Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
ADAMS FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4351 GULF SHORE BOULEVARD N 14N
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NAPLES, FL34103
A Employer identification number

46-1605016
B Telephone number (see instructions)

(239) 649-6209
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$66,873,902J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,089,828 1,089,828  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,572,873
b Gross sales price for all assets on line 6a 35,349,586
7 Capital gain net income (from Part IV, line 2)... 6,572,873
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)....... Click to see attachment
List of Attached Documents:
// Content
-9,310 -5,389  
12 Total. Add lines 1 through 11........ 7,653,391 7,657,312  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,500 10,250   10,250
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
122,524 122,524   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
107,255 2,255   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
55,484 55,287   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 305,763 190,316   10,250
25 Contributions, gifts, grants paid....... 3,328,000 3,328,000
26 Total expenses and disbursements. Add lines 24 and 25 3,633,763 190,316   3,338,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,019,628
b Net investment income (if negative, enter -0-) 7,466,996
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2 20,005 20,005
2 Savings and temporary cash investments......... 5,654,104 6,371,618 6,371,618
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 7,244,393 Click to see attachment
List of Attached Documents:
// Content
7,709,696 		7,572,513
b Investments—corporate stock (attach schedule)....... 35,867,152 Click to see attachment
List of Attached Documents:
// Content
38,072,986 		46,988,189
c Investments—corporate bonds (attach schedule)....... 4,530,750 Click to see attachment
List of Attached Documents:
// Content
4,423,178 		4,406,893
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 832,296 Click to see attachment
List of Attached Documents:
// Content
1,272,473 		1,514,684
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 54,128,697 57,869,956 66,873,902
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 54,128,697 57,869,956
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 54,128,697 57,869,956
30 Total liabilities and net assets/fund balances (see instructions). 54,128,697 57,869,956
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
54,128,697
2
Enter amount from Part I, line 27a .....................
2
4,019,628
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
157,842
4
Add lines 1, 2, and 3 ..........................
4
58,306,167
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
436,211
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
57,869,956
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a FIFTH AVENUE PRIVATE EQUITY 16 LLC ST P 2024-01-01 2024-12-31
b BESSEMER A/C #N5049 ST COVERED P 2024-01-01 2024-12-31
c BESSEMER A/C #N5048 ST COVERED P 2024-01-01 2024-12-31
d BESSEMER A/C #N5047 ST COVERED P 2024-01-01 2024-12-31
e BESSEMER A/C #N5046 ST COVERED P 2024-01-01 2024-12-31
BESSEMER A/C #Y42 ST COVERED P 2024-01-01 2024-12-31
BESSEMER A/C #Y39 ST COVERED P 2024-01-01 2024-12-31
BESSEMER A/C #Y42 ST NON COVERED P 2024-01-01 2024-12-31
FIFTH AVENUE PRIVATE EQUITY 16 LLC LT P 2024-01-01 2024-12-31
BESSEMER A/C #Y42 LT COVERED P 2024-01-01 2024-12-31
BESSEMER A/C #Y39 LT COVERED P 2024-01-01 2024-12-31
BESSEMER A/C #Y42 LT NON COVERED P 2024-01-01 2024-12-31
BESSEMER A/C #Y39 LT NON COVERED P 2024-01-01 2024-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,963     2,963
b 14,927   13,596 1,331
c 79,341   76,150 3,191
d 63,104   63,504 -400
e 317,600   338,035 -20,435
4,919,141   4,897,102 22,039
1,398,288   1,398,439 -151
196,869   196,946 -77
20,728     20,728
4,435,514   4,433,020 2,494
23,188,584   17,353,596 5,834,988
6,437   6,325 112
554     554
705,536     705,536
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       2,963
b       1,331
c       3,191
d       -400
e       -20,435
      22,039
      -151
      -77
      20,728
      2,494
      5,834,988
      112
      554
      705,536
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 6,572,873
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 103,791
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........................... 3 103,791
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- ..... 5 103,791
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 109,883
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 117,383
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 13,592
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow13,592 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowFL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowNANNETTE HENDEL Telephone no.right arrow (236) 649-6209

