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
GARDNER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 307 MAIN ST
  Room/suite
City or town
WAKEFIELD
State or province
NE
Country  
ZIP or foreign postal code
68784
A Employer identification number

36-3705723
B Telephone number (see instructions)

4022872538
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)$32,961,695J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments 90,748 90,748  
4 Dividends and interest from securities... 659,504 659,504  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,585,363
b Gross sales price for all assets on line 6a 4,499,331
7 Capital gain net income (from Part IV, line 2)... 2,585,363
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)....... Click to see attachment
List of Attached Documents:
// Content
43,582 43,582  
12 Total. Add lines 1 through 11........ 3,379,197 3,379,197  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 84,000 0   0
14 Other employee salaries and wages...... 5,760 0   0
15 Pension plans, employee benefits....... 124,280 0   0
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
130 0   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,725 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
183,161 183,161   0
17 Interest............... 25,483 25,483   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
66,389 18,527   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,131 0  
20 Occupancy.............. 4,472 0   0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
63,772 58,232   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 581,303 285,403   0
25 Contributions, gifts, grants paid....... 1,397,188 1,397,188
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,978,491 285,403   1,397,188
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,400,706
b Net investment income (if negative, enter -0-) 3,093,794
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......... 871,809 1,206,420 1,206,420
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 14,670,054 Click to see attachment
List of Attached Documents:
// Content
15,494,100 		20,985,520
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 7,575,653 Click to see attachment
List of Attached Documents:
// Content
8,534,722 		10,674,505
14 Land, buildings, and equipment: basis 126,308
Less: accumulated depreciation (attach schedule) 97,590 30,849 Click to see attachment
List of Attached Documents:
// Content
28,718 		95,250
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,148,365 25,263,960 32,961,695
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe ) Click to see attachment
List of Attached Documents:
// Content
8,128 		Click to see attachment
List of Attached Documents:
// Content
75,350
23 Total liabilities (add lines 17 through 22)......... 8,128 75,350
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 12,000,500 12,000,500
28 Retained earnings, accumulated income, endowment, or other funds 11,139,737 13,188,110
29 Total net assets or fund balances (see instructions)..... 23,140,237 25,188,610
30 Total liabilities and net assets/fund balances (see instructions). 23,148,365 25,263,960
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
23,140,237
2
Enter amount from Part I, line 27a .....................
2
1,400,706
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
647,667
4
Add lines 1, 2, and 3 ..........................
4
25,188,610
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
25,188,610
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 P    
b PUBLICLY TRADED SECURITIES P    
c EGERTON CAPITAL PARTNERS P    
d EGERTON CAPITAL PARTNERS P    
e CAPITAL GAINS 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 1,014,930   1,161,461 -146,531
b 3,223,220   2,145,365 1,077,855
c       536,624
d       856,234
e 261,181     261,181
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       -146,531
b       1,077,855
c       536,624
d       856,234
e       261,181
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,585,363
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 43,004
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 43,004
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 43,004
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 38,000
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 38,000
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 27
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 5,031
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)
NE
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 ofLESLIE A BEBEE Telephone no. (402) 287-2538

Located at307 MAIN STWAKEFIELDNE ZIP+468784
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
LESLIE A BEBEE EXECUTIVE DIRECTOR
30.00 		60,000 0 0
1202 MAIN ST
WAKEFIELD,NE68784
DAVID J GARDNER TRUSTEE
10.00 		12,000 0 0
26 GOAT ISLAND PLACE
SHELDON,SC29941
KIRK N GARDNER TRUSTEE
10.00 		12,000 0 0
19541 BLONDO PARKWAY
ELKHORN,NE68022
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 NONE - OTHER THAN CONTRIBUTIONS PAID (SEE PART XV) 0
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
30,350,989
b
Average of monthly cash balances.......................
1b
1,152,315
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
31,503,304
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
31,503,304
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
472,550
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
31,030,754
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,551,538
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
1,551,538
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
43,004
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
43,004
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,508,534
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,508,534
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
1,508,534
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
1,397,188
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,397,188
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 1,508,534
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 1,392,177
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,397,188
a Applied to 2024, but not more than line 2a 1,392,177
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..... 5,011
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 .......... 		1,503,523
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).)
LESLIE A BEBEE
DAVID J GARDNER
KIRK N GARDNER
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
BOARD OF TRUSTEES GARDNER FOUNDATIO
P O BOX 629
WAKEFIELD,NE68784
(402) 287-2538
bThe form in which applications should be submitted and information and materials they should include:
USE GARDNER FOUNDATION GRANT APPLICATION.
cAny submission deadlines:
NONE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
AS OUTLINED IN GARDNER FOUNDATION POLICY STATEMENT; CANNOT RESUBMIT IF REJECTED WITHIN 1 YEAR.
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

