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
CARES FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6920 FAIR OAKS BLVD 205
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARMICHAEL, CA95608
A Employer identification number

45-2544055
B Telephone number (see instructions)

(916) 914-6274
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$34,372,984J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 884,749 884,749  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 989,698
b Gross sales price for all assets on line 6a 8,086,523
7 Capital gain net income (from Part IV, line 2)... 989,698
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).......      
12 Total. Add lines 1 through 11........ 1,874,447 1,874,447  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,213 35,410   11,803
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
325,865 172,594   153,271
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,311 0   200
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,481 0   13,481
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 398,870 208,004   178,755
25 Contributions, gifts, grants paid....... 1,344,448 1,344,448
26 Total expenses and disbursements. Add lines 24 and 25 1,743,318 208,004   1,523,203
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 131,129
b Net investment income (if negative, enter -0-) 1,666,443
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............. 331,693 797,176 797,176
2 Savings and temporary cash investments......... 501,621 521,757 521,757
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.......... 2,168 2,168 2,168
10a Investments—U.S. and state government obligations (attach schedule) 2,791,799 Click to see attachment
List of Attached Documents:
// Content
3,037,775 		3,037,775
b Investments—corporate stock (attach schedule)....... 17,774,806 Click to see attachment
List of Attached Documents:
// Content
18,155,377 		18,155,377
c Investments—corporate bonds (attach schedule)....... 11,152,157 Click to see attachment
List of Attached Documents:
// Content
11,858,731 		11,858,731
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)..........      
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) 32,554,244 34,372,984 34,372,984
Liabilities 17 Accounts payable and accrued expenses.......... 148 148
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
33,379 		Click to see attachment
List of Attached Documents:
// Content
14,990
23 Total liabilities (add lines 17 through 22)......... 33,527 15,138
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........... 32,520,717 34,357,846
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........    
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)..... 32,520,717 34,357,846
30 Total liabilities and net assets/fund balances (see instructions). 32,554,244 34,372,984
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
32,520,717
2
Enter amount from Part I, line 27a .....................
2
131,129
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,706,000
4
Add lines 1, 2, and 3 ..........................
4
34,357,846
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
34,357,846
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 PUBLICALLY TRADED SECURITIES - ST P 2024-01-01 2024-12-31
b PUBLICALLY TRADED SECURITIES - LT P 2023-01-01 2024-12-31
c
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 4,266,956   4,042,777 224,179
b 3,819,567   3,054,048 765,519
c
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       224,179
b       765,519
c
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 2 989,698
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 23,164
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 23,164
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 23,164
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 17,943
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,943
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 779
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow779 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$ 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 arrowWWW.THECARESFOUNDATION.ORG
14
The books are in care ofright arrowBWO CPAS Telephone no.right arrow (916) 921-2600

Located atright arrow6920 FAIR OAKS BLVD SUITE 205CARMICHAELCA ZIP+4right arrow95608
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
FRED MEYERS PRESIDENT
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
OLIVIA KASIRYE VICE PRESIDENT
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
ALICE KESSLER SECRETARY
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
JOHN KAY CFO (THRU 1/24)
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
ASHLEY BRAND MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
ERIN CABELERA MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
GRACIELA CASTILLO- KRINGS MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
MICHAEL MARTINEZ MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
ROBERT STYRON CFO (AS OF 1/24)
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
DANIEL TORRES MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
RONALD WOO MEMBER
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
RICH POLARD MEMBER (THRU 01/24)
1.00 		0 0 0
6920 FAIR OAKS BLVD SUITE 205
CARMICHAEL,CA95608
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
COMMUNITY HEALTH IMPACT CONSULTING SERVICES 117,003
3621 LOMA DRIVE
SHINGLE SPRINGS,CA95682
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
33,450,148
b
Average of monthly cash balances.......................
1b
423,245
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
33,873,393
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
33,873,393
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
508,101
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
33,365,292
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,668,265
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,668,265
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
23,164
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
23,164
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,645,101
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,645,101
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
1,645,101
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
1,523,203
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
1,523,203
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 1,645,101
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 838,393
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,523,203
a Applied to 2023, but not more than line 2a 838,393
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..... 684,810
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 .......... 		960,291
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
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:
DEBORAH BOUZARD
6920 FAIR OAKS BLVD
CARMICHAEL,CA95608
(916) 290-2291
DEBBIE@THECARESFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
THE REQUESTOR MUST COMPLETE A LETTER OF INQUIRY (LOI) FOR REVIEW AND APPROVAL PRIOR TO SUBMITTING A GRANT APPLICATION
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS WILL SUPPORT ORGANIZATIONS IN THE GREATER SACRAMENTO AREA THAT DIRECTLY SERVE THE NEEDS OF PEOPLE WITH HIV/AIDS OR AID IN THE PREVENTION OF HIV/AIDS TRANSMISSION
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

