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 02-01-2024 , and ending 01-31-2025
Name of foundation
FALES FOUNDATION TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

91-6087669
B Telephone number (see instructions)

(206) 340-8044
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$6,235,673J 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... 179,641 176,178  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 232,150
b Gross sales price for all assets on line 6a 1,451,896
7 Capital gain net income (from Part IV, line 2)... 232,150
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)....... Click to see attachment
List of Attached Documents:
// Content
1,238    
12 Total. Add lines 1 through 11........ 413,029 408,328  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 68,649 61,784   6,865
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25 0 0 25
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,570 2,506   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,525     3,525
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 75,769 64,290 0 10,415
25 Contributions, gifts, grants paid....... 436,000 436,000
26 Total expenses and disbursements. Add lines 24 and 25 511,769 64,290 0 446,415
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -98,740
b Net investment income (if negative, enter -0-) 344,038
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 369,973 221,752 221,752
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 649,658 Click to see attachment
List of Attached Documents:
// Content
674,030 		1,338,705
c Investments—corporate bonds (attach schedule)....... 534,692 Click to see attachment
List of Attached Documents:
// Content
725,338 		747,205
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).......... 3,372,983 Click to see attachment
List of Attached Documents:
// Content
3,205,940 		3,928,011
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) 4,927,306 4,827,060 6,235,673
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 4,927,306 4,827,060
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)..... 4,927,306 4,827,060
30 Total liabilities and net assets/fund balances (see instructions). 4,927,306 4,827,060
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
4,927,306
2
Enter amount from Part I, line 27a .....................
2
-98,740
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
308
4
Add lines 1, 2, and 3 ..........................
4
4,828,874
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,814
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,827,060
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 8146.725 AHL MANAGED FUTURES STRATEGY R5     2024-03-18
b 225. BRISTOL MYERS SQUIBB CO     2024-03-18
c 40. CME GROUP INC   2022-05-02 2024-03-18
d 196.418 DODGE COX STOCK FUND I     2024-03-18
e 1572.328 HARTFORD SCHRODERS EMERGING MARKETS     2024-03-18
1000. ISHARES CURRENCY HEDGED MSCI ETF   2016-12-14 2024-03-18
20. LOCKHEED MARTIN CORPORATION   2023-01-24 2024-03-18
50. PROCTER & GAMBLE CO   2008-12-23 2024-03-18
50. STANLEY BLACK DECKER INC   2020-09-08 2024-03-18
3937.008 VANGUARD SHORT TERM INVT GRADE #539     2024-03-18
100. VANGUARD SMALL CAP INDEX FUND ETF   2018-05-24 2024-03-18
200. VERIZON COMMUNICATIONS   2022-05-02 2024-03-18
75. ZIMMER BIOMET HOLDINGS INC COM   2022-05-02 2024-03-18
200. AMERICAN INTERNATIONAL GROUP   2014-05-22 2024-05-22
6914.653 BLACKROCK STRATEGIC INCOME     2024-05-22
45. THE CIGNA GROUP   2022-02-08 2024-05-22
100. C M S ENERGY CORP   2020-03-30 2024-05-22
45. CHEVRONTEXACO CORP COM   2021-03-30 2024-05-22
200. CORTEVA INC COM     2024-05-22
75. ELECTRONIC ARTS INC COM     2024-05-22
80. HUNT J B TRANS SVCS INC   2016-12-14 2024-05-22
700. HUNTINGTON BANCSHARES INC   2022-02-08 2024-05-22
1400. ISHARES BROAD USD INVESTMENT ETF     2024-05-22
9411.765 P I M C O FDS TOTAL RETURN FD     2024-05-22
3363.388 VANGUARD SHORT TERM INVT GRADE #539     2024-05-22
7343.297 AQR STYLE PREMIA ALTERNATIVE R6     2024-08-29
50. APPLIED MATERIALS INC   2016-04-06 2024-08-29
2. BOOKING HOLDINGS INC   2022-02-08 2024-08-29
300. COMCAST CORP CLASS A   2017-06-14 2024-08-29
150. HARTFORD FINANCIAL SERVICES GRP INC   2018-01-29 2024-08-29
1569.434 HARTFORD SCHRODERS EMERGING MARKETS   2020-09-08 2024-08-29
1400. ISHARES BROAD USD INVESTMENT ETF     2024-08-29
