TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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 04-01-2024 , and ending 03-31-2025

Name of foundation
BARNET SEGAL CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX S-1
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CARMEL, CA93921

A Employer identification number

77-6024786

B Telephone number (see instructions)

(831) 625-1118

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$16,521,050J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	19		19
4	Dividends and interest from securities...	288,398		288,398
5a	Gross rents............	186,121		186,121
b	Net rental income or (loss) 162,383
6a	Net gain or (loss) from sale of assets not on line 10		480,434
b	Gross sales price for all assets on line 6a 1,822,861
7	Capital gain net income (from Part IV, line 2)...			480,434
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	1	0
12	Total. Add lines 1 through 11........	954,973		954,972
13	Compensation of officers, directors, trustees, etc.	168,000		67,200	100,800
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	2,130	1,065	1,065
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	12,088	6,044	6,044
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	91,995	91,995	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	10,833	10,833	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	4,730	4,730
20	Occupancy..............	16,158		8,079	8,079
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	17,416	8,175	9,241
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	323,350		198,121	125,229
25	Contributions, gifts, grants paid.......	720,000			720,000
26	Total expenses and disbursements. Add lines 24 and 25	1,043,350		198,121	845,229
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-88,377
b	Net investment income (if negative, enter -0-)			756,851
c	Adjusted net income (if negative, enter -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	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.............	74,341	39,211	39,211
	2	Savings and temporary cash investments.........	431,714	577,490	577,490
	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).......	9,960,651	List of Attached Documents: // Content 9,766,358	12,563,223
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis 674,481
		Less: accumulated depreciation (attach schedule) 175,970	503,241	List of Attached Documents: // Content 498,511	3,300,000
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 5,115
		Less: accumulated depreciation (attach schedule) 5,115
	15	Other assets (describe )	List of Attached Documents: // Content 41,126	List of Attached Documents: // Content 41,126	List of Attached Documents: // Content 41,126
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	11,011,073	10,922,696	16,521,050
	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 )	List of Attached Documents: // Content 11,800	List of Attached Documents: // Content 11,800
	23	Total liabilities (add lines 17 through 22).........	11,800	11,800
		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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	10,999,273	10,910,896
	29	Total net assets or fund balances (see instructions).....	10,999,273	10,910,896
	30	Total liabilities and net assets/fund balances (see instructions).	11,011,073	10,922,696

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

10,999,273

Enter amount from Part I, line 27a .....................

-88,377

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

10,910,896

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

10,910,896

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
1 a	PUBLICLY TRADED SECURITIES
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,763,167	1,342,427	420,740
b	59,694		59,694
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			420,740
b			59,694
c
d
e

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	480,434
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

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	10,520
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	10,520
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	10,520
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	9,293
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	9,293
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	1,227
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

CLIFTONLARSONALLEN LLP Telephone no. right arrow

(831) 624-5333

Located at right arrow

26515 CARMEL RANCHO BLVD SUITE 100CARMELBYTHESEACA ZIP+4 right arrow

93923

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
WILLIAM BRODSLEY	TRUSTEE 10.00	84,000
PO BOX 6176 CARMEL,CA93921	TRUSTEE 10.00	84,000
STUART BERMAN	TRUSTEE 10.00	84,000
PO BOX 61086 PALO ALTO,CA94036	TRUSTEE 10.00	84,000

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...................				0

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 arrow

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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

13,249,473

Average of monthly cash balances.......................

621,689

Fair market value of all other assets (see instructions)................

3,341,126

Total (add lines 1a, b, and c).........................

17,212,288

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

17,212,288

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

258,184

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

16,954,104

Minimum investment return. Enter 5% (0.05) of line 5................

847,705

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.)

Minimum investment return from Part IX, line 6..................

847,705

Tax on investment income for 2024 from Part V, line 5 .......

10,520

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

10,520

Distributable amount before adjustments. Subtract line 2c from line 1............

