Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THOMAS CARR WATSON TUW
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 653067
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX752653067
A Employer identification number

05-6065386
B Telephone number (see instructions)

(888) 866-3275
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$6,709,863J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 160,855 155,292  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 476,230
b Gross sales price for all assets on line 6a 1,128,528
7 Capital gain net income (from Part IV, line 2)... 476,230
8 Net short-term capital gain......... 0
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).......      
12 Total. Add lines 1 through 11........ 637,085 631,522  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 48,021 28,812   19,208
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,250 750 0 500
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,020 5,388   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,534 3,484   50
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 64,825 38,434 0 19,758
25 Contributions, gifts, grants paid....... 294,409 294,409
26 Total expenses and disbursements. Add lines 24 and 25 359,234 38,434 0 314,167
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 277,851
b Net investment income (if negative, enter -0-) 593,088
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 218,516 272,956 272,956
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow0      
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)....... 5,391,324 Click to see attachment
List of Attached Documents:
// Content
5,609,036 		6,436,907
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,609,840 5,881,992 6,709,863
Liabilities 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 right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 5,609,840 5,881,992
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 5,609,840 5,881,992
30 Total liabilities and net assets/fund balances (see instructions). 5,609,840 5,881,992
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,609,840
2
Enter amount from Part I, line 27a .....................
2
277,851
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,887,691
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
5,699
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,881,992
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 307.591 AGGREGATE BOND COMMON TRUST FUND   2012-08-10 2024-02-29
b 78.601 AGGREGATE BOND COMMON TRUST FUND   2013-03-08 2024-02-29
c 260.875 AGGREGATE BOND COMMON TRUST FUND   2013-03-31 2024-02-29
d 315.772 AGGREGATE BOND COMMON TRUST FUND   2013-09-30 2024-02-29
e 228.371 AGGREGATE BOND COMMON TRUST FUND   2013-11-30 2024-02-29
11.01 AGGREGATE BOND COMMON TRUST FUND   2015-03-31 2024-02-29
690.389 AGGREGATE BOND COMMON TRUST FUND   2019-01-31 2024-02-29
78.613 AGGREGATE BOND COMMON TRUST FUND   2019-04-30 2024-02-29
653.62 AGGREGATE BOND COMMON TRUST FUND   2020-01-17 2024-02-29
50.575 AGGREGATE BOND COMMON TRUST FUND   2020-04-17 2024-02-29
329.274 AGGREGATE BOND COMMON TRUST FUND   2020-06-30 2024-02-29
100.189 AGGREGATE BOND COMMON TRUST FUND   2020-08-31 2024-02-29
772.475 AGGREGATE BOND COMMON TRUST FUND   2021-01-31 2024-02-29
11.286 AGGREGATE BOND COMMON TRUST FUND   2021-04-30 2024-02-29
