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
MERCK FAMILY FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)131 DARTMOUTH STREET 301
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021165297
A Employer identification number

22-6063382
B Telephone number (see instructions)

(781) 789-6516
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$64,069,737J 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) 82,014
2 Check right arrow.............
3 Interest on savings and temporary cash investments 7,814 7,814  
4 Dividends and interest from securities... 1,063,367 1,311,705  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,998,410
b Gross sales price for all assets on line 6a 27,672,995
7 Capital gain net income (from Part IV, line 2)... 4,107,612
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,791 63,619  
12 Total. Add lines 1 through 11........ 4,153,396 5,490,750  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 336,834 24,577   312,257
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 163,066 11,898   147,974
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
6,750 0   6,750
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
32,022 0   19,322
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
239,265 174,019   65,246
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
105,316 33,963   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 21,048 0   21,048
21 Travel, conferences, and meetings....... 19,814 0   19,814
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
48,521 308,869   13,821
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 972,636 553,326   606,232
25 Contributions, gifts, grants paid....... 4,624,836 3,204,836
26 Total expenses and disbursements. Add lines 24 and 25 5,597,472 553,326   3,811,068
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,444,076
b Net investment income (if negative, enter -0-) 4,937,424
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 192,502 252,113 252,113
2 Savings and temporary cash investments......... 2,082,443 1,498,002 1,498,002
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 125,227 67,736 67,736
10a Investments—U.S. and state government obligations (attach schedule) 4,896,626 Click to see attachment
List of Attached Documents:
// Content
3,425,406 		3,425,406
b Investments—corporate stock (attach schedule)....... 22,664,547 Click to see attachment
List of Attached Documents:
// Content
24,524,256 		24,524,256
c Investments—corporate bonds (attach schedule)....... 3,891,114 Click to see attachment
List of Attached Documents:
// Content
2,629,875 		2,629,875
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).......... 28,487,827 Click to see attachment
List of Attached Documents:
// Content
31,532,787 		31,532,787
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
86,485 		Click to see attachment
List of Attached Documents:
// Content
139,562 		Click to see attachment
List of Attached Documents:
// Content
139,562
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 62,426,771 64,069,737 64,069,737
Liabilities 17 Accounts payable and accrued expenses.......... 8,765 12,702
18 Grants payable................. 155,000 1,575,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
278,000 		Click to see attachment
List of Attached Documents:
// Content
306,000
23 Total liabilities (add lines 17 through 22)......... 441,765 1,893,702
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........... 61,985,006 62,176,035
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 61,985,006 62,176,035
30 Total liabilities and net assets/fund balances (see instructions). 62,426,771 64,069,737
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
61,985,006
2
Enter amount from Part I, line 27a .....................
2
-1,444,076
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,663,105
4
Add lines 1, 2, and 3 ..........................
4
62,204,035
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
28,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
62,176,035
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 PUBLICLY TRADED SECURITIES      
b PHILAIMPACT REINVESTMENT FUND 1.50% 12/31/23 300,000 QTY P 2020-11-12 2024-01-16
c BROWN ADVISORY SUSTAINABLE GROWTH FUND (BAFWX) 936.000 SHARES D 2019-12-23 2024-08-20
d T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS (TRLGX) 9.221 SHARES D 2023-12-15 2024-02-21
e T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS (TRLGX) 445.995 SHARES D 2009-03-03 2024-02-21
THRU SCHEDULE K-1S, NET OF UBI 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 27,289,260   24,292,571 2,996,689
b 300,000   300,000 0
c 51,498   26,405 25,093
d 653   598 55
e 31,584   3,975 27,609
      1,058,166
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       2,996,689
b       0
c       25,093
d       55
e       27,609
      1,058,166
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 4,107,612
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 68,630
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 68,630
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 68,630
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 128,384
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.............. 7 128,384
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 59,754
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow59,754 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA, MA, NJ
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowJAMES MAGUIRE CFO Telephone no.right arrow (781) 789-6516

Located atright arrow131 DARTMOUTH STREET SUITE 301BOSTONMA ZIP+4right arrow021165297
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)
Yes
 
(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
 
No
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
GEORGE WHITRIDGE TRUSTEE, PRESIDENT
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
KATHARINE MATYS TRUSTEE, VICE PRESIDENT
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
SERENA WHITRIDGE TRUSTEE, SECRETARY
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
FREDERICK MORGAN WHITRIDGE TRUSTEE, TREASURER
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
NATHANIEL CHAMBERLIN TRUSTEE
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
OONA COY TRUSTEE (BEGAN 02/4/2024)
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
IAN HATCH TRUSTEE
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
WILHELM MERCK TRUSTEE
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
WILHELM MERCK JR TRUSTEE (THRU 02/04/2024)
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
RUTH GOLDMAN EXECUTIVE DIRECTOR
40.00 		182,126 77,509 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
JAMES A MAGUIRE CHIEF FINANCIAL OFFICER
40.00 		154,708 59,114 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
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
PATHSTONE FAMILY OFFICE INVESTMENT ADVISORY 106,250
3333 PIEDMOND ROAD NE SUITE 2000
ATLANTA,GA30305
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
62,792,390
b
Average of monthly cash balances.......................
1b
1,346,738
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
64,139,128
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
64,139,128
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
962,087
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
63,177,041
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,158,852
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
3,158,852
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
68,630
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
68,630
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,090,222
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,090,222
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
3,090,222
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
3,811,068
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,811,068
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 3,090,222
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...... 792,593
b From 2020...... 1,548,357
c From 2021...... 617,130
d From 2022...... 1,391,231
e From 2023...... 1,110,749
f Total of lines 3a through e ........ 5,460,060
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,811,068
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..... 3,090,222
e Remaining amount distributed out of corpus 720,846
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 6,180,906
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) ... 		792,593
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		5,388,313
10 Analysis of line 9:
a Excess from 2020.... 1,548,357
b Excess from 2021.... 617,130
c Excess from 2022.... 1,391,231
d Excess from 2023.... 1,110,749
e Excess from 2024.... 720,846
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MERCK FAMILY FUND ATTN JAMES MAGUIR
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
(781) 789-6516
bThe form in which applications should be submitted and information and materials they should include:
STEP 1 - LETTER OF INQUIRY USING THE ONLINE APPLICATION; STEP 2 - FULL PROPOSAL USING THE ONLINE APPLICATION SYSTEM
cAny submission deadlines:
FEBRUARY 1 AND AUGUST 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS MADE ONLY TO ORGANIZATIONS THAT ARE TAX EXEMPT
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

ACADIA CENTER

PO BOX 583
ROCKPORT,ME04856 		N/A PC ENDORSING ENERGY EFFICIENCY AND PROTECTING PUBLIC HEALTH IN THE SOUTHEAST 75,000

AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY

529 14TH STREET NW
WASHINGTON,DC20045 		N/A PC AQUATIC BIODIVERSITY, ENVIRONMENTAL JUSTICE, AND CLIMATE RESILIENCE IN THE TENNESSEE RIVER BASIN 40,000

BLUEPRINT NC

3125 POPLARWOOD COURT SUITE 300
RALEIGH,NC27604 		N/A PC GENERAL SUPPORT 50,000

BLUEPRINT NC

3125 POPLARWOOD COURT SUITE 300
RALEIGH,NC27604 		N/A PC MEMBERSHIP GRANT 12,500

BOSTON FARMS

487 NORFOLK STREET
MATTAPAN,MA02126 		N/A PC GENERAL SUPPORT 30,000

BRANDEIS

415 SOUTH STREET STOP 110
WALTHAM,MA02453 		N/A PC GENERAL SUPPORT 15,000

CASA PENNSYLVANIA

8151 15TH AVENUE
HYATTSVILLE,MD20783 		N/A PC DEFENDING DEMOCRACY 50,000

CLEAN ENERGY GROUP INC

50 STATE STREET
MONTPELIER,VT05602 		N/A PC MOBILIZING CORPORATE ENERGY USERS TO INCREASE ENERGY EFFICIENCY 80,000

CLEAN WATER FUND

88 BROAD STREET LOWER LEVEL
BOSTON,MA02110 		N/A PC PHASING OUT PEAKERS IN MASSACHUSETTS AND PHILADELPHIA 30,000

COASTAL CONSERVATION LEAGUE

131 SPRING STREET
CHARLESTON,SC29403 		N/A PC CENTERING EQUITY IN ENERGY EFFICIENCY 35,000

COMMUNITY FOUNDATION OF WESTERN NC

4 VANDERBILT PARK DRIVE SUITE 300
ASHEVILLE,NC28803 		N/A PC COASTAL CONSERVATION LEAGUE 2023-2024 ENERGY PROGRAM SUPPORT 10,000

CONSERVATION LAW FOUNDATION

62 SUMMER STREET
BOSTON,MA02110 		N/A PC ADVANCING STATE-BASED DECARBONIZATION STRATEGIES 50,000

DOGWOOD ALLIANCE

PO BOX 7645
ASHEVILLE,NC28802 		N/A PC OUR FORESTS AREN'T FUEL 60,000

EASTERN WOODLANDS REMATRIATION COLLECTIVE

505 EIGHTH AVENUE SUITE 1212
NEW YORK,NY10018 		N/A PC LIVING LANDS PROGRAM 30,000

EASTIE FARM INC

213 WEBSTER STREET
BOSTON,MA02128 		N/A PC GENERAL SUPPORT 30,000

EL PUEBLO

2321 CRABTREE BOULEVARD SUITE 105
RALEIGH,NC27604 		N/A PC LEVERAGING EFFICIENCY FOR NONPROFITS AND RURAL ON-BILL FINANCING TO SPEED AN ENERGY TRANSITION 50,000

EQUITY ADVOCATES

258 HALSTEAD AVENUE SUITE 613
HARRISON,NY10528 		N/A PC MEMBERSHIP GRANT 35,000

EVERETT COMMUNITY GROWERS

471 BROADWAY
EVERETT,MA02149 		N/A PC BIOFUELS ENVIRONMENTAL ACCOUNTABILITY PROJECT 35,000

EXPONENT PHILANTHROPY

1720 N STREET NW
WASHINGTON,DC20036 		N/A PC GENERAL SUPPORT 830

FARM SCHOOL NYC

505 EIGHTH AVENUE SUITE 2100
NEW YORK,NY10018 		N/A PC BUILDING CIVIC ENGAGEMENT WITHIN THE NYC URBAN AGRICULTURE & FOOD JUSTICE COMMUNITY 60,000

GARDENING THE COMMUNITY

PO BOX 90774
SPRINGFIELD,MA01139 		N/A PC EXPLORING ECOSYSTEMS: YOUTH IN AGRICULTURE AND COMMUNITY 25,000

GARDENING THE COMMUNITY

PO BOX 90774
SPRINGFIELD,MA01139 		N/A PC MEMBERSHIP GRANT 35,000

GREEN CITY FORCE

630 FLUSHING AVENUE
BROOKLYN,NY11206 		N/A PC GENERAL SUPPORT 35,000

GREEN GUERILLAS

232 E 11TH STREET
NEW YORK,NY10003 		N/A PC BLACK URBAN FARMERS CONFERENCE 40,000

GREENROOTS

227 MARGINAL STREET SUITE 1
CHELSEA,MA02150 		N/A PC GENERAL SUPPORT 35,000

GROUNDWORK LAWRENCE

60 ISLAND STREET
LAWRENCE,MA01840 		N/A PC GREEN CITY FORCE (GCF) SERVICE CORPS AND ECO-HUBS 35,000

GROUNDWORK SOMERVILLE

337 SOMERVILLE AVENUE SUITE 2B
SOMERVILLE,MA02143 		N/A PC GREEN GUERILLAS YOUTH EMPOWERMENT PIPELINE 35,000

GROUNDWORK SOMERVILLE

337 SOMERVILLE AVENUE SUITE 2B
SOMERVILLE,MA02143 		N/A PC BLACK URBAN FARMERS CONFERENCE 35,000

GROUNDWORK SOUTHCOAST

1285 ACUSHNET AVENUE
NEW BEDFORD,MA02746 		N/A PC ACHIEVING FOOD SOVEREIGNTY THROUGH URBAN AGRICULTURE AND YOUTH LEADERSHIP 35,000

GROUNDWORK USA

22 MAIN STREET
YONKERS,NY10701 		N/A PC GROWING YOUTH LEADERS THROUGH JOB TRAINING AND URBAN FARMING 50,000

HALEY HOUSE INC

23 DARTMOUTH STREET
BOSTON,MA02116 		N/A PC URBAN FARMING WITHIN A SOCIAL JUSTICE FRAMEWORK TO EMPOWER YOUTH IN THE SOUTH COAST OF MASSACHUSETTS 25,000

HATTIE CARTHAN COMMUNITY GARDEN

677 LAFAYETTE AVENUE
BROOKLYN,NY11216 		N/A PC HALEY HOUSE'S URBAN AGRICULTURE PROGRAM 35,000

JOHN BARTRAM ASSOCIATION

5400 LINDBERGH BOULEVARD
PHILADELPHIA,PA19143 		N/A PC GENERAL SUPPORT 35,000

MA FOOD SYSTEM COLLABORATIVE

NONPROFIT CENTER 89 SOUTH STREET
SUITE 700
BOSTON,MA02111 		N/A PC YOUTH-LED AGRICULTURE AND LOCAL FOOD SOVEREIGNTY AT THE SANKOFA COMMUNITY FARM AT BARTRAM'S GARDEN 40,000

MA VOTER TABLE

48 BENTON STREET
SPRINGFIELD,MA01109 		N/A PC ADDRESSING CLIMATE CHANGE THROUGH LAND CONSERVATION 50,000

MAKE THE ROAD PA

347 N 8TH STREET
ALLENTOWN,PA18102 		N/A PC GENERAL SUPPORT. 50,000

MILL CREEK URBAN FARM

4901 BROWN STREET
PHILADELPHIA,PA19139 		N/A PC EXPANDING INVESTOR POWER FOR 1.5 C CORPORATE GOVERNANCE ALIGNMENT & LARGE AM ACCOUNTABILITY 30,000

NATIONAL CAUCUS OF ENVIRONMENTAL LEGISLATORS

1100 H STREET NW
WASHINGTON,DC20005 		N/A PC BUILDING LATINE CIVIC ENGAGEMENT POWER IN EASTERN PA 30,000

NATIONAL CENTER FOR FAMILY PHILANTHROPY

1667 K STREET NW SUITE 350
WASHINGTON,DC20006 		N/A PC BUILDING STATE CHAMPIONS FOR CARBON REDUCTION IN THE NORTHEAST AND SOUTHEAST US 2,500

NATIONAL VOTE AT HOME INSTITUTE

PO BOX 65752
WASHINGTON,DC20035 		N/A PC NATIONAL VOTE AT HOME INSTITUTE 50,000

NATURAL RESOURCES COUNCIL OF MAINE

3 WADE STREET
AUGUSTA,ME04330 		N/A PC CLIMATE ACTION AND THE CLEAN ENERGY SYSTEM FOR MAINES FUTURE 30,000

NC CLIMATE JUSTICE COLLECTIVE

PO BOX 15422
DURHAM,NC27704 		N/A PC GENERAL SUPPORT 50,000

NEIGHBORHOOD FUNDERS GROUP

548 MARKET STREET PMB 96531
SAN FRANCISCO,CA94104 		N/A PC GENERAL SUPPORT 3,000

NEIGHBORHOOD GARDENS TRUST

100 N 20TH STREET
PHILADELPHIA,PA19103 		N/A PC PEAK COALITION 50,000

NEIGHBORHOOD LAND POWER PROJECT

1445 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC GENERAL SUPPORT 35,000

NEW ENGLAND GRASSROOTS ENVIRONMENT FUND

PO BOX 611
NEWMARKET,NH03857 		N/A PC NORTH CAROLINA BLACK ALLIANCE CIVIC ENGAGEMENT 35,000

NEW ENGLAND GRASSROOTS ENVIRONMENT FUND

PO BOX 611
NEWMARKET,NH03857 		N/A PC GENERAL SUPPORT 50,000

NEW YORK LAWYERS FOR THE PUBLIC INTEREST

151 W 30TH STREET
NEW YORK,NY10001 		N/A PC GENERAL SUPPORT 75,000

NORRIS SQUARE NEIGHBORHOOD PROJECT

2141 N HOWARD STREET
PHILADELPHIA,PA19122 		N/A PC GENERAL SUPPORT 35,000

NORTH CAROLINA BLACK ALLIANCE

PO BOX 27886
RALEIGH,NC27611 		N/A PC URBAN HERBAL PLANT PROJECT 50,000

NORTH STAR FUND

520 8TH AVENUE SUITE 2203
NEW YORK,NY10018 		N/A PC LAND ACQUISITION 20,000

NORTHEAST ENERGY EFFICIENCY PARTNERSHIPS

81 HARTWELL AVENUE
LEXINGTON,MA02421 		N/A PC DEFEND AND EXPAND DEMOCRACY TO PROMOTE ENERGY EFFICIENCY PHILLY 2023 30,000

ONE ART COMMUNITY CENTER

1431 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC DISCRETIONARY 35,000

ONE PENNSYLVANIA UNITED

1414 BRIGHTON ROAD
PITTSBURGH,PA15212 		N/A PC EMPOWERING YOUNG CLIMATE LEADERS TO ADVOCATE FOR ENERGY EFFICIENCY IN THE NORTHEAST 50,000

