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
RIVER BRANCH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)830 A1A NORTH SUITE 13 BOX 132
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PONTE VEDRA, FL32082
A Employer identification number

22-6054887
B Telephone number (see instructions)

(904) 396-5831
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$22,660,740J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 550,359 550,359  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,199,624
b Gross sales price for all assets on line 6a 8,199,624
7 Capital gain net income (from Part IV, line 2)... 8,199,624
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
2,286 2,286  
12 Total. Add lines 1 through 11........ 8,752,269 8,752,269  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
26,550 19,913   6,637
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
147,450 147,450   0
17 Interest............... 509 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
131,123 3,620   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
1,360 792   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 306,992 171,775   6,637
25 Contributions, gifts, grants paid....... 11,565,000 12,315,000
26 Total expenses and disbursements. Add lines 24 and 25 11,871,992 171,775   12,321,637
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,119,723
b Net investment income (if negative, enter -0-) 8,580,494
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,783,331 2,063,927 2,063,927
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 17,057,313 Click to see attachment
List of Attached Documents:
// Content
14,721,376 		20,503,606
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).......... 96,598 Click to see attachment
List of Attached Documents:
// Content
99,016 		93,207
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,937,242 16,884,319 22,660,740
Liabilities 17 Accounts payable and accrued expenses.......... 8,751 75,555
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 8,751 75,555
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........ 19,928,491 16,808,764
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 19,928,491 16,808,764
30 Total liabilities and net assets/fund balances (see instructions). 19,937,242 16,884,319
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
19,928,491
2
Enter amount from Part I, line 27a .....................
2
-3,119,723
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
16,808,768
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
4
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
16,808,764
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 LONG TERM CAPITAL GAINS P    
b SHORT TERM CAPITAL GAINS P    
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 8,013,012     8,013,012
b 47,353     47,353
c 139,259     139,259
d
e
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       8,013,012
b       47,353
c       139,259
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 8,199,624
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) 1 119,269
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........................... 3 119,269
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- ..... 5 119,269
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 43,714
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 43,714
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 4,097
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 79,652
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 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 arrowFL, NJ
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 arrowRIVERBRANCHFOUNDATION.ORG
14
The books are in care ofright arrowROBERT T LOVERICH Telephone no.right arrow (904) 396-5831

Located atright arrow5011 GATE PARKWAY BLDG 100 SUITE300JACKSONVILLEFL ZIP+4right arrow32256
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
JENNIFER JOHNSON DUKE DIRECTOR
0.00 		0 0 0
830 A1A NORTH SUITE 13 BOX 132
PONTE VEDRA,FL32082
JUDITH LEROUX TRUSTEE
0.00 		0 0 0
830 A1A NORTH SUITE 13 BOX 132
PONTE VEDRA,FL32082
SIMON GREGG TRUSTEE
0.00 		0 0 0
830 A1A NORTH SUITE 13 BOX 132
PONTE VEDRA,FL32082
JASON GREGG TRUSTEE
0.00 		0 0 0
830 A1A NORTH SUITE 13 BOX 132
PONTE VEDRA,FL32082
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 N/A 0
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 N/A 0
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
25,938,042
b
Average of monthly cash balances.......................
1b
2,105,929
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
28,043,971
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
28,043,971
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
420,660
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,623,311
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,381,166
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
1,381,166
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
119,269
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
119,269
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,261,897
4
Recoveries of amounts treated as qualifying distributions................
4
750,000
5
Add lines 3 and 4............................
5
2,011,897
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
2,011,897
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
12,321,637
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
12,321,637
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 2,011,897
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021...... 651,001
d From 2022...... 612,559
e From 2023......  
f Total of lines 3a through e ........ 1,263,560
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 12,321,637
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 2,011,897
e Remaining amount distributed out of corpus 10,309,740
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 11,573,300
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		11,573,300
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021.... 651,001
c Excess from 2022.... 612,559
d Excess from 2023....  
e Excess from 2024.... 10,309,740
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 e-mail address of the person to whom applications should be addressed:
TRUSTEE THE RIVER BRANCH FOUNDATION
830 AIA NORTH SUITE 13 BOX 132
PONTE VEDRA,FL32062
(904) 396-5831
bThe form in which applications should be submitted and information and materials they should include:
WRITTEN REQUESTS ACCEPTED FROM RECOGNIZED NONPROFIT ORGANIZATIONS. NO PRESCRIBED APPLICATION FORMAT.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ALL GRANTS ARE MADE TO ORGANIZATIONS RECOGNIZED BY IRS AS CHARITABLE ORGANIZATIONS. MOST OF THESE ARE IN THE JACKSONVILLE AREA.
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

