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
CARL W SCHAFER TW
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1504
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BUFFALO, NY14240
A Employer identification number

52-6174408
B Telephone number (see instructions)

(716) 842-2333
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$1,603,616J 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... 65,562 65,438  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 44,257
b Gross sales price for all assets on line 6a 270,907
7 Capital gain net income (from Part IV, line 2)... 44,257
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)....... 897    
12 Total. Add lines 1 through 11........ 110,716 109,695  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 22,856 22,856    
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
1,500 0 0 1,500
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
10,515 1,524   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 3    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 34,874 24,383 0 1,500
25 Contributions, gifts, grants paid....... 100,973 100,973
26 Total expenses and disbursements. Add lines 24 and 25 135,847 24,383 0 102,473
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -25,131
b Net investment income (if negative, enter -0-) 85,312
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......... 18,058 36,611 36,611
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)....... 829,474 Click to see attachment
List of Attached Documents:
// Content
811,876 		1,036,688
c Investments—corporate bonds (attach schedule)....... 591,391 Click to see attachment
List of Attached Documents:
// Content
594,306 		530,317
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) 1,438,923 1,442,793 1,603,616
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........ 1,438,923 1,442,793
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)..... 1,438,923 1,442,793
30 Total liabilities and net assets/fund balances (see instructions). 1,438,923 1,442,793
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
1,438,923
2
Enter amount from Part I, line 27a .....................
2
-25,131
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
32,167
4
Add lines 1, 2, and 3 ..........................
4
1,445,959
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,166
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,442,793
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 . CLASS ACTION SETTLEMENT PROCEEDS     2024-02-08
b 4. ABBVIE INC   2023-03-16 2024-04-30
c 3. ABBVIE INC   2024-05-03 2024-11-27
d 3. AIR PRODUCTS & CHEMICALS INC   2023-02-24 2024-11-27
e 10. AMERN ELEC PWR CO INC COM     2024-04-30
2. AMERN ELEC PWR CO INC COM   2022-03-08 2024-11-27
3. AMGEN INC COM   2022-03-08 2024-04-30
1. AMGEN INC COM   2022-03-08 2024-11-27
5. AVALONBAY COMMUNITIES INCORPORATED     2024-04-30
1. AVALONBAY COMMUNITIES INCORPORATED   2020-12-02 2024-11-27
38. BANK AMER CORP COM   2023-06-08 2024-04-30
18. BANK AMER CORP COM   2023-06-08 2024-11-27
2. BLACKROCK INCORPORATED CLASS A     2024-04-30
4. BROADCOM INC   2019-06-14 2024-03-05
2. BROADCOM INC   2019-06-14 2024-06-28
20. BROADCOM INC   2019-06-14 2024-09-25
24. BROADCOM INC   2019-06-14 2024-12-17
13. CVS CORP COM     2024-04-30
105. CVS CORP COM     2024-05-03
2. CATERPILLAR INC COM ATTACHED   2022-09-26 2024-04-30
2. CATERPILLAR INC COM ATTACHED   2020-07-08 2024-11-27
8. CHEVRONTEXACO CORP     2024-04-30
5. CHEVRONTEXACO CORP   2016-03-16 2024-11-27
22. CISCO SYS INC COM     2024-04-30
9. CISCO SYS INC COM   2016-03-16 2024-11-27
23. CONAGRA INC COM   2023-07-20 2024-11-27
7. CONOCOPHILLIPS   2020-03-18 2024-11-27
52. CROWN CASTLE INC. REIT     2024-04-24
