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← MILLIKIN SEVERANCE NO 2 FUND A-2

Form 990 for tax year 2024

Filed by MILLIKIN SEVERANCE NO 2 FUND A-2.

Totals

Total revenue
$1,066,105
Total expenses
$644,963
Contributions and grants received
$0
Grants paid
$563,471
Program service revenue
$0
Investment income
$1,066,105
Other revenue
$0
Total assets, end of year
$10,328,738
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,328,738
Program services expenses (Part IX)
$563,471
Management and general expenses
$81,492
Fundraising expenses
$0
Program service expenses (Part III)
$563,471

Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $132,746 · excluded $132,746

  • 7a · Gross sales of assets other than inventory

    securities $1,414,506

  • 7b · Less cost or other basis and sales expenses

    securities $481,147

  • 7c · Gain or loss

    securities $933,359

  • 7d · Net gain or loss

    total $933,359 · excluded $933,359

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $563,471 · program services $563,471

  • 5 · Compensation of officers, directors and key employees

    total $78,828 · management and general $78,828

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 24a · Other expenses: ohio attorney journal filing fee

  • 24e · All other expenses

    total $1,614 · management and general $1,614

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $116,747 · end of year $242,984

  • 12 · Investments: other securities

    beginning of year $9,790,850 · end of year $10,085,754

  • 29 · Capital stock, trust principal or current funds

    beginning of year $9,907,597 · end of year $10,328,738

Mission and programs · 2024

Mission

Grants are made according to Trsut agreement dated February 23,1976 .Keybank, as Trustee makes distributions to University Hospital andCase Western Reserve University to be used for the advancement ofof medical research. Under the Ohio Institutional Trust Funds Act of1999, the beneficiaries have chosen to receive the maximum of incomebased on the greater of 5% of AFV or traditional income. Keybankmaintains a responsiveness to the needs and activities of eachbeneficiary organization in the attainment of its mission. Pleasenote the charities have a right to remove the Trustee, and the Trusteehas the authority to amend the document to insure the continuation toqualify as a 509(a)3. Keybank maintains a responsiveness to the needs and activities of each beneficiary organization in the attainment of its mission.

  • Grants are made to University Hospital for the medical research

    Expenses $352,936 · Grants $352,936

  • Grants are made to Case Western Reserve University for Medical Research

    Expenses $210,535 · Grants $210,535

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Keybank N A

    Trustee

    Total calculated
    $78,828
    From this org
    $78,828
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
1 May 2025
IRS schema version
2024v5.1
Source object
202501289349301435

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