of Laporte County

422 FRANKLIN ST
Michigan City,IN46360
NONE   SUPPORT 7,655

United Way of Allen County

347 W BERRY STREET
Fort Wayne,IN46802
NONE   SUPPORT 4,260

LaSalle Council Boy Scouts

1340 S BEND AVE
SOUTH BEND,IN46617
NONE   SUPPORT 5,000

Grace College

FINANCIAL AID OFFICE
Winona Lake,IN46590
NONE   SUPPORT 83,334

MARIAN UNIVERSITY

3200 COLD SPRING ROAD
INDIANAPOLIS,IN46222
NONE   SUPPORT 31,250

Place To Be Me

712 N NILES AVE
South Bend,IN46617
NONE   SUPPORT 5,000

United Way of Greater Lafayette

1114 EAST STATE STREET
Lafayette,IN47905
NONE   SUPPORT 675

Junior Achievement of Northern Indiana

550 E WALLEN RD
Fort Wayne,IN46825
NONE   CHARITABLE CONTRIBUTION 100,000

Bashor Children's Home

SEAN MCCRINDLE
Goshen,IN46527
NONE   SUPPORT 50,000

Crossroads United Way Inc

PO BOX 3048
Elkhart,IN46515
NONE   SUPPORT 5,820

Logan Resource Center

2505 EAST JEFFERSON BOULEVARD
South Bend,IN46615
NONE   SUPPORT 2,500

ARTS UNITED OF GREATER FORT WAYNE

300 EAST MAIN STREET
FORT WAYNE,IN46802
NONE   SUPPORT 5,000

The Stanley Clark School

3123 MIAMI STREET
South Bend,IN46614
NONE   KALEIDOSCOPE DINNER & 5,000

United Way of Whitley & Kosciusko Co

119 E CENTER ST
Warsaw,IN46580
NONE   SUPPORT 765

Fort Wayne Rescue Mission Ministries

404 E WASHINGTON BLVD
Fort Wayne,IN46802
NONE   GENERAL SUPPORT 10,000

ADEC

19670 STATE ROAD 120
Bristol,IN46507
NONE   SCHOOL PROGRAM 25,000

United Way of St Joseph County

3517 E JEFFERSON BLVD
South Bend,IN46615
NONE   SUPPORT 49,000

United Way of Dekalb County

PO BOX 307
Auburn,IN46706
NONE   SUPPORT 45

Pathfinder Services

ATTN MICHELLE BANKS
Huntington,IN46750
NONE   SUPPORT 8,000

The History Museum

808 W WASHINGTON
South Bend,IN46601
NONE   SUPPORT 111,000

United Way of Huntington County

PO BOX 347
Huntington,IN46750
NONE   SUPPORT 135

Porter County Public Library System

103 JEFFERSON ST
Valparaiso,IN46383
NONE   SUPPORT 25,000

Michiana Public Broadcasting Corp

300 W JEFFERSON BLVD
South Bend,IN466347034
NONE   SUPPORT 200,000

Real Services Inc

1151 S MICHIGAN STREET
South Bend,IN46634
NONE   CATERING FOOD TRUCK 2,500

Potawatomi Zoo

500 S GREENLAWN AVE
South Bend,IN46601
NONE   SUPPORT 33,334

Medical Education Foundation
North Central IN MED ED FDN
PO BOX 1602
South Bend,IN46634
NONE   SUPPORT 5,000

Boys & Girls Clubs of the Northern
Indiana Corridor
ATTN DUANE WILSON CEO
South Bend,IN46601
NONE   SUPPORT 3,500

Beacon Health Foundation Inc

615 N MICHIGAN STREET
South Bend,IN46601
NONE   GENERAL SUPPORT 45,000

Lacasa

202 N COTTAGE AVENUE
Goshen,IN46528
NONE   SUPPORT 10,000

Studebaker National Museum

201 SOUTH CHAPIN STREET
South Bend,IN46601
NONE   HALL OF CHAMPIONS DINNER 5,000

Fort Wayne Children's Choir

2101 E COLISEUM BLVD
Fort Wayne,IN46805
NONE   SUPPORT 7,500

Fischoff Nat'l Chamber Music Assn

HAGGAR HALL 119
NOTRE DAME,IN46556
NONE   SUPPORT 3,500

South Bend Alumni Association

737 BEALE STREET
South Bend,IN466161804
NONE   SUPPORT 5,000

Habitat for Humanity of Greater Fort
Wayne
2085 HUMPHREY ST
Fort Wayne,IN46803
NONE   SUPPORT 15,000

