Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
DELUXE CORPORATION FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO Box 818095
  Room/suite
City or town
CLEVELAND
State or province
OH
Country  
ZIP or foreign postal code
44181
A Employer identification number

41-6034786
B Telephone number (see instructions)

6514837111
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$27,902,258J 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 .................
3 Interest on savings and temporary cash investments 22,810 22,810  
4 Dividends and interest from securities... 610,846 610,846  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 483,257
b Gross sales price for all assets on line 6a 8,992,597
7 Capital gain net income (from Part IV, line 2)... 483,257
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
41 41  
12 Total. Add lines 1 through 11........ 1,116,954 1,116,954  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
75     75
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,387     6,387
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
59,956 58,171   1,785
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,803      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,138 2,158   2,980
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 80,359 60,329   11,227
25 Contributions, gifts, grants paid....... 1,550,644 1,550,644
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,631,003 60,329   1,561,871
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -514,049
b Net investment income (if negative, enter -0-) 1,056,625
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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.............      
2 Savings and temporary cash investments......... 491,019 834,416 834,416
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 7,724,242 7,779,562 8,030,794
b Investments—corporate stock (attach schedule)....... 16,518,849 Click to see attachment
List of Attached Documents:
// Content
15,606,083 		19,037,048
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,734,110 24,220,061 27,902,258
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 24,734,110 24,220,061
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 24,734,110 24,220,061
30 Total liabilities and net assets/fund balances (see instructions). 24,734,110 24,220,061
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
24,734,110
2
Enter amount from Part I, line 27a .....................
2
-514,049
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
24,220,061
5
Decreases not included in line 2 (itemize)
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
24,220,061
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,951,908   8,509,340 442,568
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       442,568
b
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 2 483,257
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 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 14,687
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  
3 Add lines 1 and 2........................... 3 14,687
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14,687
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 6,400
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 6400 7 6,400
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  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 8,287
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
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)
MN
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 2025 or the taxable year beginning in 2025? 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 addressHTTPS//WWW.DELUXE.COM/ABOUT/DELUXE-CARES/FOUNDATION-AWARDS/
14
The books are in care ofALEX GOODWIN Telephone no. (651) 490-8165

Located atPO BOX 818095CLEVELANDOH ZIP+444181
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
BARRY C MCCARTHYClick to see attachment
List of Attached Documents:
// Content
PRESIDENT
001.00 		0    
PO BOX 818095
CLEVELAND,OH44181
ALEX GOODWINClick to see attachment
List of Attached Documents:
// Content
VICE PRESIDENT/SECRETARY
008.00 		0    
PO BOX 818095
CLEVELAND,OH44181
BRAD HONEYClick to see attachment
List of Attached Documents:
// Content
TREASURER
001.00 		0    
PO BOX 818095
CLEVELAND,OH44181
GARRY L CAPERS JRClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
001.00 		0    
PO BOX 818095
CLEVELAND,OH44181
JEFFREY L COTTERClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
001.00 		0    
PO BOX 818095
CLEVELAND,OH44181
WILLIAM C ZINT IVClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
001.00 		0    
PO BOX 818095
CLEVELAND,OH44181
KIMBERLY D CROSSClick to see attachment
List of Attached Documents:
// Content
DIRECTOR
001.00 		0    
PO BOX 818095
CLEVELAND,OH44181
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...................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NONE 0
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 NONE  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
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
26,069,812
b
Average of monthly cash balances.......................
1b
555,197
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
26,625,009
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
26,625,009
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
399,375
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
26,225,634
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,311,282
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,311,282
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
14,687
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
14,687
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,296,595
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,296,595
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,296,595
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, line 26, column (d) Click to see attachment
List of Attached Documents:
// Content
..........
1a
1,561,871
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,561,871
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 1,296,595
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 50,954
b From 2021......  
c From 2022...... 634,352
d From 2023......  
e From 2024...... 424,743
f Total of lines 3a through e ........ 1,110,049
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,561,871
a Applied to 2024, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		 
d Applied to 2025 distributable amount..... 1,296,595
e Remaining amount distributed out of corpus 265,276
5 Excess distributions carryover applied to 2025.    
(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 1,375,325
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		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) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		50,954
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		1,324,371
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 .... 634,352
c Excess from 2023 ....  
d Excess from 2024 .... 424,743
e Excess from 2025 .... 265,276
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here 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, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ALEX GOODWIN SI AND ENGMT MANAGER
PO BOX 818095
CLEVELAND,OH44181
(651) 483-7111
bThe form in which applications should be submitted and information and materials they should include:
COMPLETE THE GRANT APPLICATION LOCATED ON THE DELUXE CORPORATION FOUNDATION WEBSITE.
cAny submission deadlines:
GRANT APPLICATIONS ARE ACCEPTED FROM APRIL 1 - AUGUST 31 EACH CALENDAR YEAR.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
QUALIFYING NONPROFIT ORGANIZATIONS MUST MEET GRANT FOCUS AREAS AND BE LOCATED IN DELUXE COMMUNITIES.
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ALEX GOODWIN SI AND ENGMT MANAGER
PO BOX 818095
CLEVELAND,OH44181
(651) 483-7111
bThe form in which applications should be submitted and information and materials they should include:
MATCHES WILL AUTOMATICALLY BE APPLIED TO ELIGIBLE EMPLOYEE CONTRIBUTIONS.
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
DONATIONS TO ELIGIBLE ORGANIZATIONS WILL BE MATCHED UP TO 2,000 USD AND CAD PER EMPLOYEE PER YEAR.
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ALEX GOODWIN SI AND ENGMT MANAGER
PO BOX 818095
CLEVELAND,OH44181
(651) 483-7111
bThe form in which applications should be submitted and information and materials they should include:
TRACK VOLUNTEER HOURS AND SUBMIT A REQUEST THROUGH THE YOURCAUSE PORTAL.
cAny submission deadlines:
REQUIRED HOURS MUST BE DONATED DURING A CALENDAR YEAR BY DELUXE EMPLOYEES.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
DONATED TIME TO ELIGIBLE ORGANIZATIONS MAY BE MATCHED WITH CASH UP TO 750 PER EMPLOYEE PER YEAR.
Form 990-PF (2025)
Form 990-PF (2025)
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

