TY 2025 Form 990PF

- TIN:

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
STANLEY J GLASER FOUNDATION FBO UNIVERSITY OF

Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 803878
Room/suite

City or town
CHICAGO

State or province
IL

Country

ZIP or foreign postal code
60680

A Employer identification number

65-6062195

B Telephone number (see instructions)

3126306000

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

D 1. Foreign organizations, check here.............

2. Foreign organizations meeting the 85%
test, check here and attach computation ...

E If private foundation status was terminated
under section 507(b)(1)(A), check here .......

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$7,624,499J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	264,111		263,738
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		280,369
b	Gross sales price for all assets on line 6a 1,893,416
7	Capital gain net income (from Part IV, line 2)...			280,369
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).......	List of Attached Documents: // Content	120	120
12	Total. Add lines 1 through 11........	544,600		544,227
13	Compensation of officers, directors, trustees, etc.	92,697		32,244		60,453
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).......	List of Attached Documents: // Content	1,750	875	0	875
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	25,764	3,128		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).......	List of Attached Documents: // Content	93	78		15
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	120,304		36,325	0	61,343
25	Contributions, gifts, grants paid.......	494,940				494,940
26	Total expenses and disbursements. Add lines 24 and 25 ................	615,244		36,325	0	556,283
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-70,644
b	Net investment income (if negative, enter -0-)			507,902
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	454,594
	2	Savings and temporary cash investments.........		208,178	208,178
	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).......	2,835,831	List of Attached Documents: // Content 3,029,798	3,716,525
	c	Investments—corporate bonds (attach schedule).......	3,458,462	List of Attached Documents: // Content 3,553,088	3,586,995
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	204,279	List of Attached Documents: // Content 103,708	112,801
	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)	6,953,166	6,894,772	7,624,499
	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
		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........	6,953,166	6,894,772
	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).....	6,953,166	6,894,772
	30	Total liabilities and net assets/fund balances (see instructions).	6,953,166	6,894,772

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

6,953,166

Enter amount from Part I, line 27a .....................

-70,644

Other increases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

16,244

Add lines 1, 2, and 3 ..........................

6,898,766

Decreases not included in line 2 (itemize) Click to see attachment

List of Attached Documents:

// Content

3,994

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..

