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
MUSTANG FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)5 BLACKBERRY BAY DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OCEANPORT, NJ07757
A Employer identification number

82-3625985
B Telephone number (see instructions)

(732) 963-9145
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$34,647,390J 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) 15,193,953
2 Check right arrow.............
3 Interest on savings and temporary cash investments 4,444 4,444  
4 Dividends and interest from securities... 709,534 709,534  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,191,943
b Gross sales price for all assets on line 6a 12,556,910
7 Capital gain net income (from Part IV, line 2)... 3,191,943
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
29,332 29,332  
12 Total. Add lines 1 through 11........ 19,129,206 3,935,253  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
98 0   98
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,000 0   8,000
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
32,012 9,312   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
68,955 68,955   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 109,065 78,267   8,098
25 Contributions, gifts, grants paid....... 4,148,500 4,148,500
26 Total expenses and disbursements. Add lines 24 and 25 4,257,565 78,267   4,156,598
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,871,641
b Net investment income (if negative, enter -0-) 3,856,986
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 7,552 7,044 6,915
2 Savings and temporary cash investments......... 1,504,256 7,876,360 7,879,145
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) 1,665,828 Click to see attachment
List of Attached Documents:
// Content
3,525,197 		3,531,112
b Investments—corporate stock (attach schedule)....... 11,759,441 Click to see attachment
List of Attached Documents:
// Content
12,802,805 		16,956,227
c Investments—corporate bonds (attach schedule)....... 4,050,389 Click to see attachment
List of Attached Documents:
// Content
5,935,676 		6,021,709
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).......... 0 Click to see attachment
List of Attached Documents:
// Content
252,282 		252,282
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) 18,987,466 30,399,364 34,647,390
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........ 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 18,987,466 30,399,364
29 Total net assets or fund balances (see instructions)..... 18,987,466 30,399,364
30 Total liabilities and net assets/fund balances (see instructions). 18,987,466 30,399,364
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
18,987,466
2
Enter amount from Part I, line 27a .....................
2
14,871,641
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
33,859,107
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,459,743
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,399,364
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 THRU GOLDMAN SACHS - 9485      
b THRU GOLDMAN SACHS - 9485      
c THRU GOLDMAN SACHS-WASH SALE ADJ - 9485      
d KARUNA THERAPEUTICS INC - 7933      
e KARUNA THERAPEUTICS INC - 7933      
EQUITY COMMONWEALTH CMN - 7933      
THRU GOLDMAN SACHS - 7933      
THRU GOLDMAN SACHS-WASH SALE ADJ - 7933      
THRU GOLDMAN SACHS - 7933      
THRU GOLDMAN SACHS-WASH SALE ADJ - 7933      
CUMMINS INC - 7958      
GE AEROSPACE CMN - 7958      
ILLUMINA, INC - 7958      
THUR GOLDMAN SACHS - 7958      
THUR GOLDMAN SACHS-WASH SALE ADJ - 7958      
THUR GOLDMAN SACHS - 7958      
THUR GOLDMAN SACHS-WASH SALE ADJ - 7958      
US TREASURY BILL - 7966      
THRU GOLDMAN SACHS - 7966      
THRU GOLDMAN SACHS-ORDINARY GAIN - 7966      
AIR LIQUIDE SA ADR - 7974      
THRU GOLDMAN SACHS - 7974      
THRU GOLDMAN SACHS - 7974      
THRU GOLDMAN SACHS-WASH SALE ADJ - 7974      
YAMAHA MOTOR CO. LTD - 0739      
FERROVIAL SE CMN - 0739      
THRU GOLDMAN SACHS - 0739      
THRU GOLDMAN SACHS-WASH SALE ADJ - 0739      
THRU GOLDMAN SACHS - 0739      
THRU GOLDMAN SACHS-WASH SALE ADJ - 0739      
US TREASURY BILL - 7966      
UNICHARM CORPORATION - 7974      
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,570,093   1,507,892 62,201
b 282,894   276,338 6,556
c 30     30
d 4,950   2,888 2,062
e 12,911   7,878 5,033
9,120     9,120
534,513   409,930 124,583
5,534     5,534
472,233   483,211 -10,978
3,858     3,858
22     22
39     39
14     14
5,690,285   3,194,396 2,495,889
5,070     5,070
981,842   901,004 80,838
1,103     1,103
90,804   89,980 824
136,550   131,712 4,838
1,106,765   1,079,066 27,699
10     10
68,418   59,552 8,866
225,612   223,061 2,551
236     236
9     9
35     35
216,621   231,041 -14,420
7,302     7,302
741,238   704,724 36,514
1,747     1,747
62,294   62,294 0
3     3
324,755     324,755
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       62,201
b       6,556
c       30
d       2,062
e       5,033
      9,120
      124,583
      5,534
      -10,978
      3,858
      22
      39
      14
      2,495,889
      5,070
      80,838
      1,103
      824
      4,838
      27,699
      10
      8,866
      2,551
      236
      9
      35
      -14,420
      7,302
      36,514
      1,747
      0
      3
      324,755
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 3,191,943
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 53,612
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 53,612
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 53,612
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 14,568
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 111,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 126,068
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 72,456
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow72,456 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNJ
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 arrowJEFFREY GOLDGRAB Telephone no.right arrow (516) 908-7770

Located atright arrow46 STAUDERMAN AVENUELYNBROOKNY ZIP+4right arrow11563
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
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
 
No
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
FRANCES TURNER TRUSTEE AND PRESIDENT
0.20 		0 0 0
5 BLACKBERRY BAY DRIVE
OCEANPORT,NJ07757
PAUL TURNER TRUSTEE AND VICE-PRESIDENT
0.20 		0 0 0
5 BLACKBERRY BAY DRIVE
OCEANPORT,NJ07757
KARLA L ARRIA-DEVOE TRUSTEE AND TREASURER
0.20 		0 0 0
5 BLACKBERRY BAY DRIVE
OCEANPORT,NJ07757
ANDREA R ARRIA-DEVOE TRUSTEE AND SECRETARY
0.20 		0 0 0
5 BLACKBERRY BAY DRIVE
OCEANPORT,NY07757
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
872,012
b
Average of monthly cash balances.......................
1b
8
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
872,020
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
872,020
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
13,080
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
858,940
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
42,947
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
42,947
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
53,612
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
53,612
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
0
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
0
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
0
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
4,156,598
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,156,598
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 0
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 583,191
f Total of lines 3a through e ........ 583,191
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,156,598
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 0
e Remaining amount distributed out of corpus 4,156,598
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 4,739,789
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,739,789
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 583,191
e Excess from 2024.... 4,156,598
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).)
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