Center for The Homeless

813 SOUTH MICHIGAN STREET
South Bend,IN466013102
NONE   SUPPORT 21,750

Marshall County Community Foundation

PO BOX 719
Plymouth,IN46563
NONE   SUPPORT 5,000

Erin's House For Grieving Children

5670 YMCA PARK DRIVE WEST
Fort Wayne,IN46835
NONE   CHILDREN 33,000

South Bend-Elkhart Regional FDN Inc

635 S LAFAYETTE BLVD SUITE 123
South Bend,IN46601
NONE   SUPPORT 100,000

Lafayette Urban Enterprise Association

515 COLUMBIA STREET
Lafayette,IN47901
NONE   SUPPORT 25,000

Northern Indiana Community Foundation

PO BOX 807
Rochester,IN46975
NONE   SUPPORT 28,000

St Margaret's House

117 NORTH LAFAYETTE BOULEVARD
South Bend,IN46601
NONE   SUPPORT 50,000

Rebuilding Together

803 LINCOLNWAY WEST
South Bend,IN46616
NONE   CHRISTMAS IN APRIL 5,000

Hilltop Neighborhood House

460 COLLEGE AVENUE
Valparaiso,IN46383
NONE   SUPPORT 10,000

Boys & Girls Club of LaPorte County

1421 SOUTH WOODLAND AVENUE
Michigan City,IN46360
NONE   SUPPORT 35,000

Porter County Community Foundation

1401 CALUMET AVE
Valparaiso,IN46383
NONE   SUPPORT 17,500

Healthlinc

2401 VALLEY DR
Valparaiso,IN46383
NONE   SUPPORT 50,000

United Way of Northwest Indiana

951 EASTPORT CENTRE DRIVE
Valparaiso,IN46383
NONE   SUPPORT 3,915

South Bend Symphony Orchestra

127 N MICHIGAN STREET
South Bend,IN46601
NONE   SUPPORT 5,000

Oaklawn Fdtn for Mental Health Inc

330 LAKEVIEW DRIVE
Goshen,IN46527
NONE   MENTAL HEALTH PROGRAM 28,000

Fort Wayne Zoo

3411 SHERMAN BLVD
Fort Wayne,IN46808
NONE   SUPPORT 7,500

United Way of Fulton County

PO BOX 583
Rochester,IN46975
NONE   SUPPORT 720

YMCA of Greater Michiana

905 N FRONT ST
Niles,MI49120
NONE   SUPPORT 2,500

United Way of Southwest Michigan

2015 LAKEVIEW AVE
St Joseph,MI49085
NONE   SUPPORT 5,580

United Way of South Central Michigan

709 S WESTNEDGE AVENUE
Kalamazoo,MI49007
NONE   SUPPORT 495

SOUTHWESTERN MICHIGAN COLLEGE
ATTN SUSAN B COULSTON
58900 CHERRY GROVE RD
DOWAGIAC,MI49047
NONE   CHARITABLE CONTRIBUTION 80,000

