TY 2022 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	825,400
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	850,487	850,487
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		193,715
b	Gross sales price for all assets on line 6a 2,815,206
7	Capital gain net income (from Part IV, line 2)...		193,715
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	3,069	3,572
12	Total. Add lines 1 through 11........	1,872,671	1,047,774
	13	Compensation of officers, directors, trustees, etc.	0	0		0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	8,636	4,318		4,318
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	30,757	30,757		0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	72,815	72,815		0
17	Interest...............	6,805	6,805		0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	2,954	2,954		0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	9,895	9,137		0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	131,862	126,786		4,318
25	Contributions, gifts, grants paid.......	2,085,000			2,085,000
26	Total expenses and disbursements. Add lines 24 and 25	2,216,862	126,786		2,089,318
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-344,191
b	Net investment income (if negative, enter -0-)		920,988
c	Adjusted net income (if negative, enter -0-)...

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	332,363	59,962	59,962
	2	Savings and temporary cash investments.........	3,213,994	2,350,840	2,350,840
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	26,841,865	List of Attached Documents: // Content 27,100,353	28,065,426
	c	Investments—corporate bonds (attach schedule).......	8,781,893	List of Attached Documents: // Content 9,030,925	8,265,846
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,962,150	List of Attached Documents: // Content 3,245,994	3,481,528
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	42,132,265	41,788,074	42,223,602
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	42,132,265	42,132,265
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	-344,191
	29	Total net assets or fund balances (see instructions).....	42,132,265	41,788,074
	30	Total liabilities and net assets/fund balances (see instructions).	42,132,265	41,788,074

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	193,715
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	12,802
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	12,802
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	12,802
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	38,441
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	38,441
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached.	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	25,639
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax25,639	Refunded	11	0

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
MARY ALICE MALONE	TRUSTEE 0.50	0	0	0
75 OLD STOTTSVILLE ROAD COATESVILLE,PA19320
CAROLYN NACHMIAS	TRUSTEE 0.50	0	0	0
605 MAIN STREET SUITE 212 RIVERTON,NJ08077
MARY ALICE MALONE JR	TRUSTEE 0.50	0	0	0
11351 ALLIGATOR TRAIL LAKE WORTH,FL33449
CATHERINE D MALONE	TRUSTEE 0.50	0	0	0
12914 INDIAN MOUND ROAD WELLINGTON,FL33449

		(a) Corpus	(b) Years prior to 2021	(c) 2021	(d) 2022
1 Distributable amount for 2022 from Part X, line 7					1,983,683
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2017......
b From 2018......
c From 2019......	52,489
d From 2020......
e From 2021......
f Total of lines 3a through e ........		52,489
4Qualifying distributions for 2022 from Part
XI, line 4: $ 2,089,318
a Applied to 2021, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2022 distributable amount.....					1,983,683
e Remaining amount distributed out of corpus		105,635
5 Excess distributions carryover applied to 2022.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		158,124
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2021. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2022. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2023 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2017 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2023. Subtract lines 7 and 8 from line 6a ......		158,124
10 Analysis of line 9:
a Excess from 2018....
b Excess from 2019....	52,489
c Excess from 2020....
d Excess from 2021....
e Excess from 2022....	105,635

