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 07-01-2024 , and ending 06-30-2025
Name of foundation
RAMAPO TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)300 FRANK W BURR BLVD STE 13
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TEANECK, NJ07666
A Employer identification number

13-6594279
B Telephone number (see instructions)

(201) 836-4602
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$81,132,090J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,765,597 1,765,597  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,740,597
b Gross sales price for all assets on line 6a 19,931,088
7 Capital gain net income (from Part IV, line 2)... 3,740,597
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
77,714 77,714  
12 Total. Add lines 1 through 11........ 5,583,908 5,583,908  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 216,000 30,857   185,143
14 Other employee salaries and wages...... 282,010 84,603   197,407
15 Pension plans, employee benefits....... 61,137 18,341   42,796
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
169 0   169
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
56,782 28,391   28,391
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
609,658 470,170   139,488
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
90,204 22,373   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 108,238 52,991   55,247
21 Travel, conferences, and meetings....... 181,201 0   181,201
22 Printing and publications.......... 9,541 0   9,541
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,400 14,253   13,146
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,642,340 721,979   852,529
25 Contributions, gifts, grants paid....... 564,480 2,817,354
26 Total expenses and disbursements. Add lines 24 and 25 2,206,820 721,979   3,669,883
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,377,088
b Net investment income (if negative, enter -0-) 4,861,929
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............. 57,912 38,612 38,612
2 Savings and temporary cash investments......... 2,045,515 1,773,416 1,773,416
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.......... 5,035 5,061 5,061
10a Investments—U.S. and state government obligations (attach schedule) 7,529,681 Click to see attachment
List of Attached Documents:
// Content
7,908,371 		7,711,428
b Investments—corporate stock (attach schedule)....... 35,615,069 Click to see attachment
List of Attached Documents:
// Content
36,722,521 		55,614,941
c Investments—corporate bonds (attach schedule)....... 14,620,160 Click to see attachment
List of Attached Documents:
// Content
14,190,790 		14,269,069
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).......... 2,132,143 Click to see attachment
List of Attached Documents:
// Content
1,544,949 		303,254
14 Land, buildings, and equipment: basis right arrow223,282
Less: accumulated depreciation (attach schedule) right arrow223,282      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
487,491 		Click to see attachment
List of Attached Documents:
// Content
1,416,309 		Click to see attachment
List of Attached Documents:
// Content
1,416,309
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 62,493,006 63,600,029 81,132,090
Liabilities 17 Accounts payable and accrued expenses.......... 42,223 43,104
18 Grants payable................. 6,671,685 4,418,811
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
24,090 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 6,737,998 4,461,915
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........... 55,755,008 59,138,114
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)..... 55,755,008 59,138,114
30 Total liabilities and net assets/fund balances (see instructions). 62,493,006 63,600,029
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
55,755,008
2
Enter amount from Part I, line 27a .....................
2
3,377,088
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,018
4
Add lines 1, 2, and 3 ..........................
4
59,138,114
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
59,138,114
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 TITAN EMERGING MANAGERS OFFSHORE FUND, LTD. P 2017-07-01 2025-06-30
b PUBLICLY TRADED SECURITIES      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,250,368   454,894 795,474
b 18,680,720   15,735,597 2,945,123
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       795,474
b       2,945,123
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,740,597
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 67,581
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 67,581
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 67,581
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 63,014
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 88,014
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
8 180
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 20,253
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow20,253 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowMARY ANN VAN CLIEF Telephone no.right arrow (201) 836-4602

