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
EMIL EWALD FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 147
  Room/suite
City or town
OCONOMOWOC
State or province
WI
Country  
ZIP or foreign postal code
530660147
A Employer identification number

39-1687505
B Telephone number (see instructions)

2623379652
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)$25,985,325J 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) 4,000,000
2 Check .................
3 Interest on savings and temporary cash investments 263 263  
4 Dividends and interest from securities... 737,815 714,521  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,095,282
b Gross sales price for all assets on line 6a 10,415,495
7 Capital gain net income (from Part IV, line 2)... 1,095,282
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 5,833,360 1,810,066  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,700 2,850   2,850
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
76,503 76,503   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
24,876 4,709   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,087 1,087   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 108,166 85,149   2,850
25 Contributions, gifts, grants paid....... 672,000 672,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 780,166 85,149   674,850
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,053,194
b Net investment income (if negative, enter -0-) 1,724,917
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 116,258 533,209 533,209
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 303,982 Click to see attachment
List of Attached Documents:
// Content
327,408 		330,104
b Investments—corporate stock (attach schedule)....... 10,186,045 Click to see attachment
List of Attached Documents:
// Content
13,879,878 		17,383,905
c Investments—corporate bonds (attach schedule)....... 6,685,933 Click to see attachment
List of Attached Documents:
// Content
7,582,369 		7,738,107
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,292,218 22,322,864 25,985,325
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 16,725,424 20,725,424
28 Retained earnings, accumulated income, endowment, or other funds 566,794 1,597,440
29 Total net assets or fund balances (see instructions)..... 17,292,218 22,322,864
30 Total liabilities and net assets/fund balances (see instructions). 17,292,218 22,322,864
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
17,292,218
2
Enter amount from Part I, line 27a .....................
2
5,053,194
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
10,000
4
Add lines 1, 2, and 3 ..........................
4
22,355,412
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
32,548
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
22,322,864
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 PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
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 10,307,327   9,320,213 987,114
b 108,168     108,168
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       987,114
b       108,168
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 1,095,282
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 23,976
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 23,976
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 23,976
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 12,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 11,976
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
WI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofDANIEL T EWALD Telephone no. (262) 337-9652

Located at2700 GOLF ROADDELAFIELDWI ZIP+453018
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CRAIG A EWALD PRESIDENT, DIRECTOR
0.10 		0 0 0
PO BOX 147
OCONOMOWOC,WI530660147
BRIAN J EWALD VP, DIRECTOR
0.10 		0 0 0
PO BOX 147
OCONOMOWOC,WI530660147
DANIEL T EWALD TREASURER, DIRECTOR
0.10 		0 0 0
PO BOX 147
OCONOMOWOC,WI530660147
THOMAS E EWALD SECRETARY, DIRECTOR
0.10 		0 0 0
PO BOX 147
OCONOMOWOC,WI530660147
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
ANNEX ADVISORY SERVICES LLC INVESTMENT MANAGEMENT 76,503
17950 W CORPORATE DR SUITE 300
BROOKFIELD,WI53045
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
23,663,811
b
Average of monthly cash balances.......................
1b
934,267
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
24,598,078
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
24,598,078
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
368,971
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
24,229,107
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,211,455
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,211,455
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
23,976
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
23,976
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,187,479
4
Recoveries of amounts treated as qualifying distributions................
4
10,000
5
Add lines 3 and 4............................
5
1,197,479
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,197,479
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
674,850
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
674,850
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 1,197,479
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 669,089
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 674,850
a Applied to 2024, but not more than line 2a 669,089
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 5,761
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		1,191,718
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or 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

ALANO CLUB OF WAUKESHA

318 N BROADWAY
WAUKESHA,WI53186 		N/A   GENERAL FUND 5,000

AMERICAN LEGION OF WISCONSIN

PO BOX 388
PORTAGE,WI53901 		N/A   LOCAL POSTS - SUPPORT FOR VETERANS, MILITARY PERSONNEL, FAMILIES AND COMMUNITIES 26,000

