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
THE BULOVA STETSON FUND
C/O BESSEMER TRUST
Number and street (or P.O. box number if mail is not delivered to street address)1225 FRANKLIN AVE 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GARDEN CITY, NY11530
A Employer identification number

13-3470502
B Telephone number (see instructions)

(516) 508-9623
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$15,439,446J 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) 500,100
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 237,562 237,562  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 733,169
b Gross sales price for all assets on line 6a 2,032,368
7 Capital gain net income (from Part IV, line 2)... 733,169
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
691 691 0
12 Total. Add lines 1 through 11........ 1,471,522 971,422 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
40,000 0 0 40,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
49,195 39,180 0 10,015
17 Interest............... 2,417 2,417 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,695 292 0 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
12,617 0 0 12,617
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 110,924 41,889 0 62,632
25 Contributions, gifts, grants paid....... 659,000 659,000
26 Total expenses and disbursements. Add lines 24 and 25 769,924 41,889 0 721,632
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 701,598
b Net investment income (if negative, enter -0-) 929,533
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.............      
2 Savings and temporary cash investments......... 130,532 76,351 76,351
3 Accounts receivable right arrow441
Less: allowance for doubtful accounts right arrow   402 441 441
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 12,215,255 Click to see attachment
List of Attached Documents:
// Content
12,811,250 		15,168,681
c Investments—corporate bonds (attach schedule).......      
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
122,266 		Click to see attachment
List of Attached Documents:
// Content
209,628 		Click to see attachment
List of Attached Documents:
// Content
193,973
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,468,455 13,097,670 15,439,446
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 60,000  
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)......... 60,000 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 12,408,455 13,097,670
29 Total net assets or fund balances (see instructions)..... 12,408,455 13,097,670
30 Total liabilities and net assets/fund balances (see instructions). 12,468,455 13,097,670
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
12,408,455
2
Enter amount from Part I, line 27a .....................
2
701,598
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,110,053
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
12,383
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,097,670
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 PUBLICLY TRADED SECURITIES - SHORT TERM P    
b PUBLICLY TRADED SECURITIES - LONG TERM P    
c PARTNERSHIPS - LONG TERM P    
d PARTNERSHIPS - SHORT TERM P    
e 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 200,008   203,488 -3,480
b 1,485,788   1,080,331 405,457
c       -17,857
d       2,477
e 346,572     346,572
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       -3,480
b       405,457
c       -17,857
d       2,477
e       346,572
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 2 733,169
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 12,921
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 12,921
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 12,921
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 5,179
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 13,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,179
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 5,258
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow5,258 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 arrowNY
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 arrowBESSEMER TRUST Telephone no.right arrow (516) 508-9623

Located atright arrow1225 FRANKLIN AVEGARDEN CITYNY ZIP+4right arrow11530
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
XIAO LI TAN PRESIDENT
5.00 		0 0 0
C/O BESSEMER TRUST 1225 FRANKLIN
AVE SUITE 500
GARDEN CITY,NY11530
DANIEL EDWARDS SECRETARY
5.00 		0 0 0
C/O BESSEMER TRUST 1225 FRANKLIN
AVE SUITE 500
GARDEN CITY,NY11530
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
14,715,687
b
Average of monthly cash balances.......................
1b
116,945
c
Fair market value of all other assets (see instructions)................
1c
92,762
d
Total (add lines 1a, b, and c).........................
1d
14,925,394
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
14,925,394
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
223,881
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,701,513
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
735,076
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
735,076
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
12,921
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,921
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
722,155
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
722,155
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
722,155
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
721,632
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
721,632
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 7 722,155
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 651,345
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 721,632
a Applied to 2023, but not more than line 2a 651,345
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..... 70,287
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 .......... 		651,868
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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

BROOKLYN BOTANIC GARDEN CORPORATION

990 WASHIGTON AVE
BROOKLYN,NY11225 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

BROOKLYN CHILDREN'S MUSEUM CORP

145 BROOKLYN AVENUE
BROOKLYN,NY112131930 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

CAREERS SUPPORT SOLUTIONS INC

400 COLUMBUS AVENUE SUITE 123 SOUTH
VALHALLA,NY105951359 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

CHINESE HISTORICAL AND CULTURAL PROJECT

PO BOX 5366
SAN JOSE,CA95150 		NONE PUBLIC CHARITY GENERAL PURPOSE 1,500

CHINESE THEATER WORKS INC

37-18 NORTHERN BLVD 105
LONG ISLAND CITY,NY11101 		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000