220.022 MFS INTERNATIONAL GROWTH R6   2021-12-09 2024-08-29
175. MERCK AND CO INC     2024-08-29
100. MONDELEZ INTL INC CL A   2011-12-21 2024-08-29
75. OTIS WORLDWIDE CORP   2020-05-07 2024-08-29
150. PHILIP MORRIS INTL     2024-08-29
67.821 UNDISCOVERED MGRS BEHAVIORAL VALUE   2023-12-13 2024-08-29
529.703 UNDISCOVERED MGRS BEHAVIORAL VALUE     2024-08-29
7042.779 ALPHASIMPLEX MGD FUTS STRAT N     2024-08-29
20. LINDE PLC SHS   2018-10-31 2024-08-29
150. MEDTRONIC PLC   2015-01-27 2024-08-29
50. ALPHABET INC CL A   2009-02-25 2024-12-03
60. AMGEN INC COMMON STOCK   2020-03-30 2024-12-03
86. ANALOG DEVICES INC     2024-12-03
50. APPLIED MATERIALS INC   2016-04-06 2024-12-03
1. BOOKING HOLDINGS INC   2022-02-08 2024-12-03
69.447 DODGE COX STOCK FUND I     2024-12-03
50. FISERV INC   2022-02-08 2024-12-03
40. HONEYWELL INTL INC   2017-10-25 2024-12-03
69.427 MFS INTERNATIONAL GROWTH R6   2023-12-19 2024-12-03
3151.073 MFS INTERNATIONAL GROWTH R6     2024-12-03
1670.314 MFS INTERNATIONAL GROWTH R6     2024-12-03
15. MCDONALDS CORP COM   2008-12-23 2024-12-03
25. MICROSOFT CORP   2008-12-23 2024-12-03
221.2 PRICE T ROWE GROWTH STK FD INC     2024-12-03
75. RTX CORPORATION   2022-02-08 2024-12-03
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    
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    
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    
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    
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    
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    
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    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 85,215   94,807 -9,592
b 11,690   13,075 -1,385
c 8,753   8,673 80
d 50,240   41,000 9,240
e 25,094   28,822 -3,728
34,056   26,244 7,812
8,673   8,797 -124
8,068   3,043 5,025
4,394   7,920 -3,526
40,000   41,169 -1,169
22,048   15,456 6,592
7,956   9,253 -1,297
9,456   9,057 399
15,857   10,745 5,112
64,652   69,543 -4,891
15,119   10,197 4,922
6,202   5,645 557
7,130   4,773 2,357
11,373   11,930 -557
10,038   7,414 2,624
12,746   7,942 4,804
9,783   11,232 -1,449
70,278   79,533 -9,255
79,812   100,834 -21,022
34,206   33,314 892
59,848   68,907 -9,059
9,618   1,042 8,576
7,771   4,970 2,801
11,845   12,413 -568
17,361   8,745 8,616
26,931   26,178 753
72,724   77,983 -5,259
10,040   9,490 550
20,607   7,181 13,426
7,089   2,359 4,730
7,061   3,972 3,089
18,405   7,445 10,960
6,012   5,379 633
46,958   33,332 13,626
63,174   76,724 -13,550
9,476   3,269 6,207
13,247   11,075 2,172
8,598   430 8,168
16,683   12,297 4,386
18,949   3,972 14,977
9,092   1,042 8,050
5,209   2,485 2,724
19,823   13,747 6,076
10,901   5,002 5,899
9,004   5,607 3,397
3,152   2,760 392
143,059   71,013 72,046
75,832   52,465 23,367
4,361   925 3,436
10,749   485 10,264
25,372   19,575 5,797
8,862   7,059 1,803
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
      21,244
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       -9,592
b       -1,385
c       80
d       9,240
e       -3,728
      7,812
      -124
      5,025
      -3,526
      -1,169
      6,592
      -1,297
      399
      5,112
      -4,891
      4,922
      557
      2,357
      -557
      2,624
      4,804
      -1,449
      -9,255
      -21,022
      892
      -9,059
      8,576
      2,801
      -568
      8,616
      753
      -5,259
      550
      13,426
      4,730
      3,089
      10,960
      633
      13,626
      -13,550
      6,207
      2,172
      8,168
      4,386
      14,977
      8,050
      2,724
      6,076
      5,899
      3,397
      392
      72,046
      23,367
      3,436
      10,264
      5,797
      1,803
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 232,150
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 4,782
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 4,782
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 4,782
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 2,128
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 2,128
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,654
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWA
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 arrow  
14
The books are in care ofright arrowUS BANK NA Telephone no.right arrow (206) 340-8044