CITY OF PONCA

123 W THIRD STREET
PONCA,NE68770 		NONE   PLAYGROUND EQUIPMENT 38,210

DIXON COUNTY

302 3RD ST
PONCA,NE68770 		NONE   DRONE 17,104

EMERSON HUBBARD SCHOOL

PO BOX 9
EMERSON,NE68733 		NONE   ONE BOOK, ONE SCHOOL PROGRAM 795

EMERSON VETERANS MEMORIALPOST 60

511 STATE STREET
EMERSON,NE68733 		NONE   VETERANS MEMORIAL 10,250

EPIC YOUTH MINISTRY

203 BRUCE ST
LAUREL,NE68745 		NONE   MINISTRY 5,000

HARRISON'S PLAYMAKERS

921 S 198TH STREET
OMAHA,NE68022 		NONE   SPORTS CAMPS 10,000

HILLRISE ELEMENTARY PTO

20110 HOPPER STREET
ELKHORN,NE68022 		NONE   GENERAL FUNDING 2,000

HOMER VOLUNTEER FIRE DEPARTMENT

PO BOX 35
HOMER,NE68030 		NONE   LUCAS DEVICE 19,550

LAUREL-CONCORD-COLERIDGE MIDDLE SCHOOL

203 S MAIN STREET
COLERIDGE,NE68727 		NONE   LEARNING 8,294

LINDSAY AREA DEVELOPMENT

43971 460 ST
LINDSAY,NE68644 		NONE   EDUCATION 10,000

LITTLE RED HEN THEATRE

316 MAIN STREET
WAKEFIELD,NE68784 		NONE   OUTREACH 75,000

NEBRASKA WESLEYAN UNIVERSITY

5000 ST PAUL AVE
LINCOLN,NE68504 		NONE   SCHOLARSHIPS 75,000

OMAHA PACESETTER

7617 N 153RD CIRCLE
BENNINGTON,NE68007 		NONE   BASEBALL PROGRAM 4,500

PIONEER SENIOR CITIZENS

418 S SLAUGHTER AVE
PENDER,NE68047 		NONE   NEW FURNACE 7,000

PROJECT PINKD INC

12165 PACIFIC ST
OMAHA,NE68154 		NONE   ASSISTANCE 15,000

ST PETER'S CATHOLIC CHURCH

70 LADYS ISLAND DRIVE
BEAUFORT,SC29902 		NONE   TUITION ASSISTANCE 100,000

STANTON COUNTY EMERGENCY MANAGEMENT AGENCY

804 IVY ST
STANTON,NE68779 		NONE   DRONE 27,595

WAKEFIELD COMMUNITY SCHOOL

802 HIGHLAND ST
WAKEFIELD,NE68784 		NONE   SCHOOL FUNDRAISING 750

WAYNE STATE FOUNDATION

1111 MAIN STREET
WAYNE,NE68787 		NONE   SCHOLARSHIPS 171,946

WAYNE STATE FOUNDATION

1111 MAIN STREET
WAYNE,NE68787 		NONE   SCHOLARSHIPS 764,194

WISNER POLICE DEPARTMENT

1111 AVENUE E
WISNER,NE68791 		NONE   RADIO SYSTEMS 35,000
Total ................................. 3a 1,397,188
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 90,748  
4 Dividends and interest from securities ....     14 659,504  
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 .....     01 43,582  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,585,363  
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 3,379,197 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,379,197
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LUTZ & COMPANY PC 21,725 0   0