ADELANTE MUJERRES

2030 MAIN STREET A
FOREST GROVE,OR97116 		N/A PC GENERAL SUPPORT 25,000

ALLAIRE COMMUNITY FARM

1923 BAILEYS CORNER ROAD
WALL TOWNSHIP,NJ07719 		N/A PC GENERAL SUPPORT 50,000

BLOOM WHERE PLANTED

801 SOUTH PASADENA AVENUE
PASADENA,CA91105 		N/A PC GENERAL SUPPORT 20,000

BOOMER ESIASON FOUNDATION

200 B ARMSTRONG ROAD
GARDEN CITY PARK,NY11040 		N/A PC GENERAL SUPPORT 50,000

BRADLEY ANGLE

5432 N ALBINA AVENUE
PORTLAND,OR97217 		N/A PC GENERAL SUPPORT 25,000

CITTA

CHURCH STREET STATION PO BOX 3445
NEW YORK,NY10008 		N/A PC GENERAL SUPPORT 10,000

COALITION FOR THE HOMELESS

129 FULTON STREET
NEW YORK,NY10038 		N/A PC GENERAL SUPPORT 25,000

GENTLE GIANTS DRAFT HORSE RESCUE

17250 OLD FREDERICK ROAD
MT AIRY,MD21771 		N/A PC GENERAL SUPPORT 200,000

GROW NYC

100 GOLD STREET SUITE 3300
NEW YORK,NY10038 		N/A PC GENERAL SUPPORT 25,000

LUNCH BREAK

121 DRS JAMES PARKER BLVD
RED BANK,NJ07701 		N/A PC GENERAL SUPPORT 100,000

MONMOUTH COUNTY SPCA

260 WALL STREET
EATONTOWN,NJ07724 		N/A PC GENERAL SUPPORT 1,257,500

PATH HOME

6220SE 92ND AVENUE
PORTLAND,OR97266 		N/A PC GENERAL SUPPORT 50,000

ROUNDABOUT THEATER COMPANY

231 WEST 39TH STREET SUITE 1200
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT 1,000,000

SOUP KITCHEN 411

PO BOX 1698
BETHLEHEM,PA18016 		N/A PC GENERAL SUPPORT 15,000

THE BRIDGE PROJECT

515 CANAL STREET 1C
NEW YORK,NY10013 		N/A PC GENERAL SUPPORT 25,000

THE BRIGID ALLIANCE

PO BOX 58
NEW YORK,NY10024 		N/A PC GENERAL SUPPORT 50,000

THE CLIMATE MUSEUM

630 NINTH AVENUE SUITE 1010
NEW YORK,NY10036 		N/A PC GENERAL SUPPORT 200,000

WHARTON INSTITUTE FOR THE PERFORMING ARTS

60 LOCUST AVENUE
BERKELEY HEIGHTS,NJ07922 		N/A PC GENERAL SUPPORT 200,000

WOMEN MOVING MILLIONS INC

19 FULTON STREET 301
NEW YORK,NY10038 		N/A PC GENERAL SUPPORT 10,000

GATHER MAKE SHELTER

PO BOX 10232
PORTLAND,OR97296 		N/A PC GENERAL SUPPORT 1,500

EVERY WOMAN TREATY

9030 35TH AVENUE SW SUITE 100 1000
SEATTLE,WA98126 		N/A PC GENERAL SUPPORT 5,000

BRICK CITY KITTIES RESCUE

493 SOUTH 15TH STREET
NEWARK,NJ07103 		N/A PC GENERAL SUPPORT 40,000

PLASTIC POLLUTION COALITION

4401A CONNECTICUT AVENUE NW 143
WASHINGTON,DC20008 		N/A PC GENERAL SUPPORT 73,500

TIDES CENTER

55 EXCHANGE PLACE SUITE 402
NEW YORK,NY10005 		N/A PC GENERAL SUPPORT 5,000

FIND YOUR LIGHT FOUNDATION

PO BOX 48290
LOS ANGELES,CA90048 		N/A PC GENERAL SUPPORT 350,000

THE HUMANE SOCIETY OF THE UNITED STATE

1255 23RD STREET NW SUITE 450
WASHINGTON,DC20037 		N/A PC GENERAL SUPPORT 200,000

THE ALLIANCE FOR CLIMATE PROTECTION

555 12TH STREET NW 350
WASHINGTON,DC20004 		N/A PC GENERAL SUPPORT 58,500

GLOBAL HEALTH CORPS INC

307 W 38TH STREET 16TH FLOOR 1003
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT 30,000

ELSO INC

2828 NE ALBERTA STREET
PORTLAND,OR97211 		N/A PC GENERAL SUPPORT 10,000

LUV MICHAEL

315 EAST SHORE ROAD
MANHASSET,NY11030 		N/A PC GENERAL SUPPORT 7,500

HER VILLAGEINC

5030 BROADWAY
NEW YORK,NY10034 		N/A PC GENERAL SUPPORT 5,000

CREATIVE GROWTH

355 24TH STREET
OAKLAND,CA94612 		N/A PC GENERAL SUPPORT 25,000
Total .................................right arrow 3a 4,148,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 4,444  
4 Dividends and interest from securities ....     14 709,534  
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 .....     16 29,332  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 3,191,943  
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 3,935,253 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,935,253
(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
MUSTANG FOUNDATION INC
 
Employer identification number

82-3625985
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
MUSTANG FOUNDATION INC
  		Employer identification number
82-3625985
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
ESTATE OF OSCAR DAVIS
 
46 STAUDERMAN AVENUE
 
LYNBROOK, NY11563

$ 10,224,161


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
FRANCES AND PAUL TURNER
5 BLACKBERRY BAY DRIVE
 
OCEANPORT, NJ07757

$ 4,969,792


(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
MUSTANG FOUNDATION INC
  		Employer identification number

82-3625985
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
 PARTNERSHIP INTEREST IN TREXLER MALL SHOPPING CENTER VENTURE AND BRONXVILLE WEST REALTY PARTNERS $ 224,161 2024-01-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 VARIOUS PUBLICLY TRADED SECURITIES RECEIVED FROM DONOR $ 4,969,792 2024-04-30
(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
MUSTANG FOUNDATION INC
  		Employer identification number

82-3625985
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:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX SERVICES 8,000 0   8,000
BOOKKEEPING SERVICES 0 0   0

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Statement:
THE FOUNDATION IS NOT REQUIRED TO FILE WITH THE STATE OF NEW JERSEY.

TY 2024 InvestmentsCorpBondsSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Name of Bond End of Year Book Value End of Year Fair Market Value
INTEL CORPORATION 2.45% 11/15/2029 USD SR LIEN 82,689 82,791
DOWDUPONT INC. 4.493% 11/15/2025 USD SR LIEN 78,188 78,254
AIR LEASE CORP 1.875% 08/15/2026 USD SR LIEN 65,938 67,216
BAXTER INTERNATIONAL INC. 1.73% 04/01/2031 USD SR LIEN 62,389 63,618
UNION PACIFIC CORPORATION 2.891% 04/06/2036 USD SER WI SR LIEN 53,256 56,153
WESTPAC BANKING CORP HYBRID 07/24/2034 USD SUB LIEN CPN 07/24/19 4.11% 54,149 57,585
PNC FINANCIAL SERVICES GROUP, HYBRID 01/24/2034 USD SR LIEN CPN 01/24/23 5.0 55,514 54,839
METLIFE, INC 5.7% 06/15/2035 USD SR LIEN 55,589 52,563
MORGAN STANLEY HYBRID 12/10/2026 USD SR LIEN CPN 12/10/20 0.985% 46,590 50,178
JPMORGAN CHASE & CO. HYBRID 03/13/2026 USD SR LIEN CPN 03/13/20 2.005% 45,649 49,012
BANK OF AMERICA CORPORATION HYBRID 07/22/2027 USD SR LIEN CPN 04/22/21 1.734 93,084 98,990
WELLS FARGO & COMPANY HYBRID MTN 04/25/2026 USD SR LIEN CPN 04/25/22 3.908% 45,836 47,193
3M COMPANY MTN 3.375% 03/01/2029 USD SR LIEN 45,924 45,815
STATE STREET CORPORATION HYBRID 11/04/2026 USD SR LIEN CPN 11/04/22 5.751% 125,687 126,122
DOW CHEMICAL CO/THE 4.25% 10/01/2034 USD SR LIEN 42,609 41,395
CITIGROUP INC. HYBRID 01/28/2027 USD SR LIEN CPN 01/28/21 1.122% 41,326 45,359
BERRY GLOBAL INC 1.57% 01/15/2026 USD SR LIEN 44,417 44,724
WALT DISNEY COMPANY (THE) MTN 1.85% 07/30/2026 USD SR LIEN 43,255 43,549
MCKESSON CORPORATION 1.3% 08/15/2026 USD SR LIEN 43,623 43,822
REALTY INCOME CORPORATION 3.0% 01/15/2027 USD SR LIEN 42,534 43,167
ECOLAB INC. 2.7% 11/01/2026 USD SR LIEN 42,700 42,807
CAPITAL ONE FINANCIAL CORPORA HYBRID 05/10/2028 USD SR LIEN CPN 05/09/22 4.9 41,316 42,155
SUMITOMO MITSUI FINANCIAL GROU 3.944% 07/19/2028 USD SR LIEN 41,202 41,505
AT&T INC. 4.5% 05/15/2035 USD SR LIEN 39,230 38,161
CROWN CASTLE INTL CORP 1.05% 07/15/2026 USD SR LIEN 39,563 39,884
EBAY INC. 3.6% 06/05/2027 USD SR LIEN 38,006 38,139
JPMORGAN CHASE & CO. HYBRID 01/29/2027 USD SR LIEN CPN 01/29/19 3.96% 37,018 38,340
SERVICENOW, INC. 1.4% 09/01/2030 USD SR LIEN 37,034 37,607
THOMSON REUTERS CORPORATION 3.35% 05/15/2026 USD SR LIEN 37,330 37,472
DUKE ENERGY PROGRESS LLC 3.45% 03/15/2029 USD SR LIEN 36,472 36,393
BANK OF MONTREAL HYBRID MTN 01/22/2027 USD SR LIEN CPN 01/22/21 0.949% 34,791 37,619
FORTIVE CORPORATION 3.15% 06/15/2026 USD SER WI SR LIEN 35,118 35,226
DELL INT LLC / EMC CORP 4.9% 10/01/2026 USD SR LIEN 31,862 32,485
SOUTHERN COMPANY (THE) STEP 08/01/2027 USD JRSUB LIEN 5.113% 05/09/22-08/01/ 31,247 31,918
REALTY INCOME CORPORATION 5.625% 10/13/2032 USD SR LIEN 31,152 31,025
GENERAL MOTORS COMPANY 5.6% 10/15/2032 USD SR LIEN 29,557 30,629
VERIZON COMMUNICATIONS, INC. 4.016% 12/03/2029 USD SER WI SR LIEN 30,974 30,802
JOHN DEERE CAPITAL CORPORATION MTN 2.05% 01/09/2025 USD SR LIEN 29,982 30,278
UNITEDHEALTH GROUP INC 4.625% 07/15/2035 USD SR LIEN 28,298 27,042
GENERAL MOTORS FINL CO 4.3% 04/06/2029 USD SR LIEN 27,434 28,303
BROADCOM CORPORATION 3.875% 01/15/2027 USD SER WI SR LIEN M-W+25.00BP 27,378 28,065
UNITEDHEALTH GROUP INCORPORATE 5.8% 03/15/2036 USD SR LIEN 25,263 26,226
DUKE ENERGY FLORIDA LLC 1.75% 06/15/2030 USD SR LIEN 28,225 28,016
ORACLE CORPORATION 2.8% 04/01/2027 USD SR LIEN 27,714 28,051
DELL INTERNATIONAL L.L.C. 5.25% 02/01/2028 USD SR LIEN EMC CORP 25,282 25,847
OMNICOM GROUP INC. 3.6% 04/15/2026 USD SR LIEN 25,688 25,831
CVS HEALTH CORPORATION 4.875% 07/20/2035 USD SR LIEN 24,854 23,258
MITSUBISHI UFJ FINANCIAL GROUP 4.05% 09/11/2028 USD SR LIEN 24,490 24,679
NXP B.V. 4.4% 06/01/2027 USD SR LIEN NXP FUNDING LLC / NXP USA INC 24,671 24,847
SIMON PROPERTY GROUP INC 1.75% 02/01/2028 USD SR LIEN 24,526 24,910
AUTONATION INC 4.75% 06/01/2030 USD SR LIEN 23,748 24,233
BANK OF NOVA SCOTIA 4.85% 02/01/2030 USD SR LIEN 22,620 23,297
EMERSON ELECTRIC CO 1.95% 10/15/2030 USD SR LIEN 23,407 23,301
VERIZON COMMUNICATIONS INC. 4.4% 11/01/2034 USD SR LIEN 22,732 22,418
CAPITAL ONE FINANCIAL CORPORAT HYBRID 03/01/2030 USD SR LIEN CPN 03/03/22 3. 21,617 23,388
ARCH CAPITAL FINANCE LLC 4.011% 12/15/2026 USD SR LIEN 21,658 21,777
NXP B.V. 2.5% 05/11/2031 USD SER WI SR LIEN 20,684 21,402
TELEDYNE TECHNOLOGIES IN 2.75% 04/01/2031 USD SR LIEN 20,450 21,007
AUTONATION INC 3.85% 03/01/2032 USD SR LIEN 19,889 20,928
CITIGROUP INC. HYBRID 11/05/2030 USD SR LIEN CPN 11/05/19 2.976% 19,590 20,857
WELLS FARGO & COMPANY HYBRID MTN 10/30/2030 USD SR LIEN CPN 10/31/19 2.879% 19,631 20,866
BANK OF AMERICA CORPORATION HYBRID MTN 10/22/2030 USD SR LIEN CPN 10/22/19 2 19,479 20,898
M&T BANK CORPORATION HYBRID 01/27/2034 USD SR LIEN CPN 01/27/23 5.053% 20,017 20,568
MORGAN STANLEY HYBRID 05/04/2027 USD SR LIEN CPN 04/22/21 1.593% 18,681 20,183
DOMINION RESOURCES, INC. 5.95% 06/15/2035 SER B SR LIEN 19,195 18,559
ERP OPERATING LP 2.85% 11/01/2026 USD SR LIEN 15,484 15,567
TOYOTA MOTOR CREDIT CORP 5.4% 11/10/2025 USD SR LIEN 14,106 14,219
FISERV INC 3.2% 07/01/2026 USD SR LIEN 13,642 13,917
NXP B.V. 3.875% 06/18/2026 USD SR LIEN 11,801 11,850
AIR PRODUCTS & CHEMICALS 4.75% 02/08/2031 USD SR LIEN 97,604 100,238
ALEXANDRIA REAL ESTATE EQUITIE 4.75% 04/15/2035 USD SR LIEN 67,154 68,282
AMERICAN ELECTRIC POWER 5.625% 03/01/2033 USD SR LIEN 35,748 37,068
AMERICAN EXPRESS CO HYBRID 07/26/2035 USD SR LIEN CPN 07/26/24 5.284% 98,663 99,161
AMERICAN TOWER CORP 5.65% 03/15/2033 USD SR LIEN 60,107 59,738
AMGEN INC. 5.25% 03/02/2033 USD SR LIEN 79,426 78,813
AON NORTH AMERICA, INC. 5.3% 03/01/2031 USD SR LIEN 71,876 73,575
BANK OF NY MELLON CORP HYBRID MTN 03/14/2030 USD SR LIEN CPN 03/14/24 4.975% 160,033 161,553
BELL CANADA 5.1% 05/11/2033 USD SR LIEN 46,674 46,036
CANADIAN IMPERIAL BANK OF COMM 5.26% 04/08/2029 USD SR LIEN 59,825 61,203
CENCORA INC 5.125% 02/15/2034 USD SR LIEN 37,565 38,038
EVERSOURCE ENERGY 5.85% 04/15/2031 USD SR LIEN 51,426 52,990
FISERV INC 5.45% 03/02/2028 USD SR LIEN 36,184 37,217
HUMANA INC. 5.375% 04/15/2031 USD SR LIEN 53,432 54,177
NASDAQ, INC. 5.55% 02/15/2034 USD SR LIEN 53,738 55,635
ORACLE CORPORATION 2.95% 04/01/2030 USD SR LIEN 41,056 41,889
OTIS WORLDWIDE CORPORATION 5.25% 08/16/2028 USD SR LIEN 52,269 53,665
PFIZER INC 2.625% 04/01/2030 USD SR LIEN 76,496 75,896
STARBUCKS CORP 2.45% 06/15/2026 USD SR LIEN 59,616 60,193
THE CIGNA GROUP 5.125% 05/15/2031 USD SR LIEN 35,548 36,060
TORONTO-DOMINION BANK 5.264% 12/11/2026 USD SR LIEN 36,031 36,484
TRUIST FINANCIAL CORPORATION HYBRID MTN 01/26/2029 USD SR LIEN CPN 01/26/23 44,047 45,719
US BANCORP HYBRID 01/23/2030 USD SR LIEN CPN 01/23/24 5.384% 43,919 45,421
US BANCORP HYBRID 01/23/2030 USD SR LIEN CPN 01/23/24 5.384% 2,042,185 2,063,558