CORO NEW YORK LEADERSHIP CENTER

42 BROADWAY SUITE 2001
NEW YORK,NY100043852 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

EMPIRE STATE YOUTH ORCHESTRA

432 STATE STREET
SCHENECTADY,NY12305 		NONE PUBLIC CHARITY GENERAL PURPOSE 15,000

ESALEN INSTITUTE

548 MARKET ST PMB 48853
SAN FRANCISCO,CA941045401 		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000

FASHION INSTITUTE OF TECHOLOGY FOUNDATION

227 WEST 27TH STREET
NEW YORK,NY100015992 		NONE PUBLIC CHARITY GENERAL PURPOSE 40,000

FIRESIDE PROJECT

2443 FILLMORE ST 380-5757
SAN FRANCISCO,CA94115 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

FRESH YOUTH INITIATIVES INC

505 W 171ST STREET
NEW YORK,NY100323402 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

HARC INC

900 ASYLUM AVENUE
HARTFORD,CT061051901 		NONE PUBLIC CHARITY GENERAL PURPOSE 7,500

HEROIC HEARTS PROJECT INC

105 W 125 ST FRNT 11258
NEW YORK,NY10027 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

INNOCENCE PROJECT INC

40 WORTH STREET ROOM 701
NEW YORK,NY100132994 		NONE PUBLIC CHARITY GENERAL PURPOSE 50,000

INSTITUTE FOR THERAPEUTIC DISCOVERY INC

1 VIRGINIA AVENUE
PROVIDENCE,RI029054444 		NONE PUBLIC CHARITY GENERAL PURPOSE 25,000

MANHATTAN THEATRE CLUB INC

311 WEST 43RD STREET 8TH FLOOR
NEW YORK,NY10036 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

MULTI-DISCIPLIANARY PSYCHADELIC RESEARCH (MAPS)

3141 STEVENS CREEK BOULEVARD 40563
SAN JOSE,CA95117 		NONE PUBLIC CHARITY GENERAL PURPOSE 55,000

NEW YORK PHILHARMONIC

10 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

NEW YORK UNIVERSITY

GIFT PROCESSING CENTER
NEW YORK,NY10012 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

PERU FUND

PO BOX 2722
AMHERST,MA010021155 		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000

PONY POWER THERAPIES

1170 RAMAPO VALLEY ROAD
MAHWAK,NJ07430 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

PROSPECT PARK ALLIANCE INC

95 PROSPECT PARK WEST
BROOKLYN,NY11215 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

PUPPIES BEHIND BARS INC

263 WEST 38 STREET 4TH FLOOR
NEW YORK,NY100184483 		NONE PUBLIC CHARITY GENERAL PURPOSE 16,000

RED HOOK INITIATIVE

767 HICKS STREET
BROOKLYN,NY112312505 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

ROBIN HOOD FOUNDATION

826 BRAODWAY 9TH FLOOR
NEW YORK,NY10003 		NONE PUBLIC CHARITY GENERAL PURPOSE 30,000

ROUNDABOUT THEATRE COMPANY INC

231 WEST 39TH STREET
NEW YORK,NY10018 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

ROW NEW YORK INC

163 AMSTERDAM AVENUE SUITE 1108
NEW YORK,NY10023 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

SPECIAL OPERATIONS WARRIOR FOUNDATION

PO BOX 89367
TAMPA,FL33689 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

ST VINCENT FERRER HIGH SCHOOL

151 EAST 65TH STREET
NEW YORK,NY100656607 		NONE PUBLIC CHARITY GENERAL PURPOSE 34,000

STETSON UNIVERSITY INC

421 N WOODLAND BOULEVARD
DELAND,FL327238300 		NONE PUBLIC CHARITY GENERAL PURPOSE 60,000

TDF

520 8TH AVENUE ROOM 801
NEW YORK,NY100184192 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

THANK YOU LIFE

6818 DAUGHERTY ST
AUSTIN,TX78757 		NONE PUBLIC CHARITY GENERAL PURPOSE 15,000

THE SOUTHAMPTON FRESH AIR HOME

PO BOX 244
SOUTHAMPTON,NY11969 		NONE PUBLIC CHARITY GENERAL PURPOSE 10,000

THEATER FOR A NEW AUDIENCE

154 CHRISTOPHER STREET SUITE 3D
NEW YORK,NY10014 		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000

UNITED STATES WHEELCHAIR SPORTS FUND INC

3019 SAFFLOWER CIRCLE
WEST PALM BEACH,FL33401 		NONE PUBLIC CHARITY GENERAL PURPOSE 30,000

VETERANS EXPLORING TREATMENT SOLUTIONS

PO BOX 92040
SOUTHLAKE,TX760929440 		NONE PUBLIC CHARITY GENERAL PURPOSE 15,000

VETERANS WATCHMAKER INITIATIVE

PO BOX 329
LITTLE CREEK,DE19961 		NONE PUBLIC CHARITY GENERAL PURPOSE 60,000

WHEELCHAIR SPORTS FEDERATION

6454 82ND ST STE 2
MIDDLE VILLAGE,NY11379 		NONE PUBLIC CHARITY GENERAL PURPOSE 5,000
Total .................................right arrow 3a 659,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 237,562  
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 .....     01 691  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 733,169  
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) .. 0 971,422 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
971,422
(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
THE BULOVA STETSON FUND
C/O BESSEMER TRUST
Employer identification number