OUR CLIMATE EDUCATION FUND

PO BOX 221012
SEATTLE,WA98102 		N/A PC SUPPORTING COMMUNITY GARDENS AND URBAN AGRICULTURE IN PHILADELPHIA 30,000

PENNSYLVANIA HORTICULTURAL SOCIETY

100 N 20TH STREET
PHILADELPHIA,PA19103 		N/A PC GENERAL SUPPORT. 30,000

PENNSYLVANIA VOICE

915 SPRING GARDEN STREET
PHILADELPHIA,PA19103 		N/A PC THE URBAN AGRICULTURE RELEASE PLAN EVENT 50,000

PENNSYLVANIA VOICE

915 SPRING GARDEN STREET
PHILADELPHIA,PA19103 		N/A PC CATALYZING IMPLEMENTATION OF THE FOOD POLICY ADVISORY COUNCIL STRATEGIC PLAN 12,500

PHILADELPHIA FOOD POLICY ADVISORY COUNCIL

1515 ARCH STREET
PHILADELPHIA,PA19102 		N/A PC MEMBERSHIP GRANT 16,981

PHILANTHROPY MA

133 FEDERAL STREET
BOSTON,MA12110 		N/A PC BUILDING STATEWIDE POWER IN RELATIONSHIPS 4,525

PHILANTHROPY MA

133 FEDERAL STREET
BOSTON,MA12110 		N/A PC GARDEN JUSTICE LEGAL INITIATIVE 17,000

POWER

1429 N 11TH STREET
PHILADELPHIA,PA19122 		N/A PC RED HOOK FARMS - AN URBAN YOUTH FARM IN RED HOOK, BROOKLYN 50,000

PUBLIC INTEREST LAW CENTER OF PHILADELPHIA

1709 BENJAMIN FRANKLIN PARKWAY 2ND
FLOOR
PHILADELPHIA,PA19103 		N/A PC YOUTHGROW PROGRAM 25,000

PUBLIC INTEREST LAW CENTER OF PHILADELPHIA

1709 BENJAMIN FRANKLIN PARKWAY 2ND
FLOOR
PHILADELPHIA,PA19103 		N/A PC BUSHWICK GROWS COMMUNITY FARM 70,000

PUT NC FIRST FOUNDATION

PO BOX 428
RALEIGH,NC27602 		N/A PC BLACKWELL COMMUNITY GARDEN 25,000

RED HOOK INITIATIVE

767 HICKS STREET
BROOKLYN,NY11231 		N/A PC GENERAL SUPPORT. BUILDING COMMUNITY CAPACITY THROUGH AGROECOLOGY 30,000

REGIONAL ENVIRONMENTAL COUNCIL INC

PO BOX 255
WORCESTER,MA01613 		N/A PC UPROOTING RACISM IN THE FOOD SYSTEM, SEEDING SOVEREIGNTY 25,000

REGIONAL ENVIRONMENTAL COUNCIL INC

PO BOX 255
WORCESTER,MA01613 		N/A PC YOUTH GARDENING 35,000

RISEBORO COMMUNITY PARTNERSHIP

565 BUSHWICK AVENUE
BROOKLYN,NY11206 		N/A PC ADVANCING ENERGY SECURITY AND EQUITY IN THE SOUTHEAST 30,000

SLINGSHOT PEAK COALITION

62 SUMMER STREET
BOSTON,MA02110 		N/A PC SCALING ENERGY EFFICIENCY WORK IN LOCAL GOVERNMENTS AND COMMUNITIES THROUGHOUT THE SOUTH 35,000

SOIL GENERATION

6024 RIDGE AVENUE
PHILADELPHIA,PA19128 		N/A PC PROMOTING ENERGY EFFICIENCY IN THE SOUTHEAST 30,000

SOUL FIRE FARM INSTITUTE INC

1972 NY HIGHWAY 2
PETERSBURGH,NY12138 		N/A PC CHALLENGING ADMINISTRATIVE DISENFRANCHISEMENTS 25,000

SOUTHEAST ENERGY EFFICIENCY ALLIANCE

100 PEACHTREE STREET NW
ATLANTA,GA30303 		N/A PC PROMOTING ENERGY EFFICIENCY AS THE FIRST ENERGY RESOURCE OF THE SOUTH 30,000

SOUTHEAST SUSTAINABILITY DIRECTORS NETWORK

9 VON RUCK TERRACE
ASHEVILLE,NC28801 		N/A PC GREEN TEENS INTERNSHIP PROGRAM 30,000

SOUTHERN ALLIANCE FOR CLEAN ENERGY

PO BOX 1842
KNOXVILLE,TN37901 		N/A PC GENERAL SUPPORT 50,000

SOUTHERN COALITION FOR SOCIAL JUSTICE

1415 W NC HIGHWAY 54
DURHAM,NC27707 		N/A PC THE FOOD PROJECTS YOUTH PROGRAMS 50,000

SOUTHERN ENVIRONMENTAL LAW CENTER

201 W MAIN STREET SUITE 14
CHARLOTTESVILLE,VA22902 		N/A PC NY RENEWS COALITION-WIDE CLIMATE JUSTICE REGRANTS 50,000

THE CAMPAIGN AGAINST HUNGER INC

PO BOX 330532
BROOKLYN,NY11233 		N/A PC EAST NEW YORK FARMS! 30,000

THE FOOD PROJECT

10 LEWIS STREET
LINCOLN,MA01773 		N/A PC GENERAL SUPPORT 35,000

THE FOOD PROJECT

10 LEWIS STREET
LINCOLN,MA01773 		N/A PC GENERAL SUPPORT 25,000

THE URBAN LEAGUE OF MASSACHUSETTS

500 LENFANT PLZ SW
WASHINGTON,DC20024 		N/A PC 2023 PHILLY LAND JUSTICE CONVENING 15,000

TIDES FOUNDATION

PO BOX 889389
LOS ANGELES,CA90088 		N/A PC COMMUNITY FOOD FUNDERS 130,000

UNITED COMMUNITY CENTERS

613 NEW LOTS AVENUE
BROOKLYN,NY11207 		N/A PC PHILADELPHIA LAND JUSTICE COALITION 50,000

URBAN CREATORS

2315 N 11TH STREET
PHILADELPHIA,PA19133 		N/A PC RESILIENT ROOTS FARM PROGRAM 35,000

URBAN FARMING INSTITUTE

487R NORFOLK STREET
MATTAPAN,MA02126 		N/A PC GROWING YOUTH & RESIDENT POWER 40,000

URBAN FARMING INSTITUTE

487R NORFOLK STREET
MATTAPAN,MA02126 		N/A PC PHASING OUT PEAKERS IN MASSACHUSETTS AND PHILADELPHIA 25,000

VIETLEAD

320 W OREGON AVENUE
PHILADELPHIA,PA19148 		N/A PC PEAK COALITION 35,000
Total .................................right arrow 3a 3,204,836
bApproved for future payment

BLUEPRINT NC
3125 POPLARWOOD COURT SUITE 300
RALEIGH,NC27604 		N/A PC GENERAL SUPPORT 50,000

BOSTON FARMS
487 NORFOLK STREET
MATTAPAN,MA02126 		N/A PC GENERAL SUPPORT 30,000

CASA PENNSYLVANIA
8151 15TH AVENUE
HYATTSVILLE,MD20783 		N/A PC DEFENDING DEMOCRACY 50,000

COASTAL CONSERVATION LEAGUE
131 SPRING STREET
CHARLESTON,SC29403 		N/A PC COASTAL CONSERVATION LEAGUE 2023-2024 ENERGY PROGRAM SUPPORT 35,000

DOGWOOD ALLIANCE
PO BOX 7645
ASHEVILLE,NC28802 		N/A PC OUR FORESTS AREN'T FUEL 50,000

EASTERN WOODLANDS REMATRIATION COLLECTIVE
505 EIGHTH AVENUE SUITE 1212
NEW YORK,NY10018 		N/A PC INDIGENOUS FOODWAYS 30,000

EASTIE FARM INC
213 WEBSTER STREET
BOSTON,MA02128 		N/A PC LIVING LANDS PROGRAM 30,000

EL PUEBLO
2321 CRABTREE BOULEVARD SUITE 105
RALEIGH,NC27604 		N/A PC GENERAL SUPPORT 50,000

EVERETT COMMUNITY GROWERS
471 BROADWAY
EVERETT,MA02149 		N/A PC EXPLORING ECOSYSTEMS: YOUTH IN AGRICULTURE AND COMMUNITY 35,000

GARDENING THE COMMUNITY
PO BOX 90774
SPRINGFIELD,MA01139 		N/A PC GENERAL SUPPORT 35,000

GREEN GUERILLAS
232 E 11TH STREET
NEW YORK,NY10003 		N/A PC BLACK URBAN FARMERS CONFERENCE 30,000

GREENROOTS
227 MARGINAL STREET SUITE 1
CHELSEA,MA02150 		N/A PC ACHIEVING FOOD SOVEREIGNTY THROUGH URBAN AGRICULTURE AND YOUTH LEADERSHIP 35,000

GROUNDWORK LAWRENCE
60 ISLAND STREET
LAWRENCE,MA01840 		N/A PC GROWING YOUTH LEADERS THROUGH JOB TRAINING AND URBAN FARMING 35,000

GROUNDWORK SOMERVILLE
337 SOMERVILLE AVENUE SUITE 2B
SOMERVILLE,MA02143 		N/A PC GENERAL SUPPORT 35,000

GROUNDWORK SOUTHCOAST
1285 ACUSHNET AVENUE
NEW BEDFORD,MA02746 		N/A PC URBAN FARMING WITHIN A SOCIAL JUSTICE FRAMEWORK TO EMPOWER YOUTH IN THE SOUTH COAST OF MASSACHUSETTS 35,000

HATTIE CARTHAN COMMUNITY GARDEN
677 LAFAYETTE AVENUE
BROOKLYN,NY11216 		N/A PC GENERAL SUPPORT 35,000

JOHN BARTRAM ASSOCIATION
5400 LINDBERGH BOULEVARD
PHILADELPHIA,PA19143 		N/A PC YOUTH-LED AGRICULTURE AND LOCAL FOOD SOVEREIGNTY AT THE SANKOFA COMMUNITY FARM AT BARTRAM'S GARDEN 35,000

MA VOTER TABLE
48 BENTON STREET
SPRINGFIELD,MA01109 		N/A PC GENERAL SUPPORT 50,000

MAKE THE ROAD PA
347 N 8TH STREET
ALLENTOWN,PA18102 		N/A PC BUILDING LATINE CIVIC ENGAGEMENT POWER IN EASTERN PA 50,000

MILL CREEK URBAN FARM
4901 BROWN STREET
PHILADELPHIA,PA19139 		N/A PC GENERAL SUPPORT 30,000

NC CLIMATE JUSTICE COLLECTIVE
PO BOX 15422
DURHAM,NC27704 		N/A PC GENERAL SUPPORT 50,000

NEIGHBORHOOD GARDENS TRUST
100 N 20TH STREET
PHILADELPHIA,PA19103 		N/A PC GENERAL SUPPORT 50,000

NEIGHBORHOOD LAND POWER PROJECT
1445 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC GENERAL SUPPORT 35,000

NORRIS SQUARE NEIGHBORHOOD PROJECT
2141 N HOWARD STREET
PHILADELPHIA,PA19122 		N/A PC GENERAL SUPPORT 35,000

NORTH CAROLINA BLACK ALLIANCE
PO BOX 27886
RALEIGH,NC27611 		N/A PC NORTH CAROLINA BLACK ALLIANCE CIVIC ENGAGEMENT 50,000

ONE ART COMMUNITY CENTER
1431 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC URBAN HERBAL PLANT PROJECT 35,000

ONE PENNSYLVANIA UNITED
1414 BRIGHTON ROAD
PITTSBURGH,PA15212 		N/A PC DEFEND AND EXPAND DEMOCRACY TO PROMOTE ENERGY EFFICIENCY _ PHILLY 2023 50,000

PENNSYLVANIA HORTICULTURAL SOCIETY
100 N 20TH STREET
PHILADELPHIA,PA19103 		N/A PC SUPPORTING COMMUNITY GARDENS AND URBAN AGRICULTURE IN PHILADELPHIA 30,000

PENNSYLVANIA VOICE
915 SPRING GARDEN STREET
PHILADELPHIA,PA19103 		N/A PC GENERAL SUPPORT. 50,000

POWER
1429 N 11TH STREET
PHILADELPHIA,PA19122 		N/A PC BUILDING STATEWIDE POWER IN RELATIONSHIPS 50,000

PUBLIC INTEREST LAW CENTER OF PHILADELPHIA
1709 BENJAMIN FRANKLIN PARKWAY 2ND
FLOOR
PHILADELPHIA,PA19103 		N/A PC GARDEN JUSTICE LEGAL INITIATIVE 70,000

REGIONAL ENVIRONMENTAL COUNCIL INC
PO BOX 255
WORCESTER,MA01613 		N/A PC YOUTHGROW PROGRAM 35,000

SOUTHERN COALITION FOR SOCIAL JUSTICE
1415 W NC HIGHWAY 54
DURHAM,NC27707 		N/A PC CHALLENGING ADMINISTRATIVE DISENFRANCHISEMENTS 50,000

THE CAMPAIGN AGAINST HUNGER INC
PO BOX 330532
BROOKLYN,NY11233 		N/A PC GREEN TEENS INTERNSHIP PROGRAM 30,000

THE FOOD PROJECT
10 LEWIS STREET
LINCOLN,MA01773 		N/A PC THE FOOD PROJECTS YOUTH PROGRAMS 35,000

UNITED COMMUNITY CENTERS
613 NEW LOTS AVENUE
BROOKLYN,NY11207 		N/A PC EAST NEW YORK FARMS! 50,000

URBAN CREATORS
2315 N 11TH STREET
PHILADELPHIA,PA19133 		N/A PC GENERAL SUPPORT 35,000

URBAN FARMING INSTITUTE
487R NORFOLK STREET
MATTAPAN,MA02126 		N/A PC GENERAL SUPPORT 35,000

VIETLEAD
320 W OREGON AVENUE
PHILADELPHIA,PA19148 		N/A PC RESILIENT ROOTS FARM PROGRAM 35,000
Total ................................. right arrow 3b 1,575,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 7,814  
4 Dividends and interest from securities ....     14 1,063,367  
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 1,791  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,998,410  
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 4,071,382 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,071,382
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
MERCK FAMILY FUND
 
Employer identification number

22-6063382
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
MERCK FAMILY FUND
  		Employer identification number
22-6063382
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
NATHANIEL CHAMBERLIN
131 DARTMOUTH STREET SUITE 301
 
BOSTON, MA021165297

$ 82,014


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
MERCK FAMILY FUND
  		Employer identification number

22-6063382
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS I (TRLGX) 455.216 SHARES $ 32,266 2024-02-20
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 BROWN ADVISORY SUSTAINABLE GROWTH FUND INSTITUTIONAL (BAFWX) 936.000 SHARES $ 49,748 2024-08-13
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
MERCK FAMILY FUND
  		Employer identification number

22-6063382
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FINANCIAL STATEMENT AUDIT/REVIEW 14,687 0   14,687
TAX RETURN PREPARATION 17,335 0   4,635

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Statement:
THE FOUNDATION IS NOT REQUIRED TO FILE A COPY OF FEDERAL FORM 990-PF WITH THE STATE OF NEW JERSEY'S ATTORNEY GENERAL'S OFFICE AS IT DOES NOT SOLICIT FUNDS FROM THE PUBLIC.

TY 2024 InvestmentsCorpBondsSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC 4.800% 03/15/27 (00287YDR7) 25,000.000 QTY 25,145 25,145
ABBVIE INC FXD RT SR NT 3.200% 05/14/26 (00287YAY5) 20,000.000 QTY 19,644 19,644
ABBVIE INC SR NT FLTG ACCD INV 3.200% 11/21/29 (00287YBX6) 35,000.000 QTY 32,478 32,478
ACE INA HLDGS INC GTD SR NT 3.350% 05/03/26 (00440EAV9) 25,000.000 QTY 24,610 24,610
ALEXANDRIA REAL ESTATE EQUITIES INC 4.900% 12/15/30 (015271AU3) 15,000 QTY 14,768 14,768
AMERICAN EXPRESS CO 2.550% 03/04/27 (025816CS6) 25,000.000 QTY 23,936 23,936
AMERICAN EXPRESS CO 5.098% 02/16/28 (025816DP1) 51,000.000 QTY 51,297 51,297
AMERICAN EXPRESS CO NT 4.900% 02/13/26 (025816DC0) 20,000.000 QTY 20,062 20,062
AMERICAN HONDA FIN CORP 4.900% 03/12/27 (02665WFD8) 31,000.000 QTY 31,066 31,066
AMERICAN HONDA FIN CORP 5.250% 07/07/26 (02665WEK3) 55,000 QTY 55,426 55,426
AMGEN INC 5.250% 03/02/33 (031162DR8) 30,000 QTY 29,792 29,792
AMGEN INC FXD RT SR NT 2.600% 08/19/26 (031162CJ7) 25,000.000 QTY 24,178 24,178
ANTHEM INC FXD RT SR NT 4.101% 03/01/28 (036752AG8) 45,000.000 QTY 44,006 44,006
ANTHEM INC NT 1.5000% 03/15/26 (036752AR4) 25,000.000 QTY 24,075 24,075
AON CORP GTD SR NT 2.800% 05/15/30 (037389BE2) 35,000.000 QTY 31,182 31,182
BANK AMER CORP 1.197% 10/24/26 (06051GJK6) 25,000.000 QTY 24,288 24,288
BANK AMER CORP SR NT FXD/FLTG 1.734% 07/22/27 (06051GJS9) 18,000.000 QTY 17,161 17,161
BANK AMER CORP SR NT FXD/FLTG 2.687% 04/22/32 (06051GJT7) 55,000.000 QTY 47,298 47,298
BLACKROCK FDG INC GTD NT 5.000% 03/14/34 (09290DAB7) 71,000.000 QTY 70,174 70,174
BLACKROCK FUNDING INC 4.600% 07/26/27 (09290DAH4) 20,000.000 QTY 20,049 20,049
BOSTON PPTYS LTD PARTNERSHIP SR NT 2.750% 10/01/26 (10112RAY0) 20,000 QTY 19,247 19,247
BOSTON PPTYS LTD PSHIP FXD RT NT 3.650% 02/01/26 (10112RAX2) 6,000.000 QTY 5,912 5,912
BRISTOL MYERS SQUIBB CO CO 4.900% 02/22/29 (110122EF1) 55,000.000 QTY 55,243 55,243
CALVERT IMPACT CAP INC CALVERT CMNTY 1.000% 02/14/25 (13162EEK8) 250,000 QTY 250,000 250,000
CANADIAN IMPERIAL 4.508% 09/11/24 (12607PHT4) 28,000.000 QTY 27,874 27,874
CANADIAN IMPERIAL BK COMM TORONTO 1.250% (13607HVE9) 60,000.000 QTY 57,100 57,100
CITIGROUP INC 1.122% 01/28/27 (17327CAM5) 17,000.000 QTY 16,325 16,325
CITIGROUP INC 4.910% 05/24/33 (172967NU1) 30,000.000 QTY 29,016 29,016
CITIGROUP INC FXD RT SR NT 3.200% 10/21/26 (172967KY6) 25,000.000 QTY 24,317 24,317
CITIGROUP INC FXD TO FLTG SR NT 3.668% 07/24/28 (172967LP4) 45,000 QTY 43,588 43,588
CNH INDL CAP LLC 4.500% 10/08/27 (12592BAT1) 17,000.000 QTY 16,848 16,848
CNH INDL CAP LLC NT 1.450% 07/15/26 (12592BAM6) 30,000.000 QTY 28,526 28,526
COMCAST CORP GTD FXD RT NT 3.300% 02/01/27 (2003NBY6) 42,000.000 QTY 40,879 40,879
COMCAST CORP GTD FXD RT SR NOTE 4.150% 10/15/28 (20030NCT6) 70,000 QTY 68,278 68,278
CVS HEALTH CORP FXD RT SR NT 4.300% 03/25/28 (126650CX6) 35,000.000 QTY 33,906 33,906
CVS HEALTH CORP SR NT 3.625% 04/01/27 (12665ODHO) 21,000.000 QTY 20,379 20,379
CVS HEALTH CORP SR NT 5.000% 02/20/26 (126650DS6) 15,000.000 QTY 14,986 14,986
DEERE JOHN CAP CORP 4.200% 07/15/27 (24422EXV6) 42,000.000 QTY 41,694 41,694
DEERE JOHN CAP CORP MEDIUM TERM 5.100% 04/11/34 (2422EXP9) 105,000.000 QTY 104,817 104,817
FIFTH THIRD BANCORP SR NT 6.361% 10/27/28 (316773DJ6) 40,000 QTY 41,366 41,366
GOLDMAN SACHS GROUP INC 1.093% 12/09/26 (38141GXM1) 25,000.000 QTY 24,137 24,137
GOLDMAN SACHS GROUP INC 1.542% 09/10/27 (38141GYG3) 18,000.000 QTY 17,022 17,022
GOLDMAN SACHS GROUP INC FXD 3.814% 04/23/29 (38141GWV2) 75,000 QTY 72,146 72,146
HOME DEPOT INC NT 2.875% 04/15/27 (437076CNO) 30,000.000 QTY 28,999 28,999
LOWES COS INC FXD RT SR NT 3.100% 05/03/27 (548661DP9) 30,000.000 QTY 28,999 28,999
LOWES COS INC NT 4.500% 04/15/30 (548661DU8) 55,000.000 QTY 53,953 53,953
MEDTRONIC GLOBAL HOLDINGS 0.000% 03/30/28 (58507LBB4) 40,000 QTY 56,289 56,289
MORGAN STANLEY 1.593% 05/04/27 (61772BAB9) 43,000.000 QTY 41,219 41,219
MORGAN STANLEY SR NT FIXED/FLTG SER I 6.342% 10/18/33 (61747YEY7) 66,000 QTY 69,837 69,837
REALTY INCOME CORP SR NT 4.850% 03/15/30 (756109BR4) 43,000.000 QTY 42,724 42,724
ROYAL BK CDA GLOBAL 4.875% 01/19/27 (78016HZT0) 42,000.000 QTY 42,165 42,165
ROYAL BK CDA GLOBAL MEDIUM TERM 6.000% 11/01/27 (78016FZU1) 55,000.000 QTY 56,805 56,805
SIMON PPTY GROUP L P FXD RT NT 3.375% (828807DC8) 06/15/27 20,421 20,421
SIMON PPTY GROUP L P NT 2.200% 02/01/31 (828807DM6) 46,000.000 QTY 39,130 39,130
STATE STR CORP SR NT 5.272% 08/03/26 (857477CD3) 25,000.000 QTY 25,247 25,247
STATE STR CORP SR NT 5.272% 08/03/26 (857477CD3) 51,000.000 QTY 51,503 51,503
STATE STR CORP SR NT FIXED/FLTG 4.857% 01/26/26 (857477BZ5) 20,000.000 QTY 19,998 19,998
THERMO FISHER SCIENTIFIC INC 4.800% 11/21/27 (883556CT7) 71,000.000 QTY 71,523 71,523
THERMO FISHER SCIENTIFIC INC 5.000% 12/05/26 (883556CZ3) 25,000 QTY 25,238 25,238
UNITEDHEALTH GROUP INC SR NT 4.600% (91324PEY4) 30,000.000 QTY 30,033 30,033
VERIZON COMMUNICATIONS INC 4.125% 03/16/27 (92343VDY7) 28,000.000 QTY 27,681 27,681
VERIZON COMMUNICATIONS INC 4.329% 09/21/28 (92343EVR1) 55,000.000 QTY 53,967 53,967
WALT DISNEY CO GTD NT 1.750% 01/13/26 (254687FV3) 12,000.000 QTY 11,678 11,678
WALT DISNEY CO GTD NT 2.000% 09/01/29 (254687FL5) 80,000 QTY 71,161 71,161
WESTPAC BKG CORP 3.350% 03/08/27 (961214DK6) 25,000.000 QTY 24,394 24,394
WILLIS NORTH AMER INC 5.350% 05/15/33 (970648AM3) 53,000.000 QTY 52,670 52,670

