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 01-01-2024 , and ending 12-31-2024

Name of foundation
The Picard Family Foundation

% Foundation Source

Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377

A Employer identification number

81-4548446

B Telephone number (see instructions)

(800) 839-1754

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

$1,545,007J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	46		46
4	Dividends and interest from securities...	32,177		32,177
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		127,600
b	Gross sales price for all assets on line 6a 1,034,394
7	Capital gain net income (from Part IV, line 2)...			127,600
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).......
12	Total. Add lines 1 through 11........	159,823		159,823
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	20,646	20,646
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,780	780
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	12,225	528		11,697
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	34,651		21,954		11,697
25	Contributions, gifts, grants paid.......	129,000				129,000
26	Total expenses and disbursements. Add lines 24 and 25	163,651		21,954		140,697
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,828
b	Net investment income (if negative, enter -0-)			137,869
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	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.............
	2	Savings and temporary cash investments.........	36,533	36,742	36,742
	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)	64,748	List of Attached Documents: // Content 72,612	59,251
	b	Investments—corporate stock (attach schedule).......	1,034,024	List of Attached Documents: // Content 1,029,063	1,349,803
	c	Investments—corporate bonds (attach schedule).......	111,217	List of Attached Documents: // Content 104,277	99,211
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	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)	1,246,522	1,242,694	1,545,007
	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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	1,246,522	1,242,694
	29	Total net assets or fund balances (see instructions).....	1,246,522	1,242,694
	30	Total liabilities and net assets/fund balances (see instructions).	1,246,522	1,242,694

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

1,246,522

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

-3,828

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

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

1,242,694

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 .

1,242,694

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	Publicly-traded Securities
b
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	1,034,394	906,794	127,600
b
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			127,600
b
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	127,600
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	1,916
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
3	Add lines 1 and 2...........................	3	1,916
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,916
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	1,262
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	700
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,962
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		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	46
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax46	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

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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

The books are in care of right arrow

Foundation Source Telephone no. right arrow

(800) 839-1754

Located at right arrow

501 Silverside Road Suite 123WilmingtonDE ZIP+4 right arrow

198091377

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)

(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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Alexandra Picard	Dir, Pres, Treas 1.0	0	0	0
Foundation Source 501 Silverside Rd Wilmington,DE198091377	Dir, Pres, Treas 1.0	0	0	0

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










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

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

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

1,498,518

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

39,912

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

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

1,538,430

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

1,538,430

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

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

23,076

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

1,515,354

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

75,768

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

75,768

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

1,916

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

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

1,916

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

73,852

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

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

73,852

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

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

73,852

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 ..........

140,697

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. .......

140,697

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2024
1 Distributable amount for 2024 from Part X, line 7			73,852
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......	60,830
b From 2020......	175,584
c From 2021......	1,611
d From 2022......
e From 2023......
f Total of lines 3a through e ........		238,025
4Qualifying distributions for 2024 from Part
XI, line 4: $ 140,697
a Applied to 2023, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....			73,852
e Remaining amount distributed out of corpus		66,845
5 Excess distributions carryover applied to 2024.
(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		304,870
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
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) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		60,830
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		244,040
10 Analysis of line 9:
a Excess from 2020....	175,584
b Excess from 2021....	1,611
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....	66,845

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).)

Alexandra Picard

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
BAYLOR UNIVERSITY 1 BEAR PL UNIT 97042 WACO,TX76798	N/A	PC	General & Unrestricted	40,000
NORTHWEST SYMPHONY ORCHESTRA PO BOX 16231 SEATTLE,WA98116	N/A	PC	General & Unrestricted	7,500
ODEA HIGH SCHOOL 802 TERRY AVE SEATTLE,WA98104	N/A	PC	General & Unrestricted	50,000
THE HEALING CENTER PO BOX 22004 SEATTLE,WA98122	N/A	PC	General & Unrestricted	5,000
VILLA ACADEMY 5001 NE 50TH ST SEATTLE,WA98105	N/A	PC	General & Unrestricted	15,000
WATTS FOUNDATION PO BOX 16272 SEATTLE,WA98116	N/A	PC	General & Unrestricted	10,000
WILD TERRA FOUNDATION 4111 E MADISON ST 76 SEATTLE,WA98112	N/A	PC	General & Unrestricted	1,500
Total ................................. 3a				129,000

bApproved for future payment

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

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	46
4 Dividends and interest from securities ....			14	32,177
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	127,600
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				159,823

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

159,823

(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:

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

TY 2024 DepreciationSchedule

Name:

The Picard Family Foundation

EIN:

81-4548446

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	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

