TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
TRAILSEND FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)6205-A PEACHTREE DUNWOODY ROAD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30328

A Employer identification number

23-7256190

B Telephone number (see instructions)

(678) 645-4659

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$148,540,273J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	2,467,649		2,465,065
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		6,809,049
b	Gross sales price for all assets on line 6a 39,360,161
7	Capital gain net income (from Part IV, line 2)...			6,888,792
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).......	List of Attached Documents: // Content	25,794	29,816
12	Total. Add lines 1 through 11........	9,302,492		9,383,673
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	14,974	0	11,314
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	761,172	741,903	30,100
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	106,340	1,340	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	1,390	1,390	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	883,876		744,633	41,414
25	Contributions, gifts, grants paid.......	5,542,635			6,647,635
26	Total expenses and disbursements. Add lines 24 and 25	6,426,511		744,633	6,689,049
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,875,981
b	Net investment income (if negative, enter -0-)			8,639,040
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	3,074,081	4,191,254	4,191,254
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	83,913,010	List of Attached Documents: // Content 84,123,940	100,732,796
	c	Investments—corporate bonds (attach schedule).......	3,339,461	List of Attached Documents: // Content 3,387,508	3,331,254
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	24,412,364	List of Attached Documents: // Content 24,803,539	40,153,225
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 142,367	List of Attached Documents: // Content 131,744	List of Attached Documents: // Content 131,744
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	114,881,283	116,637,985	148,540,273
	17	Accounts payable and accrued expenses..........	21,600	7,321
	18	Grants payable.................	3,325,000	2,220,000
	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 )
	23	Total liabilities (add lines 17 through 22).........	3,346,600	2,227,321
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,000	1,000
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	111,533,683	114,409,664
	29	Total net assets or fund balances (see instructions).....	111,534,683	114,410,664
	30	Total liabilities and net assets/fund balances (see instructions).	114,881,283	116,637,985

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

111,534,683

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

2,875,981

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

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

114,410,664

Decreases not included in line 2 (itemize) right arrow

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

114,410,664

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	PUBLICLY TRADED SECURITIES	P
b	ST GAIN FROM K-1: ACADIAN ALL COUNTRY WORLD EX US	P
c	ST GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS II	P
d	LT GAIN FROM K-1: ACADIAN ALL COUNTRY WORLD EX US	P
e	LT GAIN FROM K-1: BDT CAPITAL PARTNERS FUND I-A	P
	LT GAIN FROM K-1: BDT CAPITAL PARTNERS FUND II	P
	LT GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS III	P
	LT GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS IV	P
	LT GAIN FROM K-1: TTV FUND IV, L.P.	P
	LT LOSS FROM K-1: TTV FUND V	P
	LT LOSS FROM K-1: TTV FUND VI	P
	ACADIAN ALL COUNTRY WORLD EX US GAIN	P
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	39,267,163	34,847,635	4,419,528
b			104,449
c			1,354
d			144,964
e			221,901
			34,456
			1,244,892
			5,698
			670,720
			-808
			-30,779
	23,224	20,581	2,643
	69,774		69,774

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			4,419,528
b			104,449
c			1,354
d			144,964
e			221,901
			34,456
			1,244,892
			5,698
			670,720
			-808
			-30,779
			2,643
			69,774

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	6,888,792
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	120,083
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	120,083
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	120,083
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	114,731
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	75,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	189,731
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	69,648
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax69,648	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

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

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

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

List of Attached Documents:

// Content

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

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

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

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

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

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

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

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

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

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

COX FOUNDATIONS COX ENTERPRISES Telephone no. right arrow

(678) 645-4659

Located at right arrow

6205-A PEACHTREE DUNWOODY ROADATLANTAGA ZIP+4 right arrow

30328

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

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

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

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

16 No

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

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

1a(1)

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

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

1a(2)

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

1a(3)

Yes

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

1a(4)

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

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

1a(5)

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

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

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

1a(6)

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

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

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

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

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

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

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

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

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

If "Yes," list the years right arrow

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

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

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

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

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

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

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

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

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

5a(2)

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

5a(3)

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

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

5a(4)

Yes

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

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

5a(5)

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

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

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

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

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

Yes

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

List of Attached Documents:

// Content

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

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

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

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

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

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

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

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

Part VII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JAMES C KENNEDY	CHAIR/TRUSTEE 0.40	0	0	0
6205-A PEACHTREE DUNWOODY ROAD ATLANTA,GA30328	CHAIR/TRUSTEE 0.40	0	0	0
BLAIR PARRY-OKEDEN	PRESIDENT/TRUSTEE 0.40	0	0	0
6205-A PEACHTREE DUNWOODY ROAD ATLANTA,GA30328	PRESIDENT/TRUSTEE 0.40	0	0	0
NANCY K RIGBY	TREASURER/SECRETARY 5.00	0	0	0
6205-A PEACHTREE DUNWOODY ROAD ATLANTA,GA30328	TREASURER/SECRETARY 5.00	0	0	0
BARBARA K HARTY	VICE PRESIDENT/TRUSTEE 0.40	0	0	0
6205-A PEACHTREE DUNWOODY ROAD ATLANTA,GA30328	VICE PRESIDENT/TRUSTEE 0.40	0	0	0
ANDREW PARRY-OKEDEN	VICE PRESIDENT/TRUSTEE 0.40	0	0	0
6205-A PEACHTREE DUNWOODY ROAD ATLANTA,GA30328	VICE PRESIDENT/TRUSTEE 0.40	0	0	0
JOHN M DYER	VICE PRESIDENT/TRUSTEE 0.40	0	0	0
6205-A PEACHTREE DUNWOODY ROAD ATLANTA,GA30328	VICE PRESIDENT/TRUSTEE 0.40	0	0	0
JESSIE S MCKELLAR	ASSISTANT SECRETARY 5.00	0	0	0
6205-A PEACHTREE DUNWOODY ROAD ATLANTA,GA30328	ASSISTANT SECRETARY 5.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