6,894,772

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	6. ABBVIE INC COM USD0.01		2024-06-05	2025-10-03
b	61. ABBVIE INC COM USD0.01		2024-06-05	2025-10-27
c	22. ADOBE SYS INC		2023-12-27	2025-01-29
d	7. AIR PRODUCTS & CHEMICALS INC		2017-02-14	2025-07-11
e	12. AIR PRODUCTS & CHEMICALS INC		2017-02-14	2025-08-11
	24. AIR PRODUCTS & CHEMICALS INC		2017-02-14	2025-10-17
	5000. AMAZON COM INC 3.6% 04-13-2032 BEO		2022-04-11	2025-03-17
	5000. AMERICAN EXPRESS CO 5.519% DUE 07-26-2035 BEO		2024-07-22	2025-03-17
	5000. AMERICAN HONDA FIN CORP MED TERM NTS BOOK ENTRY 2.0% DUE 03-24-2		2021-03-22	2025-03-17
	108. AMERICAN INTERNATIONAL GROUP INC COM		2024-07-22	2025-01-29
	52. AMERICAN WTR WKS CO INC NEW COM		2024-06-17	2025-01-29
	26. AMERIPRISE FINANCIAL INC		2020-08-19	2025-01-29
	4. AMERIPRISE FINANCIAL INC		2020-04-30	2025-06-05
	5000. AMERIPRISE FINANCIAL INC 5.15% DUE 05-15-2033		2023-03-06	2025-03-17
	30. AMGEN INC		2023-11-24	2025-01-29
	5000. ANALOG DEVICES INC 1.7% 10-01-2028		2021-09-29	2025-03-17
	27. ANSYS INC		2023-12-11	2025-01-29
	27. ANSYS INC		2024-02-27	2025-07-18
	15. APOLLO GLOBAL MANAGEMENT INC COM USD0.00001		2025-09-08	2025-10-27
	5000. APPLE INC 4.0% 05-10-2028		2023-05-08	2025-03-17
	20000. APPLE INC 4.0% 05-10-2028		2023-05-08	2025-05-05
	5000. ARCHER DANIELS MIDLAND CO 2.9% 03-01-2032 BEO		2022-02-23	2025-03-17
	70. ATMOS ENERGY CORP		2022-03-16	2025-01-29
	2. AUTOMATIC DATA PROCESSING INC		2024-09-09	2025-10-03
	22. AUTOMATIC DATA PROCESSING INC		2024-09-09	2025-10-27
	5000. AUTOMATIC DATA PROCESSING INC 1.25% DUE 09-01-2030/08-13-2020 RE		2020-08-11	2025-03-17
	26. AVALONBAY CMNTYS INC REIT		2025-06-27	2025-10-27
	5000. BANK OF AMERICA CORPORATION 5.202% 04-25-2029		2023-04-19	2025-03-17
	5000. BANK MONTREAL QUE 5.203% DUE 02-01-2028 BEO		2023-01-05	2025-03-17
	5000. BANK OF NEW YORK MELLON CORP 6.317% 10-25-2029		2023-10-18	2025-03-17
	5000. BANK NOVA SCOTIA 4.74% 11-10-2032		2024-09-04	2025-03-17
	5000. BERKSHIRE HATHAWAY FIN CORP 2.875% DUE 03-15-2032 BEO		2022-03-07	2025-03-17
	21. BLACKSTONE INC COM USD0.00001		2024-01-29	2025-01-29
	27. BLACKSTONE INC COM USD0.00001		2022-02-23	2025-01-29
	5000. BLACKROCK FDG INC 4.9% 01-08-2035		2024-07-17	2025-03-17
	9. BROADCOM INC COM		2018-06-04	2025-01-14
	16. BROADCOM INC COM		2018-06-04	2025-01-30
	12. BROADCOM INC COM		2018-06-04	2025-02-03
	23. BROADCOM INC COM		2018-06-04	2025-02-14
	11. BROADCOM INC COM		2018-06-04	2025-03-03
	6. BROADCOM INC COM		2024-04-16	2025-05-21
	6. BROADCOM INC COM		2024-04-16	2025-06-09
	8. BROADCOM INC COM		2024-04-16	2025-07-11
	13. BROADCOM INC COM		2018-06-04	2025-08-11
	59. BROADCOM INC COM		2020-03-09	2025-10-27
	5. BROADCOM INC COM		2020-03-09	2025-11-25
	14. BROADCOM INC COM		2020-03-09	2025-12-17
	17. CME GROUP INC		2024-01-31	2025-10-27
	5000. CME GROUP INC 2.65% DUE 03-15-2032 BEO		2022-03-01	2025-03-17
	292. CABOT OIL & GAS CORP CL A		2023-12-11	2025-01-29
	25000. CANADIAN IMPERIAL BANK OF COMMERCE 5.001% DUE 04-28-2028		2023-04-24	2025-01-06
	5000. CANADIAN IMPERIAL BK 5.245% DUE 01-13-2031		2025-01-06	2025-03-17
	68. CAPITAL ONE FINL CORP		2023-09-21	2025-01-29
	25000. CATERPILLAR FINANCIAL SERVICES LTD 4.35%DUE 05-15-2026		2023-05-08	2025-01-06
	5000. CATERPILLAR FINL SVCS CORP 4.8% 01-08-2030		2025-01-06	2025-03-17
	5000. CHEVRON U S A INC 4.475% 02-26-2028		2025-02-24	2025-03-17
	20000. CHEVRON U S A INC 4.475% 02-26-2028		2025-02-24	2025-08-11
	2. CHEVRONTEXACO CORP		2018-03-26	2025-05-21
	45. CHEVRONTEXACO CORP		2020-02-21	2025-10-27
	1. CISCO SYS INC		2012-12-13	2025-10-03
	3. CISCO SYS INC		2025-08-11	2025-10-27
	68. CISCO SYS INC		2012-12-13	2025-10-27
	5000. CISCO SYS INC 5.05% 02-26-2034		2024-02-21	2025-03-17
	20000. CITIGROUP INC 3.29% 03-17-2026		2022-03-10	2025-03-17
	5000. CITIGROUP INC 3.29% 03-17-2026		2022-06-27	2025-03-17
	120. COCA COLA CO		2020-04-30	2025-01-29
	5000. COCA COLA CO 5.0% 05-13-2034		2024-05-06	2025-03-17
	5000. COLGATE-PALMOLIVE CO 3.1% DUE 08-15-2027BEO		2022-08-01	2025-03-17
	69. COMMERCE BANCSHARES INC		2020-04-30	2025-01-29
	19. COMMERCE BANCSHARES INC		2020-04-30	2025-12-02
	11. COMMERCE BANCSHARES INC		2020-04-30	2025-12-04
	11. COMMERCE BANCSHARES INC		2020-04-30	2025-12-05
	10. COMMERCE BANCSHARES INC		2020-04-30	2025-12-08
	9. COMMERCE BANCSHARES INC		2020-04-30	2025-12-09
	3. COMMERCE BANCSHARES INC		2020-04-30	2025-12-19
	25. CONSTELLATION BRANDS INC CL A		2021-12-22	2025-01-29
	3. CORNING INC		2022-03-08	2025-05-21
	35. CORNING INC		2022-03-08	2025-07-11
	69. CORNING INC		2022-05-06	2025-10-02
	44. CORNING INC		2022-08-25	2025-10-27
	195. CORTEVA INC COM USD0.01 WI		2020-04-30	2025-01-29
	50. CULLEN FROST BANKERS INC		2020-02-06	2025-01-29
	2428.89 MFO DFA INVT DIMENSIONS GROUP INC REAL ESTATE SECS PORTFOLIO		2024-08-19	2025-10-24
	33. DANAHER CORP		2023-12-27	2025-01-29
	56. DELL TECHNOLOGIES INC COM USD0.01 CL C WI COMMON STOCK		2024-01-16	2025-05-01
	11. DELL TECHNOLOGIES INC COM USD0.01 CL C WI COMMON STOCK		2024-12-19	2025-09-08
	24. DELL TECHNOLOGIES INC COM USD0.01 CL C WI COMMON STOCK		2023-12-18	2025-09-08
	5000. DISNEY WALT CO 3.8% DUE 03-22-2030 REG		2021-04-26	2025-03-17