TY 2024 InvestmentsCorpStockSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES CMN 33,199 38,005
ABBVIE INC CMN 27,316 62,195
ACCENTURE PLC CMN CLASS A 31,085 44,326
ADOBE INC CMN 20,157 39,132
AGILENT TECHNOLOGIES, INC. CMN 5,010 7,926
AIR PRODUCTS & CHEMICALS INC CMN 12,252 12,472
AKAMAI TECHNOLOGIES, INC. CMN 1,797 2,200
ALBEMARLE CORP CMN 4,774 2,238
ALEXANDRIA REAL ESTATE EQUITIES, INC. 4,004 2,927
ALLSTATE CORPORATION COMMON STOCK 6,925 10,025
ALPHABET INC. CMN CLASS A 65,956 220,913
ALPHABET INC. CMN CLASS C 64,976 182,251
AMAZON.COM INC CMN 147,084 407,188
AMCOR PLC CMN 3,408 2,814
AMERICAN EXPRESS CO. CMN 9,827 34,428
AMERICAN INTL GROUP, INC. CMN 7,464 9,246
AMERICAN TOWER CORPORATION CMN 19,543 17,607
AMERICAN WATER WORKS CO, INC. CMN 4,787 4,357
AMGEN INC. CMN 26,723 27,628
AON PUBLIC LIMITED COMPANY CMN 11,076 15,444
APPLE INC. CMN 153,026 755,768
APTIV PLC CMN 5,888 3,508
ARCHER-DANIELS-MIDLAND COMPANY CMN 6,363 4,244
ASSURANT, INC. CMN 1,241 1,919
AT&T INC. CMN 25,749 32,151
AVALONBAY COMMUNITIES INC CMN 4,347 5,719
AVERY DENNISON CORPORATION CMN 2,108 2,246
BALL CORPORATION CMN 2,799 2,977
BANK OF AMERICA CORP CMN 43,954 59,508
BAXTER INTERNATIONAL INC CMN 4,393 3,266
BECTON, DICKINSON AND COMPANY CMN 12,834 11,797
BEST BUY CO INC CMN 2,831 3,089
BIOGEN INC. CMN 7,072 4,129
BLACKROCK FUNDING, INC. CMN 20,599 30,753
BORGWARNER INC. CMN 933 827
BOSTON SCIENTIFIC CORP. COMMON STOCK 11,457 27,243
BRISTOL-MYERS SQUIBB COMPANY CMN 24,824 21,832
BROADRIDGE FINANCIAL SOLUTIONS IN CMN 4,284 5,200
C.H. ROBINSON WORLDWIDE, INC. CMN 1,767 2,066
CARDINAL HEALTH, INC. CMN 2,387 5,440
CARNIVAL CORPORATION CMN 2,096 5,208
CARRIER GLOBAL CORPORATION CMN 7,761 12,014
CATERPILLAR INC (DELAWARE) CMN 11,396 34,825
CBOE GLOBAL MARKETS, INC CMN 1,760 2,736
CBRE GROUP, INC. CMN CLASS A 2,209 7,746
CENCORA INC CMN 4,961 7,864
CENTENE CORPORATION CMN 7,068 5,876
CHUBB LIMITED CMN 8,263 19,894
CIGNA GROUP/THE CMN 8,664 15,188
CISCO SYSTEMS, INC. CMN 38,512 47,360
CITIGROUP INC. CMN 17,581 26,326
CITIZENS FINANCIAL GROUP, INC. CMN 2,919 3,807
CME GROUP INC. CMN CLASS A 11,821 15,559
COCA-COLA COMPANY (THE) CMN 47,763 47,940
COLGATE-PALMOLIVE CO CMN 12,551 14,727
CONSTELLATION ENERGY CORP CMN 2,483 13,870
CORTEVA, INC. CMN 7,995 7,804
CSX CORPORATION CMN 12,172 12,714
CUMMINS INC COMMON STOCK 7,946 9,761
CVS HEALTH CORP CMN 19,119 10,863
DAVITA INC CMN 609 1,196
DEERE & COMPANY CMN 6,790 21,609
DELTA AIR LINES, INC. CMN 4,520 7,805
DIGITAL REALTY TRUST, INC. CMN 6,142 10,640
DOW INC CMN 4,273 6,020
EATON CORP PLC CMN 5,960 26,881
EBAY INC. CMN 3,914 5,576
ECOLAB INC. CMN 7,240 11,013
EDWARDS LIFESCIENCES CORPORATI CMN 7,797 8,958
ELEVANCE HEALTH INC CMN 13,375 16,969
ELI LILLY & CO CMN 19,275 121,976
EMERSON ELECTRIC CO. CMN 10,072 14,376
ENTERGY CORPORATION CMN 4,673 6,521
EQUINIX, INC. REIT 13,094 17,915
EQUITY RESIDENTIAL CMN 3,957 4,664
ESSEX PROPERTY TRUST INC CMN 2,880 3,711
ESTEE LAUDER COS INC CL-A CMN CLASS A 9,599 3,299
EVERSOURCE ENERGY CMN 5,004 4,078
EXELON CORPORATION CMN 8,213 7,415
EXTRA SPACE STORAGE INC. CMN 5,376 5,834
FACTSET RESEARCH SYSTEMS INC CMN 3,323 3,842
FEDERAL REALTY INVESTMENT TRUS CMN 1,072 1,231
FEDEX CORPORATION CMN 5,392 12,379
FIDELITY NATL INFO SVCS INC CMN 5,992 8,239
FIFTH THIRD BANCORP CMN 1,763 5,539
FMC CORPORATION CMN 2,204 1,069
FORD MOTOR COMPANY CMN 3,731 7,970
FREEPORT-MCMORAN INC CMN 2,422 11,348
GENERAL MILLS INC CMN 8,818 7,015
GENERAL MOTORS COMPANY CMN 6,249 11,560
GILEAD SCIENCES CMN 19,110 22,261
GLOBE LIFE INC CMN 1,736 1,896
HALLIBURTON COMPANY CMN 6,095 4,514
HASBRO, INC. CMN 1,356 1,342
HEALTHPEAK OP, LLC CMN 3,490 3,547
HEWLETT PACKARD ENTERPRISE CO CMN 4,068 5,359
HILTON WORLDWIDE HOLDINGS INC. CMN 6,036 12,111
HOST HOTELS & RESORTS INC CMN 2,282 2,488
HP INC. CMN 5,336 6,037
HUMANA INC. CMN 11,516 6,343
HUNTINGTON BANCSHARES INCORPOR CMN 4,595 5,255
ILLINOIS TOOL WORKS CMN 11,066 12,424
INGERSOLL RAND INC CMN 5,406 8,141
INTEL CORPORATION CMN 23,378 17,063
INTERPUBLIC GROUP COS CMN 1,202 1,653
INTL BUSINESS MACHINES CORP CMN 26,104 40,669
INTL.FLAVORS & FRAGRANCE CMN 4,525 4,058
INVESCO LTD. CMN 2,577 2,674
IRON MOUNTAIN INCORPORATED CMN 1,231 5,991
J B HUNT TRANS SVCS INC CMN 2,438 2,389
JOHNSON CONTROLS INTERNATIONAL CMN 8,152 10,498
JPMORGAN CHASE & CO CMN 52,260 135,916
KELLANOVA CMN 3,218 4,210
KEYCORP CMN 3,326 4,045
KIMCO REALTY OP, LLC CMN 1,357 3,444
KINDER MORGAN INC CMN CLASS P 6,575 10,138
KLA CORP CMN 7,743 16,383
KROGER COMPANY CMN 6,285 7,827
LAM RESEARCH CORPORATION CMN 6,388 18,780
LINDE PLC CMN 27,996 53,590
LOWES COMPANIES INC CMN 9,027 27,395
LYONDELLBASELL INDUSTRIES N.V. CMN CLASS A 4,397 3,788
M&T BANK CORPORATION CMN 4,543 6,392
MARATHON PETROLEUM CORPORATION CMN 7,821 9,207
MARRIOTT INTERNATIONAL, INC CMN CLASS A 7,381 13,110
MARSH & MCLENNAN CO INC CMN 15,995 20,391
MASTERCARD INCORPORATED CMN CLASS A 58,225 85,831
MCCORMICK & CO NON VTG SHRS CMN 3,552 3,355
MEDTRONIC PUBLIC LIMITED COMPA CMN 21,009 21,168
MERCK & CO., INC. CMN 38,742 49,442
META PLATFORMS INC-CLASS A CMN CLASS A 136,531 254,111
METLIFE, INC. CMN 4,225 9,498
METTLER-TOLEDO INTL CMN 5,563 4,895
MICRON TECHNOLOGY, INC. CMN 9,141 18,515
MICROSOFT CORPORATION CMN 174,367 622,556
MOHAWK INDUSTRIES INC COMMON STOCK 987 1,191
MONDELEZ INTERNATIONAL, INC. CMN 17,217 15,410
MOODY'S CORPORATION CMN 6,837 16,095
MORGAN STANLEY CMN 10,393 37,087
MOSAIC COMPANY (THE) CMN 966 1,671
MSCI INC. CMN 7,594 9,600
NASDAQ INC. CMN 5,941 8,349
NEWMONT CORP CMN 10,152 8,561
NEXTERA ENERGY, INC. CMN 30,964 29,106
NIKE CLASS-B CMN CLASS B 26,710 18,009
NORFOLK SOUTHERN CORP CMN 10,798 10,796
NORTHERN TRUST CORP CMN 6,041 6,868
NORWEGIAN CRUISE LINE HLDG LTD CMN 1,202 2,393
NVIDIA CORPORATION CMN 46,979 656,141
ON SEMICONDUCTOR CORPORATION CMN 5,439 5,170
ONEOK INC CMN 7,837 11,646
OTIS WORLDWIDE CORPORATION CMN 6,148 6,853
PACCAR INC CMN 7,644 11,234
PACKAGING CORP OF AMERICA COMMON STOCK 2,275 3,827
PARAMOUNT GLOBAL CMN CLASS B 2,219 1,287
PAYCHEX, INC. CMN 7,698 9,114
PAYPAL HOLDINGS, INC. CMN 14,501 17,411
PENTAIR PLC. CMN 1,767 3,120
PEPSICO, INC. CMN 47,933 41,208
PFIZER INC. CMN 44,229 28,865
PNC FINANCIAL SERVICES GROUP, CMN 11,826 15,042
PPG INDUSTRIES, INC. CMN 5,676 5,136
PRINCIPAL FINANCIAL GROUP, INC CMN 4,111 3,948
PROCTER & GAMBLE COMPANY (THE) CMN 61,712 77,790
PROLOGIS INC CMN 20,579 19,237
PRUDENTIAL FINANCIAL INC CMN 4,474 9,719
PUBLIC STORAGE CMN 8,421 8,983
PUBLIC-SVC ENTERPRISE GROUP HOLDING CO 6,386 8,618
PULTEGROUP INC. CMN 2,346 4,574
QUALCOMM INC CMN 14,328 33,643
QUEST DIAGNOSTICS INCORPORATED CMN 2,252 2,414
RALPH LAUREN CORP CMN CLASS A 1,091 2,079
