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
HARRY A AND MARGARET D TOWSLEY
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address) 924 N MAIN ST STE 1
  Room/suite
City or town
ANN ARBOR
State or province
MI
Country  
ZIP or foreign postal code
48104
A Employer identification number

38-6091798
B Telephone number (see instructions)

7346602170
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)$83,307,652J 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 141,501 141,501  
4 Dividends and interest from securities... 1,836,410 1,836,410  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,145,293
b Gross sales price for all assets on line 6a 15,605,619
7 Capital gain net income (from Part IV, line 2)... 4,142,252
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........ 6,123,204 6,120,163  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 129,440 13,000   116,440
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
4,100     4,100
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
100,563 93,563   7,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
133,471 1,526   8,971
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 11,316     11,316
21 Travel, conferences, and meetings....... 14,872     14,872
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
42,704     42,704
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 436,466 108,089   205,403
25 Contributions, gifts, grants paid....... 3,811,102 3,811,102
26 Total expenses and disbursements. Add lines 24 and 25 ................ 4,247,568 108,089   4,016,505
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,875,636
b Net investment income (if negative, enter -0-) 6,012,074
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............. 122,239 346,342 346,342
2 Savings and temporary cash investments......... 7,977,998 8,069,102 8,069,102
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) 6,006,007 Click to see attachment
List of Attached Documents:
// Content
8,780,641 		9,107,536
b Investments—corporate stock (attach schedule)....... 34,774,534 Click to see attachment
List of Attached Documents:
// Content
32,861,635 		65,078,588
c Investments—corporate bonds (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
696,868 		697,669
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 ) Click to see attachment
List of Attached Documents:
// Content
6,589 		Click to see attachment
List of Attached Documents:
// Content
8,415 		Click to see attachment
List of Attached Documents:
// Content
8,415
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 48,887,367 50,763,003 83,307,652
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 27,880,429 27,880,429
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 21,006,938 22,882,574
29 Total net assets or fund balances (see instructions)..... 48,887,367 50,763,003
30 Total liabilities and net assets/fund balances (see instructions). 48,887,367 50,763,003
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
48,887,367
2
Enter amount from Part I, line 27a .....................
2
1,875,636
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
50,763,003
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
50,763,003
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 CHARLES SCHWAB SECURITIES P    
b VANGUARD MUTUAL FUNDS P    
c 12,000 SHS CORTEVA D   2025-02-19
d QNITY FRACTIONAL SH D   2025-12-05
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 9,388,250   8,381,110 1,007,140
b 5,444,948   3,058,374 2,386,574
c 772,381   20,840 751,541
d 40   2 38
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       1,007,140
b       2,386,574
c 23,880 20,840 3,040 748,501
d 3 2 1 37
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 4,142,252
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 3,393,714
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 83,568
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 83,568
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 83,568
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 100,000
b Exempt foreign organizations—tax withheld at source...... 6b  
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.............. 7 100,000
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  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 16,432
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax16,432 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. $   (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)
MI
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 addressTOWSLEYFOUNDATION.ORG
14
The books are in care ofBRENDA SHELLENBERGER Telephone no. (734) 660-2170

Located at924 N MAIN ST STE 1ANN ARBORMI ZIP+448104
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JENNIFER POTEAT TRUSTEE
1.00 		4,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
DAVID WINSTON INGLISH PRESIDENT
5.00 		4,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
DOUGLAS INGLISH TRUSTEE
1.00 		2,500 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
TINA S VAN DAM VICE PRES
2.00 		11,500 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
C WENDELL DUNBAR TRUSTEE
2.00 		1,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
LYNN T WHITE CHAIRPERSON
1.00 		0 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
HEATHER KOCH SECRETARY
1.00 		4,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
STEPHANIE SCHEETS TRUSTEE
1.00 		4,000 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
SARAH THOMPSON TRUSTEE
1.00 		2,500 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
BRENDA SHELLENBERGER TREASURER
15.00 		54,500 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
ANNE COOPER FDN MANAGER
10.00 		41,440 0 0
924 N MAIN ST STE 1
ANN ARBOR,MI48104
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...................  
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 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 N/A  
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
73,007,375
b
Average of monthly cash balances.......................
1b
8,345,324
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
81,352,699
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
 