	5000. ERP OPERATING LP 1.85% 08-01-2031		2021-08-04	2025-03-17
	36. ECOLAB INC		2021-09-22	2025-01-29
	90. EQUITY LIFESTYLE PPTYS INC REIT		2023-08-01	2025-01-29
	50. EXXON MOBIL CORP		2024-08-12	2025-10-27
	5000. META PLATFORMS INC 4.55% 08-15-2031		2024-08-07	2025-03-17
	20000. META PLATFORMS INC 4.55% 08-15-2031		2024-08-07	2025-10-30
	47. FASTENAL CO		2023-06-13	2025-10-27
	26. GENERAL DYNAMICS CORP		2021-04-12	2025-01-29
	18. GENERAL DYNAMICS CORP		2024-03-21	2025-10-27
	5000. GENERAL DYNAMICS CORP 2.25% DUE 06-01-2031 BEO		2021-05-03	2025-03-17
	5000. GOLDMAN SACHS GROUP INC 5.016% 10-23-2035		2024-10-16	2025-03-17
	101. HP INC COM		2024-07-17	2025-06-09
	83. HP INC COM		2024-06-05	2025-06-09
	31. HARTFORD FINL SVCS GROUP INC		2025-05-01	2025-10-27
	2. HOME DEPOT INC		2024-09-20	2025-10-03
	19. HOME DEPOT INC		2024-09-20	2025-10-27
	5000. HOME DEPOT INC 4.5% 09-15-2032		2022-09-12	2025-03-17
	38. HONEYWELL INTL INC		2021-07-23	2025-01-29
	17. HONEYWELL INTL INC		2021-07-23	2025-03-28
	18. HONEYWELL INTL INC		2021-07-23	2025-03-31
	5000. HONEYWELL INTL INC 1.75% 09-01-2031		2021-08-02	2025-03-17
	15. ILLINOIS TOOL WORKS INC		2016-11-02	2025-10-27
	5000. INTEL CORP 4.0% 08-05-2029 BEO		2022-08-02	2025-03-17
	5000. INTERCONTINENTAL EXCHANGE INC 4.0% 09-15-2027		2022-06-06	2025-03-17
	32. J P MORGAN CHASE & CO		2024-02-27	2025-10-27
	1. J P MORGAN CHASE & CO		2024-02-20	2025-10-31
	2. J P MORGAN CHASE & CO		2024-02-20	2025-11-13
	5000. JPMORGAN CHASE & CO 5.766% 04-22-2035		2024-04-15	2025-03-17
	5000. JPMORGAN CHASE & CO 5.53% 07-22-2035		2024-07-15	2025-03-17
	3. JOHNSON & JOHNSON		2024-10-21	2025-05-21
	55. JOHNSON & JOHNSON		2025-09-08	2025-10-27
	23. JOHNSON & JOHNSON		2024-10-21	2025-10-27
	1. JOHNSON & JOHNSON		2025-01-30	2025-10-31
	5000. JOHNSON & JOHNSON 4.55% 03-01-2028		2025-02-18	2025-03-17
	8. KEURIG DR PEPPER INC COM		2022-04-08	2025-05-21
	117. KEURIG DR PEPPER INC COM		2022-06-22	2025-10-27
	158. KEURIG DR PEPPER INC COM		2023-09-14	2025-10-31
	13. KINDER MORGAN INC DEL COM		2023-08-15	2025-10-03
	103. KINDER MORGAN INC DEL COM		2023-08-25	2025-10-27
	80. LENNAR CORP		2023-12-11	2025-01-29
	17. ELI LILLY & CO		2018-11-16	2025-10-27
	1. LOCKHEED MARTIN CORP		2013-08-01	2025-10-03
	10. LOCKHEED MARTIN CORP		2013-08-01	2025-10-27
	33. LOWES COMPANIES INC		2023-09-28	2025-01-29
	39. MARSH & MCLENNAN COS INC		2024-08-12	2025-10-27
	14. MARSH & MCLENNAN COS INC		2017-05-30	2025-10-31
	10. MARSH & MCLENNAN COS INC		2017-05-30	2025-12-12
	19. MARTIN MARIETTA MATLS INC		2023-11-24	2025-01-29
	5000. MASTERCARD INC 4.55% 01-15-2035		2024-09-03	2025-03-17
	2. MCDONALDS CORP		2024-01-31	2025-10-03
	26. MCDONALDS CORP		2024-01-31	2025-10-27
	72. MERCK & CO INC		2022-11-21	2025-01-29
	22. MERCK & CO INC		2020-03-09	2025-03-20
	77. MERCK & CO INC		2024-06-05	2025-06-27
	63. MERCK & CO INC		2024-08-27	2025-08-28
	22. MERCK & CO INC		2020-05-13	2025-09-08
	57. MERCK & CO INC		2020-05-13	2025-09-19
	361. ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR		2021-03-19	2025-01-29
	35. ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR		2021-03-19	2025-03-03
	35. ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR		2021-03-19	2025-03-03
	32. ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR		2021-03-19	2025-03-04
	40. ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR		2021-03-19	2025-03-04
	97. ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR		2021-03-19	2025-03-05
	105. ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR		2021-04-12	2025-03-06
	33. MICROSOFT CORP COM		2023-12-27	2025-01-29
	26. MICROSOFT CORP COM		2024-08-27	2025-10-27
	106. MICROCHIP TECHNOLOGY INC		2020-04-30	2025-01-29
	78. MILLROSE PROPERTIES INC. COM USD0.01 CL A WI		2025-02-07	2025-02-19
	598. ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR		2023-12-11	2025-01-29
	9. MONDELEZ INTL INC COM		2023-11-14	2025-05-21
	8. MONDELEZ INTL INC COM		2024-09-09	2025-10-03
	141. MONDELEZ INTL INC COM		2024-09-09	2025-10-27
	5000. MORGAN STANLEY 5.042% 07-19-2030		2024-07-17	2025-03-17
	8. NEXTERA ENERGY INC COM		2024-04-24	2025-10-03
	103. NEXTERA ENERGY INC COM		2024-04-24	2025-10-27
	5000. NSTAR ELEC CO 1.95% DUE 08-15-2031 BEO		2021-08-10	2025-03-17
	5000. NVIDIA CORP 1.55% 06-15-2028		2021-06-14	2025-03-17
	33. ONEOK INC NEW		2024-06-13	2025-10-27
	51. OSHKOSH TRUCK CORP CL B		2022-02-15	2025-01-29
	42. PNC BANK CORP		2020-06-12	2025-01-29
	11. PNC BANK CORP		2022-07-26	2025-02-14
	10. PNC BANK CORP		2022-07-26	2025-03-20
	10. PNC BANK CORP		2019-09-23	2025-04-02
	30. PNC BANK CORP		2019-09-10	2025-10-27
	148. PPL CORP		2024-05-10	2025-10-27
	28. PARKER HANNIFIN CORP		2023-12-27	2025-01-29
	1. PARKER HANNIFIN CORP		2024-05-28	2025-07-24
	35. PAYCHEX INC		2024-06-13	2025-10-27
	5000. PAYPAL HOLDINGS INC 3.9% 06-01-2027		2022-05-16	2025-03-17
	11. PEPSICO INC		2014-09-08	2025-03-20
	53. PEPSICO INC		2024-05-10	2025-05-20
	29. PEPSICO INC		2014-09-08	2025-10-27
	30000. PEPSICO INC 3.6% DUE 02-18-2028/07-18-2022 BEO		2022-11-01	2025-02-05
	5000. PEPSICO INC 5.0% 02-07-2035		2025-02-05	2025-03-17
	13. PHILIP MORRIS INTERNATIONAL		2025-08-11	2025-10-27