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2025 DepreciationSchedule
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING 1992-12-31 20,000 16,125 SL 40.000000000000 500 0    
BUILDING 1993-12-31 44,000 34,650 SL 40.000000000000 1,100 0    
EQUIPMENT 1992-12-31 4,150 4,150 SL 5.000000000000 0 0    
EQUIPMENT 1993-12-31 16,119 16,119 SL 5.000000000000 0 0    
LAND 1992-10-01 5,000   L   0 0    
FILE CABINETS 1994-01-20 261 261 SL 7.000000000000 0 0    
OFFICE FURNITURE 1994-02-22 1,467 1,467 SL 7.000000000000 0 0    
PHONES 1994-03-08 423 423 SL 7.000000000000 0 0    
CREDENZA 1994-03-08 446 446 SL 7.000000000000 0 0    
OFFICE FURNITURE - SIDE RETURN 1994-03-22 1,604 1,604 SL 7.000000000000 0 0    
FILE CABINETS 1994-08-15 1,370 1,370 SL 7.000000000000 0 0    
DESK & TABLE 1994-12-19 394 394 SL 7.000000000000 0 0    
PICTURE 1994-12-27 394 394 SL 7.000000000000 0 0    
COMPUTER 1994-02-16 2,354 2,354 SL 5.000000000000 0 0    
LASER PRINTER 1994-04-20 1,087 1,087 SL 5.000000000000 0 0    
BACK-UP SYSTEM 1994-11-16 578 578 SL 5.000000000000 0 0    
3 TABLES-NE CHAMB COMM & IND 1995-01-24 960 960 SL 7.000000000000 0 0    
TELEVISION 1995-05-15 391 388 SL 7.000000000000 0 0    
COMPUTER EQUIPMENT 1995-07-25 428 428 SL 5.000000000000 0 0    
DRIVEWAY 1997-12-24 2,432 2,432 SL 20.000000000000 0 0    
COMPUTER 2000-12-13 1,200 1,200 SL 5.000000000000 0 0    
ROOF 2008-10-07 21,250 8,629 SL 40.000000000000 531 0    

TY 2025 InvestmentsCorpStockSchedule
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Name of Stock End of Year Book Value End of Year Fair Market Value
MITCHELL CAPITAL MANAGED 3,592,380 5,509,999
SECURITY NATIONAL BANK AGENCY ACCOUNT 11,901,720 15,475,521

TY 2025 InvestmentsOtherSchedule2
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
EGERTON CAPITAL PARTNERS, LP AT COST 7,534,702 7,572,578
VARIABLE ANNUITY AT COST 1,000,020 3,101,927

TY 2025 LandEtcSchedule2
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 20,000 16,625 3,375  
BUILDING 44,000 35,750 8,250  
EQUIPMENT 4,150 4,150 0  
EQUIPMENT 16,119 16,119 0  
LAND 5,000 0 5,000  
FILE CABINETS 261 261 0  
OFFICE FURNITURE 1,467 1,467 0  
PHONES 423 423 0  
CREDENZA 446 446 0  
OFFICE FURNITURE - SIDE RETURN 1,604 1,604 0  
FILE CABINETS 1,370 1,370 0  
DESK & TABLE 394 394 0  
PICTURE 394 394 0  
COMPUTER 2,354 2,354 0  
LASER PRINTER 1,087 1,087 0  
BACK-UP SYSTEM 578 578 0  
3 TABLES-NE CHAMB COMM & IND 960 960 0  
TELEVISION 391 388 3  
COMPUTER EQUIPMENT 428 428 0  
DRIVEWAY 2,432 2,432 0  
COMPUTER 1,200 1,200 0  
ROOF 21,250 9,160 12,090  


TY 2025 LegalFeesSchedule
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL EXPENSES 130 0   0


TY 2025 OtherExpensesSchedule
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 2,200 0   0
OFFICE EXPENSE 2,595 0   0
REPAIRS & MAINTENANCE 690 0   0
SECTION 988 LOSS FROM EGERTON K-1 58,232 58,232   0
DUES 40 0   0
PUBLICATION 12 0   0
BANK FEES 3 0   0


TY 2025 OtherIncomeSchedule2
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 1,278 1,278 1,278
OTHER TRADE OR BUSINESS INC FROM EGERTON 42,304 42,304 42,304


TY 2025 OtherIncreasesSchedule
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Description Amount
FMV TO BASIS ADJUSTMENT FOR DONATED SECURITIES 647,667


TY 2025 OtherLiabilitiesSchedule
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL TAXES WITHHELD 1,806 2,378
PAYROLL LIABILITIES 6,322 6,286
OUTSTANDING CHECK - SAINT PETER'S CATHOLIC CHURCH 0 30,000
OUTSTANDING CHECK - WAYNE STATE FOUNDATION 0 26,436
OUTSTANDING CHECK - EMERSON VETERANS MEMORIAL PARK 0 10,250


TY 2025 OtherProfessionalFeesSchedule
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 183,161 183,161   0


TY 2025 TaxesSchedule
Name:
GARDNER FOUNDATION
EIN:
36-3705723
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 18,527 18,527   0
PAYROLL TAXES 6,867 0   0
EXCISE TAX 40,995 0   0