234.835 AGGREGATE BOND COMMON TRUST FUND   2021-09-17 2024-02-29
146.225 AGGREGATE BOND COMMON TRUST FUND   2021-11-30 2024-02-29
158.548 AGGREGATE BOND COMMON TRUST FUND   2022-05-31 2024-02-29
1165.998 AGGREGATE BOND COMMON TRUST FUND   2022-07-15 2024-02-29
565.123 AGGREGATE BOND COMMON TRUST FUND   2022-10-21 2024-02-29
356.57 AGGREGATE BOND COMMON TRUST FUND   2023-07-31 2024-02-29
2822. ISHARES EDGE MSCI MIN VOL USA ETF   2022-09-30 2024-02-29
45. VANGUARD 500 INDEX FUND SHS ETF   2016-01-08 2024-02-29
2. VANGUARD 500 INDEX FUND SHS ETF   2018-01-31 2024-02-29
2. VANGUARD 500 INDEX FUND SHS ETF   2020-03-20 2024-02-29
16. VANGUARD 500 INDEX FUND SHS ETF   2023-01-31 2024-02-29
2. VANGUARD 500 INDEX FUND SHS ETF   2023-01-31 2024-02-29
1. VANGUARD 500 INDEX FUND SHS ETF   2023-01-31 2024-02-29
360.408 PRINCIPAL MIDCAP FUND CL R6   2017-02-02 2024-09-03
74.531 PRINCIPAL MIDCAP FUND CL R6   2020-01-17 2024-09-03
85.722 PRINCIPAL MIDCAP FUND CL R6   2020-03-23 2024-09-03
106. VANGUARD RUSSELL 1000 ET GROWTH   2023-01-31 2024-09-03
4. VANGUARD RUSSELL 1000 ET GROWTH   2023-01-31 2024-09-03
24. VANGUARD RUSSELL 1000 ET GROWTH   2024-02-29 2024-09-03
9.539 DIVIDEND INCOME COMMON TRUST FUND   2012-08-10 2024-09-06
20.545 DIVIDEND INCOME COMMON TRUST FUND   2013-03-08 2024-09-06
5.48 DIVIDEND INCOME COMMON TRUST FUND   2013-03-31 2024-09-06
11.482 DIVIDEND INCOME COMMON TRUST FUND   2013-08-09 2024-09-06
9.26 DIVIDEND INCOME COMMON TRUST FUND   2017-03-24 2024-09-06
4.155 DIVIDEND INCOME COMMON TRUST FUND   2019-01-31 2024-09-06
8.805 DIVIDEND INCOME COMMON TRUST FUND   2019-06-30 2024-09-06
1.596 DIVIDEND INCOME COMMON TRUST FUND   2020-01-17 2024-09-06
1.946 DIVIDEND INCOME COMMON TRUST FUND   2020-03-20 2024-09-06
17.935 DIVIDEND INCOME COMMON TRUST FUND   2020-04-17 2024-09-06
416.573 LARGE CAP CORE COMMON TRUST FUND   2018-01-31 2024-09-06
184.1 LARGE CAP CORE COMMON TRUST FUND   2018-03-31 2024-09-06
131.012 LARGE CAP CORE COMMON TRUST FUND   2018-06-30 2024-09-06
279.019 LARGE CAP CORE COMMON TRUST FUND   2022-01-31 2024-09-06
13.992 LARGE CAP CORE COMMON TRUST FUND   2023-01-31 2024-09-06
154.834 LARGE CAP CORE COMMON TRUST FUND   2024-02-29 2024-09-06
37.626 EMERGING MARKETS STOCK COMMON TRUST FD   2012-08-10 2024-10-31
174.885 EMERGING MARKETS STOCK COMMON TRUST FD   2013-03-08 2024-10-31
3.129 EMERGING MARKETS STOCK COMMON TRUST FD   2013-03-31 2024-10-31
36.724 EMERGING MARKETS STOCK COMMON TRUST FD   2013-08-09 2024-10-31
256.818 EMERGING MARKETS STOCK COMMON TRUST FD   2014-02-28 2024-10-31
54.682 EMERGING MARKETS STOCK COMMON TRUST FD   2016-10-14 2024-10-31
121.776 EMERGING MARKETS STOCK COMMON TRUST FD   2017-03-24 2024-10-31
115.896 EMERGING MARKETS STOCK COMMON TRUST FD   2018-11-30 2024-10-31
189.099 EMERGING MARKETS STOCK COMMON TRUST FD   2021-01-31 2024-10-31
136.362 EMERGING MARKETS STOCK COMMON TRUST FD   2021-07-31 2024-10-31
67.094 EMERGING MARKETS STOCK COMMON TRUST FD   2021-11-30 2024-10-31
231.342 EMERGING MARKETS STOCK COMMON TRUST FD   2022-05-31 2024-10-31
67.704 EMERGING MARKETS STOCK COMMON TRUST FD   2022-10-21 2024-10-31
364.891 EMERGING MARKETS STOCK COMMON TRUST FD   2023-01-31 2024-10-31
27.141 MID CAP GROWTH COMMON TRUST FUND   2012-08-10 2024-10-31
39.318 MID CAP GROWTH COMMON TRUST FUND   2013-03-08 2024-10-31
23.638 MID CAP GROWTH COMMON TRUST FUND   2013-11-30 2024-10-31
