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
ROLES FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)19399 STONEGATE DRIVE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PRIOR LAKE, MN55372

A Employer identification number

26-1584011

B Telephone number (see instructions)

(952) 201-1467

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

$6,481,903J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	101,949
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	144,464		143,277
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		196,550
b	Gross sales price for all assets on line 6a 1,638,776
7	Capital gain net income (from Part IV, line 2)...			187,496
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........	442,963		330,773
13	Compensation of officers, directors, trustees, etc.	8,188		0	8,188
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	7,875	0	7,875
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	62,987	62,987	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	16,060	4,687	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	438	0	438
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	95,548		67,674	16,501
25	Contributions, gifts, grants paid.......	254,360			254,360
26	Total expenses and disbursements. Add lines 24 and 25	349,908		67,674	270,861
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	93,055
b	Net investment income (if negative, enter -0-)			263,099
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	151,575	34,757	34,757
	2	Savings and temporary cash investments.........		167,004	167,004
	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)	652,044	List of Attached Documents: // Content 749,179	739,274
	b	Investments—corporate stock (attach schedule).......	3,818,323	List of Attached Documents: // Content 3,775,273	4,914,527
	c	Investments—corporate bonds (attach schedule).......	338,648	List of Attached Documents: // Content 257,830	257,782
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	370,443	List of Attached Documents: // Content 363,544	368,559
	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)	5,331,033	5,347,587	6,481,903
	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	5,331,033	5,347,587
	29	Total net assets or fund balances (see instructions).....	5,331,033	5,347,587
	30	Total liabilities and net assets/fund balances (see instructions).	5,331,033	5,347,587

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

5,331,033

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

93,055

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

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

5,424,088

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

76,501

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

5,347,587

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

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

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,637,689	1,451,280	186,409
b	1,087		1,087
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			186,409
b			1,087
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	187,496
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	3,657
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	3,657
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	3,657
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	4,000
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	4,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	343
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax343	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

THOMAS M ROLES Telephone no. right arrow

(952) 201-1467

Located at right arrow

19399 STONEGATE DRIVEPRIOR LAKEMN ZIP+4 right arrow

55372

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
THOMAS M ROLES	PRESIDENT 1.00	0
19399 STONEGATE DRIVE PRIOR LAKE,MN55372	PRESIDENT 1.00	0
KARI L ROLES	SECRETARY 0.50	0
19399 STONEGATE DRIVE PRIOR LAKE,MN55372	SECRETARY 0.50	0
LISA M TONN	TREASURER 1.00	8,188
C/O 19399 STONEGATE DRIVE PRIOR LAKE,MN55121	TREASURER 1.00	8,188
MADISON ROLES	DIRECTOR 0.50	0
C/O 19399 STONEGATE DRIVE PRIOR LAKE,MN55121	DIRECTOR 0.50	0
SHELBY GRAF	DIRECTOR 0.50	0
C/O 19399 STONEGATE DRIVE PRIOR LAKE,MN55121	DIRECTOR 0.50	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
NONE









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

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

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

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

6,090,289

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

148,174

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

200,000

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

6,438,463

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

6,438,463

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

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

96,577

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

6,341,886

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

317,094

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

317,094

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

3,657

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

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

3,657

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

313,437

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

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

313,437

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

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

313,437

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 ..........

270,861

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. .......

270,861

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				313,437
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			251,952
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: $ 270,861
a Applied to 2023, but not more than line 2a			251,952
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.....				18,909
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 ..........				294,528
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)

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).)

