Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
TRUST FUNDS INCORPORATED
 
Number and street (or P.O. box number if mail is not delivered to street address)1104 CORPORATE WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SACRAMENTO, CA958313875
A Employer identification number

94-6062952
B Telephone number (see instructions)

(916) 395-4472
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$10,545,523J 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 16,116 16,116  
4 Dividends and interest from securities... 94,128 94,128  
5a Gross rents............ 637,231 637,231  
b Net rental income or (loss) 557,480
6a Net gain or (loss) from sale of assets not on line 10 152,213
b Gross sales price for all assets on line 6a 495,037
7 Capital gain net income (from Part IV, line 2)... 152,213
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22 22  
12 Total. Add lines 1 through 11........ 899,710 899,710  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 64,964 12,720   46,021
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 5,434 1,064   3,850
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,020 13,518   751
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
69,629 69,629   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
21,241 10,049   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
21,238 21,238  
20 Occupancy.............. 9,960 1,992   6,972
21 Travel, conferences, and meetings....... 4,050 869   2,895
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,014 19,852   9,028
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 241,550 150,931   69,517
25 Contributions, gifts, grants paid....... 515,700 515,700
26 Total expenses and disbursements. Add lines 24 and 25 757,250 150,931   585,217
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 142,460
b Net investment income (if negative, enter -0-) 748,779
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 132,667 186,141 186,141
2 Savings and temporary cash investments......... 45,566 107,694 107,694
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 193,982 0 0
b Investments—corporate stock (attach schedule)....... 2,895,145 Click to see attachment
List of Attached Documents:
// Content
3,152,221 		3,784,984
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow1,305,007
Less: accumulated depreciation (attach schedule) right arrow658,213 668,030 Click to see attachment
List of Attached Documents:
// Content
646,794 		6,465,909
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
795 		Click to see attachment
List of Attached Documents:
// Content
795 		Click to see attachment
List of Attached Documents:
// Content
795
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,936,185 4,093,645 10,545,523
Liabilities 17 Accounts payable and accrued expenses..........   15,000
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) Click to see attachment
List of Attached Documents:
// Content
59,670 		Click to see attachment
List of Attached Documents:
// Content
59,670
23 Total liabilities (add lines 17 through 22)......... 59,670 74,670
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........ 3,348,099 3,348,099
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 528,416 670,876
29 Total net assets or fund balances (see instructions)..... 3,876,515 4,018,975
30 Total liabilities and net assets/fund balances (see instructions). 3,936,185 4,093,645
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
3,876,515
2
Enter amount from Part I, line 27a .....................
2
142,460
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,018,975
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,018,975
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 WELLS FARGO 2639 P   2024-12-31
b WELLS FARGO 2639 P   2024-12-31
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 150,000   150,000 0
b 274,194   192,824 81,370
c 70,843     70,843
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       0
b       81,370
c       70,843
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 152,213
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 10,408
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 10,408
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 10,408
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 10,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 408
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,408
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowCARLIN ASSOCIATES CPA'S Telephone no.right arrow (415) 530-3450

Located atright arrow1000 FOURTH STREET STE 500SAN RAFAELCA ZIP+4right arrow94901
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ELIZABETH M KELLEY PRESIDENT
30.00 		56,964 0 0
1104 CORPORATE WAY
SACRAMENTO,CA95831
JOHN STRAIN SECRETARY
6.00 		0 0 0
1104 CORPORATE WAY
SACRAMENTO,CA95831
ALFRED A PEGUERO CFO
10.00 		6,000 0 0
1104 CORPORATE WAY
SACRAMENTO,CA95831
MARGARET HEALY VIBANDOR DIRECTOR
2.00 		2,000 0 0
1104 CORPORATE WAY
SACRAMENTO,CA95831
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
3,791,072
b
Average of monthly cash balances.......................
1b
30,181
c
Fair market value of all other assets (see instructions)................
1c
6,748,063
d
Total (add lines 1a, b, and c).........................
1d
10,569,316
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
10,569,316
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
158,540
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
10,410,776
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
520,539
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
520,539
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
10,408
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,408
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
510,131
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
510,131
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
510,131
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
585,217
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
585,217
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 7 510,131
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 19,009
b From 2020...... 8,939
c From 2021...... 45,808
d From 2022...... 31,598
e From 2023...... 65,653
f Total of lines 3a through e ........ 171,007
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 585,217
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 510,131
e Remaining amount distributed out of corpus 75,086
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 5 246,093
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		19,009
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		227,084
10 Analysis of line 9:
a Excess from 2020.... 8,939
b Excess from 2021.... 45,808
c Excess from 2022.... 31,598
d Excess from 2023.... 65,653
e Excess from 2024.... 75,086
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ELIZABETH M KELLEY PRESIDENT
1104 CORPORATE WAY
SACARAMENTO,CA95831
(916) 395-4472
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION FORM FOR CATHOLIC ELEMENTARY AND HIGH SCHOOLS - GRANTS FOR SPECIFIC PURPOSES SUCH AS TEXTBOOKS, AUDIO-VISUAL EQUIPMENT, RELIGIOUS EDUCATION MATERIAL, TUITION ASSISTANCE, COMPUTERS, SOFTWARE, CLASSROOM FURNITURE, AS WELL AS SPECIFIC DATA ABOUT THE SCHOOL.
cAny submission deadlines:
QUARTERLY DEADLINES FOR APPLICATION SUBMISSIONS.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
A DIFFERENT APPLICATION FORM IS REQUIRED FROM OTHER APPLICANTS REQUESTING A COMPREHENSIVE DESCRIPTION OF THE NEED AND SPECIFIC DATA OF THE APPLICANTS ORGANIZATION. SAN FRANCISCO BAY AREA AND CATHOLIC CHARITIES ARE FAVORED.
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