ALEXANDRA HOUSE INC

10065 3RD ST NE
BLAINE,MN55434 		    GENERAL OPERATING SUPPORT 25,000

AMERICAN RED CROSS

431 18TH ST NW
WASHINGTON,DC20006 		    GENERAL OPERATING SUPPORT 250,000

BILINGUAL LEARNING CENTER

PO BOX 19034
MINNEAPOLIS,MN55419 		    GENERAL OPERATING SUPPORT 25,000

COMMUNITY HEALING AND MENTAL HEALTH PROJECT INC

1311 ROSEBROOK DRIVE
MANSFIELD,TX76063 		    GENERAL OPERATING SUPPORT 25,000

CLARE HOUSING

929 CENTRAL AVENUE NE
MINNEAPOLIS,MN55413 		    GENERAL OPERATING SUPPORT 25,000

FREE GUITARS 4 KIDS

3030 FRANCE AVENUE SOUTH SUITE 310
ST LOUIS PARK,MN55416 		    GENERAL OPERATING SUPPORT 25,000

HMONG AMERICAN PARTNERSHIP

394 UNIVERSITY AVENUE WEST 2ND FLOO
SAINT PAUL,MN55103 		    GENERAL OPERATING SUPPORT 25,000

JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST INC

1745 UNIVERSITY AVENUE WEST
SAINT PAUL,MN55104 		    BIZTOWN 25,000

JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST INC

1745 UNIVERSITY AVENUE WEST
SAINT PAUL,MN55104 		    GENERAL OPERATING SUPPORT 75,000

JUNIOR ACHIEVEMENT OF GEORGIA INC

275 NORTHSIDE DR NW
ATLANTA,GA30314 		    BIZTOWN 25,000

JUNIOR ACHIEVEMENT OF GEORGIA INC

275 NORTHSIDE DR NW
ATLANTA,GA30314 		    GENERAL OPERATING SUPPORT 75,000

MEALS FROM THE HEART

5600 MEMORIAL AVE N
OAK PARK HEIGHTS,MN55082 		    GENERAL OPERATING SUPPORT 135,000

METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION

1256 PENN AVENUE NORTH NO 4800
MINNEAPOLIS,MN55411 		    GENERAL OPERATING SUPPORT 25,000

MILITARY SPOUSE CORPORATE CAREER NETWORK INC

13971 LAKE MAHOGANCY BLVD 2611
FORT MYERS,FL33907 		    GENERAL OPERATING SUPPORT 25,000

NATIONAL CENTER FOR CIVIL AND HUMAN RIGHTS INC

250 WILLIAMS STREET NO 2322
ATLANTA,GA30303 		    GENERAL OPERATING SUPPORT 100,000

NATIONAL URBAN LEAGUE INC

80 PINE STREET 9TH FLOOR
NEW YORK,NY10005 		    GENERAL OPERATING SUPPORT 200,000

NEIGHBORHOOD FOREST INC

5244 ZENITH AVENUE SOUTH
MINNEAPOLIS,MN55410 		    GENERAL OPERATING SUPPORT 35,000

SPECIAL OLYMPICS MINNESOTA INC

900 2ND AVE S SUITE 300
MINNEAPOLIS,MN55402 		    GENERAL OPERATING SUPPORT 25,000

THE BLACKBAUD GIVING FUND

65 FAIRCHILD STREET
CHARLESTON,SC29492 		    EMPLOYEE GIVING 280,644

THE GOLDEN SCOOP LLC

9540 NALL AVENUE
OVERLAND PARK,KS66207 		    GENERAL OPERATING SUPPORT 25,000

YOUTH FRONTIERS INC

5215 EDINA INDUSTRIAL BLVD SUITE 40
MINNEAPOLIS,MN55439 		    GENERAL OPERATING SUPPORT 100,000
Total ................................. 3a 1,550,644
bApproved for future payment

JUNIOR ACHIEVEMENT OF GEORGIA INC
275 NORTHSIDE DR NW
ATLANTA,GA30314 		    BIZTOWN 25,000

JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST INC
1745 UNIVERSITY AVENUE WEST
SAINT PAUL,MN55104 		    BIZTOWN 50,000

JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST INC
1745 UNIVERSITY AVENUE WEST
SAINT PAUL,MN55104 		    DREAM ACCELERATOR 225,000
Total ................................. 3b 300,000
Form 990-PF (2025)
Form 990-PF (2025)
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 22,810  
4 Dividends and interest from securities ....     14 610,846  
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 ............ 		    18 483,257  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aTRADE ERROR COMPENSATION 		    14 41  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,116,954  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,116,954
(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.)
1 N/A
Form 990-PF (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID: 25022281
Software Version: 25.0.0.0
Part V Line 7 - Tax Paid with the Original Return: 6,400


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
DELUXE CORPORATION FOUNDATION
EIN:
41-6034786
Software ID:
25022281
Software Version:
25.0.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SMITH SCHAFER ASSOCIATES, LTD. 6,387     6,387