Form 990-PF (2024)

Page 7

Part VII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
STG PARTNERS	INVESTMENT MANAGEMENT FEES	709,833
3455 PEACHTREE RD NE STE 1000 ATLANTA,GA30326	INVESTMENT MANAGEMENT FEES	709,833

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

101,713,295

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

4,905,954

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

40,153,225

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

146,772,474

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

146,772,474

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

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

2,201,587

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

144,570,887

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

7,228,544

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

7,228,544

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

120,083

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

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

120,083

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

7,108,461

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

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

7,108,461

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

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

7,108,461

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

6,689,049

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

6,689,049

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				7,108,461
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			380,884
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: $ 6,689,049
a Applied to 2023, but not more than line 2a			380,884
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.....				6,308,165
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 ..........				800,296
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACCESS FUND 4720 WALNUT STREET SUITE 200 BOULDER,CO80301		PC	GENERAL OPERATING SUPPORT	10,000
AGAPE COMMUNITY CENTER INC 2210 MARIETTA BLVD NW ATLANTA,GA30318		PC	GENERAL OPERATING SUPPORT	25,000
AMERICAN FRIENDS OF THE SCHOOL OF ST JUDE TANZANIA INC 2810 AVENUE OF THE WOODS LOUISVILLE,KY402416232		PC	GENERAL OPERATING SUPPORT	500,000
ATLANTA POLICE FOUNDATION 191 PEACHTREE STREET NE SUITE 191 ATLANTA,GA30303		PC	GENERAL OPERATING SUPPORT	100,000
CITY OF REFUGE INC 1300 JOSEPH E BOONE BLVD NW ATLANTA,GA30314		PC	GENERAL OPERATING SUPPORT	25,000
COVENANT HOUSE GEORGIA 1559 JOHNSON ROAD NW ATLANTA,GA30318		PC	GENERAL OPERATING SUPPORT	25,000
CURE CHILDHOOD CANCER INC 200 ASHORD CENTER NORTH SUITE 250 ATLANTA,GA303382669		PC	PROGRAM SUPPORT	100,000
EARTHJUSTICE 50 CALIFORNIA STREET SUITE 500 SAN FRANCISCO,CA941114608		PC	GENERAL OPERATING SUPPORT	20,000
EMORY UNIVERSITY 201 DOWMAN DRIVE SUITE 404 ATLANTA,GA303221710		PC	SPECIAL PROJECT SUPPORT	1,100,000
EMORY UNIVERSITY 201 DOWMAN DRIVE SUITE 404 ATLANTA,GA303221710		PC	PROGRAM SUPPORT	250,000
EMPOWER GOLF 8/47 GLADESVILLE ROAD HUNTERS HILL,NSW2110 AS		NC	SUPPORT TO PROVIDE SPECIALIZED GOLF SERVICES AND CLINICS TO INDIVIDUALS LIVING WITH A DISABILITY ACROSS AUSTRALIA	30,000
ENVIRONMENTAL DEFENSE FUND INC 1875 CONNECTICUT AVE NW SUITE 600 WASHINGTON,DC20009		PC	GENERAL OPERATING SUPPORT	20,000
FIREWOOD BANK OF THE RUBY VALLEY 17 ECLIPSE LANE SHERIDAN,MT597499624		PC	GENERAL OPERATING SUPPORT	20,000
FIREWOOD BANK OF THE RUBY VALLEY 17 ECLIPSE LANE SHERIDAN,MT597499624		PC	GENERAL OPERATING SUPPORT	10,000
GEORGIA CONSERVANCY 230 PEACHTREE STREET SUITE 2275 ATLANTA,GA30303		PC	GENERAL OPERATING SUPPORT	50,000
GEORGIA DEPARTMENT OF HUMAN SERVICES 2 PEACHTREE STREET NW SUITE 19-472 ATLANTA,GA30303		GOV	PROGRAM SUPPORT	25,000
GOOD SAMARITAN HEALTH CENTER 1015 DONALD LEE HOLLOWELL PARKWAY ATLANTA,GA30318		PC	GENERAL OPERATING SUPPORT	25,000
GREENWICH COUNTRY DAY SCHOOL INC 401 OLD CHURCH ROAD PO BOX 623 GREENWICH,CT068360623		PC	GENERAL OPERATING SUPPORT	25,000
HAWAII PREPARATORY ACADEMY 65-1692 KOHALA MOUNTAIN ROAD KAMUELA,HI967438476		PC	CAPITAL CAMPAIGN	300,000
HAWAII SCHOOL FOR GIRLS 2933 PONI MOI ROAD HONOLULU,HI968154740		PC	GENERAL OPERATING SUPPORT	1,000,000
HEALTH EDUCATION ASSESSMENT AND LEADERSHIP INC 2600 MARTIN LUTHER KING JR BLVD SW SUITE 100 ATLANTA,GA30311		PC	GENERAL OPERATING SUPPORT	25,000
HILTON HEAD ISLAND DEEP WELL PROJECT PO BOX 5543 HILTON HEAD ISLAND,SC299385543		PC	GENERAL OPERATING SUPPORT	15,000
JACKSONS COMMUNITY GARDENS INC P O BOX 41 SHERIDAN,MT597490041		PC	PROGRAM SUPPORT	1,500
KAPIOLANI HEALTH FOUNDATION 55 MERCHANT STREET SUITE 2600 HONOLULU,HI96813		PC	PROGRAM SUPPORT	85,000
LAND TRUST ALLIANCE INCORPORATED 1250 H STREET NW SUITE 600 WASHINGTON,DC20005		PC	GENERAL OPERATING SUPPORT	50,000
MISSISSIPPI STATE UNIVERSITY PO BOX 5227 MISSISSIPPI STATE,MS397625227		PC	SPECIAL PROJECT SUPPORT	100,000
MYELOMA FOUNDATION OF AUSTRALIA INC 333 SWAN STREET RICHARD,VIC3121 AS		NC	MYELOMA SUPPORT NURSES AND SERVICES	50,000
NORTH FULTON COMMUNITY CHARITIES 11270 ELKINS ROAD ROSWELL,GA30076		PC	GENERAL OPERATING SUPPORT	50,000
OPERATION HOMEFRONT 731 PEACHTREE STREET SUITE A ATLANTA,GA30308		PC	SPECIAL PROJECT SUPPORT	75,000
PLANNED PARENTHOOD SOUTHEAST INC 241 PEACHTREE STREET SUITE 400 ATLANTA,GA30303		PC	PROGRAM SUPPORT	400,000
POLYNESIAN VOYAGING SOCIETY 10 SAND ISLAND PARKWAY HONOLULU,HI968194355		PC	SPECIAL PROJECT SUPPORT	150,000
PROPERTY & ENVIRONMENT RESEARCH CENTER 2048 ANALYSIS DRIVE SUITE A BOZEMAN,MT597186829		PC	GENERAL OPERATING SUPPORT	100,000
ROCKY MOUNTAIN ELK FOUNDATION 5705 GRANT CREEK RD PO BOX 8249 MISSOULA,MT59808		PC	PROGRAM SUPPORT	250,000
RUBY VALLEY FOOD PANTRY PO BOX 637 SHERIDAN,MT59749		PC	GENERAL OPERATING SUPPORT	5,000
SOUTHEASTERN GUIDE DOGS INC 4210 77TH STREET EAST PALMETTO,FL34221		PC	GENERAL OPERATING SUPPORT	15,000
STEADMAN PHILIPPON RESEARCH INSTITUTE 181 WEST MEADOW DRIVE SUITE 1000 VAIL,CO81657		PC	GENERAL OPERATING SUPPORT	50,000
THE LIVESTRONG FOUNDATION 623 W 38TH STREET SUITE 300 AUSTIN,TX78705		PC	GENERAL OPERATING SUPPORT	50,000
THE SHORE FOUNDATION BLUE STREET NORTH SYDNEY PO BOX 1221 NORTH SYDNEY,NSW2059 AS		NC	GENERAL OPERATING SUPPORT	250,000
TREASURE STATE FOUNDATION 400 N CALIFORNIA ST HELENA,MT596014968		PC	PROGRAM SUPPORT	10,000
TUDOR STATE FOUNDATION LIMITED 6480 ILLAWARRA HIGHWAY MOSS VALE,NSW2577 AS		NC	SUPPORT FOR SCHOLARSHIPS	100,000
TWIN BRIDGES RURAL FIRE DEPARTMENT PO BOX 8 TWIN BRIDGES,MT59754		PC	SPECIAL PROJECT SUPPORT	46,135
TWIN BRIDGES SENIOR & COMMUNITY CENTER INC PO BOX 7 TWIN BRIDGES,MT597540007		PC	GENERAL OPERATING SUPPORT	10,000
UNIVERSITY OF MONTANA FOUNDATION 950 ARTHUR AVENUE GILKEY BUILDING 2ND FLOOR MISSOULA,MT598077159		PC	SPECIAL PROJECT SUPPORT	315,000
UNIVERSITY OF MONTANA FOUNDATION 950 ARTHUR AVENUE GILKEY BUILDING 2ND FLOOR MISSOULA,MT598077159		PC	SPECIAL PROJECT SUPPORT	685,000
VANDERBILT UNIVERSITY 221 KIRKLAND HALL PMB 407826 NASHVILLE,TN372407727		PC	PROGRAM SUPPORT	25,000
WHERE THERE'S A WILL PO BOX 598 SCONE,NSW2337 AS		NC	SUPPORT FOR STUDENT LEADERSHIP PROGRAMS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS WITHIN THE UPPER HUNTER COMMUNITY	25,000
WILDERNESS SOCIETY 1801 PENNSYLVANIA AVE NW SUITE 200 WASHINGTON,DC20006		PC	SPECIAL PROJECT SUPPORT	50,000
Total ................................. 3a				6,647,635

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	2,467,649
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 .....			14	15,082
8 Gain or (loss) from sales of assets other than inventory ............			18	6,809,049
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPARTNERSHIPS INCOME			14	14,734
bPARTNERSHIP INCOME - UBI	525990	-4,006
cPARTNERSHIP INCOME - NDE			14	-16
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		-4,006		9,306,498	0

