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
TOP FAMILY FOUNDATION INC
 
% STEPHEN A BROWN
Number and street (or P.O. box number if mail is not delivered to street address)3101 GLENWOOD AVENUE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RALEIGH, NC27612
A Employer identification number

84-2556506
B Telephone number (see instructions)

(919) 861-5508
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$14,059,801J 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) 2,500,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 63,523 63,523  
4 Dividends and interest from securities... 304,395 304,395  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 177,411
b Gross sales price for all assets on line 6a 2,385,847
7 Capital gain net income (from Part IV, line 2)... 455,884
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........ 3,045,329 823,802  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,384 3,692 0 3,692
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
95,212 95,212    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
725 725    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,155     5,155
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 108,476 99,629 0 8,847
25 Contributions, gifts, grants paid....... 637,000 637,000
26 Total expenses and disbursements. Add lines 24 and 25 745,476 99,629 0 645,847
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,299,853
b Net investment income (if negative, enter -0-) 724,173
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets 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............. 3,681 3,142 3,142
2 Savings and temporary cash investments......... 816,615 1,157,752 1,157,752
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)      
b Investments—corporate stock (attach schedule)....... 5,804,218 Click to see attachment
List of Attached Documents:
// Content
6,930,346 		8,273,257
c Investments—corporate bonds (attach schedule)....... 2,504,402 Click to see attachment
List of Attached Documents:
// Content
3,232,902 		3,109,210
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).......... 1,340,045 Click to see attachment
List of Attached Documents:
// Content
1,466,212 		1,516,440
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) 10,468,961 12,790,354 14,059,801
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 10,468,961 12,790,354
29 Total net assets or fund balances (see instructions)..... 10,468,961 12,790,354
30 Total liabilities and net assets/fund balances (see instructions). 10,468,961 12,790,354
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
10,468,961
2
Enter amount from Part I, line 27a .....................
2
2,299,853
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
25,728
4
Add lines 1, 2, and 3 ..........................
4
12,794,542
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
4,188
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,790,354
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 WELLS FARGO & CO - SECURITIES LITIGATION P   2024-11-06
b PUBLICLY TRADED SECURITIES - ST P 2024-01-01 2024-12-31
c PUBLICLY TRADED SECURITIES - LT P 2024-01-01 2024-12-31
d COLUMBIA SELECT - 77,531.23 SHARES D 2024-01-01 2024-12-31
e CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 245     245
b 76,579   74,592 1,987
c 1,193,043   1,057,710 135,333
d 912,543   797,661 114,882
e       203,437
      203,437
      203,437
      203,437
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       245
b       1,987
c       135,333
d       114,882
e        
       
       
       
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 2 455,884
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 10,066
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 10,066
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,066
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 18,221
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,221
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 8,155
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow8,155 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowNC
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 arrowSTEPHEN A BROWN Telephone no.right arrow (919) 782-6860

Located atright arrow3101 GLENWOOD AVENUE 200RALEIGHNC ZIP+4right arrow27612
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)
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)
 
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
 
No
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
FRANKLIN H TOP III DIRECTOR/PRESIDENT
0.5 		0 0 0
3101 GLENWOOD AVENUE
RALEIGH,NC27612
FRANKLIN H TOP JR DIRECTOR/VICE PRESIDENT
0.5 		0 0 0
3101 GLENWOOD AVENUE
RALEIGH,NC27612
BRIAN N TOP DIRECTOR/TREASURER
0.5 		0 0 0
3101 GLENWOOD AVENUE
RALEIGH,NC27612
ANDREW M TOP DIRECTOR/SECRETARY
0.5 		0 0 0
3101 GLENWOOD AVENUE
RALEIGH,NC27612
LOIS E TOP DIRECTOR
0.5 		0 0 0
3101 GLENWOOD AVENUE 200
RALEIGH,NC27612
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
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
 
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)
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
11,402,540
b
Average of monthly cash balances.......................
1b
1,358,061
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
12,760,601
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
12,760,601
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
191,409
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
12,569,192
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
628,460
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
628,460
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
10,066
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,066
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
618,394
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
618,394
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
618,394
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
645,847
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
645,847
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 7 618,394
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 448,088
b Total for prior years:2022, 2021, 2020  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 645,847
a Applied to 2023, but not more than line 2a 448,088
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 197,759
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 .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		420,635
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
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.... 0
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).)
FRANKLIN H TOP JR
LOIS E TOP
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