TY 2025 InvestmentsCorpStockSchedule
Name:
DELUXE CORPORATION FOUNDATION
EIN:
41-6034786
Software ID:
25022281
Software Version:
25.0.0.0
Name of Stock End of Year Book Value End of Year Fair Market Value
1244 shares of 3I GROUP PLC-UNSPON ADR ADR SEDOL B3DZ1X2 ISIN US88579N1054 12,438 13,547
70 shares of ACI WORLDWIDE INC 2,585 3,347
17 shares of ADDUS HOMECARE CORP 1,928 1,826
720 shares of ADYEN NV-UNSPON ADR SEDOL BJXK4M9 ISIN US00783V1044 9,435 11,498
40 shares of AERCAP HOLDINGS NV ISIN NL0000687663 SEDOL B1HHKD3 3,632 5,750
59 shares of AGILENT TECHNOLOGIES IPO 8,913 8,028
92 shares of AGREE RLTY CORP REIT 5,650 6,627
69 shares of AKAMAI TECHNOLOGIES 5,789 6,020
22 shares of ALLSTATE CORP 3,734 4,579
153 shares of ALLY FINANCIAL INC 5,568 6,929
67 shares of AMERICAN INTERNATIONAL GROUPINC 5,328 5,732
10 shares of AMERIPRISE FINANCIAL INC 4,328 4,903
36 shares of AMERIS BANCORP 2,196 2,674
27 shares of AMETEK INC NEW 4,759 5,543
71 shares of AON PLC/IRELAND-A SEDOL BLP1HW5 ISIN IE00BLP1HW54 22,178 25,054
188 shares of ARAMARK 6,398 6,930
141 shares of ARCH CAPITAL GROUP LTD SEDOL 2740542 ISIN BMG0450A1053 14,141 13,525
52 shares of ARCOSA INC - W/I 5,384 5,529
26 shares of ARGENX SE - ADR ADR SEDOL BDVLM39 ISIN US04016X1019 18,673 21,865
37 shares of ARISTA NETWORKS INC 3,406 4,848
15 shares of ASM INTERNATIONAL N V 10,039 9,051
38 shares of ASML HOLDING NV-NY SEDOL B908F01 ISIN USN070592100 33,741 40,655
19 shares of ASSURANT INC 3,328 4,576
142 shares of ASTRAZENECA PLC SPONS ADR 10,625 13,054
191 shares of AXALTA COATING SYSTEMS LTD SEDOL BSFWCF5 ISIN BMG0750C1082 5,666 6,171
237 shares of BAE SYSYTEMS PLC SPONSORED ADR 16,424 22,013
87 shares of BORG WARNER INC. 2,665 3,920
136 shares of BOX INC - CLASS A 4,452 4,068
51 shares of BURLINGTON STORES INC 10,551 14,731
26 shares of BWX TECHNOLOGIES INC 2,460 4,494
10 shares of CADENCE DESIGN SYSTEMS INC 2,653 3,126
243 shares of CANADIAN NATURAL RESOURCES SEDOL 2171573 ISIN CA1363851017 9,019 8,226
171 shares of CANADIAN PACIFIC KANSAS CITY SEDOL BMBQR09 ISIN CA13646K1084 13,882 12,591
119 shares of CARGURUS INC 4,485 4,564
17 shares of CARPENTER TECHNOLOGY CORP 1,778 5,352
19 shares of CASEYS GENERAL STORES INC 7,070 10,501
49 shares of CBRE GROUP INC 4,427 7,879
57 shares of CENCORA INC 13,975 19,252
155 shares of CENTERPOINT ENERGY INC 4,675 5,943
63 shares of CHURCHILL DOWNS INC 8,431 7,168
64 shares of CLEAN HARBORS INC 12,997 15,007
20 shares of CONSTELLATION BRANDS INC CL A 3,923 2,759
26 shares of COSTAR GROUP INC 2,207 1,748
188 shares of COTERRA ENERGY INC 5,224 4,948
630 shares of COUPANG INC 14,047 14,862
132 shares of CREDO TECHNOLOGY GROUP HOLDI SEDOL BLD13F2 ISIN KYG254571055 2,282 18,993
11 shares of CROWDSTRIKE HOLDINGS INC - A 3,317 5,156
10 shares of CYBER-ARK SOFTWARE LTD/ISRAE SEDOL BQT3XY6 ISIN IL0011334468 2,620 4,461
136 shares of DARLING INGREDIENTS INC 4,385 4,896
71 shares of DATADOG INC - CLASS A 8,874 9,655
37 shares of DIAMOND BACK ENERGY INC 5,608 5,562
156 shares of DIGITALOCEAN HOLDINGS INC 5,481 7,507
25025 shares of DIMENSIONAL INTERNATIONAL VA ETF 1,056,150 1,248,748