THOMAS M ROLES

KARI L ROLES

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
AFRICAN CHILDREN TODAY PO BOX 390123 EDINA,MN55439	N/A	PC	PROGRAM SUPPORT	14,860
BEST BUDDIES 100 SOUTHEAST SECOND ST 2200 MIAMI,FL33131	N/A	PC	PROGRAM SUPPORT	12,000
C4 FOUNDATION PO BOX 181679 CORONDO,CA92178	N/A	PC	PROGRAM SUPPORT	13,000
CONVOY OF HOPE PO BOX 1125 SPRINGFIELD,MO65801	N/A	PC	HURRICANE HELENE RELIEF FUND	21,500
CTNNB1 CONNECT AND CURE PO BOX 152 GREEN VILLAGE,NJ07935	N/A	PC	GENE THERAPY RESEARCH	5,000
FEED MY STARVING CHILDREN 401 93RD AVE NW COON RAPIDS,MN55433	N/A	PC	PROGRAM SUPPORT	20,000
FRASER 2400 WEST 64TH STREET MINNEAPOLIS,MN55423	N/A	PC	PROGRAM SUPPORT	15,000
HOPEKIDS PO BOX 44712 EDEN PRAIRIE,MN55344	N/A	PC	PROGRAM SUPPORT	15,000
HOUSING FIRST MN FOUNDATION 2960 CENTRE POINTE DRIVE ROSEVILLE,MN55113	N/A	PC	PROGRAM SUPPORT	14,000
LIFEWORKS 6636 CEDAR AVE SOUTH 250 RICHFIELD,MN55423	N/A	PC	PROGRAM SUPPORT	14,000
MCKENNA CLAIRE FOUNDATION PO BOX 8094 HUNTINGTON BEACH,CA92615	N/A	PC	PROGRAM SUPPORT	15,000
MN WISHES AND MORE 961 HILLWIND RD NE MINNEAPOLIS,MN55432	N/A	PC	PROGRAM SUPPORT	19,000
NAVY SEAL FOUNDATION 1619 D STREET BLDG 5326 VIRGINIA BEACH,VA23459	N/A	PC	WARRIOR FITNESS AND SUBSTANCE PROGRAM SUPPORT	15,000
OPERATION UNDERGROUND RAILROAD (OUR) PO BOX 560902 DENVER,CO802560902	N/A	PC	PROGRAM SUPPORT	16,000
PINKY SWEAR FOUNDATION 5555 WEST 78TH STREET E EDINA,MN55439	N/A	PC	PROGRAM SUPPORT	15,000
SIEGEL RARE NEUROIMMUNE ASSOCIATION PO BOX 826962 PHILADELPHIA,PA191826962	N/A	PC	PROGRAM SUPPORT	12,000
ST DAVID'S CENTER 3395 PLYMOUTH RD MINNETONKA,MN55305	N/A	PC	PROGRAM SUPPORT	18,000
Total ................................. 3a				254,360

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	144,464
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	196,550
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		341,014	0

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

341,014

(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:

Schedule B
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

Name of the organization

ROLES FAMILY FOUNDATION

Employer identification number

26-1584011

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025) Page 2

Name of organization ROLES FAMILY FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	THOMAS AND KARI ROLES 19399 STONEGATE DRIVE PRIOR LAKE, MN55372	$ 101,949	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 3

Name of organization ROLES FAMILY FOUNDATION		Employer identification number 26-1584011

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	170 SHARES OF SPDR S&P500 ETF TRUST STOCK	$ 101,949	2024-11-26
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 4


Name of organization ROLES FAMILY FOUNDATION			Employer identification number 26-1584011
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2024 AccountingFeesSchedule

Name:

ROLES FAMILY FOUNDATION

EIN:

26-1584011

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE	7,875	0		7,875

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

ROLES FAMILY FOUNDATION

EIN:

26-1584011

Name of Bond	End of Year Book Value	End of Year Fair Market Value
UNITEDHEALTH GROUP INC NOTE 3.10000%	19,111	19,706
TEVA PHARMACEUTICAL FIN NETH NOTE	33,512	33,632
LITTLE CO MARY HOSP IND INC SER 2021A	36,421	36,184
UNITED PARCEL SVCS INC NOTE 3.40000%	18,691	18,988
ARCHER DANIELS MIDLAND CO NOTE 3.25000%	22,495	23,077
AMAZON COM INC NOTE CALL MAKE WHOLE	21,202	21,352
COMCAST CORP NEW NOTE CALL MAKE WHOLE	31,184	30,742
AMEREN ILL CO BOND CALL MAKE WHOLE	25,066	24,537
JOHN DEERE CAPITAL CORPORATION SER I	19,968	20,065
DTE ELEC CO NOTE CALL MAKE WHOLE	30,180	29,499

