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
AM Josephs Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address) Foundation Source 501 Silverside Rd
  Room/suite
City or town
Wilmington
State or province
DE
Country  
ZIP or foreign postal code
198091377
A Employer identification number

27-1715734
B Telephone number (see instructions)

8008391754
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)$2,207,065J 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) 61,824
2 Check .................
3 Interest on savings and temporary cash investments 1,769 1,769  
4 Dividends and interest from securities... 36,963 36,963  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 33,093
b Gross sales price for all assets on line 6a 281,925
7 Capital gain net income (from Part IV, line 2)... 33,093
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
9,691 9,691  
12 Total. Add lines 1 through 11........ 143,340 81,516  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
10,005 10,005    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
905 5    
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
11,920 45   11,875
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,830 10,055   11,875
25 Contributions, gifts, grants paid....... 89,100 89,100
26 Total expenses and disbursements. Add lines 24 and 25 ................ 111,930 10,055   100,975
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 31,410
b Net investment income (if negative, enter -0-) 71,461
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 186,609 149,850 149,850
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)....... 1,321,216 Click to see attachment
List of Attached Documents:
// Content
1,379,694 		1,925,534
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).......... 124,063 Click to see attachment
List of Attached Documents:
// Content
133,754 		131,681
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) 1,631,888 1,663,298 2,207,065
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...........    
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 1,631,888 1,663,298
29 Total net assets or fund balances (see instructions)..... 1,631,888 1,663,298
30 Total liabilities and net assets/fund balances (see instructions). 1,631,888 1,663,298
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
1,631,888
2
Enter amount from Part I, line 27a .....................
2
31,410
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,663,298
5
Decreases not included in line 2 (itemize)
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,663,298
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 281,925   248,832 33,093
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       33,093
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 33,093
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) 1 993
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 993
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 993
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 1,264
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,264
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 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... 10 271
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax271 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
DE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website address  
14
The books are in care ofFoundation Source Telephone no. (800) 839-1754

Located at501 Silverside Road Suite 123WilmingtonDE ZIP+4198091377
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
Allen Josephs Pres, Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Marlene Richter Josephs VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
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)
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
1,747,764
b
Average of monthly cash balances.......................
1b
193,185
c
Fair market value of all other assets (see instructions)................
1c
131,681
d
Total (add lines 1a, 1b, and 1c).......................
1d
2,072,630
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,072,630
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
31,089
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,041,541
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
102,077
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
102,077
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
993
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
993
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
101,084
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
101,084
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
101,084
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
100,975
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
100,975
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 7 101,084
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......  
b Total for prior years:2023, 2022, 2021  
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 8,820
b From 2021...... 22,544
c From 2022......  
d From 2023...... 353
e From 2024...... 10,007
f Total of lines 3a through e ........ 41,724
4Qualifying distributions for 2025 from Part
XI, line 4: $ 100,975
a Applied to 2024, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		 
d Applied to 2025 distributable amount..... 100,975
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 109 109
(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 41,615
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		8,711
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		32,904
10 Analysis of line 9:
a Excess from 2021 .... 22,544
b Excess from 2022 ....  
c Excess from 2023 .... 353
d Excess from 2024 .... 10,007
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).)
Allen Josephs
MARLENE RICHTER JOSEPHS
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

