2025-11-08T13:01:29-06:00 2024-12-31 920460586 PWC US TAX LLP 4300 E CAMELBACK ROAD STE 475 PHOENIX AZ 85018 990 2024-01-01 346501094 J W ELLSWORTH ENDOWMENT TRUST ELLS 2164712012 4900 TIEDEMAN ROAD OH-01-49-0381 BROOKLYN OH 44144 KEYBANK BY JOSEPH VELKOS VICE PRESIDENT 2164712012 2025-11-07 true true JEFFREY E KUHLIN P00353001 4123556000 2025-11-07 X 2024 2025-03-06 01:10:19Z KEYBANK N A TRUSTEE 6216891 false X N/A X 1923 OH GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED DECEMBER 21, 1923. KEYBANK,AS TRUSTEE, MAKES DISTRIBUTIONS FOR THE OPERATION,MAINTENANCE, AND UPKEEP OF THE WESTERN RESERVE ACADEMY. DISTRIBUTIONS ARE TO BE USED SOLELY FOR EDUCATIONAL PURPOSES. SPECIFICALLY, TO MAINTAIN AND OPERATE AN INSTITUTION OF LEARNING FOR BOYS AND YOUNG MEN THAT THEY MAY BE PREPARED TO BE USEFUL CITIZENS OF THE REPUBLIC, AND IN ADDITION TO THE USUAL CURRICULUM COMPRISING THE CLASSICS, HUMANITIES, AND SCIENCES, TO MAINTAIN A DEPARTMENT OF AGRICULTURE. IT SHALL BE THE PURPOSE OF THE SCHOOL TO AVOID AS FAR AS POSSIBLE THE DEFECTS OF MODERN EDUCATIONAL METHODS. STUDENTS SHALL BE DEVELOPED BY INSISTENCE ON THE MASTERY OF FUNDAMENTAL SUBJECTS OF STUDY. SCIENTIFIC RESEARCHES CONDUCTED BY MEMBERS OF THE FACULTY ARE TO BE ENCOURAGED. STUDENTS WITH LIMITED MEANS SHALL BE PERMITTED AND THE TUITION TO BE CHARGED TO STUDENTS SHALL AT ALL TIMES BE MAINTAINED WITH THAT OBJECT IN VIEW. KEYBANK MAINTAINS A RESPONSIVENESS TO THE 1 0 0 -135914 0 0 0 940035 2065773 39543 -195941 979578 1869832 5331150 0 0 198270 201564 0 0 72560 102001 5601980 303565 -4622402 1566267 37249310 38183517 0 0 37249310 38183517 X GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED DECEMBER 21, 1923. KEYBANK,AS TRUSTEE, MAKES DISTRIBUTIONS FOR THE OPERATION,MAINTENANCE, AND UPKEEP OF THE WESTERN RESERVE ACADEMY. DISTRIBUTIONS ARE TO BE USED SOLELY FOR EDUCATIONAL PURPOSES. SPECIFICALLY, TO MAINTAIN AND OPERATE AN INSTITUTION OF LEARNING FOR BOYS AND YOUNG MEN THAT THEY MAY BE PREPARED TO BE USEFUL CITIZENS OF THE REPUBLIC, AND IN ADDITION TO THE USUAL CURRICULUM COMPRISING THE CLASSICS, HUMANITIES, AND SCIENCES, TO MAINTAIN A DEPARTMENT OF AGRICULTURE. IT SHALL BE THE PURPOSE OF THE SCHOOL TO AVOID AS FAR AS POSSIBLE THE DEFECTS OF MODERN EDUCATIONAL METHODS. STUDENTS SHALL BE DEVELOPED BY INSISTENCE ON THE MASTERY OF FUNDAMENTAL SUBJECTS OF STUDY. SCIENTIFIC RESEARCHES CONDUCTED BY MEMBERS OF THE FACULTY ARE TO BE ENCOURAGED. STUDENTS WITH LIMITED MEANS SHALL BE PERMITTED AND THE TUITION TO BE CHARGED TO STUDENTS SHALL AT ALL TIMES BE MAINTAINED WITH THAT OBJECT IN VIEW. KEYBANK MAINTAINS A RESPONSIVENESS TO THE false false GRANTS MADE FOR THE OPERATION, MAINTENANCE AND UPKEEP OF THE WESTERN RESERVE ACADEMY. DISTRIBUTIONS ARE TO BE USED SOLELY FOR EDUCATIONAL PURPOSES. true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 true true false false false false false false false false false false false false X 1 0 false false false false false false false true true false false true false false false false false false OH X KEYBANK N A 2168134548 4900 TIEDEMAN RD OH-01-49-0381 