BADGER BOYS STATE

PO BOX 388
PORTAGE,WI53901 		N/A   GENERAL FUND 1,000

BOY SCOUTS OF AMERICA-POTOWATOMI AREA COUNCIL

804 BLUEMOUND ROAD
WAUKESHA,WI53188 		N/A   PURCHASE BOAT & MOTOR 12,000

BOYS & GIRLS CLUB OF GREATER MILWAUKEE

1558 N 6TH STREET
MILWAUKEE,WI53212 		N/A   GENERAL FUND 2,000

BOYS & GIRLS CLUB OF WASHINGTON COUNTY

925 N SILVERBROOK DRIVE
WEST BEND,WI53090 		N/A   GENERAL FUND 2,000

BRAVE PROGRAM

10200 INNOVATION DRIVE
WAUWATOSA,WI53226 		N/A   GENERAL FUND 2,000

BROOKFIELD CENTRAL HS BOOSTER CLUB

16900 GEBHARDT ROAD
BROOKFIELD,WI53005 		N/A   GENERAL FUND 2,000

BROOKFIELD EAST HS BOOSTER CLUB

3305 LILY ROAD
BROOKFIELD,WI53005 		N/A   GENERAL FUND 2,000

CAPUCHIN COMMUNITY SERVICES

PO BOX 412
MILWAUKEE,WI53201 		N/A   GENERAL FUND 3,000

CENTER FOR DEAF BLIND PERSON

8306 W LLINCOLN AVENUE
WEST ALLIS,WI53219 		N/A   GENERAL FUND 5,000

CENTER FOR VETERANS ISSUES

3400 W WISCONSIN AVENUE
MILWAUKEE,WI53208 		N/A   GENERAL FUND 1,000

CHILDRENS' DYSLEXIA CENTER-EAU CLAIRE

616 GRAHAM AVENUE
EAU CLAIRE,WI54701 		N/A   GENERAL FUND 5,000

CHILDRENS' DYSLEXIA CENTER-MADISON

301 WISCONSIN AVENUE
MADISON,WI53703 		N/A   GENERAL FUND 5,000

CHILDRENS' DYSLEXIA CENTER-MILWAUKEE

517 E BEAUMONT AVENUE
WHITEFISH BAY,WI53217 		N/A   GENERAL FUND 5,000

CHOSEN INC

400 TRAVIS LANE 400
WAUKESHA,WI53189 		N/A   GENERAL FUND 1,000

CUDAHY HS BOOSTER CLUB

4950 S LAKE DRIVE
CUDAHY,WI53110 		N/A   GENERAL FUND 2,000

CUDAHY HS

4950 S LAKE DRIVE
CUDAHY,WI53110 		N/A   SCHOLARSHIPS 5,000

DIVINE REDEEMER LUTHERAN CHURCH

31385 HILL ROAD
HARTLAND,WI53029 		N/A   GENERAL FUND 10,000

ELMBROOK EDUCATION FOUNDATION

3555 N CALHOUN ROAD
BROOKFIELD,WI53005 		N/A   SCHOLARSHIPS 10,000

ERAS SENIOR NETWORK

2607 N GRANDVIEW BLVD
WAUKESHA,WI53188 		N/A   GENERAL FUND 2,000

ERINS LAW FOUNDATION

847 S RANDALL ROAD
ELGIN,IL60123 		N/A   GENERAL FUND 5,000

FAMILY PROMISE OF WAUKESHA CO

PO BOX 66
WAUKESHA,WI53187 		N/A   GENERAL FUND 10,000

FRANKLIN HS BOOSTER CLUB

8222 S 51ST STREET
FRANKLIN,WI53132 		N/A   GENERAL FUND 2,000

FRANKLIN HS

8222 S 51ST STREET
FRANKLIN,WI53132 		N/A   SCHOLARSHIPS 5,000

FULL SHELF FOOD PANTRY

231 MUNICIPAL DRIVE
WEST BEND,WI53095 		N/A   FOOD PANTRY 3,000

GEIST CHRISTIAN CHURCH

12756 PROMISE ROAD
FISCHERS,IN46038 		N/A   GENERAL FUND 10,000

GERMANTOWN HS

W240 N11940 GOLDENEYE ROAD
GERMANTOWN,WI53022 		N/A   SCHOLARSHIPS 5,000

GERMANTOWN HS BOOSTER CLUB

W240 N11940 GOLDENEYE ROAD
GERMANTOWN,WI53022 		N/A   GENERAL FUND 2,000

GREAT LAKES ADULT & TEEN CHALLENGE

PO BOX 250771
MILWAUKEE,WI53225 		N/A   GENERAL FUND 2,000

GREENDALE HS BOOSTER CLUB

