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 06-01-2024 , and ending 05-31-2025
Name of foundation
MARCEL K LYNUM
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 505 MAC H0006-092
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAINT LOUIS, MO63166
A Employer identification number

41-6245472
B Telephone number (see instructions)

(888) 730-4933
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$5,415,635J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 138,719 138,719  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 104,274
b Gross sales price for all assets on line 6a 525,139
7 Capital gain net income (from Part IV, line 2)... 104,274
8 Net short-term capital gain......... 0
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........ 242,993 242,993  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 61,365 55,229   6,137
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,341 0 0 1,341
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
729 729   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,931 1,623   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25     25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 68,391 57,581 0 7,503
25 Contributions, gifts, grants paid....... 245,000 245,000
26 Total expenses and disbursements. Add lines 24 and 25 313,391 57,581 0 252,503
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -70,398
b Net investment income (if negative, enter -0-) 185,412
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.............   -449 -449
2 Savings and temporary cash investments......... 99,559 128,502 128,502
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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)....... 106,585 Click to see attachment
List of Attached Documents:
// Content
85,834 		563,089
c Investments—corporate bonds (attach schedule)....... 841,516 Click to see attachment
List of Attached Documents:
// Content
839,598 		848,447
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).......... 2,338,807 Click to see attachment
List of Attached Documents:
// Content
2,262,041 		3,876,046
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) 3,386,467 3,315,526 5,415,635
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
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........ 3,386,467 3,315,526
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 3,386,467 3,315,526
30 Total liabilities and net assets/fund balances (see instructions). 3,386,467 3,315,526
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
3,386,467
2
Enter amount from Part I, line 27a .....................
2
-70,398
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
639
4
Add lines 1, 2, and 3 ..........................
4
3,316,708
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,182
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,315,526
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 18000. CUMMINS INC 0.750% 9/01/25   2020-09-08 2024-06-12
b 2. EQUINIX INC   2018-03-29 2024-07-16
c 10. FEDERAL REALTY INVESTMENT TRUS   2020-06-11 2024-07-16
d 56. FOUR CORNERS PROPERTY TRUST   2018-03-29 2024-07-16
e 47. INVITATION HOMES INC     2024-07-16
11. PROLOGIS INC   2024-02-02 2024-07-16
13. PROLOGIS INC   2021-06-28 2024-07-16
275. ISHARES RUSSELL 1000 VALUE ETF     2024-07-29
223. ISHARES RUSSELL 2000 ETF     2024-07-29
18. ALEXANDRIA REAL ESTATE EQUITIES   2018-03-29 2024-07-30
70. AMERICAN HOMES 4 RENT   2020-03-09 2024-07-30
16. AMERICAN TOWER CORP     2024-07-30
7. AMERICAN TOWER CORP   2021-04-12 2024-07-30
13. CAMDEN PPTY TR SH BEN INT     2024-07-30
5. CAMDEN PPTY TR SH BEN INT   2022-10-16 2024-07-30
22. CUBESMART   2024-07-16 2024-07-30
6. EQUINIX INC     2024-07-30
17. EXTRA SPACE STORAGE INC   2021-06-28 2024-07-30
10. FEDERAL REALTY INVESTMENT TRUS   2020-06-11 2024-07-30
2. FIRST INDL RLTY TR INC COM   2024-07-16 2024-07-30
25. FOUR CORNERS PROPERTY TRUST   2018-03-29 2024-07-30
20. GAMING AND LEISURE PROPE-W/I   2021-12-01 2024-07-30
42. INDEPENDENCE REALTY TRUST INC   2024-05-09 2024-07-30
42. INVITATION HOMES INC   2016-10-17 2024-07-30
24. IRON MOUNTAIN INC     2024-07-30
9. MID AMERICA APARTMENT COM     2024-07-30
6. MID AMERICA APARTMENT COM   2022-10-06 2024-07-30
35. PROLOGIS INC   2021-06-28 2024-07-30
