TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
THE VOLCKER FAMILY FOUNDATION INC
FAIRFIELD-MAXWELL LTD

Number and street (or P.O. box number if mail is not delivered to street address)60 EAST 42ND STREET 55 FL
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10165

A Employer identification number

13-3917327

B Telephone number (see instructions)

(212) 297-9030

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$29,509,101J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	197,908		197,908
4	Dividends and interest from securities...	508,690		508,690
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,588,879
b	Gross sales price for all assets on line 6a 15,529,046
7	Capital gain net income (from Part IV, line 2)...			1,588,879
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).......	List of Attached Documents: // Content	37,053	37,053
12	Total. Add lines 1 through 11........	2,332,530		2,332,530
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).......	List of Attached Documents: // Content	10,495	5,248	5,247
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	139,645	139,645	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	2,306	0	2,306
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	152,446		144,893	7,553
25	Contributions, gifts, grants paid.......	1,040,807			1,040,807
26	Total expenses and disbursements. Add lines 24 and 25	1,193,253		144,893	1,048,360
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,139,277
b	Net investment income (if negative, enter -0-)			2,187,637
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	206,603	55,239	55,239
	2	Savings and temporary cash investments.........	266,500	253,172	253,172
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	14,440,841	List of Attached Documents: // Content 11,178,698	13,177,330
	c	Investments—corporate bonds (attach schedule).......	5,090,564	List of Attached Documents: // Content 5,257,542	5,281,908
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	6,033,020	List of Attached Documents: // Content 10,432,154	10,741,452
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	26,037,528	27,176,805	29,509,101
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	26,037,528	27,176,805
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	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).....	26,037,528	27,176,805
	30	Total liabilities and net assets/fund balances (see instructions).	26,037,528	27,176,805

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

26,037,528

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

1,139,277

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

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

27,176,805

Decreases not included in line 2 (itemize) right arrow

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

27,176,805

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	PUBLICLY TRADED SECURITIES
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	15,529,046	13,940,167	1,588,879
b
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			1,588,879
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,588,879
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	30,408
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	30,408
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	30,408
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	16,690
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	30,408
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	0
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

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

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

ANTHONY DOWD Telephone no. right arrow

(212) 297-9030

Located at right arrow

60 EAST 42ND STREET 55 FLNEW YORKNY ZIP+4 right arrow

10165

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

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

1a(4)

Yes

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

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

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ANKE M DENING-VOLCKER	PRESIDENT 0.50	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	PRESIDENT 0.50	0	0	0
ANTHONY J DOWD	SECRETARY AND TREASURER 1.00	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	SECRETARY AND TREASURER 1.00	0	0	0
ERNESTO V LUZZATTO	ASSISTANT SECRETARY AND TREASURER 1.00	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	ASSISTANT SECRETARY AND TREASURER 1.00	0	0	0
JAMES P VOLCKER	DIRECTOR 0.50	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	DIRECTOR 0.50	0	0	0
JANICE VOLCKER ZIMA	DIRECTOR 0.50	0	0	0
VFF 60 EAST 42ND STREET 55 FL NEW YORK,NY10165	DIRECTOR 0.50	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

28,716,292

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

459,027

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

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

29,175,319

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

29,175,319

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

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

437,630

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

28,737,689

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

1,436,884

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

1,436,884

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

30,408

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

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

30,408

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

1,406,476

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

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

1,406,476

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

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

1,406,476

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,048,360

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,048,360

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				1,406,476
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			314,559
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: $ 1,048,360
a Applied to 2023, but not more than line 2a			314,559
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.....				733,801
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 ..........				672,675
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)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ISLES INC 10 WOOD STREET TRENTON,NJ08618		PC	TO ASSIST THE START UP OF THE SOCIAL NONPROFIT CENTER	50,807
THE VOLCKER ALLIANCE 560 LEXINGTON AVENUE 16B NEW YORK,NY10022		PC	FOR SUPPORT OF THE PAUL A. VOLCKER FUND	800,000
YALE UNIVERSITY 157 CHURCH ST NEW HAVEN,CT06521		PC	TO PROVIDE ANNUAL SCHOLARSHIPS FOR MASTERS IN SYSTEMIC RISK CANDIDATES, AND AN ANNUAL PAUL A. VOLCKER LEADERSHIP AWARD TO A DESERVING GRADUATE.	90,000
RENSSELAER POLYTECHNIC INSTITUTE 110 8TH ST TROY,NY12180		PC	TO SUPPORT THE ENDOWMENT FOR THE PAUL A. VOLCKER SR., CLASS OF 1911, SCHOLARSHIP FUND.	100,000
Total ................................. 3a				1,040,807

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	197,908
4 Dividends and interest from securities ....			14	508,690
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14	37,053
8 Gain or (loss) from sales of assets other than inventory ............			18	1,588,879
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		2,332,530	0

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

2,332,530

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	10,495	5,248		5,247

- TIN:

TY 2024 GeneralExplanationAttachment

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Identifier	Return Reference	Explanation
AMENDED RETURN	FORM 990PF	THE 2024 FORM 990PF HAS BEEN AMENDED IN ORDER TO RESUBMIT TO THE IRS TO INCLUDE 2025 QUARTERLY ESTIMATED TAX PAYMENTS TO BE MADE ELECTRONCIALLY.