AUDUBON SOUTH CAROLINA

635 RUTLEDGE AVENUE SUITE 107
CHARLESTON,SC29403 		NONE PC GENERAL SUPPORT 100,000

Chesapeake Foundation

6 Herndon Ave
Annapolis,MD21403 		NONE PC GENERAL SUPPORT 50,000

THE NATURE CONSERVANCY IN OHIO

6375 RIVERSIDE DRIVE SUITE 100
DUBLIN,OH43017 		NONE PC GENERAL SUPPORT 50,000

THE NATURE CONSERVANCY - NORTH CAROLINA CHAPTER

334 BLACKWELL STREET SUITE 300
DURHAM,NC27701 		NONE PC GENERAL SUPPORT 50,000

THE NATURE CONSERVANCY OF SOUTH CAROLINA

1417 STUART ENGALS BLVD SUITE 100
MOUNT PLEASANT,SC29464 		NONE PC GENERAL SUPPORT 50,000

THE NATURE CONSERVANCY IN TENNESSEE

2 MARYLAND FARMS SUITE 150
BRENTWOOD,TN37027 		NONE PC GENERAL SUPPORT 50,000

Save The Manatee

500 N Maitland Ave Ste 210
Maitland,FL32751 		NONE PC GENERAL SUPPORT 75,000

FRIENDS OF SLEEPING BEAR DUNES

PO Box 545
Empire,MI49630 		NONE PC GENERAL SUPPORT 20,000

Charleston Waterkeepers

PO Box 29
Charleston,SC29402 		NONE PC GENERAL SUPPORT 25,000

auburn university foundation

317 South College StreeT
Auburn,AL36849 		NONE PC GENERAL SUPPORT 67,000

INTERNATIONAL CRANE FOUNDATION

E11376 Shady Lane Rd
Baraboo,WI53913 		NONE PC GENERAL SUPPORT 75,000

Cornell University

159 Sapsucker Woods Rd
Ithaca,NY14850 		NONE PC Grant to the Cornell Lab of ornithology to further the effort to work with farmers on sustainable grazing practices and delayed mowing. 25,000
Total .................................right arrow 3a 637,000
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 63,523  
4 Dividends and interest from securities ....     14 304,395  
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 ............ 		    18 177,411  
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) ..   545,329  
13Total. Add line 12, columns (b), (d), and (e)..................
13
545,329
(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.)
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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
TOP FAMILY FOUNDATION INC
 
Employer identification number

84-2556506
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
TOP FAMILY FOUNDATION INC
  		Employer identification number
84-2556506
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
Franklin H Top Jr
3000 Galloway Ridge Apt J311
 
Pittsboro, NC27312

$ 2,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(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
TOP FAMILY FOUNDATION INC
  		Employer identification number

84-2556506
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
TOP FAMILY FOUNDATION INC
  		Employer identification number

84-2556506
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 (c) Use 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 (c) Use 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 (c) Use 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 (c) Use 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:  

TY 2024 AccountingFeesSchedule
Name:
TOP FAMILY FOUNDATION INC
EIN:
84-2556506
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 7,384 3,692   3,692

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

TY 2024 DepreciationSchedule
Name:
TOP FAMILY FOUNDATION INC
EIN:
84-2556506
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpBondsSchedule
Name:
TOP FAMILY FOUNDATION INC
EIN:
84-2556506
Name of Bond End of Year Book Value End of Year Fair Market Value
FRANKLIN FLOATING RATE 0 0
LORD ABBETT SHORT DURATION FD 1,565,000 1,509,846
PGIM HIGH YIELD FUND CL R6 303,250 307,113
PIMCO INCOME FUND 1,364,652 1,292,251

