SHAW WALKER FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: SHAW WALKER FOUNDATION (EIN 38-3125893)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-05-08
IRS object ID: 202541289349100634
Schema version: 2024v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
All Oth Prog Rltd Investments Sch
Depreciation Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-05-08T12:08:20-04:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BDO USA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	200 OTTAWA AVE NW STE 300	AddressLine1Txt
City	GRAND RAPIDS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49503	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	383125893	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE SHAW & BETTY WALKER FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% STEPHANIE MORRALL	InCareOfNm
Business Name Control	SHAW	BusinessNameControlTxt
Phone	2317445294	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 5100	AddressLine1Txt
City	NORTH MUSKEGON	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49445	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	STEPHANIE MORRALL	PersonNm
Person Title	SECRETARY	PersonTitleTxt
Phone	2317445294	PhoneNum
Signature	2025-05-05	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jennifer Holder	PreparerPersonNm
PTIN	P01069327	PTIN
Phone	6167747000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$26,830,025	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$0	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$17,395	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$17,395	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$431,961	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$411,013	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$1,406,697	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$5,103,390	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$1,410,834	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	-$142	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	-$142	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$1,855,911	TotalRevAndExpnssAmt
Total Net Invst Incm	$1,839,100	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$37,914	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$18,957	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm	$0	CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$18,957	CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$5,502	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$2,751	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$0	AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps	$2,751	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$295,302	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$295,302	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm	$0	OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl	$0	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$45,548	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$20,098	TaxesNetInvstIncmAmt
Taxes Adj Net Incm	$0	TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl	$1,450	TaxesDsbrsChrtblAmt
Occupancy Rev And Expnss	$15,452	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$7,726	OccupancyNetInvstIncmAmt
Occupancy Adj Net Incm	$0	OccupancyAdjNetIncmAmt
Occupancy Dsbrs Chrtbl	$7,726	OccupancyDsbrsChrtblAmt
Other Expenses Rev And Expnss	$3,951	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$1,936	OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm	$0	OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl	$1,975	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$403,669	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$346,770	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$0	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$32,859	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,290,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,290,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,693,669	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$346,770	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$0	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$1,322,859	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$162,242	ExcessRevenueOverExpensesAmt