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

ROLES FAMILY FOUNDATION

EIN:

26-1584011

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADOBE SYSTEMS INCORPORATED COM	21,043	26,236
ALPHABET INC CAP STK CL A	18,745	54,708
AMAZON.COM INC	30,053	42,342
AMPHENOL CORP CL A	6,546	22,919
APPLE INC	9,875	46,328
ASML HOLDING NV EUR0.09 NY REGISTRY SHS	16,053	15,941
AUTODESK INC	16,175	20,985
AUTOZONE INC COM USD0.01	14,531	16,010
BERKSHIRE HATHAWAY INC COM USD0.0033	9,604	9,519
BOOKING HLDGS INC COM	5,544	19,874
BOOZ ALLEN HAMILTON HLDG CORP CL A	13,816	10,940
BROADRIDGE FINANCIAL SOLUTIONS LLC	4,826	14,018
COPART INC COM USD0.0001	13,774	15,438
FISERV INC	12,389	25,472
HOME DEPOT INC COM	10,526	17,894
INTUIT INC	10,817	16,341
KINSALE CAP GROUP INC COM	12,359	12,559
MASTERCARD INC CL A	9,342	23,696
MICROSOFT CORP	26,950	44,258
NOVO NORDISK A/S ADR-EACH CNV INTO 1	13,670	8,688
NVIDIA CORPORATION COM	19,874	22,426
RESTAURANT BRANDS INTERNATIONAL INC COM	14,608	14,666
S&P GLOBAL INC COM	5,977	15,439
SHERWIN WILLIAMS CO	5,526	15,297
THERMO FISHER SCIENTIFIC INC	9,714	18,728
TJX COS INC NEW COM	7,540	21,625
UNITEDHEALTH GROUP INC	21,249	22,258
VERISIGN INC	12,483	13,452
VISA INC COM CL A	3,546	18,014
ZOETIS INC	11,299	16,293
JPMORGAN STRATEGIC INCOME OPPS - CL I	177,667	176,883
BARON EMERGING MARKETS FUND INSTL	185,479	201,443
AMERICAN BEACON AHL MNGD FUTURES STRAT Y	25,243	24,287
AQR DIVERSIFYING STRATEGIES FUND CL I	75,474	74,724
CALAMOS HEDGED EQUITY INCOME	29,614	29,713
LS OPORTUNITY FUND	47,651	56,399
PALM VALLEY CAPITAL FUND	27,392	27,351
FIRST TR EXCHANGE-TRADED FD III	55,171	66,478
FRANKLIN TEMPLETON ETF TR SYSTEMTC STYL	31,555	34,374
DOUBLELINE TOTAL RETURN BOND FD CL I	293,201	250,325
ACADIA HEALTHCARE COMPANY INC COM	7,086	6,027
AGREE RLTY CORP COM	9,470	9,863
API GROUP CORP COM STK	18,687	17,769
APTARGROUP INC ATR	4,565	8,012
ASSURANT INC	6,856	6,823
ATLANTIC UN BANKSHARES CORP	11,098	12,046
AZENTA INC COM	5,867	6,000
BIO RAD LABORATORIES INC CL A	9,797	9,527
BJS WHSL CLUB HLDGS INC	7,388	19,657
BOOZ ALLEN HAMILTON HLDG CORP CL A	4,974	10,811
BRIGHT HORIZONS FAMILY SOLUTIONS INC	8,785	10,087
BURLINGTON STORES INC COM ISIN BURL	7,910	13,968
CARTERS INC COM	3,855	3,089
CAVCO INDS INC DEL	7,405	18,742
CCC INTELLIGENT SOLUTIONS HLD COM	15,160	15,143
CHAMPIONX CORPORATION COM	3,732	4,405
CHART INDS INC COM	8,528	10,496
CHURCHILL DOWNS INC	9,821	10,416
COGNEX CORP COM CGNX	13,623	10,722
COLUMBUS MCKINNON CORP	10,160	8,677
COMFORT SYSTEMS USA INC	3,663	18,235
