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
THE THENDARA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 1100 N MARKET STREET 4TH FL
  Room/suite
City or town
WILMINGTON
State or province
DE
Country  
ZIP or foreign postal code
19890
A Employer identification number

31-1126072
B Telephone number (see instructions)

3026518300
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)$15,143,851J 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... 202,140 202,140  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 613,938
b Gross sales price for all assets on line 6a 5,495,672
7 Capital gain net income (from Part IV, line 2)... 613,938
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
2,612 0  
12 Total. Add lines 1 through 11........ 818,690 816,078  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
28,587 0   28,587
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
101,368 101,368   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
10,314 0   0
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
200 0   200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 140,469 101,368   28,787
25 Contributions, gifts, grants paid....... 649,931 649,931
26 Total expenses and disbursements. Add lines 24 and 25 ................ 790,400 101,368   678,718
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 28,290
b Net investment income (if negative, enter -0-) 714,710
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............. 16,118 65,711 65,711
2 Savings and temporary cash investments......... 951,450 96,803 96,803
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)      
b Investments—corporate stock (attach schedule)....... 8,940,778 Click to see attachment
List of Attached Documents:
// Content
9,774,122 		14,981,337
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) 9,908,346 9,936,636 15,143,851
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 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........... 9,908,346 9,936,636
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)..... 9,908,346 9,936,636
30 Total liabilities and net assets/fund balances (see instructions). 9,908,346 9,936,636
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
9,908,346
2
Enter amount from Part I, line 27a .....................
2
28,290
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,936,636
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
9,936,636
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 170 SHARES OF KEURIG DR. PEPPER INC.   2023-07-10 2025-01-06
b 1000 SHARES OF KEURIG DR. PEPPER INC.   2023-07-27 2025-01-06
c 2700 SHARES OF KEURIG DR. PEPPER INC.   2024-03-01 2025-01-06
d 1000 SHARES OF MERCK & CO INC   2010-04-23 2025-01-23
e 275 SHARES OF ADOBE, INC.   2024-03-15 2025-02-05
25 SHARES OF ADOBE, INC.   2024-10-10 2025-02-05
10 SHARES OF ADOBE, INC.   2024-12-12 2025-02-05
1000 SHARES OF ON SEMICONDUCTOR CORPORATION   2024-06-17 2025-02-11
900 SHARES OF ON SEMICONDUCTOR CORPORATION   2024-07-30 2025-02-11
100 SHARES OF ON SEMICONDUCTOR CORPORATION   2024-08-07 2025-02-11
100 SHARES OF ON SEMICONDUCTOR CORPORATION   2024-11-11 2025-02-11
125 SHARES OF ON SEMICONDUCTOR CORPORATION   2024-12-05 2025-02-11
100 SHARES OF ON SEMICONDUCTOR CORPORATION   2024-12-31 2025-02-11
1000 SHARES OF NVENT ELECTRIC PLC.   2025-01-22 2025-02-12
2850 SHARES OF CELSIUS HOLDINGS INC NEW   2024-11-08 2025-02-21
7000 SHARES OF CCC INTELLIGENT SOLUTIONS HLD   2025-01-17 2025-03-04
2700 SHARES OF COMCAST CORP CL A   2021-01-25 2025-03-17
2300 SHARES OF COMCAST CORP CL A   2021-04-21 2025-03-17
150 SHARES OF COMCAST CORP CL A   2021-09-15 2025-03-17
150 SHARES OF COMCAST CORP CL A   2021-11-02 2025-03-17
200 SHARES OF COMCAST CORP CL A   2021-11-30 2025-03-17
100 SHARES OF COMCAST CORP CL A   2021-12-07 2025-03-17
300 SHARES OF COMCAST CORP CL A   2021-12-09 2025-03-17
340 SHARES OF COMCAST CORP CL A   2022-05-05 2025-03-17
1200 SHARES OF COMCAST CORP CL A   2022-09-14 2025-03-17
700 SHARES OF PTC INC.   2025-02-04 2025-03-20
1150 SHARES OF CELSIUS HOLDINGS INC NEW   2024-11-08 2025-03-24
1500 SHARES OF CELSIUS HOLDINGS INC NEW   2024-12-30 2025-03-24
200 SHARES OF CELSIUS HOLDINGS INC NEW   2025-01-27 2025-03-24
900 SHARES OF ELECTRONIC ARTS, INC.   2025-01-23 2025-03-27
519 SHARES OF FEDEX CORP   2021-09-13 2025-03-27
40 SHARES OF FEDEX CORP   2022-06-14 2025-03-27
441 SHARES OF FEDEX CORP   2022-09-29 2025-03-27