COMMUNICARE HEALTH CENTERS

500 JEFFERSON BOULEVARD
WEST SACRAMENTO,CA95605 		N/A PC PREP CLINIC, NAVIGATION, REFERRALS FOR ON-SITE BEHAVIORAL HEALTH SERVICES 65,655

COMMUNITY AGAINST SEXUAL HARM (CASH)

3101 1ST AVENUE
SACRAMENTO,CA95817 		N/A PC HIV/STI PREVENTION AND PROVIDE PREP INFORMATION TO SEX WORKERS 191,591

GOLDEN RULE SERVICES

4433 FLORIN ROAD SUITE 860
SACRAMENTO,CA95823 		N/A PC NON-MEDICAL CASE MANAGEMENT FOR PEOPLE OF COLOR LIVING WITH HIV, HIV CARE 50,000

HARM REDUCTION SERVICES (HRS)

2800 STOCKTON BOULEVARD
SACRAMENTO,CA95817 		N/A PC STREET OUTREACH TO HOMELESS, SEX WORKERS AND INJECTION DRUG USERS 302,163

ONE COMMUNITY HEALTH

1500 21ST STREET
SACRAMENTO,CA95811 		N/A PC HIV TESTING, CARE PROGRAM 150,000

PLANNED PARENTHOOD MAR MONTE

1691 THE ALAMEDA
SAN JOSE,CA95126 		N/A PC HIV/STI EDUCATION FOR YOUTH AND YOUNG ADULTS INCLUDING PREP 80,000

SACRAMENTO LGBT COMMUNITY CENTER

1015 20TH STREET
SACRAMENTO,CA95811 		N/A PC HIV/STI TESTING AND LINKAGE TO CARE, SAFER SEX SUPPLIES 168,565

SAFER ALTERNATIVES THRU NETWORKING AND EXCHANGE (SANE)

2211 DEL PASO BOULEVARD
SACRAMENTO,CA95815 		N/A PC SYRINGE EXCHANGE, RISK REDUCTION EDUCATION ON-SITE 67,171

SUNBURST PROJECTS

2143 HURLEY WAY SUITE 240
SACRAMENTO,CA95825 		N/A PC HIV TESTING, CARE PROGRAM 110,000

SIERRA FOOTHILLS AIDS FOUNDATION

12183 LOCKSLEY LANE SUITE 208
AUBURN,CA95602 		N/A PC PREP NAVIGATION TO HIGH RISK AIDS CLIENTS 149,303

NORCAL AIDS CYCLE

PO BOX 161934
SACRAMENTO,CA95816 		N/A PC 2024 SPONSORSHIP 10,000
Total .................................right arrow 3a 1,344,448
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 884,749  
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 ............ 		    18 989,698  
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 1,874,447 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,874,447
(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:
CARES FOUNDATION
EIN:
45-2544055
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 47,213 35,410   11,803

TY 2024 InvestmentsCorpBondsSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Name of Bond End of Year Book Value End of Year Fair Market Value
ALLIANZ FIXED INCOME - SERIES C 613,138 613,138
ALLIANZ FIXED INCOME - SERIES M 618,039 618,039
MORGAN STANLEY B/E 54,020 54,020
AMGEN INC B/E 47,667 47,667
WELLS FARGO & CO B/E 41,212 41,212
T-MOBILE INC NTS B/E 47,013 47,013
BK OF AMER CORP 47,060 47,060
JPMORGAN CHASE & CO B/E 61,581 61,581
JH MANAGED ACCOUNT - CORPORATE BOND 693,086 693,086
JH MANAGED ACCOUNT - DEBT PORFOLIO 362,374 362,374
UBS SELECT GOVERNMENT INSTITUTIONAL FUND 2,089,051 2,089,051
BRANDYWINEGLOBAL - HIGH 2,253,589 2,253,589
VANGUARD 500 INDEX 4,783,147 4,783,147
FEDERATED HERMES GOVT 147,754 147,754