6801 SOUTHWAY
GREENDALE,WI53129 		N/A   GENERAL FUND 2,000

GREENDALE HS

6801 SOUTHWAY
GREENDALE,WI53129 		N/A   SCHOLARSHIPS 5,000

GREENFIELD HS BOOSTER CLUB

4800 S 60TH STREET
GREENFIELD,WI53220 		N/A   GENERAL FUND 2,000

GREENFIELD HS

4800 S 60TH STREET
GREENFIELD,WI53220 		N/A   SCHOLARSHIPS 5,000

ST ALPHONSIS CHURCH - GREENDALE FOOD PANTRY

5980 W LOOMIS ROAD
GREENDALE,WI53129 		N/A   FOOD PANTRY 3,000

GUEST HOUSE MILWAUKEE

1216 N 13TH STREET
MILWAUKEE,WI53205 		N/A   GENERAL FUND 2,000

HARTFORD FOOD PANTRY

24 N JOHNSON STREET
HARTFORD,WI53027 		N/A   FOOD PANTRY 3,000

HARTFORD UNION HS

805 CEDAR STREET
HARTFORD,WI53027 		N/A   SCHOLARSHIPS 5,000

HARTFORD UNION HS BOOSTER CLUB

805 CEDAR STREET
HARTFORD,WI53027 		N/A   GENERAL FUND 2,000

HARTLAND AREA FOOD PANTRY

555 S INDUSTRIAL DRIVE
HARTLAND,WI53029 		N/A   FOOD PANTRY 3,000

HARTLAND ARROWHEAD HS

700 NORTH AVENUE
HARTLAND,WI53029 		N/A   SCHOLARSHIPS 5,000

HARTLAND ARROWHEAD HS BOOSTER CLUB

700 NORTH AVENUE
HARTLAND,WI53029 		N/A   GENERAL FUND 2,000

HARTLAND COMMUNITY BAND

W312 S6375 WILLOW SPRINGS DR
MUKWONAGO,WI53149 		N/A   GENERAL FUND 1,000

HEAD FOR THE CURE FOUNDATION

3238 GILLHAM ROAD
KANSAS CITY,MO64109 		N/A   GENERAL FUND 2,000

HOLY FAMILY CATHOLIC CHURCH

4825 N WILDWOOD AVENUE
WHITEFISH BAY,WI53217 		N/A   GENERAL FUND 10,000

HOPE CENTER

502 N EAST AVENUE
WAUKESHA,WI53186 		N/A   GENERAL FUND 2,000

HOPE CHURCH OF WISCONSIN

2431 N DOUSMAN ROAD
OCONOMOWOC,WI53066 		N/A   GENERAL FUND 10,000

HUMANE ANIMAL WELFARE SOCIETY OF WAUKESHA CO

PO BOX 834
WAUKESHA,WI53187 		N/A   PET ADOPTION 5,000

INTERNATIONAL COOPERATING MINISTRIES

99 OLD OYSTER ROAD
NEWPORT NEWS,VA23602 		N/A   BUILD CHURCHES 85,000

IXONIA FOOD PANTRY

N8346 NORTH STREET
IXONIA,WI53036 		N/A   FOOD PANTRY 3,000

JOURNEY 21

1671 OLD SCHOOL HOUSE ROAD
OCONOMOWOC,WI53066 		N/A   VAN PURCHASE 10,000

JUNIOR ACHIEVEMENT

11111 W LIBERY DRIVE
MILWAUKEE,WI53224 		N/A   GENERAL FUND 2,000

KATY'S KLOSET

404 WILMONT DRIVE
WAUKESHA,WI53188 		N/A   GENERAL FUND 1,000

KETTLE MORAINE HS BOOSTER CLUB

349 N OAK CREST DRIVE
WALES,WI53183 		N/A   GENERAL FUND 2,000

KETTLE MORIAINE HS

349 N OAK CREST DRIVE
WALES,WI53183 		N/A   SCHOLARSHIPS 5,000

LA CASA DE ESPERANZA INC

410 ARCADIAN AVENUE
WAUKESHA,WI53186 		N/A   GENERAL FUND 2,000

LAKE AREA CLUB

N60 W35878 LAKE DRIVE
OCONOMOWOC,WI53066 		N/A   GENERAL FUND 2,000

LAKE AREA FREE CLINIC

856 B ARMOUR ROAD
OCONOMOWOC,WI53066 		N/A   GENERAL FUND 10,000

LAKE COUNTRY CARING

PO BOX 591
HARTLAND,WI53029 		N/A   GENERAL FUND 1,000

LAKE COUNTRY LUTHERAN HS

401 CAMPUS DRIVE