39 shares of DOLLAR TREE INC 2,910 4,797
17 shares of DOMINOS PIZZA INC. 8,330 7,086
38 shares of DOVER CORP 6,854 7,419
60 shares of DTE ENERGY CO 6,934 7,739
163 shares of DUTCH BROS INC-CLASS A 8,739 9,979
37 shares of EAST WEST BANCORP INC 2,788 4,158
150 shares of ENCOMPASS HEALTH CORP 12,943 15,921
82 shares of ENTERGY CORP NEW 4,559 7,579
114 shares of ENVISTA HOLDINGS CORP 1,956 2,475
32 shares of EPAM SYSTEMS INC 5,247 6,556
21 shares of ESSEX PPTY TR INC REIT 5,454 5,495
101 shares of EVERGY INC 5,790 7,321
536 shares of EXPERIAN PLC SPON ADR 23,965 24,211
6 shares of FABRINET SEDOL B4JSZL8 ISIN KYG3323L1005 1,277 2,732
37 shares of FEDERAL SIGNAL CORP 3,210 4,018
48 shares of FERGUSON ENTERPRISES INC 11,998 10,686
22 shares of FERRARI NV - W/I SEDOL BZ1GMK5 ISIN NL0011585146 8,855 8,130
407 shares of FIRST HORIZON CORPORATION 6,411 9,727
41 shares of FIRST MERCHANTS CORP 1,453 1,537
30 shares of FIRSTCASH HLDGS INC 3,966 4,781
14 shares of FIVE BELOW 2,143 2,637
83 shares of FLOWSERVE CORP 4,101 5,759
443 shares of FRESHWORKS INC-CL A 7,113 5,427
136 shares of FRONTDOOR INC-W/I 5,362 7,846
22 shares of GENERAC HOLDINGS INC 3,284 3,000
256 shares of GENPACT LTD SEDOL B23DNK6 ISIN BMG3922B1072 8,890 11,976
145 shares of GENTEX CORP 3,775 3,374
49 shares of GFL ENVIRONMENTAL INC-SUB VT SEDOL BKDT650 ISIN CA36168Q1046 1,594 2,105
21 shares of GRAND CANYON EDUCATION INC 3,122 3,493
80 shares of HASBRO INC 4,801 6,560
30 shares of HEALTHEQUITY INC 2,417 2,748
14 shares of HEICO CORP NEW 3,013 4,530
100 shares of HEXCEL CORP 5,932 7,390
39 shares of HILTON WORLDWIDE HLDGS - W/I 8,844 11,203
213 shares of HOST HOTELS RESORTS INC REIT 3,228 3,776
50 shares of HOULIHAN LOKEY INC 8,691 8,710
21 shares of HUMANA INC 5,195 5,379
355 shares of ICICI BANK LTD SPON ADR 9,517 10,579
35 shares of ICU MED INC 5,166 4,993
40 shares of ILLUMINA INC 4,495 5,246
35 shares of INGREDION INC 4,176 3,859
19 shares of INSULET CORP 3,890 5,401
52 shares of INTERNATIONAL FLAVORS FRAGRANCES INC 4,290 3,504
16513 shares of ISHARES CORE SP 500 ETF 8,692,109 11,310,414
65 shares of KEYSIGHT TECHNOLOGIES IN-W/I 9,112 13,207
20 shares of L3 HARRIS TECHNOLOGIES INC 4,255 5,871
28 shares of LABCORP HOLDINGS INC 5,802 7,025
89 shares of LAMB WESTON HOLDING INC-W/I 5,185 3,728
36 shares of LEIDOS HOLDINGS INC-W/I 4,877 6,494
117 shares of LKQ CORP 4,880 3,533
19 shares of LPL FINANCIAL HOLDINGS INC 4,901 6,786
20297 shares of LSV SMALL CAP FUND-INST 373,447 374,473
38 shares of MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC 3,958 6,509
104 shares of MAGNOLIA OIL GAS CORP CLASS A 2,629 2,277
61 shares of MATADOR RESOURCES CO 3,486 2,589
5 shares of MERCADOLIBRE INC 8,431 10,071
58 shares of MERIT MEDICAL SYSTEMS 4,721 5,112
168 shares of MICROCHIP TECHNOLOGY INC 10,979 10,705
43 shares of MID AMER APT CMNTYS INC 6,245 5,973
842 shares of MITSUBISHI HEAVY INDUSTRIES ADR SEDOL BSY13M7 ISIN US6067934041 9,944 20,402
39 shares of MONDAY.COM LTD SEDOL BMHRYX8 ISIN IL0011762130 7,120 5,755
11 shares of MONOLITHIC POWER SYSTEMS INC 9,946 9,970
36 shares of NATERA INC 4,279 8,247
26 shares of NEW LINDE PLC SEDOL BNZHB81 ISIN IE000S9YS762 11,261 11,086