13-3470502
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
THE BULOVA STETSON FUND
C/O BESSEMER TRUST 		Employer identification number
13-3470502
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
SONJA J COOPER
 
C/O BESSEMER TRUST 1225 FRANKLIN AV
 
GARDEN CITY, NY11530

$ 100


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
JOHN B STETSON CO
 
C/O BESSEMER TRUST 1225 FRANKLIN AV
 
GARDEN CITY, NY11530

$ 300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
STETSON DIGITAL
 
C/O BESSEMER TRUST 1225 FRANKLIN AV
 
GARDEN CITY, NY11530

$ 200,000


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE BULOVA STETSON FUND
C/O BESSEMER TRUST 		Employer identification number

13-3470502
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE BULOVA STETSON FUND
C/O BESSEMER TRUST 		Employer identification number

13-3470502
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:
THE BULOVA STETSON FUND
 
C/O BESSEMER TRUST
EIN:
13-3470502
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE SERVICES 40,000 0 0 40,000

TY 2024 InvestmentsCorpStockSchedule
Name:
THE BULOVA STETSON FUND
 
C/O BESSEMER TRUST
EIN:
13-3470502
Name of Stock End of Year Book Value End of Year Fair Market Value
320443.12 OW FIXED INCOME FUND 3,295,924 3,201,226
251.00 TAKE-2 INTERACTIVE 32,625 46,204
149.00 LIVE NATION ENTERTMNT INC 12,591 19,295
721.00 ALPHABET INC CLASS C 86,522 137,307
158.00 META PLATFORMS INC 34,176 92,510
112.00 LOWES COS INC 23,953 27,641
45.00 LVMH MOET HENNESSY VUITTON 30,394 29,709
141.00 HILTON WORLDWIDE HOLDINGS 18,022 34,849
18.00 MERCADOLIBRE INC 16,787 30,607
260.00 DOLLARAMA INC 15,142 25,341
17.00 O'REILLY AUTO INC NEW 18,436 20,158
595.00 AMAZON.COM INC 64,124 130,537
3.00 AUTOZONE INC 7,662 9,606
16.00 POOL CORP 5,563 5,455
147.00 WYNDHAM HOTELS & RESORTS 12,713 14,816
246.00 BJ'S WHOLESALE CLUB HOLDIN 15,669 21,980
485.00 US FOODS HOLDING CORP 15,467 32,718
676.00 ALIMENTATION COUCHE-TARD I 33,531 37,443
30.00 COSTCO WHSL CORP NEW 14,659 27,488
525.00 WALMART INC 21,772 47,433
113055.76 OW CREDIT INCOME FUND 970,810 886,357
883.00 SCHLUMBERGER LTD 47,105 33,854
56.00 SPDR S&P OIL & GAS EXPLORA 7,530 7,412
474.00 CONOCOPHILLIPS 53,308 47,006
76.00 MSCI INC 45,020 45,600
282.00 JPMORGAN CHASE & CO 33,846 67,598
99.00 SPDR S&P REGIONAL BK ETF 6,587 5,974
50.00 S&P GLOBAL INC. 16,658 24,901
258.00 FISERV INC 40,232 52,998
159.00 APOLLO GLOBAL MANAGEMENT I 24,731 26,260
319.00 VISA INC 63,775 100,816
338.00 NASDAQ INC. 18,270 26,130
1345.00 BANK OF AMERICA CORP 44,460 59,112
613.00 BROOKFIELD CORPORATION 25,596 35,216
355.00 RYAN SPECIALTY HOLDNGS INC 16,794 22,776
69.00 WEX INC 11,619 12,097
212.00 TRADEWEB MARKETS INC 15,309 27,755
385.00 INTERCONTINENTAL EXCHG INC 41,603 57,368
122.00 STERIS PLC 26,704 25,078
195.00 COOPER COS INC/THE 16,272 17,926
25.00 IDEXX LABS CORP 10,638 10,336
70.00 MCKESSON CORP 38,110 39,893
149.00 CENCORA INC 25,645 33,477
1011.00 AVANTOR INC 25,499 21,301
153.00 UNITEDHEALTH GROUP INC 76,260 77,396
78.00 THERMO FISHER SCIENTIFIC 42,029 40,577
190.00 DANAHER CORP 43,322 43,614
63.00 MEDPACE HOLDINGS 18,437 20,930
346.00 HOWMET AEROSPACE INC 12,024 37,842
49.00 CARLISLE COS 11,894 18,073
363.00 CORE & MAIN INC 16,966 18,480
571.00 TRANSUNION 38,505 52,937
42.00 SAIA INC COM 12,361 19,140
75.00 EQUIFAX INC 14,559 19,113
117.00 CLEAN HARBORS INC 17,243 26,926
56.00 BUILDERS FIRSTSOURCE INC 11,191 8,004
55.00 OLD DOMINION FREIGHT 12,194 9,702
64.00 EATON CORP PLC 8,562 21,239
160.00 BOOZ ALLEN HAMILTON HLDGS 17,442 20,592
338.00 COPART INC 9,370 19,397
439.00 WILLSCOT HOLDINGS CORP 20,004 14,684
111.00 BWX TECHNOLOGIES INC 10,078 12,364
488.00 ASHTEAD GROUP 32,665 30,327
59.00 NORTHROP GRUMMAN CORP 26,200 27,688
447.00 MARVELL TECHNOLOGY INC 21,901 49,371
1131.00 NVIDIA CORP 19,466 151,881
179.00 BROADCOM INC 29,421 41,499
101.00 NXP SEMICONDUCTORS NV 24,989 20,992
121.00 ENTEGRIS INC 15,296 11,986
11.00 CONSTELLATION SOFTWARE 28,865 33,971
134.00 APPLIED MATERIALS 22,759 21,792
93.00 GARTNER INC CL A 35,179 45,055
123.00 CDW CORP/DE 21,475 21,406
1065.00 CCC INTELLIGENT SOLUTIONS 12,378 12,492
152.00 KEYSIGHT TECHNOLOGIES INC 23,759 24,415
32.00 ASML HOLDING 16,232 22,563
619.00 APPLE INC 90,483 155,009
84.00 MANHATTAN ASSOCIATES INC 16,095 22,700
393.00 MICROSOFT CORP 98,927 165,649
126.00 NICE LTD ADR 24,232 21,399
111.00 MOTOROLA SOLUTIONS INC 28,506 51,307
414.00 FORTINET INC 28,915 39,114
12.00 ASM INTERNATIONAL NV 3,332 6,966
296162.71 OW LARGE CAP STRATEGIES FD 4,465,163 5,872,906
282.00 CRH PLC 19,520 26,090
63.00 SBA COMMUNICATIONS CORP 13,415 12,839
144.00 CBRE GROUP INC 18,933 18,905
106.00 PROLOGIS INC 11,321 11,204
126437.92 OW SMALL & MIDCAP STRAT FD 1,802,709 2,023,006
353.00 AMEREN CORP 29,826 31,466
366.00 NEXTERA ENERGY INC 27,599 26,238
104.00 UTILITIES SELECT SECT SPDR 7,395 7,871