ALL SOULS CATHOLIC SCHOOL

479 MILLER AVENUE
SOUTH SAN FRANCISCO,CA94080 		  PUBLIC CHARITY PREGNANCY CARE AND SUPPORT 10,000

BELLE PRIMARY CARE

2000 VAN NESS AVE 304
SAN FRANCISCO,CA94109 		  PUBLIC CHARITY SCHOLARSHIPS FOR RETREATANTS 10,000

BISHOP O'DOWD HIGH SCHOOL

9500 STEARNS AVE
OAKLAND,CA94605 		  PUBLIC CHARITY ROOF REPLACEMENT 7,500

CASTELLO DOMINICAN MISSIONARIES FOR THE DEAF APOSTOLATE

22 MULBERRY STREET
NEWARK,NJ07102 		  PUBLIC CHARITY TUITION ASSISTANCE 3,200

CASTELLO DOMINICAN MISSIONARIES FOR THE DEAF APOSTOLATE

22 MULBERRY STREET
NEWARK,NJ07102 		  PUBLIC CHARITY GENERAL FUNDING 10,000

CATHOLIC CHARITIES OF SAN FRANCISCO

1555 39TH AVENUE
SAN FRANCISCO,CA94122 		  PUBLIC CHARITY GENERAL FUNDING 10,000

CLARA'S HOUSE

2700 L ST
SACRAMENTO,CA95816 		  PUBLIC CHARITY GENERAL FUNDING 10,000

DOROTHY DAY HOUSE

1931 CENTER ST
BERKELEY,CA94704 		  PUBLIC CHARITY TUITION ASSISTANCE 20,000

ECOLE NOTRE DAME DES VICTOIRES

659 PINE ST
SAN FRANCISCO,CA94108 		  PUBLIC CHARITY STATUES AND GARDEN SHED 10,000

EPIPHANY CENTER

100 MASONIC AVENUE
SAN FRANCISCO,CA94118 		  PUBLIC CHARITY CHILDRENS'S FUND FOR NEEDY CHILDREN 15,000

FAMILY PROMISE OF SACRAMENTO

1331 GARDEN HIGHWAY
SACRAMENTO,CA95833 		  PUBLIC CHARITY DIGITAL & MEDICAL SERVICES FOR PREGNANCY CENTERS 20,000

FREE TO BE

1801 BUSH STREET
SAN FRANCISCO,CA94109 		  PUBLIC CHARITY TUITION ASSISTANCE 15,000

INSIGHT HOUSINGBERKELEY FOOD & HOUSING PROJECT

1901 FAIRVIEW STREET
BERKELEY,CA94703 		  PUBLIC CHARITY LOW INCOME HOUSING ASSISTANCE 15,000

LOAVES & FISHES FAMILY KITCHEN

1391 S 10TH STREET
SAN JOSE,CA95112 		  PUBLIC CHARITY CLIENT ASSISTANCE FUND 20,000

MISSION DOLORES ACADEMY

3371 16TH ST
SAN FRANCISCO,CA94114 		  PUBLIC CHARITY TUITION ASSISTANCE 12,500

NOTRE DAME HIGH SCHOOL BELMONT

1540 RALSTON AVENUE
BELMONT,CA94002 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

OUR LADY OF MERCY SCHOOL

7 ELMWOOD DR
DALY CITY,CA94015 		  PUBLIC CHARITY GENERAL FUNDING 2,500

OUR LADY OF MOUNT CARMEL SCHOOL

301 GRAND ST
REDWOOD CITY,CA94062 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

OUR LADY OF PERPETUAL HELP SCHOOL

80 WELLINGTON AVE
DALY CITY,CA94014 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

OUR LADY OF REFUGE PARISH

2165 LUCRETIA AVE
SAN JOSE,CA95122 		  PUBLIC CHARITY CURRICULUM MATERIALS 15,000

OUR LADY OF THE VISITACION SCHOOL

785 SUNNYDALE AVENUE
SAN FRANCISCO,CA94134 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

SACRAMENTO LOAVES & FISHES

1351 NORTH C ST
SACRAMENTO,CA95811 		  PUBLIC CHARITY GENERAL FUNDING 20,000

SF-MARIN FOOD BANK

900 PENNSYLVANIA AVENUE
SAN FRANCISCO,CA94107 		  PUBLIC CHARITY GENERAL FUNDING 2,500

SONOMA BOYS & GIRLS CLUB

100 W VERANO AVENUE
SONOMA,CA95476 		  PUBLIC CHARITY GENERAL FUNDING 2,500

ST BENEDICT LODGE OR

56630 NORTH BANK ROAD
MCKENZIE BRIDGE,OR97413 		  PUBLIC CHARITY GENERAL FUNDING 6,000

ST CATHERINE OF SIENA

1310 BAYSWATER AVENUE
BURLINGAME,CA94010 		  PUBLIC CHARITY TUITION ASSISTANCE 7,500