25 shares of NOVA LTD SEDOL 2577740 ISIN IL0010845571 4,784 8,210
545 shares of NOVO NORDISK A S ADR 45,298 27,730
762 shares of NU HOLDINGS LTD/CAYMAN ISL-A SEDOL BN6NP19 ISIN KYG6683N1034 8,993 12,756
104 shares of O REILLY AUTOMOTIVE INC 7,180 9,486
199 shares of ON HOLDING AG-CLASS A SEDOL BPF0FP9 ISIN CH1134540470 6,913 9,250
23 shares of OSI SYS INC 3,112 5,866
5 shares of PARKER HANNIFIN CORP 2,749 4,395
87 shares of PEGASYSTEMS INC 3,616 5,196
115 shares of PERFORMANCE FOOD GROUP CO 8,262 10,341
402 shares of PERMIAN RESOURCES CORP 5,542 5,640
85 shares of PROCORE TECHNOLOGIES INC 6,032 6,183
46 shares of PTC INC 7,191 8,014
68341 shares of PZENA EMERG MKTS VALUE-INST 971,877 1,048,356
66 shares of Q2 HOLDINGS INC 5,145 4,763
20 shares of QUALYS INC 2,926 2,658
23 shares of QUANTA SVCS INC 7,470 9,707
99 shares of RAMBUS INC DEL 4,998 9,097
67 shares of REGAL REXNORD CORPORATION 8,764 9,401
46 shares of REINSURANCE GROUP OF AMERICA 8,927 9,359
1958 shares of ROLLS-ROYCE HOLDINGS PLC SPONSORED ADR 14,086 30,780
228 shares of SAFRAN SA UNSPON ADR 12,891 19,847
188 shares of SAMSARA INC-CL A 8,622 6,665
136 shares of SAP SE SPONSORED ADR 33,706 33,036
171 shares of SEA LTD-ADR ADR SEDOL BYWD7L4 ISIN US81141R1005 11,894 21,814
108 shares of SHARKNINJA INC SEDOL BRS7681 ISIN KYG8068L1086 7,719 12,085
53 shares of SHIFT4 PAYMENTS INC-CLASS A 3,422 3,337
292 shares of SIEMENS ENERGY AG-UNSP ADR SEDOL BN0T955 ISIN US82621A1043 12,640 40,924
79 shares of SKYWEST INC 6,307 7,932
13 shares of SNAP ON INC 3,605 4,480
25 shares of SPOTIFY TECHNOLOGY SA SEDOL BFZ1K46 ISIN LU1778762911 7,360 14,518
18 shares of SPX TECHNOLOGIES 2,503 3,601
312 shares of STARWOOD PROPERTY TRUST INC 6,175 5,619
187 shares of TAIWAN SEMICONDUCTOR MTG CO ADR 28,432 56,827
49 shares of TAKE TWO INTERACTIVE SOFTWARE CDT 7,783 12,545
10 shares of TELEDYNE TECHNOLOGIES INC 4,639 5,107
158 shares of TOAST INC-CLASS A 5,912 5,611
60060 shares of TOUCHSTONE SANDS EM GR-R6 973,016 1,030,622
60 shares of TYSON FOODS INC CLASS A 3,544 3,517
303 shares of UBS GROUP AG SEDOL BRJL176 ISIN CH0244767585 9,027 14,032
17 shares of UNIVERSAL DISPLAY CORP 2,913 1,985
168 shares of VALVOLINE INC 6,106 4,882
106 shares of VERACYTE INC 2,240 4,463
63 shares of VISTRA CORP 7,351 10,164
33 shares of WABTEC CORP 5,488 7,044
42 shares of WASTE CONNECTIONS INC SEDOL BYVG1F6 ISIN CA94106B1013 7,017 7,365
173 shares of WAYSTAR HOLDING CORP 6,421 5,666
132 shares of WEBSTER FINANCIAL CORP 6,002 8,308
51 shares of WEC ENERGY GROUP INC 4,226 5,378
48 shares of WESCO INTERNATIONAL INC 8,012 11,743
23 shares of WILLIS TOWERS WATSON PLC SEDOL BDB6Q21 ISIN IE00BDB6Q211 5,888 7,558
44 shares of XYLEM INC 6,154 5,992
147 shares of ZETA GLOBAL HOLDINGS CORP-A 2,310 2,991
63 shares of ZIMMER BIOMET HOLDINGS INC 6,867 5,665
137 shares of ZURN ELKAY WATER SOLUTIONS CORPORATION 4,458 6,369
62 shares of AAR CORP 4,448 5,133
48 shares of ACCENTURE PLC CLASS A SEDOL B4BNMY3 ISIN IE00B4BNMY34 11,774 12,878
11 shares of ADVANCED ENERGY INDS INC 1,195 2,303
293 shares of AIA GROUP LTD SPONSORED ADR 12,051 12,022