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

9,302,492

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	14,974	0		11,314

- TIN:

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

TY 2024 ExpenditureResponsibilityStmt

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Grantee's Name	Grantee's Address	Grant Date	Grant Amount	Grant Purpose	Amount Expended By Grantee	Any Diversion By Grantee?	Dates of Reports By Grantee	Results of Verification
HUNTER MEDICAL RESEARCH INSTITUE (HMRI)	LOT 1 KOOKABURRA CCT NEW LAMBTON,NSW2305 AS	2017-10-19	2,500,000	DEVELOP, IMPLEMENT AND EVALUATE AN EVIDENCE-BASED EDUCATION PROGRAM FOR PARAMEDICS, RELATED TELEHEALTH TECHNOLOGIES AND A MODEL OF CARE WHICH ENABLES 'ADVANCED OUT OF HOSPITAL CARE.'THE $2,500,000 PLEDGE IS PAYABLE OVER FIVE YEARS (2017-2021). THE FIRST PAYMENT OF $500,000 MADE ON OCTOBER 19, 2017. THE SECOND PAYMENT OF $500,000 WAS MADE ON NOVEMBER 7, 2018. THE THIRD PAYMENT OF $500,000 WAS MADE ON 11/26/19. THE FOURTH PAYMENT OF $500,000 WAS MADE ON 12/2/20. THE FIFTH AND FINAL PAYMENT OF $500,000 WAS MADE ON 12/14/21. SEE BELOW FOR DATES OF PRIMARY REPORTS RECEIVED. SECONDARY REPORTS BY GRANTEE WERE ISSUED ON: 9/30/18, 9/30/19, AND 9/21/20.	2,195,422	NONE	PRIMARY REPORTS: 3/28/18, 3/27/19, 3/27/20, 3/23/21, 6/30/22	TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED FOR ANY ACTIVITY OTHER THAN THE FOR THE PURPOSES FOR WHICH THE FUNDS WERE INTENDED.
MYELOMA FOUNDATION OF AUSTRALIA	335 SWAN STREET RICHMOND,VICTORIA3121 AS	2022-12-14	50,000	MYELOMA SUPPORT NURSES AND SERVICES	49,741	NONE	10/3/23	TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED FOR ANY ACTIVITY OTHER THAN THE FOR THE PURPOSES FOR WHICH THE FUNDS WERE INTENDED.
WESTMEAD HOSPITAL FOUNDATION	166 HAWKESBURY ROAD WESTMEAD,NSW2145 AS	2021-11-24	1,000,000	SUPPORT ADVANCING RESEARCH, EDUCATION AND CARE FOR KIDNEY AND PANCREAS TRANSPLANT RECIPIENTS. THE $1,000,000 PLEDGE IS PAYABLE OVER TWO YEARS (2021-2022). THE FIRST PAYMENT OF $500,000 WAS MADE ON NOVEMBER 24, 2021. THE SECOND PAYMENT OF $500,000 WAS MADE ON JANUARY 19,2022.	550,260	NONE	9/30/22, 1/25/23, 5/30/24, 10/15/25	TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED FOR ANY ACTIVITY OTHER THAN THE FOR THE PURPOSES FOR WHICH THE FUNDS WERE INTENDED.
MYELOMA FOUNDATION OF AUSTRALIA	335 SWAN STREET RICHMOND,VICTORIA3121 AS	2023-12-11	50,000	MYELOMA SUPPORT NURSES AND SERVICES	50,000	NONE	11/19/24	TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED FOR ANY ACTIVITY OTHER THAN THE FOR THE PURPOSES FOR WHICH THE FUNDS WERE INTENDED.
EMPOWER GOLF	8/47 GLADESVILLE RD HUNTERS HILL,NSW2110 AS	2024-04-18	30,000	SUPPORT TO PROVIDE SPECIALIZED GOLF SERVICES AND CLINICS TO INDIVIDUALS LIVING WITH A DISABILITY ACROSS			REPORT PENDING
MYELOMA FOUNDATION OF AUSTRALIA INC	335 SWAN STREET RICHMOND,VICTORIA3121 AS	2024-12-24	50,000	MYELOMA SUPPORT NURSES AND SERVICES			REPORT PENDING
THE SHORE FOUNDATION	BLUE STREET NORTH SYDNEY PO BOX 1221 NORTH SYDNEY,NSW2059 AS	2024-02-22	250,000	SUPPORT FOR SCHOLARSHIPS (ENDOWMENT)	0	NONE	9/24/25	TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED FOR ANY ACTIVITY OTHER THAN THE FOR THE PURPOSES FOR WHICH THE FUNDS WERE INTENDED.
TUDOR STATE FOUNDATION LIMITED	6480 ILLAWARRA HIGHWAY MOSS VALE,NSW2577 AS	2024-12-24	100,000	SUPPORT FOR SCHOLARSHIPS			REPORT DUE 03/2026
WHERE THERE'S A WILL	P O BOX 598 SCONE,NSW2377 AS	2024-02-19	25,000	SUPPORT FOR STUDENT LEADERSHIP PROGRAMS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS WITHIN THE UPPER HUNTER COMMUNITY			REPORT DUE IN 2025

- TIN:

TY 2024 ExplnOfNonFilingWithAGStmt

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Statement:

PART VII-A, QUESTION 8B THE TRAILSEND FOUNDATION MEETS THE REQUIREMENTS AS SET BY THE OHIO ATTORNEY GENERAL. THE FOUNDATION FILES THE OHIO ANNUAL REPORT WITH THE STATE OF OHIO, IN LIEU OF FORM 990-PF, RETURN OF PRIVATE FOUNDATION.