3
Subtract line 2 from line 1d.........................
3
81,352,699
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,220,290
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
80,132,409
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
4,006,620
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
4,006,620
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
83,568
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
83,568
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,923,052
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
3,923,052
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
3,923,052
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
4,016,505
b
Program-related investments—total from Part VIII-B..................
1b
 
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
4,016,505
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 3,923,052
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 3,476,446
b Total for prior years:20 , 20, 20  
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: $ 4,016,505
a Applied to 2024, but not more than line 2a 3,476,446
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..... 540,059
e Remaining amount distributed out of corpus  
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  
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 .......... 		3,382,993
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 ...... 		 
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 e-mail address of the person to whom applications should be addressed:
ANNE COOPER
924 N MAIN ST SUITE 1
ANN ARBOR,MI48104
(734) 660-2170
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS ARE SUBMITTED THROUGH THE FOUNDATION'S WEBSITE, TOWSLEYFOUNDATION.ORG. ALL INFORMATION REQUIRED FOR THE SUBMITTAL IS AVAILABLE THERE. GRANTS ARE NOT MADE TO INSTITUTIONS WHICH UNFAIRLY DISCRIMINATE IN POLICY OR PRACTICE BASED ON AGE, RACE, COLOR, CREED OR SEX.
cAny submission deadlines:
DEADLINES FOR CONSIDERATION AT EACH BOARD MEETING ARE POSTED ON THE FOUNDATION'S WEBSITE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
1. THE FOUNDATION DOES NOT MAKE DIRECT GRANTS TO INDIVIDUALS, PROVIDE LOAN FUNDS, OR MAKE GRANTS TO STUDENTS FOR SCHOLARSHIPS. 2. THE FOUNDATION DOES NOT MAKE GRANTS FOR TRAVEL AND CONFERENCES.
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