6. SBA COMMUNICATIONS CORP   2023-11-02 2024-07-30
4. SBA COMMUNICATIONS CORP   2021-01-14 2024-07-30
13. SIMON PROPERTY GROUP INC   2024-01-23 2024-07-30
25. SUN CMNTYS INC COM     2024-07-30
11. TERRENO REALTY CORP   2024-02-02 2024-07-30
22. TERRENO REALTY CORP   2022-10-06 2024-07-30
70. VICI PROPERTIES INC   2019-05-23 2024-07-30
35. WELLTOWER INC     2024-07-30
56. SOLVENTUM CORP   1982-07-30 2024-08-09
7000. CIGNA CORP 1.250% 3/15/26   2023-04-27 2024-09-23
20000. GOLDMAN SACHS GROUP 3.500% 4/01/25   2021-01-28 2024-09-25
20000. TORONTO-DOMINION BAN 3.766% 6/06/25   2022-06-10 2024-09-25
40000. US TREASURY NOTE 0.875% 6/30/26   2021-11-19 2024-09-25
8. ALEXANDRIA REAL ESTATE EQUITIES   2024-01-23 2024-10-28
7. ALEXANDRIA REAL ESTATE EQUITIES   2018-03-29 2024-10-28
1. EQUINIX INC   2015-10-13 2024-10-28
4. IRON MOUNTAIN INC   2024-01-23 2024-10-28
15000. COMCAST CORP 3.375% 8/15/25   2021-11-19 2025-01-08
18000. ROPER TECHNOLOGIES 1.000% 9/15/25   2020-09-03 2025-01-08
50000. US TREASURY NOTE 0.375% 1/31/26   2021-11-19 2025-01-08
25000. US TREASURY NOTE 0.875% 6/30/26   2021-11-19 2025-01-08
12. ALEXANDRIA REAL ESTATE EQUITIES     2025-01-22
9. ALEXANDRIA REAL ESTATE EQUITIES     2025-01-22
13. PROLOGIS INC     2025-01-22
7. TERRENO REALTY CORP   2022-10-06 2025-01-22
20000. APPLE INC 4.000% 5/10/28   2023-05-11 2025-01-28
25. IRON MOUNTAIN INC   2024-01-23 2025-01-28
13. TERRENO REALTY CORP   2022-10-06 2025-02-13
1260. INTEL CORP     2025-03-24
3. SBA COMMUNICATIONS CORP     2025-04-10
20000. VR JPMORGAN CHASE & 4.080% 4/26/26   2022-04-21 2025-04-26
50000. US TREASURY NOTE 1.250% 12/31/26     2025-05-28
CAPITAL GAIN DIVIDENDS P    
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(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 17,099   18,051 -952
b 1,618   836 782
c 1,079   868 211
d 1,481   1,266 215
e 1,680   922 758
1,333   1,417 -84
1,575   1,314 261
50,046   24,926 25,120
50,205   17,046 33,159
2,119   2,230 -111
2,510   1,954 556
3,527   2,987 540
1,543   1,688 -145
1,450   1,276 174
558   571 -13
1,069   1,067 2
4,621   2,335 2,286
2,762   2,052 710
1,133   868 265
110   102 8
683   565 118
1,003   915 88
778   712 66
1,453   724 729
2,423   1,653 770
1,265   1,202 63
843   907 -64
4,395   3,537 858
1,308   1,310 -2
872   1,060 -188
2,001   1,853 148
3,146   3,584 -438
754   669 85
1,507   1,163 344
2,194   1,538 656
3,934   1,903 2,031
3,359   222 3,137
6,698   6,557 141
19,878   22,096 -2,218
19,894   19,886 8
38,159   39,497 -1,338
906   986 -80
792   867 -75
917   271 646
516   272 244
14,876   16,052 -1,176
17,573   18,180 -607
48,016   48,504 -488
23,805   24,686 -881
1,209   1,442 -233
907   1,094 -187
1,489   761 728
447   370 77
19,771   20,204 -433
2,445   1,701 744
868   687 181
30,516   20,529 9,987
634   615 19
20,000   20,021 -21
47,865   48,157 -292
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
      27,522
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       -952
b       782
c       211
d       215
e       758
      -84
      261
      25,120
      33,159
      -111
      556
      540
      -145
      174
      -13
      2
      2,286
      710
      265
      8
      118
      88
      66
      729
      770
      63
      -64
      858
      -2
      -188
      148
      -438
      85
      344
      656
      2,031
      3,137
      141
      -2,218
      8
      -1,338
      -80
      -75
      646
      244
      -1,176
      -607
      -488
      -881
      -233
      -187
      728
      77
      -433
      744
      181
      9,987
      19
      -21
      -292
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 104,274
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 2,577
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 2,577
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 2,577
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 2,208
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,208
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 369
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 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$   (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 arrowMN
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 arrowWELLS FARGO BANK NA Telephone no.right arrow (800) 352-3705

