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
SWANK-DIVINE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 505 MAC H0006-092
  Room/suite
City or town
SAINT LOUIS
State or province
MO
Country  
ZIP or foreign postal code
63166
A Employer identification number

32-6615631
B Telephone number (see instructions)

8887304933
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)$14,452,023J 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      
4 Dividends and interest from securities... 417,113 416,949  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 811,808
b Gross sales price for all assets on line 6a 4,890,905
7 Capital gain net income (from Part IV, line 2)... 811,808
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,228,921 1,228,757  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 127,568 95,676   31,892
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,537 0 0 1,537
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
7,855 1,100   6,755
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
9,238 3,270   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 146,198 100,046 0 40,184
25 Contributions, gifts, grants paid....... 598,305 598,305
26 Total expenses and disbursements. Add lines 24 and 25 ................ 744,503 100,046 0 638,489
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 484,418
b Net investment income (if negative, enter -0-) 1,128,711
c Adjusted net income (if negative, enter -0-)... 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............. 17,034    
2 Savings and temporary cash investments......... 687,474 475,840 475,840
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
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 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......   Click to see attachment
List of Attached Documents:
// Content
2,201,325 		2,257,297
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).......... 11,212,780 Click to see attachment
List of Attached Documents:
// Content
9,725,413 		11,718,886
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) 11,917,288 12,402,578 14,452,023
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...........    
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........ 11,917,288 12,402,578
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)..... 11,917,288 12,402,578
30 Total liabilities and net assets/fund balances (see instructions). 11,917,288 12,402,578
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
11,917,288
2
Enter amount from Part I, line 27a .....................
2
484,418
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
1,189
4
Add lines 1, 2, and 3 ..........................
4
12,402,895
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
317
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
12,402,578
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 23707.14 BAIRD AGGREGATE BOND FUND-INST 72   2023-01-03 2025-01-14
b 4931. ISHARES INTERMEDIATE GOVERNMENT   2023-01-03 2025-01-14
c 15089.183 TCW METWEST TOTAL RETUR BF-P 5776   2024-05-29 2025-01-14
d 61668.682 TCW METWEST TOTAL RETUR BF-P 5776   2023-09-06 2025-01-14
e 1703.164 PRINCIPAL MIDCAP FUND-R6 #4268   2021-12-21 2025-01-14
278. VANGUARD MIDCAP VIPER   2021-10-27 2025-01-14
1839.926 VANGUARD DVD APPREC INDX-ADM #5702   2023-01-04 2025-02-27
725.821 VANGUARD DVD APPREC INDX-ADM #5702   2023-01-04 2025-02-28
5143.837 VANGUARD DVD APPREC INDX-ADM #5702   2023-01-04 2025-03-11
4836.278 VANGUARD DVD APPREC INDX-ADM #5702     2025-03-12
23. CHEVRON CORP   2025-03-11 2025-03-26
14. EOG RESOURCES, INC   2025-03-11 2025-03-26
23. GENUINE PARTS CO   2025-03-11 2025-04-08
6. MICROSOFT CORP   2025-03-11 2025-04-08
37. PPG INDUSTRIES INC   2025-03-11 2025-04-08