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	73,609	74,690
AMAZON.COM INC	75,191	71,759
AMERICAN EXPRESS CO	76,641	77,323
ANALOG DEVICES INC	61,217	62,827
ANHEUSER-BUSCH INBEV WOR	69,799	70,315
AON NORTH AMERICA INC	52,106	49,910
BANK OF AMERICA CORP	73,177	72,281
BANK OF AMERICA CORP	72,236	73,561
BP CAP MARKETS AMERICA	75,626	74,081
BP CAP MARKETS AMERICA	76,134	72,551
BRISTOL-MYERS SQUIBB CO	63,648	65,309
CHARLES SCHWAB CORP	72,209	71,750
CHARLES SCHWAB CORP	74,818	78,744
CITIGROUP INC	74,818	74,529
CITIGROUP INC	73,122	74,834
COMCAST CORP	76,328	74,610
COMCAST CORP	77,894	73,142
DUKE ENERGY CAROLINAS	80,427	72,827
FIFTH THIRD BANCORP	75,724	72,593
FLORIDA POWER & LIGHT CO	50,295	49,763
GOLDMAN SACHS GROUP INC	71,278	72,976
HOME DEPOT INC	77,889	67,528
HONEYWELL INTERNATIONAL	75,187	74,024
LAM RESEARCH CORP	77,386	72,920
LOCKHEED MARTIN CORP	76,477	74,295
LOCKHEED MARTIN CORP	76,761	75,794
MARSH & MCLENNAN COS INC	77,298	73,653
MASTERCARD INC	81,162	70,086
MEDTRONIC GLOBAL HLDINGS	74,021	74,065
MORGAN STANLEY	75,400	74,693
NVIDIA CORP	76,854	73,544
PAYPAL HOLDINGS INC	63,598	68,570
PAYPAL HOLDINGS INC	47,432	48,014
PFIZER INC	75,017	72,969
PNC FINANCIAL SERVICES	64,338	66,603
PNC FINANCIAL SERVICES	81,521	81,867
QUALCOMM INC	71,886	72,946
ROYAL BANK OF CANADA	68,238	71,755
TARGET CORP	75,341	74,444
TORONTO-DOMINION BANK	45,039	47,237
TRUIST FINANCIAL CORP	72,608	76,358
UNION PACIFIC CORP	77,997	71,971
UNITEDHEALTH GROUP INC	75,446	74,690
UNITEDHEALTH GROUP INC	78,522	68,942
US BANCORP	73,782	74,142
US BANCORP	75,429	75,620
VISA INC	76,582	74,149