Located atright arrow4351 GULF SHORE BOULEVARD N 14NNAPLESFL ZIP+4right arrow34103
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
PATRICK F ADAMS TRUSTEE
1.00 		0 0 0
4351 GULF SHORE BLVD N APT 14N
NAPLES,FL34103
NANNETTE HENDEL CO-TRUSTEE/DIRECTOR OF PHILANTHROPY
8.00 		0 0 0
1142 FOX HILL RD
CHESHIRE,CT06410
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
BESSEMER TRUST INVESTMENT MGMT FEESINVESTMENT MANAGEMEN 122,524
3777 TAMIAMI TRAIL NORTH SUITE 200
NAPLES,FL341033719
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 N/A 0
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 arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
66,132,303
b
Average of monthly cash balances.......................
1b
10,473
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
66,142,776
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
66,142,776
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
992,142
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
65,150,634
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,257,532
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,257,532
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
103,791
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
103,791
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,153,741
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,153,741
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,153,741
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,338,250
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,338,250
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 3,153,741
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 326,903
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......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,338,250
a Applied to 2023, but not more than line 2a 326,903
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..... 3,011,347
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		142,394
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
PATRICK F ADAMS
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ANIMAL DEFENSE LEAGUE

11300 NACOGDOCHES RD
SAN ANTONIO,TX78217 		NONE PC FOR MISSION SUPPORT 25,000

ARCHDIOCESE FOR THE MILITARY SERVICES

1025 MICHIGAN AVENUE NE
WASHINGTON,DC20017 		NONE PC FOR MISSION SUPPORT 25,000

ASHEVILLE HUMANE SOCIETY

14 FOREVER FRIEND LANE
ASHEVILLE,NC28806 		NONE PC FOR MISSION SUPPORT 10,000

BOYS TOWN

14100 CRAWFORD STREET
BOYS TOWN,NE68010 		NONE PC FOR MISSION SUPPORT 50,000

BROTHER WOLF ANIMAL RESCUE

23 HERITAGE DR
ASHEVILLE,NC28806 		NONE PC FOR MISSION SUPPORT 10,000

CARDINAL HAYES HOME FOR CHILDREN

60 ST JOSEPH DRIVE
MILLBROOK,NY125450140 		NONE PC FOR MISSION SUPPORT 10,000

CATHOLIC MEDICAL MISSION BOARD

100 WALL STREET 9TH FLOOR
NEW YORK,NY10005 		NONE PC FOR MISSION SUPPORT 253,000

CHRISTIAN APPALACHIAN PROJECT

441 KY-2417
CORBIN,KY40701 		NONE PC FOR MISSION SUPPORT 10,000

CNEWA

1011 FIRST AVE FLOOR 15
NEW YORK,NY100224195 		NONE PC FOR MISSION SUPPORT 10,000

COVENANT HOUSE

5 PENN PLAZA
NEW YORK,NY10001 		NONE PC FOR MISSION SUPPORT 500,000

DOCTORS WITHOUT BORDERS USA

333 SEVENTH AVENUE 2ND FLOOR
NEW YORK,NY10001 		NONE PC FOR MISSION SUPPORT 50,000

DOMINICAN MISSIONS SECRETARIAT (BISHOP CHRIS)