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2022	(b) 2021	(c) 2020	(d) 2019	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BRANDYWINE CONSERVANCY PO BOX 141 CHADDS FORD,PA19317	NONE	PUBLIC CHARITY	GENERAL FUNDS	100,000
BRANDYWINE VALLEY SPCA 1212 PHOENIXVILLE PIKE WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	FOR CHESTER COUNTY SPCA	1,000
BRYN MAWR REHAB HOSPITAL FOUNDATION 414 PAOLI PIKE MALVERN,PA19355	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
CANINE PARTNERS FOR LIFE PO BOX 170 COCHRANVILLE,PA193300170	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
CHESAPEAKE CONSERVANCY 716 GIDDINGS AVENUE STE 42 ANNAPOLIS,MD21401	NONE	PUBLIC CHARITY	GENERAL FUNDS	35,000
CHESTER COUNTY FOOD BANK 650 PENNSYLVANIA DRIVE EXTON,PA19341	NONE	PUBLIC CHARITY	GENERAL FUNDS	10,000
CHESTER COUNTY FUND FOR WOMEN AND GIRLS 113 E EVANS STREET STE A WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	GENERAL FUNDS	30,000
COCHRANVILLE FIRE COMPANY 3135 LIMESTONE ROAD COCHRANVILLE,PA19330	NONE	PUBLIC CHARITY	GENERAL FUNDS	15,000
DELAWARE ART MUSEUM 2301 KENTMERE PARKWAY WILMINGTON,DE19806	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
FRIENDS OF THE EVERGLADES 900 SE FEDERAL HIGHWAY STE 323 STUART,FL34994	NONE	PUBLIC CHARITY	GENERAL FUNDS	2,500
KEYSTONE VALLEY FIRE DEPARTMENT 329 WEST FIRST AVENUE PARKESBURG,PA19365	NONE	PUBLIC CHARITY	GENERAL FUNDS	15,000
LCH Healthcare Comunnity Services 731 WEST CYPRUS STREET KENNETT SQUARE,PA193482419	NONE	PUBLIC CHARITY	GENERAL FUNDS	10,000
MAIN LINE ANIMAL RESCUE INC PO BOX 89 CHESTER SPRINGS,PA19425	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
NATIVE AMERICAN VETERINARY SERVICES 2015 SULLIVAN TRAIL EASTON,PA18040	NONE	PUBLIC CHARITY	NATIVE AMERICAN VETERINARY SERVICE ("NAVS") PROJECT	5,000
OPERATION WARM PO BOX 822431 PHILADELPHIA,PA19182	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
PALM BEACH FIRE RESCUE STATION 27 405 PIKE ROAD WEST PALM BEACH,FL33411	NONE	PUBLIC CHARITY	GENERAL FUNDS	15,000
Panther Ridge Conservation Center 2143 D RD LOXAHATCHEE,FL33470	NONE	PUBLIC CHARITY	GENERAL FUNDS	2,000
PHILADELPHIA ZOO 3400 WEST GIRARD AVENUE PHILADELPHIA,PA191041196	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
PRIMITIVE HALL FOUNDATION PO BOX 489 UNIONVILLE,PA19375	NONE	PUBLIC CHARITY	GENERAL FUNDS	500
RANDOLPH-MACON COLLEGE PO BOX 5005 ASHLAND,VA23005	NONE	PUBLIC CHARITY	EQUESTRIAN PROGRAM	15,000
STROUD WATER RESEARCH CENTER 970 SPENCER ROAD AVONDALE,PA193119514	NONE	PUBLIC CHARITY	GENERAL FUNDS	15,000
The Alliance for Health Equity 50 SOUTH FIRST AVENUE COATESVILLE,PA19320	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
THE BARN AT SPRING BROOK FARM INC 360 LOCUST GROVE ROAD WEST CHESTER,PA19382	NONE	PUBLIC CHARITY	GENERAL FUNDS	2,000
The Chester County Hospital Endowment Fund 701 EAST MARSHALL STREET WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	ENDOWMENT FUND - DR. BERMAN	100,000
The Chester County Hospital Fdn Dr Berman Reserve 701 EAST MARSHALL STREET WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	DR. BERMAN RESEARCH	125,000
THE CHESTER COUNTY HOSPITAL FOUNDATION 701 EAST MARSHALL STREET WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,350,000
THE FOUNDATION FOR THE HORSE 4033 IRON WORKS PARKWAY LEXINGTON,KY40511	NONE	PUBLIC CHARITY	GENERAL FUNDS	25,000
The Kings Acadamy 8401 BELVEDERE ROAD WEST PALM BEACH,FL33411	NONE	PUBLIC CHARITY	GENERAL FUNDS	7,500
Therapeutic Horseback Riding Inc 190 LINE ROAD MALVERN,PA19355	NONE	PUBLIC CHARITY	GENERAL FUNDS	2,000
Trustees of the University of Pennsylvania 3800 SPRUCE STREET PHILADELPHIA,PA19104	NONE	PUBLIC CHARITY	GENERAL FUNDS	100,000
UNITE FOR HER 127 EAST CHESTNUT STREET WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	GENERAL FUNDS	70,000
UNITED STATES EQUESTRIAN TEAM FOUNDATION INC 1040 POTTERSVILLE ROAD PO BOX 355 GLADSTONE,NJ079349955	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
UNITED STATES PONY CLUB INC 4041 IRON WORKS PARKWAY LEXINGTON,KY405118462	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
UPLAND COUNTRY DAY SCHOOL 420 WEST STREET ROAD KENNETT SQUARE,PA19348	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,500
VINCEREMOS THERAPEUTIC RIDING CENTER 13300 6TH COURT NORTH LOXAHATCHEE,FL33470	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
WINTERTHUR MUSEUM 5105 KENNETT PIKE WINTERTHUR,DE19735	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
Total ................................. 3a				2,085,000