211 NORTHEAST MICHIGAN

2007 AUSTIN ST
MIDLAND,MI48642 		NONE   PROGRAM SUPPORT 50,000

ACCOUNTING AID SOCIETY

3031 W GRAND BLVD
DETROIT,MI48202 		NONE   PROGRAM SUPPORT 10,000

AMERICAN HEART ASSOCIATION

PO BOX 840692
DALLAS,TX75284 		NONE   PROGRAM SUPPORT 2,500

AA HANDS ON MUSEUM & LESLIE SCIENCE

220 E ANN ST
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 25,000

ANN ARBOR SUMMER FESTIVAL

210 HURONVIEW BLVD
ANN ARBOR,MI48103 		NONE   PROGRAM SUPPORT 15,000

ANN ARBOR SYMPHONY ORCHESTRA

35 RESEARCH DR
ANN ARBOR,MI48103 		NONE   PROGRAM SUPPORT 25,000

AVALON HOUSING

1327 JONES DR
ANN ARBOR,MI48105 		NONE   PROGRAM SUPPORT 15,000

BAY COUNTY HABITAT FOR HUMANITY

3460 S HURON RD
BAY CITY,MI48706 		NONE   PROGRAM SUPPORT 25,000

BETHANY CHRISTIAN SERVICES OF MI

1800 W 9 MILE RD
SOUTHFIELD,MI48075 		NONE   PROGRAM SUPPORT 20,000

BIG BROTHERS BIG SISTERS BAY REGION

2200 N SAGINAW RD
MIDLAND,MI48640 		NONE   PROGRAM SUPPORT 11,000

BIG BROTHERS BIG SISTERS SE MICH

11 W MICHIGAN AVE
YPSILANTI,MI48197 		NONE   PROGRAM SUPPORT 1,000

BIRTHDAY SMILES FOR KIDS

1731 MONTEREY CT
ANN ARBOR,MI48108 		NONE   PROGRAM SUPPORT 2,000

BUILD A TEAM OF HOPE

6349 HEATHER RIDGE
KALAMAZOO,MI49009 		NONE   PROGRAM SUPPORT 5,000

CALVIN UNIVERSITY

3201 BURTON ST SE
GRAND RAPIDS,MI49546 		NONE   PROGRAM SUPPORT 85,000

CENTRAL MICHIGAN UNIVERSITY

524 E BELLOWS ST
MT PLEASANT,MI48858 		NONE   PROGRAM SUPPORT 25,000

CHANGING LIVES AND STAYING SOBER

22000 GRAND RIVER
DETROIT,MI48219 		NONE   PROGRAM SUPPORT 50,000

CHEM COATERS ASSN EDUCATION FDN

6985 PROFESSIONAL PKWY
SARASOTA,FL34240 		NONE   PROGRAM SUPPORT 4,500

CHILD & FAMILY SERVICE SAGINAW CTY

2838 AUTOMOTIVE CENTRE
SAGINAW,MI48603 		NONE   PROGRAM SUPPORT 40,000

CHILDRENS HEALING CENTER

1580 E BELTLINE AVE SE
GRAND RAPIDS,MI49546 		NONE   PROGRAM SUPPORT 15,000

CHILDRENS LITERACY NETWORK

1100 N MAIN ST
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 5,000

CLEVELAND MANOR

2200 CLEVELAND AVE
MIDLAND,MI48640 		NONE   PROGRAM SUPPORT 1,000

COMMON GROUND

30200 TELEGRAPH
BINGHAM FARMS,MI48025 		NONE   PROGRAM SUPPORT 25,000

COMMUNITIES FIRST

1112 W BRISTOL RD
FLINT,MI48507 		NONE   PROGRAM SUPPORT 50,000

COMMUNITY ACTION NETWORK

PO BOX 130076
ANN ARBOR,MI48113 		NONE   PROGRAM SUPPORT 2,000

CORNER HEALTH CENTER

47 N HURON
YPSILANTI,MI48197 		NONE   PROGRAM SUPPORT 50,000

CREATIVE WASHTENAW

1100 N MAIN ST
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 10,000

CULVER EDUCATIONAL FDN

1300 ACADEMY RD
CULVER,IN46511 		NONE   PROGRAM SUPPORT 5,000

DELTA COLLEGE FDN

1961 DELTA RD
UNIVERSITY CENTER,MI48710 		NONE   PROGRAM SUPPORT 7,500

DETROIT DOG RESCUE

PO BOX 806119
ST CLAIR SHORES,MI48080 		NONE   PROGRAM SUPPORT 2,500

DOWNTOWN BOXING GYM

6445 E VERNOR HWY
DETROIT,MI48207 		NONE   PROGRAM SUPPORT 15,000

ECHO HIS LOVE

525 MICHAEL
MANISTEE,MI49660 		NONE   PROGRAM SUPPORT 20,000

ELE'S PLACE ANN ARBOR

5665 HINES DR
ANN ARBOR,MI48108 		NONE   PROGRAM SUPPORT 2,000

ENTERPRISE COMMUNITY PARTNERS

11000 BROKEN LAND PKWY
