TY 2023 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	800,400
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	908,009	908,009
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		384,594
b	Gross sales price for all assets on line 6a 2,774,361
7	Capital gain net income (from Part IV, line 2)...		384,594
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	15,249	15,352
12	Total. Add lines 1 through 11........	2,108,252	1,307,955
	13	Compensation of officers, directors, trustees, etc.	0	0		0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	6,937	3,469		3,468
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	27,752	27,752		0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	93,277	93,277		0
17	Interest...............	9,153	9,153		0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	2,588	2,588		0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	22,338	22,338		0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	162,045	158,577		3,468
25	Contributions, gifts, grants paid.......	2,160,000			2,160,000
26	Total expenses and disbursements. Add lines 24 and 25	2,322,045	158,577		2,163,468
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-213,793
b	Net investment income (if negative, enter -0-)		1,149,378
c	Adjusted net income (if negative, enter -0-)...

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	59,967	47,754	47,754
	2	Savings and temporary cash investments.........	2,350,840	872,637	872,637
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	27,100,353	List of Attached Documents: // Content 27,651,609	33,443,018
	c	Investments—corporate bonds (attach schedule).......	9,030,925	List of Attached Documents: // Content 9,256,047	8,544,415
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,245,989	List of Attached Documents: // Content 3,746,234	3,992,605
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	41,788,074	41,574,281	46,900,429
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	41,788,074	41,788,074
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	0	-213,793
	29	Total net assets or fund balances (see instructions).....	41,788,074	41,574,281
	30	Total liabilities and net assets/fund balances (see instructions).	41,788,074	41,574,281

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	384,594
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	15,976
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	15,976
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	15,976
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	25,639
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	25,639
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.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	9,663
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax9,663	Refunded	11	0

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
MARY ALICE MALONE	TRUSTEE 0.50	0	0	0
4280 SOUTH SHORE BOULEVARD WELLINGTON,FL33414
CAROLYN NACHMIAS	TRUSTEE 0.50	0	0	0
605 MAIN STREET SUITE 212 RIVERTON,NJ08077
MARY ALICE MALONE JR	TRUSTEE 0.50	0	0	0
11351 ALLIGATOR TRAIL LAKE WORTH,FL33449
CATHERINE D MALONE	TRUSTEE 0.50	0	0	0
12914 INDIAN MOUND ROAD WELLINGTON,FL33449

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					2,166,952
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......	52,489
c From 2020......
d From 2021......
e From 2022......	105,635
f Total of lines 3a through e ........		158,124
4Qualifying distributions for 2023 from Part
XI, line 4: $ 2,163,468
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					2,163,468
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		3,484			3,484
(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		154,640
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 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		154,640
10 Analysis of line 9:
a Excess from 2019....	49,005
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....	105,635
e Excess from 2023....

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) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