224.922 CULLEN EMG MKT HI DIV CL I   2024-02-13 2024-04-30
18. DOW INC   2019-06-27 2024-04-30
6. DOW INC   2019-06-27 2024-11-27
156. DOW INC     2024-12-17
6. DUKE ENERGY HOLDING CORP     2024-04-30
3. DUKE ENERGY HOLDING CORP   2024-05-14 2024-11-27
9. EXXON MOBIL CORP COM     2024-04-30
3. EXXON MOBIL CORP COM   2016-03-16 2024-11-27
29. HEALTHPEAK OP, LLC. REIT   2024-03-06 2024-11-27
3. HOME DEPOT INC COM     2024-04-30
1. HOME DEPOT INC COM   2020-03-18 2024-11-27
6. INTERNATIONAL BUSINESS MACHINES   2022-04-20 2024-04-30
1. INTERNATIONAL BUSINESS MACHINES   2022-04-20 2024-11-27
91. INTL FLAVORS & FRAGRANCES INC     2024-03-05
86. ISHARES RUSSELL 2000 VALUE ETF     2024-11-27
31. ISHARES RUSSELL 2000 VALUE ETF   2020-03-17 2024-11-27
46. ISHARES MSCI USA QUALITY FACTOR ETF   2023-01-03 2024-04-30
1093. ISHARES CORE MSCI EMERGING     2024-02-12
578. ISHARES GLOBAL REIT ETF   2020-01-02 2024-04-30
10. J P MORGAN CHASE & CO COM   2023-03-13 2024-04-30
3. J P MORGAN CHASE & CO COM   2023-03-13 2024-11-27
116.993 JANUS HNDRSN GL EQ INC-N   2016-03-16 2024-04-30
7. JOHNSON & JOHNSON COM     2024-04-30
3. JOHNSON & JOHNSON COM   2016-03-16 2024-11-27
3. LOCKHEED MARTIN CORPORATION COM     2024-04-30
1. LOCKHEED MARTIN CORPORATION COM   2016-03-16 2024-11-27
2. MCDONALD'S CORP COM     2024-04-30
1. MCDONALD'S CORP COM   2018-10-18 2024-11-27
10. MERCK & CO INC     2024-04-30
10. MERCK & CO INC   2016-03-16 2024-06-28
2. MERCK & CO INC   2016-03-16 2024-11-27
16. METLIFE INC     2024-04-30
6. METLIFE INC   2016-09-08 2024-11-27
12. MORGAN ST DEAN WITTER DISCOV     2024-04-30
6. MORGAN ST DEAN WITTER DISCOV   2019-11-04 2024-11-27
9. NEXTERA ENERGY INC     2024-04-30
4. NEXTERA ENERGY INC   2016-03-16 2024-11-27
36. OLD REPUBLIC INTL CORP COM     2024-04-30
10. OLD REPUBLIC INTL CORP COM   2016-03-16 2024-11-27
10. OMNICOM GROUP INC COM     2024-04-30
5. OMNICOM GROUP INC COM   2020-07-08 2024-11-27
6. PEPSICO INC COM     2024-04-30
9. PHILIP MORRIS INTL INC   2016-03-16 2024-04-30
2. PHILIP MORRIS INTL INC   2016-03-16 2024-11-27
9. PROCTER & GAMBLE CO COM     2024-04-30
24. PROCTER & GAMBLE CO COM   2016-03-16 2024-05-14
2. PROCTER & GAMBLE CO COM   2016-03-16 2024-11-27
3. PROLOGIS INC   2024-05-14 2024-11-27
9. QUALCOMM INC COM     2024-04-30
4. QUALCOMM INC COM   2016-03-16 2024-11-27
29. REGIONS FINANCIAL CORP   2023-12-14 2024-11-27
8. STARBUCKS CORP COM     2024-04-30
4. STARBUCKS CORP COM   2024-05-14 2024-11-27
2. TEXAS INSTRUMENTS INC COM   2024-03-05 2024-11-27
13. TORONTO DOMINION BK ONT COM NEW     2024-04-30
111. TORONTO DOMINION BK ONT COM NEW   2017-02-21 2024-10-16
20. UNILEVER PLC SPONSORED ADR NEW   2022-08-02 2024-04-30
6. UNILEVER PLC SPONSORED ADR NEW   2022-08-02 2024-11-27
2. UNITED PARCEL SERVICE CL B   2024-03-05 2024-11-27
3. UNITED PARCEL SERVICE CL B   2022-09-26 2024-11-27
5. VALERO ENERGY CORP COM     2024-04-30
5. VALERO ENERGY CORP COM   2018-11-01 2024-11-27
174.202 VANGUARD COMMODITY STRAT FD CL ADM   2023-07-31 2024-04-30
419.044 VANGUARD COMMODITY STRAT FD CL ADM     2024-04-30
154.34 VANGUARD HIGH YIELD CORP CL ADML   2020-01-02 2024-04-30
25. VICI PROPERTIES INC     2024-04-30
11. VICI PROPERTIES INC   2021-07-21 2024-11-27
189.374 WILMINGTON INTERNATIONAL FUND-I   2017-09-01 2024-04-30
1011.79 WILMINGTON INTERNATIONAL FUND-I   2017-09-01 2024-07-22
1371.379 WILMINGTON BROAD MARKET BOND FUND -I     2024-07-01
395. WISDOMTREE U.S. SMALLCAP DIVIDEND   2023-12-22 2024-11-27
8. JOHNSON CONTROLS INTERNATIONAL PLC   2024-02-07 2024-04-30
5. JOHNSON CONTROLS INTERNATIONAL PLC   2024-02-07 2024-11-27
7. MEDTRONIC PLC   2021-12-07 2024-04-30
5. MEDTRONIC PLC   2021-12-07 2024-11-27
58. NVENT ELECTRIC PLC     2024-02-07