Located atright arrow300 FRANK W BURR BLVD STE 13TEANECKNJ ZIP+4right arrow07666
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
STEPHEN L SCHWARTZ TRUSTEE
16.00 		108,000 0 0
C/O RAMAPO 300 FRANK W BURR BLVD
STE 13
TEANECK,NJ07666
NATAHIR LETY SCHWARTZ TRUSTEE
8.00 		0 0 0
C/O RAMAPO 300 FRANK W BURR BLVD
STE 13
TEANECK,NJ07666
ARTHUR NORMAN FIELD TRUSTEE
4.00 		0 0 0
C/O RAMAPO 300 FRANK W BURR BLVD
STE 13
TEANECK,NJ07666
KAREN SCHWARTZ HART TRUSTEE
4.00 		45,900 0 0
C/O RAMAPO 300 FRANK W BURR BLVD
STE 13
TEANECK,NJ07666
MARY ANN VAN CLIEF TRUSTEE
8.00 		62,100 0 0
C/O RAMAPO 300 FRANK W BURR BLVD
STE 13
TEANECK,NJ07666
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
MELINDA PEREZ PORTER RAPP PROG. DIRECTOR
32.00 		112,825 3,385 0
100 CASALS PLACE 21L
BRONX,NY10475
JOSEPHINE CONDEGNI ACCOUNTING
40.00 		78,926 2,368 0
77 JAMROS TERRACE
SADDLE BROOK,NJ07663
MARIA ASENJO CONFERENCE COORDINAT
40.00 		70,460 2,114 0
15 STRUYK AVENUE
PROSPECT PARK,NJ07508
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
BESSEMER TRUST INVESTMENT ADVISORY FEES 198,143
630 FIFTH AVENUE
NEW YORK,NY10111
CARMEN MENDIETA PROGRAM CONSULTANT 131,688
317 SAN JOSE AVE
SAN FRANCISCO,CA94110
FRANKLIN TEMPLETON PRIVATE PORTFOLIO GROUP LLC INVESTMENT ADVISORY FEES 89,028
620 8TH AVENUE 50TH FL
NEW YORK,NY10018
PEAPACK PRIVATE WEALTH MANAGEMENT INVESTMENT ADVISORY FEES 63,297
500 HILLS DRIVE SUITE 300
BEDMINSTER,NJ079210700
CITRIN COOPERMAN AND COMPANY LLP ACCOUNTING AND AUDIT FEES 56,782
50 ROCKEFELLER PLAZA
NEW YORK,NY10020
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
75,761,149
b
Average of monthly cash balances.......................
1b
1,924,771
c
Fair market value of all other assets (see instructions)................
1c
1,343,955
d
Total (add lines 1a, b, and c).........................
1d
79,029,875
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
79,029,875
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,185,448
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
77,844,427
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,892,221
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
3,892,221
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
67,581
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
67,581
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,824,640
4
Recoveries of amounts treated as qualifying distributions................
4
6,018
5
Add lines 3 and 4............................
5
3,830,658
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
3,830,658
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
3,669,883
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
3,669,883
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 3,830,658
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 139,307
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,669,883
a Applied to 2023, but not more than line 2a 139,307
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..... 3,530,576
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		300,082
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
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