Located atright arrowPO BOX 0634MILWAUKEEWI ZIP+4right arrow532010634
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
US BANK N A TRUSTEE
1 		68,649    
PO BOX 0634
MILWAUKEE,WI532010634
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NONE  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
5,848,031
b
Average of monthly cash balances.......................
1b
269,389
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
6,117,420
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
6,117,420
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
91,761
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,025,659
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
301,283
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
301,283
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,782
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,782
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
296,501
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
296,501
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
296,501
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
446,415
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
446,415
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 7 296,501
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 221,261
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 446,415
a Applied to 2023, but not more than line 2a 221,261
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..... 225,154
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 .......... 		71,347
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
US BANK N A
PO BOX 0634
MILWAUKEE,WI532010634
(206) 340-8044
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION FORM PROVIDED IN RESPONSE TO QUALIFIED INQUIRIES
cAny submission deadlines:
APRIL 1 ANNUALLY
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ONLY TO SEATTLE ART PROGRAMS AND PROGRAMS SERVING THE HOMELESS
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

SEE ATTACHED

C/O US BANK NA
MILWAUKEE,WI532010634 		NONE PC GENERAL OPERATING 436,000
Total .................................right arrow 3a 436,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 179,641  
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 ............ 		    18 232,150  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND 		    1 1,238  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   413,029  
13Total. Add line 12, columns (b), (d), and (e)..................
13
413,029
(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:
FALES FOUNDATION TRUST
EIN:
91-6087669
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 25     25

TY 2024 InvestmentsCorpBondsSchedule
Name:
FALES FOUNDATION TRUST
EIN:
91-6087669
Name of Bond End of Year Book Value End of Year Fair Market Value
06406RBL0 BANK NEW YORK MTN 75,579 77,105
084664CW9 BERKSHIRE HATHAWAY 60,294 63,186
29364WAZ1 ENTERGY LOUISIANA 67,687 72,197
458140BH2 INTEL CORP 62,059 66,380
74460DAJ8 PUBLIC STORAGE SR 82,362 84,426
78016EZM2 ROYAL BK CDA MTN 89,996 96,638
91324PEG3 UNITEDHEALTH GROUP 96,715 98,139
29736RAT7 LAUDER ESTEE CONS 97,589 96,001
30303M8H8 META PLATFORMS INC 93,057 93,133