AMERICAN FRIENDS OF DARCHE NOAM INC

176-25 UNION TPKE 336
FRESH MEADOWS,NY11366 		N/A   Midreshet Rachel 6,000

AMERICAN FRIENDS OF LEKET ISRAEL INC

PO BOX 2090
TEANECK,NJ07666 		N/A   Purim FUND 500

AMERICAN FRIENDS OF LEKET ISRAEL INC

PO BOX 2090
TEANECK,NJ07666 		N/A   Rosh Hashanah Fund 500

AMERICAN FRIENDS OF YAD ELIEZER INC

410 GLENN RD
JACKSON,NJ08527 		N/A   General & Unrestricted 3,600

BOCA RATON KOLLEL

21644 SONOMA CT
BOCA RATON,FL33433 		N/A   General & Unrestricted 1,000

CHASDEI AVOS

14111 72ND CRESCENT
FLUSHING,NY11367 		N/A   General & Unrestricted 500

COMMITTEE FOR THE RESCUE OF ISRAELS BABIES

3363 SHERIDAN ST
HOLLYWOOD,FL33021 		N/A   General & Unrestricted 500

CONGREGATION CHEVRA KADISHA

6081 S CONGRESS AVE
LAKE WORTH,FL33462 		N/A   New building fund 50,000

JEW IN THE CITY

PO BOX 2168
TEANECK,NJ07666 		N/A   General & Unrestricted 10,000

KEREN HATZADIK - IN MEMORY OF RABBIARYEH LEVIN OF

996 RICHARD CT
TEANECK,NJ07666 		N/A   Pesach Fund 1,000

TORAH ACADEMY OF BOCA RATON INC

3881 NW 3RD AVE
BOCA RATON,FL33431 		N/A   General & Unrestricted 2,500

YESHIVA TIFERES TORAH OF BOCA RATON INC

7200 PALMETTO CIR N
BOCA RATON,FL33433 		N/A   building pledge fund 5,000

YOUNG ISRAEL OF BOCA RATON

7200 PALMETTO CIR NORTH
BOCA RATON,FL33433 		N/A   General & Unrestricted 8,000
Total ................................. 3a 89,100
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,769  
4 Dividends and interest from securities ....     14 36,963  
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 33,093  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aANNUITY INCOME 		    01 9,691  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   81,516  
13Total. Add line 12, columns (b), (d), and (e)..................
13
81,516
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
AM Josephs Family Foundation
 
Employer identification number

27-1715734
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
AM Josephs Family Foundation
  		Employer identification number
27-1715734
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Josephs Allen
7710 Kenway Place East
 
Boca Raton, FL33433

$ 61,824


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
AM Josephs Family Foundation
  		Employer identification number

27-1715734
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 VERIZON COMMUNICATIONS VZ, 300 sh. $ 13,119 2025-07-02
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 KINDER MORGAN INC KMI, 1000 sh. $ 28,220 2025-07-02
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 CORCEPT THERAPEUTICS INC CORT, 150 sh. $ 11,985 2025-11-25
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 CORCEPT THERAPEUTICS INC CORT, 100 sh. $ 8,500 2025-12-05
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
AM Josephs Family Foundation
  		Employer identification number