2506 PINE STREET PO BOX
SAN FRANCISCO,CA15367 		NONE PC FOR MISSION SUPPORT 100,000

DOMINICAN SISTERS OF MARY MOTHER OF THE EUCHARIST

24 FRANK LLOYD WRIGHT DRIVE
ANN ARBOR,MI48106 		NONE PC FOR MISSION SUPPORT 25,000

FRANCISCAN FRIARS OF THE ATONEMENT

PO BOX 301
GARRISON,NY10524 		NONE PC FOR MISSION SUPPORT 100,000

GALILEE CHURCH OF GOD IN CHRIST

87 OLD QUOGUE RD
RIVERHEAD,NY11901 		NONE PC FOR MISSION SUPPORT 5,000

GOOD COUNSEL

600 MEADOWLANDS PARKWAY
SECAUCUS,NJ07094 		NONE PC FOR MISSION SUPPORT 25,000

GRACE CENTER FOUNDATION

PO BOX 112692
NAPLES,FL34108 		NONE PC FOR MISSION SUPPORT 150,000

JESUIT REFUGEE SERVCIES

1627 K ST NW1100
WASHINGTON,DC20006 		NONE PC FOR MISSION SUPPORT 50,000

MAIMONIDES MEDICAL CENTER

4802 10TH AVENUE
BROOKLYN,NY11219 		NONE PC FOR MISSION SUPPORT 185,000

MEMORIAL SLOAN KETTERING CANCER CENTER

633 3RD AVE 5TH FLOOR
NEW YORK,NY10017 		NONE PC FOR MISSION SUPPORT 100,000

MERCY HAVEN INC

859 CONNETQUOT AVENUE 10TH
ISLIP TERRACE,NY11752 		NONE PC FOR MISSION SUPPORT 25,000

MERCY HOME FOR BOYS & GIRLS

1140 W JACKSON BLVD
CHICAGO,IL60607 		NONE PC FOR MISSION SUPPORT 25,000

NEWMAN CATHOLIC CAMPUS MINISTRIES AT UMD (BULLDOG CATHOLIC)

421 W ST MARIE ST
DULUTH,MN55811 		NONE PC FOR MISSION SUPPORT 25,000

OUR LADY OF VICTORY HOMES OF CHARITY

780 RIDGE ROAD
LACKAWANNA,NY14218 		NONE PC FOR MISSION SUPPORT 100,000

PADRE PIO FOUNDATION OF AMERICA

463 MAIN ST
CROMWELL,CT064162018 		NONE PC FOR MISSION SUPPORT 25,000

PRISON FELLOWSHIP

44180 RIVERSIDE PARKWAY
LANSDOWNE,VA20176 		NONE PC FOR MISSION SUPPORT 25,000

PROJECT ALS

20 PARK AVE
NEW YORK,NY10016 		NONE PC FOR MISSION SUPPORT 50,000

RONALD MCDONALD HOUSE CHARITIES

267-07 76TH AVENUE
QUEENS,NY11040 		NONE PC FOR MISSION SUPPORT 25,000

SALVATION ARMY

615 SLATERS LN
ALEXANDRIA,NY22314 		NONE PC FOR MISSION SUPPORT 60,000

SAN MIGUEL ACADEMY

245 RENWICK ST
NEWBURGH,NY12550 		NONE PC FOR MISSION SUPPORT 50,000

SISTERS FOR LIFE INC

1143 S 6TH ST
LOUISVILLE,KY40203 		NONE PC FOR MISSION SUPPORT 10,000

SMILE TRAIN

633 3RD AVENUE 9TH FLOOR
NEW YORK,NY10017 		NONE PC FOR MISSION SUPPORT 25,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE PC FOR MISSION SUPPORT 100,000

ST PATRICK CATHOLIC CHURCH

9 CLINTON AVE
BAYSHORE,NY11706 		NONE PC FOR MISSION SUPPORT 30,000

ST PIUS X

268 OLD TAPPAN ROAD
OLD TAPPAN,NJ07675 		NONE PC FOR MISSION SUPPORT 50,000

THE ALFRED E SMITH MEMORIAL FOUNDATION

1011 1ST AVE 14TH FLOOR
NEW YORK,NY100221302 		NONE PC FOR MISSION SUPPORT 150,000

THE BOWERY MISSION

432 PARK AVENUE SOUTH 3RD FLOOR
NEW YORK,NY10016 		NONE PC FOR MISSION SUPPORT 100,000

THE CARDINAL'S ANNUAL STEWARDSHIP APPEAL

1011 1ST AVE 14TH FLOOR
NEW YORK,NY100221302 		NONE   FOR MISSION SUPPORT 100,000

THE SHEEN CENTER FOR THOUGHT & CULTURE

18 BLEECKER ST
NEW YORK,NY10012 		NONE PC FOR MISSION SUPPORT 60,000

TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		NONE PC FOR MISSION SUPPORT 100,000

UJA-FEDERATION OF NEW YORK

130 EAST 59TH STREET
NEW YORK,NY100221302 		NONE PC FOR MISSION SUPPORT 200,000

VINCENTIAN INTERNATIONAL MISSION SERVICES

13245 TESSON FERRY ROAD
ST LOUIS,MO631283888 		NONE PC FOR MISSION SUPPORT 10,000

VINCENTIAN SOLIDARITY OFFICE

500 EAST CHELTEN AVENUE
PHILADELPHIA,PA19144 		NONE PC FOR MISSION SUPPORT 290,000
Total .................................right arrow 3a 3,328,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,089,828  
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 ..... 523000        
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 6,572,873  
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) .. 0 7,662,701 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,662,701
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
7 NET INCOME/(LOSS) FROM LLC INVESTMENTS
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PWC TAX PREP FEES 20,500 10,250   10,250

TY 2024 InvestmentsCorpBondsSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Name of Bond End of Year Book Value End of Year Fair Market Value
AIR LEASE CORP 118,898 123,028
AMERICAN TOWER CORP 119,546 119,287
BANK OF AMERICA CORP 118,215 115,752
BHP BILLITON FIN USA LTD 164,117 166,553
BROADCOM INC 130,011 130,485
CAPITAL ONE FINANCIAL CO 116,454 120,863
CHARLES SCHWAB CORP 124,637 119,323
CHENIERE CORP CHRISTI HD 118,069 120,156
COREBRIDGE FINANCIAL INC 117,562 119,177
CVS HEALTH CORP 111,276 108,452
DIAMONDBACK ENERGY INC 128,971 125,244
DTE ENERGY CO 120,894 120,465
ELEVANCE HEALTH INC 121,133 119,859
ENERGY TRANSFER PARTNERS 124,067 114,808
GENERAL MOTORS FINL CO 123,988 127,275
GEORGIA POWER CO 124,862 122,967
GOLDMAN SACHS GROUP INC 124,911 122,441
HUNTINGTON BANCSHARES 120,153 120,008
JPMORGAN CHASE & CO 49,037 47,701
JPMORGAN CHASE & CO 47,243 42,682
L3HARRIS TECH INC 116,031 116,153
LABORATORY CORP OF AMER 124,267 119,552
MARRIOTT INTERNATIONAL 131,454 132,321
MARSH & MCLENNAN COS INC 124,465 123,484
MICROCHIP TECHNOLOGY INC 125,076 124,572
MORGAN STANLEY 157,401 153,615
PACIFIC GAS & ELECTRIC 121,176 121,944
PAYPAL HOLDINGS INC 119,959 127,930
PFIZER INVESTMENT ENTER 102,301 101,107
PUBLIC SERVICE ENTERPRIS 115,095 118,620
PUBLIC STORAGE 135,005 123,129
SDART 2023-1 B 106,671 108,663
SOUTHWEST AIRLINES CO 119,449 120,626
SUMITOMO MITSUI FINL GRP 117,925 123,137
TEXAS INSTRUMENTS INC 147,009 148,899
TOYOTA MOTOR CREDIT CORP 118,749 117,766
TRUIST FINANCIAL CORP 117,101 118,849