COLUMBIA,MD21044 		NONE   PROGRAM SUPPORT 25,000

FAMILY LEARNING INSTITUTE

1954 S INDUSTRIAL
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 2,000

FOOD GATHERERS

1 CARROT WAY
ANN ARBOR,MI48105 		NONE   PROGRAM SUPPORT 5,000

FREEDOM RIVER

9305 HURON RAPIDS DR
WHITMORE LAKE,MI48189 		NONE   PROGRAM SUPPORT 200,000

FRIENDS OF FIFE LAKE PUBLIC LIBRARY

77 LAKECREST LN
FIFE LAKE,MI49633 		NONE   PROGRAM SUPPORT 35,000

GIRLS GROUP

2531 JACKSON
ANN ARBOR,MI48103 		NONE   PROGRAM SUPPORT 25,000

GRAND RAPIDS SYMPHONY

300 OTTAWA DR NW
GRAND RAPIDS,MI49508 		NONE   PROGRAM SUPPORT 50,000

GRAND TRAVERSE REGIONAL LAND CONS

2846 3 MILE RD N
TRAVERSE CITY,MI49686 		NONE   PROGRAM SUPPORT 50,000

GREAT LAKES RECOVERY CENTERS

100 MALTON RD
NEGAUNEE,MI49866 		NONE   PROGRAM SUPPORT 25,000

HIS EYE IS ON THE SPARROW

PO BOX 278
SALINE,MI48176 		NONE   PROGRAM SUPPORT 5,000

HOME OF NEW VISION

3115 PROFESSIONAL DR
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 25,000

HOME START

5005 TEXAS ST
SAN DIEGO,CA92108 		NONE   PROGRAM SUPPORT 25,000

HOMES GIVING HOPE

PO BOX 285
ROCKFORD,MI49341 		NONE   PROGRAM SUPPORT 10,000

HOPE CLINIC

PO BOX 980311
YPSILANTI,MI48198 		NONE   PROGRAM SUPPORT 61,500

HOPE FOR SINGLE MOMS

2130 BLUEBERRY DR NW
GRAND RAPIDS,MI49504 		NONE   PROGRAM SUPPORT 35,000

HUMBLE DESIGN

21420 MELROSE AVE
SOUTHFIELD,MI48075 		NONE   PROGRAM SUPPORT 10,000

HURON-CLINTON METROPARKS

13000 HIGHRIDGE DR
BRIGHTON,MI48114 		NONE   PROGRAM SUPPORT 10,000

IHN AT ALPHA HOUSE

4290 JACKSON RD
ANN ARBOR,MI48103 		NONE   PROGRAM SUPPORT 100,000

INSIDEOUT LITERARY ARTS PROJECT

5201 CASS AVE
DETROIT,MI48202 		NONE   PROGRAM SUPPORT 15,000

INTERLOCHEN CENTER FOR THE ARTS

PO BOX 199
INTERLOCHEN,MI49643 		NONE   PROGRAM SUPPORT 269,500

INTERLOCHEN PUBLIC RADIO

PO BOX 199
INTERLOCHEN,MI49643 		NONE   PROGRAM SUPPORT 2,500

JUBILEE MINISTRIES

96 W 15TH ST
HOLLAND,MI49423 		NONE   PROGRAM SUPPORT 30,000

KALAMAZOO COLLEGE

1200 ACADEMY ST
KALAMAZOO,MI49006 		NONE   PROGRAM SUPPORT 18,000

KEWEENAW LAND TRUST

49902 LIMERICK ST
HANCOCK,MI49930 		NONE   PROGRAM SUPPORT 25,000

LACASA CENTER

1920 TOOLEY RD
HOWELL,MI48855 		NONE   PROGRAM SUPPORT 100,000

LEELANAU CONSERVANCY

PO BOX 1007
LELAND,MI49654 		NONE   PROGRAM SUPPORT 50,000

LITTLE FORKS CONSERVANCY

125 MCDONALD
MIDLAND,MI48640 		NONE   PROGRAM SUPPORT 7,500

LIVINGSTON CTY CATHOLIC CHARITIES

2020 E GRAND RIVER
HOWELL,MI48843 		NONE   PROGRAM SUPPORT 20,000

LOWERTOWN RIVERFRONT CONSERVANCY

340 BEAKES ST
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 50,000

LUTHERAN SPECIAL ED MINISTRIES

3773 GEDDES RD
ANN ARBOR,MI48105 		NONE   PROGRAM SUPPORT 10,000

M&M CHILDRENS MUSEUM

425 FIRST ST
MENOMINEE,MI49858 		NONE   PROGRAM SUPPORT 50,000

MANY HANDS LIFESHARING COMM

1032 LOUISE ST
YPSILANTI,MI48197 		NONE   PROGRAM SUPPORT 100,000

MARY FREE BED REHAB HOSPITAL

235 WEALTHY ST SE
GRAND RAPIDS,MI49503 		NONE   PROGRAM SUPPORT 100,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA
BOSTON,MA02114 		NONE   PROGRAM SUPPORT 1,000

