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
MARY K GARR SCHOLARSHIP FOUNDATION TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)200 EAST JACKSON STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MUNCIE, IN47305
A Employer identification number

35-1938040
B Telephone number (see instructions)

(765) 747-1500
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$2,126,406J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 61,111 61,090  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 735,359
b Gross sales price for all assets on line 6a 1,223,666
7 Capital gain net income (from Part IV, line 2)... 735,359
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 796,470 796,449  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 24,955 7,486   17,468
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,230 0 0 2,230
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
509 509   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 27,694 7,995 0 19,698
25 Contributions, gifts, grants paid....... 80,871 80,871
26 Total expenses and disbursements. Add lines 24 and 25 108,565 7,995 0 100,569
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 687,905
b Net investment income (if negative, enter -0-) 788,454
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 379    
2 Savings and temporary cash investments......... 141,505 44,864 44,864
3 Accounts receivable right arrow669
Less: allowance for doubtful accounts right arrow   780 669 669
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment
List of Attached Documents:
// Content
199,525 		191,661
b Investments—corporate stock (attach schedule)....... 579,694 Click to see attachment
List of Attached Documents:
// Content
856,699 		1,078,445
c Investments—corporate bonds (attach schedule)....... 517,343 Click to see attachment
List of Attached Documents:
// Content
824,454 		810,767
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)..........     0
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) 1,239,701 1,926,211 2,126,406
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,239,701 1,926,211
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)..... 1,239,701 1,926,211
30 Total liabilities and net assets/fund balances (see instructions). 1,239,701 1,926,211
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
1,239,701
2
Enter amount from Part I, line 27a .....................
2
687,905
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,927,606
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,395
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,926,211
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 252. S&P MID-CAP 400 GROWTH ETF ISHARES   2010-12-08 2024-01-02
b 175. S&P MID-CAP 400 VALUE ETF ISHARES   2010-04-01 2024-01-02
c 39. S&P 400 MID-CAP ETF SPDR   2005-01-26 2024-01-02
d 63. AMERICAN WATER CO INC COM   2020-04-29 2024-01-26
e 177. PFIZER INC COM   2016-03-18 2024-01-26
24. PUBLIC STORAGE INC. CLASS A REIT   2022-06-13 2024-02-22
134. REALTY INCOME CORP REIT   2020-10-08 2024-02-22
26. BERKSHIRE HATHAWAY CL B COM   2022-08-26 2024-07-01
225. GRACO INC COM   2016-09-20 2024-07-23
141. ABBOTT LABS COM   2018-02-12 2024-09-17
100. AMERIPRISE FINANCIAL COM   2013-08-01 2024-09-17
6. AMETEK INC COM   2023-06-30 2024-09-17
276. AMPHENOL CORPORATION COM   2008-04-18 2024-09-17
7. ANSYS, INC. COM   2023-09-28 2024-09-17
121. AUTOMATIC DATA PROCESSING COM   2006-12-01 2024-09-17
146. BROADCOM INC NPV COM   2020-06-09 2024-09-17
337. BROWN & BROWN INC COM   2014-03-07 2024-09-17
273. CISCO SYSTEMS COM   2016-12-01 2024-09-17
13. COSTCO WHOLESALE CORP COM   2015-07-06 2024-09-17
47. CUMMINS INC COM   2018-02-12 2024-09-17
81. DANAHER CORP COM   2016-09-20 2024-09-17
27. DISNEY WALT COMPANY COM   2020-10-29 2024-09-17
1. META PLATFORMS INC   2024-03-14 2024-09-17
125. JACK HENRY & ASSOCIATES COM   2008-04-18 2024-09-17
40. HOME DEPOT INC COM   2017-04-19 2024-09-17
85. HONEYWELL INTL INC COM   2024-07-24 2024-09-17
18. HONEYWELL INTL INC COM   2015-09-23 2024-09-17
750. S&P MID-CAP 400 GROWTH ETF ISHARES   2010-12-08 2024-09-17
593. S&P MID-CAP 400 VALUE ETF ISHARES   2010-04-01 2024-09-17
287. S&P SMALL CAP 600 CORE ETF ISHARES   2009-02-12 2024-09-17
312. S&P SMALL CAP 600 VALUE ETF ISHARES   2010-04-01 2024-09-17
236. S&P SMALL CAP 600 GROWTH ETF ISHARES   2011-09-06 2024-09-17
94. JOHNSON & JOHNSON COM   2022-10-13 2024-09-17