ABINGTON MEMORIAL HOSPITAL FOUNDATION

1200 OLD YORK ROAD
ABINGTON,PA19001 		N/A PC GENERAL SUPPORT 20,000

ALZHEIMER RESPITE & RESOURCE MEMORY MATTERS

117 WILLIAM HILTON PARKWAY
HILTON HEAD,SC29926 		N/A PC GENERAL SUPPORT 20,000

BAKER SENIOR CENTER NAPLES

6200 AUTUMN OAKS LANE
NAPLES,FL34119 		N/A PC GENERAL SUPPORT 100,000

BRIGHT SIDE MANOR

300 TEANECK ROAD
TEANECK,NJ07666 		N/A PC GENERAL SUPPORT 3,108

CENTER FOR HUMAN SERVICES

17018 15TH AVENUE NE
SHORELINE,WA98155 		N/A PC GENERAL SUPPORT 10,000

CHILDREN'S HOME SOCIETY OF NEW JERSEY

635 SOUTH CLINTON AVE
TRENTON,NJ08611 		N/A PC GENERAL SUPPORT 10,000

CONNECTEDLY

4100 MAIN STREET SUITE 403
PHILADELPHIA,PA19127 		N/A PC GENERAL SUPPORT 10,000

EARLY ALZHEIMER'S FOUNDATION INC

150 WEST 55TH STREET SUITE 4A
NEW YORK,NY10019 		N/A PC GENERAL SUPPORT 30,000

ELDERWISE

PO BOX 27331
SEATTLE,WA98165 		N/A PC GENERAL SUPPORT 20,000

FAMILY EDUCATION AND SUPPORT SERVICES

PO BOX 14907
TUMWATER,WA98511 		N/A PC GENERAL SUPPORT 10,000

FAMILYMEANS

1875 NORTHWESTERN AVENUE SOUTH
STILLWATER,MN55082 		N/A PC GENERAL SUPPORT 20,000

FIRST UNITED METHODIST CHURCH OF MAGNOLIA

311 WEST MAIN STREET
MAGNOLIA,AR71753 		N/A PC GENERAL SUPPORT 10,000

GENERATIONS TOGETHER

PO BOX 143352
FAYETTEVILLE,GA30214 		N/A PC GENERAL SUPPORT 10,000

HENRY STREET SETTLEMENT

333 EAST 115TH STREET
NEW YORK,NY10029 		N/A PC GENERAL SUPPORT 4,083

HERE TO STAY WINTERGREEN

PO BOX 138
NELLYSFORD,VA22920 		N/A PC GENERAL SUPPORT 20,000

INSTITUTE FOR PSYCHOANALYTIC TRAINING & RESEARCH INC

1651 THIRD AVENUE SUITE 205
NEW YORK,NY10128 		N/A PC GENERAL SUPPORT 20,000

JEWISH COMMUNITY CENTER

5342 SAINT CHARLES AVENUE
NEW ORLEANS,LA70115 		N/A PC GENERAL SUPPORT 2,500

JEWISH COUNCIL FOR THE AGING OF GREATER WASHINGTON INC

12320 PARKLAWN DRIVE
ROCKVILLE,MD20852 		N/A PC GENERAL SUPPORT 20,000

JEWISH FAMILY SERVICE BUREAU INC

4101 E GENESEE STREET
SYRACUSE,NY13214 		N/A PC GENERAL SUPPORT 10,000

JEWISH FAMILY SERVICES OF DELAWARE INC

99 PASSMORE ROAD
WILMINGTON,DE19803 		N/A PC GENERAL SUPPORT 20,000

KIDS KINN CAREGIVERS INC

6300 E VIRGINIA BEACH BLVD
NORFOLK,VA23502 		N/A PC GENERAL SUPPORT 5,000

LITTLE SISTERS OF THE ASSUMPTION

135 WEST 23RD ST
NEW YORK,NY10011 		N/A PC GENERAL SUPPORT 4,051

LYNGBLOMSTEN SERVICES INC

1415 ALMOND AVE
ST PAUL,MN55108 		N/A PC GENERAL SUPPORT 10,000

MANNA FOODBANK

627 SWANNANOA RIVER ROAD
ASHEVILLE,NC28805 		N/A PC GENERAL SUPPORT 10,000

MARSHFIELD AREA RESPITE CARE CENTER

PO BOX 485
MARSHFIELD,WI54449 		N/A PC GENERAL SUPPORT 2,500

MID-ISLAND Y JEWISH COMMUNITY CENTER INC

45 MANETTO HILL ROAD
PLAINVIEW,NY11803 		N/A PC GENERAL SUPPORT 10,000

OPICA ADULT DAY CARE CENTER INC

11759 MISSOURI AVENUE
LOS ANGELES,CA90025 		N/A PC GENERAL SUPPORT 20,000

RESPITE CARE CHARLESTON

1605 HARBOR VIEW ROAD
CHARLESTON,SC29412 		N/A PC GENERAL SUPPORT 20,000

SHARE THE CARE INC

1524 FORMOSA AVE
WINTER PARK,FL32789 		N/A PC GENERAL SUPPORT 20,000

ST ANDREW'S UNITED METHODIST CHURCH

3315 S BRYAN ROAD
BRANDON,FL33511 		N/A PC GENERAL SUPPORT 10,000

ST SIMON STOCK CHURCH

300 TEANECK ROAD
TEANECK,NJ07666 		N/A PC GENERAL SUPPORT 3,200

SYRACUSE JEWISH FAMILY SERVICE

4101 E GENESEE ST
SYRACUSE,NY13214 		N/A PC GENERAL SUPPORT 20,000

THE ARK OF SC

502 W 5TH STREET N PO BOX 1540
SUMMERVILLE,SC29484 		N/A PC GENERAL SUPPORT 12,500

THE DALE ASSOCIATION INC

33 ONTARIO STREET
LOCKPORT,NY14094 		N/A PC GENERAL SUPPORT 2,500

THE MARION & AARON GURAL JCC

207 GROVE AVENUE
CEDARHURST,NY11516 		N/A PC GENERAL SUPPORT 20,000

THE SECOND REFORMED CHURCH

436 UNION STREET
HACKENSACK,NJ07601 		N/A PC GENERAL SUPPORT 270

VISIONS AT SELIS MANOR

320 EAST 105TH STREET
NEW YORK,NY10029 		N/A PC GENERAL SUPPORT 3,212

WILSON COUNTY DEPARTMENT OF SOCIAL SERVICES

100 GOLD STREET NE
WILSON,NC27893 		N/A PC GENERAL SUPPORT 5,000

WISE & HEALTHY AGING

1527 4TH STREET 2ND FLOOR
SANTA MONICA,CA90401 		N/A PC GENERAL SUPPORT 12,500

WOMEN IN NEED

2191 VALENTINE AVENUE
BRONX,NY10457 		N/A PC GENERAL SUPPORT 4,056
Total .................................right arrow 3a 564,480
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,765,597  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 3,740,597  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aINCOME FROM OTHER INVESTMENTS 		    14 77,714  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 5,583,908 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,583,908
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RETURN PREPARATION AND FINANCIAL STATEMENT AUDIT 56,782 28,391   28,391

TY 2024 InvestmentsCorpBondsSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Name of Bond End of Year Book Value End of Year Fair Market Value
VERIZON COMMUNICATIONS INC 2.55% 375,815 381,153
ACE INA HLDGS INC 3.35% 345,978 347,291
ALTRIA GROUP INC 4.8% 250,461 252,718
DISNEY WALT CO NEW 3.15% 351,554 349,118
AERCAP IRELAND CAP DESIGNATED ACTIVITY CO 4.625% 449,190 451,872
HCA INC 4.125% 288,281 294,684
UNION PAC CORP 4.5% 239,556 248,470
ORACLE CORP NT 2.95% 269,223 279,849
GENERAL MTRS FINL CO INC 2.35% 275,904 289,078
AT&T INC GLOBAL NT 2.55% 218,550 251,178
HUMANA INC 3.95% 298,410 298,854
WELLS FARGO & CO 4.897% 493,614 500,080
UNITEDHEALTH GROUP INC 3.375% 252,940 246,508
ABBVIE INC 4.875% 455,466 460,706
DEVON ENERGY CORP NEW 5.2% 352,119 339,882
PRUDENTIAL FINL INC 2.1% 253,360 227,460
PNC FINL SVCS GROUP INC 2.55% 262,895 231,323
CIGNA CORP NEW 5.25% 344,862 355,632
GOLDMAN SACHS GROUP INC 6.484% 523,428 530,340
UNITED STATES BANCORP MEDIUM 3.15% 246,378 245,565
NORTHROP GRUMMAN CORP 4.6% 347,008 354,400
JPMORGAN CHASE & CO 2.545% 412,148 440,097
GILEAD SCIENCES INC 2.6% 250,815 215,326
MASTERCARD INC 2.95% 278,253 295,704
AMERICAN EXPRESS CO 5.389% 301,130 302,961
ENTERPRISE PRODS OPER LLC 4.6% 349,804 351,981
DEERE JOHN CAP CORP 5.1% 350,032 357,833
LOCKHEED MARTIN CORP 5.25% 352,250 362,341
APPLE INC 3.95% 259,701 239,484
T-MOBILE USA INC 3.75% 288,547 296,856
MARSH & MCLENNAN COS INC 4.375% 342,160 351,267
FREEPORT-MCMORAN COPPER & GOLD INC 4.125% 140,788 147,939
LOWES COS INC 3.65% 394,205 415,004
CVS HEALTH CORP 3% 295,743 295,233
MPLX LP 4% 354,107 346,514
APACHE CORP 4.25% 205,729 191,466
BP CAP MKTS PLC 3.279% 439,394 441,333
BANK AMER CORP 3.5% 501,400 496,415
ENERGY TRANSFER OPER L P 3.75% 259,540 287,568
BERKSHIRE HATHAWAY FIN CORP 3.85% 274,817 251,862
METLIFE INC 4.05% 238,190 204,765
STATE STR CORP 5.272% 249,178 252,570
DELL INTL LLC / EMC CORP 5.3% 293,477 309,124
MORGAN STANLEY 3.622% 464,390 479,265