MICHAEL'S PLACE

1212 VETERANS DR
TRAVERSE CITY,MI49684 		NONE   PROGRAM SUPPORT 32,000

MICHIGAN ADVOCACY PROGRAM

15 S WASHINGTON ST
YPSILANTI,MI48197 		NONE   PROGRAM SUPPORT 25,000

MICH ASSOC OF CONSERVATION DIST

PO BOX 477
FLINT,MI48501 		NONE   PROGRAM SUPPORT 40,000

MICH ENVIRONMENTAL COUNCIL

602 W IONIA ST
LANSING,MI48933 		NONE   PROGRAM SUPPORT 5,000

MICHIGAN FOSTER CARE CLOSET

37 ENTERPRISE DR
ANN ARBOR,MI48103 		NONE   PROGRAM SUPPORT 55,000

MICHIGAN LEAGUE OF CONS VOTERS

340 BEAKES ST
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 6,500

MICH REGIONAL COUNCIL OF CARPENTERS

11687 AMERICAN ST
DETROIT,MI48204 		NONE   PROGRAM SUPPORT 50,000

MIDLAND AREA COMMUNITY FDN

76 ASHMUN CIR
MIDLAND,MI48640 		NONE   PROGRAM SUPPORT 7,000

MIDLAND CENTER FOR THE ARTS

1801 W ST ANDREWS
MIDLAND,MI48640 		NONE   PROGRAM SUPPORT 128,000

MIDLAND SOCCER CLUB

901 SOCCER DR
MIDLAND,MI48642 		NONE   PROGRAM SUPPORT 50,000

NORTH STAR REACH

1200 UNIVERSITY CAMP DR
PINCKNEY,MI48169 		NONE   PROGRAM SUPPORT 40,000

OUR HOUSE

111 S WALLACE BLVD
YPSILANTI,MI48197 		NONE   PROGRAM SUPPORT 2,000

PER SCHOLAS

3031 W GRAND BLVD
DETROIT,MI48202 		NONE   PROGRAM SUPPORT 15,000

PLANNED PARENTHOOD OF MICHIGAN

PO BOX 3673
ANN ARBOR,MI48106 		NONE   PROGRAM SUPPORT 77,000

POPE FRANCIS CENTER

438 ST ANTOINE ST
DETROIT,MI48226 		NONE   PROGRAM SUPPORT 21,668

RIVERSIDE ARTS CENTER

76 N HURON ST
YPSILANTI,MI48197 		NONE   PROGRAM SUPPORT 20,000

ROLLINS COLLEGE

1000 HOLT AVE
WINTER PARK,FL32789 		NONE   PROGRAM SUPPORT 2,000

SACRED BEGINNINGS

339 DIVISION AVE S
GRAND RAPIDS,MI49503 		NONE   PROGRAM SUPPORT 40,000

SAGINAW VALLEY STATE UNIVERSITY

7400 BAY RD
UNIVERSITY CENTER,MI48710 		NONE   PROGRAM SUPPORT 2,000

SCIENCE IS ELEMENTARY

2483 OLD MIDDLEFIELD
MOUNTAIN VIEW,CA94043 		NONE   PROGRAM SUPPORT 14,000

SHELTER ASSOCIATION OF WASHTENAW

312 W HURON
ANN ARBOR,MI48103 		NONE   PROGRAM SUPPORT 27,000

SHIAWASSEE ARTS CENTER

206 CURWOOD CASTLE DR
OWOSSO,MI48867 		NONE   PROGRAM SUPPORT 8,334

ST LOUIS CENTER

16195 W OLD US 12
CHELSEA,MI48118 		NONE   PROGRAM SUPPORT 100,000

STARFISH FAMILY SERVICES

30000 HIVELY
INKSTER,MI48141 		NONE   PROGRAM SUPPORT 27,500

THE BISHOPS SCHOOL

7607 LAJOLLA BLVD
LA JOLLA,CA92037 		NONE   PROGRAM SUPPORT 2,500

THE LEELANAU SCHOOL

1 OLD HOMESTEAD RD
GLEN ARBOR,MI49636 		NONE   PROGRAM SUPPORT 17,500

THE MADE INSTITUTE

PO BOX 310246
FLINT,MI48531 		NONE   PROGRAM SUPPORT 45,000