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

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BRANDYWINE CONSERVANCY PO BOX 141 CHADDS FORD,PA19317	NONE	PUBLIC CHARITY	GENERAL FUNDS	100,000
BRANDYWINE VALLEY SPCA 1212 PHOENIXVILLE PIKE WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	FOR CHESTER COUNTY SPCA	1,000
BRYN MAWR REHAB HOSPITAL FOUNDATION 414 PAOLI PIKE MALVERN,PA19355	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
CANINE PARTNERS FOR LIFE PO BOX 170 COCHRANVILLE,PA193300170	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
CHESAPEAKE CONSERVANCY 716 GIDDINGS AVENUE STE 42 ANNAPOLIS,MD21401	NONE	PUBLIC CHARITY	GENERAL FUNDS	37,000
CHESTER COUNTY FOOD BANK 650 PENNSYLVANIA DRIVE EXTON,PA19341	NONE	PUBLIC CHARITY	GENERAL FUNDS	10,000
CHESTER COUNTY FUND FOR WOMEN AND GIRLS 113 E EVANS STREET STE A WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	GENERAL FUNDS	30,000
COCHRANVILLE FIRE COMPANY 3135 LIMESTONE ROAD COCHRANVILLE,PA19330	NONE	PUBLIC CHARITY	GENERAL FUNDS	20,000
DELAWARE ART MUSEUM 2301 KENTMERE PARKWAY WILMINGTON,DE19806	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
FRIENDS OF THE EVERGLADES 900 SE FEDERAL HIGHWAY STE 323 STUART,FL34994	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
KEYSTONE VALLEY FIRE DEPARTMENT 329 WEST FIRST AVENUE PARKESBURG,PA19365	NONE	PUBLIC CHARITY	GENERAL FUNDS	20,000
MAIN LINE ANIMAL RESCUE INC PO BOX 89 CHESTER SPRINGS,PA19425	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
NATIVE AMERICAN VETERINARY SERVICES 2015 SULLIVAN TRAIL EASTON,PA18040	NONE	PUBLIC CHARITY	NATIVE AMERICAN VETERINARY SERVICE ("NAVS") PROJECT	5,000
OPERATION WARM PO BOX 822431 PHILADELPHIA,PA19182	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
PALM BEACH FIRE RESCUE STATION 27 405 PIKE ROAD WEST PALM BEACH,FL33411	NONE	PUBLIC CHARITY	GENERAL FUNDS	20,000
PHILADELPHIA ZOO 3400 WEST GIRARD AVENUE PHILADELPHIA,PA191041196	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,000
PRIMITIVE HALL FOUNDATION PO BOX 489 UNIONVILLE,PA19375	NONE	PUBLIC CHARITY	GENERAL FUNDS	500
RANDOLPH-MACON COLLEGE PO BOX 5005 ASHLAND,VA23005	NONE	PUBLIC CHARITY	EQUESTRIAN PROGRAM	15,000
STROUD WATER RESEARCH CENTER 970 SPENCER ROAD AVONDALE,PA193119514	NONE	PUBLIC CHARITY	GENERAL FUNDS	30,000
THE BARN AT SPRING BROOK FARM INC 360 LOCUST GROVE ROAD WEST CHESTER,PA19382	NONE	PUBLIC CHARITY	GENERAL FUNDS	2,000
THE CHESTER COUNTY HOSPITAL FOUNDATION 701 EAST MARSHALL STREET WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	ENDOWMENT FUND - DR. BERMAN	1,475,000
THE FOUNDATION FOR THE HORSE 4033 IRON WORKS PARKWAY LEXINGTON,KY40511	NONE	PUBLIC CHARITY	GENERAL FUNDS	25,000
UNITE FOR HER 127 EAST CHESTNUT STREET WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	GENERAL FUNDS	70,000
UNITED STATES EQUESTRIAN TEAM FOUNDATION INC 1040 POTTERSVILLE ROAD PO BOX 355 GLADSTONE,NJ079349955	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
UNITED STATES PONY CLUB INC 4041 IRON WORKS PARKWAY LEXINGTON,KY405118462	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
UPLAND COUNTRY DAY SCHOOL 420 WEST STREET ROAD KENNETT SQUARE,PA19348	NONE	PUBLIC CHARITY	GENERAL FUNDS	1,500
VINCEREMOS THERAPEUTIC RIDING CENTER 13300 6TH COURT NORTH LOXAHATCHEE,FL33470	NONE	PUBLIC CHARITY	GENERAL FUNDS	25,000
WINTERTHUR MUSEUM 5105 KENNETT PIKE WINTERTHUR,DE19735	NONE	PUBLIC CHARITY	GENERAL FUNDS	500
LADY STEEL 14 WEST 1ST AVENUE COATESVILLE,PA19320	NONE	PUBLIC CHARITY	GENERAL FUNDS	10,000
THE CHESTER COUNTY HOSPITAL ENDOWMENT FUND 701 EAST MARSHALL STREET WEST CHESTER,PA19380	NONE	PUBLIC CHARITY	ENDOWMENT FUND - DR. BERMAN	100,000
LCH HEALTH AND COMMUNITY SERVICES 731 WEST CYPRUS STREET KENNETT SQUARE,PA193482419	NONE	PUBLIC CHARITY	GENERAL FUNDS	10,000
PANTHER RIDGE CONSERVATION CENTER 2143 D RD LOXAHATCHEE,FL33470	NONE	PUBLIC CHARITY	GENERAL FUNDS	3,000
THE ALLIANCE FOR HEALTH EQUITY 50 SOUTH FIRST AVENUE COATESVILLE,PA19320	NONE	PUBLIC CHARITY	GENERAL FUNDS	5,000
THE KINGS ACADEMY 8401 BELVEDERE ROAD WEST PALM BEACH,FL33411	NONE	PUBLIC CHARITY	GENERAL FUNDS	7,500
THERAPEUTIC HORSEBACK RIDING INC 190 LINE ROAD MALVERN,PA19355	NONE	PUBLIC CHARITY	GENERAL FUNDS	2,000
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA 3800 SPRUCE STREET PHILADELPHIA,PA19104	NONE	PUBLIC CHARITY	GENERAL FUNDS	100,000
CANINE COMPANIONS PO BOX 446 SANTA ROSA,CA954020446	NONE	PUBLIC CHARITY	GENERAL FUNDS	10,000
Total ................................. 3a				2,160,000