CULLEN/FROST BANKERS INC	10,010	10,203
CYBERARK SOFTWARE LTD COM	10,658	23,321
DORMAN PRODS INC COM DORM	9,440	15,676
EAGLE MATERIALS INC	6,631	15,793
EASTGROUP PPTYS INC COM	8,597	8,666
ELEMENT SOLUTIONS INC COM	10,204	14,521
ENTEGRIS INC	8,122	13,076
EXPONENT INC EXPO	3,090	6,593
FEDERAL SIGNAL CORP	3,424	10,810
GATES INDUSTRIAL CORP	11,074	15,757
GENTHERM INC	12,482	8,264
GIBRALTAR INDS INC	3,026	4,182
GLACIER BANCORP INC NEW COM ISIN GBCI	5,580	8,085
GLOBANT SA	13,984	14,581
GLOBUS MEDICAL INC	10,207	16,128
GRAND CANYON ED INC	5,248	9,173
GROUP 1 AUTOMOTIVE INC	10,002	14,330
HALOZYME THERAPEUTHICS INC	7,440	8,988
HEALTHPEAK PROPERTIES INC COM	8,487	7,763
HEXCEL CORP COM NEW	5,872	7,022
HOLOGIC INC	8,329	8,507
IDACORP INC	8,854	10,163
IDEX CORP COM USD0.01	15,059	14,650
INSMED INC	6,361	5,730
INTERGER HLDGS CORP COM	6,455	11,264
INTRA-CELLULAR THERAPIES INC COM	8,891	13,029
ITT INC COM	8,283	13,431
JAZZ PHARMACEUTICALS PLC COM USD0.002	14,133	12,931
KINSALE CAP GROUP INC COM	2,826	11,628
LANCASTER COLONY CORP	10,413	10,215
LINCOLN ELECTRIC HOLIDNGS INC	7,184	8,999
MACOM TECH SOLUTIONS HLDGS INC COM	6,688	14,810
MAGNOLIA OIL & GAS CORP CL A	7,137	7,669
MANHATTAN ASSOCIATES INC	7,092	14,593
MARKETAXESS HLDGS INC COM ISIN MKTX	5,926	5,425
MATADOR RESOURCES COMPANY COM USD0.01	8,338	8,383
MEDPACE HLDGS INC COM	7,887	7,641
NATERA INC COM	5,823	8,707
NATIONAL STORAGE AFFILIATES	5,895	5,573
NEUROCRINE BIOSCIENCES INC	8,948	12,831
NORDSON CORP COM ISIN #US6556631025 NDSN	8,756	12,764
OVINTIV INC COM ISIN	9,382	8,546
PAYLOCITY HOLDING CORP	12,759	13,364
PERFORMANCE FOOD GROUP CO	10,757	18,516
PERMIAN RESOURCES CORP CLASS A COM	7,097	6,385
PINNACLE FINL PARTNERS INC	6,651	14,756
PIPER SANDLER COMPANIES COM	6,216	20,397
PORTLAND GEN ELEC CO COM NEW	9,200	9,029
PROCORE TECHNOLOGIES INC COM	9,293	10,865
QUAKER CHEM CORP COM ISIN #US7473161070 KWR	10,056	8,868
RBC BEARINGS INC ROLL	4,899	14,359
RPM INTL INC FORMERLY RPM INC OHIO TO RPM	7,072	13,660
SCHNEIDER NATIONAL INC CL B	7,153	8,608
SILICON LABORATORIES INC OC COM	6,740	8,571
SIMPSON MFG INC COM	8,952	8,623
SITEONE LANDSCAPE SUPPLY INC COM	14,509	12,123
STIFEL FINANCIAL CORP	7,475	13,366
SUN COMMUNITIES INC	8,488	10,329
TANDEM DIABETES CARE INC COM NEW	7,917	10,806
TEXAS ROADHOUSE INC COM	9,349	22,193
TORO CO	6,416	8,250
TRI POINTE HOMES INC COM	10,474	9,319
UMB FINANCIAL CORP	6,940	8,239
VAIL RESORTS INC	7,056	5,998
VERICEL CORP	6,307	9,829
VOYA FINANCIAL INC COM	13,374	15,143
WINTRUST FINANCIAL CORP	7,897	14,342
ZEBRA TECHNOLOGIES CORP CL A ZBRA	6,351	14,676