	13. PHILLIPS 66 COM		2024-02-20	2025-03-20
	27. PHILLIPS 66 COM		2024-02-20	2025-04-02
	26. PHILLIPS 66 COM		2022-03-08	2025-05-20
	26. PHILLIPS 66 COM		2022-03-08	2025-09-19
	45. PROCTER & GAMBLE CO		2020-08-21	2025-01-29
	62. PROCTER & GAMBLE CO		2021-03-08	2025-10-27
	2. PROCTER & GAMBLE CO		2020-04-16	2025-10-31
	5000. PROCTER & GAMBLE CO 3.95% DUE 01-26-2028		2023-01-23	2025-03-17
	20000. PROCTER & GAMBLE CO 3.95% DUE 01-26-2028		2023-01-23	2025-04-28
	5000. PROGRESSIVE CORP OH 2.5% 03-15-2027 BEO		2022-03-02	2025-03-17
	16. PROLOGIS INC COM		2020-07-13	2025-03-11
	15. PROLOGIS INC COM		2020-04-30	2025-03-20
	29. PROLOGIS INC COM		2020-04-06	2025-08-25
	5000. PUBLIC STORAGE 1.95% 11-09-2028		2021-11-04	2025-03-17
	52. QUALCOMM INC		2020-04-16	2025-01-29
	24. QUALCOMM INC		2020-09-18	2025-04-14
	25. QUALCOMM INC		2020-09-18	2025-09-08
	71. RPM INC OHIO		2020-06-08	2025-01-29
	3. RTX CORPORATION COMSTK		2023-03-20	2025-10-03
	17. RTX CORPORATION COMSTK		2023-03-20	2025-10-27
	65. RLTY INC CORP COM		2023-08-15	2025-02-07
	29. RLTY INC CORP COM		2023-08-25	2025-03-11
	29. RLTY INC CORP COM		2023-08-25	2025-06-09
	34. RLTY INC CORP COM		2016-02-11	2025-06-27
	65. RLTY INC CORP COM		2020-04-30	2025-08-25
	5000. ROYAL BANK OF CANADA 4.969% 08-02-2030		2024-07-15	2025-03-17
	5000. SALESFORCE.COM INC 1.5% DUE 07-15-2028 BEO		2021-06-29	2025-03-17
	5000. SCHWAB CHARLES CORP NEW 2.3% DUE 05-13-2031 BEO		2021-05-11	2025-03-17
	35. SEMPRA ENERGY INC		2017-05-30	2025-05-01
	58. SEMPRA ENERGY INC		2017-04-20	2025-10-27
	5000. SIMON PPTY GROUP L P 2.45% 09-13-2029 REG		2019-09-04	2025-03-17
	460. SONY CORP ADR		2020-04-30	2025-01-29
	.8 SONY FINL GROUP INC ADR		2025-09-29	2025-09-29
	87. SONY FINL GROUP INC ADR		2025-09-29	2025-12-29
	5000. STANLEY BLACK & DECKER INC 3.0% 05-15-2032		2022-02-22	2025-03-17
	5000. STATE STREET CORP VAR RT 11-18-2027		2021-11-15	2025-03-17
	5000. SUNTRUST BKS INC 4.0% DUE 05-01-2025/03-01-2025 REG		2021-04-08	2025-03-17
	20000. SUNTRUST BKS INC 4.0% DUE 05-01-2025/03-01-2025 REG		2022-06-27	2025-05-01
	.18 SYNOPSYS INC		2025-07-18	2025-07-18
	45.24 MFO T ROWE PRICE NEW ERA FDS INC CL I T ROWE PRICE NEW ERA FDS I		2024-12-16	2025-11-25
	1729.59 MFO T ROWE PRICE NEW ERA FDS INC CL I T ROWE PRICE NEW ERA FDS		2023-12-15	2025-11-25
	8. TAIWAN SEMICONDUCTOR MFG LT		2025-10-17	2025-10-27
	5000. TARGET CORP 4.5% 09-15-2034		2024-09-03	2025-03-17
	15000. TARGET CORP 4.5% 09-15-2034		2024-09-03	2025-06-05
	9. TARGA RES CORP COM		2025-09-19	2025-10-27
	16. TELEDYNE TECHNOLOGIES INC		2024-01-03	2025-01-29
	11. TEXAS INSTRUMENTS INC		2016-06-06	2025-04-02
	9. TEXAS INSTRUMENTS INC		2016-06-06	2025-06-09
	25. TEXAS INSTRUMENTS INC		2016-06-06	2025-08-11
	16. TEXAS INSTRUMENTS INC		2016-06-06	2025-10-27
	7. TEXAS INSTRUMENTS INC		2016-06-06	2025-10-31
	107. ADR TOTAL SA		2024-01-29	2025-01-29
	10. ADR TOTAL SA		2024-01-25	2025-01-29
	5000. TOYOTA MOTOR CREDIT CORP 4.8% 01-05-2034		2024-01-02	2025-03-17
	1. THE TRAVELERS COMPANIES INC.		2023-05-24	2025-05-21
	36. THE TRAVELERS COMPANIES INC.		2024-07-17	2025-10-27
	5000. TRUIST FINL CORP SR MED TERM NTS BOOK EN4.123% 06-06-2028		2022-06-01	2025-03-17
	195. US BANCORP DEL NEW		2023-10-25	2025-01-29
	8. UNION PACIFIC CORP		2025-03-03	2025-10-27
	33. UNITED PARCEL SERVICE INC CL B		2021-08-17	2025-02-03
	5000. US BANCORP 5.046% 02-12-2031		2025-02-05	2025-03-17
	25000. UNITED STATES TREAS NTS 2.75% DUE 08-31-2025 REG		2022-06-27	2025-09-02
	25000. UNITED STATES TREAS NTS DTD 09/30/2018 3.0% DUE 09-30-2025		2022-06-21	2025-09-30
	25000. UNITED STATES OF AMER TREAS NOTES 2.0% 08-15-2025		2017-05-23	2025-08-15
	10000. UNITED STATES OF AMER TREAS NOTES 2.25% DUE 11-15-2025		2019-01-29	2025-11-03
	25000. UNITED STATES TREAS NTS .25% DUE 06-30-2025		2020-06-30	2025-06-30
	25000. US TREASURY SEC 1.625% DUE 03-15-2025 REG		2022-03-14	2025-03-17
	35000. UNITED STATES TREAS NTS 2.625% 04-15-2025		2022-05-24	2025-04-15
	50000. UNITED STATES OF AMER TREAS NOTES 4.125%DUE 01-31-2025		2023-02-21	2025-01-31
	40000. UNITED STATES OF AMER TREAS NOTES 3.875%DUE 03-31-2025		2023-04-27	2025-03-31
	75000. UNITED STATES OF AMER TREAS NOTES 3.75% 08-15-2027		2024-08-13	2025-11-04
	16. UNITEDHEALTH GROUP INC		2025-05-20	2025-10-27
	5000. UNITEDHEALTH GROUP INC 5.15% 07-15-2034		2024-07-23	2025-03-17
	179. VERIZON COMMUNICATIONS		2024-09-23	2025-01-29
	90. VERIZON COMMUNICATIONS		2024-09-23	2025-10-09
	5. VICI PPTYS INC COM		2025-03-11	2025-05-21
	195. VICI PPTYS INC COM		2025-08-28	2025-10-27
	3. WEC ENERGY GROUP INC COM		2013-11-20	2025-10-03
	39. WEC ENERGY GROUP INC COM		2013-11-20	2025-10-27
	5000. WESTPAC BANKING CORPORATION 1.953% 11-20-2028		2021-11-08	2025-03-17
	192. WILLIAMS COS INC		2024-07-17	2025-10-27
	59. WILLIAMS COS INC		2022-08-11	2025-11-18
	111. XCEL ENERGY INC		2022-03-16	2025-01-29
	63. XYLEM INC COM		2020-03-06	2025-01-29
	20. XYLEM INC COM		2020-04-30	2025-05-05
	20. XYLEM INC COM		2020-04-30	2025-05-06
	20. XYLEM INC COM		2020-04-30	2025-05-07
	20. ACCENTURE PLC CLS A		2025-05-01	2025-10-27
	6. EATON CORP PLC COM USD0.50		2020-08-24	2025-01-30
	5. EATON CORP PLC COM USD0.50		2020-08-24	2025-02-14
	18. EATON CORP PLC COM USD0.50		2020-08-24	2025-10-27