Net Investment Income	$1,492,330	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$471,208	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$426,322	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$426,322	SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY	$1,246,408	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$1,176,326	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$1,107,216	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$17,768,338	CorporateStockBOYAmt
Corporate Stock EOY	$17,944,025	CorporateStockEOYAmt
Corporate Stock EOYFMV	$24,778,841	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$450,894	CorporateBondsBOYAmt
Corporate Bonds EOY	$535,116	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$502,401	CorporateBondsEOYFMVAmt
Other Investments EOYFMV	$15,245	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$19,936,848	TotalAssetsBOYAmt
Total Assets EOY	$20,081,789	TotalAssetsEOYAmt
Total Assets EOYFMV	$26,830,025	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$19,936,848	RetainedEarningBOYAmt
Retained Earning EOY	$20,081,789	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$19,936,848	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$20,081,789	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$19,936,848	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$20,081,789	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$19,936,848	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$162,242	ExcessRevenueOverExpensesAmt
Other Increases	-$17,301	OtherIncreasesAmt
Subtotal	$20,081,789	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$20,081,789	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDesc	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
ML #04135 PUBLICLY TRADED SECURITIES	$440,260	$437,597	$2,663	$2,663
ML #04135 PUBLICLY TRADED SECURITIES	$4,244,989	$2,821,507	$1,423,656	$1,423,482
ML #04140 PUBLICLY TRADED SECURITIES	$24,320	$23,879	$434	$441
ML #04140 PUBLICLY TRADED SECURITIES	$393,821	$408,094	-$15,919	-$14,273

Field	Value	IRS element (for citing)
Capital Gain Net Income	$1,410,834	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$20,743	InvestmentIncomeExciseTaxAmt
Subtotal	$20,743	SubtotalAmt
Tax Based On Investment Income	$20,743	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$24,244	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits	$24,244	TotalPaymentsAndCreditsAmt
Overpayment	$3,501	OverpaymentAmt
Applied To ES Tax	$3,501	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	MI	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	STEPHANIE MORRALL	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2317445294	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	483 RUDDIMAN DRIVE	AddressLine1Txt
City	NORTH MUSKEGON	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	494452782	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (true)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
STEPHANIE MORRALL
PO BOX 5100	NORTH MUSKEGON	MI	49445	SECRETARY	22.5	$37,914	$0	$0
BETTY WALKER
PO BOX 5100	NORTH MUSKEGON	MI	49445	VICE PRESIDENT/DIRECTOR	1.0	$0	$0	$0
SHAW WALKER JR
PO BOX 5100	NORTH MUSKEGON	MI	49445	PRESIDENT/TREASURER/DIRECTOR	1.0	$0	$0	$0
FRED GUENTHER
PO BOX 5100	NORTH MUSKEGON	MI	49445	DIRECTOR	1.0	$0	$0	$0
BRUCE WALKER
PO BOX 5100	NORTH MUSKEGON	MI	49445	TREASURER	1.0	$0	$0	$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MERRILL LYNCH	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	200 PARK AVENUE 13TH FLOOR	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10166	ZIPCd

Field	Value	IRS element (for citing)
Service Type	INVESTMENT MGMT	ServiceTypeTxt
Compensation	$295,302	CompensationAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	NONE	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$26,191,516	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$624,034	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$26,815,550	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$26,815,550	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$402,233	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$26,413,317	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,320,666	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,320,666	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$20,743	TaxBasedOnInvestmentIncomeAmt
Total Tax	$20,743	TotalTaxAmt
Distributable Before Adj	$1,299,923	DistributableBeforeAdjAmt
Distributable Before Ded	$1,299,923	DistributableBeforeDedAmt