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CENCORA INC	36,507	36,884
AMPHENOL CORP	75,762	79,614
CHUBB INA HOLDINGS LLC	66,212	66,778
ANALOG DEVICES INC	41,135	41,817
FL PWR & LT CO	33,811	33,839
ALTRIA GROUP INC	29,941	31,726
INTERCONTINENTALEXCHANGE	32,057	31,867
TRUIST FINL CORP	33,044	32,846
EIDP INC	68,597	68,892
ABBOTT LABORATORIES	53,973	53,760
CATERPILLAR FINL SVC	33,030	32,868
RLTY INCOME CORP	100,058	99,939
VA ELEC & PWR CO	101,828	103,434
PUB STORAGE OP CO	33,682	35,508
TYCO ELECTRONICS GROUP S	33,016	32,640
PHILIP MORRIS INTL INC	31,170	31,312
ELECTR ARTS INC	32,379	32,007
NVIDIA CORP	77,523	78,447
RTX CORP	51,548	53,242
ANALOG DEVICES INC	33,060	32,393
TARGET CORP	32,863	33,299
GOLDMAN SACHS GROUP INC	26,804	27,477
MASTERCARD INC	40,835	39,985
TORONTO-DOMINION BK	74,654	75,248
PROLOGIS LP	28,111	29,370
VISA INC	33,636	34,041
AON CORP/AON GLOBAL HOLD	50,655	51,626
PAYPAL HOLDINGS INC	33,141	32,529
AMAZON.COM INC	33,273	34,302
INTUIT INC	100,997	106,093
COMCAST CORP	66,659	66,259
GEN DYNAMICS CORP	54,692	56,944
BK OF AMER CORP	28,730	29,448
CHEVRON USA INC	34,225	33,538
ECOLAB INC	76,660	76,384
APPLE INC	32,846	33,460
ELEVANCE HEALTH INC	79,261	78,180
WELLS FARGO & CO	99,190	101,842
SALESFORCE INC	68,897	68,167
ASTRAZENECA FIN LLC	33,293	33,572
MORGAN STANLEY	81,130	81,966
DUKE ENERGY PROGRESS LLC	20,736	20,230
INTERCONTINENTALEXCHANGE	29,381	29,767
BP CAP MARKETS PLC	107,500	107,748
AON CORP	33,204	32,515
UN PAC CORP	32,700	31,667
DUKE ENERGY PROGRESS LLC	40,076	40,761
CITIGROUP INC	62,421	63,061
PUB STORAGE OP CO	41,124	41,520
UNITEDHEALTH GROUP INC	33,561	31,878
ENTERPRISE PRODUCTS OPER	48,504	50,248
BK OF NY MELLON CORP	78,640	78,961
WALT DISNEY COMPANY/THE	33,967	33,791
THERMO FISHER SCIENTIFIC	26,907	27,278
DH EUROPE FIN II	80,502	81,399
S&P GLOBAL INC	101,900	103,346
PNC FINL SERVICES	40,526	40,850
ECOLAB INC	32,483	31,038
NVIDIA CORP	31,469	31,158
PROLOGIS LP	33,556	33,241
COSTCO WHSL CORP	29,795	29,955
CAMDEN PPTY TR	54,716	56,539
LINDE INC/CT	33,356	33,880
AUTOMATIC DATA PROCESSNG	73,014	73,090
GILEAD SCIENCES INC	35,815	36,799
COMCAST CORP	32,553	30,858
ALLSTATE CORP	58,744	61,066
MID-AMERICA APARTMENTS	68,695	69,986
AMGEN INC	54,634	55,343
PEPSICO INC	33,672	32,658
ST STR CORP	103,974	106,302
COCA-COLA CO/THE	33,084	32,388
UN PAC CORP	77,976	77,697
RTX CORP	60,653	61,356
WALMART INC	55,934	55,924
BK OF NY MELLON CORP	32,904	31,408
BK OF AMER CORP	84,983	85,959
MORGAN STANLEY	28,968	30,264
UNITEDHEALTH GROUP INC	76,503	75,383
LOCKHEED MARTIN CORP	33,041	30,653
PEPSICO INC	77,658	74,771
META PLATFORMS INC	96,582	104,087
WALMART INC	55,560	52,963
CHURCH & DWIGHT CO INC	99,995	96,866
LOCKHEED MARTIN CORP	79,481	75,794
WASTE CONNECTIONS INC	84,504	89,230
GOLDMAN SACHS GROUP INC	79,763	79,756
HONEYWELL INTL	51,841	49,731
ASTRAZENECA FIN LLC	102,472	98,831
BK OF AMER CORP	57,696	58,920
ANHEUSER-BUSCH INBEV WOR	76,341	78,433
ENTERGY AR LLC	68,074	70,432
CSX CORP	45,310	45,074
CISCO SYS INC	100,415	99,639
CADENCE DESIGN SYS INC	100,794	95,873