172 shares of ALIGNMENT HEALTHCARE INC 2,871 3,397
19 shares of ALNYLAM PHARMACEUTICALS INC 5,299 7,555
78 shares of AMBARELLA INC SEDOL B7KH3G6 ISIN KYG037AX1015 4,659 5,526
188 shares of AMERICAN EAGLE OUTFITTERS INC 3,040 4,958
203 shares of APPLIED OPTOELECTRONICS INC 2,326 7,077
183 shares of ARCUTIS BIOTHERAPEUTICS INC 4,438 5,314
1068 shares of ASSA ABLOY AB UNSP ADR 20,164 20,623
5290 shares of AUTOTRADER GROUP PLC ADR SEDOL BYMBY40 ISIN US05277E1047 13,384 10,210
6645 shares of AVANTIS US LARGE CAP VALUE ETF 437,995 503,492
15 shares of AXON ENTERPRISE INC 11,106 8,519
105 shares of BALL CORPORATION 5,455 5,562
343 shares of BLUE OWL CAPITAL INC CLASS A 5,681 5,124
197 shares of BRIGHTSPRING HEALTH SERVICES 4,211 7,378
54 shares of CALIX NETWORKS INC 3,427 2,858
112 shares of CELSIUS HOLDINGS INC 5,262 5,123
75 shares of CHECK POINT SOFTWARE TECH SEDOL 2181334 ISIN IL0010824113 14,643 13,917
146 shares of CHEWY INC - CLASS A 5,711 4,825
336 shares of CLICKS GROUP LTD-SP ADR ADR SEDOL B913Z27 ISIN US18682W2052 14,125 13,655
45 shares of CLOUDFLARE INC - CLASS A 8,710 8,872
847 shares of COLOPLAST A/S-SPONSORED ADR SEDOL BLFFNJ6 ISIN US19624Y2000 7,708 7,200
25 shares of COMMVAULT SYSTEMS INC 4,028 3,134
488 shares of COMPUTERSHARE LTD SPONSORED ADR 11,619 11,034
38 shares of CORE NATURAL RESOURCES INC 3,381 3,363
112 shares of CSL LTD-SPONSORED ADR ADR SEDOL BN5TD14 ISIN US12637N2045 6,418 6,451
168 shares of DANA INCORPORATED 3,512 3,992
322 shares of DEUTSCHE BOERSE AG UNSPN ADR 10,529 8,465
91 shares of DIAGEO PLC SPONSORED ADR 8,474 7,851
944 shares of DIPLOMA PLC-UNSP ADR SEDOL B67VDQ4 ISIN US25455X1046 17,275 16,699
27 shares of EAGLE MATERIALS INC 5,796 5,580
30 shares of EDWARDS LIFESCIENCES CORP 2,575 2,558
138 shares of ESSILORLUXTTICA ADR 25,280 21,862
25 shares of EVERCORE INC CL A 4,322 8,506
60 shares of EVERUS CONSTRUCTION GROU-W/I 3,686 5,134
62 shares of EXPAND ENERGY CORP 6,668 6,842
17 shares of FLUTTER ENTERTAINMENT PLC SEDOL BWXC0Z1 ISIN IE00BWT6H894 4,923 3,656
352 shares of GENIUS SPORTS LTD SEDOL BMF1JR1 ISIN GG00BMF1JR16 4,238 3,879
538 shares of GJENSIDIGE FORSIKRING-UN ADR SEDOL B4KQLJ1 ISIN US37636X1019 14,525 16,038
57 shares of GLOBUS MEDICAL INC A 5,207 4,977
122 shares of HALMA PLC - UNSPON ADR SEDOL BFX1K60 ISIN US40637C3088 11,555 11,596
25 shares of HALOZYME THERAPEUTICS INC 1,559 1,683
484 shares of HDFC BANK LTD SPON - ADR 17,656 17,685
1035 shares of HEXAGON AB- UNSP ADR ADR SEDOL B3Z0MB0 ISIN US4282631070 12,762 12,151
241 shares of HONG KONG EXCHANGES UNSPR ADR 13,257 12,561
87 shares of HOYA CORP SPONSORED ADR 14,443 13,194
120 shares of IMCD GROUP NV - UNSP ADR SEDOL BYZX658 ISIN US44970W1036 6,086 5,430
22 shares of IMPINJ INC 3,511 3,828
94 shares of INDIVIOR PLC EXCH 1/26/2026 SEE 45579U109 3,194 3,373
38 shares of INSMED INC 4,436 6,614
91 shares of INTERCONTINENTAL HOTELS-ADR SEDOL BF7NT10 ISIN US45857P8068 11,140 12,816
6 shares of INTERDIGITAL INC 1,222 1,910
26 shares of IRHYTHM HOLDINGS, INC 3,750 4,613
14361 shares of ISHARES CORE MSCI DEV MKTS ETF 1,084,580 1,184,495
31 shares of ISHARES SP MID-CAP 400 VALUE ETF 4,023 4,079
