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
REICHERT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 825 S WAUKEGAN ROAD A8 311
  Room/suite
City or town
LAKE FOREST
State or province
IL
Country  
ZIP or foreign postal code
60045
A Employer identification number

36-3487139
B Telephone number (see instructions)

8476759078
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)$16,099,667J 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 100,722    
4 Dividends and interest from securities... 292,809 0 0
5a Gross rents............      
b Net rental income or (loss) 0
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
77,933
b Gross sales price for all assets on line 6a 2,193,078
7 Capital gain net income (from Part IV, line 2)... 77,933
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 471,464 77,933 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 61,250 0 0 61,250
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... 0 0 0 0
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,916 4,916 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
1,556 1,376 0 180
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 67,722 6,292 0 61,430
25 Contributions, gifts, grants paid....... 774,000 774,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 841,722 6,292 0 835,430
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -370,258
b Net investment income (if negative, enter -0-) 71,641
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......... 2,167,479 1,304,397 1,304,397
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)..... 0 0  
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts   0 0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   0  
b Investments—corporate stock (attach schedule)....... 4,769,370 Click to see attachment
List of Attached Documents:
// Content
5,501,497 		8,883,143
c Investments—corporate bonds (attach schedule)....... 1,567,604 Click to see attachment
List of Attached Documents:
// Content
1,051,569 		1,044,090
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 880,205 Click to see attachment
List of Attached Documents:
// Content
1,007,606 		1,036,559
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)     0  
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
3,093,357 		Click to see attachment
List of Attached Documents:
// Content
3,242,688 		Click to see attachment
List of Attached Documents:
// Content
3,831,478
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,478,015 12,107,757 16,099,667
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe ) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
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........... 12,478,015 12,107,757
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    
29 Total net assets or fund balances (see instructions)..... 12,478,015 12,107,757
30 Total liabilities and net assets/fund balances (see instructions). 12,478,015 12,107,757
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
12,478,015
2
Enter amount from Part I, line 27a .....................
2
-370,258
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
12,107,757
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
12,107,757
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 Public Traded Securities      
b Public Traded Securities      
c Public Traded Securities      
d Public Traded Securities      
e Public Traded Securities      
Public Traded Securities      
(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 284,025 0 277,576 6,449
b 282,367 0 320,459 -38,092
c 273,669 0 205,845 67,824
d 750,355 0 757,638 -7,283
e 208,404 0 206,363 2,041
394,258 0 347,264 46,994
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 0 0   6,449
b 0     -38,092
c       67,824
d       -7,283
e 0     2,041
      46,994
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 77,933
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) 1 996
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........................... 3 996
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- ..... 5 996
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 996
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 tax0 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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
IL
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 addresswww.thereichertfoundation. org
14
The books are in care ofSusan Milanak Telephone no. (847) 302-9078

Located at580 Douglas DrLake ForestIL ZIP+460045
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
 
No
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
Susan MilanakClick to see attachment
List of Attached Documents:
// Content
Executive Director
2.00 		35,000 0 0
1365 Sandy Lane
Vero BEach,FL32963
John ReichertClick to see attachment
List of Attached Documents:
// Content
Director
0.00 		5,250 0 0
101 W Foxglove Lane
Eagle,CO81631
Drew BrooksClick to see attachment
List of Attached Documents:
// Content
Director
0.00 		5,250 0 0
W261 N2641 Deerhaven Dr
Pewaukee,WI53072
Terri ReichertClick to see attachment
List of Attached Documents:
// Content
Director
0.00 		5,250 0 0
101 W Foxglove Lane
Eagle,CO81631
Jack MilanakClick to see attachment
List of Attached Documents:
// Content
Director
0.00 		5,250 0 0
580 Douglas Dr
Lake Forest,IL60045
Spencer MilanakClick to see attachment
List of Attached Documents:
// Content
Director
0.00 		52,500 0 0
580 Douglas Dr
Lake Forest,IL60045
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  
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
15,617,104
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
15,617,104
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
15,617,104
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
234,257
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
15,382,847
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
769,142
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
769,142
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
996
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
996
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
768,146
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
768,146
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
768,146
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
835,430
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) Click to see attachment
List of Attached Documents:
// Content
.................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
835,430
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 7 768,146
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024...... 35,939
f Total of lines 3a through e ........ 35,939
4Qualifying distributions for 2025 from Part
XI, line 4: $ 835,430
a Applied to 2024, but not more than line 2a  
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.....  
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 35,939
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		768,146
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 ...... 		35,939
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 .... 35,939
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).)
none
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.
none
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