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AIR LEASE CORP	43,909	45,896
ALLISON TRANSMISSION HOLDING	20,389	36,740
ATLAS ENERGY SOLUTIONS INC	46,084	47,399
BROOKFIELD INFRASTRUCTURE A	43,909	47,492
BRUNSWICK CORP	43,284	35,057
BWX TECHNOLOGIES INC	31,382	47,452
CABOT CORP	40,491	42,459
CASEY'S GENERAL STORES INC	31,809	39,227
CHEMED CORP	48,079	46,622
CHESAPEAKE UTILITIES CORP	35,132	37,012
CLEAR SECURE INC -CLASS A	28,799	29,251
COGNEX CORP	40,341	34,246
COHEN & STEERS INC	40,412	52,726
CONCENTRIX CORP	50,222	33,880
CRA INTERNATIONAL INC	40,656	50,731
ENCOMPASS HEALTH CORP	54,149	66,584
ENSIGN GROUP INC/THE	60,297	74,003
EXP WORLD HOLDINGS INC	28,618	25,241
FEDERAL AGRIC MTG CORP-CL C	42,729	55,540
FIRSTSERVICE CORP	32,777	38,738
HAMILTON LANE INC-CLASS A	43,981	67,215
HEALTHSTREAM INC	11,779	12,084
HEXCEL CORP	45,833	41,319
HOME BANCSHARES INC	43,285	52,214
INSPERITY INC	26,474	19,378
IRADIMED CORP	19,604	25,025
KFORCE INC	32,395	29,654
KINSALE CAPITAL GROUP INC	32,684	45,118
KULICKE & SOFFA INDUSTRIES	38,140	37,888
LAKELAND FINANCIAL CORP	46,902	49,851
LANDSTAR SYSTEM INC	37,623	36,778
LEMAITRE VASCULAR INC	43,497	61,550
LITTELFUSE INC	36,853	35,112
MATADOR RESOURCES CO	32,013	34,262
MATERION CORP	40,069	38,761
MSA SAFETY INC	30,349	29,010
NAPCO SECURITY TECHNOLOGIES	49,436	41,214
NEXPOINT RESIDENTIAL	34,930	36,323
NEXSTAR MEDIA GROUP INC	44,484	39,966
NORTHERN OIL AND GAS INC	45,538	47,193
PATRICK INDUSTRIES INC	28,626	28,496
PERRIGO CO PLC	46,631	37,202
POWER INTEGRATIONS INC	50,695	41,771
PRICESMART INC	39,209	43,136
QUAKER CHEMICAL CORPORATION	40,243	30,404
SCHNEIDER NATIONAL INC-CL B	35,965	45,062
SENSATA TECHNOLOGIES HOLDING	40,020	26,742
SHOE CARNIVAL INC	36,904	37,546
SHUTTERSTOCK INC	44,788	28,772
STANDEX INTERNATIONAL CORP	44,328	54,788
TERRENO REALTY CORP	37,877	38,323
TETRA TECH INC	35,175	35,179
TRAVEL + LEISURE CO	37,539	43,841
U.S. PHYSICAL THERAPY INC	49,499	45,686
UFP INDUSTRIES INC	30,755	32,781
UMH PROPERTIES INC	42,585	50,674
UNIFIRST CORP/MA	35,482	34,047
UNIVERSAL DISPLAY CORP	34,851	32,310
UTZ BRANDS INC	51,540	46,401
VALMONT INDUSTRIES	35,349	43,240
WINGSTOP INC	40,584	41,493
WINMARK CORP	22,597	23,977
WYNDHAM HOTELS & RESORTS INC	29,377	40,014
ABBVIE INC	87,089	96,491
ALPHABET INC-CL C	196,922	218,244
AMAZON.COM INC	271,084	317,238
AMERICAN EXPRESS CO	60,497	75,978
APPLE INC	293,627	391,406
ARTHUR J GALLAGHER & CO	56,895	65,286
ASML HOLDING NV-NY REG SHS	42,673	35,347
BANK OF AMERICA CORP	69,377	80,429
BOOKING HOLDINGS INC	91,645	124,211
BOSTON SCIENTIFIC CORP	70,020	85,569
BRISTOL-MYERS SQUIBB CO	58,550	72,397
BROADCOM INC	89,079	86,940
CADENCE DESIGN SYS INC	37,704	36,957
