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
JOHN & EDITH SACCO 1996 CHAR FND

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 653067
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX752653067

A Employer identification number

04-7024281

B Telephone number (see instructions)

(888) 866-3275

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

$14,106,771J 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	(c) Adjusted net 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...	319,331		316,720
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		299,748
b	Gross sales price for all assets on line 6a 534,428
7	Capital gain net income (from Part IV, line 2)...			299,748
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	619,079		616,468
13	Compensation of officers, directors, trustees, etc.	108,579		81,434		27,145
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,250	750	0	500
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	34,233			34,233
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	16,398	3,277		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	327	112		215
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	160,787		85,573	0	62,093
25	Contributions, gifts, grants paid.......	461,653				461,653
26	Total expenses and disbursements. Add lines 24 and 25	622,440		85,573	0	523,746
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,361
b	Net investment income (if negative, enter -0-)			530,895
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	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.........	422,122	642,329	642,329
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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).......	5,970,233	List of Attached Documents: // Content 5,851,649	12,372,101
	c	Investments—corporate bonds (attach schedule).......	1,192,523	List of Attached Documents: // Content 1,091,059	1,092,341
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,584,878	7,585,037	14,106,771
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		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........	7,584,878	7,585,037
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	7,584,878	7,585,037
	30	Total liabilities and net assets/fund balances (see instructions).	7,584,878	7,585,037

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) ...............

7,584,878

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

-3,361

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

List of Attached Documents:

// Content

4,511

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

7,586,028

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

991

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

7,585,037

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	50000. PUB SVC ELEC & GAS 1ST MORTGAGE SER I		2018-12-11	2024-03-15
b	50000. BANK OF MONTREAL SER H		2023-12-04	2024-09-14
c	400. APPLE INC COM		2008-11-13	2024-11-15
d	780. CVS CAREMARK CORP COM		2008-11-13	2024-11-15
e	390. DOMINION ENERGY INC COM		2006-05-29	2024-11-15
	135. IDEXX LABS INC		2018-11-29	2024-11-15
	500. INTERCONTINENTAL EXCHANGE INC		2020-09-15	2024-11-15
	450. J P MORGAN CHASE & CO COM		2006-05-29	2024-11-15
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN 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	50,000	50,000
b	50,000	49,474	526
c	89,958	1,288	88,670
d	41,666	22,244	19,422
e	22,204	14,131	8,073
	55,804	27,120	28,684
	78,202	50,473	27,729
	109,967	19,424	90,543
			20,044
			20,044
			20,044
			20,044
			20,044
			20,044
			20,044
			20,044

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
b			526
c			88,670
d			19,422
e			8,073
			28,684
			27,729
			90,543

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	299,748
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	7,379
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	7,379
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	7,379
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	2,508
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,508
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	4,871
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax0	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

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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?.........

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

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 .

Yes

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

NONE

The books are in care of right arrow

BANK OF AMERICA NA Telephone no. right arrow

(888) 866-3275

Located at right arrow

PO BOX 653067DALLASTX ZIP+4 right arrow

752653067

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)

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

1a(4)

Yes

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

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

1a(5)

(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)

(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? .................

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

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-)
BANK OF AMERICA	TRUSTEE 1	84,753
PO BOX 653067 DALLAS,TX752653067	TRUSTEE 1	84,753
JOSEPH P SACCO	CO TRUSTEE 50	23,826
3250 W GULF DR SANIBEL,FL33957	CO TRUSTEE 50	23,826

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
NONE

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...................

13,285,483

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

530,228

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

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

13,815,711

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.........................

13,815,711

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

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

207,236

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

13,608,475

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

680,424

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..................

680,424

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

7,379

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

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

7,379

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

673,045

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

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

673,045

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

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

673,045

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 ..........

523,746

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. .......