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

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,711,521	2,389,767	321,754
b	12,941		12,941
c	49,899		49,899
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			321,754
b			12,941
c			49,899
d
e

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

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	908,009
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14	15,352
8 Gain or (loss) from sales of assets other than inventory ............			18	384,594
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aIIF LP	523000	-388
bIIF LP-Tax Exempt Income	523000	285
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		-103		1,307,955	0


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









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

bApproved for future payment

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

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

Name of organization THE ROEMER FOUNDATION

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	CHARITABLE LEAD ANNUITY TRUST OF MARY ALICE MALONE 72005 605 MAIN STREET SUITE 212 RIVERTON, NJ08077	$ 775,400	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	MARY ALICE MALONE 75 OLD STOTTSVILLE ROAD COATESVILLE, PA19320	$ 25,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

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

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)


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

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FARLEY, DRAIN & CO. PC - ACCOUNTING SERVICES	26,637	26,637		0
DIMENSIONAL ACCOUNTING SERVICES LLC - ACCOUNTING SERVICVES	1,115	1,115		0

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FIDELITY ADV CONV INC BD-Z	2,331,000	2,335,625
JPM PRIME MM FD - INSTL FUND 829 5.43%	861	861
PIMCO TOTAL RETURN FUND-INST	2,337,989	1,992,617
VANGUARD SHORT-TERM TIPS	1,820,341	1,740,790
VANGUARD TOTAL BOND MARKET	1,297,190	1,185,078
VANGUARD TTL BD MKT IDX-ADM	1,468,666	1,289,444