TY 2024 InvestmentsCorpStockSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Name of Stock End of Year Book Value End of Year Fair Market Value
ABB LTD SPON ADR 28,413 28,413
ADIDAS AG SPON ADR 19,727 19,727
ADYEN N V ADR 10,027 10,027
AGILENT TECHNOLOGIES INC 52,796 52,796
AIA GROUP LTD SPON ADR 28,734 28,734
AIR PROD & CHEMICAL INC 149,371 149,371
AIRBNB INC CL A 94,352 94,352
AIRBUS SE UNSPONSORED ADR 155,078 155,078
AJINOMOTO CO INC ADR JAPAN ADR 23,182 23,182
AKAMAI TECHNOLOGIES INC 22,669 22,669
ALIBABA GROUP HLDG LTD SPON 52,061 52,061
ALLEGION PLC 95,788 95,788
ALPHABET INC CL A 214,098 214,098
AMADEUS IT GROUP UNSPONSORED 14,954 14,954
AMAZON.COM INC 315,483 315,483
AMDOCS LTD GBP 33,801 33,801
AMER EXPRESS CO 86,663 86,663
AMERICAN FINANCIAL GROUP INC 36,697 36,697
AMERICAN TOWER CORP REIT 42,368 42,368
ANGLO AMERN PLC SPON ADR 21,432 21,432
ANHEUSER BUSCH INBEV SPON ADR 12,618 12,618
AON PLC CL A 22,627 22,627
APPLIED INDL TECH INC 34,484 34,484
APTARGROUP INC 52,000 52,000
ARES MANAGEMENT CORPORATION CL 100,199 100,199
ARGENX SE SPON ADR 24,600 24,600
ASHTEAD GROUP PLC ORD 42,788 42,788
ASM INTL NV EUR 11,383 11,383
ASML HLDG NV SPON ADR 131,685 131,685
ASPEN TECHNOLOGY INC 75,638 75,638
ASTRAZENECA PLC SPON ADR 90,614 90,614
ATMOS ENERGY CORP 27,854 27,854
AVERY DENNISON CORP 26,385 26,385
AXA ADR 62,870 62,870
AXCELIS TECHNOLOGIES INC COM 18,026 18,026
BAE SYSTEMS PLC SPON ADR 83,282 83,282
BANCO BILBAO VIZCAYA 29,092 29,092
BANCO DO BRASIL S A SPON ADR 33,853 33,853
BANK OF AMER CORP 85,703 85,703
BECTON DICKINSON & CO 94,605 94,605
BEIGENE LTD SPON ADR 3,694 3,694
BENTLEY SYSTEMS INC CL B 92,700 92,700
BERKLEY W R CORP 85,966 85,966
BERKSHIRE HATHAWAY INC NEW 87,030 87,030
BJS WHSL CLUB HLDGS INC 102,216 102,216
BP PLC SPON ADR 10,642 10,642
BRIGHT HORIZONS FAMILY 55,092 55,092
BRITISH AMER TOBACCO PLC GB 24,589 24,589
BROADCOM INC 74,421 74,421
BROOKFIELD CORP CL A CAD 27,346 27,346
BUNZL PLC NEW SPON ADR 17,438 17,438
CACTUS INC CL A 34,432 34,432
CADENCE DESIGN SYSTEM 107,865 107,865
CAMDEN PPTY TR SBI 24,600 24,600
CANADIAN NAT RESOURCES LTD CAD 50,966 50,966
CANADIAN PAC KANS CITY LTD CAD 32,494 32,494
CAPGEMINI S E UNSPONSORED ADR 19,054 19,054
CAPITAL ONE FINCL CORP 65,087 65,087
CARRIER GLOBAL CORP 36,110 36,110
CAVCO INDUSTRIES INC DEL 22,312 22,312
CBOE GLOBAL MARKETS INC 33,023 33,023
CEMEX S.A.B. DE C.V. SPON ADR 32,943 32,943
CENOVUS ENERGY INC CAD 37,936 37,936
CHARLES RIVER LABORATORIES 91,931 91,931
CHECK POINT SOFTWARE TECH LTD 50,409 50,409