	65. MEDTRONIC PLC COMMON STOCK		2020-04-30	2025-01-29
	24. TE CONNECTIVITY PLC COM USD0.01		2025-07-11	2025-10-27
	82. ALCON AG COM USD0.04 WI		2020-04-30	2025-01-29
	124. NEBIUS GROUP N V		2018-10-25	2025-02-04
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,428	985	443
b	13,902	4,731	9,171
c	9,699	8,847	852
d	2,029	990	1,039
e	3,408	1,698	1,710
	6,057	3,396	2,661
	4,681	4,991	-310
	4,984	5,000	-16
	4,628	5,005	-377
	8,240	8,227	13
	6,499	6,718	-219
	14,984	3,457	11,527
	2,027	460	1,567
	4,996	4,988	8
	8,452	7,043	1,409
	4,543	5,011	-468
	9,387	7,562	1,825
	10,690	7,736	2,954
	1,893	2,016	-123
	4,979	4,990	-11
	20,051	19,961	90
	4,395	4,990	-595
	9,939	7,954	1,985
	580	551	29
	6,209	3,214	2,995
	4,213	4,987	-774
	4,870	5,360	-490
	5,056	5,000	56
	5,066	5,000	66
	5,260	5,000	260
	4,884	5,000	-116
	4,480	4,998	-518
	3,910	2,638	1,272
	5,027	3,191	1,836
	4,954	4,996	-42
	2,012	231	1,781
	3,455	411	3,044
	2,626	309	2,317
	5,359	591	4,768
	2,135	283	1,852
	1,389	792	597
	1,467	792	675
	2,186	1,055	1,131
	3,954	334	3,620
	21,068	1,510	19,558
	1,881	126	1,755
	4,538	352	4,186
	4,607	3,523	1,084
	4,363	5,002	-639
	8,224	4,866	3,358
	25,029	25,000	29
	5,047	5,000	47
	13,962	7,088	6,874
	24,955	24,988	-33
	5,027	4,990	37
	5,010	5,000	10
	20,207	20,000	207
	272	229	43
	6,986	5,039	1,947
	68	20	48
	212	212
	4,807	1,343	3,464
	5,044	4,995	49
	20,000	20,000
	5,000	4,830	170
	7,554	4,962	2,592
	5,056	4,997	59
	4,871	5,013	-142
	4,600	3,746	854
	973	867	106
	578	502	76
	577	502	75
	523	456	67
	470	411	59
	157	137	20
	4,576	6,070	-1,494
	145	112	33
	1,807	1,310	497
	5,701	2,537	3,164
	3,904	1,571	2,333
	12,607	6,111	6,496
	6,999	4,678	2,321
	101,649	100,570	1,079
	7,516	5,119	2,397
	5,246	4,143	1,103
	1,354	1,230	124
	2,953	1,761	1,192
	4,807	5,646	-839
	4,186	4,976	-790
	8,985	7,973	1,012
	5,955	6,039	-84
	5,763	5,841	-78
	4,971	4,998	-27
	20,303	19,990	313
	2,012	1,312	700
	6,599	4,251	2,348
	6,328	5,112	1,216
	4,329	5,015	-686
	4,852	5,000	-148
	2,532	3,735	-1,203
	2,080	2,964	-884
	3,868	3,650	218
	790	779	11
	7,353	3,557	3,796
	4,907	4,994	-87
	8,441	8,695	-254
	3,590	3,869	-279
	3,796	4,096	-300
	4,144	4,988	-844
	3,710	1,697	2,013
	4,814	4,988	-174
	4,938	5,000	-62
	9,660	5,786	3,874
	312	180	132
	623	360	263
	5,182	5,000	182
	5,004	5,000	4
	461	490	-29
	10,459	8,958	1,501
	4,374	3,753	621
	189	154	35
	5,037	4,997	40
	269	303	-34
	3,339	4,267	-928
	4,284	5,359	-1,075
	370	223	147
	2,671	1,721	950
	10,730	6,603	4,127
	13,875	1,798	12,077
	505	122	383
	4,823	1,217	3,606
	8,745	6,850	1,895
	7,287	4,259	3,028
	2,497	1,075	1,422
	1,852	768	1,084
	10,257	4,865	5,392
	4,850	4,989	-139
	601	588	13
	7,978	4,959	3,019
	7,083	7,587	-504
	2,075	1,664	411
	6,055	6,822	-767
	5,240	6,051	-811
	1,849	1,640	209
	4,644	4,023	621
	6,244	6,815	-571
	614	661	-47
	620	661	-41
	564	604	-40
	689	755	-66
	1,750	1,831	-81
	1,932	1,967	-35
	14,603	4,703	9,900
	13,868	2,243	11,625
	5,941	5,093	848
	1,822	1,924	-102
	7,609	3,173	4,436
	590	631	-41
	502	606	-104
	8,564	9,636	-1,072
	5,016	5,000	16
	644	528	116
	8,709	5,792	2,917
	4,204	4,987	-783
	4,587	4,997	-410
	2,270	2,639	-369
	4,923	5,870	-947
	8,576	4,689	3,887
	2,136	1,814	322
	1,741	1,599	142
	1,756	1,394	362
	5,515	4,030	1,485
	5,512	4,135	1,377
	18,658	6,297	12,361
	731	529	202
	4,361	3,396	965
	4,937	5,008	-71
	1,620	1,012	608
	6,983	7,386	-403
	4,421	2,594	1,827
	29,301	28,396	905
	5,008	4,994	14
	2,020	2,216	-196
	1,667	1,841	-174
	3,342	3,147	195
	3,144	2,305	839
	3,370	2,003	1,367
	7,485	6,190	1,295
	9,375	7,796	1,579
	302	244	58
	4,973	4,995	-22
	20,118	19,979	139
	4,813	4,998	-185
	1,859	1,415	444
	1,685	1,202	483
	3,237	2,247	990
	4,559	5,009	-450
	8,947	3,986	4,961
	3,346	2,811	535
	4,003	2,813	1,190
	9,049	5,630	3,419
	500	293	207
	3,039	1,659	1,380
	3,515	3,683	-168
	1,635	1,621	14
	1,646	1,517	129
	1,937	1,734	203
	3,787	3,231	556
	5,006	5,004	2
	4,554	4,992	-438
	4,322	4,990	-668
	2,610	2,017	593
	5,371	3,239	2,132
	4,529	4,947	-418
	10,157	6,382	3,775
	4	4
	461	446	15
	4,343	4,991	-648
	4,769	5,000	-231
	4,995	5,566	-571
	20,000	21,117	-1,117
	114	104	10
	1,947	1,714	233
	74,424	71,149	3,275
	2,372	2,310	62
	4,801	4,998	-197
	14,320	14,940	-620
	1,384	1,481	-97
	8,093	7,031	1,062
	1,951	674	1,277
	1,794	551	1,243
	4,601	1,531	3,070
	2,707	980	1,727
	1,128	429	699
	6,217	6,991	-774
	581	650	-69
	4,905	4,995	-90
	272	177	95
	9,679	7,472	2,207
	4,943	5,000	-57
	9,448	6,143	3,305
	1,741	1,979	-238
	3,689	5,762	-2,073
	5,008	5,000	8
	25,000	24,651	349
	25,000	24,700	300
	25,000	24,669	331
	9,994	9,771	223
	25,000	24,954	46
	25,000	24,784	216
	35,000	34,964	36
	50,000	49,439	561
	40,000	39,788	212
	75,211	74,924	287
	5,827	5,149	678
	5,010	5,000	10
	7,217	7,908	-691
	3,678	3,976	-298
	158	162	-4
	6,049	6,510	-461
	341	127	214
	4,523	1,645	2,878
	4,574	5,000	-426
	11,060	7,261	3,799
	3,508	1,945	1,563
	7,382	7,645	-263
	7,686	5,048	2,638
	2,464	1,442	1,022
	2,437	1,442	995
	2,441	1,442	999
	4,994	5,957	-963
	1,967	615	1,352
	1,549	513	1,036
	6,806	1,720	5,086
	6,016	7,593	-1,577
	5,713	3,868	1,845
	7,494	4,756	2,738
	4,298	3,346	952
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566
			2,566

