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
KHC Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address) Foundation Source 501 Silverside Rd
  Room/suite
City or town
Wilmington
State or province
DE
Country  
ZIP or foreign postal code
198091377
A Employer identification number

82-2812906
B Telephone number (see instructions)

8008391754
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)$4,668,647J 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) 0
2 Check .................
3 Interest on savings and temporary cash investments 1,742 1,742  
4 Dividends and interest from securities... 116,288 116,288  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 544,860
b Gross sales price for all assets on line 6a 7,492,418
7 Capital gain net income (from Part IV, line 2)... 544,860
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........ 662,890 662,890  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
65,606 65,606    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,104 704    
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
20,681 178   20,503
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 94,391 66,488   20,503
25 Contributions, gifts, grants paid....... 215,067 215,067
26 Total expenses and disbursements. Add lines 24 and 25 ................ 309,458 66,488   235,570
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 353,432
b Net investment income (if negative, enter -0-) 596,402
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 145,722 137,055 137,055
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)....... 3,926,730 Click to see attachment
List of Attached Documents:
// Content
4,288,829 		4,531,592
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,072,452 4,425,884 4,668,647
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 4,072,452 4,425,884
29 Total net assets or fund balances (see instructions)..... 4,072,452 4,425,884
30 Total liabilities and net assets/fund balances (see instructions). 4,072,452 4,425,884
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
4,072,452
2
Enter amount from Part I, line 27a .....................
2
353,432
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,425,884
5
Decreases not included in line 2 (itemize)
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
4,425,884
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
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 7,492,418   6,947,558 544,860
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       544,860
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 544,860
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 8,290
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  
3 Add lines 1 and 2........................... 3 8,290
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,290
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 4,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,200
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 4,090
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 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
DE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofFoundation Source Telephone no. (800) 839-1754

Located at501 Silverside Road Suite 123WilmingtonDE ZIP+4198091377
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
Clara Cook Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Lou Cook Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jennifer Hamilton Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Melissa Hazlett Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Amanda McCain Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Cynthia McCain Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Cheryl Munke Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
4,471,689
b
Average of monthly cash balances.......................
1b
144,887
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
4,616,576
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
4,616,576
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
69,249
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,547,327
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
227,366
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
227,366
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
8,290
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,290
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
219,076
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
219,076
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
219,076
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
235,570
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
235,570
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 7 219,076
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 227,155
b Total for prior years:2023, 2022, 2021  
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 ........  
4Qualifying distributions for 2025 from Part
XI, line 4: $ 235,570
a Applied to 2024, but not more than line 2a 227,155
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		 
d Applied to 2025 distributable amount..... 8,415
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025.    
(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 .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		210,661
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) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		 
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 .... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
Cheryl Munke
Clara Cook
Cynthia McCain
Lou Cook
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

BOBWHITE BRIGADE

6644 FM 1102
NEW BRAUNFELS,TX78132 		N/A   General & Unrestricted 22,563

BOYS AND GIRLS CLUB OF BEEVILLE INC

801 W CORPUS CHRISTI ST
BEEVILLE,TX78102 		N/A   General & Unrestricted 22,563

FOREVER FOUNDATION FOR TEXAS WILDLIFE INC DBA TEXA

6644 FM 1102
NEW BRAUNFELS,TX78132 		N/A   General & Unrestricted 22,563

SHERIFFS ASSOCIATION OF TEXAS INC

1601 S IH-35
AUSTIN,TX78741 		N/A   General & Unrestricted 22,563

SOUTH TEXAS PUBLIC BROADCASTING SYSTEM

3205 S STAPLES ST
CORP CHRISTI,TX78411 		N/A   General & Unrestricted 22,563

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

501 ST JUDE PL
MEMPHIS,TN38105 		N/A   General & Unrestricted 22,563

STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		N/A   General & Unrestricted 22,563

TEXAS 4 H YOUTH DEVELOPMENT FOUNDATION

PO BOX 11020
COLLEGE STA,TX77842 		N/A   Technical Scholarship Fund 6,000

TEXAS 4-H

305 BOWIE ST
GEORGE WEST,TX78022 		N/A   Technical Scholarship Fund 3,000

TEXAS 4-H

PO BOX 189
TILDEN,TX78072 		N/A   Technical Scholarship Fund 3,000

THE SALVATION ARMY - SAN ANTONIO

521 W ELMIRA
SAN ANTONIO,TX78212 		N/A   General & Unrestricted 22,563

WWP INC - WOUNDED WARRIOR PROJECT INC

PO BOX 758516
TOPEKA,KS66675 		N/A   General & Unrestricted 22,563
Total ................................. 3a 215,067
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,742  
4 Dividends and interest from securities ....     14 116,288  
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 ............ 		    18 544,860  
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) ..   662,890  
13Total. Add line 12, columns (b), (d), and (e)..................
13
662,890
(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