CHEMED CORP NEW 84,238 84,238
CHIPOTLE MEXICAN GRILL INC 81,104 81,104
CHOICE HOTELS INTL INC NEW 111,738 111,738
CINN FINANCIAL CORP 41,529 41,529
CLOROX CO 33,456 33,456
COHEN & STEERS INC 21,977 21,977
COLUMBIA SPORTSWEAR CO 27,865 27,865
COMCAST CORP NEW CL A 58,247 58,247
COMMERCE BANCSHARES 27,790 27,790
COUPANG INC 10,199 10,199
CRH PLC ORD SHS .32 EACH ORD EUR 21,095 21,095
CSL LTD SPON ADR 26,881 26,881
CUBESMART SBI 23,482 23,482
CULLEN FROST BANKERS INC 31,280 31,280
CVS HEALTH CORP 46,686 46,686
DAIICHI SANKYO CO LTD SPON ADR 52,233 52,233
DAIICHI SANKYO CO LTD SPON ADRS 25,080 25,080
DANAHER CORP 175,147 175,147
DANONE SPON ADR 23,712 23,712
DATADOG INC 58,871 58,871
DBS GROUP HLDGS LTD. SPON ADR 26,120 26,120
DEERE AND CO 66,097 66,097
DEUTSCHE TELEKOM AG DE SPON ADR 44,178 44,178
DISCO CORP UNSPONSORED ADR 82,686 82,686
DOLBY LABORATORIES INC CL A 26,320 26,320
DONALDSON CO INC 32,597 32,597
DSV A/S ADR 33,241 33,241
DYNATRACE INC 90,710 90,710
EAST WEST BANCORP INC 22,025 22,025
EATON CORP PLC 93,919 93,919
ECOLAB INC 60,220 60,220
EDENRED S A UNSPONSORED ADR 9,036 9,036
EDISON INTL 82,954 82,954
ENEL SPA ADR 16,440 16,440
ENGIE SPON ADR 57,894 57,894
ENTAIN PLC ADR 6,676 6,676
EQUIFAX INC 76,965 76,965
ESSENTIAL UTILS INC 26,949 26,949
ESSILORLUXOTTICA ADR 22,324 22,324
EVOLUTION AB UNSPONSORED ADR 12,296 12,296
EXLSERVICE HOLDINGS INC 43,892 43,892
EXPEDITORS INTL WASH INC 30,019 30,019
EXPONENT INC 46,599 46,599
F5 INC 34,954 34,954
FACTSET RESH SYSTEMS INC 48,028 48,028
FAIR ISAAC CORP 39,819 39,819
FERRARI N V EUR 26,340 26,340
FLOWERS FOODS INC 22,148 22,148
FLUTTER ENTMT PLC ADR 55,050 55,050
FORTIVE CORP 45,375 45,375
FRONTLINE PLC 40,214 40,214
FUJI FILM HOLDINGS CORP ADR 57,497 57,497
FUJITSU LTD ADR NEW JAPAN ADR 19,000 19,000
GALAXY ENTERTAINMENT UN 21,032 21,032
GALLAGHER ARTHUR J & CO 121,488 121,488
GE AEROSPACE 60,878 60,878
GENUINE PARTS CO 20,783 20,783
GLENCORE PLC UNSPONSORED ADR 67,177 67,177
GRUPO AEROPORTURAIO DEL PACIFICO SAB DE CV REPSTG 10 SER B SHS SPON ADR 7,350 7,350
GRUPO FINANCIERO BANORTE SPON 67,089 67,089
HALEON PLC SPON ADR 64,662 64,662
HDFC BANK LTD ADR REPSTG 3 ORD SHS 33,782 33,782
HEIDELBERG MATERIALS AG ADR 28,273 28,273
HENRY JACK & ASSOC INC 95,188 95,188
HERMES INTL SCA ADR 4,781 4,781
HITACHI LTD ADR NEW JAPAN 65,782 65,782
HOME DEPOT INC 70,018 70,018
HOYA CORP SPON ADR 45,260 45,260
HSBC HOLDINGS PLC NEW GB SPON ADR 75,723 75,723
HUBBELL INC 24,296 24,296
ICICI BANK LTD SPON ADR 122,695 122,695