32. NVENT ELECTRIC PLC   2021-01-14 2024-06-28
31. NVENT ELECTRIC PLC     2024-09-25
CAPITAL GAIN DIVIDENDS P    
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(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 24     24
b 649   613 36
c 551   487 64
d 1,001   829 172
e 875   974 -99
201   194 7
823   698 125
279   233 46
955   910 45
239   171 68
1,416   1,110 306
860   526 334
1,516   1,062 454
5,505   1,053 4,452
3,196   526 2,670
3,496   526 2,970
5,657   632 5,025
882   1,102 -220
5,805   6,664 -859
672   329 343
809   259 550
1,309   1,052 257
814   474 340
1,036   790 246
532   248 284
630   756 -126
755   163 592
4,940   7,778 -2,838
2,879   2,744 135
1,031   918 113
268   306 -38
6,318   7,650 -1,332
592   602 -10
354   308 46
1,072   758 314
354   249 105
647   507 140
1,002   702 300
427   157 270
995   827 168
225   138 87
6,893   7,381 -488
15,521   13,967 1,554
5,595   2,420 3,175
7,262   5,230 2,032
54,771   45,970 8,801
12,856   15,936 -3,080
1,928   1,322 606
748   396 352
716   857 -141
1,017   987 30
467   322 145
1,398   1,040 358
527   217 310
547   413 134
296   166 130
1,298   680 618
1,292   497 795
206   99 107
1,144   854 290
528   232 296
1,092   848 244
784   293 491
606   581 25
316   116 200
1,072   704 368
390   178 212
936   602 334
522   277 245
1,053   836 217
861   865 -4
265   192 73
1,464   1,003 461
3,945   1,950 1,995
359   163 196
355   328 27
1,505   881 624
623   198 425
792   567 225
708   656 52
405   304 101
397   344 53
769   758 11
6,246   5,896 350
1,036   980 56
359   294 65
271   301 -30
407   490 -83
812   491 321
694   459 235
4,514   4,639 -125
10,857   11,068 -211
818   921 -103
718   745 -27
360   301 59
1,693   1,629 64
9,440   8,701 739
11,739   14,118 -2,379
14,752   12,816 1,936
522   430 92
419   269 150
563   796 -233
432   569 -137
3,721   1,529 2,192
2,468   794 1,674
2,167   759 1,408
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      79
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       24
b       36
c       64
d       172
e       -99
      7
      125
      46
      45
      68
      306
      334
      454
      4,452
      2,670
      2,970
      5,025
      -220
      -859
      343
      550
      257
      340
      246
      284
      -126
      592
      -2,838
      135
      113
      -38
      -1,332
      -10
      46
      314
      105
      140
      300
      270
      168
      87
      -488
      1,554
      3,175
      2,032
      8,801
      -3,080
      606
      352
      -141
      30
      145
      358
      310
      134
      130
      618
      795
      107
      290
      296
      244
      491
      25
      200
      368
      212
      334
      245
      217
      -4
      73
      461
      1,995
      196
      27
      624
      425
      225
      52
      101
      53
      11
      350
      56
      65
      -30
      -83
      321
      235
      -125
      -211
      -103
      -27
      59
      64
      739
      -2,379
      1,936
      92
      150
      -233
      -137
      2,192
      1,674
      1,408
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 44,257
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 1,186
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 1,186
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 1,186
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 800
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.............. 7 800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 387
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 arrowMD
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 arrow  
14
The books are in care ofright arrowM AND T BANK, ATTN DIANE RIMER Telephone no.right arrow (716) 842-2333