837,185

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

837,185

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

837,185

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

845,229

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

845,229

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					837,185
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......	23,839
d From 2022......	10,096
e From 2023......
f Total of lines 3a through e ........		33,935
4Qualifying distributions for 2024 from Part
XI, line 4: $ 845,229
a Applied to 2023, 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 2024 distributable amount.....					837,185
e Remaining amount distributed out of corpus		8,044
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		41,979
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 ..........					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 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 ......		41,979
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....	23,839
c Excess from 2022....	10,096
d Excess from 2023....
e Excess from 2024....	8,044

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 4942(j)(3) or4942(j)(5)

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	(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

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AG LAND TRUST PO BOX 1731 SALINAS,CA93902		PC	TO FURTHER THEIR EXEMPT PURPOSE	25,000
AMERICAN LEGION POST 0512 CARMEL PO BOX 512 CARMELBYTHESEA,CA93921		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
BIG SUR LAND TRUST PO BOX 4071 MONTEREY,CA93942		PC	TO FURTHER THEIR EXEMPT PURPOSE	200,000
CARMEL ART ASSOCIATION PO BOX 2271 CARMEL,CA93921		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
CARMEL FOUNDATION PO BOX 1050 CARMELBYTHESEA,CA93921		PC	TO FURTHER THEIR EXEMPT PURPOSE	10,000
CARMEL-BY-THE-SEA PUBLIC LIBRARY FOUNDATION PO BOX 2042 CARMELBYTHESEA,CA93921		PC	TO FURTHER THEIR EXEMPT PURPOSE	150,000
CLASSIC GUITAR SOCIETY OF CARMEL PO BOX 4234 CARMELBYTHESEA,CA93921		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
FOUNDATION FOR THE MONTEREY COUNTY FREE LIBRARIES 450 LINCOLN AVENUE SUITE 203 SALINAS,CA93901		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
FRIENDS OF MISSION TRAIL NATURE PRESERVE PO BOX 505 CARMEL,CA93922		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
GATEWAY CENTER OF MONTEREY COUNTY INC 850 CONGRESS AVENUE PACIFIC GROVE,CA93950		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
HARMONY AT HOME 3785 VIA NONA MARIE SUITE 300 CARMEL,CA93923		PC	TO FURTHER THEIR EXEMPT PURPOSE	10,000
HARTNELL COLLEGE FOUNDATION 411 CENTRAL AVENUE SALINAS,CA93901		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
MEALS ON WHEELS OF THE MONTEREY PENINSULA INC 700 JEWELL AVENUE PACIFIC GROVE,CA93950		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
MEALS ON WHEELS OF THE SALINAS VALLEY INC 40 CLARK STREET SUITE C SALINAS,CA93901		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
MONTEREY COUNTY LAND WATCH PO BOX 1876 SALINAS,CA93902		PC	TO FURTHER THEIR EXEMPT PURPOSE	15,000
MONTEREY COUNTY POPS INC PO BOX 3352 MONTEREY,CA93942		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
PACIFIC REPERATORY THEATRE PO BOX 222035 CARMEL,CA93922		PC	TO FURTHER THEIR EXEMPT PURPOSE	70,000
UPWELLGARDEN 99 PACIFIC STREET 375E MONTEREY,CA93940		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
YOSAL YOUTH ORCHESTRA SALINAS 1122 E ALISAL STREET SALINAS,CA93905		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
BATCH FESTIVAL BOX 7054 CARMEL,CA93923		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
CENTRAL COAST VNA & HOSPICE BOX 2480 MONTEREY,CA93942		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
4 DENTISTRY 2930 2ND AVE STE 140 MARINA,CA93933		PC	TO FURTHER THEIR EXEMPT PURPOSE	5,000
ELKHORN SLOUGH FOUNDATION PO BOX 267 MOSS LANDING,CA95039		PC	TO FURTHER THEIR EXEMPT PURPOSE	150,000
FOOD BANK FOR MONTEREY COUNTY 815 WEST MARKET STREET SUITE 5 SALINAS,CA93901		PC	TO FURTHER THEIR EXEMPT PURPOSE	15,000
Total ................................. 3a				720,000

bApproved for future payment

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

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	(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 ...........			14	19
4 Dividends and interest from securities ....			14	288,398
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	162,383
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	480,434
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			01	1
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		931,235	0

13Total. Add line 12, columns (b), (d), and (e)..................