TY 2024 InvestmentsCorpStockSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Name of Stock End of Year Book Value End of Year Fair Market Value
3I GROUP PLC ADR (TGOPY) 561.000 SHARES 12,678 12,678
3M CO (MMM) 126.000 SHARES 16,265 16,265
A P MOLLER MAERSK AS (AMKBY) 1,548.000 SHARES 12,709 12,709
AAON INC (AAON) 235.000 SHARES 27,655 27,655
ABBOTT LABS COM (ABT) 384.000 SHARES 43,434 43,434
ABBVIE INC (ABBV) 237.000 SHARES 42,115 42,115
ABN AMRO BK N V AMSTERDAM 393.000 SHARES 6,036 6,036
ACADIA HEALTHCARE CO (ACHC) 99.000 SHARES 3,925 3,925
ACCENTURE PLC IRELAND CLASS (ACN) 208.000 SHARES 73,172 73,172
ACCO BRANDS CORP (ACCO) 5,799.000 SHARES 30,445 30,445
ACUITY BRANDS INC (AYI) 9.000 SHARES 2,629 2,629
ADECCO GROUP AG (AHEXY) 687.000 SHARES 8,395 8,395
ADOBE SYS INC (ADBE) 74.000 SHARES 32,906 32,906
ADT INC (ADT) 258.000 SHARES 1,783 1,783
ADVANCE AUTO PTS INC (AAP) 17.000 SHARES 804 804
ADVANCED MICRO DEVICES INC COM (AMD) 65.000 SHARES 7,851 7,851
AEGON LTD NY REGESTRY SHS 243.000 SHARES 1,431 1,431
AERCAP HOLDING N V (AER) 185.000 SHARES 17,705 17,705
AFFILIATED MANAGERS GROUP INC (AMG) 15.000 SHARES 2,774 2,774
AFLAC INC COM (AFL) 574.000 SHARES 59,375 59,375
AGCO CORP (AGCO) 52.000 SHARES 4,861 4,861
AGILENT TECHNOLOGIES INC COM (A) 212.000 SHARES 28,480 28,480
AGREE RLTY CORP (ADC) 691.000 SHARES 48,681 48,681
AIA GROUP LTD (AAGIY) 2,010.000 SHARES 57,928 57,928
AIB GROUP PLC(A5G.IR) 1,135.000 SHARES 12,326 12,326
AIR LEASE CORP CL (AL) 56.000 SHARES 2,700 2,700
AIR LIQUIDE (AIQUY) 728.000 SHARES 23,478 23,478
AIR PRODS & CHEMS INC COM (APD) 53.000 SHARES 15,372 15,372
AIRBNB INC (ABNB) 313.000 SHARES 41,131 41,131
AJINMOTO INC (AJINY) 800.000 SHARES 32,536 32,536
AKAMAI TECHNOLOGIES INC (AKAM) 14.000 SHARES 1,339 1,339
ALASKA AIR GROUP INC (ALK) 58.000 SHARES 3,756 3,756
ALBEMARLE CORP (ALB) 43.000 SHARES 3,701 3,701
ALBERTSONS COS INC (ACI) 129.000 SHARES 2,534 2,534
ALCON SA ACT (ALC) 66.000 SHARES 5,601 5,601
ALEXANDRIA REAL ESTATE EQUITIES INC (ARE) 33.000 SHARES 3,219 3,219
ALIGN TECHNOLOGY (ALGN) 10.000 SHARES 2,085 2,085
ALKAMI TECHNOLOGY INC (ALKT) 811.000 SHARES 29,747 29,747
ALKERMES PLC SHS (ALKS) 1,538.000 SHARES 45,527 45,527
ALLEGION PUB LTD CO ORD SHS (ALLE) 12.000 SHARES 1,568 1,568
ALLIANZ SE (ALIZY) 856.000 SHARES 26,142 26,142
ALLSTATE CORP (ALL) 134.000 SHARES 25,834 25,834
ALLY FINL INC (ALLY) 672.000 SHARES 24,199 24,199
ALNYLAM PHARMACEUTICALS INC (ALNY) 4.000 SHARES 941 941
ALPHABET INC CL A (GOOGL) 1,727.000 SHARES 326,921 326,921
ALSTOM ADR (ALSMY) 2,390.000 SHARES 5,186 5,186
AMAZON COM INC (AMZN) 1,601.000 SHARES 351,243 351,243
AMCOR PLC REGISTERED SHS ISN (ALKS) 973.000 SHARES 9,156 9,156
AMDOCS LTD (DOX) 139.000 SHARES 11,834 11,834
AMERICAN EXPRESS COMPANY (AXP) 53.000 SHARES 15,730 15,730
AMERICAN FINL GROUP INC (AFG) 166.000 SHARES 22,730 22,730
AMERICAN HOMES $ RENT CL A (AMH) 111.000 SHARES 4,154 4,154
AMERICAN INTL GROUP INC COM (AIG) 342.000 SHARES 24,898 24,898
AMERICAN TOWER CORP (AMT) 180.000 SHARES 33,014 33,014
AMERICAN WTR WKS CO INC NEW COM (AWK) 157.000 SHARES 19,545 19,545
AMERICOLD RLTY TR COM (COLD) 11.000 SHARES 235 235
AMERIPRISE FINL INC COM (AMP) 16.000 SHARES 8,519 8,519
AMERISAFE INC COM (AMSF) 328.000 SHARES 16,905 16,905
AMGEN INC (AMGN) 52.000 SHARES 13,553 13,553
AMKOR TECHNOLOGY INC (AMKR) 16.000 SHARES 411 411
AMPHASTAR PHARMACEUTICALS INC (AMPH) 413.000 SHARES 15,335 15,335
AMPHENOL CORP NEW CL A (APH) 37.000 SHARES 2,570 2,570
ANALOG DEVICES INC (ADI) 128.000 SHARES 27,195 27,195
ANNALY CAP MGMT INC (NLY) 179.000 SHARES 3,276 3,276
ANTERO MIDSTREAM CORP (AM) 2,067.000 SHARES 31,191 31,191
ANZ GROUP HLDGS LTD (ANZGY) 2,141.000 SHARES 37,660 37,660
AON PLC REGISTERED SHS CL A (AON) 21.000 SHARES 7,542 7,542
API GROUP CORP (APG) 38.000 SAHERS 1,367 1,367
APPLE INC (AAPL) 1,626.000 SHARES 407,183 407,183
APPLIED INDL TECHNOLOGIES INC (AIT) 16.000 SHARES 3,832 3,832
APPLIED MATERIALS INC (AMAT) 166.000 SHARES 26,997 26,997
APPLOVIN CORP (APP) 13.000 SHARES 4,210 4,210
APPOLLO GLOBAL MGMT INC (APO) 30.000 SHARES 4,955 4,955
APTARGROUP INC (ATR) 21.000 SHARES 3,299 3,299
APTIV PLC (APTV) 351.000 SHARES 21,228 21,228
ARCADIUM LITHIUM PLC REGISTERED SHS (ALTM) 4,397.000 SHARES 22,557 22,557
ARCELORMITTAL SA NY (MT) 1,042.000 SHARES 24,101 24,101
ARCH CAPITAL GROUP LTD (ACGL) 143.000 SHARES 13,206 13,206
ARCHER-DANIELS MIDLAND CO (ADM) 304.000 SHARES 15,358 15,358
ARCOSA INC COM (ACA) 698.000 SHARES 67,525 67,525
ARES MGMT CORP (ARES) 236.000 SHARES 41,779 41,779
ARKEMA SPONSORED ADR (ARKAY) 117.000 SHARES 8,871 8,871
ARMARK (ARMK) 45.000 SHARES 1,679 1,679
ARROW ELECTRS INC (ARW) 43.000 SHARES 4,864 4,864
ASAHI KASEI CORP (AHKSY) 1,669.000 SHARES 22,915 22,915
ASGN INC (ASGN) 73000 SHARES 6,084 6,084
ASHLAND INC (ASH) 80.000 SHARES 5,717 5,717
ASHTEAD GROUP PLC ADR (ASHTY) 76.000 SHARES 18,582 18,582
ASML HLDG N V N Y REGISTRY SHS (ASML) 44.000 SHARES 30,496 30,496
ASPEN TECHNOLOGY INC (AZPN) 16.000 SHARES 3,994 3,994
ASSA ABLOY (ASAZY) 2,492.000 SHARES 36,508 36,508
ASSICURAZIONI GENERALI S P A (ARZGY) 823.000 SHARES 11,613 11,613
ASSURANT INC (AIZ) 18.000 SHARES 3,838 3,838
ASTRANA HEALTH INC (ASTH) 605.000 SHARES 19,076 19,076
ASTRAZENECA PLC (AZN) 981.000 SHARES 64,275 64,275
ASX LTD ADR (ASXFY) 506.000 SHARES 20,392 20,392
AT&T INC (T) 3,409.000 SHARES 77,623 77,623
ATI INC (ATI) 52.000 SHARES 2,862 2,862
ATKORE INC COM (ATKR) 302.000 SHARES 25,202 25,202
ATLAS COPCO (ATLCY) 2,381.000 SHARES 31,810 31,810
AURORA INNOVATION INC CL A (AUR) 300.000 SHARES 1,890 1,890
AUTODESK INC (ADSK) 3.000 SHARES 887 887
AUTOLIV INC (ALV) 41.000 SHARES 3,845 3,845
AUTOMATIC DATA PROCESSING INC (ADP) 27.000 SHARES 7,904 7,904
AUTOZONE INC (AZO) 10.000 SHARES 32,020 32,020
AVALONBAY CMNTYS INC COM (AVB) 65.000 SHARES 14,298 14,298
AVANTOR INC (AVTR) 125.000 SHARES 2,634 2,634
AVERY DENNISON CORP (AVY) 111.000 SHARES 20,771 20,771
AVIVA PLC (AVVIY) 1,304.000 SHARES 15,439 15,439
AXA SA (AXAHY) 923.000 SHARES 32,840 32,840
AXIS CAPITAL HLDGS LTD SHS (AXS) 63.000 SHARES 5,583 5,583
AZEK CO INC CL A (AZEK) 1,105.000 SHARES 52,454 52,454
BAKER HUGHES CO CL A (BKR) 1,681.000 SHARES 68,955 68,955
BANCO BILBAO VIZCAYA ARGENTARIA SA (BBVA) 6,373.000 SHARES 61,946 61,946
BANCO SANTANDER SA (SAN) 23,727.000 SHARES 108,195 108,195
BANCORP INC (TBBK) 926.000 SHARES 48,735 48,735
BANK AMER CORP COM (BAC) 4,563.000 SHARES 200,544 200,544
BANK IRELAND GROUP PLC (BKRIF) 1,290.000 SHARES 11,804 11,804
BANK OF NEW YORK MELLON CORP (BK) 332.000 SHARES 25,508 25,508
BANK OZK LITTLE ROCK ARK (OZK) 47.000 SHARES 2,093 2,093
BARCLAYS PLC (BCS) 7,058.000 SHARES 93,801 93,801
BARRAT BUSINESS SERVICES INC (BBSI) 2,195.000 SHARES 95,351 95,351
BARRAT REDROW PLC ADR (BTDPF) 769.000 SHARES 8,713 8,713
BAXTER INTL INC COM (BAX) 309.000 SHARES 9,010 9,010
BAYER AG (BAYRY) 6,080.000 SHARES 29,670 29,670
BECTON DICKINSON & CO (BDX) 135.000 SHARES 30,627 30,627
BEIRESDORF AG ADR 776.000 SHARES 19,726 19,726
BELLRING BRANDS INC (BRBR) 681.000 SHARES 51,307 51,307
BERKLEY W R CORP (WRB) 174.000 SHARES 10,182 10,182
BERRY GLOBAL GROUP INC (BERRY) 37.000 SHARES 2,393 2,393
BEST BUY INC COM (BBY) 8.000 SHARES 686 686
BILL HLDGS INC (BILL) 7.000 SHARES 593 593
BIOGEN INC COM (BIIB) 63.000 SHARES 9,634 9,634
BIOMARIN PHARMACEUTICAL INC (BMRN) 24.000 SHARES 1,578 1,578
BIONTECH SE ADS (BNTX) 70.000 SHARES 7,977 7,977
BJS WHSL CLUB HLDGS INC COM (BJ) 8.000 SHARES 715 715
BLACKROCK INC (BLK) 37.000 SHARES 37,929 37,929
BLACKSTONE INC COM (BX) 50.000 SHARES 8,621 8,621
BLACKSTONE MTG TR INC (BXMT) 90.000 SHARES 1,567 1,567
BLOCK H & R INC (HRB) 29.000 SHARES 1,532 1,532
BLOCK INC (SQ) 28.000 SHARES 2,380 2,380
BLUE OWL CAP INC (OWL) 71.00 SHARES 1,651 1,651
BLUEPRINT MEDICINES CORP COM (BPMC) 519.000 SHARES 45,267 45,267
BNP PARIBAS (BNPQY) 3,283.000 SHARES 100,788 100,788
BOK FINL CORP (BOKF) 24.000 SHARES 2,555 2,555
BOOKING HLDGS INC (BKNG) 3.000 SHARES 14,905 14,905
BOOT BARN HLDGS INC COM (BOOT) 308.000 SHARES 46,761 46,761
BOOZ ALLEN HAMILTON HLDG CORP CL A (BAH) 60.000 SHARES 7,722 7,722
BORGWARNER INC (BWA) 149.000 SHARES 4,737 4,737
BOSTON SCIENTIFIC CORP COM (BSX) 144.000 SHARES 12,862 12,862
BOX INC CL A (BOX) 1,584.000 SHARES 50,054 50,054
BRIDGESTONE CORP (BRDCY) 655.000 SHARES 10,991 10,991
BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM (BFAM) 299.000 SHARES 33,144 33,144
BRIGHTVIEW HLDGS INC (BV) 2,789.000 SHARES 44,596 44,596
BRISTOL MYERS SQUIBB CO (BMY) 665.000 SHARES 37,612 37,612
BRIXMOR PPTY GROUP INC (BRX) 212.000 SHARES 5,902 5,902
BROADCOM INC (AVGO) 337.000 SHARES 78,130 78,130
BROOKFIELD RENEWABLE CORPORATION (BEPC) 91.000 SHARES 2,517 2,517
BROWN & BROWN INC (BRO) 20.000 SHARES 2,040 2,040
BROWN FORMAN CORP CL A (BF-A) 107.000 SHARES 4,033 4,033
BRUNSWICK CORP (BC) 43.000 SHARES 2,781 2,781
BUILDERS FIRSTSOURCE INC (BLDR) 4.000 SHARES 572 572
BUNGE GLOBAL SA (BG) 100.000 SHARES 7,776 7,776
BXP INC (BXP) 73.000 SHARES 5,428 5,428
BYD CO LTD ADR (BYDDY) 290.000 SHARES 19,711 19,711
C H ROBINSON WORLDWIDE INC (CHRW) 8.000 SHARES 827 827
CACI INTL INC CL A (CACI) 15.000 SHARES 6,061 6,061
CACTUS INC CL A (WHD) 1,998.000 SHARES 116,603 116,603
CADENCE CK (CADE) 54.000 SHARES 1,860 1,860
CADENCE DESIGN SYS INC (CDNS) 176.000 SHARES 52,881 52,881
CAMDEN PPTY TR (CPT) 34.000 SHARES 3,945 3,945
CAMPBELL SOUP CO COM (CPB) 59.000 SHARES 2,471 2,471
CANON INC ADR (CAJPY) 547.000 SHARES 17,807 17,807
CAPITAL ONE FINL CORP COM (COF) 172.000 SHARES 30,671 30,671
CAPRI HLDGS LTD SHS (CPRI) 51.000 SHARES 1,074 1,074
CARDINAL HEALTH INC (CAH) 33.000 SHARES 3,903 3,903
CARLYLE GROUP INC (CG) 42.000 SHARES 2,121 2,121
CARMAX INC (KMX) 39.000 SHARES 3,189 3,189
CARREFOUR SA SPONSORED ADR (CRRFY) 2,538.000 SHARES 7,056 7,056
CARRIER GLOBAL CORP COM (CARR) 190.000 SHARES 12,969 12,969
CARVANA CO CL A (CVNA) 8.000 SHARES 1,627 1,627
CASELLA WASTE SYS INC CL A (CWST) 503.000 SHARES 53,222 53,222
CASEYS GEN STORES INC (CASY) 8.000 SHARES 3,170 3,170
CBIZ INC COM (CBZ) 1,308.000 SHARES 107,034 107,034
CBOE GLOBAL MKTS INC (CBOE) 55.000 SHARES 10,747 10,747
CBRE GROUP INC CL A (CBRE) 61.000 SHARES 8,009 8,009
CDW CORP (CDW) 42.000 SHARES 7,310 7,310
CELANESE CORP DEL (CE) 103.000 SHARES 7,129 7,129
CELSIUS HLDGS INC (CELH) 17.000 SHARES 448 448
CENCORA INC (COR) 29.000 SHARES 6,516 6,516
CENTENE CORP DEL COM (CNC) 225.000 SHARES 13,631 13,631
CENTERPOINT ENERGY INC (CNP) 338.000 SHARES 10,725 10,725
CENTRAL JAPAN RAILWAY CO (CJPRY) 5,042.000 SHARES 47,143 47,143
CHAMPIONX CORP (CHMP) 913.000 SHARES 24,824 24,824
CHARTER COMMUNICATIONS INC (CHTR) 17.000 SHARES 5,827 5,827
CHATHAM LODGING TR (CLDT) 4,336.000 SHARES 38,807 38,807
CHEESECAKE FACTORY INC (CAKE) 1,895.000 SHARES 89,899 89,899
CHENIERE ENERGY INC (LNG) 188.000 SHARES 40,396 40,396
CHIPOTLE MEXICAN GRILL INC COM (CMG) 1,014.000 SHARES 61,144 61,144
CHUBB LTD (CB) 57.000 SHARES 15,749 15,749
CHURCH & DWIGHT CO INC (CHD) 224.000 SHARES 23,455 23,455
CIE DE SAINT-GOBAIN SHS (CODYY) 606.000 SHARES 10,729 10,729
CIENA CORP (CIEN) 14.000 SHARE 1,187 1,187
CIGNA CORP NEW COM (CI) 134.000 SHARES 37,003 37,003
CINCINNATI FINL CORP (CNIF) 85.000 SHARES 12,215 12,215
CINTAS CORP COM (CTAS) 29.000 SHARES 5,298 5,298
CISCO SYSTEMS INC (CSCO) 1,020.000 SHARES 60,384 60,384
CITIGROUP INC (C) 1,128.000 SHARES 79,400 79,400
CITIZENS FINL GROUP INC (CFG) 226.000 SHARES 9,890 9,890
CLEARWATER ANALYTICS HLDGS INC CL A (CWAN) 1,242.000 SAHRES 34,180 34,180
CLOROX CO (CLX) 19.000 SHARES 3,086 3,086
CLOUDFLARE INC CL A (NET) 1.000 SHARES 108 108
CME GROUP INC COM (CME) 133.000 SHARES 30,887 30,887
CMS ENERGY CORP (CMS) 115.000 SHARES 7,665 7,665
CNA FINL CORP (CAN) 177.000 SHARES 8,561 8,561
CNH INDL (CNHI) 708.000 SHARES 8,022 8,022
COCA COLA COMPANY (KO) 873.000 SHARES 54,353 54,353
COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A (CTSH) 69.000 SHARES 5,306 5,306
COHERENT CORP (COHR) 20.000 SHARES 1,895 1,895
COINBASE GLOBAL INC (COIN) 15.000 SHARES 3,725 3,725
COLGATE PALMOLIVE CO (CL) 144.000 SHARES 13,091 13,091
COLUMBIA BKG SYS INC (COLB) 94.000 SHARES 2,539 2,539
COLUMBUS MCKINNON CORP N Y (CMCO) 826.000 SHARES 30,760 30,760
COMCAST CORP CL A (CMCSA) 1,823.000 SHARES 68,417 68,417
COMERICA INC (CMA) 52.000 SHARES 3,216 3,216
COMMERCE BANCSHARES INC COM (CBSH) 80.000 SHARES 4,985 4,985
COMMERCIAL METALS CO (CMC) 39.000 SHARES 1,934 1,934
COMMERZBANK AG SPONSORED ADR (CBSH) 618.000 SHARES 9,996 9,996
COMMUNITY HEALTHCARE TR INC (CHCT) 19.000 SHARES 365 365
COMPASS DIVERSIFIED SH BEN INT (CODI) 1,566.000 SHARES 36,143 36,143
CONAGRA BRANDS INC COM (CAG) 67.000 SHARES 1,859 1,859
CONCENTREIX CORP (CNXC) 10.000 SHARES 433 433
CONSOLIDATED EDISON INC (ED)134.000 SHARES 11,957 11,957
CONSTELLATION BRANDS INC CL A (STZ) 44.000 SHARES 9,724 9,724
CONSTRUCTION PARTNERS INC CL A (ROAD) 563.000 SHARES 49,803 49,803
CONTINENTAL AG SPONS ADR (CTTAY) 1,660.000 SHARES 10,973 10,973
COOPER COS INC (COO) 32.000 SHARES 2,942 2,942
COREBRIDGE FINL INC (CRBG) 163.000 SHARES 4,879 4,879
CORNING INC (GLW) 231.000 SHARES 10,977 10,977
CORPAY INC (CPAY) 9.000 SHARES 3,046 3,046
CORTEVA INC (CTVA) 413.000 SHARES 23,524 23,524
COSTAR GROUP INC (CSGP) 94.000 SHARES 6,729 6,729
COSTCO WHOLESALE CORP (COST) 97.000 SHARES 88,878 88,878
COTY INC CL A (COTY) 193.000 SHARES 1,343 1,343
COUPGANG INC CL A (CPNG) 104.000 SHARES 2,286 2,286
COUSINS PPTYS INC (CUZ) 48.000 SHARES 1,471 1,471
COVESTRO AG SPONSORED (COVTY) 353.000 SHARES 10,223 10,223
CRANE CO (CR) 10.000 SHARES 1,518 1,518
CREDIT ACCEP CORP MICH (CACC) 1.000 SHARES 469 469
CREDIT AGRICOLE SA ADR (CRARY) 4,064.000 SHARES 27,757 27,757
CREDO TECHNOLOGY GROUP HOLDING LIMITED (CRDO) 554.000 SHARES 37,234 37,234
CRH PLC SHS (CRH) 177.000 SHARES 16,376 16,376
CRINETICS PHRAMACEUTICALS (CRNX) 604.000 SHARES 30,883 30,883
