2025-03-21T14:57:20+00:00 2023-12-31 346565596 ERNST & YOUNG US LLP 155 N WACKER DRIVE CHICAGO IL 60606 990PF 2023-01-01 870440091 Cumming Foundation CUMM 3077340708 PO BOX 4902 JACKSON WY 83001 CATHY HANDLEY TREASURER 3077340708 2025-03-21 true Katherine Kurtzman P01236691 3128792000 2025-03-21 2023 2025-03-06 01:10:19Z X X 225019806 X 121560152 5812 5812 262006 262006 198797 580117 189104 0 0 0 -209018 1084511 0 121817749 1541433 0 160290 0 0 170186 13058 0 0 17800 2084 0 0 2084 519522 253397 0 266125 839635 780647 0 58988 2961 2961 0 0 0 0 0 5192 0 0 5192 26343 0 0 26343 1569085 1037005 0 546718 524857 524857 2093942 1037005 0 1071575 119723807 504428 0 4515186 814356 814359 482429 2612579 2612579 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14638 14638 0 0 0 1207760 3275699 3239065 2430720 2538952 2355321 0 0 0 0 56666087 172533344 190472337 0 0 0 0 21500000 25366525 25511507 86802182 207156093 225019806 0 0 0 0 0 0 X 185930 185930 86616252 206970163 86802182 207156093 86802182 207156093 86802182 119723807 630104 207156093 0 207156093 PUBLICLY TRADED SECURITIES 355531 365752 -10221 0 -10221 ARK GLOBAL EMERGING COMPANIES, LP P 19327 -19327 0 -19327 CENTERBRIDGE CAPITAL PARTNERS STRATEGIC, L.P. P 3985 -3985 0 -3985 KEYSTONE PRIVATE MARKET OPPORTUNITIES IX (Q), L.P. P 128 128 0 128 RA CAPITAL HEALTHCARE FUND, LP P 221455 221455 0 221455 RCG KENNEDY HOUSE, LLC P 3003 3003 0 3003 CENTERBRIDGE CAPITAL PARTNERS STRATEGIC AIV I, L.P. loss on disposition P 1949 -1949 0 -1949 189104 0 7012 7012 7012 49678 49678 X 0 42666 42666 0 false false false 0 0 false false true true false true true UT WY true false false true false true N/A CATHY HANDLEY 3077340708 148 S REDMOND ST JACKSON WY 83001 false false false true true false false false false false false false false false false false false false false false false false Annette P Cumming PO BOX 4902 JACKSON WY 83001 VP, TRUSTEE, AND EXECUTIVE DIRECTOR 0.200 0 0 0 Cathy Handley PO BOX 4902 JACKSON WY 83001 Treasurer 1.000 0 0 0 DAVID E CUMMING PO BOX 4902 JACKSON WY 83001 TRUSTEE AND PRESIDENT 17.200 160290 0 0 JESSICA GRANT PO BOX 4902 JACKSON WY 83001 SECRETARY 1.000 0 0 0 JOHN D CUMMING PO BOX 4902 JACKSON WY 83001 TRUSTEE 1.000 0 0 0 Cumming Management Company LLC PO Box 4902 Jackson WY 83001 Accounting Services and Investment Management 1224016 ERNST & YOUNG US LLP 155 N WACKER DRIVE CHICAGO IL 60606 Accounting Services 63643 0 JACKSON STREET APARTMENTS LLC - INVESTMENT IN AFFORDABLE HOUSING PROJECT WHICH FURTHER ACCOMPLISHES THE CUMMING FOUNDATION'S CHARITABLE PURPOSES. THE PROJECT WILL DEVELOP AND MANAGE LOW-INCOME PUBLIC HOUSING IN TETON COUNTY, WYOMING. PERSONS OF LOW INCOME ARE DEFINED AS MEANING PERSONS OR FAMILIES WHO AS DETERMINED BY THE PUBLIC BODY UNDERTAKING A PROJECT, CANNOT AFFORD TO PAY THE AMOUNTS AT WHICH PRIVATE ENTERPRISE, UNAIDED BY PUBLIC SUBSIDY, IS PROVIDING DECENT, SAFE, AND SANITARY HOUSING 3000000 GenBioPro, Inc. - investment