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

TY 2025 DepreciationSchedule
Name:
KHC Family Foundation
EIN:
82-2812906
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

TY 2025 InvestmentsCorpStockSchedule
Name:
KHC Family Foundation
EIN:
82-2812906
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO 6,740 7,044
ABBVIE INC 5,221 6,398
ADOBE SYSTEMS, INC 15,902 15,050
ADVANCED MICRO DEVICES INC 1,937 2,356
AFLAC INC 13,329 14,335
AGILENT TECHNOLOGIES INC 7,249 7,892
AIR PRODS & CHEM INC 19,115 17,044
AIRBNB 15,899 16,422
ALIBABA GROUP HOLDING LTD 14,385 18,029
ALLEGION PLC 30,072 32,322
ALPHABET INC CL A 12,580 18,154
ALPHABET INC CL C 45,594 79,705
AMAZON COM 16,925 17,542
AMERICAN EXPRESS CO 5,947 8,139
AMERICAN TOWER REIT INC 17,906 15,099
AMGEN INC 17,526 19,639
ANALOG DEVICES INC 7,932 9,221
APPLE INC 12,677 16,040
APPLIED MATERIALS INC 8,921 11,565
ARCH CAPITAL GROUP LTD 9,145 9,304
ARES MANAGEMENT CORPORATION 3,617 3,556
AT&T, INC 10,020 9,191
AVALONBAY CMNTYS INC 1,763 1,632
BALL CP 3,459 3,549
BANK NEW YORK MELLON CORP COM 5,258 5,688
BANK OF AMERICA CORP 10,355 12,485
BECTON DICKINSON & CO 32,635 36,679
BERKSHIRE HATHAWAY INC. CLASS 44,985 46,244
BIO RAD LABS INC CL A 13,561 18,482
BLACKROCK INC 18,942 20,336
BOEING CO 15,006 14,547
BOOKING HOLDINGS INC 35,475 37,487
BOSTON SCIENTIFIC 2,525 2,384
BRISTOL-MYERS SQUIBB CO 17,041 19,688
BROADRIDGE FINANCIAL 30,557 28,566
BROWN FORMAN CORP CL B 14,683 13,343
CAPITAL ONE FINANCIAL CORP 22,597 27,629
CARDINAL HEALTH INC 4,301 5,343
CARMAX INC 15,610 9,158
CARRIER GLOBAL 9,149 7,239
CHARLES RIV LABORATORIES INTL 11,529 16,158
CHARLES SCHWAB CORP 43,957 49,056
CHEVRON CORP 7,892 8,383
CHIPOTLE MEX GRILL 8,416 8,214
CHUBB LIMITED 3,113 3,433
CIGNA CORPORATION 24,354 21,743
CITIGROUP INC 16,310 23,221
CLOROX CO 16,236 13,511
CMS ENERGY CP 3,873 3,846
COMCAST CORP 33,047 28,963
CONOCOPHILLIPS 7,753 8,144
CONSTELLATION BRANDS INC 16,927 14,210
COOPER COMPANIES INC 26,408 29,260
COPART INC 6,849 5,912
CSX CORP 3,608 4,024
CVS CAREMARK CORP 19,834 24,364
D R HORTON 7,948 8,786
DANAHER CORP 14,541 16,024
DEERE CO 12,468 12,105
DIAGEO PLC ADS 28,621 22,258
DIAMONDBACK ENERGY INC 23,466 24,955
DOVER CORP 5,474 6,052
DUKE ENERGY CO 11,144 11,252
EATON CORP PLC 8,683 7,963
EDISON INTL 6,797 7,623
ELI LILLY & CO 2,938 4,299
ENBRIDGE INC 39,421 40,464
ENTEGRIS INC 8,501 7,414
ENTERGY CORP 12,594 14,049
EOG RESOURCES INC 7,350 6,931
EQUIFAX INC 7,885 7,811
ESTEE LAUDER COMPANIES INC 14,316 16,336
EVEREST GROUP, LTD 9,192 9,162
EVERSOURCE ENERGYINC 7,205 7,406
EXELIXIS, INC. 12,774 12,667
EXXON MOBIL CORP 11,922 13,959
FIDELITY NATIONAL INFORMATION 20,752 18,875
FT TR VEST US EQ BUFF ETF- APR 35,451 37,979