725 SHARES OF BROADCOM LTD SHS   2025-03-12 2025-03-28
1000 SHARES OF KIMBERLY-CLARK CORP COM   2024-12-23 2025-04-03
1500 SHARES OF COLGATE PALMOLIVE CO   2020-03-12 2025-04-04
150 SHARES OF COLGATE PALMOLIVE CO   2021-01-21 2025-04-04
120 SHARES OF COLGATE PALMOLIVE CO   2021-03-17 2025-04-04
135 SHARES OF ASML HOLDING N V N Y REGISTRY   2024-09-17 2025-04-08
30 SHARES OF ASML HOLDING N V N Y REGISTRY   2024-10-17 2025-04-08
1000 SHARES OF WALT DISNEY CO   2020-03-02 2025-04-24
500 SHARES OF WALT DISNEY CO   2020-03-16 2025-04-24
230 SHARES OF WALT DISNEY CO   2021-10-01 2025-04-24
160 SHARES OF WALT DISNEY CO   2022-03-21 2025-04-24
360 SHARES OF WALT DISNEY CO   2022-06-08 2025-04-24
150 SHARES OF WALT DISNEY CO   2022-11-01 2025-04-24
1800 SHARES OF FORTIVE CORP   2024-05-08 2025-05-06
1500 SHARES OF NIKE INC   2025-01-17 2025-05-09
695 SHARES OF TAIWAN SEMICONDUCTR MFG ADR   2023-11-17 2025-05-19
700 SHARES OF DIAMONDBACK ENERGY INC COM   2024-02-05 2025-05-20
165 SHARES OF DIAMONDBACK ENERGY INC COM   2024-12-04 2025-05-20
100 SHARES OF APPLE INC.   2021-03-15 2025-06-16
1200 SHARES OF MERCK & CO INC   2010-04-23 2025-06-16
1000 SHARES OF MERCK & CO INC   2011-01-19 2025-06-16
800 SHARES OF MERCK & CO INC   2021-01-25 2025-06-16
1200 SHARES OF BOSTON SCIENTIFIC CORPORATION   2020-05-01 2025-06-17
1255 SHARES OF EXXON MOBIL CORP   2024-01-30 2025-06-17
200 SHARES OF NVIDIA CORP   2023-10-19 2025-07-15
25 SHARES OF THERMO FISHER SCIENTIFIC INC   2021-03-24 2025-07-18
10 SHARES OF FNMA POOL#580077   2001-11-27 2025-07-25
1000 SHARES OF ON SEMICONDUCTOR CORPORATION   2025-05-05 2025-07-29
740 SHARES OF ISHARES GOLD TR ISHARES NEW   2022-01-26 2025-08-01
1000 SHARES OF BOSTON SCIENTIFIC CORPORATION   2020-05-01 2025-08-05
950 SHARES OF FORTUNE BRANDS INNOVATIONS INC   2024-08-07 2025-08-27
1050 SHARES OF FORTUNE BRANDS INNOVATIONS INC   2024-12-23 2025-08-27
1700 SHARES OF ISHARES GOLD TR ISHARES NEW   2022-01-26 2025-10-20
300 SHARES OF NVIDIA CORP   2023-10-19 2025-10-20
2500 SHARES OF OCCIDENTAL PETROLEUM CORP   2024-08-30 2025-10-20
880 SHARES OF FISERV INC.   2025-06-03 2025-10-29
100 SHARES OF NVIDIA CORP   2023-10-19 2025-10-29
50 SHARES OF NVIDIA CORP   2023-10-19 2025-10-31
150 SHARES OF SOLSTICE ADVANCED MATERIALS INC   2023-06-12 2025-10-31
1 SHARES OF SOLSTICE ADVANCED MATERIALS INC   2023-06-15 2025-10-31
71 SHARES OF SOLSTICE ADVANCED MATERIALS INC   2023-07-12 2025-10-31
30 SHARES OF SOLSTICE ADVANCED MATERIALS INC   2024-02-13 2025-10-31
23 SHARES OF SOLSTICE ADVANCED MATERIALS INC   2024-05-09 2025-10-31
3000 SHARES OF NINTENDO CO. LTD - ADR   2023-09-15 2025-11-05
300 SHARES OF ISHARES GOLD TR ISHARES NEW   2022-01-26 2025-11-12
210 SHARES OF MARTIN MARIETTA MATERIALS, INC.   2020-03-27 2025-11-17
50 SHARES OF MARTIN MARIETTA MATERIALS, INC.   2020-08-26 2025-11-17
200 SHARES OF BOSTON SCIENTIFIC CORPORATION   2020-05-01 2025-11-20
100 SHARES OF JPMORGAN CHASE & CO   2023-04-03 2025-11-20
2700 SHARES OF NINTENDO CO. LTD - ADR   2023-09-15 2025-11-20
100 SHARES OF REGENERON PHARMACEUTICALS   2025-01-06 2025-11-20
400 SHARES OF REVVITY INC   2024-03-11 2025-11-20
160 SHARES OF ROSS STORES INC.   2025-04-07 2025-11-21
20000 SHARES OF ARES CAPITAL CORP.   2025-03-18 2025-12-08
200 SHARES OF ORACLE CORP   2025-10-14 2025-12-11
75 SHARES OF ORACLE CORP   2025-10-20 2025-12-11
35 SHARES OF ORACLE CORP   2025-11-07 2025-12-11
100 SHARES OF REVVITY INC   2024-03-11 2025-12-22
55 SHARES OF ROCKWELL AUTOMATION INC   2025-05-05 2025-12-22
150 SHARES OF NVIDIA CORP   2023-10-19 2025-12-22
2300 SHARES OF LONDON STOCK EXCHANGE GROUP   2025-08-15 2025-12-22
100 SHARES OF JPMORGAN CHASE & CO   2023-04-03 2025-12-22
500 SHARES OF ISHARES GOLD TR ISHARES NEW   2022-01-26 2025-12-22
100 SHARES OF ALPHABET INC CLASS C   2020-04-01 2025-12-22
40 SHARES OF BERKSHIRE HATHAWAY INC DEL CL B   2020-03-27 2025-12-22
70 SHARES OF AMERICAN EXPRESS COMPANY   2023-01-12 2025-12-22
74 SHARES OF APPLE INC.   2021-03-15 2025-12-22
240 SHARES OF PEPSICO INC   2020-07-20 2025-12-22
25 SHARES OF PEPSICO INC   2020-09-29 2025-12-22
100 SHARES OF NVIDIA CORP   2023-10-19 2025-12-24
50 SHARES OF ALPHABET INC CLASS C   2020-04-01 2025-12-24
100 SHARES OF ISHARES GOLD TR ISHARES NEW   2022-01-26 2025-12-26
980 SHARES OF BLOCK SQUARE INC. CL A   2025-10-24 2025-12-29
(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 5,303   5,355 -52