ST EDWARD SCHOOL

5788 THORNTON AVENUE
NEWARK,CA94560 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

ST ELIZABETH ELEMENTARY SCHOOL

1532 E 12TH STREET
OAKLAND,CA94606 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

ST ELIZABETH SETON SCHOOL

1095 CHANNING AVENUE
PALO ALTO,CA94301 		  PUBLIC CHARITY TUITION ASSISTANCE 15,000

ST ELIZABETH'S CATHOLIC CHURCH

1500 34TH AVENUE
OAKLAND,CA94601 		  PUBLIC CHARITY GENERAL FUNDING 2,500

ST FINN BARR CATHOLIC SCHOOL

419 HEARST AVE
SAN FRANCISCO,CA94112 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

ST FRANCIS XAVIER MISSION

1701 E 52ND STREET
LOS ANGELES,CA90011 		  PUBLIC CHARITY GENERAL FUNDING 4,000

ST JOHN THE EVANGELIST SCHOOL

5701 LOCUST AVE
CARMICHAEL,CA95608 		  PUBLIC CHARITY GENERAL FUNDING 10,000

ST JOSEPH NOTRE DAME HIGH SCHOOL

1011 CHESTNUT ST
ALAMEDA,CA94501 		  PUBLIC CHARITY CLINIC/NURSE MANAGEMENT 10,000

ST MONICA SCHOOL

5950 GEARY BOULEVARD
SAN FRANCISCO,CA94121 		  PUBLIC CHARITY GENERAL FUNDING 10,000

ST PATRICK SCHOOL

1023 PERALTA STREET
OAKLAND,CA94607 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

ST PHILIP SCHOOL

665 ELIZABETH ST
SAN FRANCISCO,CA94114 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

ST ROBERT CATHOLIC SCHOOL

345 OAK AVENUE
SAN BRUNO,CA94066 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

ST THOMAS MORE SCHOOL

50 THOMAS MORE WAY
SAN FRANCISCO,CA94132 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

ST TIMOTHY SCHOOL

1515 DOLAN AVE
SAN MATEO,CA94401 		  PUBLIC CHARITY TUITION ASSISTANCE 10,000

SVDP HOLY SPIRIT CONFERENCE TPHS

3159 LAND PARK DRIVE
SACRAMENTO,CA95818 		  PUBLIC CHARITY TUITION ASSISTANCE 20,000

SVDP HOLY SPIRIT CONFERENCE TPHS

3159 LAND PARK DRIVE
SACRAMENTO,CA95818 		  PUBLIC CHARITY GENERAL FUNDING 2,500

SVDP HOLY SPIRIT CONFERENCE TPHS

3159 LAND PARK DRIVE
SACRAMENTO,CA95818 		  PUBLIC CHARITY GENERAL FUNDING 2,500

SVDP PLANADA SACRED HEART CONFERENCE

931 BROADWAY AVENUE
PLANADA,CA95365 		  PUBLIC CHARITY GENERAL FUNDING 2,500

SVDP SAN FRANCISCO

2350 GREEN ST
SAN FRANCISCO,CA94123 		  PUBLIC CHARITY TUITION ASSISTANCE 20,000

SVDP SCHOOL - SAN FRANCISCO

2350 GREEN ST
SAN FRANCISCO,CA94123 		  PUBLIC CHARITY TUITION ASSISTANCE 5,000

SVDP SCHOOL - SAN FRANCISCO

2350 GREEN ST
SAN FRANCISCO,CA94123 		  PUBLIC CHARITY LOW INCOME HOUSING ASSISTANCE 10,000

SVDP ST ANTHONY CONFERENCE

1000 W 6TH STREET
GILROY,CA95020 		  PUBLIC CHARITY GENERAL FUNDING 7,500

CARE THROUGH TOUCH INSTITUTE

1801 BUSH STREET
SAN FRANCISCO,CA94109 		  PUBLIC CHARITY GENERAL FUNDING 15,000

VIA SERVICES

2851 PARK AVENUE
SANTA CLARA,CA95050 		  PUBLIC CHARITY NAVIGATOR PROGRAM 5,000

VILLA SIENA FOUNDATION

1855 MIRAMONTE AVENUE
MOUNTAIN VIEW,CA94040 		  PUBLIC CHARITY ROTA CARE PITTSBURG FREE MEDICAL 10,000
Total .................................right arrow 3a 515,700
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 16,116  
4 Dividends and interest from securities ....     14 94,128  
5 Net rental income or (loss) from real estate:
aDebt-financed property......     16 557,480  
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 22  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 152,213  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 819,959 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
819,959
(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:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 15,020 13,518   751

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

TY 2024 DepreciationSchedule
Name:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
ROOF 2017-11-14 41,200 6,468 SL 39.000000000000 1,056 1,056    
STORE FRONT 2001-08-23 32,538 18,630 SL 39.000000000000 834 834    
PARTITIONS & ELECTRICAL 2007-07-01 141,496 116,737 SL 20.000000000000 7,075 7,075    
BUILDING IMPROVEMENTS 2008-07-01 164,206 65,255 SL 39.000000000000 4,210 4,210    
PARKING LOT 2015-11-10 87,296 47,294 SL 15.000000000000 5,820 5,820    
ROOF 2020-06-26 87,469 7,850 SL 39.000000000000 2,243 2,243    
BUILDING 1983-11-01 168,781 168,781 SL 40.000000000000 0 0    
LAND 1974-05-01 277,459   L   0 0    
BUILDING 1974-05-01 114,181 114,181 SL 40.000000000000 0 0    
LAND 1983-11-01 98,600   L   0 0    
IMPROVEMENTS 2001-02-01 87,425 87,425 SL 15.000000000000 0 0    
IMPROVEMENTS 2001-08-23 4,356 4,356 SL 15.000000000000 0 0    

TY 2024 InvestmentsCorpStockSchedule
Name:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCKS 352,644 917,503
MUTUAL FUNDS 2,799,577 2,867,481

TY 2024 InvestmentsLandSchedule2
Name:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
ROOF 41,200 7,524 33,676  
STORE FRONT 32,538 19,464 13,074  
PARTITIONS & ELECTRICAL 141,496 123,812 17,684  
BUILDING IMPROVEMENTS 164,206 69,465 94,741  
PARKING LOT 87,296 53,114 34,182  
ROOF 87,469 10,093 77,376  
BUILDING 168,781 168,781 0  
LAND 277,459 0 277,459  
BUILDING 114,181 114,181 0  
LAND 98,600 0 98,600  
IMPROVEMENTS 87,425 87,425 0  
IMPROVEMENTS 4,356 4,356 0  

TY 2024 OtherAssetsSchedule
Name:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SERVICE & KEY DEPOSITS 795 795 795


TY 2024 OtherExpensesSchedule
Name:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 100 0   100
INSURANCE 2,530 2,530   0
OFFICE EXPENSE 1,837 368   1,286
MEETING EXPENSE 117 24   82
GRANT MANAGEMENT TECHNOLOGY 8,500 0   7,560
INSURANCE 5,761 5,761   0
REPAIRS & MAINTENANCE 8,357 8,357   0
INSURANCE 2,812 2,812   0


TY 2024 OtherIncomeSchedule2
Name:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
UNRECAPTURED SECTION 1250 GAIN 22 22 22


TY 2024 OtherLiabilitiesSchedule
Name:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 59,670 59,670


TY 2024 OtherProfessionalFeesSchedule
Name:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISORY FEES 38,095 38,095   0
MANAGEMENT FEES 21,024 21,024   0
MANAGEMENT FEES 10,510 10,510   0


TY 2024 TaxesSchedule
Name:
TRUST FUNDS INCORPORATED
EIN:
94-6062952
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES 11,192 0   0
REAL ESTATE TAXES 10,049 10,049   0