523,746

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					673,045
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				421,800
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......	0
b From 2020......	0
c From 2021......	0
d From 2022......	0
e From 2023......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 523,746
a Applied to 2023, but not more than line 2a				421,800
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.....					101,946
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 ..........					571,099
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2020....	0
b Excess from 2021....	0
c Excess from 2022....	0
d Excess from 2023....	0
e Excess from 2024....	0

Form 990-PF (2024)

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
PLEASE SEE ATTACHED LIST C/O BANK OF AMERICA I FINL PLZ PROVIDENCE,RI02903	N/A	PC	UNRESTRICTED GENERAL	461,653
Total ................................. 3a				461,653

bApproved for future payment

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

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	319,331
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	299,748
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) ..				619,079

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

619,079

(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:

JOHN & EDITH SACCO 1996 CHAR FND

EIN:

04-7024281

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE - BOA	1,250	750		500

- TIN:

TY 2024 GeneralExplanationAttachment

Name:

JOHN & EDITH SACCO 1996 CHAR FND

EIN:

04-7024281

Identifier	Return Reference	Explanation
FEDERAL FOOTNOTE	PART VIII LIST OF OFFICERS AND DIRECTORS	THE COMPENSATION SHOWN ON THE RETURN THAT IS PAID TO BANK OF AMERICA, N.A. AS CORPORATE TRUSTEE IS NOT CALCULATED BASED UPON AN HOURLY RATE FOR THE TIME SPENT BY THE TRUSTEE; RATHER, BANK OF AMERICA'S COMPENSATION AS CORPORATE TRUSTEE IS CALCULATED USING A MARKET VALUE FEE SCHEDULE. THE TRUST OFFICER'S TIME SPENT PERFORMING ADMINISTRATIVE RESPONSIBILITIES FOR THIS FOUNDATION AVERAGES ONE HOUR PER WEEK. IN ADDITION, TIME IS SPENT BY OTHER STAFF MEMBERS FOR RECORDKEEPING, INVESTMENT MANAGEMENT, INCOME COLLECTION, RENDERING STATEMENTS AND ACCOUNTINGS, REGULATORY REPORTING, REGULATORY COMPLIANCE, AND TAX SERVICES.

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

JOHN & EDITH SACCO 1996 CHAR FND

EIN:

04-7024281

Name of Bond	End of Year Book Value	End of Year Fair Market Value
097023AY1 BOEING CO SR UNSECD
14911RAJ8 CATERPILLAR FINL SVC
20825CAR5 CONOCOPHILLIPS GTD N
209111EA7 CONSOLIDATED EDISON
36962G3U6 GENERAL ELEC CAP COR
589331AH0 MERCK & CO INC SR NT
717081AR4 PFIZER INC NT
742718DM8 PROCTER & GAMBLE CO
78387GAP8 SBC COMMUNICATIONS I
87612EAM8 TARGET CORP NT
92344GAV8 VERIZON GLOBAL FDG C
931142BY8 WAL-MART STORES INC
0258M0DK2 AMERICAN EXPRESS CR
144141DC9 PROGRESS ENERGY CARO
172967JE2 CITIGROUP INC UNSECD
48127HAA7 JPMORGAN CHASE & CO
883556AZ5 THERMO FISHER SCIENT
92343VCN2 VERIZON COMMUNICATIO
002824AW0 ABBOTT LABS SR UNSEC
02665WAC5 AMERICAN HONDA FIN C
87938WAN3 TELEFONICA EMISIONES
035242AL0 ANHEUSER-BUSCH INBEV
166764AY6 CHEVRON CORP NEW SR
30231GAJ1 EXXON MOBIL CORPORAT
58933YAS4 MERCK & CO INC NEW S
594918BH6 MICROSOFT CORP GLB
828807CX3 SIMON PPTY GROUP LP
20030NCS8 COMCAST CORP COMPANY	50,043	49,740
458140AS9 INTEL CORP GLB	50,011	49,664
74456QBD7 PUB SVC ELEC & GAS 1
89236TFN0 TOYOTA MOTOR CREDIT
744448CW9 PUBLIC SERVICE COLOR	50,228	46,879
010392GB8 ALABAMA POWER CO GLB	52,252	51,814
02665WER8 AMERICAN HONDA FINAN	52,075	52,084
037833EJ5 APPLE INC GLB	41,089	41,648
06418JAC5 USD BANK NOVA SCOTIA	49,907	50,923
110122DZ8 BRISTOL-MYERS SQUIBB	52,969	52,462
14913UAB6 CATERPILLAR FINL SER	50,050	50,139
24422EXB0 JOHN DEERE CAPITAL C	50,218	50,482
30303M8G0 META PLATFORMS INC G	48,148	48,879
437076CV2 HOME DEPOT INC GLB	50,111	50,416
637432NZ4 NATIONAL RURAL UTIL	46,294	46,652
69371RS72 PACCAR FINANCIAL COR	50,457	50,684
74460WAF4 PUBLIC STORAGE COMPA	50,649	50,601
883556DB5 THERMO FISHER SCIENT	50,289	50,159
89236TKL8 TOYOTA MOTOR CREDIT	50,847	51,173
907818FU7 UNION PACIFIC CORP G	42,440	43,165
61747YEV3 MORGAN STANLEY GLB	51,576	51,839
808513CJ2 CHARLES SCHWAB CORP	50,829	52,119
055451BD9 BHP BILLITON FIN USA	50,829	50,799
06368LAP1 BANK OF MONTREAL SER
716973AA0 PFIZER INVESTMENT EN	49,748	50,020