12. ABBVIE INC   2025-03-11 2025-04-23
24. COCA COLA CO   2025-03-11 2025-04-23
19. MERCK & CO INC NEW   2025-03-11 2025-04-23
14. VALERO ENERGY CORP   2025-03-11 2025-04-23
25. GENERAL MILLS INC   2025-03-11 2025-05-21
7. TEXAS INSTRUMENTS INC   2025-03-11 2025-05-21
11. UNITEDHEALTH GROUP INC   2025-03-11 2025-05-21
15. ABBVIE INC   2025-03-11 2025-06-26
14. BECTON DICKINSON & CO   2025-03-11 2025-06-26
8. MARSH & MCLENNAN COS INC   2025-03-11 2025-06-26
19. WAL MART STORES INC   2025-03-11 2025-06-26
4. AUTOMATIC DATA PROCESSING INC   2025-03-11 2025-06-30
15. BROADCOM INC   2025-03-11 2025-06-30
3. HOME DEPOT INC   2025-03-11 2025-06-30
3. TRANE TECHNOLOGIES PLC   2025-03-11 2025-06-30
59. COMCAST CORP CLASS A   2025-03-11 2025-07-29
40. CISCO SYSTEMS INC   2025-03-11 2025-08-13
12. JPMORGAN CHASE & CO   2025-03-11 2025-08-13
10. LAM RESH CORP   2025-03-11 2025-08-13
15. ACCENTURE PLC   2025-03-11 2025-08-13
18. EXXON MOBIL CORPORATION     2025-08-26
57. GENERAL MILLS INC   2025-03-11 2025-08-26
3. HOME DEPOT INC   2025-03-11 2025-08-26
17. WAL MART STORES INC   2025-03-11 2025-08-26
14. EOG RESOURCES, INC   2025-03-11 2025-09-23
19. HONEYWELL INTERNATIONAL INC   2025-03-11 2025-09-23
18005.822 PRINCIPAL MIDCAP FUND-R6 #4268     2025-10-02
28. EOG RESOURCES, INC   2025-03-11 2025-10-07
1579. ISHARES RUSSELL 1000 GROWTH ETF     2025-10-08
2970. VANGUARD MIDCAP VIPER     2025-10-13
8. INTERCONTINENTAL EXCHANGE INC   2025-10-08 2025-10-16
1. MERCADOLIBRE INC   2025-10-08 2025-10-17
3. AMAZON COM INC COM   2025-10-08 2025-10-20
1. META PLATFORMS INC   2025-10-08 2025-10-20
8. 3M CO   2025-10-08 2025-10-20
4. MICROSOFT CORP   2025-10-08 2025-10-21
1. NETFLIX.COM INC   2025-10-08 2025-10-23
1. NETFLIX.COM INC   2025-10-08 2025-10-24
8. ABBOTT LABS   2025-10-08 2025-10-27
4. AMAZON COM INC COM   2025-10-08 2025-10-27
2. MICROSOFT CORP   2025-10-08 2025-10-27
31. BERKLEY W R CORP   2025-10-13 2025-10-29
45. BROOKFIELD CORP   2025-10-13 2025-10-29
4. AMAZON COM INC COM   2025-10-08 2025-10-30
4. ALPHABET INC CL C   2025-10-08 2025-10-31
8. BLACKSTONE INC   2025-10-08 2025-10-31
1. META PLATFORMS INC   2025-10-08 2025-10-31
3. SHOPIFY INC - A W/I   2025-10-08 2025-10-31
1. META PLATFORMS INC   2025-10-08 2025-11-03
1. NETFLIX.COM INC   2025-10-08 2025-11-03
53. BRISTOL MYERS SQUIBB CO   2025-03-11 2025-11-04
3. ARISTA NETWORKS INC   2025-10-08 2025-11-06
6. ARISTA NETWORKS INC   2025-10-08 2025-11-10
4. META PLATFORMS INC   2025-10-08 2025-11-10
5. SEA LTD-ADR   2025-10-08 2025-11-10
3.9924 WAL MART STORES INC   2025-10-08 2025-11-10
6.0076 WAL MART STORES INC   2025-10-08 2025-11-10
1. SPOTIFY TECHNOLOGY SA   2025-10-08 2025-11-10
1. META PLATFORMS INC   2025-10-08 2025-11-11
3. ORACLE CORPORATION   2025-10-17 2025-11-11
1. ORACLE CORPORATION   2025-09-29 2025-11-12
2. ORACLE CORPORATION   2025-09-25 2025-11-12
11. WAL MART STORES INC   2025-10-08 2025-11-12
4. DOORDASH INC   2025-10-08 2025-11-13
9. META PLATFORMS INC   2025-10-08 2025-11-13
1.99986 ORACLE CORPORATION     2025-11-13
3.00014 ORACLE CORPORATION     2025-11-13
5. BLACKSTONE INC   2025-10-08 2025-11-14
7. KKR & CO INC -A   2025-10-08 2025-11-14
4. ORACLE CORPORATION     2025-11-14
6. PHILIP MORRIS INTERNATIONAL IN   2025-10-08 2025-11-14
7. WAL MART STORES INC   2025-10-08 2025-11-14
21. BLACKSTONE INC   2025-03-11 2025-11-18
8. BROADCOM INC   2025-03-11 2025-11-18
4. CUMMINS INC.   2025-03-11 2025-11-18
4. MICROSOFT CORP   2025-03-11 2025-11-18
5. NORTHROP GRUMMAN CORP   2025-03-11 2025-11-18
.75 SOLSTICE ADVANCED MATERIALS IN   2025-03-11 2025-11-18
8. SOLSTICE ADVANCED MATERIALS IN   2025-03-11 2025-11-18
4. EATON CORP PLC   2025-03-26 2025-11-18
2. AIR PRODS & CHEMS INC COM   2025-10-13 2025-11-19
13. BERKLEY W R CORP   2025-10-13 2025-11-19