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Name of Stock	End of Year Book Value	End of Year Fair Market Value
1ST CTZNS BNCSHS INC A	131,581	166,928
ADOBE SYS DEL PV$ 0.001	182,055	213,445
ADVANCED DRAIN SYS INC	87,393	120,685
ADVNCD MICRO D INC	146,410	161,858
AES CORP	196,346	156,640
AGILENT TECHNOLOGIES INC	110,377	113,248
AIRBNB INC CL A	82,830	80,816
AIRBNB INC CL A	236,258	201,188
ALIBABA GROUP HOLDING LT	101,368	50,873
ALLSTATE CORP DEL COM	128,909	206,863
ALLY FINL INC	209,496	211,378
ALPHABET INC SHS CL A	135,977	202,171
ALPHABET INC SHS CL A	67,218	254,040
ALPHABET INC SHS CL A	210,019	281,488
ALPHABET INC SHS CL A	221,615	343,768
ALPHABET INC SHS CL C	60,618	224,147
ALPHABET INC SHS CL C	234,573	387,736
AMAZON COM INC COM	200,353	506,352
AMAZON COM INC COM	499,438	743,293
AMAZON COM INC COM	454,104	677,696
AMERICAN INTERNATIONAL GROUP INC	95,964	120,630
AMERICAN INTERNATIONAL GROUP INC	221,034	224,151
AMERICAN TOWER REIT INC	148,893	136,457
AMETEK INC NEW	88,470	210,544
AMETEK INC NEW	399,241	436,590
AMPHENOL CORP CL A NEW	192,545	320,095
AON PLC	415,337	409,802
APACHE CORP	146,014	107,091
API GROUP CORP REG SHS	472,140	496,170
APPLE INC	334,656	523,378
APPLIED INDUSTRL TECH	87,039	144,640
APPLIED MATERIALS INC	127,508	124,737
ARES MANAGEMENT	180,814	215,268
ARTISAN INTERNATIONAL	1,912,540	2,069,050
ASHLAND INC NEW	285,708	237,890
ASML HLDG NV NY REG SHS	134,754	134,458
ATMOS ENERGY CORP COM	131,666	214,754
AUTODESK INC COM ISIN #US0527691069 SED	102,538	219,313
AVERY DENNISON CORP	169,251	170,475
BANK NEW YORK MELLON	140,496	190,077
BANKUNITED INC	184,100	184,094
BAXTER INTERNTL INC	88,609	64,385
BECTON DICKINSON CO	436,552	431,280
BIO TECHNE CORP COM STK	180,352	189,223
BLACKROCK GLOBAL ALLOCATION FD INC INSTL	3,278,836	2,817,966
BLACKROCK INC	53,714	79,959
BLACKROCK LIQUIDITY FUND	40,192	40,192
BLACKROCK LIQUIDITY FUND	56,361	56,361
BLACKROCK MULTI-SECTOR	20,303	0
BOEING COMPANY	181,562	180,894
BOEING COMPANY	341,685	326,565
BORG WARNER INC COM	72,409	71,909
BRISTOL-MYERS SQUIBB CO	145,269	143,323
BURLINGTON STORES INC	38,856	83,238
CACI INTL INC CL A	349,819	356,381
CADENCE DESIGN SYS INC	152,025	231,655
CAMDEN PPTY TR SH	170,696	163,500
CANADIAN PAC KANS CITY	199,239	190,912
CANADIAN PAC KANS CITY	473,738	443,122
CAPITAL ONE FINL	148,709	195,260
CARLYLE (THE) GROUP INC	83,014	81,036
CARRIER GLOBAL CORP REG	79,344	78,089
CATERPILLAR INC DEL	119,012	139,663
CBRE GROUP INC COM	146,927	220,961
CBRE GROUP INC COM	240,968	332,820
CBRE GROUP INC COM	131,685	180,261
CCC INTELLIGENT	126,773	131,423
CDW CORP	88,765	43,118
CENTENE CORP	135,617	130,913
CENTENE CORP	219,457	174,228
CHARLES RIVER LABS INTL	644,590	536,448
CHARTER COMMUNICATIONS INC NEW CL A	150,823	167,615
CHEVRON CORP	131,177	121,086
CHIPOTLE MEXICAN GRILL	91,103	165,885
CIENA CORP	109,093	208,717
CIGNA CORP	114,225	114,322
CISCO SYSTEMS INC COM	93,404	99,870
CITIGROUP INC COM NEW	111,258	176,116
CITIGROUP INC COM NEW	259,391	319,500
CLEAN HARBORS INC	309,206	374,208
COLGATE PALMOLIVE	119,268	137,183
COMCAST CORP NEW CL A	189,589	150,608
CONCENTRA GROUP HLDGS	182,700	158,062
CONOCOPHILLIPS	109,803	106,013
CONOCOPHILLIPS	214,324	189,117
COPART INC COM	60,323	91,480
COREBRIDGE FINL INC	77,586	79,255
CORNING INC	101,090	149,498
CORTEVA INC REG SHS	190,958	192,639
CORTEVA INC REG SHS	165,596	175,095