REGENCY CENTERS CORPORATION CMN 1,583 1,848
REGENERON PHARMACEUTICAL INC CMN 10,806 14,959
REGIONS FINANCIAL CORPORATION CMN 2,277 4,045
REPUBLIC SERVICES INC CMN 2,753 8,047
ROCKWELL AUTOMATION INC CMN 5,515 6,002
ROYAL CARIBBEAN GROUP ISIN: LR0008862868 1,688 11,073
S&P GLOBAL INC. CMN 12,966 32,870
SALESFORCE INC CMN 25,504 64,526
SCHLUMBERGER LTD CMN 13,111 9,968
SEMPRA ENERGY CMN 9,874 11,404
SOUTHWEST AIRLINES CO CMN 3,621 4,034
STANLEY BLACK & DECKER, INC. CMN 2,275 2,328
STARBUCKS CORP. CMN 21,258 20,623
STATE STREET CORPORATION (NEW) CMN 6,782 8,637
SYNCHRONY FINANCIAL CMN 3,015 5,785
T-MOBILE US, INC. CMN 14,106 21,190
T. ROWE PRICE GROUP, INC. CMN 6,254 6,446
TAPESTRY, INC. CMN 2,132 3,267
TARGET CORPORATION CMN 8,886 12,166
TESLA, INC. CMN 85,630 222,516
THE BANK OF NY MELLON CORP CMN 9,782 15,596
THE HERSHEY COMPANY CMN 2,381 4,234
THE HOME DEPOT, INC. CMN 56,673 77,020
THE KRAFT HEINZ CO CMN 6,078 4,852
THE WILLIAMS COMPANIES, INC. CMN 7,456 12,664
TJX COMPANIES INC (NEW) CMN 9,480 26,699
TRACTOR SUPPLY COMPANY CMN 4,832 5,571
TRANE TECHNOLOGIES PUBLIC LIMI CMN 3,403 17,729
TRUIST FINANCIAL CORPORATION CMN 11,459 12,363
TYSON FOODS INC CL-A CMN CLASS A 2,865 2,815
U.S. BANCORP CMN 11,993 14,062
UNION PACIFIC CORP. CMN 23,402 28,049
UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK 23,993 17,906
UNITED RENTALS, INC. CMN 5,723 9,862
UNITEDHEALTH GROUP INCORPORATE CMN 42,561 92,572
VENTAS, INC. CMN 3,631 4,829
VERISK ANALYTICS, INC. CMN 4,705 7,437
VERIZON COMMUNICATIONS, INC. CMN 32,138 33,112
VISA INC. CMN CLASS A 73,210 105,557
W.W. GRAINGER INC CMN 2,316 9,486
WALGREENS BOOTS ALLIANCE, INC. CMN 5,179 1,511
WALT DISNEY COMPANY (THE) CMN 33,348 40,086
WASTE MANAGEMENT INC CMN 11,883 14,932
WATERS CORPORATION COMMON STOCK 3,864 4,452
WELLS FARGO & CO (NEW) CMN 15,335 47,623
WELLTOWER, INC. CMN 7,502 14,493
WEYERHAEUSER COMPANY CMN 4,190 3,800
XYLEM INC. CMN 4,951 5,453
YUM BRANDS, INC. CMN 3,385 6,574
PARNASSUS CORE EQUITY FUND INVESTOR CLASS 3,026,029 3,352,032
SPX TECHNOLOGIES INC CMN 9,878 19,500
ONTO INNOVATION INC. CMN 6,821 14,000
BRIGHT HORIZONS FAMILY SOL INC CMN 15,212 21,837
TOPBUILD CORP. CMN 7,088 11,520
THE BANCORP INC CMN 17,421 26,894
MGIC INVESTMENT CORP COMMON STOCK 8,593 13,989
ASSURED GUARANTY LTD. CMN 13,589 19,262
H.B. FULLER COMPANY CMN 13,322 13,159
KADANT INCORPORATED CMN 13,259 18,284
ENPRO INC CMN 14,562 18,625
AZEK COMPANY INC. (THE) CMN 8,563 16,377
CABLE ONE INC. CMN 18,577 10,864
WEX INC. CMN 7,412 7,889
NEOGENOMICS, INC. CMN 11,615 16,513
EASTERN BANKSHARES INC CMN 15,292 18,751
WORKIVA INC. CMN 9,764 13,140
CTS CORPORATION CMN 9,456 12,444
NEXSTAR MEDIA GROUP INC CMN 10,490 9,794
EASTGROUP PROPERTIES INC CMN 11,993 12,518
ENCOMPASS HEALTH CORPORATION CMN 10,944 16,808
NCR ATLEOS CORP CMN 13,673 20,284
HEALTHEQUITY, INC. CMN 13,664 20,054
INGEVITY CORPORATION CMN 21,280 14,100
INARI MEDICAL INC CMN 12,797 11,486
NCR VOYIX CORP CMN 11,461 10,574
DIGITALBRIDGE GROUP, INC. CMN 8,061 7,716
ESSENTIAL PROPERTIES REALTY TRUST, INC. CMN 10,553 13,701
PACIFIC PREMIER BANCORP, INC CMN 12,200 11,862
ZURN ELKAY WATER SOLUTIONS COR CMN 7,633 12,980
ASCENDIS PHARMA A/S SPONSORED ADR CMN 9,872 12,115
WSFS FINANCIAL CORP CMN 10,223 11,954
NEUROCRINE BIOSCIENCES, INC. CMN 9,633 11,466
BLACKLINE, INC. CMN 6,591 6,319
VALMONT INDUSTRIES INC CMN 17,610 20,240
LITTELFUSE, INC. CMN 11,867 12,018
WYNDHAM HOTELS & RESORTS, INC. CMN 13,339 18,142
DYNATRACE HOLDINGS LLC CMN 7,509 9,729
BLUEPRINT MEDICINES CORP CMN 6,010 9,071
INFINERA CORPORATION CMN 10,750 12,286
POWER INTEGRATIONS, INC. CMN 10,821 9,255
PHREESIA INC CMN 21,283 19,071
PROSPERITY BANCSHARES, INC. CMN 7,880 9,042
FIRST WATCH RESTAURANT GROUP, CMN 8,630 9,454
SI-BONE, INC. CMN 4,962 5,328
CHARLES RIV LABS INTL INC CMN 6,624 5,907
ORTHOPEDIATRICS CORP CMN 9,343 6,120
SITEONE LANDSCAPE SUPPLY, INC. CMN 10,033 9,751
LIFESTANCE HEALTH GROUP, INC. CMN 5,784 6,198
ENTEGRIS, INC. CMN 8,273 7,925
ADYEN N.V. ADR CMN 13,008 13,868
AIA GROUP LIMITED SPONSORED ADR CMN SERIES 16,862 12,756
AIR LIQUIDE SA ADR CMN 29,251 30,808
ALCON, INC. CMN 13,316 15,365
ALFA LAVAL AB UNSPONSORED ADR CMN 12,673 15,281
ALLIANZ SE ADR CMN 49,736 62,199
ASSA ABLOY AB UNSPONSORED ADR (SWEDEN) 21,335 25,287
ATLAS COPCO AB SPONS ADR NEW REPSTG COM SER-A 33,011 35,240
BANCO BILBAO VIZCAYA S A ADR SPONSORED ADR CMN USD0.3296 24,805 30,910
BHP GROUP LTD SPONSORED ADR CMN 17,136 14,454
CANADIAN NATIONAL RAILWAY CO. CMN 28,268 24,058
CHUGAI PHARMACEUTICAL CO., LTD UNSPONSORED ADR CMN 25,043 36,518
CREDICORP LTD. CMN 9,607 11,366
DAIFUKU CO., LTD. ADR CMN 9,575 10,709
DASSAULT SYSTEMES SPONSORED ADR CMN 33,444 29,451
DBS GROUP HOLDINGS SPONSORED ADR CMN 56,114 72,044
ENN ENERGY HOLDINGS LIMITED ADR CMN 26,268 20,505
EPIROC AB ADR CMN 23,917 21,923
FOMENTO ECONOMICO MEXICANO SAB DE C.V. NEW SPONS ADR REPSTG UNIT 1 SER B SH 22,060 21,031
GENMAB A/S SPONSORED ADR CMN 11,420 6,616
HAIER SMART HOME CO.,LTD. ADR CMN 12,569 14,345
HALEON PLC SPONSORED ADR CMN 24,262 27,246
HDFC BANK LIMITED SPONSORED ADR CMN 30,238 30,397
INFINEON TECHNOLOGIES AG - ADR SPONSORED ADR CMN 1 ADR = 1 SHARE 37,060 34,759
KOMATSU LTD ADR (NEW) SPONSORED GDS CMN 19,674 22,143
LOREAL CO (ADR) ADR CMN 47,724 41,912
MANULIFE FINANCIAL CORP CMN 31,360 45,604
NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) 86,867 65,275
NOVOZYMES A/S UNSPONSORED ADR CMN 10,840 11,662
P.T. TELEKOMUNIKASI INDONESIA ADS ( 1 ADS --> 40 ORD SHS) 13,153 10,100
PING AN INS GRP CO OF CHINA SPONSORED ADR CMN 6,150 6,047
RIO TINTO PLC SPONSORED ADR 52,978 44,637
ROCHE HOLDING AG ADR B SHS(NOM CHF 100) VAL 224.184 63,503 62,518
SAP SE (SPON ADR) 46,625 79,526
SCHNEIDER ELECTRIC SE UNSPONSORED ADR (FRANCE) SCHNEIDER ELECTRIC SE UNSPONS 41,751 56,825
SHIMANO INC. ADR CMN 6,627 5,553
SHIONOGI & CO., LTD. UNSPONSORED ADR CMN 12,814 11,444
SHISEIDO CO., LTD. SPONSORED ADR CMN 7,253 4,025
SONOVA HOLDING AG (THE) UNSPONSORED ADR CMN 12,059 14,517
SONY GROUP CORPORATION SPONSORED ADR CMN 47,831 57,492
SYMRISE AG UNSPONSORED ADR CMN 16,090 15,652
SYSMEX CORPORATION ADR CMN 25,051 23,921
TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 1ADS EQUALS 5ORDS 19,991 38,116
TENCENT HOLDINGS LIMITED UNSPONSORED ADR CMN ADD ADR REL 19358779 16,469 19,701
UNICHARM CORP. SPONSORED ADR CMN 10,509 6,758
A.P. MOLLER - MAERSK A/S ADR CMN 2,134 1,653
ABB LTD SPONSORED ADR CMN 12,253 16,244
ADIDAS AG ADR CMN 6,449 8,337
ADVANTEST CORPORATION SPONSORED ADR CMN 3,595 9,949
AENA SME SA ADR CMN 2,580 2,882
AISIN CORP ADR CMN 830 950
AJINOMOTO INC (ADR) ADR CMN 5,314 6,445
AMADEUS IT GROUP SA ADR CMN 5,652 6,144
AMPOL LIMITED ADR CMN 2,663 2,094