27.685 MID CAP GROWTH COMMON TRUST FUND   2017-03-24 2024-10-31
50.755 MID CAP GROWTH COMMON TRUST FUND   2019-01-31 2024-10-31
14.103 MID CAP GROWTH COMMON TRUST FUND   2021-11-30 2024-10-31
24.305 MID CAP GROWTH COMMON TRUST FUND   2022-01-31 2024-10-31
7.597 DIVIDEND INCOME COMMON TRUST FUND   2012-08-10 2024-10-31
16.363 DIVIDEND INCOME COMMON TRUST FUND   2013-03-08 2024-10-31
4.365 DIVIDEND INCOME COMMON TRUST FUND   2013-03-31 2024-10-31
9.145 DIVIDEND INCOME COMMON TRUST FUND   2013-08-09 2024-10-31
7.375 DIVIDEND INCOME COMMON TRUST FUND   2017-03-24 2024-10-31
3.309 DIVIDEND INCOME COMMON TRUST FUND   2019-01-31 2024-10-31
7.013 DIVIDEND INCOME COMMON TRUST FUND   2019-06-30 2024-10-31
1.271 DIVIDEND INCOME COMMON TRUST FUND   2020-01-17 2024-10-31
1.549 DIVIDEND INCOME COMMON TRUST FUND   2020-03-20 2024-10-31
14.287 DIVIDEND INCOME COMMON TRUST FUND   2020-04-17 2024-10-31
25. ISHARES CORE S&P MID CAP ETF   2012-08-09 2024-10-31
19. ISHARES CORE S&P MID CAP ETF   2013-03-08 2024-10-31
20. ISHARES CORE S&P MID CAP ETF   2013-11-29 2024-10-31
73. ISHARES CORE S&P MID CAP ETF   2017-01-31 2024-10-31
35. ISHARES CORE S&P MID CAP ETF   2020-03-20 2024-10-31
43.105 CLEARBRIDGE LARGE CAP GROWTH FUND CL IS   2019-01-31 2024-10-31
18.078 CLEARBRIDGE LARGE CAP GROWTH FUND CL IS   2019-05-01 2024-10-31
10.752 CLEARBRIDGE LARGE CAP GROWTH FUND CL IS   2019-07-01 2024-10-31
13.776 CLEARBRIDGE LARGE CAP GROWTH FUND CL IS   2020-03-23 2024-10-31
22.84 CLEARBRIDGE LARGE CAP GROWTH FUND CL IS   2022-02-01 2024-10-31
25.846 CLEARBRIDGE LARGE CAP GROWTH FUND CL IS   2023-02-01 2024-10-31
56.158 PRINCIPAL MIDCAP FUND CL R6   2017-02-02 2024-10-31
11.613 PRINCIPAL MIDCAP FUND CL R6   2020-01-17 2024-10-31
13.358 PRINCIPAL MIDCAP FUND CL R6   2020-03-23 2024-10-31
118. VANGUARD RUSSELL 1000 ET GROWTH   2023-01-31 2024-10-31
4. VANGUARD RUSSELL 1000 ET GROWTH   2023-01-31 2024-10-31
27. VANGUARD RUSSELL 1000 ET GROWTH   2024-02-29 2024-10-31
65. VANGUARD 500 INDEX FUND SHS ETF   2016-01-08 2024-10-31
4. VANGUARD 500 INDEX FUND SHS ETF   2018-01-31 2024-10-31
2. VANGUARD 500 INDEX FUND SHS ETF   2020-03-20 2024-10-31
23. VANGUARD 500 INDEX FUND SHS ETF   2023-01-31 2024-10-31
3. VANGUARD 500 INDEX FUND SHS ETF   2023-01-31 2024-10-31
1. VANGUARD 500 INDEX FUND SHS ETF   2023-01-31 2024-10-31
203.51 LARGE CAP CORE COMMON TRUST FUND   2018-01-31 2024-10-31
89.939 LARGE CAP CORE COMMON TRUST FUND   2018-03-31 2024-10-31
64.004 LARGE CAP CORE COMMON TRUST FUND   2018-06-30 2024-10-31
136.31 LARGE CAP CORE COMMON TRUST FUND   2022-01-31 2024-10-31
6.835 LARGE CAP CORE COMMON TRUST FUND   2023-01-31 2024-10-31
75.642 LARGE CAP CORE COMMON TRUST FUND   2024-02-29 2024-10-31
1254.514 MID CAP CORE COMMON TRUST FUND   2018-01-31 2024-10-31
43.081 MID CAP VALUE COMMON TRUST FUND   2012-04-20 2024-10-31
22.466 MID CAP VALUE COMMON TRUST FUND   2013-11-30 2024-10-31
13.955 MID CAP VALUE COMMON TRUST FUND   2017-03-24 2024-10-31
35.687 MID CAP VALUE COMMON TRUST FUND   2019-01-31 2024-10-31
13.652 MID CAP VALUE COMMON TRUST FUND   2020-06-30 2024-10-31
22.717 MID CAP VALUE COMMON TRUST FUND   2021-11-30 2024-10-31
22. ISHARES CORE S&P MID CAP ETF   2012-08-09 2024-11-11
17. ISHARES CORE S&P MID CAP ETF   2013-03-08 2024-11-11
18. ISHARES CORE S&P MID CAP ETF   2013-11-29 2024-11-11
65. ISHARES CORE S&P MID CAP ETF   2017-01-31 2024-11-11
31. ISHARES CORE S&P MID CAP ETF   2020-03-20 2024-11-11