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

TY 2024 ExpenditureResponsibilityStmt

Name:

The Picard Family Foundation

EIN:

81-4548446

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Results of Verification
PICABU FOUNDATION	501 SILVERSIDE RD STE 123 WILMINGTON,DE19809	2023-07-05	1,273,701	capital endowment	91,054	NO	12/26/2024	NONE NECESSARY
PICABU FOUNDATION	501 SILVERSIDE RD STE 123 WILMINGTON,DE19809	2023-07-07	118,241	capital endowment	0	NO	12/26/2024	NONE NECESSARY
PICABU FOUNDATION	501 SILVERSIDE RD STE 123 WILMINGTON,DE19809	2023-07-18	48,690	CAPITAL ENDOWMENT	0	NO	12/26/2024	NONE NECESSARY
DEAD RELATIVES FOUNDATION	501 SILVERSIDE RD STE 123 WILMINGTON,DE19809	2023-07-05	1,273,358	CAPITAL ENDOWMENT	42,156	NO	02/03/2025	none necessary
DEAD RELATIVES FOUNDATION	501 SILVERSIDE RD STE 123 WILMINGTON,DE19809	2023-07-17	120,027	CAPITAL ENDOWMENT	0	NO	02/03/2025	none necessary
DEAD RELATIVES FOUNDATION	501 SILVERSIDE RD STE 123 wilmington,DE19809	2023-07-18	227,190	capital endowment	0	NO	02/03/2025	NONE NECESSARY

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

The Picard Family Foundation

EIN:

81-4548446

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC - 3.600% - 05/14/20	1,917	1,992
AMAZON COM INC - 3.875% - 08/2	2,293	1,767
AMERICAN EXPRESS CO - 1.650% -	3,015	2,843
ANHEUSER BUSCH INBEVFIN INC -	2,125	1,896
ANTHEM INC NOTE - 4.101% - 03/	2,013	1,956
AT&T INC - 4.350% - 03/01/2029	2,384	1,958
BANK OF NOVA SCOTIA - 3.450% -	2,953	2,988
BK OF AMERICA CORP - 2.087% -	2,953	2,722
BLACKROCK INC - 2.400% - 04/30	2,059	1,776
BROADCOM CORP/BROADCOM CAYMAN	1,914	1,969
CAPITAL ONE FINL CORP NOTE - 3	1,869	1,952
COMCAST - 4.250% - 10/15/2030	2,324	1,928
CSX CORP - 0.000% - 11/01/2026	1,968	1,933
CVS CAREMARK CORP NOTE - 4.300	1,148	969
DEERE JOHN CAPITAL CORP MTN -	2,016	2,010
ENERGY TRANSFER PARTNERS DTD -	1,950	1,996
ENTERGY CORP - 0.900% - 09/15/	3,011	2,918
EXPRESS SCRIPTS NOTE - 4.500%	2,116	1,990
GENERAL MTRS FINL COINC NOTE -	1,917	1,977
GOLDMAN SACHS GROUP INC NOTE -	1,786	1,897
HONDA MOTOR CO LTD NOTE - 2.53	2,967	2,867
HUMANA INC - 5.375% - 04/15/20	2,971	2,976
INTEL CORP - 2.450% - 11/15/20	3,065	2,633
JPMORGAN CHASE - 1.953% - 02/0	1,643	1,658
KINDER MORGAN INC - 5.000% - 0	1,996	1,994
METLIFE INC - 5.375% - 07/15/2	2,878	3,032
MORGAN STANLEY SER I MTN - 4.6	2,981	2,996
NISOURCE - 0.950% - 08/15/2025	2,011	1,951
NVIDIA CORP - 2.850% - 04/01/2	3,300	2,749
ORACLE CORP - 2.950% - 05/15/2	1,914	1,986
ORACLE CORP NOTE CALL MAKE WHO	2,665	2,640
PFIZER INVT - 4.450% - 05/19/2	1,929	1,982
PHILP MORRIS - 5.125% - 02/15/	2,011	2,009
ROYAL BK CDA SER I MTN - 3.625	1,997	1,954
SHELL INTL FIN NT - 6.375% - 1	2,660	2,178
SIMON PPTY GROUP - 3.500% - 09	3,259	2,979
STARBUCKS CORP 2.25% 03/12/203	2,081	1,754
THERMO FISHER - 5.000% - 01/31	2,021	2,017
TORONTO DOMINION BANK MTN - 1.	1,969	1,889
TOYOTA MTR CR CORP MTN CALL MA	1,945	1,935
TRUIST FINANCIAL CORP - 4.916%	3,015	2,835
UNITEDHEALTH GROUP INC - 5.800	2,351	2,064
WELLS FARGO &CO - 2.879% - 10/	2,789	2,707
WELLS FARGO - 3.000% - 02/19/2	2,009	1,995
WESTPAC BKG CORP NOTE - 2.350%	2,119	1,994