HARTLAND,WI53029 		N/A   SCHOLARSHIPS 5,000

LAKE COUNTRY LUTHERAN HS BOOSTER CLUB

401 CAMPUS DRIVE
HARTLAND,WI53029 		N/A   GENERAL FUND 2,000

LIFE'S CONNECTION

801 ROCHESTER STREET
MUKWONAGO,WI53149 		N/A   GENERAL FUND 2,000

LIFESTRIDERS INC

S11 W29667 US HWY 18
WAUKESHA,WI53188 		N/A   GENERAL FUND 1,000

LIGHTHOUSE YOUTH SERVICES

5641 N 68TH STREET
MILWAUKEE,WI53218 		N/A   GENERAL FUND 5,000

LIONS EYE BANK WISCONSIN

5003 TRADEWINDS PARKWAY
MADISON,WI53718 		N/A   GENERAL FUND 1,000

MARTIN LUTHER HS BOOSTER CLUB

5201 S 76TH STREET
GREENDALE,WI53129 		N/A   GENERAL FUND 2,000

MARTIN LUTHER HS

5201 S 76TH STREET
GREENDALE,WI53129 		N/A   SCHOLARSHIPS 5,000

MENOMONEE FALLS AREA FOOD PANTRY

N85 W15832 MENOMONEE RIVER PKWAY
MENOMONEE FALLS,WI53051 		N/A   FOOD PANTRY 3,000

MENOMONEE FALLS HS BOOSTER CLUB

N80 W14350 TITAN DRIVE
MENOMONEE FALLS,WI53051 		N/A   GENERAL FUND 2,000

MENOMONEE FALLS HS

N80 W14350 TITAN DRIVE
MENOMONEE FALLS,WI53051 		N/A   SCHOLARSHIPS 5,000

MILWAUKEE COMMUNITY SERVICE CENTER

9600 W FLAGG AVENUE
MILWAUKEE,WI53225 		N/A   TRAINING 5,000

MILWAUKEE FILM

1037 W MCKINLEY AVENUE
MILWAUKEE,WI53205 		N/A   GENERAL FUND 1,000

MILWAUKEE LUTHERAN HS BOOSTER CLUB

9700 W GRANTOSA DRIVE
MILWAUKEE,WI53222 		N/A   GENERAL FUND 2,000

MILWAUKEE LUTHERAN HS

9700 W GRANTOSA DRIVE
MILWAUKEE,WI53222 		N/A   SCHOLARSHIPS 5,000

MILWAUKEE RESCUE MISSION

830 N 19TH STREET
MILWAUKEE,WI53233 		N/A   GENERAL FUND 5,000

MPTV FRIENDS

1036 N EIGHTH STREET
MILWAUKEE,WI53233 		N/A   GENERAL FUND 1,000

MUKWONAGO FOOD PSNTRY

325 EAGLE LAKE AVENUE
MUKWONAGO,WI53149 		N/A   FOOD PANTRY 3,000

NEW BERLIN EISENHOWER HS

4333 S SUNNYSLOPE ROAD
NEW BERLIN,WI53151 		N/A   SCHOLARSHIPS 5,000

NEW BERLIN EISENHOWER HS BOOSTER CLUB

4333 S SUNNYSLOPE ROAD
NEW BERLIN,WI53151 		N/A   GENERAL FUND 2,000

NEW BERLIN WEST HS

18695 W CLEVELAND AVENUE
NEW BERLIN,WI53146 		N/A   SCHOLARSHIPS 5,000

NEW BERLIN WEST HS BOOSTER CLUB

18695 W CLEVELAND AVENUE
NEW BERLIN,WI53146 		N/A   GENERAL FUND 2,000

NEW BERLIN FOOD PANTRY

14750 W CLEVELAND AVENUE
NEW BERLIN,WI53151 		N/A   FOOD PANTRY 3,000

NORTH LAKE FOOD PANTRY

W314 N7462 HIGHWAY 83
NORTH LAKE,WI53064 		N/A   FOOD PANTRY 3,000

NORTH POINT CHURCH

400 W CAPITAL DRIVE
HARTLAND,WI53029 		N/A   GENERAL FUND 10,000

OCONOMOWOC AREA HISTORICAL SOCIETY

103 W JEFFERSON STREET
OCONOMOWOC,WI53066 		N/A   CAPITAL INVESTMENT CAMPAIGN 10,000

OCONOMOWOC AREA SENIOR CENTER

210 S MAIN STREET
OCONOMOWOC,WI53066 		N/A   GENERAL FUND 1,000

OCONOMOWOC FOOD PANTRY

N5848 BROWN STREET
OCONOMOWOC,WI53066 		N/A   FOOD PANTRY 3,000

OCONOMOWOC HS