TY 2024 InvestmentsCorpStockSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Name of Stock End of Year Book Value End of Year Fair Market Value
WASTE MANAGEMENT INC 102,180 204,108
WEC ENERGY GROUP INC 54,332 69,084
WELLS FARGO & CO NEW 54,536 109,925
UBS GROUP AG 64,980 72,814
WORKDAY INC CL A 107,717 113,760
WYNDHAM HOTELS & RESORTS 36,099 34,434
SYMRISE AG 40,768 32,657
WASTE CONNECTIONS INC 40,745 54,818
VISA INC CL A 44,357 133,144
WALMART STORES INC 24,285 81,939
WALMART INC 240,319 518,301
WABTEC CORP 81,321 118,495
VISA INC-CLASS A SHARES 29,967 82,016
VISA INC COM CL A 165,390 271,968
VISA INC 363,344 617,079
VERTEX PHARMACEUTICALS INC 32,823 60,992
VERIZON COMMUNICATIONS 120,462 117,608
VEOLIA ENVIRONMENT 51,634 59,974
UTILITIES SELECT SECT SPDR 21,133 24,498
US FOODS HOLDING CORP 30,259 88,486
SYSCO CORP 51,782 75,741
US BANCORP NEW 435,532 452,500
UBER TECHNOLOGIES INC 25,347 53,554
THE HERSHEY COMPANY 24,237 22,238
TAIWAN SEMI MFG CO 101,922 118,002
THERMO FISHER SCIENTIFIC 51,139 64,873
UNITED RENTALS INC 68,960 86,641
TRUIST FINANCIAL CORP 352,107 379,604
TRIP COM GROUP LTD ADS 20,987 34,657
TRANSUNION 77,267 96,888
TRADEWEB MARKETS INC 33,470 74,078
TOTALENERGIES SE 25,784 35,054
TJX COS INC 70,550 246,981
THERMO FISHER SCIENTIFIC INC 176,925 125,693
THERMO FISHER CORP 31,760 41,357
TAIWAN SEMICONDUCTOR MFG CO 118,028 187,987
TEXAS INSTRUMENTS INC 88,638 102,774
TETRA TECH INC 19,024 16,721
TENCENT HLDGS LTD 136,187 140,030
TE CONNECTIVITY PLC 51,643 67,637
TARGET CORP 67,345 58,599
TAKE-TWO INTERACTIVE SOFTWARE INC 41,591 76,984
TAKE-2 INTERACTIVE 36,747 70,427
TAIWAN SEMICONDUCTOR MFG CO LTD 19,363 85,387
UNITEDHEALTH GROUP INC 203,853 228,364
PHILIP MORRIS INTL INC 227,648 314,903
UNITED PARCEL SERVICE CL B 256,299 151,411
SPOTIFY TECHNOLOGY SA 163,756 322,282
PROCTER & GAMBLE CO 67,001 72,492
PRO MEDICUS LTD 11,567 11,960
INDITEX 53,162 49,346
PFIZER INC 237,537 211,494
S&P GLOBAL INC 104,709 158,188
STRAUMANN HOLDING AG 20,554 22,782
SAFRAN S A 106,422 205,974
SALESFORCE INC 52,873 51,265
STARBUCKS CORP 130,575 121,867
SPDR S&P REGIONAL BK ETF 24,557 22,033
UNION PACIFIC CORP 77,987 79,377
SPDR S&P OIL & GAS EXPLORA 21,549 20,128
SPDR S&P 500 ETF TRUST 46,811 123,570
SONY GROUP CORPORATION 31,189 73,639
SONY GROUP CORP 56,293 70,463
SIMON PROP GROUP 99,652 115,105
SIKA AG ADR 42,554 41,212
SIEMENS ENERGY AG 110,522 265,393
SIEMENS AG AKTIEN 34,610 34,532
SHOPIFY INC CL A 136,109 221,011
SHOPIFY INC 33,262 45,218
PROCTER & GAMBLE COMPANY 66,394 118,056
PROLOGIS INC 29,394 26,700
PRUDENTIAL FINANCIAL 65,841 65,538
PRYSMIAN SPA 34,152 38,340
UNION PAC CORP 102,013 163,126
UNILEVER PLC 73,003 75,484
UL SOLUTIONS INC 32,658 43,061
PENTAIR PLC 82,473 86,749
SUZUKI MTR CORP 48,712 55,411
STERIS PLC 58,540 113,625
RYAN SPECIALTY HOLDINGS INC 41,141 59,833
RTX CORPORATION 131,190 319,055
ROYAL CARIBBEAN CRUISES LD 44,101 50,416
ROLLS-ROYCE HOLDINGS PLC 6,273 62,687
ROLLS ROYCE HLDGS PLC 98,562 178,034
ROCKWELL AUTOMATION INC 27,481 36,871
ROCHE HOLDINGS LTD 44,345 41,754
ROCHE HLDGS LTD 39,740 51,521
RHEINMETALL AG 29,932 41,946
RHEINMETALL ADR 53,948 63,796
REPLIGEN CORP 24,757 16,170
RENTOKIL INITIAL PLC 35,347 23,376
QUANTA SVCS INC 9,683 35,540
QUANTA SERVICES INC 14,020 46,126
QUALCOMM INC 111,463 243,190
PT BK RAKYAT 63,448 48,884
PEPSICO INC 191,739 224,468
INTERACTIVE BROKERS GROUP INC CLASS A 21,928 53,193
PAYCOM SOFTWARE INC 67,174 84,230
NORTHROP GRUMMAN CORP 130,379 148,995
ORACLE CORP 310,124 470,710
ON HOLDING AG 26,292 23,007
NVIDIA CORP 452,024 1,789,395
NUCOR CORP 99,783 226,695
MOTOROLA SOLUTIONS INC 163,960 251,016
NU HOLDINGS LIMITED 58,186 72,112
NOVO NORDISK A.S. ADR 55,353 66,742
NINTENDO LTD 76,323 96,897
O'REILLY AUTO INC NEW 76,617 116,269
NIKE INC-CLASS B 155,482 177,600
NIDEC CORP 48,234 15,459
NICE LTD 27,275 29,727
NEXTERA ENERGY INC 212,315 227,424
NETFLIX INC 71,928 257,113
NETFLIX COM INC 20,759 68,296
NASDAQ INC 34,486 87,453
MUNICH RE GROUP 22,290 57,249
MCDONALDS CORP 75,764 140,241
ORACLE CORPORATION COM 61,951 193,706
OTSUKA HLDGS CO LTD 35,004 43,540
LOCKHEED MARTIN CORP 68,744 95,870
MERCADOLIBRE INC 142,853 277,045
MCDONALD'S CORP 93,445 95,247
MCKESSON CORP 90,665 116,512
MORGAN STANLEY 27,890 183,118
MONOTARO CO LTD 48,417 62,122