b 31,192   33,821 -2,629
c 84,219   78,198 6,021
d 95,540   32,495 63,045
e 121,714   134,978 -13,264
11,065   12,310 -1,245
4,426   4,777 -351
47,916   69,913 -21,997
43,124   67,330 -24,206
4,792   6,980 -2,188
4,792   7,046 -2,254
5,989   8,260 -2,271
4,792   6,383 -1,591
65,200   76,038 -10,838
96,783   83,747 13,036
68,923   78,944 -10,021
96,034   131,348 -35,314
81,806   123,910 -42,104
5,335   8,455 -3,120
5,335   7,850 -2,515
7,114   10,013 -2,899
3,557   4,930 -1,373
10,670   14,402 -3,732
12,093   13,813 -1,720
42,682   40,605 2,077
112,049   134,301 -22,252
39,448   33,793 5,655
51,454   39,277 12,177
6,861   5,110 1,751
131,183   105,827 25,356
126,280   134,700 -8,420
9,733   8,834 899
107,302   65,237 42,065
124,568   140,326 -15,758
146,231   130,662 15,569
144,008   97,345 46,663
14,401   11,854 2,547
11,521   9,123 2,398
85,436   108,909 -23,473
18,986   20,678 -1,692
89,942   118,367 -28,425
44,971   47,595 -2,624
20,687   39,831 -19,144
14,391   22,194 -7,803
32,379   38,588 -6,209
13,491   15,978 -2,487
120,894   138,054 -17,160
87,860   106,855 -18,995
132,745   68,546 64,199
97,297   104,939 -7,642
22,934   27,949 -5,015
19,713   12,148 7,565
96,740   38,994 57,746
80,616   32,265 48,351
64,493   61,584 2,909
122,124   43,205 78,919
143,737   129,993 13,744
34,381   8,537 25,844
10,515   11,242 -727
10   10 0
59,560   38,362 21,198
46,672   25,726 20,946
106,196   36,004 70,192
56,623   69,284 -12,661
62,583   72,650 -10,067
138,644   59,101 79,543
55,170   12,805 42,365
103,283   141,520 -38,237
65,910   139,987 -74,077
20,689   4,268 16,421
10,356   2,134 8,222
7,204   6,972 232
60   61 -1
3,422   3,523 -101
1,441   1,366 75
1,081   1,051 30
66,097   32,177 33,920
23,637   10,430 13,207
124,946   38,628 86,318
29,749   10,468 19,281
19,546   7,201 12,345
30,789   13,027 17,762
56,861   28,959 27,902
73,541   71,866 1,675
37,402   43,866 -6,464
27,190   20,605 6,585
419,868   434,174 -14,306
39,119   59,660 -20,541
14,670   21,248 -6,578
6,846   8,270 -1,424
9,831   10,966 -1,135
21,871   13,971 7,900
27,481   6,403 21,078
69,539   73,273 -3,734
32,011   13,027 18,984
41,706   17,383 24,323
30,787   5,546 25,241
19,913   7,128 12,785
26,599   10,837 15,762
20,138   8,990 11,148
35,522   31,990 3,532
3,700   3,456 244
18,774   4,269 14,505
15,710   2,774 12,936
8,510   3,478 5,032
64,648   78,099 -13,451
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       -52
b       -2,629
c       6,021
d       63,045
e       -13,264
      -1,245
      -351
      -21,997
      -24,206
      -2,188
      -2,254
      -2,271
      -1,591
      -10,838
      13,036
      -10,021
      -35,314
      -42,104
      -3,120
      -2,515
      -2,899
      -1,373
      -3,732
      -1,720
      2,077
      -22,252
      5,655
      12,177
      1,751
      25,356
      -8,420
      899
      42,065
      -15,758
      15,569
      46,663
      2,547
      2,398
      -23,473
      -1,692
      -28,425
      -2,624
      -19,144
      -7,803
      -6,209
      -2,487
      -17,160
      -18,995
      64,199
      -7,642
      -5,015
      7,565
      57,746
      48,351
      2,909
      78,919
      13,744
      25,844
      -727
      0
      21,198
      20,946
      70,192
      -12,661
      -10,067
      79,543
      42,365
      -38,237
      -74,077
      16,421
      8,222
      232
      -1
      -101
      75
      30
      33,920
      13,207
      86,318
      19,281
      12,345
      17,762
      27,902
      1,675
      -6,464
      6,585
      -14,306
      -20,541
      -6,578
      -1,424
      -1,135
      7,900
      21,078
      -3,734
      18,984
      24,323
      25,241
      12,785
      15,762
      11,148
      3,532
      244
      14,505
      12,936
      5,032
      -13,451
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 2 613,938
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 9,934
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 9,934
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 9,934
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 9,552
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,552
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....... 9 382
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
OH
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 addressN/A
14
The books are in care ofCIRCUMFERENCE FS USA INC Telephone no. (302) 651-1000