931,235

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	12,088	6,044		6,044

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income
COMM'L BLDGS - OCEAN	1987-01-01	103,145	101,525	SL	31.500000000000	0	0
LAND - OCEAN & MISSION	1987-01-01	386,855		L		0	0
ROOF - OCEAN & MISSION	2005-03-01	30,000	14,611	SL	39.000000000000	769	769
ROOF - OCEAN & MISSION	2005-05-24	17,947	8,683	SL	39.000000000000	460	460
IMPROVEMENTS - OCEAN	2010-03-31	2,762	994	SL	39.000000000000	71	71
IMPROVEMENTS - OCEAN	2010-06-30	107,889	38,151	SL	39.000000000000	2,766	2,766
WATER METER - OCEAN	2013-03-07	12,742	3,611	SL	39.000000000000	327	327
WATER METER - OCEAN 2	2013-05-04	13,141	3,665	SL	39.000000000000	337	337
OFFICE FURN (PERS PROP)	2004-04-01	5,115	5,115	SL	7.000000000000	0	0

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES	33,216	52,131
ACCENTURE PLC	34,743	73,953
ADOBE INC	91,643	96,266
AIRBNB INC	42,611	35,838
ALCON INC	23,178	26,106
ALPHABET INC (CLASS A)	26,946	84,124
ALPHABET INC (CLASS C)	26,260	63,898
AMAZON.COM INC	116,502	157,345
AMERIPRISE FINL	39,621	51,800
AMGEN INC	32,138	40,190
ANSYS INC	32,959	27,857
APPLE INC	15,879	66,417
ARTISAN INTERNATIONAL VA	218,214	318,223
ATMOS ENERGY CORP	27,698	37,099
BERKSHIRE HATHAWAY	23,142	100,125
BLACKSTONE INC	20,109	24,042
C H ROBINSON WORLDWD	35,638	36,250
CAPITAL ONE FC	43,368	49,128
COLGATE-PALMOLIVE CO	21,873	25,486
COMMERCE BANCSHARES	14,256	14,437
CONSTELLATION BRAND	22,829	16,517
CORTEVA INC	37,478	51,414
COTERRA ENERGY INC	20,793	27,455
CULLEN FROST BANKERS	22,558	21,284
DANAHER CORP	31,385	24,190
DIAGEO PLC	47,417	33,638
ECOLAB INC	36,163	38,535
ELI LILLY & CO	80,791	87,546
EQUITY LIFESTYLE PPT	24,349	20,810
GARTNER INC	4,684	15,950
GENERAL DYNAMICS	42,310	71,961
HOME DEPOT INC	19,207	27,853
HONEYWELL INTL INC	27,288	27,316
INTER-TERM INVEST-GR ADM	347,415	323,371
INVESCO DEVELOPING MARKE	168,933	212,468
JOHNSON & JOHNSON	25,210	59,039
LENNAR CORP	32,715	32,253
LONG-TERM INVEST-GR ADM	277,295	241,784
LOWES COMPANIES INC	23,523	26,122
MARTIN MARIETTA MATERIAL	24,932	27,253
MASTERCARD INC	34,484	66,871
MEDTRONIC PLC	92,394	99,924
MERCK & CO. INC	24,539	21,901
MICROCHIP TECHNOLOGY	31,468	18,347
MICROSOFT CORP	71,684	231,616
MITSUBISHI U F J FINAN F	12,131	28,296
NETFLIX INC	7,309	29,841
NIKE INC	21,114	37,961
NOVO-NORDISK AS VORMAL F	35,209	61,524
ORACLE CORP	82,800	137,014
OSHKOSH TRUCK CORP	19,816	16,464
PARKER-HANNIFIN CORP	47,181	66,864
PEPSICO INC	22,873	20,542
PNC FINL SERVICES	30,022	24,959
PROCTER & GAMBLE	20,441	47,718
QUALCOMM INC	28,850	26,882
ROCHE HLDG AG	68,063	73,494
RPM INTERNTNL	22,380	25,912
RTX CORP	22,542	68,482
SERVICE NOW INC	7,750	25,476
SHORT-TERM INVEST-GR ADM	103,458	98,738
SONY GROUP CORP	41,873	40,624
STARBUCKS CORP	55,014	66,211
TELEDYNE TECHNOLOGIES	26,501	29,863
THE COCA-COLA CO	25,424	29,794
THERMO FISHER SCNTFC	45,758	40,306
TOT INTL BOND IX ADMIRAL	649,577	595,102
TOT INTL STOCK IX ADMIRAL	1,882,376	2,077,419
TOTAL BOND MKT INDEX ADM	758,597	710,666
TOTAL STOCK MKT IDK ADM	2,013,029	3,465,661
TOTALENERGIES SE	26,066	25,811
UNILEVER PLC	73,690	89,206
UNITED HEALTH GRP INC	12,195	23,569
US BANCORP	20,550	27,865
VANGUARD MID CAP ETF	205,779	303,361
VISA INC	31,485	112,848
WALMART INC	6,317	29,146
WALT DISNEY CO	82,290	85,079
WCM FOCUSED INTERNATIONAL	289,872	310,102
WORKDAY INC	30,296	31,760
XCEL ENERGY INC	25,897	26,546
XYLEM INC.	27,025	26,998
ZOETIS INC	56,950	58,945
AIR PRODS & CHEMS	29,482	28,017
AMERICAN INTL GROUP	28,739	33,037
AMERICAN WATER WORKS	22,188	25,373
AON PLC CLASS A	42,356	42,304
ASML HLDG N V ADR	42,562	38,433
COSTAR GROUP INC	19,903	21,551
MSCI INC	40,191	42,978
NVIDIA CORP	14,960	13,222
PAYCOM SOFTWARE INC	22,028	26,218
SHOPIFY	34,930	49,650
SPDR BLOOMBERG	14,270	14,310
VERIZON COMMUNICATIONS	24,411	24,948