TY 2024 InvestmentsCorpStockSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES (ABT) 65,680 63,794
ABBVIE INC 86,653 83,163
ADYEN NV ADR (ADYEY) 61,662 61,186
AGILENT TECHNOLOGIES (A) 58,453 57,631
AIA GROUP LTD 45,554 42,982
AIRBNB INC (ABNB) 14,078 13,666
ALEXANDRIA REAL EST EQ INC (ARE) 22,982 19,997
ALIMENTATION COUCHE-TARD I 151,301 169,602
ALPHABET INC CLASS C (GOOG) 273,129 296,134
ALPHABET INC CLASS C (GOOG) 108,962 621,405
ALPHABET INC CLASS C (GOOG) 191,008 213,292
ALPHABET INC. CLASS A (GOOGL) 58,215 65,687
AMAZON.COM INC (AMZN) 224,209 242,425
AMAZON.COM INC (AMZN) 102,520 111,230
AMAZON.COM INC (AMZN) 218,565 236,721
AMAZON.COM INC (AMZN) 186,406 591,475
AMEREN CORP (AEE) 110,202 142,534
AMERICAN TOWER CORP 28,579 23,659
AMETEK INC NEW (AME) 47,815 46,867
APOLLO GLOBAL MANAGEMENT I (APO) 108,993 119,080
APPLE INC (AAPL) 389,888 411,940
APPLE INC (AAPL) 135,258 701,426
APPLE INC (AAPL) 333,230 352,340
APPLIED MATERIALS (AMAT) 103,406 99,041
ASHTEAD GROUP 145,168 137,467
ASM INTERNATIONAL NV 15,343 30,187
ASML HOLDING 66,655 102,944
ASML HOLDING 80,748 72,625
ASML HOLDING 68,710 66,535
ASTRAZENECA PLC 129,788 118,972
ATLASSIAN CORP PLC (TEAM) 41,905 43,078
AUTOMATIC DATA PROCESSING (ADP) 27,764 27,223
AUTOZONE INC (AZO) 35,817 44,828
AVANTOR INC (AVTR) 106,524 88,388
AVI LTD 32,446 30,685
AXON ENTERPRISE INC (AXON) 76,693 82,016
BANCO BRADESCO ADR PFD (BBD) 38,198 31,776
BANCO DE CHILE ADR (BCH) 33,107 31,570
BANK CENTRAL ASIA TBK PT (PBCRY) 44,107 40,470
BANK OF AMERICA CORP (BAC) 177,524 267,567
BANK OF AMERICA CORP (BAC) 100,977 98,404
BERKSHIRE HATHAWAY CL B (BRKB) 135,245 131,904
BID CORP LTD 34,127 31,322
BJ'S WHOLESALE CLUB HOLDIN (BJ) 62,774 91,047
BLACKSTONE INC (BX) 101,168 97,417
BLACKSTONE INC (BX) 79,310 76,382
BLOCK INC (SQ) 45,566 45,809
BOOKING HLDGS INC (BKNG) 155,242 158,989
BOOZ ALLEN HAMILTON HLDGS (BAH) 72,579 85,456
BROADCOM INC (AVGO) 188,299 259,660
BROADCOM INC (AVGO) 131,454 188,485
BROADCOM INC (AVGO) 147,136 203,323
BROOKFIELD ASSET MANAGEMEN (BN) 141,516 198,030
BUILDERS FIRSTSOURCE INC (BLDR) 50,497 36,018
BWX TECHNOLOGIES INC (BWXT) 42,208 51,462
CADENCE DESIGN SYSTEMS INC (CDNS) 80,255 83,828
CAPITEC BANK HOLDINGS LTD 27,703 25,224
CARLISLE COS (CSL) 40,159 75,612
CATERPILLAR INC (CAT) 60,513 55,865
CBRE GROUP INC (CBRE) 85,998 85,863
CCC INTELLIGENT SOLUTIONS (CCCS) 51,572 52,022
CDW CORP/DE (CDW) 67,392 88,760
CENCORA INC (COR) 119,686 151,209
CENCORA INC (COR) 109,676 100,207
CHEVRON CORP (CVX) 70,788 65,033
CHEVRON CORP (CVX) 138,440 127,314
CHINA MEIDONG AUTO HOLDING 23,697 24,282
CHIPOTLE MEXICAN GRILL (CMG) 100,626 101,002
CLEAN HARBORS INC (CLH) 68,635 111,848
CLICKS GROUP LTD 11,316 10,146
CLOUDFLARE INC (NET) 33,994 37,257
CME GROUP INC (CME) 99,119 97,536
COCA-COLA COMPANY (KO) 42,910 40,967
COMCAST CORP 46,168 40,494
CONOCOPHILLIPS (COP) 139,016 212,719
CONSTELLATION SOFTWARE 125,641 151,328
COOPER COS INC (COO) 49,724 75,198
COPART INC (CPRT) 42,083 87,806
CORE & MAIN INC (CNM) 69,702 76,365
CORTEVA INC (CTVA) 58,651 54,225
COSTCO WHSL CORP NEW 153,834 149,352
COSTCO WHSL CORP NEW 65,730 125,528
COSTCO WHSL CORP NEW 59,523 57,725
CRH PLC (CRH) 87,528 118,333
CRH PLC (CRH) 80,865 76,421
CSL 96,687 90,405
DANAHER CORP (DHR) 101,009 94,574
DANAHER CORP (DHR) 183,452 198,331
DEERE & CO (DE) 22,494 21,608
DELTA ELECTRONICS INC (DLELY) 33,525 36,110
DEXCOM INC (DXCM) 42,870 42,695