Located at1100 N MARKET STREET 4TH FLOORWILMINGTONDE ZIP+419890
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)
 
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
 
 
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
JANET REED GOSS TRUSTEE
2.00 		0 0 0
1100 N MARKET STREET 4TH FL
WILMINGTON,DE19890
FOSTER A REED TRUSTEE
2.00 		0 0 0
1100 N MARKET STREET 4TH FL
WILMINGTON,DE19890
CL REED III TRUSTEE
2.00 		0 0 0
1100 N MARKET STREET 4TH FL
WILMINGTON,DE19890
DOROTHY FOSTER REED TRUSTEE
2.00 		0 0 0
1100 N MARKET STREET 4TH FL
WILMINGTON,DE19890
SOPHIE SCHLUMBERGER PRESIDENT
2.00 		0 0 0
1100 N MARKET STREET 4TH FL
WILMINGTON,DE19890
CRISTIAN GOSS VICE PRESIDENT
2.00 		0 0 0
1100 N MARKET STREET 4TH FL
WILMINGTON,DE19890
ANDERSON FOSTER REED TREASURER
2.00 		0 0 0
1100 N MARKET STREET 4TH FL
WILMINGTON,DE19890
NICHOLAS REED SECRETARY
2.00 		0 0 0
1100 N MARKET STREET 4TH FL
WILMINGTON,DE19890
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
TOCQUEVILLE ASSET MANAGEMENT LP INVESTMENT MANAGEMENT 67,758
40 W 57TH ST 19
NEW YORK,NY10019
CIRCUMFERENCE FS (USA) INC ACCOUNTING & INVESTMENT MGMT 62,198
1100 N MARKET STREET 4TH FL
WILMINGTON,DE19890
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.........................0
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
14,541,417
b
Average of monthly cash balances.......................
1b
96,162
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
14,637,579
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
14,637,579
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
219,564
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,418,015
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
720,901
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
720,901
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
9,934
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,934
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
710,967
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
710,967
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
710,967
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
678,718
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
678,718
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 7 710,967
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 649,931
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 678,718
a Applied to 2024, but not more than line 2a 649,931
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..... 28,787
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 .......... 		682,180
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 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
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