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

JOHN & EDITH SACCO 1996 CHAR FND

EIN:

04-7024281

Name of Stock	End of Year Book Value	End of Year Fair Market Value
464287234 ISHARES MSCI EMERGIN	274,373	328,120
464287465 ISHARES MSCI EAFE	80,382	91,639
464287564 ISHARES COHEN & STEE
464287655 ISHARES TR RUSSELL 2	160,923	552,400
464288687 ISHARES S&P U S PFD
78467Y107 SPDR S&P MIDCAP 400	136,803	637,930
037411105 APACHE CORP COM
166764100 CHEVRON CORP	76,246	168,014
25179M103 DEVON ENERGY CORP NE
30231G102 EXXON MOBIL CORP	54,856	79,602
806857108 SCHLUMBERGER LTD COM
278865100 ECOLAB INC	28,785	149,965
695156109 PACKAGING CORP AMERI	4,954	67,539
74005P104 PRAXAIR INC COM
291011104 EMERSON ELEC CO COM
34354P105 FLOWSERVE CORP COM
88579Y101 3M COMPANY
913017109 UNITED TECHNOLOGIES
023135106 AMAZON COM INC COM	25,519	614,292
254687106 DISNEY (WALT) CO COM	38,965	114,134
580135101 MCDONALDS CORP	22,694	127,552
87612E106 TARGET CORP C	39,159	100,033
918204108 V F CORPORATION
126650100 CVS HEALTH CORP
423074103 HEINZ H J CO COM
494368103 KIMBERLY CLARK	43,732	99,590
713448108 PEPSICO INC	53,297	133,813
742718109 PROCTER & GAMBLE CO	41,804	127,414
110122108 BRISTOL-MYERS SQUIBB	58,539	104,636
478160104 JOHNSON AND JOHNSON	47,935	107,019
58155Q103 MCKESSON CORP COM
585055106 MEDTRONIC INC COM
628530107 MYLAN INC COM
98956P102 ZIMMER BIOMET HOLDI	22,975	40,668
09247X101 BLACKROCK INC
254709108 DISCOVER FINL SVCS C
354613101 FRANKLIN RES INC COM
46625H100 JPMORGAN CHASE & CO	108,344	601,672
744320102 PRUDENTIAL FINANCIAL
857477103 STATE STR CORP COM
037833100 APPLE INC	10,950	851,428
268648102 EMC CORP COM
38259P508 GOOGLE INC CL A COM
459200101 INTL BUSINESS MACHIN	29,474	85,734
882508104 TEXAS INSTRUMENTS	8,384	93,755
00206R102 AT&T INC	29,502	33,700
92343V104 VERIZON COMMUNICATNS	28,280	40,190
25746U109 DOMINION ENERGY INC
65339F101 NEXTERA ENERGY INC S	20,725	131,910
19765P232 COLUMBIA MID CAP GRO
722005667 PIMCO COMMODITY REAL
19763T889 COLUMBIA INCOME OPPO
19765Y886 COLUMBIA BOND FUND C
197199763 COLUMBIA ACORN INTL
1261292H7 INTERNATIONAL EQUITY
207543877 SMALL CAP GROWTH LEA	259,010	298,091
277923751 PARAMETRIC EMERGING
466001864 IVY ASSET STRATEGY F
091936732 BLACKROCK GLOBAL LON
277911491 EATON VANCE FLOATING
4812A4351 JPMORGAN STRATEGIC I
880208400 TEMPLETON GLOBAL BD
72200Q182 PIMCO ALL ASSET ALL
04314H204 ARTISAN INTERNATIONA
501885107 LKCM SMALL CAP EQUIT
73935S105 POWERSHARES DB COMMO
40650V100 HALYARD HEALTH INC C
38259P706 GOOGLE INC COM CL C
747525103 QUALCOMM INC COM
983919101 XILINX INC
G5960L103 MEDTRONIC PLC SHS	55,995	59,111
N59465109 MYLAN INC ORD COM
02079K107 ALPHABET INC SHS	13,527	207,580
02079K305 ALPHABET INC SHS	12,484	189,300
30303M102 META PLATFORMS INC C	30,330	52,696
00203H859 AQR MANAGED FUTURES	161,620	127,194
904504842 UNDISCOVERED MANAGER
94987W737 ALLSPRING ABSOLUTE R