ANZ GROUP HOLDINGS LTD ADR CMN 23,564 24,121
ASHAI KASEI CORP ADR CMN 4,118 4,018
ASICS CORP ADR CMN 1,568 4,690
ASM INTERNATIONAL N.V. ADR CMN SERIES REG SHARES 5,029 6,944
ASML HOLDING N.V. ADR CMN 72,508 70,694
ASSICURAZIONI GENERALI SPA UNSPONSORED ADR CMN 7,437 8,881
ASTELLAS PHARMA INC. UNSPONSORED ADR CMN 8,460 6,591
ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMN 58,198 55,364
ATLAS COPCO AB SPONS ADR NEW REPSTG CL-B 1,322 1,610
AXA-UAP AMERICAN DEPOSITARY SHARES 11,170 12,687
BANCO SANTANDER, S.A. SPON ADR 11,368 13,716
BANK OF MONTREAL CMN 21,224 22,419
BANK OF NOVA SCOTIA (THE) CMN 19,216 20,951
BARCLAYS PLC,AMER DEP SHS ADR CMN 8,795 14,287
BARRICK GOLD CORPORATION CMN 10,373 9,207
BAYERISCHE MOTOREN WERKE AKTIE SPONSORED ADR CMN 6,770 5,888
BCE INC. CMN 4,841 3,384
BEZEQ - THE ISRAEL TELECOMMUNI UNSPONSORED ADR CMN 2,648 2,713
BNP PARIBAS SPONSORED ADR CMN 14,869 14,196
BOLIDEN AB (PUBL) UNSPONSORED ADR CMN 6,860 5,395
BRAMBLES LIMITED SPONSORED ADR CMN 6,760 9,030
BRIDGESTONES CORP. ADR ADR CMN 6,241 5,521
CAE INC. CMN 3,294 3,680
CANADIAN IMPERIAL BANK OF COMMERCE CMN 14,583 20,170
CANADIAN PACIFIC KANSAS CITY L CMN 22,524 21,132
CANON INC ADR SPONSORED ADR CMN 5,662 7,783
CAP GEMINI ADR CMN 7,258 6,551
CELLNEX TELECOM SA ADR CMN 4,424 3,870
CGI INC. CMN 7,058 7,652
COLOPLAST A/S SPONSORED ADR CMN 11,371 9,902
COMMONWEALTH BANK OF AUSTRALIA SPONSORED ADR CMN 43,163 54,369
COMPAGNIE DE SAINT-GOBAIN UNSPONSORED ADR CMN 7,887 10,525
COMPAGNIE GENERALE DES ETABLIS UNSPONSORED ADR CMN 5,637 5,729
DAI NIPPON PRINTING LTD SPONSORED ADR CMN 2,785 2,768
DAI-ICHI LIFE HOLDINGS INC ADR CMN DAI-ICHI LIFE HOLDINGS INC 2,133 3,099
DAIICHI SANKYO CO LTD SPONSORED ADR CMN 14,049 12,351
DAIWA HOUSE IND LTD (ADR) ADR CMN 6,739 8,130
DANONE SPONSORED ADR CMN 4,568 5,246
DENSO CORP ADR ADR CMN 9,272 9,328
DENTSU INC. TOKYO UNSPONSORED ADR CMN 2,340 2,086
DEUTSCHE BANK AG CMN 6,196 8,082
DEUTSCHE BOERSE AG UNPOSNORED ADR CMN 8,601 9,926
DEUTSCHE POST AG SPONSORED ADR CMN 8,048 6,756
DEUTSCHE TKM ADR SPONSORED ADR CMN 16,713 19,505
DISCO CORPORATION ADR CMN 14,945 18,189
EBARA CORP ADR ADR CMN 1,630 2,662
ENBRIDGE INC. CMN 23,534 25,840
ENDESA SA ADR CMN 4,086 3,925
ENERGIAS DE PORTUGAL SA SPONSORED ADR CMN 10,393 7,682
ENGIE SPONSORED ADR CMN 5,118 5,359
ERICSSON AMERICAN ADR CMN CLASS B 7,620 10,285
FANUC CORPORATION UNSPONSORED ADR CMN 8,359 7,106
FAST RETAILING CO LTD UNSPONSORED ADR CMN 12,903 17,773
FERRARI N.V. CMN 6,185 8,922
FORTESCUE METALS GROUP LTD SPONSORED ADR CMN 11,373 8,271
FRESENIUS MEDICAL CARE AG SPONSORED ADR CMN 1,986 2,377
FUJI ELECTRIC CO., LTD. ADR CMN 2,053 2,274
FUJIFILM HOLDINGS CORPORATION ADR CMN 7,158 7,833
FUJITSU LTD ADR (5 COM) ADR CMN 7,801 9,245
GEBERIT AG ADR CMN 4,159 4,088
GIVAUDAN SA ADR CMN 7,727 8,753
GOLAR LNG LIMITED CMN 872 1,100
GSK PLC ADR CMN 20,456 19,074
HEIDELBERG MATERIALS AG ADR CMN 3,803 5,510
HENKEL AG & CO. KGAA SPONSORED ADR USD0.6392 REPSTG PFD SHARES 1,600 1,930
HENKEL AG AND CO. KGAA SPONSORED ADR REPSTG ORDINARY SHRS 2,088 2,119
HITACHI CONSTR MACHY CO LTD UNSPONSORED ADR CMN 980 940
HITACHI LTD (ADR 10 COM) ADR CMN 15,047 27,807
HONDA MTR LTD (AMER SHS) ADR CMN 14,401 15,331
HONGKONG LAND HOLDINGS LTD UNSPONSORED ADR CMN 566 534
HSBC HOLDINGS PLC SPONSORED ADR CMN 39,626 50,202
IBERDROLA SOCIEDAD ANONIMA SPONSORED ADR CMN 13,183 14,819
INDUSTRIA DE DISENO TEXTIL, S. ADR CMN 7,958 10,537
INTESA SANPAOLO SPA SPONSORED ADR CMN 8,456 11,664
JAPAN AIRLINES CO., LTD. ADR CMN 762 571
JERONIMO MARTINS SGPS SA UNSPONSORED ADR CMN 1,851 1,605
JTEKT CORPORATION UNSPONSORED ADR CMN 321 315
KBC GROUP NV UNSPONSORED ADR CMN 12,032 14,086
KDDI CORPORATION UNSPONSORED ADR CMN 12,194 13,025
KERING ADR CMN 11,548 6,020
KESKO OYJ UNSPONSORED ADR CMN REPRESENTING B SHARES (FINLAND 1,327 1,214
KINGSPAN GROUP PUBLIC LIMITED UNSPONSRED ADR CMN 6,963 6,420
KNORR-BREMSE AG ADR CMN 1,143 1,129
KONE OYJ UNSPONSORED ADR CMN REPRESENTING B SHARES (FINLAND 3,893 3,601
KONINKLIJKE AHOLD N.V. SPONSORED ADR CMN 6,025 6,424
KUBOTA CORP ADR ADR CMN 5,852 4,622
KURITA WATER INDUSTRIES LIMITE UNSPONSORED ADR CMN 1,454 1,129
LEGRAND SA ADR CMN 6,505 6,622
LIXIL GROUP CORPORATION ADR CMN 4,037 3,316
LLOYDS BANKING GROUP PLC SPONSORED ADR CMN 13,520 14,865
LVMH MOET HENNESSY LOUIS VUITTON S.A. ADR CMN 48,881 38,826
MARUI LTD (ADR NEW) ADR CMN 1,057 1,056
MEDIOBANCA - BANCA DI CREDITO UNSPONSORED ADR CMN 2,445 2,828
MEIJI HOLDINGS CO LTD ADR CMN 344 285
MERCEDES-BENZ GROUP AG ADR CMN 11,357 8,774
MINERAL RES LTD ADR CMN 2,836 933
MITSUBISHI CHEMICAL HOLDINGS C UNSPONSORED ADR CMN 2,796 2,290
MITSUBISHI ELECTRIC CORP (ADR) ADR CMN 7,693 10,464
MITSUBISHI ESTATE LTD ADR ADR CMN 7,979 7,743
MITSUBISHI UFJ FINL GROUP, INC SPONSORED ADR CMN 24,470 34,316
MITSUI CHEMICALS, INC. UNSPONSORED ADR CMN 916 861
MITSUI FUDOSAN CO., LTD. UNSPONSORED ADR CMN 7,965 9,261
MITSUI O.S.K. LINES, LTD. ADR CMN 4,606 6,063
MIZUHO FINANCIAL GROUP, INC. SPONSORED ADR CMN 10,334 15,086
MONCLER S P A ADR CMN 3,267 2,640
MS&AD INSURANCE GROUP HOLDINGS ADR CMN 4,184 7,966
MUENCHENER RUECKVERSICHERUNGS- UNSPONSORED ADR CMN 11,616 14,688
MURATA MANUFACTURING CO., LTD. UNSPONSORED ADR CMN 8,433 7,060
NATIONAL AUSTRALIA BANK LIMITE SPONSORED ADR (NEW) 26,624 26,381
NATIONAL GRID PLC SPONSORED ADR CMN 25,824 23,411
NATWEST GROUP PLC SPONSORED ADR CMN 7,470 11,696
NESTE OYJ UNSPONSORED ADR CMN 2,532 691
NIKON CORP (ADR) ADR CMN 1,889 1,899
NIPPON TELEG & TEL SPON ADR SPONSORED ADR CMN (1 ADR = 1/2 COMMON SHS) 6,769 5,856
NITERRA CO.,LTD. UNSPONSORED ADR CMN 496 840
NOKIA CORPORATION SPONSORED ADR CMN 4,715 4,585
NOMURA HOLDINGS, INC. SPONSORED ADR CMN 5,313 7,064
NOMURA RESEARCH INSTITUTE, LTD ADR CMN 3,576 4,328
NORDEA BANK ABP SPONSORED ADR CMN 4,670 4,838
NOVARTIS AG-ADR SPONSORED ADR CMN 35,456 38,729
NOVO-NORDISK A/S ADR ADR CMN 50,095 50,752
NSK LTD ADR ADR CMN 995 804
NTT DATA GROUP CORP UNSPONSORED ADR CMN 3,554 4,396
NUTRIEN LTD. CMN 10,061 6,847
OLYMPUS CORPORATION ADR CMN 5,259 4,842
OMRON CORP. SPONSORED ADR CMN 2,588 2,146
ORANGE ADR 4,470 4,098
ORIENTAL LAND CO., LTD. ADR CMN 10,540 7,599
PEARSON PLC SPON ADR SPONSORED ADR CMN 3,073 4,175
PROSUS NV SPONSORED ADR CMN 8,752 9,777
PRUDENTIAL CORP (ADR) ADR CMN 13,784 10,122
PRYSMIAN S.P.A. UNSPONSORED ADR CMN 3,243 4,214
PUBLICIS GROUPE SA SPONSORED ADR CMN 3,876 5,013
QBE INSURANCE GROUP LIMITED SPONSORED ADR CMN 6,122 6,408
RELX PLC SPONSORED ADR CMN 27,050 34,973
RENTOKIL INITIAL PLC ADR + SPONSORED ADR CMN 6,347 6,051
ROGERS COMMUNICATIONS INC CMN CLASS B 6,898 4,825
ROHM CO.,LTD. UNSPONSORED ADR CMN 2,622 1,380
ROYAL BANK OF CANADA CMN 43,098 51,819