3RD I SOUTH ASIAN INDEPENDENT FILM

PO BOX 460812
SAN FRANCISCO,CA94146 		NONE   GENERAL SUPPORT 3,000

ADIRONDACK FISHERIES PROGRAM - CORNELL

CORNELL UNIVERSITY - BOX 37334
BOONE,IA500370334 		NONE   GENERAL SUPPORT 10,000

APOPO

712 H ST NE
WASHINGTON,DC20002 		NONE   GENERAL SUPPORT 1,500

ART BASE

PO BOX 4300
BASALT,CO81621 		NONE   GENERAL SUPPORT & CAPITAL CAMPAIGN 62,000

ASPEN COUNTRY DAY SCHOOL (ACDS)

300 MUSIC SCHOOL ROAD
ASPEN,CO81611 		NONE   GENERAL SUPPORT 26,500

ASPEN JOURNALISM

1280 UTE AVE SUITE 9
ASPEN,CO81611 		NONE   GENERAL SUPPORT 5,000

ASPEN SCIENCE CENTER

520 S 3RD STREET SUITE 9
CARBONDALE,CO81623 		NONE   GENERAL SUPPORT 5,000

ASPEN VALLEY SKI-SNOWBOARD CLUB INC (AVSC)

300 AVSC DRIVE
ASPEN,CO81611 		NONE   GENERAL SUPPORT 3,500

BARD COLLEGE

FISHER CENTER FOR THE PERFORMING
ARTS PO BOX 5000
ANNANDALE,NY12504 		NONE   SCHOLARSHIPS, GENERAL SUPPORT 7,500

BATH AREA FOOD BANK

PO BOX 65
BATH,ME04530 		NONE   GENERAL SUPPORT 1,000

BAY CHAMBER CONCERTS AND MUSIC SCHOOL

5 MOUNTAIN STREET
CAMDEN,ME04843 		NONE   GENERAL SUPPORT 1,000

CALIFORNIA COALITION FOR WOMEN PRISONERS

4400 MARKET ST
OAKLAND,CA94608 		NONE   GENERAL SUPPORT 5,000

CALIFORNIA RICELANDS WATERBIRD FOUNDATION

1231 I STREET SUITE 205
SACRAMENTO,CA95814 		NONE   GENERAL SUPPORT 2,000

CAMDEN AREA YOUTH SEAMANSHIP PROGRAM (CAYSP)

C/O CAMDEN YACHT CLUB PO BOX 204
CAMDEN,ME04843 		NONE   GENERAL SUPPORT 2,000

CAMDEN PUBLIC LIBRARY FUND

55 MAIN STREET
CAMDEN,ME04843 		NONE   GENERAL SUPPORT 2,000

CARBONDALE ARTS

PO BOX 175
CARBONDALE,CO81623 		NONE   GENERAL SUPPORT 1,000

CASA OF MISSOULA

PO BOX 7433
MISSOULA,MT59807 		NONE   GENERAL SUPPORT 2,000

CHILDREN'S BOOK PROJECT

3433 21ST STREET
SAN FRANCISCO,CA94110 		NONE   GENERAL SUPPORT 3,000

CLARK FORK COALITION

PO BOX 7593
MISSOULA,MT59807 		NONE   GENERAL SUPPORT 2,000

COASTAL MOUNTAINS LAND TRUST

101 MOUNT BATTIE STREET
CAMDEN,ME04843 		NONE   CONSERVATION CAMPAIGN & STEWARDSHIP PROGRAM 15,000

COLORADO ROCKY MOUNTAIN SCHOOL (CRMS)