CRH SPON ADR EA REPR 1 ORD SHS EUR0.32	143,663	231,207
CROWN CASTLE INTL CORP	348,566	358,213
CSX CORP	128,004	129,661
CVS CAREMARK CORP	144,310	107,108
CVS CAREMARK CORP	94,280	61,858
DANAHER CORP DEL COM	130,181	136,353
DANAHER CORP DEL COM	203,958	185,017
DANAHER CORP DEL COM	241,609	239,191
DATADOG INC REG SHS CL A	111,934	126,601
DEERE CO	12,791	38,557
DEERE CO	217,410	243,628
DELTA AIR LINES INC	100,305	133,161
DISNEY (WALT) CO COM STK	205,909	196,310
DISNEY (WALT) CO COM STK	162,685	175,822
DOUBLELINE CORE FIXED	4,128,055	3,536,813
DOUBLELINE TOTAL RETURN	4,794,133	3,971,685
DYNATRACE INC REG SHS	190,254	194,790
EAGLE MATERIALS INC	118,538	111,536
EATON CORP PLC FGN	76,330	135,735
ECOLAB INC	116,963	130,282
ELANCO ANIMAL HEALTH INC	225,092	182,510
ELEVANCE HEALTH INC COM	104,067	92,963
ELI LILLY & CO	169,354	300,308
EOG RESOURCES INC	183,617	188,283
EPAM SYSTEMS INC SHS	144,277	168,584
EQUIFAX INC	127,948	130,483
EQUITABLE HLDGS INC	158,389	154,576
EXPEDITORS INTL WASH INC	52,321	78,314
FACTSET RESH SYS INC	50,602	91,733
FACTSET RESH SYS INC	59,909	67,719
FIRST AMERICAN FINL CORP	246,820	264,496
FIRSTENERGY CORP	105,317	118,624
FISERV INC	155,605	208,707
FOOT LOCKER INC COM	136,796	127,818
FORTIVE CORP	97,491	98,175
FORTUNE BRANDS INNOVATIONS INC	123,251	110,626
FREEPRT-MCMRAN CPR & GLD	137,602	130,767
GALLAGHER ARTHUR J & CO	226,858	262,845
GE HEALTHCARE	81,418	79,822
GENERAL ELECTRIC	138,062	128,595
GENERAL MOTORS CO	195,588	253,352
GENUINE PARTS CO	86,061	70,757
GLOBAL PMTS INC GEORGIA	283,114	304,915
GLOBAL PMTS INC GEORGIA	158,551	157,108
HOME DEPOT INC	243,314	231,449
ILLINOIS TOOL WORKS	74,471	80,632
ILLUMINA INC COM	131,943	73,363
INTERCONTINENTALEXCHANGE	161,671	219,939
INTERCONTINENTALEXCHANGE	400,537	376,399
INTERCONTINENTALEXCHANGE	193,382	210,253
INTUIT COM	249,319	296,024
INTUIT COM	273,765	368,301
INTUITIVE SURGICAL INC NEW	37,362	111,177
INTUITIVE SURGICAL INC NEW	132,281	252,629
INTUITIVE SURGICAL INC NEW	127,464	138,319
IQVIA HLDGS INC	223,389	184,523
ISHARES CORE U.S.	2,651,898	2,215,946
ISHARES EDGE MSCI	1,457,604	2,394,955
ISHARES EDGE MSCI MIN	764,849	1,021,718
ISHARES EDGE MSCI MIN VOL USA ETF	1,740,043	2,423,356
ISHARES EDGE MSCI USA VALUE FACTOR ETF	1,220,274	1,566,416
ISHARES MSCI EAFE	1,695,637	1,980,363
ISHARES RS 2000 GROWTH	4,356,334	4,703,197
ISHARES RS 2000 VALUE	2,473,119	2,502,587
ISHARES RUSSELL 1000	8,204,310	9,852,736
ISHARES RUSSELL 1000	3,132,320	6,549,064
JABIL CIRCUIT INC	351,462	380,616
JPMORGAN CHASE & CO	97,546	157,250
JPMORGAN CHASE & CO	232,443	228,204
KENVUE INC	143,925	150,795
KEURIG DR PEPPER INC COM	126,100	122,763
KKR & CO INC CL A	260,703	396,103
KLA TENCOR CORP PV$0.001	173,252	160,681
KROGER CO COM	159,556	200,939
LIBERTY BROADBAND CORP	48,134	51,510
LIBERTY MEDIA CORP REG	286,992	374,810
LOWE-S COMPANIES INC	127,496	143,884
MADDEN STEVEN LTD	86,443	107,873
MAGNA INTL INC CL A VTG	97,552	76,434
MARATHON PETROLEUM CORP	111,002	104,486
MARTIN MARIETTA MATLS	95,476	120,345
MARTIN MARIETTA MATLS	342,974	332,110
MARVELL TECHNOLOGY GROUP	245,785	394,859
MARVELL TECHNOLOGY GROUP	189,061	374,315
MASCO CORP	96,282	93,252
MASIMO CORP	157,545	213,237
MASTERCARD INC	319,237	449,691
MATADOR RES CO	175,451	174,125
MERCK AND CO INC SHS	156,880	145,340
META PLATFORMS INC	143,229	581,997
METLIFE INC COM	93,125	122,574
MICROCHIP TECHNOLOGY INC	142,877	127,948