DIAMONDBACK ENERGY INC 75,465 69,463
DOLLARAMA INC 30,078 27,972
DOLLARAMA INC 31,604 104,874
DOORDASH INC (DASH) 60,035 60,557
DR. REDDY'S LAB ADR (RDY) 41,075 43,864
DUKE ENERGY HLDG CORP (DUK) 69,986 64,644
EATON CORP PLC (ETN) 41,325 96,906
EATON CORP PLC (ETN) 95,018 87,281
ELEVANCE HEALTH INC 27,495 24,347
ENTEGRIS INC (ENTG) 38,151 35,661
ENTEGRIS INC (ENTG) 65,741 50,322
EPAM SYSTEMS INC (EPAM) 24,480 25,720
EQUIFAX INC (EFX) 46,153 79,768
EXXON MOBIL CORP (XOM) 60,476 54,860
FISERV INC (FI) 139,213 135,988
FISERV INC (FI) 182,896 240,341
FLUTTER ENTERTAINMENT PLC (FLUT) 59,518 59,185
FOMENTO ECONOMICO MEXICANO 52,915 48,712
FORTINET INC (FTNT) 76,341 79,646
FORTINET INC (FTNT) 128,225 176,961
GALLAGER ARTHUR J & CO (AJG) 82,712 78,910
GARTNER INC CL A (IT) 154,121 203,961
GE VERNOVA LLC (GEV) 44,608 42,431
GENUINE PARTS CO (GPC) 34,403 32,809
HDFC BANK LTD ADR REPS3 (HDB) 40,254 39,082
HDFC BANK LTD ADR REPS3 (HDB) 52,783 51,279
HILTON WORLDWIDE HOLDINGS (HLT) 64,659 158,429
HITACHI LTD 52,542 49,545
HOME DEPOT (HD) 99,935 93,357
HONEYWELL INTL INC (HON) 59,849 61,442
HOWMET AEROSPACE INC (HWM) 54,159 171,382
HOWMET AEROSPACE INC (HWM) 66,163 64,637
ICON PLC (ICLR) 46,553 45,926
IDEXX LABS CORP (IDXX) 45,689 42,170
ILLINOIS TOOL WORKS INC (ITW) 23,061 21,806
ILLUMINA INC (ILMN) 88,091 83,786
IMCD NV 31,292 30,114
INFOSYS LTD ADR (INFY) 41,951 41,560
ING GROEP NV 80,737 79,409
INTERCONTINENTAL EXCHG INC (ICE) 191,465 259,873
INTUITIVE SURGICAL (ISRG) 83,894 82,991
IRHYTHM TECHNOLOGIES INC (IRTC) 26,401 29,575
ISHARES CORE MSCI INTERNAT (IDEV) 742,651 702,723
ITOCHU CORP 81,454 79,984
JERONIMO MARTINS 35,397 35,766
JOHNSON & JOHNSON (JNJ) 46,507 42,807
JPMORGAN CHASE & CO (JPM) 215,950 218,855
JPMORGAN CHASE & CO (JPM) 86,623 306,349
JPMORGAN CHASE & CO (JPM) 158,212 160,126
KANSAI PAINT CO LTD 21,597 20,607
KENVUE INC (KVUE) 23,732 21,691
KEYENCE CORP 61,016 57,537
KEYSIGHT TECHNOLOGIES INC (KEYS) 99,651 101,196
KINDER MORGAN INC (KMI) 79,177 81,706
KKR & CO INC (KKR) 111,888 108,565
KLA CORPORATION (KLAC) 63,177 59,861
L3 HARRIS TECHNOLOGIES INC (LHX) 124,832 108,504
LG ELECTRONICS INC (LGEIY) 27,287 23,765
LILLY ELI & CO (LLY) 100,240 91,868
LIVE NATION ENTERTMNT INC 50,543 80,160
LONDON STOCK EXCHANGE 132,146 131,082
LOWES COS INC (LOW) 123,866 112,294
LOWES COS INC (LOW) 83,699 101,188
LVMH MOET HENNESSY VUITTON 81,938 79,226
LVMH MOET HENNESSY VUITTON 117,968 135,344
MAHINDRA & MAHINDRA LTD 36,955 38,090
MANHATTAN ASSOCIATES INC (MANH) 66,728 94,313
MARVELL TECHNOLOGY INC (MRVL) 90,213 224,323
MASTERCARD CL A (MA) 148,921 150,599
MCDONALD'S CORP (MCD) 63,775 62,616
MCKESSON CORP (MCK) 169,438 180,661
MEDPACE HOLDINGS (MEDP) 78,278 86,379
MEDTRONIC PLC (MDT) 21,183 19,251
MEITUAN 60,574 52,714
MERCADOLIBRE INC (MELI) 81,230 69,718
MERCADOLIBRE INC (MELI) 105,413 139,436
MERCK & CO INC NEW (MRK) 72,195 69,536
META PLATFORMS INC 151,028 419,225
META PLATFORMS INC 148,312 146,963
META PLATFORMS INC 196,593 194,974
METLIFE INC COM (MET) 83,998 80,815
MICROSOFT CORP (MSFT) 336,886 332,142
MICROSOFT CORP (MSFT) 472,086 465,336
MICROSOFT CORP (MSFT) 76,338 751,113
MITSUBISHI UFJ FINL GRP 95,540 98,041
MORGAN STANLEY GRP INC (MS) 81,339 80,837
MOTOROLA SOLUTIONS INC (MSI) 106,660 101,690
MOTOROLA SOLUTIONS INC (MSI) 136,666 232,963
MSCI INC (MSCI) 204,184 207,003
NASDAQ INC. (NDAQ) 48,944 108,697
NETEASE INC 40,076 41,466