28. BROOKFIELD CORP   2025-10-13 2025-11-19
2. HEICO CORP CL A   2025-10-13 2025-11-19
1. TRANSDIGM GROUP INC   2025-10-13 2025-11-19
6. ARCH CAPITAL GROUP LTD   2025-10-13 2025-11-19
1. META PLATFORMS INC   2025-10-08 2025-11-20
10. ARISTA NETWORKS INC   2025-10-08 2025-11-21
4. BLACKSTONE INC   2025-10-08 2025-11-21
3. DOORDASH INC   2025-10-08 2025-11-21
5. PHILIP MORRIS INTERNATIONAL IN   2025-10-08 2025-11-21
16. UBER TECHNOLOGIES INC   2025-10-08 2025-11-21
5. DOORDASH INC   2025-10-08 2025-11-24
4. AMAZON COM INC COM   2025-10-08 2025-11-26
4. META PLATFORMS INC   2025-10-08 2025-11-26
2. MICROSOFT CORP   2025-10-08 2025-11-26
4. ORACLE CORPORATION   2025-10-08 2025-12-01
2. META PLATFORMS INC   2025-10-08 2025-12-02
4. DOORDASH INC   2025-10-08 2025-12-03
3. APPLE INC   2025-10-08 2025-12-04
4. DOORDASH INC   2025-10-08 2025-12-04
5. PHILIP MORRIS INTERNATIONAL IN   2025-10-08 2025-12-04
2. EATON CORP PLC   2025-10-08 2025-12-04
2. META PLATFORMS INC   2025-10-08 2025-12-05
12. NETFLIX.COM INC   2025-10-08 2025-12-08
5. PHILIP MORRIS INTERNATIONAL IN   2025-10-08 2025-12-10
3. DOORDASH INC   2025-10-08 2025-12-11
7. NVIDIA CORP   2025-11-11 2025-12-11
8. PALO ALTO NETWORKS INC   2025-10-08 2025-12-11
17. UBER TECHNOLOGIES INC   2025-10-08 2025-12-11
4. ORACLE CORPORATION   2025-10-08 2025-12-12
5. MICROSOFT CORP   2025-03-11 2025-12-16
10. NETFLIX.COM INC   2025-10-08 2025-12-16
4. ORACLE CORPORATION   2025-10-08 2025-12-16
41. PUBLIC SVC ENTERPRISE GROUP INC   2025-03-11 2025-12-16
6. ACCENTURE PLC   2025-03-11 2025-12-16
3. CARVANA CO   2025-10-08 2025-12-17
5. CHENIERE ENERGY INC   2025-10-08 2025-12-17
6. DOORDASH INC   2025-10-08 2025-12-17
5. ORACLE CORPORATION   2025-10-08 2025-12-17
2. SERVICENOW INC   2025-10-08 2025-12-17
50. BROOKFIELD CORP   2025-10-13 2025-12-18
7. HILTON WORLDWIDE HOLDINGS IN   2025-10-13 2025-12-18
2. IDEXX CORP   2025-10-13 2025-12-18
12. NETFLIX.COM INC   2025-10-08 2025-12-18
8. SEA LTD-ADR     2025-12-18
4. ORACLE CORPORATION   2025-10-08 2025-12-19
11. ROBLOX CORP   2025-10-08 2025-12-22
9. UBER TECHNOLOGIES INC   2025-10-08 2025-12-22
1. MICROSOFT CORP   2025-10-08 2025-12-23
3. MICROSOFT CORP   2025-10-08 2025-12-24
7.99958 ABBOTT LABS   2025-06-26 2025-12-29
10.00042 ABBOTT LABS     2025-12-29
10. LAM RESH CORP   2025-03-11 2025-12-29
10. MARSH & MCLENNAN COS INC   2025-03-11 2025-12-29
10. EATON CORP PLC     2025-12-29
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(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 226,403   228,269 -1,866
b 510,246   506,666 3,580
c 123,731   124,335 -604
d 505,683   510,000 -4,317
e 75,467   69,063 6,404
74,090   70,058 4,032
100,000   76,265 23,735
40,000   30,085 9,915
270,000   213,212 56,788
252,260   200,464 51,796
3,874   3,544 330
1,824   1,745 79
2,481   2,861 -380
2,157   2,297 -140
3,431   4,213 -782
2,115   2,573 -458
1,760   1,711 49
1,516   1,804 -288
1,622   1,729 -107
1,335   1,565 -230
1,300   1,256 44
3,342   5,325 -1,983
2,798   3,217 -419
2,372   3,162 -790
1,725   1,871 -146
1,825   1,663 162
1,223   1,180 43
4,106   2,886 1,220
1,099   1,114 -15
1,310   1,011 299
1,953   2,134 -181
2,815   2,443 372
3,481   2,758 723
1,063   739 324
3,684   4,937 -1,253
1,991   2,069 -78
2,800   3,568 -768
1,218   1,114 104
1,624   1,488 136
1,629   1,745 -116
3,975   3,974 1
845,013   669,723 175,290
3,072   3,491 -419
748,956   458,951 290,005
857,608   715,288 142,320
1,240   1,267 -27
2,045   2,180 -135
649   680 -31
732   718 14
1,239   1,244 -5
2,064   2,098 -34
1,105   1,211 -106
1,097   1,211 -114
1,018   1,073 -55
910   907 3
1,062   1,049 13
2,209   2,404 -195
2,121   2,023 98
904   907 -3
1,119   983 136
1,168   1,305 -137
655   718 -63
520   497 23
651   718 -67
1,084   1,211 -127
2,420   3,269 -849
404   473 -69