12. VANGUARD 500 INDEX FUND SHS ETF   2016-01-08 2024-11-11
1. VANGUARD 500 INDEX FUND SHS ETF   2018-01-31 2024-11-11
5. VANGUARD 500 INDEX FUND SHS ETF   2023-01-31 2024-11-11
1. VANGUARD 500 INDEX FUND SHS ETF   2023-01-31 2024-11-11
11.969 SMALL CAP GROWTH LEADERS CTF   2012-08-10 2024-11-15
17.372 SMALL CAP GROWTH LEADERS CTF   2013-03-08 2024-11-15
14.15 SMALL CAP GROWTH LEADERS CTF   2017-03-24 2024-11-15
14.214 SMALL CAP GROWTH LEADERS CTF   2019-01-31 2024-11-15
9.44 SMALL CAP GROWTH LEADERS CTF   2020-01-17 2024-11-15
17.983 SMALL CAP GROWTH LEADERS CTF   2021-01-31 2024-11-15
27.632 SMALL CAP GROWTH LEADERS CTF   2022-01-31 2024-11-15
104.522 SMALL CAP GROWTH LEADERS CTF   2024-02-29 2024-11-15
8.332 SMALL CAP VALUE COMMON TRUST FUND   2012-08-10 2024-11-15
11.875 SMALL CAP VALUE COMMON TRUST FUND   2013-03-08 2024-11-15
10.78 SMALL CAP VALUE COMMON TRUST FUND   2017-03-24 2024-11-15
13.723 SMALL CAP VALUE COMMON TRUST FUND   2019-01-31 2024-11-15
14.428 SMALL CAP VALUE COMMON TRUST FUND   2020-01-17 2024-11-15
10.393 SMALL CAP VALUE COMMON TRUST FUND   2020-03-20 2024-11-15
10.265 SMALL CAP VALUE COMMON TRUST FUND   2021-01-31 2024-11-15
22.964 SMALL CAP VALUE COMMON TRUST FUND   2021-11-30 2024-11-15
87.011 SMALL CAP VALUE COMMON TRUST FUND   2024-02-29 2024-11-15
19.866 MID CAP GROWTH COMMON TRUST FUND   2012-08-10 2024-11-15
28.778 MID CAP GROWTH COMMON TRUST FUND   2013-03-08 2024-11-15
17.301 MID CAP GROWTH COMMON TRUST FUND   2013-11-30 2024-11-15
20.264 MID CAP GROWTH COMMON TRUST FUND   2017-03-24 2024-11-15
37.149 MID CAP GROWTH COMMON TRUST FUND   2019-01-31 2024-11-15
10.322 MID CAP GROWTH COMMON TRUST FUND   2021-11-30 2024-11-15
17.79 MID CAP GROWTH COMMON TRUST FUND   2022-01-31 2024-11-15
156.004 LARGE CAP CORE COMMON TRUST FUND   2018-01-31 2024-11-15
68.944 LARGE CAP CORE COMMON TRUST FUND   2018-03-31 2024-11-15
49.063 LARGE CAP CORE COMMON TRUST FUND   2018-06-30 2024-11-15
104.491 LARGE CAP CORE COMMON TRUST FUND   2022-01-31 2024-11-15
5.24 LARGE CAP CORE COMMON TRUST FUND   2023-01-31 2024-11-15
57.985 LARGE CAP CORE COMMON TRUST FUND   2024-02-29 2024-11-15
544.442 MID CAP CORE COMMON TRUST FUND   2018-01-31 2024-11-15
617.768 SMALL CAP CORE COMMON TRUST FUND   2018-01-31 2024-11-15
152.286 SMALL CAP CORE COMMON TRUST FUND   2018-06-30 2024-11-15
275.218 SMALL CAP CORE COMMON TRUST FUND   2019-01-31 2024-11-15
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,619   5,103 -484
b 1,180   1,283 -103
c 3,918   4,276 -358
d 4,742   5,077 -335
e 3,430   3,669 -239
165   181 -16
10,368   11,049 -681
1,181   1,275 -94
9,816   10,985 -1,169
760   865 -105
4,945   5,647 -702
1,505   1,716 -211
11,601   13,010 -1,409
169   186 -17
3,527   3,924 -397
2,196   2,424 -228
2,381   2,361 20
17,511   17,157 354
8,487   7,731 756
5,355   5,237 118
229,584   188,227 41,357
21,034   7,996 13,038
935   518 417
935   438 497
7,479   5,941 1,538
935   737 198
467   371 96
15,876   8,385 7,491
3,283   2,411 872
3,776   1,712 2,064
9,864   6,292 3,572
372   237 135
2,233   2,046 187
1,115   1,152 -37
2,402   2,535 -133
641   679 -38
1,342   1,447 -105
1,083   1,159 -76
486   497 -11
1,029   1,081 -52
187   210 -23
228   209 19
2,097   2,170 -73
8,387   7,480 907
3,706   3,177 529
2,638   2,302 336
5,617   5,327 290
282   247 35
3,117   3,227 -110
2,288   2,259 29
10,635   11,573 -938