American Lung Cancer Association

55 W Wacker Dr
Chicago,IL60601 		No Relationship   General Operations 12,000

American Red Cross

2200 W Harrison st
Chicago,IL60612 		No Relationship   General Operations 25,000

Arnold Palmer Medical Center Foundation

3160 Southgate Commerce Blvd
Orlando,FL32806 		No Relationship   General Operating Purposes 70,000

Boys and Girls clubs

1801 Sheridan Road
North Chicago,IL60064 		No Relationship   General Operating Purposes 9,000

Christian Outreach of Lutherans

800 W Glen Flora Ave
Waukegan,IL60085 		No Relationship   General Operating Purposes 10,000

Cystic Fibrosis Foundation

400 S Colorado Blvd
Denver,CO80246 		No Relationship   General Operations 20,000

Faraja School

8919 Park Road
Charlotte,NC28210 		No Relationship   Help for disabled children 7,500

First Presbyterian Work Trip Fund

700 N Sheridan Road
Lake Forest,IL60045 		No Relationship   Work Trip 5,000

First Presbyterian Church of Lake Forest

700 N Sheridan Road
Lake Forest,IL60045 		No Relationship   General Operations 12,500

habitat for Humanity Lake County IL

315 N Martin Luther King Jr Ave
Waukegan,IL60085 		No Relationship   General Operations 25,000

Habitat for humanity Eagle Colorado

P O Box 4149
Avon,CO81620 		No Relationship   General Operating purposes 15,000

Cove School

350 Lee Road
Northbrook,IL60062 		No Relationship   General Operations 20,000

Gorton Community Center

400 E Illinois Road
Lake Forest,IL60045 		No Relationship   Ganeral Operations 5,000

Greenfield Avenue Presbyterian Church

1455 S 97th St
Milwaukee,WI53214 		No Relationship   General Operations 7,500

Lake Forest Senior Center

100 E Old Mill Road
Lake Forest,IL60045 		No Relationship   General Operations 5,000

Little Star Foundation

256 Rancho Milagro Way
Hesperus,CO81326 		No Relationship   General Operations 7,500

McCormick Theological Seminary

5460 S University Ave
Chicago,IL60615 		No Relationship   General Operations 2,500

Job Works MKE

P O Box 12360
Milwaukee,WI53213 		No Relationship   General Operations 5,000

Northwestern Lake Forest Hospital Lake Forest IL

541 N Fairbanks Court
Chicago,IL60611 		No Relationship   General Operations 15,000

Orlando Rescue Mission

1521 W Washington St
Orlando,FL32805 		No Relationship   General Operations 7,500

Reading Power

736 N Western Ave
Lake Forest,IL60045 		No Relationship   General Operations 7,500

Solution Center formerly Bethany house

39 North Sophia St
Fond du lac,WI54935 		No Relationship   General Operations 10,000

The Night Ministry

4711 N Ravenswood Ave
Chicago,IL60640 		No Relationship   Homelessness 5,000

The Cradle

2049 Ridge Ave
Evanston,IL60201 		No Relationship   Nursery 17,000

The Harbour

1440 Renaissance Drive
Park Ridge,IL60068 		No Relationship   General Operations 7,500

The Lake County Haven

P O Box 127
Libertyville,IL60048 		No Relationship   General Operations 12,000

American Heart Association

208 South LaSalle St
Chicago,IL60604 		No Relationship   General Operations 12,000

ALS Foundation

300 Technology Square
Cambridge,MA02139 		No Relationship   General Operations 5,000

Chicago Food Depository Chicago IL

4100 West Ann Luie Place
Chicago,IL60632 		No Relationship   General Operations 20,000

Lake County Pads Program Libertyville IL

1800 Grand Ave
Waukegan,IL60085 		No Relationship   General Operations 10,000

Safehouse of Denver

1659 Downing St
Denver,CO80218 		No Relationship   General Operations 7,500

Chicago Coalition for the Homeless