TY 2024 InvestmentsCorpStockSchedule
Name:
TOP FAMILY FOUNDATION INC
EIN:
84-2556506
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 11,620 16,740
ABBVIE INC 15,640 29,498
ABM INDUSTRIES INC 2,440 2,815
ACCENTURE PLC 17,385 28,847
ACORN HOLDCO INC REG SHS 0 0
ADVANCE AUTO PARTS INC 6,915 6,384
AGCO CORP COM 11,343 10,750
AIR PRODUCTS & CHEM 22,685 29,002
ALEXANDER & BALDWIN INC 629 993
AMERICAN AXLE&MFG HLDGS 1,000 840
AMGEN INC COM 15,107 17,202
AMN ELEC POWER CO 26,170 26,654
ANALOG DEVICES INC 21,340 39,942
APPLE INC 57,155 179,301
APPLIED INDUSTRL TECH 11,373 10,896
ARMSTRONG WORLD INDS INC 2,290 4,805
ARTISAN INTERNATIONAL VALUE FD 410,000 528,572
ASSURED GUARANTY LTD 1,260 4,140
AT&T INC 36,685 45,517
AXIS CAPITAL HOLDINGS 4,621 6,824
BEACON ROOFING SUPPLY 1,138 2,438
BERRY GLOBAL GROUP INC 8,856 11,964
BLACK HILLS CORP 3,319 3,453
BLACKROCK INC 14,418 26,653
BLACKSTONE INC 10,783 33,277
BRINKS CO 3,126 6,958
BRISTOL-MYERS SQUIBB CO 0 0
BROADCOM INC 12,157 90,418
BROADSTONE NET LEASE INC 1,362 1,459
BROOKLINE BANCORP INC 1,997 2,549
CABOT CORP 1,801 4,657
CAPITAL ONE FINL 24,900 26,926
CARTERHOLDINGSINC 1,127 975
CELANESE CORP DEL SER A 6,876 6,644
CHATHAM LODGING TR 675 1,056
CHEVRON CORP 26,022 37,803
CISCO SYSTEMS INC 35,260 45,643
CITIGROUP INC COM NEW 31,128 37,166
CITIZENS FINL GROUP INC 11,155 17,592
CNO FINL GROUP INC 2,740 6,921
COCA COLA 19,953 24,593
COLUMBIA SELECT LARGE CAP GWTH 0 0
COLUMBIA SPORTWEAR CO 1,587 1,846
COMCAST CORP NEW CL A 33,252 28,148
COMMSCOPE HLDG CO INC 0 0
CONCENTRIX CORP REG SHS 6,878 4,976
CONMED CORP COM 2,397 2,259
CORNING INC 23,594 34,500
CROWN CASTLE REIT INC 23,286 15,429
CROWN HLDGS INC 2,621 3,308
CULLEN FRST BKRS 0 0
CUSHMAN AND WAKEFIELD PLC REG 761 1,216
CVS HEALTH CORP 1,761 2,227
DENTSPLYSIRONA INC 13,564 8,845
DEVON ENERGY CORP 12,245 14,532
DIGITAL REALTY TR INC 22,286 30,146
DISNEY (WALT) COCOMSTK 21,842 26,613
DOW INC 20,455 16,855
DUKE ENERGY CORP NEW 15,578 16,700
DUN AND BRADSTREET HLDGS 4,256 4,436
EAST WEST BANCORP INC 0 0
EATON CORP PLC 12,153 40,820
ELI LILLY & CO 7,032 37,828
EMERSON ELEC CO 15,756 27,265
ENERGIZER HOLDINGS INC 2,129 2,024
ENSIGN GROUP INC 2,381 7,972
ENVISTA HOLDINGS CORP 3,469 3,491
ENSTAR GROUP LTD 0 0
EXXON MOBIL CORP 21,972 43,889
FIRST HAWAIIAN INC 3,920 6,410
FIRST HORIZON CORP 0 0
FLOWERS FOODS INC COM 2,192 2,025
FNB CORP 6,292 13,287
FRANKLIN STR PPTYS CORP 0 0
FRONTDOOR INC 1,392 2,077
GENERAL MILLS 16,484 18,366
GENL DYNAMICS CORP COM 17,346 16,073
GENPACT LTD HAMILTON 2,705 3,522
GENTHERM INC 1,601 1,677
GILEAD SCIENCES INC COM 17,399 17,458
GRANITE CONST INC 1,724 8,420
GRAPHIC PACKAGING HLDG 6,965 13,064
GREIF INC CL A 1,665 3,239
HANESBRANDS INC 6,742 4,705
HEALTHPEAKPPTYS INC 12,194 13,703
HILLENBRAND INC 7,377 5,325
HOME DEPOT INC 24,813 40,455
HONEYWELL INTL INC 11,564 16,490
HOPE BANCORP INC 2,512 3,638
HORACE MANN EDUCTRS NEW 2,934 3,845
HUNTNGTN BNCSHS INC MD 0 0
HYSTER-YALE MATLS HNDLNG 323 458
ICU MEDICAL INC 8,159 9,000
INTL BUSINESS MACHINES 18,037 32,755
INTEGRAL HLDGS CORP NEW 4,857 3,901