00758M139 CAMBIAR INTL EQUITY
72201F490 PIMCO INCOME FUND IN
78463V107 SPDR GOLD TRUST	98,309	193,704
755111507 RAYTHEON CO COM NEW
G0177J108 ALLERGAN PLC COM
151020104 CELGENE CORP COM
532457108 ELI LILLY & CO	23,536	270,200
24703L103 DELL TECHNOLOGIES IN
697435105 PALO ALTO NETWORKS I	24,140	200,156
22544R305 CREDIT SUISSE COMMOD	49,938	36,870
19765Y357 COLUMBIA MID CAP GRO	50,751	84,068
19763T806 COLUMBIA INCOME OPPS
464288273 ISHARES MSCI EAFE SM
46138B103 INVESCO DB COMMODITY
438516106 HONEYWELL INTL INC D	99,850	146,829
666807102 NORTHROP GRUMMAN COR	52,643	93,858
366505105 GARRETT MOTION INC C
45168D104 IDEXX LAB INC DEL $0
92532F100 VERTEX PHARMCTLS INC	41,629	100,675
76118Y104 RESIDEO TECHNOLOGIES
00203H446 AQR LONG-SHORT EQUIT
09260C604 BLACKROCK GLOBAL LON
17275R102 CISCO SYSTEMS INC	56,030	74,000
594918104 MICROSOFT CORP	243,112	358,275
70450Y103 PAYPAL HOLDINGS INC	53,102	42,675
46432F842 ISHARES TR CORE MSCI	871,653	926,290
78464A870 SPDR S P BIOTECH	34,052	27,018
502431109 L3HARRIS TECHNOLOGIE	44,815	52,570
68902V107 OTIS WORLDWIDE CORP
75513E101 RTX CORP CORP	76,090	189,781
437076102 HOME DEPOT INC	57,207	77,798
22160K105 COSTCO WHOLESALE CRP	51,639	137,441
00287Y109 ABBVIE INC SHS	18,192	38,383
87918A105 TELADOC HEALTH INC
172967424 CITIGROUP INC COM NE	46,332	70,390
45866F104 INTERCONTINENTAL EXC
G5876H105 MARVELL TECHNOLOGY G
099502106 BOOZ ALLEN HAMILTON	41,834	64,350
679295105 OKTA INC REG SHS	28,945	11,820
82509L107 SHOPIFY INC CL A
92826C839 VISA INC CL A SHRS	51,375	79,010
904504479 JP MORGAN UNDISC MGR	130,000	199,301
09260B382 BLACKROCK STRATEGIC
48121L114 JP MORGAN STRATEGIC	174,464	169,623
74676P698 PUTNAM ULTRA SHORT D
00769G543 CAMBIAR INTERNATIONA
04314H402 ARTISAN INTERNATIONA	175,000	158,844
880208772 TEMPLETON GLOBAL BON
50155Q100 KYNDRYL HOLDINGS INC
573874104 MARVELL TECH INC	79,397	194,392
20825C104 CONOCOPHILLIPS	93,381	74,378
931142103 WALMART INC	76,193	135,525
58933Y105 MERCK AND CO INC SHS	54,072	49,740
007903107 ADVNCD MICRO D INC	35,533	161,255
09260B374 BLACKROCK STRATEGIC	149,403	140,506
74676P672 PUTNAM ULTRA SHORT D
29444U700 EQUINIX INC	31,879	37,716
74340W103 PROLOGIS INC	33,558	31,710
G29183103 EATON CORP PLC	31,572	46,462
244199105 DEERE CO	32,428	38,133
74762E102 QUANTA SERVICES INC	31,817	55,309
94106L109 WASTE MANAGEMENT INC	29,690	35,313
654106103 NIKE INC CL B	38,139	26,485
101137107 BOSTON SCIENTIFIC CO	38,659	62,524
883556102 THERMO FISHER SCIENT	38,965	41,618
084670702 BERKSHIRE HATHAWAYIN	36,115	45,328
48251W104 KKR & CO INC C	34,671	73,955
617446448 MORGAN STANLEY	38,425	62,860
N07059210 ASML HLDG NV NY REG	33,703	34,654
11135F101 BROADCOM INC	37,577	92,736
22788C105 CROWDSTRIKE HLDGS IN	31,900	51,324
67066G104 NVIDIA	38,103	107,432
94988A692 ALLSPRING ABSOLUTE R	168,493	172,805
09290D101 BLACKROCK INC REG SH	62,772	379,291