641 E FOREST STREET
OCONOMOWOC,WI53066 		N/A   SCHOLARSHIPS 5,000

OCONOMOWOC HS BOOSTER CLUB

641 E FOREST STREET
OCONOMOWOC,WI53066 		N/A   GENERAL FUND 2,000

PEWAUKEE FOOD PANTRY

642 MAIN STREET
PEWAUKEE,WI53072 		N/A   FOOD PANTRY 3,000

PEWAUKEE HS

510 LAKE STREET
PEWAUKEE,WI53072 		N/A   SCHOLARSHIPS 5,000

PEWAUKEE HS BOOSTER CLUB

510 LAKE STREET
PEWAUKEE,WI53072 		N/A   GENERAL FUND 2,000

PROJECT CONCERN OF CUDAHYST FRANCIS

3658 E PLANKINGTON AVENUE
CUDAHY,WI53110 		N/A   FOOD PANTRY 3,000

PROJECT CONCERN OF CUDAHYST FRANCIS

3658 E PLANKINGTON AVENUE
CUDAHY,WI53110 		N/A   FOOD PANTRY 2,000

SALVATION ARMY OF WAUKESHA COUNTY

445 MADISON STREET
WAUKESHA,WI53188 		N/A   GENERAL FUND 3,000

SHEPHERDS MINISTRY

1805 15TH AVENUE
UNION GROVE,WI53182 		N/A   GENERAL FUND 5,000

SLINGER FOOD PANTRY

321 E WASHINGTON STREET
SLINGER,WI53086 		N/A   FOOD PANTRY 3,000

SLINGER HS

209 POLK STREET
SLINGER,WI53086 		N/A   SCHOLARSHIPS 5,000

SLINGER HS BOOSTER CLUB

209 POLK STREET
SLINGER,WI53086 		N/A   GENERAL FUND 2,000

SOUTH MILWAUKEE FOOD PANTRY

1029 MILWAUKEE AVENUE
SOUTH MILWAUKEE,WI53172 		N/A   FOOD PANTRY 3,000

SPECIAL OLYMPICS OF WISCONSIN

PO BOX 7638
MADISON,WI53707 		N/A   GENERAL FUND 2,000

ST AGNES CATHOLIC CHURCH BUTLER FOOD PANTRY

12801 W FAIRMOUNT AVENUE
BUTLER,WI53007 		N/A   FOOD PANTRY 3,000

ST BONIFACE CHURCH GERMANTOWN FOOD PANTRY

W240 N11950 GOLDENEYE ROAD
GERMANTOWN,WI53022 		N/A   FOOD PANTRY 3,000

ST CHARLES CATHOLIC CHURCH

313 CIRCLE DRIVE
HARTLAND,WI53029 		N/A   GENERAL FUND 10,000

ST MARTIN OF TOURS FRANKIN FOOD PANTRY

7933 S 116TH STREET
FRANKLIN,WI53132 		N/A   FOOD PANTRY 3,000

ST MARY'S HALES CORNERS FOOD PANTRY

9520 W FOREST HOME AVENUE
HALES CORNERS,WI53130 		N/A   FOOD PANTRY 3,000

ST MATTHIAS CHURCH FOOD PANTRY-GREENFIELD

9306 W BELOIT AVENUE
MILWAUKEE,WI53227 		N/A   FOOD PANTRY 3,000

ST PAUL'S LUTHERAN CHURCH

210 E PLEASANT STREET
OCONOMOWOC,WI53066 		N/A   GENERAL FUND 10,000

ST STEPHEN CATHOLIC CHURCH - OAK CREEK FOOD PANTRY

1441 W OAKWOOD ROAD
OAK CREEK,WI53154 		N/A   FOOD PANTRY 3,000

STARS & STRIPES HONOR FLIGHT

PO BOX 867
MENOMONEE FALLS,WI53051 		N/A   GENERAL FUND 3,500

ST-OLAF'S CHURCH - RESTRICT TO A CHILDS SMILE

W653 ROOSEVELT ROAD
RUBICON,WI53078 		N/A   GENERAL FUND 2,500

STREET ANGELS

PO BOX 342435
MILWAUKEE,WI53234 		N/A   GENERAL FUND 2,000

SUPPORT THE TROOPS

6087 HIGHWAY 60
HARTFORD,WI53027 		N/A   GENERAL FUND 2,000

SUSIE Q'S RESCUE

W9990 COUNTY ROAD GG
REESEVILLE,WI53579 		N/A   ADOPTION 1,000

SUSSEX FOOD PANTRY

N63W23626 SILVER SPRING DRIVE
SUSSEX,WI53089 		N/A   FOOD PANTRY 3,000