828   945 -117
2,528   2,872 -344
773   964 -191
409   411 -2
615   618 -3
620   678 -58
626   718 -92
706   878 -172
231   343 -112
461   667 -206
1,134   1,132 2
791   1,123 -332
5,492   6,461 -969
437   679 -242
655   975 -320
707   818 -111
838   877 -39
900   1,467 -567
925   928 -3
713   720 -7
2,874   2,881 -7
2,717   1,539 1,178
1,835   1,323 512
1,974   1,532 442
2,841   2,471 370
31   36 -5
334   389 -55
1,353   1,167 186
506   522 -16
994   1,008 -14
1,214   1,259 -45
481   493 -12
1,347   1,293 54
546   555 -9
594   718 -124
1,175   1,575 -400
569   655 -86
567   842 -275
778   773 5
1,336   1,592 -256
938   1,404 -466
923   907 16
2,546   2,872 -326
973   1,049 -76
805   1,160 -355
1,285   1,436 -151
881   1,123 -242
841   774 67
890   1,123 -233
734   773 -39
678   753 -75
1,337   1,436 -99
1,151   1,453 -302
743   773 -30
663   842 -179
1,243   1,357 -114
1,525   1,733 -208
1,434   1,691 -257
752   1,160 -408
2,370   1,914 456
942   1,211 -269
748   1,160 -412
3,276   3,242 34
1,635   1,975 -340
1,360   1,091 269
947   1,175 -228
1,339   1,685 -346
902   1,449 -547
1,585   1,820 -235
2,240   2,248 -8
2,010   1,859 151
1,395   1,268 127
1,126   1,453 -327
968   1,572 -604
772   1,160 -388
901   1,380 -479
732   895 -163
487   524 -37
1,467   1,573 -106
1,003   1,066 -63
1,253   1,331 -78
1,759   739 1,020
1,883   2,339 -456
3,238   2,876 362
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
      68,560
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,866
b       3,580
c       -604
d       -4,317
e       6,404
      4,032
      23,735
      9,915
      56,788
      51,796
      330
      79
      -380
      -140
      -782
      -458
      49
      -288
      -107
      -230
      44
      -1,983
      -419
      -790
      -146
      162
      43
      1,220
      -15
      299
      -181
      372
      723
      324
      -1,253
      -78
      -768
      104
      136
      -116
      1
      175,290
      -419
      290,005
      142,320
      -27
      -135
      -31
      14
      -5
      -34
      -106
      -114
      -55
      3
      13
      -195
      98
      -3
      136
      -137
      -63
      23
      -67
      -127
      -849
      -69
      -117
      -344
      -191
      -2
      -3
      -58
      -92
      -172
      -112
      -206
      2
      -332
      -969
      -242
      -320
      -111
      -39
      -567
      -3
      -7
      -7
      1,178
      512
      442
      370
      -5
      -55
      186
      -16
      -14
      -45
      -12
      54
      -9
      -124
      -400
      -86
      -275
      5
      -256
      -466
      16
      -326
      -76
      -355
      -151
      -242
      67
      -233
      -39
      -75
      -99
      -302
      -30
      -179
      -114
      -208
      -257
      -408
      456
      -269
      -412
      34
      -340
      269
      -228
      -346
      -547
      -235
      -8
      151
      127
      -327
      -604
      -388
      -479
      -163
      -37
      -106
      -63
      -78
      1,020
      -456
      362
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 811,808
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 15,689
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 15,689
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 15,689
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 4,272
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,272
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 11,417
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 tax0 Refunded 11 0
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)
NC
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 address  
14
The books are in care ofWELLS FARGO BANK NA Telephone no. (800) 352-3705