190   205 -15
2,233   2,264 -31
15,617   16,660 -1,043
3,325   3,781 -456
7,405   8,698 -1,293
7,047   7,515 -468
11,499   13,893 -2,394
8,292   8,296 -4
4,080   3,710 370
14,068   10,439 3,629
4,117   2,947 1,170
22,189   19,685 2,504
1,974   1,876 98
2,860   2,784 76
1,719   1,722 -3
2,014   1,954 60
3,691   3,675 16
1,026   1,009 17
1,768   1,538 230
922   969 -47
1,985   2,130 -145
530   571 -41
1,109   1,215 -106
895   973 -78
401   419 -18
851   909 -58
154   176 -22
188   177 11
1,733   1,826 -93
1,560   481 1,079
1,186   428 758
1,248   523 725
4,556   2,454 2,102
2,185   913 1,272
3,265   2,047 1,218
1,369   956 413
814   573 241
1,043   569 474
1,730   1,569 161
1,958   1,353 605
2,559   1,307 1,252
529   376 153
609   267 342
11,469   7,005 4,464
389   237 152
2,624   2,302 322
34,253   11,550 22,703
2,108   1,036 1,072
1,054   438 616
12,120   8,540 3,580
1,581   1,106 475
527   371 156
4,339   3,908 431
1,918   1,664 254
1,365   1,204 161
2,906   2,772 134
146   129 17
1,613   1,671 -58
20,640   17,987 2,653
2,478   2,249 229
1,292   1,284 8
803   787 16
2,052   1,955 97
785   699 86
1,307   1,299 8
1,463   423 1,040
1,130   383 747
1,197   471 726
4,321   2,185 2,136
2,061   809 1,252
6,598   2,132 4,466
550   259 291
2,749   1,857 892
550   371 179
649   535 114
942   816 126
767   715 52
771   706 65
512   496 16
975   1,018 -43
1,499   1,178 321
5,668   5,563 105
463   412 51
660   611 49
599   587 12
763   701 62
802   770 32
578   422 156
571   587 -16
1,276   1,197 79
4,836   4,491 345
1,533   1,409 124
2,221   2,090 131
1,335   1,292 43
1,564   1,467 97
2,867   2,758 109
797   757 40
1,373   1,158 215
3,424   2,997 427
1,513   1,276 237
1,077   924 153
2,293   2,126 167
115   99 16
1,273   1,281 -8
9,305   8,206 1,099
9,148   8,073 1,075
2,255   2,036 219
4,075   3,431 644
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
      36,602
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       -484
b       -103
c       -358
d       -335
e       -239
      -16
      -681
      -94
      -1,169
      -105
      -702
      -211
      -1,409
      -17
      -397
      -228
      20
      354
      756
      118
      41,357
      13,038
      417
      497
      1,538
      198
      96
      7,491
      872
      2,064
      3,572
      135
      187
      -37
      -133
      -38
      -105
      -76
      -11
      -52
      -23
      19
      -73
      907
      529
      336
      290
      35
      -110
      29
      -938
      -15
      -31
      -1,043
      -456
      -1,293
      -468
      -2,394
      -4
      370
      3,629
      1,170
      2,504
      98
      76
      -3
      60
      16
      17
      230
      -47
      -145
      -41
      -106
      -78
      -18
      -58
      -22
      11
      -93
      1,079
      758
      725
      2,102
      1,272
      1,218
      413
      241
      474
      161
      605
      1,252
      153
      342
      4,464
      152
      322
      22,703
      1,072
      616
      3,580
      475
      156
      431
      254
      161
      134
      17
      -58
      2,653
      229
      8
      16
      97
      86
      8
      1,040
      747
      726
      2,136
      1,252
      4,466
      291
      892
      179
      114
      126
      52
      65
      16
      -43
      321
      105
      51
      49
      12
      62