9. LILLY ELI & CO COM   2017-01-11 2024-09-17
2. LOCKHEED MARTIN CORP COM   2020-05-13 2024-09-17
74. LOWE'S COMPANIES INC COM   2017-01-10 2024-09-17
2. MCDONALDS CORP COM   2023-03-08 2024-09-17
39. MICROSOFT CORP COM   2018-02-12 2024-09-17
53. PEPSICO INC COM   2004-12-02 2024-09-17
140. T. ROWE PRICE GROUP INC COM   2011-10-26 2024-09-17
90. PROCTER & GAMBLE CO COM   2004-12-02 2024-09-17
123. RAYTHEON TECHNOLOGIES COM   2020-04-17 2024-09-17
96.072 T ROWE PRICE BLUE CHIP GTH   2020-03-25 2024-09-17
2. S&P GLOBAL INC COM   2021-04-08 2024-09-17
142. S&P 400 MID-CAP ETF SPDR   2005-01-26 2024-09-17
44. SCHLUMBERGER LTD COM   2023-06-01 2024-09-17
280. COMM SERVICES SPDR   2020-03-26 2024-09-17
239. REAL ESTATE SELECT SEC ETF   2024-02-22 2024-09-17
3. SERVICE NOW INC COM   2022-12-22 2024-09-17
75. STRYKER CORP COM   2006-08-04 2024-09-17
19. TJX COS INC NEW COM   2023-04-24 2024-09-17
33. UNITEDHEALTH GROUP INC COM   2022-10-13 2024-09-17
337.109 VANGUARD INTL GROWTH ADMIRAL SHARES   2008-10-30 2024-09-17
60. VANGUARD INFO TECH ETF   2017-04-19 2024-09-17
133. WAL MART STORES INC COM   2015-09-17 2024-09-17
54. ACCENTURE PLC ADR   2010-07-07 2024-09-17
98. CHUBB LIMITED ADR   2017-05-12 2024-09-17
110. MICROCHIP TECHNOLOGY COM   2024-09-17 2024-10-30
5. COSTCO WHOLESALE CORP COM   2015-07-06 2024-11-04
15. PEPSICO INC COM   2004-12-02 2024-11-04
50. WAL MART STORES INC COM   2015-09-17 2024-11-04
85. ALLIANT CORP COM   2024-09-17 2024-11-15
97. EDWARDS LIFESCIENCES CORP COM   2024-09-17 2024-11-15
100000. INTEL CORP 3.750% DUE 08/05/27*   2022-11-03 2024-12-12
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 19,734   6,264 13,470
b 19,882   6,302 13,580
c 19,651   4,545 15,106
d 7,749   7,849 -100
e 4,864   4,968 -104
6,907   7,185 -278
7,049   8,232 -1,183
10,500   7,712 2,788
18,488   5,533 12,955
16,632   8,099 8,533
45,086   9,088 35,998
1,014   974 40
17,583   2,073 15,510
2,228   2,086 142
33,826   4,572 29,254
23,589   4,633 18,956
34,761   5,208 29,553
13,830   8,064 5,766
11,691   1,776 9,915
14,087   7,825 6,262
22,039   4,957 17,082
2,508   3,229 -721
534   491 43
21,937   3,330 18,607
15,330   5,919 9,411
17,371   18,256 -885
3,678   1,621 2,057
67,943   18,643 49,300
72,262   21,353 50,909
33,204   5,451 27,753
33,445   10,079 23,366
32,362   7,903 24,459
15,660   12,555 3,105
8,126   670 7,456
1,134   729 405
19,033   5,300 13,733
587   528 59
16,944   3,475 13,469
9,383   2,730 6,653
15,078   7,485 7,593
15,803   4,991 10,812
14,553   5,151 9,402
18,034   10,000 8,034
1,042   732 310
79,683   16,548 63,135
1,821   1,992 -171
24,517   12,299 12,218
10,764   9,243 1,521
2,667   1,129 1,538
27,276   3,465 23,811
2,235   1,491 744
19,048   15,562 3,486
37,975   14,668 23,307
33,853   8,079 25,774
10,449   2,867 7,582
18,223   2,097 16,126
28,419   12,441 15,978
8,406   8,454 -48
4,422   683 3,739
2,489   773 1,716
4,134   1,078 3,056
5,175   5,137 38
6,496   6,509 -13
97,289   95,226 2,063
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
      11,184
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       13,470
b       13,580
c       15,106
d       -100
e       -104
      -278
      -1,183
      2,788
      12,955
      8,533
      35,998
      40
      15,510
      142
      29,254
      18,956
      29,553
      5,766
      9,915
      6,262
      17,082
      -721
      43
      18,607
      9,411
      -885
      2,057
      49,300
      50,909
      27,753
      23,366
      24,459
      3,105
      7,456
      405
      13,733
      59
      13,469
      6,653
      7,593
      10,812
      9,402
      8,034
      310
      63,135
      -171
      12,218
      1,521
      1,538
      23,811
      744
      3,486
      23,307
      25,774
      7,582
      16,126
      15,978
      -48
      3,739
      1,716
      3,056
      38
      -13
      2,063
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 735,359
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 10,960
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 10,960
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,960
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,295
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 9,665
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,960
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFIRST MERCHANTS PRIVATE WEALTH, ADVISORS Telephone no.right arrow (765) 747-1500