SAMPO OYJ UNSPONSORED ADR CMN REPRESENTING A SHARES (FINLAND 6,604 6,178
SANDOZ GROUP AG ADR CMN 3,045 3,978
SANOFI SPONSORED ADR CMN 23,602 23,199
SECOM LTD (ADR) ADR CMN 3,508 3,963
SEKISUI HOUSE, LTD SPONSORED ADR CMN 5,821 6,113
SEVEN & I HOLDINGS CO., LTD. UNSPONSORED ADR CMN 9,361 10,049
SGS SA ADR CMN 3,184 3,008
SIEMENS AKTIENGESELLSCHAFT SPONSORED ADR CMN 26,110 29,874
SIEMENS HEALTHINEERS AG ADR CMN 3,591 3,446
SIKA AG ADR CMN 9,452 8,120
SINGAPORE AIRLINES LIMITED UNSPONSORED ADR CMN 4,414 4,012
SINGAPORE TELECOMMUNICATIONS L SPONSORED ADR CMN 6,025 6,999
SKANSKA AB SPONSORED ADR CMN 3,836 4,802
SKF AB SPONSORED ADR SWKR 12.50 4,321 4,152
SMITH & NEPHEW PLC ADR CMN 8,059 7,448
SODEXO SPONSORED ADR CMN 1,053 824
SOFTBANK CORP. ADR CMN 9,653 9,808
SOFTBANK GRP CORP UNSPONSORED ADR CMN 11,225 14,465
SPARK NEW ZEALAND LTD SPONSORED ADR CMN 2,217 1,182
STANTEC INC. CMN 4,459 5,099
STELLANTIS NV CMN 7,505 5,442
STMICROELECTRONICS NV ADR CMN 9,102 5,543
STORA ENSO OYJ SPONSORED ADR CMN 1,143 835
SUBSEA 7 SA SPONSORED ADR CMN 2,354 3,061
SUMCO CORPORATION ADR CMN 579 286
SUMITOMO CHEMICAL CO., LTD. UNSPONSORED ADR CMN 3,805 2,942
SUMITOMO ELECTRIC LTD (ADR) ADR CMN 3,742 5,611
SUMITOMO METAL MINING CO LTD ADR CMN 1,978 1,103
SUMITOMO MITSUI FINANCIAL GRP SPONSORED ADR CMN 16,445 24,053
SUN HUNG KAI PROP LTD SPON ADR SPONSORED ADR CMN 13,386 10,859
SUN LIFE FINANCIAL INC. CMN 8,235 10,028
SWEDBANK A B ADR CMN 9,935 10,333
SWISS RE LTD SPONSORED ADR CMN 6,414 8,252
SWISSCOM AMERICAN DEPOSITARY SHARES 3,632 3,340
TAIYO YUDEN LTD ADR ADR CMN 964 404
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADR CMN 13,561 12,088
TDK CORPORATION (ADR) ADR 3,613 6,659
TELEFONICA S.A. ADR SPONSORED ADR CMN 3,352 3,405
TELENOR ASA AMERICAN DEPOSITARY SHARES 1 ADS = 3 ORDS 8,830 9,005
TELSTRA GROUP LTD SPONSORED ADR CMN 6,976 6,443
TENARIS S.A. SPONSORED ADR CMN 1,140 1,512
TERNA RETE ELETTRICA NAZIONALE ADR CMN 5,975 5,871
TEVA PHARMACEUTICAL IND LTD ADS 8,593 19,439
THOMSON REUTERS CORPORATION CMN 5,071 5,774
TOKIO MARINE HOLDINGS, INC. ADR CMN 14,016 19,353
TOKYO ELECTRON LIMITED UNSPONSORED ADR CMN 15,037 17,005
TORAY INDUSTRIES INC ADR ADR CMN 3,358 3,989
TORONTO DOMINION BANK CMN 31,622 27,738
TOTO LTD (ADR) SPONSORED ADR CMN 3,623 3,172
TOYOTA MOTOR CORPORATION SPON ADR 47,290 56,437
UBS GROUP AG CMN 17,294 22,285
UNICREDIT, SOCIETA PER AZIONI ADR 10,333 14,840
UNILEVER PLC (NEW) SPONSORED ADR CMN 37,008 40,767
UOL GROUP LIMITED SPONSORED ADR CMN 3,475 2,935
UPM-KYMMENE OYJ ADR CMN 5,809 4,786
VEOLIA ENVIRONNEMENT SPONSORED ADR CMN 4,243 3,930
VESTAS WIND SYSTEMS A/S ADR CMN 2,876 1,267
VINCI SA ADR CMN 13,976 12,626
VODAFONE GROUP PLC ADR CMN 11,448 10,332
VOLKSWAGEN AKTIENGESELLSCHAFT ADR CMN 5,245 3,836
VOLKSWAGEN AKTIENGESELLSCHAFT ADR CMN SERIES 1,074 573
VOLVO AB ADR CMN 17,568 19,155
VOLVO CAR AB CMN 158 82
VONOVIA SE ADR CMN 9,392 9,776
WESFARMERS LIMITED ADR CMN 15,943 18,911
WILMAR INTERNATIONAL LIMITED UNSPONSORED ADR CMN 4,906 4,181
WPP PLC ADR CMN 11,266 10,640
YAMAHA CORPORATION SPONSORED ADR CMN 1,743 1,100
YAMAHA MOTOR CO., LTD. UNSPONSORED ADR CMN 1,608 1,734
YOKOGAWA ELECTRIC CORPORATION ADR CMN 487 605
ZURICH INS GROUP LTD SPONSORED ADR CMN 14,688 17,836
GS STRATEGIC FACTOR ALLOCATION FUND CLASS P 659,984 681,548
GS TACTICAL TILT OVERLAY FUND CLASS P 1,405,102 1,357,662
ADVANCED MICRO DEVICES, INC. CMN 56,018 39,015
ABN AMRO BANK N.V. ADR CMN 3,517 3,223
AEON CO., LTD ADR CMN 7,205 7,218
AFLAC INCORPORATED CMN 3,937 10,551
AGNICO-EAGLE MINES LIMITED CMN 9,472 12,357
AIB GROUP PUBLIC LIMITED COMPA ADR CMN 4,396 4,283
AMENTUM HOLDINGS, INC. CMN 625 463
AMERIPRISE FINANCIAL, INC. CMN 12,696 13,843
APPLIED INDUSTRIAL TECHNOLOGY INC 12,123 14,129
ARCH CAPITAL GROUP LTD. CMN 8,404 6,834
ARTHUR J GALLAGHER & CO CMN 10,836 12,206
BAKER HUGHES CO CMN 6,862 8,450
BXP INC COMMON STOCK 2,256 2,826
CHIPOTLE MEXICAN GRILL, INC. CMN 15,482 16,462
COMMERZBANK AKTIENGESELLSCHAFT SPONSORED ADR CMN 2,405 2,736
CONAGRA BRANDS INC CMN 2,074 2,026
CURBLINE PROPERTIES CORP. CMN 7,944 8,197
CYTOKINETICS, INC. CMN 10,940 7,997
D.R. HORTON, INC. CMN 9,360 8,529
DANAHER CORPORATION CMN 32,188 29,382
DAYFORCE INC CMN 2,340 2,542
DECKERS OUTDOORS CORP CMN 4,730 6,093
DOVER CORPORATION CMN 5,117 5,440
DSM-FIRMENICH AG ADR CMN 5,158 4,286
DSV A/S UNSPONSORED ADR CMN 6,979 8,280
EXPEDIA GROUP INC CMN 3,570 4,845
FERROVIAL SE CMN 4,100 4,203
FISERV, INC. CMN 17,834 23,623
FRONTLINE PLC CMN 2,328 1,405
GE AEROSPACE CMN 30,206 36,193
GE VERNOVA LLC CMN 8,133 18,091
GLOBAL PAYMENTS INC. CMN 6,193 5,603
GRUPO FINANCIERO BANORTE, S.A. ADR CMN 8,274 6,850
GUARDIAN PHARMACY SERVICES INC CMN 12,075 9,927
HAEMONETICS CORPORATION CMN 2,394 2,264
HARTFORD INSURANCE GROUP INC/T CMN 4,578 6,455
HERMES INTERNATIONAL UNSPONSORED ADR CMN 17,504 16,831
HORACE MANN EDUCATORS CORP CMN 12,413 13,887
HUBBELL INCORPORATED CMN 4,295 4,608
ICL GROUP LTD CMN 4,190 5,217
INSMED INC CMN 7,809 7,802
INTERCONTINENTAL EXCHANGE INC CMN 16,853 18,626
IQVIA HOLDINGS INC CMN 8,089 6,878
J. M. SMUCKER COMPANY (THE) CMN 2,637 2,423
JACOBS ENGINEERING GROUP INC CMN 2,824 2,806
KERRY GROUP PUBLIC LIMITED COM SPONSORED ADR CMN 4,297 4,056
KINDERCARE LEARNING COMPANIES CMN 13,239 9,327
LASERTEC CORPORATION ADR CMN 2,924 1,681
MARKETAXESS HOLDINGS INC. CMN 1,507 1,582
MC DONALDS CORP CMN 39,077 40,295
MERCADOLIBRE, INC. CMN 15,426 15,304
MITSUBISHI HEAVY INDUSTRIES, L ADR CMN 10,993 11,231
MOWI ASA SPONSORED ADR CMN 6,949 6,671
NEW BIOHAVEN CMN 5,595 5,266
NITTO DENKO CORPORATION ADR CMN 5,154 5,048
NOMAD FOODS LTD CMN 18,115 16,612
OLD NATIONAL BANCORP CMN 13,858 16,344
OSI SYSTEMS, INC. CMN 11,652 10,883
PEMBINA PIPELINE CORPORATION CMN 5,849 5,949
PINNACLE WEST CAPITAL CORP CMN 1,891 1,780
RECRUIT HOLDINGS CO., LTD. ADR 24,786 28,238
RENESAS ELECTRONICS CORPORATIO ADR CMN 5,315 3,360
SBA COMMUNICATIONS CORPORATION CMN 4,857 4,076
SENSATA TECHNOLOGIES HOLDING P CMN 14,356 9,809
SITIME CORP CMN 7,149 9,868
SMURFIT WESTROCK PUBLIC LIMITE CMN 4,186 4,847
SOMPO HOLDINGS, INC. ADR CMN 8,387 8,387
TALEN ENERGY CORPORATION CMN 15,254 23,169
TECHTRONIC INDUSTRIES COMPANY SPONSORED ADR CMN 10,733 9,698
TENNANT CO CMN 18,244 13,371
THE CAMPBELL'S COMPANY CMN 2,467 1,968
UBER TECHNOLOGIES, INC. CMN 31,328 25,334
UCB S.A. (UNION CHIMIQUE BELGE UNSPONSORED ADR CMN 9,320 13,534
UDR INC CMN 2,388 2,301
ULTA BEAUTY INC CMN 4,480 3,914
VAXCYTE INC CMN 8,071 8,104
WILEY JOHN & SONS CL-A CMN CLASS A 15,524 13,725
WILLIS TOWERS WATSON PLC CMN 4,625 5,325
YETI HOLDINGS INC CMN 14,405 13,594
ZIMMER BIOMET HOLDINGS INC 3,925 3,908
ZTO EXPRESS (CAYMAN) INC. SPONSORED ADR CMN 8,810 8,582

