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
Herr Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address) 7004 E 600 S
  Room/suite
City or town
Morristown
State or province
IN
Country  
ZIP or foreign postal code
46161
A Employer identification number

35-2016101
B Telephone number (see instructions)

3174326557
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)$3,155,007J 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      
4 Dividends and interest from securities... 39,358 39,358  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
176,613
b Gross sales price for all assets on line 6a 952,310
7 Capital gain net income (from Part IV, line 2)... 119,135
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........ 215,971 158,493  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
32,168 32,168    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,662 2,662    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 34,830 34,830   0
25 Contributions, gifts, grants paid....... 185,000 185,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 219,830 34,830   185,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,859
b Net investment income (if negative, enter -0-) 123,663
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 8,272 21,972 21,972
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,279,266 Click to see attachment
List of Attached Documents:
// Content
1,269,661 		2,792,916
c Investments—corporate bonds (attach schedule)....... 358,215 Click to see attachment
List of Attached Documents:
// Content
339,733 		340,119
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,645,753 1,631,366 3,155,007
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 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,645,753 1,631,366
29 Total net assets or fund balances (see instructions)..... 1,645,753 1,631,366
30 Total liabilities and net assets/fund balances (see instructions). 1,645,753 1,631,366
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
1,645,753
2
Enter amount from Part I, line 27a .....................
2
-3,859
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,641,894
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
10,528
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,631,366
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 ADOBE SYS INC COM P 2017-08-22 2025-03-26
b ADOBE SYS INC COM P 2022-08-11 2025-03-26
c ADOBE SYS INC COM P 2023-07-27 2025-03-26
d ALPHABET INC CL A P 2015-01-26 2025-01-24
e ALPHABET INC CL A P 2023-08-16 2025-12-15
AMAZON COM INC COM P 2018-11-02 2025-05-07
AMAZON COM INC COM P 2021-08-18 2025-12-15
APPLE INC COM P 2013-04-24 2025-05-07
APPLE INC COM P 2023-08-16 2025-12-15
APPLE INC COM P 2024-06-05 2025-12-15
ARGAN INC COM P 2024-09-30 2025-12-15
ARGAN INC COM P 2024-09-30 2025-05-07
BOOKING HLDGS INC COM P 2024-06-05 2025-12-15
BOSTON SCIENTIFIC CORP COM P 2023-11-30 2025-05-07
BOSTON SCIENTIFIC CORP COM P 2023-11-30 2025-12-15
BROADCOM INC COM P 2023-07-27 2025-01-24
BWX TECHNOLOGIES INC COM P 2024-06-05 2025-07-31
BWX TECHNOLOGIES INC COM P 2024-06-05 2025-12-15
BWX TECHNOLOGIES INC COM P 2024-06-05 2025-05-07
CHURCHILL DOWNS INC COM P 2018-03-14 2025-12-15
CHURCHILL DOWNS INC COM P 2018-03-14 2025-05-07
COSTCO WHSL CORP NEW COM P 2022-04-22 2025-05-07
D R HORTON INC COM P 2022-12-02 2025-05-07
D R HORTON INC COM P 2023-08-16 2025-12-15
DISNEY WALT CO DISNEY COM P 2025-05-09 2025-12-15
EQT CORP COM P 2025-03-27 2025-12-15
EQT CORP COM P 2025-03-27 2025-05-07
EXXON MOBIL CORP COM P 2021-06-16 2025-05-07
EXXON MOBIL CORP COM P 2024-06-05 2025-12-15
FEDERAL FARM CR P 2024-03-19 2025-10-20
FEDERAL FARM CR P 2025-09-08 2025-10-03
FEDERAL FARM CR P 2025-03-28 2025-07-21
FEDERAL FARM CR P 2024-02-29 2025-08-28
FEDERAL FARM CR P 2025-10-14 2025-12-24
FEDERAL FARM CR P 2025-09-15 2025-12-04
FEDERAL FARM CR P 2025-08-11 2025-10-17
FEDERAL FARM CR P 2024-11-13 2025-11-10
FEDERAL FARM CR P 2025-05-30 2025-08-26