to increase the availability of low-cost medical care 1000000 4000000 7259957 2374429 128924591 138558977 0 138558977 2078385 136480592 6824030 6824030 7012 958252 965264 5858766 5858766 5858766 1071575 4000000 0 5071575 5858766 0 2019 0 197524 783212 1091239 0 25735954 27807929 5071575 0 0 0 5071575 0 787191 787191 27020738 0 0 0 0 0 0 27020738 193545 1091239 0 25735954 0 DAVID E CUMMING PRESIDENT JOHN D CUMMING TRUSTEE X University of Utah 332 South 1400 East Ste 160 Salt Lake City UT 84112 PC GENERAL OPERATING SUPPORT 52028 Myelin Repair Foundation 20111 Edinburgh Drive Saratoga CA 95070 PC GENERAL OPERATING SUPPORT 250000 TNC of Utah 559 East South Temple Salt Lake City UT 84102 PC GENERAL OPERATING SUPPORT 2829 East Hampton Village Foundation 86 Main Street East Hampton NY 11937 PC GENERAL OPERATING SUPPORT 50000 National Portrait Gallery 750 9th St NW suite 410 Washington DC 20001 PC DESCRIPTION OF CONTRIBUTED PROPERTY - ARTWORK BOOK VALUE - $170,000 METHOD USED TO DETERMINE BOOK VALUE - FMV AT TIME OF DONATION METHOD USED TO DETERMINE THE FMV - APPRAISAL THE DATE OF THE GIFT - 11/30/2023 170000 524857 0 14 5812 14 262006 901101 7744 18 191053 NET INCOME FROM PARTNERSHIP INVESTMENTS 901101 4189429 1 1094552 BOOK - TAX DIFFERENCES FROM PARTNERSHIP INVESTMENTS 1 -5492999 4197173 -3939576 0 257597 false false false false false false false false false false X X 1 IAN M CUMMING CLAT PO BOX 4902 JACKSON WY 83001 54803894 X X 2 IAN M CUMMING CLAT PO BOX 4902 JACKSON WY 83001 6164252 X X 3 IAN M CUMMING CLAT PO BOX 4902 JACKSON WY 83001 5824475 X X 4 IAN M CUMMING CLAT PO BOX 4902 JACKSON WY 83001 1465275 X X 5 IAN M CUMMING CLAT PO BOX 4902 JACKSON WY 83001 2353975 X X 6 IAN M CUMMING CLAT PO BOX 4902 JACKSON WY 83001 32552747 X X 7 IAN M CUMMING CLAT PO BOX 4902 JACKSON WY 83001 45907 X X 8 IAN M CUMMING CLAT PO BOX 4902 JACKSON WY 83001 170000 X X 9 IAN M CUMMING CLAT PO BOX 4902 JACKSON WY 83001 18179627 X X 1 Interest in partnership investments 54803894 2023-01-01 2 Interest in partnership investments 6164252 2023-03-31 3 Interest in partnership investments 5824475 2023-06-30 4 Interest in commodities 1465275 2023-07-14 5 Interest in various securities 2353975 2023-08-31 6 Interest in partnership investments 32552747 2023-09-30 7 Interest in various securities 45907 2023-10-12 8 Artwork 170000 2023-11-30 9 Interest in partnership investments 18179627 2023-12-31 ACCOUNTING SERVICES 455879 227940 227940 TAX PREPARATION FEES 63643 25457 38185 CAPITAL GAIN OR (LOSS) PER BOOKS 580117 381320 198797 NON-CASH GRANT PAID Form 990-PF, Part I, Line 25 Date: 11/30/2023 Recipient: National Portrait Gallery Basis: 170,000 FMV: 170,000 AMENDED RETURN GENERAL EXPLANATION Cumming Foundation is amending its 2023 Form 990-PF to reflect its 2023 capital investment in Jackson Street Apartments LLC, a program-related investment, on Part VIII-B and Part XI, Line 1b. Lord Abbett (LOLDX) 2538952 2355321 