FT TR VEST US EQ BUFF ETF- DEC 34,144 38,541
FT TR VEST US EQ BUFF ETF- FEB 34,457 38,275
FT TR VEST US EQ BUFF ETF- JUN 34,880 38,059
FT TR VEST US EQ BUFF ETF- MAY 34,815 38,163
FISERV, INC 20,662 8,463
FORTINET INC 15,067 14,611
FOX CORP CL A 13,096 16,441
FT CBOE VEST US EQ BUFF - NOV 33,924 38,162
FT CBOE VEST US EQ BUFF - JAN 34,248 38,295
FT CBOE VEST US EQ BUFF - JUL 34,012 38,135
FT CBOE VEST US EQ BUFF - AUG 34,244 38,124
FT CBOE VEST US EQ BUFF - SEP 34,500 38,154
FT CBOE VEST US EQ BUFF - OCT 33,784 38,114
FT VEST US EQUITY BUFF - MAR 35,141 38,067
GALLAGHER ARTHUR J & CO 4,439 3,882
GE HEALTHCARE TECHNOLOGIES INC 14,134 15,174
GEN DYNAMICS CP 6,390 7,407
GENERAL MILLS INC 7,182 6,510
GENERAL MOTORS 9,439 16,020
GENUINE PARTS COMPANY 10,689 10,452
GILDAN ACTIVEWEAR INC 5,419 7,058
GOLDMAN SACHS GROUP 5,622 7,032
GSK PLC 15,203 17,949
HARTFORD FINANCIALSERVICES GRO 14,689 15,847
HEALTHPEAK PROPERTIES, INC 8,879 8,072
HENRY JACK & ASSOC INC 6,816 8,212
HOME DEPOT INC 6,331 5,850
HOST HOTELS & RESORTS INC 2,300 2,571
HUNTINGTON INGALLS INDUSTRIES 21,470 29,586
IDEX CP 15,960 15,481
INGREDION INC 34,935 28,447
INTERNATIONAL BUSINESS MACHINE 2,643 2,962
INVESCO SENIOR LOAN ETF 141,686 141,960
ISHARES BARCLAYS 1-3 YEAR TREA 102,089 102,614
ISHARES IBOXX $ HIGH YIELD COR 191,123 194,237
ISHARES S&P 500 INDEX FD 92,947 94,522
ISHARES SHORT TERM CORPORATE B 132,132 133,628
JOHNSON & JOHNSON 7,280 8,692
JP MORGAN CHASE 19,180 23,522
KENVUE INC 15,824 14,594
LABCORP HLDGS INC (LABORATORY 11,665 11,540
LAMAR ADVERTISING CO CL A REIT 16,199 16,962
LLOYDS BANKING GROUP PLC 12,378 15,667
LOWES COMPANIES INC 6,739 6,994
LPL FINANCIAL HOLDINGS INC 7,305 7,143
M&T BANK CORP 1,856 2,015
MARKETAXESS HOLDINGS, INC 8,322 7,069
MASCO CORP 8,158 7,615
MCDONALD'S CORP 5,801 5,807
MEDTRONIC PLC 15,174 16,618
MERCK & CO INC 10,489 13,368
META PLATFORMS INC 62,036 65,349
MGIC INVESTMENT CORP 8,814 9,058
MICRON TECHNOLOGY 3,268 5,423
MICROSOFT CORP 59,731 68,190
MONDELEZ INTERNATIONAL INC 20,450 17,226
MORGAN STANLEY 5,597 7,279
MOTOROLA SOLUTIONS INC 7,458 7,666
NAVIGATOR TACTICAL FIXED INCOM 307,852 310,401
NEWMONT GOLDCORP CORPORATION 11,753 13,779
NEXTERA ENERGY, INC 4,917 5,298
NEXTRACKER INC 6,185 6,011
NIKE INC-CL B 16,330 13,952
NORTHROP GRUMMAN CORP 9,214 10,264
NRG ENERGY 13,722 14,013
NVIDIA CORP 25,494 30,213
NXP SEMICONDUCTORS 19,288 18,233
O'REILLY AUTOMOTIVE INC 3,001 2,919
OGE ENERGY CORP 1,891 1,836
OMNICOM GROUP 10,991 12,597
ORACLE CORP 6,598 6,627
OTIS WORLDWIDE CORP 14,973 14,850
PARKER HANNIFIN CP 3,019 3,516
PEPSICO INC 10,365 10,908
PFIZER INC 8,459 8,167
PHILIP MORRIS INTL 27,882 25,343
PILGRIMS PRIDE CORP 7,060 6,043