FEDERAL FARM CR P 2025-09-11 2025-12-11
FEDERAL FARM CR P 2024-02-22 2025-05-27
FEDERAL FARM CR P 2024-03-05 2025-08-20
FEDERAL FARM CR P 2025-06-04 2025-08-20
FERRARI N V SHS ISINNL0011585146 P 2019-10-16 2025-12-15
FERRARI N V SHS ISINNL0011585146 P 2023-08-16 2025-12-15
FIFTH THIRD BANCORP COM P 2024-11-14 2025-12-15
FIFTH THIRD BANCORP COM P 2024-11-14 2025-01-24
GARTNER INC COM P 2023-07-27 2025-04-24
GE VERNOVA INC COM P 2024-09-30 2025-12-15
GE VERNOVA INC COM P 2024-09-30 2025-05-07
GENERAL ELEC CO COM NEW P 2024-09-30 2025-12-15
GENERAL ELEC CO COM NEW P 2024-09-30 2025-05-07
HOWMET AEROSPACE INC COM P 2023-07-27 2025-12-15
HOWMET AEROSPACE INC COM P 2023-07-27 2025-05-07
INTERCONTINENTAL EXCHANGE INC COM P 2017-08-22 2025-09-18
INTERCONTINENTAL EXCHANGE INC COM P 2017-08-22 2025-05-07
INTERCONTINENTAL EXCHANGE INC COM P 2024-06-05 2025-09-18
INTUITIVE SURGICAL INC COM NEW P 2018-09-13 2025-09-25
INTUITIVE SURGICAL INC COM NEW P 2018-09-13 2025-12-15
INTUITIVE SURGICAL INC COM NEW P 2018-09-13 2025-05-07
INTUITIVE SURGICAL INC COM NEW P 2023-08-16 2025-09-25
INTUITIVE SURGICAL INC COM NEW P 2024-06-05 2025-09-25
JPMORGAN CHASE CO COM P 2023-07-27 2025-05-07
JPMORGAN CHASE CO COM P 2023-07-27 2025-12-15
KEYCORP NEW COM P 2024-10-07 2025-12-15
KEYCORP NEW COM P 2024-10-07 2025-01-24
KRATOS DEFENSE P 2025-09-18 2025-12-15
LILLY ELI CO COM P 2019-06-05 2025-01-24
LILLY ELI CO COM P 2023-08-16 2025-12-15
LILLY ELI CO COM P 2023-08-16 2025-12-15
LILLY ELI CO COM P 2024-06-05 2025-12-15
LINCOLN ELEC HLDGS INC COM P 2023-07-27 2025-05-07
LINCOLN ELEC HLDGS INC COM P 2023-07-27 2025-07-31
LINCOLN ELEC HLDGS INC COM P 2023-09-21 2025-07-31
LVMH MOET HENNESSY LOUIS VUITTON ADR ISINUS5024413065 P 2018-05-15 2025-01-24
LVMH MOET HENNESSY LOUIS VUITTON ADR ISINUS5024413065 P 2018-05-15 2025-07-24
LVMH MOET HENNESSY LOUIS VUITTON ADR ISINUS5024413065 P 2019-10-16 2025-07-24
MT BK CORP COM P 2024-11-14 2025-01-24
MT BK CORP COM P 2024-11-14 2025-12-15
MARTIN MARIETTA MATLS INC COM P 2020-08-13 2025-05-07
MARTIN MARIETTA MATLS INC COM P 2023-11-17 2025-12-15
(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 23,881   9,121 14,760
b 6,368   6,976 -608
c 1,990   2,607 -617
d 2,197   296 1,901
e 4,927   2,068 2,859
2,066   916 1,150
2,676   1,931 745
2,179   160 2,019
1,639   1,067 572
1,639   1,174 465
1,596   503 1,093
2,142   1,308 834
5,466   3,782 1,684
837   446 391
1,289   780 509
979   361 618
7,331   4,272 3,059
1,737   890 847
647   534 113
941   361 580
185   90 95
1,009   576 433
490   344 146
1,091   880 211
221   210 11
1,203   1,152 51
213   209 4
314   208 106
1,056   1,010 46
30,000   29,135 865
50,000   50,007 -7
20,000   19,998 2
50,000   50,000  
25,000   25,003 -3
25,000   25,009 -9
25,000   24,995 5
25,000   25,000  
25,000   24,990 10
50,000   49,998 2
50,000   50,000  
30,000   29,985 15
25,000   24,999 1
368   160 208
1,839   1,578 261
1,247   1,231 16
930   994 -64
20,777   17,781 2,996
2,735   1,014 1,721
1,198   761 437
3,037   1,876 1,161
837   751 86
1,381   351 1,030
310   100 210
52,547   20,070 32,477
526   196 330
1,198   935 263
13,147   5,574 7,573
2,235   743 1,492
2,672   929 1,743
7,012   4,873 2,139
15,339   14,365 974
1,250   789 461
2,565   1,263 1,302
2,273   1,861 412
3,042   2,850 192
449   481 -32
3,136   469 2,667
7,427   3,841 3,586
8,290   4,389 3,901
7,253   5,761 1,492
182   195 -13
28,831   23,607 5,224
5,957   4,468 1,489
1,083   494 589
14,979   9,596 5,383
7,049   5,371 1,678
1,792   1,916 -124
2,047   2,129 -82
538   219 319
2,528   1,848 680
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       14,760
b       -608
c       -617
d       1,901
e       2,859
      1,150
      745
      2,019
      572
      465
      1,093
      834
      1,684
      391
      509
      618
      3,059
      847
      113
      580
      95
      433
      146
      211
      11
      51
      4
      106
      46
      865
      -7
      2
       