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

The Picard Family Foundation

EIN:

81-4548446

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AAON, INC	2,149	2,942
ACADIA HEALTHCARE CO INC	3,333	2,062
ADIDAS AG	5,187	7,306
AIA GROUP LTD ADR	7,173	7,349
AIRBNB	3,660	3,548
AIRBUS GROUP	6,759	8,724
ALAMO GP INC	1,375	1,859
ALIBABA GROUP HOLDING LTD	8,730	10,260
ALLY FINANCIAL INC	5,726	6,266
ALPHABET INC CL A	17,535	25,366
ALPHABET INC CL C	4,390	11,617
AMAZON COM	14,158	24,352
AMER INTERNATIONAL GROUP INC	8,715	10,410
AMERICAN CAPITAL AGENCY CORP	2,927	2,984
AMERICAN HOMES 4 RENT	1,194	1,347
ANTERO RESOURCES CORPORATION	2,103	2,804
APA CORPORATION	4,599	4,549
ARTISAN PARTNERS ASSET MANAGEM	2,752	3,186
ASML HOLDING NV NY REG SHS	5,342	5,545
ASTRAZENECA	8,432	8,387
AUTODESK, INC	1,347	10,936
AVALONBAY CMNTYS INC	2,451	2,860
BANK NEW YORK MELLON CORP COM	5,189	8,605
BANK OF AMERICA CORP	5,168	7,955
BAXTER INTERNATIONAL INC	2,838	2,333
BEACON ROOFING SUPPLY, INC	2,862	4,673
BLACKROCK INC	1,494	2,050
BLOCK INC	1,968	3,740
BOEING CO	15,435	16,461
BORG WARNER INC	3,189	3,211
BRIXMOR PPTY GROUP INC COM	1,303	1,503
BRUKER CORPORATION	2,195	2,228
BUNZEL PUB LTD.	1,374	1,316
BWX TECHNOLOGIES INC	2,246	2,785
CADENCE BANCORPORATION	2,431	3,617
CAMECO CORPORATION	2,980	6,578
CANADIAN PACIFIC RAILWAY LTD	5,616	5,283
CAPITAL ONE FINANCIAL CORP	4,880	8,381
CAPRI HOLDINGS LTD.SHS	2,387	2,296
CARETRUST REIT, INC	967	974
CARLYLE GROUP	3,658	3,585
CBRE GROUP	4,312	7,746
CELANESE CORPORATION	3,251	1,799
CELESTICA INC. SV	2,395	4,246
CENTENE CORP	7,208	7,270
CHARLES SCHWAB CORP	6,694	10,509
CHARTER COMMUNICATIONS, INC	6,066	7,198
CIENA CORP	2,235	3,138
CITIGROUP INC	7,324	10,981
COLUMBUS MCKINNON CORPORATION	1,296	1,229
COMCAST CORP	6,552	6,455
COMERICA INC	4,574	5,257
CONOCOPHILLIPS	8,712	8,033
COREBRIDGE FINANCIAL INC	3,184	3,262
CORTEVA INC	6,650	6,949
COTY INC	2,225	1,942
CULLEN FROST BANKERS INC	3,338	3,893
CURBLINE PROPERTIES CORP	651	650
CUSHMAN & WAKEFIELD PLC	3,660	4,382
CVS CAREMARK CORP	3,554	2,693
CYBERARK SOFTWARE LTD	2,562	5,997
DAIICHI SANKYO CO LTD SPONSORE	7,233	6,768
DEERE CO	11,535	12,711
DELTA AIR LINES INC	3,944	5,808
DEUTSCHE TELE AG ADS	6,704	10,119
DIAGEO PLC ADS	3,347	3,178
DIGITAL RLTY TR INC	2,890	3,547
ELEMENT SOLUTIONS INC	4,514	5,951
ELEVANCE HEALTH INC	4,857	4,427
EOG RESOURCES INC	6,803	7,600
EQUIFAX INC	4,354	5,097
EQUINIX, INC	3,895	4,714
EXPEDITORS INTL WASH INC	1,691	4,098
FABRINET INC	1,348	2,419
FACTSET RESH SYST INC	911	4,323
FERRARI NV	1,682	3,399
FIRST AMERICAN CORP	4,087	4,433
FIRST CITIZENS BANCSHARES INC	4,248	6,339
FIRSTCASH HOLDINGS INC	2,872	2,694
FISERV, INC	4,581	9,038
FOMENTO ECONOMICO MEXICANO	4,898	4,702
FORTUNE BRANDS INNOVATIONS INC	4,392	4,920
GAMING AND LEISURE PROPERTIES,	1,710	1,734