CRODA INTL (COIHY) 1,119.000 SHARES 23,465 23,465
CROWDSTRIKE HLDGS INC CL A (CRWD) 11.000 SHARES 3,764 3,764
CROWN CASTLE INC (CCI) 105.000 SHARE 9,530 9,530
CSL LTD SPONSORED (CSLLY) 577.000 SHARES 50,522 50,522
CSW INDUSTRIALS INC (CSW) 66.000 SHARES 23,285 23,285
CSX CORP COM (CSX) 410.000 SHARES 13,231 13,231
CUBESMART (CUBE) 783.000 SHARES 33,552 33,552
CULLEN/FROST BANKERS INC (CFR) 41.000 SHARES 5,504 5,504
CUMMINS INC (CMI) 123.000 SHARES 42,878 42,878
CVS HEALTH CORP (CVS) 751.000 SHARES 33,712 33,712
CYTOKINETICS INC (CYTK) 271.000 SHARES 12,748 12,748
D R HORTON INC COM (DHI) 118.000 SHARES 16,499 16,499
DAI-ICHI LIFE INS CO LTD (DLICY) 1,033.000 SHARES 27,323 27,323
DAITO TR CONSTR CO LTD (DIFTY) 664.000 SHARES 18,086 18,086
DAIWA HOUSE IND LTD (DWAHY) 1,006.000 SHARES 30,884 30,884
DANAHER CORP (DHR) 515.000 SHARES 118,218 118,218
DANSKE BK A/S SPONSORED (DNKEY) 1,529.000 SHARES 21,635 21,635
DARDEN RESTAURANTS INC COM (DRI) 15.000 SHARES 2,800 2,800
DARLING INGREDIENTS INC (DAR) 81.000 SHARES 2,729 2,729
DASSAULT SYS S A (DASTY) 332.000 SHARES 11,434 11,434
DATADOG INC CL A (DDOG) 164.000 SHARES 23,434 23,434
DECKER OUTDOOR CORP (DECK) 8.000 SHARES 1,625 1,625
DEERE & CO (DE) 56.000 SHARES 23,727 23,727
DELEK US HLDGS INC (DK) 1,275.000 SHARES 23,588 23,588
DELL TECHNOLOGIES INC CL C (DELL) 43.000 SHARES 4,955 4,955
DELTA AIRLINES INC (DAL) 375.000 SHARES 22,688 22,688
DENALI THERAPEUTICS INC (DNLI) 1,106.000 SHARES 22,540 22,540
DENTSPLY SIRONA INC (XRAY) 273.000 SHARES 5,182 5,182
DESCARTES SYS GROUP (DSGX) 505.000 SHARES 57,368 57,368
DEUTSCHE BANK AG NAMEN (DB) 250.000 SHARES 4,263 4,263
DEUTSCHE POST AG (DPSGY) 465.000 SHARES 16,229 16,229
DEUTSCHE TELEKOM (DTEGY) 2,127.000 SHARES 63,491 63,491
DEXCOM INC COM (DXCM) 30.000 SHARES 2,333 2,333
DIAMONDROCK HOSPITALITY CO (DRH) 4,492.000 SHARES 40,563 40,563
DICKS SPORTING GOODS INC (DKS) 7.000 SHARES 1,602 1,602
DIGITAL REALTY TR INC(DLR) 80.000 SHARES 14,186 14,186
DILLARDS INC CL A (DDS) 3.000 SHARES 1,295 1,295
DISCOVER FINL SVCS COM (DFS) 78.000 SHARES 13,512 13,512
DISNEY WALT CO DISNEY COM (DIS) 805.000 SHARES 89,637 89,637
DNB BK ASA SPONSORED (DNBBY) 1,022.000 SHARES 20,338 20,338
DOLBY LABORATORIES INC CL A (DLB) 15.000 SHARES 1,172 1,172
DOLLAR GEN CORP (DG) 91.000 SHARES 6,900 6,900
DOLLAR TREE INC (DLTR) 112.000 SHARES 8,393 8,393
DONALDSON INC (DCI) 66.000 SHARES 4,445 4,445
DOORDASH CORP (DASH) 10.000 SHARES 1,678 1,678
DOUGLAS DYNAMICS INC (PLOW) 1,267.000 SHARES 29,939 29,939
DOVER CORP (DOV) 20.000 SHARES 3,752 3,752
DOW INC (DOW) 472.000 SHARES 18,941 18,941
DT MIDSTREAM INC (DTM) 224.000 SHARES 22,272 22,272
DUCOMMUN INC (DCO) 1,111.000 SHARES 70,726 70,726
DUPONT DE NEMOURS INC (DD) 152.000 SHARES 11,590 11,590
DXC TECHNOLOGY CO (DXC) 506.000 SHARES 10,110 10,110
DYNATRACE INC (DT) 664.000 SHARES 36,088 36,088
EAST JAPAN RY CO (EJPRY) 1,484.000 SHARES 13,104 13,104
EAST WEST BANCORP INC (EWBC) 43.000 SHARES 4,118 4,118
EASTGROUP PPTYS INC (EGP) 238.000 SHARES 38,197 38,197
EASTMAN CHEM CO (EMN) 168.000 SHARES 15,342 15,342
EATON CORPORATION PLC (ETN) 137.000 SHARES 45,466 45,466
EBAY INC COM (EBAY) 72.000 SHARES 4,460 4,460
ECOLAB INC (ECL) 294.000 SHARES 68,890 68,890
EDWARDS LIFESCIENCES CORP (EW) 139.000 SHARES 10,290 10,290
ELANCO ANIMAL HEALTH INC (ELAN) 114.000 SHARES 1,381 1,381
ELECTRONIC ARTS INC COM (EA) 68.000 SHARES 9,948 9,948
ELEMENT SOLUTIONS INC (ESI) 43.000 SHARES 1,093 1,093
ELEVANCE HEALTH INC COM (ELV) 127.000 SHARES 46,850 46,850
EMCOR GROUP INC (EME) 10.000 SHARES 4,539 4,539
EMERSON ELEC CO COM (EMR) 195.000 SHARES 24,166 24,166
ENAGAS S A ADR (ENGGY) 1,679.000 SHARES 10,139 10,139
ENCOMPASS HEALTH CORP (EHC) 55.000 SHARES 5,079 5,079
ENDEAVOR GROUP HLDGS INC CL A (EDR) 50.000 SHARES 1,565 1,565
ENPHASE ENERGY INC (ENSG) 25.000 SHARES 1,717 1,717
ENSIGN GROUP INC COM (ENSG) 514.000 SHARES 68,290 68,290
ENVISTA HLDGS CORP (NVST) 95.000 SHARES 1,833 1,833
EPAM SYS INC (EPAM) 4.000 SHARES 935 935
EQUINIX INC COM (EQIX) 22.000 SHARES 20,744 20,744
EQUITABLE HLDGS INC (EQH)42.000 SHARES 1,981 1,981
EQUITY LIFESTYLE PPTYS INC (ELS) 46.000 SHARES 3,064 3,064
EQUITY RESIDENTIAL SH BEN INT (EQR) 153.000 SHARES 10,979 10,979
ERICSSON L M TEL CO ADR (ERIC) 108.000 SHARES 870 870
ERIE INDTY CO CL A (ERIE) 3.000 SHARES 1,237 1,237
ERSTE BK GROUP AG SPONS ADR (EBKDY) 906.000 SHARES 27,841 27,841
ESAB CORP (ESAB) 18.000 SHARES 2,159 2,159
ESSENT GROUP LTD (ESNT) 78.000 SHARES 4,246 4,246
ESSENTIAL UTILS INC (WTRG) 21.000 SHARES 763 763
ESSEX PPTY TR INC (ESS) 25.000 SHARES 7,136 7,136
ESSILOR INTL S A (ESLOY) 92.000 SHARES 11,102 11,102
EURONET WORLDWIDE INC (EEFT) 25.000 SHARES 2,571 2,571
EVERCORE INC CL A (EVR) 118.000 SHARES 32,708 32,708
EVEREST REINSURANCE GROUP LTD (RE) 27.000 SHARES 9,786 9,786
EVERSOURCE ENERGY COM (ES) 165.000 SHARES 9,476 9,476
EVERUS CONSTR GROUP INC (ECG) 2.000 SHARES 132 132
EXACT SCIENCES CORP (EXAS) 24.000 SHARES 1,349 1,349
EXELON CORP COM (EXC) 509.000 SHARES 19,159 19,159
EXPEDIA GROUP INC (EXPE) 8.000 SHARES 1,491 1,491
EXTRA SPACE STORAGE INC (EXR) 85.000 SHARES 12,716 12,716
F N B CORP (FNB) 268.000 SHARES 3,961 3,961
F&G AUNTIES & LIFE INC (FG) 6.000 SHARES 249 249
FASTENAL CO (FAST) 105.000 SHARES 7,551 7,551
FEDERAL RLTY INVT TR (FRT) 47.000 SHARES 5,262 5,262
FEDEX CORP (FDX) 99.000 SHARES 27,852 27,852
FERGUSON ENTERPRISES INC (FERG) 191.000 SHARES 33,152 33,152
FIDELITY NATL FINL FNF GROUP (FNF) 107.000 SHARES 6,007 6,007
FIDELITY NATL INFORMARTION SVCS INC (FIS) 298.000 SHARES 24,069 24,069
FIFTH THIRD BANCORP COM (FITB) 792.000 SHARES 33,486 33,486
FIRST AMERN FINL CORP (FAF) 9.000 SHARES 562 562
FIRST CTZNS BANCSHARES INC N C CL A (FCNCA) 1.000 SHARES 2,113 2,113
FIRST FINL BANKSHARES INC (FFIN) 7.000 SHARES 252 252
FIRST HORIZON CORP (FHN) 250.000 SHARES 5,035 5,035
FISERV INC (FI) 66.000 SHARES 13,558 13,558
FIVE BELOW INC (FIVE) 10.000 SHARES 1,050 1,050
FLEX LTD (FLEX) 55.000 SHARES 2,111 2,111
FLOOR & DECOR HLDGS INC CL A (FND) 2.000 SHARES 199 199
FLOWERS FOODS INC (FLO) 708.000 SHARES 14,627 14,627
FMC CORP COM NEW (FMC) 83.000 SHARES 4,035 4,035
FORD MOTOR CO DEL COM PAR (F) 1,823.000 SHARES 18,048 18,048
FORTINET INC (FTNT) 41.000 SHARES 3,874 3,874
FORTIVE CORP (FTV) 442.000 SHARES 33,150 33,150
FORTUNE BRANDS INNOVATIONS INC (FBIN) 31.000 SHARES 2,118 2,118
FOX CORP CL A (FOXA) 88.000 SHARES 4,275 4,275
FRANKLIN RES INC (BEN) 78.000 SHARES 1,583 1,583
FRESENIUS MED CARE AG (FMS) 593.000 SHARES 13,426 13,426
FRESENIUS SE & CO KGAA (FSNUY) 1,555.000 SHARES 13,606 13,606
FRESHPET INC (FRPT) 246.000 SHARES 36,435 36,435
FRESHWORKS INC CL A (FRSH) 1,514.000 SHARES 24,481 24,481
FRONTIER COMMUNICATIONS PARENT INC (FYBR) 71.000 SHARES 2,464 2,464
FTAI AVIATION LTD (FTAI) 581.000 SHARES 40,475 40,475
FTI CONSULTING INC (FCN) 9.000 SHARES 1,720 1,720
FUJIFILM HLDGS CORP (FUJIY) 1,048.000 SHARES 10,826 10,826
G III APPAREL GROUP LTD (GIII) 561.000 SHARES 18,300 18,300
GALLAGHER ARTHUR J & CO (AJG) 196.000 SHARES 55,635 55,635
GAMESTOP COR NEW CL A (GME) 51.000 SHARES 1,598 1,598
GAP INC (GAP) 40.000 SHARES 945 945
GARTNER INC COM (IT) 21.000 SHARES 10,174 10,174
GATES INDUSTRIAL CORPORTATION PLC (GTES) 2,701.000 SHARES 55,560 55,560
GE HEALTHCARE TECHNOLOGIES (GEHC) 118.000 SHARES 9,225 9,225
GENERAL MILLS INC COM (GIS) 133.000 SHARES 8,481 8,481
GENESCO INC COM (GCO) 946.000 SHARES 40,442 40,442
GENPACT LTD (G) 4.000 SHARES 172 172
GENTEX CORP (GNTX) 276.000 SHARES 7,929 7,929
GENUINE PARTS CO COM (GPC) 34.000 SHARES 3,970 3,970
GILEAD SCIENCES INC COM (GILD) 47.000 SHARES 4,341 4,341
GLACIER BANCORP INC (GBCI) 55.000 SHARES 2,762 2,762
GLAUKOS CORP (GKOS) 409.000 SHARES 61,325 61,325
GLOBAL LIFE INC (GL) 12.000 SHARES 1,338 1,338
GLOBAL PMTS INC (GPN) 179.000 SHARES 20,059 20,059
GLOBANT S A COM (GLOB) 86.000 SHARES 18,440 18,440
GLOBUS MED INC CL A (GMED) 1,164.000 SHARES 96,274 96,274
GODADDY INC CL A (GDDY) 5.000 SHARES 987 987
GOLDMAN SACHS GROUP INC (GS) 275.000 SHARES 157,471 157,471
GOODYEAR TIRE & RUBR CO (GT) 63.000 SHARES 567 567
GOOSEHEAD INS INC COM CL A (GSHD) 312.000 SHARES 33,453 33,453
GRAINGER WW INC (GWW) 7.000 SHARES 7,378 7,378
GRAPHIC PACKAGING HLDG CO (GPK) 83.000 SHARES 2,254 2,254
GREENBRIER COS INC (GBX) 721.000 SHARES 43,974 43,974
GROUP 1 AUTOMOTIVE INC COM (GPI) 189.000 SHARES 79,660 79,660
GSK PLC SPONSORED ADR NEW (GSK) 28.000 SHARES 947 947
HALLIBURTON CO (HAL) 2,894.000 SHARES 78,688 78,688
HAMILTON LANE INC CL A (HLNE) 342.000 SHARES 50,633 50,633
HANG LUNG PPTYS LTD (HLPPY) 5,690.000 SHARES 22,248 22,248
HANNOVER RUECK SE SPONS (HVRRY) 1,305.000 SHARES 54,216 54,216
HANOVER INS GROUP INC (THG) 44.000 SHARES 6,805 6,805
HARLEY DAVIDSON INC (HOG) 10.000 SHARES 301 301
HARTFORD FINL SVCS GROUP INC (HIG) 294.000 SHARES 32,164 32,164
HASBRO INC (HAS) 28.000 SHARES 1,565 1,565
HCA HEALTHCARE INC (HCA) 20.000 SHARES 6,003 6,003
HEALTHEQUITY INC (HQY) 295.000 SHARES 28,305 28,305
HEALTHPEAK PPTYS INC (DOC) 105.000 SHARES 2,128 2,128
HEICO CORP (HEI) 23.000 SHARES 5,468 5,468
HENDERSON GROUP PLC (JHG) 31.000 SHARES 1,318 1,318
HENKEL AG & CO KGAA (HENKY) 825.000 SHARES 15,807 15,807
HENKEL AG & CO KGAA (HENOY) 312.000 SHARES 6,783 6,783
HENRY JACK & ASSOC INC (JKHY) 38.000 SHARES 6,661 6,661
HERSHEY CO (HSY) 88.000 SHARES 14,903 14,903
HEWLETT PACKARD ENTERPRISE CO COM (HPE) 644.000 SHARES 13,749 13,749
HEXCEL CORP (HXL) 100.000 SHARES 6,270 6,270
HF SINCLAIR CORP (DINO) 1,173.000 SHARES 41,114 41,114
HILTON GRAND VACATIONS INC (HGV) 43.000 SHARES 1,675 1,675
HILTON WORLDWIDE HLDGS INC COM NEW (HLT) 26.000 SHARES 6,426 6,426
HOLOGIC INC (HOLX) 67.000 SHARES 4,830 4,830
HOME BANCSHARES INC (HOMB) 60.000 SHARES 1,698 1,698
HOME DEPOT INC (HD) 110.000 SHARES 42,789 42,789
HONDA MTR LTD (HMC) 3,499.000 SHARES 99,896 99,896
HORMEL FOODS CORP (HRL) 142.000 SHARES 4,455 4,455
HOST HOTELS & RESORTS INC (HST) 254.000 SHARES 4,450 4,450
HOULIHAN LOKEY INC CL A (HLI) 283.000 SHARES 49,146 49,146
HOWARD HUGHES HLDGS INC (HHH) 34.000 SHARES 2,615 2,615
HOWMET AEROSPACE INC (HWM) 70.000 SHARES 7,666 7,666
HOYA CORP (HOCPY) 232.000 SHARES 28,768 28,768
HP INC COM (HPQ) 108.000 SHARES 3,524 3,524
HSBC HLDGS PLC SPONS ADR NEW (HSBC) 4,164.000 SHARES 205,951 205,951
HUMANA INC COM (HUM) 50.000 SHARES 12,686 12,686
HUNT J B TRANS SVCS INC COM (JBHT) 113.000 SHARES 19,285 19,285
HUNTINGTON BANCSHARES INC COM (HBAN) 682.000 SHARES 11,096 11,096
HUNTSMAN CORP (HUN) 103.000 SHARES 1,857 1,857
HYATT HOTELS CORP (H) 30.000 SHARES 4,709 4,709
IAC INC (IAC) 43.000 SHARES 1,855 1,855
ICON PLC LTD (ICLR) 10.000 SHARES 2,097 2,097
IDEX CORP (IEX) 2.000 SHARES 419 419
ILLINOIS TOOL WORKS INC (ITW) 107.000 SHARES 27,131 27,131
ILLUMINA INC (ILMN) 40.000 SHARES 5,345 5,345
INDEPENDENCE RLTY TR INC (IRT) 35.000 SHARES 694 694
INDEPENDENT BK GROUP INC (IBTX) 736.000 SHARES 44,653 44,653
INDUSTRIA DE DISENO TEXTIL (IDEXY) 1,375.000 SHARES 35,076 35,076
INFINEON TECHNOLOGIES AG (IFNNY) 119.000 SHARES 3,859 3,859
ING GROEP N V (ING) 4,951.000 SHARES 77,582 77,582
INGERSOLL RAND INC COM (IR) 44.000 SHARES 3,980 3,980
INGREDION INC (INGR) 30.000 SHARES 4,127 4,127
INNOSPEC INC COM (IOSP) 434.000 SHARES 47,766 47,766
INSIGHT ENTERPRISES INC (NSIT) 11.000 SHARES 1,673 1,673
INSMED INC (INSM) 535.000 SHARES 36,936 36,936
INSTALLED GLDG PRODS INC (IBP) 221.000 SHARES 38,730 38,730
INSTEEL INDS INC COM (IIIN) 754.000 SHARES 20,357 20,357
INTEL CORP (INTC) 1,773.000 SHARES 35,549 35,549
INTERACTIVE BROKERS GROUP INC CL A (IBKR) 15.000 SHARES 2,650 2,650
INTERCONTINENTAL EXCHANGE INC COM (ICE) 320.000 SHARES 47,683 47,683
INTERNATIONAL BUSINESS MACHS CORP (IBM) 269.000 SHARES 59,134 59,134
INTERNATIONAL FLAVORS & FRAGRANCES INC COM (IFF) 332.000 SHARES 28,071 28,071
INTERNATIONAL PAPER CO (IP) 61.000 SHARES 3,283 3,283
INTERPUBLIC GROUP COS INC (IPG) 146.000 SHARES 4,091 4,091
INTESA SANPAOLO S P A (ISNPY) 3,625.000 SHARES 87,544 87,544
INTUIT INCORPORATED (INTU) 227.000 SHARES 142,670 142,670
INTUITIVE SURGICAL INC (ISRG) 68.000 SHARES 35,493 35,493
INVESCO LTD (IVZ) 124.000 SHARES 2,168 2,168
INVITATION HOMES INC (INVH) 254.000 SHARES 8,120 8,120
IONIS PHARMACEUTICALS (IONS) 57.000 SHARES 1,993 1,993
IQVIA HLDGS INC COM (IQV) 14.000 SHARES 2,751 2,751
IRON MTN INC (IRM) 32.000 SHARES 3,364 3,364
ISUZU MTRS LTD (ISUZY) 1,524.000 SHARES 21,146 21,146
J SAINSBURY PLC SPONSORED ADR NEW (JSAIY) 1,066.000 SHARES 14,849 14,849
JABIL INC (JBL) 22.000 SHARES 3,166 3,166
JACKSON FINL INC CL A (JXN) 38.000 SHARES 3,309 3,309
JAMES HARDIE INDS NV SPONS (JHX) 689.000 SHARES 21,228 21,228
JAPAN AIRLS LTD (JAPSY) 1,456.000 SHARES 11,502 11,502
JAZZ PHARMACEUTICALS PLC (JAZZ) 60.000 SHARES 7,389 7,389
JFROG LTD (FROG) 694.000 SHARES 20,411 20,411
JOHN BEAN TECHNOLOGIES CORP COM (JBT) 459.000 SHARES 58,339 58,339
JOHNSON & JOHNSON (JNJ) 694.000 SHARES 100,366 100,366
JOHNSON CTLS INTL PLC (JCI) 153.000 SHARES 12,076 12,076
JONES LANG LASALLE INC (JLL) 76.000 SHARES 19,239 19,239
JP MORGAN CHASE & CO (JPM) 1,345.000 SHARES 322,410 322,410
JULIUS BAER GROUP LTD ADR (JBAXY) 387.000 SHARES 4,938 4,938
JUNIPER NETWORKS INC (JNPR) 131.000 SHARES 4,906 4,906
KB HOME (KB) 25.000 SHARES 1,643 1,643
KBC GROUP NV (KBCSY) 226.000 SHARES 8,717 8,717
KBR INC (KBR) 115.000 SHARES 6,662 6,662
KDDI CORP (KDDIY) 1,533.000 SHARES 24,359 24,359
KELLANOVA COM (K) 78.000 SHARES 6,316 6,316
KENVUE INC (KVUE) 611.000 SHARES 13,045 13,045
KERRY GROUP PLC (KRYAY) 314.000 SHARES 31,381 31,381
KEURIG DR PEPPER INC COM (KDP) 563.000 SHARES 18,084 18,084
KEYCORP NEW COM (KEY) 399.000 SHARES 6,839 6,839
KEYSIGHT TECHNOLOGIES INC (KEYS) 2.000 SHARES 321 321
KILROY RLTY CORP (KRC) 45.000 SHARES 1,820 1,820
KIMBERLY-CLARK CORP COM (KMB) 51.000 SHARES 6,683 6,683