IDACORP INC (HOLDING COMPANY) 16,829 16,829
IDEX CORP 32,021 32,021
ILLINOIS TOOL WORKS INC 37,780 37,780
INDUSTRIA DE DISENO TEXTIL IND 25,280 25,280
ING GROEP N V NL SPON ADR 18,491 18,491
INTEL CORP 71,859 71,859
INTERACTIVE BROKERS GROUP INC 107,239 107,239
INTERNATIONAL CONS AIRLS GRP 27,739 27,739
INTERPUBLIC GROUP OF COS INC 17,597 17,597
INTL BANCSHARES CORP TEXAS 18,443 18,443
INTUIT 171,581 171,581
INTUITIVE SURGICAL INC 64,201 64,201
ITAU UNIBANCO HLDG SA ADR 84,057 84,057
JBS SA SPON ADR 70,662 70,662
JOHNSON & JOHNSON COM 62,476 62,476
JONES LANG LASALLE INC 36,452 36,452
JPMORGAN CHASE & CO 186,974 186,974
KB FINL GROUP INC SPON ADR 122,164 122,164
KERING S A UN SPONSORED ADR 5,419 5,419
KINGSPAN GROUP PLC ADR 11,130 11,130
KKR & CO INC CL A 182,965 182,965
KLA CORP 74,984 74,984
LAMAR ADVERTISING CO NEW CL A 31,165 31,165
LENNOX INTL INC 121,251 121,251
LINCOLN ELEC HOLDINGS NEW 23,434 23,434
LINDE PLC NEW EUR 84,153 84,153
LONDON STK EXCHANGE 58,603 58,603
LONZA GROUP AG ADR 16,165 16,165
LPL FINL HLDGS INC COM 102,851 102,851
LVMH MOET HENNESSY LOUIS ADR 67,305 67,305
MAGNOLIA OIL & GAS CORP CL A 35,374 35,374
MARSH & MCLENNAN COS INC 60,324 60,324
MARTIN MARIETTA MATERIALS INC 71,277 71,277
MARUBENI CORP ADR JAPAN ADR 26,907 26,907
MARVELL TECHNOLOGY INC 179,150 179,150
MASCO CORP 24,819 24,819
MATADOR RES CO 40,226 40,226
MC CORMICK & CO NV 24,397 24,397
MCKESSON CORP 94,605 94,605
MEDPACE HOLDINGS INC 27,907 27,907
MEITUAN ADR 92,174 92,174
MERCADOLIBRE INC 69,718 69,718
MERCK & CO INC COM 39,394 39,394
META PLATFORMS INC CL A 49,768 49,768
MICROCHIP TECHNOLOGY INC 67,730 67,730
MICROSOFT CORP 303,059 303,059
MITSUBISHI UFJ FINANCIAL GROUP 74,469 74,469
MONOLITHIC POWER SYSTEMS INC 87,572 87,572
MOTOROLA SOLUTIONS INC 77,192 77,192
MSCI INC 76,201 76,201
MTU AERO ENGINES HLDGS AG ADR 35,290 35,290
NATWEST GROUP PLC SPONSORED SPON ADR 9,275 9,275
NESTE OYJ ADR 5,423 5,423
NESTLE S A SPONSORED ADR 64,216 64,216
NETEASE INC SPON ADR 13,025 13,025
NINTENDO LTD ADR NEW JAPAN ADR 17,688 17,688
NORDSON CORP 102,946 102,946
NOVO NORDISK ADR DENMARK ADR 131,783 131,783
NTHN TRUST CORP 38,130 38,130
NU HLDGS LTD CL A 23,994 23,994
NVIDIA CORP 326,996 326,996
O REILLY AUTOMOTIVE INC 93,678 93,678
OLLIE'S BARGAIN OUTLET HOLDI 54,097 54,097
ONE GAS INC 20,775 20,775
ORACLE CORP 47,326 47,326
OTIS WORLDWIDE CORP 54,455 54,455
PACKAGING CORP OF AMERICA 25,665 25,665
PAN PAC INTL HLDGS CORP ADR 56,643 56,643
PARKER HANNIFIN CORP 86,500 86,500
PAYCOM SOFTWARE INC 43,454 43,454