Soup Kitchen Inc

PO BOX 8210
Benton Harbor,MI49023
NONE   SUPPORT 24,500

Lake Michigan College Foundation

C/O DOUG SCHAFFER
Benton Harbor,MI49022
NONE   SUPPORT 33,334

Lakeshore Excellence Foundation

5771 CLEVELAND AVENUE
Stevensville,MI49127
NONE   SUPPORT 10,000

LaPorte County 4-H Council

2857 W STATE ROAD 2 STE A
LaPorte,IN46350
NONE   SUPPORT 30,000

BRIDGE OF GRACE MINISTRIES

5100 GAYWOOD DRIVE
FORT WAYNE,IN46806
NONE   SUPPORT 25,000

Downtown South Bend Foundation

217 S MICHIGAN STREET
South Bend,IN46601
NONE   SUPPORT 10,000

SCORE Manasota

2801 FRUITVILLE RD SUITE 280
Sarasota,FL34237
NONE   SUPPORT 5,000

Northeast Indiana Foundation Inc

200 EAST MAIN STREET STE 910
Fort Wayne,IN46802
NONE   SUPPORT 15,000

Homeward Bound Villages

PO BOX 9214
Michigan City,IN46361
NONE   SUPPORT 15,000

Live Well Kosciusko

1515 PROVIDENT DRIVE
Warsaw,IN46580
NONE   SUPPORT 10,000

MENTAL HEALTH AWARENESS OF MICHIANA

PO BOX 692
SOUTH BEND,IN46624
NONE   SUPPORT 5,000

100 Black Women Inc South Bend

PO BOX 1478
South Bend,IN46624
NONE   SUPPORT 2,500

Mishawaka Parks & Recreation Foundation

904 N MAIN ST
Mishawaka,IN46545
NONE   SUPPORT 75,000

Dresses for School INC

PO BOX 2381
Valparaiso,IN46384
NONE   SUPPORT 10,000

Dustin's Place

PO BOX 94
Plymouth,IN46563
NONE   SUPPORT 15,000

Greater Impact

1101 KING STREET
South Bend,IN46616
NONE   SUPPORT 20,000

CDFI Friendly

SOUTH BEND REGION
South Bend,IN46614
NONE   SUPPORT 15,000

Friends of the Raclin Murphy Museum

UNIVERSITY OF NOTRE DAME
Notre Dame,IN46556
NONE   SUPPORT 5,000

Ethos Inc

1025 N MICHIGAN STREET
Elkhart,IN46514
NONE   SUPPORT 40,000
Total ................................. 3a 2,209,262
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 1,113,443  
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 1,686,621  
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) ..   2,800,064  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,800,064
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
 
Employer identification number

35-6034211
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
 
Employer identification number
35-6034211
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
1
1st Source Bank
 
100 N Michigan St
 
South Bend, IN46601

$ 1,000,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
 
Employer identification number

35-6034211
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
 
Employer identification number

35-6034211
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 2,350 2,350    

TY 2025 InvestmentsCorpBondsSchedule
Name:
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Name of Bond End of Year Book Value End of Year Fair Market Value
SOUTH DAKOTA ST BLD 2.491% 6/1 253,171 245,915
AMAZON COM INC 4.650% 12/1/29 200,944 205,294
BALTIMORE GAS & ELEC 2.4% 8/15 202,097 198,138
BANK OF AMERICA MTN 4.450% 3/3 199,425 200,145
BIOGEN INC 2.25% 5/1/30 101,862 91,863
CME GROUP INC 3.0% 3/15/25    
FREDDIE MAC POOL #SB8156 3.0% 117,780 112,799
FREDDIE MAC REMICS FHR 3745 VE 24,941 24,756
FANNIE MAE POOL #MA4073 3.0% 6 45,157 41,110
INTERCONTINENTAL EXC 3.750% 9/ 262,750 248,580
JPMORGAN CHASE & CO 3.9% 7/15/    
JPMORGAN CHASE & CO 3.625% 152,859 149,257
MASTERCARD INC 3.5% 2/26/28 193,196 199,419
NEW YORK LIFE CLOBAL 3.00% 1/1 151,900 147,294
PNC BANK NA 4.2% 11/1/25    
STATE STREET CORP 2.2% 3/3/31 152,010 135,096
US TREASURY NOTES 2.0% 11/15/2 271,091 271,367
US TREASURY NOTES 2.25% 11/15/ 268,680 268,898
UNILEVER CAPITAL 1.375% 9/14/3 124,901 133,346
BLACKROCK STRAT INC OPP-INST    
DODGE & COX INCOME FUND 2,186,097 2,171,152
LORD ABBETT SHRT DUR INC-I 1,397,225 1,296,667
PIMCO REAL RETURN FUND-INST 400,279 342,140
VANGUARD S/T INVEST GR-ADM    
DUKE ENERGY FLORIDA 2.4% 12/15 173,533 180,840
GOVERNMENT NATIONAL MORTGAGE A 18,307 18,717
JOHN DEERE CAP MTN 5.150% 9/8/ 200,604 210,018
ORACLE CORP 4.65% 5/6/30 194,870 198,431
OWENS CORNING 3.95% 8/15/29 190,087 198,516
THERMO FISHER SCIENT 4.95% 197,863 206,962
MISSISSIPPI ST HOME 5.508% 197,364 189,322
FT VEST U.S. EQUITY DEEP - AUG    
MANNING & NAPIER 637,237 628,194
UNITED PARCEL SERVICE 5.15% 257,777 260,070
US TREASURY NOTES 4.625% 252,199 257,070
FREDDIE MAC REMICS FMR 5607 CT 241,617 242,008
GOVERNMENT NATIONAL MORTGAGE A 240,834 241,536
LOOMIS SAYLES INVESTMENT GRADE 540,000 540,000
VOYA STRAGETIC INCOME OPPORTUN 700,000 713,636