Located at100 N MAIN ST FL 5D4001-052WINSTON SALEMNC ZIP+427101
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)
 
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 ........
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
WELLS FARGO BANK N A TRUSTEE
1 		127,568    
100 N MAIN ST FL 5D4001-052
WINSTONSALEM,NC27101
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (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 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.........................  
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
13,272,046
b
Average of monthly cash balances.......................
1b
780,264
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
14,052,310
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
14,052,310
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
210,785
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,841,525
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
692,076
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
692,076
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
15,689
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,689
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
676,387
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
676,387
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
676,387
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) ..........
1a
638,489
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
638,489
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 7 676,387
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 598,305
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 0
e From 2024...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 638,489
a Applied to 2024, but not more than line 2a 598,305
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 2025 distributable amount..... 40,184
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		636,203
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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
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).)
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 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 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 (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

E CAROLINA UNIV MED HEALTH SCIENCES FDN

2200 S CHARLES BLVD STE 1500
GREENVILLE,NC27858 		NONE   GENERAL OPERATING 199,435

VIRGINIA COMMONWEALTH UNIVERSITY

1015 FLOYD AVENUE
RICHMOND,VA232843026 		NONE   GENERAL OPERATING 199,435

PENICK VILLAGE INC

500 E RHODE ISLAND AVENUE
SOUTHERN PINES,NC283874010 		NONE   GENERAL OPERATING 199,435
Total ................................. 3a 598,305
bApproved for future payment
Total ................................. 3b  
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 ........... 		         
4 Dividends and interest from securities ....     14 417,113  
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 ............ 		    18 811,808  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,228,921  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,228,921
(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 (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:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
SWANK-DIVINE TRUST
EIN:
32-6615631
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,537     1,537