PEPSICO INC 75,726 75,726
PERNOD RICARD SA SPON ADR 9,194 9,194
PHILIP MORRIS INTL INC 32,254 32,254
POOL CORP 83,189 83,189
PROGRESS SOFTWARE CORP 34,464 34,464
PROGRESSIVE CORP OHIO 198,397 198,397
PT BK CENT ASIA TBK ADR 14,972 14,972
PT BK MANDIRI PERSERO TBK ADR 18,368 18,368
QUALYS INC 44,169 44,169
RECRUIT HLDGS CO LTD UN 65,687 65,687
RENESAS ELECTRONICS CORP ADR REPSTG 1/2 COM SHS ADR 51,201 51,201
RENTOKIL INITIAL PLC SPON ADR 13,723 13,723
RHEINMETALL AG ADR 126,170 126,170
RIO TINTO PLC SPON ADR 14,585 14,585
ROLLINS INC 69,201 69,201
ROLLS ROYCE HOLDINGS PLC SPON 16,483 16,483
RPM INTL INC (DELA) 38,272 38,272
RYANAIR HOLDINGS PLC SPON ADR 16,128 16,128
SAFRAN SA ADR 62,130 62,130
SAGE GROUP PLC UN SPONSORED ADR 27,229 27,229
SAIA INC 61,524 61,524
SANDOZ GROUP AG SPON ADR 52,731 52,731
SAP SE SPON ADR 96,761 96,761
SCHNEIDER ELEC SE UNSPONSORED ADR 26,557 26,557
SCHWAB CHARLES CORP NEW 85,408 85,408
SCOTTS MIRACLE-GRO CO CL A 40,733 40,733
SEI INVESTMENTS CO 54,684 54,684
SELECTIVE INS GROUP INC 26,840 26,840
SEMPRA 164,563 164,563
SERVICE CORP INTL 44,220 44,220
SERVICENOW INC 173,860 173,860
SEVEN & I HLDGS CO LTD ADR 23,396 23,396
SHERWIN WILLIAMS CO 63,567 63,567
SHIN ETSU CHEM CO LTD ADR 26,069 26,069
SHINHAN FINANCIAL HLDG CO SPON 41,659 41,659
SHOPIFY INC CL A 50,400 50,400
SIEMENS A G SPON ADR 29,101 29,101
SIEMENS HEALTHINEERS AG ADR 17,312 17,312
SIKA AG UNSPONSORED ADR 10,214 10,214
SILGAN HOLDINGS INC 19,363 19,363
SIMPLY GOOD FOODS CO 32,860 32,860
SITEONE LANDSCAPE SUPPLY INC 46,383 46,383
SMC CORP SPON ADR 20,175 20,175
SMITH A O CORP 26,056 26,056
SNAP ON INC 42,096 42,096
SOFTBANK GROUP CORP ADR 120,929 120,929
SONOVA HLDG AG ADR 16,390 16,390
SONY GROUP CORP SPONSORED ADR 13,119 13,119
SOUTHERN COPPER CORP 31,987 31,987
STAG INDL INC SBI 21,476 21,476
STANDARD CHARTERED PLC ADR 24,950 24,950
STAR BULK CARRIERS CORP 47,362 47,362
STARBUCKS CORP 35,861 35,861
STERIS PLC 24,873 24,873
STMICROELECTRONICS N.V EUR 7,541 7,541
SUMITOMO MITSUI FINANCIAL SPON 98,431 98,431
TAIWAN SEMICONDUCTOR MFG CO 217,436 217,436
TAIWAN SEMICONDUCTOR MFG CO LTD ADR 168,656 168,656
TDK CORP ADR JAPAN ADR 20,904 20,904
TECHNIPFMC PLC 108,438 108,438
TECHTRONIC INDS SPON ADR HONG KONG 24,407 24,407
TECK RESOURCES LTD CL B ORD 57,269 57,269
TELEDYNE TECHNOLOGIES INC 61,265 61,265
TELEFLEX INC 32,036 32,036
TENCENT HLDGS LTD ADR 129,015 129,015
TERADYNE INC 86,129 86,129
TEXAS ROADHOUSE INC CL A 28,688 28,688
TFI INTL INC CAD 17,021 17,021