- TIN:

TY 2024 InvestmentsLandSchedule2

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value
COMM'L BLDGS - OCEAN	103,145	101,525	1,620
LAND - OCEAN & MISSION	386,855	0	386,855
ROOF - OCEAN & MISSION	30,000	15,380	14,620
ROOF - OCEAN & MISSION	17,947	9,143	8,804
IMPROVEMENTS - OCEAN	2,762	1,065	1,697
IMPROVEMENTS - OCEAN	107,889	40,917	66,972
WATER METER - OCEAN	12,742	3,938	8,804
WATER METER - OCEAN 2	13,141	4,002	9,139
WATER RIGHTS - OCEAN	44,473	4,447	40,026

- TIN:

TY 2024 LegalFeesSchedule

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL	2,130	1,065		1,065

- TIN:

TY 2024 OtherAssetsSchedule

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
SECURITY DEPOSIT	1,100	1,100	1,100
NET INTANGIBLE ASSETS WATER RIGHTS - OCEAN	40,026	40,026	40,026

- TIN:

TY 2024 OtherExpensesSchedule

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
DUES AND SUBSCRIPTIONS	850	0	850
INSURANCE	3,408	0	3,408
OFFICE SUPPLIES & EXPENSES	4,983	0	4,983
SECURITY	0	0	0
MANAGEMENT FEES	5,375	5,375	0
REPAIRS	270	270	0
UTILITIES	2,530	2,530	0

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	1		0

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Description	Beginning of Year - Book Value	End of Year - Book Value
RENTAL DEPOSITS	11,800	11,800

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISOR FEES	91,995	91,995		0

- TIN:

TY 2024 TaxesSchedule

Name:

BARNET SEGAL CHARITABLE TRUST

EIN:

77-6024786

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROPERTY TAXES	10,833	10,833		0