TY 2025 InvestmentsCorpStockSchedule
Name:
SWANK-DIVINE TRUST
EIN:
32-6615631
Name of Stock End of Year Book Value End of Year Fair Market Value
00206R102 AT & T INC 12,655 12,023
002824100 ABBOTT LABS 14,136 13,281
00287Y109 ABBVIE INC 18,050 18,736
007903107 ADVANCED MICRO DEVIC 7,321 6,211
009158106 AIR PRODS & CHEMS IN 6,268 5,928
01609W102 ALIBABA GROUP HOLDIN 8,086 6,596
02043Q107 ALNYLAM PHARMACEUTIC 3,669 3,181
02079K107 ALPHABET INC CL C 34,228 42,049
02079K305 ALPHABET INC CL A 9,409 16,276
02209S103 ALTRIA GROUP INC 8,564 8,361
023135106 AMAZON COM INC COM 20,854 21,235
023608102 AMEREN CORPORATION 4,230 4,294
025537101 AMERICAN ELECTRIC PO 5,239 5,766
025816109 AMERICAN EXPRESS CO 5,474 5,919
031100100 AMETEK INC COM 6,581 7,391
032095101 AMPHENOL CORP CL A 5,404 5,676
032654105 ANALOG DEVICES INC 12,675 16,001
037833100 APPLE INC 51,340 54,100
03783C100 APPFOLIO INC 5,957 6,049
03831W108 APPLOVIN CORP 6,908 7,412
03990B101 ARES MANAGEMENT CORP 11,132 12,446
040413205 ARISTA NETWORKS INC 945 786
046353108 ASTRAZENECA PLC ADR 5,788 6,159
053015103 AUTOMATIC DATA PROCE 8,848 7,717
053332102 AUTOZONE INC 4,043 3,392
053611109 AVERY DENNISON CORP 3,909 4,001
060505104 BANK OF AMERICA CORP 12,377 17,105
064058100 BANK NEW YORK MELLON 10,473 14,627
084423102 BERKLEY W R CORP 3,722 3,366
084670702 BERKSHIRE HATHAWAY I 2,505 2,513
09290D101 BLACKROCK INC 8,237 9,633
09857L108 BOOKING HOLDINGS INC 5,145 5,355
110122108 BRISTOL MYERS SQUIBB 5,983 5,232
11135F101 BROADCOM INC 43,993 50,877
11271J107 BROOKFIELD CORP 39,699 40,521
11276H106 BROOKFIELD INFRASTRU 25,567 25,469
11285B108 BROOKFIELD RENEWABLE 9,116 8,895
113004105 BROOKFIELD ASSET MAN 8,040 7,439
115236101 BROWN & BROWN INC 29,174 24,468
12504L109 CBRE GROUP INC 28,713 30,068
12510Q100 CCC INTELLIGENT SOLU 7,743 6,583
12572Q105 CME GROUP INC 9,638 10,104
125896100 CMS ENERGY CORP 2,680 2,587
126408103 CSX CORP 4,522 5,510
146869102 CARVANA CO 5,090 5,908
15101Q207 CELESTICA INC 2,511 2,956
16411R208 CHENIERE ENERGY INC 940 778
166764100 CHEVRON CORP 13,152 12,955
171779309 CIENA CORP USD 0.01 3,207 3,742
17275R102 CISCO SYSTEMS INC 12,031 15,175
18915M107 CLOUDFLARE INC 7,121 6,309
191216100 COCA COLA CO 13,200 13,283
20030N101 COMCAST CORP CLASS A 11,283 9,625
20825C104 CONOCOPHILLIPS 8,163 7,863
217204106 COPART INC COM 30,577 27,131
22160N109 COSTAR GROUP, INC 21,977 19,500
22788C105 CROWDSTRIKE HOLDINGS 4,559 4,219
231021106 CUMMINS INC. 2,315 3,573
23331A109 D R HORTON INC COM 3,330 3,025
233331107 DTE ENERGY CO COM 2,251 2,193
235851102 DANAHER CORP 3,524 3,892
244199105 DEERE & CO 2,321 2,328
254687106 WALT DISNEY CO 10,281 11,718
25754A201 DOMINOS PIZZA INC 13,133 13,338
25809K105 DOORDASH INC 3,931 3,171
26969P108 EAGLE MATLS INC 2,777 2,480
278642103 EBAY INC 3,813 5,052
291011104 EMERSON ELECTRIC CO 3,688 3,716
29362U104 ENTEGRIS INC 10,839 9,942
29364G103 ENTERGY CORP NEW COM 7,814 8,688
30231G102 EXXON MOBIL CORPORAT 15,904 17,570
30303M102 META PLATFORMS INC 20,102 18,483
303250104 FAIR ISSAC, INC 20,099 20,287
311900104 FASTENAL CO 11,312 10,554
339750101 FLOOR & DECOR HOLDIN 8,584 7,550
363576109 GALLAGHER ARTHUR J & 12,871 11,128
36828A101 GE VERNOVA INC 10,387 11,111
369550108 GENERAL DYNAMICS COR 8,000 10,100
369604301 GENERAL ELECTRIC CO 9,344 9,549
375558103 GILEAD SCIENCES INC 11,814 12,765
38141G104 GOLDMAN SACHS GROUP 12,589 14,064
384109104 GRACO INC 3,262 3,279
422806208 HEICO CORP CL A 43,344 44,428
433000106 HIMS & HERS HEALTH I 3,860 2,208
43300A203 HILTON WORLDWIDE HOL 38,501 41,651
437076102 HOME DEPOT INC 12,624 11,699
438516106 HONEYWELL INTERNATIO 6,894 6,828
448579102 HYATT HOTELS CORP 9,845 10,741
45168D104 IDEXX CORP 12,044 12,854
452308109 ILLINOIS TOOL WORKS 6,666 6,404
457669307 INSMED INC 10,209 10,965
45866F104 INTERCONTINENTAL EXC 475 486
459200101 INTERNATIONAL BUSINE 22,885 25,474