      -3
      -9
      5
       
      10
      2
       
      15
      1
      208
      261
      16
      -64
      2,996
      1,721
      437
      1,161
      86
      1,030
      210
      32,477
      330
      263
      7,573
      1,492
      1,743
      2,139
      974
      461
      1,302
      412
      192
      -32
      2,667
      3,586
      3,901
      1,492
      -13
      5,224
      1,489
      589
      5,383
      1,678
      -124
      -82
      319
      680
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 2 119,135
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 1,509
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 1,719
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 1,719
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 1,719
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 2,100
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.............. Part VI Line 7 - Tax Paid with the Original Return: 2100 7 2,100
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 75
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... 10 306
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax306 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
 
 
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
 
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
 
No
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)
IN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofAudrey Williams Telephone no. (317) 432-6557

Located at7004 E 600 SMorristownIN ZIP+446161
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
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
Audrey WilliamsClick to see attachment
List of Attached Documents:
// Content
President
001.00 		0    
7004 E 600 S
Morristown,IN46161
Linda DisonClick to see attachment
List of Attached Documents:
// Content
V President
001.00 		0    
7004 E 600 S
Morristown,IN46161
Robert WilliamsClick to see attachment
List of Attached Documents:
// Content
Officer
001.00 		0    
7004 E 600 S
Morristown,IN46161
Emily WilliamsClick to see attachment
List of Attached Documents:
// Content
Officer
001.00 		0    
7004 E 600 S
Morristown,IN46161
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 None 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 None  
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
3,009,707
b
Average of monthly cash balances.......................
1b
58,581
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
3,068,288
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
3,068,288
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
46,024
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,022,264
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
151,113
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
151,113
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
1,719
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,719
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
149,394
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
149,394
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
149,394
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) Click to see attachment
List of Attached Documents:
// Content
..........
1a
185,000
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
185,000
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 7 149,394
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 71,524
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: $ 185,000
a Applied to 2024, but not more than line 2a 71,524
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..... 113,476
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 .......... 		35,918
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 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

Wheeler Mission

205 East New York St
Indianapolis,IN46204 		None   General 25,000

Gleaners

3737 Waldemere Ave
Indianapolis,IN46241 		None   General 25,000

Fight for Life

1300 E 86th St
Indianapolis,IN46240 		None   General 25,000

Habitat for Humanity

1011 E 22nd Street
Indianapolis,IN46202 		None   General 15,000

Shepherd Community Center

1121 Southeastern Ave
Indianapolis,IN46202 		None   General 15,000

Humane Society

7929 N Michigan Rd
Indianapolis,IN46268 		None   General 15,000

The Julian Center

2011 N Meridian St
Indianapolis,IN46202 		None   General 15,000

Riley Childrens Foundation

30 S Meridian St
Indianapolis,IN46204 		None   General 15,000

Second Helpings

40 W Washington
Indianapolis,IN46204 		None   General 25,000

K9 Castaway Rescure

10879 N 200 W
Fountaintown,IN46130 		None   General 10,000
Total ................................. 3a 185,000
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
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 39,358  
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 ............ 		    18 176,613  
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) ..   215,971  
13Total. Add line 12, columns (b), (d), and (e)..................
13
215,971
(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: 25022248
Software Version: 25.0.1.0
Part V Line 7 - Tax Paid with the Original Return: 2,100