THE COOPER COMPANIES INC 134,861 134,861
THE TRADE DESK INC CL A 26,209 26,209
THERMO FISHER SCIENTIFIC INC 142,543 142,543
THOR INDUSTRIES INC 65,657 65,657
TOKIO MARINE HOLDINGS INC SPON 20,675 20,675
TOKYO ELECTRON LTD ADR 21,062 21,062
TOPBUILD CORP 27,398 27,398
TORM PLC 45,746 45,746
TORO CO 20,506 20,506
TOTALENERGIES SE SPON ADR 25,288 25,288
TRANE TECHNOLOGIES PLC 29,917 29,917
TRAVELERS COS INC/THE 76,603 76,603
TREASURY WINE ESTATES LTD SPON 9,535 9,535
TRIP COM GROUP LTD SPON ADR 30,004 30,004
UBER TECHNOLOGIES INC 95,547 95,547
UBS GROUP AG 29,228 29,228
UNICREDIT SPA UNSPONSORED ADR 73,127 73,127
UNITEDHEALTH GROUP INC 93,584 93,584
UNIVERSAL DISPLAY CORP 49,854 49,854
US BANCORP DEL (NEW) 46,012 46,012
VALE SA-SP SPON ADR 18,476 18,476
VEOLIA ENVIRONNEMENT SPON ADR 55,090 55,090
VERALTO CORP 166,830 166,830
VERISK ANALYTICS INC 78,498 78,498
VINCI S.A ADR 26,180 26,180
VISA INC CL A 254,096 254,096
WALT DISNEY CO (HOLDING CO) 30,733 30,733
WATERS CORP 48,227 48,227
WATSCO INC 83,405 83,405
WATTS WATER TECHNOLOGIES INC 24,803 24,803
WEC ENERGY GROUP INC COM 66,298 66,298
WEST PHARMACEUTICAL SERVICES 101,871 101,871
WILLIAMS COS INC (DEL) 135,895 135,895
WILLIAMS SONOMA INC 41,110 41,110
WOLTERS KLUWER NV SPONSORED 17,168 17,168
WORKDAY INC CL A 89,020 89,020
XPO INC 77,772 77,772
ZEBRA TECHNOLOGIES CORP CL A 123,590 123,590
ZURN ELKAY WATER SOLUTION CORP 76,614 76,614
ACCRUED INTEREST 13,451 13,451

TY 2024 InvestmentsGovtObligationsSch
Name:
CARES FOUNDATION
EIN:
45-2544055
US Government Securities - End of Year Book Value:

3,037,775
US Government Securities - End of Year Fair Market Value:

3,037,775
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 OtherExpensesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 7,609 0   7,609
OTHER EXPENSES 694 0   694
WEB SERVICES 3,005 0   3,005
OFFICE SUPPLIES 120 0   120
ADMINISTRATIVE EXPENSES 2,053 0   2,053


TY 2024 OtherIncreasesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Description Amount
UNREALIZED GAIN ON INVESTMENTS 1,706,000


TY 2024 OtherLiabilitiesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Description Beginning of Year - Book Value End of Year - Book Value
ACCRUED EXCISE TAX 33,379 14,990


TY 2024 OtherProfessionalFeesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 172,594 172,594   0
CONSULTANT FEES 153,271 0   153,271


TY 2024 TaxesSchedule
Name:
CARES FOUNDATION
EIN:
45-2544055
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 12,111 0   0
STATE FILING FEES 200 0   200