CONOCOPHILLIPS	101,008	81,419
COSTCO WHOLESALE CORP	52,883	63,223
EATON CORP PLC	82,019	82,304
ELI LILLY & CO	53,107	53,268
EXXON MOBIL CORP	144,112	132,634
FISERV INC	73,460	94,699
HILTON WORLDWIDE HOLDINGS IN	48,967	60,307
HONEYWELL INTERNATIONAL INC	36,991	42,241
INGERSOLL RAND INC	44,973	45,140
INTUITIVE SURGICAL INC	41,185	56,372
LINDE PLC	92,273	90,014
LOWE'S COS INC	38,504	40,969
MARTIN MARIETTA MATERIALS	77,901	67,145
MASTERCARD INC - A	149,971	174,295
MCDONALD'S CORP	89,244	94,214
META PLATFORMS INC-CLASS A	213,628	265,236
MICROSOFT CORP	421,943	431,195
MONDELEZ INTERNATIONAL INC-A	50,214	42,229
MONSTER BEVERAGE CORP	31,278	30,275
MORGAN STANLEY	76,431	99,445
NEXTERA ENERGY INC	61,888	59,001
NORFOLK SOUTHERN CORP	57,761	58,675
NVIDIA CORP	294,843	439,800
NXP SEMICONDUCTORS NV	70,448	57,574
OLD DOMINION FREIGHT LINE	44,550	42,865
OTIS WORLDWIDE CORP	69,629	62,697
PEPSICO INC	75,673	64,626
PROGRESSIVE CORP	98,520	109,262
REGENERON PHARMACEUTICALS	54,024	39,890
S&P GLOBAL INC	50,841	59,266
SALESFORCE INC	84,995	104,311
SHERWIN-WILLIAMS	31,566	28,214
STRYKER CORP	53,567	58,688
TEXAS INSTRUMENTS INC	76,607	78,004
THE SOUTHERN COMPANY	81,141	84,460
THERMO FISHER SCIENTIFIC INC	49,128	44,220
TJX COMPANIES INC	36,670	45,183
UNITEDHEALTH GROUP INC	158,863	159,346
WALT DISNEY CO/THE	60,159	58,459
WASTE CONNECTIONS INC	46,066	47,699
WELLS FARGO & CO	87,533	101,146
ADYEN NV-UNSPON ADR	34,704	42,470
AON PLC-CLASS A	19,419	30,529
ARCH CAPITAL GROUP LTD	40,897	53,194
ASM INTERNATIONAL-NY REG SHS	22,270	34,718
ASML HOLDING NV-NY REG SHS	38,653	44,357
ASTRAZENECA PLC-SPONS ADR	61,800	59,558
ATLASSIAN CORP-CL A	32,338	43,565
BAE SYSTEMS PLC -SPON ADR	36,582	40,298
CANADIAN NATURAL RESOURCES	33,610	31,302
CANADIAN PACIFIC KANSAS CITY	50,717	49,646
COMPASS GROUP PLC-SPON ADR	30,710	37,352
COUPANG INC	45,441	44,971
EXPERIAN PLC-SPONS ADR	24,410	29,526
FERGUSON ENTERPRISES INC	27,838	32,978
FERRARI NV	33,508	70,099
ICICI BANK LTD-SPON ADR	31,475	42,312
ICON PLC	62,820	56,202
LINDE PLC	35,525	44,379
MEITUAN - UNSP ADR	61,590	50,531
MERCADOLIBRE INC	24,425	32,308
MITSUBISHI HEAVY INDUSTRIES	47,136	55,093
MONDAY.COM LTD	36,530	38,141
NOVO-NORDISK A/S-SPONS ADR	53,037	77,418
NU HOLDINGS LTD/CAYMAN ISL-A	33,077	30,645
ROLLS-ROYCE HOLDINGS-SP ADR	58,288	56,217
SAFRAN SA-UNSPON ADR	61,160	72,322
SAP SE-SPONSORED ADR	71,487	70,416
SCHNEIDER ELECT SE-UNSP ADR	27,299	43,187
SEA LTD-ADR	49,807	72,891
SIEMENS ENERGY AG-UNSP ADR	42,465	49,424
SPOTIFY TECHNOLOGY SA	44,074	67,554
STERIS PLC	40,283	41,934
TAIWAN SEMICONDUCTOR-SP ADR	70,517	96,770
UBS GROUP AG-REG	38,446	37,779
WASTE CONNECTIONS INC	24,253	29,340
3I GROUP PLC-UNSPON ADR	48,760	56,161