TY 2024 OtherAssetsSchedule
Name:
THE BULOVA STETSON FUND
 
C/O BESSEMER TRUST
EIN:
13-3470502
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RETHINK FOOD 109,814 126,029 98,264
SILVERPEAK 82 -15 1,328
FIFTH AVE PRIVATE EQUITY 17 13,885 69,890 75,929
FIFTH AVE PRIVATE EQUITY 6 -1,515 13,724 18,452


TY 2024 OtherDecreasesSchedule
Name:
THE BULOVA STETSON FUND
 
C/O BESSEMER TRUST
EIN:
13-3470502
Description Amount
PALS 2,147
TRUNCATION/BASIS ADJUSTMENT/TIMING 236
2023 REPLACEMENT CHECK 10,000


TY 2024 OtherExpensesSchedule
Name:
THE BULOVA STETSON FUND
 
C/O BESSEMER TRUST
EIN:
13-3470502
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 750 0 0 750
MISC EXPENSES 11,867 0 0 11,867


TY 2024 OtherIncomeSchedule2
Name:
THE BULOVA STETSON FUND
 
C/O BESSEMER TRUST
EIN:
13-3470502
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME - UBS 684 684  
PARTNERSHIPS 7 7  


TY 2024 OtherProfessionalFeesSchedule
Name:
THE BULOVA STETSON FUND
 
C/O BESSEMER TRUST
EIN:
13-3470502
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 30,046 20,031 0 10,015
FROM PARTNERSHIPS 19,149 19,149 0 0


TY 2024 TaxesSchedule
Name:
THE BULOVA STETSON FUND
 
C/O BESSEMER TRUST
EIN:
13-3470502
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 695 292 0 0
EXCISE TAX 5,000 0 0 0
ESTIMATED TAX PAYMENTS 1,000 0 0 0