THE PUBLIC BROADCASTING FDN NW OHIO

PO BOX 30
TOLEDO,OH43614 		NONE   PROGRAM SUPPORT 7,000

TOP OF MICHIGAN TRAILS COUNCIL

1687 M-119
PETOSKEY,MI49770 		NONE   PROGRAM SUPPORT 5,000

TORCH CONSERVATION CENTER

PO BOX 1142
BELLAIRE,MI49615 		NONE   PROGRAM SUPPORT 5,000

THE TREVOR PROJECT

PO BOX 69232
W HOLLYWOOD,CA90069 		NONE   PROGRAM SUPPORT 25,000

UM CLEMENTS LIBRARY

909 S UNIVERSITY
ANN ARBOR,MI48109 		NONE   PROGRAM SUPPORT 2,500

UM BELLEVILLE HIGH SBHC

1000 VICTORS WAY
ANN ARBOR,MI48108 		NONE   PROGRAM SUPPORT 155,400

UM FORD SCHOOL OF PUBLIC POLICY

3003 S STATE ST
ANN ARBOR,MI48109 		NONE   PROGRAM SUPPORT 150,000

UM KELLOGG EYE CENTER

3003 S STATE ST
ANN ARBOR,MI48109 		NONE   PROGRAM SUPPORT 200,000

UNITED WAY OF SE MICHIGAN

2305 PLATT RD
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 5,500

UNIVERSITY MUSICAL SOCIETY

881 N UNIVERSITY AVE
ANN ARBOR,MI48109 		NONE   PROGRAM SUPPORT 25,000

VOLUNTEERS OF AMERICA MICH

21700 NW HWY
SOUTHFIELD,MI48202 		NONE   PROGRAM SUPPORT 15,000

WAVE

12172 JACKSON RD
DEXTER,MI48130 		NONE   PROGRAM SUPPORT 25,000

WAYNE STATE UNIVERSITY WDET

4600 CASS AVE
DETROIT,MI48201 		NONE   PROGRAM SUPPORT 15,000

WEST MIDLAND FAMILY CENTER

4011 W ISABELLA RD
SHEPHERD,MI48883 		NONE   PROGRAM SUPPORT 40,000

WOMENS RESOURCE CTR NORTHERN MI

423 PORTER ST
PETOSKEY,MI49770 		NONE   PROGRAM SUPPORT 12,500

WTVS DETROIT PUBLIC TELEVISION

48305 ALPHA DR
WIXOM,MI48393 		NONE   PROGRAM SUPPORT 7,000

YPSILANTI DISTRICT LIBRARY

5577 WHITTAKER RD
YPSILANTI,MI48197 		NONE   PROGRAM SUPPORT 80,000

YPSILANTI YOUTH ORCHESTRA

13 N WASHINGTON ST
YPSILANTI,MI48197 		NONE   PROGRAM SUPPORT 8,200
Total ................................. 3a 3,811,102
bApproved for future payment

211 NORTHEAST MICHIGAN
2007 AUSTIN ST STE U
MIDLAND,MI48642 		NONE   PROGRAM SUPPORT 100,000

AA HANDS ON MUSEUM & LESLIE SCIENCE
220 E ANN ST
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 50,000

CENTRAL MICHIGAN UNIVERSITY
524 E BELLOWS ST
MT PLEASANT,MI48858 		NONE   PROGRAM SUPPORT 50,000

ENTERPRISE COMMUNITY PARTNERS
11000 BROKEN LAND PKWY
COLUMBIA,MD21044 		NONE   PROGRAM SUPPORT 75,000

FRIENDS OF FIFE LAKE PUBLIC LIBRARY
77 LAKECREST LN
FIFE LAKE,MI49633 		NONE   PROGRAM SUPPORT 35,000

GRAND RAPIDS SYMPHONY
300 OTTAWA DR NW
GRAND RAPIDS,MI49508 		NONE   PROGRAM SUPPORT 50,000

HOME OF NEW VISION
3115 PROFESSIONAL DR
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 25,000