NETFLIX INC (NFLX) 79,664 84,675
NEXTERA ENERGY INC (NEE) 56,518 50,899
NEXTERA ENERGY INC (NEE) 42,207 118,718
NEXTERA ENERGY INC (NEE) 122,382 109,614
NICE LTD ADR (NICE) 98,538 88,656
NIKE INC CL B (NKE) 32,388 31,024
NORTHROP GRUMMAN CORP (NOC) 47,183 43,643
NORTHROP GRUMMAN CORP (NOC) 117,965 125,769
NVIDIA CORP (NVDA) 133,710 687,564
NVIDIA CORP (NVDA) 439,455 424,356
NVIDIA CORP (NVDA) 143,244 138,318
NVIDIA CORP (NVDA) 340,314 328,607
NXP SEMICONDUCTORS NV (NXPI) 114,069 95,403
OLD DOMINION FREIGHT (ODFL) 54,346 43,923
ORACLE CORP (ORCL) 199,103 185,636
O'REILLY AUTO INC NEW (ORLY) 81,162 88,935
O'REILLY AUTO INC NEW (ORLY) 127,325 123,323
OW CREDIT INCOME FUND (OWCIX) 1,000,000 1,001,277
OW LARGE CAP STRATEGIES FD (OWLSX) 5,866,915 9,194,150
OW SMALL & MIDCAP STRAT FD (OWSMX) 7,317,218 7,126,478
PANDORA A/S 33,470 37,730
PENTAIR PLC (PNR) 58,889 56,358
PEPSICO INC (PEP) 22,586 20,680
PG & E CORP (PCG) 137,190 132,643
PHILIP MORRIS INTL INC (PM) 76,926 70,404
POOL CORP (POOL) 23,164 22,502
PROCTER & GAMBLE CO (PG) 40,572 39,062
PROLOGIS INC (PLD) 53,455 50,947
PRUDENTIAL FINANCIAL (PRU) 49,871 46,819
QUALCOMM INC (QCOM) 71,034 66,210
QUANTA SERVICES INC (PWR) 84,420 82,173
RAIA DROGASIL SA ADR (RADLY) 45,668 34,908
REPLIGEN CORP (RGEN) 20,091 20,295
ROLLS-ROYCE HOLDINGS PLC 97,318 93,162
ROSS STORES INC (ROST) 22,335 22,387
RYAN SPECIALTY HOLDNGS INC (RYAN) 67,407 93,032
S&P GLOBAL INC. (SPGI) 58,542 112,554
SAIA INC COM (SAIA) 51,671 79,297
SBA COMMUNICATIONS CORP (SBAC) 55,741 52,988
SCHLUMBERGER LTD (SLB) 210,271 153,360
SERVICENOW INC (NOW) 58,431 54,066
SF HOLDING CO LTD 4,160 4,195
SGS SA 20,221 19,953
SHOPIFY INC (SHOP) 58,348 63,053
SIEMENS ENERGY AG 54,495 58,362
SIKA AG ADR (SXYAY) 45,368 39,456
SIMON PROP GROUP (SPG) 87,986 85,071
SNOWFLAKE INC (SNOW) 28,484 29,337
SPDR S&P OIL & GAS EXPLORA (XOP) 31,301 30,709
SPDR S&P REGIONAL BK ETF (KRE) 27,503 24,743
SPOTIFY TECHNOLOGY SA (SPOT) 39,455 39,369
STERIS PLC (STE) 69,482 103,396
TAIWAN SEMI MFG CO ADR (TSM) 96,129 96,770
TAIWAN SEMI MFG CO ADR (TSM) 12,244 12,244
TAKE-2 INTERACTIVE 150,501 209,114
TARGET CORP (TGT) 32,764 32,172
TE CONNECTIVITY PLC (TEL) 31,945 30,452
TENCENT HOLDINGS LTD 147,701 149,250
TETRA TECH INC (TTEK) 17,382 16,493
TEXAS INSTRUMENTS INC (TXN) 48,096 45,002
THE HERSHEY COMPANY (HSY) 16,102 15,072
THERMO FISHER SCIENTIFIC (TMO) 83,359 182,600
TRADEWEB MARKETS INC (TW) 58,427 114,031
TRANSUNION (TRU) 170,150 239,562
TRUIST FINANCIAL CORP 40,016 38,781
UNICHARM 33,864 30,016
UNILEVER PLC GBP.03111 77,425 72,524
UNION PACIFIC CORP (UNP) 53,506 51,993
UNI-PRESIDENT CHINA HOLDIN 52,609 55,960
UNITED RENTALS INC (URI) 88,598 73,966
UNITEDHEALTH GROUP INC (UNH) 181,820 151,758
UNITEDHEALTH GROUP INC (UNH) 201,733 349,549
UNITEDHEALTH GROUP INC (UNH) 71,431 60,197
US FOODS HOLDING CORP (USFD) 54,413 135,459
UTILITIES SELECT SECT SPDR (XLU) 30,400 32,546
VERIZON COMMUNICATIONS 71,691 66,383
VISA INC (V) 205,990 456,677
VISA INC (V) 90,141 94,179
VISA INC (V) 87,459 91,651
VITASOY INTL HOLDINGS LTD 47,224 47,925
WABTEC CORP (WAB) 73,851 71,665
WALMART INC (WMT) 58,513 214,852
WALMART INC (WMT) 91,271 92,066
WASTE MANAGEMENT INC NEW (WM) 57,028 52,465
WEC ENERGY GROUP INC (WEC) 43,472 41,283
WEG SA ADR (WEGZY) 21,994 20,193
WEX INC (WEX) 36,244 49,440
WILLSCOT MOBILE MINI HOLDI (WSC) 86,557 61,380
WYNDHAM HOTELS & RESORTS (WH) 50,435 60,171