ISHARES RUSSELL 1000 2,136,058 2,182,587
ISHARES RUSSELL MIDCAP 352,733 402,220
ISHARES TR MSCI EAFE GROWTH 405,984 455,488
ISHARES TR RUSSELL 2000 457,394 556,819
JAMES RIV GROUP HLDGS 1,253 394
JANUS HENDERSON ENTERPRISE FUN 624,417 605,701
JANUS HENDERSON GROUP 0 0
JELD WEN HLDG INC 3,085 1,728
JOHN BEAN TECHNOLOGIES 3,050 4,194
JOHN HANOCK DISCIPLINED VALUE 530,383 640,999
JOHNSON AND JOHNSON 31,485 30,370
JPMORGAN CHASE & CO 21,194 45,305
KEMPER CORP 7,247 10,365
KENNAMETAL INC 1,292 1,153
KEYCORP NEW 12,694 19,660
KITE REALTY GROUP TR 2,400 6,133
KOPPERS HLDGS INC 884 1,620
LKQ CORP 6,767 6,468
LOCKHEED MARTIN CORP 23,799 28,670
MACQUARIE EMERGING MARKETS FD 177,974 177,451
MAGNERA CORP REG SHS 838 981
MARRIOTT VACATIONS 4,848 5,208
MASTERCARD INC 19,911 34,754
MATSON INC 692 3,371
MAXIMUS INC 3,518 3,956
MCDONALDS CORP 22,371 31,308
MERCK AND CO INC 24,976 31,535
MERCURY SYSTEMS INC 1,742 2,310
MICROCHIP TECHNOLOGY INC 25,080 18,868
MICROSOFT CORP 67,660 152,583
MILLERKNOLL INC 1,896 2,214
MODIVCARE INC 0 0
MORGAN STANLEY 8,186 27,281
MRC GLOBAL INC 1,002 2,313
MSC INDL DIRECT INC CL A 2,129 1,867
NCR ATLEOS CORP 1,565 3,358
NCR VDYX CORP 2,569 3,432
NOMAD FOODS LTD SHS 3,434 3,708
NORTHWESTERN CORP 1,192 1,230
OLD NATL BANCORP IND 8,468 16,539
OLIN CORP 3,653 6,490
PARAMOUNT GLOBAL 0 0
PATTERSON UTI ENERGY INC 5,439 6,022
PEBBLEBROOK HOTEL TRUST 3,832 3,984
PEPSICO INC 20,894 22,049
PFIZER INC 0 0
PHILIP MORRIS INTL INC 19,358 28,764
PHYSICIANS RLTY TR 0 0
PNC FINCL SERVICES GROUP 17,036 16,199
PORTLAND GEN ELEC CO 6,467 7,241
PRIMO WTR CORP NPV 2,525 5,631
PROCTER & GAMBLER CO 23,496 32,021
PRUDENCIAL FINANCIAL INC 24,557 28,921
QUALCOMM INC 26,310 28,266
RADIAN GROUP INC 2,196 3,648
RANGE RESOURCES CORP 3,278 7,844
RAYONIER INC REIT 1,188 1,279
RAYTHEON TECHNOLOGIES CORP 0 0
RESIDEO TECHNOLOGIES INC 4,391 7,699
RESTAURANT BRANDS INTL 15,004 17,990
REYNOLDS CONSUMER PRODUCTS INC 0 0
RTX CORP 26,593 37,609
SCIENCE APPLICATIONS INTL CORP 4,313 4,918
SEMPRA 18,344 22,544
SENSATA TECHNOLOGIES HLDG PLC 7,914 6,192
SILGAN HLDGS INC 2,409 3,019
SIMMONS 1ST NTL 1,152 1,619
SOUTHWEST GAS HOLDINGS 3,511 4,172
SPIRE INC 8,242 9,564
STARBUCKS CORP 24,547 31,573
TARGET CORP 20,409 24,197
TENGA INC 2,278 2,177
TEREX CORP 3,466 4,206
TETRA TECHNOLOGIES INC 145 1,224
TEXAS INSTRUMENTS 20,046 29,439
TIMKEN COMPANY 4,527 3,997
TJX COS INC 21,648 39,626
TRI POINTE HOMES INC 159 435
TRINSEO PLC REG 0 0
TXNM ENERGY INC 6,153 8,211
UGI CORP NEW 7,670 8,864
UNION PACIFIC CORP 16,352 20,524
UNITED BKSHRS INC W.V. 1,625 2,403
UNITED PARCEL SVC CL B 14,111 24,787
UNITEDHEALTH GROUP INC 28,163 31,399
US BANCORP 30,513 31,568
VALLEY NAIL BANCORP NJ 3,000 3,461
VERADIGM INC SOLUTIONS INC 782 1,151
VERINT SYSTEMS INC 4,704 4,118
VERIZON COMMUNICATIONS 39,754 34,751
VISA INC CL A 22,179 35,080
WAFD INC 4,230 5,126
WALMART INC 11,571 27,466
WEC ENERGY INC SHS 18,811 20,219
WESTERN ALLIANCE 0 0
WELLSFARGO & CO 17,493 23,109
WHITE MTNS INS GRP LTD 5,185 11,670
1ST CTZNS BNCSHS INC A 1,650 10,565