ALACHUA CONSERVATION TRUST

7204 SE COUNTY ROAD 234
GAINESVILLE,FL326411608 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 950,000

BOYSGIRLS CLUB OF NEWARK NJ

155 WASHINGTON STREET SUITE 202
NEWARK,NJ07102 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 250,000

CHATHAM CONSERVATION FOUNDATION

540 MAIN STREET
CHATHAM,MA02633 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 500,000

CENTER FOR REPRODUCTIVE RIGHTS

120 WALL ST
NEW YORK,NY10005 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 500,000

CONCORD ACADEMY

166 MAIN ST
CONCORD,MA01742 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 50,000

ECOFLIGHT

311K ASPEN AIRPORT BUSINESS CENTER
ASPEN,CO81611 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 100,000

EVERGLADES FOUNDATION

18001 OLD CUTLER ROAD
PALMETTO BAY,FL33157 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 1,000,000

FLORIDA OCEANOGRAPHIC SOCIETY

890 NE OCEAN BLVD
STUART,FL34996 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 250,000

GREENSCAPE

1468 HENDRICKS AVENUE
JACKSONVILLE,FL32207 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 525,000

JACKSONVILLE ARBORETUM AND GARDENS

1445 MILLCOE ROAD
JACKSONVILLE,FL32225 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 1,000,000

JACKSONVILLE ART MUSEUM

333 NORTH LAURA STREET
JACKSONVILLE,FL32202 		N/A PUBLIC CHARITY PROVIE FOR PROGRAM SERVICES 50,000

LIFECAMP INC

53 MAPLE AVENUE
MORRISTOWN,NJ07960 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 250,000

MANDARIN MUSEUM

PO BOX 23601
JACKSONVILLE,FL32241 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 50,000

MATANZAS RIVERKEEPER

201 OWENS AVENUE
ST AUGUSTINE,FL32080 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 100,000

NATIONAL TROPICAL BOTANICAL GARDEN

3530 PAPALINA ROAD
KALAHEDO,HI96741 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 100,000

NEW JERSEY AUDUBON

9 HARDSCABBLE ROAD
BERNARDSVILLE,NJ07924 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 100,000

NEW JERSEY CONSERVATION

170 LONGVIEW ROAD
FAR HILLS,NJ07931 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 250,000

PLANNED PARENTHOOD OF NE FLORIDA

2300 NORTH FLORIDA MANGO ROAD
WEST PALM BEACH,FL33409 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 100,000

RARITAN HEADWATERS

2121 LARGER CROSS RD
BEDMINSTER,NJ07934 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 500,000

SAVE GUANA NOW

1169 NECK ROAD
PONTE VEDRA BEACH,FL32082 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 100,000

ST FRANCIS HOUSE

70 WASHINGTON STREET
ST AUGUSTINE,FL32084 		N/A PUBLIC CHARITY PUBLIC CHARITY 20,000

ST JOHN'S RIVERKEEPER

2800 UNIVERSITY BLVD NORTH
JACKSONVILLE,FL32211 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 100,000

TEWKSBURY LAND TRUST

1660 L STREET NW SUITE 1100
WASHINGTON,DC20036 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 50,000

THE WILLOW SCHOOL

1150 POTTERSVILLE ROAD
GLADSTONE,NJ07934 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 50,000

UNIVERSITY OF COLORADO FOUNDATION

1800 N GRANT ST SUITE 725
DENVER,CO802031114 		N/A PUBLIC CHARITY PROVIDE PROGRAM SUPPORT FOR THE GIRLS ON ROCK PROGRAM 20,000

VERMONT STUDIO CENTER

PO BOX 613
JOHNSON,VT05656 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 5,100,000

WJCT INC

100 FESTIVAL PARK AVE
JACKSONVILLE,FL32202 		N/A PUBLIC CHARITY PROVIDE FOR PROGRAM SERVICES 250,000
Total .................................right arrow 3a 12,315,000
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 ....     14 550,359  
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 2,286  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 8,199,624  
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 8,752,269 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
8,752,269
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
RIVER BRANCH FOUNDATION
EIN:
22-6054887
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 26,550 19,913   6,637