461202103 INTUIT COM 5,273 5,299
46120E602 INTUITIVE SURGICAL I 2,142 2,265
46625H100 JPMORGAN CHASE & CO 24,590 34,478
478160104 JOHNSON & JOHNSON 28,684 34,147
482480100 KLA CORP 6,035 10,936
48251W104 KKR & CO INC -A 31,306 32,890
50212V100 LPL FINANCIAL HOLDIN 12,430 13,930
502431109 L3HARRIS TECHNOLOGIE 3,775 3,816
512807306 LAM RESH CORP 4,712 10,442
526057104 LENNAR CORPORATION C 14,693 12,747
530909308 LIBERTY LIVE HOLDING 3,986 3,742
531229755 LIBERTY MEDIA CORP-L 12,084 11,329
531229771 LIBERTY MEDIA CORP-L 6,356 5,988
532457108 ELI LILLY & CO COM 14,472 15,046
538034109 LIVE NATION ENT INC 32,524 30,353
55024U109 LUMENTUM HOLDINGS IN 1,471 1,474
55354G100 MSCI INC 16,529 17,212
570535104 MARKEL GROUP INC 23,220 25,796
571748102 MARSH & MCLENNAN COS 8,654 6,864
573284106 MARTIN MARIETTA MATL 26,956 26,152
57636Q104 MASTERCARD INC 20,870 20,552
580135101 MCDONALDS CORP 15,259 15,282
58155Q103 MCKESSON CORP 3,902 4,101
58733R102 MERCADOLIBRE INC 4,360 4,029
58933Y105 MERCK & CO INC NEW 7,467 8,737
594918104 MICROSOFT CORP 90,974 88,986
609207105 MONDELEZ INTERNATION 8,299 6,567
615369105 MOODYS CORP 5,737 6,130
617446448 MORGAN STANLEY 9,122 14,380
632307104 NATERA INC 6,396 8,018
64110L106 NETFLIX INC 6,781 5,251
65339F101 NEXTERA ENERGY INC 4,030 4,255
666807102 NORTHROP GRUMMAN COR 5,930 6,843
67066G104 NVIDIA CORP 96,051 94,929
67103H107 O'REILLY AUTOMOTIVE 39,494 35,116
68389X105 ORACLE CORPORATION 11,885 7,991
693475105 PNC FINANCIAL SERVIC 7,706 9,393
695156109 PACKAGING CORP OF AM 3,766 3,918
69608A108 PALANTIR TECHNOLOGIE 11,788 11,376
697435105 PALO ALTO NETWORKS I 2,166 1,842
701094104 PARKER HANNIFIN CORP 11,101 15,821
713448108 PEPSICO INC 4,586 4,306
71385M107 PERIMETER SOLUTIONS 5,591 6,993
718172109 PHILIP MORRIS INTERN 10,178 10,426
742718109 PROCTER & GAMBLE CO 18,609 15,621
74275K108 PROCORE TECHNOLOGIES 5,252 5,310
747525103 QUALCOMM INC 3,091 3,421
74762E102 QUANTA SVCS INC COM 3,523 3,376
75513E101 RTX CORP 4,481 4,768
770700102 ROBINHOOD MARKETS IN 9,587 7,804
771049103 ROBLOX CORP 6,020 3,889
773121108 ROCKET LAB CORP 1,405 1,395
776696106 ROPER TECHNOLOGIES I 19,525 16,915
778296103 ROSS STORES INC 4,962 5,764
78351F107 RYAN SPECIALTY HOLDI 4,706 4,440
79466L302 SALESFORCE INC 5,074 5,298
808513105 SCHWAB CHARLES CORP 4,329 4,596
81141R100 SEA LTD-ADR 6,168 4,082
81762P102 SERVICENOW INC 3,640 3,064
82509L107 SHOPIFY INC - A W/I 9,599 9,336
833445109 SNOWFLAKE INC 1,982 1,755
83406F102 SOFI TECHNOLOGIES IN 6,209 5,733
842587107 SOUTHERN CO 8,315 8,022
872540109 TJX COMPANIES INC 6,647 8,756
874039100 TAIWAN SEMICONDUCTOR 6,851 6,989
88160R101 TESLA INC 27,602 28,332
882508104 TEXAS INSTRUMENTS IN 3,590 3,470
88579Y101 3M CO 8,086 8,325
888787108 TOAST INC 3,942 3,906
893641100 TRANSDIGM GROUP INC 43,952 45,215
90138F102 TWILIO INC 1,126 1,422
902252105 TYLER TECHNOLOGIES I 15,317 13,619
90353T100 UBER TECHNOLOGIES IN 2,288 1,879
907818108 UNION PACIFIC CORP 8,844 8,559
91324P102 UNITEDHEALTH GROUP I 11,658 8,913
91913Y100 VALERO ENERGY CORP 4,569 6,023
922475108 VEEVA SYSTEMS INC 22,302 17,635
92338C103 VERALTO CORP 1,639 1,596
92345Y106 VERISK ANALYTICS INC 4,600 4,250
92826C839 VISA INC-CLASS A SHR 12,259 12,626
92840M102 VISTRA CORP 2,442 1,936
929160109 VULCAN MATERIALS COM 41,410 38,790
92939U106 WEC ENERGY GROUP INC 3,815 3,797
931142103 WALMART INC 25,569 30,415
94106B101 WASTE CONNECTIONS IN 7,402 7,540
94106L109 WASTE MANAGEMENT INC 8,109 7,910
941848103 WATERS CORP 6,400 7,217
958102105 WESTERN DIGITAL CORP 3,796 3,790
G0450A105 ARCH CAPITAL GROUP L 8,048 8,345
G1151C101 ACCENTURE PLC 6,295 5,366
G54950103 NEW LINDE PLC 8,227 7,675
G5960L103 MEDTRONIC PLC 8,065 8,261
G87052109 TE CONNECTIVITY PLC 5,447 8,190
G8994E103 TRANE TECHNOLOGIES P 8,198 8,952
H1467J104 CHUBB LTD 14,862 15,918
L8681T102 SPOTIFY TECHNOLOGY S 678 581
M98068105 WIX.COM LTD 2,999 2,286