TY 2025 InvestmentsCorpStockSchedule
Name:
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Name of Stock End of Year Book Value End of Year Fair Market Value
HORIZON BANCORP INC/IN 20,938 610,560
JOHNSON & JOHNSON 128,243 465,638
LAKELAND FINL CORP 25,962 530,658
MCDONALDS CORP 85,918 290,349
METLIFE INC 62,857 348,204
MICROSOFT CORP 29,670 483,620
FIRST TRUST ALT OPP FUND-1 326,148 335,632
FT CBOE VEST US DEEP BUFF SEPT 842,377 852,363
ISHARES BIOTECHNOLOGY ETF 238,853 354,417
ISHARES CORE S&P SMALL-CAP ETF 611,751 791,986
ISHARES MSCI EAFE ETF 796,364 1,409,528
ISHARES RUSSELL 1000 GROWTH E 3,299,972 12,268,883
ISHARES RUSSELL 1000 VALUE ETF 6,565,030 10,730,916
MFS INTERNATIONAL GROWTH-R6 1,534,065 2,211,392
REAL ESTATE SELECT SECT SPDR 300,783 279,666
SPDR S&P DIVIDEND ETF    
VANGUARD STRATEGIC SMALL-CAP E 1,281,638 1,392,013
VERSUS CAP RL EST    
AB LARGE CAP GROWTH-ADV    
ISHARES MSCI EMR MRK EX CHNA 1,704,513 2,312,678
CAUSEWAY INTERNATIONAL VALUE F 1,011,067 1,205,352
CLIFFWATER CORPORATE LENDING F 300,000 290,745
SPDR S&P 500 ETF TRUST 2,528,837 2,533,333
NUVEEN LARGE CAP VALUE FUND 1,497,124 1,460,493
HARRISON STREET REAL ASSETS FU 416,700 447,515

TY 2025 InvestmentsGovtObligationsSch
Name:
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
US Government Securities - End of Year Book Value:

454,716
US Government Securities - End of Year Fair Market Value:

454,716
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2025 OtherAssetsSchedule
Name:
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
LAPORTE COMM DEVPMT PTRSHP LLC 4 0 0
NOTRE DAME PIT 336,713 393,222 393,222
COMMUNITY BUSINESS CREDIT 20,000 20,000 20,000
1842 FUND I LP 71,352 110,902 110,902
GENERATIONS COMMUNITY BANK   1,197,600 1,197,600


TY 2025 OtherDecreasesSchedule
Name:
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Description Amount
TIMING DUE TO AROUNDING 13,136


TY 2025 OtherExpensesSchedule
Name:
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES 34,109 0   0


TY 2025 TaxesSchedule
Name:
1ST SOURCE BANK FOUNDATION INC XXX-XX-XXXX
EIN:
35-6034211
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENT - PRIOR YE 35,000 0   0
FOREIGN TAXES ON QUALIFIED FOR 11,270 0   0
FOREIGN TAXES ON NONQUALIFIED 11,024 0   0