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			443
b			9,171
c			852
d			1,039
e			1,710
			2,661
			-310
			-16
			-377
			13
			-219
			11,527
			1,567
			8
			1,409
			-468
			1,825
			2,954
			-123
			-11
			90
			-595
			1,985
			29
			2,995
			-774
			-490
			56
			66
			260
			-116
			-518
			1,272
			1,836
			-42
			1,781
			3,044
			2,317
			4,768
			1,852
			597
			675
			1,131
			3,620
			19,558
			1,755
			4,186
			1,084
			-639
			3,358
			29
			47
			6,874
			-33
			37
			10
			207
			43
			1,947
			48

			3,464
			49

			170
			2,592
			59
			-142
			854
			106
			76
			75
			67
			59
			20
			-1,494
			33
			497
			3,164
			2,333
			6,496
			2,321
			1,079
			2,397
			1,103
			124
			1,192
			-839
			-790
			1,012
			-84
			-78
			-27
			313
			700
			2,348
			1,216
			-686
			-148
			-1,203
			-884
			218
			11
			3,796
			-87
			-254
			-279
			-300
			-844
			2,013
			-174
			-62
			3,874
			132
			263
			182
			4
			-29
			1,501
			621
			35
			40
			-34
			-928
			-1,075
			147
			950
			4,127
			12,077
			383
			3,606
			1,895
			3,028
			1,422
			1,084
			5,392
			-139
			13
			3,019
			-504
			411
			-767
			-811
			209
			621
			-571
			-47
			-41
			-40
			-66
			-81
			-35
			9,900
			11,625
			848
			-102
			4,436
			-41
			-104
			-1,072
			16
			116
			2,917
			-783
			-410
			-369
			-947
			3,887
			322
			142
			362
			1,485
			1,377
			12,361
			202
			965
			-71
			608
			-403
			1,827
			905
			14
			-196
			-174
			195
			839
			1,367
			1,295
			1,579
			58
			-22
			139
			-185
			444
			483
			990
			-450
			4,961
			535
			1,190
			3,419
			207
			1,380
			-168
			14
			129
			203
			556
			2
			-438
			-668
			593
			2,132
			-418
			3,775

			15
			-648
			-231
			-571
			-1,117
			10
			233
			3,275
			62
			-197
			-620
			-97
			1,062
			1,277
			1,243
			3,070
			1,727
			699
			-774
			-69
			-90
			95
			2,207
			-57
			3,305
			-238
			-2,073
			8
			349
			300
			331
			223
			46
			216
			36
			561
			212
			287
			678
			10
			-691
			-298
			-4
			-461
			214
			2,878
			-426
			3,799
			1,563
			-263
			2,638
			1,022
			995
			999
			-963
			1,352
			1,036
			5,086
			-1,577
			1,845
			2,738
			952

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	280,369
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 .........................		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.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	7,060
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	7,060
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	7,060
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	11,200
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	11,200
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,140
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax3,530	Refunded	11	610
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. $ (2) On foundation managers.$

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers.$

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

FL, IL

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website addressN/A

The books are in care ofNORTHERN TRUST COMPANY Telephone no. (312) 630-6000

Located atPO BOX 803878CHICAGOIL ZIP+460680

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 ........

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........

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? .............

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)):

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?....................

If "Yes," list the years 20, 20, 20, 20

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.) ..............

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

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.).....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2025)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check .........

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
NORTHERN TRUST COMPANY	TRUSTEE 40	92,697
PO BOX 803878 CHICAGO,IL60680	TRUSTEE 40	92,697

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)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

7,565,948

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

Total (add lines 1a, 1b, and 1c).......................

7,565,948

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

7,565,948

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

113,489

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

7,452,459

Minimum investment return. Enter 5% (0.05) of line 5 ................

372,623

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.)

Minimum investment return from Part IX, line 6..................

372,623

Tax on investment income for 2025 from Part V, line 5 .......

7,060

Income tax for 2025. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

7,060

Distributable amount before adjustments. Subtract line 2c from line 1............

365,563

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

365,563

Deduction from distributable amount (see instructions) .................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

365,563

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........

556,283

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

556,283

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					365,563
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......				288,899
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: $ 556,283
a Applied to 2024, but not more than line 2a				288,899
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.....					267,384
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 ..........					98,179
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)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF MIAMI 1600 NW 10TH AVE MIAMI,FL33136	NONE		SCHOOL OF MEDICINE	494,940
Total ................................. 3a				494,940

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	264,111
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	280,369
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aAVALONBAY CMNTYS I			14	19
bMFO BLACKROCK FDS			14	75
cMFO DFA INVT DIMEN			14	12
dMFO DFA INVT DIMEN			14	10
ePROLOGIS INC COM			14	4
12 Subtotal. Add columns (b), (d), and (e) ..				544,600

13Total. Add line 12, columns (b), (d), and (e)..................