AIR PRODUCTS AND CHEMICALS INC	29,007	32,775
ALTRIA GROUP INC	12,600	15,739
APPLE INC	8,838	43,072
BERKSHIRE HATHAWAY INC	16,110	33,543
BLACKROCK INC	16,577	33,829
CHEVRON CORP NEW	13,564	17,670
CINCINNATI FINANCIAL CORP	12,352	16,669
CISCO SYS INC COM	13,621	20,365
COMCAST CORP	14,576	11,409
CROWN CASTLE INTL CORP	16,908	12,162
DIAGEO ADR	17,654	13,730
DOMINION ENERGY INC	23,643	19,497
FASTENAL	8,937	18,265
FIDELITY NATL INFORMATION SERVICES COM	22,896	23,666
JOHNSON & JOHNSON	20,796	21,259
LOWES COMPANIES INC	13,078	27,148
MERCK& CO INC NEW COM	16,035	20,194
MICROSOFT CORP	10,794	26,133
NESTLE ADR	15,753	11,847
NINTENDO 8 ADR REP ORD	19,656	23,788
NORFOLK SOUTHERN CORP	21,329	25,817
NORTHROP GRUMMAN CORP COM USD1	16,209	17,833
PAYCHEX INC	12,743	20,612
PHILIP MORRIS INTERNATIONAL INC	22,385	31,050
PROGRESSIVE CORP	11,810	29,951
SCHWAB CHARLES CORP COM	17,311	24,571
STARBUCKS CORP COM USDO	20,807	20,075
TE CONNECTIVITY PLC COM USD0.01	19,614	18,872
TEXAS INSTRUMENTS INC	21,526	30,002
UNITED PARCEL SVC INC CL B	16,024	15,510
AIA GROUP LTD SPONSORED ADR ISIN	6,983	6,225
AKZO NOBEL NV SPONSORED ADR ISIN	8,021	5,985
AMADEUS IT GROUP S A ADS	15,470	18,340
ASTRAZENECA PLC SPON ADR EACH REP 0.50	4,123	3,866
BANCO BRADESCO SA SP ADR PFD NEW ISIN #	4,115	2,896
BARCLAYS PLC ADR-EACH CV INTO 4 ORD STK	8,411	8,971
BNP PARIBAS SPONSORED ADR	16,126	17,499
BRITISH AMERICAN TOBACCO LVL II ADR EACH	9,912	9,879
CAPGEMINI UNSPON ADR EACH REPR 0.2 ORD	3,248	2,402
CLP HOLDINGS LTD ADR EACH REP 1 HKD5	4,389	4,049
COMPAGNIE FINANCIERE RICHEMONT SA. SPON	9,348	9,093
CSL LTD SPON ADR EACH REPR 0.5 ORD	9,727	9,632
DAIICHI SANKYO ADR	6,303	5,649
DAIKIN INDS LTD ADR ISIN #US23381B1061	11,777	11,038
DIAGEO ADR EACH REPR 4 ORD GBX	14,759	12,332
ENI ADR	11,869	11,710
FUJITSU UNSP ADR	14,423	16,945
GLENCORE PLC UNSPON ADR	10,482	9,647
HDFC BANK LTD ADS EACH REPR 3 INR10(MGT)	11,513	15,901
HEINEKEN NV SPONSORED ADR L1	8,992	6,616
HITACHI LTDADR 10 COM	5,232	20,279
IBERDROLA SA SPON ADR EACH REP 4 ORD	6,672	7,775
ING GROEP N.V. SPON	7,018	6,127
INTERCONTINENTAL HOTELS GROUP SPON ADS	6,905	11,742
KDDI CORP ADR	10,230	11,616
KUBOTA CORP ADR-EACH CNV INTO 5 ORD NPV	6,412	5,087
L AIR LIQUIDE ORD ADR	8,723	11,191
LINDE PLC COM	15,092	20,515
LONDON STOCK EXCHANGE GROUP UNSPN ADR	12,995	17,631
LVMH MOET HENNESSY VUITTON SE ADR EACH	14,676	16,336
MICHELIN (CIE GLE DES ETABL) UNSP ADS	3,757	4,212
MITSUBISHI ELECTRIC ADR	2,670	2,779
MITSUBISHI UFJ FINL GROUP INC SPONSORED	7,744	16,455