TY 2024 InvestmentsCorpStockSchedule
Name:
RIVER BRANCH FOUNDATION
EIN:
22-6054887
Name of Stock End of Year Book Value End of Year Fair Market Value
A A R CORP - 330 SHS 13,969 20,222
ADAPT HEALTH CORP - 5,701 SHS 59,534 54,274
ADVANCE AUTO PTS INC - 901 SHS 39,963 42,608
AIR PRODUCTS & CHEMICALS, INC. - 140 SHS 10,407 40,606
ALAMOS GOLD INC - 1,879 SHS 14,502 34,649
ALLEGION PUB LTD CO - 604 SHS 79,132 78,931
ALLETE INC - 460 SHS 30,903 29,808
ALPHABET INC CL A - 935 SHS 92,960 176,996
ALPHABET INC CL C - 713 SHS 8,683 134,971
AMAZON.COM, INC. - 641 SHS 5,491 140,629
AMERIS BANCORP - 521 SHS 26,897 32,599
AMG PANTHEON FUND CLASS - 33,168 SHS 705,512 849,777
ANALOG DEVICES, INC. - 755 SHS 18,182 32,719
ANGIODYNAMICS INC - 1,991 SHS 22,543 18,238
APOGEE ENTERPRISES - 725 SHS 34,699 51,772
APPLE, INC. - 406 SHS 5,062 101,671
ARAMARK - 4,612 SHS 149,018 172,074
ARCBEST CORP - 301 SHS 29,975 28,089
ARISTA NETWORKS INC. - 1,028 SHS 13,796 113,625
ASTEC INDUSTRIES INC - 452 SHS 24,059 15,187
AVERY DENNISON CORP - 891 SHS 159,051 166,733
AZZ INC - 742 SHS 40,866 60,785
BECTON DICKINSON & CO. - 163 SHS 12,391 36,980
BELDEN INC - 479 SHS 31,203 53,940
BERKSHIRE HATHAWAY CL B - 7,027 SHS 406,277 3,185,199
BIOCRYST PHARMACEUTICALS - 2,161 SHS 24,704 16,251
BLACKROCK INC - 92 SHS 54,721 94,310
BOOKING HOLDINGS INC. - 45 SHS 63,655 223,579
CADENCE BK - 1,267 SHS 31,523 43,648
CAPRI HOLDINGS LTD - 1,423 SHS 29,075 29,968
CANADIAN PACIFIC RAILWAY F - 599 SHS 43,296 43,350
CARRIER GLOBAL CORP - 2,140 SHS 95,478 146,076
CARLISLE CO. - 199 SHS 43,884 73,399
CARMAX INC - 1,818 SHS 119,174 148,640
CDW CORP - 496 SHS 89,960 86,324
CHARTER COMMUNICATIONS - 75 SHS 29,762 25,708
CHIPOTLE MEXICAN GRL - 753 SHS 7,055 45,406
CHARLES SCHWAB CORP - 3,527 SHS 148,648 261,033
CLEARFIELD INC - 350 SHS 10,156 10,850
COLUMBIA BANKING SYS - 1,791 SHS 47,895 48,375
COLUMBUS MCKINNON CO - 611 SHS 26,066 22,754
COMMUNITY BANK SYS - 617 SHS 36,448 38,057
COSTCO WHSL. CORP. - 53 SHS 3,160 48,562
COTY INC - 1,995 SHS 20,289 13,885
CRESCENT ENERGY - 3,895 SHS 46,093 56,906
CSX CORP - 3,689 SHS 122,004 119,044
DEERE & CO - 43 SHS 16,305 18,219
DELTA AIR LINES INC - 695 SHS 20,890 42,048
DOLLAR GENERAL CORP - 279 SHS 19,055 21,154
DOLLAR TREE INC. - 1,264 SHS 74,553 70,593
ELEMENT SOLUTIONS INC - 1,350 SHS 33,051 34,331
ENERPAC TOOL GROUP CORP - 284 SHS 7,030 11,670
ENERSYS - 425 SHS 33,772 39,283
FEDEX CORP. - 185 SHS 15,193 52,046
FOOT LOCKER INC - 1,000 SHS 22,264 21,760
FERGUSON PLC NEW - 1,008 SHS 117,934 174,959
FRESENIUS MEDICAL CARE F - 5,619 SHS 122,299 95,405
GALAPAGOS NV F - 935 SHS 35,059 25,713
GENTHERM INC - 606 SHS 29,668 24,195
GERON CORP - 4,964 SHS 32,012 31,800
GLACIER BANCORP INC NEW - 778 SHS 38,834 39,071
GOODYEAR TIRE RUBBER - 4,607 SHS 59,444 41,463
HAIN CELESTIAL GROUP - 2,206 SHS 84,929 13,567
HANCOCK WHITNEY CORP - 620 SHS 31,135 33,925
HELMERICH & PAYNE - 928 SHS 28,382 29,715
HUB GROUP INC - 307 SHS 13,529 13,680
ICHOR HOLDINGS LTD 570 SHS 21,162 18,365
I C U MEDICAL INC - 380 SHS 64,772 58,965
IDIRECT PRIVATE MARKET - 23,301 SHS 747,340 879,390
INGEVITY CORP - 1,389 SHS 58,065 56,602
INFINEON TECH AG F - 1,208 SHS 37,315 39,175
INNOVEX INTL INC - 596 SHS 13,519 8,326
INTUITIVE SURGICAL - 106 SHS 23,345 55,328
JOHNSON & JOHNSON - 253 SHS 15,892 36,589
JPMORGAN CHASE & CO - 352 SHS 19,539 84,378