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	PUBLICLY TRADED SECURITIES	P
b	Capital Gains Dividends	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,526,135	2,621,491	-95,356
b	289,071		289,071
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-95,356
b			289,071
c
d
e

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	850,487
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14	3,572
8 Gain or (loss) from sales of assets other than inventory ............			18	193,715
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aIIF LP	523000	-503
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		-503		1,047,774	0


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

bApproved for future payment

Total ................................. 3b				0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization THE ROEMER FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	CHARITABLE LEAD ANNUITY TRUST OF MARY ALICE MALONE 72005 605 MAIN STREET SUITE 212 RIVERTON, NJ08077	$ 775,400	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	MARY ALICE MALONE 75 OLD STOTTSVILLE ROAD COATESVILLE, PA19320	$ 50,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)

Name of organization THE ROEMER FOUNDATION		Employer identification number 23-2870277

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2022)


Name of organization THE ROEMER FOUNDATION			Employer identification number 23-2870277
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
DIMENSIONAL ACCOUNTING SERVICES LLC - ACCOUNTING SERVICVES	2,998	2,998		0
FARLEY, DRAIN & CO. PC - ACCOUNTING SERVICES	27,759	27,759		0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FIDELITY CONSERV INC BND	2,320,500	2,315,873
PIMCO TOTAL RETURN FUND-INST	2,345,500	1,979,067
VANGUARD TTL BD MKT IDX-ADM	1,295,166	1,122,144
VANGUARD SHORT-TERM TIPS	1,820,341	1,700,623
VANGUARD TOTAL BOND MARKET	1,249,418	1,148,139