Located atright arrowPO BOX 1504BUFFALONY ZIP+4right arrow14240
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
M AND T BANK TRUSTEE
1 		22,856    
PO BOX 1504
BUFFALO,NY14240
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
1,591,817
b
Average of monthly cash balances.......................
1b
16,653
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,608,470
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
1,608,470
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
24,127
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,584,343
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
79,217
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
79,217
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,186
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,186
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
78,031
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
78,031
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
78,031
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
102,473
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
102,473
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 78,031
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 74,447
b Total for prior years:2022, 20, 20 26,526
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$ 102,473
a Applied to 2023, but not more than line 2a 74,447
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		26,526
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,500
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 .......... 		76,531
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

WESTERN MD HEALTH SYSTEM FDN INC
ATTN MICHELE MARTZ
12400 WILLOWBROOK RD
CUMBERLAND,MD21502 		NONE PC MEDICAL 75,730

ALLEGANY COUNTY LIBRARY
ATTN JOHN TAUBE
31 WASHINGTON ST
CUMBERLAND,MD21502 		NONE PC EDUCATION 25,243
Total .................................right arrow 3a 100,973
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 65,562  
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 44,257  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER REVENUE 		    14 897  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   110,716  
13Total. Add line 12, columns (b), (d), and (e)..................
13
110,716
(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:
CARL W SCHAFER TW
EIN:
52-6174408
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

TY 2024 InvestmentsCorpBondsSchedule
Name:
CARL W SCHAFER TW
EIN:
52-6174408
Name of Bond End of Year Book Value End of Year Fair Market Value
592905509 METWEST TOTAL RETURN 287,732 247,276
922031737 VANGUARD INFLATION-P    
922031760 VANGUARD HIGH YIELD 50,278 47,924
97181C811 WILMINGTON BROAD MAR 256,296 235,117