ALLSTATE CORP PFD	13,062	10,831
ALLY FINL INC	26,325	24,262
AMERN INTL GROUP	15,999	13,909
APOLLO GLOBAL MANAGEMENT	6,518	6,623
ASPEN INSURANCE HLDG LTD	11,392	10,504
AT&T INC	25,127	19,552
ATHENE HOLDING LTD	25,491	22,805
ATHENE HOLDING LTD PFD	17,758	15,103
BK OF AMER CORP	64,223	67,163
BK OF AMER CORP	40,022	40,263
BP CAP MARKETS PLC	10,088	10,273
CAP ONE FINL CO	49,093	45,654
CHARLES SCHWAB CORP	96,526	87,150
CHARLES SCHWAB CORP	18,604	18,129
CITIGROUP INC	22,106	22,665
CITIGROUP INC	17,068	17,711
CITIGROUP INC	76,940	67,032
CITIGROUP INC	20,025	20,372
CITIGROUP INC	10,080	10,546
COREBRIDGE FINANCIAL INC PFD	9,345	9,559
DISCOVER FINL SVS	44,058	40,883
DISCOVER FINL SVS	17,376	14,918
DOMINION ENERGY INC	23,172	23,383
EDISON INTL	26,047	27,292
ENBRIDGE INC	10,050	10,279
ENBRIDGE INC	34,506	30,935
ENTERGY CORP	13,032	13,250
FIFTH THIRD BANCORP PFD	24,238	22,054
GEN MOTORS FINL CO	18,483	15,549
GEN MOTORS FINL CO	80,818	70,930
GOLDMAN SACHS GROUP INC	37,296	39,023
GOLDMAN SACHS GROUP INC	80,924	71,459
GOLDMAN SACHS GROUP INC PFD	20,100	20,864
GOLDMAN SACHS GROUP INC	32,304	31,588
HUNTINGTON BANCSHARES	80,374	68,316
KEYCORP PFD	11,990	11,707
KEYCORP	45,336	39,692
M&T BK CORP	20,480	18,880
MORGAN STANLEY	27,538	24,598
MORGAN STANLEY	49,412	43,774
NEXTERA ENERGY CAP	12,067	12,294
PNC FINL SERVICES	42,938	44,914
PNC FINL SERVICES	29,056	29,125
PRUDENTIAL FINL INC	13,072	13,370
REGIONS FINANCIAL CORP	10,396	9,211
REGIONS FINANCIAL CORP PFD	23,953	24,928
SEMPRA	23,109	23,257
SEMPRA	18,976	18,851
SEMPRA	26,332	23,688
ST STR CORP	41,174	41,810
TRANSCANADA TR	24,406	28,447
TRUIST FINL CORP	35,248	32,821
TRUIST FINL CORP	71,487	69,593
US BANCORP	24,311	25,636
VOYA FINANCIAL INC PFD	35,026	28,108
WELLS FARGO & CO	29,218	30,773
WELLS FARGO & CO	29,278	26,951
WELLS FARGO & CO	63,909	66,070
WELLS FARGO & CO	36,180	37,157
ENERGY SELECT SECTOR SPDR	398,733	365,768
NESTLE SA-REG	0	1,193,422
ADJ - PENDING PURCHASES	1,470	1,470

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
JPM GRWTH ADVANTAGE FD - CL I	FMV	3,364,435	3,960,597
JPM MANAGED INCOME FD - USD - L	FMV	4,702,212	4,698,234
JPMORGAN REALTY INCOME ETF	FMV	2,097,020	1,814,134
JPM 100% US TREAS FD - PREMIER	FMV	268,487	268,487

- TIN:

TY 2024 OtherExpensesSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MISCELLANEOUS EXPENSES	2,306	0		2,306

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INVESTMENT INCOME	34,809	34,809	34,809
MISCELLANEOUS INCOME	2,244	2,244	2,244

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

THE VOLCKER FAMILY FOUNDATION INC

FAIRFIELD-MAXWELL LTD

EIN:

13-3917327

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	139,645	139,645		0