27-1715734
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


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TY 2025 DepreciationSchedule
Name:
AM Josephs Family Foundation
EIN:
27-1715734
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2025 InvestmentsCorpStockSchedule
Name:
AM Josephs Family Foundation
EIN:
27-1715734
Name of Stock End of Year Book Value End of Year Fair Market Value
AFFIL MANAGERS GR PFD STOCK - 1,811 1,681
AFFILIATED MANAGERS GROUP INC 1,551 1,374
ALAMO GP INC 5,799 22,159
ALLSTATE CORP 4.75% PFD SR I 1,569 1,454
ALLSTATE PFD SER H 3,745 3,539
AMERICAN FINANCIAL GROUP C 1,060 950
AMERICAN FINANCIAL GROUP INC 548 496
AMERICAN FINCL GRP INC SUB DEB 1,047 913
APPLE INC 5,203 76,120
ARCH CAP GROUP LTD NON CUM DEP 2,557 2,291
ARCH CAPITAL GROUP 4.55% SER-G 5,567 4,793
ASSURANT 5.25% SUBORDINATED NO 1,390 1,264
AT & T INC 5.000% PFD SER A 2,144 2,054
AT&T DEPO SHA REP 1000 PREFERR 4,283 4,070
BANK AMER DS PFD SER KK 2,188 2,067
BANK NEW YORK MELLON CORP NON 4,066 4,130
BANK OF AMER CORP 4.125% PREFE 1,985 1,872
BANK OF AMER CORP 4.750% SERIE 1,333 1,260
BANK OF AMERICA CORP 4.375% PF 4,780 4,426
BANK OF AMERICA CORP PFD 1,915 1,889
BANK OF AMERICA CORP PREFERRED 5,242 4,939
BANK OF AMERICA CORPORATION DE 3,231 3,052
BANK OF AMERICA SER 2 PFD STK 1,693 1,403
BERKLEY W R CORP - 5.100% - 12 2,085 1,884
BERKLEY W R CORP 4.125 % SUB 6 2,480 2,186
BRAINSTORM CELL THERAPEUTICS 3,797 36
CAPITAL CLEAN ENERGY 13,134 23,854
CAPITAL ONE FINCL CORP 5.000% 3,061 2,928
CAPITAL ONE FINL DS REPRESENTI 2,541 2,442
CHARLES SCHWAB PFD STK SER D 5 1,914 1,900
CITIZENS FINANCIAL GROUP INC 6 678 686
CITIZENS FINANCIAL GROUP INC P 5,136 4,723
CITIZENS FINANCIAL GROUP, 7.37 2,092 2,108
CMS ENERGY CORP 5.875 NTS 79 5 3,136 2,986
CMS ENERGY CORPORATION 2,130 1,972
CMS ENERGY PFD STK - 5.625% 1,114 1,010
CORCEPT THERAPEUTICS INC 20,485 8,700
COREBRIDGE FINANCIAL INC CAL 6 2,378 2,209
DELTA APPAREL INC 1,903  
DEUTSCHE BK CONTINGENT CAP TR 1,408 1,394
DIGITAL REALTY PFD SER L 1,848 1,740
DTE ENERGY CO CAL DEB 81 PFD - 2,298 1,940
DTE ENERGY JUNIOR SUBORDINATED 1,048 904
DTE ENERGY PFD SHARES - 5.25% 1,063 951
DUCOMMUN INC 5,524 21,880
DUKE ENERGY CORP NEWJR SB DB - 2,036 1,993
DUKE ENERGY DRC 2,257 2,247
ENNIS BUSINESS FORMS 5,666 5,493
ENTERGY ARK INC 1M BD PFD - 4. 1,367 1,283
ENTERGY LOUISIANA 4.875% 993 920
ENTERGY MISSISSIPPI INC PFD - 1,508 1,376
EQUITABLE HLDGS DRC 1,729 1,546
EQUITABLE HOLDINGS INC PFD SER 1,145 1,050
FAB UNIVERSAL CORP INC 2,176  
FEDERAL REALTY INVESTMENT TRUS 718 683
FIFTH THIRD BANC 3,980 3,713
FIRST HORIZON CORPORATION DEP 507 493
FIRST MAJESTIC SILVER CORP 10,126 16,660
FITB - 6.625% - PFD SER 1 2,027 1,996
FLEXSTEEL INDUSTRIES INC 5,794 9,478
GEORGIA PWR CO 5.00% 10/1/2077 1,623 1,456
GLOBAL X SILVER MINERS ETF 6,411 16,704
GLOBE LIFE INC - 4.250% PFD D 383 402
GOLDMAN SACHS PFD SER D - 4.00 1,371 1,148