544,600

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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. Yes No
	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

Name of Bond	End of Year Book Value	End of Year Fair Market Value
C09260B630 MFO BLACKROCK FDS V	366,551	378,952
C33939L506 MFC FLEXSHARES TR T	336,783	340,569
C33939L605 MFC FLEXSHARES TR I	380,639	387,945
C46435U853 MFC ISHARES TR BROA	360,754	374,361
C841338AA4 S.E. BKG CORP CONV	5,000	3,590
C912828ZV5 UTD STATES TREAS FI	15,010	14,355
C369550BP2 GENERAL DYNAMICS CO	20,052	18,208
C02665WDW8 AMERN HONDA FIN 2%	19,994	19,164
C023135CH7 AMAZON COM INC 3.6%	19,758	19,420
C03076CAM8 AMERIPRISE FINANCIA	19,951	20,812
C13607PVQ4 CANADIAN IMPERIAL B	20,000	20,640
C30303MAC6 META PLATFORMS INC	30,057	30,282
C478160DH4 JOHNSON & JOHNSON 4	19,988	20,379
C854502AQ4 STANLEY BLACK & DEC	14,970	13,597
C91282CFU0 UNITED STATES OF AM	49,932	50,561
C037833FA3 APPLE INC 4.5% 05-1	24,960	25,595
C91282CMS7 UNITED STATES TREAS	59,967	60,495
C12572QAK1 CME GROUP INC 2.65%	14,970	13,730
C743315AY9 PROGRESSIVE CORP OH	19,683	19,690
C91282CMA6 US TREASURY N/B 4.1	50,076	50,896
C67021CAR8 NSTAR ELEC CO 1.95%	14,930	13,232
C025816DW6 AMERN EXPRESS CO 5.	20,000	20,644
C713448GC6 PEPSICO INC 5.0% 02	19,975	20,621
C06406RBT3 BANK OF NEW YORK ME	20,000	21,241
C194162AN3 COLGATE-PALMOLIVE C	15,001	14,874
C09290DAJ0 BLACKROCK FDG INC 4	14,956	15,340
C808513BS3 SCHWAB CHARLES CORP	19,961	18,122
C458140BZ2 INTEL CORP 4.0% 08-	14,963	14,856
C912828YX2 UTD STATES TREAS 1.	49,857	49,143
C931142FN8 WALMART INC 4.35% 0	24,957	25,429
C91282CGQ8 UNITED STATES OF AM	70,096	70,943
C89236TLM5 TOYOTA MOTOR CREDIT	24,973	25,531
C9128286F2 UNITED STATES TREAS	24,818	24,951
C039482AD6 ARCHER DANIELS FIXE	14,969	13,810
C9128284V9 UNITED STATES TREAS	29,326	29,527
C91324PFJ6 UNITEDHEALTH GROUP	19,999	20,522
C79466LAH7 SALESFORCE.COM INC	14,963	14,217
C91282CHR5 UNITED STATES TREAS	64,967	65,881
C66989HBA5 NOVARTIS CAP CORP G	24,891	24,826
C961214EW9 WESTPAC BANKING COR	15,000	14,236
C91282CFT3 UNITED STATES TREAS	49,791	50,686
C3135G0Q22 FNMA TRANCHE 00689	25,365	24,694
C191216DR8 COCA COLA CO 5.0% 0	19,964	20,866
C032654AU9 ANALOG DEVICES INC	14,952	14,163
C053015AF0 AUTO DATA 1.25% DUE	19,949	17,706
C67066GAM6 NVIDIA CORP 1.55%	14,952	14,264
C89788MAG7 TRUIST FINL CORP SR	14,807	15,040
C61747YFS9 MORGAN STANLEY 5.04	20,000	20,524
C06418GAN7 BANK NOVA SCOTIA B	20,000	20,244
C91282CJW2 UNITED STATES OF AM	70,139	70,919
C91282CKW0 UNITED STATES TREAS	75,278	76,784
C06051GLG2 BANK OF AMERICA COR	20,000	20,503
C857477BQ5 STATE STREET CORP	5,000	4,906
C46647PEK8 JPMORGAN CHASE & CO	5,000	5,167
C17275RBT8 CISCO SYS INC 5.05%	19,980	20,621
C91282CNT4 UNITED STATES TREAS	50,102	50,469
C437076CS9 HOME DEPOT INC 4.5%	14,982	15,202
C91159HJT8 US BANCORP 5.046% 0	20,000	20,559
C46647PEH5 JPMORGAN CHASE & CO	5,000	5,337
C742718GM5 PROCTER & GAMBLE CO	24,973	25,151
C254687FQ4 DISNEY WALT CO 3.8%	22,585	19,843
C9128283W8 UNITED STATES TREAS	29,201	29,552
C438516CF1 HONEYWELL INTL INC	14,964	13,128
C87612EBV7 TARGET CORP 5.25% 0	24,901	25,723
C91282CGL9 UNITED STATES TREAS	49,375	50,014
C45866FAU8 INTERCONTINENTAL EX	19,902	20,061
C70450YAK9 PAYPAL HOLDINGS INC	19,943	20,041
C166756BK1 CHEVRON U S A INC 4	24,925	25,270
C91282CMP3 UNITED STATES OF AM	70,263	70,473
C57636QBC7 MASTERCARD INC 4.55	19,955	20,033
C26884ABN2 ERP OPERATING LP 1.	14,927	13,246
C02079KAK3 ALPHABET INC 4.0%	24,854	25,073
C91282CPB1 UNITED STATES TREAS	75,064	75,023
C38141GB78 GOLDMAN SACHS GROUP	20,000	20,142
C91282CBT7 UNITED STATES OF AM	24,882	24,835
C904764BV8 UNILEVER CAPITAL CO	24,756	25,219
C717081FE8 PFIZER INC FIXED 4.	29,934	30,105
C14913UAX8 CATERPILLAR FINL SV	19,961	20,687
C91282CGT2 UTD STATES TREAS 3.	40,031	40,114
C74460DAH2 PUBLIC STORAGE 1.95	15,018	14,210
C78016HZZ6 ROYAL BANK OF CANAD	15,004	15,374
C459200KT7 IBM CORP 4.15% DUE	24,968	25,136
C084664DA6 BERKSHIRE HATHAWAY	14,995	14,000
C06368LGV2 BANK MONTREAL QUE F	19,999	20,512
C828807DF1 SIMON PPTY GROUP L	14,750	14,189