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ACTIVISION BLIZZARD INC	17,712	19,811
ADVANCED MICRO DEVICES	17,139	17,428
ADYEN NV-UNSPON ADR	117,923	102,132
ALPHABET INC-CL A	28,105	30,763
AMAZON.COM INC	255,151	232,432
APPLE INC	58,432	69,441
ARISTA NETWORKS INC	128,141	129,810
ARTHUR J GALLAGHER & CO	107,235	125,374
ARTISAN INTL VAL-INST	2,442,000	2,649,603
ASTRAZENECA PLC-SPONS ADR	82,814	87,888
ATLAS COPCO AB-SPONS ADR A	93,930	95,466
ATLASSIAN CORP-CL A	95,819	78,535
AUTODESK INC	12,159	12,686
AUTOMATIC DATA PROCESSING	15,390	15,825
BAXTER INTERNATIONAL INC	22,324	22,826
BILL HOLDINGS INC	75,266	35,639
BOOZ ALLEN HAMILTON HOLDINGS	94,267	101,221
CANADIAN PACIFIC KANSAS CITY	99,515	101,609
CHEWY INC - CLASS A	13,886	14,249
CHIPOTLE MEXICAN GRILL INC	14,902	21,390
CLOUDFLARE INC - CLASS A	7,966	7,975
CORTEVA INC	60,464	52,028
COSTCO WHOLESALE CORP	28,227	62,452
DATADOG INC - CLASS A	137,546	127,796
DEXCOM INC	20,205	28,915
EDGEWOOD GROWTH FUND-INST	1,561,418	2,403,173
ELI LILLY & CO	17,697	33,767
ENTEGRIS INC	117,262	118,799
EOG RESOURCES INC	11,807	11,787
EVOLUTION AB	100,764	69,575
EXACT SCIENCES CORP	9,654	13,428
FERRARI NV	43,072	66,018
FIDELITY 500 INDEX FUND	6,760,000	6,510,556
FLOOR & DECOR HOLDINGS INC-A	101,510	102,505
FMC CORP	20,212	17,112
HASHICORP INC-CL A	14,331	11,519
HEALTH CARE SELECT SECTOR	1,426,639	1,429,104
HEICO CORP-CLASS A	52,387	84,360
HONEYWELL INTERNATIONAL INC	38,436	38,180
ICICI BANK LTD-SPON ADR	95,343	99,936
INTERCONTINENTAL EXCHANGE IN	16,910	17,414
INTUITIVE SURGICAL INC	19,480	24,620
INVESCO QQQ TRUST SERIES 1	1,377,781	1,339,517
ISHARES RUSSELL 1000 VALUE E	4,559,017	4,580,069
L3HARRIS TECHNOLOGIES INC	55,864	48,159
LAM RESEARCH CORP	78,823	82,929
LINDE PLC	63,545	73,849
LPL FINANCIAL HOLDINGS INC	108,369	113,281
LVMH MOET HENNESSY-UNSP ADR	83,606	126,523
MARKETAXESS HOLDINGS INC	16,438	15,947
MARRIOTT INTERNATIONAL -CL A	16,310	18,736
MASTERCARD INC - A	37,827	40,510
MCKESSON CORP	85,317	101,272
META PLATFORMS INC-CLASS A	30,704	76,624
METTLER-TOLEDO INTERNATIONAL	35,954	77,387
MICROSOFT CORP	237,664	276,859
NETFLIX INC	22,421	40,525
NEXTERA ENERGY INC	38,083	35,764
NIKE INC -CL B	23,319	24,833
NOVO-NORDISK A/S-SPONS ADR	101,563	141,116
NVIDIA CORP	119,247	144,250
NXP SEMICONDUCTORS NV	20,715	24,971
OLD DOMINION FREIGHT LINE	51,002	82,824
OSHKOSH CORP	21,626	16,885
PALO ALTO NETWORKS INC	8,056	13,287
PERNOD RICARD SA - SPON ADR	81,465	95,922
PLUG POWER INC	11,454	9,715
PPG INDUSTRIES INC	18,079	18,241
PROGRESSIVE CORP	26,783	31,239
S&P GLOBAL INC	37,282	40,891
SALESFORCE INC	15,509	15,211
SCHLUMBERGER LTD	25,748	28,637
SNOWFLAKE INC-CLASS A	85,486	70,568
STRYKER CORP	89,800	168,715
T ROWE PR OVERSEAS STOCK-I	2,451,000	2,298,292
TAIWAN SEMICONDUCTOR-SP ADR	41,273	36,129
TESLA INC	32,396	51,045
THERMO FISHER SCIENTIFIC INC	69,397	107,481
TRANE TECHNOLOGIES PLC	19,335	21,612
TRIP.COM GROUP LTD-ADR	25,624	24,290
UBER TECHNOLOGIES INC	35,243	39,414
UNITEDHEALTH GROUP INC	178,085	161,976
VANGUARD MID-CAP ETF	1,993,266	1,782,415
VEEVA SYSTEMS INC-CLASS A	21,039	24,123
VERISK ANALYTICS INC	8,909	11,528
VISA INC-CLASS A SHARES	67,195	108,053
WASTE CONNECTIONS INC	98,349	107,483
ZOETIS INC	20,945	21,182

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
HPS CORPORATE LENDING FUND	AT COST	1,000,000	974,492
IIF LP	AT COST	955,105	1,002,669
STARWOOD REAL ESTATE INCOME TRUST CLASS S	AT COST	917,271	1,130,749
CPI (CARLYLE PROPERTY) PRIVATE INVESTORS, LLC	AT COST	373,618	373,618

Software ID:
Software Version:

Description	Revenue and Expenses per Books	Net Investment Income
INSURANCE	844	844
IIF LP - OTHER EXPENSE	7,915	7,915
IIF LP - NON DEDUCTIBLE EXPENSES	630	0
DEPOSITORY FEE	378	378
PENALTY	128	0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
IIF LP - OTHER PORTFOLIO INCOME	4	4
IIF LP - OTHER INCOME	3,568	3,568
IIF LP	-503	0	0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
JPMORGAN CHASE BANK N.A. FEES	56,967	56,967		0
WCM INVESTMENT MGMT - INVESTMENT MANAGER	15,848	15,848		0