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3I GROUP PLC-UNSPON ADR	160,912	194,792
ADVANCED MICRO DEVICES	37,802	53,043
ADYEN NV-UNSPON ADR	72,056	66,840
ALPHABET INC-CL A	25,566	42,805
AMAZON.COM INC	274,822	361,378
APPLE INC	133,267	163,441
APPLOVIN CORP-CLASS A	137,808	160,781
ARISTA NETWORKS INC	61,833	137,388
ARTHUR J GALLAGHER & CO	107,235	148,066
ARTISAN INTL VAL-INST	2,527,000	3,011,784
ASTRAZENECA PLC-SPONS ADR	125,311	137,496
AUTODESK INC	22,817	27,714
AUTOMATIC DATA PROCESSING	25,257	26,972
BLOCK INC	33,441	35,018
BOOZ ALLEN HAMILTON HOLDINGS	94,267	139,587
BOSTON SCIENTIFIC CORP	23,004	33,884
BRAZE INC-A	14,224	14,682
BURLINGTON STORES INC	11,527	19,680
CANADIAN PACIFIC KANSAS CITY	136,727	134,707
CARRIER GLOBAL CORP	22,378	24,475
CORTEVA INC	97,176	84,686
DATADOG INC - CLASS A	124,163	167,170
DEXCOM INC	31,722	32,427
EDGEWOOD GROWTH FUND-INST	1,561,418	3,051,220
ELI LILLY & CO	20,047	55,228
ENTEGRIS INC	117,262	145,149
EXACT SCIENCES CORP	28,415	16,858
FERRARI NV	43,072	82,899
FIDELITY 500 INDEX FUND	6,904,000	8,161,780
FISERV INC	41,525	41,135
FLEETCOR TECHNOLOGIES INC	39,277	38,097
FLOOR & DECOR HOLDINGS INC-A	101,510	98,018
GE AEROSPACE	128,034	193,625
GE VERNOVA INC	32,527	52,139
GLOBAL-E ONLINE LTD	11,277	11,461
HEALTH CARE SELECT SECTOR	1,426,639	1,569,290
HONEYWELL INTERNATIONAL INC	23,302	24,130
HUMANA INC	43,512	45,959
ICICI BANK LTD-SPON ADR	95,343	124,747
ILLUMINA INC	92,431	71,918
INGERSOLL RAND INC COMMON STOCK	22,453	22,256
INTUITIVE SURGICAL INC	88,762	148,580
INVESCO QQQ TRUST SERIES 1	1,377,781	1,737,253
IOVANCE BIOTHERAPEUTICS INC	15,173	7,715
ISHARES RUSSELL 1000 VALUE E	4,586,981	5,095,920
KINSALE CAPITAL GROUP INC	12,167	11,944
LAM RESEARCH CORP	28,222	33,010
LAMB WESTON HOLDINGS INC	36,612	32,623
LINDE PLC	63,545	85,129
LOWE'S COS INC	33,070	31,526
LPL FINANCIAL HOLDINGS INC	68,610	95,521
LVMH MOET HENNESSY-UNSP ADR	83,606	102,745
MARKETAXESS HOLDINGS INC	37,060	28,676
MASTERCARD INC - A	26,442	31,764
MCKESSON CORP	85,317	138,417
META PLATFORMS INC-CLASS A	16,361	72,103
MICROSOFT CORP	226,352	349,068
MONSTER BEVERAGE CORP	21,009	19,381
NEXTERA ENERGY INC	35,369	42,061
NOVO-NORDISK A/S-SPONS ADR	101,563	248,939
NVIDIA CORP	80,263	279,818
OLD DOMINION FREIGHT LINE	51,002	79,117
PHILIP MORRIS INTERNATIONAL	45,100	48,638
PURE STORAGE INC - CLASS A	9,844	17,722
ROBLOX CORP -CLASS A	18,582	22,810
ROCKWELL AUTOMATION INC	20,606	19,820
SAAB AB-UNSPR ADR	101,411	99,812
SALESFORCE INC	34,806	41,907
SCHWAB (CHARLES) CORP	40,248	52,836
SHERWIN-WILLIAMS CO/THE	38,936	42,675
STRYKER CORP	32,873	45,253
T ROWE PR OVERSEAS STOCK-I	2,501,234	2,509,550
TAIWAN SEMICONDUCTOR-SP ADR	175,487	201,967
TEXAS INSTRUMENTS INC	30,522	35,794
THERMO FISHER SCIENTIFIC INC	69,397	113,918
TOAST INC-CLASS A	14,635	22,368
TRANE TECHNOLOGIES PLC	13,761	26,972
UBER TECHNOLOGIES INC	24,996	35,613
UNITEDHEALTH GROUP INC	143,075	134,954
VANGUARD MID-CAP ETF	1,999,774	1,967,789
VERTEX PHARMACEUTICALS INC	14,531	14,530
VISA INC-CLASS A SHARES	54,790	97,376
WASTE CONNECTIONS INC	98,349	131,871
WAYFAIR INC- CLASS A	22,773	21,567
ZILLOW GROUP INC - C	38,253	41,241

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
CPI (CARLYLE PROPERTY) PRIVATE INVESTORS, LLC	AT COST	972,846	932,733
HPS CORPORATE LENDING FUND	AT COST	1,000,000	1,018,334
IIF LP	AT COST	902,028	1,025,008
STARWOOD REAL ESTATE INCOME TRUST CLASS S	AT COST	871,360	1,016,530

Software ID:
Software Version:

Description	Revenue and Expenses per Books	Net Investment Income
INSURANCE	844	844
DEPOSITORY FEE	259	259
IIF LP - OTHER EXPENSE	11,006	11,006
CPI PRIVATE INVESTORS LLC - OTHER EXPENSE	10,229	10,229

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
IIF LP - OTHER INCOME	15,311	15,311
JPMORGAN ACCTX0008-MISC DEPOSIT	41	41
IIF LP	-388	0	0
IIF LP-Tax Exempt Income	285	0	0

Category	Amount	Net Investment Income
DMCA GLOBAL SETTLEMENT - FEES	25,744	25,744
WCM INVESTMENT MGMT - INVESTMENT MANAGER	18,622	18,622
JPMORGAN CHASE BANK N.A. FEES	48,911	48,911