TY 2024 InvestmentsOtherSchedule2
Name:
TOP FAMILY FOUNDATION INC
EIN:
84-2556506
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACKSTONE REAL ESTATE INC TRU AT COST 434,723 531,395
ISHARE GOLD TR SHS AT COST 74,960 113,130
ABBEY CAPITAL FUTURES AT COST 64,724 56,540
ABBEY CAPITAL MULTI ASSET FUND AT COST 33,645 30,943
AQR DIVERSIFIED ARBITRAGE AT COST 83,340 87,171
BLACKROCK EVENT DRIVEN EQUITY   82,954 86,326
BLACKROCK GLOBAL EQUITY AT COST 28,065 30,913
BLACKROCK GLOBAL LONG SHRT AT COST 33,157 32,651
BRANDYWINEGLBL GLBL AT COST 0 0
CALAMOS MARKET NEUTRAL INCOME AT COST 33,645 34,311
CATALYST MILLBURN HEDGE AT COST 33,645 32,874
EATON VANCE GLB MACRO AT COST 65,469 65,396
GOTHAM ABSOLUTE RETURN AT COST 24,896 29,981
GOTHAM INDEX PLUS FUND AT COST 16,822 17,639
INVESCO OPTIMUM YIELD AT COST 310,634 207,840
JOHN HANCOCK SEAPORT AT COST 0 0
JPMORGAN HEDGED EQUITY FUND AT COST 33,645 35,359
NEUBERGER BERMAN LONG AT COST 95,066 107,188
PIMCO DYNAMIC BOND FUND AT COST 0 0
VICTORY MARKET NEUTRAL INCOME AT COST 16,822 16,783

TY 2024 OtherDecreasesSchedule
Name:
TOP FAMILY FOUNDATION INC
EIN:
84-2556506
Description Amount
BOOK/1099 DIV INCOME RECORDING TIMING 4,188


TY 2024 OtherIncreasesSchedule
Name:
TOP FAMILY FOUNDATION INC
EIN:
84-2556506
Description Amount
CURRENT YEAR NONDIVIDEND DISTRIBUTIONS 25,728


TY 2024 OtherProfessionalFeesSchedule
Name:
TOP FAMILY FOUNDATION INC
EIN:
84-2556506
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MGT FEES 95,212 95,212    


TY 2024 TaxesSchedule
Name:
TOP FAMILY FOUNDATION INC
EIN:
84-2556506
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX PAID 725 725