TY 2024 InvestmentsGovtObligationsSch
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
US Government Securities - End of Year Book Value:

7,709,696
US Government Securities - End of Year Fair Market Value:

7,572,513
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FIFTH AVENUE PRIVATE EQUITY 16 LLC AT COST 1,272,473 1,514,684

TY 2024 OtherDecreasesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Description Amount
WASH SALE LOSSES 31,234
CARRYOVER OF 2023 ACCRUED INTEREST PAID 14,977
O/S CHECKS FROM 2023 CLEARED IN 2024 390,000


TY 2024 OtherExpensesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES 61 61   0
FROM K1 -FIFTH AVENUE PRIVATE EQUITY 16 LLC - INVESTMENT INTEREST EXPENSE 5,089 4,985   0
FROM K1 -FIFTH AVENUE PRIVATE EQUITY 16 LLC - OTHER DEDUCTIONS 50,334 50,241   0


TY 2024 OtherIncomeSchedule2
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FIFTH AVENUE PRIVATE EQUITY 16 LLC -9,493 -5,389 -9,493
FIFTH AVENUE PRIVATE EQUITY 16 LLC 145 0 145
FIFTH AVENUE PRIVATE EQUITY 16 LLC 33 0 33
FIFTH AVENUE PRIVATE EQUITY 16 LLC 5 0 5


TY 2024 OtherIncreasesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Description Amount
NONDEDUCTIBLE ACCRUED INTEREST PAID 8,690
O/S CHECKS FROM 2024 CLEARED IN 2025 100,000
OTHER ADJUSTMENTS 49,152


TY 2024 OtherProfessionalFeesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES - BESSEMER 122,524 122,524   0


TY 2024 TaxesSchedule
Name:
ADAMS FAMILY FOUNDATION
EIN:
46-1605016
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 2,255 2,255   0
EXCISE TAX PAID 105,000 0   0