Located atright arrow100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+4right arrow27101
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
WELLS FARGO BANK N A TRUSTEE
1 		61,365    
100 N MAIN ST FL 5D4001-052
WINSTONSALEM,NC27101
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 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
5,267,793
b
Average of monthly cash balances.......................
1b
104,262
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,372,055
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
5,372,055
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
80,581
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,291,474
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
264,574
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
264,574
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
2,577
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,577
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
261,997
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
261,997
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
261,997
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
252,503
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
252,503
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 7 261,997
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 179,037
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 252,503
a Applied to 2023, but not more than line 2a 179,037
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..... 73,466
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		188,531
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
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).)
NONE
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.
NONE
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

UNIVERSITY OF WI RIVER FALLS FDN INC

410 S 3RD ST
RIVER FALLS,WI54022 		NONE PC GENERAL OPERATING 122,500

MAYO CLINIC

200 FIRST STREET SW
ROCHESTER,MN55905 		NONE PC GENERAL OPERATING 122,500
Total .................................right arrow 3a 245,000
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 ........... 		         
4 Dividends and interest from securities ....     14 138,719  
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 ............ 		    18 104,274  
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) ..   242,993  
13Total. Add line 12, columns (b), (d), and (e)..................
13
242,993
(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

TY 2024 AccountingFeesSchedule
Name:
MARCEL K LYNUM
EIN:
41-6245472
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,341     1,341

TY 2024 InvestmentsCorpBondsSchedule
Name:
MARCEL K LYNUM
EIN:
41-6245472
Name of Bond End of Year Book Value End of Year Fair Market Value
38141GXJ8 GOLDMAN SACHS GROUP    
29444UBK1 EQUINIX INC 19,952 19,790
776743AM8 ROPER TECHNOLOGIES    
579780AR8 MCCORMICK & CO 14,980 14,610
231021AU0 CUMMINS INC    
91282CDQ1 US TREASURY NOTE 1.2    
91282CBH3 US TREASURY NOTE    
023135CF1 AMAZON.COM INC 19,943 19,729
20030NBN0 COMCAST CORP    
097023DG7 BOEING CO 15,016 14,734
91282CCJ8 US TREASURY NOTE    
46647PCZ7 VR JPMORGAN CHASE &    
02005NBQ2 ALLY FINANCIAL INC 19,796 20,023
037833ET3 APPLE INC    
125523CP3 CIGNA CORP    
30303M8L9 META PLATFORMS INC 20,186 20,323
45866FAU8 INTERCONTINENTALEXCH 14,816 14,884
61747YEZ4 VR MORGAN STANLEY 5. 20,079 20,043
693506BU0 PPG INDUSTRIES INC 18,169 19,473
78016FZS6 ROYAL BANK OF CANADA 19,277 19,953
89115A2A9 TORONTO-DOMINION BAN    
9128283F5 US TREASURY NOTE 42,446 43,293
9128283W8 US TREASURY NOTE 43,342 43,706
961214FK4 WESTPAC BANKING CORP 20,390 20,570
023608AP7 AMEREN CORP 15,295 15,237
06051GLG2 VR BANK OF AMERICA 19,954 20,323
45687VAA4 INGERSOLL RAND INC 15,014 15,402
842400HY2 SOUTHERN CAL EDISON 15,368 15,298
842587CV7 SOUTHERN CO 18,789 19,761
912810FF0 US TREASURY BOND 5.2 35,967 36,498
91282CHE4 US TREASURY NOTE 48,213 49,657
91282CJR3 US TREASURY NOTE 44,532 44,780
91282CJW2 US TREASURY NOTE 48,863 50,155
00206RHJ4 AT&T INC 9,762 9,952
03027XCL2 AMERICAN TOWER CORP 14,847 15,162
120568BE9 BUNGE LTD FINANCE CO 14,502 14,802
14913UAQ3 CATERPILLAR FINL SER 10,172 10,001
20826FBJ4 CONOCOPHILLIPS COMPA 14,855 15,069
373334KY6 GEORGIA POWER CO 14,703 15,027
38141GWZ3 VR GOLDMAN SACHS 4.2 14,591 14,845
67103HAM9 O'REILLY AUTOMOTIVE 10,128 10,169
776696AG1 ROPER TECHNOLOGIES 14,664 14,925
824348AW6 SHERWIN-WILLIAMS CO 9,806 9,815
857477DB6 STATE STREET CORP 10,052 10,086
91282CFL0 US TREASURY NOTE 50,346 49,869
91282CGQ8 US TREASURY NOTE 49,902 50,108
91282CKG5 US TREASURY NOTE 50,881 50,375

TY 2024 InvestmentsCorpStockSchedule
Name:
MARCEL K LYNUM
EIN:
41-6245472
Name of Stock End of Year Book Value End of Year Fair Market Value
907818108 UNION PACIFIC CORP 12,861 82,014
037833100 APPLE INC 4,615 269,139
166764100 CHEVRON CORP 13,274 27,340
458140100 INTEL CORP    
87612E106 TARGET CORP 20,000 43,715
902973304 US BANCORP 22,108 33,128
88579Y101 3M CO 1,215 33,379
278865100 ECOLAB INC 11,761 74,374
83444M101 SOLVENTUM CORP    