70 E Lake St
Chicago,IL60601 		No Relationship   General Operating Purposes 7,500

Habitat for Humanity Indian River County

4580 N US Highway 1
Vero Beah,FL32967 		No Relationship   Home building 5,000

Salvation Army

40780 US HWY 6
Avon,CO81620 		No Relationship   general operations 15,000

Prison Fellowship Ministries Washington DC

P O Box 1550
Merrifield,VA22116 		No Relationship   Prison ministry 15,000

Habitat Waukesha

1 World Ave
Little Rock,AR72202 		No Relationship   General Operations 10,000

Carroll University

100 N East Ave
Waukesha,WI53186 		No Relationship   Scholarships 50,000

The Lambs

14245 West Rockland Rd
Libertyville,IL60048 		No Relationship   General Operations 62,000

Paws for Patrick

Sheridan Road
Lake Forest,IL60045 		No Relationship   General Operations 30,000

University of Wisc Milwuakee

3203 N Downer Ave
Milwaukee,WI53211 		No Relationship   Scholarships 25,000

Emily Brooks Foundation

W261 N2641 Deerhaven Dr
Pewaukee,WI53072 		No Relationship   Scholarship 25,000

International Bowling Museum

621 Six Flags Dr
Arlington,TX76011 		No Relationship   Jack Reichert Library 25,000

PanCan

1500 Rosecrans Ave
Manhattan Beach,CA90266 		No Relationship   General Operations 12,000

A Safe Place

2710 17th St suie 100
Zion,IL60099 		No Relationship   General Operating purposes 74,000

Independence Center

2025 Washington St
Waukegan,ID60085 		No Relationship   General Operations 10,000

The Center for Enriched Living

280 Sunders Road
Riverwoods,IL60015 		No Relationship   General Operations 5,000

Alzheimers Foundation

8430 West Brynn Mawr
Chicago,IL60631 		No Relationship   General Operations 4,000
Total ................................. 3a 774,000
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     0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
f     0   0 0
    0   0 0
gFees and contracts from government agencies          
2 Membership dues and assessments ....   0   0 0
3 Interest on savings and temporary cash
investments ........... 		  0   0 0
4 Dividends and interest from securities ....   0   0 0
5 Net rental income or (loss) from real estate:
aDebt-financed property......   0   0 0
bNot debt-financed property.....   0   0 0
6 Net rental income or (loss) from personal property   0   0 0
7 Other investment income .....   0   0 0
8 Gain or (loss) from sales of assets other than
inventory ............ 		  0   0 0
9 Net income or (loss) from special events:   0   0 0
10 Gross profit or (loss) from sales of inventory   0   0 0
11 Other revenue:
a   		  0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
12 Subtotal. Add columns (b), (d), and (e) .. 0 0 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
0
(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: 25022704
Software Version: V2.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 InvestmentsCorpBondsSchedule
Name:
REICHERT FOUNDATION
EIN:
36-3487139
Software ID:
25022704
Software Version:
V2.0
Name of Bond End of Year Book Value End of Year Fair Market Value
US Treasury Bill 0 0
Northampton Muni 0 0
Frisco TX 0 0
US Treasury 08/15/22025 0 0
US Treasury 0 0
Chicago Brd Educ 0 0
Apple Inc. Note 95,046 84,726
Us Treasury Note 176,520 180,513
Yorkville 73,000 73,067
Alton, IL 100,000 100,050
Lake Cnty HS 115 46,427 45,507
Kohler WI 40,268 40,040
Lake Forest, IL GO 100,000 100,017
Whitewater WI 60,308 60,036
Lake Cnty High School 115 100,000 100,000
Kohler WI 100,000 100,061
Kohler Matures 6/01/32 160,000 160,073