Crimson Wine Group Stock 53881 162167 Agnico Eagle Mines Ltd 125483 147383 Evolution Mining 126108 106609 Newcrest Mining 0 0 Regis Resources 125379 69781 Agnico Eagle Mines 129717 97633 Newmont Corp 129689 79055 Barrick Gold Corp 130221 81700 Kinross Gold Corp 129770 90929 Franco-Nevada Corp 128751 89602 Newmont Corp-CDI 105868 112609 ABBVIE INC COM 115217 121496 AECOM 64233 67659 AMERICAN INTL GROUP INC COM NEW 59164 68495 AMPHENOL CORP NEW CL A 105349 118163 ASHLAND INC 101704 98980 BERRY GLOBAL GROUP INC 84811 87472 CHEVRON CORP 127331 119626 DARLING INTL INC 70715 57067 FREEPORT-MCMORAN INC 73594 78499 GENERAC HLDGS INC 35049 38126 INTEL CORP 50391 72059 INTUITIVE SURGICAL INC 106311 114702 KBR INC 101754 91648 LENNAR CORP CL A 44897 56188 MEDTRONIC PLC 126977 128348 MERCADOLIBRE INC 63129 72291 MGMRESORTS INTL 55371 56252 NEXTERA ENERGY INC COM 64996 59100 NORTHROP GRUMMAN CORP 103942 112354 PAYPAL HOLDINGS INC 170340 167342 PNC FINANCIAL SERVICES GROUP 77968 98949 QUANTA SERVICES INC 52467 53950 RYMAN HOSPITALITY PPTYS INC COM 33332 43144 SAFEHOLD INC 94930 104387 WALT DISNEY CO (HOLDING CO) DISNEY COM 106860 115300 Keystone Private Market Opportunities IX (Q), LP AT COST 2150576 2236000 JZ Equity Partners PLC AT COST 478347 69272 RCG Kennedy House LLC AT COST 6568 10053 RA Capital Biotech Fund LP AT COST 24234211 27106329 Centerbridge Capital Partners AT COST 37664 30104 Glade LLC AT COST 41995899 42908504 Ark Global Emerging Companies LP AT COST 948674 1110574 Cedar Street Teton Fund LP AT COST 1635134 1773674 Cynosure Partners 2020 LP AT COST 5824475 6609415 Coffee Berry Holdings LLC AT COST 32552747 35759685 DJD Kroll LLC AT COST 3261758 5016375 MTI Holdings LLC AT COST 28537543 35691691 Red Rock Ranch Development LLC AT COST 23004593 24191756 SL Tower LLC AT COST 6164252 6164252 Stock Options AT COST 235628 235853 JP Morgan Gold AT COST 1465275 1558800 LEGAL SERVICES 2084 2084 Jackson Street Apartments LLC (PRI) 21500000 24366525 24500000 GenBioPro, Inc. (PRI) 0 1000000 1011507 DUES AND MEMBERSHIPS 26168 26168 BANK FEES 135 135 FILING FEES 40 40 NET INCOME FROM PARTNERSHIP INVESTMENTS 5283981 1084511 Book - Tax Differences from Partnership investments -5492999 0 PRIOR PERIOD PARTNERSHIP TRUE-UP PER BOOKS 630104 INVESTMENT MANAGEMENT FEES 768137 768137 CONSULTING FEES 57713 57713 PAYROLL FEES 1275 1275 ASSET MANAGEMENT FEES 12510 12510 FOREIGN TAXES PAID 2961 2961 GLADE LLC PO BOX 4902 JACKSON WY 83001 844699816 DISTRIBUTION 3039494 COFFEE BERRY HOLDINGS LLC PO Box 4902 Jackson WY 83001 475324984 TRANSFER OF INTEREST 8593801 JACKSON STREET APARTMENTS LLC (PRI) PO Box 4902 Jackson WY 83001 873611810 CONTRIBUTED CAPITAL 3000000 MTI HOLDINGS LLC PO BOX 4902 JACKSON WY 83001 273946956 TRANSFER OF INTEREST 5817064 RED ROCK RANCH DEVELOPMENT LLC PO BOX 4902 JACKSON WY 83001 481303957 TRANSFER OF INTEREST 2724520 SL TOWER LLC PO BOX 4902 JACKSON WY 83001 921695274 TRANSFER OF INTEREST 5981656