THIRST CHURCH

W360 N7077 BROWN STREET
OCONOMOWOC,WI53066 		N/A   GENERAL FUND 10,000

THREE PILLARS SENIOR LIVING COMMUNITIES

314 E VILLAGE COURT
DOUSMAN,WI53118 		N/A   GENERAL FUND 2,000

VETS NET

6317 W GREENFIELD AVENUE
WEST ALLIS,WI53214 		N/A   GENERAL FUND 3,000

VISION FORWARD

912 N HAWLEY ROAD
MILWAUKEE,WI53219 		N/A   GENERAL FUND 5,000

WALES FOOD PANTRY

705 E TOMLIN ROAD
WALES,WI53183 		N/A   FOOD PANTRY 3,000

WATDA FOUNDATION

150 E GILMAN STREET
MADISON,WI53703 		N/A   SCHOLARSHIPS 25,000

WATERTOWN FOOD PANTRY

209 N 9TH STREET
WATERTOWN,WI53094 		N/A   FOOD PANTRY 3,000

WATERTOWN HUMANE SOCIETY

418 WATER TOWN COURT
WATERTOWN,WI53094 		N/A   PET ADOPTION 5,000

WAUKESHA FOOD PANTRY

1301 SENTRY DRIVE
WAUKESHA,WI53186 		N/A   FOOD PANTRY 3,000

WAUKESHA NORTH HS

2222 MICHIGAN AVENUE
WAUKESHA,WI53188 		N/A   SCHOLARSHIPS 5,000

WAUKESHA NORTH HS BOOSTER CLUB

2222 MICHIGAN AVENUE
WAUKESHA,WI53188 		N/A   GENERAL FUND 2,000

WAUKESHA SOUTH HS

401 E ROBERTA AVENUE
WAUKESHA,WI53186 		N/A   SCHOLARSHIPS 5,000

WAUKESHA SOUTH HS BOOSTER CLUB

401 E ROBERTA AVENUE
WAUKESHA,WI53186 		N/A   GENERAL FUND 2,000

WAUKESHA WEST HS

3301 SAYLESVILLE ROAD
WAUKESHA,WI53188 		N/A   SCHOLARSHIPS 5,000

WAUKESHA WEST HS BOOSTER CLUB

3301 SAYLESVILLE ROAD
WAUKESHA,WI53188 		N/A   GENERAL FUND 2,000

WHITNALL HS

5000 S 116TH STREET
MILWAUKEE,WI53228 		N/A   SCHOLARSHIPS 5,000

WHITNALL HS BOOSTER CLUB

5000 S 116TH STREET
MILWAUKEE,WI53228 		N/A   GENERAL FUND 2,000

WISCONSIN LUTHERAN HS

330 N GLENVIEW AVENUE
MILWAUKEE,WI53213 		N/A   SCHOLARSHIPS 5,000

WISCONSIN LUTHERAN HS BOOSTER CLUB

330 N GLENVIEW AVENUE
MILWAUKEE,WI53213 		N/A   GENERAL FUND 2,000

WI MASONIC CENTER FOUNDATION

301 WISCONSIN AVENUE
MADISON,WI53703 		N/A   GENERAL FUND 10,000

WI MASONIC FOUNDATION

PO BOX 67
DOUSMAN,WI53118 		N/A   JUMP BAGS CAMPAIGN 8,000

WILDLIFE IN NEED CENTER

W349 S1480 WATERVILLE ROAD
OCONOMOWOC,WI53066 		N/A   GENERAL FUND 5,000

WISCONSIN HUMANE SOCIETY

4500 W WISCONSIN AVENUE
MILWAUKEE,WI53208 		N/A   PET ADOPTION 5,000

WOMENS CENTER OF WAUKESHA

505 N EAST AVENUE
WAUKESHA,WI53186 		N/A   GENERAL FUND 2,000

ZACHARIAS ACRES

16575 PATRICIA LANE
BROOKFIELD,WI53005 		N/A   GENERAL FUND 5,000

ZION LUTHERAN CHURCHASHIPPUN FOOD PANTRY

N557 MAIN STREET
ASHIPPUN,WI53003 		N/A   FOOD PANTRY 3,000
Total ................................. 3a 672,000
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 263  
4 Dividends and interest from securities ....     14 737,815  
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 1,095,282  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,833,360 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,833,360