KIMCO RLTY CORP (KIM) 411.000 SHARES 9,630 9,630
KINGFISHER PLC (KGFHY) 1,657.000 SHARES 10,124 10,124
KINSALE CAP GROUP INC COM (KNSL) 94.000 SHARES 43,722 43,722
KIRBY CORP (KEX) 55.000 SHARES 5,819 5,819
KITE RLTY GROUP TR (KRG) 185.000 SHARES 4,669 4,669
KLA CORP COM (KLAC) 53.000 SHARES 33,396 33,396
KNIFE RIV CORP (KNF) 500.000 SHARES 50,820 50,820
KOITO MFG CO LTD (KOTMY) 414.000 SHARES 5,204 5,204
KONE OYJ ADR (KNYJY) 519.000 SHARES 12,632 12,632
KONINKLIJKE AHOLD NV (ADRNY) 703.000 SHARES 22,911 22,911
KOPPERS HLDGS INC (KOP) 1,022.000 SHARES 33,113 33,113
KRAFT HEINZ (KHC) 400.000 SHARES 12,284 12,284
KROGER CO COM (KR) 172.000 SHARES 10,518 10,518
KRYSTAL BIOTECH INC (KRYS) 146.000 SHARES 22,872 22,872
KUBOTA CORP ADR (KUBTY) 443.000 SHARES 25,610 25,610
KURA SUSHI USA INC CL A (KRUS) 310.000 SHARES 28,080 28,080
KYOCERA CORP ADR (KYOCY) 3,853.000 SHARES 38,260 38,260
LABORATORY CORP AMER HLDGS COM NEW (LH) 33.000 SHARES 7,568 7,568
LAM RESH CORP COM (LRCX) 43.000 SHARES 3,106 3,106
LAMAR ADVERTISING (LAMR) 14.000 SHARES 1,704 1,704
LANCASTER COLONY CORP (LANC) 2.000 SHARES 346 346
LANTHEUS HLDGS INC COM (LNTH) 656.000 SHARES 58,686 58,686
LAUDER ESTEE COS INC CL A (EL) 66.000 SHARES 4,949 4,949
LAZARD INC (LAZ) 9.000 SHARES 463 463
LEAR CORP (LEA) 42.000 SHARES 3,977 3,977
LEGAL & GEN GROUP PLC (LGGNY) 868.000 SHARES 12,577 12,577
LENNAR CORP CL B (LENB) 100.000 SHARES 13,215 13,215
LIBERTY GLOBAL LTD (LBTYA) 340.000 SHARES 4,468 4,468
LIBERTY MEDIA CORP (FWONK) 2.000 SHARES 185 185
LILLY ELI & CO COM (LLY) 67.000 SHARES 51,724 51,724
LIMBACH HLDGS INC (LMB) 388.000 SHARES 33,190 33,190
LINCOLN NATL CORP IND (LNC) 94.000 SHARES 2,981 2,981
LINDE PLC (LIN) 166.000 SHARES 69,499 69,499
LINEAGE INC (LINE) 44.000 SHARES 2,577 2,577
LITHIA MTRS INC (LAD) 10.000 SHARES 3,574 3,574
LIVE NATION ENTNMT INC (LYV) 19.000 SHARES 2,461 2,461
LKQ CORP (LKQ) 170.000 SHARES 6,248 6,248
LLOYDS BANKING GROUP PLC SPONS ADR (LYG) 19,443.000 SHARES 52,885 52,885
LOREAL CO (LRLCY) 211.000 SHARES 14,857 14,857
LOUISIANA-PAC CORP (LPX) 18.000 SHARES 1,864 1,864
LOWES CORP (L) 174.000 SHARES 14,736 14,736
LOWES COS INC COM (LOW) 28.000 SHARES 6,910 6,910
LPL FINL HLDGS INC COM (LPLA) 14.000 SHARES 4,571 4,571
LUCID GROUP INC (LCID) 354.000 SHARES 1,069 1,069
LULULEMON ATHLETICA INC COM (LULU) 92.000 SHARES 35,182 35,182
LUMEN TECHNOLOGIES (LUMN) 182.000 SHARES 966 966
LY CORP ADR (YAHOY) 2,580.000 SHARES 13,545 13,545
LYONDELLBASELL INDUSTRIES N V ORD (LYB) 499.000 SHARES 37,061 37,061
M & T BK CORP COM (MTB) 77.000 SHARES 14,477 14,477
MACOM TECHNOLOGY SOLUTIONS HLDGS (MTSI) 369.000 SHARES 47,937 47,937
MACYS INC (M) 145.000 SHARES 2,455 2,455
MADDEN STEVEN LTD COM (SHOO) 717.000 SHARES 30,487 30,487
MADIRGAL PHARMACEUTICALS (MDGL) 1.000 SHARES 309 309
MAGNERA CORP (MAGN) 10.000 SHARES 182 182
MALIBU BOATS INC COM CL A (MBUU) 50.000 SHARES 1,880 1,880
MANPOWERGROUP INC (MAN) 49.000 SHARES 2,828 2,828
MAPLEBEAR INC (CART) 21.000 SHARES 870 870
MARKELL GROUP INC (MKL) 6.000 SHARES 10,357 10,357
MARKETAXESS HLDGS INC (MKTX) 452.08 452 452
MARRIOTT INTL INC NEW CL A (MAR) 111.000 SHARES 30,962 30,962
MARRIOTT VACATIONS WORLDWIDE CORP (VAC) 8.000 SHARES 718 718
MARSH & MCLENNAN COS INC COM (MMC) 61.000 SHARES 12,957 12,957
MARTIN MARIETTA MATLS INC (MLM) 11.000 SHARES 5,682 5,682
MARVELL TECHNOLOGY INC COM (MRVL) 732.000 SHARES 80,849 80,849
MASTEC INC (MTZ) 4.000 SHARES 545 545
MASTERCARD INC CL A (MA) 174.000 SHARES 91,623 91,623
MATERION CORP (MTRN) 784.000 SHARES 77,522 77,522
MATTEL INC (MAT) 277.000 SHARES 4,911 4,911
MAXIMUS INC COM (MMS) 18.000 SHARES 1,344 1,344
MAZDA MTR CORP (MZDAY) 6,364.000 SHARES 21,447 21,447
MCCORMICK & CO INC COM NON VTG (MKC) 22.000 SHARES 1,677 1,677
MCDONALDS CORP (MCD) 69.000 SHARES 20,002 20,002
MCKESSON CORP (MCK) 17.000 SHARES 9,688 9,688
MDU RES GROUP INC (MDU) 402.000 SHARES 7,244 7,244
MEDPACE HLDGS INC (MEDP) 6.000 SHARES 2,977 2,977
MEDTRONIC PLC (MDT) 647.000 SHARES 51,682 51,682
MERCADOLIBRE INC (MELI) 2.000 SHARES 3,401 3,401
MERCANTILE BK CORP (MBWM) 1,264.000 SHARES 56,235 56,235
MERCEDES-BENZ GROUP AG (MBGYY) 6,518.000 SHARES 90,079 90,079
MERCK & CO INC (MRK) 5,524.000 SHARES 549,528 549,528
MERCK & CO INC (MRK) 553.000 SHARES 55,012 55,012
MERCK KGAAA SPONSORED (MKKGY) 937.000 SHARES 26,826 26,826
MERIT MED SYS INC (MMSI) 477.000 SHARES 46,135 46,135
MERITAGE HOMES CORP (MTH) 8.000 SHARES 1,231 1,231
META PLATFORMS INC CL A (META) 155.000 SHARES 90,754 90,754
METALLUS INC (MTUS) 2,545.000 SHARES 35,961 35,961
METLIFE INC COM (MET) 314.000 SHARES 25,710 25,710
MGIC INVT CORP WIS (MTG) 149.000 SHARES 3,533 3,533
MICHELIN COMPAGNIE GENERALE DES ESTABLISH (MGDDY) 666.000 SHARES 10,916 10,916
MICROCHIP TECHNOLOGY INC (MU) 28.000 SHARES 1,606 1,606
MICRON TECHNOLOGY INC COM (MU) 205.000 SHARES 17,253 17,253
MICROSOFT CORP (MSFT) 1,695.000 SHARES 714,443 714,443
MICROSTRATEGY INC CL A (MSTR) 51.000 SHARES 14,771 14,771
MID-AMER APT CMNTYS INC (MAA) 34.000 SHARES 5,255 5,255
MIDDLEBY CORP (MIDD) 50.000 SHARES 6,773 6,773
MIRION TECHNOLOGIES INC CL A (MIR) 1,838.000 SHARES 32,073 32,073
MITSUBISHI ESTATE LTD ADR (MITEY) 1,206.000 SHARES 16,775 16,775
MITSUBISHI UFJ FINANCIAL GROUP INC (MUFG) 16,324.000 SHARES 190,262 190,262
MIZUHO FINANCIAL GROUP INC (MFG) 20,740.000 SHARES 101,419 101,419
MKS INSTRS INC COM (MKSI) 498.000 SHARES 51,986 51,986
MODERNA INC (MRNA) 95.000 SHARES 3,950 3,950
MODINE MFG CO (MOD) 358.000 SHARES 41,503 41,503
MOHAWK INDS INC (MHK) 24.000 SHARES 2,859 2,859
MOLINA HEALTHCARE INC (MOH) 9.000 SHARES 2,619 2,619
MOLSON COORS BEVERAGES CO CL B (TAP) 47.000 SHARES 2,694 2,694
MONDELEZ INTL INC CL A (MDLZ) 450.000 SHARES 26,879 26,879
MONGOBD INC CL A (MDB) 2.000 SHARES 466 466
MONOLITHIC PWR SYS INC (MPWR) 62.000 SHARES 36,685 36,685
MONSTER BEVERAGE CORP (MNST) 140.000 SHARES 7,358 7,358
MONTROSE ENVIRONMENTAL GROUP INC COM (MEG) 711.000 SHARES 13,189 13,189
MOOG INC CL A (MOGA) 15.000 SHARES 2,953 2,953
MORGAN STANLEY (MS) 567.000 SHARES 71,283 71,283
MOSAIC CO (MOS) 199.000 SHARES 4,891 4,891
MS&AD INS GROUP HLDGS (MSADY) 731.000 SHARES 15,914 15,914
MSA SAFETY INC (MSA) 9.000 SHARES 1,492 1,492
MSC INDL DIRECT INC CL A (MSM) 58.000 SHARES 4,332 4,332
MSCI INC COM (MSCI) 46.000 SHARES 27,600 27,600
MURATA MFG CO LTD (MRAAY) 3,185.000 SHARES 25,448 25,448
NAPCO SEC TECHNOLOGIES INC (NSSC) 699.000 SHARES 24,856 24,856
NASDAQ INC COM (NDAQ) 66.000 SHARES 5,025 5,025
NATIONAL AUSTRALIA BANK LTD (NABZY) 2,933.000 SHARES 33,554 33,554
NATIONAL GRID PLC (NGG) 131.000 SHARES 7,784 7,784
NATWEST GROUP PLC SPONSORED ADR (NWG) 4,377.000 SHARES 44,514 44,514
NETFLIX INC COM (NFLX) 58.000 SHARES 51,697 51,697
NEW JERSEY RES CORP (NJR) 243.000 SHARES 11,336 11,336
NEWMARKET CORP (NEU) 2.000 SHARES 1,057 1,057
NEWMONT CORP (NEM) 604.000 SHARES 22,481 22,481
NEWS CORP NEW CL B (NWS) 319.000 SHARES 9,707 9,707
NEXSTAR MEDIA GROUP INC CL A (NXST) 425.000 SHARES 67,137 67,137
NEXTRACKER INC CL A (NXT) 146.000 SHARES 5,333 5,333
NIKE INC CL B (NKE) 811.000 SHARES 61,368 61,368
NIPPON YUSEN KABUSHIKI KAISHA (NPNYY) 2,778.000 SHARES 18,418 18,418
NISOURCE INC COM (NI) 234.000 SHARES 8,602 8,602
NISSAN MOTOR LTD SPON ADR (NSANY) 4,640.000 SHARES 28,211 28,211
NN GROUP NV (NNGRY) 505.000 SHARES 11,029 11,029
NNN REIT INC (NNN) 130.000 SHARES 5,311 5,311
NOBLE CORPORATION (NE) 61.000 SHARES 1,915 1,915
NOKIA CORP SPONSORED ADR (NOK) 3,845.000 SHARES 17,033 17,033
NOMURA HLDGS INC SPONSORED (NMR) 6,405.000 SHARES 37,085 37,085
NORDEA BK ABP (NRDBY) 3,087.000 SHARES 33,617 33,617
NORDSON CORP (NDSN) 1.000 SHARES 209 209
NORTHERN TR CORP (NTRS) 85.000 SHARES 8,713 8,713
NORTHRIM BANCORP INC (NRIM) 389.000 SHARES 30,319 30,319
NORWEIGAN CRUISE LINE HLDGS LTD (NCLH) 29.000 SHARES 746 746
NOV INC (NOV) 3,273.000 SHARES 47,786 47,786
NOVANTA INC (NOVT) 184.000 SHARES 28,110 28,110
NOVARTIS AG (NVS) 243.000 SHARES 23,646 23,646
NOVO NORDISK A.S.(NVO) 530.000 SHARES 45,591 45,591
NVENT ELECTRIC PLC (NVT) 39.000 SHARES 2,658 2,658
NVIDIA CORP (NVDA) 3,631.000 SHARES 487,607 487,607
NVR INC (NVR) 1.000 SHARES 8,179 8,179
NXP SEMICONDUCTORS NV COM (NXPI) 120.000 SHARES 24,942 24,942
O REILLY AUTOMTIVE INC (ORLY) 8.000 SHARES 9,486 9,486
OKTA INC CL A (OKTA) 13.000 SHARES 1,024 1,024
OLD NATL BANCORP IND (ONB) 117.000 SHARES 2,539 2,539
OLD REP INTL CORP (ORI) 156.000 SHARES 5,646 5,646
OMEGA HEALTHCARE INVS INC (OHI) 148.000 SHARES 5,602 5,602
OMNICELL INC COM (OMCL) 729.000 SHARES 32,455 32,455
OMNICOM GROUP INC (OMC) 88.000 SHARES 7,572 7,572
OMRON CORP SPONSORED ADR (OMRNY) 284.000 SHARES 9,531 9,531
ONEMAN HLDGS INC (OMF) 57.000 SHARES 2,971 2,971
ONTO INNOVATION INC (ONTO) 400.000 SHARES 66,668 66,668
OPTION CARE HEALTH INC COM NEW (OPCH) 1,147.000 SHARES 26,610 26,610
ORACLE CORP COM (ORCL) 143.000 SHARES 23,830 23,830
ORANGE SPONSORED ADR (ORAN) 1,624.000 SHARES 15,980 15,980
ORIX CORP (IX) 642.000 SHARES 68,200 68,200
ORMAT TECHNOLOGIES INC (ORA) 10.000 SHARES 677 677
ORSTED A/S (DNNGY) 454.000 SHARES 6,778 6,778
OTIS WORLDWIDE CORP (OTIS) 25.000 SHARES 2,315 2,315
OVERSEA CHINEASE BKG CORP LTD ADR (OVCHY) 3,819.000 SHARES 93,627 93,627
OWENS CORNING NEW COM (OC) 15.000 SHARES 2,555 2,555
OXFORD INDS INC COM (OXM) 267.000 SHARES 21,034 21,034
PACCAR INC COM (PCAR) 112.000 SHARES 11,650 11,650
PACKAGING CORP AMER (PKG) 185.000 SHARES 41,649 41,649
PALANTIR TECHNOLOGIES INC CL A (PLTR) 132.000 SHARES 9,983 9,983
PALO ALTO NETWORKS INC COM (PANW) 288.000 SHARES 52,404 52,404
PANASONIC HLDGS CORP (PCRFY) 4,458.000 SHARES 45,695 45,695
PARAMOUNT GLOBAL CL B (PARA) 269.000 SHARES 2,814 2,814
PATHWARD FINL INC (CASH) 6.000 SHARES 441 441
PATRICK IND INC (PATK) 456.000 SHARES 37,884 37,884
PAYCHEX INC (PAYX) 31.000 SHARES 4,347 4,347
PAYPAL HLDGS INC (PYPL) 261.000 SHARES 22,276 22,276
PBF ENERGY INC CL A (PBF) 902.000 SHARES 23,948 23,948
PC CONNECTION INC (CNXN) 468.000 SHARES 32,418 32,418
PDF SOLUTIONS INC COM (PDFS) 413.000 SHARES 11,184 11,184
PENSKE AUTOMOTIVE GROUP INC (PAG) 13.000 SHARES 1,982 1,982
PEPSICO INC (PEP) 570.000 SHARES 86,674 86,674
PERRIGO CO PLC (PRGO) 127.000 SHARES 3,265 3,265
PERSIMMON ADR (PSMMY) 320.000 SHARES 9,600 9,600
PFIZER INC (PFE) 2,390.000 SHARES 63,407 63,407
PHILLIPS 66 (PSX) 724.000 SHARES 82,485 82,485
PINNACLE FINL PARTNERS INC (PNFP) 779.000 SHARES 89,110 89,110
PNC FINL SVCS GROUP INC COM (PNC) 279.000 SHARES 53,805 53,805
POPULAR INC (BPOP) 32.000 SHARES 3,010 3,010
PORSCHE AUTOMOBIL HLDG SE (POAHY) 4,863.000 SHARES 17,944 17,944
PORTLAND GEN ELEC CO (POR) 25.000 SHARES 1,091 1,091
POST HLDGS INC (POST) 13.000 SHARES 1,488 1,488
PPG INDS INC (PPG) 77.000 SHARES 9,198 9,198
PREFERRED BK LOS ANGELES CALIF (PTBC) 704.000 SHARES 60,812 60,812
PRICE T ROWE GROUP INC (TROW) 21.000 SHARES 2,375 2,375
PRIMERICA INC (PRI) 12.000 SHARES 3,257 3,257
PRINCIPAL FINL GROUP INC COM (PFG) 159.000 SHARES 12,308 12,308
PROCEPT BIOROBOTICS CORP (PRCT) 571.000 SHARES 45,977 45,977
PROCORE TECHNOLOGIES INC (PCOR) 627.000 SHARES 46,981 46,981
PROCTER & GAMBLE CO (PG) 645.000 SHARES 108,134 108,134
PROGRESSIVE CORP OH (PGR) 446.000 SHARES 106,866 106,866
PROLOGIS INC (PLD) 501.000 SHARES 52,956 52,956
PROSPERITY BANCSHARES INC (PB) 49.000 SHARES 3,692 3,692
PROSUS N V ADR (PROSY) 2,705.000 SHARES 21,478 21,478
PRUDENTIAL FINL INC (PRU) 194.000 SHARES 22,995 22,995
PRYSMIAN SPA (PRYMY) 1,080.000 SHARES 34,495 34,495
PT BK RAKYAT (BKRKY) 1,717.000 SHARES 21,291 21,291
PTC INC (PTC) 41.000 SHARES 7,539 7,539
PUBLIC STORAGE (PSA) 9.000 SHARES 2,695 2,695
PUBLICIS S A NEW SPONS ADR (PUBGY) 252.000 SHARES 6,686 6,686
PULTEGROUP INC COM (PHM) 53.000 SHARES 5,772 5,772
PVH CORP (PVH) 5.000 SHARES 529 529
QCR HLDGS INC (QCRH) 626.000 SHARES 50,481 50,481
QORVO INC (QRVO) 28.000 SHARES 1,958 1,958
QUALCOMM INC (QCOM) 237.000 SHARES 36,408 36,408
QUANTA SVCS INC COM (PWR) 61.000 SHARES 19,279 19,279
QUEST DIAGNOSTICS INC COM (DGX) 36.000 SHARES 5,431 5,431
RADNET INC (RDNT) 812.000 SHARES 56,710 56,710
RALPH LAUREN CORP CL A (RL) 4.000 SHARES 924 924
RAYMOND JAMES FINL INC (RJF) 86.000 SHARES 13,358 13,358
RAYONEIR INC (RYN) 129.000 SHARES 3,367 3,367
RBC BEARINGS INC (RBC) 5.000 SHARES 1,496 1,496
REALTY INCOME CORP (O) 436.000 SHARES 23,287 23,287
RECKITT BENCKISER PLC SPONSORED (RBGLY) 866.000 SHARES 10,409 10,409
REDEIA CORPORACION S A ADR (RDEIY) 1,609.000 SHARES 13,660 13,660
REGAL REXNORD CORP COM (RRX) 20.000 SHARES 3,103 3,103
REGENCY CTRS CORP (REG) 90.000 SHARES 6,654 6,654
REGENERON PHARMACEUTICALS INC (REGN) 28.000 SHARES 19,945 19,945
REGIONS FINL CORP NEW COM (RF) 430.000 SHARES 10,114 10,114
REINSURANCE GROUP AMER INC (RGA) 334.000 SHARES 71,352 71,352
RELIANCE STL & ALUM CO (RS) 154.000 SHARES 41,466 41,466
RELX PLC (RELX) 743.000 SHARES 33,747 33,747
RENAISSANCE RE HOLDINGS LTD (RNR) 27.000 SHARES 6,718 6,718
RENAULT S A ADR (RNLSY) 606.000 SHARES 5,818 5,818
REPUBLIC SVCS INC COM (RSG) 60.000 SHARES 12,071 12,071
RESMED INC (RMD) 1.000 SHARES 229 229
REVOLUTION MEDECINES INC (RVMD) 45.000 SHARES 1,968 1,968
REXEL SA ADR (RXEEY) 747.000 SHARES 19,067 19,067
REXFORD INDL RLTY INC (REXR) 38.000 SHARES 1,469 1,469
REYNOLDS CONSUMER PRODS INC (REYN) 153.000 SHARES 4,129 4,129
RITHM CAPITAL CORP (RITM) 350.000 SHARES 3,791 3,791
RIVIAN AUTOMOTIVE INC CL A (RIVN) 253.000 SHARES 3,365 3,365
RLI CORP (RLI) 29.000 SHARES 4,780 4,780
RLJ LODGING TR L P COM (RLJ) 181.000 SHARES 1,848 1,848
ROBERT HALF INTL INC (RHI) 66.000 SHARES 4,650 4,650
ROBINHOOD MKTS INC (HOOD) 112.000 SHARES 4,173 4,173
ROBLOX CORP (RBLX) 5.000 SHARES 289 289
ROCHE HLDGS LTD (RHHBY) 678.000 SHARES 23,649 23,649
ROCKWELL AUTOMATION INC (ROK) 81.000 SHARES 23,149 23,149
ROHM CO LTD (ROHCY) 1,457.000 SHARES 13,492 13,492
ROKU INC (ROKU) 16.000 SHARES 1,189 1,189
ROLLINS INC (ROL) 49.000 SHARES 2,271 2,271