      32
      156
      -16
      79
      345
      124
      131
      43
      97
      109
      40
      215
      427
      237
      153
      167
      16
      -8
      1,099
      1,075
      219
      644
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 476,230
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 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 8,244
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 8,244
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 8,244
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 6,400
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,844
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowRI
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowBANK OF AMERICA NA Telephone no.right arrow (888) 866-3275

Located atright arrowPO BOX 653067DALLASTX ZIP+4right arrow752653067
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(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
BANK OF AMERICA TRUSTEE
1 		48,021    
PO BOX 653067
DALLAS,TX752653067
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(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...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
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
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
6,416,073
b
Average of monthly cash balances.......................
1b
200,019
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
6,616,092
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
6,616,092
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
99,241
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,516,851
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
325,843
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
325,843
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
8,244
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,244
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
317,599
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
317,599
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
317,599
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
314,167
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
314,167
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 317,599
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 75,486
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 314,167
a Applied to 2023, but not more than line 2a 75,486
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 2024 distributable amount..... 238,681
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 0
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		78,918
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
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)
aPaid during the year

HISTORIC NEW ENGLAND

141 CAMBRIDGE STREET
BOSTON,MA021142702 		N/A PC UNRESTRICTED GENERAL 294,409
Total .................................right arrow 3a 294,409
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
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
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 ....     14 160,855  
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 .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 476,230  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   637,085  
13Total. Add line 12, columns (b), (d), and (e)..................