(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
EMIL EWALD FAMILY FOUNDATION INC
 
Employer identification number

39-1687505
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
EMIL EWALD FAMILY FOUNDATION INC
  		Employer identification number
39-1687505
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
EMIL EWALD RVOC TR UAD 10-19-94
 
2700 GOLF ROAD
 
DELAFIELD, WI53018

$ 4,000,000


(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
EMIL EWALD FAMILY FOUNDATION INC
  		Employer identification number

39-1687505
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
EMIL EWALD FAMILY FOUNDATION INC
  		Employer identification number

39-1687505
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:
EMIL EWALD FAMILY FOUNDATION INC
EIN:
39-1687505
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND TAX SERVICES 5,700 2,850   2,850

TY 2025 InvestmentsCorpBondsSchedule
Name:
EMIL EWALD FAMILY FOUNDATION INC
EIN:
39-1687505
Name of Bond End of Year Book Value End of Year Fair Market Value
GENERAL MOTORS 5.25% 03/01/26 350,162 350,144
ORACLE CORP 2.8% 4/1/27 215,446 225,534
STANLEY BLACK 4.25% 11/15/28 342,239 351,373
THE CAMPELL'S CO 5.2% 3/21/29 324,868 332,784
REINSURANCE GROUP 3.9% 5/15/29 245,310 246,921
ELEVANCE HEALTH 5.15% 6/15/29 181,603 179,876
BRISTOL-MYERS SQUIB 3.4% 7/26/29 282,858 294,310
PHILIP MORRIS 3.375% 8/15/29 93,139 97,490
PROLOGIS LP 2.875% 11/15/29 260,290 262,905
FRANKLIN RESOURCE 1.6% 10/30/30 206,264 221,688
THE WILLIAMS COMPANY 2.9% 3/3/32 90,549 91,295
THE CHARLES SCHWAB 2.9% 3/3/32 216,265 228,843
MORGAN STANLEY 7.25% 4/1/32 258,100 258,851
UNITED HEALTH GROUP 4.2% 5/15/32 93,817 98,636
SIMON PROPERTY GR 5.5% 3/8/33 308,047 315,997
THE ALLSTATE CORP 5.25% 3/30/33 255,296 259,820
THE ESTEE LAUDER 4.65% 5/15/33 98,061 100,539
UNION ELECTRIC CO 5.2% 4/1/34 208,510 206,016
COMCAST CORP 4.2% 8/15/34 227,805 239,108
META PLATFORMS 4.75% 8/15/34 295,375 301,924
ALCAN INC 5.75% 6/1/35 265,314 265,343
VERIZON COMMUNICATIONS 4.272% 1/15/36 90,302 93,605
THE HOME DEPOT 5.875% 12/16/36 296,457 297,315
PACIFICORP 5.75% 4/1/37 254,721 251,425
THE TRAVELERS CO 6.25% 6/15/37 300,427 306,154
EXXON MOBIL CORP 2.995% 8/16/39 246,949 240,354
ABBOTT LABORATORIES 5.3% 5/27/40 305,734 309,225
AMAZON.COM INC 2.875% 5/12/41 300,366 303,262
DES MOINES IOWA STO 2.0% 6/1/31 91,607 92,649
SOUTH ORANGE & MAPLE 2.0% 8/15/31 87,923 92,696
ROCHESTER MINN INDP 2.0% 2/1/32 270,330 274,977
LAKE COUNTY ILLINOIS WATER 2.0% 12/01/35 249,848 256,531
CAMPBELL & KENTON 2.0% 8/1/36 268,387 290,517