TY 2025 InvestmentsOtherSchedule2
Name:
SWANK-DIVINE TRUST
EIN:
32-6615631
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
14064D873 FULRTHALER BHVR SM C AT COST 412,535 571,013
922908629 VANGUARD MIDCAP VIPE      
464287804 ISHARES CORE S&P SMA AT COST 376,940 430,004
256219106 DODGE & COX STOCK FU AT COST 729,315 812,606
464287200 ISHARES CORE S & P 5 AT COST 1,523,140 2,352,084
46434G103 ISHARES CORE MSCI EM AT COST 367,154 478,203
74256W584 PRINCIPAL MIDCAP FUN      
464287614 ISHARES RUSSELL 1000 AT COST 217,994 354,975
872365713 TCW EMRG MRKTS INC-P AT COST 500,486 567,538
74256W485 PRINCIPAL PREFERRED AT COST 391,091 404,754
057071854 BAIRD AGGREGATE BOND AT COST 791,708 820,983
315911727 FIDELITY INTL INDX-I AT COST 1,104,743 1,480,596
464288612 ISHARES INTERMEDIATE      
592905764 MTRPLTN WST TTL RTRN      
921908828 VANGUARD DVD APPREC      
09260B739 BLACKROCK II-FLOAT R AT COST 395,952 388,666
722005667 PIMCO COMMODITY REAL AT COST 748,458 838,767
053484101 AVALONBAY CMNTYS INC AT COST 3,207 2,720
256210105 DODGE & COX INCOME F AT COST 788,772 828,759
316146265 FIDELITY MID CAP IND AT COST 840,000 830,554
464287226 ISHARES CORE U.S. AG AT COST 526,052 548,341
74340W103 PROLOGIS INC AT COST 3,291 3,574
74460D109 PUBLIC STORAGE INC C AT COST 2,777 2,336
95040Q104 WELLTOWER INC AT COST 1,798 2,413

TY 2025 OtherDecreasesSchedule
Name:
SWANK-DIVINE TRUST
EIN:
32-6615631
Description Amount
TAX LOT BASIS ADJUSTMENT 30
ROUNDING 157
ROC ON CY SALES 40
PY RETURN OF CAPITAL ADJUSTMENT 90


TY 2025 OtherIncreasesSchedule
Name:
SWANK-DIVINE TRUST
EIN:
32-6615631
Description Amount
MUTUAL FUND TIMING ADJ 1,189


TY 2025 OtherProfessionalFeesSchedule
Name:
SWANK-DIVINE TRUST
EIN:
32-6615631
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GRANT ADMIN FEE 6,755     6,755
INVESTMNT MNGMNT FEES (NON-DED 1,100 1,100    


TY 2025 TaxesSchedule
Name:
SWANK-DIVINE TRUST
EIN:
32-6615631
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 726 726   0
FEDERAL TAX PAYMENT - PRIOR YE 1,696 0   0
FEDERAL ESTIMATES - PRINCIPAL 4,272 0   0
FOREIGN TAXES ON NONQUALIFIED 2,544 2,544   0