1492 COUNTY ROAD SUITE 106
CARBONDALE,CO81623 		NONE   HEALTH EDUCATION PROGRAM 27,500

CONTEMPORANEOUS

PO BOX 275
NEW YORK,NY10023 		NONE   GENERAL SUPPORT 2,500

CORRECTIONAL ASSOCIATION OF NEW YORK

PO BOX 793
BROOKLYN,NY112070793 		NONE   GENERAL SUPPORT 1,000

CREATIVITY EXPLORED

3245 16TH STREET AT GUERRERO STREET
SAN FRANCISCO,CA94103 		NONE   GENERAL SUPPORT 2,000

DEMOCRACY NOW

207 W 25TH ST 11TH FLOOR
NEW YORK,NY10001 		NONE   GENERAL SUPPORT 6,000

ENGLISH IN ACTION

PO BOX 4856
BASALT,CO81621 		NONE   DIGITAL LITERACY AND EQUITY PROJECT PROGRAM 10,000

FIVE VALLEYS LAND TRUST

120 HICKORY STREET SUITE B
MISSOULA,MT59801 		NONE   GENERAL SUPPORT 2,000

FOCUSED KIDS

140 RIVER OAKS LANE
BASALT,CO81621 		NONE   GENERAL SUPPORT 2,000

FOOTLOOSE MONTANA

PO BOX 8884
MISSOULA,MT59807 		NONE   GENERAL SUPPORT 1,000

FOUNDING FISH

78 1ST AVE 2ND FL
ATLANTIC HIGHLANDS,NJ07716 		NONE   GENERAL SUPPORT 1,500

FRACTURED ATLAS

248 WEST 35TH STREET 10TH FLOOR
NEW YORK,NY10001 		NONE   GENERAL SUPPORT 1,000

FREEDOM FROM RELIGION FOUNDATION INC

PO BOX 750
MADISON,WI537010750 		NONE   GENERAL SUPPORT 4,000

FRIENDS OF CASA GENERACION

400 KEHOE AVE
HALF MOON BAY,CA94109 		NONE   GENERAL SUPPORT 8,000

FRIENDS OF THE STRAND THEATRE INC

PO BOX 433
ROCKLAND,ME04841 		NONE   GENERAL SUPPORT 1,000

FRIENDS OF THE UPPER DELAWARE

158 E FRONT ST
HANCOCK,NY13783 		NONE   GENERAL SUPPORT 2,000

GARDEN CITY HARVEST

1657 RIVER ROAD
MISSOULA,MT59801 		NONE   GENERAL SUPPORT 2,000

GIVEDIRECTLY INC

PO BOX 3221
NEW YORK,NY10008 		NONE   GENERAL SUPPORT 10,000

GRACE SMITH HOUSE INC

PO BOX 5205
POUGHKEEPSIE,NY12602 		NONE   GENERAL SUPPORT 4,000

HEAL PALESTINE

BOX 453
KENT,OH44240 		NONE   GENERAL SUPPORT 16,500

HOMEWORTHY

PO BOX 1696
ROCKLAND,ME04841 		NONE   GENERAL SUPPORT 6,000

HOSPICE INC (HUDSON VALLEY)

374 VIOLET AVENUE
POUGHKEEPSIE,NY12601 		NONE   GENERAL SUPPORT 5,000

HUCKLEBERRY HOUSE

3450 GEARY BLVD SUITE 107
SAN FRANCISCO,CA94118 		NONE   GENERAL SUPPORT 3,000

IMMIGRATION INSTITUTE OF THE BAY AREA (IIBA)

58 2ND ST 3RD FLOOR
SAN FRANCISCO,CA94105 		NONE   GENERAL SUPPORT 5,000

JOSHUA TREE FOUNDATION FOR ARTS & ECOLOGY (DBA - LOU HARRISON HOUSE)