TY 2025 InvestmentsCorpStockSchedule
Name:
EMIL EWALD FAMILY FOUNDATION INC
EIN:
39-1687505
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBV 115,307 210,668
AEM 62,665 176,820
GOOGL 323,018 410,969
AMGN 165,791 195,731
AAPL 209,538 343,903
ASML 199,478 292,072
AZN 22,715 91,930
BAC 78,898 94,050
AVGO 186,970 368,250
BIPC 162,595 166,800
COF 226,309 252,054
CVE 109,225 101,486
CSCO 193,206 235,557
DHR 222,898 232,354
ELV 42,978 65,903
F 4,860 26,240
FCX 214,252 309,362
GS 160,733 374,454
HAL 110,538 133,557
HD 93,070 107,359
IBM 239,023 288,805
JNJ 209,522 288,488
JPM 142,083 231,354
LPLA 122,037 198,944
MRVL 325,974 313,916
META 306,548 323,444
MS 153,257 263,632
NVDA 166,389 173,445
ORCL 140,785 245,002
PBR 239,595 195,809
PM 440,099 481,842
QCOM 237,423 258,799
STX 18,156 23,133
SO 237,751 251,049
TSM 132,309 235,211
TPL 255,167 238,680
TMO 215,140 224,247
TKO 254,764 285,912
TOL 164,252 174,839
UNH 315,713 301,721
VLO 259,837 337,789
VCTR 201,791 196,651
V 179,608 236,028
WMB 200,259 270,375
APDFX 613,343 627,144
CBLDX 135,814 134,287
RSIIX 609,318 597,330
VWAHX 2,377 2,359
BDFIX 706,481 819,900
EICOX 299,578 375,226
JDVIX 739,893 893,119
RPMFX 760,462 788,019
AVEM 272,617 372,469
AVDV 263,698 405,199
OSEA 563,334 633,253
MFSI 651,124 766,000
VGT 199,313 740,966

TY 2025 InvestmentsGovtObligationsSch
Name:
EMIL EWALD FAMILY FOUNDATION INC
EIN:
39-1687505
US Government Securities - End of Year Book Value:

327,408
US Government Securities - End of Year Fair Market Value:

330,104
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2025 OtherDecreasesSchedule
Name:
EMIL EWALD FAMILY FOUNDATION INC
EIN:
39-1687505
Description Amount
FMV VERSUS BOOK ON REALIZED GAIN ON PRIOR YEAR CONTRIBUTIONS RECEIVED 32,548


TY 2025 OtherExpensesSchedule
Name:
EMIL EWALD FAMILY FOUNDATION INC
EIN:
39-1687505
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES ON INVESTMENT INCOME 1,087 1,087   0


TY 2025 OtherIncreasesSchedule
Name:
EMIL EWALD FAMILY FOUNDATION INC
EIN:
39-1687505
Description Amount
RECOVERY OF PRIOR CHARITABLE DISTRIBUTION 10,000


TY 2025 OtherProfessionalFeesSchedule
Name:
EMIL EWALD FAMILY FOUNDATION INC
EIN:
39-1687505
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 76,503 76,503   0


TY 2025 TaxesSchedule
Name:
EMIL EWALD FAMILY FOUNDATION INC
EIN:
39-1687505
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES ON INVESTMENT INCOME 4,709 4,709   0
DEPARTMENT OF TREASURY: EXCISE TAX PAYMENTS 20,167 0   0