TY 2024 InvestmentsCorpStockSchedule
Name:
CARL W SCHAFER TW
EIN:
52-6174408
Name of Stock End of Year Book Value End of Year Fair Market Value
00206R102 AT&T INC    
09247X101 BLACKROCK INC    
110122108 BRISTOL-MYERS SQUIBB    
11135F101 BROADCOM INC 2,263 19,938
126650100 CVS HEALTH CORPORATI    
149123101 CATERPILLAR INC 3,493 9,795
166764100 CHEVRON CORP 7,089 11,008
17275R102 CISCO SYSTEMS INC 5,593 12,018
20825C104 CONOCOPHILLIPS 979 4,165
22822V101 CROWN CASTLE INC. RE    
25537101 AMERICAN ELECTRIC POW    
260557103 DOW INC    
26441C204 DUKE ENERGY HOLDING 6,734 7,973
30231G102 EXXON MOBIL CORP 5,644 8,498
31162100 AMGEN INC COM    
31421N824 FEDERATED INTL STRAT 75,828 77,056
337932107 FIRSTENERGY CORP    
437076102 HOME DEPOT INC COM 3,299 8,169
459200101 IBM CORPORATION 6,739 10,992
464287630 ISHARES RUSSELL 2000    
46429B663 ISHARES CORE HIGH DI 93,425 119,332
46434G103 ISHARES CORE MSCI EM    
46434V647 ISHARES GLOBAL REIT 21,140 21,309
46625H100 JPMORGAN CHASE & CO 7,067 25,409
47103X484 JANUS HNDRSN GL EQ I 156,304 141,260
478160104 JOHNSON & JOHNSON 6,749 9,400
493267108 KEYCORP NEW COM    
53484101 AVALONBAY COMMUNITIES    
539830109 LOCKHEED MARTIN CORP 5,832 13,606
580135101 MCDONALD'S CORPORATI 2,996 5,218
58933Y105 MERCK & CO INC 3,282 6,566
59156R108 METLIFE INC 5,110 10,808
617446448 MORGAN STANLEY GROUP 4,443 13,955
65339F101 NEXTERA ENERGY INC 1,941 5,448
67077M108 NUTRIEN LTD    
680223104 OLD REPUBLIC INTL CO 4,472 10,097
681919106 OMNICOM GROUP INC CO 4,772 7,399
713448108 PEPSICO INC COM 4,844 6,691
717081103 PFIZER INC 9,517 8,888
718172109 PHILIP MORRIS INTL I 6,260 9,508
742718109 PROCTER & GAMBLE CO 3,260 7,209
747525103 QUALCOMM INC COM 4,101 13,211
855244109 STARBUCKS CORP COM 7,072 8,760
891160509 TORONTO-DOMINION BAN    
902973304 U S BANCORP DEL COM 6,324 6,122
904767704 UNILEVER PLC SPONSOR 6,934 8,789
909907107 UNITED BANKSHARES IN    
911312106 UNITED PARCEL SERVIC 8,710 9,205
91913Y100 VALERO ENERGY CORP C 4,281 7,601
921939708 VANGUARD COMMODITY S 22,598 22,296
92343V104 VERIZON COMMUNICATIO 9,981 9,278
925652109 VICI PROPERTIES INC 5,571 5,988
97181C787 WILMINGTON INTERNATI 20,607 25,239
97717W604 WISDOMTREE U.S. SMAL 50,995 65,334
G51502105 JOHNSON CONTROLS INT 5,538 12,866
G5960L103 MEDTRONIC PLC 9,098 7,589
G6700G107 NVENT ELECTRIC PLC 2,073 5,794
00287Y109 ABBVIE INC 8,836 10,484
205887102 CONAGRA BRANDS INC. 6,970 5,883
459506101 INTL FLAVORS & FRAGR    
46432F339 ISHARES MSCI USA QUA 40,473 63,396
60505104 BANK AMER CORP    
7591EP100 REGIONS FINANCIAL CO 5,516 6,633
882508104 TEXAS INSTRUMENTS IN 7,912 8,813
9158106 AIR PRODUCTS & CHEMICA    
025537101 AMERICAN ELECTRIC PO 5,697 7,471
060505104 BANK AMER CORP 12,271 19,821
031162100 AMGEN INC COM 4,668 6,516
053484101 AVALONBAY COMMUNITIE 6,317 8,139
009158106 AIR PRODUCTS & CHEMI 7,737 8,121
230001752 CULLEN EMG MKT HI DI 54,005 55,731
09290D101 BLACKROCK INC 4,796 11,276
74340W103 PROLOGIS INC 6,775 6,871
12572Q105 CME GROUP INC 5,191 5,109
80105N105 SANOFI-ADR 6,006 6,029
42250P103 HEALTHPEAK OP, LLC. 5,748 6,608

TY 2024 OtherDecreasesSchedule
Name:
CARL W SCHAFER TW
EIN:
52-6174408
Description Amount
2024 TRANSACTION POSTED IN 2025 2,917
PRIOR YEAR RETURN OF CAPITAL 249


TY 2024 OtherExpensesSchedule
Name:
CARL W SCHAFER TW
EIN:
52-6174408
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 3 3   0


TY 2024 OtherIncreasesSchedule
Name:
CARL W SCHAFER TW
EIN:
52-6174408
Description Amount
2023 TRANSACTION POSTED IN 2024 2,188
ADJUSTMENT TO INCOME 89
ROUNDING 27
2024 DISTRIBUTION POSTED IN 2025 29,863


TY 2024 TaxesSchedule
Name:
CARL W SCHAFER TW
EIN:
52-6174408
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 52 52   0
FEDERAL TAXES PRIOR YEAR BALAN 8,298 0   0
FEDERAL ESTIMATES - PRINCIPAL 693 0   0
FOREIGN TAXES ON QUALIFIED FOR 1,328 1,328   0
FOREIGN TAXES ON NONQUALIFIED 144 144   0