HARTFORD FINL SVCS GRP PFD G - 951 951
HIMAX TECHNOLOGIES - ADR 12,368 16,380
HNI CORP 1,768 2,901
HOOKER FURNITURE CORPORATION 3,041 2,258
HUNTINGTON BANCSHARES, SERIES 2,863 2,920
HUNTINGTON BNCSH.A 8.5% CV PFD 4,784 4,426
IDT CORP CL B 7,457 32,416
INTERNATIONAL PAPER CO 4,239 3,939
INTERNATIONAL SEAWAYS INC 8,612 21,071
INVESCO QQQ TRUST 64,708 81,702
ISHARE SP SMALL CAP 600 INDEX 17,251 18,027
ISHARES CORE MSCI EAFE ETF 39,796 51,887
ISHARES CORE MSCI EMERGING MAR 17,606 21,510
ISHARES MSCI GLOBAL GOLD MINER 38,640 110,459
ISHARES RUSSELL 1000 INDEX FD 15,240 32,116
ISHARES S&P 500 INDEX FD 26,811 60,959
ISHARES TRUST RUSSELL 1000 GRO 15,020 27,925
JP MORGAN CHASE & CO PFD SER D 2,412 2,392
JP MORGAN CHASE PFD SER GG 1,625 1,518
JPMORGAN CHASE & CO 4.550% PFD 1,988 1,843
JPMORGAN CHASE & CO 6 DEP NCM 1,416 1,408
JPMORGAN CHASE 4.625% PFD SER 2,739 2,534
JPMORGAN PFD SER MM 04.200% PE 3,161 2,978
KEYCORP 6.125% DEP PFD SERIES 3,671 3,866
KEYCORP DEPOSITORY SHARES 490 488
KEYCORP PFD SER G DRC 907 914
KEYCORP SER H 6.2% 2,478 2,741
KEYTRONIC CORPORATION 5,654 1,465
KIMBALL ELECTRONICS, INC 1,680 11,156
KIMCO REALTY CORP PFD SER M - 1,985 1,859
KIMCO REALTY DEP SH REPSTG PFD 950 889
KINDER MORGAN INC 33,119 35,737
M & T BANK CORP 6.35 DEP PF SR 1,421 1,463
M&T BANK - 5.625% - PFD SER H 2,787 2,783
M&T BANK CORP PREFERRED J 7.5% 1,431 1,460
METLIFE INC 5.62500% PFD 3,549 3,468
METLIFE INC PFD SER F 6,608 6,314
MITCHAM INDS 5,619 277
MORGAN STANLEY - 6.375% PFD CL 948 950
MORGAN STANLEY 4.250% DP PFD 5,303 4,763
MORGAN STANLEY 4.875% PFD SER 2,314 2,105
MORGAN STANLEY 6.5% DP SH PFD 666 662
MORGAN STANLEY 6.625 PFD SER Q 2,775 2,770
MORGAN STANLEY PFD K 1,783 1,790
MORGAN STANLEY PFD SER A 861 733
MORGAN STANLEY PFD SER F - 6.8 1,213 1,205
NATIONAL RURAL UTIL - 5.50% - 683 662
NEXTERA ENERGY CAP HOLDINGS IN 1,324 1,342
NEXTERA ENERGY PFD - 5.650% - 4,523 4,381
NORTHERN TRUST CORP NON-CUM SE 4,080 3,787
OLYMPIC STEEL INC 5,680 8,985
PC CONNECTION 5,737 20,794
PRECIGEN 4,351 836
PRINCIPAL US MEGA-CAP ETF 26,908 33,541
PRUDENTIAL FINANCIAL INC PFD - 2,317 2,239
PRUDENTIAL FINL INC CAL NT 62 1,988 1,902
PRUDENTIAL FINL INC PFD DUE 09 3,373 2,967
PUBLIC STORAGE 4.125% SER M 706 688
PUBLIC STORAGE DEP 2,148 1,943
PUBLIC STORAGE DEP SER N PFD 1,148 1,049
PUBLIC STORAGE PFD 4.875% SER 1,074 946
PUBLIC STORAGE PFD 5.15% SER F 1,032 909
PUBLIC STORAGE PFD G 5.05% 12/ 964 847
PUBLIC STORAGE PFD SER A 6.125 1,840 1,644
PUBLIC STORAGE PFD SER O 446 407
PUBLIC STORAGE PRFD 'H' 1,149 1,052
PUBLIC STORAGE PRFD 'K' 1,591 1,444
PUBLIC STORAGE SERIES P CUM PF 2,029 1,830
RAFAEL HOLDINGS, INC 2,756 373
REGIONS FINANCIAL CORP DEP PF 2,355 2,389
REGIONS FINANCIAL CORP NEW DEP 2,474 2,346
REGIONS FINANCIAL SER C 545 540
REINSURANCE GRP OF AMERICA INC 1,265 1,247
RENAISSANCERE HLDGS PFD SER F 1,069 993
RENAISSANCERE HLDGS PG SER G 1 1,922 1,688
REX AMERICAN RESOURCES CORPORA 5,653 31,997