MONDELEZ INTL INC 38,394 66,563
MONDAY COM LTD 57,901 85,853
MITSUBISHI UFJ FINL GRP 85,000 103,118
MITSUBISHI HEAVY IND LTD 82,150 167,651
MEITUAN ADR 106,142 71,054
MEDPACE HOLDINGS 45,622 49,590
MEDTRONIC PLC 150,973 153,856
MERCK & CO INC 242,715 263,366
OW SMALL & MIDCAP STRAT FD 1,853,194 2,114,449
META PLATFORMS INC 296,819 731,450
META PLATFORMS, INC 108,928 138,761
METLIFE INC 102,414 119,745
MICHELIN COMPAGNIE GENERALE DES ESTABLISHMENTS 47,868 46,059
MICROSOFT CORP 1,141,250 3,120,753
MORGAN STANLEY GRP INC 96,268 131,705
MSCI INC 239,839 246,844
MOWI ASA 47,459 48,133
PANDORA A/S 29,062 32,300
PAN PAC INTL HLDGS CORP 37,800 68,923
PALO ALTO NETWORKS INC 5,886 34,993
MASTERCARD INC CL A 134,386 227,586
3I GROUP PLC 81,773 120,353
KINDER MORGAN INC 95,281 132,300
MARTIN MARIETTA MATLS INC 69,945 192,136
MANHATTAN ASSOCIATES INC 31,070 33,372
LVMH MOET HENNESSY LOUIS VUITTON 37,519 25,110
PARTNERS GROUP HOLDING AG 25,616 22,121
LONZA GROUP AG REG 50,191 55,404
LONDON STOCK EXCHANGE 47,187 70,080
LONDON STK EXCHANGE GROUP 33,826 52,137
KEY CORP 147,636 174,200
LIVE NATION ENTERTMNT INC 30,257 57,032
LINDE PLC NEW 59,234 84,922
LILLY ELI & CO 326,916 360,923
LIGHT & WONDER INC 33,845 35,519
L3HARRIS TECHNOLOGIES INC 38,592 38,629
L3 HARRIS TECHNOLOGIES INC 244,646 321,828
KUBOTA CORP 41,469 21,694
KRANESHARES TR CSI CHI INT 66,548 68,729
KLA CORPORATION 88,569 128,091
KKR & CO INC 31,031 42,968
KEYSIGHT TECHNOLOGIES INC 109,364 114,866
MASTERCARD CL A 42,878 107,893
INVESCO QQQ TRUST SERIES 1 132,137 137,910
KERRY GROUP PLC 47,776 52,823
KENVUE INC 48,205 46,548
JPMORGAN CHASE & CO 351,807 850,017
JP MORGAN CHASE & CO 114,293 434,865
JOHNSON & JOHNSON 168,870 182,996
ISHRS MSCI EAFE IND FND 62,407 63,735
KEYENCE CORP 58,915 51,692
IRHYTHM TECHNOLOGIES INC 22,450 44,802
INTUITIVE SURGICAL INC 31,934 32,605
INTUITIVE SURGICAL 158,705 211,385
INTL. BUSINESS MACHINES CORP 126,699 294,780
INTERPUBLIC GROUP OF COMPANIES INC 47,722 67,320
INTERNATIONAL PAPER CO 134,679 140,491
INTERNATIONAL PAPER 108,053 92,068
XYLEM INC 254,112 258,720
INTERCONTINENTAL EXCHG INC 115,485 172,096
SERVICENOW INC 267,674 361,884
ING GROEP NV 44,058 63,393
ING GROEP N V 42,125 78,295
SHERWIN-WILLIAMS CO 63,729 64,895
BROOKFIELD CORP VTG SHS CL A 44,268 69,929
SEMPRA ENERGY 46,051 68,344
ELEVANCE HEALTH INC 47,197 38,896
FAST RETAILING CO LTD 41,660 44,348
FANUC CORPORATION 49,181 29,165
GALLAGER ARTHUR J & CO 23,519 49,619
EXXON MOBIL CORP 307,559 297,205
CONOCOPHILLIPS 98,580 101,496
ERSTE BK GROUP AG 35,531 81,272
EQUIFAX INC 33,115 56,024
ENTEGRIS INC 46,445 28,954
FISERV INC 97,760 129,652
EATON CORP PLC 96,301 172,427
DUKE ENERGY HLDG CORP 86,144 106,790
DSM-FIRMENICH AG 38,046 37,639
EXPERIAN PLC 58,685 104,415
DOW INC 160,846 72,820
GARTNER INC 16,014 49,720
GE VERNOVA LLC 18,778 28,574
IDEXX LABS CORP 50,008 61,143
ICICI BK LTD 55,634 84,436
FERRARI N V 30,968 72,280
FLUTTER ENTERTAINMENT PLC 46,053 60,010
ASM INTERNATIONAL NV NY 37,954 66,657
AMETEK INC NEW 64,185 71,116
ASHTEAD GROUP PLC 56,081 47,131
ASHTEAD GROUP 79,378 74,963
ALPHABET INC. CLASS A 48,904 56,217
ARCH CAPITAL GROUP LTD 65,647 91,414
APPLE INC 716,618 1,803,036
APOLLO GLOBAL MGMT INC 23,850 37,596
APOLLO GLOBAL MANAGEMENT 59,211 53,911
API GROUP CORP 34,461 46,152
AON PLC 178,152 169,461
ANALOG DEVICES INC 27,627 86,877
SEMPRA 80,458 75,771
AMERICAN TOWER CORP 84,201 89,735
FLUTTER ENTMT PLC 54,762 75,727
AMERICAN ELECTRIC POWER CO 57,510 56,238
AMEREN CORP 60,677 80,962
AMAZON.COM INC 590,957 1,118,234
APPLIED MATERIALS 105,577 118,813
COMPASS GROUP PLC 57,178 69,316
CLEAN HARBORS INC 44,289 72,361
CONSTELLATION SOFTWARE 40,674 54,900
FREEPORT-MCMORAN INC 41,698 44,954
FORTINET INC 142,094 230,682
FORD MOTOR CO DEL 149,163 108,502
FOMENTO ECONOMICO MEX 33,519 31,718
HOWMET AEROSPACE INC 54,465 216,842
HONEYWELL INTL INC 115,306 163,016
HONEYWELL INTERNATIONAL INC 119,310 128,084
DAIFUKU CO LTD 31,697 36,448
DAIKIN INDS LTD 34,137 26,088
DEUTSCHE TELEKOM REG 73,019 78,210
CRH PLC 122,943 155,234
CROWDSTRIKE HOLDINGS INC 28,159 33,615
CYBERARK SOFTWARE LTD 17,696 48,826
CROWN CASTLE INC 282,382 259,395
CROWN CASTLE INTL CORP NEW 27,580 38,626
DOLLARAMA INC 45,057 133,048
CUMMINS INC 112,637 214,841
CTS EVENTIM AG 14,361 17,062