KONINKLIJKE PHILIPS - 4,034 SHS 112,664 102,141
LAKELAND FINL - 140 SHS 11,647 9,626
LITTLEFUSE INC - 162 SHS 39,624 38,175
MADDEN STEVEN LTD - 427 SHS 14,153 18,156
MASTERCARD CL A - 153 SHS 14,661 80,565
MASCO CORP - 2,182 SHS 85,177 158,348
META PLATFORMS INC. - 218 SHS 6,998 127,641
MATADOR RESOURCES CO - 317 SHS 17,042 17,834
MERCURY SYSTEMS INC - 1,638 SHS 67,932 68,796
MICROCHIP TECHNOLOGY INC - 1,415 SHS 87,092 81,150
MICRON TECHNOLOGY - 942 SHS 44,030 79,279
MICROSOFT CORP - 287 SHS 7,968 120,971
MOODYS CORP - 67 SHS 16,306 31,716
MP MATLS CORP - 1,932 SHS 35,325 30,139
MURPHY OIL CORP HLDG - 1,389 SHS 51,746 42,031
NEOGENOMICS INC - 2,522 SHS 32,869 41,562
NESTLE SA - 408 SHS 19,182 33,334
NETFLIX - 93 SHS 8,585 82,893
NEW JERSEY RESOURCE - 560 SHS 22,431 26,124
NLIGHT INC - 688 SHS 6,897 7,217
NIKE INC CL B - 459 SHS 17,718 34,733
NOVARTIS ADR - 230 SHS 9,940 22,381
NTNL BANK HLDGS - 1017 SHS 45,648 43,792
NVIDIA CORP - 280 SHS 31,970 37,601
O-I GLASS INC - 3,678 SHS 46,801 39,870
O REILLY AUTOMOTIVE INC - 83 SHS 79,121 98,421
O G E ENERGY CP HLDG - 745 SHS 27,812 30,731
PACIFIC PREMIER BANC - 763 SHS 31,833 19,014
PAPA JOHNS INTL INC - 807 SHS 48,737 33,143
PEDIATRIX MEDICAL GROUP - 849 SHS 12,700 11,139
PROGRESS SOFTWARE CO - 674 SHS 34,475 43,911
PROGRESSIVE CO OHIO - 589 SHS 44,772 141,130
PVH CORP - 249 SHS 15,611 26,332
QUANEX BUILDING PRODUCTS - 1,204 SHS 29,269 29,185
QUEST DIAGNOSTICS INC - 864 SHS 116,342 130,343
QUIDELORTHO CORP - 1,332 SHS 54,617 59,341
RADIUS RECYCLING INC - 1,002 18,164 15,250
RAMBUS INC DEL - 129 SHS 7,013 6,819
RANGE RESOURCE CORP - 826 SHS 16,603 29,719
R E V GROUP INC - 2,621 SHS 38,280 83,531
REGAL REXNORD CORP - 77 SHS 12,448 11,945
ROSS STORES INC. - 229 SHS 20,231 34,641
S&P GLOBAL INC - 57 SHS 3,747 28,388
SBA COMMUNICATIONS - 160 SHS 36,167 32,607
SCHLUMBERGER LTD - 1,113 SHS 16,924 42,672
STARBUCKS CORP - 385 SHS 32,893 35,131
SEACOAST BK CORP FLA - 1,337 SHS 45,589 36,808
SENSIENT TECHNOLOGIE - 475 SHS 31,733 33,849
SILGAN HOLDINGS INC - 948 SHS 41,310 49,343
SMITH & NEPHEW GROUP P F - 2,668 SHS 100,902 65,579
SONY CORP - 6,860 SHS 95,912 145,158
SOUTHSTATE CORP - 406 SHS 31,235 40,389
SUMMIT MATERIALS INC - 1,117 SHS 39,507 56,520
SYSCO CORPORATION - 2,542 SHS 120,105 130,670
TESLA INC - 121 SHS 20,516 48,865
TEXAS CAPITAL BANCSH - 571 SHS 35,900 44,652
TEXAS ENERGY INC - 705 SHS 32,206 34,665
TEXAS INSTRUMENTS, INC. - 213 SHS 5,099 39,940
THERMO FISHER SCIENIFIC - 109 SHS 19,074 56,704
TJX COMPANIES INC. - 481 SHS 23,042 58,110
T-MOBILE US INC. - 254 SHS 28,753 56,065
TRANSDIGM GROUP INC. - 35 SHS 10,859 44,355
UBER TECHNOLOGIES - 333 SHS 21,491 20,087
UNITED COMMUNITY BKS - 829 SHS 31,031 26,785
UNITEDHEALTH GROUP INC COM - 361 SHS 65,555 182,615
UNILEVER PLC - 2,388 SHS 119,882 135,400
VALARIS LTD F - 328 SHS 16,466 14,511
VALMONT INDS INC - 257 SHS 59,864 78,814
VIAVI SOLUTIONS INC - 2,259 SHS 23,085 22,816
VF CORP - 4,859 SHS 81,517 104,274
WABTEC - 326 SHS 31,167 61,806
WESBANCO INC - 1,065 SHS 37,644 34,655
WORKDAY INC - 226 SHS 25,546 58,315
YUM BRANDS INC - 218 SHS 11,308 29,247
FPA NEW INCOME - 253,410 SHS 2,472,521 2,475,812
OAKMARK INTERNATIONAL IN - 55,817 SHS 1,013,613 1,391,506
PIMCO FLEXIBLE CREDIT - 124,686 SHS 1,000,000 882,775
PIMCO INCOME FUND - 71,926 SHS 840,218 756,667
TWEEDY BROWNE GLOBAL VALUE - 63,619 SHS 1,672,153 1,625,459