Distributable As Adjusted	$1,299,923	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,322,859	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$1,322,859	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,299,923	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Prior Year1	2022	PriorYear1Yr
Prior Year2	2021	PriorYear2Yr
Prior Year3	2020	PriorYear3Yr
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr3	$64,428	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$64,428	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,322,859	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Current Year	$1,299,923	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$22,936	RemainingDistriFromCorpusAmt
Total Corpus	$87,364	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$87,364	ExcessDistriCyovToNextYrAmt
Excess From Year3	$64,428	ExcessFromYear3Amt
Excess From Current Year	$22,936	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	MRS BETTY WALKER	ContributingManagerNm
Contributing Manager	SHAW WALKER JR	ContributingManagerNm
Contributing Manager	BRUCE WALKER	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	SHAW WALKER FOUNDATION	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 5100	AddressLine1Txt
City	NORTH MUSKEGON	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49445	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	2317445294	RecipientPhoneNum

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (51 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Advocacy & Resource Center
136 Coffeen Avenue	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$15,000
Agewell Svs Meals on Wheels
275 West Clay Suite 100	Muskegon	MI	49440	NONE	PC	OPERATIONAL PURPOSES	$30,000
Alliance for the Great Lakes
150 Michigan Avenue Suite 700	Chicago	IL	60601	NONE	PC	OPERATIONAL PURPOSES	$10,000
America First Legal
611 Pennsylvania Avenue SE 231	Washington	DC	20003	NONE	PC	OPERATIONAL PURPOSES	$50,000
American Cancer Society
PO Box 10069	Detroit	MI	48210	NONE	PC	OPERATIONAL PURPOSES	$30,000
American Red Cross of Muskegon-Oceana
3886 Broadmoor Avenue SE	Grand Rapids	MI	49512	NONE	PC	OPERATIONAL PURPOSES	$10,000
Antelope Butte Foundation
PO Box 470	Dayton	WY	82836	NONE	PC	OPERATIONAL PURPOSES	$25,000
Big BrothersBig Sisters Michigan Capital Region
7200 W Saginaw Highway	Lansing	MI	48917	NONE	PC	OPERATIONAL PURPOSES	$10,000
Big Lake Humane Soc & Comm Animal Clinic
2640 Marquette Avenue	Muskegon	MI	49442	NONE	PC	OPERATIONAL PURPOSES	$5,000
Boys and Girls Club of the Muskegon Lakeshore
PO Box 1018	Muskegon	MI	49443	NONE	PC	OPERATIONAL PURPOSES	$10,000
CHAPS Equine Assisted Services
PMB 201 1590 Sugarland Or Suite	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$5,000
Compass Center for Families
PO Box 6022	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$25,000
Every Woman's Place
1221 W Laketon Avenue	Muskegon	MI	49441	NONE	PC	OPERATIONAL PURPOSES	$10,000
First Congregational-unrestricted
1201 Jefferson Street	Muskegon	MI	49441	NONE	PC	OPERATIONAL PURPOSES	$10,000
Friends of the Crystal Falls Library
PO Box 294	Crystal Falls	MI	499200294	NONE	PC	OPERATIONAL PURPOSES	$5,000
Friends of Walker Memorial Library
1522 Ruddiman Drive	N Muskegon	MI	49445	NONE	PC	OPERATIONAL PURPOSES	$10,000
Friends of West Iron District Library
PO Box 328	Iron River	MI	49935	NONE	PC	OPERATIONAL PURPOSES	$5,000
Grand Traverse Regional Land Conservancy
2846 3 Mile Road N	Traverse City	MI	49686	NONE	PC	OPERATIONAL PURPOSES	$200,000
Great Lakes Outdoors Foundation
420 W Mill Street	Hasting	MI	49058	NONE	PC	OPERATIONAL PURPOSES	$40,000
Habitat for Humanity of Eastern Bighorns
PO BOX 6196	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$30,000
Harbor Hospice of Muskegon County
1050 West Western Avenue Suite 400	Muskegon	MI	49441	NONE	PC	OPERATIONAL PURPOSES	$10,000
Hope College
Dewitt Student Cultural Center 141	Holland	MI	49423	NONE	PC	OPERATIONAL PURPOSES	$25,000
Job Creators Network Foundation
2245 Texas Drive Suite 300	Sugar Land	TX	77479	NONE	PC	OPERATIONAL PURPOSES	$50,000
Kalamazoo College
1200 Academy Street	Kalamazoo	MI	49006	NONE	PC	OPERATIONAL PURPOSES	$75,000
Keweenaw Land Trust
49902 Limerick Street	Hancock	MI	49930	NONE	PC	OPERATIONAL PURPOSES	$15,000
Leukemia and Lymphoma Society
PO Box 22324	NewYonk	NY	10087	NONE	PC	OPERATIONAL PURPOSES	$25,000
Love Inc
1051 Peck Street	Muskegon	MI	49440	NONE	PC	OPERATIONAL PURPOSES	$10,000
Michigan Tech University
1400 Townsend Drive	Houghton	MI	49931	NONE	PC	OPERATIONAL PURPOSES	$100,000
Muskegon Rescue Mission