13
637,085
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THOMAS CARR WATSON TUW
EIN:
05-6065386
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE - BOA 1,250 750   500

TY 2024 GeneralExplanationAttachment
Name:
THOMAS CARR WATSON TUW
EIN:
05-6065386
Identifier Return Reference Explanation
FEDERAL FOOTNOTE PART VIII LIST OF OFFICERS AND DIRECTORS THE COMPENSATION SHOWN ON THE RETURN THAT IS PAID TO BANK OF AMERICA, N.A. AS CORPORATE TRUSTEE IS NOT CALCULATED BASED UPON AN HOURLY RATE FOR THE TIME SPENT BY THE TRUSTEE; RATHER, BANK OF AMERICA'S COMPENSATION AS CORPORATE TRUSTEE IS CALCULATED USING A MARKET VALUE FEE SCHEDULE. THE TRUST OFFICER'S TIME SPENT PERFORMING ADMINISTRATIVE RESPONSIBILITIES FOR THIS FOUNDATION AVERAGES ONE HOUR PER WEEK. IN ADDITION, TIME IS SPENT BY OTHER STAFF MEMBERS FOR RECORDKEEPING, INVESTMENT MANAGEMENT, INCOME COLLECTION, RENDERING STATEMENTS AND ACCOUNTINGS, REGULATORY REPORTING, REGULATORY COMPLIANCE, AND TAX SERVICES.

TY 2024 InvestmentsCorpStockSchedule
Name:
THOMAS CARR WATSON TUW
EIN:
05-6065386
Name of Stock End of Year Book Value End of Year Fair Market Value
464287507 ISHARES CORE S&P MID 114,331 255,471
921943858 VANGUARD FTSE DEVELO 310,276 379,165
202671913 AGGREGATE BOND COMMO 1,100,882 1,050,382
207543877 SMALL CAP GROWTH LEA 179,669 187,364
29099J109 EMERGING MARKETS STO 271,762 254,703
303995997 SMALL CAP VALUE COMM 187,430 194,757
323991307 MID CAP GROWTH COMMO 225,319 229,336
45399C107 DIVIDEND INCOME COMM 320,449 297,589
99Z466197 INTERNATIONAL FOCUSE 369,331 389,844
922042858 VANGUARD FTSE EMERGI 273,745 251,733
922908363 VANGUARD 500 INDEX F 251,666 579,221
99Z639934 LARGE CAP CORE COMMO 461,007 517,016
99Z639942 MID CAP CORE COMMON 235,774 257,806
99Z639959 SMALL CAP CORE COMMO 176,755 187,342
693390882 PIMCO INTERNATIONAL 127,624 133,924
99Z665806 MID CAP VALUE COMMON 229,756 229,542
46429B697 ISHARES EDGE MSCI MI    
52469H255 CLEARBRIDGE LARGE CA 158,140 226,727
74256W584 PRINCIPAL MIDCAP FUN 104,502 194,133
92206C680 VANGUARD RUSSELL 100 193,471 312,586
09251M801 BLACKROCK EQTY DIVID 317,147 308,266

TY 2024 OtherDecreasesSchedule
Name:
THOMAS CARR WATSON TUW
EIN:
05-6065386
Description Amount
TYE INCOME ADJUSTMENT 170
CTF ADJUSTMENT 5,528
ROUNDING 1


TY 2024 OtherExpensesSchedule
Name:
THOMAS CARR WATSON TUW
EIN:
05-6065386
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSE-PRINCI 1,741 1,741   0
OTHER ALLOCABLE EXPENSE-INCOME 1,743 1,743   0
STATE FILING FEE 50 0   50


TY 2024 TaxesSchedule
Name:
THOMAS CARR WATSON TUW
EIN:
05-6065386
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,418 3,418   0
EXCISE TAX - PRIOR YEAR 232 0   0
EXCISE TAX ESTIMATES 6,400 0   0
FOREIGN TAXES ON QUALIFIED FOR 1,193 1,193   0
FOREIGN TAXES ON NONQUALIFIED 777 777   0