GATX CORP INC	1,581	2,169
GE HEALTHCARE TECHNOLOGIES INC	3,589	3,518
GENERAL MOTORS	7,590	10,920
GENMAB A/S SPON	3,891	3,527
GENUINE PARTS COMPANY	3,045	2,802
GILDAN ACTIVEWEAR INC	2,424	3,011
GLOBAL PAYMENTS INC	6,414	6,948
GLOBUS MEDICAL INC	2,013	2,481
GXO LOGISTICS	2,294	2,219
H AND E EQUIPMENT SERVICES INC	1,494	1,371
HAWKINS INC	1,387	1,349
HDFC BANK LTD ADR	9,162	10,281
HEALTHCARE REALTY TRUST	775	780
HEALTHEQUITY INC	2,845	3,550
HIGHWOODS PRPTY INC	1,214	1,223
HUNTINGTON INGALLS INDUSTRIES	1,974	1,890
ILLUMINA INC COM	2,812	3,608
INDEPENDENCE REALTY TR	1,021	1,091
INFOSYS TECH LTD SPD ADR	5,110	6,554
INSIGHT ENTERPRISES, INC	982	2,129
INSTALLED BUILDING PRODUCTS IN	2,280	3,330
INTERCONTINENTAL EXCHANGE, INC	5,889	8,941
INTUITIVE SURGICAL	2,219	5,742
IQVIA HOLDINGS INC	8,417	7,860
IRON MOUNTAIN	1,542	1,682
ITAU UNIBANCO HOLDING S.A	4,994	4,097
JBT MAREL CORPORATION	2,740	2,796
KENVUE INC	5,081	5,871
KERRY GROUP PLC	7,507	8,995
KEURIG DR PEPPER INC	5,257	5,139
KILROY REALTY CP	673	849
KION GROUP AG GERMANY	4,565	5,603
KIRBY CORPORATION	1,122	1,375
KITE RLTY GROUP TRUST	1,167	1,136
KROGER CO	6,417	8,683
L'AIR LIQUIDE ADR OTC	2,623	3,419
LASERTEC ADR	4,526	2,997
LEXINGTON REALTY TRUST	1,764	1,559
LIBERTY BROADBAND CORPORATION	1,629	2,392
LINCOLN ELECTRIC HOLDING INC	1,334	1,312
LONZA GROUP AG UNSP/ADR	5,034	6,995
LOOMIS SAYLES HIGH INCOME OPPO	41,095	37,479
LOOMIS SAYLES SECURITIZED ASSE	108,817	91,848
LVMH MOET HENN UNSP	4,173	4,051
MACERICH CO	1,354	1,673
MAGNA INTERNATIONAL INC	3,507	3,427
MANPOWER GROUP INC	1,735	1,616
MANULIFE FIN CORP	2,280	3,624
MASCO CORP	3,029	4,572
MATADOR RESOURCES COMPANY	2,617	2,532
MATERION CORP	3,319	2,868
MAXLINEAR INC	822	1,187
MERCK & CO INC	5,810	5,670
META PLATFORMS INC	5,505	27,519
MFA MTG INVTS INC	2,554	2,435
MICROSOFT CORP	1,850	16,017
MID-AMERICA APT COMMUNITIES IN	2,288	2,319
MITSUBISHI UFJ FINANCIAL GROUP	5,696	6,153
MONSTER BEVERAGE CORP	3,503	8,725
MURATA MFG INC UNSP/ADR	6,052	5,249
MURPHY OIL CP HLDG	2,672	2,512
NASDAQ OMX GROUP	5,526	6,958
NATIONAL RETAIL PROPERTIES INC	2,656	2,819
NETFLIX INC	4,460	22,283
NIDEC CORPORATION ADR	3,542	3,260
NIKE INC-CL B	3,255	3,254
NORSK HYDRO ASA	3,988	3,752
NOVARTIS AG ADR	3,089	3,503
NOVO NORDISK A S	2,852	6,365
NVIDIA CORP	936	35,454
NXP SEMICONDUCTORS	4,468	4,365
ORACLE CORP	7,049	17,997
OSHKOSH CORP	1,170	1,046
PAN PAC INTL HLDGS UNSPONSORED	5,669	8,375
PAYPAL HOLDINGS, INC	2,219	3,329
PERMIAN RESOURCES CORP CLASS A	2,161	2,459
PHILLIPS 66	9,010	8,203
PHILLIPS EDISON AND COMPANY OR	789	787
PING AN INSURANCE GROUP ADR	5,457	7,391
PORTLAND GEN ELEC	2,740	2,704
PROLOGIS	5,301	4,862
PROSPERITY BANC SHARES, INC	2,498	3,240
PRUDENTIAL PLC SC	6,478	6,121
PUBLIC STORAGE INC	3,754	3,593
QUALCOMM INC	1,865	5,530
RAMBUS, INC	1,284	1,744