CORTEVA INC 84,588 155,100
HOME DEPOT INC 53,123 128,324
COSTCO WHSL CORP NEW 168,095 315,792
DEVON ENERGY CORPORATION 55,747 159,051
DEXCOM INC 62,036 43,994
COOPER COS INC 33,287 40,418
DISNEY WALT CO 211,262 248,022
COPART INC 40,598 51,818
DIAGEO PLC 42,969 32,874
CORPAY INC 63,303 57,073
CORE & MAIN INC 40,880 54,558
DANAHER CORP 114,442 133,931
DBS GROUP HLDGS LTD 31,488 56,470
DEERE & CO 109,271 276,110
CREDICORP LTD 30,829 53,421
HOME DEPOT 125,215 132,723
HITACHI LTD 27,313 57,903
HILTON WORLDWIDE HOLDINGS 26,892 70,314
GARTNER INC CL A 86,047 90,142
HEXAGON AB 29,896 30,903
HEIDELBERG MATERIALS AG 30,564 34,961
HDFC BK LTD 49,664 59,803
HDFC BANK LTD ADR REPS3 91,626 108,642
HALEON PLC 72,791 85,252
HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC 45,498 38,436
GSK PLC 37,318 35,558
GRAB HOLDINGS LIMITED CLASS A 41,410 53,097
GENUINE PARTS CO 137,485 158,311
GENERAL MLS INC 59,588 51,811
HEINEKEN N V 38,695 29,148
DOORDASH INC 30,194 67,790
ZOETIS INC CL A 179,457 179,498
CVS HEALTH CORP 143,653 172,450
COSTAR GROUP INC 70,216 77,024
DEUTSCHE BOERSE 71,474 72,428
COUPANG INC CL A 66,226 103,811
ASM INTERNATIONAL NV 10,630 22,927
AMGEN INC 141,589 209,409
ASML HLDG N V N Y REGISTRY 20,399 86,550
CANADIAN PACIFIC KANSAS CITY LTD 59,766 96,024
BLACKROCK INC 131,281 209,850
BJ'S WHOLESALE CLUB HOLDIN 88,584 123,357
BERKSHIRE HATHAWAY CL B 46,599 54,892
BENTLEY SYSTEMS INC 27,196 31,951
BANK OF AMERICA CORP 440,610 769,088
BAKER HUGHES COMPANY 30,578 57,509
BAE SYS PLC 102,773 178,934
AXON ENTERPRISE INC 26,154 85,278
CANADIAN NATURAL RES LTD 53,224 53,443
CARLISLE COS 56,230 80,655
BLACKROCK INC COM 75,107 169,979
ASML HOLDING 106,018 157,487
COMCAST CORP NEW 59,088 68,918
COMCAST CORP CL A 71,244 54,286
COGNEX CORP 66,542 42,410
COCA-COLA EUROPACIFIC PARTNERS PLC 34,556 55,354
COCA-COLA COMPANY 56,024 70,257
COCA COLA CO 65,020 88,508
CMS ENERGY CORP 45,118 66,094
CME GROUP INC 85,865 145,252
CLOUDFLARE INC 20,255 47,587
BLACKSTONE INC 271,196 410,000
AVERY DENNISON CORP 67,165 131,603
INTERNATIONAL BUS MACHINES 65,719 74,873
SEA LTD 89,503 193,367
SCHLUMBERGER LTD 161,824 105,997
SBA COMMUNICATIONS CORP 26,381 29,120
SAP SE 119,722 145,360
SAMSUNG ELECTRONICS GDR 91,729 100,191
SAMSARA INC 33,807 29,597
SAIA INC 32,472 28,770
IMCD NV 28,647 23,659
IDEXX LABS INC 78,985 100,832
BLOCK INC 33,991 33,693
CAMECO CORP 44,194 157,886
CADENCE DESIGN SYSTEMS INC 32,740 59,473
BWX TECHNOLOGIES INC 29,313 46,098
BUILDERS FIRSTSOURCE INC 17,580 12,137
BROOKFIELD CORPORATION 64,781 88,632
BROADCOM INC 408,881 1,042,785
BRISTOL MYERS SQUIBB CO 232,847 197,891
BOSTON SCIENTIFIC CORP 105,087 140,063
BOOZ ALLEN HAMILTON HLDGS 59,494 55,086
BOOKING HLDGS INC 62,037 98,416
BOEING COMPANY 40,923 44,001
CLEAN HBRS INC 11,411 45,542
COMMERZBANK AG ORD 41,160 51,237
ILLINOIS TOOL WORKS INC 29,771 32,143
ABBOTT LABS INC 155,942 208,096
ALPHABET INC CL A 97,231 308,403
AIA GROUP LTD 93,645 95,084
AECOM 16,719 51,238
ADYEN NV ADR 48,361 69,550
ADYEN N V 108,794 141,986
ADVANTEST CORP 30,381 38,579
ADOBE SYS INC COM 214,466 177,966
ACCENTURE PLC IRELAND 103,916 163,190
ACCENTURE PLC 140,352 212,212
CISCO SYSTEMS INC 91,649 173,450
ABBOTT LABS COM 133,583 195,582
ABBOTT LABORATORIES 94,740 115,677
AGILENT TECHNOLOGIES 81,460 76,825
COMPANHIA DE SANEAMENTO BASICO ADR 39,630 48,971
ALPHABET INC CLASS C 576,950 944,958
AMAZON COM INC 239,294 556,153
AUTOMATIC DATA PROCESSING 30,686 43,176
ATLASSIAN CORP PLC 35,990 28,635
ATLASSIAN CORP CL A 29,782 41,634
ASTRAZENECA PLC 186,975 213,718
ASSA ABLOY AB 38,075 39,917
ASML HOLDING N V 24,799 33,658
ABBVIE INC 280,635 336,900
AIR PRODUCTS & CHEMICALS INC 306,718 338,473
CITIZENS FINANCIAL GROUP INC 153,294 201,377
CIE DE SAINT GOBAIN 52,981 54,652
CHEVRON CORPORATION 134,859 264,904
CHEVRON CORP 209,554 286,239
CHENIERE ENERGY INC 46,054 49,921
CDW CORP/DE 47,571 63,221
CCC INTELLIGENT SOLUTIONS 49,279 43,494
CBRE GROUP INC 45,378 48,341
CATERPILLAR INC 209,099 480,606
CENCORA INC 112,637 177,813
AVANTOR INC 61,690 29,909
ALIBABA GROUP HOLDING LTD 55,822 45,305
AKZO NOBEL N V 44,917 28,652
ALCON SA ACT 34,494 42,783
AIRBNB INC CL A 157,493 130,881
ALIMENTATION COUCHE-TARD I 56,228 56,118
ALPHABET INC CAP STK CL C 53,953 172,068
AUTOMATIC DATA PROCESSING INC 44,248 78,642

