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← WILLIAM R DANIELS MEMORIAL FUND

Form 990 for tax year 2024

Filed by WILLIAM R DANIELS MEMORIAL FUND.

Totals

Total revenue
$808,220
Total expenses
$684,497
Contributions and grants received
$0
Grants paid
$608,588
Program service revenue
$0
Investment income
$808,220
Other revenue
$0
Total assets, end of year
$7,424,136
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,424,136
Program services expenses (Part IX)
$608,588
Management and general expenses
$75,909
Fundraising expenses
$0
Program service expenses (Part III)
$608,588

Program services were 88.9% 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 $320,765 · excluded $320,765

  • 7a · Gross sales of assets other than inventory

    securities $2,509,103

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

    securities $2,021,648

  • 7c · Gain or loss

    securities $487,455

  • 7d · Net gain or loss

    total $487,455 · excluded $487,455

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $608,588 · program services $608,588

  • 5 · Compensation of officers, directors and key employees

    total $74,340 · management and general $74,340

  • 11c · Fees: accounting

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

  • 24a · Other expenses: FOREIGN TAX

  • 24e · All other expenses

    total $519 · management and general $519

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $336,956 · end of year $149,498

  • 11 · Investments: publicly traded securities

    beginning of year $6,954,549 · end of year $7,274,638

  • 29 · Capital stock, trust principal or current funds

    beginning of year $7,291,505 · end of year $7,424,136

Mission and programs · 2024

Mission

Grants are made according to trust agreeement dated December 18, 1967,as amended. Keybank, as trustee, makes distributions as follows: 50%to Lakewood United Methodist Church, 30% to The Three Arches Foundation, FKA Lakewood Hospital, 10%to Lakewood Kiwanis, 5% to Lakewood Christian Church, and 5% to theBeck Center. Under the Ohio Institutional Trust Funds Act of 1999, thebeneficiaries have chosen to receive the maximum of income based onthe greater of 5% of AFV or traditional income. Keybank maintains aresponsiveness to the needs and activities of each beneficiaryorganization in the attainment of its mission. Please note thecharities have a right to remove the Trustee, the authority to appointco-trustees, and the Trustee has the authority to amend the documentto insure the continuation to qualify as a 509(a)3.

  • Grants made to Lakewood United Methodist Church to be used for the exempt purpose of the church.

    Expenses $311,932 · Grants $311,932

  • Grants made to The Three Arches Foundation, FKA Lakewood Hospital to be used for the exempt purpose of the foundation.

    Expenses $95,071 · Grants $95,071

  • Grants made to Lakewood Kiwanis to be used for its exempt purpose.

    Expenses $68,473 · Grants $68,473

  • Expenses $133,112 · Grants $133,112

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
    $74,340
    From this org
    $74,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202513129349301021

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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