TY 2024 InvestmentsGovtObligationsSch
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
US Government Securities - End of Year Book Value:

3,525,197
US Government Securities - End of Year Fair Market Value:

3,531,112
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PARTNERSHIP INTERESTS AT COST 252,282 252,282

TY 2024 LegalFeesSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 98 0   98


TY 2024 OtherDecreasesSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Description Amount
BOOK/TAX DIFFERENCE FROM DONATED SECURITIES RECEIVED 3,452,567
RECLAIMABLE TAX - NONDEDUCTIBLE 7,176


TY 2024 OtherExpensesSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES-GOLDMAN SACHS-7933 10,132 10,132   0
INVESTMENT FEES-GOLDMAN SACHS-7974 5,085 5,085   0
INVESTMENT FEES-GOLDMAN SACHS-0739 6,857 6,857   0
INVESTMENT FEES-GOLDMAN SACHS-9485 10,450 10,450   0
INVESTMENT FEES-GOLDMAN SACHS-7958 19,109 19,109   0
INVESTMENT FEES-GOLDMAN SACHS-7966 12,785 12,785   0
ADR FEES PAID ON INVESTMENTS 4,537 4,537   0


TY 2024 OtherIncomeSchedule2
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GOLDMAN SACHS- 0739 787 787 787
TREXLER MALL SHOPPING CENTER VENTURE- RENTAL INCOME FROM K-1 29,850 29,850 29,850
BRONXVILLE WEST REALTY PARTNERS -1,305 -1,305 -1,305


TY 2024 TaxesSchedule
Name:
MUSTANG FOUNDATION INC
EIN:
82-3625985
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES ON INVESTMENTS-GOLDMAN SACHS 9,312 9,312   0
FEDERAL EXCISE TAX 22,700 0   0