PO BOX 416
JOSHUA TREE,CA92252 		NONE   GENERAL SUPPORT 1,000

JUNE DAIKO

PO BOX 1972
MOUNTAIN VIEW,CA94042 		NONE   GENERAL SUPPORT 2,500

KAATSBAAN INTERNATIONAL DANCE CENTER INC

PO BOX 482
TIVOLI,NY12583 		NONE   GENERAL SUPPORT 5,000

KINGSTON MUSIC INITITATIVETEMPO

29 WURTS STREET
KINGSTON,NY12401 		NONE   GENERAL SUPPORT 15,000

KPOO

PO BOX 156650
SAN FRANCISCO,CA941156650 		NONE   GENERAL SUPPORT 2,000

KQED INC

2601 MARIPOSA ST
SAN FRANCISCO,CA94110 		NONE   GENERAL SUPPORT 1,000

LA CASA DE LAS MADRES

1269 HOWARD STREET
SAN FRANCISCO,CA94103 		NONE   GENERAL SUPPORT 1,000

MAINE RIVERS

BOX 782
YARMOUTH,ME04096 		NONE   GENERAL SUPPORT 1,000

MAKE THE ROAD NEW YORK

PO BOX 73
BRENTWOOD,NY11717 		NONE   GENERAL SUPPORT 1,000

MCH INC

46 SUMMER STREET
ROCKLAND,ME04841 		NONE   MEALS ON WHEELS 2,000

MERRYSPRING NATURE CENTER

30 CONWAY ROAD PO BOX 893
CAMDEN,ME04843 		NONE   GENERAL SUPPORT 1,000

MILLS COLLEGE AT NORTHEASTERN UNIVERSITY

OFFICE OF INSTITUTIONAL ADVANCEMENT
5000 MACARTHUR BOULEVARD
OAKLAND,CA94613 		NONE   GENERAL SUPPORT 1,000

MINISTRY OF MAAT

156 HUNTER STREET
KINGSTON,NY12401 		NONE   GENERAL SUPPORT 1,000

MISSOULA ART MUSEUM

335 NORTH PATTEE STREET
MISSOULA,MT59802 		NONE   FIFTH GRADE ART EXPERIENCE & GENERAL SUPPORT 2,000

MISSOULA FOOD BANK & COMMUNITY CENTER

1720 WYOMING STREET
MISSOULA,MT59801 		NONE   GENERAL SUPPORT 2,000

MONTANA INNOCENCE PROJECT

PO BOX 7607
MISSOULA,MT598077607 		NONE   GENERAL SUPPORT 1,000

MOUNT TAMALPAIS COLLEGE

PO BOX 492
SAN QUENTIN,CA94964 		NONE   GENERAL SUPPORT 2,000

NATIONAL DAY LABORER ORGANIZING NETWORK

1030 S ARROYO PARKWAY STE 106
PASADENA,CA91105 		NONE   GENERAL SUPPORT 10,000

NEW YORK PUBLIC RADIO

160 VARICK ST FL 9
NEW YORK,NY100131220 		NONE   GENERAL SUPPORT 10,000

NOE VALLEY CHAMBER MUSIC (DBA NOE MUSIC)

1021 SANCHEZ ST
SAN FRANCISCO,CA94114 		NONE   GENERAL SUPPORT 3,000

PALESTINE CHILDREN'S RELIEF FUND

PO BOX 861716
LOS ANGELES,CA90086 		NONE   GENERAL SUPPORT 34,431

PASADENA HUMANE SOCIETY AND SPCA

361 S RAYMOND AVE
PASADENA,CA91105 		NONE   GENERAL SUPPORT 10,000

PATHFINDERS

PO BOX 11799
ASPEN,CO81612 		NONE   GENERAL SUPPORT 5,000

PHIPPSBURG LAND TRUST

BOX 123
PHIPPSBURG,MA04096 		NONE   GENERAL SUPPORT 1,000

PHOTO ALLIANCE

PO BOX 29010
SAN FRANCISCO,CA94129 		NONE   GENERAL SUPPORT 2,000

PLANNED PARENTHOOD FEDERATION OF AMERICA

123 WILLIAM ST 10TH FLOOR
NEW YORK,NY10038 		NONE   GENERAL SUPPORT 1,000

PLANNED PARENTHOOD OF GREATER OHIO

206 E STATE STREET
COLUMBUS,OH43215 		NONE   GENERAL SUPPORT 1,000

PORTLAND TAIKO

3728 SE 34TH AVENUE
PORTLAND,OR97202 		NONE   GENERAL SUPPORT 2,500

PROCESSIONAL ARTS

90 LA BERGERIE LANE
RED HOOK,NY12571 		NONE   GENERAL SUPPORT 1,000

PROVIDENCE MONTANA HEALTH FOUNDATION

502 W SPRUCE STREET
MISSOULA,MT59802 		NONE   GENERAL SUPPORT 2,000

PRX (SAN QUENTIN PROJECT)