ROPER TECHNOLOGIES INC (ROP) 47.000 SHARES 24,433 24,433
ROSS STORES INC (ROST) 131.000 SHARES 19,816 19,816
ROYAL GOLD INC (RGLD) 48.000 SHARES 6,329 6,329
ROYAL KPN N V SPONS ADR (KKPNY) 3,842.000 SHARES 13,381 13,381
ROYALTY PHARMA PLC (RPRX) 255.000 SHARES 6,505 6,505
RYDER SYS INC (R) 10.000 SHARES 1,569 1,569
S&P GLOBAL INC (SPGI) 53.000 SHARES 26,396 26,396
SAGE GROUP PLC ADR NEW (SGPYY) 364.000 SHARES 23,158 23,158
SAIA INC COM (SAIA) 63.000 SHARES 28,711 28,711
SALESFORCE.COM INC (CRM) 39.000 SHARES 13,039 13,039
SAMPO OYJ (SAXPY) 421.000 SHARES 8,521 8,521
SANDOZ GROUP AG SPONSORED ADS (SDZNY) 110.000 SHARES 4,455 4,455
SANFILIPPO JOHN B & SON INC (JBSS) 177.000 SHARES 15,418 15,418
SAP AE (SAP) 97.000 SHARES 23,882 23,882
SCHWAB CHARLES CORP (SCHW) 384.000 SHARES 28,420 28,420
SCIENCE APPLICATIONS INTL CORP (SAIC) 55.000 SHARES 6,148 6,148
SEACOAST BKG CORP FLA COM (SBCF) 1,217.000 SHARES 33,504 33,504
SEIKO EPSON CORP UNSPONSORED ADR (SEKEY) 1,923.000 SHARES 17,307 17,307
SELECT WTR SOLUTIONS INC CL A (WTTR) 4,250.000 SHARES 56,270 56,270
SELECTIVE INS GROUP INC COM (SIGI) 336.000 SHARES 31,423 31,423
SEMPRA ENERGY (SRE) 454.000 SHARES 39,825 39,825
SENSATA TECHNOLOGIES HOLDING PLC (ST) 113.000 SHARES 3,096 3,096
SERVICENOW INC (NOW) 119.000 SHARES 126,154 126,154
SHAKE SHACK INC CL A (SHAK) 5.000 SHARES 649 649
SHISEIDO LTD SPON ADR (SSDOY) 352.000 SHARES 6,230 6,230
SIEMENS A G (SIEGY) 159.000 SHARES 15,372 15,372
SIMON PPTY GROUP INC (SPG) 81.000 SHARES 13,949 13,949
SIMPSON MFG INC COM (SSD) 181.000 SHARES 30,015 30,015
SINGAPORE TELECOMMUNICATIONS LTD (SGAPY) 1,215.000 SHARES 27,374 27,374
SIRIUS XM HLDGS INC (SIRI) 25.000 SHARES 570 570
SITEONE LANDSCAPE SUPPLY INC COM (SITE) 324.000 SHARES 42,693 42,693
SITIME CORP COM (SITM) 164.000 SHARES 35,183 35,183
SKECHERS USA INC CL A (SKX) 18.000 SHARES 1,210 1,210
SKF AB ADR (SKFRY) 720.000 SHARES 13,511 13,511
SKYWARD SPECIALTY INS GROUP INC (SKWD) 529.000 SHARES 26,736 26,736
SKYWORKS SOLUTIONS INC (SWKS) 28.000 SHARES 2,483 2,483
SLM CORP (SLM) 51.000 SHARES 1,407 1,407
SMUCKER J M CO (SJM) 237.000 SHARES 26,098 26,098
SMURFIT WESTROCK LIMITED (SW) 8.000 SHARES 431 431
SNAM S P A ADR (SNMRY) 1,328.000 SHARES 11,713 11,713
SNAP ON INC COM (SNA) 12.000 SHARES 4,074 4,074
SNOWFLAKE INC CL A (SNOW) 10.000 SHARES 1,544 1,544
SOCIETE GENERALE FRANCE SPON (SCGLY) 9,054.000 SHARES 51,155 51,155
SOFI TECHNOLOGIES INC (SOFI) 232.000 SHARES 3,573 3,573
SOFTBANK CORP ADR (SFTBY) 89.000 SHARES 2,565 2,565
SOFTBANK MOBILE SVCS CORP (SOBKY) 1,105.000 SHARES 13,901 13,901
SOLAREDGE TECHNOLOGIES INC (SEDG) 61.000 SHARES 830 830
SOLVENTUM CORP (SOLV) 51.000 SHARES 3,369 3,369
SONIC HEALTHCARE LTD SPONSORED ADR (SKHHY) 710.000 SHARES 11,843 11,843
SONOCO PRODS CO (SON) 120.000 SHARES 5,862 5,862
SONY GROUP CORP AMERN SH NEW (SONY) 2,133.000 SHARES 45,134 45,134
SOUTH ST CORP (SSB) 33.000 SHARES 3,283 3,283
SOUTHERN COPPER CORP (SSCO) 159.000 SHARES 14,490 14,490
SOUTHWEST AIRLS CO (LUV) 248.000 SHARES 8,338 8,338
SOUTHWEST GAS HLDGS INC (SWX) 976.000 SHARES 69,013 69,013
SPARK NEW ZEALAND LTD SPONS ADR (SPKKY) 863.000 SHARES 7,077 7,077
SPOTIFY TECHNOLOGY SA (SPOT) 91.000 SHARES 40,712 40,712
SPRINGWORKS THERAPEUTICS INC (SWTX) 739.000 SHARES 26,700 26,700
SPROUT FMRS MKT INC (SFM) 312.000 SHARES 39,646 39,646
SPROUT SOCIAL INC COM CL A (SPT) 774.000 SHARES 23,770 23,770
SS&C TECHNOLOGIES HLDGS INC (SSNC) 65.000 SHARES 4,926 4,926
SSE PLC (SSEZY) 1,879.000 SHARES 37,448 37,448
STAG INDL INC (STAG) 1,144.000 SHARES 38,690 38,690
STANDARD CHARTERED (SCBFY) 2,055.000 SHARES 51,272 51,272
STANDARDAERO INC (SARO) 6.000 SHARES 149 149
STANLEY BLACK & DECKER INC (SWK) 69.000 SHARES 5,540 5,540
STARBUCKS CORP (SBUX) 68.000 SHARES 6,205 6,205
STARWOOD PPTY TR INC (STWD) 300.000 SHARES 5,685 5,685
STATE STR CORP (STT) 138.000 SHARES 13,545 13,545
STEEL DYNAMICS INC COM (STLD) 49.000 SHARES 5,589 5,589
STELLANTIS N V SHS (STLA) 295.000 SHARES 3,846 3,846
STEPSTONE GROUP INC CL A (STEP) 469.000 SHARES 27,146 27,146
STERIS PLC (STE) 26.000 SHARES 5,345 5,345
STERLING INFRASTRUCTURE INC (STRL) 378.000 SHARES 63,674 63,674
STEVANATO GROUP S P A (STVN) 23.000 SHARES 501 501
STEWART INFORMATION SVCS CORP (STC) 592.000 SHARES 39,954 39,954
STIFLE FINL CORP (SF) 44.000 SHARES 4,668 4,668
STOCK YDS BANCORP INC (SYBT) 1,055.000 SHARES 75,549 75,549
STORA ENSO CORP (SEOAY) 607.000 SHARES 6,143 6,143
STRYKER CORP (SYK) 114.000 SHARES 41,046 41,046
SUMITOMO CHEM CO LTD USPON ADR (SOMMY) 830.000 SHARES 9,097 9,097
SUMITOMO ELEC INDS LTD ADR (SMTOY) 1,264.000 SHARES 22,310 22,310
SUMITOMO METAL MNG CO LTD (SMMYY) 5,125.000 SHARES 29,008 29,008
SUMITOMO MITSUI FINL GROUP INC (SMFG) 9,262.000 SHARES 134,206 134,206
SUMITOMO MITSUI TR HLDGS INC SPONS ADR (SUTNY) 6,189.000 SHARES 29,088 29,088
SUMMIT HOTEL PPTYS INC (INN) 6,164.000 SHARES 42,223 42,223
SUMMIT MATLS INC CL A (SUM) 21.000 SHARES 1,063 1,063
SUN CMNTYS INC (SUI) 63.000 SHARES 7,747 7,747
SUN HUNG KAI PPTYS LTD ADR NEW (SUHJY) 8,890.000 SHARES 84,544 84,544
SUNRISE COMMUNICATIONS AG ADR (SNRE) 68.000 SHARES 2,929 2,929
SUPER MICRO COMPUTER INC COM (SMCI) 31.000 SHARES 945 945
SURGERY PARTERS INC COM (SGRY) 1,165.000 SHARES 24,663 24,663
SUZUKI MTR CORP ADR (SZKMY) 223.000 SHARES 10,042 10,042
SVENSKA HANDEL SBANKEN AB ADR (SVNLY) 5,065.000 SHARES 25,882 25,882
SWATCH GROUP AG (SWGAY) 664.000 SHARES 6,016 6,016
SWEDBANK A B SPONS ADR (SWDBY) 1,153.000 SHARES 22,771 22,771
SWEETGREEN INC CL A (SG) 873.000 SHARES 27,988 27,988
SWIRE PACIFIC LTD SPONS ADR (SWRAY) 1,637.000 SHARES 14,929 14,929
SWISS RE LTD SPONS ADR (SSREY) 309.000 SHARES 11,151 11,151
SWISSCOM SPON ADR (SCMWY) 213.000 SHARES 11,933 11,933
SYNCHRONY FINL COM (SYF) 143.000 SHARES 9,295 9,295
SYNOVUS FINL CORP (SNV) 45.000 SHARES 2,305 2,305
SYSCO CORP COM (SYY) 473.000 SHARES 36,166 36,166
T&D HLDGS INC (TDHOY) 4,354.000 SHARES 39,752 39,752
TAIWAN SEMICONDUCTOR MFG CO (TSM) 80.000 SHARES 15,799 15,799
TAKEDA PHARMACEUTICAL CO (TAK) 6,318.000 SHARES 83,650 83,650
TAKE-TWO INTERACTIVE SOFTWARE INC (TTWO) 37.000 SHARES 6,811 6,811
TALEN ENERGY CORP (TLN) 20.000 SHARES 4,029 4,029
TAPESTRY INC (TPR) 16.000 SHARES 1,045 1,045
TARGA RES CORP (TRGP) 192.000 SHARES 34,272 34,272
TARGET CORP COM (TGT) 337.000 SHARES 45,556 45,556
TAYLOR MORRISON HOME CORP (TMHC) 1,158.000 SHARES 70,881 70,881
TAYLOR WIMPEY PLC (TWODY) 880.000 SHARES 13,323 13,323
TD SYNEX CORP (SNX) 84.000 SHARES 9,852 9,852
TDK CORP (TTDKY) 2,033.000 SHARES 26,348 26,348
TE CONNECTIVITY LTD (TEL) 14.000 SHARES 2,002 2,002
TECHNIPFMC LIMITED REGISTERED 2,601.000 SHARES 75,273 75,273
TELEFLEX INC COM (TFX) 24.000 SHARES 4,272 4,272
TELEFONICA S A (TEF) 326.000 SHARES 1,311 1,311
TELIA A B ADR (TLSNY) 2,751.000 SHARES 15,020 15,020
TENARIS S A (TS) 2,015.000 SHARES 76,147 76,147
TERADYNE INC (TER) 10.000 SHARES 1,259 1,259
TERLEX CORP (TEX) 659.000 SHARES 30,459 30,459
TERNA RETE ELETTRICA NAZIONALE (TEZNY) 607.000 SHARES 14,289 14,289
TERRENO RLTY CORP COM (TRNO) 686.000 SHARES 40,570 40,570
TESCO PLC SPONSORED ADR (TSCDY) 1,093.000 SHARES 15,324 15,324
TESLA INC (TSLA) 239.000 SHARES 96,518 96,518
TEVA PHARMACEUTICAL INDUSTRIES LTD (TEVA) 589.000 SHARES 12,982 12,982
TEXAS INSTRS INC COM (TXN) 177.000 SHARES 33,189 33,189
TEXAS ROADHOUSE INC (TXRH) 7.000 SHARES 1,263 1,263
TFS FINL CORP (TFSL) 179.000 SHARES 2,248 2,248
THE TRADE DESK INC (TTD) 101.000 SHARES 11,871 11,871
THERMO FISHER SCIENTIFIC INC (TMO) 180.000 SHARES 93,641 93,641
THOR INDS INC (THO) 24.000 SHARES 2,297 2,297
TIMKEN CO (TKR) 85.000 SHARES 6,066 6,066
TJX COS INC (TJX) 523.000 SHARES 63,184 63,184
TKO GROUP HLDGS INC CL A (TKO) 18.000 SHARES 2,558 2,558
T-MOBILE US INC COM (TMUS) 135.000 SHARES 29,799 29,799
TOLL BROS INC (TOL) 20.000 SHARES 2,519 2,519
TORAY INDS INC ADR (TRYIY) 1,283.000 SHARES 16,140 16,140
TORO CO (TTC) 26.000 SHARES 2,083 2,083
TOYOTA INDS CORP ADR (TYIDY) 257.000 SHARES 20,866 20,866
TOYOTA MTR CO (TM) 60.000 SHARES 11,677 11,677
TPG INC CL A (TPG) 30.000 SHARES 1,885 1,885
TRACTOR SUPPLY CO (TSCO) 35.000 SHARES 1,857 1,857
TRADEWEB MKTS INC CL A (TW) 25.000 SHARES 3,273 3,273
TRANE TECHNOLOGIES PLC (TT) 56.000 SHARES 20,864 20,864
TRANSDIGM GROUP INC (TDG) 8.000 SHARES 10,138 10,138
TRANSMEDICS GROUP INC COM (TMDX) 442.000 SHARES 27,559 27,559
TRANSUNION (TRU) 37.000 SHARES 3,430 3,430
TRAVELERS COS INC COM (TRV) 101.000 SHARES 24,330 24,330
TREEHOUSE FOODS INC (THS) 780.000 SHARES 27,401 27,401
TRIMBLE INC (TRMB) 34.000 SHARES 2,402 2,402
TRUIST FINL CORP COM (TFC) 584.000 SHARES 25,334 25,334
TRUMP MEDIA & TECHNOLOGY GROUP CORP (DJT) 12.000 SHARES 409 409
TWILIO INC CL A (TWLO) 23.000 SHARES 2,486 2,486
TYSON FOODS INC CL A (TSN) 127.000 SHARES 7,295 7,295
UBER TECHNOLOGIES INC COM (UBER) 730.000 SHARES 44,034 44,034
UDR INC (UDR) 66.000 SHARES 2,865 2,865
UFP INDS INC (UFPI) 12.000 SHARES 1,352 1,352
UGI CORP (UGI) 740.000 SHARES 20,890 20,890
U-HAUL HLDG CO (UHAL) 60.000 SHARES 4,145 4,145
ULTA BEUATY INC (ULTA) 3.000 SHARES 1,305 1,305
UMH PPTYS INC (UMH) 33.000 SHARES 623 623
UNICREDIT SPA (UNCRY) 3,338.000 SHARES 66,693 66,693
UNILEVER PLC (UL) 1,159.000 SHARES 65,715 65,715
UNION PAC CORP (UNP) 257.000 SHARES 58,606 58,606
UNITED AIRLS HLDGS INC (UAL) 34.000 SHARES 3,301 3,301
UNITED BANKSHARES INC (UBSI) 62.000 SHARES 2,328 2,328
UNITED OVERSEAS BK LTD (UOVEY) 903.000 SHARES 48,166 48,166
UNITED PARCEL SVC INC CL B (UPS) 519.000 SHARES 65,446 65,446
UNITED RENTALS INC COM (URI) 30.000 SHARES 21,133 21,133
UNITED STS STL CORP (X) 111.000 SHARES 3,773 3,773
UNITED THERAPEUTICS CORP (UTHR) 7.000 SHARES 2,470 2,470
UNITED UTILS GROUP PLC SPON ADR (UUGRY) 659.000 SHARES 17,338 17,338
UNITEDHEALTH GROUP INC COM (UNH) 252.000 SHARES 127,477 127,477
UNITY SOFTWARE INC (U) 6.000 SHARES 135 135
UNIVESRAL HEALTH SVCS INC CL B (UHS) 32.000 SHARES 5,741 5,741
UNTIL CORP (UTL) 763.000 SHARES 41,347 41,347
UNUM GROUP COM (UNM) 104.000 SHARES 7,595 7,595
US BANCORP DEL COM NEW (USB) 1,014.000 SHARES 48,500 48,500
V F CORP COM (VFC) 20.000 SHARES 429 429
VALERO ENERGY CORP (VLO) 579.000 SHARES 70,980 70,980
VALLEY NATL BANCORP (VLY) 142.000 SHARES 1,287 1,287
VALVOLINE INC (VVV) 105.000 SHARES 3,799 3,799
VAXCYTE INC COM (PCVX) 627.000 SHARES 51,326 51,326
VEECO INSTRS INC (VECO) 667.000 SHARES 17,876 17,876
VEEVA SYS INC CL A (VEEV) 1.000 SHARES 210 210
VENTAS INC (VTR) 201.000 SHARES 11,837 11,837
VEOLIA ENVIRONMENT SPONSORED ADR (VEOEY) 1,508.000 SHARES 21,187 21,187
VERALTO CORP COM (VLTO) 357.000 SHARES 36,360 36,360
VERISK ANALYTICS INC (VRSK) 190.000 SHARES 52,332 52,332
VERITEX HLDGS INC (VBTX) 569.000 SHARES 15,454 15,454
VERIZON COMMUNICATIONS INC COM (VZ) 2,936.000 SHARES 117,411 117,411
VERTEX PHARMACEUTICALS INC COM (VRTX) 75.000 SHARES 30,203 30,203
VERTIV HLDGS CO CL A (VRT) 28.000 SHARES 3,181 3,181
VESTAS WIND SYS (VWDRY) 2,454.000 SHARES 11,117 11,117
VESTIS CORP (VSTS) 1,062.000 SHARES 16,185 16,185
VIATARIS INC (VTRS) 601.000 SHARES 7,482 7,482
VIKING THERAPEUTICS INC (VKTX) 24.000 SHARES 966 966
VISA INC COM CL A (V) 465.000 SHARES 146,959 146,959
VITA COCO CO INC (COCO) 813.000 SHARES 30,008 30,008
VODAFONE GROUP PLC (VOD) 6,785.000 SHARES 57,605 57,605
VOLKSWAGEN A G ADR (VWAGY) 297.000 SHARES 2,765 2,765
VOLKSWAGEN A G ADR (VWAPY) 4,660.000 SHARES 42,499 42,499
VONOVIA SE ADR (VONOY) 1,590.000 SHARES 23,930 23,930
VONTIER CORP (VNT) 55.000 SHARES 2,006 2,006
VORNADO RLTY TR (VNO) 53.000 SHARES 2,228 2,228
VOYA FINL INC (VOYA) 71.000 SHARES 4,887 4,887
VSE CORP (VSEC) 370.000 SHARES 35,187 35,187
VULCAN MATLS CO COM (VMC) 16.000 SHARES 4,116 4,116
WABTEC COM (WAB) 50.000 SHARES 9,480 9,480
WALGREENS BOOTS ALLIANCE INC (WBA) 257.000 SHARES 2,398 2,398
WALMART INC COM (WMT) 1,293.000 SHARES 116,823 116,823
WARNER BROS DISCOVERY INC COM SER A (WBD) 1,027.000 SHARES 10,855 10,855
WASTE MGMT INC DEL COM (WM) 138.000 SHARES 27,847 27,847
WEBSTER FINL INC (WBS) 78.000 SHARES 4,307 4,307
WEC ENERGY GROUP INC COM (WEC) 133.000 SHARES 12,507 12,507
WELLS FARGO & CO (WFC) 1,717.000 SHARES 120,602 120,602
WELLTOWER INC (WELL) 52.000 SHARES 6,554 6,554
WESCO INTL INC (WCC) 17.000 SHARES 3,076 3,076
WEST JAPAN RY CO ADR (WJRYY) 680.000 SHARES 11,910 11,910
WEST PHARMACEUTICAL SVCS INC (WST) 131.000 SHARES 42,910 42,910
WESTERN ALLIANCE BANCORPORATION (WAL) 25.000 SHARES 2,089 2,089
WESTERN DIGITAL CORP COM (WDC) 139.000 SHARES 8,289 8,289
WESTERN UN CO (WU) 837.000 SHARES 8,872 8,872
WESTLAKE CORP (WLK) 38.000 SHARES 4,357 4,357
WHIRPOOL CORP (WHR) 5.000 SHARES 572 572
WHITBREAD PLC SPONS ADR (WTBDY) 1,094.000 SHARES 10,174 10,174
WILLIAMS SONOMA INC (WSM) 20.000 SHARES 3,704 3,704
WILLIS TOWERS WATSON PUB LTD (WTW) 40.000 SHARES 12,530 12,530
WINTRUST FINL CORP (WFTC) 681.000 SHARES 84,928 84,928
WOODWARD INC (WWD) 38.000 SHARES 6,324 6,324
WORKDAY INC CL A (WDAY) 138.000 SHARES 35,608 35,608
WP CAREY INC (WPC) 87.000 SHARES 4,740 4,740
WSFS FINL CORP (WSFS) 1,187.000 SHARES 63,065 63,065
WYNDHAM HOTELS & RESORTS INC (WH) 38.000 SHARES 3,830 3,830
XPO INC (XPO) 3.000 SHARES 393 393
XYLEM INC (XYL) 146.000 SHARES 16,939 16,939
YAMAHA CORP (YAMCY) 1,926.000 SHARES 13,626 13,626
YUM BRANDS INC (YUM) 106.000 SHARES 14,221 14,221
YUM CHINA HLDGS INC (YUMC) 14.000 SHARES 674 674
ZEBRA TECHNOLOGIES CORP CL A (ZBRA) 3.000 SHARES 1,159 1,159
ZILLOW GROUP INC CL A (ZG) 73.000 SHARES 5,172 5,172
ZIM INTEGRATED SHIPPING SERVICES LTD (ZIM) 176.000 SHARES 3,779 3,779
ZIMMER BIOMET HLDGS INC (ZBH) 136.000 SHARES 14,366 14,366
ZIONS BANCORPORATION (ZION) 52.000 SHARES 2,821 2,821
ZOETIS INC (ZTS) 10.000 SHARES 1,629 1,629
ZOOM COMMUNICATIONS INC CL A (ZM) 48.000 SHARES 3,917 3,917
ZOOMINFO TECHNOLOGIES (ZI) 53.000 SHARES 557 557
ZURICH INS GROUP LTD (ZURVY) 290.000 SHARES 8,610 8,610