Located atright arrow200 EAST JACKSON STREETMUNCIEIN ZIP+4right arrow47305
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
FIRST MERCHANTS PRIVATE WEALTH ADVI
ORS 		TRUSTEE
1 		24,955    
200 EAST JACKSON STREET
MUNCIE,IN47305
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
2,035,283
b
Average of monthly cash balances.......................
1b
64,313
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,099,596
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
2,099,596
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
31,494
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,068,102
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
103,405
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
103,405
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
10,960
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,960
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
92,445
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
92,445
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
92,445
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
100,569
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
100,569
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 92,445
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 8,542
d From 2022...... 78,325
e From 2023...... 18,671
f Total of lines 3a through e ........ 105,538
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 100,569
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 92,445
e Remaining amount distributed out of corpus 8,124
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 5 113,662
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		113,662
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 8,542
c Excess from 2022.... 78,325
d Excess from 2023.... 18,671
e Excess from 2024.... 8,124
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
DEBRA BARKER
200 EAST JACKSON STREET
MUNCIE,IN47305
(765) 747-1500
DBARKER@FIRSTMERCHANTS.COM
bThe form in which applications should be submitted and information and materials they should include:
CONTACT FIRST MERCHANTS PRIVATE WEALTH ADVISORS FOR APPLICATION FORMS
cAny submission deadlines:
MARCH 15
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
HIGHLY MOTIVATED STUDENT DEMONSTRATING SUPERIOR ACADEMIC ACHIEVEMENT PURSUING A POST SECONDARY EDUCATION. PREFERECNE GIVEN TO MEDICAL DISCIPLINES.
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

ANDREW SHROCK & MICHIGAN TECH UNIVERSITY

5000 S 750 E
SELMA,IN47383 		NONE I SCHOLARSHIP 7,702

ASHLEIGH BRELAGE & MIAMI UNIVERSITY

2511 W ROYERTON RD
MUNCIE,IN47303 		NONE I SCHOLARSHIP 7,702

CASSANDRA LOMBARDI AND
BALL STATE UNIVERSITY
2000 W UNIVERSITY AVE
MUNCIE,IN47306 		NONE I SCHOLARSHIP 3,851

DAMETRIUS HALL & GRACE COLLEGE

401 N KETTNER DR
MUNCIE,IN47304 		NONE I SCHOLARSHIP 7,702

ELLA PICHE & BALL STATE UNIVERSITY

800 E MAIN ST
MUNCIE,IN47305 		NONE I SCHOLARSHIP 7,702

EMILY HALL & GRACE COLLEGE

8105 N MYERS RD
MUNCIE,IN47303 		NONE I SCHOLARSHIP 7,702

OLIVIA GICK

7109 S HIBISCUS DR
MUNCIE,IN47302 		NONE I SCHOLARSHIP 7,702

JACI KNOTT AND TAYLOR UNIVERSITY

4901 W CONNIE DR
MUNCIE,IN47304 		NONE I SCHOLARSHIP 7,702

LAUREN HUFFMAN-KIMBLE & BALL STATE

UNIVERSITY
GASTON,IN47342 		NONE I SCHOLARSHIP 3,851

LAUREN SMITH AND ANDERSON UNIVERSITY

3500 EAST INDIAN HILL DR
MUNCIE,IN47302 		NONE I SCHOLARSHIP 3,851

SHELBIE CRABTREE & BALL STATE UNIVERSITY

8800 S CR 300 W
MUNCIE,IN47302 		NONE I SCHOLARSHIP 3,851

SYDNEY SMITH & TAYLOR UNIVERSITY

3105 W WOODBRIDGE DR
MUNCIE,IN47304 		NONE I SCHOLARSHIP 7,702

CAITLIN LAFERNEY

104 S BUCKINGHAM RD
Yorktown,IN47396 		NONE I SCHOLARSHIP 3,851
Total .................................right arrow 3a 80,871
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 61,111  
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 ............ 		    18 735,359  
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) ..   796,470  
13Total. Add line 12, columns (b), (d), and (e)..................
13
796,470
(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:
MARY K GARR SCHOLARSHIP FOUNDATION TRUST
EIN:
35-1938040
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 2,230     2,230