TY 2024 InvestmentsCorpStockSchedule
Name:
FALES FOUNDATION TRUST
EIN:
91-6087669
Name of Stock End of Year Book Value End of Year Fair Market Value
02079K305 ALPHABET INC CL A 3,437 81,608
023135106 AMAZON.COM INC 28,112 71,304
026874784 AMERICAN INTERNATION    
03027X100 AMERICAN TOWER CORP 2,824 7,398
031162100 AMGEN INC    
032654105 ANALOG DEVICES INC    
036752103 ELEVANCE HEALTH INC 10,654 15,828
037833100 APPLE INC 13,098 82,600
038222105 APPLIED MATERIALS IN    
084670702 BERKSHIRE HATHAWAY I 7,816 21,090
09857L108 BOOKING HOLDINGS INC 9,650 18,950
110122108 BRISTOL MYERS SQUIBB    
125523100 CIGNA CORP    
12572Q105 CME GROUP INC    
125896100 C M S ENERGY CORP    
166764100 CHEVRON CORP COM 10,176 22,379
17275R102 CISCO SYSTEMS INC 11,986 27,270
172967424 CITIGROUP INC 11,807 16,286
20030N101 COMCAST CORP CL A    
22052L104 CORTEVA INC    
22160K105 COSTCO WHOLESALE COR 1,673 19,598
278865100 ECOLAB INC 1,917 12,510
285512109 ELECTRONIC ARTS INC    
30303M102 FACEBOOK INC A 16,032 65,472
337738108 FISERV INC 10,004 21,604
375558103 GILEAD SCIENCES INC 16,684 24,300
416515104 HARTFORD FINANCIAL S    
437076102 HOME DEPOT INC 17,363 20,599
438516106 HONEYWELL INTL INC 7,009 11,186
445658107 HUNT J B TRANS SVCS    
446150104 HUNTINGTON BANCSHARE    
46625H100 J P MORGAN CHASE CO 2,078 53,460
532457108 ELI LILLY CO 5,218 36,499
539830109 LOCKHEED MARTIN CORP    
548661107 LOWES CO INC 7,408 23,404
57636Q104 MASTERCARD INC 4,747 27,772
580135101 MCDONALDS CORP COM 1,542 7,218
58933Y105 MERCK AND CO INC    
594918104 MICROSOFT CORP 5,330 114,142
609207105 MONDELEZ INTERNATION    
666807102 NORTHROP GRUMMAN COR 10,960 14,618
67066G104 NVIDIA CORP 45,257 84,049
68902V107 OTIS WORLDWIDE CORP    
697435105 PALO ALTO NETWORKS I 30,215 36,884
718172109 PHILIP MORRIS INTL    
742718109 PROCTER GAMBLE CO    
75513E101 RAYTHEON TECHNOLOGIE    
79466L302 SALESFORCE COM INC 26,801 34,170
806857108 SCHLUMBERGER LTD COM 28,660 24,168
808513105 SCHWAB CHARLES CORP 22,208 24,816
828806109 SIMON PROPERTY GROUP 11,419 17,386
854502101 STANLEY BLACK DECKER    
87612E106 TARGET CORP COM 25,489 20,687
911312106 UNITED PARCEL SERVIC 4,003 6,283
92343V104 VERIZON COMMUNICATIO    
925652109 VICI PPTYS INC 11,954 11,908
931142103 WAL MART STORES INC 22,260 44,172
98956P102 ZIMMER BIOMET HOLDIN    
G1151C101 ACCENTURE PLC IRELAN 16,126 19,248
G54950103 LINDE PLC SHS    
G5960L103 MEDTRONIC PLC    
G6095L109 APTIV PLC    
00724F101 ADOBE SYS INC 19,369 17,498
007903107 ADVANCED MICRO DEVIC 38,401 23,190
217204106 COPART INC COM 19,462 20,276
65339F101 NEXTERA ENERGY INC 27,135 25,046
78409V104 S P GLOBAL INC COM 15,283 15,642
81762P102 SERVICENOW INC 23,429 30,551
893641100 TRANSDIGM GROUP INC 19,157 18,947
91324P102 UNITEDHEALTH GROUP I 21,942 24,412
G29183103 EATON CORP PLC SHS 11,256 9,793
G3265R107 APTIV PLC COM SHS 16,679 12,484