PO BOX 382234
CAMBRIDGE,MA02238 		NONE   GENERAL SUPPORT 3,000

RAZOM

PO BOX 24150
NEW YORK,NY100874150 		NONE   GENERAL SUPPORT 5,000

RED HOOK COMMUNITY CENTER

59 FISK STREET
RED HOOK,NY12571 		NONE   GENERAL SUPPORT 1,000

RED HOOK EDUCATION FOUNDATION

PO BOX 2
RED HOOK,NY12571 		NONE   GENERAL SUPPORT 2,500

RED HOOK SOCCER CLUB

PO BOX 404
RED HOOK,NY12571 		NONE   GENERAL SUPPORT 2,500

REGIONAL FOOD BANK OF NORTH EASTERN NEW YORK

965 ALBANY-SHAKER ROAD
LATHAM,NY12220 		NONE   GENERAL SUPPORT 8,750

RIDGES TO RIFFLES INDIGENOUS CONSERVATION GROUP

PO BOX 1161
HOOPA,CA95546 		NONE   GENERAL SUPPORT 4,000

RIVERKEEPER INC

20 SECOR ROAD
OSSINING,NY10562 		NONE   GENERAL SUPPORT 6,250

ROXIE THEATER

3125 16TH STREET
SAN FRANCISCO,CA94103 		NONE   GENERAL SUPPORT 5,000

SAN FRANCISCO FOOD BANK

900 PENNSYLVANIA AVENUE
SAN FRANCISCO,CA94107 		NONE   GENERAL SUPPORT 2,000

SAN FRANCISCO LIVE ARTS

PO BOX 862
FAIRFAX,CA94978 		NONE   GENERAL SUPPORT 1,000

SHADOWLIGHT PRODUCTIONS

22 CHATTANOOGA ST
SAN FRANCISCO,CA94114 		NONE   GENERAL SUPPORT 54,000

SHAKE-A-LEG MIAMI INC

2620 S BAYSHORE DRIVE
MIAMI,FL33133 		NONE   GENERAL SUPPORT 5,000

SOCIAL AND ENVIRONMENTAL ENTREPRENEURS

23564 CALABASAS ROAD SUITE 201
CALABASAS,CA91302 		NONE   GENERAL SUPPORT 2,000

ST GEORGE'S SCHOOL

372 PURGATORY ROAD
MIDDLETOWN,RI02842 		NONE   GENERAL SUPPORT 28,000

ST JAMES' EPISCOPAL SCHOOL

625 S ST ANDREWS PLACE
LOS ANGELES,CA90005 		NONE   GENERAL SUPPORT 15,000

ST PAUL'S SCHOOL

325 PLEASANT STREET
CONCORD,NH03301 		NONE   GENERAL SUPPORT 1,000

STEPPING STONES

1010 GARFIELD AVE
CARBONDALE,CO81623 		NONE   GENERAL SUPPORT 14,500

SUZERAIN

105 GRIST MILL COURT
LEXINGTON,SC29072 		NONE   GENERAL SUPPORT 15,000

THE ANDREW LEVITT CENTER FOR SOCIAL EMERGENCY MEDICINE

1513 GRANT STREET
BERKELEY,CA94703 		NONE   GENERAL SUPPORT 10,000

TIVOLI FIRE DEPARTMENT

PO BOX 486
TIVOLI,NY125835421 		NONE   GENERAL SUPPORT 1,000

ULSTER IMMIGRANT DEFENSE NETWORK INC

C/O HOLY CROSS/SANTA CRUZ EPISCOPAL
CHURCH 30 PINE GROVE AVE
KINGSTON,NY12401 		NONE   GENERAL SUPPORT 11,000

UNDUE MEDICAL DEBT

PO BOX 411675
BOSTON,MA022411675 		NONE   GENERAL SUPPORT 2,000

UNRWA USA NATIONAL COMMITTEE

PO BOX 18697
WASHINGTON,DC20036 		NONE   GENERAL SUPPORT 10,000

VALLEY SETTLEMENT

1901 GRAND AVENUE SUITE 206
GLENWOOD SPRINGS,CO81601 		NONE   GENERAL SUPPORT 10,000

VALLEY VIEW FOUNDATION

PO BOX 1970
GLENWOOD SPRINGS,CO81602 		NONE   GENERAL SUPPORT 10,000

WATSON CHILDREN'S SHELTER

4978 BUCKHOUSE LANE
MISSOULA,MT59804 		NONE   GENERAL SUPPORT 2,000

WESTOVER SCHOOL INC

1237 WHITTEMORE ROAD
MIDDLEBURY,CT06762 		NONE   CLASS OF 1964 ANNUAL FUND 1,000

WILD SALMON CENTER

721 NW NINTH AVENUE SUITE 300
PORTLAND,OR97209 		NONE   RUSSIA FAR EAST PROJECT 1,000

WORLD CENTRAL KITCHEN INC

200 MASS AVE NW 7TH FLOOR
WASHINGTON,DC20001 		NONE   GENERAL SUPPORT 5,000

YOUTH HOMES

550 NORTH CALIFORNIA STREET
MISSOULA,MT59802 		NONE   GENERAL SUPPORT 2,000

ZEN HOSPICE PROJECT INC

601 VAN NESS AVE SUITE E3-802
SAN FRANCISCO,CA94102 		NONE   GENERAL SUPPORT 2,000
Total ................................. 3a 649,931
bApproved for future payment
Total ................................. 3b 0
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 ....     14 202,140  
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 ............ 		    18 613,938  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    01 2,612  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 818,690 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
818,690
(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:
THE THENDARA FOUNDATION
EIN:
31-1126072
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 28,587 0   28,587

TY 2025 InvestmentsCorpStockSchedule
Name:
THE THENDARA FOUNDATION
EIN:
31-1126072
Name of Stock End of Year Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITIES 9,774,122 14,981,337

TY 2025 OtherExpensesSchedule
Name:
THE THENDARA FOUNDATION
EIN:
31-1126072
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOARD MEETING EXPENSES 200 0   200


TY 2025 OtherIncomeSchedule2
Name:
THE THENDARA FOUNDATION
EIN:
31-1126072
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 2,612   2,612


TY 2025 OtherProfessionalFeesSchedule
Name:
THE THENDARA FOUNDATION
EIN:
31-1126072
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 101,368 101,368   0


TY 2025 TaxesSchedule
Name:
THE THENDARA FOUNDATION
EIN:
31-1126072
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL FORM 990-PF EXCISE TAX 10,314 0   0