TY 2024 InvestmentsOtherSchedule2
Name:
RIVER BRANCH FOUNDATION
EIN:
22-6054887
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
DIGITAL BRIDGE GROUP INC - 1,625 SHS AT COST 26,241 18,330
EMPIRE STATE REALTY TRUS - 1,272 SHS AT COST 13,207 13,127
STAG INDUSTRIAL INC - 676 SHS AT COST 21,044 22,862
TERRENO REALTY CORP - 347 SHS AT COST 19,442 20,521
CARETRUST REIT - 679 SHS AT COST 19,082 18,367

TY 2024 OtherDecreasesSchedule
Name:
RIVER BRANCH FOUNDATION
EIN:
22-6054887
Description Amount
COST BASIS ADJUSTMENT 4


TY 2024 OtherExpensesSchedule
Name:
RIVER BRANCH FOUNDATION
EIN:
22-6054887
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISCELLANEOUS 777 777   0
BANK FEES & SERVICE CHARGES 15 15   0
PENALTIES 568 0   0


TY 2024 OtherIncomeSchedule2
Name:
RIVER BRANCH FOUNDATION
EIN:
22-6054887
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 2,286 2,286 2,286


TY 2024 OtherProfessionalFeesSchedule
Name:
RIVER BRANCH FOUNDATION
EIN:
22-6054887
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 147,450 147,450   0
PROFESSIONAL FEES 0 0   0


TY 2024 TaxesSchedule
Name:
RIVER BRANCH FOUNDATION
EIN:
22-6054887
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,620 3,620   0
EXCISE TAXES 127,503 0   0