TY 2024 InvestmentsCorpBondsSchedule
Name:
MARY K GARR SCHOLARSHIP FOUNDATION TRUST
EIN:
35-1938040
Name of Bond End of Year Book Value End of Year Fair Market Value
AMPNL 4.35% 6/1/29* 98,330 97,964
ATZNCA 4.875 3/3/28* 101,176 100,600
BS BY 4.45% 10/1/28* 49,998 49,187
DOW 4.8% 11/30/28* 99,795 99,440
GS 4.75% 12/29/28 49,959 49,258
LOWES 3.1% 5/3/27 100,436 96,664
NXTRA 5% 2/28/30* 49,739 50,092
RLTY 4.85% 3/15/30* 99,672 99,359
CS 2% 3/20/28* 25,349 22,895
FED TTL RET BD CL R6 100,000 95,501
NORTH ULT-SH FIX INC 50,000 49,807

TY 2024 InvestmentsCorpStockSchedule
Name:
MARY K GARR SCHOLARSHIP FOUNDATION TRUST
EIN:
35-1938040
Name of Stock End of Year Book Value End of Year Fair Market Value
ADOBE SYSTEMS INC 10,855 9,338
ALPHABET CL A 25,710 30,667
AMAZON 22,608 26,546
AMETEK INC 7,954 8,833
AMPHENOL CORPORATION 1,307 22,502
ANSYS, INC. 5,961 6,747
APPLE INC 20,293 23,539
AUTO DATA PROCESSING 1,096 8,489
BLACKROCK 9,949 11,276
BROADCOM INC NPV 3,935 28,748
BROWN & BROWN 10,563 12,344
COMCAST CL A 10,205 9,795
CONOCOPHILLIPS 7,800 7,140
CONSTELLATION ENERGY 4,923 4,922
COPART INC 12,050 13,659
CORTEVA INC 5,409 5,411
COSTCO WHOLESALE 1,639 10,995
CULLEN FROST BANKERS 5,117 6,176
DANAHER CORP 3,759 8,034
DISNEY WALT COMPANY 5,142 4,788
EOG RESOURCES INC 7,011 6,987
META PLATFORMS INC 8,344 9,954
FORTINET 8,877 11,054
HOME DEPOT INC 2,220 5,835
HONEYWELL INTL INC 4,862 12,198
JOHNSON & JOHNSON CO 598 8,677
LAM RESEARCH 11,451 10,835
LILLY ELI & CO, COM 1,117 11,580
LOCKHEED MARTIN 6,922 9,233
LOWE'S COMPANIES 2,865 9,872
MCDONALD'S CORP, COM 7,391 8,117
MICROSOFT CORP 4,900 23,183
NEXTERA ENERGY 6,360 5,377
O'REILLY AUTO 6,750 7,115
PEPSICO INC 1,082 3,193
PROCTER & GAMBLE CO, 1,941 5,868
S&P GLOBAL 7,687 10,459
SCHLUMBERGER LTD 6,609 5,598
CHARLES SCHWAB CORP 8,409 9,769
REAL ESTATE SEL SEC 4,795 5,043
SERVICE NOW INC 6,397 18,022
STRYKER CORP 2,079 16,202
TJX COS INC 7,140 10,994
TEXAS INSTRS INC 8,390 7,875
UNITEDHEALTH GROUP 6,633 10,623
VANECK SEMICONDUCTOR ETF 18,132 17,678
VISA 14,573 15,802
WAL MART STORES INC 3,169 13,281
ZOETIS INC 6,461 6,028
LINDE PLC 9,886 8,792
VANGUARD S&P 500 ETF 58,864 61,424
ASTRAZENECA 6,584 5,504
ACCENTURE PLC 1,398 12,664
CHUBB LIMITED 3,999 9,947
PZENA EMERGING MKT 21,611 19,764
WCM FOCUSED EMRG MKT 21,611 22,275
MORGAN STANLEY INTL 43,213 42,927
SCHWAB FDMTL INTL LC 86,444 78,146
VANGUARD INTL GR ADM 16,746 39,093
JANUS ENTERPRISE 54,021 51,338
MFS MIDCAP VALUE R6 54,021 48,539
VANGUARD MID-CAP AD 64,828 66,014
VANGUARD SMALLCAP AD 54,033 55,617

TY 2024 InvestmentsGovtObligationsSch
Name:
MARY K GARR SCHOLARSHIP FOUNDATION TRUST
EIN:
35-1938040
US Government Securities - End of Year Book Value:

199,525
US Government Securities - End of Year Fair Market Value:

191,661
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 OtherDecreasesSchedule
Name:
MARY K GARR SCHOLARSHIP FOUNDATION TRUST
EIN:
35-1938040
Description Amount
ADJUSTMENT FOR ACCRUED INTEREST PAID 1,395


TY 2024 TaxesSchedule
Name:
MARY K GARR SCHOLARSHIP FOUNDATION TRUST
EIN:
35-1938040
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 71 71   0
FOREIGN TAXES ON QUALIFIED FOR 368 368   0
FOREIGN TAXES ON NONQUALIFIED 70 70   0