MICROCHIP TECHNOLOGY INC	112,182	74,154
MICROSOFT CORP	89,084	330,878
MICROSOFT CORP	440,538	672,293
MICROSOFT CORP	420,282	574,926
MONOLITHIC PWR SYSTEMS	160,538	187,569
MONSTER BEVERAGE SHS	110,846	178,599
MORGAN STANLEY	99,549	148,978
MOTOROLA SOLUTIONS INC	163,574	279,649
MSCI INC	143,265	162,603
NASDAQ OMX GRP INC	127,115	156,166
NETFLIX COM INC	124,736	459,030
NIKE INC CL B	64,629	64,849
NISOURCE INC	158,233	279,633
NOVARTIS ADR	63,399	72,399
NOVO NORDISK A S ADR	57,830	123,267
NVIDIA CORP	23,326	737,118
NVIDIA CORP	45,970	225,070
NVIDIA CORP	131,744	695,756
ORACLE CORP $0.01 DEL	115,392	366,108
ORACLE CORP $0.01 DEL	303,840	340,779
O-REILLY AUTOMOTIVE INC	152,809	209,887
PAYPAL HLDGS INC COM	84,820	69,902
PEPSICO INC	177,477	153,124
PG&E CORP	132,987	161,097
PHILIP MORRIS INTL INC	95,201	121,554
PHILLIPS 66 SHS	217,188	179,440
PROGRESSIVE CORP OHIO	112,280	195,282
PROGRESSIVE CORP OHIO	257,775	299,752
PTC INC SHS	83,408	180,009
QUALCOMM INC	76,575	94,784
QUALCOMM INC	49,353	106,920
QUALCOMM INC	155,928	195,712
RANDGOLD RES LTD ADR	91,713	91,373
RANGE RESOURCES CORP DEL	78,813	84,409
RAYTHEON TECHNOLOGIES	99,620	134,351
REGAL REXNORD CORP	134,981	197,636
REGENERON PHARMACTCLS	69,032	126,795
REINSURANCE GROUP AMER INC COM NEW	113,859	114,719
REINSURANCE GROUP AMER INC COM NEW	69,299	81,607
ROCHE HLDG LTD SPN ADR FGN	66,537	56,889
ROCKWELL AUTOMATION INC	74,532	74,305
ROSS STORES INC COM	138,372	184,096
SALESFORCE COM INC	114,809	243,392
SALESFORCE COM INC	168,513	283,846
SBA COMMUNICATIONS CPRP CL A	440,636	422,274
SCHLUMBERGER LTD FGN	209,956	151,826
SCHWAB CHARLES CORP NEW	196,504	234,760
SEI INVT CO PA PV $0.01	58,917	90,151
SERVICENOW INC	200,170	376,343
SHOPIFY INC CL A	92,924	187,460
SKYLINE CORP	126,743	120,785
SOUTHWEST AIRLNS CO	101,285	106,172
SQUARE INC SHS CL A	93,311	76,746
STARBUCKS CORP	102,516	110,321
STATE STREET CORP	137,179	175,100
SUN COMMNTYS INC	186,002	191,833
TE CONNECTIVITY LTD	94,603	91,072
TECHNIPFMC PLC REG SHS	78,385	124,355
TELEDYNE TECH INC	144,346	226,031
TENABLE HOLDINGS INC REG	82,833	75,531
TERADATA CORP DEL	96,900	68,779
TERRENO REALTY CORP SHS	188,406	187,592
TESLA MTRS INC	281,887	710,355
THERMO FISHER SCIENTIFIC	95,676	90,520
THERMO FISHER SCIENTIFIC	221,713	213,294
THERMO FISHER SCIENTIFIC	155,422	153,468
TJX COS INC NEW	140,948	210,693
TRADE (THE) DESK INC SHS	61,994	56,297
TRUIST FINL CORP	218,354	253,166
UBER TECHNOLOGIES INC	276,875	264,805
UBER TECHNOLOGIES INC	153,037	192,240
VERALTO CORP	91,106	106,841
VERALTO CORP	130,191	160,210
VERISK ANALYTICS INC	127,332	166,084
VERIZON COMMUNICATNS COM	165,362	197,311
VERTEX PHARMACEUTCLS INC	98,866	178,396
VERTEX PHARMACEUTCLS INC	196,553	189,672
VISA INC CL A SHRS	180,708	371,663
VISA INC CL A SHRS	154,628	206,690
VISA INC CL A SHRS	249,421	353,017
VONTIER CORP	186,886	267,799
WALKER & DUNLOP INC	168,903	170,604
WARNER BROS DISCOVERY	100,641	115,118
WELLS FARGO & CO NEW DEL	78,700	130,365
WELLS FARGO & CO NEW DEL	169,392	238,465
WELLTOWER INC	340,359	331,207
WEST PHARMACTL SVCS INC	241,438	221,431
WILLIAMS CO INC	79,687	124,368
WILLIS TOWERS WATSON PLC LTD CO	148,462	171,656
WILLSCOT HLDGS	82,976	68,071
WOODWARD INC	129,074	171,413
WORKDAY INC CL A	31,791	59,605
WORKDAY INC CL A	195,378	189,652
XYLEM INC SHS	195,294	193,521
YUM BRANDS INC	45,903	65,873
YUM CHINA HOLDINGS INC	25,076	29,143
ZOOMINFO TECHNOLOGIES	82,895	81,221