PLAINS GP HOLDINGS LP 3,608 3,962
PROCTER GAMBLE CO 16,922 15,048
PROGRESSIVE CORP OHIO 5,005 4,554
PROLOGIS 1,419 1,660
PROSUS NV ADR 20,233 22,804
PUBLIC SVC ENTERPRISE GROUP IN 3,329 3,292
PULTE GROUP INC 10,409 11,140
QUALCOMM INC 25,189 28,907
RAYTHEON TECHNOLOGIES CORP 22,601 28,977
REGENERON PHARMACEUTICALS INC 1,974 3,087
RENTOKIL INITIAL PLC SPON ADR 29,227 35,499
REPUBLIC SVCS INC 2,813 2,543
ROCHE HOLDING LTD ADR 10,316 13,047
SALESFORCE.COM 15,361 15,365
SANOFI-AVENTIS SPONSORED ADR 9,716 9,450
SERVICE NOW 6,650 6,587
SNAP ON INC 7,017 7,581
SPDR BARCLAYS CAPITAL 1-3 MONT 187,784 187,512
SPDR BARCLAYS SHORT TERM HIGH 18,642 18,737
SPDR BLOOMBERG BARCLAYS HYB ET 86,467 87,878
STARBUCKS CORP COM 10,117 9,684
SYNCHRONY FINANCIAL 11,658 15,101
SYSCO CORP 10,837 10,832
TAYLOR MORRISON HOME CORP 6,244 6,299
TEXAS INSTRUMENTS INC 12,245 12,665
THE BLACKSTONE GROUP INC CL A 3,568 3,545
THE COCA-COLA CO 12,402 12,164
THE HERSHEY COMPANY 6,764 7,461
THERMO FISHER SCIENTIFIC INC 13,363 15,645
TJX COMPANIES INC 5,116 6,298
TRANSUNION COM USD0.01 16,098 14,663
TRAVELERS COMPANIES INC 2,983 3,191
TRUIST FINANCIAL CORPORATION 10,047 12,499
TYLER TECHNOLOGIES, INC 14,277 13,165
ULTRA S&P500 PROSHRS 33,549 33,130
UNION PACIFIC 6,263 6,477
UNITED CONTINENTAL HOLDINGS IN 7,029 8,051
UNITED PARCEL SERVICE 23,878 23,905
UNITED THERAPEUTICS CORP 11,349 17,054
UNITEDHEALTH GROUP INC 5,001 5,282
US BANCORP 18,397 20,970
VENTAS INC 3,753 4,256
VERISIGN INC 22,600 19,922
VERIZON COMMUNICATIONS 8,452 7,983
VERTEX PHARMCTLS INC 2,539 2,720
VISTRA ENERGY CORP 10,802 10,164
VULCAN MATERIALS CO 6,003 6,275
WAL-MART STORES INC 4,066 4,568
WALT DISNEY HOLDINGS CO 13,787 13,197
WARNER BROS. DISCOVERY, INC 10,276 30,203
WARNER MUSIC GRP CRP 20,093 23,432
WEC ENERGY GROUP, INC 10,034 10,019
WELLS FARGO & CO 52,423 64,867
WEST PHARMA SVCS INC 6,930 8,254
WESTERN DIGITAL CORP 8,076 9,475
WORKDAY INC 15,195 13,961
WYNDHAM HOTELS & RESORTS INC C 34,465 33,624
XCEL ENERGY INC 3,812 3,915
YUM CHINA HOLDINGS INC 28,858 31,604
ZEBRA TECHNOLOGIES CORP 20,172 16,755
ZIMMER BIOMET HOLDINGS 14,518 13,578
ZOETIS INC 7,809 7,927

TY 2025 OtherExpensesSchedule
Name:
KHC Family Foundation
EIN:
82-2812906
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 20,478     20,478
Bank Charges 178 178    
State or Local Filing Fees 25     25


TY 2025 OtherProfessionalFeesSchedule
Name:
KHC Family Foundation
EIN:
82-2812906
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 65,606 65,606    


TY 2025 TaxesSchedule
Name:
KHC Family Foundation
EIN:
82-2812906
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2025 4,200      
990-PF Extension for 2024 3,200      
Foreign Tax Paid 704 704