1691 Peck Street	Muskegon	MI	49441	NONE	PC	OPERATIONAL PURPOSES	$5,000
Muskegon Sports Council-Girls Luge Team
PO Box 5085	Muskegon	MI	49445	NONE	PC	OPERATIONAL PURPOSES	$10,000
North Muskegon Booster Club Inc
1600 Mills Avenue	N Muskegon	MI	49445	NONE	PC	OPERATIONAL PURPOSES	$15,000
Northwoods Music Collaborative
PO Box 27	Amasa	MI	49903	NONE	PC	OPERATIONAL PURPOSES	$50,000
NRA Foundation-Freedom Action Foundation
11250 Waples Mill Road	Fairfax	VA	22030	NONE	PC	OPERATIONAL PURPOSES	$50,000
Quest Ministries (Boy Scout Troop 114)
16807 12 Mile Road	Big Rapids	MI	49307	NONE	PC	OPERATIONAL PURPOSES	$10,000
Reproductive Healthcare of the Big Horns
128 Thurmond Street	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$10,000
Rooted in Wyoming
PO Box 382	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$5,000
Senior Resources discretion
560 Seminole Road	Muskegon	MI	49444	NONE	PC	OPERATIONAL PURPOSES	$5,000
Sheridan Community Land Trust
PO Box 7185	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$50,000
Sheridan Coummunity Tennis Association
1603 Park Side Court	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$10,000
Sheridan Kids Life
PO Box 7296	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$20,000
Sheridan Memorial Hospital Foundation
PO Box 391	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$30,000
Sheridan Wyoming Dog & Cat Shelter
84 E Ridge Road	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$10,000
The Food Group
PO Box 6702	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$30,000
The Hub on Smith (Formerly Snr Ctzn Council)
211 Smith Street	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$30,000
The Watershed Center Grand Traverse Bay
13272 S W Bay Shore Drive	Traverse City	MI	49684	NONE	PC	OPERATIONAL PURPOSES	$10,000
Traverse city Central Athletic Boosters
1150 Milliken Drive	Traverse City	MI	49686	NONE	PC	OPERATIONAL PURPOSES	$20,000
Uprising
532 Val Vista Street Suite 106	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$10,000
Veteran Village-AMNACS
237 1590 Sugarland Drive	Sheridan	WY	82801	NONE	PC	OPERATIONAL PURPOSES	$25,000
WGVU
PO Box 1668	Grand Rapids	MI	495011668	NONE	PC	OPERATIONAL PURPOSES	$15,000
Wings of Mercy
100 South Pine Street	Zeeland	MI	49464	NONE	PC	OPERATIONAL PURPOSES	$15,000
Wounded Warrior
212 N Verlinden Avenue	Lansing	MI	48915	NONE	PC	OPERATIONAL PURPOSES	$10,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,290,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$17,395	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$431,961	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Income		OtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$1,406,697	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Exclusion	14	ExclusionCd
Exclusion	-$142	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$1,855,911	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,855,911	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$5,502	Amt
Net Investment Income	$2,751	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$2,751	DisbursementsCharitablePrpsAmt

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Desc	NONE	Desc

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	CORPORATE BONDS - SEE ATTACH	BondNm
EOY Book Value	$535,116	EOYBookValueAmt
EOYFMV	$502,401	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	CORPORATE STOCKS - SEE ATTACH	StockNm
EOY Book Value	$17,944,025	EOYBookValueAmt
EOYFMV	$24,778,841	EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$1,176,326	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$1,107,216	USGovtObligationsEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	ML #4140 ESTIMATED ACCRUED INT	CategoryOrItemTxt
Listed At Cost Or FMV	AT COST	ListedAtCostOrFMVCd
EOYFMV	$15,245	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
STATE REGISTRATION FEE	$20	$0	$0	$20
MISCELLANEOUS EXPENSES	$3,931	$1,936	$0	$1,955

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Revenue And Expenses Per Books	-$142	RevenueAndExpensesPerBooksAmt
Net Investment Income	-$142	NetInvestmentIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	PRIOR PERIOD ADJUSTMENT	Desc
Amt	-$17,301	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	MERRILL LYNCH ADMINISTRATIVE	CategoryTxt
Amt	$295,302	Amt
Net Investment Income	$295,302	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAXES W/H ON DIVIDENDS	$18,648	$18,648	$0	$0
PAYROLL TAXES	$2,900	$1,450	$0	$1,450
EXCISE TAX	$24,000	$0	$0	$0