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

JOHN & EDITH SACCO 1996 CHAR FND

EIN:

04-7024281

Description	Amount
INCOME ADJ	276
CARRYOVER ADJ	715

- TIN:

TY 2024 OtherExpensesSchedule

Name:

JOHN & EDITH SACCO 1996 CHAR FND

EIN:

04-7024281

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OTHER ALLOCABLE EXPENSE-PRINCI	56	56	0
OTHER ALLOCABLE EXPENSE-INCOME	56	56	0
STATE FILING FEE	215	0	215

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

JOHN & EDITH SACCO 1996 CHAR FND

EIN:

04-7024281

Description	Amount
CTF ADJUSTMENT	4,511

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

JOHN & EDITH SACCO 1996 CHAR FND

EIN:

04-7024281

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GRANTMAKING FEES - BOA	34,233			34,233

- TIN:

TY 2024 TaxesSchedule

Name:

JOHN & EDITH SACCO 1996 CHAR FND

EIN:

04-7024281

Category	Amount	Net Investment Income
FOREIGN TAXES	50	50
EXCISE TAX - PRIOR YEAR	10,613	0
EXCISE TAX ESTIMATES	2,508	0
FOREIGN TAXES ON QUALIFIED FOR	2,609	2,609
FOREIGN TAXES ON NONQUALIFIED	618	618