43 shares of KARMAN HOLDINGS INC 2,995 3,146
121 shares of LATTICE SEMICONDUCTOR CORP 7,728 8,903
208 shares of LEVI STRAUSS CO- CLASS A 4,413 4,314
240 shares of LIFE TIME GROUP HOLDINGS INC 6,929 6,379
14 shares of LITTELFUSE INC 3,671 3,541
469 shares of LONDON STOCK EX GRP ADR SPON SEDOL BLGXKW1 ISIN US54211Y1073 14,872 14,337
90 shares of LUMENTUM HOLDINGS INC -W/I 6,304 33,173
134 shares of LVMH MOET HENNESSY LOUIS ADR 19,089 20,209
1521 shares of M3 INC - UNSP ADR SEDOL BKKK6P6 ISIN US55379N1063 10,662 10,130
10 shares of MARTIN MARIETTA MATLS INC 6,345 6,227
86 shares of MERCURY SYSTEMS INC 4,300 6,279
121 shares of MIRION TECHNOLOGIES INC 3,388 2,834
70 shares of NEW YORK TIMES CO CLASS A 4,047 4,859
722 shares of NINTENDO LTD ADR 13,822 12,173
31 shares of PACKGING CORP PKG 6,323 6,393
296 shares of PERNOD RICARD SA - SPON ADR SEDOL BP9RHV6 ISIN US7142643060 5,795 5,076
124 shares of PHILIP MORRIS INTERNAT-W/I 21,308 19,890
19 shares of RBC BEARINGS INC 7,339 8,520
1085 shares of RECRUIT HOLDINGS CO LTD-ADR ADR SEDOL BF43JH9 ISIN US75629J1016 10,817 12,206
354 shares of RELX PLC ADR SEDOL BYRY2M8 ISIN US7595301083 15,600 14,309
234 shares of REMITLY GLOBAL INC 4,885 3,229
370 shares of RENTOKIL INITIAL PLC SPONSORED ADR 10,248 10,900
23 shares of REPLIGEN CORP 3,731 3,769
22 shares of RHEINMETALL AG-UNSP ADR ADR SEDOL B3K9YP0 ISIN US76206K1079 8,256 8,041
85 shares of ROBLOX CORP -CLASS A 6,953 6,888
17 shares of ROCKWELL AUTOMATION INC 5,560 6,614
138 shares of SARTORIUS AG-UNSP ADR SEDOL BL4KKX5 ISIN US80385Q2084 7,445 8,015
56 shares of SEAGATE TECHNOLOGY HOLDINGS SEDOL BKVD2N4 ISIN IE00BKVD2N49 12,172 15,422
31 shares of SENSIENT TECHNOLOGIES CORP 3,419 2,912
19 shares of SERVICETITAN INC-A 2,011 2,024
483 shares of SHIMANO INC-UNSPON ADR ADR SEDOL BWZWZ32 ISIN US82455C1018 5,105 5,047
71 shares of SHOPIFY INC - A W/I SEDOL BXDZ9Z0 ISIN CA82509L1076 12,371 11,429
24 shares of SITIME CORP 4,976 8,477
204 shares of SLB LIMITED SEDOL 2779201 ISIN AN8068571086 6,940 7,830
29 shares of SNOWFLAKE INC-CLASS A 6,333 6,361
87 shares of SOLARIS ENERGY INFRASTRUCTURE INC 2,809 3,999
56 shares of SOUTHSTATE BANK CORP 5,496 5,270
272 shares of SUPER GROUP SGHC LTD SEDOL BMG42V4 ISIN GG00BMG42V42 3,025 3,250
487 shares of TENCENT HOLDINGS LTD UNSPON ADR 35,487 37,280
734 shares of TOTVS SA - ADR UNSP SEDOL BLCB9T9 ISIN US89157T1007 11,920 11,157
34 shares of TPG INC 2,065 2,171
178 shares of UNILEVER PLC-SPONSORED ADR SEDOL BP9M904 ISIN US9047678035 11,475 11,641
1029 shares of UNIVERSAL MUSIC GRO-UNSP ADR SEDOL BLN7K37 ISIN US91377B1098 13,408 13,418
55 shares of URBAN OUTFITTERS INC 3,825 4,139
209 shares of VAT GROUP AG-ADR SEDOL BDF5S40 ISIN US92243F1003 9,008 10,153
33 shares of VEEVA SYSTEMS INC-CLASS A 9,398 7,367
114 shares of VIAVI SOLUTIONS INC -W/I 2,013 2,031
208 shares of VISTANCE NETWORKS, INC 3,329 3,771
10 shares of WEST PHARMACEUTICAL SVCS INC 2,604 2,751
98 shares of WOLTERS KLUWER N V SPON ADR 11,991 10,149
17 shares of WOODWARD INC 2,930 5,140
29 shares of WORKIVA INC 2,589 2,501
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13 shares of ZSCALER INC 3,717 2,924