BROOKLYN OH 441442302 KEYBANK N A TRUSTEE 1.0 X 201564 0 0 201564 0 0 1 false false false INCOME 985951 985951 5426881 4347059 1079822 1079822 1079822 -195941 -135914 -60027 -195941 1869832 -135914 2005746 201564 201564 3302 3302 98699 98699 303565 0 303565 0 530113 2127554 31346103 29303223 5373094 6752740 37249310 38183517 0 0 X 37249310 38183517 37249310 38183517 37249310 38183517 X 1566267 -632060 X false false false X X 1 WESTERN RESERVE ACADEMY 340714390 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false true 0 0 1157266 925924 1157266 925924 0 270830 303565 0 886436 622359 42338436 42984749 0 0 42338436 42984749 0 0 42338436 42984749 635077 644771 41703359 42339978 1459618 1481899 0 1459618 1481899 886436 753471 1459618 1459618 0 1459618 0 0 0 0 0 0 0 0 1459618 0 1459618 0 0 0 0 0 5296583 5296583 0 1459618 0 3836965 0 0 0 0 0 3836965 0 0 0 3836965 0 PART IV,SECTION D, LINE 2 KeyBank representatives have completed an extensive internal review of supporting organization accounts. This was done in concert with inhous e counsel and individual determinations were made with respect to the relationships.The beneficiaries hasve the right to remove the trustee and the trustee has the right to amend the trust to insure continuatio n of 509(a)3 status. PART IV, SECTION D, LINE 3 KEYBANK, AS TRUSTEE WELCOMES THE INPUT OF THE CHARITABLE BENEFICIARIES AS TO INVESTMENTS. PART V, SECTION D, LINE 8 KeyBank, as Trustee, maintains a close and continuous working relation ship with Western Reserve Academy. The supported organization maintai n a significant voice as they have right to remove the Trustee and rep lace with another corporate Trustee. The Trustee has the authority to amend the document to insure the continuation of 509(a)3 PART V,SECTION D, LINE 8, CONTINUED status. The supported organizations receive periodic statements reflec ting all activity in the trust regarding income, expenses, and investm ents. KeyBank welcomes the input of the supported organizationsas to i nvestments. SIGULAR GUFF BRIC OPPORTUN FD II (4 717651 C HOSEN 844457 C AG ENERGY CREDIT C GQG PARTNERS EMERGING MKTS LLC 800000 C ECLIPSE VENTURES FUND I LP 1595899 C PEPPER TREE CAPITAL FUND X QP, LP 1200000 C NEW MOUNTAIN NET LEASE PARTNERS II 1594733 C 6752740 EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a KEYBANK IS SOLE TRUSTEE. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a KeyBank administration documents all meetings and written actions taken during the year. Actions through NPTAC are also documented. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b KeyBank administration documents all meetings and written actions taken during the year. Actions through NPTAC are also documented. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW ALL RETURNS ARE PREPARED AND THOROUGHLY REVIEWED BY OUR TAX VENDOR AND/OR INTERNAL PROFESSIONAL TAX DEPARTMENT FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST BY MAIL OR BY PHONE AND DELIVERED WITHIN 2 WEEKS OF THE REQUEST. EXPLANATION FOR FORM 990, PART XI, LINE 9 PARTNERSHIP BASIS ADJUSTMENTS