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ACADIAN ALL COUNTRY WORLD EX US FUND	AT COST	2,965,781	3,382,786
BDT CAPITAL PARTNERS FUND I-A, L.P.	AT COST	382,796	1,413,967
BDT CAPITAL PARTNERS FUND II, L.P. (TE)	AT COST	3,848,675	5,853,793
BDT CAPITAL PARTNERS FUND II-A SPIRITS, L.P.	AT COST	96,097	154,448
BDT CAPITAL PARTNERS FUND IV, L.P.	AT COST	1,788,279	2,109,046
FALFURRIAS CAPITAL PARTNERS II, L.P.	AT COST	422,487	182,159
FALFURRIAS CAPITAL PARTNERS III, L.P.	AT COST	298,932	3,669,224
FALFURRIAS CAPITAL PARTNERS IV, L.P.	AT COST	1,702,842	4,841,053
FALFURRIAS CAPITAL PARTNERS V, L.P.	AT COST	1,644,864	2,132,001
FALFURRIAS GROWTH PARTNERS I, L.P.	AT COST	780,600	935,280
GOLUB CAPITAL PARTNERS ROLLOVER FUND 2, L.P.	AT COST	3,500,000	3,600,031
TCW DIRECT LENDING LLC	AT COST	364,211	285,831
TTV FUND IV, L.P.	AT COST	1,388,666	4,443,833
TTV FUND V, L.P.	AT COST	1,484,444	2,360,308
TTV FUND VI, L.P.	AT COST	618,463	685,941
TTV GL OPPORTUNITY INVESTMENT FUND II, L.P.	AT COST	331,965	331,043
TTV GL OPPORTUNITY INVESTMENT FUND, L.P.	AT COST	996,799	1,593,904
TTV SA OPPORTUNITY INVESTMENT FUND II, LP	AT COST	1,194,021	1,191,363
TTV SC OPPORTUNITY FUND, LP	AT COST	993,617	987,214

- TIN:

TY 2024 OtherAssetsSchedule

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INTEREST RECEIVABLE	31,286	31,713	31,713
DIVIDEND RECEIVABLE	111,081	100,031	100,031

- TIN:

TY 2024 OtherExpensesSchedule

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK FEES	1,390	1,390		0

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	15,082	15,082	15,082
PARTNERSHIPS INCOME	14,734	14,734	14,734
PARTNERSHIP INCOME - UBI	-4,006		-4,006
PARTNERSHIP INCOME - NDE	-16		-16

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	733,057	733,057		0
CONSULTING FEES	28,115	8,846		30,100

- TIN:

TY 2024 TaxesSchedule

Name:

TRAILSEND FOUNDATION

EIN:

23-7256190

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID	1,340	1,340		0
FEDERAL INCOME TAXES	105,000	0		0