SALEM COMMUNICATIONS CORP 5,758 312
SCHWAB CHARLES NEW 40 DS REPST 5,847 5,322
SCHWAB US BROAD MARKET 37,084 50,388
SELIGMAN LASALLE IRE 4,735 7,540
SHOE CARNIVAL, INC 5,558 7,258
SOUTHERN CO - 6.500% - 03/15/2 1,346 1,372
SOUTHERN CO CAL - 0.000% - 10/ 1,326 1,171
SOUTHERN CO JR 2017 NY 77 5.25 658 605
SPDR DOW JONES INDUSTRIAL AVER 15,959 26,912
SPDR S&P 500 ETF TRUST 38,200 54,554
SPDR S&P 500 GROWTH 38,260 50,362
SPDR S&P 500 VALUE 30,606 34,540
STANDARD MOTOR PRODS 5,641 6,265
STATE STREET 5.35% - CLASS B 5,194 4,759
STIFEL FINL CORP - 4.5% - PFD 743 616
STIFEL FINL CORP 6.125 PFD C 1,235 1,186
STIFEL FINL CORP SER B 6.250% 1,487 1,392
SUPERCOM LTD 126,272 20,106
SYLVAMO CORP 236 433
TESLA MOTORS INC 3,831 13,492
TEVA PHARMACEUTICAL INDUSTRIES 14,957 28,089
THE SOUTHERN COMPANY 4,159 3,724
TRANSCANADA PIPELINE STRIP CAL 1,441 1,423
TRUIST FIN PFD SER R 6,419 6,048
TRUIST FINANCIAL CORP PFD SER 4,072 3,879
UMB FINANCIAL CORP 7.750 DEP S 1,339 1,431
US BANCORP DEL DEP PER PFD SR 1,532 1,410
US BANCORP DEL PREF SERIES O 3,528 3,178
US BANCORP DEL SER K PFD - 5.5 3,153 2,993
US BANCORP PFD SER B - FLOAT % 869 714
US BANCORP PFD SER M 4,225 3,922
USD ROCKY BRANDS INC 4,650 8,799
VANECK SEMICONDUCTOR ETF 24,342 25,209
VANGUARD INFORMATION TECHNOLOG 87,146 94,975
VANGUARD MID-CAP ETF 31,048 35,987
VANGUARD S&P 500 ETF 35,804 57,068
VANGUARD TOTAL STOCK MARKET ET 40,635 125,725
VANGUARD VALUE ETF 32,746 49,466
VAXIL BIO LTD CA COM NPV 6,530 59
VERIZON COMMUNICATIONS 13,119 12,219
VERTEX PHARMCTLS INC 12,023 45,336
VOYA FINL INC SER B 5.35 2,641 2,621
WEBSTER FINL CORP PFD STK SER 449 420
WEC ENERGY GROUP, INC 4,195 10,546
WELLS FARGO & CO 4.375% 2,328 2,229
WELLS FARGO & CO 4.700% PFD SE 3,258 3,077
WELLS FARGO & COM 4.25 SER-DD 3,560 3,341
WELLS FARGO COMPANY PREFERRED 5,991 5,691
WELLS FARGO PREF Y 1,076 1,093
WILLIS LEASE FINANCE CORPORATI 5,791 54,933
WR BERKLEY CORP 4.250% DUE 09/ 536 464
XCEL ENERGY INC NT 85 1,449 1,448
XOMA LTD 9,238 3,324
ZEDGE, INC 1,854 692

TY 2025 InvestmentsOtherSchedule2
Name:
AM Josephs Family Foundation
EIN:
27-1715734
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ANNUITY - JACKSON LIFE #102246   133,754 131,681

TY 2025 OtherExpensesSchedule
Name:
AM Josephs Family Foundation
EIN:
27-1715734
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 11,850     11,850
Bank Charges 45 45    
State or Local Filing Fees 25     25


TY 2025 OtherIncomeSchedule2
Name:
AM Josephs Family Foundation
EIN:
27-1715734
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ANNUITY INCOME 9,691 9,691  


TY 2025 OtherProfessionalFeesSchedule
Name:
AM Josephs Family Foundation
EIN:
27-1715734
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 10,005 10,005    


TY 2025 TaxesSchedule
Name:
AM Josephs Family Foundation
EIN:
27-1715734
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2025 900      
Foreign Tax Paid 5 5