TY 2024 InvestmentsOtherSchedule2
Name:
FALES FOUNDATION TRUST
EIN:
91-6087669
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
00191K849 AQR STYLE PREMIA ALT      
024525669 AHL MANAGED FUTURES      
09260B374 BLACKROCK STRATEGIC      
22540S836 CREDIT SUISSE FL RT AT COST 95,530 91,751
256206103 DODGE COX INTERNATIO AT COST 170,347 218,390
256210105 DODGE COX INCOME AT COST 151,938 129,624
256219106 DODGE COX STOCK FUND AT COST 104,353 153,874
41665X859 HARTFORD SCHRODERS E      
464287226 ISHARES CORE U.S. AG AT COST 95,554 80,355
464287465 ISHARES MSCI EAFE ET AT COST 41,562 59,430
464287499 ISHARES RUSSELL MID AT COST 199,622 230,175
464288620 ISHARES BROAD USD IN      
464288687 ISHARES TRUST ISHARE AT COST 74,349 60,439
46434V803 ISHARES CURRENCY HED      
52106N889 LAZARD EMERGING MKTS AT COST 63,683 62,685
552746356 MFS INTERNATIONAL GR      
670678119 NUVEEN REAL ESTATE S AT COST 62,695 57,922
693390700 PIMCO TOTAL RETURN F AT COST 122,552 111,905
693390841 P I M C O HIGH YIELD AT COST 88,296 81,440
72201F490 PIMCO INCOME FUND IN AT COST 214,987 191,513
741479406 PRICE T ROWE GROWTH AT COST 92,282 159,516
74440B884 PGIM TOTAL RETURN BO AT COST 156,287 127,146
78462F103 SPDR S P 500 ETF TRU AT COST 295,015 698,111
904504479 UNDISCOVERED MGRS BE      
921937686 VANGUARD SMALL CAP V AT COST 43,517 121,837
921943858 VANGUARD FTSE DEVELO AT COST 196,154 237,215
922031836 VANGUARD SHORT TERM      
922042858 VANGUARD FTSE EMERGI AT COST 54,916 53,280
922908553 VANGUARD REAL ESTATE AT COST 15,746 18,110
922908595 VANGUARD SMALL CAP G AT COST 117,686 189,677
922908751 VANGUARD SMALL CAP I AT COST 73,770 124,820
92835M414 ALPHASIMPLEX MGD FUT      
46137V357 INVESCO S P 500 EQUA AT COST 78,729 81,558
46434G103 ISHARES CORE MSCI EM AT COST 67,657 68,887
52471E258 CLEARBRIDGE INTERNAT AT COST 220,000 218,880
808524847 SCHWAB US REIT ETF AT COST 63,713 63,660
861728400 STONE RIDGE HY REINS AT COST 245,000 235,811

TY 2024 OtherDecreasesSchedule
Name:
FALES FOUNDATION TRUST
EIN:
91-6087669
Description Amount
CY PURCHASE OF ACCRUED INTEREST 245
ROC ON CY SALES 831
PY RETURN OF CAPITAL ADJUSTMENT 446
COST BASIS ADJUSTMENT 292


TY 2024 OtherExpensesSchedule
Name:
FALES FOUNDATION TRUST
EIN:
91-6087669
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER MISC EXPENSES 3,525 0   3,525


TY 2024 OtherIncomeSchedule2
Name:
FALES FOUNDATION TRUST
EIN:
91-6087669
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
FEDERAL TAX REFUND 1,238 0  


TY 2024 OtherIncreasesSchedule
Name:
FALES FOUNDATION TRUST
EIN:
91-6087669
Description Amount
PY PURCHASE OF ACCRUED INTEREST 308


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

TY 2024 OtherNotesLoansRcvblLongSch
Name:
FALES FOUNDATION TRUST
EIN:
91-6087669

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
STATEMENT             0 %        

TY 2024 TaxesSchedule
Name:
FALES FOUNDATION TRUST
EIN:
91-6087669
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 2,009 2,009   0
FEDERAL ESTIMATES - PRINCIPAL 1,064 0   0
FOREIGN TAXES ON NONQUALIFIED 497 497   0