TY 2024 InvestmentsOtherSchedule2
Name:
MARCEL K LYNUM
EIN:
41-6245472
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
464287481 ISHARES RUSSELL MID- AT COST 163,938 618,969
464287598 ISHARES RUSSELL 1000 AT COST 206,631 547,752
464287655 ISHARES RUSSELL 2000 AT COST 43,953 137,807
464287614 ISHARES RUSSELL 1000 AT COST 119,877 775,693
693390841 PIMCO HIGH YIELD FD- AT COST 150,000 137,347
00143W859 INV OPP DEVELOP MRKT AT COST 120,184 141,825
921909768 VANGUARD TOTAL INTL AT COST 45,285 67,007
31641Q755 FIDELITY NEW MRKTS I AT COST 80,325 64,589
04314H402 ARTISAN INTERNATIONA AT COST 142,852 199,172
133131102 CAMDEN PPTY TR SH BE AT COST 6,275 8,694
35086T109 FOUR CORNERS PROPERT AT COST 2,865 3,506
46187W107 INVITATION HOMES INC AT COST 4,771 8,155
78410G104 SBA COMMUNICATIONS C AT COST 9,968 12,986
925652109 VICI PROPERTIES INC AT COST 6,681 9,481
015271109 ALEXANDRIA REAL ESTA AT COST 5,359 3,229
46647B404 JPMORGAN MID CAP VAL AT COST 95,301 128,054
29444U700 EQUINIX INC AT COST 6,807 23,109
59522J103 MID AMERICA APARTMEN AT COST 7,412 9,556
828806109 SIMON PROPERTY GROUP AT COST 4,378 11,089
94987W794 ALLSPRING CORE BOND AT COST 250,000 201,916
03027X100 AMERICAN TOWER CORP AT COST 9,676 24,685
74340W103 PROLOGIS INC AT COST 6,691 18,571
866674104 SUN CMNTYS INC COM AT COST 9,590 12,961
693390700 PIMCO TOTAL RET FD-I AT COST 150,000 120,395
02665T306 AMERICAN HOMES 4 REN AT COST 6,154 8,213
74440Y884 PGIM HIGH YIELD-Q 10 AT COST 233,000 208,256
95040Q104 WELLTOWER INC AT COST 6,955 20,674
872365713 TCW EMRG MRKTS INC-P AT COST 150,000 120,244
27830W108 EV GL MACR ABS RTRN AT COST 160,000 168,346
313745101 FEDERAL REALTY INVES AT COST 3,820 4,201
36467J108 GAMING AND LEISURE P AT COST 4,344 4,437
88146M101 TERRENO REALTY CORP AT COST 7,507 8,012
22822V101 CROWN CASTLE INC AT COST 6,351 6,222
229663109 CUBESMART AT COST 4,977 4,917
30225T102 EXTRA SPACE STORAGE AT COST 9,040 12,092
45378A106 INDEPENDENCE REALTY AT COST 3,633 3,922
46284V101 IRON MOUNTAIN INC AT COST 7,947 11,056
32054K103 FIRST INDL RLTY TR I AT COST 6,423 6,228
76169C100 REXFORD INDUSTRIAL R AT COST 3,071 2,678

TY 2024 OtherDecreasesSchedule
Name:
MARCEL K LYNUM
EIN:
41-6245472
Description Amount
MUTUAL FUND TIMING ADJ 150
CY PURCHASE OF ACCRUED INTEREST 977
COST BASIS ADJUSTMENT 55


TY 2024 OtherExpensesSchedule
Name:
MARCEL K LYNUM
EIN:
41-6245472
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEE/STATE TAX 25 0   25


TY 2024 OtherIncreasesSchedule
Name:
MARCEL K LYNUM
EIN:
41-6245472
Description Amount
PY PURCHASE OF ACCRUED INTEREST 639


TY 2024 OtherProfessionalFeesSchedule
Name:
MARCEL K LYNUM
EIN:
41-6245472
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 729 729    


TY 2024 TaxesSchedule
Name:
MARCEL K LYNUM
EIN:
41-6245472
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,412 1,412   0
FEDERAL TAX PAYMENT - PRIOR YE 1,100 0   0
FEDERAL ESTIMATES - PRINCIPAL 2,208 0   0
FOREIGN TAXES ON NONQUALIFIED 211 211   0