TY 2024 InvestmentsGovtObligationsSch
Name:
RAMAPO TRUST
EIN:
13-6594279
US Government Securities - End of Year Book Value:

7,908,371
US Government Securities - End of Year Fair Market Value:

7,711,428
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
RAMAPO TRUST
EIN:
13-6594279
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HH PRE-IPO OFFSHORE FEEDER FUND II, L.P. AT COST 130,579 66,583
BTO II OFFSHORE FEEDER FUND, LTD. AT COST 344,890 203,725
TRG GROWTH PARTNERSHIP(VENTURE CAP) AT COST 378,996 17,631
STEPSTONE CAPITAL PARTNERS II AT COST 324,029 0
STEPSTONE MASTERS IV OFFSHORE AT COST 198,733 0
BTO OFFSHORE FEEDER FUND, L.P. AT COST 167,722 15,315

TY 2024 LegalFeesSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL GOVERNANCE AND COUNSEL 169 0   169


TY 2024 OtherAssetsSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INTEREST RECEIVABLE 180,015 171,828 171,828
DUE FROM BROKER 290,481 1,227,486 1,227,486
ARTWORK 16,995 16,995 16,995


TY 2024 OtherExpensesSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 5,231 5,231   0
INSURANCE - DIRECTORS' LIAB 7,469 3,734   3,734
INSURANCE - OFFICE 2,111 1,056   1,055
MISCELLANEOUS EXPENSE 54 27   27
OFFICE & SHIPPING 7,752 3,877   3,875
TELEPHONE 3,283 328   2,955
NYS FILING FEES 1,500 0   1,500


TY 2024 OtherIncomeSchedule2
Name:
RAMAPO TRUST
EIN:
13-6594279
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
INCOME FROM OTHER INVESTMENTS 77,714 77,714 77,714


TY 2024 OtherIncreasesSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Description Amount
REFUNDS AND CANCELLATIONS OF PRIOR GRANTS 6,018


TY 2024 OtherLiabilitiesSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Description Beginning of Year - Book Value End of Year - Book Value
DUE TO BROKERS 24,090 0


TY 2024 OtherProfessionalFeesSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CUSTODIAL FEES 469,495 469,495   0
INFO TECH CONSULTING 7,800 0   7,800
INVESTMENT CONSULTING 675 675   0
PROGRAM CONSULTING 131,688 0   131,688


TY 2024 TaxesSchedule
Name:
RAMAPO TRUST
EIN:
13-6594279
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES 67,581 0   0
FOREIGN TAXES WITHHELD 22,373 22,373   0
NYS UNRELATED BUSINESS INCOME TAX 250 0   0