Name of Stock	End of Year Book Value	End of Year Fair Market Value
C233203421 MFO DFA INVT DIMENS	213,680	262,312
C33939L407 MFC FLEXSHARES TR M	56,563	86,519
C464287200 ISHARES CORE S&P 50	1,041,543	1,177,412
C464287465 MFC ETF I SHARES MS	256,512	306,528
C464287614 MFC ISHARES TR RUSS	278,633	273,094
C464288372 MFC ISHARES TR GLOB	188,434	249,674
C552966806 MFO MFS INSTL INTL	259,015	290,928
C922042858 MFC VANGUARD INTL E	213,952	264,177
C22052L104 CORTEVA INC COM USD	4,765	12,132
C92343V104 VERIZON COMMUNICATI	6,860	6,558
C437076102 HOME DEPOT INC COM	3,219	9,635
C606822104 ADR MITSUBISHI UFJ	2,321	8,961
C311900104 FASTENAL CO COM	1,869	2,769
CG29183103 EATON CORP PLC COM	2,208	7,963
C03076C106 AMERIPRISE FINL INC	2,298	9,807
CG54950103 LINDE PLC	2,115	2,132
C416515104 THE HARTFORD INSURA	6,372	7,717
C949746101 WELLS FARGO & CO NE	7,371	8,481
C701094104 PARKER-HANNIFIN COR	4,537	21,095
C580135101 MC DONALDS CORP COM	6,121	11,920
C548661107 LOWES COS INC COM	6,541	7,717
C49456B101 KINDER MORGAN INC D	2,430	4,096
C609207105 MONDELEZ INTL INC C	9,582	11,143
C539830109 LOCKHEED MARTIN COR	1,704	6,771
C278865100 ECOLAB INC COM STK	7,751	9,188
CG87052109 TE CONNECTIVITY PLC	5,174	8,190
C369550108 GENERAL DYNAMICS CO	11,744	17,506
C235851102 DANAHER CORP COM	4,523	7,325
C594918104 MICROSOFT CORP COM	18,431	35,304
C452308109 ILL TOOL WKS INC CO	2,262	4,926
C907818108 UNION PAC CORP COM	3,129	3,007
C00724F101 ADOBE INC COM	7,182	7,000
C166764100 CHEVRON CORP COM	5,977	9,602
C87612G101 TARGA RES CORP COM	4,685	5,166
C049560105 ATMOS ENERGY CORP C	7,380	10,896
C573284106 MARTIN MARIETTA MAT	3,214	10,585
C693475105 PNC FINANCIAL SERVI	9,601	17,325
C053484101 AVALONBAY CMNTYS RE	7,351	6,890
C65339F101 NEXTERA ENERGY INC	2,406	12,283
C91324P102 UNITEDHEALTH GROUP	6,939	7,262
C749685103 RPM INTL INC	5,234	6,864
C688239201 OSHKOSH CORPORATION	5,156	5,905
C969457100 WILLIAMS CO INC COM	7,110	12,984
C03769M106 APOLLO GLOBAL MANAG	4,269	4,632
C478160104 JOHNSON & JOHNSON C	16,763	23,178
C526057104 LENNAR CORP CL A CL	3,882	7,813
C229899109 CULLEN / FROST BANK	3,620	5,825
C17275R102 CISCO SYSTEMS INC	6,968	7,780
C030420103 AMERICAN WTR WKS CO	6,441	6,525
C98389B100 XCEL ENERGY INC COM	7,201	7,903
C29472R108 EQTY LIFESTYLE PPTY	5,135	5,152
C742718109 PROCTER & GAMBLE CO	17,081	18,917
C69351T106 PPL CORP COM ISIN U	6,362	7,599
CF92124100 TOTALENERGIES SE EU	7,148	7,196
C026874784 AMERICAN INTERNATIO	7,597	8,555
C69343P105 ADR PJSC LUKOIL SPO	16,991	1,399
C713448108 PEPSICO INC COM	3,802	6,171
C882508104 TEXAS INSTRUMENTS I	918	2,602
C00287Y109 ABBVIE INC COM USD0	6,717	20,564
CH01301128 ALCON AG COM USD0.0	3,719	6,226
C532457108 ELI LILLY & CO COM	2,422	24,718
C816851109 SEMPRA COM	4,692	7,416
CH2906T109 GARMIN LTD COMMON S	2,086	2,029
C902973304 US BANCORP	5,733	9,712
C704326107 PAYCHEX INC COM	2,961	5,721
C571748102 MARSH & MCLENNAN CO	3,372	5,566
C127097103 COTERRA ENERGY INC	4,021	7,133
C14040H105 CAPITAL ONE FINL CO	4,971	15,269
C237194105 DARDEN RESTAURANTS	3,241	3,312
C219350105 CORNING INC COM	2,277	5,691
C718172109 PHILIP MORRIS INTL	3,239	3,048
C879360105 TELEDYNE TECHNOLOGI	6,934	8,172
C191216100 COCA COLA CO COM	4,158	7,970
C75513E101 RTX CORPORATION COM	2,537	4,768
C12572Q105 CME GROUP INC COM S	5,319	6,827
C874039100 ADR TAIWAN SEMICOND	10,030	10,940
C595017104 MICROCHIP TECHNOLOG	5,613	6,372
C09260D107 BLACKSTONE INC COM	5,226	6,936
C58933Y105 MERCK & CO INC NEW	7,060	7,052
C30231G102 EXXON MOBIL CORP CO	8,807	9,146
C925652109 VICI PPTYS INC COM	8,963	8,042
C871607107 SYNOPSYS INC COM	9,064	7,985
CG1151C101 ACCENTURE PLC CLS A	7,578	8,049
C21036P108 CONSTELLATION BRAND	5,827	3,311
C053015103 AUTOMATIC DATA PROC	1,805	8,231
C92939U106 WEC ENERGY GROUP IN	4,268	6,011
C11135F101 BROADCOM INC COM	1,734	23,881
C682680103 ONEOK INC COM STK	3,634	3,381
C031162100 AMGEN INC COM	6,594	9,492
C89417E109 TRAVELERS COS INC C	10,432	15,953
C02079K107 ALPHABET INC CAP ST	8,163	16,318
C90353T100 UBER TECHNOLOGIES I	6,726	6,455
C747525103 QUALCOMM INC COM	4,159	8,553
C46625H100 JPMORGAN CHASE & CO	8,830	14,500
C009158106 AIR PROD & CHEM INC	7,157	5,681
C835699307 ADR SONY GROUP CORP	6,012	11,238
CG5960L103 MEDTRONIC PLC COMMO	5,645	5,860

Description	Amount
2024 TRANSACTION POSTED IN 2025	4,623
ADJUSTMENT TO INCOME	121
PRIOR PERIOD ADJUSTMENT CREDIT	11,500

Category	Amount	Net Investment Income
FOREIGN TAXES	171	171
FEDERAL TAX PAYMENT - PRIOR YE	15,300	0
ESTIMATED TAX PAYMENTS	7,336	0
FOREIGN TAXES ON QUALIFIED FOR	1,874	1,874
FOREIGN TAXES ON NONQUALIFIED	1,083	1,083

Description	Amount
2025 TRANSACTION POSTED IN 2026	2,957
ADJUSTMENT FOR ACCRUED INTEREST	240
COST BASIS ADJUSTMENT	783
ROUNDING ADJUSTMENT	14

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
STATE FILING FEES	15	0	15
ADR FEES	43	43	0
CLASS ACTION FILING FEES	35	35	0

Description	Revenue And Expenses Per Books	Net Investment Income
AVALONBAY CMNTYS INC REIT	19	19
MFO BLACKROCK FDS V HIGH YIELD BD PORT I	75	75
MFO DFA INVT DIMENSIONS GROUP INC EMERGI	12	12
MFO DFA INVT DIMENSIONS GROUP INC REAL E	10	10
PROLOGIS INC COM	4	4