TY 2025 LegalFeesSchedule
Name:
DELUXE CORPORATION FOUNDATION
EIN:
41-6034786
Software ID:
25022281
Software Version:
25.0.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FAEGRE DRINKER 75     75


TY 2025 OtherExpensesSchedule
Name:
DELUXE CORPORATION FOUNDATION
EIN:
41-6034786
Software ID:
25022281
Software Version:
25.0.0.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD 1,575 1,575    
PROCESSING FEES WITHHELD 583 583    
VOLUNTEER T-SHIRTS 2,980     2,980


TY 2025 OtherIncomeSchedule2
Name:
DELUXE CORPORATION FOUNDATION
EIN:
41-6034786
Software ID:
25022281
Software Version:
25.0.0.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
TRADE ERROR COMPENSATION 41 41  


TY 2025 OtherProfessionalFeesSchedule
Name:
DELUXE CORPORATION FOUNDATION
EIN:
41-6034786
Software ID:
25022281
Software Version:
25.0.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 58,171 58,171    
CONSULTING FEES 1,785     1,785


TY 2025 TaxesSchedule
Name:
DELUXE CORPORATION FOUNDATION
EIN:
41-6034786
Software ID:
25022281
Software Version:
25.0.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
2025 FEDERAL EXCISE TAX PAYMENTS 8,803