REALTY INCOME CORP	3,295	3,258
RED ROCK RESORTS INC	2,917	2,959
REGENERON PHARMACEUTICALS INC	5,509	6,411
REINSURANCE GROUP AMER INC	2,781	3,418
ROCHE HOLDING LTD ADR	2,628	2,930
RUSH ENTERPRISES, INC	2,101	3,123
RXO INC. COMMON STOCK	2,607	2,670
RYMAN HOSPITALITY PROPERTIES	766	835
SALESFORCE.COM	7,274	12,036
SAP AKTIENGESELL ADS	2,424	5,170
SEALED AIR CORP	2,132	1,996
SEI INVESTMENTS	921	4,371
SELECTIVE INS GROUP INC	3,227	3,460
SHELL ADR EACH REPRESENTING 2	4,636	5,513
SHIN-ETSU CHEMICAL C	2,476	3,866
SHISEIDO CO LTD	3,003	2,885
SHOPIFY INC	3,884	9,463
SIEMENS AG	4,334	5,897
SIKA AG BEARER SHS	6,205	5,284
SIMON PPTY GROUP INC	1,225	1,550
SKYLINE CHAMPION CORP	1,103	1,586
SONY GROUP CORP	5,854	7,723
SOUTHERN COPPER CORP	4,886	5,832
STAG INDUSTRIAL INC	2,630	2,739
STARBUCKS CORP COM	5,485	5,658
STATE STREET CORPORATION	5,480	7,754
SYMRISE AG UNSPONSORED	3,261	3,380
TAIWAN SEMICONDUCTOR MFG CO LT	3,598	9,085
TE CONNECTIVITY LTD	3,311	3,574
TENCENT HOLDINGS LIMITED	7,572	10,264
TESLA MOTORS INC	12,048	33,520
THERMO FISHER SCIENTIFIC INC	3,966	4,162
THOR INDS INC	6,245	7,274
TORAY INDUSTRIES INC	5,327	6,755
TRANSMEDICS GROUP INC	1,731	1,060
TREASURY WINE ESTATES ADR	6,179	5,648
UNITED BANKSHARES, INC	2,345	2,929
VALMONT INDUSTRIES INC	1,902	2,453
VALVOLINE INC	2,634	2,677
VENTAS INC	1,753	1,708
VERTEX PHARMCTLS INC	6,032	9,665
VISA INC	11,362	18,962
VORNADO RLTY TR	920	925
WAL-MART DE MEX V SP/ADR	7,587	6,653
WALT DISNEY HOLDINGS CO	7,786	10,133
WARBY PARKER ORD SHS CLASS A	1,643	2,954
WARNER BROS. DISCOVERY, INC	4,846	4,926
WARNER MUSIC GRP CRP	2,804	2,914
WELLS FARGO & CO	3,314	7,937
WELLTOWER INC.	3,523	4,789
WESTERN ALLIANCE BANCORPORATIO	4,798	5,179
WILLIS TOWERS WATSON	5,395	7,831
WORKDAY INC	1,709	3,096
WORLDLINE	3,810	4,633
YUM BRANDS INC	1,165	3,220
YUM CHINA HOLDINGS INC	916	1,445
ZIONS BANCORP	3,351	4,720

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

The Picard Family Foundation

EIN:

81-4548446

US Government Securities - End of Year Book Value:

70,602

US Government Securities - End of Year Fair Market Value:

57,281

State & Local Government Securities - End of Year Book Value:

2,010

State & Local Government Securities - End of Year Fair Market Value:

1,970

- TIN:

TY 2024 OtherExpensesSchedule

Name:

The Picard Family Foundation

EIN:

81-4548446

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	11,672		11,672
Bank Charges	528	528
State or Local Filing Fees	25		25

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

The Picard Family Foundation

EIN:

81-4548446

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	20,646	20,646

- TIN:

TY 2024 TaxesSchedule

Name:

The Picard Family Foundation

EIN:

81-4548446

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024	1,000
Foreign Tax Paid	780	780