Form 990PF - Special Condition Description:
Special Condition Description

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

TY 2025 GainLossSaleOtherAssetsSch
Name:
Herr Family Foundation
EIN:
35-2016101
Software ID:
25022248
Software Version:
25.0.1.0
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
MASTERCARD INC CL A 2017-09   2025-12   1,708 414     1,294  
MASTERCARD INC CL A 2017-09   2025-05   1,121 276     845  
MERCADOLIBRE INC COM 2024-05   2025-01   1,856 1,737     119  
META PLATFORMS INC CL A 2023-07   2025-01   3,253 1,603     1,650  
META PLATFORMS INC CL A 2023-11   2025-12   4,559 2,346     2,213  
MICROSOFT CORP COM 2013-04   2025-01   1,332 87     1,245  
MICROSOFT CORP COM 2013-04   2025-05   2,169 145     2,024  
MICROSOFT CORP COM 2023-08   2025-12   3,790 2,585     1,205  
MICROSOFT CORP COM 2024-06   2025-12   1,421 1,255     166  
MONOLITHIC PWR SYS INC COM 2022-12   2025-12   1,907 755     1,152  
MONOLITHIC PWR SYS INC COM 2022-12   2025-05   623 378     245  
MOTOROLA SOLUTIONS INC COM NEW 2023-07   2025-01   960 587     373  
MOTOROLA SOLUTIONS INC COM NEW 2023-07   2025-12   729 587     142  
NETFLIX INC COM 2022-12   2025-05   1,142 305     837  
NETFLIX INC COM 2023-08   2025-12   2,439 1,093     1,346  
O REILLY AUTOMOTIVE INC NEW COM 2023-08   2025-12   667 448     219  
O REILLY AUTOMOTIVE INC NEW COM 2024-06   2025-12   1,429 968     461  
OWENS CORNING NEW COM 2024-09   2025-05   18,931 24,389     -5,458  
OWENS CORNING NEW COM 2024-09   2025-05   136 175     -39  
PALANTIR TECHNOLOGIES INC CL A 2025-03   2025-12   4,095 1,799     2,296  
PALANTIR TECHNOLOGIES INC CL A 2025-03   2025-05   445 327     118  
RTX CORP COM 2023-01   2025-12   1,450 800     650  
RTX CORP COM 2023-01   2025-05   511 400     111  
SERVICENOW INC COM 2023-07   2025-03   27,776 19,194     8,582  
SERVICENOW INC COM 2023-07   2025-01   1,130 565     565  
SERVICENOW INC COM 2023-08   2025-03   1,634 1,118     516  
STATE BK INDIA NEW YORK N Y CTF DEP 2.000 01/22/25 B/E DTD 01/22/20 MAT 2020-11   2025-01   40,000 40,000        
UNION PAC CORP COM 2017-12   2025-07   25,069 14,621     10,448  
UNION PAC CORP COM 2017-12   2025-05   214 129     85  
UNION PAC CORP COM 2023-07   2025-07   2,884 3,030     -146  
UNITED RENTALS INC COM 2025-07   2025-12   1,624 1,768     -144  
UNITEDHEALTH GROUP INC COM 2016-11   2025-05   12,156 4,477     7,679  
UNITEDHEALTH GROUP INC COM 2016-11   2025-05   391 140     251  
UNITEDHEALTH GROUP INC COM 2017-10   2025-05   10,257 5,330     4,927  
UNITEDHEALTH GROUP INC COM 2018-11   2025-05   3,799 2,616     1,183  
UNITEDHEALTH GROUP INC COM 2019-10   2025-05   18,234 11,480     6,754  
UNITEDHEALTH GROUP INC COM 2022-02   2025-05   2,279 2,844     -565  
UNITEDHEALTH GROUP INC COM 2024-06   2025-05   2,279 3,025     -746  
URANIUM ENERGY CORP COM 2025-07   2025-12   2,317 1,606     711  
VISTRA CORP COM 2023-11   2025-12   3,212 662     2,550  
VISTRA CORP COM 2023-11   2025-05   1,110 279     831  
VISTRA CORP COM 2023-11   2025-01   957 174     783  

TY 2025 InvestmentsCorpBondsSchedule
Name:
Herr Family Foundation
EIN:
35-2016101
Software ID:
25022248
Software Version:
25.0.1.0
Name of Bond End of Year Book Value End of Year Fair Market Value
Pershing Investments 339,733 340,119

TY 2025 InvestmentsCorpStockSchedule
Name:
Herr Family Foundation
EIN:
35-2016101
Software ID:
25022248
Software Version:
25.0.1.0
Name of Stock End of Year Book Value End of Year Fair Market Value
Pershingsl Investment 1,269,661 2,792,916

TY 2025 OtherDecreasesSchedule
Name:
Herr Family Foundation
EIN:
35-2016101
Software ID:
25022248
Software Version:
25.0.1.0
Description Amount
Decrease in market value 10,528


TY 2025 OtherProfessionalFeesSchedule
Name:
Herr Family Foundation
EIN:
35-2016101
Software ID:
25022248
Software Version:
25.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Sapient Investment mgmt fees 17,168 17,168    
Accounting and tax 15,000 15,000    


TY 2025 TaxesSchedule
Name:
Herr Family Foundation
EIN:
35-2016101
Software ID:
25022248
Software Version:
25.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign tax withheld 176 176    
Federal tax 2,486 2,486