IHN AT ALPHA HOUSE
4290 JACKSON RD
ANN ARBOR,MI48103 		NONE   PROGRAM SUPPORT 400,000

LEELANAU CONSERVANCY
PO BOX 1007
LELAND,MI49654 		NONE   PROGRAM SUPPORT 50,000

LOWERTOWN RIVERFRONT CONSERVANCY
340 BEAKES ST
ANN ARBOR,MI48104 		NONE   PROGRAM SUPPORT 150,000

MANY HANDS LIFESHARING COMM
1032 LOUISE ST
YPSILANTI,MI48197 		NONE   PROGRAM SUPPORT 200,000

MICH ASSOC OF CONSERVATION DIST
PO BOX 477
FLINT,MI48501 		NONE   PROGRAM SUPPORT 80,000

MICH REGIONAL COUNCIL OF CARPENTERS
11687 AMERICAN ST
DETROIT,MI48204 		NONE   PROGRAM SUPPORT 50,000

MIDLAND SOCCER CLUB
901 SOCCER DR
MIDLAND,MI48642 		NONE   PROGRAM SUPPORT 50,000

PLANNED PARENTHOOD OF MICHIGAN
PO BOX 3673
ANN ARBOR,MI48106 		NONE   PROGRAM SUPPORT 50,000

ST LOUIS CENTER
16195 W OLD US 12
CHELSEA,MI48118 		NONE   PROGRAM SUPPORT 100,000

STARFISH FAMILY SERVICES
30000 HIVELY
INKSTER,MI48141 		NONE   PROGRAM SUPPORT 27,500

WAVE
12172 JACKSON RD
DEXTER,MI48130 		NONE   PROGRAM SUPPORT 25,000

WEST MIDLAND FAMILY CENTER
4011 W ISABELLA RD
SHEPHERD,MI48883 		NONE   PROGRAM SUPPORT 40,000
Total ................................. 3b 1,607,500
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 ........... 		    14 141,501  
4 Dividends and interest from securities ....     14 1,836,410  
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 4,145,293  
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) ..   6,123,204  
13Total. Add line 12, columns (b), (d), and (e)..................
13
6,123,204
(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.)
3 FUNDS FOR GRANT MAKING
4 FUNDS FOR GRANT MAKING
8 FUNDS FOR GRANT MAKING
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:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MARY IVERS CPA TAX PREP 4,100     4,100

TY 2025 InvestmentsCorpBondsSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 696,868 697,669

TY 2025 InvestmentsCorpStockSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Name of Stock End of Year Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITIES 32,861,635 65,078,588

TY 2025 InvestmentsGovtObligationsSch
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
US Government Securities - End of Year Book Value:

8,780,641
US Government Securities - End of Year Fair Market Value:

9,107,536
State & Local Government Securities - End of Year Book Value:


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


 


TY 2025 OtherAssetsSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
VANGUARD DIVIDEND IN TRANSIT 5,789 7,615 7,615
OFFICE SECURITY DEPOSIT 800 800 800


TY 2025 OtherExpensesSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INSURANCE EXPENSE 10,920     10,920
COMPUTER EXPENSE 16,730     16,730
OFFICE EXPENSE 781     781
DUES 11,089     11,089
BANK SERVICE CHARGES 886     886
POSTAGE 234     234
TELEPHONE 1,002     1,002
PRINTING & REPRO 1,022     1,022
STATE ANNUAL REPORTING 40     40


TY 2025 OtherProfessionalFeesSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CHARLES SCHWAB INV MGMT FEES 64,399 64,399    
COLUMBIA ASSET INV MGMT FEES 15,000 15,000    
BENNETT & ASSOCIATES CPAS AUDIT 14,000 7,000   7,000
HUNTINGTON BANK INV MGMT FEES 7,164 7,164    


TY 2025 TaxesSchedule
Name:
HARRY A AND MARGARET D TOWSLEY
 
FOUNDATION
EIN:
38-6091798
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 122,974      
PAYROLL TAXES 10,497 1,526   8,971