NATWEST GROUP PLC SPON ADR EACH REPR 2	11,326	17,594
NESTLE S A SPONSORED ADR ISIN	15,323	13,235
NINTENDO CO LTD UNSP ADS EACH REP 0.25	6,702	8,164
NOVO NORDISK A/S ADR-EACH CNV INTO 1	3,438	12,731
QIAGEN NV SHS NEW SEDOL	6,389	6,234
RENESAS ELECTRONICS CORP UNSPONSORD ADR	4,298	2,928
RIO TINTO ADR EACH REP 1 ORD	2,928	2,588
ROCHE HLDG LTD SPONSORED ADR ISIN	17,614	17,649
RYANAIR HOLDINGS PLC ADR EACH	3,955	5,231
SANOFI ADR REP 1 1/2 ORD	15,092	14,565
SCHNEIDER ELECTRIC SE ADR ISIN	6,512	21,444
SEVEN &I HOLDINGS CO LTD UNSP ADR EACH	6,169	7,031
SHIN ETSU CHEMICAL CO LTD ADR	5,079	4,411
SMC SPN ADR REP ORD	4,867	3,837
SOFTBANK GROUP CORP UNSP ADR EACH REPR	7,036	9,222
SYMRISE AG UNSP ADR EACH REPR 0.25 ORD	10,380	12,809
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED	4,385	23,304
TECHTRONIC INDUSTRIES CO ADR EACH 1 CNV	3,933	8,923
TOTAL ENERGIES SE	15,385	14,497
TOYOTA MOTOR CORP ADR-EACH REP 10 ORD	7,462	7,395
UBS GROUP CHF0.10 (REGD) ISIN	9,866	21,406
WOODSIDE ENERGY GROUP LTD SPON ADR EACH	7,979	5,850
ZURICH INSURANCE GROUP AG SPON ADR 10	13,587	22,743
RIVERPARK STRATEGIC INCOME FUND INSTL	392,035	367,792
VANGUARD INDEX FDS FORMERLY VANGUARD	315,296	679,580

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

ROLES FAMILY FOUNDATION

EIN:

26-1584011

US Government Securities - End of Year Book Value:

749,179

US Government Securities - End of Year Fair Market Value:

739,274

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

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

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

ROLES FAMILY FOUNDATION

EIN:

26-1584011

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
DRIESHAUS EVENT DRIVEN FUND	AT COST	85,525	90,775
JP MORGAN STRATEGIC INCOME OPPS - CL I	AT COST	78,019	77,784
GEROSYNTH LABS INC.	AT COST	200,000	200,000

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

ROLES FAMILY FOUNDATION

EIN:

26-1584011

Description	Amount
BASIS ADJUSTMENT	802
FMV IN EXCESS OF BASIS ON CONTRIBUTED SECURITIES	75,699

- TIN:

TY 2024 OtherExpensesSchedule

Name:

ROLES FAMILY FOUNDATION

EIN:

26-1584011

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
SERVICE FEES	438	0		438

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

ROLES FAMILY FOUNDATION

EIN:

26-1584011

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEE	62,987	62,987		0

- TIN:

TY 2024 TaxesSchedule

Name:

ROLES FAMILY FOUNDATION

EIN:

26-1584011

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD	4,687	4,687		0
FEDERAL EXCISE TAX	11,373	0		0