TY 2025 InvestmentsCorpStockSchedule
Name:
REICHERT FOUNDATION
EIN:
36-3487139
Software ID:
25022704
Software Version:
V2.0
Name of Stock End of Year Book Value End of Year Fair Market Value
Albemarle Corp 0 0
Warner Bros 0 0
Abbvie 20,700 68,547
Altria 24,832 28,830
American Express 10,063 22,197
AT&T 41,895 38,254
British American Tobacco 25,021 36,973
Chevron 10,913 15,241
Coca Cola 9,345 13,982
Exxon Mobil 16,857 22,383
HCA Healthcare 6,096 23,343
Intel Corp 17,864 36,900
IBM 15,714 29,621
JPMorgan Chase 9,935 32,222
Lockheed Martin 19,036 48,367
Merck 11,958 21,052
Microsoft 22,623 386,896
Pfizer 9,300 7,470
Salesforce. com Inc 8,423 29,140
Verizon 9,399 8,146
Xylem 0 0
ulta 27,868 30,250
Zachs Account Individual Stocks 3,970,603 6,390,522
UMA Equities 1,188,032 1,566,019
Colgate Palmolive 25,020 26,788

TY 2025 InvestmentsOtherSchedule2
Name:
REICHERT FOUNDATION
EIN:
36-3487139
Software ID:
25022704
Software Version:
V2.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Apollo BDC AT COST 325,073 337,986
Pomona Investment Fund A Private Equity AT COST 141,792 153,395
Amg Pantheon Fund LLC AT COST 127,513 163,517
Evolution Tech Fund III CPV and DPV AT COST 0 0
Evolution Tech Fund III AT COST 311,381 280,380
Primary Wave AT COST 101,847 101,281

TY 2025 OtherAssetsSchedule
Name:
REICHERT FOUNDATION
EIN:
36-3487139
Software ID:
25022704
Software Version:
V2.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Ishares TIPS Bond Fund 57,753 0 0
First Trust Digital Transactions 13,812 0 0
First Trust Dorsey Wright Focus 5 97,959 97,959 314,599
First Trust global Commodity 51,100 51,100 49,460
First Trust Low Duration ETF 203,440 203,181 199,960
First trust Index Digital 13,813 13,813 29,749
First Trust North American Energy 43,257 43,257 73,847
Invesco Buyback Achievers 35,876 35,876 134,320
Invesco S&P 500 Equal Weight 99,414 99,414 137,923
Ishares Small Cap 70,427 70,427 120,180
Ishares S&P MidCap 55,278 55,278 165,000
I Shares S&P 600 ETF 73,332 73,332 127,044
Ishares small Cap Value 51,070 51,070 56,860
Vanguard Emerging Markets 67,152 67,152 86,016
Vanguard High Yield Dividend 105,435 105,435 143,520
Capital Group Multi sector Income 0 250,008 248,220
American EuroPacific Growth 259,860 292,535 262,875
American High Income 183,246 195,267 190,813
FPA New Income 120,533 125,462 127,430
Franklin Income Fund 155,080 164,857 175,560
Gabelli ABC Advisor 243,926 255,726 267,744
MFS Value 191,570 209,198 200,429
Nuveen Emerging MArket Debt 125,951 132,859 123,622
Nuveen Preferred Sec 283,874 301,042 310,277
PIMCO Inv. Grade Bond 67,980 70,599 63,306
Vanguard GNMA 104,597 108,058 97,776
Wasatch small Gap Growth 117,367 169,783 124,948
MM Fund 200,255 0 0


TY 2025 OtherExpensesSchedule
Name:
REICHERT FOUNDATION
EIN:
36-3487139
Software ID:
25022704
Software Version:
V2.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Insurance 750 750 0 0
Website and go daddy 626 626 0 0
Safe deposit box fee 180 0 0 180


TY 2025 TaxesSchedule
Name:
REICHERT FOUNDATION
EIN:
36-3487139
Software ID:
25022704
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal tax 4,916 4,916 0 0