TY 2024 InvestmentsGovtObligationsSch
Name:
MERCK FAMILY FUND
EIN:
22-6063382
US Government Securities - End of Year Book Value:

2,463,665
US Government Securities - End of Year Fair Market Value:

2,463,665
State & Local Government Securities - End of Year Book Value:


961,741
State & Local Government Securities - End of Year Fair Market Value:


961,741


TY 2024 InvestmentsOtherSchedule2
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACRE VENTURE PARTNERS II, LP FMV 254,830 254,830
ACRE VENTURE PARTNERS III, LP FMV 178,826 178,826
AMG TIMESSQUARE INTERNATIONAL SMALL CAP CL I (TQTIX) 126,171.040 SHARES FMV 1,781,535 1,781,535
BLOCPOWER ENERGY, LLC 4.00% 12/31/31 91,671 QTY FMV 74,000 74,000
BOSTON IMPACT INITIATIVE FUND 4.00% 12/01/25 25,000 QTY FMV 25,000 25,000
BOSTON TRUST WALDEN SMID-CAP FUND (WASMX) 18,599.790 SHARES FMV 458,857 458,857
CALVERT ABSOLUTE RETURN BOND FUND CLASS I (CUBIX) 132,510.199 SHARES FMV 1,926,698 1,926,698
CLARUS LIFESCIENCES I, L.P. FMV 87,915 87,915
CLARUS LIFESCIENCES II, L.P. FMV 56,418 56,418
CLEAN GROWTH FUND IV, LP FMV 145,988 145,988
CLEAN GROWTH FUND V, LP FMV 214,784 214,784
CLEAN GROWTH FUND VI, LP FMV 217,325 217,325
DBL PARTNERS III, LP FMV 887,022 887,022
ECOSYSTEM INTEGRITY FUND III, LP FMV 356,951 356,951
ECOSYSTEM INTEGRITY FUND IV, LP FMV 345,982 345,982
ECOSYSTEM INVESTMENT PARTNERS II, LP FMV 111,138 111,138
ECOSYSTEM INVESTMENT PARTNERS III, LP FMV 364,704 364,704
ENERGY IMPACT FUND II, LP FMV 689,687 689,687
ENTERPRISE COMMUNITY IMPACT 1.50% 09/30/26 300,000 QTY FMV 300,000 300,000
FOODSHED CAPITAL 1.50% 11/30/31 100,000 QTY FMV 100,000 100,000
GENERATION IM CLIMATE SOLUTIONS FUND (II) (U.S.), L.P. FMV 43,842 43,842
GENERATION IM CLIMATE SOLUTIONS FUND (U.S.), L.P. FMV 221,288 221,288
GENERATION IM GLOBAL EQUITY FUND, LLC FMV 6,518,578 6,518,578
GENERATION IM SUSTAINABLE SOLUTIONS FUND (IV) (B) I.L.P. FMV 475,214 475,214
GERDING EDLEN GREEN CITIES IV, LP FMV 496,313 496,313
MCE SOCIAL CAPITAL 1.75% 12/15/23 500,000 QTY FMV 25,000 25,000
MORGAN STANLEY ETF TR CALVERT ULTRA SHORT (61774R601) 27,674.000 SHARES FMV 1,403,210 1,403,210
NATURAL CAPITAL INVESTMENT FUND 3.00% 03/20/29 100,000 QTY FMV 100,000 100,000
NEC FUND VI, L.P. FMV 1,065,492 1,065,492
NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND II LP FMV 1,319,533 1,319,533
NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND LP FMV 100,094 100,094
RBC MARKETS EQUITY FUND CLASS I (REEIX) 297,781.588 SHARES FMV 3,903,917 3,903,917
RESONANT ENERGY, LLC 5.00% 09/30/26 100,000 QTY FMV 100,000 100,000
SJF VENTURES III, LP FMV 194,417 194,417
SJF VENTURES IV, LP FMV 781,510 781,510
SJF VENTURES V, LP FMV 350,899 350,899
SUMMIT PARTNERS SUSTAINABLE OPPORTUNITIES L/S QP FUND, L.P. FMV 4,189,472 4,189,472
SUN INITIATIVE II 3.50% 12/31/25 25,000 QTY FMV 25,000 25,000
SUNWEALTH SOLAR JUSTICE FUND 6.50% 09/30/31 75,000 QTY FMV 75,000 75,000
THE LYME FOREST FUND IV TE LP FMV 208,915 208,915
THE LYME FOREST FUND V TE LP FMV 413,297 413,297
THEOREM MAIN FUND OFFSHORE, LP FMV 875,796 875,796
WINDSAIL CREDIT FUND, L.P. FMV 68,340 68,340

TY 2024 LegalFeesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 6,750 0   6,750


TY 2024 OtherAssetsSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INVESTMENT INCOME 83,050 120,951 120,951
OTHER RECEIVABLES 586 16,092 16,092
SECURITY DEPOSIT 2,849 2,519 2,519


TY 2024 OtherDecreasesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Amount
DEFERRED FEDERAL EXCISE TAX EXPENSE 28,000


TY 2024 OtherExpensesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 5,624 0   6,318
OFFICE EXPENSE AND SUPPLIES 12,550 0   7,503
OTHER INVESTMENT EXPENSES 30,347 30,347   0
THRU SCHEDULE K-1 - OTHER DEDUCTIONS, NET OF UBI 0 278,522   0


TY 2024 OtherIncomeSchedule2
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
THRU SCHEDULE K-1 - ORDINARY BUSINESS INCOME (LOSS), NET OF UBI   -18,238  
THRU SCHEDULE K-1 - NET RENTAL REAL ESTATE INCOME, NET OF UBI   -29,447  
THRU SCHEDULE K-1 - OTHER INCOME (LOSS), NET OF UBI   109,513  
MISCELLANEOUS INVESTMENT INCOME 1,791 1,791 1,791


TY 2024 OtherIncreasesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Amount
UNREALIZED APPRECIATION ON INVESTMENTS 1,663,105


TY 2024 OtherLiabilitiesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL EXCISE TAX 278,000 306,000


TY 2024 OtherProfessionalFeesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INFORMATION TECHNOLOGY CONSULTANTS 7,000 0   7,000
INVESTMENT MANAGEMENT 164,670 164,670   0
OTHER PROFESSIONAL FEES 9,349 9,349   0
PROGRAM AND RESEARCH CONSULTANTS 58,246 0   58,246


TY 2024 TaxesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 68,630 0   0
FOREIGN TAXES WITHHELD 33,963 33,963   0
STATE UNRELATED BUSINESS INCOME TAX 2,723 0   0